Cook County Real Estate and Livability Trends
Cook County, Minnesota has experienced a notable rise in median home values from $242,400 in 2015 to $289,500 in 2022, indicating stronger-than-average growth compared to statewide and national trends. The steady increase in average taxable income per tax return from $46,737.58 in 2013 to $71,346.98 in 2021 suggests growing economic prosperity that could attract real estate investors. Residential... Read more
Cook County Market Trends
Cook County, Minnesota has seen its median home values rise from $242,400 in 2015 to $289,500 in 2022, outpacing both statewide and national growth rates. Residential energy tax credits have shown variability, with significant peaks in 2019 and 2020, suggesting increased investments in energy efficiency or favorable policy impacts. Real estate taxes have nearly doubled over the past decade,... Read more
Median Value of Occupied Housing Units in Cook County, Minnesota Over the Last 8 Years
Cook County, Minnesota has experienced notable fluctuations in median home values over the past eight years, seeing an uptick from $242,400 in 2015 to $289,500 in 2022. This is in contrast to broader trends in Minnesota and nationwide, where values have also risen steadily but at varying rates. For instance, Minnesota's median home value increased from $186,200 to $286,800 in the same period, while nationwide values grew from $125,500 to $179,400. Those considering investment or relocation should be aware that Cook County's housing market has shown resilience and growth, possibly indicating a strong local demand or other economic factors at play.
Residential Energy Tax Credit Per Tax Return in Cook County, MN Over the Last 8 Years
Over the last eight years, Cook County, Minnesota has seen fluctuating residential energy tax credits, with notable peaks in 2019 and 2020, where the averages hit $2,275.00 and $1,825.00 respectively. The substantial increase in these years could suggest a rise in investments in energy-efficient home improvements or a potential response to favorable policy changes. The lowest point was in 2015 with a mere $320.00, highlighting variability that may interest investors and real estate professionals looking to understand the local market dynamics. Exploring the causes behind these trends could offer insights for future financial planning and property valuation in the area.
Average Real Estate Taxes Per Tax Return in Cook County, MN Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Cook County, Minnesota, have seen a general upward trajectory. Starting at about $2,435.44 in 2012, taxes have nearly doubled, reaching approximately $4,761.11 by 2021. This consistent increase might suggest a growing valuation of property in the area or possibly rising tax rates, both crucial factors for potential investors, property builders, real estate agents, appraisers, and insurance agents when considering the economic landscape. This trend might indicate a desirable market and prosperous growth, yet it also points to higher costs for residents and stakeholders involved in the local real estate market.
Percentage of Farm Returns in Cook County, MN Over the Last 5 Years
The percentage of farm returns in Cook County, Minnesota has generally hovered around 0.66% to 0.69% over the last five years. These trends demonstrate only minor fluctuations, indicating a relatively stable agricultural sector in terms of tax returns. For potential investors, property developers, or new residents, understanding farm tax returns gives insights into the agricultural economic activity and potential tax benefits linked to farming operations in the area. Despite modest changes, the consistent presence of farm tax returns can be a signal of ongoing agricultural viability and community interest in farming.
Number of Mortgages by Occupancy Type in Cook County, MN Over the Last 5 Years in Cook County
Mortgage counts in Cook County, Minnesota reveal a clear interest in principal residences over the past five years, peaking in 2020 with 230 mortgages before seeing a decline. Investment properties show a generally low but stable demand, while second residences saw significant interest that also peaked in 2020. For investors, an area with high principal residence activity may imply stable long-term rental markets. Conversely, the interest in second residences and investment properties can signal areas with potential for vacation rentals or short-term leasing. These trends are crucial for appraisers, insurance agents, and real estate professionals to understand the market dynamics and risks.
Economic Outlook
Cook County, Minnesota has experienced a steady rise in average taxable income per tax return from $46,737.58 in 2013 to $71,346.98 in 2021, suggesting improving economic conditions that could attract investors. Alongside this, average state and local income taxes have increased from $5,036.62 in 2012 to $12,957.89 in 2021, likely indicating rising incomes and economic activity. Additionally, the average total tax liability per tax return grew from $5,996.10 in 2012 to $10,369.23 in 2021,... Read more
Average Taxable Income per Tax Return in Cook County, MN over the last 9 years
Cook County, Minnesota has seen a noticeable upward trend in average taxable income per tax return over the past nine years. Starting at $46,737.58 in 2013, there has been a steady increase, peaking at $71,346.98 in 2021. This increase indicates improving economic conditions, which might suggest potential opportunities for investors. For real estate agents, this growth aligns with the idea that residents are experiencing rising incomes, possibly influencing housing demand and property values. Appraisers and insurance agents could see this as a signal of a community with increasing financial stability, potentially affecting both property valuations and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Cook County, MN Over the Last 10 Years
Cook County, Minnesota has seen a notable upward trajectory in average state and local income taxes per tax return over the past decade. Since 2012, when the average was roughly $5,036.62, there has been a consistent increase, culminating in 2021's peak average of $12,957.89. This trend is critical for potential investors, property developers, and those considering relocation, reflecting potentially rising incomes and possibly indicative of growing economic activity and public services in the area.
Average Total Tax Liability Per Tax Return in Cook County, MN Over the Last 10 Years
In Cook County, Minnesota, over the past decade, there's been a noticeable rise in average total tax liability per tax return, spiking from $5,996.10 in 2012 to $10,369.23 in 2021. This trend suggests gradually increasing financial obligations for taxpayers and might be indicative of rising local revenues or an uptick in personal incomes. Such patterns are essential for potential investors, homeowners, and real estate professionals, as they reflect on the area's economic health and fiscal environment.
Cost of Living in Cook County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,476 | $1,894 | $1,851 | $1,569 |
| 1 adult 4 children | $1,174 | $1,205 | $1,477 | $1,851 | $1,784 |
| 2 adults 3 children | $1,174 | $1,206 | $1,629 | $1,851 | $1,320 |
| 1 adult 3 children | $1,174 | $984 | $1,212 | $1,851 | $1,534 |
| 2 adults 2 children | $826 | $987 | $1,365 | $1,614 | $1,030 |
| 1 adult 2 children | $826 | $737 | $947 | $1,614 | $1,116 |
| 2 adults 1 child | $826 | $780 | $1,100 | $846 | $875 |
| 1 adult 1 child | $826 | $504 | $682 | $846 | $761 |
| 2 adults | $731 | $627 | $835 | $0 | $667 |
| 1 adult | $552 | $342 | $417 | $0 | $522 |
Safety trends & Data
Over the past five years in Cook County, Minnesota, property crime trends show a mildly increasing burglary rate, hitting 5.00 incidents in 2022, while larceny-theft has stayed low at around 1.00 incident annually. Motor vehicle theft spiked to 3.00 incidents in 2019 before dropping off, and vandalism peaked at 3.00 in 2018 but reduced to 1.00 by 2022. These diverse yet stable crime patterns could influence insurance premiums and real estate values, shaping what to expect for potential... Read more
Property Crime Trends in Cook County, MN Over the Last 5 Years
Over the past five years in Cook County, Minnesota, we've seen burglary offenses showing a mild increase, reaching 5.00 incidents in 2022. Larceny-theft incidents have remained relatively low and steady, with around 1.00 incident per year. Interestingly, motor vehicle theft spiked to 3.00 incidents in 2019 but fell back to 1.00 in 2020 and didn't reappear in subsequent years. Vandalism has fluctuated, peaking at 3.00 incidents in 2018 and dipping to 1.00 by 2022. The year 2019 recorded the only fraud case, and arson appeared solely in 2020. For those considering investments or moving to the area, these crime trends might suggest a relatively stable but diverse pattern of property crime, potentially influencing insurance premiums and real estate values.
Demographics
In Cook County, Minnesota, the adult population is fairly balanced between males and females, with a slight male majority. There tends to be a strong leaning towards higher education, as a substantial portion of residents hold bachelor's or graduate degrees, outpacing those with just high school diplomas. Age-wise, the population skews older, with significant numbers in the 55-74 year range. Racially, the county is predominantly White, though there is a meaningful representation of American... Read more
Race Distribution in Cook County, Minnesota (2022)
Educational Attainment in Cook County, Minnesota (2022)
Age Distribution in Cook County, Minnesota
Citizen Population in Cook County, Minnesota (2022)
Political Trends & Data
Cook County, Minnesota saw a significant Democratic stronghold in the 2020 U.S. Presidential Election, with around 65.6% of the votes going to the Democratic candidate. Republicans trailed at roughly 31.6%, and third-party candidates barely made a mark, collectively securing just over 2%. This might point to a notable Democratic presence that could influence local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cook County in Minnesota leaned significantly towards the Democratic party in the 2020 U.S. Presidential Election, with approximately 65.6% of the votes. Republicans garnered roughly 31.6%, while third-party candidates, including Libertarians and Greens, collectively received minimal support, combined for just over 2%. This trend suggests Cook County may be known for its strong Democratic presence in recent elections.
31.61% of voters voted for the Republican party in the 2020 Presidential Election
65.58% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% 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
1.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cook County, Minnesota's student-to-teacher ratio has hovered between ten to twelve over the past decade, consistently staying below the national average of 14 students per teacher. This low ratio is potentially attractive for families seeking quality education through individualized attention. Real estate agents and investors might find this appealing for marketing properties, while appraisers and insurance agents can see it as a sign of community stability. Builders might also explore new... Read more
Student-to-teacher ratio in Cook County, Minnesota over the last 10 years
Over the last ten years, Cook County, Minnesota has consistently had a student-to-teacher ratio below the national average of 14 students per teacher. Numbers fluctuated slightly around the ten to twelve range but never exceeded twelve in any given year. This relatively low ratio could be appealing for families prioritizing educational quality, as it implies more individualized attention for each student. For potential investors and real estate agents, highlighting this aspect might boost the area’s appeal, while appraisers and insurance agents might view these statistics as indicative of a stable community with a strong emphasis on education. Builders might also find value in considering new developments to accommodate families drawn by the beneficial student-to-teacher metrics.
