Sullivan County Real Estate and Livability Trends
Sullivan County, Indiana's real estate landscape has seen notable shifts, with median home values jumping from $78,200 in 2015 to $115,200 in 2022, a growth trajectory that seems to outpace broader trends. Residential energy tax credits peaking at $791.67 per tax return in 2021 suggest efforts toward energy efficiency, which could be a selling point for eco-conscious buyers. Meanwhile, real... Read more
Sullivan County Market Trends
Sullivan County, Indiana's median home values have substantially increased from $78,200 in 2015 to $115,200 in 2022, outpacing some state and national growth trends. Residential energy tax credits in the county peaked at $791.67 per tax return in 2021, reflecting potential energy-efficiency improvements that might interest homebuyers and developers. Real estate taxes rose significantly, from... Read more
Median Value of Occupied Housing Units in Sullivan County, Indiana Over the Last 8 Years
Sullivan County, Indiana, has seen a substantial uptick in median home values over the last eight years, particularly with a jump from $78,200 in 2015 to $115,200 in 2022. This represents a noteworthy growth, especially when contrasted with the broader trends in Indiana and the United States, where median values surged to $183,600 and $179,400 respectively by 2022. For prospective investors, new residents, and current property owners, Sullivan County's housing market could be viewed as offering significant value opportunities, with the potential for both further growth and a more accessible price point compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Sullivan County, IN Over the Last 8 Years
Residential energy tax credits in Sullivan County, Indiana have shown variability over the past eight years, peaking at $791.67 per tax return in 2021. This fluctuating trend suggests changing incentives or adoption rates for energy-efficient improvements among homeowners. These dynamics are essential for potential investors, homebuyers, and real estate professionals to consider when evaluating property values and energy costs. For insurance agents and appraisers, the variability might impact risk assessments and property valuations. Understanding these trends can also guide builders and developers in making energy-efficient upgrades to attract eco-conscious buyers.
Average Real Estate Taxes Per Tax Return in Sullivan County, IN Over the Last 10 Years
Real estate tax trends in Sullivan County, Indiana over the past decade reveal noteworthy fluctuations that potential investors and residents might find significant. From $1105.41 in 2012, taxes steadily climbed to $1305.15 by 2017, peaking at $1900.00 in 2019 before settling at $2060.00 in 2021. These shifts may suggest growing property values or changes in local tax policies. The notable jump between 2017 and 2019 implies a potential reassessment or development surge, impacting long-term cost expectations for property owners and influencing insurance and appraisal considerations.
Percentage of Farm Returns in Sullivan County, IN Over the Last 10 Years
Over the last decade, Sullivan County, Indiana has shown a subtle decline in the percentage of farm tax returns filed, dropping from around 4.41% in 2012 to approximately 3.57% in 2021. Farm tax returns are essential indicators for the vitality of the agricultural sector in any region, reflecting the number of operational farms and their economic activities. Such a decline might suggest reduced farming activity or consolidation of smaller farms into larger operations, which can affect local economies and investment opportunities in agricultural real estate. For potential investors, builders, and residents, these trends could imply shifts in land use, potential growth in non-agricultural developments, and varying demands for community services.
Number of Mortgages by Occupancy Type in Sullivan County, IN Over the Last 5 Years in Sullivan County
Sullivan County, Indiana has seen a consistent trend where the majority of mortgages are for principal residences, with minor fluctuations across the five-year period. Mortgages for investment properties and second residences remain relatively stable but significantly lower in comparison. Changes in occupancy type might matter because they signal shifts in economic dynamics and community makeup, affecting property values and future development prospects. For investors, these trends could indicate a stable rental market but limited growth in second homes. Real estate agents and appraisers might find the dominance of principal residences indicative of a stable, owner-occupied housing market, while insurance agents can gauge risk profiles based on these occupancy types.
Economic Outlook
Sullivan County, Indiana has seen average taxable income per tax return climb from approximately $44,713.49 in 2013 to around $55,958.11 in 2021, hinting at an improving economic climate. Average state and local income taxes per tax return have also increased steadily, peaking at $6,994.74 in 2021, indicating rising fiscal responsibilities for residents. Total tax liabilities per tax return have fluctuated, with notable spikes suggesting economic variability, which could impact financial... Read more
Average Taxable Income per Tax Return in Sullivan County, IN over the last 9 years
Sullivan County, Indiana has seen a general upward trend in average taxable income per tax return over the last nine years. Starting from approximately $44,713.49 in 2013, it has climbed to around $55,958.11 in 2021. This rise suggests a potentially improving economic climate, which could be an attractive element for investors, prospective residents, and developers. However, the slight dips observed in 2016 and 2017 imply some economic variability, underscoring the importance of thorough market analysis for decision-making.
Average State and Local Income Taxes Per Tax Return in Sullivan County, IN Over the Last 10 Years
Over the past decade in Sullivan County, Indiana, average state and local income taxes per tax return have shown a steady increase. Starting at $4,026.72 in 2012, the figure saw fluctuations but reached a peak of $6,994.74 in 2021. Notable jumps occurred in 2018 and 2020, suggesting economic shifts or policy changes that significantly impacted residents' tax liabilities. This upward trend is crucial for potential investors and residents as it reflects rising fiscal responsibilities in the area. Understanding this trajectory can aid in financial planning and long-term investments.
Average Total Tax Liability Per Tax Return in Sullivan County, IN Over the Last 10 Years
Over the past decade, Sullivan County, Indiana has seen some fluctuations in average total tax liability per tax return. Ranging from a low of $6,008.68 in 2016 to a high of $7,285.26 in 2015, the trends suggest some economic variability. The figures generally indicate that tax liabilities have hovered around the low to mid $6,000s, with a couple of notable spikes. This data could reflect changes in income levels, tax policy adjustments, or economic activity in the area, making it crucial for potential investors, residents, and developers to consider these factors when evaluating financial and living conditions in the county.
Cost of Living in Sullivan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,011 | $1,239 | $1,937 | $1,553 | $1,125 |
| 1 adult 4 children | $1,011 | $1,012 | $1,490 | $1,553 | $1,219 |
| 2 adults 3 children | $1,011 | $1,012 | $1,676 | $1,553 | $933 |
| 1 adult 3 children | $1,011 | $826 | $1,229 | $1,553 | $998 |
| 2 adults 2 children | $831 | $828 | $1,416 | $1,367 | $845 |
| 1 adult 2 children | $831 | $619 | $969 | $1,367 | $779 |
| 2 adults 1 child | $831 | $655 | $1,155 | $761 | $761 |
| 1 adult 1 child | $831 | $423 | $708 | $761 | $640 |
| 2 adults | $631 | $526 | $894 | $0 | $595 |
| 1 adult | $556 | $287 | $447 | $0 | $487 |
Safety trends & Data
Sullivan County, Indiana has experienced notable changes in property crime trends recently. In 2021, incidents were low, but 2022 saw an uptick, especially in embezzlement, which recorded six cases. There were also marginal increases in burglary, larceny-theft, and motor vehicle theft. This rise might raise concerns for potential investors or new residents due to the perceived increased... Read more
Property Crime Trends in Sullivan County, IN Over the Last 2 Years
Sullivan County, Indiana has witnessed a discernible shift in property crime trends over the past two years. In 2021, property crimes were minimal with only a couple of larceny and motor vehicle theft incidents. However, 2022 saw a marked increase, particularly in embezzlement cases, which surged to six incidents. There was also a rise in other property crimes such as burglary, larceny-theft, and motor vehicle theft, all reporting two incidents each. This uptick in property crime may concern those considering investment or relocation, as it potentially signals escalated risks.
Demographics
Sullivan County, Indiana shows a slightly higher adult male population compared to females. In terms of education, a significant portion of residents are high school graduates, while those holding bachelor's and graduate degrees remain relatively low. The age distribution highlights a fairly balanced spread across different age groups, though younger children under 10 form a notable segment. The racial makeup is predominantly White, with other racial groups, such as Black or African American... Read more
Race Distribution in Sullivan County, Indiana (2022)
Educational Attainment in Sullivan County, Indiana (2022)
Age Distribution in Sullivan County, Indiana
Citizen Population in Sullivan County, Indiana (2022)
Political Trends & Data
Sullivan County, Indiana, saw a significant Republican stronghold in the 2020 U.S. Presidential Election, capturing around 74% of the vote. Democrats trailed with about 24%, while Libertarians received close to 2%. This predominantly two-party preference, with a strong conservative tilt, could shape local policy discussions and political strategies moving... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sullivan County, Indiana, the 2020 U.S. Presidential Election results showed a strong leaning towards the Republican party, which garnered roughly 74% of the vote. Democrats received about 24%, while Libertarians captured nearly 2%. The minimal support for other parties suggests a predominantly two-party preference among voters, with a heavy tilt towards conservative values. This trend could potentially influence future policy discussions and political strategies in the county.
74.39% of voters voted for the Republican party in the 2020 Presidential Election
23.94% 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
School Data
Sullivan County, Indiana, has seen fluctuations in its student-to-teacher ratios over the past decade, dropping from 17 in 2014 to 14 in 2023. This trend hints at improved individualized attention, potentially enhancing educational outcomes. However, the rise to nearly 17 in 2022 indicates some instability that could concern investors, educators, and policymakers. With the current ratio aligning closely with the national average, changes in student-to-teacher ratios are key factors influencing... Read more
Student-to-teacher ratio in Sullivan County, Indiana over the last 10 years
Sullivan County, Indiana has experienced fluctuations in student-to-teacher ratios over the past decade, showing a decrease from a high of 17 students per teacher in 2014 to a low of 14 in 2023. This trend reflects an overall improvement in individualized attention for students, potentially enhancing educational outcomes. However, variability from year to year, particularly the spike to nearly 17 in 2022, indicates some instability that stakeholders like investors, educators, and policymakers may want to address. Compared to the national average of 14 students per teacher, Sullivan County's current ratio aligns closely, suggesting it provides a relatively favorable student-to-teacher engagement. These changes in the ratio are crucial as they can influence property values, educational quality, and community appeal, important factors for those considering investing, moving, or working in the area.
