Vermillion County Real Estate and Livability Trends
In Vermillion County, Indiana, the average taxable income per tax return has grown from $43,892.33 in 2013 to $54,700.54 by 2021, suggesting improving economic prospects. Median home values have risen from $75,000 in 2015 to $99,400 in 2022, indicating potentially undervalued opportunities. The student-to-teacher ratio has improved, dropping from 14 students per teacher in 2014 to 11 in 2023,... Read more
Vermillion County Market Trends
In Vermillion County, Indiana, the median home values have increased from $75,000 in 2015 to $99,400 in 2022, relatively modest compared to state and national trends, potentially indicating undervalued opportunities. The average residential energy tax credit peaked at $2,450.00 in 2018, suggesting a surge in energy-efficient upgrades. Real estate taxes peaked at $2,972.73 in 2020, hinting at... Read more
Median Value of Occupied Housing Units in Vermillion County, Indiana Over the Last 8 Years
Over the last eight years, the median home values in Vermillion County, Indiana have shown a generally upward trend, rising from $75,000 in 2015 to $99,400 in 2022. This local increase may catch the eye of potential investors or residents due to it being relatively modest compared to Indiana's state-wide increase from $124,200 to $183,600, and the national rise from $125,500 to $179,400 for the same period. Vermillion County’s housing market appears to be less volatile, offering potentially undervalued opportunities when considering broader market trends in the state and across the country.
Residential Energy Tax Credit Per Tax Return in Vermillion County, IN Over the Last 9 Years
Vermillion County, Indiana has seen notable fluctuations in the average residential energy tax credit per tax return over the past nine years. Starting at approximately $442.31 in 2013, it peaked significantly in 2018 at around $2450.00, suggesting a potential surge in energy-efficient home improvements or investments during that year. While the average dipped to about $733.33 in 2019, it ascended again to $1738.46 by 2021. For investors, appraisers, and property developers, these trends could indicate growing interest and potential incentives for energy-efficient residential upgrades in the county. This variability is crucial for understanding local economic incentives and planning long-term real estate investments.
Average Real Estate Taxes Per Tax Return in Vermillion County, IN Over the Last 10 Years
Over the last decade in Vermillion County, Indiana, average real estate taxes per tax return have seen some significant fluctuations. From $1,456.32 in 2012 to a peak of $2,972.73 in 2020, this variability could suggest shifts in property valuations, changes in local tax policies, or other economic factors. For potential investors, homeowners, real estate agents, and appraisers, understanding these trends can be crucial for making informed decisions. Notably, the jump in 2018 to $2,509.09 and the subsequent peak in 2020 might warrant further investigation into what drove these sharp increases.
Percentage of Farm Returns in Vermillion County, IN Over the Last 10 Years
Over the past 10 years, the percentage of farm tax returns in Vermillion County, Indiana has shown a slight decline, starting from approximately 3.0% in 2012 and settling around 2.4% by 2021. This trend suggests that farming might be becoming less prevalent or profitable in the area, which could impact land prices and the local economy. Farm tax returns are filings submitted by farm owners to the tax authorities, detailing income and expenses related to agricultural operations. For potential investors or those considering relocating to Vermillion County, this decrease in farm activity might indicate a shift toward other industries or residential developments.
Number of Mortgages by Occupancy Type in Vermillion County, IN Over the Last 5 Years in Vermillion County
Over the last five years, Vermillion County, Indiana, has seen a consistent preference for principal residences in its mortgage data, with numbers fluctuating but largely dominating over other types of occupancy. Investment properties have seen modest activity, while second residences remain a minor segment. This trend matters because it can hint at stability and demand in the local housing market, affecting property values, investment decisions, and insurance risk assessments. Buyers, sellers, investors, and real estate professionals should consider these occupancy trends as they can influence market dynamics, regional growth, and home insurance premiums.
Economic Outlook
The average taxable income per tax return in Vermillion County, Indiana, has grown from $43,892.33 in 2013 to approximately $54,700.54 by 2021. This upward trend suggests the area’s economic prospect could be improving, making it potentially attractive to investors and new residents. Coupled with a notable rise in state and local income taxes, peaking at $7,600.00 in 2020, this increased tax burden might influence long-term financial planning for residents. Additionally, the total tax... Read more
Average Taxable Income per Tax Return in Vermillion County, IN over the last 9 years
The average taxable income per tax return in Vermillion County, Indiana has shown a general upward trend over the past nine years. Starting at $43,892.33 in 2013, it has risen to approximately $54,700.54 by 2021. This suggests that the county may offer a growing economic environment, potentially attracting investors and new residents seeking financial growth. Notably, the most significant jump occurred between 2020 and 2021, indicating a possible economic boost or recovery in recent times, which could be appealing to those considering building property or moving there.
Average State and Local Income Taxes Per Tax Return in Vermillion County, IN Over the Last 10 Years
Over the last decade, Vermillion County, Indiana has experienced a notable increase in state and local income taxes per tax return, climbing from $3,735.11 in 2012 to a peak of $7,600.00 in 2020 before slightly declining to $6,900.00 in 2021. This upward trend indicates a growing tax burden for residents, which could impact decisions for potential investors, prospective homeowners, and current residents considering long-term financial planning.
Average Total Tax Liability Per Tax Return in Vermillion County, IN Over the Last 10 Years
Over the past decade, Vermillion County, Indiana, has seen a fluctuating but generally upward trend in the average total tax liability per tax return, peaking at $6,797.18 in 2021. This suggests an increase in either income levels or tax rates, factors that could impact how residents and potential investors view the economic climate. The notable spike in 2017 to $6,464.64 and subsequent variations highlight possible economic or policy changes that may have influenced these numbers. This matters because understanding these ebbs and flows can provide insights into the financial health and taxation trends within the county, critical for investment and development decisions.
Cost of Living in Vermillion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $958 | $1,327 | $1,937 | $1,525 | $1,107 |
| 1 adult 4 children | $958 | $1,084 | $1,490 | $1,525 | $1,187 |
| 2 adults 3 children | $958 | $1,084 | $1,676 | $1,525 | $909 |
| 1 adult 3 children | $958 | $885 | $1,229 | $1,525 | $961 |
| 2 adults 2 children | $787 | $887 | $1,416 | $1,342 | $826 |
| 1 adult 2 children | $787 | $663 | $969 | $1,342 | $747 |
| 2 adults 1 child | $787 | $701 | $1,155 | $748 | $742 |
| 1 adult 1 child | $787 | $453 | $708 | $748 | $615 |
| 2 adults | $626 | $563 | $894 | $0 | $590 |
| 1 adult | $592 | $307 | $447 | $0 | $490 |
Safety trends & Data
Vermillion County, Indiana has seen some interesting shifts in property crime over the past three years. While burglary remained constant at five cases from 2018 to 2019 before dropping to three in 2020, larceny-theft showed more variation, decreasing slightly from six in 2018 to five in 2019, then rising to eight in 2020. Motor vehicle theft and vandalism have been minimal, with just one incident in 2018 and none since. However, the recent uptick in thefts and isolated cases like forgery,... Read more
Property Crime Trends in Vermillion County, IN Over the Last 3 Years
Over the past three years, Vermillion County, Indiana has experienced some fluctuations in property crimes. Burglary held steady from 2018 to 2019 with five cases each year but dropped to three in 2020. Larceny-theft fluctuated slightly, from six instances in 2018 down to five in 2019, then jumping to eight in 2020. Motor vehicle theft and vandalism were minimal, with each seeing just one incident in 2018 and no notable cases afterward. There were unique instances like two forgery and counterfeiting cases in 2019 and three arson cases in 2020. For investors and real estate players, these trends indicate a somewhat sporadic yet fairly low rate of property crime, with a recent uptick in thefts worth keeping an eye on.
Demographics
Vermillion County, Indiana reveals a slightly higher female adult population compared to males. In education, high school graduates and those with some college dominate, while advanced degree holders are relatively few. The county's age distribution suggests a balanced demographic with notable clusters in the 25-34 and 55-64 age ranges. Racially, the population is overwhelmingly White, with minimal representation from other racial groups. This diverse yet predominantly White demographic could... Read more
Race Distribution in Vermillion County, Indiana (2022)
Educational Attainment in Vermillion County, Indiana (2022)
Age Distribution in Vermillion County, Indiana
Citizen Population in Vermillion County, Indiana (2022)
Political Trends & Data
Vermillion County, Indiana, displays a substantial conservative inclination with approximately 69% of the 2020 U.S. Presidential Election votes going to Republicans, while Democrats received around 29%. The Libertarians' 2% share could indicate a minor, yet notable, interest in alternative political perspectives among voters. This strong Republican dominance might have implications for local real estate trends, particularly in terms of property values and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Vermillion County, Indiana, the 2020 U.S. Presidential Election showed a significant lean towards the Republican party, which garnered around 69% of the vote. Democrats received roughly 29%, while Libertarians captured just over 2%. With other parties barely registering, these results hint at a predominantly conservative electorate, although the slight Libertarian presence might suggest some openness to non-traditional political views.
69.30% of voters voted for the Republican party in the 2020 Presidential Election
28.67% of voters voted for the Democrat party in the 2020 Presidential Election
2.02% of voters voted for the Livertarian party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Vermillion County, Indiana, has seen its student-to-teacher ratio drop from around 14 students per teacher in 2014 to approximately 11 students per teacher in 2023. This shift could suggest better classroom conditions and more personalized attention for students, potentially making the area more appealing to families and indicating a stronger community vibe. For real estate stakeholders, this trend may hint at stable or appreciating property values, indirectly tied to the... Read more
Student-to-teacher ratio in Vermillion County, Indiana over the last 10 years
Over the past decade, Vermillion County, Indiana, has seen its student-to-teacher ratio gradually decrease from just above the national average—starting at around 14 students per teacher in 2014—to a notably lower ratio of roughly 11 students per teacher in 2023. This trend suggests improvements in classroom sizes, likely leading to more personalized attention for students. For those considering investment or relocation, this can indicate a commitment to education and potentially a more supportive community environment. Real estate agents and builders might find this attractive to families, while appraisers and insurance agents might view it as a possible indicator of stable or appreciating property values.
