Randolph County Real Estate and Livability Trends
Randolph County, Indiana, has shown interesting financial trends, with average taxable income per tax return climbing from $41,089.86 in 2013 to $54,394.55 in 2021, possibly signaling an improving local economy. Meanwhile, the median home value has risen, from $78,200 in 2015 to $97,600 in 2022, offering an attractive yet affordable investment compared to broader market trends. Additionally,... Read more
Randolph County Market Trends
The median home value in Randolph County, Indiana, has risen from $78,200 in 2015 to $97,600 in 2022, making it a potentially more affordable yet appreciating market for buyers compared to state and national trends. Residential energy tax credits in the county have surged, increasing from $283.33 in 2013 to $1,052.38 in 2021, suggesting growing investments in energy efficiency that could enhance... Read more
Median Value of Occupied Housing Units in Randolph County, Indiana Over the Last 8 Years
The median home value in Randolph County, Indiana, has seen a steady increase over the past eight years, rising from $78,200 in 2015 to $97,600 in 2022. This growth, while substantial for the county, falls behind the median values seen statewide and nationally. For context, Indiana's overall median home value surged from $124,200 in 2015 to $183,600 in 2022, and the national median jumped from $125,500 to $179,400 in the same period. This could suggest that Randolph County remains a potentially more affordable, yet appreciating, market for homebuyers and investors when compared to broader trends in Indiana and across the United States.
Residential Energy Tax Credit Per Tax Return in Randolph County, IN Over the Last 8 Years
Over the past eight years, Randolph County, Indiana has seen a notable increase in the average residential energy tax credit per tax return. In 2013, the average credit stood at just $283.33, but it has grown steadily, reaching as high as $1,052.38 by 2021. This trend suggests a growing investment in energy-efficient improvements by residents, which could enhance property values and appeal to environmentally conscious homebuyers. Additionally, the ability for homeowners to claim higher energy tax credits might also signify an increase in the adoption of sustainable practices and technologies in the area. For real estate agents, appraisers, and potential investors, this upward trend could indicate a community prioritizing long-term savings and sustainability, making it an attractive market for green investments.
Average Real Estate Taxes Per Tax Return in Randolph County, IN Over the Last 10 Years
Over the past decade, Randolph County, Indiana has experienced a notable increase in average real estate taxes per tax return, escalating from approximately $1,198.54 in 2012 to around $2,194.12 in 2021. This upward trend, particularly the sharp rises post-2017, may suggest a growing property market and possibly higher property valuations. Such changes could draw interest from potential investors, indicating enhanced opportunities and possibly higher returns. However, for current residents and prospective homeowners, these rising taxes might prompt considerations around affordability and long-term fiscal planning. Real estate agents, appraisers, and insurance agents should note these fluctuations as they likely reflect broader economic and property value shifts within the county.
Percentage of Farm Returns in Randolph County, IN Over the Last 10 Years
Over the past decade, Randolph County, Indiana has seen modest fluctuations in the percentage of farm returns, ranging from 4.93% to 5.62%. This slight variance might indicate relative stability within the agricultural sector, which is noteworthy for potential investors and property developers considering the region. While the trend doesn't necessarily show significant growth, the consistent presence of farm-related tax returns suggests a steady agricultural community that could offer opportunities for sustainable investments.
Number of Mortgages by Occupancy Type in Randolph County, IN Over the Last 5 Years in Randolph County
Over the past five years in Randolph County, Indiana, the majority of mortgage activity has consistently been for principal residences, with numbers hovering around the 1,000 mark annually. Investment property mortgages have been relatively stable, but noticeably lower, usually in the 30-50 range. Second residences barely register, rarely hitting double digits. These trends could indicate slower growth potential for high-return investments, given the low volume of second residence and investment property mortgages. For those planning to invest or insure properties, the dominance of principal residence mortgages suggests a market more stable and less speculative. Real estate agents and builders might focus more on needs of long-term residents rather than short-term rental markets, which can influence pricing strategies and development plans. Understanding these occupancy-type shifts provides crucial insights for financial risk assessments and investment strategies tailored to Randolph County's real estate landscape.
Economic Outlook
Randolph County, Indiana has seen a noticeable rise in average taxable income per tax return, growing from $41,089.86 in 2013 to $54,394.55 in 2021, indicating a potentially improving local economy. Meanwhile, average state and local income taxes have increased significantly, from $4,834.01 in 2012 to $8,914.29 in 2021, suggesting either higher incomes or policy changes. Additionally, average total tax liabilities per tax return have varied but peaked at $7,455.96 in 2021, reflecting a dynamic... Read more
Average Taxable Income per Tax Return in Randolph County, IN over the last 9 years
Randolph County, Indiana has experienced a notable increase in average taxable income per tax return over the last nine years, climbing from $41,089.86 in 2013 to $54,394.55 in 2021. While there have been minor fluctuations, such as a dip to $41,807.34 in 2016, the overall trend is upward, indicating a potentially growing economic health in the area. This could imply a strengthening local economy, which might be appealing for prospective investors, property developers, and new residents looking for a community with positive financial growth.
Average State and Local Income Taxes Per Tax Return in Randolph County, IN Over the Last 10 Years
Over the past decade, Randolph County, Indiana has experienced a notable increase in average state and local income taxes per tax return, jumping from $4,834.01 in 2012 to $8,914.29 in 2021. This sharp rise in tax amounts suggests growing income levels or adjusted tax policies, signaling potential economic growth and stability in the area. For investors, property developers, or new residents, these trends could indicate a robust fiscal environment and an appealing community to consider for future opportunities.
Average Total Tax Liability Per Tax Return in Randolph County, IN Over the Last 10 Years
Over the last decade, Randolph County, Indiana has seen fluctuating average total tax liabilities per tax return, with a notable peak in 2021 at $7455.96. After a significant rise to $7039.46 in 2015, the values exhibited variability, decreasing to $5415.00 by 2018 and then climbing again. This variation may suggest shifts in the economic landscape or tax policy adjustments affecting residents. For potential investors or those looking to move, understanding these trends is crucial, as it could impact financial planning and property investments in the region.
Cost of Living in Randolph County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,099 | $1,287 | $1,779 | $1,216 | $1,021 |
| 1 adult 4 children | $1,099 | $1,051 | $1,360 | $1,216 | $1,097 |
| 2 adults 3 children | $1,099 | $1,051 | $1,544 | $1,216 | $840 |
| 1 adult 3 children | $1,099 | $858 | $1,125 | $1,216 | $886 |
| 2 adults 2 children | $826 | $861 | $1,309 | $1,063 | $751 |
| 1 adult 2 children | $826 | $643 | $890 | $1,063 | $660 |
| 2 adults 1 child | $826 | $680 | $1,074 | $566 | $699 |
| 1 adult 1 child | $826 | $439 | $655 | $566 | $581 |
| 2 adults | $628 | $546 | $839 | $0 | $586 |
| 1 adult | $576 | $298 | $420 | $0 | $488 |
Safety trends & Data
Property crime trends in Randolph County, Indiana, indicate a notable rise in larceny-theft incidents between 2018 and 2020, with cases nearly doubling from 8.0 to 15.0. Burglary incidents peaked at 7.0 in 2019 and remained steady through 2020. Although motor vehicle thefts showed a slight uptick from 1.0 to 3.0, they stayed relatively low. Aspiring residents or investors might find these shifting crime patterns significant, potentially influencing decisions and priorities regarding security... Read more
Property Crime Trends in Randolph County, IN Over the Last 3 Years
Property crime trends in Randolph County, Indiana show a noticeable increase in larceny-theft incidents from 2018 to 2020, nearly doubling from 8.0 to 15.0 reported cases. Burglary cases spiked in 2019 with 7.0 incidents, maintaining the same level through 2020. Motor vehicle theft remained relatively low but saw a minor increase from 1.0 in 2018 to 3.0 in 2020. These patterns could suggest that while certain property crimes are on the rise, others maintain a consistent occurrence, highlighting potential areas of concern for future residents and investors.
Demographics
Randolph County, Indiana, shows a slight female majority in its adult population and a predominant White demographic with minimal representation from other racial groups. Educational attainment varies widely, with a considerable number of adults holding high school diplomas, though a smaller proportion of residents possess bachelor's or higher degrees. The age distribution highlights a balanced spread across different age groups, with the 55 to 64 and under 10 years categories having notably... Read more
Race Distribution in Randolph County, Indiana (2022)
Educational Attainment in Randolph County, Indiana (2022)
Age Distribution in Randolph County, Indiana
Citizen Population in Randolph County, Indiana (2022)
Political Trends & Data
In Randolph County, Indiana, the 2020 U.S. Presidential Election hinted at a strong Republican majority, with the party capturing roughly 75% of votes. Democrats, by comparison, secured around 23%, and the Libertarian party gained a bit over 2%. Such a dominant Republican presence may influence local policies and development priorities, possibly making the area more appealing to like-minded investors and residents. This political landscape might shape everything from zoning laws to school... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Randolph County, Indiana, the 2020 U.S. Presidential Election results might indicate a strong preference for the Republican party, which secured approximately 75% of the vote. Democrats garnered close to 23%, while the Libertarian party obtained just over 2%. Votes for Green party and other candidates were negligible, each almost imperceptible at less than 0.01%. This distribution could suggest a heavily skewed political landscape, potentially impacting local and state policy priorities.
75.09% of voters voted for the Republican party in the 2020 Presidential Election
22.70% of voters voted for the Democrat party in the 2020 Presidential Election
2.20% of voters voted for the Livertarian party in the 2020 Presidential Election
0.01% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Randolph County, Indiana, has seen fluctuations, with a notable rise to 18 in 2019 and a recent peak at 16 in 2023, staying above the national average of 14. These trends could hint at shifts in school funding, population changes, or resource allocation, potentially impacting perceived educational quality. For investors, new residents, appraisers, and real estate agents, understanding these patterns is vital as they can influence property demand and... Read more
Student-to-teacher ratio in Randolph County, Indiana over the last 10 years
The student-to-teacher ratio in Randolph County, Indiana has fluctuated over the past decade, with notable increases in 2019 to 18 and modest declines in other years. Recently, it's been trending slightly above the U.S. national average of 14, peaking again in 2023 at 16. For potential investors, new residents, appraisers, and real estate agents, these changes could indicate shifts in school funding, population dynamics, or resource allocation. Higher ratios might signal growing class sizes, which could impact perceived educational quality and influence property demand and valuations. Understanding these trends helps provide a fuller picture of the community's educational environment, which can be crucial for those evaluating long-term commitments to the area.
