Starke County Real Estate and Livability Trends
Starke County, Indiana is seeing notable shifts in its real estate market. The median home value has jumped from $96,900 in 2015 to $145,600 in 2022, suggesting potential for value appreciation in this affordable market. Investment in energy-efficient homes is rising, with residential energy tax credits up significantly. Real estate taxes have also increased, hinting at growing property demand... Read more
Starke County Market Trends
Over the last eight years, the median home value in Starke County, Indiana, has increased from $96,900 in 2015 to $145,600 in 2022. This surge, despite still being lower than state and national medians, spells good news for investors eyeing appreciating assets in affordable markets. Residential energy tax credits have risen significantly, from $228.57 in 2013 to $1,057.14 in 2021, hinting at a... Read more
Median Value of Occupied Housing Units in Starke County, Indiana Over the Last 8 Years
Over the last eight years, the median home value in Starke County, Indiana, has seen a steady increase, rising from $96,900 in 2015 to $145,600 in 2022. This growth is noteworthy considering the median value in Indiana overall went from $124,200 to $183,600 during the same period, while the national median value climbed from $125,500 to $179,400. Despite the relatively lower price point, Starke County's rapid growth rate could attract investors or homebuyers looking for appreciating assets in more affordable markets.
Residential Energy Tax Credit Per Tax Return in Starke County, IN Over the Last 8 Years
Residential energy tax credits in Starke County, Indiana have shown a general upward trend over the last eight years, with significant increases seen particularly from 2017 onward. The average credit per tax return rose from $228.57 in 2013 to an impressive $1,057.14 in 2021. This growth could suggest an increasing investment in energy-efficient home improvements, making it a potentially attractive area for contractors specializing in green energy solutions, real estate investors focusing on eco-friendly properties, and insurance agents who might predict lower claims due to upgraded home systems. The data might also inform potential buyers of the long-term savings and benefits associated with energy-efficient homes in this county.
Average Real Estate Taxes Per Tax Return in Starke County, IN Over the Last 10 Years
Real estate taxes in Starke County, Indiana have shown a noteworthy upward trajectory over the last decade, especially accelerating since 2018. The average tax per return climbed from $1,500.00 in 2012 to a peak of $3,080.00 in 2020, before a slight dip to $2,888.24 in 2021. These figures may suggest a rising demand for property and a potential increase in property values, making this region potentially lucrative for investors and developers, albeit with higher carrying costs for property owners. Real estate agents and appraisers may find this data essential for pricing strategies and market analysis, while insurance agents may need to consider these tax trends when advising clients.
Percentage of Farm Returns in Starke County, IN Over the Last 10 Years
Farm tax returns in Starke County, Indiana have seen a gradual decline over the last decade, falling from approximately 3.13% in 2012 to roughly 2.42% in 2021. These returns serve as financial documents submitted by farm owners to report income and expenses, and their trend might indicate changes in the viability or prevalence of farming in the area. This shift could interest potential investors or new residents eyeing agricultural opportunities, as well as those considering property development, as it hints at evolving economic conditions in the county's agriculture sector.
Number of Mortgages by Occupancy Type in Starke County, IN Over the Last 5 Years in Starke County
In Starke County, Indiana, there has been notable volatility in mortgage counts across different occupancy types over the past five years. Despite an increase in principal residence mortgages from 861 in 2018 to a peak of 1507 in 2021, there was a subsequent drop to 1103 in 2022. Investment property mortgages remained relatively stable but low, hovering around 25-37 each year. Second residence mortgages showed a more varied pattern, with a high of 126 in 2020 down to 54 by 2022. These shifts reflect changing preferences or economic factors influencing property types, impacting real estate market appraisals, investment potentials, and insurance assessments. Understanding these trends can help investors and homebuyers make informed decisions and prepare for market fluctuations.
Economic Outlook
Starke County, Indiana is experiencing a steady rise in average taxable income per tax return, jumping from around $42,098.04 in 2013 to roughly $54,391.18 in 2021. This increase might signal an improving local economy, potentially attracting new residents or investors. State and local income taxes per tax return have also surged, from an average of $4,391.67 in 2012 to $8,726.32 in 2021, indicating higher financial responsibilities for residents. Additionally, fluctuations in total tax... Read more
Average Taxable Income per Tax Return in Starke County, IN over the last 9 years
Starke County, Indiana has seen a general upward trend in average taxable income per tax return over the past nine years, increasing from around $42,098.04 in 2013 to approximately $54,391.18 in 2021. This gradual rise could appeal to potential investors or new residents, indicating possibly an improving economic landscape. The noticeable spike in 2021 suggests some significant economic activities or changes in that period, which might warrant further investigation for those considering financial commitments in the region.
Average State and Local Income Taxes Per Tax Return in Starke County, IN Over the Last 10 Years
Starke County, Indiana has seen a significant upward trend in state and local income taxes per tax return over the last decade. Starting from an average of $4,391.67 in 2012, the numbers have climbed steeply, hitting $8,726.32 in 2021. This rise indicates a growing financial obligation for residents, which potential investors and new homeowners should consider when evaluating the cost of living and tax liabilities in the area.
Average Total Tax Liability Per Tax Return in Starke County, IN Over the Last 10 Years
Over the past decade, average total tax liability per tax return in Starke County, Indiana has generally increased, with some fluctuations. Notable jumps occurred in 2015 with $5,915.12 and a significant spike to $7,121.13 in 2021. This trend may reflect rising incomes or local policy changes affecting tax obligations. Understanding these shifts is crucial for potential investors and locals aiming to predict future financial commitments.
Cost of Living in Starke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,042 | $1,387 | $1,808 | $1,206 | $1,055 |
| 1 adult 4 children | $1,042 | $1,133 | $1,382 | $1,206 | $1,126 |
| 2 adults 3 children | $1,042 | $1,133 | $1,569 | $1,206 | $861 |
| 1 adult 3 children | $1,042 | $925 | $1,143 | $1,206 | $905 |
| 2 adults 2 children | $826 | $928 | $1,330 | $1,055 | $783 |
| 1 adult 2 children | $826 | $693 | $904 | $1,055 | $692 |
| 2 adults 1 child | $826 | $733 | $1,091 | $561 | $726 |
| 1 adult 1 child | $826 | $474 | $665 | $561 | $601 |
| 2 adults | $642 | $589 | $852 | $0 | $613 |
| 1 adult | $576 | $321 | $426 | $0 | $504 |
Safety trends & Data
Property crime in Starke County, Indiana, has fluctuated over the past five years, with burglary incidents peaking at 17.00 in 2020 and dropping to 7.00 in 2022. Vandalism saw a notable spike in 2018 with 14.00 incidents but has since declined significantly. Motor vehicle thefts have been on a gradual rise, hitting 5.00 in 2022. These trends may influence property values, insurance premiums, and investment risks, offering critical insights for real estate agents and... Read more
Property Crime Trends in Starke County, IN Over the Last 5 Years
Property crime trends in Starke County, Indiana, over the last five years show significant fluctuations. Burglary incidents have ranged from as high as 17.00 in 2020 to as low as 7.00 in 2022, illustrating variable risks for properties. Vandalism spiked at 14.00 incidents in 2018 but has since decreased dramatically. Motor vehicle thefts have gradually increased, reaching 5.00 in 2022, pointing to potential growing concerns for vehicle security. Investors and real estate agents might note these trends when considering property value and risk assessments. For those involved in insurance, this data can be critical for adjusting premiums and making informed decisions.
Demographics
Starke County, Indiana sees a fairly balanced adult population by gender with a slight female majority. Educational attainment suggests a population with a significant portion holding only high school diplomas or some college education. Age distribution leans towards an older resident base, possibly impacting local services and infrastructure needs along with community planning. The racial composition is predominantly White, at approximately 97%, which could influence cultural and policy... Read more
Race Distribution in Starke County, Indiana (2022)
Educational Attainment in Starke County, Indiana (2022)
Age Distribution in Starke County, Indiana
Citizen Population in Starke County, Indiana (2022)
Political Trends & Data
Starke County, Indiana saw a significant Republican majority in the 2020 Presidential Election, with around 72.6% of votes going to the GOP. Democrats received about 25.8%, and Libertarians took nearly 1.7%. This conservative lean could potentially shape local policies and electoral strategies, reflecting the community's political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 Presidential Election, Starke County, Indiana leaned predominantly Republican, with approximately 72.6% of votes cast for the GOP. Meanwhile, Democrats garnered around 25.8% of the vote, and Libertarians captured close to 1.7%. Possible implications suggest a strong conservative presence in this region, which might influence local policies and future electoral strategies.
72.56% of voters voted for the Republican party in the 2020 Presidential Election
25.75% of voters voted for the Democrat party in the 2020 Presidential Election
1.69% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the last decade in Starke County, Indiana, the student-to-teacher ratio has stayed above the national average of 14, peaking at 16 in 2017 and remaining high through 2019, before dipping to around 14 in 2021. These trends may influence property investments, as lower ratios can appeal to families seeking more individualized education. Appraisers and insurance agents might also use this data to gauge community commitment to education, potentially affecting property values and... Read more
Student-to-teacher ratio in Starke County, Indiana over the last 10 years
Over the last decade in Starke County, Indiana, the student-to-teacher ratio has fluctuated but generally remained above the national average of 14 students per teacher. Peaks were observed in 2017 at 16, and it remained somewhat high through 2018 and 2019. However, recent years show a dip, especially in 2021 when the ratio dropped to approximately 14, slightly below the national average. These shifts might impact decisions related to property investments and relocations, as lower student-to-teacher ratios are often seen as a sign of more individualized attention in education, which can be appealing for families. Appraisers and insurance agents might also consider this trend when assessing property values and premiums, as it could reflect the community's educational commitment.
