Perry County Real Estate and Livability Trends
Perry County, Indiana's real estate market seems to be evolving, with median home values climbing from $100,800 in 2015 to $136,700 in 2022, albeit still lagging behind state and national figures. Significant hikes in real estate taxes and an uptick in principal residence mortgages hint at escalating property values and perhaps growing investment interest. Shifts in educational quality, seen in a... Read more
Perry County Market Trends
Perry County, Indiana, has seen steady growth in median home values from $100,800 in 2015 to $136,700 in 2022, though still trailing state and national averages. The variability in residential energy tax credits, peaking at $883.33 in 2019, points to shifting energy incentives. Real estate taxes surged from $1,460.00 in 2012 to $2,561.54 in 2021, signaling potential property value increases.... Read more
Median Value of Occupied Housing Units in Perry County, Indiana Over the Last 8 Years
Over the past eight years, Perry County, Indiana's median home values have experienced steady growth, rising from $100,800 in 2015 to $136,700 in 2022. This increase is significant when compared to the broader state trends; Indiana's median home values went up from $124,200 to $183,600 in the same period. However, Perry County's median home values still fall behind both the state and national averages, with the U.S. median reaching $179,400 in 2022. For those looking to invest, move, or build in Perry County, the relatively lower home values might present an attractive opportunity, especially given the consistent upward trend.
Residential Energy Tax Credit Per Tax Return in Perry County, IN Over the Last 8 Years
Residential energy tax credits in Perry County, Indiana have varied notably over the past eight years. While there was a peak at $538.89 in 2014, the average credit dipped to $350.00 by 2017, only to surge to $883.33 in 2019. The most recent data indicates a significant credit at $658.33 in 2021. These fluctuations could suggest changing energy initiatives or incentives, making it a crucial consideration for homeowners, real estate agents, appraisers, and anyone involved in property investment or offering insurance in the area.
Average Real Estate Taxes Per Tax Return in Perry County, IN Over the Last 10 Years
Over the past decade, Perry County, Indiana has seen a notable trend in rising real estate taxes per tax return, starting at $1,460.00 in 2012 and peaking at $2,561.54 in 2021. A particularly sharp increase occurred between 2017 and 2019, with taxes jumping from $1,675.24 to $2,476.92. For potential investors, builders, and real estate professionals, this steady increase in real estate taxes could suggest growing property values and a stronger local economy, albeit with higher carrying costs for residents and property owners.
Percentage of Farm Returns in Perry County, IN Over the Last 10 Years
Over the last decade in Perry County, Indiana, the percentage of farm tax returns has slightly declined from approximately 4.75% in 2012 to around 3.69% in 2021. Midway through the period, there was a gentle rise around 2016, but the trend generally shows a decrease. Farm tax returns are essentially income tax filings by individuals or entities engaged in agriculture, reflecting the financial health and activity level of the farming community. Such trends could suggest potential shifts in agricultural viability or a transition towards different economic activities, which could be insightful for investors, potential homeowners, and those considering building property in the area.
Number of Mortgages by Occupancy Type in Perry County, IN Over the Last 5 Years in Perry County
The mortgage landscape in Perry County, Indiana over the past five years shows a notable upward trajectory in principal residence mortgages, peaking at 1,010 in 2021, which could reflect growing housing demand. Investment property mortgages fluctuated, peaking in 2022 at 39, suggesting intermittent interest perhaps tied to market conditions. Second residences consistently lag behind with marginal numbers, indicating limited investment in vacation or secondary homes. Shifts in occupancy types impact property values, local economy stimulation, insurance rates, and investment strategies, crucial elements for stakeholders like investors, appraisers, and real estate agents assessing market health and investment potential in the region.
Economic Outlook
The average taxable income per tax return in Perry County, Indiana has increased from $43,706.02 in 2013 to $57,645.64 in 2021, pointing to possible economic growth or improved employment opportunities. Average state and local income taxes per tax return have also doubled over the past decade, hitting $8,578.57 in 2021, indicating a growing economy or shifts in tax policy. Additionally, the total tax liability has risen, peaking at $7,697.98 in 2021, suggesting potential increases in income or... Read more
Average Taxable Income per Tax Return in Perry County, IN over the last 9 years
The average taxable income per tax return in Perry County, Indiana has shown a generally upward trend over the past nine years. Starting at around $43,706.02 in 2013, it has gradually increased and saw a notable rise in recent years, reaching approximately $57,645.64 in 2021. This progression might indicate a stronger local economy or improved employment opportunities, making Perry County potentially appealing for investment, new residents, or property development. However, fluctuations and broader economic influences should be considered for a holistic view.
Average State and Local Income Taxes Per Tax Return in Perry County, IN Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Perry County, Indiana have seen a consistent increase, jumping from $4,154.47 in 2012 to $8,578.57 in 2021. The significant rise, especially noticeable from 2018 onwards, suggests a growing economy or changes in tax policy, making it a critical factor for prospective investors, new residents, and those considering property development in the region. This trend underscores the evolving financial landscape, indicating potential impacts on disposable income and overall cost of living.
Average Total Tax Liability Per Tax Return in Perry County, IN Over the Last 10 Years
Over the past decade, Perry County, Indiana has seen a fluctuating, yet generally upward trend in average total tax liability per tax return, peaking at $7,697.98 in 2021. The most notable increases occurred between 2012 to 2016 and again from 2020 to 2021. Such trends may suggest a potential rise in income levels or changes in tax policies, making this information particularly relevant for those considering investments or relocations to Perry County.
Cost of Living in Perry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,048 | $1,343 | $1,738 | $1,253 | $1,012 |
| 1 adult 4 children | $1,048 | $1,097 | $1,328 | $1,253 | $1,084 |
| 2 adults 3 children | $1,048 | $1,097 | $1,509 | $1,253 | $831 |
| 1 adult 3 children | $1,048 | $896 | $1,099 | $1,253 | $870 |
| 2 adults 2 children | $826 | $898 | $1,279 | $1,095 | $757 |
| 1 adult 2 children | $826 | $671 | $869 | $1,095 | $666 |
| 2 adults 1 child | $826 | $710 | $1,050 | $583 | $700 |
| 1 adult 1 child | $826 | $459 | $640 | $583 | $581 |
| 2 adults | $642 | $570 | $820 | $0 | $587 |
| 1 adult | $576 | $311 | $410 | $0 | $484 |
Safety trends & Data
Perry County, Indiana has seen significant fluctuations in property crime over the past four years. Burglary incidents have been minimal and decreasing, but larceny-theft surged remarkably from just six cases in 2019 to fifty-four in 2022. Motor vehicle thefts have stayed consistently low, around two to three cases annually. Fraud and other property crimes like vandalism and forgery have also seen slight increases. These trends suggest specific areas of concern for investors, insurance agents,... Read more
Property Crime Trends in Perry County, IN Over the Last 4 Years
Perry County, Indiana has experienced significant flux in property crime over the past four years, with notable spikes and dips. While burglary incidents were relatively minimal, with only seven cases in 2018 and decreasing thereafter, larceny-theft surged remarkably from just six cases in 2019 to fifty-four in 2022. Motor vehicle thefts have remained consistently low, hovering around two to three cases annually. Interestingly, fraud incidents showed a slight increase, and other property crimes like vandalism and forgery have also been recorded sporadically. These trends indicate specific areas of concern for potential investors, insurance agents, and prospective homeowners, highlighting the importance of thorough risk assessment and community engagement for those looking to this region.
Demographics
Perry County, Indiana exhibits intriguing demographic characteristics, particularly with a gender distribution of 8,279 males and 6,791 females among its adult population. Educationally, the majority hold a high school diploma, with a notable share having pursued some college education or higher degrees. Age-wise, the population spans broadly with significant representation in the 25 to 64-year brackets. Racially, the community is predominantly White, with smaller representations of Black or... Read more
Race Distribution in Perry County, Indiana (2022)
Educational Attainment in Perry County, Indiana (2022)
Age Distribution in Perry County, Indiana
Citizen Population in Perry County, Indiana (2022)
Political Trends & Data
Perry County, Indiana, shows a potential strong conservative leaning, with Republicans possibly capturing over 61% of the vote in the 2020 U.S. Presidential Election. Democrats may have secured just over 36%, while Libertarians could have garnered close to 2%. This political landscape might influence local policy directions and could be an indicator of the community's ideological... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Perry County, Indiana, the Republican party appears to have garnered over 61% of the vote in the 2020 U.S. Presidential Election, while the Democratic party received just over 36%. The Libertarian candidate might have pulled in nearly 2% of the vote, and there seemed to be no significant support for Green or other parties. This data could suggest a strong leaning towards conservative policies in local political sentiment.
61.28% of voters voted for the Republican party in the 2020 Presidential Election
36.72% of voters voted for the Democrat party in the 2020 Presidential Election
1.99% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Perry County, Indiana's student-to-teacher ratio has fluctuated over the past decade, peaking at 19 before recently dropping to around 14, which is close to the national average. This trend might appeal to potential homebuyers and investors, as smaller class sizes can suggest more personalized instruction and enhanced educational quality. For real estate professionals, improved school ratios could positively impact property values and livability, making areas near better-rated schools more... Read more
Student-to-teacher ratio in Perry County, Indiana over the last 10 years
Over the last decade, Perry County, Indiana, has seen its student-to-teacher ratio fluctuate noticeably, with peaks as high as 19 and a recent decrease to around 14, close to the national average. This shift could be significant for those considering investing or moving to the area, as it may imply smaller class sizes and potentially more personalized instruction. For real estate agents, appraisers, and insurance agents, these changes might influence property values and livability rates, making areas with better school ratios more attractive. Developers and those looking to build property might also see this trend as a positive, suggesting that local schools are potentially improving, which can be a key selling point for new homes.
