Tipton County Real Estate and Livability Trends
In Tipton County, Indiana, median home values have jumped from $111,500 in 2015 to $150,700 in 2022, signaling strong investment potential despite still trailing behind state and national medians. Real estate tax variations between $1,900 and $2,133.33 from 2018 to 2021 reflect rising property values or changing tax policies, essential for long-term planning. A decrease in farm tax returns... Read more
Tipton County Market Trends
Tipton County, Indiana's median home values have surged from $111,500 in 2015 to $150,700 in 2022. Although still below Indiana's median of $183,600 and the national median of $179,400, this rapid appreciation hints at strong investment potential, especially for those seeking more affordable entry points. Inconsistencies in average residential energy tax credits, including a notable spike to... Read more
Median Value of Occupied Housing Units in Tipton County, Indiana Over the Last 8 Years
Tipton County's median home values have shown a marked upward trend over the past eight years, rising from $111,500 in 2015 to $150,700 in 2022, reflecting a substantial increase. While Tipton County's 2022 median home value remains lower than both Indiana's at $183,600 and the national median of $179,400, the accelerated growth rate in recent years suggests potential for significant property appreciation. This positions Tipton County as an appealing investment locale, particularly for those seeking more affordable entry points in Indiana’s housing market compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Tipton County, IN Over the Last 9 Years
Over the last nine years, Tipton County, Indiana has seen notable fluctuations in its average residential energy tax credits per tax return. Particularly, the spike to $3,400.00 in 2018 stands out significantly compared to other years where values hovered between roughly $400.00 to $900.00. This inconsistency suggests varying levels of investment in energy-efficient improvements, which may impact appraisers, real estate agents, and insurers assessing property values and risks. Investors and builders might infer potential for variability in energy efficiency incentives, affecting future property renovations and market desirability.
Average Real Estate Taxes Per Tax Return in Tipton County, IN Over the Last 10 Years
Average real estate taxes in Tipton County, Indiana have displayed a fluctuating pattern over the past decade. The trend observed especially between 2018 and 2021, where taxes ranged from $1900.00 to $2133.33, could suggest rising property value or changing tax policies, potentially impacting property investment and homeownership. For prospective property buyers, real estate agents, or appraisers, these figures may point to a dynamic tax environment that requires careful consideration for long-term planning. Understanding these tax trends can be crucial for financial forecasting and property valuation.
Percentage of Farm Returns in Tipton County, IN Over the Last 10 Years
Farm tax returns in Tipton County, Indiana have seen some fluctuations over the last decade, with a general downward trend from 4.63% in 2012 to 4.02% in 2021. This drop, albeit slight, may suggest shifts in local agricultural economic conditions or farming demographics. For investors or potential residents, these percentages could indicate variability in agricultural activity, which might influence property values and economic planning in the area.
Number of Mortgages by Occupancy Type in Tipton County, IN Over the Last 5 Years in Tipton County
In Tipton County, Indiana, there's a noticeable trend of increased mortgage counts for principal residences over the last five years, peaking in 2021 with 1160 mortgages. Investment property mortgages have seen modest growth, with a peak in 2022 at 39. Second residence mortgages have remained extremely low and stable. A shift in occupancy type affects investor interest, home values, and insurance risk profiles. For example, a rise in principal residence mortgages might indicate a growing local population or increased demand for stable housing, impacting market dynamics and pricing. Conversely, more investment property mortgages could imply profitable rental opportunities or speculative buying, affecting the rental market and potentially leading to more volatile property values. This data is crucial for investors, real estate agents, and insurance agents to tailor their strategies and services effectively.
Economic Outlook
Tipton County, Indiana has experienced a general rise in average taxable income per tax return, growing from $53,666.67 in 2013 to $64,179.19 in 2021, with significant growth between 2020 and 2021. Concurrently, state and local income taxes per return also increased, peaking at $8,282.14 in 2021, indicative of a strengthening economic climate. Fluctuations in the average total tax liability, notably dipping in 2016 and 2018 but rising to $8,760.92 in 2021, underscore the dynamic financial... Read more
Average Taxable Income per Tax Return in Tipton County, IN over the last 9 years
Tipton County, Indiana has seen a general uptick in the average taxable income per tax return over the last nine years, with figures climbing from $53,666.67 in 2013 to $64,179.19 in 2021. The most notable increase occurred between 2020 and 2021, suggesting potential economic factors or policy changes that positively impacted residents' earnings. This trend may indicate a growing economic stability and opportunity in the area, making it a potentially attractive spot for investment, new residents, and property development.
Average State and Local Income Taxes Per Tax Return in Tipton County, IN Over the Last 10 Years
Tax trends in Tipton County, Indiana, reveal notable fluctuations in state and local income taxes per return, with a general upward trajectory over the last decade. Values ranged from $5,447.71 in 2016 to $8,282.14 in 2021, peaking amid the post-pandemic recovery years. This steady increase signifies a burgeoning economic landscape, impacting potential real estate investments and residency decisions. For those eyeing Tipton County, understanding these tax dynamics offers insight into the fiscal environment shaping local property and business investments.
Average Total Tax Liability Per Tax Return in Tipton County, IN Over the Last 10 Years
Over the last decade, Tipton County, Indiana has shown a fluctuating trend in average total tax liability per tax return, with a notable dip in 2016 at $7,376.59 and a subsequent low in 2018 at $7,362.88. These variations may reflect shifts in local economic conditions or changes in tax policy. The most recent data from 2021, with an average tax liability of $8,760.92, indicates a potential upward trend, suggesting renewed financial activity. For potential investors and residents, this variability highlights the importance of understanding local economic dynamics and tax implications before making long-term commitments.
Cost of Living in Tipton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,126 | $1,339 | $1,743 | $1,268 | $1,078 |
| 1 adult 4 children | $1,126 | $1,094 | $1,332 | $1,268 | $1,165 |
| 2 adults 3 children | $1,126 | $1,094 | $1,513 | $1,268 | $890 |
| 1 adult 3 children | $1,126 | $893 | $1,102 | $1,268 | $951 |
| 2 adults 2 children | $925 | $896 | $1,283 | $1,109 | $814 |
| 1 adult 2 children | $925 | $669 | $871 | $1,109 | $762 |
| 2 adults 1 child | $925 | $708 | $1,053 | $590 | $770 |
| 1 adult 1 child | $925 | $457 | $641 | $590 | $634 |
| 2 adults | $703 | $569 | $823 | $0 | $623 |
| 1 adult | $645 | $310 | $411 | $0 | $520 |
Safety trends & Data
Tipton County, Indiana's property crime rates have shown notable fluctuations over the past three years. Burglary incidents dropped from 3.00 in 2018 to 1.00 in both 2019 and 2020, while Larceny-Theft spiked dramatically to 14.00 in 2019 from 4.00 in 2018. Fraud also saw a significant rise in 2019, reaching 8.00 from 2.00 in 2018. These erratic crime patterns may reflect underlying economic or social shifts and could be key for investors and real estate agents to... Read more
Property Crime Trends in Tipton County, IN Over the Last 3 Years
Tipton County, Indiana has seen a modest yet fluctuating property crime landscape over the past three years. Burglary incidents showed a slight drop from 3.00 in 2018 to 1.00 in both 2019 and 2020. Meanwhile, Larceny-Theft saw an unusual spike in 2019, jumping to 14.00 from 4.00 in 2018—essentially tripling in just a year. Fraud numbers also rose notably in 2019 to 8.00 from 2.00 in 2018, suggesting a growing concern. This erratic crime pattern might hint at economic or social changes affecting the area, which could be of particular interest to investors, real estate agents, and residents alike.
Demographics
Tipton County, Indiana shows a gender balance with only a slight majority of females over males in its adult population. The county's educational attainment levels indicate a strong preference for high school diplomas with a noticeable portion pursuing some college education without necessarily obtaining a degree. Age distribution data hints at a more significant portion of the population being middle-aged or older, which might signal upcoming shifts in community services and healthcare needs.... Read more
Race Distribution in Tipton County, Indiana (2022)
Educational Attainment in Tipton County, Indiana (2022)
Age Distribution in Tipton County, Indiana
Citizen Population in Tipton County, Indiana (2022)
Political Trends & Data
Tipton County, Indiana, displayed a strong Republican preference in the 2020 U.S. Presidential Election, with estimated GOP support around 75%. Meanwhile, Democrats attracted nearly 23% of the vote. Third-party candidates, such as Libertarians and Greens, seemingly had minimal influence, hinting at a limited appeal for non-major party options in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tipton County in Indiana showcased a strong leaning towards the Republican party during the 2020 U.S. Presidential Election, with around 75% of the vote potentially supporting the GOP. Democrats appeared to attract roughly 23% of the votes, indicating a significant, but smaller, base. Libertarians and Green Party candidates seemed to have only a minimal impact, possibly reflecting the area's limited support for third-party options.
75.28% of voters voted for the Republican party in the 2020 Presidential Election
22.60% of voters voted for the Democrat party in the 2020 Presidential Election
2.11% 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
School Data
Tipton County, Indiana has seen its student-to-teacher ratio decrease from 17 students per teacher in 2014 to about 15 in 2023, highlighting a trend towards smaller class sizes that could appeal to families seeking more individualized attention for their children. This shift may attract prospective homebuyers and investors, signaling a community focused on educational improvements. Compared to the national average of 14 students per teacher, Tipton County is closing the gap, suggesting enhanced... Read more
Student-to-teacher ratio in Tipton County, Indiana over the last 10 years
Tipton County, Indiana has seen its student-to-teacher ratio steadily decrease over the last decade, moving from 17 students per teacher in 2014 to around 15 in 2023. This trend implies smaller class sizes, which could appeal to families valuing more individualized attention for their children. For real estate agents, the improving ratio could be a selling point for prospective buyers. Investors and developers might see this as an indicator of a community investing in its educational infrastructure, potentially making the area more attractive. Insurance agents and appraisers may consider this positive trend when assessing the overall appeal and value of properties in the county. Comparing this to the national average of 14 students per teacher, Tipton County appears to be closing the gap, suggesting a shift towards more competitive educational standards.
