Knox County Real Estate and Livability Trends
Knox County, Indiana shows signs of economic growth with average taxable income per tax return increasing from $47,321.36 in 2013 to $60,742.81 in 2021, suggesting a wealthier demographic or higher wages. Home values have climbed from $84,700 in 2015 to $122,100 in 2022, indicating a strengthening housing market despite an 81% surge in real estate taxes. The county's rising state and local income... Read more
Knox County Market Trends
Knox County, Indiana has seen a notable rise in median home values, from $84,700 in 2015 to $122,100 in 2022, offering more affordable options compared to state and national trends. Fluctuations in residential energy tax credits, peaking at $2,400.00 in 2018, highlight investment variances in energy efficiency. Real estate taxes have surged approximately 81% over the decade, suggesting changes in... Read more
Median Value of Occupied Housing Units in Knox County, Indiana Over the Last 8 Years
Knox County, Indiana has experienced a significant upward trend in median home values over the last eight years, rising from $84,700 in 2015 to $122,100 in 2022. Compared to the broader trends, Knox County's growth is notable given that Indiana's median home value also increased but started and ended at higher values, from $124,200 to $183,600 within the same period. Nationally, the values climbed from $125,500 to $179,400. This suggests that Knox County may offer relatively affordable opportunities for potential investors or homebuyers when compared to state and national averages, appealing to those looking for more cost-effective housing in Indiana.
Residential Energy Tax Credit Per Tax Return in Knox County, IN Over the Last 9 Years
Over the last nine years, Knox County, Indiana, has shown fluctuating trends in residential energy tax credits per tax return, with notable spikes in 2016 and 2018. The average credit has ranged widely, peaking at $2,400.00 in 2018 and hitting lows around $348.00 in 2015. This volatility could signal varying levels of investment in energy-efficient installations or changes in policy and incentives. These numbers are crucial for investors, property developers, and real estate agents, as they highlight potential returns on energy-saving upgrades and the appetite for environmentally friendly solutions in the region.
Average Real Estate Taxes Per Tax Return in Knox County, IN Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Knox County, Indiana have generally increased. While the tax amounts in 2012 hovered around $1,570.56, by 2021, residents could be seeing bills approximately 81% higher, reaching around $2,851.43. The spike is more pronounced from 2017 onwards, suggesting potential changes in local property valuation or tax policies. This trend could be significant for prospective buyers, appraisers, insurance agents, and real estate professionals, as it could affect decisions on investment, property valuation, and insurance premiums.
Percentage of Farm Returns in Knox County, IN Over the Last 10 Years
Knox County, Indiana has seen a general decline in the percentage of farm tax returns over the last decade, dropping from around 3.00% in 2012 to approximately 2.50% in 2021. This trend signals a modest but persistent decrease in the number of farm-related tax filings, suggesting potential changes in agricultural activity or farmer demographics within the region. For those investing, moving to, or developing property in Knox County, it's a useful indicator of shifting economic drivers and the evolving importance of agriculture in the local economy.
Number of Mortgages by Occupancy Type in Knox County, IN Over the Last 5 Years in Knox County
Analyzing the mortgage trends in Knox County, Indiana reveals fluctuations in the market dynamics. While principal residences consistently lead in mortgage numbers, there is a slight upward trajectory followed by a stabilization, post-2020. Investment property mortgages exhibit marginal decline yet stay relatively stable, hinting at cautious investor interest. Notably, second residence mortgages remain minimal, suggesting limited appeal in this segment. Shifts in the occupancy type distribution could influence investment decisions, as a dominant principal residence market often indicates robust owner-occupier demand. Appraisers and insurance agents should notice these trends, signaling potential market resiliency or shifts in risk assessment. Real estate agents and potential movers can leverage this dynamic insight for strategic planning and decision-making.
Economic Outlook
In Knox County, Indiana, average taxable income per tax return has steadily risen from $47,321.36 in 2013 to $60,742.81 in 2021, hinting at economic growth or an influx of higher-income residents. This trend could make the county more attractive to investors and individuals considering relocation. Meanwhile, state and local income taxes per tax return have almost doubled from $5,706.35 in 2012 to $10,305.26 in 2021, particularly spiking after 2018. This increase might reflect growing fiscal... Read more
Average Taxable Income per Tax Return in Knox County, IN over the last 9 years
The average taxable income per tax return in Knox County, Indiana has shown a steady upward trend over the past nine years, with notable increases observed especially in recent years. From $47,321.36 in 2013 to $60,742.81 in 2021, this rising trend could indicate economic growth or an increase in higher-income residents, making the county potentially attractive for investors and those considering relocation. Despite minor fluctuations, the general direction suggests enhanced financial prospects and could be indicative of a more robust local economy or improved wage conditions over time.
Average State and Local Income Taxes Per Tax Return in Knox County, IN Over the Last 10 Years
Knox County, Indiana has seen notable fluctuations in average state and local income taxes per tax return over the past decade, with a marked increase since 2018. Starting from $5,706.35 in 2012 and rising steadily to $10,305.26 in 2021, the upward trend highlights the county's growing fiscal demands and possibly improving economic conditions. This surge, especially post-2018, indicates a significant shift that investors and potential residents might find indicative of heightened economic activity or increased investment in public services.
Average Total Tax Liability Per Tax Return in Knox County, IN Over the Last 10 Years
Over the past decade, Knox County, Indiana has seen notable fluctuations in average total tax liability per tax return. From a low of approximately $7,381.33 in 2019 to a peak of about $9,031.32 in 2021, the ups and downs might reflect broader economic shifts and policy changes. Investors and potential residents should consider these trends as they imply a potentially fluctuating fiscal environment, which could impact disposable income and overall cost of living.
Cost of Living in Knox County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,033 | $1,271 | $1,738 | $1,215 | $938 |
| 1 adult 4 children | $1,033 | $1,038 | $1,328 | $1,215 | $1,001 |
| 2 adults 3 children | $1,033 | $1,038 | $1,509 | $1,215 | $779 |
| 1 adult 3 children | $1,033 | $848 | $1,099 | $1,215 | $793 |
| 2 adults 2 children | $849 | $850 | $1,279 | $1,062 | $724 |
| 1 adult 2 children | $849 | $635 | $869 | $1,062 | $630 |
| 2 adults 1 child | $849 | $672 | $1,050 | $565 | $677 |
| 1 adult 1 child | $849 | $434 | $640 | $565 | $564 |
| 2 adults | $645 | $540 | $820 | $0 | $568 |
| 1 adult | $592 | $294 | $410 | $0 | $477 |
Safety trends & Data
Knox County, Indiana, has experienced fluctuating property crime trends over the past five years, with larceny-theft consistently being the highest-reported crime, ranging between 27 to 58 incidents annually. Burglary rates showed notable variation, peaking at 13 incidents in 2020, while motor vehicle thefts have remained relatively stable at around three to four incidents each year. Sporadic arson and fraud cases might be signaling emerging concerns. These crime trends could influence property... Read more
Property Crime Trends in Knox County, IN Over the Last 5 Years
Knox County, Indiana, has seen fluctuating trends in property crime over the last five years, with larceny-theft consistently being the most reported crime, ranging from 27 to 58 incidents per year. Interestingly, burglary rates have seen variations, with a notable peak of 13 incidents in 2020. Motor vehicle thefts have remained fairly low, generally around three to four incidents annually. The introduction of arson and fraud cases appears sporadic but could indicate emerging issues. Understanding these trends can be crucial for potential investors, homebuyers, and real estate agents, as they may impact property values and insurance premiums.
Demographics
Knox County, Indiana skews slightly male with 14,088 men versus 13,809 women. The adult population's education level shows a heavy tilt towards high school graduates or those with some college but no degree, a pattern that might reflect local economic opportunities. Age distribution reveals a significant proportion of middle-aged residents, particularly those between 55 and 64 years old. Racially, the county is predominantly White, with very small representations of other racial groups, which... Read more
Race Distribution in Knox County, Indiana (2022)
Educational Attainment in Knox County, Indiana (2022)
Age Distribution in Knox County, Indiana
Citizen Population in Knox County, Indiana (2022)
Political Trends & Data
Knox County, Indiana, displayed a pronounced Republican lean in the 2020 U.S. Presidential Election, with around 72.8% of the vote going to the GOP. This political leaning could imply a conservative outlook, which may influence local policies and governance. These dynamics can potentially impact factors like zoning laws, tax rates, and public spending priorities—key elements to consider when assessing the real estate market and investment climate in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Knox County, Indiana, leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 72.8% of the vote. The Democrats garnered around 25.4%, while other parties such as the Libertarians and Greens each received a fraction of the vote, under 2%. These statistics may suggest a strong conservative presence or prevailing political preferences that shape local governance and policy-making.
72.79% of voters voted for the Republican party in the 2020 Presidential Election
25.40% of voters voted for the Democrat party in the 2020 Presidential Election
1.76% 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 last decade in Knox County, Indiana, the student-to-teacher ratio has fluctuated, peaking at over 20 students per teacher in 2021 and dropping to approximately 16 in 2023. With a national average around 14, Knox County's higher ratios could suggest challenges in providing individualized attention in classrooms. These dynamics might influence housing demand, property values, and the area's appeal to families seeking quality education. Such trends can also offer valuable insights for... Read more
Student-to-teacher ratio in Knox County, Indiana over the last 10 years
Over the last decade in Knox County, Indiana, the student-to-teacher ratio has seen notable fluctuations, peaking at over 20 students per teacher in 2021 and dropping to approximately 16 in 2023. While the national average is about 14 students per teacher, Knox County has mostly hovered above this mark, suggesting potential challenges in providing individualized attention in classrooms. These shifts matter for investors, prospective residents, appraisers, and other real estate stakeholders as they can influence housing demand, property values, and the attractiveness of the area for families seeking quality education. Insurers and builders might also find this data insightful for assessing risk and planning community infrastructure.
