Beltrami County Real Estate and Livability Trends
Beltrami County, Minnesota's real estate market might be signaling a period of economic growth. Average taxable income rose nearly 43% over nine years, indicating potential gains in property values. The median home value climbed from $148,800 in 2015 to $203,900 in 2022, still affordable compared to the statewide median of $286,800. Real estate taxes almost doubled, implying increased property... Read more
Beltrami County Market Trends
The median home value in Beltrami County, Minnesota, has experienced a steady increase from $148,800 in 2015 to $203,900 in 2022, presenting a potentially lucrative opportunity for investors given its relative affordability compared to the statewide median of $286,800. Intriguingly, the county's average residential energy tax credit per tax return has seen notable fluctuations, from $332.35 in... Read more
Median Value of Occupied Housing Units in Beltrami County, Minnesota Over the Last 8 Years
The median home value in Beltrami County, Minnesota has seen a steady rise over the past eight years, climbing from $148,800 in 2015 to $203,900 in 2022. While this upward trend is significant, it’s interesting to note that these values still lag behind state figures, which surged from $186,200 to $286,800 over the same period. Additionally, comparing to national trends, Beltrami County's 2022 median value of $203,900 is higher than the national median of $179,400. For those eyeing property investments, this hints at a relatively affordable entry point within the county compared to statewide options, albeit with a strong appreciation potential observed in recent years.
Residential Energy Tax Credit Per Tax Return in Beltrami County, MN Over the Last 9 Years
The average residential energy tax credit per tax return in Beltrami County, Minnesota has seen quite a bit of fluctuation over the past nine years, ranging from a low of $332.35 in 2016 to a remarkable spike at $2525.00 in 2018. This variability might reflect changes in local or federal policy, an increased adoption of energy-efficient technologies, or variations in the types of energy improvements undertaken by residents. For those considering investing or moving to the county, understanding these trends could provide insight into potential tax savings related to energy efficiency improvements. Real estate and insurance professionals might also find this data useful when advising clients on energy-efficient properties and their likely financial benefits.
Average Real Estate Taxes Per Tax Return in Beltrami County, MN Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Beltrami County, Minnesota, appear to have steadily increased from approximately $2,515.29 in 2012 to about $4,191.89 in 2021. This consistent rise suggests potential growth in property valuations or tax rate adjustments, making it worth considering for investors or those interested in property development. Higher taxes could indicate improved local amenities or infrastructure, which may appeal to prospective homebuyers. However, appraisal or insurance considerations might also come into play due to the increasing financial burdens on property owners.
Percentage of Farm Returns in Beltrami County, MN Over the Last 10 Years
Beltrami County, Minnesota has seen farm tax returns hover around the 3.5% mark over the last decade, with a slight decline from 3.74% in 2012 to approximately 3.39% by 2021. This indicates a stable but slightly tapering trend in agriculture-related filings, potentially highlighting ongoing shifts in local farming practices or economic conditions. For prospective investors, developers, or individuals considering moving to the area, understanding these dynamics could be crucial for assessing long-term agricultural viability and related economic opportunities.
Number of Mortgages by Occupancy Type in Beltrami County, MN Over the Last 5 Years in Beltrami County
Beltrami County, Minnesota reveals interesting mortgage trends, particularly a substantial fluctuation in the number of principal residence mortgages, peaking at 1578 in 2020 before tapering to 944 in 2022. Investment properties and second residences show less volatility but parallel minor declines. Shifts in occupancy type matter because they can influence property values, affect rental market dynamics, and shape insurance risk assessments. For investors and real estate agents, understanding these patterns can guide decisions on whether to focus on primary homes or more niche markets like vacation homes or rental properties.
Economic Outlook
Beltrami County, Minnesota, has seen nearly a 43% increase in average taxable income per tax return over the past nine years, rising from approximately $46,170.27 in 2013 to about $66,162.07 in 2021. This trend might suggest a growing economy and potential rises in property values. Additionally, the average state and local income taxes per tax return climbed significantly from $5,611.90 in 2012 to $14,054.43 in 2021, indicating escalating fiscal policies. Meanwhile, the average total tax... Read more
Average Taxable Income per Tax Return in Beltrami County, MN over the last 9 years
Beltrami County, Minnesota has shown a consistent upward trend in average taxable income per tax return over the past nine years, increasing from approximately $46,170.27 in 2013 to about $66,162.07 in 2021. This nearly 43% increase might suggest a growing economy and potentially rising property values in the area. For investors and real estate agents, the upward trend signals potentially lucrative opportunities, while insurance agents and appraisers might see implications in higher policy values and appraised property worth. For those considering a move to the county, this trend could reflect broader economic stability and quality of life improvements.
Average State and Local Income Taxes Per Tax Return in Beltrami County, MN Over the Last 10 Years
Over the past decade, Beltrami County, Minnesota has seen a significant rise in the average state and local income taxes per tax return, jumping from $5,611.90 in 2012 to $14,054.43 in 2021. This upward trend suggests escalating fiscal policies and may influence decisions for potential investors and residents considering the area for its economic landscape. If you're looking to build property, move, or invest in Beltrami County, these tax trends might be a critical factor to weigh in your financial planning.
Average Total Tax Liability Per Tax Return in Beltrami County, MN Over the Last 10 Years
Beltrami County, Minnesota, has seen a noticeable upward trend in the average total tax liability per tax return over the last decade. Starting at $6,670.80 in 2012, the average liability rose to $9,855.54 by 2021, reflecting increased costs or incomes that may impact investment decisions, property appraisals, and insurance rates. Such data can be crucial for those in real estate or anyone looking to move or invest in the county, indicating potential higher returns but also greater financial commitments.
Cost of Living in Beltrami County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,278 | $1,428 | $1,855 | $1,445 | $1,338 |
| 1 adult 4 children | $1,278 | $1,166 | $1,446 | $1,445 | $1,545 |
| 2 adults 3 children | $1,278 | $1,166 | $1,596 | $1,445 | $1,110 |
| 1 adult 3 children | $1,278 | $952 | $1,187 | $1,445 | $1,294 |
| 2 adults 2 children | $1,050 | $955 | $1,337 | $1,256 | $940 |
| 1 adult 2 children | $1,050 | $713 | $928 | $1,256 | $993 |
| 2 adults 1 child | $1,050 | $755 | $1,078 | $641 | $840 |
| 1 adult 1 child | $1,050 | $487 | $668 | $641 | $728 |
| 2 adults | $798 | $606 | $819 | $0 | $641 |
| 1 adult | $702 | $331 | $409 | $0 | $540 |
Safety trends & Data
Beltrami County, Minnesota has seen some shifts in property crime trends over the last five years. Larceny-theft remains common, but its frequency dropped from 510 incidents in 2018 to 457 in 2022. Burglary and vandalism have fluctuated, with a peak in burglary cases in 2019 at 35 incidents and vandalism hitting 48 that same year. Motor vehicle theft spiked to 38 cases in 2019 before dropping to 15 in 2022. Notably, fraud incidents have doubled from 2019 to 2022. Potential residents, investors,... Read more
Property Crime Trends in Beltrami County, MN Over the Last 5 Years
Beltrami County, Minnesota has experienced some notable fluctuations in property crime over the past five years. Larceny-theft consistently holds the highest incidence, though there has been a general decline from 510 in 2018 to 457 in 2022. Burglary and vandalism also saw variations, with burglary peaking at 35 incidents in 2019 and vandalism reaching 48 in the same year. Interestingly, motor vehicle theft significantly spiked in 2019 to 38, but has since decreased to 15 in 2022. Fraud cases display a concerning increase, doubling from 2019 to 2022. These trends are pertinent for potential residents, investors, and real estate professionals as they reflect the county’s evolving public safety landscape.
Demographics
Beltrami County, Minnesota exhibits a fairly balanced gender distribution among adults, but reveals educational attainment disparities with a notable concentration at the high school graduate level, followed by those with some college but no degree. The age distribution shows a spread across various age groups with a modest uptick in the 55 to 64 age bracket. In terms of racial diversity, the majority of residents identify as White, while a significant proportion identifies as American Indian... Read more
Race Distribution in Beltrami County, Minnesota (2022)
Educational Attainment in Beltrami County, Minnesota (2022)
Age Distribution in Beltrami County, Minnesota
Citizen Population in Beltrami County, Minnesota (2022)
Political Trends & Data
Beltrami County, Minnesota, leaned slightly Republican in the 2020 Presidential Election with just over 50% of the vote, while Democrats captured around 47%, pointing to a tight political race. Minor parties like the Libertarian and Green parties together drew only about 1.5% of the votes, indicating their limited sway locally. This vote pattern suggests a largely two-party system with some interest in third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Beltrami County in Minnesota exhibited a lean towards the Republican party in the 2020 U.S. Presidential Election, with just over 50% of the vote. Democrats trailed closely behind, capturing around 47%, suggesting a potentially competitive political landscape. Minor parties like the Libertarian and Green parties garnered minimal support, collectively receiving approximately 1.5% of the vote, which may indicate limited influence in this region. This distribution of votes hints at a predominantly two-party system with occasional third-party interest.
50.39% of voters voted for the Republican party in the 2020 Presidential Election
47.24% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
1.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Beltrami County, Minnesota's student-to-teacher ratio has seen fluctuations over the last decade, peaking at 20 students per teacher in 2018 but now stabilizing at around 15 in 2023. This trend could be a key consideration for potential movers and investors, as lower ratios are usually linked to perceived better quality education, impacting local property values and community appeal. Real estate agents, appraisers, and insurance agents might find these changes crucial for assessing property... Read more
Student-to-teacher ratio in Beltrami County, Minnesota over the last 10 years
Beltrami County, Minnesota's student-to-teacher ratio has fluctuated over the last decade, ranging from 12 in 2014 to a high of 20 in 2018. Recently, the ratio has stabilized closer to the current national average of 14 students per teacher with a count of 15 in 2023. This ebb and flow in student-to-teacher ratios could impact potential movers and investors by influencing local property values and community appeal, as schools with lower ratios are often perceived to provide better quality education. Real estate agents and appraisers might take these changes into account when assessing property values, and insurance agents could consider the stability of these ratios as an indicator of community growth and risk assessment. For those involved in educational development, it signals potential capacity and resource allocation challenges that might affect future infrastructure investments.
