Hendricks County Real Estate and Livability Trends
Hendricks County, Indiana's real estate market presents some intriguing dynamics. Median home values soared from $162,400 in 2015 to $257,700 in 2022, outpacing state and national trends, which may entice or deter potential homeowners depending on their budget. Real estate taxes climbing from $2,160.40 per return in 2012 to $3,611.60 by 2021 signal rising property costs, while fluctuating... Read more
Hendricks County Market Trends
Hendricks County, Indiana's real estate market has seen a significant rise in median home values from $162,400 in 2015 to $257,700 in 2022, outpacing both state and national growth rates. Real estate taxes have also steadily increased, from an average of $2,160.40 per return in 2012 to $3,611.60 by 2021, which may indicate higher property costs ahead. Notably, residential energy tax credits... Read more
Median Value of Occupied Housing Units in Hendricks County, Indiana Over the Last 8 Years
Hendricks County, Indiana saw a robust upward trend in median home values over the past eight years, escalating from $162,400 in 2015 to $257,700 in 2022. This trajectory outpaces both the state and national levels, with Indiana rising from $124,200 to $183,600 and the national median moving from $125,500 to $179,400 in the same period. Such significant growth may suggest strong demand and potentially lucrative returns for investors and developers, as well as escalating costs for prospective homeowners.
Residential Energy Tax Credit Per Tax Return in Hendricks County, IN Over the Last 9 Years
In Hendricks County, Indiana, residential energy tax credits per tax return have seen significant fluctuations over the past nine years. While the average hovered between $315.36 and $481.44 from 2013 to 2017, a notable spike occurred in 2018, reaching $2505.88. This anomaly might indicate a surge in energy-efficient home improvements or a temporary policy change. Although the average dropped sharply in 2019 to $677.97 and $567.42 in 2020, it showed a partial rebound in 2021 at $850.35. This pattern is crucial for investors, real estate agents, and homeowners to understand as it may reflect broader trends in energy efficiency investments and government incentives in the region.
Average Real Estate Taxes Per Tax Return in Hendricks County, IN Over the Last 10 Years
Real estate taxes in Hendricks County, Indiana have shown a consistent upward trend over the past decade. In 2012, the average tax per return stood at approximately $2,160.40, gradually increasing to around $3,611.60 by 2021. Notably, there was a significant jump between 2017 and 2018, with taxes rising by over $600. This steady rise could impact decisions for potential homebuyers, investors, and real estate professionals due to the increasing cost of property ownership in the area.
Percentage of Farm Returns in Hendricks County, IN Over the Last 10 Years
Farm tax returns in Hendricks County, Indiana have shown a steady decline over the past decade. Starting in 2012 with around 0.92%, the percentage has decreased almost every year, reaching approximately 0.63% in 2021. This decrease could suggest either a reduction in the number of farms or changes in the profitability and operations of existing farms. For investors, this trend may imply shifting economic opportunities or potential challenges in the local agricultural sector. Whether planning to invest in property, move, or simply understand local dynamics, noticing these shifts in farm economics provides valuable insights.
Number of Mortgages by Occupancy Type in Hendricks County, IN Over the Last 5 Years in Hendricks County
Over the last five years in Hendricks County, Indiana, there's been a noticeable shift in the types of properties being purchased with mortgages. The data show that the number of mortgages for principal residences has fluctuated, peaking in 2020 with 19,844 loans but dropping significantly to around 11,193 by 2022. Investment property mortgages show similar fluctuations, with a gradual decrease from 388 in 2020 to 313 in 2022. Second residences remain a small part of the market, maintaining less than 115 mortgages annually. These changes in occupancy type could impact various stakeholders. For potential investors, a decreasing trend in principal residence purchases might suggest a shifting market that could influence rental demand and property values. Appraisers and insurance agents need to be aware of these trends to accurately assess risk and value, while real estate agents can tailor their strategies based on the predominant mortgage types. For those looking to move to or build property in the county, understanding these trends can provide insights into market stability and growth potential.
Economic Outlook
Hendricks County, Indiana, has seen a marked rise in average taxable income per tax return, moving from $63,567.24 in 2013 to $85,094.14 by 2021, highlighting economic growth and increased affluence. The average state and local income taxes per tax return have surged from $5,085.16 in 2012 to $9,795.63 in 2021, indicating a higher tax burden which could be a consideration for new residents and investors. The county's total tax liability per tax return also climbed from $9,211.26 in 2012 to... Read more
Average Taxable Income per Tax Return in Hendricks County, IN over the last 9 years
Hendricks County, Indiana has seen a notable upward trend in the average taxable income per tax return over the past nine years. Starting from $63,567.24 in 2013, it has steadily increased to $85,094.14 by 2021. This steady rise could indicate robust economic growth and increasing affluence among residents, making it an attractive area for potential investors, new residents, and property developers.
Average State and Local Income Taxes Per Tax Return in Hendricks County, IN Over the Last 10 Years
Over the last decade, Hendricks County, Indiana, has experienced a significant increase in average state and local income taxes per tax return. In 2012, residents paid an average of $5,085.16, which steadily rose each year, peaking dramatically at $9,795.63 in 2021. This upward trend highlights a growing financial burden for taxpayers and suggests a shift in economic or fiscal policies within the county. For potential investors and new residents, this pattern underscores the importance of considering tax implications when evaluating the cost of living and business expenses in this region.
Average Total Tax Liability Per Tax Return in Hendricks County, IN Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Hendricks County, Indiana has shown a generally upward trend, rising notably from around $9,211.26 in 2012 to approximately $13,182.45 in 2021. This increase, particularly the sharp rise in the last couple of years, could be indicative of a growing economic base and higher incomes, making it potentially attractive for investors and those considering moving to the area. However, the fluctuations around 2017 and 2018 suggest there might have been external economic factors or policy changes worth investigating for a comprehensive understanding of the local fiscal environment.
Cost of Living in Hendricks County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,604 | $1,379 | $1,807 | $1,939 | $1,581 |
| 1 adult 4 children | $1,604 | $1,126 | $1,390 | $1,939 | $1,703 |
| 2 adults 3 children | $1,604 | $1,127 | $1,564 | $1,939 | $1,334 |
| 1 adult 3 children | $1,604 | $920 | $1,147 | $1,939 | $1,478 |
| 2 adults 2 children | $1,222 | $922 | $1,321 | $1,707 | $1,075 |
| 1 adult 2 children | $1,222 | $689 | $904 | $1,707 | $1,123 |
| 2 adults 1 child | $1,222 | $729 | $1,078 | $951 | $956 |
| 1 adult 1 child | $1,222 | $471 | $661 | $951 | $855 |
| 2 adults | $1,030 | $586 | $835 | $0 | $744 |
| 1 adult | $885 | $319 | $418 | $0 | $595 |
Safety trends & Data
Hendricks County, Indiana has experienced fluctuating property crime trends over the past five years, with larceny-theft peaking at 591.00 incidents in 2021. Burglary and motor vehicle theft also present notable figures, especially with motor vehicle theft reaching 50.00 cases in 2021. While embezzlement and forgery vary, they are not overwhelmingly dominant, and both vandalism and arson remain relatively low. This inconsistent crime data may influence investment choices, property valuations,... Read more
Property Crime Trends in Hendricks County, IN Over the Last 5 Years
Hendricks County, Indiana has seen fluctuating trends in property crimes over the past five years. Notably, larceny-theft consistently accounts for the highest number of incidents, peaking at 591.00 in 2021. Burglary, motor vehicle theft, and fraud also present notable figures, with motor vehicle theft reaching a high of 50.00 cases in 2021. Embezzlement and forgery show variable numbers, but neither is overwhelmingly dominant. Interestingly, vandalism and arson remain relatively low throughout. This variability in crime statistics impacts investment decisions, property appraisals, and insurance rates, making it crucial for stakeholders to monitor these trends closely.
Demographics
Hendricks County, Indiana exhibits an almost even gender split among adults. Educational attainment trends show a substantial number of residents have moved beyond high school, with a significant portion holding bachelor's or graduate degrees. Age distribution indicates a balanced mix across different age groups, suggesting a community with diverse life stages. The racial makeup is predominantly White, but there is some diversity with Black or African American residents making up the next... Read more
Race Distribution in Hendricks County, Indiana (2022)
Educational Attainment in Hendricks County, Indiana (2022)
Age Distribution in Hendricks County, Indiana
Citizen Population in Hendricks County, Indiana (2022)
Political Trends & Data
Hendricks County in Indiana might display strong Republican support, claiming around 61% of the vote in the 2020 Presidential Election. Democrats secured roughly 37%, with Libertarians capturing about 2%, and other candidates getting less than 1%. This could suggest a largely conservative voter base, though there's a minor, yet present, third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hendricks County in Indiana might display strong Republican support, with around 61% of the vote in the 2020 Presidential Election. Democrats managed to secure approximately 37%, while Libertarians garnered about 2%. Green Party and other candidates collectively received less than 1%. This could suggest a predominantly conservative voter base, with minor, yet present, third-party interest.
60.79% of voters voted for the Republican party in the 2020 Presidential Election
36.84% of voters voted for the Democrat party in the 2020 Presidential Election
2.32% 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
0.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Hendricks County, Indiana peaked at about 39 in 2015 and steadily declined to around 17 in 2023. Though still higher than the national average of 14, the narrowing gap could indicate changes in school policies, funding, or demographics. For real estate investors and those planning to move, a decreasing ratio might suggest improving education quality, potentially boosting the area's appeal to... Read more
Student-to-teacher ratio in Hendricks County, Indiana over the last 10 years
The student-to-teacher ratio in Hendricks County, Indiana has shown notable fluctuation over the last decade, peaking at about 39 in 2015 and then steadily declining to approximately 17 in 2023. Compared to the national average of 14 students per teacher, Hendricks County has consistently higher ratios, although the gap has been narrowing recently. These changes could signal evolving school policies, funding variations, or demographic shifts, all of which are critical considerations for real estate investors, appraisers, and those planning to move into or build property in the area. A decreasing student-to-teacher ratio might imply improving education quality, potentially enhancing the area's appeal to families.
