Noble County Real Estate and Livability Trends
Noble County, Indiana, has seen a significant uptick in average taxable income and home values, with income per return jumping from $44,661.81 in 2013 to $62,739.72 in 2021 and median home values rising from $113,000 in 2015 to $168,100 in 2022. Yet, the sharp increase in state and local taxes, doubling real estate taxes, and a peak in total tax liability highlight the evolving economic... Read more
Noble County Market Trends
The median value of occupied housing units in Noble County, Indiana, made a notable leap from $113,000 in 2015 to $168,100 in 2022, closing in on national figures and suggesting an attractive market for potential investors. Residential energy tax credits per tax return spiked significantly in 2018 to $2,061.54, hinting at possible fluctuations in energy-efficient investments influenced by... Read more
Median Value of Occupied Housing Units in Noble County, Indiana Over the Last 8 Years
The median value of occupied housing units in Noble County, Indiana, has experienced a significant rise over the past eight years, jumping from $113,000 in 2015 to $168,100 in 2022. This increase appears quite compelling when compared to the statewide and national trends. For context, Indiana saw its median home value rise from $124,200 in 2015 to $183,600 in 2022, while the national figures moved from $125,500 to $179,400 over the same period. These shifts suggest that Noble County, while initially behind both state and national values, is closing in on the national figure rather quickly, making it an intriguing locale for potential investors, new residents, and property developers.
Residential Energy Tax Credit Per Tax Return in Noble County, IN Over the Last 9 Years
Noble County, Indiana has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years, with a notable peak in 2018 at $2061.54, which stands out compared to the surrounding years. These ups and downs in tax credits could suggest varying levels of energy-efficient investments by homeowners, possibly driven by economic conditions or legislative changes. Such trends might attract investors or property developers interested in the area's commitment to renewable energy initiatives, while real estate agents and insurance agents could find this data useful for assessing property values and risks.
Average Real Estate Taxes Per Tax Return in Noble County, IN Over the Last 10 Years
Real estate taxes per tax return in Noble County, Indiana have shown a notable increase over the past decade, rising from approximately $1,561.94 in 2012 to around $3,000.00 in 2021. Particularly sharp upticks occurred from 2017 to 2020, with a significant jump in 2018 reaching $2,694.92 and continuing upwards to $3,144.90 in 2020. This trend may influence investment decisions, housing affordability, and long-term economic planning for property stakeholders.
Percentage of Farm Returns in Noble County, IN Over the Last 10 Years
Over the last decade, Noble County, Indiana has experienced a slight decline in the percentage of farm tax returns, dropping from around 4.21% in 2012 to approximately 3.68% in 2021. Farm tax returns typically indicate the presence and economic activities of agricultural operations in the area. The downward trend could suggest changes in land use, consolidation of farms, or even shifts in the local economy that might impact agricultural investment. This data could potentially influence decisions on investments, property development, or economic planning within the community.
Number of Mortgages by Occupancy Type in Noble County, IN Over the Last 5 Years in Noble County
In Noble County, Indiana, the number of mortgages for principal residences has fluctuated slightly but remains the dominant category, peaking at 2,860 in 2021. Investment properties and second residences, while significantly lower in number, show subtle variations, with investment property mortgages seeing a slight increase from 45 in 2018 to 69 in 2022. These shifts in occupancy types can impact market dynamics, affecting property values, local governance strategies, and insurance premiums. For investors and real estate professionals, understanding these trends could indicate potential opportunities or challenges, influencing decisions on where to allocate resources and develop projects.
Economic Outlook
Noble County, Indiana has seen a substantial rise in average taxable income per tax return, from $44,661.81 in 2013 to $62,739.72 in 2021, suggesting potentially strong economic growth and evolving employment opportunities. However, the sharp increase in average state and local income taxes, jumping from $4,600.00 in 2012 to $10,476.79 in 2021, indicates a higher tax burden, which may influence both residential attractiveness and investment decisions. With the total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Noble County, IN over the last 9 years
Noble County, Indiana has experienced a consistent increase in average taxable income per tax return over the past nine years, with a notable jump from $44,661.81 in 2013 to $62,739.72 in 2021. The steady incline, particularly the sharp rise in recent years, could indicate economic growth and evolving employment opportunities, potentially making it an appealing spot for investment and residential property development. Those interested in relocating or building in Noble County might find the upward trend in income levels encouraging, suggesting a robust local economy.
Average State and Local Income Taxes Per Tax Return in Noble County, IN Over the Last 10 Years
Over the past decade, Noble County, Indiana has seen a significant increase in average state and local income taxes per tax return, rising from $4,600.00 in 2012 to $10,476.79 in 2021. This steep upward trend, particularly noticeable after 2017, indicates a growing tax burden for residents, which can impact overall living costs and investment attractiveness. Potential investors and residents should consider these tax implications when planning to build property or move to this area.
Average Total Tax Liability Per Tax Return in Noble County, IN Over the Last 10 Years
Noble County, Indiana has seen a notable increase in average total tax liability per tax return over the past decade, peaking at $8,523.28 in 2021. This trend suggests a rising financial commitment for taxpayers, which could impact decisions around real estate investments and residential moves. Investors and potential residents might see this as a mixed signal—on one hand, potentially indicating a growing local economy, but on the other, pointing to higher living costs.
Cost of Living in Noble County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,056 | $1,243 | $1,914 | $1,240 | $1,037 |
| 1 adult 4 children | $1,056 | $1,015 | $1,464 | $1,240 | $1,109 |
| 2 adults 3 children | $1,056 | $1,015 | $1,660 | $1,240 | $851 |
| 1 adult 3 children | $1,056 | $829 | $1,210 | $1,240 | $895 |
| 2 adults 2 children | $857 | $831 | $1,407 | $1,084 | $784 |
| 1 adult 2 children | $857 | $621 | $957 | $1,084 | $697 |
| 2 adults 1 child | $857 | $657 | $1,154 | $577 | $727 |
| 1 adult 1 child | $857 | $424 | $703 | $577 | $607 |
| 2 adults | $651 | $528 | $900 | $0 | $607 |
| 1 adult | $573 | $288 | $450 | $0 | $499 |
Safety trends & Data
In Noble County, Indiana, property crime trends over the last five years show an interesting mix. Burglary incidents significantly dropped from 14 in 2018 to just one per year from 2019 to 2022, indicating a possible boost in home security or community vigilance. Meanwhile, larceny-theft cases peaked at 37 in 2018, dipped to 8 in 2021, but rose again to 22 in 2022, suggesting fluctuating petty crime activity. Motor vehicle thefts have remained relatively stable, while vandalism and fraud cases... Read more
Property Crime Trends in Noble County, IN Over the Last 5 Years
In Noble County, Indiana, property crime trends over the last five years show an interesting mix. Notably, the number of burglary incidents has seen a significant drop from 14 in 2018 to just one per year from 2019 to 2022, indicating a likely improvement in home security or community vigilance. Larceny-theft cases peaked at 37 in 2018, dipped to a low of 8 in 2021, but significantly climbed again to 22 in 2022, suggesting some fluctuation in petty crime activity. Motor vehicle thefts have remained relatively steady with modest fluctuations, while categories like vandalism and fraud are minimal and decreasing. Such trends could influence real estate decisions, insurance rates, and community planning for those living in or considering investing in Noble County.
Demographics
Noble County, Indiana showcases a balanced gender distribution with nearly equal counts of males and females. Education levels reveal an overwhelming proportion of high school graduates, though college completion is significantly lower. The age structure suggests a prominent older demographic, especially in the 55 to 64 age range, potentially impacting local services and resources in the future. Racially, the county is predominantly White, with minimal diversity, which could influence social... Read more
Race Distribution in Noble County, Indiana (2022)
Educational Attainment in Noble County, Indiana (2022)
Age Distribution in Noble County, Indiana
Citizen Population in Noble County, Indiana (2022)
Political Trends & Data
Noble County, Indiana's real estate market could be influenced by its strong conservative leaning, evidenced by the substantial Republican vote share in recent presidential elections. This might attract buyers who prefer communities with traditional values or conservative policies. The presence of Democratic votes, though smaller, hints at some level of political diversity, while the limited support for Libertarians suggests that third-party influences remain minimal in shaping local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Noble County, Indiana, Republicans secured a predominant share of the vote, potentially reflecting a strong conservative leaning within the community. The Democratic vote, while significantly lower, suggests some level of bipartisan presence. The minimal support for Libertarians indicates limited traction for third-party candidates.
73.97% of voters voted for the Republican party in the 2020 Presidential Election
24.28% 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
School Data
Noble County, Indiana's student-to-teacher ratio has shifted dramatically, moving from 16-17 students per teacher between 2014 and 2020 to around 12.4 in recent years. This trend may suggest an enhancement in educational quality, affecting the attractiveness of the area for families and potentially driving up property values. These changes could interest investors, real estate agents, and developers looking to capitalize on an improving educational environment. Lower ratios might also appeal to... Read more
Student-to-teacher ratio in Noble County, Indiana over the last 10 years
Over the past decade, Noble County, Indiana has seen the student-to-teacher ratio hover above the national average of 14 students per teacher, with notable adjustments. From 2014 to 2020, ratios fluctuated between 16 and 17 students per teacher, suggesting potentially larger class sizes, which might impact educational effectiveness and teacher workload. However, a significant drop occurred in the last two years, with ratios falling to approximately 12.4 students per teacher by 2022 and 2023. For investors, real estate agents, and those considering moving to or developing in the area, these changes could indicate an improvement in educational quality, potentially making the county more attractive for families. Lower ratios are also a point of interest for appraisers and insurance agents assessing property values, as improved educational resources typically contribute to higher property desirability and value.
