Dubois County Real Estate and Livability Trends
Dubois County, Indiana, reveals a curious balance of rising incomes and escalated taxes; average taxable income hit $81,242.93 in 2021, but state and local taxes surged from $7,200.00 to $20,031.34 over ten years, which might affect housing affordability. Median home values jumped from $137,700 in 2015 to $187,000 in 2022, outperforming state and national averages, while real estate taxes rose... Read more
Dubois County Market Trends
Dubois County, Indiana, has seen a rise in median home values from $137,700 in 2015 to $187,000 in 2022, outpacing both the state and national medians. Residential energy tax credits peaked notably at $3,233.33 in 2018, indicating sporadic energy-efficient investments. Real estate taxes per return surged from $2,064.80 in 2012 to $4,493.33 in 2020, reflecting potential property value increases... Read more
Median Value of Occupied Housing Units in Dubois County, Indiana Over the Last 8 Years
Dubois County, Indiana, has seen a steady increase in median home values over the past eight years, culminating in a rise from $137,700 in 2015 to $187,000 in 2022. This local market trajectory mirrors state trends, albeit at slightly higher values compared to Indiana's median home value of $183,600 in 2022. Nationally, Dubois County's 2022 median home value surpasses the U.S. median of $179,400, making it an appealing consideration for those eyeing robust investment potential or desiring residence in a growth-oriented community.
Residential Energy Tax Credit Per Tax Return in Dubois County, IN Over the Last 9 Years
Dubois County, Indiana has seen fluctuating average residential energy tax credits per tax return over the past nine years, peaking notably in 2018 at $3233.33. This spike might attract investors and developers looking to leverage potential tax benefits, signaling periodic bursts of energy-efficient home investments. However, the credit amounts have otherwise shown significant variability, such as the $1154.00 average in 2016 dropping to $812.00 in 2019. This variability highlights the county's evolving approach to energy-efficient upgrades, offering insights for appraisers, insurance agents, and real estate professionals considering the area's market dynamics.
Average Real Estate Taxes Per Tax Return in Dubois County, IN Over the Last 10 Years
Over the past decade, Dubois County, Indiana has experienced a noticeable upward trend in average real estate taxes per tax return. Starting at approximately $2,064.80 in 2012, these taxes saw a marked jump, particularly post-2016, escalating to a high of around $4,493.33 in 2020. This trend suggests increasing property values and possibly a growing investment in local infrastructure, making it an area to watch for real estate investors and those looking to build or appraise properties. Insurance agents should also note the rising tax implications when assessing property values in the region.
Percentage of Farm Returns in Dubois County, IN Over the Last 10 Years
Dubois County in Indiana has seen a slight but steady decline in the percentage of farm tax returns over the past decade, decreasing from approximately 3.53% in 2012 to around 2.97% in 2021. Farm tax returns refer to the portion of overall tax filings that are classified as originating from agricultural activities, often serving as a barometer for local agricultural health and economic stability. For potential investors or those interested in agricultural investment, this trend could suggest a shift in the economic landscape, possibly indicating either a reduction in farm-based operations or a rise in alternative industries that may be more prevalent or lucrative.
Number of Mortgages by Occupancy Type in Dubois County, IN Over the Last 5 Years in Dubois County
In Dubois County, Indiana, over the past five years, there has been a steady dominance in the number of mortgages for principal residences, peaking in 2020 with 2,079 mortgages. Investment property mortgages have remained relatively low but consistent, showing a slight uptick from 36 in 2018 to 42 in 2022. Mortgages for second residences have seen minimal activity, with numbers never exceeding 18 annually. These trends might indicate a strong preference and support for homeownership in primary residences, possibly suggesting stable community growth. For potential investors, understanding the subdued activity in the investment and second residence sectors could influence decisions on property investments or developments, highlighting a potentially untapped market. Real estate agents and insurance agents might also find these insights vital for targeting and advising clients effectively.
Economic Outlook
Dubois County, Indiana has experienced a steady climb in average taxable income per tax return, reaching $81,242.93 in 2021, indicating a potentially stronger local economy. However, this upward trend in income is accompanied by a significant rise in state and local income taxes, escalating from $7,200.00 to $20,031.34 over the past decade, which might affect investment and living choices. Despite some fluctuations in total tax liability, the recent consistency around $11,000 to $13,000... Read more
Average Taxable Income per Tax Return in Dubois County, IN over the last 9 years
Dubois County, Indiana has seen a consistent upward trajectory in average taxable income per tax return over the past nine years, peaking at $81,242.93 in 2021. This trend suggests a strengthening local economy that could appeal to potential investors and developers. Despite minor fluctuations, the general increase in income levels may signal enhanced economic opportunities and quality of life improvements for current and prospective residents.
Average State and Local Income Taxes Per Tax Return in Dubois County, IN Over the Last 10 Years
Over the last decade, Dubois County, Indiana, has seen a significant increase in average state and local income taxes per tax return, rising from $7,200.00 in 2012 to $20,031.34 in 2021. This marked rise, especially from 2018 onwards, highlights a drastic shift in the financial landscape, which could impact investment and living decisions. For those considering property endeavors, this uptick reflects the growing fiscal responsibilities that accompany economic developments in the area.
Average Total Tax Liability Per Tax Return in Dubois County, IN Over the Last 10 Years
The average total tax liability per tax return in Dubois County, Indiana over the last decade has shown some fluctuations, peaking in 2015 at $13,640.60. After a subsequent dip, the liability per return has generally remained around $11,000 to $13,000 in recent years. These trends might suggest a relatively stable economic environment with occasional increases, potentially linked to broader economic cycles. Investors or potential residents could view this stability as a sign of robust local employment and income levels, offering a consistent fiscal landscape with respect to tax liabilities.
Cost of Living in Dubois County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,094 | $1,267 | $1,738 | $1,261 | $1,035 |
| 1 adult 4 children | $1,094 | $1,035 | $1,328 | $1,261 | $1,121 |
| 2 adults 3 children | $1,094 | $1,035 | $1,509 | $1,261 | $855 |
| 1 adult 3 children | $1,094 | $845 | $1,099 | $1,261 | $915 |
| 2 adults 2 children | $826 | $847 | $1,279 | $1,102 | $769 |
| 1 adult 2 children | $826 | $633 | $869 | $1,102 | $709 |
| 2 adults 1 child | $826 | $670 | $1,050 | $587 | $730 |
| 1 adult 1 child | $826 | $432 | $640 | $587 | $615 |
| 2 adults | $628 | $538 | $820 | $0 | $611 |
| 1 adult | $576 | $293 | $410 | $0 | $500 |
Safety trends & Data
Dubois County, Indiana experienced notable drops in property crime from 2018 to 2022, particularly in larceny-theft and burglary incidents. Larceny-theft peaked at 76.0 incidents in 2019 but fell to 35.0 in 2022, and burglary decreased from 13.0 in 2018 to just 3.0 in 2022. Lesser-reported crimes like forgery, fraud, and vandalism show sporadic spikes without consistent trends. This potentially improving safety landscape could inform investment decisions and risk assessments for both real... Read more
Property Crime Trends in Dubois County, IN Over the Last 5 Years
Dubois County, Indiana has seen notable fluctuations in property crime over the past five years, with a significant drop in overall incidents from 2018 to 2022. Larceny-Theft remains the most common crime, peaking at 76.0 incidents in 2019 and declining to 35.0 in 2022. Burglary, starting at 13.0 in 2018, also saw a reduction, hitting just 3.0 incidents in 2022. Meanwhile, motor vehicle thefts have remained relatively low and steady. Lesser-reported crimes such as forgery, fraud, and vandalism show occasional spikes but do not trend consistently. For investors and real estate professionals, understanding these trends may suggest a gradually improving safety climate, while insurance agents might consider adjusting premiums accordingly based on these historical data points.
Demographics
In Dubois County, Indiana, the population reflects a near-even split between males and females. The majority of adults have completed high school, with a significant portion having pursued higher education, either some college or a degree. Age-wise, there's a notable concentration of individuals in the 55 to 64 years bracket, which could suggest an aging population trend. The county is predominantly White, with very modest representation from other racial groups, the largest minority being... Read more
Race Distribution in Dubois County, Indiana (2022)
Educational Attainment in Dubois County, Indiana (2022)
Age Distribution in Dubois County, Indiana
Citizen Population in Dubois County, Indiana (2022)
Political Trends & Data
Dubois County, Indiana, saw a decisive lean towards the Republican party in the 2020 U.S. Presidential Election, with about 69% of the votes. Democrats were significantly behind with approximately 29%, and Libertarians barely made an impact at under 2%. These trends suggest a strong conservative presence in the area, which might influence local real estate preferences and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dubois County, Indiana, the 2020 U.S. Presidential Election results hinted at a strong inclination towards the Republican party, which garnered nearly 69% of the votes. Meanwhile, the Democratic candidates captured around 29%, significantly trailing behind. Libertarian support was minimal, hovering just below 2%, and other parties barely made a dent in voter preference. These figures could suggest a prevailing conservative sentiment among Dubois County residents.
69.05% of voters voted for the Republican party in the 2020 Presidential Election
28.90% of voters voted for the Democrat party in the 2020 Presidential Election
1.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Dubois County, Indiana, has seen its student-to-teacher ratio fluctuate from 18 students per teacher in 2014 to 16 in 2023, still higher than the national average of 14. This suggests more crowded classrooms and potentially impacts property values and community attractiveness due to perceived educational investment and resources. These ratios can provide valuable insights for appraisers and insurance agents assessing risk profiles and investment... Read more
Student-to-teacher ratio in Dubois County, Indiana over the last 10 years
Over the last decade, the student-to-teacher ratio in Dubois County, Indiana has shown fluctuations, starting at 18 students per teacher in 2014 and moving to 16 in 2023. While this ratio is higher than the national average of 14 students per teacher, it suggests that classrooms in Dubois County may be more crowded compared to the rest of the United States. For potential investors, residents, or real estate professionals, understanding these ratios could indicate the level of educational investment and resources available, which might impact property values and community attractiveness. Normalizing these ratios can help appraisers and insurance agents evaluate risk profiles and investment potential in the area.
