Carlton County Real Estate and Livability Trends
Carlton County, Minnesota's real estate market is emblematic of steady economic and residential growth with an obvious upward trend in average taxable income, which rose from $50,162.86 in 2013 to $66,000.41 in 2021. This financial uplift, along with increased state and local income taxes, may indicate a buoyant local economy, potentially influencing property valuations and investment... Read more
Carlton County Market Trends
Carlton County, Minnesota, has seen a consistent increase in median home values, now at $218,000, though this trails behind the state average of $286,800. Interestingly, real estate taxes have leapt from $2,644.24 in 2012 to $4,422.86 in 2021, highlighting either rising property values or increased tax rates. Residential energy tax credits fluctuated, peaking at an average of $2,525.00 per tax... Read more
Median Value of Occupied Housing Units in Carlton County, Minnesota Over the Last 8 Years
Carlton County, Minnesota, has seen a steady increase in median home values over the past eight years, ending at $218,000 in 2022. This growth, while substantial, lags behind the state average for Minnesota, which reached $286,800 in the same year. Interestingly, the national median value stood at $179,400 in 2022, positioning Carlton County above the national average but still below Minnesota's overall trend. This disparity could offer opportunities for investors looking for growth potential without the higher price tags seen statewide.
Residential Energy Tax Credit Per Tax Return in Carlton County, MN Over the Last 9 Years
Carlton County, Minnesota has seen fluctuating trends in residential energy tax credits over the past nine years, with a notable spike in 2018 hitting an average of $2525.00 per tax return. Generally, the amount appears to vary year-to-year, suggesting perhaps varying degrees of energy-efficient investments or tax policy changes. For real estate agents, property developers, and potential homeowners, these figures could imply the county's evolving focus on energy efficiency and fiscal incentives, potentially impacting energy costs and sustainability attributes of properties.
Average Real Estate Taxes Per Tax Return in Carlton County, MN Over the Last 10 Years
Over the past decade, Carlton County, Minnesota has experienced a noticeable climb in average real estate taxes per tax return, jumping from $2,644.24 in 2012 to $4,422.86 in 2021. The sharpest increases seem to have occurred from 2017 to 2020, with a significant leap from $3,221.24 in 2017 to $4,426.32 in 2020. This trend may suggest increasing property values or higher tax rates, making it crucial for investors, home buyers, appraisers, insurance agents, and real estate professionals to recognize these rising costs when evaluating opportunities or setting price expectations in the region.
Percentage of Farm Returns in Carlton County, MN Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Carlton County, Minnesota, has slightly declined, starting at around 2.8% in 2012 and decreasing to roughly 2.4% by 2021. Farm tax returns reflect the proportion of taxpayers reporting income primarily from agricultural activities, and the downward trend might suggest shifts in local agricultural dynamics or economic conditions. For potential investors or residents, this could imply a changing landscape in agricultural pursuits or a possible reduction in farm-based economic activity, which may influence property values and local business opportunities. Understanding these nuances can help in making more informed decisions about investing or living in Carlton County.
Number of Mortgages by Occupancy Type in Carlton County, MN Over the Last 5 Years in Carlton County
Carlton County, Minnesota has seen consistent interest in principal residences over the last five years, with a notable peak in 2021 at 2,465 mortgages. Investment properties and second residences have maintained significantly lower but fairly stable figures, indicating a stronger preference or demand for primary living spaces. These trends matter because understanding the shifts in mortgage patterns can help investors predict market stability and potential returns. For potential home buyers, it suggests a robust market for principal residences, while insurers and appraisers can gain insights into the types and risk profiles of properties. Real estate agents and builders can tailor their strategies to align with the area's demand, ensuring they capture the predominant market interest efficiently.
Economic Outlook
Carlton County, Minnesota has witnessed a notable increase in the average taxable income per tax return, jumping from $50,162.86 in 2013 to $66,000.41 in 2021. This upward trend, paired with a rise in state and local income taxes from $4,630.58 in 2012 to $8,297.30 in 2021, might suggest a robust local economy. Such economic growth could significantly impact appraisals, insurance rates, and the real estate market, hinting at a potentially thriving environment for property investments. The... Read more
Average Taxable Income per Tax Return in Carlton County, MN over the last 9 years
Carlton County, Minnesota has shown a significant upward trend in the average taxable income per tax return over the past nine years. From $50,162.86 in 2013 to roughly $66,000.41 in 2021, this increase suggests economic growth that could be attractive for investors and those considering relocation. This steady rise in income may also impact appraisals, insurance rates, and the real estate market, indicating a potentially thriving local economy. Real estate agents might find this trend particularly noteworthy for advising clients on property investments.
Average State and Local Income Taxes Per Tax Return in Carlton County, MN Over the Last 10 Years
Over the last decade, Carlton County, Minnesota, has observed a marked increase in average state and local income taxes per tax return, climbing from approximately $4,630.58 in 2012 to around $8,297.30 in 2021. This steady rise, with notable jumps particularly after 2017, might suggest a growing economic environment or changing tax policies within the county. For potential investors or residents, this trend could be significant when assessing the overall financial landscape and potential expenses of living or doing business in this area.
Average Total Tax Liability Per Tax Return in Carlton County, MN Over the Last 10 Years
Over the past decade, Carlton County, Minnesota has seen a generally upward trend in average total tax liability per tax return, with values increasing from approximately $6,044.52 in 2012 to $8,599.36 in 2021. This gradual rise, despite occasional fluctuations, may suggest an overall increase in income levels or property values, which could be crucial information for potential investors, real estate agents, and those considering moving to the area. The peak seen in 2021 could indicate a strong local economy but might also lead to higher costs in property taxes and insurance premiums.
Cost of Living in Carlton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,446 | $1,440 | $1,905 | $1,902 | $1,667 |
| 1 adult 4 children | $1,446 | $1,176 | $1,493 | $1,902 | $1,891 |
| 2 adults 3 children | $1,446 | $1,176 | $1,634 | $1,902 | $1,415 |
| 1 adult 3 children | $1,446 | $960 | $1,223 | $1,902 | $1,640 |
| 2 adults 2 children | $1,095 | $963 | $1,364 | $1,666 | $1,108 |
| 1 adult 2 children | $1,095 | $719 | $952 | $1,666 | $1,240 |
| 2 adults 1 child | $1,095 | $761 | $1,093 | $897 | $952 |
| 1 adult 1 child | $1,095 | $492 | $682 | $897 | $858 |
| 2 adults | $844 | $611 | $823 | $0 | $675 |
| 1 adult | $786 | $333 | $411 | $0 | $584 |
Safety trends & Data
Property crime in Carlton County, Minnesota, has seen fluctuations but generally trended downward over the past five years. Notably, burglary and larceny-theft cases have dropped significantly from 2018 to 2022, suggesting an increasingly secure environment. Vandalism and motor vehicle theft incidents have also shown a steady decline, indicating a sustained decrease in property damage risk. This trend could make Carlton County more appealing to potential homeowners and businesses considering... Read more
Property Crime Trends in Carlton County, MN Over the Last 5 Years
Property crime in Carlton County, Minnesota, appears to have fluctuated over the past five years, with notable declines in several categories. For investors and real estate agents, the significant drop in burglary and larceny-theft cases from 2018 to 2022 may indicate an increasingly secure environment. Appraisers and insurance agents might note the steady reduction in vandalism and motor vehicle theft incidents, suggesting a sustained decrease in risk for property damage. This overall downward trend in property crimes could make Carlton County more attractive for prospective homeowners and businesses considering relocating or investing in the area.
Demographics
Carlton County, Minnesota's demographic landscape shows a relatively balanced gender distribution with a slight male majority. Educational attainment is skewed towards high school graduates and individuals with some college education but no degree. In terms of age, the region has a considerable adult population in the 35 to 64 age bracket, potentially indicating a stable workforce. Racially, the county remains predominantly white, though there's a modest representation of American Indians and... Read more
Race Distribution in Carlton County, Minnesota (2022)
Educational Attainment in Carlton County, Minnesota (2022)
Age Distribution in Carlton County, Minnesota
Citizen Population in Carlton County, Minnesota (2022)
Political Trends & Data
Carlton County, Minnesota, exhibits a politically tight race with Democrats capturing around 49.6% of the vote and Republicans close behind at 48.1% in the 2020 Presidential Election. Third-party candidates barely made a dent, securing just over 1% collectively. This close margin indicates a competitive political environment that could swing either way in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Carlton County, Minnesota, the 2020 U.S. Presidential Election results potentially indicate a closely contested political landscape with Democrats slightly edging out Republicans, capturing roughly 49.6% of the votes compared to the Republicans' 48.1%. Third-party candidates, including Libertarians and Greens, garnered minimal support, collectively accounting for only slightly over 1% of the votes. This distribution suggests that while third-party influence is minimal, the county remains significantly competitive between the two major parties.
48.07% of voters voted for the Republican party in the 2020 Presidential Election
49.58% of voters voted for the Democrat party in the 2020 Presidential Election
1.13% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
Carlton County, Minnesota has seen its student-to-teacher ratio drop from 16 students per teacher in 2014 to about 13 in 2023, compared to the U.S. national average of 14. This trend might suggest increased individual attention for students and could be a selling point for families and investors. Real estate agents might find this data valuable for attracting buyers, while insurance agents and appraisers could view it as a sign of a stable or improving local education system, potentially... Read more
Student-to-teacher ratio in Carlton County, Minnesota over the last 10 years
Carlton County, Minnesota has seen a notable downward trend in its student-to-teacher ratio over the last decade, dropping from 16 students per teacher in 2014 to about 13 in 2023. This is somewhat better than the current U.S. national average of 14 students per teacher and might suggest more individual attention per student. This decrease is a potential draw for families considering a move, investors in educational infrastructure, and real estate agents who can use these statistics to attract buyers. For insurance agents and appraisers, this trend might also hint at a stabilized or improving local education system, which can be a plus for property valuation.
