Jefferson County Real Estate and Livability Trends
Jefferson County, Indiana boasts some noteworthy economic and real estate trends. The average taxable income climbed from $47,600.07 in 2013 to $60,510.59 by 2021, coupled with a rise in state and local income taxes to $10,482.05, highlighting a potential squeeze on disposable income. On the housing front, average home values jumped from $112,100 in 2015 to $168,100 in 2022, still more affordable... Read more
Jefferson County Market Trends
Jefferson County, Indiana, has seen significant increases in home values, rising from $112,100 in 2015 to $168,100 in 2022, yet it remains more affordable than the state and national averages. This affordability, paired with a marked rise in residential energy tax credits—from approximately $315.56 in 2013 to $737.93 in 2021—suggests a growing investment in energy-efficient home improvements.... Read more
Median Value of Occupied Housing Units in Jefferson County, Indiana Over the Last 8 Years
Jefferson County, Indiana, has seen a steady increase in median home values over the past eight years, jumping from $112,100 in 2015 to $168,100 in 2022—a significant rise that may catch the eye of potential investors and new residents. While this growth mirrors larger trends, it's interesting to note that Jefferson County remains more affordable compared to the state's average of $183,600 and the national average of $179,400 in 2022. This could make it an attractive option for those looking to capitalize on a burgeoning market without the heftier price tags found nationwide.
Residential Energy Tax Credit Per Tax Return in Jefferson County, IN Over the Last 8 Years
Over the past eight years, Jefferson County, Indiana has seen a noticeable increase in average residential energy tax credits per tax return, starting at approximately $315.56 in 2013 and peaking around $737.93 in 2021. This upward trend suggests growing investments in energy-efficient home improvements, likely influenced by both rising energy costs and enhanced incentives. Potential investors and homebuyers might want to consider this when evaluating the long-term savings and future value of property in the area.
Average Real Estate Taxes Per Tax Return in Jefferson County, IN Over the Last 10 Years
Real estate taxes per tax return in Jefferson County, Indiana have shown a notable upward trend over the last decade, rising from about $1,589.77 in 2012 to approximately $2,688.57 in 2021. The most significant jump occurred between 2017 and 2018, where taxes increased from roughly $1,873.24 to $2,378.26, and this spike could impact decisions for potential investors or homeowners evaluating their long-term expenses. Appraisers and insurers might view this as a critical factor when considering property values and risk assessments. Overall, this data suggests that property taxes are rapidly becoming a larger component of home ownership costs in the area, which is essential for real estate agents and developers to consider when advising clients.
Percentage of Farm Returns in Jefferson County, IN Over the Last 10 Years
The percentage of farm tax returns in Jefferson County, Indiana, has shown a general decline over the past decade, moving from around 5.11% in 2012 to approximately 4.11% in 2021. Farm tax returns are tax filings by entities involved in the agricultural sector, essential for tracking the economic health and activity in farming areas. This trend may suggest shifts in land use, economic conditions, or farming practices, which could be important for potential investors and residents to consider when evaluating the area's agricultural viability and broader economic environment.
Number of Mortgages by Occupancy Type in Jefferson County, IN Over the Last 5 Years in Jefferson County
In Jefferson County, Indiana, the number of mortgages for principal residences has fluctuated significantly over the past five years, peaking at 2305 in 2021 before slightly declining in 2022 to 1571. Investment property mortgages have remained relatively stable, sitting around the 100 mark annually, while second residence mortgages have seen only minor increases, reaching a high of 37 in 2021. These shifts in occupancy type matter because they can signal changes in market demands and economic conditions, influencing property values, insurance premiums, and investment strategies. For anyone looking to move, invest, or build in the area, understanding these trends could be crucial for making informed decisions and forecasting future market dynamics.
Economic Outlook
Jefferson County, Indiana has seen a steady climb in average taxable income per tax return, jumping from $47,600.07 in 2013 to $60,510.59 by 2021. Concurrently, state and local income taxes have surged from $4,314.60 in 2012 to $10,482.05 in 2021, highlighting a notable rise in the tax burden. Average total tax liabilities showed an upward trend with a peak at $8,541.64 in 2021. This financial environment suggests changing economic conditions that might impact real estate decisions for... Read more
Average Taxable Income per Tax Return in Jefferson County, IN over the last 9 years
Jefferson County, Indiana has seen a notable increase in average taxable income per tax return over the last nine years. Starting at approximately $47,600.07 in 2013, it has experienced steady growth, reaching $60,510.59 by 2021. This upward trend suggests potential economic improvement, making it a possibly attractive option for investors and new residents considering property investments or relocations.
Average State and Local Income Taxes Per Tax Return in Jefferson County, IN Over the Last 10 Years
In Jefferson County, Indiana, the average state and local income taxes per tax return have seen a dramatic increase over the past decade. Starting at approximately $4,314.60 in 2012, these taxes have risen to over $10,482.05 by 2021. This consistent upward trend highlights a significant rise in the tax burden for residents, which matters for potential investors and homeowners as it directly impacts disposable income and cost of living. This financial environment may influence real estate decisions and business investments in the area.
Average Total Tax Liability Per Tax Return in Jefferson County, IN Over the Last 10 Years
Over the last decade, Jefferson County, Indiana has seen a generally upward trend in average total tax liability per tax return, with a notable peak in 2021 at $8,541.64. Although there were a few fluctuations, the movement indicates increasing tax burdens. This trend could suggest economic growth or changing tax policies, potentially impacting decisions for those investing in or relocating to the county. With tax liabilities rising, stakeholders might anticipate higher contributions, which could influence financial planning and investments.
Cost of Living in Jefferson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,119 | $1,303 | $1,678 | $1,274 | $999 |
| 1 adult 4 children | $1,119 | $1,064 | $1,282 | $1,274 | $1,077 |
| 2 adults 3 children | $1,119 | $1,064 | $1,457 | $1,274 | $825 |
| 1 adult 3 children | $1,119 | $869 | $1,060 | $1,274 | $870 |
| 2 adults 2 children | $844 | $871 | $1,236 | $1,114 | $738 |
| 1 adult 2 children | $844 | $651 | $839 | $1,114 | $649 |
| 2 adults 1 child | $844 | $689 | $1,014 | $593 | $684 |
| 1 adult 1 child | $844 | $445 | $618 | $593 | $571 |
| 2 adults | $701 | $553 | $793 | $0 | $586 |
| 1 adult | $696 | $302 | $397 | $0 | $510 |
Demographics
Jefferson County, Indiana shows a slight gender imbalance with a moderately higher female population. Educational attainment suggests that the majority are at least high school graduates, but there's a notable portion that hasn't completed high school. The age distribution skews towards an older demographic, particularly those between 55 and 64 years old. Racially, the county is predominantly White, with very small percentages of other racial groups. These trends could influence local policies,... Read more
Race Distribution in Jefferson County, Indiana (2022)
Educational Attainment in Jefferson County, Indiana (2022)
Age Distribution in Jefferson County, Indiana
Citizen Population in Jefferson County, Indiana (2022)
Political Trends & Data
Jefferson County, Indiana demonstrated a significant Republican preference in the 2020 U.S. Presidential Election, with the party securing about two-thirds of the vote. Democrats captured just under a third, suggesting a robust conservative base that could impact local politics and community dynamics. Notably, Libertarians had a minimal presence, while Green party and other candidates barely... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jefferson County, Indiana showed a notable lean towards the Republican party in the 2020 U.S. Presidential Election, capturing roughly two-thirds of the vote. Democrats trailed significantly, securing just under a third. Libertarians had a minimal yet visible presence, while Green party and other candidates barely registered. Such data could hint at a strong conservative base within the county, potentially influencing local politics and community dynamics.
65.75% of voters voted for the Republican party in the 2020 Presidential Election
32.19% of voters voted for the Democrat party in the 2020 Presidential Election
2.01% 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
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Jefferson County, Indiana, has seen significant fluctuations in its student-to-teacher ratio over the past decade, reaching an all-time high around 36 in 2020 before settling back to approximately 16 by 2023. These trends suggest potential impacts on property values and buyer interest, as a lower ratio generally attracts families prioritizing quality education. Real estate professionals might leverage this data to market properties more effectively, while fluctuations hint at a potentially... Read more
Student-to-teacher ratio in Jefferson County, Indiana over the last 10 years
Over the past decade, the student-to-teacher ratio in Jefferson County, Indiana, has experienced significant fluctuations, starting at roughly 16 students per teacher in 2014, peaking impressively at nearly 36 in 2020, before stabilizing back to around 16 in 2023. This variability can impact various stakeholders; for those looking to invest in or build properties, a lower student-to-teacher ratio might suggest better quality education, attracting families. For insurance agents and appraisers, these trends could indicate a more transient population, potentially affecting property values. Real estate agents might find these ratios critical in marketing properties to families emphasizing education. Lastly, the current ratio of 16 may provide a slight edge compared to the national average of 14 students per teacher, hinting at larger class sizes but possibly also reflecting recent strains or recoveries in local educational resources.
