Harrison County Real Estate and Livability Trends
In Harrison County, Indiana, the rise in average taxable income from $47,563.66 in 2013 to $66,588.93 in 2021, alongside climbing state and local income taxes, hints at a flourishing local economy, attractive for investments. Median home values have risen sharply to $202,900 in 2022, outpacing state and national trends, which may be linked to increased spending on energy-efficient home... Read more
Harrison County Market Trends
Median home values in Harrison County, Indiana, have seen a sharp rise, from $129,300 in 2015 to $202,900 in 2022, outpacing state and national trends. Significant peaks in the residential energy tax credit in 2018 and 2021 suggest heightened investments in energy-efficient improvements. The increase in average real estate taxes per tax return, reaching about $2,480.00 in 2021, may reflect rising... Read more
Median Value of Occupied Housing Units in Harrison County, Indiana Over the Last 8 Years
Median home values in Harrison County, Indiana have experienced a significant upswing over the past eight years, climbing from $129,300 in 2015 to $202,900 in 2022. This growth outpaces both state and national trends, where Indiana saw an increase from $124,200 to $183,600, and the United States from $125,500 to $179,400 over the same period. Such a rapid appreciation could imply rising demand and potential for strong return on investment for prospective buyers, while also indicating increasing housing costs for current and future residents in the area.
Residential Energy Tax Credit Per Tax Return in Harrison County, IN Over the Last 9 Years
Over the past nine years, Harrison County, Indiana has seen a notable fluctuation in the average residential energy tax credit per tax return. It's clear that 2018 and 2021 stand out with significant peaks at $1,200.00 and $1,028.00 respectively, compared to a more stable range around $500.00 to $600.00 in other years. This trend suggests increased investments or incentives related to energy-efficient improvements in certain years, which could be attractive for potential investors, real estate agents, and homeowners looking to capitalize on energy rebates and tax credits.
Average Real Estate Taxes Per Tax Return in Harrison County, IN Over the Last 10 Years
In Harrison County, Indiana, the past decade has shown a notable increase in average real estate taxes per tax return. Starting at approximately $1,208.92 in 2012, there has been a significant rise, particularly from 2017 onwards, reaching about $2,480.00 in 2021. This upward trend could suggest rising property values or changes in local tax policies, making it an essential consideration for potential investors and residents. Those involved in the real estate market, such as agents and appraisers, will find this data pertinent as it may impact property affordability and the overall market dynamics in the county.
Percentage of Farm Returns in Harrison County, IN Over the Last 10 Years
Over the past decade, Harrison County in Indiana has shown a gradual decrease in the percentage of farm tax returns, dropping from approximately 6.72% in 2012 to around 4.75% in 2021. These returns capture the portion of tax filings that include farm income, reflecting trends in local agricultural activity and economic diversification. For potential investors, property developers, and residents, this decline might hint at shifts toward other sectors or changes in the agricultural landscape, impacting land use and local economic dynamics.
Number of Mortgages by Occupancy Type in Harrison County, IN Over the Last 5 Years in Harrison County
Harrison County, Indiana, has seen fluctuations in mortgage counts over the past five years with a consistent predominance of principal residence mortgages, experiencing a peak in 2020. Investment properties have remained relatively stable but low, suggesting this market is less driven by real estate investors. Second residences hold minimal numbers, indicating limited demand for vacation or secondary homes. For investors and builders, understanding these trends could mean focusing more on primary housing developments. Appraisers and insurance agents should note the significant role of principal residences for accurate market assessments and informed policy offerings. Real estate agents may find a higher demand in family-centered housing rather than investment-based purchases.
Economic Outlook
Harrison County, Indiana has experienced consistent growth in average taxable income per tax return, rising from $47,563.66 in 2013 to $66,588.93 in 2021. This trend underscores a potentially strong local economy and makes the area attractive for investment. Meanwhile, state and local income taxes have increased significantly, from $4,386.52 in 2012 to $8,571.19 in 2021, highlighting evolving tax environments likely tied to economic shifts and local government needs. The average total tax... Read more
Average Taxable Income per Tax Return in Harrison County, IN over the last 9 years
Over the past nine years, Harrison County, Indiana has seen a steady increase in average taxable income per tax return, starting from $47,563.66 in 2013 to $66,588.93 in 2021. This upward trend highlights a potentially growing and prosperous local economy, which could be attractive for those considering investing, moving, or building property in the area. The significant jump in 2021 could suggest recent economic improvements or shifts worth exploring further.
Average State and Local Income Taxes Per Tax Return in Harrison County, IN Over the Last 10 Years
Harrison County, Indiana has seen a significant increase in state and local income taxes per tax return over the past decade. Starting at $4,386.52 in 2012, this figure climbed steadily to $5,324.81 by 2017 before jumping sharply to $6,957.69 in 2018 and reaching $8,571.19 by 2021. This continuous growth highlights an evolving tax landscape, pointing to broader economic shifts and possibly increased local government funding needs. If you're considering investing, moving, or building property in Harrison County, understanding these tax trends is crucial for financial planning.
Average Total Tax Liability Per Tax Return in Harrison County, IN Over the Last 10 Years
Over the last decade in Harrison County, Indiana, the average total tax liability per return has shown a general upward trajectory, most notably jumping to $9,531.54 in 2021 after hovering around the $7,500 mark in recent years. This trend could signal increasing property values, rising incomes, or changes in local tax policies, which may be of interest to potential investors or those looking to move to the area. The notable hike in 2021 suggests a significant economic shift that warrants further exploration for those considering financial commitments in the region.
Cost of Living in Harrison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,217 | $1,239 | $1,689 | $1,663 | $1,231 |
| 1 adult 4 children | $1,217 | $1,012 | $1,298 | $1,663 | $1,338 |
| 2 adults 3 children | $1,217 | $1,012 | $1,462 | $1,663 | $1,020 |
| 1 adult 3 children | $1,217 | $826 | $1,071 | $1,663 | $1,125 |
| 2 adults 2 children | $918 | $828 | $1,235 | $1,464 | $878 |
| 1 adult 2 children | $918 | $619 | $844 | $1,464 | $864 |
| 2 adults 1 child | $918 | $655 | $1,008 | $815 | $806 |
| 1 adult 1 child | $918 | $423 | $617 | $815 | $696 |
| 2 adults | $764 | $526 | $781 | $0 | $645 |
| 1 adult | $677 | $287 | $391 | $0 | $526 |
Safety trends & Data
Harrison County, Indiana has experienced fluctuating property crime trends over the past two years. Burglary cases dipped slightly from 12 in 2021 to 10 in 2022, and larceny-theft incidents went down from 31 to 25. However, motor vehicle thefts increased from 5 to 9, and fraud cases surged dramatically from 2 to 16. These variations could influence property values and insurance premiums, making it essential for investors and real estate professionals to stay... Read more
Property Crime Trends in Harrison County, IN Over the Last 2 Years
Harrison County, Indiana has shown fluctuating property crime trends over the last two years. Burglary cases dropped slightly from 12 in 2021 to 10 in 2022, and larceny-theft incidents decreased from 31 to 25. However, motor vehicle thefts saw an increase from 5 to 9. Notably, fraud cases spiked from 2 to 16, signaling a potential area of concern. These variations could impact property values and insurance premiums, making it essential for investors, real estate agents, and appraisers to stay informed.
Demographics
In Harrison County, Indiana, the adult population shows a near-even gender distribution with males and females almost equally represented. Educational attainment levels reveal a significant proportion of adults holding at least a high school diploma or higher, although a substantial number of residents have attended some college without completing a degree. Age demographics highlight a notable concentration of residents in the 35 to 64-year age range. The racial composition predominantly... Read more
Race Distribution in Harrison County, Indiana (2022)
Educational Attainment in Harrison County, Indiana (2022)
Age Distribution in Harrison County, Indiana
Citizen Population in Harrison County, Indiana (2022)
Political Trends & Data
Harrison County, Indiana, reveals a prominent conservative preference with about 72.00% of the votes in the 2020 Presidential Election going to the Republican party, overshadowing the Democratic party's roughly 26.00%. The Libertarian presence, although small at 1.60%, underscores a slight appetite for alternative choices. These political inclinations could influence local real estate trends, potentially attracting buyers who prioritize stability and traditional... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Harrison County, Indiana shows a significant leaning towards the Republican party, which garnered approximately 72% of the vote in the 2020 Presidential Election. In contrast, the Democratic party received roughly 26%, with minimal support for other parties. The Libertarian vote stands at about 1.6%, highlighting a notably small but present alternative streak, while both Green and Other parties barely register. This distribution may suggest a predominantly conservative voter base with limited but existing interest in third-party options.
71.98% of voters voted for the Republican party in the 2020 Presidential Election
26.40% of voters voted for the Democrat party in the 2020 Presidential Election
1.60% 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
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Harrison County, Indiana, has a student-to-teacher ratio that averages around 16 to 17, higher than the national average of 14. This could imply larger class sizes, needing different resource allocations for education. For potential residents or investors, this might signal a demand for more educational facilities or support. Real estate professionals can use this data to highlight local school system strengths or areas needing improvement to prospective buyers, which could influence community... Read more
Student-to-teacher ratio in Harrison County, Indiana over the last 10 years
Harrison County, Indiana has seen its student-to-teacher ratio fluctuating around an average of 16 to 17 over the past decade, peaking at 17 in 2018 and 2020. This ratio is generally higher than the national average of 14 students per teacher, potentially indicating larger class sizes and likely requiring different resource allocations for effective learning. For potential residents or investors, a higher student-to-teacher ratio may signal a need for more educational facilities or support, whereas insurance agents and appraisers might consider how this impacts community services and property values. Real estate agents could note this trend when highlighting the strengths or areas needing improvement in local school systems to prospective buyers.
