Floyd County Real Estate and Livability Trends
Floyd County, Indiana has seen a gradual rise in average taxable income per tax return, jumping from around $61,271.66 in 2013 to approximately $85,591.67 in 2021. This growth suggests enhanced economic stability and an increase in spending power, which could make the area more appealing for investors and home buyers. Meanwhile, median home values have also surged, rising from $156,300 in 2015 to... Read more
Floyd County Market Trends
Floyd County, Indiana has seen a robust increase in median home values, climbing from $156,300 in 2015 to $214,800 in 2022, outpacing state and national averages. Energy tax credits in the area have seen substantial spikes, notably in 2018, which could signal policy changes affecting homeowners' finances. Real estate taxes have also surged, from roughly $1,865.92 in 2012 to $3,408.29 in 2021,... Read more
Median Value of Occupied Housing Units in Floyd County, Indiana Over the Last 8 Years
Floyd County, Indiana has shown a robust increase in median home values over the last eight years, jumping from $156,300 in 2015 to $214,800 in 2022. This surge notably outpaces both the state of Indiana, where median values rose from $124,200 to $183,600, and the national trend, which climbed from $125,500 to $179,400 during the same period. This upward trajectory might make Floyd County particularly appealing for potential investors or new residents in the housing market.
Residential Energy Tax Credit Per Tax Return in Floyd County, IN Over the Last 9 Years
In Floyd County, Indiana, the average residential energy tax credit per tax return has shown both stability and significant spikes over the past nine years. Notably, there was a marked increase in 2018, where the credit shot up to $2285.71, compared to more modest averages in other years like $544.33 in 2014 and $607.69 in 2017. This variability indicates potential changes in local or federal energy policies or economic incentives which considerable to investors, real estate agents, and homeowners aiming to understand energy-saving financial benefits.
Average Real Estate Taxes Per Tax Return in Floyd County, IN Over the Last 10 Years
In Floyd County, Indiana, over the last decade, the average real estate taxes per return have shown a significant increase. Starting from approximately $1,865.92 in 2012, there's been a noticeable trend upward, reaching around $3,408.29 by 2021. This trend highlights a rising cost of property ownership in the area, which could impact decisions for potential homebuyers, investors, and those involved in property appraisal and insurance. An especially sharp rise is observed between 2017 and 2018, a period where the average taxes jumped from roughly $2,111.27 to $2,969.02.
Percentage of Farm Returns in Floyd County, IN Over the Last 10 Years
The percentage of farm tax returns in Floyd County, Indiana, has shown a gradual decline over the past decade. In 2012, the rate was approximately 0.95%, while by 2021, it had fallen to around 0.72%. Farm tax returns are documents filed by farmers and agricultural businesses to report income and claim eligible deductions, which can impact local economic planning and agricultural investment. This downward trend could suggest shifting economic activities or demographic changes in the area, which might be crucial for those considering investments, property development, or relocation in Floyd County.
Number of Mortgages by Occupancy Type in Floyd County, IN Over the Last 5 Years in Floyd County
Analyzing mortgage trends in Floyd County, Indiana over the last five years, we observe that principal residences consistently dominate the market, peaking in 2021 at 6,820 mortgages but dropping to 4,145 in 2022. Investment properties and second residences have relatively stable numbers, with investment properties fluctuating slightly around the 200 mark annually and second residences hovering in the lower double digits. These shifts may hint at broader socio-economic trends, such as fluctuating job markets or changing lifestyle preferences, which could influence property values, risk assessments for insurance agents, and investment strategies. For prospective homebuyers and developers, the drop in primary residence mortgages in 2022 might indicate either a cooling market or potential opportunities for new development. The relatively steady interest in investment properties suggests sustained confidence in the local rental or resale markets.
Economic Outlook
Floyd County, Indiana has experienced a gradual increase in average taxable income per tax return over the past nine years, climbing from around $61,271.66 in 2013 to roughly $85,591.67 in 2021. The significant income growth, particularly the spike between 2019 and 2021, might indicate enhanced economic stability and spending power, making it an attractive spot for investors and home buyers. Concurrently, average state and local income taxes have surged from $5,957.90 in 2012 to $12,507.25 in... Read more
Average Taxable Income per Tax Return in Floyd County, IN over the last 9 years
Floyd County, Indiana has seen a gradual increase in average taxable income per tax return over the past nine years, rising from around $61,271.66 in 2013 to approximately $85,591.67 in 2021. The steady growth in income levels may attract potential investors and home buyers, as higher incomes generally correlate with enhanced economic stability and spending power in the region. The notable jump between 2019 and 2021, culminating in a peak in 2021, suggests a positive economic trend, potentially influenced by factors such as employment opportunities and local investments.
Average State and Local Income Taxes Per Tax Return in Floyd County, IN Over the Last 10 Years
Over the last decade, Floyd County, Indiana has seen a significant increase in average state and local income taxes per tax return, rising from $5,957.90 in 2012 to $12,507.25 in 2021. This consistent upward trend highlights a notable fiscal shift which could impact economic planning, investment strategies, and residential desirability in the area. If you're considering moving to or investing in Floyd County, understanding this tax trajectory is crucial as it directly affects cost of living and potential returns.
Average Total Tax Liability Per Tax Return in Floyd County, IN Over the Last 10 Years
Floyd County, Indiana has seen a noticeable increase in the average total tax liability per tax return over the past decade, reaching as high as $14,589.97 in 2021 after a gradual rise from $9,903.40 in 2012. This trend suggests a growing economic base, potentially signaling opportunities for investment and property development. For those considering a move, it's important to note this uptick in tax obligations which may reflect changes in local incomes or property values.
Cost of Living in Floyd County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,288 | $1,416 | $1,689 | $1,711 | $1,288 |
| 1 adult 4 children | $1,288 | $1,156 | $1,298 | $1,711 | $1,386 |
| 2 adults 3 children | $1,288 | $1,156 | $1,462 | $1,711 | $1,065 |
| 1 adult 3 children | $1,288 | $944 | $1,071 | $1,711 | $1,165 |
| 2 adults 2 children | $972 | $947 | $1,235 | $1,505 | $898 |
| 1 adult 2 children | $972 | $707 | $844 | $1,505 | $880 |
| 2 adults 1 child | $972 | $748 | $1,008 | $839 | $818 |
| 1 adult 1 child | $972 | $483 | $617 | $839 | $699 |
| 2 adults | $809 | $601 | $781 | $0 | $648 |
| 1 adult | $717 | $328 | $391 | $0 | $524 |
Safety trends & Data
Floyd County, Indiana, has seen varying trends in property crime over the last five years. Larceny-theft cases peaked in 2020 at 123.0 incidents but stabilized to 57.0 in 2022. Motor vehicle theft has steadily increased from 3.0 in 2018 to 19.0 in 2022. Fraud incidents reached 8.0 in 2020 but dropped to 4.0 by 2022, and burglary arrests spiked at 11.0 in 2020 before settling at 7.0 by 2022. These fluctuations highlight an evolving challenge in specific property crimes, which could be crucial... Read more
Property Crime Trends in Floyd County, IN Over the Last 5 Years
Over the last five years, Floyd County, Indiana, has experienced notable fluctuations in property crime, with larceny-theft cases peaking in 2020 at 123.0 incidents but later stabilizing to 57.0 in 2022. Motor vehicle theft has gradually increased, with values ranging from 3.0 in 2018 to a high of 19.0 in 2022. Fraud incidents also show variability, reaching up to 8.0 in 2020 but dipping to 4.0 by 2022. While burglary arrests spiked at 11.0 in 2020, they settled back to 7.0 by 2022. These trends may indicate an evolving challenge in specific property crimes, valuable for investors, insurers, and residents to consider.
Demographics
The population of Floyd County, Indiana suggests a slightly higher number of females than males. In terms of education, high school graduates form the largest group, but it’s worth noting that a significant portion has attended some college or holds advanced degrees, indicating a relatively educated populace. Age distribution shows a balanced spread, though a notable density exists in the 25-64 year bracket, reflecting a workforce-driven demographic. The racial composition is predominantly... Read more
Race Distribution in Floyd County, Indiana (2022)
Educational Attainment in Floyd County, Indiana (2022)
Age Distribution in Floyd County, Indiana
Citizen Population in Floyd County, Indiana (2022)
Political Trends & Data
Floyd County, Indiana, leans Republican with around 56% of the 2020 U.S. Presidential Election votes favoring the GOP. Democrats captured about 42%, showing a considerable presence, yet not enough to challenge the Republican stronghold. Third parties, including the Libertarian Party, had minimal impact, hinting at a stable two-party system with little sway from smaller political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Floyd County, Indiana, appears to lean Republican, with roughly 56% of the votes in the 2020 U.S. Presidential Election going to the GOP. Democrats secured about 42%, indicating a significant, but not overwhelming, presence. Third parties like the Libertarian Party garnered a small fraction of the vote, while the Green Party and others barely registered. This distribution could suggest a fairly stable two-party system in the region, with limited influence from smaller political groups.
55.98% of voters voted for the Republican party in the 2020 Presidential Election
41.89% of voters voted for the Democrat party in the 2020 Presidential Election
2.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.06% of voters voted for the Green party in the 2020 Presidential Election
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Floyd County, Indiana has seen a noteworthy drop in its student-to-teacher ratio, going from around 21 students per teacher in 2014 to about 14 per teacher in 2023. This aligns more closely with the national average, suggesting improved educational quality and increased community investment in local schools. This trend could positively impact property values, as better educational outcomes are often attractive to potential buyers and... Read more
Student-to-teacher ratio in Floyd County, Indiana over the last 10 years
Floyd County, Indiana has seen a significant reduction in its student-to-teacher ratio over the past decade, dropping from around 21 students per teacher in 2014 to approximately 14 students per teacher in 2023. This dramatic drop, particularly in the last few years, indicates an improved educational environment that aligns more closely with the current national average of 14 students per teacher. For investors, real estate agents, or anyone considering a move, this trend may reflect positively on local educational quality and community investment in schools. Moreover, this could be an appealing factor for appraisers and insurance agents when evaluating property values, as it often correlates with more personalized student attention and potentially better educational outcomes, contributing to the overall appeal of the area.
