Vigo County Real Estate and Livability Trends
In Vigo County, Indiana, median home values have climbed from $91,200 in 2015 to $130,300 in 2022, signaling a burgeoning market for both homeowners and investors. With property taxes nearly doubling to $3,548.36 in 2021, buyers need to factor in higher ongoing costs. The increased taxable income and a notable rise in state and local taxes may reflect economic or policy changes. A falling... Read more
Vigo County Market Trends
Median home values in Vigo County, Indiana have surged from $91,200 in 2015 to $130,300 in 2022, a trend particularly evident since 2019, highlighting the county's growing attractiveness for investors and homeowners. This growth, though starting from a lower base compared to state and national figures, could suggest the market is undervalued and gaining traction. Residential energy tax credits... Read more
Median Value of Occupied Housing Units in Vigo County, Indiana Over the Last 8 Years
Median home values in Vigo County, Indiana have steadily risen over the past eight years, jumping from $91,200 in 2015 to $130,300 in 2022. This upward trend, particularly noticeable from 2019 onwards, might catch the eye of investors and potential homeowners. Compared to state and national levels, which similarly saw growth, Vigo County's median home values began significantly lower but have been catching up incrementally. This could indicate a potentially undervalued market that's starting to gain traction, making it a potentially attractive option for those looking to invest or move to the area.
Residential Energy Tax Credit Per Tax Return in Vigo County, IN Over the Last 9 Years
Over the past nine years, residential energy tax credits per tax return in Vigo County, Indiana, have seen considerable volatility, peaking notably in 2018 at $2,887.50. This suggests a fluctuating but increasing interest in energy-efficient home improvements. In 2017 and 2021, the credits also saw significant upticks at $758.49 and $1,001.27, respectively. These trends could be reflective of increasing incentives for green initiatives or variability in policy and eligibility criteria, representing potential opportunities for investors, builders, and residents focused on sustainability and energy efficiency upgrades.
Average Real Estate Taxes Per Tax Return in Vigo County, IN Over the Last 10 Years
Over the last decade, Vigo County, Indiana, has seen a notable increase in average real estate taxes per tax return, nearly doubling from $1,837.82 in 2012 to $3,548.36 in 2021. This upward trend suggests a significant shift in property tax burdens, which might impact the cost of living and influence investment decisions. Marked jumps around 2017 and 2018 indicate potential reassessments or fiscal policy changes, which could be pertinent for prospective buyers, real estate professionals, and current residents evaluating their property holdings. This escalation underscores the importance of thorough financial planning for anyone considering property transactions in the area.
Percentage of Farm Returns in Vigo County, IN Over the Last 10 Years
The percentage of farm tax returns in Vigo County, Indiana has generally been on a slight decline over the last decade, starting at 0.93% in 2012 and dropping to approximately 0.76% by 2021. Farm tax returns reflect the portion of income derived from agricultural activities, making them a key indicator of the economic health and sustainability of farming within the county. This subtle decrease might suggest a shift away from farming or changes in the agricultural economy, potentially influencing investment decisions, property values, and local development strategies.
Number of Mortgages by Occupancy Type in Vigo County, IN Over the Last 5 Years in Vigo County
Over the past five years in Vigo County, Indiana, there has been a noticeable trend in the dominance of principal residence mortgages compared to investment and second residences. Principal residences consistently see higher mortgage counts, indicating a stable demand for owner-occupied homes in the area. The relatively lower number of investment property mortgages may suggest a more attractive market for homebuyers rather than investors, which could influence property valuation, tax policies, and urban planning efforts. This dynamic can be crucial for real estate agents and investors analyzing occupancy types to gauge market stability and growth potential. Furthermore, understanding these trends may help appraisers and insurance agents assess risk and property values accurately.
Economic Outlook
In Vigo County, Indiana, the average taxable income per tax return has been on the rise, growing from $46,185.72 in 2013 to $61,812.15 in 2021. Remarkably, state and local income taxes have seen an even steeper increase, surging 178% from $5,347.67 in 2012 to $14,876.64 in 2021, which could hint at economic or policy shifts. Concurrently, the average total tax liability per tax return has shown an upward trend, reaching $9,695.57 in 2021. Despite these positive economic signals, the percentage... Read more
Average Taxable Income per Tax Return in Vigo County, IN over the last 9 years
In Vigo County, Indiana, the average taxable income per tax return has shown an overall upward trend over the past nine years, increasing from approximately $46,185.72 in 2013 to around $61,812.15 in 2021. Noteworthy is the steady climb, particularly from 2017 onwards, reaching a significant peak in 2021. This upward trajectory may be a signal of economic improvements or possibly shifts in the local job market. For potential investors, property developers, or individuals considering a move, this trend suggests a strengthening economic climate in the area.
Average State and Local Income Taxes Per Tax Return in Vigo County, IN Over the Last 10 Years
Vigo County, Indiana has seen a dramatic increase in average state and local income taxes per tax return over the past decade. Starting at $5,347.67 in 2012, the value has surged to $14,876.64 by 2021, reflecting a 178% rise. Notable jumps occurred in 2018 and 2019, indicating significant economic changes or policy adjustments. For investors and potential residents, this spike in tax obligations underscores the evolving fiscal landscape impacting disposable income and investment attractiveness in the area.
Average Total Tax Liability Per Tax Return in Vigo County, IN Over the Last 10 Years
Over the past decade, Vigo County, Indiana, has seen a noteworthy upward trend in the average total tax liability per tax return. Starting around $7,334.57 in 2012, it climbed to approximately $9,695.57 by 2021. Notably, significant jumps such as the spike between 2019 and 2020 suggest a growing or possibly more affluent taxpayer base. This trend could matter greatly to potential investors, homebuyers, and developers, as rising tax liabilities often align with economic growth and changing demographics in the county.
Cost of Living in Vigo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,070 | $1,327 | $1,937 | $1,604 | $1,130 |
| 1 adult 4 children | $1,070 | $1,084 | $1,490 | $1,604 | $1,212 |
| 2 adults 3 children | $1,070 | $1,084 | $1,676 | $1,604 | $933 |
| 1 adult 3 children | $1,070 | $885 | $1,229 | $1,604 | $990 |
| 2 adults 2 children | $879 | $887 | $1,416 | $1,412 | $839 |
| 1 adult 2 children | $879 | $663 | $969 | $1,412 | $766 |
| 2 adults 1 child | $879 | $701 | $1,155 | $786 | $752 |
| 1 adult 1 child | $879 | $453 | $708 | $786 | $628 |
| 2 adults | $699 | $563 | $894 | $0 | $589 |
| 1 adult | $661 | $307 | $447 | $0 | $495 |
Safety trends & Data
In Vigo County, Indiana, property crime trends reveal notable fluctuations over the past five years. Larceny-theft peaks at 264.00 incidents in 2020, with burglary seeing a slight uptick from 105.00 in 2018 to around 142.00 in 2022. While motor vehicle theft averages roughly 52.00 incidents annually, vandalism experiences a spike in 2021 with 68.00 incidents. These varying crime rates can impact real estate values, insurance premiums, and investment choices in the... Read more
Property Crime Trends in Vigo County, IN Over the Last 5 Years
In Vigo County, Indiana, property crime trends over the past five years exhibit notable fluctuations. Larceny-theft remains the most prevalent, peaking at 264.0 incidents in 2020. Burglary shows a slight increase from 105.0 in 2018 to 142.0 in 2022. Motor vehicle theft fluctuates marginally, averaging around 52.0 incidents annually. Vandalism spikes in 2021 with 68.0 incidents, suggesting possible community impacts or enforcement gaps. Fraud and forgery cases show variability but remain relatively low. These trends could influence real estate valuations, insurance premiums, and investment decisions in the area.
Demographics
Vigo County, Indiana, reflects a nearly balanced gender distribution with males and females each making up almost half of the adult population. Educational attainment reveals that a significant portion of residents have completed high school or some college, though fewer have attained bachelor’s or graduate degrees. Age-wise, the county appears to have a relatively young population, with notable numbers in the 20-34 years range. Racially, the county is predominantly White, while other racial... Read more
Race Distribution in Vigo County, Indiana (2022)
Educational Attainment in Vigo County, Indiana (2022)
Age Distribution in Vigo County, Indiana
Citizen Population in Vigo County, Indiana (2022)
Political Trends & Data
In Vigo County, Indiana, the 2020 U.S. Presidential Election displayed a significant lean towards the Republican Party, who garnered approximately 56% of the votes, compared to the Democratic Party's 42%. Minimal third-party impact, with the Libertarian Party at just over 2%, and combined Green and Other parties barely reaching half a percent, highlights a predominantly two-party system with a Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Vigo County, Indiana, the 2020 U.S. Presidential Election results suggest a notable lean towards the Republican Party, capturing approximately 56% of the votes, while the Democratic Party garnered around 42%. The presence of third parties was minimal, with the Libertarian Party receiving just over 2%, and both the Green and Other parties combined barely making up half a percent. This distribution hints at a predominantly two-party dynamic with a slightly pronounced Republican edge.
56.30% of voters voted for the Republican party in the 2020 Presidential Election
41.57% of voters voted for the Democrat party in the 2020 Presidential Election
2.06% of voters voted for the Livertarian party in the 2020 Presidential Election
0.03% of voters voted for the Green party in the 2020 Presidential Election
0.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Vigo County, Indiana, the student-to-teacher ratio has fallen from a peak of 19 in 2020 to about 14 in 2023, matching the national average. These improvements could make the area more attractive to investors, potentially impacting property valuations and appealing to relocating families. This trend could also provide real estate agents with a new angle to market properties and may affect how insurance agents assess risk profiles for local... Read more
Student-to-teacher ratio in Vigo County, Indiana over the last 10 years
Over the past ten years, Vigo County, Indiana, has seen noticeable fluctuations in its student-to-teacher ratios, peaking at around 19 students per teacher in 2020 and lately dropping to approximately 14 in 2023. Compared to the US national average of 14 students per teacher, the current numbers suggest a significant improvement in the county's educational environment. These changes could influence various stakeholders: investors might perceive an increase in the area's educational value, appraisers might adjust property valuations, and parents considering relocation might find the lower ratios appealing for their children's education. Real estate agents could leverage this trend to market properties, while insurance agents might reconsider the risk profiles for families. Such shifts bring a vital context to the community’s developmental prospects and overall quality of life.
