Union County Real Estate and Livability Trends
Union County, Indiana has seen a steady climb in median home values from $102,500 in 2015 to $149,500 in 2022, which hints at solid investment potential amidst broader trends. The upward momentum in mortgages for primary residences and stable investment property numbers could point to a burgeoning, resilient community that appeals to potential homeowners and investors alike. Rising real estate... Read more
Union County Market Trends
Union County, Indiana has witnessed a steady increase in median home values from $102,500 in 2015 to $149,500 in 2022, hinting at emerging investment potential against broader state and national trends. The marked growth in primary residence mortgages alongside stable investment property numbers could signal a burgeoning, stable community attractive to both potential homeowners and cautious... Read more
Median Value of Occupied Housing Units in Union County, Indiana Over the Last 8 Years
Union County, Indiana has seen steady growth in median home values over the past eight years, starting at $102,500 in 2015 and rising to $149,500 by 2022. This local trend contrasts with the state and national levels, where Indiana’s median home values have increased from $124,200 in 2015 to $183,600 in 2022, and the U.S. from $125,500 to $179,400 over the same period. Despite the smaller absolute values in Union County compared to state and national figures, the consistency and significant uptick, especially the sharp rise from 2021 to 2022, might suggest a growing desirability or emerging investment potential in the area.
Residential Energy Tax Credit Per Tax Return in Union County, IN Over the Last 8 Years
The average residential energy tax credit per tax return in Union County, Indiana displays significant variability over the last eight years. From as low as $250.00 in 2015, it peaked dramatically at $1,100.00 in 2021. Notably, 2016 and 2017 also saw relatively high credits at $414.29 and $400.00, respectively. This fluctuation suggests changes in either local energy initiatives or uptake in energy-efficient home improvements. Potential investors and real estate agents might see this as indicative of a community responsive to energy incentives, which could influence property values and attractiveness. For appraisers and insurance agents, these changes could impact evaluations and risk assessments of properties based on energy efficiency regulatory compliance and the fiscal responsiveness of residents to incentives.
Average Real Estate Taxes Per Tax Return in Union County, IN Over the Last 10 Years
Over the last decade in Union County, Indiana, average real estate taxes per tax return have generally increased, with a notable surge from $1,426.92 in 2012 to a peak of $2,650.00 in 2021. This upward trend might reflect rising property values or changes in the local tax structure, impacting homeowners and potential investors. Such growth in property taxes could suggest a strengthening real estate market, which could be attractive or concerning depending on one's financial position and long-term plans in the area.
Percentage of Farm Returns in Union County, IN Over the Last 10 Years
In Union County, Indiana, the percentage of farm returns appears to have seen some fluctuation over the last decade, with a slight decrease overall. Starting at approximately 6.21% in 2012, there was a minor peak in 2014 at around 6.69%, but by 2021, it had slightly declined to about 5.79%. Farm tax returns typically offer a glimpse into the economic health and viability of agriculture within a specific region. Understanding these trends might suggest broader economic shifts, potential strain on local agriculture, or even evolving land use practices. For investors or prospective residents, these insights could be crucial for making informed decisions about property purchases or agricultural investments.
Number of Mortgages by Occupancy Type in Union County, IN Over the Last 5 Years in Union County
Union County, Indiana has seen a notable increase in mortgages for principal residences from 220 in 2018 to 410 in 2021, while investment property mortgages have fluctuated but remained relatively stable with a minor decrease from 22 in 2018 to 17 in 2022. The number of second residence mortgages has remained low and consistent. Shifts in occupancy types can indicate broader economic and demographic changes in the county. For investors or those considering relocation, the rise in primary residence mortgages may suggest a growing, stable community, while the steady numbers in investment properties imply ongoing but cautious interest in rental or commercial opportunities. Appraisers and real estate agents may find the increasing primary residence trend indicative of rising property values and demand, impacting valuations and market strategies.
Economic Outlook
Union County, Indiana shows a promising economic landscape with average taxable income per tax return climbing from around $42,794.03 in 2013 to $56,547.43 by 2021. The rise in state and local income taxes, from $4,545.45 in 2012 to $6,300.00 in 2021, underscores an evolving fiscal environment. Additionally, the average total tax liability has seen significant peaks, notably in 2017 and 2021, which may reflect local income growth or shifts in tax laws. These trends hint at economic development... Read more
Average Taxable Income per Tax Return in Union County, IN over the last 9 years
Union County, Indiana has seen a variable yet overall upward trend in average taxable income per tax return over the last nine years. Starting at approximately $42,794.03 in 2013, it peaked around $56,547.43 by 2021. This steady growth, particularly notable in recent years, suggests a potentially favorable economic climate for those considering investing, moving, or building property in the area. Such financial growth may indicate expanding local opportunities and a stable economic environment.
Average State and Local Income Taxes Per Tax Return in Union County, IN Over the Last 10 Years
Union County, Indiana has seen a steady rise in average state and local income taxes per tax return over the last decade, with amounts increasing from $4,545.45 in 2012 to $6,300.00 in 2021. The notable spike in 2019, reaching $6,514.29, suggests significant fiscal changes or economic growth. Investors and residents might find this trend indicative of the county’s evolving economic landscape and should consider the tax environment when making financial decisions.
Average Total Tax Liability Per Tax Return in Union County, IN Over the Last 10 Years
Union County, Indiana, has experienced notable fluctuations in its average total tax liability per tax return over the past decade. Significant peaks are observed in 2017 and 2021, with values reaching $6,387.50 and $7,300.39, respectively. While tax liabilities generally increased, there were occasional declines, such as in 2018, when the average dropped to $5,483.47. These trends could be insightful for investors and potential residents, indicating economic changes, possibly reflecting local income growth, shifts in tax regulations, or variations in demographic characteristics influencing the tax base.
Cost of Living in Union County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,213 | $1,214 | $1,989 | $1,660 | $1,252 |
| 1 adult 4 children | $1,213 | $992 | $1,530 | $1,660 | $1,369 |
| 2 adults 3 children | $1,213 | $992 | $1,721 | $1,660 | $1,055 |
| 1 adult 3 children | $1,213 | $810 | $1,262 | $1,660 | $1,144 |
| 2 adults 2 children | $909 | $812 | $1,453 | $1,461 | $895 |
| 1 adult 2 children | $909 | $607 | $994 | $1,461 | $846 |
| 2 adults 1 child | $909 | $642 | $1,185 | $814 | $801 |
| 1 adult 1 child | $909 | $415 | $727 | $814 | $680 |
| 2 adults | $699 | $516 | $918 | $0 | $619 |
| 1 adult | $609 | $281 | $459 | $0 | $508 |
Demographics
Union County, Indiana's adult population skews slightly female, with a sizable number of residents holding only a high school diploma or some college experience. The age distribution leans towards an older demographic, particularly those aged 55 and over, reflecting potential challenges with workforce renewal in the near future. Racially, the county is overwhelmingly White, with very small representations of other racial... Read more
Race Distribution in Union County, Indiana (2022)
Educational Attainment in Union County, Indiana (2022)
Age Distribution in Union County, Indiana
Citizen Population in Union County, Indiana (2022)
Political Trends & Data
Union County, Indiana, exhibited a notable Republican preference in the 2020 U.S. Presidential Election, with approximately 77% of the vote. The Democratic party received about 21%, highlighting a significant leaning toward the GOP. Minimal support for third parties suggests a strong two-party dynamic, potentially mirroring broader political attitudes in rural... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Union County, Indiana, the 2020 U.S. Presidential Election seemed to heavily favor the Republican party, with about 77% of the vote. The Democrat party garnered roughly 21% of the votes, which could suggest a significant Republican leaning in this area. Voter preference for third parties such as the Libertarian party appeared minimal, indicating a strong two-party dynamic. This trend might reflect broader political attitudes in rural or less populous regions of Indiana.
77.17% of voters voted for the Republican party in the 2020 Presidential Election
21.13% of voters voted for the Democrat party in the 2020 Presidential Election
1.69% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Union County, Indiana has seen its student-to-teacher ratio drop from a peak of 17 in 2015 to about 14, aligning closely with the national average. This decline might suggest enhanced educational quality, making the area more appealing for both investors and prospective residents. For real estate agents and appraisers, the more favorable ratio could be a key selling point, indicative of smaller class sizes and potentially better learning environments. Additionally, from an insurance standpoint,... Read more
Student-to-teacher ratio in Union County, Indiana over the last 10 years
Union County, Indiana has seen fluctuating student-to-teacher ratios over the past decade, peaking at around 17 in 2015 and dropping to approximately 14 in recent years, closely aligning with the national average of 14 students per teacher in the United States. These changes could impact investment decisions, as lower ratios often indicate smaller class sizes, potentially enhancing learning experiences. For real estate agents, appraisers, and those planning to move to the area, a favorable student-to-teacher ratio can be a significant selling point, suggesting better education quality. From an insurance perspective, schools with more manageable class sizes might also translate to fewer disciplinary issues and safer school environments, which could influence policy cost assessments.
