Miami County Real Estate and Livability Trends
Miami County, Indiana's average taxable income per tax return has risen from $42,068.43 in 2013 to $52,075.16 in 2021, suggesting potential economic growth that may attract investors. The median home value climbed from $85,500 in 2015 to $112,800 in 2022, offering affordable entry points for new residents compared to state and national medians. With property crime significantly decreasing and... Read more
Miami County Market Trends
Miami County, Indiana, has seen steady growth in median home values, climbing from $85,500 in 2015 to $112,800 in 2022, well below the state's $183,600 and the national $179,400 medians, suggesting affordable entry points for investors and new residents. Real estate taxes per tax return have almost doubled over the past decade, from $796.49 in 2012 to $1,957.69 in 2021, indicating growing... Read more
Median Value of Occupied Housing Units in Miami County, Indiana Over the Last 8 Years
Over the last 8 years, median home values in Miami County, Indiana have shown steady growth, reaching $112,800 in 2022 from $85,500 in 2015. While these values are lower than the Indiana state median of $183,600 and the national median of $179,400 for 2022, Miami County demonstrates potential for investment with relatively affordable entry points. This affordability coupled with consistent value appreciation may appeal to those looking to invest in, move to, or build property in the area.
Residential Energy Tax Credit Per Tax Return in Miami County, IN Over the Last 9 Years
Over the past nine years, Miami County, Indiana has seen a fluctuating trend in residential energy tax credits per tax return, peaking in 2018 at $925.00. Years like 2013 and 2014 had lower averages, $315.22 and $502.56 respectively, while there were significant increases in 2016 and 2021, the latter reaching $826.09. This volatility suggests varying levels of investment in energy-efficiency measures among residents, which could indicate changing local incentives or economic conditions influencing home upgrades. For investors, builders, and insurers, these data points can help predict potential future trends in home energy efficiency investments.
Average Real Estate Taxes Per Tax Return in Miami County, IN Over the Last 10 Years
Over the last decade, Miami County, Indiana, has experienced a notable uptick in real estate taxes per tax return, beginning with $796.49 in 2012 and almost doubling to $1,957.69 by 2021. This continual rise suggests increasing property values or adjustments in tax rates, which could be significant for prospective homeowners, real estate investors, and agents. For insurance agents and appraisers, the steady increase in taxes might reflect larger systemic growth in property market dynamics within the county.
Percentage of Farm Returns in Miami County, IN Over the Last 10 Years
The percentage of farm tax returns in Miami County, Indiana has been slowly declining over the past decade, moving from roughly 3.79% in 2012 to about 2.91% in 2021. Farm tax returns reflect the income reported from agricultural activities, shedding light on the economic vitality and trends within the local farming industry. For those looking to invest, build property, or move to Miami County, this gradual decline might suggest shifts in land use or economic focus, potentially influencing real estate and business opportunities in the region.
Number of Mortgages by Occupancy Type in Miami County, IN Over the Last 5 Years in Miami County
In Miami County, Indiana, mortgage counts over the past five years have shown a predominant focus on principal residences, with figures fluctuating between 994 and 1604, reflecting varying degrees of residential stability and demand. Investment properties have seen a modest rise, especially noticeable by 2022, suggesting an increasing interest in rental markets or property investment. Second residences have remained minimal, indicating either limited demand or restrictive financial climates for such purchases. Changes in occupancy type can significantly impact local real estate markets, affecting property values, rental trends, and even insurance premiums, providing critical insights for investors and stakeholders.
Economic Outlook
Miami County, Indiana's average taxable income per tax return has generally increased from $42,068.43 in 2013 to $52,075.16 in 2021, pointing to potential economic growth that might attract investors and developers. State and local income taxes have also risen steadily, from $5,331.73 in 2012 to $8,715.15 in 2021, reinforcing the perception of a healthier local economy and potentially higher resident incomes. The total tax liability per tax return has fluctuated over the last decade, peaking at... Read more
Average Taxable Income per Tax Return in Miami County, IN over the last 9 years
Miami County, Indiana has seen a general upward trend in average taxable income per tax return over the past nine years, with an increase from approximately $42,068.43 in 2013 to around $52,075.16 in 2021. This suggests a gradual economic growth, which might appeal to investors, potential residents, and property developers looking for a growing community. However, there have been minor fluctuations, such as slight declines in certain years, indicating the importance of a cautious approach.
Average State and Local Income Taxes Per Tax Return in Miami County, IN Over the Last 10 Years
Over the past decade, Miami County, Indiana has experienced a consistent increase in average state and local income taxes per tax return, rising from $5,331.73 in 2012 to $8,715.15 in 2021. This upward trend suggests a growing local economy and potentially higher incomes, making it an attractive location for investment and property development. For residents and those considering moving to the area, understanding this tax trajectory is crucial for financial planning and assessing the long-term fiscal landscape.
Average Total Tax Liability Per Tax Return in Miami County, IN Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Miami County, Indiana has shown notable fluctuations. From $5,465.06 in 2012 to a peak of $6,609.67 in 2021, there have been periods of both rise and decline, indicating varied economic and possibly policy influences. For investors, homebuilders, and residents, understanding these trends can be crucial in predicting future tax liabilities and planning financial strategies accordingly.
Cost of Living in Miami County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,092 | $1,371 | $1,895 | $1,253 | $1,091 |
| 1 adult 4 children | $1,092 | $1,120 | $1,449 | $1,253 | $1,163 |
| 2 adults 3 children | $1,092 | $1,120 | $1,644 | $1,253 | $893 |
| 1 adult 3 children | $1,092 | $915 | $1,198 | $1,253 | $939 |
| 2 adults 2 children | $826 | $917 | $1,393 | $1,096 | $789 |
| 1 adult 2 children | $826 | $685 | $947 | $1,096 | $695 |
| 2 adults 1 child | $826 | $725 | $1,143 | $583 | $726 |
| 1 adult 1 child | $826 | $468 | $697 | $583 | $597 |
| 2 adults | $669 | $582 | $892 | $0 | $614 |
| 1 adult | $576 | $318 | $446 | $0 | $494 |
Safety trends & Data
In Miami County, Indiana, property crime has notably decreased over the past five years, with burglary offenses dropping from 13 in 2018 to just 3 in 2020 and larceny-theft incidents falling from 32 in 2018 to just 1 by 2022. This trend could suggest a safer environment, which might be appealing to potential investors, insurers, and new residents. Vandalism incidents have also seen significant declines, adding further appeal for those interested in property development or real estate... Read more
Property Crime Trends in Miami County, IN Over the Last 5 Years
Over the last five years, Miami County, Indiana has seen a noticeable decline in property crime, particularly in categories such as burglary and larceny-theft. For example, burglary offenses decreased sharply from 13 in 2018 to just 3 in 2020, and larceny-theft incidents dropped from 32 in 2018 to only 1 by 2022. This trend might suggest that the county has become safer, which could be appealing to potential investors, insurers, or new residents. Vandalism incidents also went down significantly, adding another positive note for those considering property development or real estate investments in this area.
Demographics
Miami County, Indiana has an intriguing demographic structure. The adult population skews male with about 15,437 males compared to 12,627 females. Educational attainment shows a significant portion of residents holding at least a high school diploma or equivalent, though fewer hold advanced degrees. Age-wise, there is a relatively balanced distribution with a slight peak in the 45 to 54 years category. Racially, the county is predominantly White, with smaller representations from Black or... Read more
Race Distribution in Miami County, Indiana (2022)
Educational Attainment in Miami County, Indiana (2022)
Age Distribution in Miami County, Indiana
Citizen Population in Miami County, Indiana (2022)
Political Trends & Data
In Miami County, Indiana, homes tend to see consistent demand, likely fueled by the strong Republican lean (about 75% of votes in the 2020 Presidential Election). This party preference might attract residents who value stability and conservative policies. Such political dynamics could influence property taxes, zoning laws, and community investment, making it an interesting locale for potential buyers looking for predictable policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Miami County, Indiana, the 2020 U.S. Presidential Election demonstrated a significant lean towards the Republican party, which secured approximately 75% of the votes. Democrats garnered around 22%, while Libertarians captured just over 2%. The Green and Other parties barely made a dent, collectively amounting to less than 1% of the total votes. This suggests a strong Republican presence in the area, potentially influencing local and state political dynamics.
75.49% of voters voted for the Republican party in the 2020 Presidential Election
22.35% of voters voted for the Democrat party in the 2020 Presidential Election
2.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.03% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Miami County, Indiana has seen its student-to-teacher ratio drop from nearly 19 students per teacher in 2014 to just under 16 in 2023. While still higher than the national average of 14, this trend might indicate improvements in classroom size and potentially more personalized attention for students. This could be a draw for those looking to invest or move to the area, making it appealing to prospective buyers and families focused on... Read more
Student-to-teacher ratio in Miami County, Indiana over the last 10 years
Over the past decade, Miami County, Indiana has seen a gradual decline in the student-to-teacher ratio, dropping from nearly nineteen students per teacher in 2014 to just under sixteen in 2023. While still above the national average of fourteen, this trend might indicate improvements in classroom size and potentially more personalized attention for students. For those looking to invest or move to the area, these educational metrics could be a draw. Real estate agents might find this appealing to prospective buyers. Meanwhile, families interested in their children’s education could see this as a promising development.
