Martin County Real Estate and Livability Trends
Martin County, Indiana, has seen its median home values rise from $91,800 in 2015 to $142,400 in 2022, offering potential affordability with room for growth despite lagging behind state and national averages. Real estate taxes have also steadily increased, reflecting a potentially growing property market. Mortgages for principal residences have surged, especially in 2020, hinting at... Read more
Martin County Market Trends
Martin County, Indiana, has seen its median home values climb from $91,800 in 2015 to $142,400 in 2022, though it still lags behind state and national averages. This discrepancy suggests the area may offer affordable investment opportunities with room for appreciation. Residential energy tax credits have fluctuated, hinting at varying investment levels in energy-efficient upgrades, which could... Read more
Median Value of Occupied Housing Units in Martin County, Indiana Over the Last 8 Years
Martin County, Indiana saw a consistent rise in median home values over the last eight years, jumping from $91,800 in 2015 to $142,400 in 2022. This growth, while impressive, still trails behind both the state averages, which escalated from $124,200 to $183,600 during the same period, and the national figures, which went from $125,500 to $179,400. For potential investors or homebuyers, this could indicate that Martin County offers relatively affordable options compared to broader markets, yet with a promising appreciation rate.
Residential Energy Tax Credit Per Tax Return in Martin County, IN Over the Last 8 Years
Over the last eight years in Martin County, Indiana, the average residential energy tax credit per tax return has shown significant fluctuations. After a peak at $690.91 in 2014, it dipped to just $300.00 in 2017, before soaring to $1,350.00 in 2019. This variability might indicate diverse investment levels in energy-efficient home improvements aross different years. For investors or real estate agents, these trends could suggest that homeowners are periodically incentivized to enhance energy efficiency, potentially influencing property values and insurance rates.
Average Real Estate Taxes Per Tax Return in Martin County, IN Over the Last 10 Years
Over the past decade, Martin County, Indiana has experienced a steady increase in real estate taxes per tax return, beginning at approximately $956.45 in 2012 and culminating at around $1588.89 in 2021. Notably, there was a significant jump between 2017 and 2018, where taxes jumped from $1196.55 to $1555.56. This trend could suggest a growing property market or increased property values, which might be of interest to potential investors and real estate agents, as well as appraisers and insurance agents tracking property value trends.
Percentage of Farm Returns in Martin County, IN Over the Last 10 Years
Over the last decade in Martin County, Indiana, the percentage of farm tax returns has seen slight fluctuations, typically ranging from approximately 4% to 5.13%. Farm tax returns are essential for understanding the economic footprint of agriculture within the county. This information can be particularly relevant for those looking to invest in or move to Martin County, as it provides insights into the stability and potential growth of the local agricultural sector. For property builders and developers, this trend might suggest the economic health of farming communities and their potential as long-term investments. These subtle year-to-year changes in farm returns can also inform existing residents about the resilience and adaptability of their local agricultural economy.
Number of Mortgages by Occupancy Type in Martin County, IN Over the Last 5 Years in Martin County
In Martin County, Indiana, the predominant trend over the last five years shows a clear preference for mortgages on principal residences, significantly outnumbering those for investment or second residences. Investment property mortgages have largely remained flat, suggesting limited growth in the rental market. A peak in principal residence mortgages occurred in 2020 with 458 counts, a possible indicator of heightened demand likely influenced by events like the COVID-19 pandemic. Such fluctuations in mortgage types can impact local property values, insurance assessments, and could be pivotal for real estate agents and developers planning new projects. Insurers and appraisers might also find these trends crucial for risk assessment and valuation accuracy.
Economic Outlook
The average taxable income in Martin County, Indiana, has steadily increased from $44,472.65 in 2013 to $59,685.87 in 2021, hinting at growing economic opportunities and financial stability for residents. Concurrently, state and local income taxes have roughly doubled over the past decade, reaching $9,391.67 in 2021. Potential investors or new residents might view this rising tax burden as a critical factor when assessing long-term financial commitments. The average total tax liability has also... Read more
Average Taxable Income per Tax Return in Martin County, IN over the last 9 years
The average taxable income per tax return in Martin County, Indiana, has shown a steady increase over the past nine years, jumping from $44,472.65 in 2013 to $59,685.87 in 2021. This consistent upward trend could indicate growing economic opportunities and improving financial stability for residents. Those considering investment, relocation, or property development in Martin County might find this trend promising, as it suggests a gradual rise in earning potential and perhaps an expanding local economy.
Average State and Local Income Taxes Per Tax Return in Martin County, IN Over the Last 10 Years
Martin County, Indiana has seen a notable rise in state and local income taxes per tax return over the past decade. From $4,468.66 in 2012 to $9,391.67 in 2021, there's been a steady increase, with significant jumps in recent years. This trend highlights the growing tax burden for residents and can be a crucial consideration for potential investors or new residents evaluating the economic climate and long-term financial commitments in the area.
Average Total Tax Liability Per Tax Return in Martin County, IN Over the Last 10 Years
Investors and potential residents may find the rising average total tax liability per tax return in Martin County, Indiana noteworthy, with a significant increase from $5,722.19 in 2012 to $8,031.35 in 2021. This trend suggests a growing tax burden, which could impact decisions around property investment and living costs. Despite some fluctuations, the overall upward trajectory over the decade might hint at underlying economic factors or policy changes influencing financial planning in the area.
Cost of Living in Martin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,219 | $1,738 | $1,245 | $965 |
| 1 adult 4 children | $1,005 | $995 | $1,328 | $1,245 | $1,041 |
| 2 adults 3 children | $1,005 | $995 | $1,509 | $1,245 | $801 |
| 1 adult 3 children | $1,005 | $813 | $1,099 | $1,245 | $835 |
| 2 adults 2 children | $826 | $815 | $1,279 | $1,089 | $748 |
| 1 adult 2 children | $826 | $609 | $869 | $1,089 | $662 |
| 2 adults 1 child | $826 | $644 | $1,050 | $579 | $695 |
| 1 adult 1 child | $826 | $416 | $640 | $579 | $584 |
| 2 adults | $628 | $517 | $820 | $0 | $582 |
| 1 adult | $576 | $282 | $410 | $0 | $489 |
Safety trends & Data
Property crime in Martin County, Indiana has seen a low yet variable incidence over the past four years. Larceny-theft showed small peaks in 2019 and 2020 with 2 reports each year, dipping to 1 report by 2022. Motor vehicle theft is minimal with just two cases, one each in 2019 and 2021. Burglary emerged only in 2022 with a single instance. This sporadic and relatively low number of property crimes might imply a generally secure environment, making Martin County potentially appealing for... Read more
Property Crime Trends in Martin County, IN Over the Last 4 Years
Property crime in Martin County, Indiana shows a fluctuating yet low incidence over the past four years. Larceny-theft is the most consistent, with small peaks in 2019 and 2020 at 2 reports each year, and a slight decline to 1 report by 2022. Motor vehicle theft is notably minor with only two instances, one in 2019 and another in 2021. Burglary surfaced only in the most recent year, 2022, with a single case. This sporadic and relatively low number of property crimes may suggest a generally secure environment, possibly appealing for potential property investors, new residents, and real estate professionals.
Demographics
The adult population in Martin County, Indiana, leans slightly male with close to an even split between genders. Educational attainment shows a significant portion with just a high school education, while higher education degrees are less common. The age distribution suggests a mature population, with a notable segment aged 55 and above. Racially, the county is overwhelmingly White, with minimal representation from other racial... Read more
Race Distribution in Martin County, Indiana (2022)
Educational Attainment in Martin County, Indiana (2022)
Age Distribution in Martin County, Indiana
Citizen Population in Martin County, Indiana (2022)
Political Trends & Data
Martin County, Indiana, leaned heavily Republican in the 2020 Presidential Election, with nearly 78% of votes going to the Republican party. The Democratic party garnered about 20%, and the Libertarian party received just over 2%. This voting pattern indicates a strong Republican base with some, albeit limited, support for Democrats and minimal traction for other political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Martin County, Indiana, leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 78% of votes going to the Republican party. The Democratic party garnered about 20% of the vote, while the Libertarian party received just over 2%. Voter support for third-party candidates and other parties was negligible, reflecting an overwhelming preference for mainstream political parties. These voting patterns suggest a strong Republican base in the county, with perhaps limited but notable support for Democrats and minimal traction for other political movements.
78.32% of voters voted for the Republican party in the 2020 Presidential Election
19.65% of voters voted for the Democrat party in the 2020 Presidential Election
2.02% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Martin County, Indiana's student-to-teacher ratio has generally ranged from 13 to 16 over the past decade, with a notable spike to 16 in 2022. This trend of smaller class sizes compared to the national average of 14 students per teacher could appeal to families prioritizing quality education. For investors and real estate agents, this may suggest potential demand in the housing market driven by families seeking better educational environments. Appraisers and insurance agents might also see this... Read more
Student-to-teacher ratio in Martin County, Indiana over the last 10 years
The student-to-teacher ratio in Martin County, Indiana has generally fluctuated between 13 and 16 students per teacher over the past decade, with a notable spike to 16 in 2022. Compared to the national average of 14 students per teacher, Martin County frequently falls below this benchmark, suggesting smaller class sizes, which can be appealing for families prioritizing individual attention in education. For investors and real estate agents, such trends might indicate potential demand in the housing market driven by families seeking quality education. Appraisers and insurance agents might also find this to reflect positively on property values and risk assessments.
