LaPorte County Real Estate and Livability Trends
LaPorte County, Indiana has seen a consistent rise in median home values, from $123,300.00 in 2015 to $166,200.00 in 2022, making homes a steadily appreciating asset. Average taxable income is also on the rise, suggesting growing economic vitality, yet fluctuations in poverty rates and increasing tax liabilities highlight underlying economic challenges. The mortgage landscape shows a rise in... Read more
LaPorte County Market Trends
In LaPorte County, Indiana, median home values have risen consistently from $123,300 in 2015 to $166,200 in 2022, indicating a steadily appreciating asset. Despite trailing behind Indiana's overall median home value, this upward trend aligns with national patterns. Residential energy tax credits have varied significantly, with notable spikes like $1,470.00 in 2018, suggesting evolving energy... Read more
Median Value of Occupied Housing Units in LaPorte County, Indiana Over the Last 8 Years
Seeing a consistent rise in median home values, LaPorte County, Indiana, has experienced significant growth from $123,300 in 2015 to $166,200 in 2022. Compared to Indiana’s overall median home value, LaPorte County's market has been trailing behind yet showing a steady upward trend. In the last couple of years, this growth seems more pronounced, aligning with the broader national trend where home values have been climbing from $125,500 in 2015 to $179,400 in 2022. For those interested in real estate investment or relocating to this area, this steady increase indicates a potentially appreciating asset, albeit at a more accessible price compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in LaPorte County, IN Over the Last 9 Years
In LaPorte County, Indiana, the average residential energy tax credit per tax return has displayed considerable shifts over the past nine years, starting at around $255.29 in 2013 and spiking to significant heights like $1,470.00 in 2018. There's a notable general upward trend, with figures like $441.82 in 2017 and $834.44 in 2021, illustrating increased incentives for energy efficiency. This data might suggest evolving policies or growing adoption of energy-efficient technologies, making the county potentially attractive for eco-conscious investors and property developers. The fluctuations also imply that tax benefits linked to residential energy improvements could significantly impact financial planning for both homeowners and real estate professionals in the area.
Average Real Estate Taxes Per Tax Return in LaPorte County, IN Over the Last 10 Years
Over the past decade, LaPorte County, Indiana, has witnessed some volatile trends in average real estate taxes per tax return, experiencing significant jumps in certain years. There was an impressive increase from $2,473.38 in 2012 to a peak of $4,802.92 in 2020, despite a substantial drop to $2,005.67 in 2013. Such fluctuations could attract investors looking for potentially lucrative property tax forecasts and real estate trends, but may also necessitate cautious appraisal and insurance evaluations. Real estate agents and potential movers should consider these irregular patterns in their planning and financial decisions.
Percentage of Farm Returns in LaPorte County, IN Over the Last 10 Years
Over the past decade, LaPorte County, Indiana has seen a slight decline in the percentage of farm tax returns, dropping from approximately 1.18% in 2012 to about 0.96% in 2021. Farm tax returns, which are essentially filed income or property tax returns for farming activities, provide significant insights into the agricultural economic health of the area. This trend could signal shifts in the local economy, possibly affecting investment opportunities and planning for those considering agricultural ventures or property development in the region. The steady decline may hint at increasing urbanization or a shift towards other industries.
Number of Mortgages by Occupancy Type in LaPorte County, IN Over the Last 5 Years in LaPorte County
LaPorte County, Indiana shows intriguing shifts in its mortgage landscape over the past five years, with principal residences consistently making up the bulk of mortgages, peaking notably in 2021. Investment property mortgages have experienced a steady rise from 238 in 2018 to 367 by 2022, suggesting a growing interest in rental and commercial opportunities. Second residence loans peak in 2020 at 451, perhaps due to more individuals seeking vacation homes. Changes in these occupancy types can significantly impact investment decisions, market appraisals, and risk assessments for insurance agents. They also inform developers and real estate agents about buyer priorities and potential market shifts.
Economic Outlook
Over the past nine years, LaPorte County, Indiana has seen a significant rise in average taxable income per tax return, jumping from about $48,336.08 in 2013 to roughly $64,120.65 in 2021, suggesting a possible growth in economic vitality that could attract investors and property developers. Alongside, state and local income taxes per tax return have also surged from $4,721.20 in 2012 to $11,422.35 in 2021, indicating broader economic changes and potentially impacting financial planning for... Read more
Average Taxable Income per Tax Return in LaPorte County, IN over the last 9 years
Over the past nine years, LaPorte County, Indiana has seen a notable increase in average taxable income per tax return, jumping from approximately $48,336.08 in 2013 to around $64,120.65 in 2021. This steady rise, particularly the significant boost seen between 2020 and 2021, possibly reflects a growing economic vitality and could be an attractive indicator for potential investors and property developers eyeing the area. Higher average taxable incomes often suggest a more affluent population, which can drive demand for real estate and higher-end goods and services.
Average State and Local Income Taxes Per Tax Return in LaPorte County, IN Over the Last 10 Years
Over the past decade, LaPorte County, Indiana has seen a notable increase in average state and local income taxes per tax return, spiking from $4,721.20 in 2012 to $11,422.35 in 2021. This significant upward trend reflects broader economic changes and could affect financial planning for families and businesses considering relocating or investing in the area. A keen eye on these tax developments could offer valuable insights for long-term financial planning.
Average Total Tax Liability Per Tax Return in LaPorte County, IN Over the Last 10 Years
Over the past decade in LaPorte County, Indiana, the total tax liability per tax return has shown a general upward trend, peaking at $10,543.60 in 2021. This suggests rising economic activity or changes in tax policy affecting residents. Such trends could catch the eye of potential investors, homebuyers, and developers considering the area for its evolving financial landscape. While there was some fluctuation, the consistent increase indicates a robust, possibly growing economy which might be appealing for long-term investments.
Cost of Living in LaPorte County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,214 | $1,391 | $1,724 | $1,658 | $1,204 |
| 1 adult 4 children | $1,214 | $1,136 | $1,325 | $1,658 | $1,315 |
| 2 adults 3 children | $1,214 | $1,137 | $1,492 | $1,658 | $1,007 |
| 1 adult 3 children | $1,214 | $928 | $1,094 | $1,658 | $1,093 |
| 2 adults 2 children | $936 | $931 | $1,260 | $1,459 | $868 |
| 1 adult 2 children | $936 | $695 | $862 | $1,459 | $836 |
| 2 adults 1 child | $936 | $735 | $1,029 | $813 | $792 |
| 1 adult 1 child | $936 | $475 | $630 | $813 | $658 |
| 2 adults | $754 | $591 | $797 | $0 | $608 |
| 1 adult | $626 | $322 | $399 | $0 | $488 |
Safety trends & Data
Property crime trends in LaPorte County, Indiana, show an uptick in burglary, peaking at 98 arrests in 2022, and a fluctuating but significant number of larceny-theft incidents, reaching 297 arrests the same year. Arson incidents, although typically low, spiked to 11 in 2022, raising potential concerns. Motor vehicle thefts have been gradually rising, hitting 48 in 2022. These trends might inform investors, real estate agents, and insurance providers assessing property-related risks in the... Read more
Property Crime Trends in LaPorte County, IN Over the Last 5 Years
The property crime trends in LaPorte County, Indiana, reveal some interesting patterns over the last five years. Burglary and larceny-theft have consistently higher numbers, with burglary arrests peaking at 98 in 2022. Larceny-theft remains the most prevalent, fluctuating slightly but reaching 297 arrests in the same year. Meanwhile, incidents of arson, though generally low, spiked to 11 in 2022, raising some concerns. Motor vehicle thefts show a gradual increase, topping at 48 in 2022. These trends could be valuable for potential investors, real estate agents, and insurance providers looking to gauge property-related risks in this region.
Demographics
In LaPorte County, Indiana, the adult population leans slightly more male. Educational attainment reveals a diverse range, with a significant portion holding only a high school diploma and a relatively smaller crowd achieving graduate or professional degrees. The age spread is fairly balanced with notable spikes in the 25-34 and 55-64 brackets, hinting at a blend of young families and nearing-retirement individuals. The racial composition remains predominantly White, though there is a... Read more
Race Distribution in LaPorte County, Indiana (2022)
Educational Attainment in LaPorte County, Indiana (2022)
Age Distribution in LaPorte County, Indiana
Citizen Population in LaPorte County, Indiana (2022)
Political Trends & Data
In La Porte County, Indiana, the 2020 U.S. Presidential Election results might suggest a politically diverse electorate with a possible Republican leaning, as they secured approximately 52.6% of the vote. Democrats followed closely with around 45.4%, and Libertarians captured nearly 2%. The absence of votes for third-party candidates such as the Green Party could indicate limited support or ballot options in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In La Porte County, Indiana, the 2020 U.S. Presidential Election results potentially indicate a leaning towards the Republican party, which garnered roughly 52.6% of the vote. The Democrats trailed with about 45.4%, while Libertarians captured nearly 2%. This distribution might suggest a politically diverse electorate, though the absence of votes for third-party candidates like the Green Party or others could reflect limited support or ballot options in the area.
52.63% of voters voted for the Republican party in the 2020 Presidential Election
45.41% of voters voted for the Democrat party in the 2020 Presidential Election
1.96% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Laporte County, Indiana has shown a variable student-to-teacher ratio, peaking near 18 in 2016 but dipping below the national average of 14 since 2021. Investors and realtors might find a lower ratio indicative of an improving educational system, appealing to families. Insurers and appraisers could see this as a sign of community stability, while builders and developers might anticipate a growing demand for family-oriented housing. Residents and newcomers might appreciate the potential for... Read more
Student-to-teacher ratio in Laporte County, Indiana over the last 10 years
Laporte County, Indiana has seen a fluctuating student-to-teacher ratio over the past decade, with values peaking at nearly 18 in 2016 and dipping below the national average of 14 starting in 2021. This trend could be particularly relevant for investors and realtors as a lower student-to-teacher ratio may indicate an improving education system, which can be an attractive selling point for families. For insurers and appraisers, a good educational environment might suggest stable community values. Builders and developers might infer a growing demand for family-oriented housing, while those living or moving to the area could appreciate potential enhancements in educational quality.
