Montgomery County Real Estate and Livability Trends
Montgomery County, Indiana has seen an increase in average taxable income, growing from about $45,746.76 in 2013 to approximately $59,299.89 in 2021. Concurrently, state and local income taxes nearly doubled, pointing to potential policy changes affecting financial planning. Real estate trends highlight slow growth in median home values, reaching $156,400 in 2022, indicating a more accessible... Read more
Montgomery County Market Trends
The median home values in Montgomery County, Indiana, grew from $110,600 in 2015 to $156,400 in 2022, a slower rate compared to state and national increases. This could signal a more accessible market for buyers and investors seeking lower entry points. Meanwhile, the county's residential energy tax credits have seen sporadic spikes, like $2,875.00 in 2018 and $923.08 in 2021, suggesting varying... Read more
Median Value of Occupied Housing Units in Montgomery County, Indiana Over the Last 8 Years
The median home values in Montgomery County, Indiana have experienced consistent growth over the past eight years, with values increasing from $110,600 in 2015 to $156,400 in 2022. This growth trajectory, while impactful locally, trails behind both national and state increases, where Indiana's median home value rose from $124,200 to $183,600, and the national median value climbed from $125,500 to $179,400. This relatively slower growth in Montgomery County might signal a more accessible market for potential buyers and investors when compared to broader state and national trends, presenting potentially lower entry points in the housing market.
Residential Energy Tax Credit Per Tax Return in Montgomery County, IN Over the Last 9 Years
Montgomery County, Indiana, has seen fluctuations in the average residential energy tax credit per tax return over the past nine years. Notable peaks include $2,875.00 in 2018 and $923.08 in 2021, suggesting sporadic spikes in energy-saving investments. A drop to $367.44 in 2016 shows there might be significant variability year to year, possibly reflecting changes in local energy initiatives or tax policies. Investors, property developers, and real estate agents might want to keep an eye on these trends as they could influence property values and appeal.
Average Real Estate Taxes Per Tax Return in Montgomery County, IN Over the Last 10 Years
Montgomery County, Indiana, has experienced notable increases in average real estate taxes per tax return over the past decade, with amounts nearly tripling from $835.64 in 2012 to $2,297.78 in 2021. The most significant surge occurred between 2017 and 2018, where taxes soared from $1,021.07 to $1,950.94, and continued to rise in subsequent years. This trend could potentially indicate rising property values or reassessments impacting homeowners, which matters for prospective investors, property developers, real estate agents, and current residents looking to understand the fiscal landscape and tax implications in the area.
Percentage of Farm Returns in Montgomery County, IN Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Montgomery County, Indiana hovered around 3%, showing a slight decreasing trend from 3.32% in 2012 to 2.74% in 2021. Farm tax returns are crucial indicators of agricultural activity and economic health in rural areas, as they reflect both the number of active farm operations and their respective incomes. For investors or potential residents, understanding these trends could highlight shifts in the local economy, possibly affecting property values, investment opportunities, and the overall economic resilience of the region.
Number of Mortgages by Occupancy Type in Montgomery County, IN Over the Last 5 Years in Montgomery County
In Montgomery County, Indiana, mortgage counts for principal residences significantly outpaced those for investment and second residences over the past five years. Principal residences peaked in 2021 with 2,649 mortgages, compared to a modest 80 for investment properties and 19 for second homes in 2022. This trend implies a focus on homeownership, perhaps reflecting local job stability and community growth. For investors, the smaller number of investment property mortgages might suggest less competition but potentially lower rental demand. Appraisers and insurance agents should note these shifts to better assess property values and risks, while real estate agents and developers could align their strategies with the prevailing emphasis on primary residences.
Economic Outlook
Montgomery County, Indiana has seen a steady increase in average taxable income per tax return, rising from about $45,746.76 in 2013 to approximately $59,299.89 in 2021. This sustained growth could indicate a strengthening local economy, appealing to investors eyeing market potential. Additionally, the county’s state and local income taxes have nearly doubled from an average of $5,521.07 in 2012 to $9,030.19 in 2021, with notable jumps post-2017. Such an increase points to possible policy... Read more
Average Taxable Income per Tax Return in Montgomery County, IN over the last 9 years
Over the past nine years, Montgomery County, Indiana, has experienced a consistent rise in average taxable income per tax return, growing from approximately $45,746.76 in 2013 to around $59,299.89 in 2021. This growth trajectory may indicate a strengthening local economy and potentially higher living standards. For investors, this trend can suggest a progressively affluent market, which might drive demand for new services and real estate developments.
Average State and Local Income Taxes Per Tax Return in Montgomery County, IN Over the Last 10 Years
Montgomery County, Indiana has experienced a consistent upward trend in state and local income taxes per tax return over the past decade. In 2012, the average tax per return was $5,521.07, but by 2021, it surged to $9,030.19. This significant rise, particularly sharp after 2017, reflects broader economic and policy shifts, making it imperative for potential investors, property developers, and residents to consider the increasing tax burden when making financial decisions in the area.
Average Total Tax Liability Per Tax Return in Montgomery County, IN Over the Last 10 Years
In the past decade, Montgomery County, Indiana, has observed notable fluctuations in the average total tax liability per tax return, with a general upward trend. After relatively stable increases from 2012 to 2017, peaking at $7,109.49 in 2017 before dipping in 2018 and 2019. The tax liability surged significantly in 2021, reaching $7,966.78. This variability could suggest shifts in the local economy, changes in tax legislation, or demographic changes, making it a pivotal microcosm for potential investors, property developers, and residents to monitor for economic health and fiscal planning.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,155 | $1,279 | $1,743 | $1,259 | $1,034 |
| 1 adult 4 children | $1,155 | $1,044 | $1,332 | $1,259 | $1,116 |
| 2 adults 3 children | $1,155 | $1,045 | $1,513 | $1,259 | $853 |
| 1 adult 3 children | $1,155 | $853 | $1,102 | $1,259 | $908 |
| 2 adults 2 children | $847 | $855 | $1,283 | $1,101 | $753 |
| 1 adult 2 children | $847 | $639 | $871 | $1,101 | $665 |
| 2 adults 1 child | $847 | $676 | $1,053 | $586 | $699 |
| 1 adult 1 child | $847 | $437 | $641 | $586 | $584 |
| 2 adults | $661 | $543 | $823 | $0 | $587 |
| 1 adult | $591 | $296 | $411 | $0 | $488 |
Safety trends & Data
Property crime in Montgomery County, Indiana appears to be on a downward trend over the past five years, with significant drops in burglary and larceny-theft incidents. Burglary numbers have plunged from 9.00 in 2018 to 2.00 in 2022, and larceny-theft has seen a similar decline from 23.00 to 4.00. Although motor vehicle theft fluctuated, peaking at 5.00 in 2020, it stabilized at 2.00 in 2022. Fraud cases also decreased sharply from 9.00 to 2.00 over the period. These changes may indicate... Read more
Property Crime Trends in Montgomery County, IN Over the Last 5 Years
Property crime in Montgomery County, Indiana has generally seen a decline over the last five years, with notable fluctuations in specific categories. While burglary incidents have decreased from 9.0 in 2018 to 2.0 in 2022, larceny-theft has also dropped significantly from 23.0 to 4.0 in the same period. Motor vehicle theft experienced more variability, peaking at 5.0 in 2020 before falling to 2.0 in 2022. Fraud cases started at 9.0 in 2018, striking a low point at 2.0 in 2022. These trends may suggest improved security measures or community policing efforts, making it a potentially safer investment for interested stakeholders.
Demographics
Montgomery County, Indiana, exhibits a relatively balanced distribution of males and females within its adult population. Educational attainment shows that the majority have a high school diploma or some college education, but a smaller slice has higher degrees. The age distribution leans towards an older demographic, with notable clusters in the 45 to 64 age range. Racial diversity appears limited, with an overwhelming majority identifying as White. This range of demographics points to... Read more
Race Distribution in Montgomery County, Indiana (2022)
Educational Attainment in Montgomery County, Indiana (2022)
Age Distribution in Montgomery County, Indiana
Citizen Population in Montgomery County, Indiana (2022)
Political Trends & Data
Montgomery County, Indiana shows a significant conservative presence, with Republicans capturing around 74% of the vote in the last presidential election. Democrats trail with roughly 24%, indicating a politically homogeneous landscape that leans strongly Republican. This could influence local policies and impact future election strategies, making understanding voter behavior essential for any political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montgomery County, Indiana, appears to lean heavily towards the Republican party, with approximately 74% of the votes. The Democratic party trails significantly behind with just around 24%, while other parties like the Libertarians barely make a dent. This distribution highlights a strong conservative presence, which could impact local policies and electoral strategies in future elections.
73.61% of voters voted for the Republican party in the 2020 Presidential Election
24.50% of voters voted for the Democrat party in the 2020 Presidential Election
1.90% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Montgomery County, Indiana’s student-to-teacher ratio has seen significant changes in the last decade, peaking at 17 in 2021 and dropping to 14 in 2023. These shifts suggest evolving community priorities and educational funding, which could affect classroom management and student attention. For investors and real estate agents, this fluctuation might imply varying community stability and resource allocation, critical factors when evaluating property values and market... Read more
Student-to-teacher ratio in Montgomery County, Indiana over the last 10 years
Over the last decade, Montgomery County, Indiana has seen fluctuations in its student-to-teacher ratio, peaking at 17 in 2021 and descending to a more balanced ratio of 14 in 2023, comparable to the national average. These changes can impact the quality of education, classroom management, and individualized student attention. Investors, real estate agents, and those looking to move should view these trends as potential indicators of evolving community priorities and educational resources. For appraisers and insurance agents, consistent ratios might translate to more stable community planning and risk assessment. Increase in ratios might suggest strain on educational infrastructure, while a decrease could indicate improved funding or measures to lower classroom sizes, both relevant factors in decision-making.
