Scott County Real Estate and Livability Trends
Scott County, Indiana has witnessed substantial growth in both average taxable income and median home values, suggesting economic expansion. Median home values jumped from $98,700 in 2015 to $137,200 in 2022, marking it as more affordable compared to the state and national medians. There was a significant leap in home values from $117,100 in 2021 to $137,200 in 2022, hinting at increased demand.... Read more
Scott County Market Trends
Scott County, Indiana's median home values have climbed from $98,700 in 2015 to $137,200 in 2022, making it more affordable compared to Indiana's state median of $183,600 and the national median of $179,400. Notable for potential investors, there was a significant leap from $117,100 in 2021 to $137,200 in 2022, suggesting a rising demand. Residential energy tax credits have shown variable but... Read more
Median Value of Occupied Housing Units in Scott County, Indiana Over the Last 8 Years
Scott County, Indiana's median home values have shown consistent growth over the past eight years, starting at $98,700 in 2015 and reaching $137,200 in 2022. Compared to both the state and national medians, Scott County remains more affordable, with Indiana's statewide median hitting $183,600 and the national figure climbing to $179,400 in 2022. The significant increase in Scott County's housing values, especially the jump from $117,100 in 2021 to $137,200 in 2022, suggests rising demand and potential for investment in this more affordable region.
Residential Energy Tax Credit Per Tax Return in Scott County, IN Over the Last 8 Years
Scott County, Indiana has seen a fluctuating yet generally increasing trend in residential energy tax credits over the past eight years, with notable spikes in 2017 and 2021 where average credits per tax return reached approximately $666.67 and $860.00 respectively. This could suggest growing investments in energy-efficient home improvements among residents, which might appeal to potential investors, appraisers, and insurance agents evaluating the region’s commitment to sustainability. Homebuilders and real estate agents may find these trends encouraging as they imply that properties with energy-efficient upgrades have potential for favorable tax incentives, potentially enhancing their market appeal.
Average Real Estate Taxes Per Tax Return in Scott County, IN Over the Last 10 Years
Scott County, Indiana has seen a notable increase in average real estate taxes per tax return over the last decade. Starting around $1,473 in 2012, the figure has generally trended upward, reaching over $2,595 by 2021. This upward trend might interest potential investors or real estate agents, as it reflects increasing property values which could signal a growing and potentially more lucrative market. Those involved in property appraisals or insurance should consider these trends for more accurate assessments and risk evaluations.
Percentage of Farm Returns in Scott County, IN Over the Last 10 Years
Over the last decade, the percentage of farm tax returns filed in Scott County, Indiana has shown some fluctuations. The highest observed percentage was around 2.82% in 2012, dropping to approximately 2.21% by 2021. This decrease may suggest a slight downturn in farm-related activities or changes in the agricultural economy. For those considering investments or building property in the area, these trends in farm tax returns could imply shifts in land use and economic focus that might influence long-term planning and development strategies.
Number of Mortgages by Occupancy Type in Scott County, IN Over the Last 5 Years in Scott County
Scott County, Indiana has shown a notable increase in mortgage activity for principal residences over the past five years, with numbers peaking in 2021. Investment property mortgages have remained relatively stable, while mortgages for second residences have stayed minimal but steady. For investors and potential movers, understanding the dominance of principal residence mortgages could signal a robust local demand for primary homes. Appraisers and insurance agents might find the stability in investment properties reassuring, suggesting a consistent interest in rental or resale opportunities. For developers and real estate agents, these trends hint at a thriving primary housing market, which might shape future development and sales strategies.
Economic Outlook
Scott County, Indiana has witnessed a consistent rise in the average taxable income per tax return, going from approximately $39,386.28 in 2013 to around $52,492.13 by 2021, suggesting potential economic growth and increasing wages. Additionally, state and local income taxes per tax return have more than doubled over the last decade, with sharp increases notably between 2017 and 2019, reflecting a dynamic economic environment. These trends could influence decisions concerning investments,... Read more
Average Taxable Income per Tax Return in Scott County, IN over the last 9 years
Scott County, Indiana has seen a noticeable upward trend in the average taxable income per tax return over the last nine years, rising from approximately $39,386.28 in 2013 to about $52,492.13 in 2021. This consistent increase could indicate economic growth and potentially higher wages, making it an intriguing prospect for investors, prospective residents, and developers.
Average State and Local Income Taxes Per Tax Return in Scott County, IN Over the Last 10 Years
Scott County, Indiana has experienced a significant increase in average state and local income taxes per tax return over the last decade. Starting at $4,087.10 in 2012, the figure has risen sharply to $8,278.26 by 2021. The most notable jumps occurred between 2017 and 2018, and again from 2018 to 2019, with amounts escalating from $5,277.14 to $6,914.29 and $6,914.29 to $7,923.08, respectively. This trend reflects a dynamic economic environment and could impact decisions around investments, relocations, and property developments in the area.
Average Total Tax Liability Per Tax Return in Scott County, IN Over the Last 10 Years
Scott County, Indiana, has experienced noticeable fluctuations in average total tax liability per tax return over the last decade. Starting at $4,739.77 in 2012, there was a general upward trend, peaking significantly at $6,708.87 in 2021. This variability could suggest shifts in the local economy and tax policies that may impact residents and potential investors. The evident increase over time might imply either rising incomes or adjustments in tax rates, both of which are crucial for anyone considering economic activities in the area.
Cost of Living in Scott County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,150 | $1,231 | $1,678 | $1,277 | $992 |
| 1 adult 4 children | $1,150 | $1,005 | $1,282 | $1,277 | $1,076 |
| 2 adults 3 children | $1,150 | $1,005 | $1,457 | $1,277 | $825 |
| 1 adult 3 children | $1,150 | $821 | $1,060 | $1,277 | $875 |
| 2 adults 2 children | $945 | $823 | $1,236 | $1,116 | $764 |
| 1 adult 2 children | $945 | $615 | $839 | $1,116 | $689 |
| 2 adults 1 child | $945 | $650 | $1,014 | $594 | $712 |
| 1 adult 1 child | $945 | $420 | $618 | $594 | $605 |
| 2 adults | $718 | $522 | $793 | $0 | $590 |
| 1 adult | $659 | $285 | $397 | $0 | $501 |
Safety trends & Data
Scott County, Indiana's property crime rates have had some interesting fluctuations over the past four years. Larceny-theft has seen a sharp decline from 75.0 incidents in 2018 to just 5.0 in 2022. Burglary rates have been more stable but did show a small rise from 5.0 in 2018 to 6.0 in 2019. Motor vehicle thefts and vandalism incidents are quite low, each peaking at 2.0 and 1.0 respectively. Fraud appeared as a new concern in 2022 with 1.0 incident reported. These trends are worth noting for... Read more
Property Crime Trends in Scott County, IN Over the Last 4 Years
Scott County, Indiana has seen notable fluctuations in property crime over the past four years. The most significant decrease is in larceny-theft, dropping dramatically from 75.0 incidents in 2018 to just 5.0 by 2022. Conversely, burglary incidents show slight inconsistencies, with a minor increase from 5.0 in 2018 to 6.0 in 2019. Motor vehicle theft and vandalism remain relatively rare, each peaking at 2.0 and 1.0 incidents respectively. Interestingly, fraud appeared on the radar only in 2022 with 1.0 reported incident. These trends could be critical for real estate agents, insurers, and potential investors in assessing the area's safety and economic stability.
Demographics
The adult population in Scott County, Indiana sees a fairly balanced gender ratio. High school graduates form the largest educational group, but there's a notable percentage of residents without a high school diploma, which could impact local workforce developments. The age distribution reveals a bulk in the working-age bracket (25-64 years), ensuring a potentially robust labor market. The racial demographics display an overwhelmingly White population, hinting at low racial diversity, which... Read more
Race Distribution in Scott County, Indiana (2022)
Educational Attainment in Scott County, Indiana (2022)
Age Distribution in Scott County, Indiana
Citizen Population in Scott County, Indiana (2022)
Political Trends & Data
In Scott County, Indiana, the 2020 U.S. Presidential Election results show a strong preference towards the Republican party, which secured about 72% of the vote. Democrats received around 27%, indicating a notable minority support. Libertarian and Green party presence was minimal, suggesting the political landscape here tends significantly towards Republican influence, potentially impacting local and state-level political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Scott County, Indiana, the 2020 U.S. Presidential Election data suggests a significant lean towards the Republican party with around 72% of the vote. Democrats garnered approximately 27% of the vote, indicating a much lower but still noteworthy support base. The Libertarian presence was minor at about 1%, and the Green party barely registered with less than 0.01% of the vote. The data implies that Scott County tends to favor Republican candidates, which could influence local and state-level political strategies.
72.11% of voters voted for the Republican party in the 2020 Presidential Election
26.57% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% 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
School Data
In Scott County, Indiana, the student-to-teacher ratio has shown notable fluctuations, spiking to thirty-eight students per teacher in 2021 before settling near 16 in 2022 and 2023. This variability can significantly influence property values, as lower ratios generally attract families and investors due to perceived better educational quality. Real estate agents and appraisers should consider these figures in property valuations, while insurance agents might note the potential impact on policy... Read more
Student-to-teacher ratio in Scott County, Indiana over the last 10 years
In Scott County, Indiana, the student-to-teacher ratio has fluctuated over the past decade, peaking dramatically at thirty-eight students per teacher in 2021 before dropping back to closer to 16 in 2022 and 2023. Despite this considerable spike, recent figures suggest a return to more manageable class sizes, which hover near the national average of 14 students per teacher. This variability has implications for property values, as areas with lower student-to-teacher ratios are often viewed more favorably by families and investors due to the perceived enhancement in the quality of education. For appraisers and real estate agents, these figures can impact valuations and demand, while insurance agents might observe variations in policy risks correlated with population density and educational resources. Newcomers and residents should find this data informative when assessing educational infrastructure, as it reflects on the broader community's investment in education.
