Wabash County Real Estate and Livability Trends
Wabash County, Indiana, has seen average taxable income hit $73,496.04 in 2021, pointing to economic trends that may lure investors and developers. Home values have risen from $95,100 in 2015 to $135,800 in 2022, yet they still fall behind state and national levels, hinting at room for investment growth. Energy tax credits soared to $2,750.00 in 2018, showing a likely boost in energy-efficient... Read more
Wabash County Market Trends
In Wabash County, Indiana, median home values have climbed from $95,100 in 2015 to $135,800 in 2022, although still trailing behind state and national averages. This gap might hint at future appreciation potential for savvy investors. Energy tax credits spiked to $2,750.00 in 2018, possibly highlighting a surge in energy-efficient upgrades, valuable for marketing. Real estate taxes per return... Read more
Median Value of Occupied Housing Units in Wabash County, Indiana Over the Last 8 Years
Over the past eight years, median home values in Wabash County, Indiana have shown a steady increase, rising from $95,100 in 2015 to $135,800 in 2022. While this growth is significant in its own right, the county's median values are still lower than both the state of Indiana and the national averages, which saw increases from $124,200 to $183,600 and $125,500 to $179,400, respectively, over the same period. For those considering investment, this could signal an opportunity for appreciation given the county's lag behind broader market trends.
Residential Energy Tax Credit Per Tax Return in Wabash County, IN Over the Last 9 Years
Wabash County, Indiana has seen fluctuating levels of average residential energy tax credits per tax return over the past nine years. Notably, there was a significant spike to $2,750.00 in 2018, which could suggest a one-time incentive or surge in energy-efficient upgrades. The following years showed some decline but remained higher than the early years, indicating a sustained interest in energy-efficient home improvements. Investors, real estate agents, and property developers might see opportunities in marketing energy-efficient homes due to these incentives. Understanding these trends may also be vital for insurance agents and appraisers working in the area, as energy-efficient upgrades can impact property values and insurance rates.
Average Real Estate Taxes Per Tax Return in Wabash County, IN Over the Last 10 Years
Over the past decade in Wabash County, Indiana, real estate taxes per tax return have shown a noticeable upward trajectory, nearly tripling from $807.25 in 2012 to $2,483.78 in 2021. This increase may suggest a concurrent rise in property values and could impact decisions for investors, real estate agents, and potential residents when evaluating the area's real estate market. Appraisers and insurance agents might also find these trends crucial when determining property valuations and premiums.
Percentage of Farm Returns in Wabash County, IN Over the Last 10 Years
Wabash County, Indiana has seen a gradual decline in the percentage of farm tax returns over the past decade, moving from 4.14% in 2012 to approximately 3.30% in 2021. Farm tax returns typically reflect the number of tax filings from agricultural businesses, serving as an indicator of the local agricultural economy's health. This trend could suggest a possible shift away from farming, which might interest investors or new residents planning developments not tied to agriculture. Understanding these patterns is essential for anyone considering property investment in Wabash County, as it may point to evolving economic drivers and potential opportunities in non-agricultural sectors.
Number of Mortgages by Occupancy Type in Wabash County, IN Over the Last 5 Years in Wabash County
Principal residence mortgages in Wabash County, Indiana, show a notable spike in 2020, with 1,675 loans, then a drop to 1,291 in 2022. Investment properties and second residences both saw smaller, more stable numbers, with slight increases over the years. Shifts in occupancy types could suggest varying real estate market dynamics, influencing home values, rental market conditions, and insurance premiums. For investors, a rise in principal residences may indicate growing community stability or attractiveness, while real estate agents and appraisers might see this as reflecting demand trends. Insurers and builders should monitor these changes to assess potential risk and development opportunities.
Economic Outlook
Wabash County, Indiana has experienced a notable increase in economic indicators over the past decade. Average taxable income per tax return soared to $73,496.04 in 2021, suggesting economic growth that could attract investors, new residents, and property developers. Meanwhile, average state and local income taxes have surged to $22,700.00 in 2021, reflecting significant economic shifts since 2018 that could affect financial planning for residents and investors. Additionally, the average total... Read more
Average Taxable Income per Tax Return in Wabash County, IN over the last 9 years
Over the past nine years, Wabash County, Indiana has seen a general upward trend in average taxable income per tax return, with a significant spike in 2021 reaching $73,496.04. This increase could imply growing economic prosperity or shifting demographics, making the area potentially appealing for investors, new residents, and property developers looking to capitalize on the region's economic improvements. However, it may also indicate rising incomes in certain sectors or the impact of broader economic factors on local earnings.
Average State and Local Income Taxes Per Tax Return in Wabash County, IN Over the Last 10 Years
Wabash County, Indiana has seen a significant rise in average state and local income taxes per tax return over the last decade. Starting at $6,444.25 in 2012, there has been a remarkable surge, hitting $22,700.00 by 2021. This drastic increase, particularly notable from 2018 onwards, highlights economic shifts that could impact long-term financial planning for residents and investors, emphasizing the importance of understanding local tax trends when considering property investments or relocations.
Average Total Tax Liability Per Tax Return in Wabash County, IN Over the Last 10 Years
Over the last decade, Wabash County, Indiana has seen a fluctuating but largely upward trend in average total tax liability per tax return. Starting at $6,713.29 in 2012, the liability peaked dramatically at $12,646.84 by 2021. Such increases may indicate rising incomes or changes in tax policy, providing valuable insight for potential investors, newcomers, property developers, and residents considering the area's financial landscape.
Cost of Living in Wabash County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,031 | $1,251 | $1,914 | $1,213 | $996 |
| 1 adult 4 children | $1,031 | $1,021 | $1,464 | $1,213 | $1,057 |
| 2 adults 3 children | $1,031 | $1,022 | $1,660 | $1,213 | $818 |
| 1 adult 3 children | $1,031 | $834 | $1,210 | $1,213 | $842 |
| 2 adults 2 children | $847 | $836 | $1,407 | $1,061 | $757 |
| 1 adult 2 children | $847 | $625 | $957 | $1,061 | $661 |
| 2 adults 1 child | $847 | $661 | $1,154 | $565 | $704 |
| 1 adult 1 child | $847 | $427 | $703 | $565 | $581 |
| 2 adults | $643 | $531 | $900 | $0 | $587 |
| 1 adult | $591 | $290 | $450 | $0 | $486 |
Demographics
The gender distribution in Wabash County, Indiana is relatively balanced, with a slight female majority. When it comes to education, the population is skewed towards high school graduates and those with some college experience but no degree, indicating a workforce possibly inclined towards trades or local industries. Age distribution shows a significant portion of the population in the 55-64 age bracket, hinting at an aging community, with potential implications for local healthcare and... Read more
Race Distribution in Wabash County, Indiana (2022)
Educational Attainment in Wabash County, Indiana (2022)
Age Distribution in Wabash County, Indiana
Citizen Population in Wabash County, Indiana (2022)
Political Trends & Data
In Wabash County, Indiana, a notable skew towards Republican preferences emerged during the 2020 U.S. Presidential Election, with the GOP potentially securing about 74% of the vote. Democrats appeared to lag behind at around 24%, and Libertarians had only a slight presence, receiving just over 2%. The minimal impact from Green and other parties might reflect a dominant two-party preference in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Wabash County, Indiana, the 2020 U.S. Presidential Election saw the Republican party potentially dominating with approximately 74% of the vote. Democrats trailed significantly, capturing around 24%, while Libertarians seemed to have a marginal impact at just over 2%. Votes for Green and other parties were almost negligible, possibly indicating a strong preference for the two major parties among voters in this county.
73.83% of voters voted for the Republican party in the 2020 Presidential Election
23.97% of voters voted for the Democrat party in the 2020 Presidential Election
2.17% 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
The student-to-teacher ratio in Wabash County, Indiana, has fluctuated over the past decade, peaking at around 19 students per teacher in 2020, well above the national average of 14. Although the ratio has decreased slightly, it remains higher than the national standard, which may be a point of consideration for potential movers assessing the quality of education. This trend could also impact local property values, as educational quality often plays a role in housing market... Read more
Student-to-teacher ratio in Wabash County, Indiana over the last 10 years
The student-to-teacher ratio in Wabash County, Indiana has seen some notable fluctuations over the past decade. Ratios peaked in 2020 at roughly 19 students per teacher, significantly above the national average of 14, which might suggest potential challenges in providing individualized attention in classrooms. While the ratio has decreased somewhat since then, it remains consistently higher than the national standard. For real estate agents and those looking to move to the area, this trend could be an indicator to explore the quality of education when considering Wabash County. Investors and appraisers might see these ratios as influencing property values, as educational quality tends to impact local housing markets.
