Ohio County Real Estate and Livability Trends
Ohio County, Indiana has experienced a surge in median home values, from $141,000 in 2015 to $189,600 by 2022, outpacing broader trends and indicating strong demand or limited supply. Simultaneously, real estate taxes rose from $891.23 in 2012 to $2,642.86 in 2021, reflecting higher property values or increased tax rates, impacting both investment potential and living costs. An observed dip in... Read more
Ohio County Market Trends
Ohio County, Indiana has seen a notable surge in its median home values, climbing from $141,000 in 2015 to $189,600 by 2022, outpacing both state and national growth. This upward trend suggests strong demand or limited supply, possibly drawing investor interest due to potential returns. Meanwhile, fluctuations in residential energy tax credits, spiking to $1,500 in 2019 before settling at $625 in... Read more
Median Value of Occupied Housing Units in Ohio County, Indiana Over the Last 8 Years
Ohio County, Indiana has seen remarkable growth in its median home values over the past eight years, outpacing both the state and national averages. Starting at $141,000 in 2015 and soaring to $189,600 by 2022, it suggests strong local demand or limited supply. In comparison, Indiana’s median home values progressed from $124,200 in 2015 to $183,600 in 2022, while nationwide figures moved from $125,500 to $179,400 within the same period. The county's consistent value climb could make it an appealing prospect for investors and potential homebuyers seeking a solid return on investment or stable residence. This upward trend also hints at vigorous local economic health, potentially drawing interest from developers and businesses.
Residential Energy Tax Credit Per Tax Return in Ohio County, IN Over the Last 7 Years
Over the last seven years, Ohio County, Indiana has seen significant fluctuations in the average residential energy tax credit per tax return. From 2013 to 2016, credit amounts were fairly steady, hovering around $280.00 to $300.00. However, there was a sharp increase in 2019 to $1500.00, followed by a drop to $760.00 in 2020, and $625.00 in 2021. These variations could suggest changing energy efficiency initiatives, policy adjustments, or shifts in homeowner investments in energy-efficient upgrades. For investors, real estate agents, and property builders, understanding these trends may inform decisions regarding property improvements and market positioning.
Average Real Estate Taxes Per Tax Return in Ohio County, IN Over the Last 10 Years
Ohio County, Indiana has seen a notable rise in average real estate taxes per tax return over the last decade, climbing from $891.23 in 2012 to $2,642.86 in 2021. This upward trend suggests increasing property values or tax rates, which could impact potential investment returns and cost of living. For realtors, appraisers, and insurance agents, this data indicates a shift in the market dynamics, potentially translating to higher premiums, appraisals, and property prices. Prospective investors or residents will want to factor in these rising taxes when assessing the overall appeal and affordability of this location.
Percentage of Farm Returns in Ohio County, IN Over the Last 10 Years
Over the past decade, the percentage of farm returns in Ohio County, Indiana has shown a slight downward trend, dropping from approximately 5.92% in 2012 to around 4.77% in 2021. This data may suggest a gradual reduction in farming activity or profitability in the area. For investors or those considering property development, understanding these trends in farm tax returns can hint at shifting economic landscapes or potential changes in land use. While the decline isn't steep, it's worth noting for strategic planning and long-term investment decisions in Ohio County.
Number of Mortgages by Occupancy Type in Ohio County, IN Over the Last 5 Years in Ohio County
Ohio County, Indiana has seen varying trends in the number of mortgages by occupancy type over the last five years. Principal residence mortgages have shown volatility, peaking at 475 in 2021, then dropping slightly to 325 by 2022. Mortgages for investment properties have remained relatively stable, hovering around 6 to 8 per year, while second residence mortgages have always been low, hitting a high of 5 in 2020 but dropping to just 2 by 2022. Changes in occupancy types could signal shifting economic conditions or lifestyle preferences, influencing both property values and demand. Investors, appraisers, and real estate professionals should take note of these trends to better navigate the local market.
Economic Outlook
Ohio County, Indiana has seen remarkable growth in average taxable income per tax return, jumping from $44,118.57 in 2013 to $63,285.16 in 2021. This upward trend started picking up speed around 2018, hinting at a strengthening local economy. Concurrently, the county witnessed an increase in average state and local income taxes, hitting a peak of $8,433.33 in 2020, reflecting broader economic shifts. The average total tax liability also rose, from $5,711.48 in 2012 to $8,694.59 in 2021,... Read more
Average Taxable Income per Tax Return in Ohio County, IN over the last 9 years
Over the last nine years, Ohio County, Indiana has experienced a notable increase in average taxable income per tax return. From $44,118.57 in 2013 to $63,285.16 in 2021, the county has seen a steady uptick with a particularly sharp climb beginning in 2018. This growth potentially indicates a strengthening local economy, making Ohio County an increasingly attractive destination for investors, prospective residents, and developers.
Average State and Local Income Taxes Per Tax Return in Ohio County, IN Over the Last 10 Years
Over the past decade, Ohio County, Indiana has seen a notable increase in average state and local income taxes per tax return, peaking dramatically in 2020 at $8,433.33. This trend signifies growing fiscal obligations for residents, reflecting broader economic changes that could influence decisions on property investment and residency. Understanding these tax changes is crucial for planning financial strategies, ensuring informed choices in a dynamic economic environment.
Average Total Tax Liability Per Tax Return in Ohio County, IN Over the Last 10 Years
Over the last decade, Ohio County, Indiana has seen a noticeable increase in the average total tax liability per tax return. Starting at $5,711.48 in 2012, it generally climbed to $8,694.59 by 2021. This trend could signal economic growth and potentially rising incomes, which might attract investors and new residents considering the area's upward mobility. For those eyeing property investments or development, these figures suggest a robust fiscal landscape but also indicate higher potential tax burdens.
Cost of Living in Ohio County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,113 | $1,315 | $1,844 | $1,586 | $1,226 |
| 1 adult 4 children | $1,113 | $1,074 | $1,418 | $1,586 | $1,311 |
| 2 adults 3 children | $1,113 | $1,074 | $1,596 | $1,586 | $1,003 |
| 1 adult 3 children | $1,113 | $877 | $1,170 | $1,586 | $1,085 |
| 2 adults 2 children | $831 | $879 | $1,348 | $1,396 | $864 |
| 1 adult 2 children | $831 | $657 | $922 | $1,396 | $827 |
| 2 adults 1 child | $831 | $695 | $1,100 | $777 | $792 |
| 1 adult 1 child | $831 | $449 | $674 | $777 | $667 |
| 2 adults | $638 | $558 | $852 | $0 | $620 |
| 1 adult | $556 | $305 | $426 | $0 | $488 |
Demographics
Ohio County, Indiana's demographic trends reveal a fairly balanced gender distribution among adults, with slightly more females than males. The educational attainment data indicates that a substantial portion of the population has at least a high school diploma, but higher education degrees remain less prevalent. The age distribution suggests a noteworthy number of residents are approaching retirement, which might impact future socioeconomic planning. Racially, the county is predominantly... Read more
Race Distribution in Ohio County, Indiana (2022)
Educational Attainment in Ohio County, Indiana (2022)
Age Distribution in Ohio County, Indiana
Citizen Population in Ohio County, Indiana (2022)
Political Trends & Data
In Ohio County, Indiana, Republicans secured approximately 66% of the 2020 presidential vote, with Democrats capturing just over 20%. Libertarians managed to claim a little more than 11%, revealing a small but noticeable appetite for third-party options. The dominant Republican preference might point to entrenched party loyalty, although the Libertarian turnout suggests some voters are exploring outside the traditional political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Ohio County, Indiana, Republicans garnered around two-thirds of the 2020 presidential vote, while Democrats received just over one-fifth. Libertarians shared in the mix with a little over 11 percent. The clear lead for Republicans may suggest strong party alignment, but the notable fraction of votes for Libertarians hints at a pocket of voters seeking alternatives to the two major parties.
66.80% of voters voted for the Republican party in the 2020 Presidential Election
21.72% of voters voted for the Democrat party in the 2020 Presidential Election
11.48% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Ohio County, Indiana's student-to-teacher ratios have fluctuated over the past decade, peaking at nearly 16:1 in 2017 and now stabilizing around 12 to 13:1. This positions the county below the national average of 14:1, hinting at more individualized attention for students, which could be a significant draw for families, property investors, and educators who prioritize educational... Read more
Student-to-teacher ratio in Ohio County, Indiana over the last 10 years
Ohio County, Indiana has seen fluctuating student-to-teacher ratios over the past decade. Notably, the ratio peaked at nearly 16 students per teacher in 2017 but has generally trended lower, reaching as low as 11 in recent years before stabilizing around 12 to 13 students per teacher. For context, this places the county slightly below the current U.S. national average of 14 students per teacher, suggesting that students in Ohio County might receive more individualized attention compared to many parts of the country. This can be a compelling point for families considering a move, investors evaluating property values, and educators or real estate agents who understand the importance of educational quality.
