Mitchell County Real Estate and Livability Trends
Mitchell County, Iowa's average taxable income has risen significantly from $63,885.86 in 2020 to $77,137.60 in 2021, hinting at potential economic growth that could attract investors and homebuyers. The county's median home values rose to $149,200 in 2022, still lower than Iowa's $181,600, suggesting affordable housing options. Real estate taxes increased from $1938.14 in 2012 to $3550.00 in... Read more
Mitchell County Market Trends
Mitchell County's median home values surged to $149,200 in 2022, still trailing behind Iowa's $181,600 and the national average of $179,400, signaling relatively affordable housing options. Residential energy tax credits in the county have fluctuated, peaking at $700.00 in 2019, hinting at changing priorities and incentives for energy efficiency that could influence property values. Real estate... Read more
Median Value of Occupied Housing Units in Mitchell County, Iowa Over the Last 8 Years
Mitchell County's median home values have seen a steady climb over the past eight years, with a sharp jump in 2022 reaching $149,200. This number is still significantly lower than both the Iowa state average of $181,600 and the national average of $179,400 for 2022. For potential investors and homeowners, this could imply that Mitchell County offers relatively affordable housing options in contrast to broader market trends.
Residential Energy Tax Credit Per Tax Return in Mitchell County, IA Over the Last 8 Years
Residential energy tax credits in Mitchell County, Iowa have shown significant variation over the last eight years. Notably, credits began at $242.86 in 2013 and oscillated with a peak at $700.00 in 2019. These fluctuations likely result from changes in tax laws, rebates, and incentives that can influence energy-efficient upgrades. For investors, appraisers, and real estate agents, this illustrates potential shifts in homeowner priorities and government support for energy efficiency, which could impact property values and attractiveness. For those looking to move to or develop property in the area, it could signal an evolving trend towards sustainability and energy savings in residential planning.
Average Real Estate Taxes Per Tax Return in Mitchell County, IA Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Mitchell County, Iowa have steadily increased from approximately $1938.14 in 2012 to about $3550.00 in 2021. This gradual rise, especially notable between 2018 and 2021, could be indicative of higher property values or possibly increased local tax rates. This trend may be relevant for potential investors, homebuyers, appraisers, and real estate agents assessing the financial landscape of the county.
Percentage of Farm Returns in Mitchell County, IA Over the Last 10 Years
Mitchell County, Iowa has seen a gradual decline in the percentage of farm tax returns over the last decade, moving from about 16.67% in 2012 to approximately 15.67% in 2021. Farm tax returns reflect the proportion of tax filings that originate from agricultural activities, serving as an indicator of the area's economic reliance on farming. For potential investors, developers, or residents, understanding this trend could imply shifts in the local economy, land use, and demographic patterns. The slight decrease may hint at diversification in economic activities or changing agricultural dynamics in the county.
Number of Mortgages by Occupancy Type in Mitchell County, IA Over the Last 5 Years in Mitchell County
Mitchell County, Iowa, shows a consistent dominance of principal residence mortgages over the last five years, with a peak in 2021 at 159. Investment properties and second residences have seen minimal activity, rarely surpassing five mortgages per year. These changes in occupancy type are relevant for potential investors and real estate agents, as they suggest a market predominantly driven by owner-occupied housing. Appraisers and insurers might also note this trend, as it typically correlates with lower risk profiles and steadier property values, offering a relatively stable environment for financial assessments and insurance products. For developers, this could imply a limited demand for non-primary housing options, impacting decisions on property developments and resource allocation.
Economic Outlook
Mitchell County, Iowa has seen a steady increase in average taxable income per tax return over the past nine years, jumping significantly from $63,885.86 in 2020 to $77,137.60 in 2021. This trend may indicate growing economic vitality, which could draw interest from investors, homebuyers, and developers. State and local income taxes have also risen, from $6,383.52 in 2012 to $11,117.65 in 2021, hinting at residents' increasing financial contributions towards local governance. Meanwhile, the... Read more
Average Taxable Income per Tax Return in Mitchell County, IA over the last 9 years
Over the past nine years, Mitchell County, Iowa has seen a general upward trend in average taxable income per tax return, with a notable jump from $63,885.86 in 2020 to $77,137.60 in 2021. This sustained increase, especially the significant spike in the latest year, may signal a growing economic vitality and improved earning potential which could be attractive for investors, homebuyers, and developers considering opportunities in the area.
Average State and Local Income Taxes Per Tax Return in Mitchell County, IA Over the Last 10 Years
In the past decade, Mitchell County, Iowa has seen a significant increase in state and local income taxes per tax return, climbing from $6,383.52 in 2012 to $11,117.65 in 2021. This upward trend suggests a growing financial commitment from residents towards local governance and services, which could impact decisions for those looking to invest, move, or develop property in the area. For current and prospective residents, the rise in taxes might reflect improved local infrastructure and amenities, but it's essential to weigh this against other factors in your decision-making process.
Average Total Tax Liability Per Tax Return in Mitchell County, IA Over the Last 10 Years
Over the past decade in Mitchell County, Iowa, average total tax liability per tax return has displayed notable fluctuations. Notably, there was a dip to $7,407.90 in 2018, followed by a steep increase reaching an all-time high of $11,169.31 in 2021. This variability might suggest economic shifts that could affect both current and potential residents, as well as investors considering the region. For those looking to build or invest in property, these trends underscore the importance of factoring in potential tax liabilities when evaluating financial commitments.
Cost of Living in Mitchell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $968 | $1,432 | $1,777 | $1,013 | $1,149 |
| 1 adult 4 children | $968 | $1,169 | $1,358 | $1,013 | $1,288 |
| 2 adults 3 children | $968 | $1,170 | $1,542 | $1,013 | $940 |
| 1 adult 3 children | $968 | $955 | $1,123 | $1,013 | $1,034 |
| 2 adults 2 children | $795 | $957 | $1,307 | $884 | $845 |
| 1 adult 2 children | $795 | $715 | $888 | $884 | $806 |
| 2 adults 1 child | $795 | $757 | $1,073 | $463 | $778 |
| 1 adult 1 child | $795 | $489 | $654 | $463 | $650 |
| 2 adults | $604 | $608 | $838 | $0 | $623 |
| 1 adult | $581 | $332 | $419 | $0 | $545 |
Safety trends & Data
Mitchell County, Iowa has experienced notable fluctuations in property crime over the past five years. Burglary incidents spiked significantly, peaking at 21 in 2020 but have since decreased. Larceny-theft has stayed relatively consistent, though peaking at 8 incidents in 2018. Meanwhile, motor vehicle theft, forgery, counterfeiting, and fraud reports have been relatively low and scattered. These trends could influence potential investors, homeowners, and real estate professionals when... Read more
Property Crime Trends in Mitchell County, IA Over the Last 5 Years
The property crime trends in Mitchell County, Iowa over the past five years show notable fluctuations, with a significant spike in burglary incidents peaking at 21 in 2020 before dropping to much lower numbers in subsequent years. Larceny-theft has remained fairly consistent year to year, though it too peaked at 8 incidents in 2018. Motor vehicle theft, forgery and counterfeiting, and fraud reports have been relatively low with a scattered occurrence pattern. The data suggests varying levels of property crime, which might be a consideration for potential investors, homeowners, and real estate professionals assessing risk and security measures in the area.
Demographics
Mitchell County, Iowa’s adult population is almost evenly split between males and females, reflecting a balanced gender distribution. The region shows a predominant number of residents with at least a high school education, but a smaller proportion holds bachelor's or higher degrees. Age distribution skews more towards the older demographics, with substantial portions in the 55-and-over brackets. Racial diversity appears limited, as the vast majority of the population identifies as white,... Read more
Race Distribution in Mitchell County, Iowa (2022)
Educational Attainment in Mitchell County, Iowa (2022)
Age Distribution in Mitchell County, Iowa
Citizen Population in Mitchell County, Iowa (2022)
Political Trends & Data
Mitchell County, Iowa, leaned predominantly Republican in the 2020 Presidential Election, with over 63% of votes potentially cast for the GOP and about 35% for Democrats. Minor parties like the Libertarians and Greens had negligible support, suggesting a limited influence of third parties in the area. This trend might indicate a strong Republican foothold in local political dynamics, potentially impacting local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mitchell County, Iowa, appeared to lean predominantly Republican in the 2020 U.S. Presidential Election, with over 63% potentially casting their votes for the GOP. While Democrats garnered about 35% of the vote, third parties like the Libertarians and Greens drew negligible support, suggesting a possibly low impact of minor parties in this region. These trends might indicate a strong Republican foothold in local political dynamics.
63.28% of voters voted for the Republican party in the 2020 Presidential Election
35.26% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Mitchell County, Iowa, has experienced fluctuations in its student-to-teacher ratio, generally aligning with the national average of 14 students per teacher. In 2017, the ratio dipped below this average, indicating potentially more personalized attention for students, but it has risen again in recent years, reaching around 15 students per teacher in 2023. These changes could reflect shifts in school enrollments, teacher hiring practices, or budget adjustments, factors that... Read more
Student-to-teacher ratio in Mitchell County, Iowa over the last 10 years
Over the past decade, the student-to-teacher ratio in Mitchell County, Iowa has shown some variability, generally hovering close to the national average, which is currently 14 students per teacher. In 2017, the ratio dipped below this average to approximately 14 students per teacher, indicating potentially more personalized attention for students during that period. However, recent years, including 2023, have seen the ratio rise again to around 15 students per teacher. These fluctuations might suggest changes in school enrollments, teacher hiring practices, or budget adjustments that could impact the quality of education—key factors that investors, residents, and real estate professionals might consider when evaluating the local market.
