Shelby County Real Estate and Livability Trends
Shelby County, Indiana, has seen average taxable income per tax return grow from $48,339.03 in 2013 to $65,052.07 in 2021, suggesting increased earning potential and economic growth. Real estate trends show a rise in median home values from $120,800 in 2015 to $170,000 in 2022, though property taxes have climbed to $2,658.33 by 2021. The primary homeownership market is thriving with mortgages... Read more
Shelby County Market Trends
Shelby County, Indiana has seen median home values rise from $120,800 in 2015 to $170,000 in 2022, though still lagging behind state and national figures. Notably, the county experienced a spike in residential energy tax credits to $2,420.00 in 2018, reflecting significant energy-efficient upgrades. Real estate taxes have also climbed, reaching $2,658.33 by 2021, impacting property affordability.... Read more
Median Value of Occupied Housing Units in Shelby County, Indiana Over the Last 8 Years
Shelby County, Indiana has seen a steady increase in median home values over the past eight years, reaching $170,000 in 2022 from $120,800 in 2015. Although these values have climbed significantly at a local level, they tend to lag behind the broader trends in Indiana, which saw median home values rise to $183,600 in 2022. Nationally, the housing market experienced similar growth, with median home values reaching $179,400 in the same year. These trends suggest that while Shelby County offers more affordable options compared to state and national averages, it is also seeing robust appreciation, making it an increasingly attractive market for investors and homebuyers alike.
Residential Energy Tax Credit Per Tax Return in Shelby County, IN Over the Last 9 Years
The residential energy tax credit amounts per tax return in Shelby County, Indiana, have varied significantly over the past nine years. Notably, 2018 saw an extraordinary spike to $2,420.00, suggesting a substantial investment in energy-efficient upgrades or policy changes that year. In recent years, the values have fluctuated with a noticeable climb from $733.33 in 2019 to $996.97 in 2021. These variations could imply evolving tax incentives, changing homeowner behaviors, or broader economic shifts that could be critical for investors, real estate agents, and those considering energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Shelby County, IN Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Shelby County, Indiana have shown a notable rise, jumping from around $1,556.63 in 2012 to $2,658.33 by 2021. This upward trend, particularly the sharp increase around 2018, could potentially impact property affordability and investment returns. For real estate developers, insurance agents, and potential homeowners, understanding this upward trajectory is crucial for planning and financial forecasting.
Percentage of Farm Returns in Shelby County, IN Over the Last 10 Years
Farm tax returns in Shelby County, Indiana have been relatively stable over the last decade but show a slight downward trend. In 2012, about 2.59% of tax returns were from farms, with a gradual decline to approximately 2.18% by 2021. These figures could suggest a marginal decrease in the number of active farming operations or possibly a shift in the county's economic focus. This data could be crucial for potential investors or residents who have an interest in agricultural enterprises or the county's economic health. Understanding these trends helps paint a picture of the agricultural landscape in Shelby County, indicating that while farming remains a component of the local economy, it may be facing subtle declines in participation.
Number of Mortgages by Occupancy Type in Shelby County, IN Over the Last 5 Years in Shelby County
Shelby County, Indiana has seen varying trends in the number of mortgages across different occupancy types over the last five years. The data indicates a significant prevalence of mortgages for principal residences, with a peak in 2021 at 3418, reflecting potential growth in primary homeownership. Investment property mortgages have been steadily increasing, albeit at a much lower volume, with a noted rise from 89 in 2018 to 164 in 2021. Second residence mortgages remain relatively negligible. These variations in occupancy types might signal shifts in the local housing market dynamics and the economic landscape, which can be crucial for investors, real estate agents, and appraisers assessing the market's potential. Changes in occupancy types affect insurance rates and property values, essential factors for those planning to build, invest, or move to Shelby County.
Economic Outlook
Shelby County, Indiana has experienced a consistent rise in average taxable income per tax return, growing from $48,339.03 in 2013 to $65,052.07 by 2021, hinting at increased earning opportunities and economic growth. Similarly, average state and local income taxes per return have shown a significant climb, peaking at $10,446.27 in 2021, indicating heightened fiscal demands. Investors and new residents might find Shelby County's upward trend in total tax liability, which increased from... Read more
Average Taxable Income per Tax Return in Shelby County, IN over the last 9 years
The average taxable income per tax return in Shelby County, Indiana has seen a consistent upward trend over the last nine years, growing from $48,339.03 in 2013 to an impressive $65,052.07 by 2021. This rise suggests potentially increased earning opportunities and economic growth in the area, which can be compelling for investors, new residents, or those looking to build property. The substantial increase, particularly noticeable in recent years, highlights Shelby County as a region with a possibly improving financial landscape.
Average State and Local Income Taxes Per Tax Return in Shelby County, IN Over the Last 10 Years
Over the last decade, Shelby County, Indiana has seen a significant increase in average state and local income taxes per tax return. Starting at $4,926.13 in 2012, this figure remained below $5,600 until 2016, after which it saw a sharp rise, peaking at $10,446.27 in 2021. Such an upward trend indicates increased fiscal demands which could influence decisions on investments, relocations, and property development within the county. This data is critical for those seeking insights into the evolving tax landscape of Shelby County.
Average Total Tax Liability Per Tax Return in Shelby County, IN Over the Last 10 Years
For those keeping an eye on Shelby County, Indiana, the average total tax liability per tax return has displayed notable fluctuations over the last decade, offering key insights for potential investors and residents. Notably, the tax liability saw a steady rise from $7,343.03 in 2012 to $9,270.46 in 2021, with brief dips in 2013 and 2018. This upward trend suggests growing economic activity and possibly increased income levels, making Shelby County an intriguing consideration for investment or relocation.
Cost of Living in Shelby County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,148 | $1,331 | $1,807 | $1,631 | $1,229 |
| 1 adult 4 children | $1,148 | $1,087 | $1,390 | $1,631 | $1,316 |
| 2 adults 3 children | $1,148 | $1,087 | $1,564 | $1,631 | $1,009 |
| 1 adult 3 children | $1,148 | $888 | $1,147 | $1,631 | $1,093 |
| 2 adults 2 children | $875 | $890 | $1,321 | $1,435 | $871 |
| 1 adult 2 children | $875 | $665 | $904 | $1,435 | $839 |
| 2 adults 1 child | $875 | $704 | $1,078 | $799 | $796 |
| 1 adult 1 child | $875 | $454 | $661 | $799 | $674 |
| 2 adults | $737 | $565 | $835 | $0 | $640 |
| 1 adult | $634 | $308 | $418 | $0 | $505 |
Safety trends & Data
Shelby County, Indiana's property crime trends have seen some noticeable fluctuations, especially with larceny-theft, which peaked at 113.00 incidents in 2018 before dropping significantly and then rising to 64.00 in 2022. Burglary and motor vehicle theft incidents have remained relatively steady with minor variations, while fraud and vandalism also showed some changes over time. The minimal yet sporadic occurrences of arson and embezzlement add an intriguing layer to the crime landscape. These... Read more
Property Crime Trends in Shelby County, IN Over the Last 5 Years
Property crime trends in Shelby County, Indiana show a noticeable fluctuation over the last five years. Larceny-theft consistently had the highest reported incidents, peaking at 113.0 in 2018 and then seeing a significant drop but rising again to 64.0 in 2022. Burglary and motor vehicle theft stayed relatively consistent, with minor variations, while cases of fraud and vandalism also showed some variability. Interestingly, incidents of arson and embezzlement were minimal but did appear sporadically. These trends could influence potential investors, property developers, and insurance agents when considering the area, as they might reflect underlying factors affecting property safety and community stability.
Demographics
Shelby County, Indiana sees a fairly balanced gender distribution with a slight edge towards females. Educationwise, the majority have at least a high school diploma, although fewer hold advanced degrees. Age distribution skews towards older adults, especially noteworthy is the significant segment above 55 years. Racially, the county is primarily White, with minimal representation from other races. This mix highlights a predominantly older, educated, and racially homogenous community, which may... Read more
Race Distribution in Shelby County, Indiana (2022)
Educational Attainment in Shelby County, Indiana (2022)
Age Distribution in Shelby County, Indiana
Citizen Population in Shelby County, Indiana (2022)
Political Trends & Data
Shelby County, Indiana exhibited a pronounced Republican preference in the 2020 U.S. Presidential Election with about 73% of the vote going to the GOP. The Democratic support was notably lower at roughly 25%, and Libertarian votes were just over 2%. These figures could suggest entrenched political attitudes in Shelby County, hinting at a strong conservative base that may influence various aspects of life and policy in the area, including the real estate market and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Shelby County, Indiana, the 2020 U.S. Presidential Election results suggest a significant leaning towards the Republican party, which garnered approximately 73% of the vote. Democratic support appeared to be much lower, coming in around 25%, while Libertarian votes hovered just over 2%. This distribution of votes may indicate the prevailing political attitudes in Shelby County, potentially reflecting a trend of strong Republican affiliations within the region.
72.87% of voters voted for the Republican party in the 2020 Presidential Election
25.13% of voters voted for the Democrat party in the 2020 Presidential Election
2.00% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Shelby County, Indiana, has seen its student-to-teacher ratio peak at 25 in 2021, well above the national average of 14. This could imply crowded classrooms and potentially lower quality of education, making the area less appealing to families prioritizing schooling. Investors and real estate agents should note this trend as it may influence property values, school funding, and long-term community... Read more
Student-to-teacher ratio in Shelby County, Indiana over the last 10 years
Shelby County, Indiana, has seen fluctuations in its student-to-teacher ratio over the last decade, notably peaking at 25 in 2021. This trend matters because a higher student-to-teacher ratio can suggest more crowded classrooms, potentially impacting the quality of education and individualized attention students receive. With the national average being around 14 students per teacher, Shelby County consistently surpasses this benchmark, making it less attractive for those prioritizing educational quality. Investors, real estate agents, and families should keep these trends in mind, as they can affect property values, school funding, and long-term community development.
