Madison County Real Estate and Livability Trends
Madison County, Indiana, has seen median home values rise from $90,400 in 2015 to $135,100 in 2022, staying below state and national averages, which could attract bargain-seeking buyers. A marked increase in residential energy tax credits, especially in 2018, points to growing emphasis on energy-efficient home improvements. Real estate taxes have jumped from $1,536.83 in 2012 to $2,806.12 in... Read more
Madison County Market Trends
Median home values in Madison County, Indiana have climbed from $90,400 in 2015 to $135,100 in 2022, staying below both state and national averages. The county's notable fluctuations in residential energy tax credits, peaking at $1,440.00 in 2018, suggest rising homeowner interest in energy-efficient improvements. Real estate taxes have surged from $1,536.83 in 2012 to $2,806.12 in 2021, implying... Read more
Median Value of Occupied Housing Units in Madison County, Indiana Over the Last 8 Years
Median home values in Madison County, Indiana have seen steady growth, climbing from $90,400 in 2015 to $135,100 in 2022. While local increases align with state trends in Indiana, which went from $124,200 to $183,600 over the same period, Madison County's values remain below the state average. Nationally, the median home value rose from $125,500 to $179,400, indicating that Madison County might offer more affordable options for homebuyers. This could be especially relevant for investors seeking undervalued markets or first-time homebuyers aiming to enter the market at a lower price point.
Residential Energy Tax Credit Per Tax Return in Madison County, IN Over the Last 9 Years
Madison County, Indiana has seen notable fluctuations in residential energy tax credits over the last nine years, with a dramatic spike from $440.00 in 2017 to $1,440.00 in 2018. This surge likely indicates a significant increase in homeowners investing in energy-efficient improvements. Although the credit decreased to $629.23 in 2019 and has hovered around $575.53 to $740.00 since, these values signal consistent engagement in energy-efficient upgrades. For investors, real estate agents, and property developers, this trend suggests a local market increasingly attentive to energy efficiency, potentially enhancing property values and attracting eco-conscious buyers.
Average Real Estate Taxes Per Tax Return in Madison County, IN Over the Last 10 Years
Over the last decade, Madison County, Indiana, has seen a marked increase in average real estate taxes per tax return, jumping from approximately $1,536.83 in 2012 to around $2,806.12 in 2021. This upward trend became particularly pronounced from 2017 onward, with a notable spike between 2017 and 2018. For those investing, moving, or involved in real estate in this county, this information suggests an upward movement in property valuations and possibly reflects enhanced public services or infrastructural developments that could justify these rising taxes.
Percentage of Farm Returns in Madison County, IN Over the Last 10 Years
Over the last decade, Madison County, Indiana, saw a gradual decline in the percentage of farm tax returns filed, starting from approximately 1.08% in 2012 and dipping to about 0.88% in 2021. This downward trend might suggest shifting economic priorities or changes in the agricultural landscape within the county. For those looking to invest, move to, or build property in Madison County, this could imply a diversification of economic activity away from farming, potentially opening opportunities in other sectors. Farm tax returns represent the reported income and expenses from farming activities, which serve as a key indicator of the agricultural sector's health and overall economic contribution to a region.
Number of Mortgages by Occupancy Type in Madison County, IN Over the Last 5 Years in Madison County
Mortgage trends in Madison County, Indiana show a marked preference for principal residences over investment or second properties. Investors might find the steady, though relatively minor, rise in investment mortgages from 2018 to 2022 noteworthy as it signals slow but potential growth in rental markets. The significant fluctuations in principal residence mortgages, peaking dramatically in 2021, could be essential for appraisers and real estate agents to consider when assessing market demand and property values. For those proposing new developments or interested in moving to the area, understanding these shifts might hint at underlying economic or demographic factors driving homeownership trends, which could affect future housing market stability and growth potential.
Economic Outlook
Madison County, Indiana has experienced a steady rise in average taxable income per tax return, climbing from $42,928.89 in 2013 to $58,327.53 in 2021, suggesting an improving economic environment that could appeal to investors and new residents. Concurrently, the average state and local income taxes have significantly increased, doubling from $4,654.92 in 2012 to $9,578.57 in 2021. The average total tax liability per tax return has also risen from $5,948.85 in 2012 to $8,362.27 in 2021.... Read more
Average Taxable Income per Tax Return in Madison County, IN over the last 9 years
Madison County, Indiana has shown a steady increase in average taxable income per tax return over the past nine years, with a notable jump from $42,928.89 in 2013 to $58,327.53 in 2021. This growth suggests an improving economic environment, which could be attractive to potential investors and those looking to relocate or develop properties. The sharp rise in 2018 and continued increase in 2021 might indicate a burgeoning local economy, possibly driven by new business developments or favorable employment conditions. For residents and stakeholders, this upward trend may signal greater financial stability and growth opportunities in the region.
Average State and Local Income Taxes Per Tax Return in Madison County, IN Over the Last 10 Years
Over the last decade, Madison County, Indiana has seen a significant increase in average state and local income taxes per tax return, jumping from $4,654.92 in 2012 to $9,578.57 in 2021. This upward trend, with a notable leap in 2018, highlights the growing tax burden on residents. Potential investors and homebuyers should consider these rising taxes when evaluating the area's economic climate and cost of living.
Average Total Tax Liability Per Tax Return in Madison County, IN Over the Last 10 Years
Over the last decade, Madison County, Indiana has seen a noticeable increase in the average total tax liability per tax return. Starting from $5,948.85 in 2012, it escalated to $8,362.27 by 2021. Interestingly, substantial spikes were observed in 2018 and 2021, hinting at possible economic changes or policy adjustments that could have affected the tax landscape. This upward trend may be crucial for potential investors, new residents, and property developers considering the financial climate's implications on future costs and investment returns within the county.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,160 | $1,307 | $1,849 | $1,613 | $1,165 |
| 1 adult 4 children | $1,160 | $1,067 | $1,422 | $1,613 | $1,265 |
| 2 adults 3 children | $1,160 | $1,068 | $1,600 | $1,613 | $971 |
| 1 adult 3 children | $1,160 | $872 | $1,173 | $1,613 | $1,044 |
| 2 adults 2 children | $908 | $874 | $1,351 | $1,419 | $850 |
| 1 adult 2 children | $908 | $653 | $924 | $1,419 | $787 |
| 2 adults 1 child | $908 | $691 | $1,103 | $791 | $763 |
| 1 adult 1 child | $908 | $446 | $676 | $791 | $642 |
| 2 adults | $696 | $555 | $854 | $0 | $589 |
| 1 adult | $638 | $303 | $427 | $0 | $490 |
Safety trends & Data
Madison County, Indiana has experienced a noticeable decline in property crimes over the past five years, with burglary arrests dropping from 105.00 in 2018 to 22.00 in 2022, and larceny-theft arrests decreasing from 417.00 to 143.00. This trend may appeal to investors and homebuyers, as it indicates an improving public safety climate, which could lead to lower insurance premiums and higher property values. Such conditions might make Madison County an appealing spot for development and real... Read more
Property Crime Trends in Madison County, IN Over the Last 5 Years
Over the past five years, Madison County, Indiana, has seen a noticeable decline in property crimes, particularly in categories such as burglary, larceny-theft, and vandalism. For instance, burglary arrests dropped from 105.00 in 2018 to just 22.00 in 2022, and larceny-theft arrests decreased from 417.00 to 143.00 over the same period. This downward trend could be appealing to potential investors, homebuyers, and real estate agents, signaling an improving local public safety climate. Additionally, the significant reduction in crime may influence lower insurance premiums and higher property values, making Madison County an increasingly attractive area for development and investment.
Demographics
In Madison County, Indiana, the adult population is nearly evenly split between males and females. Educational attainment shows a considerable number of high school graduates and those with some college but no degree, while individuals holding bachelor's, graduate, or professional degrees are in the minority. Age distribution leans towards a balanced age structure, with significant representation among those aged 25 to 64 years. The racial composition is predominantly White, with smaller but... Read more
Race Distribution in Madison County, Indiana (2022)
Educational Attainment in Madison County, Indiana (2022)
Age Distribution in Madison County, Indiana
Citizen Population in Madison County, Indiana (2022)
Political Trends & Data
Madison County, Indiana, leaned towards the Republicans in the 2020 U.S. Presidential Election, capturing roughly 60% of the vote. Democrats received approximately 38%, showing a notable minority presence. Minor parties, such as Libertarians and Greens, made up around 2% of the votes, hinting at some interest in alternatives beyond the two dominant... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Madison County, Indiana, saw a potential Republican leaning in the 2020 U.S. Presidential Election with approximately 60% of the votes. The Democrats garnered around 38%, indicating a significant, but not majority, support base. Minor party candidates, including Libertarians and Greens, collectively accounted for about 2% of the votes, suggesting limited but existing interest in alternatives to the two major parties.
60.27% of voters voted for the Republican party in the 2020 Presidential Election
37.70% of voters voted for the Democrat party in the 2020 Presidential Election
1.98% 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
0.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
Madison County, Indiana's student-to-teacher ratio has dropped from 19 in 2014 to just over 15 in 2023. This trend potentially indicates improving educational quality, which could raise property values and desirability. Lower ratios often lead to better educational outcomes, possibly bolstering economic opportunities in the... Read more
Student-to-teacher ratio in Madison County, Indiana over the last 10 years
Madison County, Indiana has seen its student-to-teacher ratio decrease over the past decade, dropping from 19 in 2014 to just over 15 in 2023. This trend matters for potential investors, residents, appraisers, and real estate agents, as a lower student-to-teacher ratio could suggest a higher quality of education compared to the national average of 14 students per teacher. Such improvements may lead to increased property values and desirability, influencing both educational outcomes and economic opportunities in the area.
