Tippecanoe County Real Estate and Livability Trends
Tippecanoe County, Indiana has seen median home values surge from $135,200 in 2015 to $199,300 in 2022, outpacing wider state and national trends. Average taxable income per tax return rose from $53,789.56 in 2013 to approximately $72,452.47 by 2021, despite high poverty rates persistently around 22%-23%. Real estate taxes per tax return nearly doubled, implying increased property values or... Read more
Tippecanoe County Market Trends
Tippecanoe County, Indiana, has experienced a dramatic rise in median home values, from $135,200 in 2015 to $199,300 in 2022, outpacing both state and national averages. The residential energy tax credits saw erratic peaks, notably spiking to $2,730.00 in 2018, signaling varied investment in energy-efficient home improvements likely driven by incentives. Real estate taxes per tax return surged... Read more
Median Value of Occupied Housing Units in Tippecanoe County, Indiana Over the Last 8 Years
Tippecanoe County, Indiana, has seen a significant rise in median home values over the past eight years, going from $135,200 in 2015 to $199,300 in 2022. This increase outpaces both the state average, which rose from $124,200 to $183,600, and the national average, which went from $125,500 to $179,400 in the same period. This trend could suggest a growing demand and possibly a stronger economic performance in the county compared to broader regions, making it an intriguing area for potential investors, new residents, or property developers.
Residential Energy Tax Credit Per Tax Return in Tippecanoe County, IN Over the Last 9 Years
In Tippecanoe County, Indiana, the trend in residential energy tax credits shows significant fluctuations over the past nine years. From a steady increase between 2013 and 2017, peaking at $579.73, there was an unprecedented spike in 2018, reaching $2730.00 before normalizing again. These variations suggest varying rates of investment in energy-efficient home improvements, potentially driven by sporadic incentives or economic factors. This is crucial for potential investors, homebuyers, insurance agents, and real estate professionals, indicating a dynamic energy efficiency market which may affect property values and tax assessments.
Average Real Estate Taxes Per Tax Return in Tippecanoe County, IN Over the Last 10 Years
Real estate taxes per tax return in Tippecanoe County, Indiana, have shown a consistent upward trend from $1,906.70 in 2012 to $3,585.90 in 2021. This substantial increase, especially noticeable post-2016 where values jumped from $2,082.94 to $3,585.90, suggests that property values and/or tax rates may have risen significantly. Investors, appraisers, and real estate agents might find this data essential as it could impact property valuations and affordability. For potential movers and current residents, the rising tax amounts may influence decisions related to property purchases or long-term residency plans.
Percentage of Farm Returns in Tippecanoe County, IN Over the Last 10 Years
The percentage of farm tax returns in Tippecanoe County, Indiana has been on a slight decline over the past decade, starting at approximately 0.97% in 2012 and dropping to around 0.77% by 2021. Farm tax returns typically indicate the number of agricultural operations filing taxes, reflecting the level of farming activity within the area. This gradual decrease might suggest a shift in the local economy, possibly indicating fewer active farms or a move towards other types of land use. For investors, builders, and residents, this trend could have implications for understanding land value, development potential, and economic diversification in the county.
Number of Mortgages by Occupancy Type in Tippecanoe County, IN Over the Last 5 Years in Tippecanoe County
Principal residences consistently dominated the mortgage market in Tippecanoe County, Indiana, with numbers reaching over 11,000 in both 2020 and 2021 before dropping to about 6,938 in 2022. Investment properties and second residences, while considerably fewer, maintained relatively steady figures. For investors or real estate agents, the minor fluctuations in investment property mortgages (ranging from 589 to 815 over the years) might indicate stable demand, whereas the sizable decrease in principal residence mortgages in 2022 could suggest a cooling market or shifting preferences. Appraisers and insurance agents may find these trends critical for assessing property values and risks, while those planning to move or build homes should be aware of the declining primary residence market as it might influence future real estate dynamics.
Economic Outlook
Tippecanoe County, Indiana has seen a notable rise in average taxable income per tax return, surging from about $53,789.56 in 2013 to roughly $72,452.47 by 2021, particularly picking up from 2017. Concurrently, average state and local income taxes per tax return have jumped dramatically, from $5,631.14 in 2012 to $13,163.74 in 2021, suggesting robust economic growth but also higher living costs. Although the average total tax liability has climbed to $11,701.75 in 2021, potential investors... Read more
Average Taxable Income per Tax Return in Tippecanoe County, IN over the last 9 years
Tippecanoe County, Indiana has seen appreciable growth in average taxable income per tax return over the past nine years, increasing from approximately $53,789.56 in 2013 to around $72,452.47 in 2021. This upward trend in income, especially the significant boost starting in 2017, suggests a robust economic environment that could be appealing to potential investors and new residents. The occasional dip, like the one noted in 2019 and 2020, might indicate some economic fluctuations, but the overall trajectory remains positive, which is encouraging for long-term financial planning and property development in the area.
Average State and Local Income Taxes Per Tax Return in Tippecanoe County, IN Over the Last 10 Years
Over the last decade, Tippecanoe County, Indiana has seen a significant upward trend in average state and local income taxes per tax return. Starting at $5,631.14 in 2012 and rising sharply to $13,163.74 by 2021, the increase suggests a growing local economy and possibly higher income levels. This data is critical for investors and potential residents, indicating a region experiencing financial growth, which might also hint at enhanced public services and infrastructure developments. The noticeable jumps in 2017 and 2018 are particularly striking, marking rapid change and potential opportunities.
Average Total Tax Liability Per Tax Return in Tippecanoe County, IN Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Tippecanoe County, Indiana has demonstrated a general upward trend, peaking at $11,701.75 in 2021 after some fluctuations. This increase may suggest rising incomes or tax rate adjustments, potentially impacting household financial planning and overall cost of living in the area. Investors and current residents might see this as reflective of economic growth but should also consider the potential for higher tax burdens in their financial decisions.
Cost of Living in Tippecanoe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,330 | $1,387 | $1,753 | $1,788 | $1,268 |
| 1 adult 4 children | $1,330 | $1,133 | $1,348 | $1,788 | $1,385 |
| 2 adults 3 children | $1,330 | $1,133 | $1,518 | $1,788 | $1,069 |
| 1 adult 3 children | $1,330 | $925 | $1,112 | $1,788 | $1,164 |
| 2 adults 2 children | $1,077 | $928 | $1,282 | $1,573 | $920 |
| 1 adult 2 children | $1,077 | $693 | $877 | $1,573 | $908 |
| 2 adults 1 child | $1,077 | $733 | $1,046 | $876 | $833 |
| 1 adult 1 child | $1,077 | $474 | $641 | $876 | $701 |
| 2 adults | $922 | $589 | $811 | $0 | $646 |
| 1 adult | $798 | $321 | $405 | $0 | $530 |
Safety trends & Data
Tippecanoe County, Indiana has experienced significant changes in property crimes over the past five years, with larceny-theft peaking at 708 cases in 2018 but dropping to 307 by 2022. Fraud and vandalism have seen notable decreases, which could be attributed to improved community vigilance or law enforcement efforts. However, motor vehicle thefts hit a six-year high of 35 cases in 2022. These crime trends might impact home insurance rates and real estate market valuations, making this data... Read more
Property Crime Trends in Tippecanoe County, IN Over the Last 5 Years
Tippecanoe County, Indiana has seen noteworthy fluctuations in property crimes over the last five years, with larceny-theft consistently being the most reported crime. In 2018, larceny-theft peaked with 708 cases, significantly higher than subsequent years, with 2022 seeing a more modest 307. Fraud and vandalism also saw notable decreases, suggesting potential improvements in community vigilance or law enforcement efforts. Conversely, motor vehicle thefts have seen a slight uptick, hitting a six-year high of 35 incidents in 2022. These trends may influence home insurance rates and real estate market valuations, offering potential benefits for appraisers, insurance agents, and investors considering this locale.
Demographics
Tippecanoe County, Indiana, shows a slight male majority in its adult population. The region appears to have a strong educational background, with a notable percentage holding bachelor's and graduate or professional degrees. The age distribution suggests a youthful demographic, potentially influenced by nearby educational institutions, with a significant number of residents falling in the 20 to 24 years category. Racially, the county is primarily White, with smaller but appreciable Asian and... Read more
Race Distribution in Tippecanoe County, Indiana (2022)
Educational Attainment in Tippecanoe County, Indiana (2022)
Age Distribution in Tippecanoe County, Indiana
Citizen Population in Tippecanoe County, Indiana (2022)
Political Trends & Data
Tippecanoe County, Indiana, showcased a nearly even split in the 2020 Presidential election between the Democrat (49%) and Republican (48%) candidates, underscoring a competitive political landscape. With the Libertarian candidate securing 2.5%, there's modest voter interest in third-party alternatives. This voting pattern may mirror broader state or national trends but also indicates dynamic local political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tippecanoe County, Indiana, the 2020 Presidential election saw a nearly even split between the Democrat (49%) and Republican (48%) candidates, suggesting a competitive political landscape. The Libertarian candidate garnered a modest 2.5%, which, while small, could indicate some voter appetite for third-party options. Minor parties like the Green and "Other" received negligible support. This distribution might reflect broader state or national trends but also hints at the dynamic political engagement within the county.
48.40% of voters voted for the Republican party in the 2020 Presidential Election
49.01% of voters voted for the Democrat party in the 2020 Presidential Election
2.56% of voters voted for the Livertarian party in the 2020 Presidential Election
0.01% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Tippecanoe County, Indiana has seen its student-to-teacher ratio drop from nearly 19 in 2014 to around 15 in 2023, approaching the national average of 14 students per teacher. This shift could hint at improved educational quality, making the area more attractive for families prioritizing education. Such trends might positively influence property values, increase demand for school-related services, and potentially affect insurance rates due to the perceived lower risk... Read more
Student-to-teacher ratio in Tippecanoe County, Indiana over the last 10 years
Tippecanoe County, Indiana has experienced a notable shift in its student-to-teacher ratio over the past decade, starting at a high of nearly 19 in 2014 and gradually declining to around 15 by 2023. This trend, especially the recent drop closer to the national average of 14 students per teacher, could suggest that the local education system might be improving in terms of providing more personalized and effective instruction. For potential investors, homebuyers, and real estate agents, such trends might indicate a desirable area for families prioritizing education. Lower ratios can also affect property values positively, increase demand for school-related services, and possibly influence insurance rates due to perceived lower risk environments.
