Ripley County Real Estate and Livability Trends
Ripley County, Indiana, has seen intriguing shifts in its real estate market, such as median home values rising to $188,400 in 2022, surpassing both the state and national averages. The jump in average taxable income from $47,339.33 in 2013 to $68,059.70 in 2021 suggests a strengthening local economy, which could drive further real estate investment. Notably, real estate taxes have more than... Read more
Ripley County Market Trends
Ripley County, Indiana's median home value surged to $188,400 in 2022, outpacing state and national averages which hit $183,600 and $179,400, respectively. Residential energy tax credits have shown a volatile trend, peaking at $3,050.00 in 2018 but dipping to $850.00 by 2020, highlighting both opportunities and risks for energy-efficient property investments. Real estate taxes have more than... Read more
Median Value of Occupied Housing Units in Ripley County, Indiana Over the Last 8 Years
Ripley County, Indiana's median home value has seen a substantial climb over the past eight years, reaching $188,400 in 2022. This growth rate has outpaced both the state of Indiana and the national figures, where the median home values were recorded at $183,600 and $179,400, respectively, in the same year. For those considering investments or relocating, this upward trend could be indicative of a burgeoning housing market and increasing desirability of the area.
Residential Energy Tax Credit Per Tax Return in Ripley County, IN Over the Last 9 Years
Ripley County, Indiana has seen a fluctuating trend in residential energy tax credits per tax return over the past nine years, peaking dramatically in 2018 at $3,050.00, well above the usual range. Notably, while there's been a general increase, the figures in 2020 showed a dip to $850.00 after previously higher values in 2019 ($1,216.67), suggesting some volatility. This inconsistent pattern indicates potential opportunities and risks for investors and property developers focusing on energy-efficient projects. Interestingly, for residents and real estate agents, these credits could be a compelling factor in promoting eco-friendly living, despite the fluctuation in tax benefits.
Average Real Estate Taxes Per Tax Return in Ripley County, IN Over the Last 10 Years
Over the past decade in Ripley County, Indiana, average real estate taxes per tax return have shown a noteworthy upward trend, rising from approximately $1,454.02 in 2012 to $3,085.29 in 2021. The most significant jumps can be observed from 2017 to 2018, where there was over a $596 increase, and again from 2018 to 2019 with nearly $262 added. This steady increase could indicate growing property values or changes in tax policies, making it an important factor for investors, appraisers, and potential homeowners to consider when evaluating the real estate market in this area.
Percentage of Farm Returns in Ripley County, IN Over the Last 10 Years
Ripley County, Indiana has seen some fluctuations in the percentage of farm tax returns over the last decade. In 2012, the percentage was around 5.83% and slightly increased to roughly 5.89% in 2013. However, there was a gradual decline reaching approximately 5.34% by 2021. These figures indicate a variable agricultural economic environment, which could inform potential investors, property developers, and new residents about the health and trends within the county's agricultural sector. Farm tax returns generally reflect the income levels of farms, thereby serving as a key indicator of the local agricultural economy's performance and stability.
Number of Mortgages by Occupancy Type in Ripley County, IN Over the Last 5 Years in Ripley County
In Ripley County, Indiana, over the past five years, we've seen a steady dominance of mortgages for principal residences compared to investment properties and second homes. Principal residences consistently account for the majority of mortgage counts, showing a prominent demand for living spaces rather than investment or vacation properties. Notably, there's been fluctuating yet generally lower activity in mortgages for investment properties and second residences. These trends highlight potential fluctuations in local housing demand, investment interest, and economic conditions, which could impact property values, investment opportunities, and risk assessments for appraisers and insurers. Knowing the prevalent occupancy type helps real estate agents and potential investors gauge market stability and demand.
Economic Outlook
Ripley County, Indiana's real estate market may be influenced by the significant rise in average taxable income per tax return, which jumped from $47,339.33 in 2013 to $68,059.70 in 2021. This increase, coupled with a surge in average state and local income taxes—from $5,037.17 in 2012 to $16,260.53 in 2021—suggests robust economic growth or shifts in tax policies. The varied but notable growth in total tax liability per tax return, reaching $10,640.42 in 2021, indicates changes in economic... Read more
Average Taxable Income per Tax Return in Ripley County, IN over the last 9 years
Over the past nine years, Ripley County, Indiana has seen a notable increase in the average taxable income per tax return, climbing from $47,339.33 in 2013 to $68,059.70 in 2021. The steady rise, with occasional dips like in 2019, indicates potential economic growth and higher earning power among residents. This trend may attract investors and new residents looking to capitalize on a region with increasing financial prospects, while those already living there might consider this as a sign of a strengthening local economy.
Average State and Local Income Taxes Per Tax Return in Ripley County, IN Over the Last 10 Years
Over the past decade, Ripley County, Indiana, has seen a significant rise in average state and local income taxes per tax return. From $5,037.17 in 2012 to a striking $16,260.53 in 2021, the trend indicates a strong upward shift. The leap between 2017 and 2018 alone shows more than a doubled value, hitting $10,930.43 in 2018, while 2021's figure suggests a further substantial increase. This upward trajectory could signal robust economic growth or changing tax policies, making it an essential consideration for investors, potential residents, and property developers.
Average Total Tax Liability Per Tax Return in Ripley County, IN Over the Last 10 Years
Ripley County, Indiana has seen a varied trend in the average total tax liability per tax return over the past decade, notably increasing from $7,087.81 in 2012 to $10,640.42 in 2021. Significant jumps, particularly in recent years, suggest shifts in economic factors that might influence both individual finances and broader market investment opportunities. Investors, prospective homeowners, and developers should understand these tax trends as they may reflect on overall economic health and potential return on investment in the area.
Cost of Living in Ripley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,139 | $1,219 | $1,834 | $1,249 | $1,045 |
| 1 adult 4 children | $1,139 | $995 | $1,402 | $1,249 | $1,129 |
| 2 adults 3 children | $1,139 | $995 | $1,591 | $1,249 | $864 |
| 1 adult 3 children | $1,139 | $813 | $1,159 | $1,249 | $921 |
| 2 adults 2 children | $845 | $815 | $1,349 | $1,092 | $767 |
| 1 adult 2 children | $845 | $609 | $917 | $1,092 | $682 |
| 2 adults 1 child | $845 | $644 | $1,106 | $581 | $713 |
| 1 adult 1 child | $845 | $416 | $674 | $581 | $599 |
| 2 adults | $642 | $517 | $864 | $0 | $596 |
| 1 adult | $583 | $282 | $432 | $0 | $501 |
Safety trends & Data
Property crime trends in Ripley County, Indiana have shown notable fluctuations over the past four years. In 2018, larceny-theft was the most common with 8 reported cases, while burglary and vehicle theft were less frequent. Interestingly, 2019 saw a sizable reduction in larceny-theft and a slight dip in motor vehicle theft. By 2022, there were fewer property crimes overall, with minimal burglary and fraud activity. These shifts could be of interest to property investors, real estate agents,... Read more
Property Crime Trends in Ripley County, IN Over the Last 4 Years
Property crime trends in Ripley County, Indiana show a noteworthy fluctuation in incidents over the past four years. In 2018, larceny-theft was the most prevalent with 8 reported cases, while burglary and vehicle theft were less frequent. Interestingly, 2019 saw a significant reduction in larceny-theft and a slight dip in motor vehicle theft. By 2022, the data reveals fewer property crimes overall, with burglary and fraud activity being minimal. This shifting landscape may be of interest to property investors, real estate agents, and those considering relocating, as it could indicate varying levels of neighborhood safety and potential insurance considerations.
Demographics
Ripley County, Indiana shows a nearly balanced gender distribution, but women slightly outnumber men. Education-wise, most adults have at least a high school diploma, with a significant portion holding only a high school diploma or some college education. The age demographics suggest a fairly even spread across age groups, with a noticeable concentration of individuals in their late 40s to early 60s, which could imply a stable workforce. Racially, the county is predominantly White, with very... Read more
Race Distribution in Ripley County, Indiana (2022)
Educational Attainment in Ripley County, Indiana (2022)
Age Distribution in Ripley County, Indiana
Citizen Population in Ripley County, Indiana (2022)
Political Trends & Data
Ripley County, Indiana, demonstrates a clear Republican preference in the 2020 U.S. Presidential Election, with about 79% of votes going to the Republican candidate. The Democratic candidate received just under 20%, underscoring a notable gap. Minor parties, such as Libertarians and Greens, barely registered, showcasing a solid two-party system favoring conservative values. This strong Republican leaning might influence local policies and community dynamics in ways conducive to conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ripley County, Indiana, appears to lean heavily Republican in the 2020 U.S. Presidential Election, with nearly 79% of votes favoring the Republican candidate. Democrats garnered just under 20%, suggesting a significant gap between the two major parties. Minor parties, including Libertarians and Greens, collectively made up a tiny fraction of the vote, highlighting a predominantly two-party preference among voters. This trend could indicate strong conservative values prevalent in the area.
78.91% of voters voted for the Republican party in the 2020 Presidential Election
19.44% of voters voted for the Democrat party in the 2020 Presidential Election
1.60% of voters voted for the Livertarian party in the 2020 Presidential Election
0.03% 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
Ripley County, Indiana has seen a decline in student-to-teacher ratios from 15 in 2014 to just over 13 in 2023, now beating the national average of 14 students per teacher. This trend implies potentially smaller class sizes and more individualized attention, making it more attractive for families considering relocation. For real estate investors and agents, improved local school systems could enhance the area's appeal and potentially boost property values. Insurance agents might also interpret... Read more
Student-to-teacher ratio in Ripley County, Indiana over the last 10 years
Ripley County, Indiana has experienced a notable decline in the student-to-teacher ratio over the past decade, moving from 15 students per teacher in 2014 to just over 13 in 2023. With the national average holding steady at around 14 students per teacher, Ripley County now boasts a more favorable ratio, which could imply smaller class sizes and potentially more individualized attention for students—an appealing factor for families considering relocation. For real estate investors and agents, this trend might signal a strengthening of local school systems, making the area more attractive for new families. Insurance agents may also view this as a marker of community stability and vitality, which could influence risk assessments and policy pricing.
