Grant County Real Estate and Livability Trends
Grant County, Indiana has seen steady growth in real estate market indicators, with median home values reaching $109,300 in 2022, making it considerably more affordable than the state’s median of $183,600. Increased real estate taxes and shifting poverty rates, which peaked at 21.1% in 2016 and dropped to 12.9% in 2019, highlight a dynamic financial landscape that could attract new buyers and... Read more
Grant County Market Trends
Grant County, Indiana has seen a steady rise in median home values, reaching $109,300 in 2022, making it significantly more affordable compared to Indiana’s state median of $183,600 and the national median of $179,400. The increase in real estate taxes, from $1,103.68 in 2012 to $2,342.42 in 2021, coupled with fluctuating residential energy tax credits, underscores the evolving financial... Read more
Median Value of Occupied Housing Units in Grant County, Indiana Over the Last 8 Years
Grant County, Indiana has seen a steady increase in median home values over the past eight years, culminating in a value of $109,300 in 2022. When compared to the state of Indiana's median value of $183,600 in the same year, Grant County's values are significantly lower, providing potential affordability for new buyers or investors. Nationally, the median home value in 2022 was $179,400, further spotlighting Grant County as an attractive option for those seeking more economical housing options. This upward trend in home values, although still below state and national averages, indicates a growing market that may yield solid returns for future investments.
Residential Energy Tax Credit Per Tax Return in Grant County, IN Over the Last 9 Years
Grant County, Indiana has seen notable variability in residential energy tax credits per tax return over the past nine years. The average credit jumped sharply in 2018 to $1,587.50 from just $700.00 the previous year but has since stabilized, albeit still higher than earlier years, closing at $877.50 in 2021. This trend suggests enhanced incentives for energy-efficient improvements and growing homeowner investments in sustainable energy. These fluctuations are essential for potential investors, homeowners, builders, and insurance agents as they underscore the evolving landscape of energy efficiency initiatives and their financial implications for the residential sector.
Average Real Estate Taxes Per Tax Return in Grant County, IN Over the Last 10 Years
Real estate taxes in Grant County, Indiana, have shown an upward trajectory over the past decade, with notable increases from around $1,103.68 in 2012 to approximately $2,342.42 by 2021. Significant jumps are particularly observed post-2017, indicating potential policy changes or property value adjustments. This trend is essential for prospective homeowners, investors, and real estate agents, as it impacts the overall cost of property ownership and could influence decisions regarding investments, appraisals, insurance, and development projects in the area.
Percentage of Farm Returns in Grant County, IN Over the Last 10 Years
Over the last 10 years, the percentage of farm tax returns in Grant County, Indiana has shown resilience and slight fluctuations. From a high of approximately 1.51% in 2014, the percentage dipped to about 1.29%-1.30% in 2019 and 2020, before experiencing a minimal rise to 1.32% in 2021. Farm tax returns reflect the number of tax filings specifically related to agricultural operations, providing an indication of the active farming community's size and economic contributions. These trends could inform decisions for investors, potential residents, or those seeking to develop agricultural properties, highlighting a relatively stable farming presence despite minor year-to-year variations.
Number of Mortgages by Occupancy Type in Grant County, IN Over the Last 5 Years in Grant County
Over the past five years in Grant County, Indiana, there's a noticeable trend in mortgage counts with principal residences consistently dominating the market. This high demand for primary homes suggests a stable residential community, which can be attractive for investors and developers looking to tap into a reliable market. There's also a minor, yet discernible presence of investment properties and second residences, indicating opportunities for rental markets and vacation homes, albeit to a lesser extent. Fluctuations in these figures might hint at shifting economic conditions or changing demographics, valuable insights for real estate agents, appraisers, and insurance agents evaluating risk and value in the area.
Economic Outlook
Grant County, Indiana's average taxable income per tax return has steadily increased over the past decade, from about $40,903.19 in 2013 to around $52,770.69 in 2021, with significant growth occurring post-2016. Average state and local income taxes have more than doubled in the same period, rising from $5,251.82 in 2012 to $10,549.33 by 2021, which could impact financial planning for future residents. The total tax liability per tax return also saw a significant hike between 2020 and 2021.... Read more
Average Taxable Income per Tax Return in Grant County, IN over the last 9 years
Over the past nine years, the average taxable income per tax return in Grant County, Indiana has shown a steady increase, rising from approximately $40,903.19 in 2013 to about $52,770.69 in 2021. Notable growth occurred particularly from 2016 onwards, with a significant jump between 2020 and 2021. This upward trend could suggest economic improvement and may serve as an encouraging signal for potential investors, property developers, and new residents considering the area.
Average State and Local Income Taxes Per Tax Return in Grant County, IN Over the Last 10 Years
Grant County, Indiana has seen a notable rise in average state and local income taxes per tax return over the last decade. From $5,251.82 in 2012 to $10,549.33 in 2021, the increase underscores a sharp escalator in taxes, especially evident with the significant jump from 2017 to 2018. This spike is crucial for prospective residents and investors considering financial planning and cost of living impacts in the area.
Average Total Tax Liability Per Tax Return in Grant County, IN Over the Last 10 Years
The average total tax liability per tax return in Grant County, Indiana showed a general upward trend over the last decade. Starting at $5,732.79 in 2012, it rose fairly consistently to $7,303.10 in 2021. Noteworthy is the significant jump observed between 2020 and 2021, suggesting possible economic or policy changes. This upward movement could indicate an increase in income levels, property values, or changes in tax legislation, making Grant County an essential consideration for potential investors or those contemplating property development.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,068 | $1,299 | $1,779 | $1,232 | $972 |
| 1 adult 4 children | $1,068 | $1,061 | $1,360 | $1,232 | $1,035 |
| 2 adults 3 children | $1,068 | $1,061 | $1,544 | $1,232 | $802 |
| 1 adult 3 children | $1,068 | $866 | $1,125 | $1,232 | $822 |
| 2 adults 2 children | $826 | $869 | $1,309 | $1,077 | $724 |
| 1 adult 2 children | $826 | $649 | $890 | $1,077 | $623 |
| 2 adults 1 child | $826 | $687 | $1,074 | $573 | $672 |
| 1 adult 1 child | $826 | $443 | $655 | $573 | $553 |
| 2 adults | $658 | $552 | $839 | $0 | $569 |
| 1 adult | $592 | $301 | $420 | $0 | $468 |
Safety trends & Data
Grant County, Indiana's property crime rates have experienced notable fluctuations over the past five years, with a significant drop in larceny-theft from 236 incidents in 2018 to just 8 in 2021, before a slight rise to 36 in 2022. Burglary incidents mirrored this trend, falling from 51 in 2018 to 3 in 2021. Meanwhile, motor vehicle theft remained fairly stable, averaging three to four incidents annually. These shifts could impact property values and insurance rates, making this data... Read more
Property Crime Trends in Grant County, IN Over the Last 5 Years
Over the past five years, Grant County, Indiana has seen significant fluctuations in property crime, with larceny-theft typically leading in frequency. In 2018, larceny-theft peaked at 236 incidents, but by 2021 had dramatically plummeted to just 8 incidents before rising slightly to 36 in 2022. Burglary incidents followed a similar trend, starting at 51 in 2018 and dropping to a low of 3 in 2021. Interestingly, motor vehicle theft has remained relatively stable, averaging around three to four incidents per year. This data should be eye-opening for potential investors, real estate agents, and insurance appraisers, indicating a notable reduction in certain property crimes, which could influence property values and insurance rates.
Demographics
Grant County, Indiana shows a fairly balanced gender distribution in the adult population, with women outnumbering men by a slight margin. Educational attainment suggests a significant portion of the adult population has only achieved a high school diploma or some college education, which might indicate challenges in higher education access or economic barriers. Age distribution highlights a notable number of residents in the 55 to 64 years range, potentially signaling upcoming retirement waves... Read more
Race Distribution in Grant County, Indiana (2022)
Educational Attainment in Grant County, Indiana (2022)
Age Distribution in Grant County, Indiana
Citizen Population in Grant County, Indiana (2022)
Political Trends & Data
Grant County, Indiana, typically leans Republican, as seen in the 2020 U.S. Presidential Election where Republicans possibly secured around 68% of the vote. Democrats might have trailed significantly with nearly 30%, and minor parties like the Libertarian and Green parties seem to hold negligible influence, capturing just over 2% and a fraction of a percent, respectively. This conservative inclination could pose challenges for Democratic and third-party candidates in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grant County, Indiana, has shown a notable lean towards the Republican party in the 2020 U.S. Presidential Election, with Republicans possibly securing around 68% of the vote. Democrats, while significantly trailing, might have garnered nearly 30%. Minor parties such as the Libertarian and Green parties only seem to hold a negligible presence, capturing just over 2% and a fraction of a percent, respectively. This distribution perhaps indicates a strong conservative inclination within the county, highlighting potential challenges for Democratic and third-party candidates in future elections.
68.28% of voters voted for the Republican party in the 2020 Presidential Election
29.51% of voters voted for the Democrat party in the 2020 Presidential Election
2.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.01% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grant County, Indiana, has seen its student-to-teacher ratio drop from a high of 21 in 2019 to nearly 14 by 2023, falling below the national average. This improvement in education quality may make the area more appealing to potential residents and investors, likely boosting property values and community desirability. Lower ratios are often linked with better educational outcomes, which could also offer a positive signal for appraisers and insurance agents, potentially lowering risk profiles and... Read more
Student-to-teacher ratio in Grant County, Indiana over the last 10 years
Grant County, Indiana has experienced significant fluctuations in its student-to-teacher ratio over the past decade. In 2019, the ratio peaked at 21 students per teacher, but there's been a notable downward trend since then, reaching 14 students per teacher by 2022 and continuing to improve slightly in 2023 with a ratio of nearly 14. This is now lower than the current national average of 14 students per teacher. For investors, real estate agents, and potential residents, this downward trend could indicate improving education quality, making Grant County potentially more appealing. Lower student-to-teacher ratios often correlate with better educational outcomes, which can enhance property values and community desirability. Appraisers and insurance agents might also see this as a positive trend, potentially reducing risk profiles and enhancing the area's attractiveness for family-oriented investments.
