Jackson County Real Estate and Livability Trends
Jackson County, Indiana, has experienced substantial growth in median home values, reaching $161,300 in 2022, surpassing both state and national averages. This uptick suggests a competitive housing market driven by high demand or limited supply. Additionally, an increase in real estate taxes peaking at $2,181.36 in 2020 could signal rising property values or shifts in tax policies. Meanwhile, the... Read more
Jackson County Market Trends
Jackson County, Indiana has seen a significant rise in median home values, reaching $161,300 in 2022, outperforming state and national averages. This suggests a heated housing market, possibly due to high demand or limited inventory. Additionally, fluctuations in residential energy tax credits, peaking at $2,500.00 in 2018, highlight potential for energy-efficient home investments. Average real... Read more
Median Value of Occupied Housing Units in Jackson County, Indiana Over the Last 8 Years
Jackson County, Indiana has experienced a robust upward trend in median home values over the last eight years, significantly outpacing the state and national averages, particularly in 2022 where the median value reached $161,300. Meanwhile, Indiana's statewide median increased to $183,600 and the national median rose to $179,400 in the same year. This indicates an accelerating housing market in Jackson County, which might suggest increased demand or limited housing inventory, factors that could influence investment decisions and opportunities for real estate development in the region.
Residential Energy Tax Credit Per Tax Return in Jackson County, IN Over the Last 9 Years
Jackson County, Indiana has seen notable fluctuations in residential energy tax credits over the past nine years, peaking at $2,500.00 in 2018 but generally averaging between $385.37 and $814.81 in other years. Investors and property developers might find the energy credit incentives increasingly appealing given the rising figures, especially the substantial jump observed in 2018. This trend could suggest growing opportunities for energy-efficient home improvements, potentially attracting residents keen on long-term energy savings. Real estate agents and appraisers might see added value in energy-efficient homes, influencing property valuations and market desirability.
Average Real Estate Taxes Per Tax Return in Jackson County, IN Over the Last 10 Years
Jackson County, Indiana has seen noticeable fluctuations in average real estate taxes per tax return over the past decade. Beginning at approximately $1,185.41 in 2012, there was a steady uptick reaching $1,379.94 in 2017. A significant jump occurred in 2018 to $1,956.52, peaking in 2020 at $2,181.36 before slightly declining to $2,128.07 in 2021. This trend of rising property taxes could indicate increasing property values or changing tax policies, making it a crucial factor for potential homeowners, investors, and real estate professionals to consider.
Percentage of Farm Returns in Jackson County, IN Over the Last 10 Years
The trend in Jackson County, Indiana over the past decade indicates a steady decline in the percentage of farm tax returns, dropping from around 3.62% in 2012 to roughly 2.82% by 2021. Farm tax returns represent filings that include income earned from agricultural activities, and a reduction in these numbers could suggest various shifts in the local economy, land use, or farming profitability. Investors, property developers, and residents should consider that this declining trend may reflect changes in the agricultural sector, potentially impacting property values and economic opportunities linked to farming in the area.
Number of Mortgages by Occupancy Type in Jackson County, IN Over the Last 5 Years in Jackson County
Over the past five years, Jackson County, Indiana has seen fluctuations in the number of mortgages by occupancy type. While mortgages for principal residences peaked in 2021 with roughly 2,736 instances, investment properties maintained a relatively steady range of 76 to 85 mortgages annually. Second residences remained low and consistent, hovering around 9 to 12 mortgages each year. Shifts in occupancy type can impact decisions for investors, appraisers, and real estate agents as they reflect economic trends, demand cycles, and housing stability in the area. Such data points to a robust market for primary homes but a stable, albeit limited, interest in secondary and investment properties, potentially signaling strong local demand for owner-occupied housing.
Economic Outlook
Jackson County, Indiana has demonstrated economic stability with the average taxable income per tax return climbing from $46,331.88 in 2013 to $61,789.13 in 2021. Concurrently, there has been a significant increase in state and local income taxes, with averages jumping from $4,975.81 in 2012 to $11,267.19 by 2021, suggesting a notable shift in the economic or policy landscape. The rise in average total tax liability per tax return, from approximately $6,756.16 in 2012 to around $8,562.47 in... Read more
Average Taxable Income per Tax Return in Jackson County, IN over the last 9 years
Over the last nine years, Jackson County, Indiana has seen its average taxable income per tax return steadily increase, rising from $46,331.88 in 2013 to a high of $61,789.13 in 2021. This consistent growth suggests economic stability and possibly recovering or thriving local industries, making it an attractive area for potential investors and new residents. The notable jump in average taxable income around 2018 to 2021 highlights potentially significant economic factors at play, warranting attention from those looking to build or invest in property within the county.
Average State and Local Income Taxes Per Tax Return in Jackson County, IN Over the Last 10 Years
Over the past decade, Jackson County, Indiana has seen a notable increase in state and local income taxes per tax return. Starting at $4,975.81 in 2012, the average soared to $11,267.19 by 2021. This significant rise, particularly between 2017 and 2021, signals a changing economic environment that prospective investors, new residents, and property developers should closely monitor. Understanding the implications of these tax trends is crucial for financial planning and strategic decision-making in the region.
Average Total Tax Liability Per Tax Return in Jackson County, IN Over the Last 10 Years
Over the past decade, Jackson County, Indiana has seen a general increase in the average total tax liability per tax return, starting at around $6,756.16 in 2012 and peaking at roughly $8,562.47 in 2021. While there have been slight fluctuations, the overall trend suggests increasing tax liability for residents. This pattern might hint at rising incomes, changes in tax laws, or economic shifts, offering potential investors or new residents a glimpse into the evolving financial landscape of the area.
Cost of Living in Jackson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,159 | $1,235 | $1,927 | $1,281 | $1,077 |
| 1 adult 4 children | $1,159 | $1,008 | $1,474 | $1,281 | $1,156 |
| 2 adults 3 children | $1,159 | $1,009 | $1,672 | $1,281 | $890 |
| 1 adult 3 children | $1,159 | $823 | $1,219 | $1,281 | $943 |
| 2 adults 2 children | $952 | $826 | $1,417 | $1,120 | $811 |
| 1 adult 2 children | $952 | $617 | $964 | $1,120 | $733 |
| 2 adults 1 child | $952 | $653 | $1,161 | $596 | $751 |
| 1 adult 1 child | $952 | $421 | $708 | $596 | $631 |
| 2 adults | $723 | $524 | $906 | $0 | $619 |
| 1 adult | $714 | $286 | $453 | $0 | $534 |
Safety trends & Data
Property crime in Jackson County, Indiana, has fluctuated over the past five years, with larceny-theft peaking at 141 incidents in 2019 before dipping to 77 in 2021. Burglary rates have notably dropped from 37 in 2019 to just 10 in 2021. Motor vehicle theft has shown a slight upward trend, particularly in 2020 and 2021, while fraud and forgery incidents remain unpredictable, peaking in 2019. This varied crime landscape signals the critical need for potential investors, residents, and real... Read more
Property Crime Trends in Jackson County, IN Over the Last 5 Years
Property crime in Jackson County, Indiana, has seen varied fluctuations over the last five years, with larceny-theft consistently showing the highest numbers—reaching a peak of 141 recorded incidents in 2019 and a dip to 77 in 2021. Burglary incidents have been relatively high but have seen a significant decrease from 37 in 2019 to just 10 in 2021. Motor vehicle theft showed a slight upward trend, particularly with an uptick in 2020 and 2021. Fraud and forgery incidents remain sporadic, with both peaking in 2019. This variable landscape of crime trends offers a mixed bag for potential investors, residents, and real estate stakeholders, underscoring the importance of keeping an eye on localized crime data when making decisions.
Demographics
Jackson County, Indiana, shows a nearly balanced adult population split between genders, with females slightly outnumbering males. In terms of education, a significant portion of residents have only completed high school, though there's a noteworthy segment with some college education or an associate's degree. The age distribution indicates a steady population across different age brackets, with a slightly higher count in younger children and middle-aged residents. Racially, the county is... Read more
Race Distribution in Jackson County, Indiana (2022)
Educational Attainment in Jackson County, Indiana (2022)
Age Distribution in Jackson County, Indiana
Citizen Population in Jackson County, Indiana (2022)
Political Trends & Data
In Jackson County, Indiana, the 2020 U.S. Presidential Election leaned heavily Republican, with about 75.7% of the votes. Democrats captured roughly 22.4%, while Libertarians had a small presence at nearly 2%. This trend could imply a solid Republican base, likely affecting future political campaigns and strategies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Jackson County, Indiana, the 2020 U.S. Presidential Election saw a pronounced leaning toward the Republican party, capturing approximately 75.7% of the votes, while Democrats garnered around 22.4%. Libertarians, though present, held a notably small share at nearly 2%. These figures might suggest a strong Republican stronghold in the county, potentially influencing future political strategies and campaign efforts.
75.66% of voters voted for the Republican party in the 2020 Presidential Election
22.36% of voters voted for the Democrat party in the 2020 Presidential Election
1.98% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Jackson County, Indiana, has seen a notable decrease in the student-to-teacher ratio, down from 21:1 in 2014 to about 16:1 in recent years. This shift hints at an improved educational environment, which can increase the area's appeal to potential homeowners and investors. Real estate agents might use this trend to attract buyers, while appraisers and insurance agents may see it as a sign of community investment. Currently, Jackson County's ratio is slightly above the national average of 14:1,... Read more
Student-to-teacher ratio in Jackson County, Indiana over the last 10 years
The student-to-teacher ratio in Jackson County, Indiana, has exhibited fluctuations over the past decade, with a notable decrease from a high of 21 students per teacher in 2014 to approximately 16 students per teacher in recent years. This shift towards lower ratios is beneficial for both potential homeowners and investors, as it suggests an improving educational environment, potentially increasing the appeal of the area. Real estate agents might highlight this trend to prospective buyers, while appraisers and insurance agents could view it as a sign of community investment. Moreover, those planning to build property might perceive this as a positive trend that can enhance the value of their development. For context, Jackson County's current ratio is slightly above the national average of 14 students per teacher, indicating room for further improvement in the future.
