Chippewa County Real Estate and Livability Trends
Average taxable income in Chippewa County, Minnesota reached $68,883.08 in 2021, signaling favorable economic conditions that might entice real estate investors and new residents. Median home values showed a noteworthy rise from $100,600 in 2015 to $138,900 in 2022, though still below the state median of $286,800. Mortgage numbers hit a high of 484 in 2021 but dropped to 288 by 2022, reflecting... Read more
Chippewa County Market Trends
In Chippewa County, Minnesota, there's been a steady rise in median home values, jumping from $100,600 in 2015 to $138,900 in 2022, yet it's still below the state's $286,800 median for 2022. Real estate taxes have also trended up sharply, peaking at $3,426.67 in 2020. Energy tax credits fluctuated, spiking at $725.00 in 2019, reflecting varied energy conservation efforts. Farm tax returns hovered... Read more
Median Value of Occupied Housing Units in Chippewa County, Minnesota Over the Last 8 Years
Over the past eight years, Chippewa County, Minnesota, has seen a steady increase in median home values, jumping from $100,600 in 2015 to $138,900 in 2022. While the county shows a significant rise, it's still well below the state's median of $286,800 and the national median of $179,400 for 2022. This gap might indicate affordable investment opportunities in Chippewa County compared to broader state and national markets, making it potentially attractive for first-time homebuyers or those looking to invest in more budget-friendly housing options.
Residential Energy Tax Credit Per Tax Return in Chippewa County, MN Over the Last 8 Years
Over the past eight years, Chippewa County, Minnesota, has seen quite a fluctuation in the average residential energy tax credit per tax return. Notably, there was a significant peak in 2019 when the average credit hit $725.00. However, the values have generally hovered around the mid-$300 range, showing a rather diverse investment in energy-efficient initiatives by residents. For those thinking about investing or living in Chippewa County, these trends might be a signal of varying energy conservation efforts and potential policy changes that can influence property values and living costs.
Average Real Estate Taxes Per Tax Return in Chippewa County, MN Over the Last 10 Years
Real estate taxes per tax return in Chippewa County, Minnesota, have shown a notable upward trend over the last decade. Starting at $2,250.00 in 2012, there were some fluctuations, but the overall direction was an increase, peaking at $3,426.67 in 2020 before slightly receding to $3,123.53 in 2021. This could suggest rising property values or increasing tax rates, which might be important for potential investors, homebuyers, appraisers, and real estate professionals to consider when evaluating the financial landscape of the county.
Percentage of Farm Returns in Chippewa County, MN Over the Last 10 Years
Farm tax returns in Chippewa County, Minnesota, have shown subtle fluctuations over the past decade, with percentages hovering just above or slightly below 10%. This trend suggests a stable yet modest representation of agriculture in the local economy, hinting at consistent farming activity without major booms or busts. Investors, property builders, and new residents can view this steady pattern as a sign of reliable, if not rapidly growing, agricultural involvement, possibly leading to a stable economic environment within the county.
Number of Mortgages by Occupancy Type in Chippewa County, MN Over the Last 5 Years in Chippewa County
In Chippewa County, Minnesota, there has been a notable fluctuation in the number of mortgages for principal residences, peaking at 484 in 2021 and dipping to 288 in 2022. Investment property mortgages have remained consistent. Shifts in these counts can indicate changes in market dynamics, potentially impacting property values and demand. For investors, a steady investment mortgage count suggests stable interest, while for those moving to the area, varying principal residency can signal changes in community growth and housing availability. This variability is critical for appraisers and real estate agents for accurate market assessments, and for insurance agents to adjust coverage risks.
Economic Outlook
Chippewa County, Minnesota has seen a consistent rise in average taxable income per tax return, reaching $68,883.08 in 2021. This upswing signals a more favorable economic environment, likely enticing for investors, real estate professionals, and new residents. Additionally, state and local income taxes have shown notable peaks in 2019 and 2021, suggesting economic growth or policy shifts. The fluctuating total tax liability, peaking again in 2021 at $9,146.90, highlights economic changes that... Read more
Average Taxable Income per Tax Return in Chippewa County, MN over the last 9 years
Chippewa County, Minnesota has seen a steady increase in average taxable income per tax return over the past nine years, culminating in $68,883.08 in 2021. This trend suggests an improving economic environment that may appeal to potential investors, real estate agents, and residents considering relocation. With rising incomes, the area likely offers more opportunities for higher property values and increased consumer spending, making it an attractive option for those looking to tap into a growing market.
Average State and Local Income Taxes Per Tax Return in Chippewa County, MN Over the Last 10 Years
Over the past decade, Chippewa County, Minnesota has seen significant fluctuations in its average state and local income taxes per tax return. The peaks in 2019 and 2021, with values reaching $12,231.82 and $10,505.26 respectively, suggest potential economic growth or shifting tax policies during those years. Conversely, notable dips occurred in 2016 and 2017, where figures hovered around $7,423.85 and $7,616.07, indicating periods where residents might have experienced relative tax relief. These trends likely offer valuable insights for potential investors and residents regarding the economic climate and fiscal policy changes in the county.
Average Total Tax Liability Per Tax Return in Chippewa County, MN Over the Last 10 Years
Over the last decade in Chippewa County, Minnesota, there has been a noticeable fluctuation in the average total tax liability per tax return. After a peak value of approximately $8,685.78 in 2012, a general downtrend was observed until 2019, where the liability reached a low near $7,150.00. Interestingly, 2020 marked a rebound, with liability values climbing back up to around $8,089.44, followed by a sharp increase to about $9,146.90 in 2021. This variability perhaps points to economic shifts that could be attributed to local economic factors or policy changes. These trends are relevant for potential investors, residents, and real estate professionals, as they could impact financial planning, property values, and insurance considerations in the region.
Cost of Living in Chippewa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,151 | $1,476 | $1,799 | $1,234 | $1,196 |
| 1 adult 4 children | $1,151 | $1,205 | $1,401 | $1,234 | $1,378 |
| 2 adults 3 children | $1,151 | $1,206 | $1,548 | $1,234 | $973 |
| 1 adult 3 children | $1,151 | $984 | $1,150 | $1,234 | $1,129 |
| 2 adults 2 children | $826 | $987 | $1,297 | $1,076 | $796 |
| 1 adult 2 children | $826 | $737 | $899 | $1,076 | $787 |
| 2 adults 1 child | $826 | $780 | $1,046 | $564 | $731 |
| 1 adult 1 child | $826 | $504 | $648 | $564 | $601 |
| 2 adults | $701 | $627 | $795 | $0 | $610 |
| 1 adult | $552 | $342 | $397 | $0 | $493 |
Safety trends & Data
Chippewa County, Minnesota, has seen fluctuating property crime trends over the last four years. In 2018, fraud cases were high at 5, while vandalism and burglary were comparatively low. There was an overall dip in property crimes in 2019, but burglary increased to 4 cases in 2020. Larceny-theft cases have stayed relatively low but showed a slight increase again in 2022. These varying trends could influence property values and insurance premiums, providing valuable insights for investors, real... Read more
Property Crime Trends in Chippewa County, MN Over the Last 4 Years
Chippewa County, Minnesota, has seen fluctuating property crime trends over the last four years. In 2018, fraud was notably high at 5 cases, while vandalism and burglary incidents were lower in comparison. There was a dip in overall crimes in 2019, but burglary saw an increase to 4 cases in 2020. Larceny-theft cases have remained relatively low throughout but showed a slight increase again in 2022. This overview indicates varying trends in property crimes, which might influence property values and insurance premiums. Investors, real estate agents, and residents might find these trends informative when considering the safety and economic factors associated with the area.
Demographics
In Chippewa County, Minnesota, the demographic landscape is intriguing with nearly equal numbers of males and females among adults. Educational attainment reveals a trend towards practical education, with a significant portion having high school diplomas or some college experience, hinting at a dedicated but possibly underserved workforce regarding higher education. Age distribution leans towards an older population, particularly in the 55 to 64 and 65 to 74 age brackets, suggesting potential... Read more
Race Distribution in Chippewa County, Minnesota (2022)
Educational Attainment in Chippewa County, Minnesota (2022)
Age Distribution in Chippewa County, Minnesota
Citizen Population in Chippewa County, Minnesota (2022)
Political Trends & Data
In Chippewa County, Minnesota, the real estate market may be subtly influenced by the local political leaning, with Republicans potentially capturing over 60% of the vote in the 2020 U.S. Presidential Election. This suggests that properties in this area might attract buyers who prioritize conservative values or prefer regions with a strong Republican presence. The 2020 voting pattern, with Democrats possibly securing just over a third of the vote and minimal impact from third parties, could... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Chippewa County in Minnesota appears to lean heavily towards the Republican Party, with Republicans potentially capturing over 60% of the vote in the 2020 U.S. Presidential Election. Democrats might have secured a bit more than a third of the vote, while third-party candidates, including Libertarian and Green parties, seem to have minimal impact, together totaling less than 2%. Voter preference in this county could reflect broader regional trends in political alignment, emphasizing a strong Republican presence.
64.29% of voters voted for the Republican party in the 2020 Presidential Election
33.67% of voters voted for the Democrat party in the 2020 Presidential Election
0.88% 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
0.98% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Chippewa County, Minnesota has seen significant fluctuations in its student-to-teacher ratios, peaking in 2017 with nearly 26 students per teacher and dropping to around 12 from 2020 onward. These shifts could appeal to families seeking quality education due to smaller, more manageable class sizes. Lower ratios might also be seen as indicative of well-resourced schools, potentially boosting property values and influencing decisions by real estate investors, appraisers, and... Read more
Student-to-teacher ratio in Chippewa County, Minnesota over the last 10 years
Over the past decade, Chippewa County, Minnesota has seen significant fluctuations in its student-to-teacher ratio. The numbers peaked in 2017 with nearly 26 students per teacher, significantly higher than the national average of 14. Conversely, the ratio dropped to about 12 from 2020 onward, falling well below the national average. These changes in ratios could influence multiple sectors. For real estate investors and those considering moving to the area, lower ratios may indicate smaller, more manageable class sizes, which might appeal to families seeking quality education. Additionally, appraisers and insurance agents might perceive the lower ratios as indicative of well-resourced schools, potentially boosting property values. This trend also matters for educators and policy makers aiming to allocate resources effectively and enhance educational outcomes.
