Marion County Real Estate and Livability Trends
Marion County, Indiana has seen a steady rise in average taxable income per tax return, jumping from $48,848.39 in 2013 to $66,962.12 by 2021, hinting at economic growth and increased earnings among residents. Median home values have surged from $118,300 in 2015 to $184,100 in 2022, outpacing state and national trends. Real estate taxes have grown considerably, from $2,089.82 in 2012 to $4,647.72... Read more
Marion County Market Trends
Marion County, Indiana has seen a steady increase in median home values over the past 8 years, from $118,300 in 2015 to $184,100 in 2022, outpacing both state and national trends. Average residential energy tax credits peaked dramatically in 2018 at $1,406.02, possibly due to policy incentives or increased awareness around energy efficiency, and have maintained a higher average since 2017. Real... Read more
Median Value of Occupied Housing Units in Marion County, Indiana Over the Last 8 Years
Marion County, Indiana has seen a steady increase in median home values over the past 8 years, from $118,300 in 2015 to $184,100 in 2022. This rise outpaces the broader state trend where values moved from $124,200 to $183,600 in the same timeframe and is particularly significant when compared to the national levels, which grew from $125,500 to $179,400. For investors and prospective homeowners eyeing Marion County, this growth trajectory suggests a thriving housing market, likely offering future appreciation potential. These trends could also signal greater demand or improvements in localized amenities and infrastructure.
Residential Energy Tax Credit Per Tax Return in Marion County, IN Over the Last 9 Years
Marion County, Indiana saw a notable increase in average residential energy tax credits over the past nine years, peaking dramatically in 2018 at $1406.02. This spike suggests significant investment in residential energy efficiency measures that year, perhaps due to policy incentives or increased public awareness. Although the credit dipped afterwards, it remained higher than in earlier years, averaging over $500 from 2017 onwards. This trend could indicate a growing emphasis on energy-efficient upgrades, making it a potentially attractive area for eco-conscious investors or homeowners focused on long-term cost savings.
Average Real Estate Taxes Per Tax Return in Marion County, IN Over the Last 10 Years
Over the last decade, Marion County in Indiana has seen a notable upward trend in average real estate taxes per tax return. Starting at $2,089.82 in 2012, taxes have incrementally increased each year, hitting $4,647.72 by 2021. This jump especially surged between 2017 and 2018, nearly leaping from $2,725.76 to $3,897.08. Such consistent rises suggest a dynamic real estate market, potentially reflecting higher property values and an increasing demand for infrastructure and services. This gradual increase matters for stakeholders like investors, property developers, and real estate agents who may need to factor these higher costs—indicative of a potentially thriving or gentrifying area—into their financial planning and advisory services.
Percentage of Farm Returns in Marion County, IN Over the Last 10 Years
Marion County, Indiana has seen a gradual decline in the percentage of farm tax returns over the past decade, with values starting from approximately 0.12% in 2012 down to around 0.08% in 2021. Farm tax returns, which detail the income and expenses related to farming activities, reflect a region's agricultural economic health. This decreasing trend could indicate a shift away from farming or a consolidation of farmland, potentially influencing land use decisions, property values, and investment opportunities. For those looking to invest in or move to Marion County, this trend might suggest a growing preference for residential and commercial developments over agricultural use.
Number of Mortgages by Occupancy Type in Marion County, IN Over the Last 5 Years in Marion County
Investment property mortgages in Marion County, Indiana have seen a noticeable increase, peaking in 2021 at 5,670. Principal residences consistently dominate the market, although a drop from 67,751 in 2021 to 44,361 in 2022 is evident. Second residence mortgages remain low and stable, illustrating that it's not a significant driver in this region. These patterns highlight a dynamic balance between investment-focused and owner-occupied real estate, which could influence local housing policies, market valuation, and insurance considerations. Investors might see opportunities in the upward trend of investment properties, while the variance in principal residence mortgages could signal shifting desirability or economic factors impacting homeowner decisions.
Economic Outlook
Marion County, Indiana has experienced a steady increase in average taxable income per tax return, jumping from $48,848.39 in 2013 to $66,962.12 by 2021. This indicates potential economic development and improving income levels, fueling interest among investors and prospective residents. Simultaneously, average state and local income taxes per tax return have risen significantly, from $5,886.64 in 2012 to $13,405.76 in 2021, aligning with higher earnings among locals. Average total tax... Read more
Average Taxable Income per Tax Return in Marion County, IN over the last 9 years
The average taxable income per tax return in Marion County, Indiana has shown an upward trend over the last nine years. Starting at $48,848.39 in 2013, it steadily increased, reaching $66,962.12 in 2021. This growth hints at potential economic development and increasing income levels in the area, making it an attractive prospect for investors and those considering relocation. While fluctuations are present, notably a dip in 2019, the overall increase suggests a promising economic outlook.
Average State and Local Income Taxes Per Tax Return in Marion County, IN Over the Last 10 Years
Over the past decade, Marion County, Indiana has seen a steady increase in average state and local income taxes per tax return, jumping from $5,886.64 in 2012 to $13,405.76 in 2021. This notable rise reflects overall economic growth and potentially higher earnings among residents, making it a key factor to consider for anyone interested in investing, moving, or developing property in the area. The substantial spike observed in 2018 marks a significant shift worth exploring further for understanding fiscal policies and their impact on taxpayers.
Average Total Tax Liability Per Tax Return in Marion County, IN Over the Last 10 Years
Over the past decade, Marion County, Indiana has seen a noticeable increase in the average total tax liability per tax return, peaking at $11,140.95 in 2021. Starting at roughly $8,782.81 in 2012, the trend shows a steady climb, with significant jumps around 2015 and 2020. This upward trend suggests that residents and investors might be dealing with a progressively higher tax burden, which is an important factor to consider for financial planning, property investment, and long-term residency in the county.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,327 | $1,379 | $1,807 | $1,752 | $1,274 |
| 1 adult 4 children | $1,327 | $1,126 | $1,390 | $1,752 | $1,362 |
| 2 adults 3 children | $1,327 | $1,127 | $1,564 | $1,752 | $1,054 |
| 1 adult 3 children | $1,327 | $920 | $1,147 | $1,752 | $1,140 |
| 2 adults 2 children | $1,012 | $922 | $1,321 | $1,542 | $888 |
| 1 adult 2 children | $1,012 | $689 | $904 | $1,542 | $858 |
| 2 adults 1 child | $1,012 | $729 | $1,078 | $859 | $804 |
| 1 adult 1 child | $1,012 | $471 | $661 | $859 | $681 |
| 2 adults | $852 | $586 | $835 | $0 | $631 |
| 1 adult | $732 | $319 | $418 | $0 | $500 |
Safety trends & Data
Marion County, Indiana, has witnessed a substantial drop in larceny-theft cases, declining from 2,704 in 2018 to 1,579 in 2022. Burglary and motor vehicle theft have also followed a downward trend, hinting at better public safety measures or the impact of urban development. However, the fluctuations in arson and embezzlement cases underscore variable enforcement or reporting. These changes are critical for investors, real estate agents, and residents, as they highlight evolving neighborhood... Read more
Property Crime Trends in Marion County, IN Over the Last 5 Years
Marion County, Indiana, has shown some notable trends in property crime over the past five years. Larceny-theft remains the most frequent crime, though it has seen a decline from 2,704 cases in 2018 to 1,579 in 2022. Burglary and motor vehicle theft have also trended downward, suggesting possible improvements in public safety measures or urban development. Conversely, certain categories like arson and embezzlement fluctuated, indicating variable enforcement or reporting. These shifts are crucial for potential investors, real estate agents, and residents as they reflect the changing dynamics of neighborhood security and property risks.
Demographics
Marion County, Indiana shows a slightly higher female adult population compared to the male population, with just over half having attained at least a high school diploma or equivalency. The largest share of the population falls within the young adult age range, particularly 25 to 34 years, followed by a significant representation of individuals under 10 years old. Racially, the county remains predominantly White, though there's a noticeable Black or African American community, and smaller but... Read more
Race Distribution in Marion County, Indiana (2022)
Educational Attainment in Marion County, Indiana (2022)
Age Distribution in Marion County, Indiana
Citizen Population in Marion County, Indiana (2022)
Political Trends & Data
In Marion County, Indiana, the 2020 U.S. Presidential Election results hinted at a strong Democratic leaning, with approximately 63.6% of the votes going to the Democratic Party. Republicans secured around 34.4%, and other candidates saw minimal support. This trend could reflect broader urban voting behaviors seen in major metropolitan areas, which might also influence local policy and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marion County, Indiana, voters in the 2020 U.S. Presidential Election appeared to lean significantly towards the Democratic Party, capturing about 63.6% of the votes. Republicans garnered approximately 34.4%, with minor parties and independent candidates receiving notably lower support. This potentially indicates a strong Democratic presence or influence within the county, reflecting broader urban voting patterns seen in some major metropolitan areas.
34.44% of voters voted for the Republican party in the 2020 Presidential Election
63.59% of voters voted for the Democrat party in the 2020 Presidential Election
1.86% of voters voted for the Livertarian party in the 2020 Presidential Election
0.07% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marion County, Indiana has had a variable student-to-teacher ratio over the last decade, peaking at 21 students per teacher in 2015 and dropping to about 15 students per teacher in 2022. With the national average hovering at 14, this fluctuation might influence potential movers or investors. Higher ratios could reflect local school funding or affect educational outcomes, indirectly shedding light on community growth and resource allocation... Read more
Student-to-teacher ratio in Marion County, Indiana over the last 10 years
Marion County, Indiana has seen fluctuations in its student-to-teacher ratio over the last decade, peaking at 21 students per teacher in 2015 and dropping to around 15 students per teacher in 2022. With the national average being 14 students per teacher, this variation might influence decisions for those considering moving to or investing in the area. Real estate agents and appraisers might note that higher ratios could reflect on local school funding or educational outcomes. Similarly, for insurance agents and investors, these ratios may provide indirect insights into community growth trends and resource allocation.
