Kanabec County Real Estate and Livability Trends
Kanabec County, Minnesota's real estate market is showing a significant upward trend in median home values, rising from $137,300 in 2015 to $205,400 in 2022, which seems to outperform national growth but trails Minnesota's overall market. Average real estate taxes in the county have surged, peaking at $3,964.71 in 2021, potentially reflecting increased property values or changes in tax policy.... Read more
Kanabec County Market Trends
Kanabec County, Minnesota's real estate market is showing a significant upward trend in median home values, ascending from $137,300 in 2015 to $205,400 in 2022, which seems to outperform national growth but trails Minnesota’s overall market. Average real estate taxes in the county have surged, peaking at $3,964.71 in 2021, potentially reflecting increased property values or changes in tax... Read more
Median Value of Occupied Housing Units in Kanabec County, Minnesota Over the Last 8 Years
Kanabec County, Minnesota, has seen its median home values rise significantly from $137,300 in 2015 to $205,400 in 2022, suggesting an upward trajectory for investors or potential homeowners. Compared to the national median, which increased from $125,500 to $179,400 in the same period, the county's growth appears more aggressive. However, it still lags behind Minnesota as a whole, where median values soared from $186,200 to $286,800, indicating a robust state-level housing market that could influence future trends in Kanabec County.
Residential Energy Tax Credit Per Tax Return in Kanabec County, MN Over the Last 8 Years
Over the last eight years, Kanabec County, Minnesota has seen a notable increase in the average residential energy tax credit per tax return, peaking at $937.50 in 2019. There are fluctuations, with the lowest figure in 2013 at $383.33 and significant gains in subsequent years. This upward trend suggests growing investments in energy-efficient improvements among residents, which could indicate a broader interest in sustainable living and potentially lower energy costs for homeowners in the area.
Average Real Estate Taxes Per Tax Return in Kanabec County, MN Over the Last 10 Years
Over the past decade, average real estate taxes per return in Kanabec County, Minnesota have shown a notable upward trajectory, especially from 2016 onwards. Between 2012 and 2015, taxes remained relatively steady, fluctuating close to $2,300. However, starting in 2016, there is a marked increase, with average taxes peaking at $3,964.71 in 2021. This trend could suggest rising property values or shifts in tax policy, factors important for investors, real estate agents, and homeowners considering the potential tax liabilities and property appreciation in the area.
Percentage of Farm Returns in Kanabec County, MN Over the Last 10 Years
In Kanabec County, Minnesota, there's been a general downward trend in the percentage of farm tax returns over the past decade, dipping from around 8.48% in 2012 to approximately 6.57% in 2021. These tax returns are important indicators of agricultural activity and economic health in rural communities. The shift may signal changes in land use, such as urban development or a decline in farming profitability, which could impact local economies and potential investment opportunities. For those considering investing, building, or relocating here, understanding these patterns could provide insight into long-term agricultural viability and property values.
Number of Mortgages by Occupancy Type in Kanabec County, MN Over the Last 5 Years in Kanabec County
Kanabec County, Minnesota, has seen fluctuating mortgage counts over the last five years, with principal residence mortgages peaking in 2021 before dropping significantly in 2022. Investment property mortgages have generally declined, while second residence mortgages have remained relatively stable with minor variations each year. These trends could be critical for investors and real estate agents in predicting property demand and for appraisers and insurance agents in adjusting risk assessments. Changes in occupancy type matter because they reflect shifting housing needs and economic conditions, influencing decisions for building new properties and pricing existing ones.
Economic Outlook
Over the past nine years, Kanabec County, Minnesota has seen average taxable income per tax return grow from $46,144.71 in 2013 to $60,723.38 in 2021, hinting at economic strengthening. This could appeal to investors and real estate professionals eyeing property value appreciation. Meanwhile, state and local income taxes have fluctuated, peaking in 2019 at $10,125.64, which might influence financial planning and reveal economic policy shifts. The average total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Kanabec County, MN over the last 9 years
Over the past nine years, Kanabec County, Minnesota has displayed a steady increase in average taxable income per tax return, moving from $46,144.71 in 2013 to $60,723.38 in 2021. This upward trend could potentially make the county more attractive for investors, real estate agents, and those considering moving to the area. Appraisers and insurance agents might find it pertinent to note the economic growth reflected in these rising incomes, which could influence property values and insurance assessments.
Average State and Local Income Taxes Per Tax Return in Kanabec County, MN Over the Last 10 Years
Over the past decade, taxes in Kanabec County, Minnesota have generally increased, peaking in 2019 with an average of $10,125.64 per tax return. This period saw fluctuations, with 2018 and 2020 also experiencing notably high averages, while the lowest average was in 2012 at $4,663.27. Potential investors or residents should consider these tax trends, as rising rates might impact financial planning. The variability in taxes suggests possible economic or policy shifts within the county, underlining the importance of staying informed about local fiscal policies.
Average Total Tax Liability Per Tax Return in Kanabec County, MN Over the Last 10 Years
The average total tax liability per tax return in Kanabec County, Minnesota has shown a notable upward trend over the past decade, starting from $5,857.88 in 2012 to a peak at $8,076.35 in 2021. This increase may suggest a rise in incomes, changes in tax policy, or both. For investors, appraisers, and real estate agents, this trend might indicate an evolving economic environment and potential increases in property values. For those considering moving to or living in the area, understanding these tax liability trends could be crucial for financial planning and gauging the area's economic health.
Cost of Living in Kanabec County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,304 | $1,424 | $1,782 | $1,445 | $1,365 |
| 1 adult 4 children | $1,304 | $1,163 | $1,388 | $1,445 | $1,585 |
| 2 adults 3 children | $1,304 | $1,163 | $1,533 | $1,445 | $1,139 |
| 1 adult 3 children | $1,304 | $949 | $1,139 | $1,445 | $1,338 |
| 2 adults 2 children | $974 | $952 | $1,285 | $1,256 | $925 |
| 1 adult 2 children | $974 | $711 | $891 | $1,256 | $979 |
| 2 adults 1 child | $974 | $752 | $1,036 | $641 | $828 |
| 1 adult 1 child | $974 | $486 | $642 | $641 | $720 |
| 2 adults | $748 | $604 | $788 | $0 | $641 |
| 1 adult | $651 | $330 | $394 | $0 | $546 |
Safety trends & Data
Over the past four years in Kanabec County, Minnesota, property crimes have fluctuated, impacting key real estate factors. There was a notable burglary spike in 2021 with six cases, compared to three in 2022 and none in 2019 or 2020. Larceny-theft incidents remain low but saw a slight uptick in 2022 with four cases. Motor vehicle theft is minimal, with only one reported case back in 2018. Fraud cases vary, ranging between one and three incidents annually. These crime trends are critical for... Read more
Property Crime Trends in Kanabec County, MN Over the Last 4 Years
Over the past four years in Kanabec County, Minnesota, property crimes have shown varied trends. There's a noticeable spike in burglary incidents in 2021 with six reported cases, contrasting with three in 2022 and none in 2019 or 2020. Larceny-theft occurrences remain relatively low but slightly increased in 2022 with four cases. Motor vehicle theft is minimal with only one incident reported in 2018. Fraud cases show inconsistent numbers, oscillating between one and three incidents annually. These fluctuations can influence property values, insurance rates, and investment decisions, highlighting the importance of monitoring crime trends for stakeholders in the area.
Demographics
Kanabec County, Minnesota shows a relatively balanced gender distribution among its adult population and seems to lean heavily towards White residents, with minimal representation from other racial groups. The age range is fairly spread out, but there’s a notable concentration of residents aged 55 to 64, which could influence local healthcare and retirement services. Education-wise, a significant portion of the population has only completed high school or some college, which might impact... Read more
Race Distribution in Kanabec County, Minnesota (2022)
Educational Attainment in Kanabec County, Minnesota (2022)
Age Distribution in Kanabec County, Minnesota
Citizen Population in Kanabec County, Minnesota (2022)
Political Trends & Data
Kanabec County, Minnesota, displayed a solid Republican preference in the 2020 Presidential Election, with the GOP likely capturing about 68% of the vote. Democrats might have managed approximately 30%, while third-party parties like the Libertarians and Greens saw negligible support, each hovering around 1%. This trend hints at a strong conservative base with minimal third-party impact in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Kanabec County, Minnesota, leaned significantly Republican in the 2020 U.S. Presidential Election, with the party potentially capturing around 68% of the vote. Democrats trailed behind, possibly securing 30%, while other parties like the Libertarians and Greens saw minimal support, each garnering around 1% or less. This distribution indicates a strong conservative presence and suggests that third-party influence in Kanabec County remains limited.
67.93% of voters voted for the Republican party in the 2020 Presidential Election
30.02% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.80% of voters voted for the Other party in the 2020 Presidential Election
School Data
Kanabec County, Minnesota has seen varied student-to-teacher ratios over the last decade, peaking at 29 in 2022 and hitting a low of 12 in 2018, with the latest 2023 ratio at 15—slightly above the U.S. average of 14. These ratios have implications for families weighing relocation, as higher numbers could mean overburdened teachers and less individualized attention for students. Investors and real estate agents might read these fluctuations as signs of changing population dynamics or... Read more
Student-to-teacher ratio in Kanabec County, Minnesota over the last 10 years
Kanabec County, Minnesota has experienced notable fluctuations in student-to-teacher ratios over the past decade, with numbers peaking at 29 in 2022 and dropping as low as 12 in 2018. The latest data from 2023 shows a ratio of 15, which is above the current U.S. national average of 14 students per teacher. These changes matter because higher ratios might signal overburdened teachers and potentially less individualized attention for students, a critical factor for families considering relocating. Conversely, investors and real estate agents might view fluctuating ratios as an indicator of changing population dynamics or shifting educational priorities within the county. Understanding these trends is essential for making informed decisions, particularly in areas such as property values and long-term community planning.
