Rush County Real Estate and Livability Trends
Rush County, Indiana has seen a consistent increase in average taxable income per tax return, climbing from $45,537.22 in 2013 to $59,094.14 in 2021, signaling a potentially strengthening local economy. Median home values have also risen from $100,700 in 2015 to $147,200 in 2022, though they still lag behind the state and national medians. Residential energy tax credits surged in 2021 to... Read more
Rush County Market Trends
Rush County, Indiana has seen a steady rise in median home values, climbing from $100,700 in 2015 to $147,200 in 2022, though still trailing behind Indiana's median of $183,600 and the national median of $179,400 in 2022. The residential energy tax credit per tax return spiked to $1,376.92 in 2021, indicating a potential uptick in energy-efficient home improvements that might enhance property... Read more
Median Value of Occupied Housing Units in Rush County, Indiana Over the Last 8 Years
Rush County, Indiana has seen a steady climb in median home values over the past eight years, jumping from $100,700 in 2015 to $147,200 in 2022. This localized growth, which is particularly sharp between 2021 and 2022, still trails behind the broader Indiana state median of $183,600 and the national median of $179,400 in 2022. For potential investors and property developers, Rush County's rising values might suggest burgeoning demand, making it a strategically advantageous time to consider new ventures before the market aligns closer with state and national trends.
Residential Energy Tax Credit Per Tax Return in Rush County, IN Over the Last 8 Years
The residential energy tax credit per tax return in Rush County, Indiana, has seen notable fluctuations over the past eight years. The amount spiked significantly in 2021, reaching an average of $1376.92 per return, suggesting a potential increase in energy-efficient home improvements or updates. This rising trend generally indicates growing interest in sustainable energy solutions, which may be a key consideration for investors, real estate agents, and home builders. The notable jump could also impact home appraisals and insurance as properties become more energy-efficient, potentially increasing their overall value.
Average Real Estate Taxes Per Tax Return in Rush County, IN Over the Last 10 Years
Over the past decade, Rush County, Indiana has seen a consistent upward trend in real estate taxes per tax return. Starting from $1,137.98 in 2012, there has been a notable increase, peaking at $2,153.33 in 2021. This jump is particularly significant from 2017 to 2018, where taxes surged from $1,357.02 to $1,804.76. Such data could potentially indicate increasing property valuations and a growing demand in the region, which may be of interest to investors, real estate agents, and those considering moving to the area.
Percentage of Farm Returns in Rush County, IN Over the Last 10 Years
Rush County, Indiana has seen various shifts in the percentage of farm tax returns over the past decade, ranging from a high of 7.70% in 2013 to a low of 6.51% in 2020. Farm tax returns, which reflect the filing of income taxes specifically from farming activities, offer insight into the economic health and viability of agricultural operations in the area. The modest decline observed in recent years may raise questions for potential investors about the sustainability and growth stability of farming in Rush County. This nuanced data is crucial not only for those looking to invest in local agriculture but also for evaluating overall economic trends in the community.
Number of Mortgages by Occupancy Type in Rush County, IN Over the Last 5 Years in Rush County
The data from Rush County, Indiana, highlights that the majority of mortgages over the past five years have been for principal residences, with investment properties and second residences trailing significantly behind. Notably, there's a slight fluctuation in investment property mortgages, growing from 20 in 2018 to 47 in 2022. Meanwhile, mortgages for principal residences experienced a spike in 2021, reaching 1,035, only to stabilize around 745 by 2022. Second residences have had minimal activity, peaking at six in 2020. Changes in occupancy type could clue investors and property developers into market demand shifts, gauging future housing and rental market vitality. Appraisers and insurance agents might also find this information crucial for comparing regional property values and potential risk assessments. For those contemplating a move to Rush County, these trends perhaps signify the area's draw as a primary living destination over a secondary or investment choice. Real estate agents and current residents could utilize these insights for more strategic decision-making.
Economic Outlook
Rush County, Indiana has experienced a steady rise in average taxable income per tax return, climbing from $45,537.22 in 2013 to $59,094.14 in 2021. This growth hints at a strengthening local economy that might attract investors, new residents, and developers. Over the past decade, the average state and local income taxes per tax return also increased significantly, jumping from around $4,983.94 in 2012 to $9,429.41 in 2021, potentially indicating higher economic growth and changes in tax... Read more
Average Taxable Income per Tax Return in Rush County, IN over the last 9 years
Rush County, Indiana has seen a steady rise in average taxable income per tax return over the past nine years, increasing from $45,537.22 in 2013 to $59,094.14 in 2021. This upward trend may indicate a strengthening local economy, which could be an attractive factor for potential investors, new residents, and developers. The consistent growth in income could also suggest a supportive environment for local businesses and a community with increasing purchasing power.
Average State and Local Income Taxes Per Tax Return in Rush County, IN Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Rush County, Indiana have seen a significant increase, rising from roughly $4,983.94 in 2012 to $9,429.41 in 2021. This substantial uptrend, particularly sharp from 2017 onwards, may reflect higher local economic growth, changes in tax policies, or increased household incomes, indicating a potentially robust and evolving tax base for investors and residents.
Average Total Tax Liability Per Tax Return in Rush County, IN Over the Last 10 Years
Rush County, Indiana, has seen fluctuating average total tax liabilities per tax return over the past decade, with figures generally ranging between approximately $6,295.85 and $7,968.40. The most notable spike appears in 2021, reaching $7,968.40, suggesting possible increases in income or changes in tax policy affecting the area. For investors and residents, these variations can signal shifts in economic conditions worth monitoring when considering financial planning or property investments in the county.
Cost of Living in Rush County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,021 | $1,331 | $1,927 | $1,208 | $1,052 |
| 1 adult 4 children | $1,021 | $1,087 | $1,474 | $1,208 | $1,116 |
| 2 adults 3 children | $1,021 | $1,087 | $1,672 | $1,208 | $858 |
| 1 adult 3 children | $1,021 | $888 | $1,219 | $1,208 | $894 |
| 2 adults 2 children | $839 | $890 | $1,417 | $1,056 | $791 |
| 1 adult 2 children | $839 | $665 | $964 | $1,056 | $697 |
| 2 adults 1 child | $839 | $704 | $1,161 | $562 | $731 |
| 1 adult 1 child | $839 | $454 | $708 | $562 | $603 |
| 2 adults | $637 | $565 | $906 | $0 | $611 |
| 1 adult | $561 | $308 | $453 | $0 | $495 |
Safety trends & Data
Rush County, Indiana has seen a notable decrease in property crimes over the last three years. From 2018 to 2020, burglary incidents dropped dramatically from 11.00 to just 3.00, while larceny-theft saw a smaller reduction, settling at 8.00 incidents by 2020 compared to 12.00 in 2018. Motor vehicle theft has remained relatively low at 1.00 incident per year. These trends suggest strengthening community vigilance or effective law enforcement strategies, making it a potentially safer place to... Read more
Property Crime Trends in Rush County, IN Over the Last 3 Years
Rush County, Indiana has seen a notable decrease in overall property crimes over the last three years. From 2018 to 2020, burglary incidents dropped dramatically from 11.00 to just 3.00, while larceny-theft saw a smaller reduction, holding steady at 8.00 incidents by 2020 compared to 12.00 in 2018. Motor vehicle theft has remained relatively low and stable at 1.00 incident per year. These trends could suggest strengthening community vigilance or effective law enforcement strategies, making it a potentially safer place to relocate or invest in property. However, it's worthwhile for real estate agents, insurance agents, appraisers, and prospective builders to monitor these numbers, as areas with fluctuating crime rates may experience shifts in property valuations and insurance premiums.
Demographics
Rush County, Indiana shows a balanced gender distribution among adults with males and females nearly equal in number. Educational attainment varies significantly, with a majority holding a high school diploma or some college experience, though fewer have a bachelor's or higher degree. The age distribution in the county suggests a mature population, with a noticeable number of residents in the 55 to 64 age bracket. The racial composition is predominantly white, highlighting limited racial... Read more
Race Distribution in Rush County, Indiana (2022)
Educational Attainment in Rush County, Indiana (2022)
Age Distribution in Rush County, Indiana
Citizen Population in Rush County, Indiana (2022)
Political Trends & Data
Rush County, Indiana, exhibited notable voting patterns in the 2020 U.S. Presidential Election, potentially reflecting broader political dynamics in rural regions. Republicans secured a commanding lead with approximately 76.00% of the vote, possibly indicating strong conservative sentiment or particularly effective local campaigning. Democrats, garnering around 22.00%, might suggest a smaller but present liberal voter base. Libertarians, though minor at about 1.80%, could nonetheless illustrate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Rush County, Indiana, exhibited notable voting patterns in the 2020 U.S. Presidential Election, potentially reflecting broader political dynamics in rural regions. Republicans secured a commanding lead with an estimated 76% of the vote, possibly indicating strong conservative sentiment or particularly effective local campaigning. Democrats, garnering around 22%, might suggest a smaller but present liberal voter base. Libertarians, though minor at about 1.8%, could nonetheless illustrate a sliver of ideological diversity. This distribution may be indicative of the political climate in similar counties across the Midwest.
76.08% of voters voted for the Republican party in the 2020 Presidential Election
22.11% of voters voted for the Democrat party in the 2020 Presidential Election
1.80% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Rush County, Indiana's student-to-teacher ratio has seen peaks and valleys over the past decade, rising to nearly 17 in 2020 and dipping to around 14 in 2022. As of 2023, the ratio sits at approximately 16, surpassing the national average of 14. These fluctuations might hint at shifting enrollment or staffing changes, factors that directly influence classroom size and educational quality. For real estate agents and prospective residents, the higher ratios could imply larger class sizes, which... Read more
Student-to-teacher ratio in Rush County, Indiana over the last 10 years
Rush County, Indiana's student-to-teacher ratio has fluctuated over the past decade, peaking at nearly 17 in 2020 and dropping to around 14 in 2022. Currently, the 2023 ratio stands at approximately 16, which is higher than the national average of 14. This trend might indicate varying enrollment patterns or staffing adjustments, impacting classroom dynamics and possibly the quality of education. For real estate agents and families considering a move, this ratio is a valuable indicator of the educational environment. Higher ratios might suggest larger class sizes, potentially affecting individual student attention and overall educational outcomes, which is a significant consideration when evaluating the community's appeal.
