Owen County Real Estate and Livability Trends
Owen County, Indiana, has shown notable economic growth with average taxable incomes rising from $40,833.68 in 2013 to $55,617.69 in 2021, possibly indicating enhanced earning potential. Home values have climbed from $110,200 to $151,400 between 2015 and 2022, still below state and national levels, presenting attractive opportunities for first-time buyers or investors. Tax data highlights... Read more
Owen County Market Trends
Owen County, Indiana's median home values have steadily risen from $110,200 in 2015 to $151,400 in 2022, though they still trail state and national averages, potentially offering appealing opportunities for first-time buyers or investors. Residential energy tax credits peaked at an impressive $1,115.00 in 2021, indicating a growing focus on energy efficiency that could influence property values... Read more
Median Value of Occupied Housing Units in Owen County, Indiana Over the Last 8 Years
Owen County, Indiana's median home values have shown a consistent upward trend over the past eight years, moving from $110,200 in 2015 to $151,400 in 2022. While these gains underscore a robust local real estate market, it's interesting to note that Owen County's home values still lag behind both state and national figures. For instance, Indiana's median home value jumped from $124,200 to $183,600, and the national median soared from $125,500 to $179,400 over the same period. This trend potentially offers a more affordable entry point for first-time homebuyers or investors looking for growth opportunities compared to broader market alternatives.
Residential Energy Tax Credit Per Tax Return in Owen County, IN Over the Last 8 Years
Owen County, Indiana has seen noteworthy fluctuations in residential energy tax credits per tax return over the past eight years, with a gradual uptick culminating in a significant peak of $1,115.00 in 2021. Notably, 2019 also saw a higher-than-average credit of $908.33. These variances suggest possible shifts in energy efficiency investments or changes in available tax incentives. For real estate agents, appraisers, insurance agents, or potential homeowners, this trend could indicate a growing emphasis on energy-efficient upgrades, potentially impacting property values and insurance rates. Investors might find these numbers indicative of a community increasingly focused on sustainable living, which could influence future property developments.
Average Real Estate Taxes Per Tax Return in Owen County, IN Over the Last 10 Years
Over the past decade, Owen County, Indiana, has seen a notable increase in average real estate taxes per tax return. From 2012 to 2021, taxes rose from approximately $1,499.38 to $2,190.91, suggesting a significant upward trend. The most substantial jumps occurred around 2018 and 2020, aligning with broader real estate market dynamics. This pattern may be of interest to investors, real estate agents, and property developers as it could reflect both increased property values and potential changes in local tax policies, impacting overall costs tied to real estate transactions and ownership.
Percentage of Farm Returns in Owen County, IN Over the Last 10 Years
The percentage of farm tax returns in Owen County, Indiana has seen subtle fluctuations over the past decade, beginning at 4.83% in 2012 and modestly peaking at 5.05% in 2014 before exhibiting a gradual decline to about 3.96% in 2021. Farm tax returns, generally filed by those generating income through agricultural activities, provide a snapshot of the economic health and agricultural stability within the county. A steady or growing number indicates potential for agricultural investment, while a decline might suggest economic shifts or changes in land use. This metric can be crucial for investors, potential residents, and developers considering the local agriculture sector's viability and its broader economic impact.
Number of Mortgages by Occupancy Type in Owen County, IN Over the Last 5 Years in Owen County
Investment properties in Owen County, Indiana have seen modest fluctuations, with a slight decline from 42 mortgage counts in 2018 to 46 in 2022; second residences have remained consistently low. Principal residences, however, have experienced more pronounced variability, surging to 1366 in 2021 before falling to 1057 in 2022. These shifts in occupancy types could signal changing economic conditions or evolving preferences among homebuyers. For investors and real estate agents, nuances in these trends might impact property values and demand forecasting. Insurers and appraisers might find these dynamics relevant for risk assessments and market appraisals, while builders and those considering moving to the area could interpret these trends as indicators of market stability or transformation. Understanding the subtle ebb and flow of mortgage rates by occupancy type helps form a more nuanced picture of Owen County's real estate market, potentially guiding more informed decision-making.
Economic Outlook
Over the past nine years, Owen County, Indiana, has seen a steady rise in average taxable income per tax return, growing from around $40,833.68 in 2013 to approximately $55,617.69 in 2021. This could signal potential economic growth and improved earning potential, making the county attractive for investors and new residents. Similarly, average state and local income taxes per tax return have increased from $3,922.09 in 2012 to $6,877.27 by 2021, which might reflect rising fiscal... Read more
Average Taxable Income per Tax Return in Owen County, IN over the last 9 years
Over the past nine years, Owen County, Indiana, has seen a steady increase in the average taxable income per tax return, growing from around $40,833.68 in 2013 to approximately $55,617.69 in 2021. This upward trend signals potential economic growth and improved earning potential for residents, making the county an attractive prospect for investors, developers, and new residents. Such consistent income growth could indicate a stable local economy, potentially influencing property values and investment opportunities positively.
Average State and Local Income Taxes Per Tax Return in Owen County, IN Over the Last 10 Years
Over the past decade, Owen County, Indiana, has seen a notable rise in average state and local income taxes per tax return. In 2012, the average was $3,922.09, climbing steadily to $6,877.27 by 2021. Significant jumps occurred in 2015 through 2016 and again from 2018 onwards, highlighting the county's growing financial demands or economic adjustments. This upward trend matters for investors, potential residents, and property developers as it reflects increasing fiscal responsibilities that might influence living costs and budgeting considerations.
Average Total Tax Liability Per Tax Return in Owen County, IN Over the Last 10 Years
Over the past decade in Owen County, Indiana, the average total tax liability per tax return has shown a general upward trajectory, peaking at $7,138.73 in 2021. Despite some fluctuations, the values suggest a growing economic commitment from residents. This steady increase might interest potential investors or those contemplating relocation, as it indicates an evolving fiscal landscape and possibly rising incomes in the area. With tax liabilities moving from $5,452.09 in 2012 up to the current levels, it's essential to consider how this growth aligns with other economic factors like housing and job markets.
Cost of Living in Owen County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,205 | $1,323 | $1,858 | $1,667 | $1,272 |
| 1 adult 4 children | $1,205 | $1,080 | $1,429 | $1,667 | $1,392 |
| 2 adults 3 children | $1,205 | $1,081 | $1,608 | $1,667 | $1,069 |
| 1 adult 3 children | $1,205 | $882 | $1,179 | $1,667 | $1,164 |
| 2 adults 2 children | $876 | $885 | $1,358 | $1,467 | $895 |
| 1 adult 2 children | $876 | $661 | $929 | $1,467 | $846 |
| 2 adults 1 child | $876 | $699 | $1,108 | $817 | $798 |
| 1 adult 1 child | $876 | $452 | $679 | $817 | $675 |
| 2 adults | $671 | $562 | $858 | $0 | $615 |
| 1 adult | $644 | $306 | $429 | $0 | $520 |
Demographics
Owen County, Indiana, shows slightly more men than women among adults, suggesting near gender balance, a rarity in many areas. Educational trends highlight a significant number completing high school but not pursuing higher education, possibly due to economic or local employment factors. The age distribution skews toward older demographics, indicating potential future challenges in labor force sustainability and healthcare needs. Racial diversity appears minimal, with an overwhelming majority... Read more
Race Distribution in Owen County, Indiana (2022)
Educational Attainment in Owen County, Indiana (2022)
Age Distribution in Owen County, Indiana
Citizen Population in Owen County, Indiana (2022)
Political Trends & Data
Owen County, Indiana might have a strong Republican leaning, with the GOP potentially securing around 73.6% of the vote in the 2020 U.S. Presidential Election. The Democratic Party possibly received about 24.4%, while Libertarian and other third-party votes were minimal, hovering around 2%. This significant gap implies a predominantly Republican base with only a smattering of support for other political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Owen County, Indiana, the Republican Party appears to have dominated the 2020 U.S. Presidential Election, potentially securing around 73.6% of the vote. The Democratic Party may have garnered about 24.4%, indicating a significant disparity between the two major parties. Libertarian votes seem to be minimal at nearly 2%, while Green Party and other votes are practically nonexistent. This distribution suggests a potentially strong Republican base in the county, with limited but present support for other political affiliations.
73.57% of voters voted for the Republican party in the 2020 Presidential Election
24.43% of voters voted for the Democrat party in the 2020 Presidential Election
2.00% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Owen County, Indiana has seen its student-to-teacher ratio drop from 21 students per teacher in 2014 to around 13 in 2023, nearing the US national average of 14. This trend could suggest a more favorable educational environment, often tied to increased community appeal and potential property value growth. Appraisers and insurance agents might view this positively as it can enhance perceptions of neighborhood quality and family-friendly... Read more
Student-to-teacher ratio in Owen County, Indiana over the last 10 years
The student-to-teacher ratio in Owen County, Indiana has seen a notable decline over the past decade, dropping from 21 students per teacher in 2014 to around 13 in 2023. This shift brings the area closer to, and at times below, the US national average of 14 students per teacher. For potential investors, real estate agents, and those considering moving to the area, this trend might suggest a favorable educational environment, which often correlates with heightened community appeal and potential property value appreciation. Appraisers and insurance agents might find this metric useful as it can influence perceptions of neighborhood quality and family-centric amenities.
