Wayne County Real Estate and Livability Trends
Wayne County, Indiana's median home value has jumped from $92,200 in 2015 to $119,400 in 2022, which remains significantly lower than both state and national averages. Real estate tax hikes peaking at $3,079.41 in 2020 suggest increasing property values and taxes. An uptick in the Residential Energy Tax Credit to $2,860.00 in 2018 hints at significant energy-efficient home upgrades, possibly... Read more
Wayne County Market Trends
Wayne County, Indiana's median home value has jumped from $92,200 in 2015 to $119,400 in 2022, significantly lower than both the state and national averages. The substantial spike in Residential Energy Tax Credit to $2,860.00 in 2018 hints at increased energy-efficient home upgrades, possibly attracting eco-conscious buyers. Real estate taxes surged, peaking at $3,079.41 in 2020, which might... Read more
Median Value of Occupied Housing Units in Wayne County, Indiana Over the Last 8 Years
Wayne County, Indiana has seen its median home value increase from $92,200 in 2015 to $119,400 in 2022. Despite this growth, home values remain significantly lower than both the state average, which jumped from $124,200 to $183,600, and the national average, which rose from $125,500 to $179,400 over the same period. This price disparity might make Wayne County an attractive option for budget-conscious buyers looking for affordable housing in Indiana.
Residential Energy Tax Credit Per Tax Return in Wayne County, IN Over the Last 9 Years
Wayne County, Indiana, has seen fluctuations in the average Residential Energy Tax Credit per tax return over the last nine years, with a notable spike in 2018 reaching $2,860.00. While most years hovered between $400.00 and $800.00, the dramatic increase in 2018 suggests potential changes in tax policies or a surge in energy-efficient home upgrades. This trend could indicate opportunities for real estate investors and developers to focus on energy-efficient homes, potentially enhancing property values and appeal to eco-conscious buyers. Insurance agents might also see this as a signal to adjust coverage offers for homes with significant energy-saving investments.
Average Real Estate Taxes Per Tax Return in Wayne County, IN Over the Last 10 Years
Wayne County, Indiana has seen a steady increase in average real estate taxes per tax return over the last decade, peaking around $3,079.41 in 2020 before slightly decreasing to $3,014.71 in 2021. Notable jumps are evident, particularly between 2017 and 2018, where taxes spiked from $2,087.95 to $2,794.12, and continued rising in 2019. These trends suggest upward pressure on property values and local tax rates, which could impact budgeting for potential homeowners, real estate investors, and insurance calculations.
Percentage of Farm Returns in Wayne County, IN Over the Last 10 Years
In Wayne County, Indiana, farm tax returns have remained relatively stable over the past decade, hovering around 2.46% to 2.59% annually. A slight increase in 2018 and 2019 might suggest higher agricultural activity during those years. For potential investors and residents, the consistent percentage of farm returns indicates a steady agricultural community, offering opportunities in farm-related businesses or real estate tied to ranching and farming. Stability in farm returns can often be a signal of economic resilience in rural property investments.
Number of Mortgages by Occupancy Type in Wayne County, IN Over the Last 5 Years in Wayne County
Wayne County, Indiana has seen fluctuating mortgage activity over the past five years, with a predominant focus on principal residences, peaking in 2021 with 3117 mortgages. Investment properties consistently make up a smaller portion, yet their uptick in recent years suggests a growing interest in rental and commercial opportunities. The negligible count for second residences signals minimal demand for vacation or secondary homes. Changes in occupancy type matter because they indicate broader economic and demographic shifts, influencing property values, market dynamics, and resource allocation. For investors and developers, these trends can highlight lucrative opportunities or potential risks. For real estate agents and insurance agents, understanding occupancy trends helps tailor services to client needs and market conditions.
Economic Outlook
Wayne County, Indiana has seen a steady rise in average taxable income per tax return, growing from $42,615.19 in 2013 to $55,682.35 by 2021, potentially signaling improved economic conditions. However, average state and local income taxes have also significantly increased, especially between 2017 and 2019. The average total tax liability per tax return has shown variability, with a peak at $8,134.62 in 2021. Fluctuations in poverty rates, with highs of 22.2% in 2013 and drops to 12.9% in 2019,... Read more
Average Taxable Income per Tax Return in Wayne County, IN over the last 9 years
Over the past nine years, Wayne County, Indiana has experienced a gradual increase in average taxable income per tax return. Starting at around $42,615.19 in 2013, it saw modest annual growth with some fluctuation, reaching approximately $55,682.35 by 2021. This upward trend might signal economic improvements, making the county potentially appealing for those considering investment or relocation. Analyzing these figures could be insightful for property developers and investors assessing the financial health and income stability of the local populace.
Average State and Local Income Taxes Per Tax Return in Wayne County, IN Over the Last 10 Years
In Wayne County, Indiana, the average state and local income taxes per tax return have significantly increased over the past decade. Notable jumps between 2017 and 2019, where taxes escalated from approximately $5,856.09 to $10,713.64, indicate growing fiscal demands. This trend could impact decisions for potential investors or residents considering tax implications on property and income. The steady rise, especially the spike seen in 2018, suggests a changing economic landscape, making it crucial for stakeholders to factor in tax liabilities when planning financial and property investments.
Average Total Tax Liability Per Tax Return in Wayne County, IN Over the Last 10 Years
Over the last decade, Wayne County, Indiana has seen fluctuations in average total tax liability per tax return, reaching a high of $8,134.62 in 2021. The numbers have mostly been hovering between $6,650.00 and $7,300.00 through the years, indicating variable economic factors possibly influencing resident taxes. For those considering investments or property development, this data could suggest changes in local financial health and economic trends that might affect future fiscal planning.
Cost of Living in Wayne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,036 | $1,311 | $1,978 | $1,211 | $1,027 |
| 1 adult 4 children | $1,036 | $1,071 | $1,513 | $1,211 | $1,082 |
| 2 adults 3 children | $1,036 | $1,071 | $1,716 | $1,211 | $837 |
| 1 adult 3 children | $1,036 | $874 | $1,251 | $1,211 | $859 |
| 2 adults 2 children | $835 | $877 | $1,454 | $1,059 | $766 |
| 1 adult 2 children | $835 | $655 | $989 | $1,059 | $662 |
| 2 adults 1 child | $835 | $693 | $1,192 | $564 | $708 |
| 1 adult 1 child | $835 | $448 | $727 | $564 | $578 |
| 2 adults | $637 | $557 | $930 | $0 | $590 |
| 1 adult | $558 | $304 | $465 | $0 | $474 |
Safety trends & Data
Wayne County, Indiana has witnessed fluctuating property crime trends over the past three years. Larceny-theft saw a significant peak at 59 arrests in 2019 before dropping to 30 in 2020. Burglary-related arrests remained minimal, ranging from 1-5 annually. Fraud and forgery rates were low and stable, while motor vehicle thefts consistently hovered around 4-5 arrests each year. These shifts in crime statistics may affect property security assessments and investment decisions in the... Read more
Property Crime Trends in Wayne County, IN Over the Last 3 Years
Wayne County, Indiana has seen varied trends in property crimes over the last three years. Larceny-theft consistently topped the charts, peaking at 59 arrests in 2019 but then dropping to 30 in 2020. Burglary numbers were minimal, with only 1-5 arrests annually. Notably, fraud and forgery numbers were relatively stable but generally low, indicating sporadic activity in these crime categories. Motor vehicle theft stayed constant, with 4-5 yearly arrests. Understanding these fluctuations helps stakeholders assess property security and influence investment decisions in Wayne County.
Demographics
Wayne County, Indiana, in 2022, has a slightly higher female adult population than male. The community displays varied educational attainment, though the majority hold a high school diploma or some college education. Age distribution reveals a balanced spread with notable peaks among residents aged 55-64. Racially, the county is predominantly White, with minor representation from Black or African American, Asian, and other races. This demographic mix can impact needs for educational resources,... Read more
Race Distribution in Wayne County, Indiana (2022)
Educational Attainment in Wayne County, Indiana (2022)
Age Distribution in Wayne County, Indiana
Citizen Population in Wayne County, Indiana (2022)
Political Trends & Data
Wayne County, Indiana, exhibited a pronounced conservative preference in the 2020 U.S. Presidential Election, with Republicans securing about 63.5% of the vote. Democrats lagged behind at roughly 34.4%, while Libertarians managed around 2.1%. The county's strong Republican inclination may impact local policies and political discussions, reflecting the community's broader political and social... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wayne County, Indiana, showed a distinct Republican tilt in the 2020 U.S. Presidential Election, with the party capturing roughly 63.5% of the vote. Democrats trailed at approximately 34.4%, reflecting a significant gap. The Libertarian party garnered around 2.1%, while the Green party and other parties received negligible support, collectively less than 1%. These numbers hint at a strong conservative leaning in the county, potentially influencing local policies and political discourse.
63.47% of voters voted for the Republican party in the 2020 Presidential Election
34.41% 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
0.05% 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
Wayne County, Indiana has seen its student-to-teacher ratio gradually improve from 16 students per teacher in 2014 to around 15 students per teacher in 2023, aligning closer to the national average of 14. For real estate agents and investors, this trend can hint at higher quality education, boosting the county's appeal to families. Appraisers and insurance agents might interpret this as a sign of community stability, influencing property values and insurance rates. Those considering moving to... Read more
Student-to-teacher ratio in Wayne County, Indiana over the last 10 years
Over the past decade, Wayne County, Indiana has seen a gradual decline in its student-to-teacher ratio, moving from 16 students per teacher in 2014 to approximately 15 students per teacher in 2023. This trend brings the county closer to the national average of 14 students per teacher. For real estate agents and potential investors, a lower student-to-teacher ratio can signal higher quality education, making the area more attractive to families. Appraisers and insurance agents might view this as an indicator of a stable and potentially up-and-coming community, influencing property values and insurance rates. For those interested in building or moving to Wayne County, the improved ratio suggests a commitment to education that might appeal to young families considering the area.
