Steuben County Real Estate and Livability Trends
Steuben County, Indiana, shows an intriguing economic narrative with average taxable income rising from $47,736.21 in 2013 to $72,122.56 in 2021, indicating potential job market improvements despite higher state and local taxes. Median home values leaped from $128,800 in 2015 to $187,500 in 2022, indicating robust real estate growth outpacing state and national trends. Concurrently, property... Read more
Steuben County Market Trends
Steuben County, Indiana has experienced a notable rise in median home values, jumping from $128,800 in 2015 to $187,500 in 2022, outpacing both state and national growth rates. Over the past decade, real estate taxes have surged, with a marked increase between 2017 and 2018, likely from property reassessments or tax policy changes. Meanwhile, residential energy tax credits have seen sharp... Read more
Median Value of Occupied Housing Units in Steuben County, Indiana Over the Last 8 Years
Over the past eight years, Steuben County, Indiana has seen a significant increase in median home values, rising from $128,800 in 2015 to $187,500 in 2022. This growth rate surpasses both the state of Indiana and the national average. While the state saw an increase from $124,200 to $183,600, and the national values climbed from $125,500 to $179,400, Steuben County's market appears particularly robust. For those looking to invest, relocate, or build in Steuben County, this trend suggests a strong and growing housing market relative to broader benchmarks.
Residential Energy Tax Credit Per Tax Return in Steuben County, IN Over the Last 9 Years
Steuben County, Indiana has seen considerable fluctuations in residential energy tax credits per tax return over the past nine years. 2017 and 2018 marked significant peaks, with averages climbing to $893.75 and $2133.33 respectively. Such variability suggests periods of enhanced investment in energy-efficient home improvements, which may be valuable for prospective investors and homeowners focused on sustainability initiatives. Understanding these trends can be crucial for real estate professionals, insurers, and appraisers when assessing property values and market opportunities in the area.
Average Real Estate Taxes Per Tax Return in Steuben County, IN Over the Last 10 Years
Real estate taxes in Steuben County, Indiana have shown a steady increase over the past decade, rising from an average of $1,921.18 in 2012 to $3,686.11 in 2021. Notably, there was a significant jump between 2017 ($2,358.64) and 2018 ($3,141.98), suggesting a possible revaluation of property assessments or changes in tax policy. This trend could indicate higher property values or increased tax rates, which may impact investment strategies, property valuations, and the overall attractiveness of the area for new residents.
Percentage of Farm Returns in Steuben County, IN Over the Last 10 Years
Over the last decade, Steuben County, Indiana has seen a gradual decline in the percentage of farm returns, dropping from approximately 2.69% in 2012 to about 1.89% in 2021. Farm tax returns, which reflect income generated from agricultural activities, are a key indicator of the agricultural sector's health. These trends may suggest a shift away from farming or decreased profitability in the sector, which could impact property values and investment opportunities. Potential investors, developers, and residents should consider this trend as it may influence long-term economic stability and growth in the area.
Number of Mortgages by Occupancy Type in Steuben County, IN Over the Last 5 Years in Steuben County
Over the past five years in Steuben County, Indiana, the number of mortgages for principal residences has consistently outpaced those for investment and second properties, peaking in 2021. The slight fluctuations in principal residence mortgages might indicate shifting preferences or economic factors influencing home buying norms. Investment properties and second residences have shown less volatility but highlighting a steady, albeit smaller, market segment. These changes in occupancy types reveal potential opportunities and risks for various stakeholders: investors might see fluctuating rental demand, while appraisers and insurance agents might note varying property values and risk profiles. Real estate agents could find strategic insights into buyer priorities, shaping client advice and investment strategies effectively.
Economic Outlook
Steuben County, Indiana, has shown a steady increase in average taxable income per tax return from $47,736.21 in 2013 to $72,122.56 in 2021, hinting at economic growth and potentially better local job opportunities. However, this prosperity comes with higher state and local income taxes, which surged from $6,116.86 in 2012 to $13,534.72 in 2021, reflecting more local services but also a heightened fiscal burden. The average total tax liability per tax return has similarly climbed, peaking at... Read more
Average Taxable Income per Tax Return in Steuben County, IN over the last 9 years
Over the past nine years, Steuben County, Indiana, has experienced a consistent upward trend in average taxable income per tax return. Starting at approximately $47,736.21 in 2013, the figure steadily climbed to reach about $72,122.56 in 2021. This growth suggests a potential increase in economic vitality and could be a positive indicator for those looking to invest or move to the area. The notable rise particularly in the last few years might imply enhanced local employment opportunities and potentially higher disposable incomes among residents.
Average State and Local Income Taxes Per Tax Return in Steuben County, IN Over the Last 10 Years
Over the past decade, Steuben County, Indiana has seen a dramatic increase in average state and local income taxes per tax return, skyrocketing from around $6,116.86 in 2012 to $13,534.72 in 2021. This significant rise, especially marked between 2017 and 2018, reflects economic changes and has important implications for prospective investors and residents. Such a steep upward trend in taxes indicates both expanding local services and a growing fiscal burden, factors critical to consider for anyone planning to move to, invest in, or build property in Steuben County.
Average Total Tax Liability Per Tax Return in Steuben County, IN Over the Last 10 Years
Over the last decade, Steuben County, Indiana has seen varying but generally rising trends in average total tax liability per tax return, peaking at $11,668.83 in 2021. If you're considering investment or relocation here, this trend may reflect an evolving economic landscape potentially due to growth or increased wealth in the area. Keep an eye on these numbers as they could impact future property values and living costs.
Cost of Living in Steuben County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,120 | $1,323 | $1,914 | $1,261 | $1,107 |
| 1 adult 4 children | $1,120 | $1,080 | $1,464 | $1,261 | $1,187 |
| 2 adults 3 children | $1,120 | $1,081 | $1,660 | $1,261 | $911 |
| 1 adult 3 children | $1,120 | $882 | $1,210 | $1,261 | $965 |
| 2 adults 2 children | $920 | $885 | $1,407 | $1,102 | $827 |
| 1 adult 2 children | $920 | $661 | $957 | $1,102 | $748 |
| 2 adults 1 child | $920 | $699 | $1,154 | $587 | $763 |
| 1 adult 1 child | $920 | $452 | $703 | $587 | $637 |
| 2 adults | $708 | $562 | $900 | $0 | $634 |
| 1 adult | $661 | $306 | $450 | $0 | $531 |
Safety trends & Data
Property crime in Steuben County, Indiana has experienced notable fluctuations over the last five years, with larceny-theft consistently peaking, while burglary incidents dropped significantly from 15.0 in 2018 to just 1.0 in 2020, then slightly rose to 8.0 in 2022. These crime trends could impact residential and commercial property investments, as well as insurance premiums and real estate market dynamics in the... Read more
Property Crime Trends in Steuben County, IN Over the Last 5 Years
Property crime in Steuben County, Indiana has shown fluctuating trends over the last five years with notable decreases in some areas. Larceny-theft consistently remains the most frequent crime, peaking at 47.0 reported incidents in 2019, and despite some fluctuations, still significant at 28.0 incidents in 2022. Burglary incidents significantly dropped from 15.0 in 2018 to just 1.0 in 2020 but saw a slight uptick to 8.0 incidents in 2022. Motor vehicle thefts appear relatively stable, maintaining single-digit figures, while incidents of vandalism and forgery/counterfeiting are minimal but present. These crime trends may influence residential and commercial property investments, insurance premiums, and real estate market dynamics in the region.
Demographics
Steuben County, Indiana, reflects some interesting demographic trends. The adult male population slightly outnumbers the female population, suggesting a balanced gender distribution. Educational attainment is diverse but skews towards high school graduates and those with some college yet no degree; advanced degrees make up a smaller portion. The age distribution indicates a significant number of residents aged between 25 and 64 years, which may impact workforce dynamics. The racial composition... Read more
Race Distribution in Steuben County, Indiana (2022)
Educational Attainment in Steuben County, Indiana (2022)
Age Distribution in Steuben County, Indiana
Citizen Population in Steuben County, Indiana (2022)
Political Trends & Data
In Steuben County, Indiana, the 2020 U.S. Presidential Election data reveals a strong Republican presence, with the GOP capturing about 70% of the vote. Democrats followed with roughly 28%, while Libertarians managed just under 2%. The negligible support for third parties indicates a predominantly conservative voter base, which might influence local policies and market dynamics. This political landscape could potentially impact property taxes, zoning laws, and other regulations that matter to... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Steuben County, Indiana, the voting patterns from the 2020 U.S. Presidential Election show a strong inclination towards the Republican party, capturing approximately 70% of the vote. Democrats garnered roughly 28%, while Libertarians secured a small fraction at just under 2%. The presence of Green party and other minor parties was negligible. This distribution could suggest a predominantly conservative voter base, with very limited support for third parties.
70.08% of voters voted for the Republican party in the 2020 Presidential Election
27.92% of voters voted for the Democrat party in the 2020 Presidential Election
1.93% of voters voted for the Livertarian party in the 2020 Presidential Election
0.04% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Steuben County, Indiana, the student-to-teacher ratio has significantly declined from 19 students per teacher in 2014 to about 15 in 2023. This trend towards smaller class sizes could appeal to families seeking more individualized attention in education. The county's ratio now aligns closely with the national average of 14, potentially making the area more attractive for new residents. Investors and developers might view these educational improvements as signs of strengthening community... Read more
Student-to-teacher ratio in Steuben County, Indiana over the last 10 years
In Steuben County, Indiana, the student-to-teacher ratio has notably declined over the past decade, moving from a high of 19 students per teacher in 2014 to approximately 15 in 2023. This decrease suggests a trend towards smaller class sizes, which could be appealing for families prioritizing individualized attention in education. The county's current ratio is now more competitive with the national average of 14 students per teacher, potentially enhancing the area's attractiveness for newcomers. For investors, real estate agents, or developers, such educational metrics may indicate a strengthening community infrastructure that can contribute to higher property values and increased demand for housing. Meanwhile, insurance agents and appraisers might consider these shifts as indicative of evolving demographics and community priorities, essential for risk assessment and property valuations.
