Decatur County Real Estate and Livability Trends
Decatur County, Indiana's real estate market shows a steady climb in median home values from $115,100 in 2015 to $174,400 in 2022, although it lags behind state and national trends. Real estate taxes per return have significantly increased, reflecting rising property values and community investment. Noticeable fluctuations in residential energy tax credits suggest periodic investments in energy... Read more
Decatur County Market Trends
Decatur County, Indiana boasts a steady climb in median home values from $115,100 in 2015 to $174,400 in 2022, though it lags behind the broader state and national markets. Recent spikes and normalizations in residential energy tax credits hint at periodic, significant investments in energy efficiency, with peaks hitting $3,550.00 in 2018 but stabilizing around $1,050.00. Real estate taxes per... Read more
Median Value of Occupied Housing Units in Decatur County, Indiana Over the Last 8 Years
Decatur County, Indiana has seen a steady increase in median home values over the past 8 years, rising from $115,100 in 2015 to $174,400 in 2022. This trajectory, while notable, is generally in line with state trends, but Decatur County lags behind the broader Indiana market, which climbed from $124,200 in 2015 to $183,600 in 2022. On the national stage, the increase from $125,500 to $179,400 suggests that Decatur County’s growth is somewhat slower. Prospective homebuyers and investors should consider these disparities as they reflect both the affordability and growth potential within this specific area.
Residential Energy Tax Credit Per Tax Return in Decatur County, IN Over the Last 9 Years
Decatur County, Indiana has seen fluctuating levels of residential energy tax credits per tax return over the past nine years. Early on, values hovered around $500.00 to $900.00 from 2013 to 2015, then spiked dramatically to $3,550.00 in 2018. More recently, values normalized around the $1,050.00 range. Such trends suggest periodic bursts of higher investment in energy-efficient upgrades, possibly influenced by local policies or economic factors. These insights could be crucial for potential investors, real estate agents, or new residents evaluating the incentives and long-term benefits for energy-conscious homeowners in the county.
Average Real Estate Taxes Per Tax Return in Decatur County, IN Over the Last 10 Years
Decatur County, Indiana has seen real estate taxes per tax return steadily increase over the past decade, indicating a potential rise in property values and community investments. While the figure was around $1,348.06 in 2012, it spiked dramatically to $2,639.39 in 2021. This trend may suggest a growing local economy and improving infrastructure, making it an interesting spot for investors, developers, and those considering a move. However, increased taxes might also reflect higher costs for homeowners and renters, which could impact overall affordability.
Percentage of Farm Returns in Decatur County, IN Over the Last 10 Years
In Decatur County, Indiana, the percentage of farm tax returns over the last decade has shown a slight but noticeable downward trend, starting at 4.14% in 2012 and decreasing to approximately 3.70% in 2021. Farm tax returns are critical indicators that shed light on the local agricultural economy's performance and engagement levels. For investors, potential residents, and developers, understanding these trends can be insightful, reflecting the ebb and flow of agricultural profitability and the county’s reliance on farming as a primary income source. Lower percentages could suggest shifts in economic focus or changes in the farming community's financial health.
Number of Mortgages by Occupancy Type in Decatur County, IN Over the Last 5 Years in Decatur County
Decatur County, Indiana has displayed notable fluctuations in mortgage counts by occupancy type over the past five years. There is a clear dominance of principal residence mortgages, peaking at 1,585 in 2020, indicating a stable demand for homes as primary residences. Meanwhile, investment property mortgages have seen modest variation, with a slight peak in 2021 at 69 compared to other years where the counts hovered around 38-48. Second residence mortgages remain the least common type, showing minimal impact with counts generally below 35. These trends suggest potential growth or stability in the primary residential market, which may appeal to investors, developers, and real estate agents by indicating areas of steady demand. For appraisers and insurance agents, understanding these nuances helps accurately assess property values and risk profiles. Overall, shifts in occupancy type can signal broader economic and demographic trends affecting housing markets and investment strategies.
Economic Outlook
Decatur County, Indiana, is witnessing a solid rise in average taxable income per tax return, climbing from $44,914.19 in 2013 to $61,190.28 in 2021. This suggests economic growth and possibly higher disposable incomes. Over the past decade, state and local income taxes per return have rocketed from $4,725.11 in 2012 to $12,621.05 in 2021, posing significant considerations for disposable income and influencing investment decisions. The total tax liability per return has also jumped, reaching... Read more
Average Taxable Income per Tax Return in Decatur County, IN over the last 9 years
Decatur County, Indiana, is seeing a consistent increase in average taxable income per tax return over the past nine years, rising from $44,914.19 in 2013 to $61,190.28 in 2021. This upward trajectory suggests promising economic growth and potentially higher disposable incomes for residents. For investors, developers, and prospective homeowners, this trend might indicate a strengthening local economy and a more robust market for property investment. With average income levels climbing steadily, the county may offer a favorable environment for businesses and individuals looking for economic opportunities.
Average State and Local Income Taxes Per Tax Return in Decatur County, IN Over the Last 10 Years
Over the past decade, Decatur County, Indiana has seen a staggering increase in state and local income taxes per tax return. In 2012, the average taxpayer paid roughly $4,725.11, but this amount has soared to $12,621.05 by 2021. This sharp rise could point to increased income levels or higher tax rates, drastically affecting the disposable income for residents and potentially influencing relocation and investment decisions.
Average Total Tax Liability Per Tax Return in Decatur County, IN Over the Last 10 Years
Decatur County, Indiana has experienced a notable upward trend in its average total tax liability per tax return over the past decade, reaching $8,504.61 in 2021 from $6,135.69 in 2012. This increase could be indicative of rising incomes or changes in tax policies, making the area potentially more lucrative for investors. However, those looking to move or build property here might need to factor in these growing tax obligations.
Cost of Living in Decatur County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,172 | $1,275 | $1,927 | $1,288 | $1,118 |
| 1 adult 4 children | $1,172 | $1,041 | $1,474 | $1,288 | $1,204 |
| 2 adults 3 children | $1,172 | $1,041 | $1,672 | $1,288 | $926 |
| 1 adult 3 children | $1,172 | $850 | $1,219 | $1,288 | $985 |
| 2 adults 2 children | $963 | $853 | $1,417 | $1,126 | $837 |
| 1 adult 2 children | $963 | $637 | $964 | $1,126 | $764 |
| 2 adults 1 child | $963 | $674 | $1,161 | $599 | $773 |
| 1 adult 1 child | $963 | $435 | $708 | $599 | $649 |
| 2 adults | $732 | $541 | $906 | $0 | $636 |
| 1 adult | $671 | $295 | $453 | $0 | $532 |
Demographics
Decatur County, Indiana, showcases a nearly equal split between its male and female adult populations. The county's educational attainment leans heavily toward high school graduates, with a notable portion having some college education but no degree. The age distribution emphasizes a significant number of residents in the 45-64 age bracket, potentially influencing local healthcare and senior services. Racially, the county's population is predominantly White, highlighting limited diversity,... Read more
Race Distribution in Decatur County, Indiana (2022)
Educational Attainment in Decatur County, Indiana (2022)
Age Distribution in Decatur County, Indiana
Citizen Population in Decatur County, Indiana (2022)
Political Trends & Data
Decatur County, Indiana, in the 2020 U.S. Presidential Election, saw nearly 78% of votes go to Republicans, 20% to Democrats, and over 2% to Libertarians, indicating a strong GOP preference. This significant skew towards the Republican Party might suggest lower political diversity, potentially influencing community priorities and local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Decatur County, Indiana, leans heavily Republican based on the 2020 U.S. Presidential Election results, with nearly 78% of the vote going to the GOP. Democrats received around 20%, and Libertarians captured just over 2%. This strong Republican preference could suggest lower political diversity compared to more competitive regions.
77.93% of voters voted for the Republican party in the 2020 Presidential Election
19.85% of voters voted for the Democrat party in the 2020 Presidential Election
2.22% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Decatur County, Indiana has maintained a student-to-teacher ratio around the national average of fourteen students per teacher over the past decade, with minor increases peaking at about fifteen in 2015 and 2020. This stable and slightly above-average ratio could imply a balanced allocation of educational resources, making the area appealing to families seeking a good educational environment without overcrowding. For investors and builders, this consistent trend might suggest steady community... Read more
Student-to-teacher ratio in Decatur County, Indiana over the last 10 years
Decatur County, Indiana has seen its student-to-teacher ratio fluctuate around the national average of fourteen students per teacher over the last decade. There were slight increases in 2015 and 2020, peaking at roughly fifteen students per teacher, but the ratio generally remains competitive and manageable. For investors, builders, and real estate agents, these stable and slightly above-average ratios might indicate a balanced allocation of educational resources. This steady trend could potentially make the county attractive to families looking for a good educational environment without overcrowding. Insurance agents and appraisers could also view this consistent ratio as an indicator of stable community growth and resource allocation.
