Switzerland County Real Estate and Livability Trends
Switzerland County, Indiana, has seen home values rise sharply from $119,100 in 2015 to $162,000 in 2022, hinting at a dynamic real estate market compared to broader state trends. Real estate taxes also more than doubled over the past decade, aligning with these increased property values. Notably, investment property mortgages have dipped while principal residence mortgages have grown, indicating... Read more
Switzerland County Market Trends
Switzerland County, Indiana, has seen significant changes in its real estate market. Median home values rose from $119,100 in 2015 to $162,000 in 2022, showing more volatility than the broader Indiana market. Residential energy tax credits have also fluctuated, peaking at $1,375.00 in 2021, which could indicate growing local interest in energy efficiency. Meanwhile, real estate taxes jumped from... Read more
Median Value of Occupied Housing Units in Switzerland County, Indiana Over the Last 8 Years
Switzerland County, Indiana has seen a marked rise in median home values from $119,100 in 2015 to $162,000 in 2022, despite some fluctuations. Interesting to note, this local trend is somewhat reflective of broader trends, as Indiana’s median home values rose from $124,200 to $183,600 in the same period. However, while Indiana broadly and nationally saw consistent year-on-year growth, Switzerland County showed more volatility, which might suggest unique local market dynamics. This could be critical for those weighing investment opportunities or considering relocation to Switzerland County versus other areas in Indiana or the U.S.
Residential Energy Tax Credit Per Tax Return in Switzerland County, IN Over the Last 8 Years
Over the past eight years, residential energy tax credits per tax return in Switzerland County, Indiana, have shown significant fluctuation, with a notable surge in 2017 reaching $1150.00, and a peak in 2021 at $1375.00. These variations might reflect shifts in energy policies, household adoption of energy-efficient improvements, or broader economic factors. For investors and real estate agents, these insights could signal an increased local interest in energy efficiency, potentially impacting property values and investment opportunities. Developers and builders might find this trend encouraging for incorporating sustainable designs, while insurance agents may consider this data in policy evaluations for energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Switzerland County, IN Over the Last 10 Years
Switzerland County, Indiana has seen a noticeable upward trend in average real estate taxes per tax return over the last decade. Beginning at $1,059.09 in 2012, there has been a steady increase, peaking at $2,183.33 in 2021. This rise possibly reflects growing property values and may signal a robust local economy. Such trends could impact investment decisions, property appraisals, and insurance premiums, making the market both an opportunity and a consideration for potential homeowners and real estate agents in the area.
Percentage of Farm Returns in Switzerland County, IN Over the Last 10 Years
Switzerland County, Indiana has experienced a gradual decrease in farm tax returns over the past decade, dropping from approximately 9.95% in 2012 to around 8.05% in 2021. Farm tax returns reflect the portion of income derived from agricultural activities that is reported for taxation. The slight uptick in the most recent years may suggest a potential stabilization or modest recovery. Investors, potential property builders, or those considering a move should take note of these trends, as they can signal broader economic shifts, land use changes, or evolving agricultural productivity within the county.
Number of Mortgages by Occupancy Type in Switzerland County, IN Over the Last 5 Years in Switzerland County
The data from Switzerland County, Indiana, reveals a stable to slightly increasing number of principal residence mortgages over the past five years, peaking in 2021. Investment property mortgages have generally trended downward, while second residence mortgages have remained minimal but consistent. These shifts in occupancy type could indicate evolving market conditions and preferences, potentially affecting property values and investment opportunities. Real estate professionals, appraisers, and insurance agents might find these patterns noteworthy for decision-making and advising clients about the area's property market dynamics.
Economic Outlook
Switzerland County, Indiana has seen a significant rise in average taxable income per tax return over the past nine years, climbing from $39,841.34 in 2013 to $54,096.06 in 2021. Local and state income taxes have also increased, more than doubling from $3,758.21 in 2012 to $7,825.00 by 2021. Additionally, the average total tax liability per tax return has grown from $4,630.43 in 2012 to $7,536.17 in 2021. These trends might pique interest among potential investors and new residents eyeing... Read more
Average Taxable Income per Tax Return in Switzerland County, IN over the last 9 years
Switzerland County, Indiana has seen a noticeable rise in average taxable income per tax return over the past nine years. Figures have increased from around $39,841.34 in 2013 to about $54,096.06 in 2021, with some fluctuations in between. The sharpest jumps occurred between 2017 and 2018, and again more significantly in 2020 to 2021. These trends might attract investors and new residents looking for signs of economic growth and stability in the area. Understanding this growth can be crucial for long-term planning, whether you're looking to invest, relocate, or build property in Switzerland County.
Average State and Local Income Taxes Per Tax Return in Switzerland County, IN Over the Last 10 Years
Investors and potential homeowners eyeing Switzerland County, Indiana, will find the local income tax trends noteworthy. Over the past decade, state and local income taxes per tax return have seen an overall increase. From $3,758.21 in 2012, they surged to $7,825.00 by 2021, with notable spikes in 2018 and 2019. This steady rise in tax obligations could indicate a growing economic base or increased municipal spending, both critical metrics for assessing long-term investments and property development in the area.
Average Total Tax Liability Per Tax Return in Switzerland County, IN Over the Last 10 Years
Over the last decade, Switzerland County, Indiana has seen a notable increase in average total tax liability per tax return, moving from around $4,630.43 in 2012 to $7,536.17 in 2021. This upward trend, especially pronounced in the last few years, could suggest rising incomes or higher tax rates, potentially impacting affordability for new residents and investors. This environment may imply opportunities for those looking to capitalize on upscale housing developments or services tailored to higher-income residents.
Cost of Living in Switzerland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,303 | $1,834 | $1,264 | $1,104 |
| 1 adult 4 children | $1,174 | $1,064 | $1,402 | $1,264 | $1,192 |
| 2 adults 3 children | $1,174 | $1,064 | $1,591 | $1,264 | $913 |
| 1 adult 3 children | $1,174 | $869 | $1,159 | $1,264 | $973 |
| 2 adults 2 children | $826 | $871 | $1,349 | $1,105 | $781 |
| 1 adult 2 children | $826 | $651 | $917 | $1,105 | $693 |
| 2 adults 1 child | $826 | $689 | $1,106 | $588 | $720 |
| 1 adult 1 child | $826 | $445 | $674 | $588 | $598 |
| 2 adults | $628 | $553 | $864 | $0 | $598 |
| 1 adult | $576 | $302 | $432 | $0 | $495 |
Demographics
Switzerland County, Indiana exhibits a nearly equal gender distribution with slightly more males than females. A significant proportion of the population has a high school education, and a considerable number have pursued some college education, though few hold advanced degrees. The age distribution reveals a relatively balanced mix across different age groups, with notable peaks in the 35-44 and 55-64 age brackets. The racial makeup is predominantly White, with minimal representation from... Read more
Race Distribution in Switzerland County, Indiana (2022)
Educational Attainment in Switzerland County, Indiana (2022)
Age Distribution in Switzerland County, Indiana
Citizen Population in Switzerland County, Indiana (2022)
Political Trends & Data
Switzerland County in Indiana showed a strong Republican preference in the 2020 U.S. Presidential Election, with nearly 75% of votes going to the GOP. Democrats only captured around 23% of the vote, indicating a significantly smaller share. Libertarians received about 1%, while other parties had a negligible presence. This trending conservative voter base might suggest the region leans towards policies that typically align with Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Switzerland County in Indiana exhibited a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with nearly 75% of the votes. Democrats received approximately 23%, a significantly lower share, while Libertarians garnered a minimal amount, around 1%. The presence of other parties was negligible. This likely indicates a predominantly conservative voter base in this region.
75.42% of voters voted for the Republican party in the 2020 Presidential Election
23.21% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Livertarian party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Switzerland County, Indiana’s student-to-teacher ratio has fluctuated over the past decade, peaking at nearly 17 in 2016 and 2023 and dipping to about 14 in 2018 and 2021. These variations provide valuable insights for investors and real estate agents, as local education trends can influence family decisions to move to the area. The higher ratios, compared to the national average of approximately 14 students per teacher, may suggest differing resource allocation and could impact the perceived... Read more
Student-to-teacher ratio in Switzerland County, Indiana over the last 10 years
Switzerland County, Indiana's student-to-teacher ratio has fluctuated over the past decade, peaking at nearly 17 in 2016 and 2023, while dipping to about 14 in 2018 and 2021. These variations offer investors and real estate agents insight into local education trends, potentially influencing family decisions to move to the area. For those building property or appraising real estate, understanding these dynamics can inform market predictions and valuations. With the national average at approximately 14 students per teacher, the higher ratios in Switzerland County may suggest differing resource allocation or could impact the perceived quality of education. Such data is crucial for insurance agents assessing risk and coverage needs, given the potential implications for community growth and property value stability.
