Fillmore County Real Estate and Livability Trends
Fillmore County, Minnesota has seen a general rise in both median home values and taxable income, signaling possible economic improvements and opportunities for real estate investments. Between 2015 and 2022, median home values increased from $140,100 to $196,200. On the other hand, the average taxable income per tax return climbed to about $66,419.96 in 2021 but with state and local income taxes... Read more
Fillmore County Market Trends
In Fillmore County, Minnesota, median home values climbed from $140,100 in 2015 to $196,200 in 2022, still below the state average but showing consistent growth, hinting at economic improvements. Residential energy tax credits showed notable volatility, peaking at $4250.00 in 2018 and pointing to increased spending on energy-efficient improvements. Real estate taxes also rose, hitting $3,102.86... Read more
Median Value of Occupied Housing Units in Fillmore County, Minnesota Over the Last 8 Years
Over the past eight years, Fillmore County, Minnesota has seen its median home values increase from $140,100 in 2015 to $196,200 in 2022. Although this is below Minnesota's state average of $286,800 for 2022, it still shows a consistent upward trend. This could be indicative of gradual local economic improvements and could present growth opportunities for potential investors. When compared to the national average of $179,400 in 2022, Fillmore County's housing market appears to be slightly more affordable while still providing steady value appreciation.
Residential Energy Tax Credit Per Tax Return in Fillmore County, MN Over the Last 9 Years
Over the past nine years, Fillmore County, Minnesota has seen fluctuations in the average residential energy tax credit per tax return. Notably, there was a significant spike in 2018 when the average credit soared to $4250.00, followed by a dramatic decrease in 2019 to $2176.92. Despite these peaks and valleys, the overall trend indicates an increase from $545.45 in 2013 to $904.76 in 2021. This data is potentially valuable for real estate agents and investors as it may hint at increasing investments in energy-efficient home improvements. Additionally, appraisers and insurance agents could see a correlation between these energy tax credits and the modernization of properties in the area.
Average Real Estate Taxes Per Tax Return in Fillmore County, MN Over the Last 10 Years
In Fillmore County, Minnesota, average real estate taxes per tax return have seen notable fluctuations over the past decade, starting at $2,002.51 in 2012 and climbing to $3,063.33 by 2021. After a decline to $1,826.32 in 2014, the trend reversed, particularly from 2016 onwards, with a peak at $3,102.86 in 2020. This upward trajectory, aside from a slight dip from 2020 to 2021, could indicate growing property values and a robust real estate market, making it potentially appealing for investors, developers, and real estate professionals. Moreover, those already living in or moving to Fillmore County might experience higher property taxes, affecting overall cost of living.
Percentage of Farm Returns in Fillmore County, MN Over the Last 10 Years
Farm tax returns in Fillmore County, Minnesota have subtly fluctuated over the past decade, starting at 15.02% in 2012 and gradually edging down to 13.11% by 2021. This downward trend could imply a decreasing presence or income of agricultural operations in the area. For potential investors or new residents, this trend might suggest an evolving economic landscape, potentially shifting away from traditional farming. The lower farm return rates might also influence property values and land usage, hinting at broader economic diversification in Fillmore County.
Number of Mortgages by Occupancy Type in Fillmore County, MN Over the Last 5 Years in Fillmore County
Over the last five years, Fillmore County, Minnesota experienced fluctuations in mortgage counts primarily for principal residences, peaking in 2021 and dipping in 2022. Mortgages for investment properties and second residences remained relatively stable but low in comparison. Changes in occupancy types highlight shifts in real estate demand and can influence local market dynamics; for investors and developers, a rise in principal residence mortgages could signal increased permanent residency, affecting long-term rental markets and property values. Real estate agents and insurance agents might see these trends as indicators of shifting risk profiles and new business opportunities.
Economic Outlook
In Fillmore County, Minnesota, the average taxable income per tax return has experienced a general upward trend over the past nine years, peaking at around $66,419.96 in 2021. Interestingly, while income appears to be rising, the average state and local income taxes per tax return have more than doubled from $5,732.07 in 2012 to $11,081.82 in 2021. This shift might reflect local fiscal policy changes or broader economic dynamics, creating a mixed financial landscape for potential property... Read more
Average Taxable Income per Tax Return in Fillmore County, MN over the last 9 years
Over the past nine years, Fillmore County, Minnesota has seen a generally upward trend in average taxable income per tax return. Starting at approximately $53,023.12 in 2013, there have been occasional dips, but notable growth was observed from 2017 onwards, peaking significantly at around $66,419.96 in 2021. This increase may indicate an improving local economy and higher earnings potential, which could be attractive to potential investors, property developers, and new residents evaluating the region for economic opportunities.
Average State and Local Income Taxes Per Tax Return in Fillmore County, MN Over the Last 10 Years
Fillmore County, Minnesota has seen a notable increase in average state and local income taxes per tax return over the past decade. In 2012, the average was $5,732.07, but by 2021, it had climbed to $11,081.82. This upward trend suggests a potentially greater financial burden on residents, which could impact the area's appeal to new investors and those looking to relocate. The significant jumps in 2018 and particularly in 2020 and 2021 may indicate changes in local fiscal policies or shifts in the local economy, making it critical for prospective property builders and investors to stay informed on tax implications.
Average Total Tax Liability Per Tax Return in Fillmore County, MN Over the Last 10 Years
Fillmore County, Minnesota, has shown significant fluctuations in average total tax liability per tax return over the past decade, ranging from $6,520.29 in 2012 to a high of $9,848.61 in 2021. Notably, there was a steep increase between 2020 and 2021, which suggests potential policy changes or economic factors affecting tax returns. Real estate professionals, appraisers, and potential investors should consider these variations as they could influence the overall financial landscape and tax planning strategies in the area.
Cost of Living in Fillmore County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,184 | $1,633 | $2,404 | $1,759 | $1,816 |
| 1 adult 4 children | $1,184 | $1,333 | $1,888 | $1,759 | $1,979 |
| 2 adults 3 children | $1,184 | $1,334 | $2,061 | $1,759 | $1,507 |
| 1 adult 3 children | $1,184 | $1,089 | $1,545 | $1,759 | $1,677 |
| 2 adults 2 children | $873 | $1,092 | $1,717 | $1,527 | $1,171 |
| 1 adult 2 children | $873 | $816 | $1,202 | $1,527 | $1,250 |
| 2 adults 1 child | $873 | $863 | $1,374 | $774 | $972 |
| 1 adult 1 child | $873 | $557 | $859 | $774 | $829 |
| 2 adults | $663 | $693 | $1,031 | $0 | $715 |
| 1 adult | $659 | $378 | $516 | $0 | $615 |
Safety trends & Data
Property crime trends in Fillmore County, Minnesota, reveal a low and stable rate over the last five years. Burglary incidents were low with only one case each in 2018, 2021, and 2022, while stolen property crimes peaked slightly in 2020 with two cases. Minimal fluctuations in motor vehicle theft and vandalism incidents suggest a stable environment attractive to investors, homebuyers, and real estate professionals interested in long-term property value... Read more
Property Crime Trends in Fillmore County, MN Over the Last 5 Years
Property crime trends in Fillmore County, Minnesota show a fairly low and stable rate over the last five years, reflecting a possible sense of community safety for residents and stakeholders. Burglary incidents are consistent with one case each in 2018, 2021, and 2022, while stolen property crimes peaked slightly in 2020 with two cases. Motor vehicle theft and vandalism each had one reported incident in 2019. These minimal fluctuations indicate a relatively stable environment which might appeal to potential investors, homebuyers, appraisers, and real estate agents looking at long-term property value retention.
Demographics
The adult population in Fillmore County, Minnesota, reflects a near-equal distribution between males and females, suggesting a balanced gender ratio. Educational attainment varies significantly, with high school graduates making up a substantial portion, while fewer residents possess graduate or professional degrees. Age distribution indicates a concentration of residents in the 35 to 64 age range. In terms of racial composition, the county is predominantly White, with limited representation... Read more
Race Distribution in Fillmore County, Minnesota (2022)
Educational Attainment in Fillmore County, Minnesota (2022)
Age Distribution in Fillmore County, Minnesota
Citizen Population in Fillmore County, Minnesota (2022)
Political Trends & Data
In Fillmore County, Minnesota, approximately 60% of voters leaned Republican in the 2020 Presidential Election, with around 37% supporting the Democratic Party. Minor parties such as the Libertarian and Green parties collectively made up just over 2% of the vote. This strong partisan preference may influence future political strategies and campaigns in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Fillmore County, Minnesota, a significant majority leaned Republican in the 2020 Presidential Election, with approximately 60% of the vote. The Democratic Party garnered roughly 37%, showing a notable, though smaller, base of support. Minor parties such as the Libertarian and Green parties, along with other affiliations, collectively made up a little over 2% of the vote, highlighting a limited impact on the overall election results. These trends could suggest strong partisan preferences in this county, impacting future political strategies and campaign focuses.
60.14% of voters voted for the Republican party in the 2020 Presidential Election
37.48% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
1.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratios in Fillmore County, Minnesota have modestly increased over the past decade, reaching over 14 in 2023 and surpassing national figures. This trend might reflect larger class sizes or pressures on educational resources, which could be pivotal for potential investors or movers. Real estate professionals should keep an eye on these changes since they could substantially influence property values and community... Read more
Student-to-teacher ratio in Fillmore County, Minnesota over the last 10 years
Student-to-teacher ratios in Fillmore County, Minnesota have varied from about 13 to over 14 over the past decade. Notably, recent years have seen this ratio climb above the national average, standing at 14 and rising to over 14 in 2023. This could be indicative of larger class sizes or strain on educational resources, and might be a key consideration for potential investors or those planning to move to the area. Real estate agents, insurance agents, appraisers, and builders should all be aware of these factors, as changes in educational quality can significantly impact property values and community demographics.
