Parke County Real Estate and Livability Trends
In Parke County, Indiana, there's been a notable rise in median home values from $88,200 in 2015 to $121,500 in 2022, albeit at a slower pace than state and national trends. This potentially unique market dynamic offers accessible investment opportunities. Rising average real estate taxes, from $895.28 in 2012 to $2,050.00 in 2021, may suggest increasing property values or changing local fiscal... Read more
Parke County Market Trends
Parke County, Indiana, has seen a steady rise in median home values, increasing from $88,200 in 2015 to $121,500 in 2022, though this is slower compared to Indiana and national trends. This could present an attractive opportunity for investment in a more accessible market. Average residential energy tax credits have fluctuated, with a notable spike to $1,076.92 in 2021, which may reflect changing... Read more
Median Value of Occupied Housing Units in Parke County, Indiana Over the Last 8 Years
Over the last eight years, Parke County, Indiana, has shown significant growth in median home values, jumping from $88,200 in 2015 to $121,500 in 2022. Compared to Indiana's state-wide growth, Parke County appears to have a slower but steady ascent, whereas Indiana moved from $124,200 in 2015 to $183,600 in 2022. National trends saw the median home values increase from $125,500 in 2015 to $179,400 in 2022. This offers a unique opportunity for investment, especially for those looking to capitalize on a market that might be more accessible than rapidly appreciating state and national averages.
Residential Energy Tax Credit Per Tax Return in Parke County, IN Over the Last 8 Years
In Parke County, Indiana, the average residential energy tax credit per tax return has shown significant fluctuation over the last eight years. Starting at $383.33 in 2013, it increased to $650.00 by 2016 and then dropped sharply to $387.50 in 2017. However, the credit surged to $666.67 in 2019 and a remarkable $1,076.92 in 2021. This volatility might suggest changing policy incentives or varying levels of investment in energy-efficient upgrades, which could impact decisions for potential homebuyers, investors, and appraisers. Understanding these trends can be crucial for anyone looking to make informed decisions related to property investment or energy-efficient home improvements in the region.
Average Real Estate Taxes Per Tax Return in Parke County, IN Over the Last 10 Years
Over the past decade, Parke County, Indiana has experienced a notable upward trend in average real estate taxes per tax return. Starting at $895.28 in 2012, taxes have generally increased, spiking particularly in recent years to $2,050.00 in 2021. The most dramatic surge occurred between 2017 and 2018, rising from $1,048.86 to $1,740.00. This trend might be of interest to investors and real estate professionals, as rising taxes could reflect increasing property values or changes in local fiscal policies. Potential homeowners and appraisers should be aware of these hikes when evaluating property costs and long-term affordability in the area.
Percentage of Farm Returns in Parke County, IN Over the Last 10 Years
Farm returns in Parke County, Indiana, have shown a general upward trend over the last decade. Starting at around 6.59% in 2012, they peaked at roughly 7.50% in 2019, with a slight dip to 6.74% in 2020 before rebounding to 7.34% in 2021. Farm tax returns, crucial in understanding the economic health and agricultural viability of the area, can impact local investment opportunities, property values, and overall economic outlook for those considering moving to or investing in the region.
Number of Mortgages by Occupancy Type in Parke County, IN Over the Last 5 Years in Parke County
In Parke County, Indiana, over the past five years, the number of mortgages for principal residences has seen fluctuations, notably peaking at 828 in 2021 before dropping to 573 in 2022. Investment property and second residence mortgages have remained relatively steady, though they are much lower in volume compared to principal residences. These changes in occupancy type are worth noting for investors, real estate agents, and appraisers since they can indicate shifts in housing demand and stability within the county. For those looking to invest or build, understanding these trends can help gauge the potential market size and the sustainability of property values. Insurance agents, too, might find it valuable to align coverage options based on these demographics.
Economic Outlook
Parke County, Indiana has experienced a steady climb in average taxable income per tax return, rising from $44,917.28 in 2013 to $59,111.19 in 2021, reflecting possible economic health improvements. Simultaneously, state and local income taxes have surged, more than doubling from $5,603.54 in 2012 to $10,416.67 in 2021, possibly indicating increasing incomes and a growing economic base. Furthermore, the average total tax liability per tax return has also trended upwards, rising from $6,265.76... Read more
Average Taxable Income per Tax Return in Parke County, IN over the last 9 years
Over the last 9 years, Parke County, Indiana has seen a steady increase in the average taxable income per tax return, rising from approximately $44,917.28 in 2013 to around $59,111.19 in 2021. This gradual upward trend suggests growing economic health in the region, which could be of interest to potential investors and new residents. Notably, the average income has seen noticeable jumps, especially between 2019 and 2021, indicating potential opportunities for business growth and real estate investment in the area.
Average State and Local Income Taxes Per Tax Return in Parke County, IN Over the Last 10 Years
Over the past decade, Parke County, Indiana has seen a significant rise in average state and local income taxes per tax return, jumping from around $5,603.54 in 2012 to $10,416.67 in 2021. This upward trend suggests a growing economic base and potentially higher incomes, highlighting the county's evolving tax landscape. This matters for investors and residents as it reflects the region's economic growth and could impact financial planning and property investments in the area.
Average Total Tax Liability Per Tax Return in Parke County, IN Over the Last 10 Years
Parke County, Indiana has seen a general upward trend in average total tax liability per tax return over the past decade. Starting at $6,265.76 in 2012, it rose to $8,035.17 by 2021, indicating incremental increases with occasional dips. This trend may suggest economic growth, shifts in income levels, or changes in tax regulations. This data could be useful for potential investors, movers, or property developers assessing the financial landscape of the area.
Cost of Living in Parke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,079 | $1,279 | $1,937 | $1,573 | $1,198 |
| 1 adult 4 children | $1,079 | $1,044 | $1,490 | $1,573 | $1,302 |
| 2 adults 3 children | $1,079 | $1,045 | $1,676 | $1,573 | $998 |
| 1 adult 3 children | $1,079 | $853 | $1,229 | $1,573 | $1,074 |
| 2 adults 2 children | $869 | $855 | $1,416 | $1,384 | $882 |
| 1 adult 2 children | $869 | $639 | $969 | $1,384 | $824 |
| 2 adults 1 child | $869 | $676 | $1,155 | $771 | $792 |
| 1 adult 1 child | $869 | $437 | $708 | $771 | $667 |
| 2 adults | $660 | $543 | $894 | $0 | $617 |
| 1 adult | $641 | $296 | $447 | $0 | $522 |
Demographics
In Parke County, Indiana, males make up a slightly smaller portion of the adult population compared to females. When it comes to education, the majority of adults have at least a high school diploma, with a significant number having attended some college. The age distribution hints that the county has a relatively even spread across age groups, though there is a notable peak in the population aged 55 to 64 years. In terms of racial composition, the population is predominantly white, with other... Read more
Race Distribution in Parke County, Indiana (2022)
Educational Attainment in Parke County, Indiana (2022)
Age Distribution in Parke County, Indiana
Citizen Population in Parke County, Indiana (2022)
Political Trends & Data
Parke County, Indiana exhibits a strong Republican dominance in its political landscape, as evidenced by almost 77% of the vote in the 2020 U.S. Presidential Election for the Republican candidate. With Democrats securing just over 21% and minimal turnout for other parties, this might indicate a defined local political alignment that could influence community values and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Parke County, Indiana, the 2020 U.S. Presidential Election appeared to lean heavily Republican, with nearly 77% of the vote, whereas Democrats garnered just over 21%. The Libertarian vote was minimal, making up around 1.5%, and neither Green nor other parties registered any notable support. This pattern may suggest a strong Republican dominance in the area's political landscape.
77.00% of voters voted for the Republican party in the 2020 Presidential Election
21.43% of voters voted for the Democrat party in the 2020 Presidential Election
1.57% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Parke County, Indiana, has experienced a student-to-teacher ratio below the national average of 14 students per teacher for the past decade, with the ratio reaching around 10 students per teacher in 2022 and 2023. This trend suggests smaller class sizes, potentially enhancing the appeal for those looking to invest in or move to the area. For real estate agents and appraisers, this could serve as a selling point that adds value to properties within the county, while insurance agents might see it... Read more
Student-to-teacher ratio in Parke County, Indiana over the last 10 years
The student-to-teacher ratio in Parke County, Indiana has generally been below the national average of 14 students per teacher over the past decade, hitting its lowest point at around 10 students per teacher in 2022 and 2023. This trend may suggest smaller class sizes, which can be a significant draw for those looking to invest in, move to, or build property in the area due to potentially more personalized attention for students. For real estate agents and appraisers, this could be a selling point that adds value to properties within the county. Insurance agents might also see implications in this trend, as it might speak to the overall community environment and stability.
