Hubbard County Real Estate and Livability Trends
Hubbard County, Minnesota has seen a striking increase in median home values, jumping from $174,300 in 2015 to $245,500 in 2022, indicating a robust local market. Tax credits for residential energy improvements reached a high of $586.67 in 2021, suggesting a growing trend towards energy efficiency which could enhance property values. The sharp rise in real estate taxes from $2,516.92 in 2012 to... Read more
Hubbard County Market Trends
Hubbard County, Minnesota's median home value rose from $174,300 in 2015 to $245,500 in 2022, outpacing the national median increase, suggesting a strong local market. Tax credits for residential energy improvements highlight a trend towards energy efficiency, peaking at $586.67 in 2021, indicating potential cost savings and enhanced property values. Real estate taxes surged from $2,516.92 in... Read more
Median Value of Occupied Housing Units in Hubbard County, Minnesota Over the Last 8 Years
Hubbard County, Minnesota's median home value has seen a steady increase over the past eight years, rising from $174,300 in 2015 to $245,500 in 2022. This represents a substantial growth that might be attractive to potential investors or those looking to relocate. Compared to the national median, which rose from $125,500 to $179,400 in the same period, Hubbard County's increase appears more robust. When looking at the state level, Minnesota's median value climbed from $186,200 to $286,800, indicating that while Hubbard County's values are rising, they are still more affordable than the statewide median. This gap could present opportunities for buyers seeking more value within Minnesota.
Residential Energy Tax Credit Per Tax Return in Hubbard County, MN Over the Last 8 Years
Over the past eight years, the average residential energy tax credit per tax return in Hubbard County, Minnesota has shown some variation, peaking at $586.67 in 2021. Notable increases are seen in 2014 and 2017, with averages of $504.76 and $514.29 respectively. This trend might suggest a growing investment in energy-efficient home improvements, which could be appealing for investors and homeowners looking for long-term cost savings and enhanced property values. Real estate agents and appraisers might find these trends useful for assessing the market's shift towards energy-efficient properties, while insurers could consider these insights for future policy adjustments.
Average Real Estate Taxes Per Tax Return in Hubbard County, MN Over the Last 10 Years
Hubbard County, Minnesota, has seen a significant increase in average real estate taxes per tax return over the past decade. Starting at approximately $2,516.92 in 2012, taxes have seen a steady rise, peaking at $4,450.00 in 2020 before slightly retreating to $4,238.30 in 2021. This trend suggests escalating property values and possibly higher municipal expenditures, which could be of interest to potential investors and real estate professionals assessing the area's market dynamics. This upward trajectory may indicate a growing or increasingly attractive locale, though it also implies higher carrying costs for property owners and developers.
Percentage of Farm Returns in Hubbard County, MN Over the Last 10 Years
The data indicates that over the last decade, the percentage of farm returns in Hubbard County, Minnesota, has shown a general decline from around 4.94% in 2012 to roughly 3.58% in 2021. Farm tax returns, which reflect the income and expenses reported by farm owners, offer insight into the agricultural activity and economic health of the region. Investors and potential residents might infer that agriculture is becoming somewhat less prevalent, potentially impacting local economic dynamics and opportunities related to farming and land use. This trend might interest those considering ventures in residential development or business investment, signaling a shift that could influence future property values and community growth patterns.
Number of Mortgages by Occupancy Type in Hubbard County, MN Over the Last 5 Years in Hubbard County
Investment in Hubbard County, Minnesota, has consistently favored principal residences, with significant spikes in mortgage counts around 2020 and 2021. Mortgages for second residences also saw notable increases during these years but generally remain lower than primary homes. Investment property mortgages, while remaining stable, are considerably lower, reflecting a limited focus on rental or commercial opportunities. Such shifts in occupancy types impact property valuations, and can influence neighborhood dynamics, insurance premiums, and investment strategies for those looking to build, buy, or sell in the area.
Economic Outlook
Hubbard County in Minnesota has seen a noticeable increase in average taxable income per tax return, rising from $47,794.45 in 2013 to $68,665.41 in 2021. This growth trend may reflect economic development and improved employment conditions, making it appealing to investors and real estate agents. Additionally, the significant rise in average state and local income taxes, from $5,619.83 in 2012 to $11,976.60 in 2021, suggests potential changes in local tax policies and economic shifts. Finally,... Read more
Average Taxable Income per Tax Return in Hubbard County, MN over the last 9 years
Over the past nine years, Hubbard County in Minnesota has experienced a noticeable increase in average taxable income per tax return, rising from $47,794.45 in 2013 to $68,665.41 in 2021. This upwards trend, which shows consistent year-on-year growth, could reflect economic development and potentially improved employment conditions in the area. These figures might interest investors, real estate agents, and insurers as an indicator of the county's growing affluence and financial health. Builders and potential movers could see this as a sign of robust local economic health and the potential for a rising demand in residential and commercial properties.
Average State and Local Income Taxes Per Tax Return in Hubbard County, MN Over the Last 10 Years
Over the last decade, Hubbard County, Minnesota has seen a significant increase in average state and local income taxes per tax return, rising from around $5,619.83 in 2012 to approximately $11,976.60 in 2021. This upward trend, particularly noticeable after 2017 when the average taxes surged from roughly $6,485.36 to over $9,526.42 in 2018, may reflect broader economic changes or shifts in local tax policies. This is crucial for potential investors, new residents, and anyone interested in the county's financial landscape, signaling a potential rise in public services or infrastructure funded by increased tax revenues.
Average Total Tax Liability Per Tax Return in Hubbard County, MN Over the Last 10 Years
Over the last decade, Hubbard County, Minnesota experienced notable fluctuations in average total tax liability per tax return, starting at $6,956.98 in 2012 and rising significantly to $9,544.88 in 2021. This general upward trend might hint at rising incomes or changes in tax policies impacting residents. Such insights could be crucial for investors, real estate agents, and insurance agents assessing market dynamics and financial planning in the area.
Cost of Living in Hubbard County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,121 | $1,408 | $1,837 | $1,445 | $1,311 |
| 1 adult 4 children | $1,121 | $1,149 | $1,432 | $1,445 | $1,520 |
| 2 adults 3 children | $1,121 | $1,150 | $1,581 | $1,445 | $1,084 |
| 1 adult 3 children | $1,121 | $939 | $1,175 | $1,445 | $1,268 |
| 2 adults 2 children | $891 | $941 | $1,324 | $1,256 | $918 |
| 1 adult 2 children | $891 | $703 | $919 | $1,256 | $962 |
| 2 adults 1 child | $891 | $744 | $1,067 | $641 | $816 |
| 1 adult 1 child | $891 | $481 | $662 | $641 | $702 |
| 2 adults | $677 | $598 | $811 | $0 | $631 |
| 1 adult | $596 | $326 | $405 | $0 | $537 |
Safety trends & Data
Hubbard County, Minnesota has seen fluctuating property crime trends over the past five years. Larceny-theft peaked at 107.00 instances in 2018 before declining, while burglary and vandalism showed more irregular patterns. Fraud saw a drastic increase in 2021 with 56.00 cases, a significant jump compared to previous years. Meanwhile, arson incidents remained minimal, and motor vehicle theft and possession of stolen property showed no substantial spikes. These trends could impact investor... Read more
Property Crime Trends in Hubbard County, MN Over the Last 5 Years
Hubbard County, Minnesota has seen fluctuating trends in property crime over the past five years, with notable variance among different categories. While larceny-theft consistently reported the highest numbers, peaking at 107.0 instances in 2018 and then significantly declining, other categories like burglary and vandalism have shown more irregular patterns. Interestingly, fraud drastically increased in 2021 with 56.0 cases, more than four times that of other years. Arson incidents have remained minimal, and crimes like motor vehicle theft and possession of stolen property have not exhibited substantial spikes. This dynamic landscape of property crime presents unique challenges and opportunities for potential investors, insurance agents, and real estate professionals in accurately assessing and addressing security and risk management in the area.
Demographics
Hubbard County, Minnesota, displays a near balance in gender distribution with a slight male majority. The region's educational attainment reveals a significant portion of residents with only high school education or some college, but there’s also a notable presence of individuals holding bachelor's and advanced degrees. The age distribution skews older, with a substantial number of residents aged 55 and above, suggesting a trend toward an aging population. Racially, the county is... Read more
Race Distribution in Hubbard County, Minnesota (2022)
Educational Attainment in Hubbard County, Minnesota (2022)
Age Distribution in Hubbard County, Minnesota
Citizen Population in Hubbard County, Minnesota (2022)
Political Trends & Data
Hubbard County in Minnesota leaned heavily Republican in the 2020 Presidential Election, with roughly 63% of votes possibly going to the Republican candidate and around 34% to the Democratic contender. Third-party candidates like Libertarians and Greens collectively appear to have secured less than 4% of the vote, indicating this area might favor a predominantly two-party preference with limited support for smaller... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hubbard County in Minnesota appears to have leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 63% of the votes potentially going to the Republican candidate. In contrast, the Democratic candidate might have garnered roughly 34% of the vote. Third-party candidates such as the Libertarian, Green, and Other parties collectively seem to have received under 4% of the total vote. This suggests that Hubbard County may tend toward predominantly two-party system preferences, with limited traction for smaller parties.
63.26% of voters voted for the Republican party in the 2020 Presidential Election
34.42% of voters voted for the Democrat party in the 2020 Presidential Election
1.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Green party in the 2020 Presidential Election
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hubbard County, Minnesota has seen its student-to-teacher ratio hit over 21 in both 2017 and 2022, well above the national average of 14. Such fluctuations might impact educational quality and subsequently influence property values and demand. For investors and real estate agents, this trend could be crucial when advising clients since better educational outcomes often make properties more appealing to families. These variations also offer valuable insights for appraisers and insurance agents,... Read more
Student-to-teacher ratio in Hubbard County, Minnesota over the last 10 years
Hubbard County, Minnesota has seen significant fluctuations in its student-to-teacher ratio over the past decade. The ratio peaked dramatically at over 21 in 2017 and 2022, compared to the national average of 14 students per teacher. Such variance could have implications for educational quality, potentially affecting both property values and demand in the area. Investors and real estate agents might consider these trends when advising clients, as lower ratios often correlate with better educational outcomes, potentially making properties more attractive to families. For appraisers and insurance agents, understanding these variations could provide insights into community priorities and risks, influencing both assessments and policy decisions.
