Aitkin County Real Estate and Livability Trends
Aitkin County, Minnesota is experiencing notable real estate and economic trends. Median home values have risen from $166,400 in 2015 to $222,100 in 2022, suggesting increasing property values that remain below the state average of $286,800. Increased average taxable incomes, climbing from $44,818.47 in 2013 to $65,698.75 in 2021, alongside higher local and state tax liabilities, may reflect... Read more
Aitkin County Market Trends
Median home values in Aitkin County, Minnesota have steadily increased over the last eight years, from $166,400 in 2015 to $222,100 in 2022, which is lower than the state average of $286,800 but above the national average of $179,400. This discrepancy may suggest affordability for buyers and investors within the state. Residential energy tax credits have fluctuated, peaking at $975.00 per return... Read more
Median Value of Occupied Housing Units in Aitkin County, Minnesota Over the Last 8 Years
Median home values in Aitkin County, Minnesota have seen a steady increase over the last eight years, rising from $166,400 in 2015 to $222,100 in 2022. While this growth trend generally aligns with broader national and state trends, Aitkin County's median home values remain lower than the Minnesota state average, which reached $286,800 in 2022. This disparity potentially presents an opportunity for buyers and investors seeking more affordable property options within the state. Additionally, Aitkin County's values have outpaced the national average, which was $179,400 in 2022, indicating strong local market conditions that could appeal to those looking for investment opportunities beyond major metropolitan areas.
Residential Energy Tax Credit Per Tax Return in Aitkin County, MN Over the Last 8 Years
Residential energy tax credits in Aitkin County, Minnesota have seen notable fluctuations over the past eight years, with values ranging from $350.00 to $975.00 per tax return. One significant spike occurred in 2019, hitting $975.00, suggesting a possible increase in energy-efficient home improvements or installations. More recently, the credit averaged $707.69 in 2021, indicating a resurgence in energy-efficient investments. This trend may suggest a growing emphasis on sustainable living and energy savings among residents, which could be appealing to potential investors, builders, and real estate professionals looking into this region.
Average Real Estate Taxes Per Tax Return in Aitkin County, MN Over the Last 10 Years
The real estate tax data for Aitkin County, Minnesota, over the last decade shows a general upward trend, starting at approximately $1,913.51 in 2012 and reaching a peak of about $3,541.86 in 2020 before slightly dipping in 2021 to $3,446.15. This rise in real estate taxes may suggest increased property values or changes in tax policy, both of which could impact decisions for potential investors, homebuyers, and developers. Real estate agents, appraisers, and insurance agents might find these trends relevant when assessing current and future market conditions in the county.
Percentage of Farm Returns in Aitkin County, MN Over the Last 10 Years
Aitkin County, Minnesota has seen modest fluctuations in its percentage of farm tax returns over the past decade, with a slight overall decline. In 2012, farm tax returns made up roughly 5.54% of the total, while by 2021, this percentage had decreased to about 4.32%. This trending pattern might suggest a gradual reduction in farm-based economic activities or a potential shift towards other forms of land use and development within the county. For those considering investments or property development, the decrease in farm returns could imply opportunities for diversifying investments into other sectors or potential for development in previously farm-dominated areas. The farm tax returns here are a gauge of how many individuals or entities file taxes for agricultural income, thus reflecting the economic weight of farming within the region. Understanding these trends can provide valuable insight for making informed decisions related to land use and economic planning.
Number of Mortgages by Occupancy Type in Aitkin County, MN Over the Last 5 Years in Aitkin County
Aitkin County, Minnesota, has exhibited fluctuating trends in mortgage activity across occupancy types over the last five years. Notably, there was a sharp increase in second residence mortgages from 306 in 2018 to 608 in 2020, before a significant dip to 218 in 2022. Principal residence mortgages have also seen variation, peaking at 968 in 2021. These shifts in occupancy type are crucial for potential investors and real estate agents, as they may signal changing preferences or economic conditions influencing where and how people choose to live or invest. Additionally, for appraisers and insurance agents, understanding these trends can help in accurately assessing property values and associated risks in the area. For developers and builders, recognizing the demand for different property types can guide future construction projects to better meet local housing needs.
Economic Outlook
Aitkin County, Minnesota has seen a steady rise in average taxable income per tax return, from around $44,818.47 in 2013 to about $65,698.75 by 2021, which could point to economic growth and potentially higher earning opportunities. State and local income taxes per tax return have also increased notably, indicating rising incomes or tax policy changes, reaching $11,108.11 by 2021 from $5,141.21 in 2012. Average total tax liability per tax return grew from approximately $5,897.00 in 2012 to... Read more
Average Taxable Income per Tax Return in Aitkin County, MN over the last 9 years
Aitkin County, Minnesota has experienced a steady rise in average taxable income per tax return over the past nine years. Starting at approximately $44,818.47 in 2013, the average taxable income grew to around $65,698.75 by 2021. This gradual increase could indicate economic growth and potentially higher earning opportunities in the area. For investors, real estate agents, and property developers, the uptick in taxable income might suggest a promising market with increasing consumer spending power. Additionally, insurance agents and appraisers may find this trend relevant as higher incomes can correlate with higher property values and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Aitkin County, MN Over the Last 10 Years
Over the past decade, Aitkin County, Minnesota has seen a notable upward trend in state and local income taxes per tax return, starting from approximately $5,141.21 in 2012 and rising to $11,108.11 by 2021. This considerable increase could hint at rising incomes or changes in tax policies, making it a critical consideration for potential investors and current residents. Such data might influence decisions related to property investments, relocations, and financial planning.
Average Total Tax Liability Per Tax Return in Aitkin County, MN Over the Last 10 Years
Over the past decade, Aitkin County, Minnesota has experienced an increase in average total tax liability per tax return, growing from about $5,897.00 in 2012 to approximately $9,142.41 in 2021. This upward trend reflects potential changes in economic activity, property values, or local tax policies. For investors, property developers, and real estate agents, this could signal a strengthening market and opportunities for growth. Appraisers and insurance agents might want to consider the rising tax liabilities when assessing property values and risks. Residents and those considering moving to Aitkin County should be aware of the increasing tax commitments which could affect cost of living calculations.
Cost of Living in Aitkin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,134 | $1,584 | $1,855 | $1,589 | $1,491 |
| 1 adult 4 children | $1,134 | $1,294 | $1,446 | $1,589 | $1,690 |
| 2 adults 3 children | $1,134 | $1,294 | $1,596 | $1,589 | $1,236 |
| 1 adult 3 children | $1,134 | $1,057 | $1,187 | $1,589 | $1,428 |
| 2 adults 2 children | $847 | $1,060 | $1,337 | $1,384 | $995 |
| 1 adult 2 children | $847 | $791 | $928 | $1,384 | $1,051 |
| 2 adults 1 child | $847 | $837 | $1,078 | $717 | $862 |
| 1 adult 1 child | $847 | $541 | $668 | $717 | $736 |
| 2 adults | $643 | $673 | $819 | $0 | $646 |
| 1 adult | $632 | $367 | $409 | $0 | $551 |
Safety trends & Data
Aitkin County, Minnesota, has experienced fluctuating property crime trends over the past five years. Burglary arrests peaked in 2020 with 13.0 arrests, while larceny-theft hit a high in 2019 with 16.0 incidents. Vandalism mostly stayed steady but spiked to 10.0 arrests in 2020, and fraud saw its most significant surge in 2019 with 13.0 arrests. These sporadic increases might impact property values and insurance rates, offering critical insights for investors and real estate... Read more
Property Crime Trends in Aitkin County, MN Over the Last 5 Years
Over the past five years, Aitkin County, Minnesota, has seen fluctuating property crime trends. Notably, burglary peaked in 2020 with 13.0 arrests, significantly above other years, while larceny-theft arrests saw a high in 2019 with 16.0 incidents. Vandalism arrests remained relatively steady but spiked to 10.0 in 2020. Fraud experienced the most notable surge in 2019 with 13.0 arrests but otherwise stayed low. Investors and real estate agents might note the sporadic increases in certain crime types, which could influence property values and insurance rates in the area.
Demographics
Aitkin County, Minnesota's adult population in 2022 was nearly evenly split by gender, with males slightly outnumbering females. The county's educational attainment shows a significant portion having graduated high school or achieved some college education, although higher education degrees are less common. Age distribution skews towards an older population, with a notable proportion over 55 years, highlighting potential age-related service needs. The racial demographic remains predominantly... Read more
Race Distribution in Aitkin County, Minnesota (2022)
Educational Attainment in Aitkin County, Minnesota (2022)
Age Distribution in Aitkin County, Minnesota
Citizen Population in Aitkin County, Minnesota (2022)
Political Trends & Data
Aitkin County, Minnesota, appears to lean conservative based on the 2020 U.S. Presidential Election results, with around 62.4% of the vote going to the Republican candidate and about 35.98% to the Democrat. Third-party candidates seemed to have minimal impact, collectively garnering less than 1% of the vote. This likely highlights a dominant conservative influence in the local political landscape, possibly affecting community policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Aitkin County, located in Minnesota, seemed to lean Republican in the 2020 U.S. Presidential Election, with an estimated 62.4% of the vote going to the Republican candidate. The Democrat candidate likely trailed behind, securing around 35.98% of the votes. Minor parties such as the Libertarian and Green parties, and other candidates, appeared to capture only a small fraction of the electorate, each gaining less than 1% of the vote. These figures might indicate a strong conservative tilt in this region, with limited support for third-party options.
62.42% of voters voted for the Republican party in the 2020 Presidential Election
35.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.55% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
0.81% of voters voted for the Other party in the 2020 Presidential Election
School Data
Aitkin County, Minnesota has seen its student-to-teacher ratio fluctuate below the national average over the past decade, dipping to around 11 students per teacher in years like 2015 and 2016. This suggests a period of more personalized attention to students, potentially making it attractive for education-focused families. However, the ratio spiked to over 14 in 2021, possibly raising concerns about classroom crowding and resource allocation. This trend could influence decisions for potential... Read more
Student-to-teacher ratio in Aitkin County, Minnesota over the last 10 years
Aitkin County, Minnesota has seen fluctuations in its student-to-teacher ratio over the past decade, with values generally well below the national average of 14 students per teacher until the upward spike in 2021 and 2022. In years like 2015 and 2016, the ratio dipped to around 11 students per teacher, suggesting more personalized attention to students, a potential draw for families prioritizing education. However, the spike to over 14 in 2021 might raise questions about classroom crowding and resource allocation, which could impact decisions for potential residents, investors, and educational planners.
