Grant County Real Estate and Livability Trends
Grant County, Minnesota's real estate landscape reflects some intriguing trends with rising median home values ($101,500 in 2015 to $161,100 in 2022) and substantially increased real estate taxes ($2,242.86 in 2012 to $3,090.00 in 2021). The county has seen a generally upward trajectory in taxable income per tax return, from about $58,420.95 in 2013 to $67,043.29 in 2021, alongside fluctuating... Read more
Grant County Market Trends
Grant County, Minnesota, has experienced a notable shift in median home values, jumping from $101,500 in 2015 to $161,100 in 2022, still below state and national averages. Real estate taxes have trended upwards significantly over the past decade, starting at roughly $2,242.86 in 2012 and climbing to $3,090.00 by 2021. Mortgage counts reveal principal residences are dominant, with investment... Read more
Median Value of Occupied Housing Units in Grant County, Minnesota Over the Last 8 Years
Median home values in Grant County, Minnesota have seen a steady rise over the last eight years, climbing from $101,500 in 2015 to $161,100 in 2022. While this may seem substantial, these values still fall significantly below both the state and national averages, indicating potentially more affordable entry points for investors or those looking to move. This trajectory is curious since the state average jumped from $186,200 to $286,800, and the national average increased from $125,500 to $179,400 during the same period.
Residential Energy Tax Credit Per Tax Return in Grant County, MN Over the Last 7 Years
Grant County, Minnesota has shown some variability in Residential Energy Tax Credit per tax return over the past seven years. Peaks were seen in 2013 and 2019, hitting $337.50 and $466.67 respectively, reflecting possible surges in energy-efficient investments or incentive programs during those years. Lower averages, like the $166.67 in 2014, suggest fluctuating interest or changes in policy effectiveness. For potential investors, builders, and real estate agents, understanding these trends could help gauge community investment in energy efficiency and predict future demand or policy adjustments.
Average Real Estate Taxes Per Tax Return in Grant County, MN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Grant County, Minnesota have revealed a notable upward trend. Starting at approximately $2,242.86 in 2012, property owners saw a significant increase by 2018, when the average figure reached $3,172.73. Although there was a slight dip in 2019, the taxes rose again to an average of $3,090.00 by 2021. These changes might be crucial for investors, real estate agents, and anyone considering moving to or doing business in the area, signaling a progressive rise in property tax liabilities over the years.
Percentage of Farm Returns in Grant County, MN Over the Last 10 Years
Grant County, Minnesota has seen fluctuations in the percentage of farm tax returns over the past decade, with figures generally hovering around the 14% mark. The highest recorded percentage was approximately 14.87% in 2015, while the lowest was near 12.58% in 2019. Farm tax returns, which refer to the tax filings specifically from agricultural activities, can provide insights into the economic health and prominence of farming in the area. These metrics are vital for investors, developers, and residents as they reflect underlying economic trends that could influence decisions related to property investments, agricultural business opportunities, and community development in the county.
Number of Mortgages by Occupancy Type in Grant County, MN Over the Last 5 Years in Grant County
Grant County, Minnesota, has seen fluctuating mortgage counts for different occupancy types over the past five years. Principal residences dominate the mortgage landscape, peaking in 2020 but showing variability throughout. Investment properties and second residences have much lower figures, with second residences seeing a noticeable drop from 40 in 2020 to 15 in 2022. These trends can impact investment decisions, as a higher number of principal residence mortgages might indicate stability and lower risks, while shifts in second residence mortgages could reflect changes in vacation home desirability or economic factors influencing discretionary spending. For appraisers and insurance agents, understanding these dynamics aids in assessing property values and risk profiles more accurately. For real estate agents and developers, these insights help align strategies with market trends, potentially adjusting focus between primary and secondary home buyers.
Economic Outlook
Grant County, Minnesota's real estate market insights reveal intriguing financial trends over the past decade. Average taxable income per tax return has generally trended upward, starting from about $58,420.95 in 2013 and rebounding to $67,043.29 in 2021 after a slight dip mid-decade. However, the average state and local income taxes per return have fluctuated, with highs in 2013 ($9,910.00) and lows in 2016 ($7,301.61), hinting at possibly changing regional economic conditions. Total tax... Read more
Average Taxable Income per Tax Return in Grant County, MN over the last 9 years
Grant County, Minnesota has witnessed a fluctuating yet generally upward trend in average taxable income per tax return over the past nine years. Starting from around $58,420.95 in 2013, the income slightly dropped to approximately $55,351.55 by 2017 before rebounding to $67,043.29 in 2021. These shifts could reflect local economic changes, employment trends, and possibly demographic shifts, which matter to potential investors, property developers, and real estate professionals aiming to operationalize plans based on financial stability and growth patterns in the area.
Average State and Local Income Taxes Per Tax Return in Grant County, MN Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Grant County, Minnesota have exhibited noticeable fluctuations, with peaks in 2013 ($9,910.00) and 2021 ($9,145.45), and a notable dip in 2016 ($7,301.61). This variation may suggest changing economic conditions or policy shifts in the region. Investors, potential residents, and property developers might find these trends indicative of the county's economic health and tax climate, which could impact future financial planning and investments.
Average Total Tax Liability Per Tax Return in Grant County, MN Over the Last 10 Years
In Grant County, Minnesota, the average total tax liability per tax return has shown a general downward trend over the past decade, dropping from approximately $10,431.42 in 2012 to about $7,454.59 in 2019. This decline may point to various economic shifts or policy changes affecting residents' tax burdens. Notably, there has been a resurgence in tax liability in recent years, suggesting potential economic recovery or changes in income levels, with figures rising to around $9,375.00 by 2021. This fluctuation can be significant for prospective investors, real estate professionals, and current residents trying to gauge financial obligations and economic health in the area.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,504 | $1,738 | $1,445 | $1,353 |
| 1 adult 4 children | $1,174 | $1,228 | $1,353 | $1,445 | $1,566 |
| 2 adults 3 children | $1,174 | $1,229 | $1,496 | $1,445 | $1,120 |
| 1 adult 3 children | $1,174 | $1,003 | $1,111 | $1,445 | $1,311 |
| 2 adults 2 children | $826 | $1,006 | $1,254 | $1,256 | $897 |
| 1 adult 2 children | $826 | $751 | $869 | $1,256 | $932 |
| 2 adults 1 child | $826 | $795 | $1,012 | $641 | $795 |
| 1 adult 1 child | $826 | $513 | $627 | $641 | $674 |
| 2 adults | $633 | $639 | $770 | $0 | $620 |
| 1 adult | $552 | $348 | $385 | $0 | $519 |
Safety trends & Data
Grant County, Minnesota, has seen relatively low property crime rates in recent years, which might be appealing to real estate agents, potential residents, and investors. Despite a minor uptick in larceny-theft arrests from 1.0 in 2020 to 2.0 in both 2021 and 2022, the overall consistency in low crime rates hints at a relatively safe community. This stability in safety metrics could contribute to maintaining or even increasing property values over... Read more
Property Crime Trends in Grant County, MN Over the Last 4 Years
Grant County, Minnesota, has witnessed relatively low property crime rates over the past four years, with particularly modest occurrences of burglary and larceny-theft. Notably, larceny-theft slightly increased from 1.0 arrest in 2020 to 2.0 arrests in both 2021 and 2022, which could imply a small upward trend or possibly better reporting/enforcement. In 2021, there was also a reported case of stolen property, which seems uncommon given the data. For stakeholders such as real estate agents, potential residents, and investors, the consistency in low crime rates might be seen as an appealing factor, suggesting a relatively safe community.
Demographics
Grant County, Minnesota shows a nearly balanced adult population between males and females, which might suggest a stable community structure. Regarding education, the majority hold a high school diploma or have attended some college, but there's a noticeable drop in higher education completion rates. The age distribution reveals a sizable proportion of residents are over 55, highlighting potential future shifts in resource needs toward senior services. With an overwhelming majority of the... Read more
Race Distribution in Grant County, Minnesota (2022)
Educational Attainment in Grant County, Minnesota (2022)
Age Distribution in Grant County, Minnesota
Citizen Population in Grant County, Minnesota (2022)
Political Trends & Data
Grant County, Minnesota, appears to lean Republican, possibly demonstrating around 62% support in the 2020 U.S. Presidential Election, with Democrats trailing at perhaps 36%. The smaller, alternative parties, like Libertarians and Greens, may have collectively garnered just over 2%, highlighting minor yet potentially influential political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grant County, Minnesota, showed a leaning towards the Republican party in the 2020 U.S. Presidential Election, capturing possibly around 62% of the vote. Democrats seemed to have secured roughly 36%, indicating a significant, albeit trailing, presence. Libertarian, Green, and other parties collectively might have drawn just over 2% of the votes, illustrating minor, yet potentially pivotal, alternative political currents in the county.
62.10% of voters voted for the Republican party in the 2020 Presidential Election
35.58% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.93% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grant County, Minnesota has experienced fluctuations in the student-to-teacher ratio, ranging from 11.63 in 2014 to 14.47 in 2020. Periods with lower ratios suggest more personalized attention for students, which may appeal to families looking to move into the area. Conversely, peaks in the ratio could impact levels of individual support, influencing real estate valuations and investment decisions in the... Read more
Student-to-teacher ratio in Grant County, Minnesota over the last 10 years
Grant County, Minnesota has seen its student-to-teacher ratio fluctuate over the last decade, ranging from approximately 11.63 in 2014 to 14.47 in 2020. This trend indicates that at times, class sizes have been slightly below the national average of 14 students per teacher, which could suggest more personalized attention for students during those periods. However, peaks in the ratio, particularly in 2019 and 2020, may impact the level of individual support students receive, which might be a consideration for families moving into the area or investors in educational infrastructure. Potential changes in these ratios hold significant implications for appraisers, real estate agents, and insurance agents when assessing the attractiveness and valuation of properties within the county.
