Jackson County Real Estate and Livability Trends
In Jackson County, Minnesota, the average taxable income per tax return hit $69,175.30 in 2021, hinting at potential upward trends in property values which might be appealing to investors. Median home values rose to $140,500 in 2022, considerably below the state median, suggesting affordability but also stable investment potential. The drop in mortgage counts for principal residences in 2022... Read more
Jackson County Market Trends
Jackson County, Minnesota has seen median home values gradually rise, peaking at $140,500 in 2022, well below the state's median of $286,800. This positions the area as more affordable, yet the consistent growth could indicate stable investment opportunities. Residential energy tax credits fluctuated over the last eight years, with a notable peak at $420.00 in 2015 before settling at $525.00 by... Read more
Median Value of Occupied Housing Units in Jackson County, Minnesota Over the Last 8 Years
Jackson County, Minnesota experienced a trend of gradual increases in median home values over the last 8 years, peaking at $140,500 in 2022. When compared to the state's median of $286,800 for the same year, Jackson County's housing market appears relatively affordable. Nationally, the median value was $179,400 in 2022, indicating that Jackson County may offer more budget-friendly options for potential homeowners and investors. Despite the lower values, the consistent growth trajectory could signal a stable investment opportunity.
Residential Energy Tax Credit Per Tax Return in Jackson County, MN Over the Last 8 Years
In Jackson County, Minnesota, the average residential energy tax credit per tax return has shown notable fluctuations over the last eight years. The value appears to have increased from $200.00 in 2013 to $525.00 by 2021, with a peak at $420.00 in 2015 and a subsequent dip in the following years. Such variability in energy tax credits could imply changing local energy policies or shifts in residential energy efficiency investments. For real estate agents, appraisers, and prospective homeowners, this trend may reflect evolving incentives for sustainable living and potential cost-saving measures, making it a relevant consideration when evaluating residential property investments.
Average Real Estate Taxes Per Tax Return in Jackson County, MN Over the Last 10 Years
Over the past decade, Jackson County, Minnesota has seen a notable increase in average real estate taxes per tax return, climbing from around $1,650.00 in 2012 to approximately $2,423.08 in 2021. Although there were minor fluctuations, including a dip in 2013, the overall trend indicates a steady rise, particularly accelerating from 2017 onwards. This upward progression may be indicative of rising property values or changes in tax policy, which could be relevant for investors, homeowners, and professionals involved in real estate, such as appraisers and insurance agents, when evaluating the area's fiscal climate.
Percentage of Farm Returns in Jackson County, MN Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Jackson County, Minnesota has stayed within a range of approximately 16.39% to 17.67%. Farm tax returns are fiscal documents submitted by farmers to report income, expenses, and other financial details related to farming activities, which can offer insights into the agricultural economic health of the area. For potential investors, property developers, and residents, the relatively stable percentage of farm returns suggests a consistent agricultural presence, potentially mitigating risk and offering a steady economic foundation for ventures tied to the county's farming sector.
Number of Mortgages by Occupancy Type in Jackson County, MN Over the Last 5 Years in Jackson County
In Jackson County, Minnesota, the past five years have seen noticeable shifts in mortgage counts by occupancy type, with principal residences dominating the market. For instance, mortgage counts for principal residences peaked in 2021 at 435, then significantly dropped to 222 in 2022. Investment property mortgages, while far fewer in number, have remained relatively constant with a minor peak in 2021 at 10. Second residence mortgages have shown minimal fluctuation, staying within a small range. These changes in occupancy types might matter because they indicate evolving residential trends that can affect local property values and market stability. Investors looking to buy property in the area would be interested in the decreased mortgage count for principal residences, as it might signify a cooling market, potentially leading to lower prices. Conversely, the steady numbers for investment properties could suggest opportunities for rental markets. Real estate agents and appraisers might also see these trends as a signal of shifting demand, which can alter the valuation strategies. Insurance agents would need to consider these trends while assessing risk and insurance policy requirements. Overall, these insights help in shaping more informed decisions for various stakeholders.
Economic Outlook
In Jackson County, Minnesota, the average taxable income per tax return has seen a general upward trend over the past nine years, hitting $69,175.30 in 2021. This rising prosperity could imply increasing property values, making it attractive to real estate investors. State and local income taxes have fluctuated significantly, with peaks in 2015 and 2020, suggesting periods of economic health or policy shifts. Average total tax liability has also varied, peaking in 2021, which could impact... Read more
Average Taxable Income per Tax Return in Jackson County, MN over the last 9 years
In Jackson County, Minnesota, the average taxable income per tax return has shown a general upward trend over the past nine years, reaching $69,175.30 in 2021. This could indicate a rising economic prosperity within the county. Such trends might suggest potential increases in property values and a stronger local economy, which can be appealing for real estate investors and developers. The noticeable spike in average taxable income in recent years also implies a potentially higher tax base, catching the attention of appraisers and insurance agents who monitor economic indicators closely.
Average State and Local Income Taxes Per Tax Return in Jackson County, MN Over the Last 10 Years
Over the past decade, Jackson County, Minnesota has exhibited significant fluctuations in average state and local income taxes per tax return. Notable peaks occurred in 2015 with $10,078.26 and again in 2020 with $9,266.67, suggesting periods of relative prosperity or changes in tax policy. Investors and potential residents might find these trends indicative of the county's economic health and the financial obligations tied to living there. Such data could point to periods of economic growth or stability, influencing decisions on property investments or relocations.
Average Total Tax Liability Per Tax Return in Jackson County, MN Over the Last 10 Years
In Jackson County, Minnesota, average total tax liability per tax return has fluctuated over the past decade, peaking at $9,836.50 in 2021 and bottoming out at $7,129.29 in 2019. This variability could impact potential investors and those considering relocation, as it reflects economic shifts and policy changes influencing individual tax burdens. For real estate agents, builders, and appraisers, understanding these tax trends is crucial for anticipating market conditions and advising clients accurately, particularly in light of their potential effects on property values and demand. Insurance agents might see these trends as indicative of broader economic health, influencing coverage needs and client profiles in the region.
Cost of Living in Jackson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,014 | $1,339 | $1,792 | $1,234 | $1,112 |
| 1 adult 4 children | $1,014 | $1,094 | $1,396 | $1,234 | $1,294 |
| 2 adults 3 children | $1,014 | $1,094 | $1,542 | $1,234 | $904 |
| 1 adult 3 children | $1,014 | $893 | $1,146 | $1,234 | $1,055 |
| 2 adults 2 children | $826 | $896 | $1,292 | $1,076 | $801 |
| 1 adult 2 children | $826 | $669 | $896 | $1,076 | $808 |
| 2 adults 1 child | $826 | $708 | $1,042 | $564 | $741 |
| 1 adult 1 child | $826 | $457 | $646 | $564 | $646 |
| 2 adults | $631 | $569 | $792 | $0 | $614 |
| 1 adult | $552 | $310 | $396 | $0 | $508 |
Safety trends & Data
Jackson County, Minnesota has experienced varying property crime trends over the last five years, including peaks in fraud incidents in 2020 and notable vandalism activity in 2021, each with a value of 4.0. Motor vehicle theft also displayed variability, spiking at 3.0 in 2020. In contrast, burglary rates have remained relatively low and stable. These trends might suggest potential vulnerabilities or shifts in law enforcement focus, which could be crucial for investors, real estate agents, and... Read more
Property Crime Trends in Jackson County, MN Over the Last 5 Years
Jackson County, Minnesota has experienced fluctuating property crime trends over the last five years, with notable variations in specific crime types. Fraud incidents peaked in 2020 with a value of 4.0, which might suggest a potential vulnerability or an increased focus from local law enforcement that year. Vandalism saw smaller but significant activity, particularly in 2021 with a value of 4.0. Burglary remained relatively low and stable, while motor vehicle theft showed more variability with a notable spike in 2020 at a value of 3.0. These insights could be crucial for investors, real estate agents, and potential residents evaluating the safety and risk factors associated with property in the county.
Demographics
Jackson County, Minnesota's adult population is almost evenly split between males and females, with a slight edge toward males. The county's educational landscape shows the majority of adults having a high school diploma or some college experience, but a significant portion has also attained bachelor's or advanced degrees. Age-wise, the population is skewed towards an older demographic, with a notable number of individuals over 55. Racially, the county is predominantly White, with very small... Read more
Race Distribution in Jackson County, Minnesota (2022)
Educational Attainment in Jackson County, Minnesota (2022)
Age Distribution in Jackson County, Minnesota
Citizen Population in Jackson County, Minnesota (2022)
Political Trends & Data
Jackson County, Minnesota, leans significantly conservative based on the 2020 U.S. Presidential Election, with Republicans garnering over two-thirds of the vote. Democrats managed to secure less than a third, and third-party impact was negligible. This could influence local policies and, consequently, real estate development, driven by conservative preferences for property rights and zoning laws that could shape the housing market's... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jackson County's 2020 U.S. Presidential Election results indicate a noticeable lean towards the Republican party, with the majority of votes cast in their favor. Democrats secured less than a third of the votes. Support for other parties like Libertarians, Greens, and others was minimal, suggesting limited impact in this county. Given these trends, it seems Jackson County leans conservative politically, aligning more with rural Minnesota's voting patterns.
67.85% of voters voted for the Republican party in the 2020 Presidential Election
29.99% of voters voted for the Democrat party in the 2020 Presidential Election
0.91% 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
1.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade in Jackson County, Minnesota, the student-to-teacher ratio swung dramatically, hitting a low of 12:1 in 2020 and a high of 21:1 in 2021, before stabilizing around 17:1 in 2023. These fluctuations could affect the quality of education, making the area less appealing to families seeking stable schooling standards. With the national average at 14:1, Jackson County's higher recent ratios might sway decisions for educators, prospective homeowners, and real estate investors who... Read more
Student-to-teacher ratio in Jackson County, Minnesota over the last 10 years
Over the past decade in Jackson County, Minnesota, the student-to-teacher ratio experienced significant fluctuations, notably dropping to 12 students per teacher in 2020 and spiking to 21 students per teacher in 2021 before settling at around 17 in 2023. These variations can impact the quality of education, potentially making the area less attractive to families seeking consistent schooling standards. Compared to the national average of 14 students per teacher, Jackson County's recent higher ratios might influence decisions for educators, potential homeowners, and real estate investors who consider the quality of local schools as a critical factor.
