Porter County Real Estate and Livability Trends
Porter County, Indiana has experienced notable financial growth, with average taxable incomes rising from $64,811.21 in 2013 to $85,964.86 in 2021, alongside state and local income tax increases, which might hint at enhanced local infrastructure funding. The real estate market shows strong performance, with median home values peaking at $242,300 in 2022, outpacing state and national medians,... Read more
Porter County Market Trends
Porter County, Indiana has experienced a consistent rise in median home values, peaking at $242,300 in 2022, surpassing both the Indiana state median of $183,600 and the national median of $179,400. This trend points to a potentially lucrative market for property investors due to growing demand and appreciation potential. Meanwhile, significant fluctuations in the average residential energy tax... Read more
Median Value of Occupied Housing Units in Porter County, Indiana Over the Last 8 Years
Porter County, Indiana has seen a steady climb in median home values over the past eight years, reaching $242,300 in 2022, which is significantly higher compared to Indiana's state median of $183,600 and the national median of $179,400. This upward trend indicates that Porter County might be a lucrative area for property investors, as it suggests growing demand and potential for future appreciation. For those considering moving to or building in Porter County, this trend could mean higher upfront costs but also the benefit of living in an increasingly desirable area.
Residential Energy Tax Credit Per Tax Return in Porter County, IN Over the Last 9 Years
In Porter County, Indiana, the average residential energy tax credit per tax return has seen significant fluctuations over the last nine years. While the credit was relatively steady from 2013 through 2017, it surged to $1654.55 in 2018, highlighting a possible increase in residential investments towards energy efficiency. Post-2018, the values somewhat stabilized but remained higher than pre-2018 levels, peaking again at $759.33 in 2021. This trend suggests growing awareness and implementation of renewable energy solutions among homeowners, making Porter County an intriguing prospect for eco-conscious investors and real estate stakeholders.
Average Real Estate Taxes Per Tax Return in Porter County, IN Over the Last 10 Years
Over the past decade, Porter County, Indiana has seen a steady increase in average real estate taxes per tax return, rising from around $2,465.40 in 2012 to approximately $4,855.07 in 2021. This upward trend, particularly notable between 2017 and 2018 when there was a significant jump of over $1,200, might suggest growing property values or changes in tax policies. This information is particularly relevant for potential investors, real estate agents, and insurance professionals, as it indicates a possibly increasing tax burden which could impact property valuation and insurance costs.
Percentage of Farm Returns in Porter County, IN Over the Last 10 Years
In Porter County, Indiana, the percentage of farm tax returns has shown a slight decline over the past decade, starting at approximately 0.51% in 2012 and dropping to about 0.40% by 2021. Farm tax returns, a measure of the number of tax filings from agricultural activities, hint at agricultural economic activity but have steadily decreased. This could suggest a shift away from small-scale farming or changes in the local economy affecting farming viability. Investors, potential residents, and current property owners might find this declining trend indicative of broader economic shifts, possibly influencing local property values and economic opportunities within the agricultural sector.
Number of Mortgages by Occupancy Type in Porter County, IN Over the Last 5 Years in Porter County
The data on Porter County, Indiana shows fluctuating mortgage counts for principal residences, investment properties, and second residences over the last five years. Principal residences consistently dominate, but there's been a notable dip from around 15,000 in 2020 to roughly 8,800 in 2022. Investment property mortgages exhibit a slight decrease, suggesting potential cooling in that market segment. Second residences remain a minimal portion, highlighting a lower preference or affordability for such properties here. These shifts can indicate evolving local market dynamics, influencing property values, investment potential, and residential stability, which are crucial for stakeholders like investors, real estate agents, appraisers, and insurance agents.
Economic Outlook
Porter County, Indiana has seen average taxable income per tax return increase from $64,811.21 in 2013 to $85,964.86 in 2021, suggesting steady financial growth. State and local income taxes per tax return nearly doubled from $5,058.69 in 2012 to $10,898.00 in 2021, which could imply enhanced local infrastructure or taller income levels. The county's total tax liability per tax return reached $14,474.68 in 2021, highlighting a potentially stronger local economy but increased financial... Read more
Average Taxable Income per Tax Return in Porter County, IN over the last 9 years
Porter County, Indiana has seen a gradual increase in average taxable income per tax return over the past nine years. From $64,811.21 in 2013, it has risen to $85,964.86 in 2021, reflecting a steady economic growth. This upward trend suggests a potentially improving financial landscape, which might be attractive for investors, potential residents, and property developers considering the area.
Average State and Local Income Taxes Per Tax Return in Porter County, IN Over the Last 10 Years
Porter County, Indiana has seen a substantial rise in state and local income taxes per tax return over the past decade, climbing from an average of $5,058.69 in 2012 to $10,898.00 in 2021. This nearly doubling of tax burdens could reflect a combination of enhanced local infrastructure, increased public services, or rising incomes and property values. For potential investors, builders, or new residents, this indicates a potentially stronger local economy but also a growing cost of living and operating in the area. Keep an eye on whether these rising taxes are translating into higher-quality services and amenities.
Average Total Tax Liability Per Tax Return in Porter County, IN Over the Last 10 Years
Over the past decade in Porter County, Indiana, the average total tax liability per tax return has shown a notable upward trend, peaking at $14,474.68 in 2021. This gradual increase suggests a growing financial responsibility for residents, reflecting potential rises in local income levels or changes in tax policies. With fluctuations like the dip in 2018, prospective investors and property developers might find it useful to consider the broader economic landscape influencing these liabilities. This insight can be significant for those evaluating the financial commitments tied to living, working, or investing in Porter County.
Cost of Living in Porter County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,288 | $1,492 | $1,724 | $1,723 | $1,304 |
| 1 adult 4 children | $1,288 | $1,218 | $1,325 | $1,723 | $1,423 |
| 2 adults 3 children | $1,288 | $1,219 | $1,492 | $1,723 | $1,096 |
| 1 adult 3 children | $1,288 | $995 | $1,094 | $1,723 | $1,193 |
| 2 adults 2 children | $1,050 | $998 | $1,260 | $1,517 | $942 |
| 1 adult 2 children | $1,050 | $745 | $862 | $1,517 | $932 |
| 2 adults 1 child | $1,050 | $789 | $1,029 | $845 | $854 |
| 1 adult 1 child | $1,050 | $509 | $630 | $845 | $715 |
| 2 adults | $856 | $633 | $797 | $0 | $655 |
| 1 adult | $711 | $346 | $399 | $0 | $523 |
Safety trends & Data
Property crime trends in Porter County, Indiana reveal important fluctuations over the past five years. Notable shifts include larceny-theft incidents escalating dramatically to 303 cases in 2021 from just 4 in 2020, then slightly dipping to 278 in 2022. Fraud cases surged to 116 in 2021 from 34 in 2018, before decreasing to 83 in 2022. These figures are valuable for investors, real estate agents, and insurance professionals assessing safety and property market dynamics in the... Read more
Property Crime Trends in Porter County, IN Over the Last 5 Years
Property crime trends in Porter County, Indiana over the past five years suggest varied fluctuations in incidents. Arson cases peaked slightly in 2018 with 6 occurrences but dropped to just 1 by 2022. Larceny-theft saw a significant increase, spiking up to 303 cases in 2021 compared to just 4 in 2020, before slightly declining to 278 in 2022. Fraud incidents showed a notable jump to 116 cases in 2021 from 34 in 2018, though they retreated to 83 in 2022. These trends may be useful for potential investors, real estate agents, and insurance professionals evaluating the area's safety and property market dynamics.
Demographics
Porter County, Indiana's demographics show a close balance between male and female adults, with a slight female majority. The educational attainment reveals that while a significant number of residents have at least a high school diploma, fewer have advanced degrees, indicating varied educational needs and opportunities. Age distribution highlights a substantial portion of the population in the 35 to 64 years range, likely reflecting a mature, working-age demographic. Racially, the county is... Read more
Race Distribution in Porter County, Indiana (2022)
Educational Attainment in Porter County, Indiana (2022)
Age Distribution in Porter County, Indiana
Citizen Population in Porter County, Indiana (2022)
Political Trends & Data
Porter County, Indiana, might show a slight Republican preference, with GOP supporters possibly making up 52% of the vote, compared to 46% for Democrats. Libertarians and other minor parties could hold a very minor share. This political mix, with a conservative tilt, may be crucial for strategizing future campaigns and understanding local voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Porter County in Indiana may exhibit a slight Republican lean, with approximately 52% of the vote, while Democrats potentially secure around 46%. Libertarians and other minor parties, though present, make up a very small portion of the electorate. This could suggest a politically mixed yet slightly conservative-leaning community, potentially significant in understanding voter behavior and strategizing future campaigns.
52.03% of voters voted for the Republican party in the 2020 Presidential Election
45.94% of voters voted for the Democrat party in the 2020 Presidential Election
1.91% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Porter County, Indiana's student-to-teacher ratio has generally hovered above the national average of 14 students per teacher over the last decade. A gradual decline from 18 in 2014 to nearly 16 in 2021 suggests potential improvements in educational attention per student. However, recent years have seen a slight uptick, settling around 17.5 in 2023. Lower student-to-teacher ratios might be indicative of enhanced learning environments, influencing demand dynamics and property valuation within... Read more
Student-to-teacher ratio in Porter County, Indiana over the last 10 years
Porter County, Indiana's student-to-teacher ratio has generally hovered above the national average of 14 students per teacher over the last decade. Notably, the ratio saw a gradual decline from 18 in 2014 to a low of nearly 16 in 2021, suggesting potential improvements in educational attention per student. However, recent years have seen a slight uptick, with the ratio stabilizing around 17.5 in 2023. This trend could interest real estate agents, investors, and families considering relocation, as lower student-to-teacher ratios might be indicative of enhanced learning environments. Conversely, appraisers and insurance agents might see these figures influencing demand dynamics and property valuation within the county.
