Cottonwood County Real Estate and Livability Trends
Cottonwood County, Minnesota, has witnessed a notable rise in median home values from $87,200 in 2015 to $141,600 in 2022, making it an enticing market for investors seeking affordability. Despite a peak in real estate taxes at $3,556.25 in 2021, these costs remain below state and national averages, potentially balancing the financial scales favorably for investors. Furthermore, the county's... Read more
Cottonwood County Market Trends
Median home values in Cottonwood County, Minnesota, rose sharply from $87,200 in 2015 to $141,600 in 2022. Still more affordable than the state and national averages, this upward trend might present an attractive option for savvy investors. The region also experienced fluctuating residential energy tax credits, peaking at $560.00 in 2014 and $800.00 in 2016, which could influence financial... Read more
Median Value of Occupied Housing Units in Cottonwood County, Minnesota Over the Last 8 Years
Median home values in Cottonwood County, Minnesota have shown a significant upward trend over the last eight years, rising from $87,200 in 2015 to $141,600 in 2022. This growth, while notable, gains context when compared to the statewide and national trends. In Minnesota, median home values climbed from $186,200 to $286,800 during the same period, while nationally, values increased from $125,500 to $179,400. This indicates that while Cottonwood County's property values are increasing, they still trail behind both state and national averages, potentially offering a more affordable entry point for investors and homebuyers seeking opportunities amidst broader market growth.
Residential Energy Tax Credit Per Tax Return in Cottonwood County, MN Over the Last 8 Years
Over the past eight years, Cottonwood County, Minnesota has exhibited fluctuating average residential energy tax credits per tax return, with notable peaks in 2014 at $560.00 and in 2016 at $800.00. There's a discernible trend of significant variability, which potential investors and homeowners might observe with interest, as these tax credits can substantially influence financial planning. Builders and real estate agents could leverage these credits to highlight potential cost savings in energy-efficient homes, while appraisers and insurance agents should remain aware of these fluctuations to accurately assess value and risk.
Average Real Estate Taxes Per Tax Return in Cottonwood County, MN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Cottonwood County, Minnesota have seen noticeable fluctuations. Beginning at around $1,887.74 in 2012, there was a dip to $1,786.46 in 2014, but overall, the trend shows a significant increase, peaking at $3,556.25 in 2021. This likely reflects broader economic changes and developments within the county, presenting important considerations for potential investors, property developers, and those involved in real estate. Such an upward trajectory in taxes could impact property values and the cost of living, making it crucial for stakeholders to factor in these potential expenses.
Percentage of Farm Returns in Cottonwood County, MN Over the Last 10 Years
In Cottonwood County, Minnesota, farm tax returns have generally hovered around 13.00% over the past decade, with slight fluctuations. Notable dips to approximately 12.04% in 2020 and 12.49% in 2021 suggest some variability but not significant deviation from the long-term average. This stability in farm returns is potentially reassuring for investors and residents, suggesting a relatively steady agricultural economy which could be a strong foundation for local growth and investment opportunities.
Number of Mortgages by Occupancy Type in Cottonwood County, MN Over the Last 5 Years in Cottonwood County
Over the past five years, Cottonwood County, Minnesota has experienced a notable decline in mortgage counts across all types of properties, most significantly in principal residences which dropped from 440 in 2020 to 309 in 2022. Interestingly, investment properties have seen a sharp decrease, with just 7 mortgages in 2022 compared to 24 in 2020. For real estate agents and investors, understanding these trends can offer valuable insights into shifting market dynamics. Reduced mortgage activity for investment properties suggests a cooling interest in rental markets, which may influence property valuations and insurance premiums. Homebuyers and appraisers might notice a shift in demand, potentially affecting price stabilization in the area. Additionally, developers should consider these patterns when planning new builds, as they signal changing occupant preferences and economic conditions.
Economic Outlook
Cottonwood County, Minnesota has seen a significant upward trend in average taxable income per tax return, peaking at $67,503.39 in 2021, which might imply new economic opportunities and growth, potentially boosting real estate investment appeal. However, the county's average state and local income taxes have shown marked volatility, peaking at $10,100.00 in 2021, indicating a somewhat unpredictable tax environment that demands careful financial planning. With average total tax liability... Read more
Average Taxable Income per Tax Return in Cottonwood County, MN over the last 9 years
Cottonwood County, Minnesota has seen a generally upward trend in average taxable income per tax return over the past nine years, with a notable spike in 2021 reaching $67,503.39. Despite some fluctuations, the overall increase may indicate a strengthening local economy. The significant rise in 2021 could suggest new economic opportunities or local growth, potentially making the county more attractive for investment and real estate development. Those interested in property or financial services like appraisals and insurance might find this evolving economic landscape worth considering.
Average State and Local Income Taxes Per Tax Return in Cottonwood County, MN Over the Last 10 Years
In Cottonwood County, Minnesota, the average state and local income taxes per tax return have shown notable fluctuations over the last decade, peaking at $10,100.00 in 2021. Generally, there’s been a mix of rises and dips, with significant highs in 2013 and 2021, interspersed with periods of decline such as in 2016 to 2018. For potential investors or residents, this trend indicates a somewhat volatile tax landscape, suggesting a need for attentive financial planning.
Average Total Tax Liability Per Tax Return in Cottonwood County, MN Over the Last 10 Years
The average total tax liability per tax return in Cottonwood County, Minnesota, has experienced significant fluctuations over the past decade. After a steady decline from 2012's peak of $9,181.10 to a low of $6,847.21 in 2018, there has been a notable increase, culminating in a high of $9,486.37 by 2021. These trends could be indicative of varying local economic conditions, changes in property values, or shifts in the county's demographics. Understanding these patterns might be crucial for potential investors, real estate agents, and insurance professionals when evaluating financial commitments, property valuations, and market opportunities within Cottonwood County.
Cost of Living in Cottonwood County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,029 | $1,339 | $1,792 | $1,445 | $1,182 |
| 1 adult 4 children | $1,029 | $1,094 | $1,396 | $1,445 | $1,378 |
| 2 adults 3 children | $1,029 | $1,094 | $1,542 | $1,445 | $971 |
| 1 adult 3 children | $1,029 | $893 | $1,146 | $1,445 | $1,140 |
| 2 adults 2 children | $826 | $896 | $1,292 | $1,256 | $842 |
| 1 adult 2 children | $826 | $669 | $896 | $1,256 | $864 |
| 2 adults 1 child | $826 | $708 | $1,042 | $641 | $750 |
| 1 adult 1 child | $826 | $457 | $646 | $641 | $635 |
| 2 adults | $706 | $569 | $792 | $0 | $610 |
| 1 adult | $552 | $310 | $396 | $0 | $497 |
Safety trends & Data
Cottonwood County, Minnesota has shown modest fluctuations in property crime over the past five years. Fraud incidents notably spiked in 2019 with 29 cases, a striking outlier compared to typical single-digit yearly figures. Larceny-theft, the most common property crime, has shown a downward trend from 7 cases in 2018 to just 3 cases in both 2020 and 2022, while vandalism has remained steady, averaging around 3 to 5 incidents annually. Motor vehicle theft has also seen a marginal decline. This... Read more
Property Crime Trends in Cottonwood County, MN Over the Last 5 Years
Cottonwood County, Minnesota has experienced modest fluctuations in property crimes over the past five years. Notably, fraud incidents spiked in 2019 with 29 cases, marking a significant outlier compared to other years that generally report single-digit occurrences. Larceny - theft, while the most frequent type of property crime, has shown a decreasing trend from 7 cases in 2018 to 3 cases both in 2020 and 2022. Vandalism appears consistent, averaging around 3 to 5 incidents annually, and motor vehicle theft has marginally declined. The overall stability and specific upswings in certain crime types could be useful for insurance agents assessing risk, real estate agents advising clients, and investors considering the local property market's security aspects.
Demographics
Cottonwood County in Minnesota shows a balanced gender distribution among adults, with slightly more females than males. The educational attainment data reveals a sizable portion of residents possessing a high school diploma or some college education, though a smaller percentage have advanced degrees. Age-wise, there's a broad spread across all age ranges, indicating a community with diverse age groups including a solid number of seniors. The racial composition highlights a predominantly White... Read more
Race Distribution in Cottonwood County, Minnesota (2022)
Educational Attainment in Cottonwood County, Minnesota (2022)
Age Distribution in Cottonwood County, Minnesota
Citizen Population in Cottonwood County, Minnesota (2022)
Political Trends & Data
The 2020 U.S. Presidential Election results in Cottonwood County, Minnesota showed a strong tendency towards the Republican Party, capturing around 68% of the vote, compared to nearly 30% for the Democrats. This could mirror a larger trend of Republican support in rural areas throughout Minnesota, with minor parties like the Libertarians and Greens holding minimal... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cottonwood County, Minnesota, the 2020 U.S. Presidential Election results illustrated a significant lean towards the Republican Party, which seemed to have garnered approximately 68% of the vote. This contrasts sharply with nearly 30% for the Democrats. Minor parties like the Libertarians and Greens captured smaller fractions of the electorate, potentially reflecting limited influence. This pattern might be indicative of broader political sentiments in rural regions of the state.
68.20% of voters voted for the Republican party in the 2020 Presidential Election
30.03% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.65% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cottonwood County, Minnesota has experienced fluctuating student-to-teacher ratios, peaking at over 16 students per teacher in 2021 before stabilizing at 11.42 in 2023. These shifts may suggest challenges or adjustments in educational funding, teacher retention, or student enrollment. Despite the fluctuations, the current ratio remains more favorable than the national average of 14, which could appeal to families seeking smaller class sizes and more individualized... Read more
Student-to-teacher ratio in Cottonwood County, Minnesota over the last 10 years
Cottonwood County, Minnesota has seen shifts in its student-to-teacher ratio over the past decade, hovering around 10 to 12 students per teacher before spiking to over 16 in 2021 and then settling back to 11.42 by 2023. This fluctuation implies possible challenges or adjustments in educational funding, teacher retention, or student enrollment rates which could impact long-term planning for school districts, investors, and families considering a move. Comparatively, the area's current ratio is still more favorable than the national average of 14 students per teacher, potentially making it attractive for those prioritizing smaller class sizes and more individualized attention in education.
