Delaware County Real Estate and Livability Trends
Delaware County, Indiana's real estate market displays interesting growth trends and economic hints worth noting. Median home values rose from $87,700 in 2015 to $120,500 in 2022, even though they still lag behind broader averages. The surge in property taxes per tax return—climbing from $1,700.00 in 2012 to $3,428.21 in 2021—could be tied to rising property values and adjusted tax rates.... Read more
Delaware County Market Trends
Median home values in Delaware County, Indiana have grown from $87,700 in 2015 to $120,500 in 2022, though still trailing behind state and national averages. Residential energy tax credits exhibit fluctuations, notably peaking at $2,425.00 per tax return in 2018, indicative of potential short-term incentives or policy changes. Real estate taxes per tax return have surged from $1,700.00 in 2012 to... Read more
Median Value of Occupied Housing Units in Delaware County, Indiana Over the Last 8 Years
Over the last 8 years, median home values in Delaware County, Indiana have steadily climbed from $87,700 in 2015 to $120,500 in 2022. While this increase is substantial, it's worth noting that Delaware County's median home values still lag behind both the state and national averages—Indiana's values reached $183,600 in 2022, and the national figure hit $179,400 the same year. For those considering investing, moving, or building property in Delaware County, these lower relative median home values could offer attractive opportunities compared to more expensive markets.
Residential Energy Tax Credit Per Tax Return in Delaware County, IN Over the Last 9 Years
Delaware County, Indiana, has shown an interesting fluctuation in residential energy tax credits over the past nine years, with a significant spike in 2018 peaking at $2,425.00 per tax return. The trend generally leans towards an increase from 2013's $263.93 to $839.44 in 2021, suggesting possible increases in energy-efficient home improvements or policy changes. Notably, the erratic values might indicate short-term incentives or fluctuations in energy upgrade popularity. This dynamic could be relevant for appraisers, insurance agents, and real estate professionals assessing property values and long-term energy investments.
Average Real Estate Taxes Per Tax Return in Delaware County, IN Over the Last 10 Years
Over the last decade, Delaware County, Indiana has seen a noticeable upward trend in average real estate taxes per tax return, starting from $1,700.00 in 2012 and reaching approximately $3,428.21 in 2021. This increasing tax burden reflects rising property values or changes in tax rates, which could impact decisions for potential investors and homeowners. The steep increase between 2017 and 2018 might highlight either a significant policy change or a revaluation of property assessments. Individuals involved in real estate, whether buying, selling, or insuring properties, should consider these trends for accurate financial planning and forecasting.
Percentage of Farm Returns in Delaware County, IN Over the Last 10 Years
Over the last decade, Delaware County, Indiana has seen a slight downward trend in the percentage of farm tax returns, decreasing from roughly 1.07% in 2012 to about 0.90% in 2021. Farm tax returns indicate the number of tax filings from farming businesses, providing a proxy measure for agricultural activity in the county. This trend might suggest a gradual decline in farm-related enterprises, potentially impacting local economies and real estate markets. Investors, prospective residents, and developers may find this information valuable when considering the sustainability and growth prospects of agribusinesses in the area.
Number of Mortgages by Occupancy Type in Delaware County, IN Over the Last 5 Years in Delaware County
Investment properties in Delaware County, Indiana, have seen a steady increase in mortgage counts over the past five years, going from 302 in 2018 to 496 in 2022. Principal residences dominate the market, though the number peaked in 2021 at 5880 and then dropped to 4249 in 2022. Second residences have remained relatively stable but consistently low, suggesting minimal interest in such properties. These shifts in occupancy type can impact the local real estate market, influencing property values and the availability of rental versus owner-occupied homes. Investors, real estate agents, appraisers, and those considering a move to Delaware County should note these patterns as they can affect future market conditions and investment potential.
Economic Outlook
Average taxable income per tax return in Delaware County, Indiana, has grown steadily from around $44,256.30 in 2013 to approximately $56,437.32 in 2021, indicating a possibly stronger local economy with rising job opportunities and wages. Notably, the average state and local income taxes per tax return nearly doubled over the past decade, from $4,944.98 in 2012 to $10,975.00 in 2021, highlighting a significant increase in tax burdens and potentially reflecting broader economic conditions and... Read more
Average Taxable Income per Tax Return in Delaware County, IN over the last 9 years
Over the past nine years, average taxable income per tax return in Delaware County, Indiana has seen a steady increase, moving from roughly $44,256.30 in 2013 to about $56,437.32 in 2021. This upward trend indicates a growing economy and potentially increasing job opportunities and wages. For investors, developers, and new residents, these metrics might suggest a more robust local market and a potentially higher quality of life.
Average State and Local Income Taxes Per Tax Return in Delaware County, IN Over the Last 10 Years
Over the last decade, Delaware County, Indiana has seen a significant increase in average state and local income taxes per tax return, nearly doubling from $4,944.98 in 2012 to $10,975.00 in 2021. This notable rise underscores growing tax burdens on residents and is crucial for potential investors, homebuyers, and those considering relocation, reflecting broader economic conditions and policy changes in the area.
Average Total Tax Liability Per Tax Return in Delaware County, IN Over the Last 10 Years
In Delaware County, Indiana, the average total tax liability per tax return has seen a steady increase over the last decade, showing a significant jump from $6,912.74 in 2012 to $8,362.74 in 2021. Particularly noteworthy is the spike around 2015 and a sharp rise again in 2021, indicating possible changes in local economic conditions or tax regulations. This upward trend in tax liability could imply growing incomes or shifts in tax policy, which might be crucial for potential investors, residents, and property developers to consider when evaluating the financial landscape and economic health of the area.
Cost of Living in Delaware County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,148 | $1,351 | $1,790 | $1,590 | $1,127 |
| 1 adult 4 children | $1,148 | $1,103 | $1,376 | $1,590 | $1,217 |
| 2 adults 3 children | $1,148 | $1,104 | $1,549 | $1,590 | $934 |
| 1 adult 3 children | $1,148 | $901 | $1,136 | $1,590 | $1,000 |
| 2 adults 2 children | $851 | $904 | $1,309 | $1,400 | $808 |
| 1 adult 2 children | $851 | $675 | $895 | $1,400 | $732 |
| 2 adults 1 child | $851 | $714 | $1,068 | $780 | $725 |
| 1 adult 1 child | $851 | $461 | $654 | $780 | $606 |
| 2 adults | $693 | $574 | $827 | $0 | $575 |
| 1 adult | $643 | $313 | $414 | $0 | $481 |
Safety trends & Data
Property crime in Delaware County, Indiana, shows notable fluctuations over the past five years. Burglary arrests dropped sharply in 2019 but spiked again by 2022 with 58 cases. Larceny-theft cases plummeted from 131 in 2018 to just 26 in 2021, before a slight uptick in 2022. Motor vehicle thefts mirrored this trend, hitting a high in 2018 and rising again to 31 cases in 2022. Fraud and forgery incidents also varied, peaking in 2018 before a marked... Read more
Property Crime Trends in Delaware County, IN Over the Last 5 Years
Property crime trends in Delaware County, Indiana show significant fluctuations over the last five years. While burglary arrests saw a sharp decrease in 2019 (35 cases) from 2018 (52 cases), numbers spiked again in 2022 (58 cases). Larceny-theft cases dropped dramatically from 131 in 2018 to a low of 26 in 2021, indicating a notable decline before a slight increase in 2022 (39 cases). Motor vehicle thefts experienced a similar trend, peaking at 59 in 2018 before fluctuating and then rising to 31 in 2022. Fraud and forgery cases also saw variability, with a peak in arrests in 2018 (69 and 6 cases respectively) before decreasing significantly in subsequent years.
Demographics
Delaware County, Indiana's adult population exhibits a nearly balanced gender distribution with a slight female majority. Educational attainment data suggests that the majority have completed high school, yet fewer have pursued higher education, with a relatively small percentage holding advanced degrees. Age distribution indicates a substantial young adult presence, likely influenced by local educational institutions, though there's a significant older adult population as well. The racial... Read more
Race Distribution in Delaware County, Indiana (2022)
Educational Attainment in Delaware County, Indiana (2022)
Age Distribution in Delaware County, Indiana
Citizen Population in Delaware County, Indiana (2022)
Political Trends & Data
In Delaware County, Indiana, the 2020 U.S. Presidential Election reflected a predominantly Republican leaning, with the party capturing 55.7% of the vote, while Democrats garnered 42.5%, suggesting a reasonably competitive political environment. Libertarians, although making a minor impact at 1.8%, highlighted the limited influence of third parties. This political landscape may signal voter trends that could affect local policy and economic decisions, potentially influencing the real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Delaware County, Indiana, the 2020 U.S. Presidential Election showed a prevailing Republican presence, with the party securing around 55.7% of the vote. Democrats followed with roughly 42.5%, indicating a significant, though not overwhelming, opposition. Libertarians made a modest impact, capturing about 1.8% of the votes, while other parties had no noticeable influence. This pattern underscores a pronounced yet potentially competitive political landscape.
55.67% of voters voted for the Republican party in the 2020 Presidential Election
42.49% of voters voted for the Democrat party in the 2020 Presidential Election
1.85% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Delaware County, Indiana, has seen its student-to-teacher ratio peak at 20 students per teacher in 2023, exceeding the national average of 14. Larger class sizes might suggest potential strains on educational resources and varying school funding. This could impact decisions by investors, real estate agents, potential residents, appraisers, and insurance agents when evaluating property values and long-term commitments in the... Read more
Student-to-teacher ratio in Delaware County, Indiana over the last 10 years
Delaware County, Indiana, has seen notable fluctuations in its student-to-teacher ratio over the past decade. The ratio peaked at 20 students per teacher in 2023, which could indicate larger class sizes and potential strains on educational resources compared to the national average of 14 students per teacher. Investors, real estate agents, and potential residents might view these trends as a signal of varying school funding and resource allocation, influencing their decisions when considering long-term commitments in the area. Appraisers and insurance agents may also find these patterns critical when assessing property values related to local schools' desirability and performance.
