Blue Earth County Real Estate and Livability Trends
Blue Earth County, Minnesota's real estate market shows intriguing trends. Average home values have shot up from $161,500 in 2015 to $239,200 in 2022, which, while falling behind state averages, still signal a robust local appreciation. Real estate taxes have also increased substantially, potentially due to broader economic or policy shifts. Despite an uptick in overall income, rising living... Read more
Blue Earth County Market Trends
In Blue Earth County, Minnesota, median home values have risen impressively from $161,500 in 2015 to $239,200 in 2022, outpacing national trends despite lagging behind state averages. Residential Energy Tax Credit values have fluctuated significantly, suggesting varying levels of investment in energy efficiency. Real estate taxes have surged from $2,387.13 in 2012 to $4,422.60 in 2021, possibly... Read more
Median Value of Occupied Housing Units in Blue Earth County, Minnesota Over the Last 8 Years
Over the last 8 years, Blue Earth County, Minnesota has seen its median home values rise from $161,500 in 2015 to $239,200 in 2022. While these numbers show a strong local market, they still trail Minnesota's state average, which surged from $186,200 to $286,800 in the same timeframe. Interestingly, Blue Earth County's growth significantly outpaces the national trend, where median home values increased from $125,500 to $179,400. This may present Blue Earth County as an appealing, more affordable option within Minnesota for potential investors or new residents, especially those priced out of higher-value areas.
Residential Energy Tax Credit Per Tax Return in Blue Earth County, MN Over the Last 9 Years
Blue Earth County in Minnesota has experienced significant fluctuations in the Residential Energy Tax Credit per tax return over the last nine years. The average value ranged from $231.65 in 2013 to a peak of $1833.33 in 2018, indicating a possible increase in residential energy investments or changes in tax policies. Subsequently, the credit saw a substantial drop in 2019 to $569.23 but then recovered to $657.14 in 2021. This volatility could be of interest to investors and real estate agents looking at energy-efficient property trends or tax incentives.
Average Real Estate Taxes Per Tax Return in Blue Earth County, MN Over the Last 10 Years
Over the past decade, Blue Earth County, Minnesota has seen a notable increase in average real estate taxes per tax return, climbing from $2,387.13 in 2012 to $4,422.60 in 2021. Between 2017 and 2018, taxes surged significantly by over $600.00, which may be indicative of broader economic changes or local policy adjustments. By 2019, taxpayers were facing around $3,960.00, and the upward trend continued steadily through 2021. These patterns could be crucial for potential investors and property developers in understanding the financial landscape and for appraisers and insurance agents in assessing property value changes over time. For current residents and prospective movers, these rising tax figures might impact decisions and financial planning.
Percentage of Farm Returns in Blue Earth County, MN Over the Last 10 Years
In the last decade, farm tax returns in Blue Earth County, Minnesota, have shown a subtle but steady decline, dropping from roughly 3.65% to about 3.00%. Farm tax returns are a critical indicator of agricultural activity and economic health in a rural setting. This trend may suggest a shift away from farming-dependent income, possibly due to urbanization, changing market conditions, or crop yield efficiency. Understanding these shifts can be crucial for potential investors, property developers, and residents looking to engage with the community's agricultural backbone or broader economic environment.
Number of Mortgages by Occupancy Type in Blue Earth County, MN Over the Last 5 Years in Blue Earth County
Analyzing the mortgage data for Blue Earth County, Minnesota over the past five years reveals some notable trends in occupancy type. Principal residence mortgages dominated the market, peaking substantially in 2020 at 4,034 before declining to 1,862 in 2022. Investment property mortgages showed a gradual decline, from 255 in 2018 to 117 in 2022. Second residence mortgages remained relatively static, never exceeding 37 in any given year. Shifts in these categories can signal changing housing demands, affecting property values and investor interest. Lower investment property mortgages might indicate reduced rental opportunities, impacting real estate agents and investors. Similarly, fluctuations in principal residence mortgages could influence appraisal values and insurance considerations, offering insights crucial for those looking to invest or relocate.
Economic Outlook
Blue Earth County, Minnesota has seen a gradual rise in average taxable income per tax return from $53,186.65 in 2013 to $70,317.20 in 2021, indicating possible economic growth and enhanced earning opportunities that could attract various stakeholders. However, average state and local income taxes per tax return have surged from $6,513.55 in 2012 to $17,710.32 in 2021, hinting at increased living costs. Poverty rates have fluctuated, peaking at 23.8% in 2015 and dropping to 16.3% by 2021 before... Read more
Average Taxable Income per Tax Return in Blue Earth County, MN over the last 9 years
Blue Earth County, Minnesota has seen a gradual increase in average taxable income per tax return over the past nine years. Starting at approximately $53,186.65 in 2013, the figure has risen steadily to about $70,317.20 in 2021. This upward trend hints at a potentially growing economy and possibly higher earning opportunities in the area, which could be attractive to investors, new residents, real estate agents, and related professionals.
Average State and Local Income Taxes Per Tax Return in Blue Earth County, MN Over the Last 10 Years
Average state and local income taxes per tax return in Blue Earth County, Minnesota, have shown a substantial upward trajectory over the past decade. Starting from $6,513.55 in 2012, there was a notable peak in 2018 with an average of $12,751.08, eventually reaching $17,710.32 in 2021. This sharp increase suggests that living or investing in Blue Earth County has become more costly in terms of taxes, potentially reflecting economic growth or policy changes that residents and potential investors should consider.
Average Total Tax Liability Per Tax Return in Blue Earth County, MN Over the Last 10 Years
Blue Earth County, Minnesota has seen a noticeable rise in average total tax liability per tax return over the past decade, peaking at $10,703.71 in 2021. While there were modest fluctuations between 2015 and 2019, the overall trend suggests increasing fiscal responsibility or income growth among residents. For potential investors and real estate agents, these patterns could signal an upward mobility in economic status, potentially making the area more attractive for higher-end housing and commercial investments. Appraisers and insurance agents might need to take these trends into account when evaluating property values and risk assessments.
Cost of Living in Blue Earth County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,510 | $1,584 | $2,096 | $1,902 | $1,811 |
| 1 adult 4 children | $1,510 | $1,294 | $1,645 | $1,902 | $1,973 |
| 2 adults 3 children | $1,510 | $1,294 | $1,798 | $1,902 | $1,502 |
| 1 adult 3 children | $1,510 | $1,057 | $1,346 | $1,902 | $1,702 |
| 2 adults 2 children | $1,079 | $1,060 | $1,499 | $1,666 | $1,130 |
| 1 adult 2 children | $1,079 | $791 | $1,048 | $1,666 | $1,234 |
| 2 adults 1 child | $1,079 | $837 | $1,201 | $897 | $957 |
| 1 adult 1 child | $1,079 | $541 | $750 | $897 | $862 |
| 2 adults | $863 | $673 | $903 | $0 | $701 |
| 1 adult | $846 | $367 | $451 | $0 | $592 |
Safety trends & Data
Blue Earth County, Minnesota has experienced a mixed bag of property crime trends over the past five years. Larceny-theft, the most common crime, saw a notable decrease between 2019 and 2020. Burglary arrests have held steady, whereas motor vehicle theft has shown erratic changes. Consistent levels of fraud and vandalism were observed. These crime patterns are important for investors, real estate agents, and insurance agents, as they can influence property values and insurance... Read more
Property Crime Trends in Blue Earth County, MN Over the Last 5 Years
Blue Earth County, Minnesota has seen fluctuating property crime trends over the past five years, with notable increases and decreases in specific categories. Larceny-theft remains the most prevalent crime but saw a significant drop from 2019 to 2020. Burglary arrests remained relatively stable, while motor vehicle theft showed sporadic changes. Fraud and vandalism retained consistent figures throughout the period. Investors, real estate agents, and insurance agents should take note of these trends as they can impact property values and insurance rates. Understanding these shifts in crime patterns is crucial for anyone involved in property and community safety within Blue Earth County.
Demographics
Blue Earth County, Minnesota has a fairly balanced gender ratio with a slight female majority and a diverse age distribution, particularly notable for its substantial young adult population aged 20 to 24 years old. The county's educational attainment reveals that a significant portion possess high school diplomas or higher, with a notable percentage holding bachelor's and graduate degrees. While the racial composition leans heavily towards White residents, there is a modest presence of Black or... Read more
Race Distribution in Blue Earth County, Minnesota (2022)
Educational Attainment in Blue Earth County, Minnesota (2022)
Age Distribution in Blue Earth County, Minnesota
Citizen Population in Blue Earth County, Minnesota (2022)
Political Trends & Data
In Blue Earth County, Minnesota, the 2020 U.S. Presidential Election results indicated that Democrats secured roughly 51% of the vote compared to Republicans' 46%, suggesting a subtle shift in this traditionally competitive area. Minor parties, including the Libertarians and Greens, captured just over 1% of the ballots. This slight Democratic advantage could be reflective of evolving political trends within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Blue Earth County, Minnesota, the 2020 U.S. Presidential Election saw a slight edge for Democrats with approximately 51% of the vote, while Republicans garnered around 46%. Minor parties like the Libertarians and Greens collectively made up just over 1% of the votes. This modest lead for the Democrats in a typically competitive state could hint at shifting political dynamics.
46.41% of voters voted for the Republican party in the 2020 Presidential Election
50.84% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Livertarian party in the 2020 Presidential Election
0.39% of voters voted for the Green party in the 2020 Presidential Election
1.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Blue Earth County, Minnesota's student-to-teacher ratio has mostly hovered around the national average of 14 students per teacher, with notable fluctuations. In 2019, the ratio dropped to 12, then rose to 15 in 2023. These shifts may impact classroom quality, teacher workload, and decisions made by investors, parents, and real estate agents. Monitoring these ratios can provide insight into educational infrastructure demands and the area's appeal for... Read more
Student-to-teacher ratio in Blue Earth County, Minnesota over the last 10 years
Blue Earth County, Minnesota has seen fluctuating student-to-teacher ratios over the past decade, trending mostly close to or below the national average of 14 students per teacher. Notably, the ratio dropped to 12 in 2019 before climbing to a high of 15 in 2023. This trend might indicate shifting dynamics in classroom sizes, affecting the quality of education, teacher workload, and potentially influencing decisions for investors, parents, and real estate agents alike. Keeping an eye on these ratios could be crucial for planners and decision makers in understanding the demand for educational infrastructure and the attractiveness of the area for families.
