Big Stone County Real Estate and Livability Trends
Big Stone County, Minnesota has seen a jump in average taxable income per tax return, rising from $51,984.74 in 2013 to $64,699.60 in 2021. This sort of financial growth might imply increasing property values and a robust economic base, making the area attractive for real estate investments. The local housing market also saw median home values go from $94,900 in 2015 to $115,000 in 2022, though... Read more
Big Stone County Market Trends
Big Stone County, Minnesota's housing market has seen a gradual increase in median home values, from $94,900 in 2015 to $115,000 in 2022, lagging behind Minnesota’s and national averages. Real estate taxes have trended upward, peaking at $2,950.00 in 2020, which may reflect rising property values or changing tax rates. Around 15.00% to 16.33% of tax returns are from farm income, hinting at a... Read more
Median Value of Occupied Housing Units in Big Stone County, Minnesota Over the Last 8 Years
Over the past eight years, the median value of occupied housing units in Big Stone County, Minnesota has shown a mostly gradual increase, starting at $94,900 in 2015 and reaching $115,000 in 2022. This upward trend has been relatively muted compared to Minnesota as a whole, where the median value jumped from $186,200 to $286,800 during the same period. Nationally, the median value also rose significantly from $125,500 to $179,400. These figures suggest that while Big Stone County offers more affordable housing, its growth rate is trailing behind both state and national averages, potentially making it an appealing location for budget-conscious buyers or investors.
Residential Energy Tax Credit Per Tax Return in Big Stone County, MN Over the Last 6 Years
Residential energy tax credits in Big Stone County, Minnesota have shown some fluctuations over the last six years but generally hover around the $200.00 mark, with notable spikes. The most significant increase occurred in 2014, where the average credit per tax return peaked at approximately $414.29. In 2015, this dropped to $183.33 before stabilizing around $200.00, and then saw a slight rise to $250.00 in 2019. These trends potentially indicate periods of increased energy-efficient investments or changes in tax policy, making this a potentially interesting area for investors and homeowners considering energy upgrades.
Average Real Estate Taxes Per Tax Return in Big Stone County, MN Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Big Stone County, Minnesota have seen moderate fluctuations with a notable upward trend. Starting at approximately $1,789.74 in 2012, taxes slightly declined before steadily increasing to peak at $2,950.00 in 2020, followed by a slight dip to $2,825.00 in 2021. This trajectory may be indicative of rising property values or changes in county tax rates, factors that investors, homeowners, and real estate professionals should closely monitor.
Percentage of Farm Returns in Big Stone County, MN Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Big Stone County, Minnesota has generally hovered around 15.00% to 16.33%. This metric represents the proportion of tax filings that are attributed to farm income, a critical indicator for gauging the agricultural dependency and economic health of the county. Investors and potential residents might find this data relevant as it reflects the stability and presence of the farming sector, which can impact land value, local economy, and community demographic trends. The slight fluctuations in these percentages suggest a relatively consistent agricultural activity, although there is a slight downward trend in more recent years, indicating potential shifts in the local economic landscape.
Number of Mortgages by Occupancy Type in Big Stone County, MN Over the Last 5 Years in Big Stone County
Over the past five years, principal residence mortgages in Big Stone County, Minnesota, have consistently dominated, peaking at 177 in 2021. Meanwhile, second residence loans saw a notable rise, especially from 2019 to 2021, reflecting possibly growing interest in vacation properties or secondary homes. Investment properties, though fewer in numbers, had a modest increase, signaling a parameter which might interest investors looking for emerging trends. These shifts in mortgage types could impact property values and local economies, providing a dynamic overview for those contemplating investments, relocation, or appraisals in Big Stone County. People involved in real estate or insurance may see these trends affecting demand and risk assessments.
Economic Outlook
Big Stone County, Minnesota has experienced a considerable increase in average taxable income per tax return, jumping from $51,984.74 in 2013 to $64,699.60 in 2021. Such financial growth could imply rising property values and a solid economic base, making the area a hotspot for real estate investments. This upward trend in income may also indicate higher demand for housing, appealing to both appraisers and insurance agents. Meanwhile, fluctuating state and local income taxes, peaking at... Read more
Average Taxable Income per Tax Return in Big Stone County, MN over the last 9 years
Big Stone County, Minnesota has seen a noticeable upward trend in average taxable income per tax return over the past nine years, with a significant jump from $51,984.74 in 2013 to $64,699.60 in 2021. This financial growth may offer promising opportunities for real estate investments and new developments, suggesting a strengthening economic base. For appraisers and insurance agents, this trend could imply higher property values and robust market potential. This income growth is an interesting factor for new residents and local stakeholders to consider, highlighting Big Stone County’s growing affluence.
Average State and Local Income Taxes Per Tax Return in Big Stone County, MN Over the Last 10 Years
Over the past decade, Big Stone County, Minnesota has seen a generally fluctuating trend in state and local income taxes per tax return, with notable peaks in 2013 at $9008.89, 2019 at $9375.00, and a significant rise in 2021 reaching $10914.29. These variations might reflect changes in local economic conditions, tax policies, or shifts in the demographic profile of taxpayers. This dynamic tax landscape could be crucial for potential investors, developers, and residents looking to understand the financial commitments and economic health of the area.
Average Total Tax Liability Per Tax Return in Big Stone County, MN Over the Last 10 Years
Over the past decade, Big Stone County, Minnesota has seen fluctuations in the average total tax liability per tax return. After a notable decrease from $8,474.46 in 2012 to $7,058.72 in 2019, it then spiked to $9,152.58 in 2021. This trend may suggest shifts in income levels, property values, or tax policy changes, providing valuable insights for investors, real estate agents, and those considering moving to the area.
Cost of Living in Big Stone County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,432 | $1,799 | $1,445 | $1,315 |
| 1 adult 4 children | $1,174 | $1,169 | $1,401 | $1,445 | $1,525 |
| 2 adults 3 children | $1,174 | $1,170 | $1,548 | $1,445 | $1,088 |
| 1 adult 3 children | $1,174 | $955 | $1,150 | $1,445 | $1,273 |
| 2 adults 2 children | $826 | $957 | $1,297 | $1,256 | $873 |
| 1 adult 2 children | $826 | $715 | $899 | $1,256 | $898 |
| 2 adults 1 child | $826 | $757 | $1,046 | $641 | $774 |
| 1 adult 1 child | $826 | $489 | $648 | $641 | $652 |
| 2 adults | $651 | $608 | $795 | $0 | $608 |
| 1 adult | $552 | $332 | $397 | $0 | $504 |
Safety trends & Data
Big Stone County, Minnesota has experienced variable property crime rates over the last five years, with burglary incidents peaking in 2020 at 8 cases but dropping to just 2 by 2022. Fraud cases also showed a spike at 10 incidents in 2018 before significantly declining. Meanwhile, motor vehicle thefts hit a high of 4 in 2020 but generally stayed low. This fluctuating crime environment is worth close attention for potential investors, insurance agents, and those thinking about... Read more
Property Crime Trends in Big Stone County, MN Over the Last 5 Years
Big Stone County, Minnesota has seen fluctuating property crime rates over the past five years. Notably, burglary incidents peaked in 2020 with 8 reported cases but decreased to 2 by 2022. Fraud cases spiked at 10 incidents in 2018 but dropped significantly in the subsequent years. Motor vehicle thefts saw a high of 4 in 2020 but have largely remained low. This variability suggests a dynamic crime environment that potential investors, insurance agents, and those considering relocation may want to monitor closely.
Demographics
Big Stone County's adult population reveals a near parity between males and females, which may suggest a balanced community in terms of gender. When it comes to education, high school graduates make up a significant portion, suggesting a community where basic education is highly valued, with a notable number having some college or an associate degree. The age distribution indicates a potentially aging population with a substantial portion over 55, hinting at potential economic and healthcare... Read more
Race Distribution in Big Stone County, Minnesota (2022)
Educational Attainment in Big Stone County, Minnesota (2022)
Age Distribution in Big Stone County, Minnesota
Citizen Population in Big Stone County, Minnesota (2022)
Political Trends & Data
Big Stone County in Minnesota leans heavily Republican, with the 2020 U.S. Presidential Election results possibly showing nearly 63% support for the GOP. Democrats may have garnered around 35%, while Libertarian and Green parties likely secured just 0.5% each. Other parties combined potentially contributing just over 1% hints at a solidly conservative voter base. This could have intriguing implications for local real estate market trends, especially in gauging community preferences and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Big Stone County in Minnesota might have shown a strong preference for the Republican party, with nearly 63% of the votes possibly going to them. The Democratic party likely trailed at about 35%, whereas Libertarian and Green parties probably received minimal support, each capturing roughly 0.5% of the vote. Other parties combined potentially accounted for just over 1%. This distribution possibly highlights the political landscape and voting behavior within this county.
62.64% of voters voted for the Republican party in the 2020 Presidential Election
35.41% of voters voted for the Democrat party in the 2020 Presidential Election
0.47% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% 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
Big Stone County, Minnesota, has seen fluctuating student-to-teacher ratios over the past decade, peaking at nearly eighteen in 2016 and recently dropping to around twelve. Such changes might influence decisions for investors and developers, as lower ratios often suggest better educational quality and more desirable living conditions. Real estate professionals might notice that improved school metrics could boost property values and market attractiveness. With the national average being about... Read more
Student-to-teacher ratio in Big Stone County, Minnesota over the last 10 years
Over the past decade, Big Stone County, Minnesota, has experienced fluctuating student-to-teacher ratios, peaking at nearly eighteen students per teacher in 2016 and dropping to approximately twelve in the most recent years. These variations can influence decisions for potential investors and developers, as lower ratios may signal enhanced educational quality and potentially more desirable living conditions. Real estate professionals, insurance agents, and appraisers might also take note, as improved school metrics could positively impact property values and market attractiveness. Given the current national average of around 14 students per teacher, Big Stone County's recent lower ratios suggest that residents might be receiving more individual attention in classrooms, which could be a draw for families prioritizing education.
