Becker County Real Estate and Livability Trends
Becker County, Minnesota has experienced a substantial rise in median home values, climbing 42.63% from $175,000 in 2015 to $249,600 in 2022, outpacing national growth rates. Coupled with a significant increase in real estate taxes, this points to a hot market that might attract investors, despite potential challenges for homeowners. Interestingly, the local economy appears to be strengthening,... Read more
Becker County Market Trends
Over the last eight years, Becker County, Minnesota has experienced a notable 42.63% increase in median home values, rising from $175,000 in 2015 to $249,600 in 2022, outpacing national growth rates. Despite this growth, real estate taxes have surged from approximately $2,629.90 per tax return in 2012 to around $4,480.77 in 2021, suggesting a significant rise in property values and potential... Read more
Median Value of Occupied Housing Units in Becker County, Minnesota Over the Last 8 Years
The last eight years have seen a significant upward trend in median home values in Becker County, Minnesota, with prices rising from $175,000 in 2015 to $249,600 in 2022. This represents a 42.63% increase, which outpaces the national growth from $125,500 to $179,400 over the same period, and also demonstrates a slightly less aggressive rise compared to the state of Minnesota from $186,200 to $286,800. This surge in Becker County's housing market might appeal to investors or potential residents looking for promising appreciation, even though it still undercuts the state's more pronounced rise in property values.
Residential Energy Tax Credit Per Tax Return in Becker County, MN Over the Last 8 Years
Over the last eight years in Becker County, Minnesota, the average residential energy tax credit per tax return has shown considerable variation. While the credit peaked at approximately $705.88 in 2019 and maintained similar levels in 2021, there were noticeable dips, such as in 2017 when it dropped to around $506.25. This fluctuation in tax credits could reflect changes in energy efficiency investments or local policies affecting homeowner incentives. For investors, real estate agents, and others involved in the property market, these trends might imply shifting opportunities or challenges in the residential energy sector.
Average Real Estate Taxes Per Tax Return in Becker County, MN Over the Last 10 Years
Over the past decade, Becker County, Minnesota has seen a significant increase in average real estate taxes per tax return, rising from approximately $2,629.90 in 2012 to around $4,480.77 in 2021. This upward trend, especially notable from 2017 onwards, suggests an evolving local real estate market and potentially increased property values. Such data could be crucial for potential investors, real estate agents, and property developers assessing the financial landscape and long-term investment viability in the area.
Percentage of Farm Returns in Becker County, MN Over the Last 10 Years
Becker County, Minnesota has seen a general downward trend in farm tax return percentages over the past decade, starting at roughly 5.60% in 2012 and tapering to about 4.76% by 2021. This potentially indicates a decline in farming activities, which could influence land use development and investment opportunities in the county. For those considering building or investing in the area, this data may suggest a shift in economic activities, impacting property values and community planning. Understanding these patterns could be critical for making informed decisions regarding rural development and agricultural investments.
Number of Mortgages by Occupancy Type in Becker County, MN Over the Last 5 Years in Becker County
Becker County, Minnesota has demonstrated notable fluctuations in mortgage counts over the past five years. Principal residences dominate the market with values peaking at 2344 in 2020 and dipping to 1168 in 2022. Second residences and investment properties have seen modest variations but remain considerably lower than principal residences. These shifts in occupancy types matter as they suggest varying demand and investment opportunities, potentially informing investors, homebuyers, and real estate professionals about market stability and growth areas. Insurance agents and appraisers might also find these trends critical for risk assessment and property value estimation.
Economic Outlook
Over the last nine years, Becker County, Minnesota has seen a steady rise in the average taxable income per tax return, from $51,719.21 in 2013 to $73,060.54 in 2021. Significant jumps, particularly in 2019 and 2021, may indicate a strengthening local economy, making it potentially attractive for property investment. State and local income taxes have also risen notably, with an increase from an average of $7,850.26 in 2017 to $16,303.53 by 2021, hinting at economic shifts or policy changes.... Read more
Average Taxable Income per Tax Return in Becker County, MN over the last 9 years
Over the last nine years, Becker County, Minnesota has seen a progressive increase in the average taxable income per tax return. Starting at $51,719.21 in 2013, this figure rose steadily to $73,060.54 by 2021, suggesting potential economic growth and increased earning power among residents. Significant jumps, particularly in 2019 and 2021, offer valuable insights for potential investors, real estate agents, and appraisers assessing the area's economic landscape. This trend might hint at a strengthening local economy, making Becker County possibly appealing for property investment and development.
Average State and Local Income Taxes Per Tax Return in Becker County, MN Over the Last 10 Years
From 2012 to 2021, Becker County, Minnesota has seen a noticeable rise in state and local income taxes per tax return, with notable jumps after 2017. For example, the tax burden increased from an average of $7,850.26 in 2017 to $11,954.74 in 2018, and continued to rise, reaching $16,303.53 by 2021. This significant increase suggests a shift in economic conditions that could be influenced by local policy changes or regional economic growth, impacting residents and potential investors. Such trends are crucial for those considering relocation or investment in real estate, as they provide insight into the financial obligations one might face.
Average Total Tax Liability Per Tax Return in Becker County, MN Over the Last 10 Years
Becker County, Minnesota has experienced notable fluctuations in average total tax liability per tax return over the past decade. While 2013 and 2018 saw relatively stable figures hovering around $7,600.00 and $8,300.00, there was a significant spike in 2019 and 2021 when liabilities surged to $10,991.89 and $11,205.81 respectively. This upward trend might suggest an increased economic activity or higher average incomes, making it worthwhile for investors and property developers to consider the area. Given the potential for growing tax liabilities, both appraisers and insurance agents should account for these trends when advising clients.
Cost of Living in Becker County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,178 | $1,504 | $1,738 | $1,445 | $1,331 |
| 1 adult 4 children | $1,178 | $1,228 | $1,353 | $1,445 | $1,542 |
| 2 adults 3 children | $1,178 | $1,229 | $1,496 | $1,445 | $1,102 |
| 1 adult 3 children | $1,178 | $1,003 | $1,111 | $1,445 | $1,289 |
| 2 adults 2 children | $865 | $1,006 | $1,254 | $1,256 | $898 |
| 1 adult 2 children | $865 | $751 | $869 | $1,256 | $934 |
| 2 adults 1 child | $865 | $795 | $1,012 | $641 | $798 |
| 1 adult 1 child | $865 | $513 | $627 | $641 | $681 |
| 2 adults | $681 | $639 | $770 | $0 | $627 |
| 1 adult | $578 | $348 | $385 | $0 | $529 |
Safety trends & Data
In Becker County, Minnesota, property crimes have fluctuated over the past five years. Larceny-theft, the most reported crime, dropped dramatically from 153.00 cases in 2018 to 47.00 in 2022. Burglary incidents also declined from 20.00 in 2018 to 8.00 in 2022, while motor vehicle theft remained steady. Crimes like fraud and vandalism have varied, indicating a shifting landscape that could influence investor and resident... Read more
Property Crime Trends in Becker County, MN Over the Last 5 Years
In Becker County, Minnesota, there has been a notable fluctuation in property crimes over the past five years. Larceny-theft has consistently been the most reported crime, although it saw a significant drop from 153.0 cases in 2018 to just 47.0 in 2022. Similarly, burglary incidents have also generally declined from 20.0 in 2018 to 8.0 in 2022. There hasn't been a clear upward or downward trend for motor vehicle theft, remaining relatively constant. Crimes like fraud and vandalism have seen varied changes but remain less prevalent than larceny and burglary. These trends suggest a shifting landscape in property crime, which could influence decisions for potential investors, residents, and stakeholders in the county.
Demographics
Becker County, Minnesota, shows a relatively balanced gender distribution among adults, with a slight male majority. Educational attainment reveals a predominant number of high school graduates, though associate's and bachelor’s degree holders represent a significant segment. The age distribution hints at an aging population, with notable numbers in the 55-64 and 65-74 age brackets. The racial composition is predominantly White, with smaller yet present communities of American Indians and... Read more
Race Distribution in Becker County, Minnesota (2022)
Educational Attainment in Becker County, Minnesota (2022)
Age Distribution in Becker County, Minnesota
Citizen Population in Becker County, Minnesota (2022)
Political Trends & Data
In Becker County, Minnesota, the 2020 U.S. Presidential Election results exhibited a notable Republican lean, with candidates capturing approximately 64.1% of the vote. Democrats lagged behind, securing about 33.9%. Votes for Libertarian, Green, and other parties were minimal, all under 1%. This voting pattern suggests a largely conservative electorate, potentially influencing local policies and contributing to the region's real estate dynamics and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Becker County, Minnesota, the 2020 U.S. Presidential Election results showed a notable lean towards Republican candidates, who garnered roughly 64.1% of the vote. Democrats received around 33.9%, trailing behind by a significant margin. Votes for Libertarian and Green parties were minimal, each securing less than 1%, while other parties combined accounted for just under 1%. This distribution hints at a predominantly conservative voter base in this region.
64.11% of voters voted for the Republican party in the 2020 Presidential Election
33.96% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
0.88% of voters voted for the Other party in the 2020 Presidential Election
School Data
Becker County, Minnesota's student-to-teacher ratio has seen notable changes, peaking at 20 in 2018 before dropping to 12 in 2023, which is below the national average of 14. These fluctuations could influence local real estate values and decisions for families, indicating potential shifts in classroom sizes and educational resource allocation. This trend may also signal evolving demand for family-centric residential properties and services focused on education, enticing investors, developers,... Read more
Student-to-teacher ratio in Becker County, Minnesota over the last 10 years
Becker County, Minnesota has seen fluctuations in its student-to-teacher ratio over the past decade, with numbers ranging from 14 in 2015 to a peak of 20 in 2018. Recently, the ratio dropped significantly to 12 in 2023, which is now below the national average of 14 students per teacher. These changes could impact local real estate values and decisions for families considering moving to the area, as they reflect potential shifts in classroom sizes and educational resource allocation. For investors, developers, and real estate agents, these trends may suggest evolving demand for family-centric residential properties and services that cater to educational needs.
