Pike County Real Estate and Livability Trends
Pike County, Indiana's housing market is showing notable affordability gains, with median home values up 43.73% since 2015 but still trailing behind the state's $183.60 median. Real estate taxes have nearly doubled, hinting at either increased property values or adjusting tax rates. In 2020, residential energy tax credits spiked, likely driven by new incentives. Interestingly, principal... Read more
Pike County Market Trends
Pike County, Indiana's housing market is showing significant affordability gains. Median home values surged 43.73% from $88.40 in 2015 to $127.00 in 2022, yet still fall below Indiana's $183.60 median. Real estate taxes also nearly doubled, reflecting potential growth in property value or tax rate changes. Notably, residential energy tax credits saw a sharp rise in 2020, likely due to new... Read more
Median Value of Occupied Housing Units in Pike County, Indiana Over the Last 8 Years
Pike County, Indiana has seen a dramatic rise in median home values, culminating in a 43.73% increase from $88,400 in 2015 to $127,000 in 2022. While Indiana's state median values have also grown, reaching $183,600 in 2022, Pike County's figures still fall below this and the national median of $179,400. This divergence suggests that Pike County's housing market offers more affordability compared to broader state and national markets, potentially appealing for those looking to invest or settle in a less expensive region within Indiana.
Residential Energy Tax Credit Per Tax Return in Pike County, IN Over the Last 8 Years
Over the last eight years in Pike County, Indiana, residential energy tax credits have shown notable fluctuations. After a spike to $492.86 in 2014, there was a decline, hitting $350.00 in 2017. However, in 2020, there was a sharp increase to $1,011.11, likely driven by federal incentives or regional environmental initiatives. These trends are crucial for investors, real estate agents, or anyone looking to build or purchase property, as they reflect the evolving financial benefits tied to energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Pike County, IN Over the Last 10 Years
Over the last decade in Pike County, Indiana, real estate taxes per tax return have shown a notable upward trend. Starting at around $1,340.00 in 2012, the average amount gradually increased, reaching an impressive $2,911.11 by 2021. This rise suggests a potentially increasing property value or adjustments in tax rates, impacting decisions for potential investors, homebuyers, and stakeholders in the real estate market. This could indicate a strengthened local economy or heightened demand, valuable for those looking to buy, sell, or appraise properties in the area.
Percentage of Farm Returns in Pike County, IN Over the Last 10 Years
Farm tax returns in Pike County, Indiana over the past decade have shown a slight decline. Starting at approximately 3.16% in 2012, these returns gently trended downward, reaching around 2.44% in 2021. Farm tax returns generally indicate the financial health of agricultural activities in a region, reflecting factors such as crop yields, market prices, and federal subsidies. Investors, property developers, and new residents may find this data relevant as it can provide insights into the economic vitality of the local agricultural sector, which in turn can influence land value, real estate trends, and community growth. If you're considering investing or moving to the area, it's worth noting how local farming might impact the wider economic landscape.
Number of Mortgages by Occupancy Type in Pike County, IN Over the Last 5 Years in Pike County
Over the past five years, Pike County, Indiana has seen a predominant focus on principal residences in its mortgage counts with significant variations annually, peaking in 2021. Investment properties and second residences have shown relatively stable, yet minimal contributions to overall mortgage activity. Shifts in occupancy types can be crucial for investors and real estate agents as higher principal residence mortgages suggest a stable, homeowner-driven market, potentially reflecting on long-term residency and community ties. Appraisers and insurance agents might find the low number of investment properties and second residences reducing risk profiles, while builders and those looking to move may see this as an indicator of a more permanent and settled community.
Economic Outlook
Pike County, Indiana, is experiencing a notable upward trend in economic factors, with average taxable income per tax return increasing from $47,573.64 in 2013 to around $58,667.50 by 2021, which could signal gradual economic growth. At the same time, state and local income taxes have seen a rise, from $3,951.95 in 2012 to $5,888.89 in 2021, potentially impacting disposable income and living costs. Additionally, the average total tax liability per tax return showed a rise to $7,419.63 in 2021,... Read more
Average Taxable Income per Tax Return in Pike County, IN over the last 9 years
Pike County, Indiana, has experienced a steady upward trend in average taxable income per tax return over the past nine years, starting at $47,573.64 in 2013 and reaching approximately $58,667.50 by 2021. This could indicate gradual economic growth and potentially higher standards of living. For potential investors or those considering a move, the increasing income levels may suggest a growing and prosperous community. However, it is crucial to analyze further to determine if these economic benefits are evenly distributed and sustainable in the long term.
Average State and Local Income Taxes Per Tax Return in Pike County, IN Over the Last 10 Years
Over the past decade, Pike County, Indiana has seen a noticeable upward trend in average state and local income taxes per tax return, climbing from $3,951.95 in 2012 to $5,888.89 in 2021. This rise indicates growing fiscal demands that could impact disposable income and overall living costs. For potential investors or residents, understanding this tax trend is crucial as it directly affects financial planning and cost of living calculations in the region.
Average Total Tax Liability Per Tax Return in Pike County, IN Over the Last 10 Years
Pike County, Indiana's average total tax liability per tax return has shown modest fluctuations over the past decade, with a noteworthy rise to $7,419.63 in 2021. This presents potential economic dynamics for those interested in investing or moving to the area. The variations might be indicative of changing economic conditions and could influence decisions around property investment, development, and overall financial planning for residents or potential newcomers.
Cost of Living in Pike County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,140 | $1,219 | $1,738 | $1,229 | $1,021 |
| 1 adult 4 children | $1,140 | $995 | $1,328 | $1,229 | $1,108 |
| 2 adults 3 children | $1,140 | $995 | $1,509 | $1,229 | $845 |
| 1 adult 3 children | $1,140 | $813 | $1,099 | $1,229 | $903 |
| 2 adults 2 children | $826 | $815 | $1,279 | $1,074 | $746 |
| 1 adult 2 children | $826 | $609 | $869 | $1,074 | $661 |
| 2 adults 1 child | $826 | $644 | $1,050 | $572 | $696 |
| 1 adult 1 child | $826 | $416 | $640 | $572 | $585 |
| 2 adults | $731 | $517 | $820 | $0 | $616 |
| 1 adult | $576 | $282 | $410 | $0 | $492 |
Demographics
Pike County, Indiana's population shows a relatively balanced gender distribution with a slight majority of females over males. The educational attainment data hints at a community with a strong emphasis on high school completion, although a significant portion of the population hasn't pursued education beyond that. The age distribution suggests a demographic with a substantial number of middle-aged and older adults, which could influence local healthcare and senior services. Racial diversity... Read more
Race Distribution in Pike County, Indiana (2022)
Educational Attainment in Pike County, Indiana (2022)
Age Distribution in Pike County, Indiana
Citizen Population in Pike County, Indiana (2022)
Political Trends & Data
In Pike County, Indiana, the predominantly Republican voting trends suggest a conservative demographic which could influence local real estate market preferences. This political leaning may subtly shape demand for certain property types, community amenities, and development projects, potentially favoring family-oriented neighborhoods and traditional housing styles. Keep an eye out for how this might impact property values and the types of buyers you'll encounter in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pike County, Indiana, the 2020 U.S. Presidential Election appeared to heavily favor the Republican party, capturing roughly 75% of the votes. The Democratic party secured about 23%, with minimal support for the Libertarian party at around 2%. There was no recorded support for the Green or other parties, hinting at a predominantly two-party preference among voters in this area.
75.43% of voters voted for the Republican party in the 2020 Presidential Election
22.75% of voters voted for the Democrat party in the 2020 Presidential Election
1.82% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Pike County, Indiana has seen its student-to-teacher ratio drop from 16 in 2017 to around 12 by 2023, lower than the national average of 14. This trend could point to changes in resource allocation, school funding, or enrollment patterns, potentially influencing the local real estate market by making the area more attractive to families. Real estate agents and property developers might notice shifts in residential housing demand, while appraisers and insurance agents could see potential impacts... Read more
Student-to-teacher ratio in Pike County, Indiana over the last 10 years
Over the past decade, Pike County, Indiana has seen fluctuation in its student-to-teacher ratio, peaking at 16 in 2017 and then declining to approximately 12 by 2023, currently below the national average of 14. This changing ratio may suggest variations in resource allocation, school funding, or enrollment trends, which could impact the quality of education and attract families considering relocation. For real estate agents and property developers, these numbers might imply shifts in demand for residential housing. Similarly, appraisors and insurance agents might see these factors influencing property values and insurance premiums. Investors should note that schools with lower student-to-teacher ratios could potentially enhance community desirability and long-term investment value.
