Daviess County Real Estate and Livability Trends
Daviess County, Indiana, has experienced a significant uptick in its economic environment, with average taxable income per tax return rising from $47,332.36 in 2013 to $65,970.28 in 2021, fostering interest in property development. Home values have surged from $110,200 in 2015 to $174,000 in 2022, remaining more affordable than state and national medians. This period also saw real estate taxes... Read more
Daviess County Market Trends
Daviess County, Indiana saw median home values soar from $110,200 in 2015 to $174,000 in 2022, staying relatively more affordable compared to state and national medians. Residential energy tax credits have fluctuated significantly, hinting at increased investments in energy-efficient improvements. Real estate taxes rose dramatically from roughly $1,451.53 in 2012 to $2,737.04 in 2020, before a... Read more
Median Value of Occupied Housing Units in Daviess County, Indiana Over the Last 8 Years
Daviess County, Indiana has seen a significant increase in median home values over the past eight years, rising from $110,200 in 2015 to $174,000 in 2022. This growth, while steep, is still somewhat below the statewide increase in Indiana, which reached $183,600 in 2022, and the national median of $179,400. These trends could indicate a relatively more affordable market within the region, which might be appealing for new residents or investors looking for growth potential in Indiana without the higher costs seen in other areas.
Residential Energy Tax Credit Per Tax Return in Daviess County, IN Over the Last 9 Years
In Daviess County, Indiana, the average residential energy tax credit per tax return has shown notable fluctuations over the last nine years. Starting at $462.86 in 2013 and peaking at $966.67 in 2021, the credit saw significant jumps around 2014, 2017, and 2018, suggesting periods of increased investment in energy-efficient improvements. This trend could be of interest to potential investors and real estate agents as it indicates growing awareness and financial incentives for energy efficiency, which might impact property values and attractiveness for prospective homeowners. The insurance industry might also take note, as improvements in energy efficiency can correlate with reductions in claims related to outdated or less efficient infrastructure.
Average Real Estate Taxes Per Tax Return in Daviess County, IN Over the Last 10 Years
Over the past decade, Daviess County, Indiana has seen a significant upward trend in average real estate taxes per tax return. Starting at approximately $1,451.53 in 2012, these taxes remained relatively steady until 2017 when they started to escalate, jumping notably from $1,747.75 in 2017 to $2,567.65 in 2018. This spike continued with the taxes peaking at about $2,737.04 in 2020 before slightly decreasing to $2,600.00 in 2021. This trend could matter to potential investors and property developers noting the increasing tax burden, possibly reflecting rising property values or shifts in local tax policy. For residents and stakeholders, it's essential to consider these changes when budgeting for future property transactions.
Percentage of Farm Returns in Daviess County, IN Over the Last 10 Years
Over the past decade, Daviess County, Indiana has experienced slight fluctuations in the percentage of farm tax returns, ranging from 8.65% to 8.93%. These numbers indicate a fairly stable agricultural presence, which is crucial for potential investors, developers, or residents considering the area. Farm tax returns typically act as a barometer for the agricultural sector's economic health, reflecting both the viability of farming enterprises and their contribution to the local economy. This steady trend suggests a resilient farming community that can be a significant asset for various economic activities linked to rural development.
Number of Mortgages by Occupancy Type in Daviess County, IN Over the Last 5 Years in Daviess County
Daviess County, Indiana has seen fluctuations in mortgage activity, predominantly driven by a noticeable rise in principal residence mortgages from 883 in 2018 to a peak of 1364 in 2020, followed by a decrease to 985 in 2022. Investment property mortgages have remained relatively stable but low compared to primary residences, numbering around 44 annually in recent years. Second residence mortgages have been minimal, usually in the single digits across these years. Changes in occupancy type can provide insights for potential investors and real estate agents into market demand, hinting at a robust interest in primary homes over investment properties. Appraisers and insurance agents might also recognize variations in risk and value assessment given these occupancy shifts.
Economic Outlook
Daviess County, Indiana has seen a marked increase in average taxable income per tax return, rising from $47,332.36 in 2013 to $65,970.28 by 2021. This suggests a stronger economic environment that might be drawing interest for property development and relocation. However, the county has experienced significant fluctuations in state and local income taxes, with a sharp rise starting in 2018 and peaking at $17,064.71 by 2021. Average tax liabilities also spiked notably, especially between 2019... Read more
Average Taxable Income per Tax Return in Daviess County, IN over the last 9 years
Daviess County, Indiana has shown a notable upward trend in average taxable income per tax return over the last nine years. Starting at approximately $47,332.36 in 2013, the figures have steadily increased, reaching $65,970.28 by 2021. This growth suggests a potentially stronger economic environment, making the area more attractive for investment, property development, and relocation.
Average State and Local Income Taxes Per Tax Return in Daviess County, IN Over the Last 10 Years
Over the last decade in Daviess County, Indiana, average state and local income taxes per tax return have experienced significant fluctuation, with a noticeable spike starting in 2018 when taxes jumped sharply to $13,915.56 from $7,190.61 the previous year. This upward trend continued through 2021, peaking at $17,064.71, suggesting an increased tax burden over time. This matters for prospective investors and residents, as understanding the tax landscape can impact financial planning and long-term commitments in the area.
Average Total Tax Liability Per Tax Return in Daviess County, IN Over the Last 10 Years
Daviess County, Indiana has seen notable fluctuations in average tax liabilities per return over the past decade. A peak was observed in 2021 at $10,036.37, marking a significant increase from $7,392.99 in 2012. A sharp rise was particularly evident between 2019 and 2021. These figures might suggest varying economic conditions or changes in tax policy, which could be crucial for potential investors and residents to consider.
Cost of Living in Daviess County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,073 | $1,219 | $1,738 | $1,224 | $960 |
| 1 adult 4 children | $1,073 | $995 | $1,328 | $1,224 | $1,035 |
| 2 adults 3 children | $1,073 | $995 | $1,509 | $1,224 | $800 |
| 1 adult 3 children | $1,073 | $813 | $1,099 | $1,224 | $833 |
| 2 adults 2 children | $854 | $815 | $1,279 | $1,070 | $735 |
| 1 adult 2 children | $854 | $609 | $869 | $1,070 | $649 |
| 2 adults 1 child | $854 | $644 | $1,050 | $569 | $689 |
| 1 adult 1 child | $854 | $416 | $640 | $569 | $581 |
| 2 adults | $649 | $517 | $820 | $0 | $579 |
| 1 adult | $645 | $282 | $410 | $0 | $508 |
Safety trends & Data
Daviess County, Indiana's property crime rates have fluctuated significantly, with larceny-theft incidents spiking from 18 in 2019 to a high of 135 in 2021 before dropping to 78 in 2022. Vandalism also peaked at 23 incidents in 2021. Burglary numbers varied, reaching a high of 10 in 2020. These crime trends may impact real estate investment decisions, influencing factors like insurance premiums and community initiatives aimed at crime prevention. Understanding these patterns could be crucial... Read more
Property Crime Trends in Daviess County, IN Over the Last 4 Years
Daviess County, Indiana has seen fluctuating property crime rates over the past four years, with notable spikes in larceny-theft from 18 incidents in 2019 to a peak of 135 in 2021 before dropping to 78 in 2022. Vandalism incidents also rose, peaking at 23 in 2021. While burglary numbers varied, they reached a high of 10 in 2020. These trends may influence real estate investment decisions, insurance premiums, and community initiatives aimed at crime prevention. For potential residents, understanding these patterns could be crucial for making informed choices about property security.
Demographics
Daviess County, Indiana shows a nearly even split between its male and female populations. Educational attainment highlights a significant portion of residents with less than high school education or no diploma, indicating potential areas for educational improvement. The age distribution leans heavily towards younger demographics under 34, suggesting ongoing growth and a potentially dynamic workforce. Racially, the county is predominantly White, with very small percentages of other racial... Read more
Race Distribution in Daviess County, Indiana (2022)
Educational Attainment in Daviess County, Indiana (2022)
Age Distribution in Daviess County, Indiana
Citizen Population in Daviess County, Indiana (2022)
Political Trends & Data
Daviess County in Indiana leans heavily Republican, with about 80.1% of the 2020 U.S. Presidential Election vote going to the GOP and only around 18.1% to Democrats. This strong conservative preference might shape local policies and impact real estate dynamics, potentially favoring more traditional development approaches and influencing community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Daviess County in Indiana leaned heavily Republican in the 2020 U.S. Presidential Election, with an estimated 80.1% of the vote. Meanwhile, Democrats garnered about 18.1%, and Libertarian candidates received roughly 1.7%. Minor party votes were almost negligible. This trend may indicate Daviess County's strong conservative leaning, which could influence local policies and representation.
80.11% of voters voted for the Republican party in the 2020 Presidential Election
18.14% of voters voted for the Democrat party in the 2020 Presidential Election
1.71% of voters voted for the Livertarian party in the 2020 Presidential Election
0.03% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Daviess County, Indiana, has notably improved its student-to-teacher ratio from around 20 students per teacher in 2014 to about 15 by 2023, now approaching the national average of 14. This trend suggests a potential for increased property values and demand, given the region's apparent commitment to educational quality. For real estate investors and new residents, this is a persuasive indicator of community development and stability, which could positively influence appraisals and insurance... Read more
Student-to-teacher ratio in Daviess County, Indiana over the last 10 years
Daviess County, Indiana has seen a notable trend in its student-to-teacher ratio over the past decade, starting at roughly 20 students per teacher in 2014 and gradually improving to about 15 by 2023. While still slightly above the national average of 14 students per teacher, the narrowing gap suggests enhanced educational focus. Such shifts could be substantial for potential investors, new residents, and real estate professionals, as they often indicate a strong commitment to educational quality which can affect property values and demand. Additionally, appraisers and insurance agents might view this trend as a positive indicator of community development and stability.
