St. Joseph County Real Estate and Livability Trends
St. Joseph County, Indiana has shown promising real estate trends with rising average taxable incomes from $51,042.72 in 2013 to $79,555.14 in 2021, potentially driving local business growth and higher living standards. Median home values rose from $114,800 in 2015 to $165,700 in 2022, signaling relative affordability compared to broader markets. The substantial drop in property crime over the... Read more
St. Joseph County Market Trends
Median home values in St. Joseph County, Indiana, have climbed from $114,800 in 2015 to $165,700 in 2022, comparatively lower than state and national increases, suggesting relative affordability and potential appeal for investors and homebuyers. Average Residential Energy Tax Credit per tax return spiked from $240.74 in 2013 to $1,339.29 in 2018, indicating heightened investment in... Read more
Median Value of Occupied Housing Units in St. Joseph County, Indiana Over the Last 8 Years
Over the last eight years, the median home values in St. Joseph County, Indiana have steadily increased from $114,800 in 2015 to $165,700 in 2022. This growth trend is slightly lower compared to the state of Indiana, which saw values rise from $124,200 in 2015 to $183,600 in 2022. At the national level, home values increased from $125,500 in 2015 to $179,400 in 2022. These differences might suggest a relative affordability in St. Joseph County, making it a potentially attractive market for investors and homebuyers looking for more cost-effective options while still capitalizing on rising property values.
Residential Energy Tax Credit Per Tax Return in St. Joseph County, IN Over the Last 9 Years
Over the past nine years, St. Joseph County, Indiana, has seen significant fluctuations in the average Residential Energy Tax Credit per tax return, with an initial modest rise from $240.74 in 2013 to a peak of $1,339.29 in 2018. Thereafter, the values dipped but remained substantially higher than early years, suggesting increased investments in energy-efficient home improvements. These trends may be of particular interest to potential investors, real estate agents, and homeowners considering energy-saving upgrades, as they indicate a possibly increasing recognition of energy efficiency’s financial benefits in the region.
Average Real Estate Taxes Per Tax Return in St. Joseph County, IN Over the Last 10 Years
Over the past decade, St. Joseph County, Indiana has seen a consistent rise in average real estate taxes per tax return, peaking in 2021 at $4,729.41. After a gradual increase from 2012's $2,287.74 to 2017's $2,772.95, a substantial jump occurred in 2018, where the value surged to $4,170.79. This trend may indicate a strengthening real estate market and possibly higher property values, impacting both homeowners and prospective buyers. Understanding these fluctuations is crucial for investors, real estate agents, and anyone considering property investments or relocations in the area.
Percentage of Farm Returns in St. Joseph County, IN Over the Last 10 Years
Farm tax returns in St. Joseph County, Indiana have shown a general declining trend over the past decade, with percentages slipping from approximately 0.55% in 2012 to around 0.42% in 2021. This indicates a modest contraction in farm-related income tax filings, which could reflect changes in agricultural activity, shifts in land use, or evolving economic conditions in the region. For those interested in investing, moving to, or developing property in St. Joseph County, these trends might suggest a diminishing agricultural footprint, potentially impacting land value assessments and local economic dynamics.
Number of Mortgages by Occupancy Type in St. Joseph County, IN Over the Last 5 Years in St. Joseph County
The mortgage trends in St. Joseph County, Indiana over the past five years show some interesting shifts by occupancy type. Principal residences dominate the market, though their numbers fluctuate, peaking at 17,684 in 2021. Investment properties and second residences hold smaller shares but see a gradual increase in recent years. These changes in occupancy type could signal shifting investor confidence or a changing attractiveness of the region for second homes. This has implications for investors evaluating rental potential, as well as for appraisers and insurance agents who must consider variable property uses in their assessments. Understanding occupancy trends helps real estate agents tailor strategies and provides builders with insights on residential demands.
Economic Outlook
St. Joseph County, Indiana has shown a remarkable increase in average taxable income per tax return, jumping from $51,042.72 in 2013 to $79,555.14 in 2021, suggesting a strengthening local economy. Rising average incomes could fuel local business expansions and better amenities, enticing potential investors and residents. However, the average state and local income taxes have also surged, reaching $18,314.29 in 2021, possibly impacting financial planning and investment decisions. Despite the... Read more
Average Taxable Income per Tax Return in St. Joseph County, IN over the last 9 years
Over the last nine years, average taxable income per tax return in St. Joseph County, Indiana has seen a significant growth trend. From $51,042.72 in 2013 to $79,555.14 in 2021, the increases suggest a strengthening local economy. Although there are minor fluctuations, especially between 2017 and 2020, the notable jump in 2021 could point to new opportunities for investors and potential residents. Higher average incomes may lead to greater consumer spending, possibly fueling local business expansion and offering better amenities for those considering relocating to the area.
Average State and Local Income Taxes Per Tax Return in St. Joseph County, IN Over the Last 10 Years
Over the past decade in St. Joseph County, Indiana, the average state and local income taxes per tax return have shown a notable upward trend. Between 2012 and 2016, there was a steady increase from $6,153.57 to $8,150.06, indicating a rise in regional tax adjustments. A significant jump occurred from 2017 to 2018, with taxes surging from $7,954.59 to $13,255.87, continuing to climb to $18,314.29 by 2021. This trend may influence financial planning and investment decisions, highlighting the need for awareness of rising tax commitments for anyone considering moving to or investing in St. Joseph County.
Average Total Tax Liability Per Tax Return in St. Joseph County, IN Over the Last 10 Years
Over the past decade, St. Joseph County, Indiana has experienced fluctuations in its average total tax liability per tax return, showing a notable increase in recent years. From $8,788.17 in 2012 to $13,756.08 in 2021, these changes may reflect evolving economic factors, adjustments in tax policy, or shifts in local income levels. This trend could be a key consideration for potential investors and residents evaluating the financial landscape of the area.
Cost of Living in St. Joseph County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,397 | $1,460 | $1,818 | $1,771 | $1,357 |
| 1 adult 4 children | $1,397 | $1,192 | $1,398 | $1,771 | $1,478 |
| 2 adults 3 children | $1,397 | $1,193 | $1,574 | $1,771 | $1,146 |
| 1 adult 3 children | $1,397 | $974 | $1,154 | $1,771 | $1,247 |
| 2 adults 2 children | $1,099 | $976 | $1,329 | $1,559 | $957 |
| 1 adult 2 children | $1,099 | $729 | $909 | $1,559 | $949 |
| 2 adults 1 child | $1,099 | $772 | $1,085 | $868 | $865 |
| 1 adult 1 child | $1,099 | $498 | $665 | $868 | $724 |
| 2 adults | $923 | $620 | $840 | $0 | $667 |
| 1 adult | $755 | $338 | $420 | $0 | $529 |
Safety trends & Data
Property crime in St. Joseph County, Indiana has generally trended downward over the past five years, with larceny-theft incidents dropping significantly from 644 to 111 and burglary cases falling from 89 to 31. Motor vehicle theft also reduced from 65 to 14 incidents. These decreases might influence real estate decisions by potentially lowering insurance premiums and improving community well-being, making St. Joseph County increasingly appealing for investment and... Read more
Property Crime Trends in St. Joseph County, IN Over the Last 5 Years
Property crime in St. Joseph County, Indiana has shown a notable decline over the past five years. From 2018 to 2022, incidents of larceny-theft, the most prevalent category, dropped substantially from 644 to 111. Burglary also saw a decrease, falling from 89 to 31 cases. Motor vehicle theft, while still a concern, went from 65 to 14. Vandalism and cases involving stolen property experienced fluctuations but generally trended downward. These changes could potentially influence real estate decisions, insurance premiums, and community well-being, making the area increasingly appealing for investment and residency.
Demographics
Male and female populations in St. Joseph County, Indiana, appear to be relatively balanced, with females having a slight edge. Educational attainment reveals a substantial number of residents have completed high school, while a notable portion holds advanced degrees. Age distribution indicates a fairly even spread across various age groups, suggesting a diverse community with both young families and older adults. Racial composition is predominantly White, with African American and other racial... Read more
Race Distribution in St. Joseph County, Indiana (2022)
Educational Attainment in St. Joseph County, Indiana (2022)
Age Distribution in St. Joseph County, Indiana
Citizen Population in St. Joseph County, Indiana (2022)
Political Trends & Data
St. Joseph County in Indiana showed a slight Democratic lean in the 2020 U.S. Presidential Election, with the party capturing about 52% of the vote, while Republicans trailed at around 46%. Minor parties and candidates barely made a dent, accounting for just under 2%. This near-even split indicates the county could see more competition in upcoming elections, reflecting a potentially shifting political landscape based on voter turnout and evolving... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, St. Joseph County in Indiana appeared to lean slightly towards the Democratic Party, with approximately 52% of the votes. The Republicans followed closely behind with around 46%. Minor parties, including the Libertarian and Green parties, and other candidates garnered minimal support, collectively accounting for just under 2% of the vote. This distribution suggests St. Joseph County could be more competitive in future elections, with potential shifts depending on turnout and changing voter preferences.
46.13% of voters voted for the Republican party in the 2020 Presidential Election
51.98% of voters voted for the Democrat party in the 2020 Presidential Election
1.67% of voters voted for the Livertarian party in the 2020 Presidential Election
0.05% of voters voted for the Green party in the 2020 Presidential Election
0.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
St. Joseph County, Indiana has experienced significant fluctuations in its student-to-teacher ratios, peaking at 63 students per teacher in 2015 before stabilizing between 18 and 21 in recent years. A spike to 42 students per teacher in 2022, nearly three times the national average, stands out. These shifts suggest potential impacts on education quality and could influence property investments and marketing strategies, especially for families considering relocation. High ratios might also... Read more
Student-to-teacher ratio in St. Joseph County, Indiana over the last 10 years
St. Joseph County, Indiana has seen significant fluctuations in its student-to-teacher ratios over the past decade, with numbers peaking at 63 students per teacher in 2015 before dropping to an average range between 18 and 21 in subsequent years. The ratio spiked again in 2022 with 42 students per teacher, nearly tripling the national average of 14 students per teacher, and is currently at 24. High student-to-teacher ratios might indicate larger class sizes, potentially affecting the quality of education and individual student attention. For investors, developers, and real estate agents, understanding these trends could be crucial in making informed decisions about property investments and marketing strategies, particularly to families considering relocation. Higher ratios also signal possible budget constraints or workforce issues, which could interest appraisers and insurance agents assessing school district resources.
