Posey County Real Estate and Livability Trends
Posey County, Indiana has experienced significant economic growth, reflected in a rise in average taxable income per tax return from $58,882.26 in 2013 to $76,704.80 in 2021. Likewise, the median home value increased from $133,800 in 2015 to $200,900 in 2022, outpacing both state and national averages, suggesting strong appreciation potential. Real estate taxes per return have also risen,... Read more
Posey County Market Trends
Posey County's median home value jumped from $133,800 in 2015 to $200,900 in 2022, outpacing both Indiana's ($183,600) and the national ($179,400) increases. For investors, this could signal strong appreciation potential in a possibly thriving market. Average residential energy tax credits saw a dramatic rise from $539.02 in 2013 to $3,650.00 in 2018, reflecting shifts in energy efficiency... Read more
Median Value of Occupied Housing Units in Posey County, Indiana Over the Last 8 Years
Posey County's median home value has consistently risen over the past eight years, jumping from $133,800 in 2015 to $200,900 in 2022. This rate outpaced both Indiana's and the national increases, where the median home values reached $183,600 and $179,400, respectively, in 2022. If you're looking to invest in real estate, this growth trend could signal strong appreciation potential. For those planning to move or build property in Posey County, the increasing home values might suggest a thriving and possibly competitive real estate market.
Residential Energy Tax Credit Per Tax Return in Posey County, IN Over the Last 9 Years
Over the past nine years, Posey County, Indiana has seen substantial fluctuations in average residential energy tax credits per tax return. Notably, there was a significant increase from $539.02 in 2013 to a peak of $3,650.00 in 2018. The data suggest potential shifts in energy efficiency investments, renewable energy adoption, or changes in tax policy. Such trends might intrigue investors, real estate professionals, and those interested in sustainable living, hinting at a possibly evolving market landscape.
Average Real Estate Taxes Per Tax Return in Posey County, IN Over the Last 10 Years
Over the past decade, Posey County, Indiana has seen a noticeable increase in average real estate taxes per tax return, climbing from $1,464.49 in 2012 to $2,620.59 in 2021. This uptick suggests rising property values and potentially higher funding allocations for local services and infrastructure. Real estate investors and potential homeowners might view this as an indicator of a growing market, while appraisers and insurance agents could interpret it as a sign of heightened property risks and values.
Percentage of Farm Returns in Posey County, IN Over the Last 10 Years
Posey County, Indiana has seen relatively stable trends in farm tax returns over the past decade, with slight fluctuations. Farm returns as a percentage of overall returns hovered between roughly 2.72% and 3.03%. These fluctuations might hint at changing agricultural productivity or economic conditions impacting farmers. For potential investors or residents, this data could suggest a relatively consistent agricultural base, possibly signaling reliability in farmland value and rural economic stability.
Number of Mortgages by Occupancy Type in Posey County, IN Over the Last 5 Years in Posey County
Posey County, Indiana has seen fluctuating mortgage counts for different occupancy types over the last five years. Principal residences dominate the mortgage market, peaking at 1,920 in 2020 and maintaining a steady volume above 1,000 each year. In contrast, investment properties and second residences share a smaller footprint, with investment property mortgages remaining relatively stable around 35-40 annually and second residences rarely exceeding single digits. Changes in occupancy type are significant as they indicate the economic focus and stability of the area. For investors, a higher number of principal residence mortgages suggests a stable homeowner base, while fewer second residences and investment properties might hint at limited short-term rental opportunities. Real estate agents can leverage this data to target their marketing efforts, and appraisers might find varying property types influencing valuation trends. Builders and developers may focus on principal residences to align with demand, and insurance agents can adjust risk assessments based on these occupancy patterns.
Economic Outlook
Posey County, Indiana has experienced a notable uptick in average taxable income per tax return, rising from $58,882.26 in 2013 to $76,704.80 in 2021. Significant increases between 2018-2019 and 2020-2021 might point to economic growth or demographic shifts. Similarly, state and local income taxes have seen a consistent rise, peaking at $10,667.44 in 2019 and settling at $9,948.57 in 2021, indicating a growing tax base. Additionally, the average total tax liability per tax return has generally... Read more
Average Taxable Income per Tax Return in Posey County, IN over the last 9 years
Posey County, Indiana has seen a notable increase in average taxable income per tax return over the past nine years, from approximately $58,882.26 in 2013 to about $76,704.80 in 2021. The most significant jumps occurred between 2018 and 2019, as well as 2020 to 2021, suggesting possible influences such as economic growth or demographic shifts. This upward trend could be a factor for potential investors and property developers considering the region's economic stability and growth potential.
Average State and Local Income Taxes Per Tax Return in Posey County, IN Over the Last 10 Years
Posey County, Indiana, has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at around $5,054.48 in 2012, there has been a consistent upward trend peaking at $10,667.44 in 2019. Despite some fluctuations, recent years have maintained a significantly higher average, with 2021 at $9,948.57, reflecting the county's evolving economic landscape. This trend indicates a growing tax base, which can signal robust economic activity and increased governmental revenues, impacting fiscal policies and local investment opportunities.
Average Total Tax Liability Per Tax Return in Posey County, IN Over the Last 10 Years
Over the past decade in Posey County, Indiana, the average total tax liability per tax return has fluctuated but generally trended upwards, reaching $11,254.03 in 2021. This suggests that the financial responsibilities for taxpayers in the area have likely increased, which could be significant for potential investors and residents evaluating the economic climate. Higher tax liabilities might reflect rising incomes or changes in the tax structure, important factors when considering property investments or relocations.
Cost of Living in Posey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,057 | $1,355 | $1,710 | $1,565 | $1,154 |
| 1 adult 4 children | $1,057 | $1,107 | $1,314 | $1,565 | $1,263 |
| 2 adults 3 children | $1,057 | $1,107 | $1,480 | $1,565 | $961 |
| 1 adult 3 children | $1,057 | $904 | $1,085 | $1,565 | $1,044 |
| 2 adults 2 children | $816 | $906 | $1,250 | $1,377 | $848 |
| 1 adult 2 children | $816 | $677 | $855 | $1,377 | $814 |
| 2 adults 1 child | $816 | $716 | $1,020 | $767 | $781 |
| 1 adult 1 child | $816 | $463 | $625 | $767 | $648 |
| 2 adults | $653 | $575 | $791 | $0 | $611 |
| 1 adult | $580 | $314 | $395 | $0 | $507 |
Safety trends & Data
Posey County, Indiana, has witnessed subtle but notable shifts in property crimes over the past two years. While larceny-theft numbers nudged up from 10 to 11, motor vehicle theft doubled, though it still remains minimal with just 2 incidents. Vandalism decreased from 3 to 1, and arson emerged with a single case in 2022. These trends could be especially relevant for potential investors, insurance agents, and real estate professionals looking to understand the local crime... Read more
Property Crime Trends in Posey County, IN Over the Last 2 Years
Posey County, Indiana, has seen a slight shift in property crimes over the past two years. Larceny-theft remains the most prevalent crime, with 10 occurrences in 2021 and a slight increase to 11 in 2022. Motor vehicle theft has doubled, though the raw numbers are still low, moving from 1 to 2 incidents. Vandalism incidents decreased from 3 in 2021 to just 1 in 2022, while arson appeared for the first time in 2022 with a single case. These subtle changes in property crime rates might interest potential investors, insurance agents, and real estate professionals considering the local crime landscape.
Demographics
Posey County, Indiana shows a nearly balanced gender distribution, which suggests stability in the adult population demographics. Educational attainment varies, with a significant portion having at least a high school diploma, pointing to a generally educated populace. The age distribution indicates a higher concentration of individuals in the 45 to 64 age bracket, which could imply a mature workforce nearing retirement. Racial demographics reveal a predominantly White population, though there... Read more
Race Distribution in Posey County, Indiana (2022)
Educational Attainment in Posey County, Indiana (2022)
Age Distribution in Posey County, Indiana
Citizen Population in Posey County, Indiana (2022)
Political Trends & Data
Posey County, Indiana, appears to lean heavily Republican based on the 2020 U.S. Presidential Election results. Around 70% of the votes went to the Republican candidate, while the Democratic candidate received less than 30%. Third-party options, including the Libertarian party, gathered slightly over 1%, and minor parties had minimal influence. This voting pattern might indicate a strong conservative presence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Posey County, Indiana, the 2020 U.S. Presidential Election results perhaps reflect a strong Republican preference, with nearly 70% of the votes cast for the Republican candidate. Democrats seemed to garner less than 30%, while third-party options like the Libertarian party likely accounted for just over 1%. Minor parties such as the Green Party and other unaffiliated candidates might have had a negligible impact on the outcome, capturing fractions of a percent. This breakdown may suggest a predominantly conservative electorate in this region.
69.55% of voters voted for the Republican party in the 2020 Presidential Election
28.79% of voters voted for the Democrat party in the 2020 Presidential Election
1.62% of voters voted for the Livertarian party in the 2020 Presidential Election
0.02% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Posey County, Indiana has seen its student-to-teacher ratio fluctuate over the past decade, mostly hovering around the national average of 14 students per teacher. Notable variations saw a peak of fifteen in 2015 and a dip to thirteen in 2021. These changes could reflect shifts in educational funding and staffing levels, impacting property values and community appeal. Lower ratios often suggest more personalized education opportunities, making the area attractive to young families, which is... Read more
Student-to-teacher ratio in Posey County, Indiana over the last 10 years
Posey County, Indiana has seen its student-to-teacher ratio fluctuate over the past decade, sitting mostly around the national average of 14 students per teacher. However, notable variations occurred, peaking at fifteen in 2015 and dipping to thirteen in 2021. For potential investors, families considering a move, and real estate agents, these changes could reflect shifts in educational funding and staffing levels, impacting property values and community appeal. Lower ratios generally indicate more personalized education opportunities, often making the area more attractive to young families. Meanwhile, insurance agents and appraisers might find this data relevant in their assessments, as education quality can be a significant factor in risk evaluation and property appraisal.
