Newton County Real Estate and Livability Trends
Newton County, Indiana's housing market shows a steady increase in median home values from $113,400 in 2015 to $147,900 in 2022, suggesting a slower but reliable growth compared to Indiana's overall trends. The county's relative affordability could be appealing for buyers and investors. A notable increase in residential energy tax credits, from $261.90 in 2013 to $933.33 in 2021, points to... Read more
Newton County Market Trends
Newton County, Indiana's housing market has shown a slower growth trajectory with median home values increasing from around $113,400 in 2015 to $147,900 in 2022, compared to Indiana’s overall growth and national trends. However, the county remains relatively affordable for buyers and investors. Residential energy tax credits in the area have seen a significant rise, jumping from $261.90 in 2013... Read more
Median Value of Occupied Housing Units in Newton County, Indiana Over the Last 8 Years
Newton County, Indiana's housing market has seen some interesting patterns over the past eight years. Median home values hovered relatively flat from 2015 to 2017, around $113,400 to $112,500. From 2018 onwards, there was a discernible upward trend, peaking at $147,900 in 2022. This trajectory is slower compared to Indiana’s overall growth, where home values surged from $124,200 in 2015 to $183,600 in 2022. National trends show an even steeper climb, with values rising from $125,500 to $179,400 over the same period. This could suggest that Newton County remains an affordable option for buyers and investors, relative to state and national averages.
Residential Energy Tax Credit Per Tax Return in Newton County, IN Over the Last 8 Years
Over the past eight years, Newton County, Indiana has seen a significant increase in the average residential energy tax credit per tax return. Starting around $261.90 in 2013, it fluctuated moderately until a noticeable spike in 2019 at $462.50 and surged further to $933.33 in 2021. This trend suggests an upward trajectory in investment in energy-efficient home improvements, which could make the area more attractive to environmentally conscious investors, homeowners, and real estate professionals. The growing tax credits might also hint at greater adoption of green energy solutions, impacting property values and energy-related appraisals.
Average Real Estate Taxes Per Tax Return in Newton County, IN Over the Last 10 Years
Over the past decade, Newton County, Indiana, has seen fluctuations in average real estate taxes per tax return, starting at $1,615.57 in 2012 and peaking at $3,015.79 in 2019. The most notable spike occurred between 2016 and 2018, where taxes jumped from $1,715.09 to $2,938.10. Most recently, in 2021, the average real estate tax settled at $2,643.75. This variability is something potential investors or those looking to move to the county should consider when evaluating long-term property expenses. Such trends hold particular interest for appraisers, insurance agents, and real estate professionals who need to factor these costs into property valuations and financial planning.
Percentage of Farm Returns in Newton County, IN Over the Last 10 Years
The proportion of farm returns in Newton County, Indiana has seen gradual changes over the past decade. Beginning at approximately 4.02% in 2012 and dropping to around 3.14% in 2021, these figures suggest a slight but continuous decline. This trend may imply shifts in the local economy, with potential decreases in farming activities or changing demographics. For investors, potential residents, or those considering building properties, this could serve as an indicator of evolving land use and economic focus in the area. Farm tax returns, essentially income filings from agricultural enterprises, can reflect the health and viability of farming in the county, making these trends essential for economic forethought.
Number of Mortgages by Occupancy Type in Newton County, IN Over the Last 5 Years in Newton County
Over the last five years in Newton County, Indiana, there’s been a noticeable predominance of mortgages for principal residences compared to investment and second residences. While principal residence mortgages have seen fluctuations, investment properties have generally maintained a lower but relatively steady count. Second residences remain virtually negligible. These shifts can affect the local real estate market dynamics, influencing property values and investment potential. For investors, this might imply a lower competition for investment properties but potentially higher yields given stable demand. Those looking to move into the area might find more competitive pricing for principal residences given their higher turnover. Appraisers and insurance agents could use these patterns to better assess risk and valuation models. Real estate agents can tailor their strategies based on predominant occupancy types, aligning their services with local trends.
Economic Outlook
Newton County, Indiana has seen a consistent rise in average taxable income per tax return, jumping from $48,032.02 in 2013 to $59,637.56 in 2021, suggesting increasing economic prosperity. State and local income taxes have been volatile, peaking at $8,195.24 in 2019 before dropping to $5,957.89 in 2020 and rising again to $7,421.05 in 2021, which could reflect economic or policy shifts impacting cost of living. Total tax liability has fluctuated, with a notable increase from a low of $6,514.02... Read more
Average Taxable Income per Tax Return in Newton County, IN over the last 9 years
Newton County, Indiana has seen a steady increase in average taxable income per tax return over the past nine years, with a notable jump from $48,032.02 in 2013 to $59,637.56 in 2021. This growth, despite minor fluctuations, indicates a potentially rising economic prosperity, making the county an attractive area for investment, new residents, property development, and other economic interests.
Average State and Local Income Taxes Per Tax Return in Newton County, IN Over the Last 10 Years
Over the past decade, the state and local income taxes per tax return in Newton County, Indiana have seen significant fluctuations. Starting at $4,716.41 in 2012, these taxes peaked dramatically at $8,195.24 in 2019, before experiencing a decline to $5,957.89 in 2020 and rising again to $7,421.05 in 2021. The sharp increase in taxes from 2018 to 2019 and subsequent volatility might reflect economic changes or policy shifts within the county. This trend could be essential for prospective investors or residents to consider, as it impacts overall cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Newton County, IN Over the Last 10 Years
In Newton County, Indiana, average total tax liability per tax return has displayed notable fluctuations over the past decade. The initial peak was in 2012 at $7,825.87, followed by a general downward trend, bottoming out in 2018 at $6,514.02. Recently, there's been a resurgence, with 2021 figures climbing back to $7,565.86. These shifts could indicate varying economic conditions or changes in tax laws, making it vital to consider when assessing the fiscal landscape or potential investment opportunities in the area.
Cost of Living in Newton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $996 | $1,472 | $1,798 | $1,525 | $1,201 |
| 1 adult 4 children | $996 | $1,202 | $1,382 | $1,525 | $1,299 |
| 2 adults 3 children | $996 | $1,202 | $1,556 | $1,525 | $992 |
| 1 adult 3 children | $996 | $982 | $1,141 | $1,525 | $1,063 |
| 2 adults 2 children | $811 | $984 | $1,314 | $1,342 | $882 |
| 1 adult 2 children | $811 | $735 | $899 | $1,342 | $842 |
| 2 adults 1 child | $811 | $778 | $1,073 | $748 | $808 |
| 1 adult 1 child | $811 | $502 | $657 | $748 | $660 |
| 2 adults | $661 | $625 | $831 | $0 | $637 |
| 1 adult | $549 | $341 | $415 | $0 | $503 |
Demographics
Newton County, located in Indiana, exhibits a demographic landscape where the male population slightly edges out the female population. Educational attainment reveals a substantial number of residents with high school diplomas, but there seems to be a lower percentage advancing to higher education levels. The age distribution leans towards older age groups, with a notable segment aged 55 to 64 years. Racially, the county is predominantly White, with very small representation from other racial... Read more
Race Distribution in Newton County, Indiana (2022)
Educational Attainment in Newton County, Indiana (2022)
Age Distribution in Newton County, Indiana
Citizen Population in Newton County, Indiana (2022)
Political Trends & Data
Newton County, Indiana, tends to lean heavily conservative, with nearly 75% of the 2020 U.S. Presidential Election votes going to the Republican Party. Democrats captured just under 23%, while third-party candidates, including Libertarians, received around 2%. This pronounced political alignment might influence local policies, community priorities, and possibly even real estate market preferences, hinting at a stable conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Newton County, Indiana, seems to show a strong preference for the Republican Party, with nearly 75% of the vote share in the 2020 U.S. Presidential Election. While Democrats garnered just under 23%, third-party votes, such as those for the Libertarian candidate, were considerably low, hovering around 2%. This suggests a solid conservative leaning in the area, potentially signaling voter priorities and political alignment that may continue to skew similar in future elections.
74.98% of voters voted for the Republican party in the 2020 Presidential Election
22.89% of voters voted for the Democrat party in the 2020 Presidential Election
2.12% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Newton County, Indiana’s student-to-teacher ratio has ranged from around 13 to 14 students per teacher over the past decade, reaching a low of 13 in 2021 and peaking at 14 in 2017 and 2022. These fluctuations could suggest shifts in school quality and resource management, which might impact property values and the overall appeal of the area for families. Real estate agents, investors, and appraisers might find a correlation between educational resources and long-term community growth or... Read more
Student-to-teacher ratio in Newton County, Indiana over the last 10 years
Newton County, Indiana’s student-to-teacher ratio has oscillated over the past decade, peaking at 14 students per teacher in 2017 and 2022, and dipping to around 13 or fewer in other years, even reaching a low of 13 in 2021. This generally aligns well but sometimes marginally surpasses the national average of 14 students per teacher, potentially signaling varying levels of individual attention and resource allocation in classrooms. For real estate agents and families considering a move, these fluctuations might indicate trends in school quality and resource management that could influence property values and the appeal of the area. Investors and appraisers may see a correlation between educational resource management and long-term community growth or stability.
