Monroe County Real Estate and Livability Trends
Monroe County, Indiana, is seeing a notable rise in average taxable income and property values, with median home prices hitting $240,600 in 2022, outperforming both state and national averages. The growing tax burden and significant increases in real estate taxes suggest heightened property valuations or policy changes. Fluctuations in student-to-teacher ratios, coupled with substantial drops in... Read more
Monroe County Market Trends
Median home values in Monroe County, Indiana have surged to $240,600 in 2022, well above both the state and national averages, pointing towards strong demand and a robust housing market. The county has also seen an upward trend in residential energy tax credits, peaking at $3,611.11 in 2018, indicating a growing emphasis on energy efficiency. Average real estate taxes nearly doubled over the last... Read more
Median Value of Occupied Housing Units in Monroe County, Indiana Over the Last 8 Years
Median home values in Monroe County, Indiana have surged over the last eight years, hitting $240,600 in 2022, which is significantly higher than both the state average of $183,600 and the national average of $179,400 for the same year. This could suggest strong demand and a robust housing market in Monroe County, making it an intriguing area for potential real estate investors and homebuyers who are looking for growth potential.
Residential Energy Tax Credit Per Tax Return in Monroe County, IN Over the Last 9 Years
Monroe County, Indiana has seen a fluctuating yet upward trajectory in average residential energy tax credits per tax return over the last nine years, indicating a growing emphasis on energy efficiency among residents. Key spikes occurred in 2017 and 2018, with average credits reaching $2205.71 and $3611.11 respectively, which could suggest local incentives or a surge in eco-friendly home upgrades during these years. For investors and property developers, this trend may imply a market well-primed for energy-efficient solutions, potentially enhancing property values and appeal. Real estate agents and appraisers should take note of these peaks as they assess home values and demand in the area.
Average Real Estate Taxes Per Tax Return in Monroe County, IN Over the Last 10 Years
In the last decade, Monroe County, Indiana has seen a significant increase in average real estate taxes per tax return, jumping from approximately $2,219.61 in 2012 to $4,770.21 in 2021. The most notable spikes occurred between 2017 and 2018, where there was a sharp rise from $2,820.84 to $3,882.72, and continuing upward to $4,134.31 in 2019. This trend could be indicative of a growing real estate market, increased property valuations, or changes in tax policy. Understanding these shifts is critical for investors, property developers, real estate agents, and current or prospective residents as it impacts property affordability, investment returns, and housing costs.
Percentage of Farm Returns in Monroe County, IN Over the Last 10 Years
Farm tax returns in Monroe County, Indiana, appear to have decreased from approximately 0.90% in 2012 to about 0.71% in 2021. This seems to indicate a general decline in the percentage of farms filing tax returns over the past decade. For those interested in investing, moving, or building property in Monroe County, this may suggest shifting agricultural dynamics and potentially evolving land use patterns. Understanding these trends could offer insights into the local economy and land utilization, which might influence real estate and development decisions.
Number of Mortgages by Occupancy Type in Monroe County, IN Over the Last 5 Years in Monroe County
In Monroe County, Indiana, the number of mortgages for principal residences has noticeably fluctuated, with higher counts in 2020 and 2021 compared to other years. Investment properties and second residences have remained relatively stable, though investment property mortgages did see a slight uptick in 2021. These shifts in occupancy type suggest varying levels of appeal and economic factors influencing primary home purchases versus other property investments. These trends can impact market dynamics and property values, which is critical for investors, real estate agents, and insurers to strategically assess risk and opportunity.
Economic Outlook
Monroe County, Indiana has seen a notable rise in average taxable income per tax return, climbing from $54,988.83 in 2013 to $79,696.80 by 2021, suggesting a potentially stronger local economy. Concurrently, average state and local income taxes per tax return have surged from $5,622.99 in 2012 to $15,005.84 in 2021, emphasizing a growing tax burden that warrants attention from investors and residents. Additionally, the average total tax liability per tax return has gradually increased from... Read more
Average Taxable Income per Tax Return in Monroe County, IN over the last 9 years
Over the past nine years, Monroe County, Indiana has experienced a notable upward trend in average taxable income per tax return, rising from approximately $54,988.83 in 2013 to around $79,696.80 in 2021. This steady increase suggests a potentially stronger local economy, which might be of interest to potential investors, homebuyers, or those considering developing property in the area. Such a trajectory could indicate growing income levels, which may correlate with job opportunities and overall economic vitality in the county.
Average State and Local Income Taxes Per Tax Return in Monroe County, IN Over the Last 10 Years
Over the past decade, Monroe County, Indiana has seen a notable increase in average state and local income taxes per tax return, starting at $5,622.99 in 2012 and rising significantly to $15,005.84 by 2021. This consistent upward trend highlights a growing tax burden which could be a crucial consideration for potential investors, property developers, and new residents. The sharp jumps in recent years, especially between 2017 and 2018 and again from 2020 to 2021, suggest possible changes in tax policies or shifts in the local economy that merit close attention.
Average Total Tax Liability Per Tax Return in Monroe County, IN Over the Last 10 Years
Monroe County, Indiana has seen a gradual increase in the average total tax liability per tax return over the past decade, starting from around $9,296.25 in 2012 and rising steadily to $13,729.91 by 2021. This upward trend potentially reflects economic growth or shifts in income levels within the area. The most significant jump appears to occur between 2020 and 2021, where the average tax liability increased by approximately $2,000. This data could be a valuable indicator for prospective investors, developers, or residents considering the economic trajectory and tax implications of the county.
Cost of Living in Monroe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,573 | $1,464 | $1,858 | $1,894 | $1,493 |
| 1 adult 4 children | $1,573 | $1,195 | $1,429 | $1,894 | $1,625 |
| 2 adults 3 children | $1,573 | $1,196 | $1,608 | $1,894 | $1,272 |
| 1 adult 3 children | $1,573 | $976 | $1,179 | $1,894 | $1,394 |
| 2 adults 2 children | $1,124 | $979 | $1,358 | $1,666 | $994 |
| 1 adult 2 children | $1,124 | $731 | $929 | $1,666 | $1,004 |
| 2 adults 1 child | $1,124 | $774 | $1,108 | $928 | $889 |
| 1 adult 1 child | $1,124 | $500 | $679 | $928 | $760 |
| 2 adults | $957 | $622 | $858 | $0 | $691 |
| 1 adult | $817 | $339 | $429 | $0 | $546 |
Safety trends & Data
Property crime trends in Monroe County, Indiana reveal some interesting patterns over the last five years. Burglary incidents have slightly declined from 57.00 in 2018 to 45.00 in 2022. Larceny-theft, the most common crime, peaked in 2018 at 392.00 and then dropped to 196.00 by 2022. Fraud and embezzlement, while lower in volume, show erratic patterns that could impact economic trust. Noticing these trends can be important for potential investors and real estate professionals, as they highlight... Read more
Property Crime Trends in Monroe County, IN Over the Last 5 Years
Property crime trends in Monroe County, Indiana over the last five years reveal a fluctuating pattern across various categories. Burglary incidents have seen a slight decline, dropping from 57.0 in 2018 to 45.0 in 2022. Larceny-theft, which remains the most prevalent crime, peaked in 2018 with 392.0 occurrences, then steadily decreased to 196.0 by 2022. Motor vehicle theft and vandalism show minor changes with a slight downward trend. Interestingly, fraud and embezzlement cases, though not the highest in volume, reflect an erratic pattern, impacting the economic trust in the area. These trends offer valuable insights for potential investors, residents, and real estate professionals, highlighting the importance of security measures and community vigilance.
Demographics
Monroe County, Indiana's demographic landscape shows varied educational attainment levels with nearly equal proportions of adult males and females. This location features a relatively young population, with a significant cluster in the 20 to 24 age range, perhaps reflective of transient student residents. The county's racial composition is predominantly White, with noticeable Asian and Black or African American communities adding to its diversity. The educational data indicates a broad... Read more
Race Distribution in Monroe County, Indiana (2022)
Educational Attainment in Monroe County, Indiana (2022)
Age Distribution in Monroe County, Indiana
Citizen Population in Monroe County, Indiana (2022)
Political Trends & Data
Monroe County, Indiana, demonstrated a strong preference for the Democratic Party in the 2020 U.S. Presidential Election, with Democrats potentially achieving around 63% of the vote. Republicans likely captured only 35%, indicating a substantial divide. Minor parties like the Libertarian and Green parties seemed to have minimal influence, with support likely under 2%. This trend might reflect broader demographic or cultural shifts that favor Democratic policies in the area, which could... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Monroe County in Indiana showed a significant lean towards the Democratic Party in the 2020 U.S. Presidential Election, with Democrats potentially capturing approximately 63% of the votes. The Republican Party may have garnered around 35%, marking a notable gap between the two primary parties. Minor parties like the Libertarian and Green parties appear to have had a minimal impact, with possible support levels below 2%. This voting pattern might suggest underlying demographic or cultural trends that favor Democratic policies in the area.
34.95% of voters voted for the Republican party in the 2020 Presidential Election
63.12% of voters voted for the Democrat party in the 2020 Presidential Election
1.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Monroe County, Indiana, has seen notable fluctuations, peaking at 19 in 2015 and 2020, and dropping to 13 in 2021. Although historically above the national average of 14 students per teacher, recent improvements could make the area more attractive to families prioritizing personalized education. These educational metrics may influence property values and demand, making them a key consideration for real estate agents, appraisers, and... Read more
Student-to-teacher ratio in Monroe County, Indiana over the last 10 years
The student-to-teacher ratio in Monroe County, Indiana, has fluctuated significantly over the past ten years, peaking at 19 in 2015 and 2020, and hitting a low of 13 in 2021. While the ratio has generally stayed above the national average of 14 students per teacher, recent years show some improvement, bringing the ratio closer to the national norm. Variations in this ratio can impact property values, as lower ratios often appeal to families prioritizing personalized education for their children, influencing their decision to move into the area. Real estate agents, appraisers, and investors might see changes in demand based on these educational metrics, making them an interesting indicator of market trends.
