Clay County Real Estate and Livability Trends
Median home values in Clay County, Minnesota have risen from $159,500 in 2015 to $241,400 in 2022, indicating promising yet undervalued growth compared to the state average. Property tax hikes, from $2,786.95 in 2012 to $4,635.51 in 2021, align with rising valuations, and fluctuating investment in energy efficiency suggests variable demand for green homes. A subtle drop in farm tax returns to... Read more
Clay County Market Trends
In Clay County, Minnesota, median home values have climbed notably from $159,500 in 2015 to $241,400 in 2022. Although this growth is substantial, it still lags behind the state median, which increased from $186,200 to $286,800 during the same period. This presents a unique investment opportunity as the county demonstrates steady appreciation compared to national figures. The average residential... Read more
Median Value of Occupied Housing Units in Clay County, Minnesota Over the Last 8 Years
Over the past eight years, median home values in Clay County, Minnesota have shown impressive growth, rising from $159,500 in 2015 to $241,400 in 2022. While Clay County's growth pace appears strong, it’s still trailing behind Minnesota’s state median, which surged from $186,200 to $286,800 in the same period. On a national scale, housing values lag, climbing from $125,500 in 2015 to just $179,400 by 2022. For those considering investment or relocation, Clay County offers appealing upward momentum amid a broader regional and national real estate landscape.
Residential Energy Tax Credit Per Tax Return in Clay County, MN Over the Last 9 Years
In Clay County, Minnesota, the average residential energy tax credit per tax return has shown significant fluctuations over the last nine years. While values generally hovered around $295.00 from 2013 to 2015, there was a notable decrease to $248.28 in 2016. Interestingly, the credit peaked dramatically to $933.33 in 2018 before settling to a more consistent range between $361.11 in 2020 and $551.43 in 2021. These trends could indicate varying levels of investment in energy-efficient home improvements and changing tax policies, which might be critical for investors, builders, and real estate agents to consider when evaluating property values and long-term sustainability in the county.
Average Real Estate Taxes Per Tax Return in Clay County, MN Over the Last 10 Years
Clay County, Minnesota has seen a noticeable increase in average real estate taxes per tax return over the past decade. From $2,786.95 in 2012, taxes steadily grew to reach $4,635.51 in 2021, with a particularly sharp rise occurring between 2016 and 2018. This trend suggests a growing valuation of real estate in the county, which may be of interest to investors looking for appreciating markets and real estate agents aiming their services towards regions with increasing property values. For those considering moving to Clay County, the higher tax burden could be a crucial financial factor, while appraisers and insurance agents might view these trends as indicators of increased property values tied to higher replacement costs and market demand.
Percentage of Farm Returns in Clay County, MN Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Clay County, Minnesota has shown a slight decline, from around 2.90% in 2012 to about 2.54% in 2021. This gradual decrease might suggest shifts in the agricultural economy or changes in demographic trends. Farm tax returns typically indicate the number of entities reporting income from farming, so this trend could be informative for potential investors or individuals considering agricultural ventures in the area. Understanding these shifts can provide insight into the local farming economy's resilience and potential avenues for new opportunities.
Number of Mortgages by Occupancy Type in Clay County, MN Over the Last 5 Years in Clay County
Over the last five years, Clay County, Minnesota has seen notable trends in mortgage counts across different occupancy types. Principal residence mortgages have fluctuated but generally dominated the market, peaking in 2020 with 4,996 counts, before declining to 2,408 in 2022. Investment property mortgages remained relatively stable, with a modest decline from 279 in 2020 to 185 in 2022. Second residence mortgages have consistently been low, making up a minor share of the total. Changes in occupancy type can impact market stability, potential rental yield for investors, and risk assessments for appraisers and insurance agents. Understanding these trends helps real estate agents and potential investors gauge the health and attractiveness of the local housing market.
Economic Outlook
Over the past decade in Clay County, Minnesota, the average taxable income per tax return has steadily increased from about $54,530.83 in 2013 to around $70,335.52 in 2021. This trend hints at economic growth that may attract investors and developers. The average state and local income taxes per tax return have also risen, from approximately $5,835.74 in 2012 to $9,410.64 by 2021, reflecting either increased tax rates or rising incomes. This dynamic could influence property investment and... Read more
Average Taxable Income per Tax Return in Clay County, MN over the last 9 years
Over the past nine years, Clay County, Minnesota has seen a steady increase in the average taxable income per tax return, rising from approximately $54,530.83 in 2013 to around $70,335.52 in 2021. This upward trend suggests potential economic growth, making the area more attractive for investors and developers. For appraisers and real estate agents, rising incomes may indicate increasing property values and market potential. Insurance agents might focus on evolving client needs as disposable incomes change.
Average State and Local Income Taxes Per Tax Return in Clay County, MN Over the Last 10 Years
In Clay County, Minnesota, the average state and local income taxes per tax return have generally trended upward over the past decade. Starting at approximately $5,835.74 in 2012, they rose to $9,410.64 by 2021. The most significant jumps occurred between 2017 and 2019, moving from about $6,409.07 to $8,912.28, which might suggest increased tax rates or rising incomes. Investors and potential residents might see this trend as a reflection of growing economic activity and prosperity in the region, although it could also mean higher tax burdens. This could impact decisions on property investment and relocation.
Average Total Tax Liability Per Tax Return in Clay County, MN Over the Last 10 Years
Over the last decade, Clay County, Minnesota has seen fluctuating tax liabilities per tax return with a general upward trend. Notably, the average total tax liability rose from around $7,601.47 in 2012 to a peak of approximately $9,722.30 in 2021. The increase may suggest growing economic activity and possibly rising incomes, making it a compelling point for investors, real estate agents, and insurance agents evaluating market dynamics. Though there were occasional dips, such as in 2018, the overall trend indicates increasing financial responsibilities for residents, which could impact future property valuations and market behavior.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,335 | $1,516 | $1,749 | $1,902 | $1,544 |
| 1 adult 4 children | $1,335 | $1,238 | $1,370 | $1,902 | $1,763 |
| 2 adults 3 children | $1,335 | $1,239 | $1,501 | $1,902 | $1,305 |
| 1 adult 3 children | $1,335 | $1,011 | $1,122 | $1,902 | $1,498 |
| 2 adults 2 children | $939 | $1,014 | $1,253 | $1,666 | $991 |
| 1 adult 2 children | $939 | $757 | $874 | $1,666 | $1,071 |
| 2 adults 1 child | $939 | $801 | $1,005 | $897 | $847 |
| 1 adult 1 child | $939 | $518 | $627 | $897 | $763 |
| 2 adults | $772 | $644 | $758 | $0 | $630 |
| 1 adult | $654 | $351 | $379 | $0 | $525 |
Safety trends & Data
Over the past five years, Clay County, Minnesota has seen fluctuating trends in property crimes. While Larceny-Theft consistently dominates, peaking in 2018 with 371 reported incidents and slightly decreasing to 281 in 2022, incidents like Vandalism and Fraud have shown variability. Notably, Motor Vehicle Theft and Burglary have declined in recent years, possibly signaling safer neighborhoods for potential investors and residents. Arson incidents have remained... Read more
Property Crime Trends in Clay County, MN Over the Last 5 Years
Over the past five years, Clay County, Minnesota has seen fluctuating trends in property crimes. While Larceny-Theft consistently dominates, peaking in 2018 with 371 reported incidents and slightly decreasing to 281 in 2022, incidents like Vandalism and Fraud have shown variability, indicating potential shifts in local crime dynamics. Notably, Motor Vehicle Theft and Burglary have seen some declines in the most recent years, which could be a positive sign for potential investors and residents seeking safer neighborhoods. Arson incidents have remained minimal.
Demographics
Clay County, Minnesota exhibits a near-even split between male and female adults, suggesting a balanced gender demographic. Educational attainment data points to a strong representation in higher education, with almost as many individuals holding a bachelor’s degree as there are high school graduates. Age distribution reveals a significant youth presence, with notable populations under 10 and in the 20-34 age range. Racial diversity is somewhat limited, as a large majority of the population... Read more
Race Distribution in Clay County, Minnesota (2022)
Educational Attainment in Clay County, Minnesota (2022)
Age Distribution in Clay County, Minnesota
Citizen Population in Clay County, Minnesota (2022)
Political Trends & Data
In Clay County, Minnesota, the 2020 U.S. Presidential Election showed Democrats possibly holding a slight edge with about 51% of the vote, while Republicans garnered around 47%. Minimal support for Libertarians and Greens suggests a primarily two-party environment. This somewhat balanced political landscape might influence local real estate dynamics, as shifting political climates can impact development policies, taxation, and overall market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Clay County, Minnesota, the 2020 U.S. Presidential Election saw Democrats perhaps slightly outpacing Republicans with a roughly 51% share of the vote compared to around 47% for Republicans. Libertarians and Greens collectively might have garnered minimal support, with neither party reaching above 2%. This modest Democratic edge could suggest a competitive political landscape, potentially important for future elections in the county.
46.66% of voters voted for the Republican party in the 2020 Presidential Election
50.74% of voters voted for the Democrat party in the 2020 Presidential Election
1.27% 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
1.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Clay County, Minnesota has mostly remained favorable compared to the national average of 14:1 over the past decade, often indicating smaller class sizes and more personalized attention for students. However, a recent spike to 19:1 might be noteworthy for investors and those relocating, as such changes could impact long-term educational quality, influencing property values, appraisals, and insurance risks. Real estate professionals should keep an eye on these... Read more
Student-to-teacher ratio in Clay County, Minnesota over the last 10 years
The student-to-teacher ratio in Clay County, Minnesota has demonstrated some fluctuations over the past decade, with generally favorable numbers compared to the national average of 14 students per teacher. For most years, the ratio has been below the national benchmark, indicating potentially smaller class sizes and more individualized attention for students. However, the spike to a ratio of 19 in the most recent year might be worth noting for investors and those moving in, as it could impact long-term educational quality. This trend shift can influence property values, appraisal outcomes, and insurance risks, as education quality often correlates with real estate desirability. Real estate agents and developers should monitor these changes to better anticipate market dynamics.
