Washington County Real Estate and Livability Trends
Washington County, Indiana has seen median home values rise 54% from $102,900 in 2015 to $158,200 in 2022, suggesting more affordable opportunities for growth-minded investors, although still below state and national averages. Real estate taxes more than doubled to $2,473.91 in 2021, possibly due to increased property values or changing tax rates. Concurrently, the percentage of farm tax returns... Read more
Washington County Market Trends
Washington County, Indiana has seen median home values jump impressively from $102,900 in 2015 to $158,200 in 2022, marking a 54% increase but still trailing state and national averages. This suggests more affordable opportunities for growth-minded investors. The average residential energy tax credit has fluctuated significantly, peaking at $1,683.33 in 2021, indicating a trend toward... Read more
Median Value of Occupied Housing Units in Washington County, Indiana Over the Last 8 Years
Washington County, Indiana has seen a significant rise in median home values over the past eight years, with an impressive jump from $102,900 in 2015 to $158,200 in 2022. This 54% increase, while substantial, still places the county's median home value below both the state average of Indiana at $183,600 and the national average at $179,400 for 2022. This trend suggests that Washington County could offer more affordable real estate opportunities compared to broader averages, potentially appealing to investors and residents looking for growth potential without the high entry cost of other markets.
Residential Energy Tax Credit Per Tax Return in Washington County, IN Over the Last 9 Years
In Washington County, Indiana, the average residential energy tax credit per tax return has shown significant fluctuations over the last nine years, with peaks in 2018 ($950.00) and an even higher surge in 2021 ($1,683.33). This variation suggests a potential trend toward increased investment in energy-efficient home upgrades. This trend matters to potential investors, real estate agents, and homeowners as it could indicate growing incentives for energy-efficient properties, potentially increasing property values and lowering energy costs. The rising numbers might also appeal to insurance agents focusing on the decreasing risk factor of greener homes.
Average Real Estate Taxes Per Tax Return in Washington County, IN Over the Last 10 Years
Over the past decade, Washington County, Indiana, has seen a notable increase in average real estate taxes per tax return, with a significant jump starting in 2018. While the average was around $1,276.22 in 2012, it increased gradually until a sudden rise in 2018 to approximately $2,271.43, peaking at $2,473.91 in 2021. This upward trend could suggest rising property values or changes in tax rates in the county, which may impact various stakeholders like investors, homebuyers, and real estate professionals.
Percentage of Farm Returns in Washington County, IN Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Washington County, Indiana, has shown a general slight decline with some variability. Starting at approximately 6.76% in 2012 and dipping to around 5.87% in 2021, this trend may indicate changing agricultural dynamics or external economic factors affecting local farming activities. Farm tax returns are essentially the tax filings by farmers, revealing key insights into the agricultural sector’s economic health and stability in the region. For potential investors, homebuilders, or residents, understanding these trends could be crucial for making informed decisions about the area's long-term viability and opportunities.
Number of Mortgages by Occupancy Type in Washington County, IN Over the Last 5 Years in Washington County
Over the past five years in Washington County, Indiana, the number of mortgages taken for principal residences has shown a generally upward trend, notably peaking in 2021. Investment property mortgages have remained relatively stable, with modest fluctuations, while second residences have consistently secured the least number of mortgages. These changes in occupancy type matter because they may indicate shifting priorities and market stability in the region. For investors, a consistent demand in principal residence mortgages suggests a stable populace which could mean steady rental markets. For appraisers and real estate agents, understanding these trends is crucial in gauging property values and client demand. Property developers and insurers might find these insights valuable in assessing risk and opportunity in housing projects.
Economic Outlook
Over the past nine years, Washington County, Indiana has displayed a steady growth in average taxable income per tax return, increasing from $40,952.34 in 2013 to $54,292.73 in 2021. Concurrently, average state and local income taxes have more than doubled, soaring from $4,475.13 in 2012 to $9,410.34 in 2021, likely reflecting changes in tax policies and higher incomes. Additionally, the average total tax liability per tax return increased from $5,174.32 in 2012 to $7,023.63 in 2021, with... Read more
Average Taxable Income per Tax Return in Washington County, IN over the last 9 years
Over the past nine years, Washington County, Indiana has shown a steady increase in average taxable income per tax return, rising from $40,952.34 in 2013 to $54,292.73 in 2021. This consistent growth potentially signals a robust local economy and could make the area more appealing to investors and new residents seeking stable financial opportunities. Higher taxable incomes might also reflect improved job markets, attracting more professionals and enhancing community development.
Average State and Local Income Taxes Per Tax Return in Washington County, IN Over the Last 10 Years
Over the past decade, Washington County, Indiana has seen a significant rise in average state and local income taxes per tax return, climbing from $4,475.13 in 2012 to $9,410.34 in 2021. This dramatic increase, especially the steep jump between 2017 and 2018, reflects changes in tax policies and possibly higher average incomes. For investors and potential movers, understanding this trend is crucial as it impacts disposable income and long-term financial planning in the area.
Average Total Tax Liability Per Tax Return in Washington County, IN Over the Last 10 Years
The average total tax liability per tax return in Washington County, Indiana has generally trended upwards over the last decade. Starting at approximately $5,174.32 in 2012, it saw a significant increase to $7,023.63 by 2021. Notable peaks include 2015 and 2020, highlighting periods where financial burdens on residents likely spiked. This increase in tax liability might be indicative of rising incomes or changes in tax policy, making it essential for potential investors and new residents to consider the fiscal environment when planning their finances.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,130 | $1,186 | $1,689 | $1,573 | $1,083 |
| 1 adult 4 children | $1,130 | $969 | $1,298 | $1,573 | $1,194 |
| 2 adults 3 children | $1,130 | $969 | $1,462 | $1,573 | $907 |
| 1 adult 3 children | $1,130 | $791 | $1,071 | $1,573 | $992 |
| 2 adults 2 children | $848 | $793 | $1,235 | $1,384 | $801 |
| 1 adult 2 children | $848 | $593 | $844 | $1,384 | $742 |
| 2 adults 1 child | $848 | $627 | $1,008 | $771 | $726 |
| 1 adult 1 child | $848 | $405 | $617 | $771 | $622 |
| 2 adults | $644 | $504 | $781 | $0 | $568 |
| 1 adult | $625 | $275 | $391 | $0 | $493 |
Safety trends & Data
Washington County, Indiana has experienced varying property crime rates over the past three years. Burglary incidents spiked from 2 in 2020 to 5 in 2021, then fell to 1 in 2022, while larceny-theft cases remained relatively low but increased slightly from 1 in 2020 to 2 in 2021. In 2021, the area also saw an isolated embezzlement case. This volatility may impact property investment decisions and possibly alter insurance premiums, making it crucial for real estate agents and appraisers to weigh... Read more
Property Crime Trends in Washington County, IN Over the Last 3 Years
Washington County, Indiana has seen fluctuating property crime rates over the last three years. Burglary incidents jumped from 2 in 2020 to 5 in 2021 and then dropped sharply to 1 in 2022. Larceny-theft cases have remained relatively low but showed a slight increase from 1 in 2020 to 2 in 2021, with no data available for 2022. Notably, 2021 also witnessed an embezzlement case. This variability could influence property investment decisions and affect insurance premiums, making it essential for real estate agents and appraisers to consider these trends in their valuations and risk assessments.
Demographics
While male and female populations in Washington County, Indiana, are quite balanced, educational attainment reveals that the majority of adults hold a high school diploma, with fewer progressing to higher education. Age-wise, there's a significant concentration of individuals between 35 and 64 years old, pointing towards possibly aging demographics. Racial diversity appears minimal, with an overwhelmingly White population and very small representations from other racial groups. This context... Read more
Race Distribution in Washington County, Indiana (2022)
Educational Attainment in Washington County, Indiana (2022)
Age Distribution in Washington County, Indiana
Citizen Population in Washington County, Indiana (2022)
Political Trends & Data
In Washington County, Indiana, the 2020 U.S. Presidential Election saw the Republican party potentially dominating with roughly 75% of the votes. In contrast, the Democrat party seemingly captured around 23%, and minor parties like the Libertarians and Greens collectively secured just over 2%. This notable gap could indicate a strong Republican inclination or voter preference in the area during that... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Washington County, Indiana, the Republican party potentially held a commanding lead in the 2020 U.S. Presidential Election, garnering about 75% of the votes. The Democrat party appeared to secure roughly 23%, while minor parties such as the Libertarian and Green parties collectively accounted for just over 2% of the vote. This significant disparity may underscore a strong Republican presence or voter preference in the region during this election cycle.
75.08% of voters voted for the Republican party in the 2020 Presidential Election
22.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.05% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Washington County, Indiana has experienced fluctuations in its student-to-teacher ratio over the past decade, peaking at 18 in 2015 but settling closer to a national average of 14 in 2022. Currently standing at 16, this variability might suggest changes in resource allocation, teaching staff availability, or student population. For real estate agents and potential residents, the student-to-teacher ratio offers insight into the educational environment that could impact home values and community... Read more
Student-to-teacher ratio in Washington County, Indiana over the last 10 years
Washington County, Indiana has seen fluctuations in its student-to-teacher ratio over the past decade, peaking at 18 in 2015 and maintaining closer to a national average of 14 students per teacher in 2022. Notably, the current ratio stands at 16, suggesting a trend that could indicate variability in resource allocation, teaching staff availability, or student population changes. This information might be significant for those considering investments or developments in the educational sector within the county, as it sheds light on potential classroom sizes and education quality. For real estate agents and potential residents, the student-to-teacher ratio could provide insight into the educational environment, potentially affecting both home values and community appeal. Insurance agents and appraisers might also consider these trends when evaluating the long-term outlook of properties tied to school performance metrics.
