Gibson County Real Estate and Livability Trends
Gibson County, Indiana has seen a significant rise in median home values from $103,000.00 in 2015 to $159,700.00 by 2022, surpassing state and national averages. Residential energy tax credits spiked in 2017 and 2018, likely driven by investments in energy-efficient home improvements. Real estate taxes have surged since 2018, influencing buyer and investor cost calculations. Interestingly, the... Read more
Gibson County Market Trends
Gibson County, Indiana has seen a notable rise in median home values from $103,000 in 2015 to $159,700 by 2022, outpacing broader state and national trends. Residential energy tax credits per tax return spiked dramatically in 2017 and 2018, hinting at growing investment in energy-efficient home improvements. Real estate taxes have surged, particularly since 2018, bringing average taxes from... Read more
Median Value of Occupied Housing Units in Gibson County, Indiana Over the Last 8 Years
Gibson County, Indiana has seen a substantial increase in median home values over the past eight years. Starting at $103,000 in 2015, the value has risen to $159,700 by 2022. Interestingly, while this local trend mirrors the national and state increases, Gibson County's growth seems more pronounced especially in recent years. For context, Indiana's median home values rose from $124,200 to $183,600 in the same timeframe, and nationally, values moved from $125,500 to $179,400. This suggests Gibson County could be becoming a more attractive market for buyers and investors compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Gibson County, IN Over the Last 9 Years
In Gibson County, Indiana, the average residential energy tax credit per tax return has fluctuated significantly over the past nine years, indicating varied adoption and investment in energy-efficient home improvements. Notably, there was a marked increase in 2017 and an even more substantial spike in 2018, with credits averaging $1223.08 and $2833.33, respectively. Although the values dipped afterward, they remained relatively high compared to earlier years. This trend suggests a growing interest in energy efficiency, making it a potentially attractive area for investments in green technologies and energy-efficient housing solutions.
Average Real Estate Taxes Per Tax Return in Gibson County, IN Over the Last 10 Years
Over the past decade, Gibson County, Indiana has seen a noticeable rise in average real estate taxes per tax return, with a particularly sharp increase starting in 2018. Trending upwards from around $1,553.85 in 2012 to approximately $2,567.74 in 2021, the spike from 2018 onwards, where taxes jumped to over $2,500, highlights a significant cost consideration for potential investors, property builders, and homeowners. Understanding this upward trend is crucial for budgeting, long-term financial planning, and evaluating the overall cost of living in Gibson County.
Percentage of Farm Returns in Gibson County, IN Over the Last 10 Years
The past decade's farm tax return data for Gibson County, Indiana reveals relatively stable figures with slight fluctuations. Starting at 3.00% in 2012, the proportion sees minor dips and rises, landing at 2.46% by 2021. Farm tax returns highlight the economic role of agriculture in an area, factoring into investment decisions, potential development projects, and local property values. Those eyeing Gibson County might find these percentages intriguing as they reflect the relative consistency of the agricultural sector's contribution amidst broader economic conditions.
Number of Mortgages by Occupancy Type in Gibson County, IN Over the Last 5 Years in Gibson County
Gibson County, Indiana, has shown consistent demand for principal residences over the past five years, with the number of mortgages peaking particularly for these types of properties. Investment property mortgages have seen a slight decline, peaking in 2021, whereas second residence mortgages have remained relatively flat across the years. These trends matter to investors and insurers because a stronger market for principal residences could indicate stable or growing local economies and potentially lower risks. For real estate agents and appraisers, understanding the demand by occupancy type helps in accurately pricing homes and advising clients on investment opportunities. Builders might see an opportunity to cater to primary residence markets, while insurance agents might find these properties lower risk compared to high turnover investment properties.
Economic Outlook
Gibson County, Indiana, has experienced a noticeable rise in average taxable income per tax return, increasing from around $49,998.93 in 2013 to $62,724.08 in 2021. Additionally, the region's average state and local income taxes per return have surged from $4,343.87 in 2012 to $7,291.18 by 2021. These trends could indicate a bolstered economy and higher earnings, though the spiking tax liabilities, peaking at $8,563.16 in 2021, present a variable landscape for potential investors. Keeping an... Read more
Average Taxable Income per Tax Return in Gibson County, IN over the last 9 years
Over the past nine years, Gibson County, Indiana has seen a consistent increase in average taxable income per tax return. Starting from around $49,998.93 in 2013, the figures have gradually risen, reaching $62,724.08 in 2021. This upward trend suggests a potential strengthening of the local economy, which could be attractive for investors, new residents, and developers considering property ventures in the area.
Average State and Local Income Taxes Per Tax Return in Gibson County, IN Over the Last 10 Years
Gibson County, Indiana, has seen a notable upward trajectory in average state and local income taxes per tax return over the past decade. Starting from $4,343.87 in 2012, the numbers have surged, reaching $7,291.18 by 2021. This trend likely reflects both increased earnings within the county and potential changes in tax policies. For potential investors or new residents, this tax climate is crucial to consider, as it impacts disposable income and cost of living. Real estate developers and business owners should also keep these figures in mind when making long-term investment decisions in the area.
Average Total Tax Liability Per Tax Return in Gibson County, IN Over the Last 10 Years
Gibson County, Indiana has seen fluctuations in tax liabilities per return over the last decade. As of 2021, the average total tax liability per tax return reached $8,563.16, marking a substantial increase compared to the trend over the previous years. Investment and property development decisions may find these trends pertinent, especially considering the higher peaks and significant dips observed, such as in 2018 where the average fell to $7,020.73. This variability might signal shifting economic conditions or policy changes, offering a nuanced landscape for financial planning and investment strategies in the area.
Cost of Living in Gibson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,105 | $1,251 | $1,699 | $1,217 | $992 |
| 1 adult 4 children | $1,105 | $1,021 | $1,298 | $1,217 | $1,074 |
| 2 adults 3 children | $1,105 | $1,022 | $1,475 | $1,217 | $823 |
| 1 adult 3 children | $1,105 | $834 | $1,074 | $1,217 | $869 |
| 2 adults 2 children | $826 | $836 | $1,251 | $1,064 | $737 |
| 1 adult 2 children | $826 | $625 | $850 | $1,064 | $672 |
| 2 adults 1 child | $826 | $661 | $1,027 | $566 | $705 |
| 1 adult 1 child | $826 | $427 | $625 | $566 | $579 |
| 2 adults | $694 | $531 | $803 | $0 | $601 |
| 1 adult | $690 | $290 | $401 | $0 | $525 |
Safety trends & Data
In Gibson County, Indiana, property crime trends over the past five years reveal some interesting shifts. Larceny-theft arrests spiked to 65.0 in 2019 but plunged to just 2.0 by 2021, while burglary arrests dropped from 20.0 in 2018 to only 2.0 in 2021 and 2022. Motor vehicle thefts also showed a general decline, peaking at 11.0 in 2018 and dropping to zero in recent years. Vandalism incidents peaked at 11.0 in 2020 and nearly vanished by 2022. This could intrigue appraisers, insurance agents,... Read more
Property Crime Trends in Gibson County, IN Over the Last 5 Years
Over the past five years in Gibson County, Indiana, property crime trends have shown notable fluctuations. Larceny-theft incidents had a significant spike in 2019 with 65.0 arrests but decreased drastically to just 2.0 by 2021. Burglary arrests also saw a marked decrease from 20.0 in 2018 to only 2.0 in 2021 and 2022. Motor vehicle thefts experienced a general decline, peaking at 11.0 arrests in 2018 and dropping to zero in the last two reported years. Vandalism incidents have been relatively low, peaking at 11.0 in 2020 and almost disappearing by 2022. This reduction in arrests could intrigue appraisers, insurance agents, and potential investors considering the decline might reflect improved security measures or changing patterns in crime reporting.
Demographics
Gibson County, Indiana sees a fairly balanced gender distribution with male and female populations nearly equal. Educationally, there is a significant portion of residents with high school diplomas or some college experience, hinting at a community that values basic education but may not prioritize higher degrees. Age demographics show robust numbers in both younger (under 10 years) and older (55 to 64 years) groups, suggesting a need for varied community services. Racial composition is... Read more
Race Distribution in Gibson County, Indiana (2022)
Educational Attainment in Gibson County, Indiana (2022)
Age Distribution in Gibson County, Indiana
Citizen Population in Gibson County, Indiana (2022)
Political Trends & Data
In Gibson County, Indiana, the 2020 U.S. Presidential Election results showed a strong Republican preference, with nearly 75% of votes going to Republican candidates. Democrats received just under 25%, and Libertarians barely made a dent with less than 2%. This pronounced conservative tilt could hint at the county's broader political leanings and potential trends in upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gibson County, Indiana, seemed to heavily favor Republican candidates in the 2020 U.S. Presidential Election, with nearly three-quarters of votes going to this party. Democrats managed to secure just under a quarter of the vote, while Libertarians gained less than 2 percent. No significant support was shown for Green or other parties. The overwhelming Republican preference might highlight the county's general political leanings and potential implications for future elections.
73.12% of voters voted for the Republican party in the 2020 Presidential Election
24.89% of voters voted for the Democrat party in the 2020 Presidential Election
1.99% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Gibson County, Indiana has seen a decline in its student-to-teacher ratio from around 15 in 2015 to about 13 in 2023. This trend suggests potential improvements in education quality, which can be a significant factor for families, potentially increasing housing demand. For real estate agents, appraisers, and investors, this could mean a steady or growing value in the local education infrastructure, making Gibson County an appealing area given the national average stands at 14 students per... Read more
Student-to-teacher ratio in Gibson County, Indiana over the last 10 years
Gibson County, Indiana has experienced a gradual decline in its student-to-teacher ratio over the past decade. Starting from a peak of approximately 15 students per teacher in 2015, the ratio has gradually decreased to around 13 in 2023. While this trend might indicate smaller class sizes, which could signal an improved quality of education, it also bears relevance for potential homebuyers, real estate agents, and investors. Smaller class sizes can be appealing for families, potentially driving up demand for housing in the area, and are equally significant for appraisors and insurance agents assessing community values and risk. For those interested in building or investing in properties, this trend could hint at a steady or growing value in the local education infrastructure, making Gibson County an attractive area compared to the national average of 14 students per teacher.
