Henry County Market Trends
Henry County, Indiana has shown a notable climb in median home values, rising from $91,600 in 2015 to $124,900 in 2022, making it more affordable compared to the state and national averages. The increase in residential energy tax credits, peaking dramatically at $2,200.00 in 2018, indicates a rising investment in energy efficiency among residents. Additionally, real estate taxes have jumped... Read more
Median Value of Occupied Housing Units in Henry County, Indiana Over the Last 8 Years
Henry County, Indiana has shown a steady climb in median home values over the past eight years, jumping from $91,600 in 2015 to $124,900 in 2022. This local growth, while significant, remains behind the state average which surged to $183,600 in 2022, mirroring a similar strong upswing at the national level where median values hit $179,400. For potential investors or those looking to relocate, Henry County presents a more affordable entry point compared to broader market trends in both Indiana and the United States, which could imply potential opportunities for value appreciation.
Residential Energy Tax Credit Per Tax Return in Henry County, IN Over the Last 9 Years
Over the past nine years, Henry County, Indiana, has seen a significant increase in the average residential energy tax credit per tax return. Starting in 2013 at $294.83, there was a steady climb until 2017, peaking dramatically in 2018 with an average of $2200.00, likely due to either policy changes or major investment in energy-efficient home upgrades. Although the credit dropped to $515.00 in 2019, it has been rising again through 2021, reaching $769.70. This trend suggests a growing awareness and investment in energy efficiency among residents, which could be valuable for investors, real estate agents, appraisers, and insurance agents looking to evaluate property value and market trends in the area.
Average Real Estate Taxes Per Tax Return in Henry County, IN Over the Last 10 Years
Over the last decade, Henry County, Indiana has seen a notable increase in average real estate taxes per tax return. Starting around $1,511.59 in 2012, the taxes rose modestly until a significant jump occurred between 2017 and 2018, where the value skyrocketed from $1,735.59 to $2,490.91. This upward trend has continued, reaching $2,764.44 in 2021. This considerable increase suggests a growing demand and likely a relative rise in property values, which could be key for potential investors and real estate professionals when evaluating future market dynamics in the region.
Percentage of Farm Returns in Henry County, IN Over the Last 10 Years
Over the past decade, farm returns in Henry County, Indiana, have generally shown a slight decline, with percentages fluctuating around the mid to upper 2% range. Starting at approximately 2.84% in 2012, the percentage of farm returns dipped to roughly 2.30% by 2020 before seeing a slight uptick to around 2.45% in 2021. This trend could suggest shifting economic conditions or changes in the agricultural landscape of the county, which might interest investors, developers, and residents considering the long-term viability and growth of this locality's agricultural sector. In this context, farm tax returns represent the percentage of all tax returns filed that are designated as farm income, essentially providing a gauge of the agricultural income and its prominence within the local economy. The gradual decline may imply a reduced emphasis on agriculture or broader economic diversification in Henry County.
Number of Mortgages by Occupancy Type in Henry County, IN Over the Last 5 Years in Henry County
Henry County, Indiana has shown some interesting trends in mortgage types over the past five years. Principal residences dominate the market significantly, with a peak of 2,914 in 2021. Investment properties have seen a steady yet modest performance, hovering around the low 90s most years. Second residences are minimal, barely making a dent. These trends suggest the area's housing market is primarily driven by owner-occupancy, a factor that might make the county more appealing to families and long-term residents compared to investors. For real estate agents, investors, and appraisers, these insights may guide decisions about the type of properties to focus on, while for insurers, understanding this mix can aid in risk assessment and policy pricing. Understanding these occupancy trends can be crucial for those looking to build or invest as it can impact everything from market demands to property valuations.
Economic Outlook
Henry County, Indiana, shows an upward trend in average taxable income per tax return, rising from $43,607.37 in 2013 to $56,018.48 in 2021. Alongside this income growth, state and local income taxes have also surged, from $4,888.39 in 2012 to $11,112.24 by 2021, suggesting possible economic growth but also a higher tax burden. Additionally, the average total tax liability per tax return reached $7,651.56 in 2021, signaling periods of financial growth that may attract investors while... Read more
Average Taxable Income per Tax Return in Henry County, IN over the last 9 years
The average taxable income per tax return in Henry County, Indiana, shows a generally upward trend over the last nine years, starting from $43,607.37 in 2013 to $56,018.48 in 2021. Significant increases appear between 2017 and 2019, with 2017 seeing an impressive jump from $47,569.60 to $49,348.52 in 2018. Notably, the year 2021 reflects the highest average income at $56,018.48, suggesting potential economic growth or changes in income patterns in recent years. This is particularly relevant for investors or residents considering the financial health and earning potential within the county.
Average State and Local Income Taxes Per Tax Return in Henry County, IN Over the Last 10 Years
Henry County, Indiana has seen a significant rise in average state and local income taxes per tax return over the last decade. Starting from $4,888.39 in 2012, taxes have surged to $11,112.24 by 2021. This pronounced increase may indicate robust economic growth but also suggests a higher tax burden for residents and potential investors. Notably, the jump between 2017 and 2018 is especially steep, with taxes growing from $5,501.64 to $7,988.14. Those looking to relocate or invest in Henry County should factor in these escalating tax rates, which could influence overall affordability and return on investment.
Average Total Tax Liability Per Tax Return in Henry County, IN Over the Last 10 Years
Henry County, Indiana has seen fluctuations in average total tax liability per tax return over the last decade. From $6,110.89 in 2012 to a significant high of $7,651.56 in 2021, there are signs of rising economic activity potentially driving higher income and property values. Notable jumps, such as from $6,160.57 in 2018 to $6,543.84 in 2019, followed by $6,794.03 in 2017, indicate intervals of marked financial growth. These trends could be of interest to investors and potential residents looking at economic stability and growth prospects within the county.
Cost of Living in Henry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,071 | $1,327 | $1,797 | $1,214 | $1,002 |
| 1 adult 4 children | $1,071 | $1,084 | $1,373 | $1,214 | $1,068 |
| 2 adults 3 children | $1,071 | $1,084 | $1,559 | $1,214 | $823 |
| 1 adult 3 children | $1,071 | $885 | $1,136 | $1,214 | $852 |
| 2 adults 2 children | $826 | $887 | $1,322 | $1,061 | $742 |
| 1 adult 2 children | $826 | $663 | $898 | $1,061 | $644 |
| 2 adults 1 child | $826 | $701 | $1,084 | $565 | $689 |
| 1 adult 1 child | $826 | $453 | $661 | $565 | $568 |
| 2 adults | $652 | $563 | $847 | $0 | $584 |
| 1 adult | $648 | $307 | $424 | $0 | $500 |
Safety trends & Data
Henry County, Indiana, has recently experienced a significant decline in property crimes, with burglary incidents dropping from 7.00 in 2021 to 4.00 in 2022, and Larceny-Theft cases decreasing from 11.00 to 5.00 during the same period. Motor Vehicle Theft also saw a dramatic reduction from 6.00 incidents to just 1.00. Notably, while there were 2.00 reported cases of fraud in 2021, this shifted to 1.00 case of Forgery and Counterfeiting in 2022, pointing to changes in financial crime trends.... Read more
Property Crime Trends in Henry County, IN Over the Last 2 Years
Henry County, Indiana has seen a notable decline in property crimes over the past two years. Burglary incidents dropped from 7.0 in 2021 to 4.0 in 2022, while Larceny-Theft cases significantly decreased from 11.0 to 5.0 in the same period. Motor Vehicle Theft also saw a reduction from 6.0 incidents to just 1.0. Interestingly, while Fraud cases were reported at 2.0 in 2021, there were instead 1.0 cases of Forgery and Counterfeiting in 2022, indicating a shift in the nature of financial crimes in the area. This downward trend in overall property crime could make Henry County an appealing option for potential investors and homebuyers looking for safer community environments.
Demographics
Henry County, Indiana, shows a gender imbalance with a male population potentially outweighing females by a modest margin. Educational attainment hints that a high school diploma or equivalency remains the highest educational achievement for a significant portion, while college degrees may be less common. Age distribution possibly skews towards middle-aged residents, especially those in the 55 to 64-year range, which could shape local policies and services. The racial makeup largely indicates... Read more
Race Distribution in Henry County, Indiana (2022)
Educational Attainment in Henry County, Indiana (2022)
Age Distribution in Henry County, Indiana
Citizen Population in Henry County, Indiana (2022)
Political Trends & Data
In Henry County, Indiana, the 2020 U.S. Presidential Election suggested a strong conservative leaning with Republicans likely securing roughly 71.5% of the vote, as opposed to Democrats who appeared to capture around 26.4%. The prominence of a Republican majority, coupled with minimal support for minor parties, could imply a political landscape that generally favors conservative policies. This might influence local governance and community planning, potentially affecting real estate development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Henry County, Indiana, the 2020 U.S. Presidential Election saw Republicans potentially securing a significant majority of the vote at around 71.5%, while Democrats seemingly captured approximately 26.4%. Minor parties like the Libertarians and Greens garnered minimal support, reflecting a heavily skewed voting pattern towards the Republican side. This distribution perhaps offers insights into the local political landscape, hinting at strong conservative leanings.
71.53% of voters voted for the Republican party in the 2020 Presidential Election
26.36% of voters voted for the Democrat party in the 2020 Presidential Election
2.06% of voters voted for the Livertarian party in the 2020 Presidential Election
0.02% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Henry County, Indiana has seen its student-to-teacher ratio fluctuate, peaking at nearly sixteen students per teacher in 2016. Recently, it's trended closer to fourteen students per teacher, suggesting a slight improvement in student attention. This positive shift might indicate enhanced educational support, potentially making the area more appealing to families. For investors and real estate agents, this trend could be favorable as better educational metrics often... Read more
Student-to-teacher ratio in Henry County, Indiana over the last 10 years
Over the past decade, Henry County, Indiana has seen its student-to-teacher ratio fluctuate around the national average. Peaking at nearly sixteen students per teacher in 2016, the ratio has generally hovered close to fifteen in most years. Notably, in recent years, it has trended closer to fourteen students per teacher, indicating a slight improvement in individual student attention compared to the national scenario. For those considering a move to Henry County, this slight decrease might suggest enhanced educational support for students. Investors and real estate agents might find this trend favorable, as better student-to-teacher ratios can be an indicator of quality education, potentially making the area more appealing to families. Appraisers and insurance agents might also note a general positive correlation between such educational metrics and property values.
