Lawrence County Real Estate and Livability Trends
Lawrence County, Indiana's real estate market reflects increasing economic strength with average taxable income per tax return rising from $43,121.47 in 2013 to $57,698.63 in 2021. However, this economic growth is accompanied by a surge in state and local income taxes, doubling property taxes to $2,750.94 by 2021, which may impact living costs and property values. Median home values reached... Read more
Lawrence County Market Trends
Lawrence County, Indiana has seen median home values rise steadily, hitting $146,700 in 2022. This figure is below both the state average of $183,600 and the national average of $179,400, suggesting potential undervaluation and appeal for investors. Residential energy tax credits peaked sharply in 2018 at $1,633.33, indicating possible policy changes and commitments to energy efficiency,... Read more
Median Value of Occupied Housing Units in Lawrence County, Indiana Over the Last 8 Years
Over the past eight years, Lawrence County, Indiana has seen median home values intermittently rise but experience significant jumps more recently, peaking at $146,700 in 2022. Although still more affordable compared to the rest of Indiana and the national average, which reached $183,600 and $179,400 respectively in 2022, it suggests potential undervaluation and may interest investors looking for growth potential. This increasing trend could also make it an interesting target for property development or relocation for those looking for a promising yet cost-effective area.
Residential Energy Tax Credit Per Tax Return in Lawrence County, IN Over the Last 9 Years
Lawrence County, Indiana, has seen notable fluctuations in residential energy tax credits per tax return over the past decade. The most dramatic increase appears to be in 2018 with an average credit of $1,633.33, which could indicate a significant policy change or substantial investments in energy-efficient upgrades that year. Post-2018, the average credit stabilized but still showed elevated levels compared to prior years, with 2021 closing at $806.82. These trends could suggest an ongoing commitment to energy efficiency among residents, potentially attracting environmentally conscious investors or buyers. For appraisers and insurance agents, understanding these patterns is crucial as they may affect property valuations and risk assessments.
Average Real Estate Taxes Per Tax Return in Lawrence County, IN Over the Last 10 Years
Lawrence County, Indiana has seen a marked increase in average real estate taxes per tax return over the past decade, with figures rising from approximately $1,425.20 in 2012 to $2,750.94 in 2021. This trend suggests a steady escalation in property tax burdens, which could impact decisions for investors, homebuyers, and real estate professionals considering the area. The noticeable jumps in recent years, particularly between 2018 and 2021, indicate a dynamic shift that stakeholders should analyze further when evaluating property market conditions in the county.
Percentage of Farm Returns in Lawrence County, IN Over the Last 10 Years
The percentage of farm tax returns in Lawrence County, Indiana, has shown slight fluctuations over the last decade. From reaching a peak of 3.71% in 2013, the figures dipped to around 3.21% by 2019, with a modest recovery towards 3.31% in 2021. Farm tax returns are a good indicator of agricultural activity and economic health in the county, providing insights into the reliance on farming as a livelihood. For investors or new residents, these trends may suggest a relatively stable yet gradually declining farm-driven economy, potentially affecting property values, investment opportunities, and community resources in Lawrence County.
Number of Mortgages by Occupancy Type in Lawrence County, IN Over the Last 5 Years in Lawrence County
Lawrence County, Indiana has seen a steady growth in the number of mortgages for principal residences over the last five years, with figures showing a rise from 1,601 in 2018 to 2,219 in 2022. Investment property mortgages have remained relatively low but stable, peaking slightly in 2022 at 58. Second residences make up the smallest segment, though there’s been a slight increase in recent years. Changes in the type of occupancy might indicate shifting demands and priorities in the housing market; principal residences growing suggests a strengthening community and could correlate with local economic improvements, whereas a stable investment property market indicates consistent rental or secondary income opportunities. For investors, appraisers, and real estate agents, understanding these trends could be key to forecasting future market conditions and making informed decisions about property development and pricing.
Economic Outlook
Lawrence County, Indiana's real estate market shows a rising average taxable income per tax return, growing from $43,121.47 in 2013 to $57,698.63 by 2021, hinting at an economically strengthening area. Concurrently, state and local income taxes per tax return have significantly increased from $4,636.18 in 2012 to $9,213.56 in 2021, pointing towards notable fiscal changes possibly driven by economic growth or policy shifts. Additionally, the average total tax liability per tax return has climbed... Read more
Average Taxable Income per Tax Return in Lawrence County, IN over the last 9 years
Investors and property developers looking at Lawrence County, Indiana might find the steady increase in average taxable income per tax return over the past nine years appealing. This upward trend, from $43,121.47 in 2013 to $57,698.63 in 2021, suggests a potentially growing and more prosperous local economy. For those considering a move or investment, a rising average taxable income could indicate economic resilience and a potentially improving quality of life in the area.
Average State and Local Income Taxes Per Tax Return in Lawrence County, IN Over the Last 10 Years
Lawrence County, Indiana has seen a compelling upward trend in average state and local income taxes per tax return over the last decade. Starting at $4,636.18 in 2012, this figure has gradually climbed to $9,213.56 by 2021. This notable increase, particularly the sharp jumps observed post-2017, signals significant fiscal changes likely linked to economic growth or policy reforms. For investors and property developers, this tax trend could indicate a more robust local economy and evolving fiscal landscape, critical elements for strategic planning and financial forecasting.
Average Total Tax Liability Per Tax Return in Lawrence County, IN Over the Last 10 Years
The average total tax liability per tax return in Lawrence County, Indiana has generally been on the rise over the last decade. Starting at about $5,649.42 in 2012, there was a notable increase to approximately $7,612.40 by 2021, with a few fluctuations in between. This uptick suggests that the financial obligations of residents have grown, which could impact cost-of-living assessments. Investors and prospective residents might find this trend indicative of broader economic shifts that could affect both property values and local economic health.
Cost of Living in Lawrence County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,042 | $1,235 | $1,847 | $1,261 | $1,001 |
| 1 adult 4 children | $1,042 | $1,008 | $1,412 | $1,261 | $1,072 |
| 2 adults 3 children | $1,042 | $1,009 | $1,603 | $1,261 | $825 |
| 1 adult 3 children | $1,042 | $823 | $1,168 | $1,261 | $861 |
| 2 adults 2 children | $856 | $826 | $1,358 | $1,102 | $765 |
| 1 adult 2 children | $856 | $617 | $924 | $1,102 | $677 |
| 2 adults 1 child | $856 | $653 | $1,114 | $587 | $709 |
| 1 adult 1 child | $856 | $421 | $679 | $587 | $592 |
| 2 adults | $650 | $524 | $870 | $0 | $589 |
| 1 adult | $572 | $286 | $435 | $0 | $484 |
Safety trends & Data
Lawrence County, Indiana has seen larceny-theft peak at 55.0 incidents in 2021, while burglary incidents surged to 16.0 in 2022. Motor vehicle theft saw a notable drop in 2021 to just 1.0 incident. These dynamic crime trends could impact property values and insurance rates, and should be a key consideration for real estate professionals and potential residents evaluating neighborhood... Read more
Property Crime Trends in Lawrence County, IN Over the Last 5 Years
Lawrence County, Indiana has experienced varied trends in property crime over the last five years. Larceny-theft remains the most prevalent, peaking at 55.0 incidents in 2021. Notably, burglary incidents surged to 16.0 in 2022, reflecting a significant increase from previous years. Conversely, motor vehicle theft has been sporadic, with a substantial reduction in 2021 to just 1.0 incident. These shifting crime dynamics are essential for potential investors, as they may influence property values and insurance rates. Real estate professionals and individuals considering moving to the area should particularly note the fluctuating burglary and theft rates when evaluating neighborhood safety.
Demographics
In Lawrence County, Indiana, the adult population skews slightly female, and educational attainment reveals a significant proportion holding high school diplomas or some college education. The age distribution showcases a balanced demographic spread, albeit with a notable concentration in older age brackets, particularly among those 55 to 64 years old. Racial diversity is minimal, with the vast majority identifying as White. These trends could impact local policies on education and senior care,... Read more
Race Distribution in Lawrence County, Indiana (2022)
Educational Attainment in Lawrence County, Indiana (2022)
Age Distribution in Lawrence County, Indiana
Citizen Population in Lawrence County, Indiana (2022)
Political Trends & Data
Lawrence County, Indiana, exhibited a strong Republican preference in the 2020 U.S. Presidential Election, with nearly 74% of votes potentially going to the GOP. The Democratic party received around 24% of the vote, highlighting a significant political divide. Minor parties like the Libertarians captured just over 2%, indicating a small, yet meaningful third-party presence. This voting behavior suggests a deeply conservative electorate, possibly mirroring broader regional political trends and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lawrence County, Indiana showed a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with approximately 74% of the vote potentially supporting the GOP. The Democratic party secured around 24% of the vote, a notable gap that could indicate strong conservative inclinations in this region. Minor parties, such as the Libertarian party, garnered just over 2%, which suggests limited but present third-party influence. This voting pattern might reflect broader state or regional political trends and potentially guide future campaign strategies.
74.20% of voters voted for the Republican party in the 2020 Presidential Election
23.60% of voters voted for the Democrat party in the 2020 Presidential Election
2.20% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Lawrence County, Indiana boasts a notable drop in the student-to-teacher ratio from over 15 between 2014 and 2016 to 12.8 in 2023, dipping below the national average of 14. This trend suggests improved educational resources or a shrinking student population. For families, real estate agents, or investors, a lower ratio often points to enhanced educational outcomes, potentially boosting property values and community appeal. This is valuable information for insurance agents and appraisers... Read more
Student-to-teacher ratio in Lawrence County, Indiana over the last 10 years
The student-to-teacher ratio in Lawrence County, Indiana has seen a decreasing trend over the last decade. Starting at over fifteen students per teacher between 2014 and 2016, the ratio gradually declined to around 12.8 by 2023, dropping below the national average of 14. Such changes could be indicative of improving educational resources or a declining student population. For families considering a move, real estate agents, or investors, this could signal a more focused educational environment. Lower ratios are often linked to better student outcomes, which can influence property values and community appeal. Additionally, insurance agents and appraisers might find this data relevant in assessing community infrastructure and overall desirability.
