Jay County Real Estate and Livability Trends
Jay County, Indiana has seen a steady climb in average taxable income, rising from approximately $39,044.51 in 2013 to about $51,290.94 by 2021, marking a promising economic trajectory that could attract new investment. Home values jumped by 27.83% from $79,400 in 2015 to $101,500 in 2022, making the county a relatively affordable yet appreciating market. Real estate taxes increased, reflecting... Read more
Jay County Market Trends
Jay County, Indiana's median home values saw a 27.83% increase from $79,400 in 2015 to $101,500 in 2022, which, while considerable, lags behind the state and national averages. Despite rising home values, the county remains a more budget-friendly option. The average residential energy tax credit per tax return rose significantly from $575.00 in 2016 to $835.71 in 2021, hinting at increased... Read more
Median Value of Occupied Housing Units in Jay County, Indiana Over the Last 8 Years
Jay County, Indiana's median home values climbed from $79,400 in 2015 to $101,500 in 2022, which is a 27.83% increase over eight years. This growth, while substantial, still lags behind the state of Indiana's overall increase, where median home values soared from $124,200 to $183,600, marking a 47.79% rise within the same period. Nationally, home values have seen an even more significant spike, rising from $125,500 in 2015 to $179,400 in 2022, translating to a 42.98% increase. For prospective investors or those looking to move, Jay County may present a more budget-friendly option with steady appreciation, albeit at a slower pace compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Jay County, IN Over the Last 8 Years
The residential energy tax credit per tax return in Jay County, Indiana has seen fluctuations over the past eight years, with noticeable peaks in 2014 and continuing to rise significantly from $575.00 in 2016 to $835.71 in 2021. Such trends suggest a growing investment in energy-efficient improvements, likely indicating an increased homeowner interest in sustainable living. This can be an appealing factor for investors and real estate agents noting the county's progressive stance on energy efficiency, potentially elevating property values and desirability.
Average Real Estate Taxes Per Tax Return in Jay County, IN Over the Last 10 Years
Over the past decade, the average real estate taxes per tax return in Jay County, Indiana have generally trended upward. Beginning around $1,043.40 in 2012, these taxes dipped slightly in 2013 but experienced a notable increase from 2018 onwards, peaking at about $1,936.36 in 2020. This data may suggest increasing property values or changing tax policies, factors vital for investors, real estate agents, and homeowners to consider when assessing the local market.
Percentage of Farm Returns in Jay County, IN Over the Last 10 Years
The percentage of farm returns in Jay County, Indiana, has shown slight fluctuations over the past decade, generally hovering around 7.3% to 7.7%. In 2017, the percentage peaked at approximately 7.70%. These figures suggest a stable agricultural economic activity in the region, which could attract investors interested in farm properties. For potential residents or developers, this trend may indicate a steady backbone of agricultural business, likely contributing to the local economy and providing a consistent market for farm-related services and products.
Number of Mortgages by Occupancy Type in Jay County, IN Over the Last 5 Years in Jay County
Jay County, Indiana has seen a noticeable fluctuation in mortgage counts for principal residences over the past five years, peaking in 2021 with 901 mortgages and maintaining a relatively high level throughout. Investment property mortgages have remained quite stable, hovering around the mid to high twenties, while second residence mortgages have been minimal but slightly variable. These shifts in occupancy types can influence investor decisions, impacting property values and rental market dynamics. For those considering property insurance, appraisals, or real estate investments, understanding these trends is crucial for evaluating risk, returns, and overall market stability in the area.
Economic Outlook
Jay County, Indiana has demonstrated a consistent upward trend in average taxable income per tax return over the past nine years, starting at around $39,044.51 in 2013 and peaking at about $51,290.94 by 2021. The area also saw fluctuating but generally rising state and local income taxes, with a notable peak in 2018 at $11,056.25, ending at $9,591.67 in 2021. Average total tax liability followed a similar trajectory, hitting a high of $6,942.84 in 2021. These trends suggest an evolving economic... Read more
Average Taxable Income per Tax Return in Jay County, IN over the last 9 years
Over the past nine years, average taxable income per tax return in Jay County, Indiana shows a consistent upward trend. Starting at roughly $39,044.51 in 2013, it peaked around $51,290.94 by 2021. Noteworthy jumps occurred between 2017 to 2018, climbing from approximately $42,393.78 to $46,345.62, and again from 2020 to 2021. This gradual rise in income might indicate a growing economic vitality in the area, potentially attracting investors and new residents looking for a more prosperous community.
Average State and Local Income Taxes Per Tax Return in Jay County, IN Over the Last 10 Years
Jay County, Indiana has seen significant fluctuations in average state and local income taxes per tax return over the past decade, with a notable peak in 2018 at $11,056.25. Despite a subsequent dip in 2020 to $8,164.29, the trend reveals an overall upward movement, ending at $9,591.67 in 2021. This data can be key for investors, builders, or new residents planning their budgets and understanding the tax landscape's impact on cost of living and potential returns on investments.
Average Total Tax Liability Per Tax Return in Jay County, IN Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Jay County, Indiana, has shown a general upward trend, with the highest spike occurring in 2018 at $6,690.52. This increase may be indicative of rising incomes or shifts in the economic landscape of the area. For investors and prospective residents, such tax trends could suggest an evolving financial climate and possibly improving local services or infrastructure funded by these taxes. Notably, 2021 experienced a significant increase to $6,942.84, which could have implications for tax planning and financial forecasting in the county.
Cost of Living in Jay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,042 | $1,190 | $1,779 | $1,206 | $951 |
| 1 adult 4 children | $1,042 | $972 | $1,360 | $1,206 | $1,022 |
| 2 adults 3 children | $1,042 | $972 | $1,544 | $1,206 | $792 |
| 1 adult 3 children | $1,042 | $794 | $1,125 | $1,206 | $817 |
| 2 adults 2 children | $826 | $796 | $1,309 | $1,055 | $728 |
| 1 adult 2 children | $826 | $595 | $890 | $1,055 | $637 |
| 2 adults 1 child | $826 | $629 | $1,074 | $561 | $681 |
| 1 adult 1 child | $826 | $406 | $655 | $561 | $570 |
| 2 adults | $628 | $505 | $839 | $0 | $574 |
| 1 adult | $576 | $276 | $420 | $0 | $483 |
Safety trends & Data
Jay County, Indiana, has experienced notable fluctuations in property crime over the past four years. Larceny-theft peaked at 68 cases in 2018 but significantly dropped to just 5 in 2022. Burglary also saw a sharp decrease, from 12 cases in 2019 down to 3 in 2022. While motor vehicle theft and fraud remained relatively stable at low levels, instances of arson were almost nonexistent, and vandalism and stolen property offenses were minimal. This downward trend in crime may suggest increased... Read more
Property Crime Trends in Jay County, IN Over the Last 4 Years
Jay County, Indiana, has seen notable fluctuations in property crime over the past four years. Larceny-theft, the most prevalent crime, peaked at 68 cases in 2018 but significantly dropped to just 5 in 2022. Burglary also saw a sharp decrease, from 12 cases in 2019 down to 3 in 2022. While motor vehicle theft and fraud remained relatively stable, at low levels, there was almost no instance of arson and minimal occurrences of vandalism and stolen property offenses. This downward trend in crime may suggest increased safety, potentially making the county more attractive to prospective residents, investors, and professionals in the real estate and insurance sectors.
Demographics
Jay County, Indiana's population is fairly balanced between males and females and displays a notable skew toward higher age groups, particularly among those aged 45 to 64 years. Educational attainment suggests a strong concentration of residents with high school diplomas, though relatively fewer hold bachelor's or advanced degrees. The racial makeup is predominantly White, with minimal representation from other racial and ethnic groups. This demographic profile could hint at a predominantly... Read more
Race Distribution in Jay County, Indiana (2022)
Educational Attainment in Jay County, Indiana (2022)
Age Distribution in Jay County, Indiana
Citizen Population in Jay County, Indiana (2022)
Political Trends & Data
In Jay County, Indiana, the 2020 U.S. Presidential Election demonstrated a notable Republican stronghold, with the GOP securing around 75% of the votes whilst the Democratic Party received roughly 23%. Minimal support for third parties suggests a predominantly two-party system, which could influence local policy directions and governance priorities that align with Republican ideals. This trend might impact areas like tax rates, zoning laws, and community planning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Jay County, Indiana, the 2020 U.S. Presidential Election results suggest a strong lean towards the Republican Party, capturing approximately 75% of the votes, while the Democratic Party garnered nearly 23%. Support for third parties, including the Libertarian and Green parties, appeared minimal, collectively accounting for less than 3% of the total votes. This significant Republican preference may reflect broader state or regional political trends, with implications for policy and local governance.
75.18% of voters voted for the Republican party in the 2020 Presidential Election
22.76% of voters voted for the Democrat party in the 2020 Presidential Election
2.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.04% 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
Jay County, Indiana's student-to-teacher ratios have seen significant fluctuation, peaking at 17 students per teacher in 2021 and decreasing to approximately 13 in 2023. These variances could suggest changes in educational investments or demographic shifts, potentially affecting property values and community appeal. Ratios often above the national average might hint at unique challenges or opportunities within the local school system, providing critical insights for investors, real estate... Read more
Student-to-teacher ratio in Jay County, Indiana over the last 10 years
Jay County, Indiana has experienced fluctuating student-to-teacher ratios over the last decade, peaking at 17 students per teacher in 2021 before dropping to roughly 13 in 2023. These figures suggest periods of variable class sizes which may impact educational quality and resources. With ratios often exceeding the current US national average of 14 students per teacher, investors, real estate agents, and potential residents might see potential challenges or opportunities in the local school system. Lower ratios in recent years could indicate improvements in educational investment or demographic changes, which could influence property values and community attractiveness.
