Morgan County Real Estate and Livability Trends
Morgan County, Indiana's real estate market has demonstrated a robust appreciation in home values, with the median price reaching $200,600 in 2022, surpassing state and national trends. This growth, coupled with a near doubling of real estate taxes, suggests increased property values and potentially evolving tax policies. Energy credits show variability, peaking at $2,583.33 in 2018 but falling... Read more
Morgan County Market Trends
Morgan County, Indiana has shown notable real estate market trends over recent years. Median home values have consistently risen, hitting $200,600 in 2022, outperforming both state and national figures. This growth may point to attractive investment opportunities and an appealing choice for new residents. On energy credits, the county saw significant fluctuations, peaking at $2,583.33 in 2018 but... Read more
Median Value of Occupied Housing Units in Morgan County, Indiana Over the Last 8 Years
Over the past eight years, Morgan County, Indiana has experienced consistent growth in median home values, reaching $200,600 in 2022. This rise outpaced both the state of Indiana, which saw values climb to $183,600, and the national median, which hit $179,400 the same year. Such trends could suggest that Morgan County may offer compelling investment opportunities and could be an attractive destination for new residents looking for appreciating home values.
Residential Energy Tax Credit Per Tax Return in Morgan County, IN Over the Last 9 Years
Morgan County, Indiana has seen substantial variations in the average residential energy tax credit per tax return over the past nine years. The amount showcased sizable jumps in certain years, most notably in 2018 when it soared to $2,583.33 from $861.90 the previous year, reflecting perhaps a temporary surge in energy-efficient investments or changes in tax policy. More recently, 2021 figures hovered around $1,400.00, indicating elevated but slightly fluctuating levels compared to earlier years. These trends may be significant for homeowners considering energy-efficient upgrades, as well as for real estate agents, investors, and insurance agents assessing property values and potential returns on investment in this area.
Average Real Estate Taxes Per Tax Return in Morgan County, IN Over the Last 10 Years
Over the past decade, Morgan County, Indiana has seen a notable rise in average real estate taxes, growing from about $1,102.09 in 2012 to roughly $2,216.31 in 2021. This upward trend may indicate increasing property values or tax rate adjustments, which could impact decisions for investors, potential homeowners, and real estate professionals. Notably, the most significant jumps occurred between 2017 and 2018, and again from 2019 to 2020.
Percentage of Farm Returns in Morgan County, IN Over the Last 10 Years
Over the past decade in Morgan County, Indiana, there has been a slight but steady decline in the percentage of farm tax returns, dropping from about 1.62% in 2012 to roughly 1.27% in 2021. This trend might indicate a shifting economic landscape where fewer residents are relying on or reporting income from farming. For potential investors, home builders, and new residents, understanding these subtle economic shifts could help in making more informed decisions about where and how to allocate resources.
Number of Mortgages by Occupancy Type in Morgan County, IN Over the Last 5 Years in Morgan County
Over the last five years in Morgan County, Indiana, the number of mortgages for principal residences has fluctuated, peaking in 2021 at 7,123 and dipping to 5,003 in 2022. Investment property mortgages have seen a gradual decrease from 183 in 2020 to 161 in 2022. Mortgages for second residences have remained relatively stable but minimal, with counts staying well under 40 annually. These shifts matter because changes in the occupancy type distribution provide insight into real estate demand dynamics, affecting property values, market stability, and risk assessment for stakeholders like investors and insurance agents. A rise in principal residences could suggest strong local attractiveness for living, while stable or declining investment property numbers might indicate caution among investors or fewer lucrative opportunities.
Economic Outlook
Morgan County, Indiana has seen a significant increase in average taxable income per tax return, rising from around $51,583.91 in 2013 to approximately $69,178.06 in 2021. Combined with a notable rise in average state and local income taxes from $6,321.50 to $10,061.39 over the same period, it reflects broader economic growth and potential shifts in tax policies. This could be appealing for investors and homebuyers, suggesting a more stable and prosperous economy with growing local... Read more
Average Taxable Income per Tax Return in Morgan County, IN over the last 9 years
Over the past nine years, Morgan County, Indiana has seen a steady increase in average taxable income per tax return, rising from around $51,583.91 in 2013 to approximately $69,178.06 in 2021. This upward trend could be appealing for potential investors, homebuyers, or anyone considering building property in the area, as growing incomes may suggest economic stability and prosperity. For those currently living in or interested in Morgan County, monitoring this consistent rise could be key to understanding broader economic health and the potential for increased local opportunities.
Average State and Local Income Taxes Per Tax Return in Morgan County, IN Over the Last 10 Years
Over the last decade, Morgan County, Indiana has experienced a notable increase in average state and local income taxes per tax return, rising from $6,321.50 in 2012 to $10,061.39 in 2021. This steady climb underscores a significant economic shift, likely reflecting broader income growth and changes in tax policies. For potential investors and property developers, these trends could signal a more affluent and growing market, while current and prospective residents might weigh the rising tax burden against the benefits of local public services and infrastructure.
Average Total Tax Liability Per Tax Return in Morgan County, IN Over the Last 10 Years
Morgan County, Indiana has seen noticeable fluctuations in average tax liabilities per tax return over the past decade. Starting around $7,741.59 in 2012, the tax liability dipped slightly in 2013 but generally trended upwards, peaking at $9,895.91 by 2021. This increasing trend hints at underlying economic shifts, which could be of interest for potential investors, homebuyers, and those considering building property in the area, as it reflects a potentially rising income base or shifts in taxation policy.
Cost of Living in Morgan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,169 | $1,319 | $1,886 | $1,645 | $1,276 |
| 1 adult 4 children | $1,169 | $1,077 | $1,451 | $1,645 | $1,366 |
| 2 adults 3 children | $1,169 | $1,078 | $1,633 | $1,645 | $1,051 |
| 1 adult 3 children | $1,169 | $880 | $1,197 | $1,645 | $1,138 |
| 2 adults 2 children | $891 | $882 | $1,379 | $1,448 | $899 |
| 1 adult 2 children | $891 | $659 | $943 | $1,448 | $872 |
| 2 adults 1 child | $891 | $697 | $1,125 | $806 | $820 |
| 1 adult 1 child | $891 | $450 | $689 | $806 | $694 |
| 2 adults | $751 | $560 | $871 | $0 | $658 |
| 1 adult | $645 | $305 | $436 | $0 | $518 |
Safety trends & Data
Property crime trends in Morgan County, Indiana, may indicate some notable shifts over the past two years. Larceny-theft cases saw a significant drop from 62 in 2018 to 25 in 2019, and vandalism incidents decreased dramatically from 17 to just 2. Motor vehicle theft and forgery-counterfeiting also experienced reductions. Interestingly, fraud emerged as a new category in 2019 with 3 reported cases. These crime statistics could influence decisions for potential investors, residents, and real... Read more
Property Crime Trends in Morgan County, IN Over the Last 2 Years
Property crime data in Morgan County, Indiana, indicates some notable trends over the last two years. In 2018, larceny-theft was by far the most common crime with 62 reported cases, while vandalism had 17 incidents. However, 2019 saw a significant reduction in these numbers, with larceny-theft dropping to 25 and vandalism down to just 2. Similarly, motor vehicle theft and forgery-counterfeiting also saw decreases, from 12 to 3 cases and 8 to 4 cases, respectively. On the other hand, fraud was introduced as a new category in 2019 with 3 incidents recorded. These shifts might be of interest to potential investors, residents, and real estate professionals evaluating crime trends for decision-making purposes.
Demographics
In Morgan County, Indiana, the adult population is fairly balanced between males and females. Educational attainment reveals that the majority of residents have completed high school, with a notable number pursuing some level of college education. Age distribution shows a significant number of residents in the 55 to 64 age bracket, suggesting a potentially aging population. The racial makeup is predominantly White, with very small percentages of other racial groups, indicating limited... Read more
Race Distribution in Morgan County, Indiana (2022)
Educational Attainment in Morgan County, Indiana (2022)
Age Distribution in Morgan County, Indiana
Citizen Population in Morgan County, Indiana (2022)
Political Trends & Data
Morgan County, Indiana, showed strong Republican support in the 2020 U.S. Presidential Election, with Republicans possibly securing around 76% of the vote. Democrats likely received about 21.5%, while Libertarians managed close to 2.4%. Minor parties, including the Green Party, had minimal impact, suggesting that the county's political landscape may influence future electoral campaigns and policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Morgan County, Indiana, largely leaned Republican in the 2020 U.S. Presidential Election, with Republicans potentially securing around 76% of the vote. Democrats appeared to receive approximately 21.5%, while Libertarians garnered close to 2.4%. The Green Party and other minor parties likely had a negligible impact, barely reaching beyond a fraction of a percent. This distribution might reflect broader regional political inclinations and could influence future electoral strategies.
76.09% of voters voted for the Republican party in the 2020 Presidential Election
21.52% of voters voted for the Democrat party in the 2020 Presidential Election
2.38% of voters voted for the Livertarian party in the 2020 Presidential Election
0.01% 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
Morgan County, Indiana, has experienced notable fluctuations in its student-to-teacher ratio over the past decade. While ratios were stable from 2014 to 2018 at around 16 students per teacher—above the national average—the county saw a spike to nearly 19 students per teacher in 2019 and 2020. Recently, the ratio has decreased to align more closely with the national average of 14 students per teacher. These shifts could influence family relocation decisions, investment in educational... Read more
Student-to-teacher ratio in Morgan County, Indiana over the last 10 years
Morgan County, Indiana has seen a notable fluctuation in its student-to-teacher ratio over the past decade. Ratios were relatively stable from 2014 to 2018, hovering around 16 students per teacher, which is above the current national average of 14 students per teacher. However, there was a significant spike in 2019 and 2020, with ratios rising to nearly 19 students per teacher. More recently, 2022 and 2023 have shown a considerable decrease, bringing the ratio closer to the national average at around 14 students per teacher. These changes could potentially impact decisions for those looking to move their families to the area, as well as investment and planning for new educational facilities. Lower student-to-teacher ratios may improve educational outcomes, making the county more attractive to prospective residents and positively affecting property values.
