Whitley County Real Estate and Livability Trends
Whitley County, Indiana has seen its median home value increase from $130,400.00 in 2015 to $189,800.00 in 2022, outpacing state and national growth. Rising real estate taxes indicate higher property values and better local infrastructure. Notably, energy tax credits peaked in 2018, hinting at major investments in energy-efficient upgrades. The decrease in farm tax returns may suggest a shift... Read more
Whitley County Market Trends
Whitley County, Indiana, has seen its median home value jump from $130,400 in 2015 to $189,800 in 2022, significantly outpacing state and national growth rates. The region's real estate taxes have nearly doubled over the past decade, suggesting both rising property values and enhanced local infrastructure funding. Notably, energy tax credits peaked in 2018, pointing to major investments in... Read more
Median Value of Occupied Housing Units in Whitley County, Indiana Over the Last 8 Years
The median home value in Whitley County, Indiana, experienced a remarkable uptick over the past eight years, from $130,400 in 2015 to $189,800 in 2022. This growth trajectory outpaced both the state and national averages. Indiana's statewide median value increased from $124,200 to $183,600, while the national median value went from $125,500 to $179,400 over the same period. Such trends suggest Whitley County could be an appealing choice for investors and prospective homeowners who are attracted to areas showing robust property value appreciation, potentially offering good returns on investment and enhanced community growth.
Residential Energy Tax Credit Per Tax Return in Whitley County, IN Over the Last 9 Years
Over the past nine years, Whitley County, Indiana, has seen notable fluctuations in the average residential energy tax credit per tax return. These credits spiked dramatically in 2018, reaching over $3,300.00, indicating possibly significant investments in energy-efficient upgrades during that year. Other years like 2013, 2014, and 2015 show more modest averages, generally between $576.60 and $654.90, with another peak in 2021 at approximately $975.86. Such data could suggest varying incentives, local policies, or economic factors influencing residents' decisions to claim energy tax credits. This trend may be important for potential investors, insurance agents, or anyone interested in energy-efficient initiatives in this region.
Average Real Estate Taxes Per Tax Return in Whitley County, IN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Whitley County, Indiana, have shown a steady increase from $1,531.49 in 2012 to $3,448.98 in 2021. Notably, there was a significant jump between 2017 and 2018, from $1,976.74 to $3,022.06. This trend suggests growing property values and potentially increased funding for local services or infrastructure. For investors and real estate professionals, these rising taxes might indicate a robust and developing market but also higher ownership costs. Those considering moving to the area should budget for these escalating expenses, and insurance agents might need to adjust their coverage estimates accordingly.
Percentage of Farm Returns in Whitley County, IN Over the Last 10 Years
Farm tax returns in Whitley County, Indiana have generally shown a slow decline over the past decade, with percentages dropping from around 4.14% in 2012 to roughly 3.26% in 2021. This trend may suggest shifting economic activities or demographic changes that potential investors, property developers, and residents should consider. Lower percentages of farm tax returns might indicate reduced agricultural activities or land being repurposed, which could impact future land values and the overall economic landscape of the county.
Number of Mortgages by Occupancy Type in Whitley County, IN Over the Last 5 Years in Whitley County
Whitley County, Indiana has seen varying trends in mortgage counts over recent years, largely dominated by principal residences. Investment properties and second residences have relatively low but steady counts compared to principal residences, suggesting a stable core residency. For potential investors and builders, the relatively low investment property counts imply less competition in that sector, while insurance agents and appraisers could note the consistency for risk and valuation purposes. Real estate agents and those moving to the area may find opportunities in the dominant principal residence market, highlighting the county as a stable place to settle long-term.
Economic Outlook
Over the past nine years, Whitley County, Indiana has seen a steady rise in average taxable income per tax return, climbing from about $51,428.56 in 2013 to approximately $69,806.88 in 2021. This uptick hints at a potentially growing economy and rising earning potential, attractive for both investors and new residents. Notably, from 2018 to 2021, incomes spiked, suggesting recent economic resilience. Coupled with significant increases in average state and local income taxes—from $4,680.60 in... Read more
Average Taxable Income per Tax Return in Whitley County, IN over the last 9 years
Over the past nine years, Whitley County, Indiana has seen a consistent increase in average taxable income per tax return, rising from approximately $51,428.56 in 2013 to around $69,806.88 in 2021. This upward trend suggests a potentially growing economy and higher earning potential, making the area an attractive destination for investors and new residents. The sharpest increase appeared between 2018 and 2021, indicating recent economic resilience or shifts. With increasing incomes, the county might appeal to those looking to build property or move, potentially raising property values over time.
Average State and Local Income Taxes Per Tax Return in Whitley County, IN Over the Last 10 Years
Over the past decade, Whitley County, Indiana has seen a significant increase in average state and local income taxes per tax return, jumping from $4,680.60 in 2012 to $10,326.92 in 2021. The most notable spikes occurred in 2018 and 2019, with values reaching $9,565.22 and $11,207.35, respectively. This trend highlights a sharp rise in tax rates, which is crucial for potential investors, new residents, or those planning property developments to consider as it directly affects the cost of living and potential returns on investment.
Average Total Tax Liability Per Tax Return in Whitley County, IN Over the Last 10 Years
Over the past decade, Whitley County, Indiana has seen a notable increase in average total tax liability per tax return. From $7,341.28 in 2012 to $10,323.73 in 2021, there's been a steady climb with some variability, such as the drop in 2018 and 2019. This upward trend might be indicative of rising incomes or changes in tax policy, potentially making the area a more dynamic environment for investments and economic activities. High or increasing tax liabilities could suggest stronger local economic conditions but could also impact the cost of living and property investments.
Cost of Living in Whitley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,107 | $1,319 | $1,924 | $1,587 | $1,219 |
| 1 adult 4 children | $1,107 | $1,077 | $1,480 | $1,587 | $1,325 |
| 2 adults 3 children | $1,107 | $1,078 | $1,665 | $1,587 | $1,018 |
| 1 adult 3 children | $1,107 | $880 | $1,221 | $1,587 | $1,096 |
| 2 adults 2 children | $869 | $882 | $1,406 | $1,397 | $887 |
| 1 adult 2 children | $869 | $659 | $962 | $1,397 | $855 |
| 2 adults 1 child | $869 | $697 | $1,147 | $778 | $813 |
| 1 adult 1 child | $869 | $450 | $703 | $778 | $672 |
| 2 adults | $708 | $560 | $888 | $0 | $637 |
| 1 adult | $627 | $305 | $444 | $0 | $523 |
Safety trends & Data
Whitley County, Indiana has experienced fluctuating property crime trends, especially in larceny-theft, which peaked at 47 incidents in 2019 but has generally decreased since then. Burglary saw a notable rise in 2021 with 10 cases, while vandalism and fraud incidents varied without clear trends. These dynamics might influence decisions for investors, real estate agents, and residents considering property values and crime rates in the... Read more
Property Crime Trends in Whitley County, IN Over the Last 5 Years
Over the past five years, Whitley County, Indiana has experienced fluctuating property crime trends, particularly with larceny-theft, which saw a spike in 2019 reaching 47 incidents but has mostly trended downwards since. Vandalism and fraud-related incidents have shown moderate increases and decreases across the years, without a clear trend. Notably, the county had a significant rise in burglary in 2021, with 10 cases. Such dynamics might influence decisions for prospective investors, real estate agents, and residents when considering property values and crime rates in the region.
Demographics
Whitley County, Indiana shows a nearly equal split between male and female adults. Educational attainment is quite varied, with a notable portion of the population having completed high school or some college but lacking a degree. The age distribution points to a balanced mix across various age groups, skewing slightly towards older adults aged 55 to 64. The overwhelming majority are White, suggesting limited racial diversity within the... Read more
Race Distribution in Whitley County, Indiana (2022)
Educational Attainment in Whitley County, Indiana (2022)
Age Distribution in Whitley County, Indiana
Citizen Population in Whitley County, Indiana (2022)
Political Trends & Data
Whitley County, Indiana, showed a strong Republican leaning in the 2020 U.S. Presidential Election, with close to 75% of votes possibly going to the GOP. The Democratic Party garnered less than 25%, and minor parties like the Libertarians and Greens had minimal support. This conservative dominance could imply a stable Republican voter base, with limited openings for alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Whitley County in Indiana leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly three-quarters of the votes potentially going to the GOP. The Democratic Party captured a little less than a quarter of the votes, while minor parties like the Libertarians and Greens saw very limited support. These patterns may hint at a solidly conservative base, with alternative voices struggling to gain significant traction.
73.26% of voters voted for the Republican party in the 2020 Presidential Election
24.12% of voters voted for the Democrat party in the 2020 Presidential Election
2.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.02% 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
In Whitley County, Indiana, the student-to-teacher ratio has seen notable fluctuations, peaking at about 20 students per teacher in 2016 before improving to around 15 by 2023, yet still sits above the national average of 14. These numbers could impact perceptions of school quality and community appeal, which might influence property values and risk assessments. For real estate developers and builders, such trends could also serve as a barometer for the demand for new family-friendly housing... Read more
Student-to-teacher ratio in Whitley County, Indiana over the last 10 years
The student-to-teacher ratio in Whitley County, Indiana has fluctuated significantly over the past decade, peaking at around 20 students per teacher in 2016 and dropping to approximately 15 by 2023. Although the most recent figures show an improvement, the ratios still hover above the current U.S. national average of 14 students per teacher. For investors, homebuyers, and real estate agents, a higher student-to-teacher ratio generally reflects larger class sizes, which may impact perceptions of school quality and community desirability. Appraisers and insurance agents should consider these ratios as they can influence property values and risk assessments. Moreover, developers and builders might find these trends useful for gauging demand for new family-friendly housing projects.
