Warrick County Real Estate and Livability Trends
In Warrick County, Indiana, the average taxable income per tax return surged from $68,046.91 in 2013 to $95,227.15 in 2021, indicating a potentially strengthening local economy and perhaps rising property values. Real estate trends show a steady increase in median home values, peaking at $215,600 in 2022, well above state and national averages. Larceny-theft and burglary rates have notably... Read more
Warrick County Market Trends
Median home values in Warrick County, Indiana have steadily increased, peaking at $215,600 in 2022, well above both the state and national medians. Significant energy tax credits in 2018 reflect heightened investment in energy-efficient upgrades, though these credits have since stabilized. Real estate taxes nearly doubled over the past decade, hinting at rising property values and growing local... Read more
Median Value of Occupied Housing Units in Warrick County, Indiana Over the Last 8 Years
The median home values in Warrick County, Indiana have shown consistent growth over the past eight years, peaking at $215,600 in 2022. This is notably higher compared to the state median of Indiana, which was $183,600, and the national median at $179,400 for the same year. This growth trend might suggest a robust real estate market in Warrick County, potentially making it an attractive option for investors, new residents, or builders looking for opportunities within a growing market.
Residential Energy Tax Credit Per Tax Return in Warrick County, IN Over the Last 9 Years
Warrick County, Indiana has seen notable fluctuations in residential energy tax credits over the last nine years, with a dramatic peak in 2018 at $3033.33 per tax return. This surge could suggest a period of significant investment in energy-efficient improvements or policies boosting such upgrades. Although the average figures have since stabilized, they still hover around $1000, indicating a continued but less volatile engagement with energy-saving incentives. Such trends may impact property valuations and appeal to investors or residents interested in sustainable living.
Average Real Estate Taxes Per Tax Return in Warrick County, IN Over the Last 10 Years
Warrick County, Indiana has seen a steady rise in real estate taxes over the past decade, indicating potential increases in property values and local government funding needs. Notably, the average tax per return nearly doubled from approximately $2,117.60 in 2012 to around $4,177.78 by 2021. Significant jumps between 2017 and 2019 suggest rapid developments or reassessments during this period. These trends are crucial for investors and those involved in real estate, as they reflect economic growth but also higher carrying costs.
Percentage of Farm Returns in Warrick County, IN Over the Last 10 Years
Over the last decade, the percentage of farm returns in Warrick County, Indiana has shown a gradual decline from 1.15% in 2012 to approximately 0.89% in 2021. Farm tax returns, which typically reflect the number of farmers filing taxes in relation to agricultural income, give an insight into the farming activity and economic health of a region's agricultural sector. This downward trend could indicate a variety of factors such as farm consolidations, shifts toward other types of employment, or possibly decreased agricultural profitability. For potential investors, property developers, or those considering a move, this data might suggest a transforming economic landscape where agriculture, once perhaps more prominent, appears to be shrinking.
Number of Mortgages by Occupancy Type in Warrick County, IN Over the Last 5 Years in Warrick County
Over the last five years, Warrick County, Indiana has seen varying trends in mortgage counts by occupancy type. The bulk of the mortgages have consistently been for principal residences, indicating a strong homeowner presence. There is a noticeable but smaller market for investment properties and second residences. The fluctuations in investment and second residence mortgages might suggest changing demands for rental and vacation properties in the area. Understanding these dynamics can be crucial for investors, real estate developers, insurance agents, and others when assessing market potential and risks. Additionally, appraisers and lenders might find these variations important when evaluating property values and mortgage opportunities.
Economic Outlook
Warrick County, Indiana has seen average taxable income per tax return rise from $68,046.91 in 2013 to $95,227.15 in 2021, indicating a thriving local economy and potentially increasing property values. The surge in average state and local income taxes from $5,862.04 in 2012 to $15,542.11 in 2021, particularly between 2017 and 2018, signals broader economic changes that could impact financial decisions for investors and new residents. Additionally, the rise in total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Warrick County, IN over the last 9 years
Warrick County, Indiana has shown a notable upward trend in average taxable income per tax return over the past nine years. In 2013, the average taxable income was around $68,046.91 and steadily increased each year, reaching approximately $95,227.15 by 2021. This growth suggests perhaps a thriving local economy and potentially increasing property values, making it a compelling area for investments, new residents, or property developments.
Average State and Local Income Taxes Per Tax Return in Warrick County, IN Over the Last 10 Years
Warrick County, Indiana has seen a dramatic rise in average state and local income taxes per tax return over the last decade, surging from approximately $5,862.04 in 2012 to $15,542.11 in 2021. The steepest increase was between 2017 and 2018 when the rate soared from $7,490.24 to $11,878.69. This substantial growth in tax burdens reflects broader economic changes in the area, making it an important factor for potential investors, new residents, and property developers to consider when evaluating financial impacts.
Average Total Tax Liability Per Tax Return in Warrick County, IN Over the Last 10 Years
Warrick County, Indiana has seen a noticeable uptick in the average total tax liability per tax return over the past decade, with an increase from $12,042.42 in 2012 to $17,989.24 in 2021. This trend could suggest a rise in overall income levels, potentially making the area more attractive to high-income earners or businesses. However, it may also imply higher tax burdens, which could influence decisions for those considering investment or relocation to the county. The fluctuations indicate an evolving economic landscape, underscoring the importance of staying informed about local fiscal policies and economic conditions.
Cost of Living in Warrick County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,399 | $1,375 | $1,710 | $1,795 | $1,355 |
| 1 adult 4 children | $1,399 | $1,123 | $1,314 | $1,795 | $1,497 |
| 2 adults 3 children | $1,399 | $1,124 | $1,480 | $1,795 | $1,154 |
| 1 adult 3 children | $1,399 | $917 | $1,085 | $1,795 | $1,277 |
| 2 adults 2 children | $1,081 | $920 | $1,250 | $1,580 | $962 |
| 1 adult 2 children | $1,081 | $687 | $855 | $1,580 | $974 |
| 2 adults 1 child | $1,081 | $727 | $1,020 | $880 | $873 |
| 1 adult 1 child | $1,081 | $470 | $625 | $880 | $742 |
| 2 adults | $864 | $584 | $791 | $0 | $661 |
| 1 adult | $767 | $319 | $395 | $0 | $553 |
Safety trends & Data
In Warrick County, Indiana, property crime trends have generally declined over the past five years. Larceny-theft incidents, which were at 220 in 2018, dropped dramatically to 20 in 2021 before slightly rising to 60 in 2022. Burglary cases also reduced from 29 in 2018 to just 3 in 2021, with a minor uptick to 5 in 2022. Vandalism and fraud cases have also gone down, and motor vehicle theft has remained consistently low, not exceeding 13 incidents annually. These trends may make Warrick County a... Read more
Property Crime Trends in Warrick County, IN Over the Last 5 Years
In Warrick County, Indiana, property crime trends over the past five years show a notable decline, particularly in larceny-theft and burglary incidents. Larceny-theft, which was at 220 cases in 2018, fell significantly to 20 cases by 2021 before settling at 60 cases in 2022. Burglary also saw a decrease from 29 cases in 2018 to just 3 cases in 2021, although it slightly increased to 5 cases in 2022. While cases of vandalism and fraud have also decreased, motor vehicle theft remained relatively low and stable, never surpassing 13 incidents annually. These trends might attract prospective investors or homeowners looking for a safer community, as well as positively impact property valuation and insurance premiums.
Demographics
Warrick County, Indiana appears to have a relatively balanced male-to-female ratio among its adult population with minor variations. Educational attainment for the area shows a significant portion of residents holding a high school diploma or higher, with a notable share achieving bachelor's or graduate/professional degrees. The age distribution leans towards a middle-aged demographic, with a substantial presence of individuals in the 35 to 64 years range. The racial makeup prominently features... Read more
Race Distribution in Warrick County, Indiana (2022)
Educational Attainment in Warrick County, Indiana (2022)
Age Distribution in Warrick County, Indiana
Citizen Population in Warrick County, Indiana (2022)
Political Trends & Data
In Warrick County, Indiana, the 2020 U.S. Presidential Election indicated a strong conservative tilt, with Republicans securing about 63% of the vote, while Democrats received approximately 35%. Libertarian and other minor parties had minimal impact, collectively getting around 1.6%. This political landscape could be shaping the local real estate market, possibly affecting decisions around zoning, development, and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Warrick County, Indiana, the 2020 U.S. Presidential Election saw Republicans capturing a sizable majority with approximately 63% of the votes, whereas Democrats garnered around 35%. Libertarian presence was minimal at roughly 1.6%, with Green and other parties barely registering. This trend possibly underscores the county's conservative alignment, potentially influencing local and state political dynamics in Indiana.
63.04% of voters voted for the Republican party in the 2020 Presidential Election
35.24% of voters voted for the Democrat party in the 2020 Presidential Election
1.65% 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
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Warrick County, Indiana has seen fluctuating student-to-teacher ratios over the past decade, with peaks around nineteen in 2017 and lows just under fifteen in 2021. Class sizes affect individual student attention, making this a significant factor for families considering relocation. For real estate agents and developers, understanding these trends offers insights into community priorities, which can help in tailoring marketing strategies to potential... Read more
Student-to-teacher ratio in Warrick County, Indiana over the last 10 years
Warrick County, Indiana has experienced fluctuating student-to-teacher ratios over the past ten years, often exceeding the national average of 14 students per teacher. The ratios peaked at close to nineteen in 2017 and dropped to just below fifteen in 2021. Higher ratios might indicate larger class sizes, possibly impacting individual student attention and educational outcomes, which can be a critical factor for families deciding on relocation or for educational professionals assessing school performance. Conversely, lower ratios can suggest more personalized teaching environments, a potential draw for attracting new residents and influencing local housing markets. For real estate agents and property developers, these trends can provide valuable insights into community priorities and help tailor marketing strategies.
