Howard County Real Estate and Livability Trends
Howard County, Indiana, has seen its average taxable income rise from roughly $47,341.89 in 2013 to around $59,386.99 by 2021, although a dip in 2020 suggests the pandemic's economic impact. Real estate trends show the median home value climbing to $143,100 in 2022, offering a potentially lucrative investment compared to Indiana's state average of $183,600. Significant spikes in real estate taxes... Read more
Howard County Market Trends
The median home value in Howard County, Indiana has climbed steadily, hitting $143,100 in 2022, offering a potentially lucrative and more affordable entry point compared to Indiana's $183,600 and the national $179,400. While residential energy tax credits peaked dramatically at $1,566.67 in 2018, they have since stabilized to about $572.50, hinting at fluctuating incentives for energy-efficient... Read more
Median Value of Occupied Housing Units in Howard County, Indiana Over the Last 8 Years
The median home value in Howard County, Indiana has consistently risen over the past eight years, reaching $143,100 in 2022. Initially lagging behind national and state values, the county's growth trajectory suggests an improving local real estate market. For investors and potential homeowners, Howard County's relatively lower median values compared to Indiana's $183,600 and the national $179,400 in 2022 could represent a more affordable entry point with promising appreciation.
Residential Energy Tax Credit Per Tax Return in Howard County, IN Over the Last 9 Years
Howard County, Indiana has seen notable fluctuations in average residential energy tax credit per tax return over the past nine years. The credit peaked sharply in 2018 at $1,566.67, before normalizing again to figures around $572.50 by 2021. These variations could indicate periods of increased incentives or higher adoption rates for energy-efficient improvements, making it a point of interest for investors, homeowners, and real estate professionals assessing the area for energy-related financial benefits.
Average Real Estate Taxes Per Tax Return in Howard County, IN Over the Last 10 Years
Average real estate taxes per tax return in Howard County, Indiana have exhibited a notable upward trend over the past decade. Starting at $1,101.44 in 2012, the average increased steadily, reaching $2,649.17 by 2021. Significant jumps, particularly between 2017 and 2018, and again from 2019 to 2020, suggest potential underlying factors such as reassessment values, changes in tax policy, or shifts in the housing market. This trend may impact financial planning for potential homeowners, investors, insurance agents, and current residents considering long-term commitments in the area.
Percentage of Farm Returns in Howard County, IN Over the Last 10 Years
Farm tax returns in Howard County, Indiana have potentially observed a general downward trend over the past decade. Starting at around 1.10% in 2012, the percentage has potentially dipped to roughly 0.83% by 2021. This trend might indicate fluctuating agricultural profitability or shifting economic conditions in the region. For those considering investment and development in Howard County, the overall decline in farm returns could suggest changes in land use dynamics or economic priorities, which may be worth exploring further.
Number of Mortgages by Occupancy Type in Howard County, IN Over the Last 5 Years in Howard County
Howard County, Indiana has seen fluctuations in mortgage counts over the last five years, particularly within the "Principal Residence" category, peaking in 2021 with 5,886 mortgages and dipping significantly in 2022 to 4,099. Investment properties have varied less dramatically but still show a general upward trend, reaching 283 in 2021 before slightly falling to 268 in 2022. Second residences have remained minimal but stable. These shifts in occupancy types can impact everything from local real estate market dynamics to insurance rates, influencing investment strategies, lending assessments, and decisions about where to develop new properties. Changes in the primary residence market, especially, might signal evolving buyer preferences or economic conditions, making it essential for stakeholders to adjust their approaches accordingly.
Economic Outlook
Howard County, Indiana, has experienced a notable rise in average taxable income per tax return, increasing from about $47,341.89 in 2013 to around $59,386.99 by 2021, hinting at a potentially growing job market that could attract investors and developers. However, the slight dip in 2020 to approximately $53,408.82 might reflect the pandemic's economic impact. Average state and local income taxes have nearly doubled over the past decade, rising steadily from $4,808.57 in 2012 to $9,543.61 in... Read more
Average Taxable Income per Tax Return in Howard County, IN over the last 9 years
Over the past nine years, Howard County, Indiana has seen a steady, if somewhat fluctuating, increase in the average taxable income per tax return. Starting at approximately $47,341.89 in 2013, it rose to around $59,386.99 by 2021. This trend could indicate a strengthening local economy and potentially growing job market, which might be appealing for investors, developers, and those considering relocating to the area. However, the slight dip in 2020 to about $53,408.82 could hint at the broader economic impact of the pandemic, a factor to keep in mind when assessing future growth.
Average State and Local Income Taxes Per Tax Return in Howard County, IN Over the Last 10 Years
Howard County, Indiana, has seen a consistent rise in average state and local income taxes per tax return over the past decade. Starting at $4,808.57 in 2012, the taxes climbed steadily, reaching $9,543.61 by 2021. This significant increase, especially the jump between 2017 and 2018, points to an expanding local economy and possibly higher income levels, presenting both challenges and opportunities for prospective investors, homeowners, and businesses in the area.
Average Total Tax Liability Per Tax Return in Howard County, IN Over the Last 10 Years
Howard County, Indiana has seen fluctuations in average total tax liability per tax return over the past decade, with figures ranging from a low of approximately $6,809.47 in 2012 to a high of around $8,269.93 in 2021. Notable peaks occurred in 2015 and 2017, as well as a significant jump in 2021, which may reflect broader economic trends or local policy changes. These variations could be important for potential investors or residents considering the fiscal climate and the potential impact on their finances.
Cost of Living in Howard County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,194 | $1,339 | $1,774 | $1,630 | $1,162 |
| 1 adult 4 children | $1,194 | $1,094 | $1,364 | $1,630 | $1,264 |
| 2 adults 3 children | $1,194 | $1,094 | $1,535 | $1,630 | $969 |
| 1 adult 3 children | $1,194 | $893 | $1,125 | $1,630 | $1,045 |
| 2 adults 2 children | $877 | $896 | $1,297 | $1,434 | $828 |
| 1 adult 2 children | $877 | $669 | $887 | $1,434 | $760 |
| 2 adults 1 child | $877 | $708 | $1,058 | $799 | $741 |
| 1 adult 1 child | $877 | $457 | $648 | $799 | $622 |
| 2 adults | $714 | $569 | $820 | $0 | $583 |
| 1 adult | $682 | $310 | $410 | $0 | $494 |
Safety trends & Data
Howard County, Indiana has seen notable shifts in property crime rates over the past five years. Burglary arrests have significantly dropped from 63.00 in 2018 to just 26.00 by 2022, while larceny-theft rates spiked in 2019 at 144.00 cases but decreased to 82.00 in 2022. Motor vehicle theft has been relatively steady, peaking at 20.00 in 2019 and closing at 16.00 in 2022. Fraud cases dipped slightly in recent years. These nuanced crime trends provide critical insights for appraisers, investors,... Read more
Property Crime Trends in Howard County, IN Over the Last 5 Years
Howard County, Indiana has shown fluctuating property crime rates over the past five years. Notably, burglary arrests have decreased from 63.0 in 2018 to a low of 26.0 by 2022, while larceny-theft rates spiked in 2019 at 144.0 cases but have since settled to 82.0 in 2022. Motor vehicle theft has remained relatively stable, peaking at 20.0 in 2019 and closing at 16.0 in 2022. Cases of fraud demonstrated minor variances, with a slight dip in recent years. This data gives a nuanced understanding of crime trends crucial for appraisers, investors, and anyone considering living or working in Howard County.
Demographics
Howard County, Indiana, shows a moderately balanced gender split with slightly more females than males. Educational attainment varies significantly, with a substantial portion completing high school, though fewer hold graduate or professional degrees. The age distribution appears quite even across various adult age groups, but the population starts to taper after age 65. Predominantly White, the racial composition suggests limited ethnic diversity which may influence local cultural and social... Read more
Race Distribution in Howard County, Indiana (2022)
Educational Attainment in Howard County, Indiana (2022)
Age Distribution in Howard County, Indiana
Citizen Population in Howard County, Indiana (2022)
Political Trends & Data
In the 2020 U.S. Presidential Election, Howard County in Indiana showed a Republican tilt, with around 65% of votes going to the GOP. Democrats secured about 33%, while the Libertarian party received roughly 2%. Smaller parties had negligible influence, which may hint at a strong Republican presence that could shape local policies and electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Howard County in Indiana exhibited a noticeable preference for the Republican party, which garnered an estimated 65% of the votes. The Democratic party followed with around 33%, while the Libertarian party received about 2% of the votes. Other parties like the Green party and independents had minimal impact, each accounting for fractions of a percent. This trend could suggest a strong Republican leaning in the county, potentially influencing local policies and election strategies.
65.10% of voters voted for the Republican party in the 2020 Presidential Election
32.74% of voters voted for the Democrat party in the 2020 Presidential Election
2.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.03% 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
Howard County, Indiana's student-to-teacher ratio has shown some fluctuation over the past decade, reaching a high of about 18 in 2016 before dropping to around 15 in 2022 and 2023. This ratio remains above the national average of 14, indicating potentially more crowded classrooms. Such dynamics could be significant for families focused on education quality, real estate agents advising clients, and investors evaluating community growth and educational infrastructure. Appraisers and insurance... Read more
Student-to-teacher ratio in Howard County, Indiana over the last 10 years
Over the past decade, Howard County, Indiana's student-to-teacher ratio has demonstrated a modest fluctuation, peaking at around 18 in 2016 before gradually decreasing to about 15 in 2022 and 2023. This ratio consistently surpasses the national average of 14, suggesting that classrooms here might be somewhat more crowded compared to the broader U.S. This could impact individual attention students receive and might be crucial for families prioritizing education quality, real estate agents advising clients, and potential investors considering community growth and educational infrastructure. For appraisers and insurance agents, understanding these dynamics is pivotal in assessing property values and risks associated with educational trends in the area.
