Putnam County Real Estate and Livability Trends
Putnam County, Indiana has experienced impressive growth in average taxable income per tax return, increasing from $46,625.54 in 2013 to $64,263.48 in 2021. Real estate values have likewise surged, with median home values climbing to $175,600 in 2022, outpacing both state and national growth rates. Real estate taxes rose significantly from $1,322.66 in 2012 to $2,302.27 in 2021, indicating... Read more
Putnam County Market Trends
Putnam County, Indiana, has seen notable real estate market dynamics over the past years. Median home values surged to $175,600 in 2022, outpacing both state and national growth rates. This trend suggests appealing market strength and potential for future appreciation. Real estate taxes rose sharply from $1,322.66 in 2012 to $2,302.27 in 2021, possibly due to increased property valuations or... Read more
Median Value of Occupied Housing Units in Putnam County, Indiana Over the Last 8 Years
Over the last eight years, Putnam County, Indiana, has experienced a steady rise in median home values, hitting $175,600 in 2022 from $122,800 in 2015. This increase outpaces Indiana's state averages, which grew from $124,200 to $183,600 in the same period. For context, the national median values moved from $125,500 to $179,400. Investors and potential homeowners might find the local growth appealing, suggesting robust market strength and potential for future appreciation.
Residential Energy Tax Credit Per Tax Return in Putnam County, IN Over the Last 9 Years
Over the past nine years, Putnam County, Indiana has seen significant fluctuations in the average residential energy tax credit per tax return, peaking dramatically at $2,125.00 in 2018 and then stabilizing between $825.00 and $1,020.83 from 2019 to 2021. These variations suggest changing investment levels in energy-efficient home improvements, potentially signaling inconsistent participation in federal or state energy incentive programs. For investors, property developers, and real estate agents, these trends may hint at a variable but growing interest in energy efficiency, which could influence property values and market appeal.
Average Real Estate Taxes Per Tax Return in Putnam County, IN Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Putnam County, Indiana, exhibit a consistent upward trajectory, swelling from $1,322.66 in 2012 to $2,302.27 in 2021. Noticeable leaps occurred around 2018 and 2019, likely influencing property-related financial decisions. This trend might signal increased property valuations or a shift in tax policies, factors that investors, potential homeowners, appraisers, and real estate agents could find intriguing for understanding local market dynamics.
Percentage of Farm Returns in Putnam County, IN Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Putnam County, Indiana, has generally shown a slight downward trend, starting at 4.63% in 2012 and dipping to 3.40% in 2021. Farm tax returns indicate the proportion of tax filings from agricultural activities, and a declining trend may suggest shifts in the local agricultural economy, possibly pointing to changes in farm ownership, consolidation, or diversification into other sectors. For those considering investment, relocation, or property development in Putnam County, keeping an eye on these agricultural trends could provide valuable insights into the evolving economic landscape and potential opportunities or challenges in the region.
Number of Mortgages by Occupancy Type in Putnam County, IN Over the Last 5 Years in Putnam County
Over the past five years, mortgage data in Putnam County, Indiana, indicates a dominant focus on principal residences compared to investment and second residences. While mortgages for principal residences have seen some fluctuations, they remain significantly higher than other categories. Notably, 2020 showed a spike in principal residence mortgages, which suggests there might have been a heightened interest in homeownership or refinancing during that period. Meanwhile, investment properties and second residences have maintained relatively stable but lower volumes. These patterns can inform prospective real estate investors and builders about current market demand, helping them make more data-driven decisions. For insurance agents and appraisers, understanding these trends is crucial for accurate property assessments and risk evaluations.
Economic Outlook
Putnam County, Indiana has experienced a steady increase in average taxable income per tax return, rising from $46,625.54 in 2013 to $64,263.48 in 2021, indicating potential economic growth and making the area more attractive for investors and new residents. State and local income taxes per tax return have also climbed, peaking at $10,328.85 in 2021, with notable spikes between 2017 and 2019, pointing to increased fiscal demands. The average total tax liability per tax return has followed a... Read more
Average Taxable Income per Tax Return in Putnam County, IN over the last 9 years
Putnam County, Indiana has shown a gradual and steady increase in average taxable income per tax return over the past nine years. Starting at around $46,625.54 in 2013, the average taxable income has climbed to approximately $64,263.48 by 2021. This indicates a notable economic growth trend which might attract potential investors and people looking to move into the area. Increasing incomes could imply better local business environments and potentially higher property values, making it an interesting spot for real estate development and investment.
Average State and Local Income Taxes Per Tax Return in Putnam County, IN Over the Last 10 Years
Over the last decade in Putnam County, Indiana, state and local income taxes per tax return have seen a steady increase, peaking at $10,328.85 in 2021. Notable spikes occurred between 2017 and 2019, jumping from $5,753.47 to $8,529.51, suggesting a significant rise in tax contributions during that period. For potential investors, homeowners, or businesses, these trends highlight the growing fiscal demands and may indicate economic changes or development opportunities within Putnam County.
Average Total Tax Liability Per Tax Return in Putnam County, IN Over the Last 10 Years
Over the past decade, Putnam County, Indiana has seen fluctuations in the average total tax liability per tax return, with a notable upward trend. In 2012, the average was $6,127.97 and has grown to $9,010.89 in 2021. This steady increase, despite some dips like in 2018, suggests potential economic growth in the area or changes in taxation. For those considering investing in or moving to Putnam County, this could imply increasing property values and possibly a more robust local economy, but it's crucial to analyze these trends in conjunction with other economic indicators.
Cost of Living in Putnam County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,242 | $1,315 | $1,753 | $1,666 | $1,237 |
| 1 adult 4 children | $1,242 | $1,074 | $1,348 | $1,666 | $1,361 |
| 2 adults 3 children | $1,242 | $1,074 | $1,518 | $1,666 | $1,042 |
| 1 adult 3 children | $1,242 | $877 | $1,112 | $1,666 | $1,140 |
| 2 adults 2 children | $901 | $879 | $1,282 | $1,466 | $875 |
| 1 adult 2 children | $901 | $657 | $877 | $1,466 | $849 |
| 2 adults 1 child | $901 | $695 | $1,046 | $817 | $798 |
| 1 adult 1 child | $901 | $449 | $641 | $817 | $666 |
| 2 adults | $692 | $558 | $811 | $0 | $603 |
| 1 adult | $663 | $305 | $405 | $0 | $512 |
Demographics
Putnam County, Indiana, shows a fairly balanced gender distribution with a slight male majority. The area indicates a strong emphasis on high school education, as a significant portion of the populace holds a diploma, though fewer residents have obtained higher degrees. Age-wise, there's a notable concentration of residents in the older age brackets, particularly those over 55 years. Racially, the county remains predominantly White, with a much smaller presence of other racial groups. These... Read more
Race Distribution in Putnam County, Indiana (2022)
Educational Attainment in Putnam County, Indiana (2022)
Age Distribution in Putnam County, Indiana
Citizen Population in Putnam County, Indiana (2022)
Political Trends & Data
Putnam County, Indiana, showed a strong inclination towards Republican candidates in the 2020 Presidential Election, with roughly 74% of votes. Democrats received about 24%, signaling a marked disparity between the two major parties. Minor parties barely made a dent, collectively drawing less than 3%. This conservative lean could sway local and state policies, possibly affecting real estate investment's regulatory landscape and community planning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Putnam County, Indiana, saw a strong preference for Republican candidates in the 2020 U.S. Presidential Election, with approximately 74% of the votes leaning towards the GOP. Democrats garnered roughly 24% of the vote, indicating a significant gap between the two major parties. Minor parties, including Libertarians, captured marginal support, collectively securing less than 3% of the vote. This voting pattern may suggest that Putnam County maintains a relatively consistent conservative stance, which could influence local and state policies.
73.98% of voters voted for the Republican party in the 2020 Presidential Election
23.78% of voters voted for the Democrat party in the 2020 Presidential Election
2.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Putnam County, Indiana has seen its student-to-teacher ratio drop from around 17 to just under 14.5 students per teacher over the last decade, approaching the national average of 14. This shift suggests a focus on individualized instruction, which is often linked to better educational outcomes. Such improvements in school quality can directly influence property values and overall livability, making the area more attractive to families and investors... Read more
Student-to-teacher ratio in Putnam County, Indiana over the last 10 years
Over the last decade, Putnam County, Indiana has seen fluctuations in its student-to-teacher ratio, with numbers peaking at around 17 students per teacher and gradually decreasing to just under 14.5 by 2023. The county's most recent ratio of nearly 14.5 is just shy of the national average of 14 students per teacher, hinting at an improved focus on individualized instruction. For investors, real estate agents, and anyone considering moving to the area, these changes in educational metrics might signal shifts in community priorities or imply potential benefits in property values, school quality, and overall livability. Consistent or lower student-to-teacher ratios can be appealing for families and are often linked to better educational outcomes, which can indirectly influence housing markets and insurance rates.
