Marshall County Real Estate and Livability Trends
Marshall County, Indiana has experienced significant growth trends that signal economic vitality and evolving housing preferences. Average taxable income per tax return rose sharply from $47,406.43 in 2013 to around $68,742.49 in 2021. Median home values also increased from $123,100 in 2015 to $170,800 in 2022, indicating a robust housing market. Real estate taxes have more than doubled, reaching... Read more
Marshall County Market Trends
Marshall County, Indiana's median home values have risen from $123,100 in 2015 to $170,800 in 2022, comparing favorably to Indiana's overall increase. Despite fluctuating residential energy tax credits, with peaks in 2018 ($1,025.00) and 2021 ($938.10), the county shows a growing interest in energy-efficient upgrades. Real estate taxes have more than doubled over the past decade, reaching... Read more
Median Value of Occupied Housing Units in Marshall County, Indiana Over the Last 8 Years
Marshall County, Indiana's median home values have shown a meaningful increase over the last eight years, jumping from $123,100 in 2015 to $170,800 in 2022. Compared to Indiana's statewide rise from $124,200 to $183,600 in the same period, Marshall County offers a somewhat more affordable option. While the national median rose from $125,500 to $179,400, Marshall County's growth trajectory aligns closely with broader trends, making it a compelling consideration for investors and homebuyers eyeing a stable yet increasingly valuable market.
Residential Energy Tax Credit Per Tax Return in Marshall County, IN Over the Last 9 Years
Over the last nine years, Marshall County, Indiana, has seen significant fluctuations in the average residential energy tax credit per tax return. The most notable surges occurred in 2018 ($1025.00) and 2021 ($938.10), suggesting a growing interest in energy-efficient improvements. Such investments are attractive options for homeowners and real estate investors looking to reduce long-term energy costs. For appraisers and insurance agents, keeping an eye on energy-efficient upgrades can be crucial when assessing property values and risk profiles. The varying credit amounts highlight a community responsive to energy-saving initiatives, indicating potential for further growth in sustainable living practices.
Average Real Estate Taxes Per Tax Return in Marshall County, IN Over the Last 10 Years
Real estate taxes per tax return in Marshall County, Indiana have shown a significant upward trend over the past decade. Starting at $1,806.53 in 2012, taxes have more than doubled, reaching $4,120.00 by 2021. The sharpest increase was observed between 2016 and 2019, indicating a possibly strong correlation with rising property values or increased county funding needs. This continuous rise in real estate taxes is crucial for potential investors and homeowners to consider, as it impacts the overall cost of property ownership and could influence long-term investment returns and living expenses.
Percentage of Farm Returns in Marshall County, IN Over the Last 10 Years
Over the past decade in Marshall County, Indiana, the percentage of farm tax returns has shown a subtle yet consistent downward trend, going from approximately 3.68% in 2012 to around 3.07% in 2021. Farm tax returns are crucial for understanding agricultural activity, as they reflect farmers' earnings and land usage which in turn can indicate the economic health and viability of farming in the area. For those looking to invest, move to, or build property in Marshall County, these trends could suggest a slight shift away from agricultural income, potentially indicating broader economic diversification or challenges within the farming sector. This could be particularly pertinent for stakeholders looking into the sustainability and future opportunities in local agriculture.
Number of Mortgages by Occupancy Type in Marshall County, IN Over the Last 5 Years in Marshall County
Mortgages for principal residences in Marshall County, Indiana have shown a consistently dominant presence over the last five years, peaking at 2688 in 2021 but experiencing a notable dip to 1903 in 2022. Investment properties saw a slight uptick through 2020 but decreased significantly by 2022. Second residences have had relatively stable but low numbers, with minor fluctuations year-over-year. Shifts in occupancy type can indicate changing economic conditions or lifestyle preferences. For investors, a decrease in investment property mortgages might suggest a cooling market, potentially leading to better acquisition opportunities. Those moving to or living in the area should consider the dominance of principal residences, which typically indicates a stable, family-friendly community. For appraisers and insurance agents, these trends can point to evolving risk profiles and property values, guiding accurate assessments and policy adjustments. Real estate agents and builders might seize opportunities to diversify offerings in response to such dynamics.
Economic Outlook
Marshall County, Indiana has seen a steady rise in average taxable income per tax return, climbing from $47,406.43 in 2013 to approximately $68,742.49 in 2021, with a notable jump between 2020 and 2021. This could indicate improving economic conditions and possibly higher disposable incomes for residents. Average state and local income taxes have surged over the past decade, reaching $17,304.41 in 2020, reflecting potential economic growth and increased household incomes. Additionally, the... Read more
Average Taxable Income per Tax Return in Marshall County, IN over the last 9 years
The average taxable income per tax return in Marshall County, Indiana has generally been on an upward trend over the past nine years. From $47,406.43 in 2013 to approximately $68,742.49 in 2021, this steady increase suggests a potentially improving economic environment. Notably, there's an apparent sharp rise between 2020 and 2021, from $59,954.03 to $68,742.49, which might indicate new economic activities or shifts in the local economy. For investors, this upward trend could imply a growing market with possibly higher disposable incomes, while those considering a move or building property may find a community reflecting positive economic growth.
Average State and Local Income Taxes Per Tax Return in Marshall County, IN Over the Last 10 Years
Marshall County, Indiana has experienced a significant rise in average state and local income taxes per tax return over the past decade. Starting at $5,630.49 in 2012, taxes saw a relatively steady increase through 2017, peaking dramatically in 2018 at $10,392.21, and reaching $17,304.41 in 2020. This upsurge in local tax burden could suggest economic growth and increased household incomes, making it a notable detail for potential investors and residents evaluating the area's economic vitality and fiscal environment.
Average Total Tax Liability Per Tax Return in Marshall County, IN Over the Last 10 Years
Marshall County, Indiana has seen a notable increase in average total tax liability per tax return over the past decade, from approximately $7,248.24 in 2012 to around $9,669.70 in 2021. This upward trend might indicate rising incomes or higher tax rates, making it a critical consideration for potential investors, property developers, or those contemplating a move to the area. The sharp rise post-2018, culminating in a noticeable spike in liability, suggests potential economic growth or policy changes affecting taxes. This data is valuable for understanding the economic climate and planning financial commitments in the region.
Cost of Living in Marshall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,127 | $1,347 | $1,808 | $1,258 | $1,075 |
| 1 adult 4 children | $1,127 | $1,100 | $1,382 | $1,258 | $1,154 |
| 2 adults 3 children | $1,127 | $1,101 | $1,569 | $1,258 | $884 |
| 1 adult 3 children | $1,127 | $898 | $1,143 | $1,258 | $938 |
| 2 adults 2 children | $829 | $901 | $1,330 | $1,099 | $776 |
| 1 adult 2 children | $829 | $673 | $904 | $1,099 | $686 |
| 2 adults 1 child | $829 | $712 | $1,091 | $585 | $716 |
| 1 adult 1 child | $829 | $460 | $665 | $585 | $595 |
| 2 adults | $673 | $572 | $852 | $0 | $610 |
| 1 adult | $578 | $312 | $426 | $0 | $496 |
Safety trends & Data
In Marshall County, Indiana, property crime has shown a mixed trend over the past three years. Larceny-theft has notably decreased from 78 incidents in 2018 to 40 in 2020. Burglary records, however, spiked to 8 in 2020 after being as low as 1 in 2019. Motor vehicle theft incidents have remained low and stable, with minimal activity in vandalism and forgery-and-counterfeiting. These fluctuations might influence perceptions of safety and property values, offering valuable insights for potential... Read more
Property Crime Trends in Marshall County, IN Over the Last 3 Years
Property crime in Marshall County, Indiana has fluctuated over the past three years, with notable declines in larceny-theft from 78 in 2018 to 40 in 2020. Burglary incidents have seen an inconsistent pattern, peaking at 8 in 2020 after dropping to just 1 in 2019. Motor vehicle theft remains relatively low but consistent, and incidents of vandalism and forgery-and-counterfeiting have also stayed minimal. Potential investors and residents might find these trends important for assessing safety and property values in the area, while appraisers and insurance agents could utilize this data for risk assessment and policy formulation.
Demographics
Marshall County, Indiana, shows a fairly balanced adult population gender-wise, with just a slight edge in females. Educational attainment data reveals a significant portion of residents with at least a high school diploma or equivalent, yet there's notable diversity in levels of higher education. The age distribution highlights a larger segment of middle-aged and older adults, which might suggest potential challenges in youth retention. When it comes to race, the area is predominantly White,... Read more
Race Distribution in Marshall County, Indiana (2022)
Educational Attainment in Marshall County, Indiana (2022)
Age Distribution in Marshall County, Indiana
Citizen Population in Marshall County, Indiana (2022)
Political Trends & Data
Marshall County, Indiana showed strong conservative leanings in the 2020 U.S. Presidential Election, with nearly 70% of votes possibly going to Republican candidates. Democrats captured slightly less than 30%, indicating a potentially substantial partisan divide. This voting trend could reflect the county's political culture, with Libertarians and minor parties receiving negligible... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marshall County in Indiana leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 70% of votes possibly going to the GOP. Democrats garnered slightly less than 30%, while Libertarians and other minor parties made up a negligible portion of the vote. This voting pattern might underscore the county's strong conservative leanings, although individual factors could vary.
69.47% of voters voted for the Republican party in the 2020 Presidential Election
28.66% of voters voted for the Democrat party in the 2020 Presidential Election
1.82% 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
Marshall County, Indiana has observed fluctuating student-to-teacher ratios between approximately fifteen to seventeen students per teacher over the past decade, above the national average of 14. This trend indicates potentially larger class sizes, possibly affecting individual student attention and performance. For prospective residents, this might weigh on their decisions regarding local school enrollment. Real estate agents and investors should consider how perceptions of education quality... Read more
Student-to-teacher ratio in Marshall County, Indiana over the last 10 years
Marshall County, Indiana has seen fluctuations in student-to-teacher ratios over the past decade, ranging from about fifteen to seventeen students per teacher. Compared to the national average of 14 students per teacher, Marshall County's higher ratio could imply slightly larger class sizes, which may affect individual student attention and performance. For potential residents, this trend might impact decisions regarding local school enrollment. Investors and real estate agents should consider how education quality perceptions could influence property values and demand. Insurance agents might also find that varying occupancy types reflect changing demographics and socio-economic factors in the county.
