Johnson County Real Estate and Livability Trends
Johnson County, Illinois is experiencing ongoing economic growth, with average taxable incomes rising from $47,828.25 in 2013 to $61,049.29 in 2021, pointing to a bolstering local economy and potential increase in property values. The county has seen median home values jump from $93,100 in 2015 to $141,200 in 2022, suggesting development, though it remains below state and national averages,... Read more
Johnson County Market Trends
Johnson County, Illinois, has seen a significant increase in median home values from $93,100 in 2015 to $141,200 in 2022, suggesting ongoing development and growth in the region. However, this growth still trails behind state and national averages, presenting a potential opportunity for those seeking affordability. The county has also experienced considerable fluctuations in Residential Energy... Read more
Median Value of Occupied Housing Units in Johnson County, Illinois Over the Last 8 Years
Johnson County, Illinois has experienced a substantial increase in median home values over the past eight years, with prices climbing from $93,100 in 2015 to $141,200 in 2022. This localized growth, while significant, still trails behind the broader state and national figures, given Illinois saw median home values rise from $173,800 to $239,100 in the same period, and the U.S. overall jumped from $125,500 to $179,400. Investors and homebuyers looking at Johnson County might find the area particularly appealing due to its relative affordability compared to state and national averages, coupled with a steady upward trend in property value which might point to ongoing development and growth in the region.
Residential Energy Tax Credit Per Tax Return in Johnson County, IL Over the Last 8 Years
Johnson County, Illinois, has seen significant fluctuations in the average Residential Energy Tax Credit per tax return over the past eight years. Notably, in 2016, the credit reached a high of approximately $542.86, but then dipped again in 2017 to $400. However, 2019 and 2020 showed substantial increases, reaching near $880.00 and then spiking to approximately $1483.33, suggesting a potential rise in energy-efficient home investments or legislative changes favoring such credits. These trends might catch the eye of investors and property developers considering the benefits of energy-efficient home improvements in the area, as well as appraisers and insurance agents who may see value fluctuations tied to these home upgrades.
Average Real Estate Taxes Per Tax Return in Johnson County, IL Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Johnson County, Illinois, have shown a notable upward trend, more than doubling from $2,526.32 in 2012 to $4,830.77 in 2021. A significant spike occurred between 2017 and 2018, with taxes surging from $3,271.60 to $4,233.33. This consistent rise may reflect increasing property values or changes in local tax policies, which are crucial for potential investors and homeowners to consider. Those in real estate or involved in property development in Johnson County should analyze these trends carefully, as they can significantly impact long-term financial planning and property valuations.
Percentage of Farm Returns in Johnson County, IL Over the Last 10 Years
Over the last decade, Johnson County, Illinois has seen variances in the percentage of farm tax returns, with figures roughly hovering between 10.65% and 8.65%. Notable dips occurred in 2019 at 9.92% and 2020 at 8.65%, while peak percentages appeared around 2018 at approximately 11.18%. Farm tax returns represent the portion of total tax filings that come from farm operations, potentially indicating agricultural activity levels and economic health within the county. For prospective investors or those interested in agriculture, these figures could signal fluctuations in farming viability and opportunities.
Number of Mortgages by Occupancy Type in Johnson County, IL Over the Last 5 Years in Johnson County
In Johnson County, Illinois, there's been a noticeable ebbs and flows in the volume of mortgages across different occupancy types over the past five years. Mortgages for principal residences have consistently seen the highest numbers, peaking at 460 in 2020, but have since declined to 315 by 2022. Similarly, second residences saw a peak in 2020 with 71 mortgages and dipped down to 37 by 2022. Investment property mortgages, while seeing less volatility, hovered below 21 annually. This shift in occupancy type influence decisions for investors targeting stable markets, potential residents assessing community growth, appraisers noting market fluctuations for valuation accuracy, and insurers calculating risk. Understanding these trends can provide strategic insights for anyone involved in the Johnson County real estate market.
Economic Outlook
Johnson County, Illinois has shown consistent economic growth, with average taxable income per tax return rising from $47,828.25 in 2013 to $61,049.29 in 2021. This could indicate a strengthening local economy and potential for increased property values. The county has also experienced a notable increase in average state and local income taxes, jumping from $4,435.63 in 2012 to $9,170.00 in 2021, which may reflect shifts in fiscal policy and higher governmental tax revenue. The average total... Read more
Average Taxable Income per Tax Return in Johnson County, IL over the last 9 years
Over the last nine years, Johnson County, Illinois has exhibited a consistent growth in average taxable income per tax return. Starting at $47,828.25 in 2013, the average income rose to $61,049.29 in 2021, highlighting a steady economic improvement. This upward trend is particularly significant for those considering investment or relocation, as it may suggest a strengthening local economy and potential for increased property values and financial stability in the area.
Average State and Local Income Taxes Per Tax Return in Johnson County, IL Over the Last 10 Years
Johnson County, Illinois has seen a dramatic increase in average state and local income taxes per tax return over the past decade, soaring from $4,435.63 in 2012 to $9,170.00 in 2021. This upward trend indicates a significant shift in the fiscal landscape, with notable spikes in recent years, particularly from 2018 onwards. The data suggests higher governmental tax revenue which could impact decisions for potential investors, new residents, and property developers considering the area.
Average Total Tax Liability Per Tax Return in Johnson County, IL Over the Last 10 Years
Over the last decade, Johnson County, Illinois has seen a fluctuating trend in average total tax liability per tax return, starting at $5,898.93 in 2012 and rising to $7,675.63 in 2021. Notable peaks around 2017 and in the last two years suggest economic changes or shifts in tax policy that could influence financial planning decisions. Investors and property developers might see these figures as indicative of evolving economic vitality, which can affect property values and business opportunities. Those considering moving to or doing business in Johnson County should keep an eye on continued tax liability trends, as these could impact overall living and operational costs.
Cost of Living in Johnson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,065 | $1,383 | $2,913 | $1,110 | $1,618 |
| 1 adult 4 children | $1,065 | $1,130 | $2,244 | $1,110 | $1,640 |
| 2 adults 3 children | $1,065 | $1,130 | $2,519 | $1,110 | $1,331 |
| 1 adult 3 children | $1,065 | $923 | $1,850 | $1,110 | $1,342 |
| 2 adults 2 children | $875 | $925 | $2,126 | $999 | $1,126 |
| 1 adult 2 children | $875 | $691 | $1,456 | $999 | $1,056 |
| 2 adults 1 child | $875 | $731 | $1,732 | $641 | $1,052 |
| 1 adult 1 child | $875 | $472 | $1,063 | $641 | $834 |
| 2 adults | $669 | $587 | $1,338 | $0 | $820 |
| 1 adult | $592 | $320 | $669 | $0 | $621 |
Demographics
In Johnson County, Illinois, males make up around 59% of the adult population, suggesting a notable gender imbalance. The educational landscape is diverse, with roughly 26% having some college experience but no degree and only about 4% achieving graduate or professional degrees, indicating potential areas for educational investment. Age distribution trends show a relatively even spread across various age brackets, though there's a sizeable population in the 25–34 and 55–64 demographics,... Read more
Race Distribution in Johnson County, Illinois (2022)
Educational Attainment in Johnson County, Illinois (2022)
Age Distribution in Johnson County, Illinois
Citizen Population in Johnson County, Illinois (2022)
Political Trends & Data
Johnson County, Illinois, exhibited strong Republican leaning in the 2020 U.S. Presidential Election, with about 79% voting Republican, compared to 20% for Democrats. Minor parties like the Libertarians and Greens barely made a dent, pulling around 0.8% and 0.6% respectively, highlighting the county's conservative tilt and minimal shift toward third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Johnson County, Illinois, presented notable voting tendencies in the 2020 U.S. Presidential Election. It seems to show a strong Republican inclination, with an approximate 79% of the vote, while Democrats secured around 20%. Minor parties like the Libertarian and Green parties garnered minimal support, hovering around 0.8% and 0.6% respectively. This distribution might suggest a predominantly conservative electorate with limited diversification toward third-party options.
78.59% of voters voted for the Republican party in the 2020 Presidential Election
19.90% of voters voted for the Democrat party in the 2020 Presidential Election
0.82% of voters voted for the Livertarian party in the 2020 Presidential Election
0.57% of voters voted for the Green party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Johnson County, Illinois boasts a student-to-teacher ratio that has recently trended downward to around 13 students per teacher, which is better than the national average of 14. This could be a factor to note for prospective homebuyers and real estate investors, as smaller class sizes often imply a higher quality of education, potentially adding appeal to properties in the area. This trend might also influence property values, making Johnson County a more attractive option for families... Read more
Student-to-teacher ratio in Johnson County, Illinois over the last 9 years
Johnson County, Illinois has seen fluctuations in its student-to-teacher ratio over the past nine years, peaking in 2017 at nearly 15 students per teacher but trending downwards to approximately 13 students per teacher in recent years. Comparatively, it's on par or slightly better than the national average of 14 students per teacher. This lowering trend might be beneficial for prospective homebuyers, real estate investors, or those moving to the area as it suggests smaller class sizes and potentially more individualized attention for students. For real estate agents and appraisers, this may influence property values as families prioritize quality education environments. Additionally, insurance agents and property developers might consider these trends when assessing the desirability and risk profile of the area.
