LaGrange County Real Estate and Livability Trends
LaGrange County, Indiana, shows a substantial rise in average taxable income, jumping from $45,124.15 in 2013 to $72,231.18 in 2021, suggesting economic growth that might draw in investors. However, rising average state and local income taxes, which grew from $4,636.54 in 2012 to $11,835.09 in 2021, highlight possible tax policy shifts affecting financial planning. Median home values have soared... Read more
LaGrange County Market Trends
LaGrange County has seen a remarkable jump in median home values from $162,200 in 2015 to $230,300 in 2022, outpacing both Indiana and national figures. Residential energy tax credits per tax return have surged from about $449.12 in 2013 to around $1353.19 in 2021, indicating increasing investments in energy-efficient homes. Real estate taxes have also climbed from $1,578.76 in 2012 to $2,868.63... Read more
Median Value of Occupied Housing Units in LaGrange County, Indiana Over the Last 8 Years
LaGrange County stands out with a significant climb in median home values from $162,200 in 2015 to $230,300 in 2022, outpacing the state of Indiana and the national figures handily. While Indiana's median values increased from $124,200 to $183,600 over the same period, the national values rose more modestly from $125,500 to $179,400. This relatively steeper increase in LaGrange County signals a strong local real estate market, potentially appealing to investors and homebuyers looking for a region with appreciating property values.
Residential Energy Tax Credit Per Tax Return in LaGrange County, IN Over the Last 9 Years
LaGrange County, Indiana has experienced a notable upward trend in residential energy tax credits per tax return over the past nine years, jumping from around $449.12 in 2013 to approximately $1353.19 in 2021. This significant increase suggests growing investments in energy-efficient home improvements, which could make the area more appealing to energy-conscious homeowners and investors. It could also indicate rising property values and improved energy infrastructure, which are advantageous for real estate agents, appraisers, builders, and insurance agents evaluating long-term benefits.
Average Real Estate Taxes Per Tax Return in LaGrange County, IN Over the Last 10 Years
Over the past decade in LaGrange County, Indiana, average real estate taxes per tax return have shown a steady climb, escalating significantly from $1,578.76 in 2012 to $2,868.63 in 2021. This upward trend suggests a compound yearly increase, with noticeable jumps particularly post-2017, where the values surged from $1,756.70 to a peak of over $2,868.00. This could indicate rising property values or adjustments in tax assessments, making it an interesting prospect for investors and real estate agents eyeing growth potential or burgeoning market values in the area.
Percentage of Farm Returns in LaGrange County, IN Over the Last 10 Years
The percentage of farm returns in LaGrange County, Indiana has largely fluctuated around 11% over the last decade. Specifically, the figures have moved between 10.95% in 2014 to as high as 11.41% in 2021. Farm tax returns refer to tax filings made by farmers detailing their income and expenses, which can reflect the economic health of agriculture in the area. Stable percentages suggest that farming remains a consistent part of the local economy, potentially making it an appealing region for agricultural investments and developments. For those considering moving to or investing in LaGrange County, the local agricultural activity may indicate stable property values and a supportive community for farming endeavors.
Number of Mortgages by Occupancy Type in LaGrange County, IN Over the Last 5 Years in LaGrange County
Over the past five years, LaGrange County, Indiana has seen a steady demand for principal residences, with mortgage counts peaking just above 2000 in 2020. However, investment properties and second residences have remained comparatively low, with slight variations but no significant uptick. This trend potentially indicates a stable local market focused more on homeownership rather than rental or vacation properties. For investors, this suggests a potentially less competitive market for rental units, while for those looking to move, it reflects a community with a high rate of owner occupancy. Real estate agents and insurance agents might find value in these details by tailoring their services to a predominantly residential market.
Economic Outlook
LaGrange County, Indiana, has witnessed a remarkable rise in the average taxable income per tax return, surging from $45,124.15 in 2013 to $72,231.18 in 2021. This suggests an economy that's potentially flourishing, making the area more appealing for investors and developers. However, the significant climb in average state and local income taxes—jumping from $4,636.54 in 2012 to $11,835.09 in 2021—indicates tax policy changes or income adjustments that could impact financial planning.... Read more
Average Taxable Income per Tax Return in LaGrange County, IN over the last 9 years
LaGrange County, Indiana has seen a notable upward trend in the average taxable income per tax return over the past nine years, jumping from $45,124.15 in 2013 to $72,231.18 in 2021. The peak in 2021 suggests a rising economic profile that could attract new investors, developers, and residents seeking a community with growing financial health. This pattern of increasing taxable income may imply improved job opportunities, wage growth, and an expanding local economy, making it an appealing location for property development and investment.
Average State and Local Income Taxes Per Tax Return in LaGrange County, IN Over the Last 10 Years
LaGrange County, Indiana, has seen a notable increase in average state and local income taxes per tax return over the past decade, spiking from $4,636.54 in 2012 to $11,835.09 in 2021. This jump highlights significant tax policy changes or adjustments in income levels, affecting residents and property investments. Those considering moving to or investing in LaGrange County should factor in these rising tax implications when forecasting financial plans.
Average Total Tax Liability Per Tax Return in LaGrange County, IN Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in LaGrange County, Indiana has shown noticeable fluctuations. After starting at approximately $5,750.86 in 2012, the liability saw a steady increase, peaking at $9,921.50 in 2021. This trend could potentially indicate economic growth and increasing property values, making LaGrange County an attractive consideration for potential investors and those interested in relocating. However, the dip seen in 2018 and 2019 suggests variability that prospective residents should factor into their financial planning.
Cost of Living in LaGrange County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,143 | $1,307 | $1,914 | $1,231 | $1,125 |
| 1 adult 4 children | $1,143 | $1,067 | $1,464 | $1,231 | $1,212 |
| 2 adults 3 children | $1,143 | $1,068 | $1,660 | $1,231 | $930 |
| 1 adult 3 children | $1,143 | $872 | $1,210 | $1,231 | $991 |
| 2 adults 2 children | $829 | $874 | $1,407 | $1,076 | $806 |
| 1 adult 2 children | $829 | $653 | $957 | $1,076 | $722 |
| 2 adults 1 child | $829 | $691 | $1,154 | $573 | $746 |
| 1 adult 1 child | $829 | $446 | $703 | $573 | $622 |
| 2 adults | $630 | $555 | $900 | $0 | $625 |
| 1 adult | $578 | $303 | $450 | $0 | $523 |
Safety trends & Data
LaGrange County, Indiana has seen some shifts in property crime over the past few years, with larceny-theft peaking at 27 cases in 2018 and burglary incidents rising to 11 in 2019. Interestingly, motor vehicle theft dropped to zero by 2021-2022, while fraud cases have also decreased from 11 in 2018 to just 1 by 2021-2022. This decline in certain crime categories could hint at improved security and evolving community dynamics, potentially making it more attractive for investors and... Read more
Property Crime Trends in LaGrange County, IN Over the Last 4 Years
LaGrange County, Indiana has witnessed fluctuating property crime rates over the past four years. In 2018, larceny-theft cases peaked at 27, while 2019 saw an increase in burglary, with incidents rising to 11. Motor vehicle theft also saw a rise in 2019 but dropped to no records in 2021 and 2022. Interestingly, fraud incidents have steadily declined from a peak of 11 in 2018 to just 1 in 2021 and 2022. This downward trend in certain crime categories could signify improved security measures or changes in community dynamics, making it an appealing point for potential investors and homeowners.
Demographics
LaGrange County, Indiana shows a fairly balanced gender distribution among its adult population. Educational attainment appears to be skewed towards those with less formal education, with a significant portion of adults having not completed high school. Age distribution hints at a younger demographic base, particularly with more children under ten than adults over 65, suggesting a future population growth. The racial makeup is predominantly White, with minimal representation from other racial... Read more
Race Distribution in LaGrange County, Indiana (2022)
Educational Attainment in LaGrange County, Indiana (2022)
Age Distribution in LaGrange County, Indiana
Citizen Population in LaGrange County, Indiana (2022)
Political Trends & Data
In Lagrange County, Indiana, the 2020 U.S. Presidential Election results indicate a solid conservative tilt, with roughly 76% of voters supporting the Republican candidate. Democrats received about 22% of the vote, whereas the Libertarian Party managed to capture just under 2%. The overwhelming Republican support could influence local policy preferences and, potentially, aspects of the real estate market, such as development regulations or tax... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lagrange County, Indiana, the 2020 U.S. Presidential Election showed a significant leaning towards the Republican Party, with approximately 76% of the votes. Democrats garnered around 22%, while the Libertarian Party saw a minimal share of just under 2%. This suggests a strong preference for conservative policies among residents, though the presence of minor parties remains virtually non-existent.
76.27% of voters voted for the Republican party in the 2020 Presidential Election
22.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.58% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Lagrange County, Indiana, the student-to-teacher ratio has fluctuated between 14 to 16 over the past decade, peaking at 16 in 2020 and dropping to 14 in 2021 and 2017. These variations could impact decisions for potential investors or movers, as higher ratios might indicate larger class sizes and overburdened teachers. Understanding these trends is crucial for appraisers, insurance agents, and real estate professionals, as it provides insights into the education system's stability, which can... Read more
Student-to-teacher ratio in Lagrange County, Indiana over the last 10 years
In Lagrange County, Indiana, the student-to-teacher ratio has shown notable fluctuations over the past decade, with values ranging between approximately 14 and 16. A peak was observed in 2020 with a ratio of 16 students per teacher, while the ratio dropped to about 14 in 2017 and 2021. This variability could influence decisions for those looking to invest in or move to the area, as a higher ratio might suggest larger class sizes and potentially overburdened teachers, which can impact educational quality. Additionally, for appraisers, insurance agents, and real estate professionals, understanding these trends might provide insights into the local education system's stability and attractiveness. Notably, Lagrange County’s ratios often hover slightly above the national average of 14 students per teacher, indicating a potential area of concern or improvement.
