Hancock County Real Estate and Livability Trends
Hancock County, Indiana's real estate market is on the upward trend with median home values leaping from $156,300 in 2015 to $235,500 in 2022, hinting at robust growth. The rising property taxes, peaking at around $3,143.55 in 2020, indicate a flourishing local market. The decline in farm tax returns, from 1.68% in 2012 to 1.14% in 2021, signals a possible shift away from agriculture, potentially... Read more
Hancock County Market Trends
Hancock County, Indiana's housing market has seen a striking rise, with median home values surging from $156,300 in 2015 to $235,500 in 2022, outpacing both state and national growth rates. Correspondingly, real estate taxes have shown an upward trend, peaking at roughly $3,143.55 in 2020, pointing towards a thriving local market. Meanwhile, fluctuations in residential energy tax credits,... Read more
Median Value of Occupied Housing Units in Hancock County, Indiana Over the Last 8 Years
The median home values in Hancock County, Indiana have shown remarkable growth over the past eight years, surging from $156,300 in 2015 to $235,500 in 2022. Comparatively, the median home values at the state and national levels have been consistently lower, with Indiana's values rising from $124,200 to $183,600 and national values from $125,500 to $179,400 over the same timeframe. This significant increase in Hancock County outpaces both state and national trends, potentially signaling a stronger local economy or increased demand for housing in the area. For those looking to invest, move, or build in Hancock County, this steady upward trend might indicate a promising real estate market with robust potential for property value appreciation.
Residential Energy Tax Credit Per Tax Return in Hancock County, IN Over the Last 9 Years
The average residential energy tax credit per tax return in Hancock County, Indiana has shown significant fluctuations over the past nine years. There was a notable increase from $301.57 in 2013 to $487.50 in 2017, followed by a sharp spike to $1,771.43 in 2018. Recent years have seen more stability, with averages around $600.00-$800.00. These trends might reflect increased investments in energy-efficient home improvements or fluctuating incentives, which could be relevant for investors and homeowners prioritizing sustainable living and cost savings.
Average Real Estate Taxes Per Tax Return in Hancock County, IN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Hancock County, Indiana have shown a generally upward trend. Starting around $2,022.98 in 2012, there was a notable spike to about $2,866.42 in 2018, with taxes peaking at roughly $3,143.55 in 2020. This trend may suggest a growing local real estate market, likely driven by rising property values and increased investment interest. For potential investors, this signals a potentially appreciating asset base. Real estate agents, appraisers, and insurance agents might also find this trend indicative of Hancock County’s evolving economic landscape and property market dynamics.
Percentage of Farm Returns in Hancock County, IN Over the Last 10 Years
Hancock County, Indiana has seen a gradual yet consistent decline in the percentage of farm tax returns over the last decade, shifting from 1.68% in 2012 to 1.14% in 2021. This trend might suggest a decrease in farming activities relative to other sectors, potentially signaling opportunities for diversification into non-agricultural developments. Investors and those looking to build or move to the area should take note of this shift, as it could impact local economic dynamics and property values.
Number of Mortgages by Occupancy Type in Hancock County, IN Over the Last 5 Years in Hancock County
Hancock County, Indiana, has seen a marked fluctuation in the number of mortgages by occupancy type over the past five years. Principal residences dominate with counts consistently numbering in the thousands, peaking in 2021. Investment properties have shown a steady though much smaller volume, and second residences are negligible by comparison. These shifts could indicate varying levels of demand and risk profiles for properties in the area, directly affecting property valuations, investment potential, and insurance premiums. It's crucial for investors, real estate agents, and insurance agents to track these patterns as they may signal broader economic trends or shifts in local demographics.
Economic Outlook
Hancock County, Indiana has experienced a steady rise in the average taxable income per tax return, jumping from $61,425.04 in 2013 to $81,508.71 by 2021. This gradual increase might indicate economic growth and a more affluent community, appealing to investors and potential residents. Concurrently, state and local income taxes have also surged, with a significant hike between 2017 and 2018 from $6,334.22 to $9,510.21, reaching $10,257.94 by 2021. The total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Hancock County, IN over the last 9 years
Over the past nine years, Hancock County, Indiana has generally seen a steady increase in the average taxable income per tax return. Starting at around $61,425.04 in 2013, it climbed to approximately $81,508.71 by 2021. This upward trend could suggest economic growth and potentially a more affluent community, making the county an interesting consideration for investors and potential residents alike. With rising incomes, there may be greater consumer spending, which can improve local businesses and overall economic health.
Average State and Local Income Taxes Per Tax Return in Hancock County, IN Over the Last 10 Years
State and local income taxes per tax return in Hancock County, Indiana, have shown a significant upward trend over the last decade, rising from $5,390.82 in 2012 to $10,257.94 in 2021. The most notable surge occurred between 2017 and 2018, with taxes jumping from $6,334.22 to $9,510.21. This trend is essential for prospective investors and residents, indicating a growing tax burden that could impact financial planning and cost of living considerations.
Average Total Tax Liability Per Tax Return in Hancock County, IN Over the Last 10 Years
Hancock County, Indiana has experienced a noticeable fluctuation in its average total tax liability per tax return over the past decade. From 2012 to 2021, the liability ranged from approximately $9,379.04 to $12,349.22, with a notable peak in 2021. This trend suggests a slowly increasing tax burden, which could influence decisions for those looking to invest or settle in the area. A higher tax liability often points to rising incomes or property values, potentially making Hancock County a place of growing economic opportunity while also requiring careful consideration of the personal financial impact for prospective residents.
Cost of Living in Hancock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,360 | $1,387 | $1,807 | $1,774 | $1,413 |
| 1 adult 4 children | $1,360 | $1,133 | $1,390 | $1,774 | $1,524 |
| 2 adults 3 children | $1,360 | $1,133 | $1,564 | $1,774 | $1,180 |
| 1 adult 3 children | $1,360 | $925 | $1,147 | $1,774 | $1,296 |
| 2 adults 2 children | $1,037 | $928 | $1,321 | $1,561 | $975 |
| 1 adult 2 children | $1,037 | $693 | $904 | $1,561 | $984 |
| 2 adults 1 child | $1,037 | $733 | $1,078 | $870 | $884 |
| 1 adult 1 child | $1,037 | $474 | $661 | $870 | $758 |
| 2 adults | $873 | $589 | $835 | $0 | $699 |
| 1 adult | $751 | $321 | $418 | $0 | $555 |
Safety trends & Data
Larceny-theft shows the highest frequency among property crimes in Hancock County, Indiana, peaking at 126 incidents in 2020. Burglary numbers are decreasing, dropping to just 3 incidents by 2022. Motor vehicle thefts have been fluctuating but seem to be on the rise, hitting 18 incidents in 2022. Instances of fraud and vandalism remain fairly stable, while arson and embezzlement appear sporadically. This information might suggest areas of focus for law enforcement and could affect investment... Read more
Property Crime Trends in Hancock County, IN Over the Last 5 Years
Larceny-theft consistently shows the highest frequency among property crimes in Hancock County, Indiana, with a notable peak at 126 incidents in 2020. Burglary numbers indicate a declining trend, dropping to just 3 incidents by 2022. Motor vehicle thefts exhibit fluctuations but have shown an upward trajectory, with a significant increase to 18 incidents in 2022. Instances of fraud and vandalism maintain relatively stable yet moderate figures, while more niche crimes like arson and embezzlement appear sporadically. This data may suggest potential target areas for law enforcement and could influence investment and insurance decisions.
Demographics
The adult population in Hancock County, Indiana, shows a near balance between males and females. Educational levels indicate a strong emphasis on high school completion, with a noticeable segment attaining a bachelor's degree. When looking at age distribution, there's a balanced mix across various age groups, with slight peaks in the 35-54 years range. Racially, the county is predominantly White, with smaller representations from other racial groups. This data suggests a community that values... Read more
Race Distribution in Hancock County, Indiana (2022)
Educational Attainment in Hancock County, Indiana (2022)
Age Distribution in Hancock County, Indiana
Citizen Population in Hancock County, Indiana (2022)
Political Trends & Data
Hancock County, Indiana's political landscape could hint at a predominantly conservative real estate market. With Republicans potentially capturing about 67% of the vote in the last presidential election and Democrats around 30%, property investments here might align more with conservative economic values and community preferences. The marginal influence of Libertarians and third parties, each getting less than 2.4%, emphasizes a limited appetite for alternative political views in this region,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hancock County, Indiana, the 2020 U.S. Presidential Election results might suggest a strong Republican presence, with approximately 67% of the vote. Democrats possibly garnered around 30%, while Libertarians displayed minimal influence with just under 2.4%. Green Party and other candidates likely had a negligible impact, each receiving roughly 0.005%. This distribution could indicate a predominantly conservative voter base with marginal support for third parties.
67.57% of voters voted for the Republican party in the 2020 Presidential Election
30.05% of voters voted for the Democrat party in the 2020 Presidential Election
2.37% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Hancock County, Indiana’s student-to-teacher ratio has generally exceeded the national average of 14 students per teacher, peaking at around 20 in 2015 and now sitting at approximately 19. This trend may suggest improvements in educational conditions or policy adjustments, which could influence property values and community development. For real estate agents and families considering a move, these ratios provide insights into local education quality and classroom attention, important factors... Read more
Student-to-teacher ratio in Hancock County, Indiana over the last 10 years
Hancock County, Indiana has seen some fluctuations in its student-to-teacher ratio over the past decade, with numbers generally exceeding the national average of 14 students per teacher. Ratios peaked in 2015 at around 20 but have gradually decreased to approximately 19 in recent years, a sign of potentially improving educational conditions or adjustments in education policy. For those looking to invest, relocate, or build in Hancock County, understanding these ratios may give insights into the local education system's capacity and quality, which can influence property values and community development. Plenty of students per teacher may also affect classroom attention and education quality, which is critical for young families considering a move to the area. Real estate agents and appraisers might also find these figures useful when assessing the appeal and marketability of homes in Hancock County.
