Kandiyohi County Real Estate and Livability Trends
Kandiyohi County, Minnesota has seen a notable rise in median home values, up from $160,800 in 2015 to $214,600 in 2022, reflecting slower growth compared to the state overall. Residential energy tax credits peaked in 2018 at $1,850.00, possibly indicating increased interest in energy-efficient homes. Real estate taxes surged to $4,765.74 in 2021 from $2,714 in 2015, suggesting rising property... Read more
Kandiyohi County Market Trends
Kandiyohi County's median home values grew from $160,800 in 2015 to $214,600 in 2022, it's a solid increase but slower than the state-wide rise in Minnesota. Residential energy tax credits per tax return have fluctuated, peaking significantly in 2018 at $1,850.00, potentially driven by policy changes or increased investment in energy-efficient home improvements. Real estate taxes have surged,... Read more
Median Value of Occupied Housing Units in Kandiyohi County, Minnesota Over the Last 8 Years
The median home values in Kandiyohi County, Minnesota have seen a steady upward trend over the past 8 years, starting from $160,800 in 2015 and reaching $214,600 in 2022. While this growth rate is significant, it trails behind the state of Minnesota, where the median value jumped from $186,200 in 2015 to $286,800 in 2022. Nationally, home values increased from $125,500 in 2015 to $179,400 in 2022, which suggests that Kandiyohi County’s home value progression is faster than the national average but slower than the state’s overall growth. Those interested in investing or moving to Kandiyohi County might find this trend encouraging, as it suggests stable and consistent market development.
Residential Energy Tax Credit Per Tax Return in Kandiyohi County, MN Over the Last 9 Years
Kandiyohi County, Minnesota has seen fluctuating averages in residential energy tax credits per tax return over the past nine years. Noteworthy spikes occurred in 2015, with an average of $522.22, and a significant jump in 2018 to $1,850.00, which could suggest specific policy changes or heightened community investment in energy-efficient home improvements. The high averages, particularly in recent years, may attract real estate investors and homeowners interested in tax incentives tied to green energy enhancements. However, the variability might signal dependence on external factors such as state incentives or federal policies.
Average Real Estate Taxes Per Tax Return in Kandiyohi County, MN Over the Last 10 Years
Kandiyohi County in Minnesota has seen a significant rise in real estate taxes per tax return over the last decade. Starting at just over $2,940 in 2012, there was a notable dip until 2015 when taxes bottomed out at approximately $2,714. However, from 2017 onwards, there has been a sharp incline, peaking at $4,765.74 in 2021. This trend may suggest increasing property values or community investment, which could interest potential investors, real estate agents, and current homeowners assessing the financial landscape or their investment returns in the county.
Percentage of Farm Returns in Kandiyohi County, MN Over the Last 10 Years
Farm tax returns in Kandiyohi County, Minnesota, have seen a subtle but consistent decline over the past decade, dropping from approximately 5.64% in 2012 to about 4.59% in 2021. For those looking to invest, move to, or build property in the area, this could signal a shift in the agricultural economy. However, the decrease is gradual enough to suggest a stable transition rather than sharp downturns. This trend may affect local land prices and the community’s focus on farming as a primary occupation, offering both opportunities and considerations for potential residents and investors.
Number of Mortgages by Occupancy Type in Kandiyohi County, MN Over the Last 5 Years in Kandiyohi County
Over the last five years in Kandiyohi County, Minnesota, there's been a noticeable shift in mortgage counts with a peak in principal residence loans within the 2020 timeframe while the number of investment property and second residence loans remained relatively stable, although lower in volume. These trends might hint at a rising preference or necessity for primary residences as opposed to investment properties or vacation homes. For investors and real estate agents, this might suggest a more competitive market for family homes, potentially driving up property values. For insurers and appraisers, understanding these dynamics could help in better risk assessment and valuation. For potential residents or builders, the shifting focus towards principal residences could reflect community growth and stability.
Economic Outlook
Kandiyohi County, Minnesota has seen impressive growth in average taxable income per tax return, climbing from $55,146.01 in 2013 to $75,444.28 in 2021. This uptrend might indicate increasing economic stability and higher disposable incomes, making the county more appealing for investments. Notably, there was almost a $10,000 leap in average taxable income between 2020 and 2021, signaling rapid economic shifts. Concurrently, average state and local income taxes per tax return have surged,... Read more
Average Taxable Income per Tax Return in Kandiyohi County, MN over the last 9 years
Over the past nine years, Kandiyohi County, Minnesota has experienced a notable upward trend in average taxable income per tax return, increasing from $55,146.01 in 2013 to $75,444.28 in 2021. This steady rise may suggest growing economic stability and potentially higher disposable incomes, which could make the county more attractive for investments. The substantial jump in average taxable income between 2020 and 2021, reaching nearly $10,000, could be indicative of accelerated economic growth or shifting economic dynamics. This data can be particularly useful for prospective investors, real estate agents, and insurance agents looking to forecast market trends or evaluate the financial health of the area.
Average State and Local Income Taxes Per Tax Return in Kandiyohi County, MN Over the Last 10 Years
Kandiyohi County, Minnesota has seen significant jumps in average state and local income taxes per tax return over the past decade. Notably, from 2017 onward, there’s been a dramatic surge, peaking at $21,052.14 in 2021. Potential investors, property developers, and residents might want to investigate the underlying causes, as this trend could impact long-term financial planning and economic stability in the area.
Average Total Tax Liability Per Tax Return in Kandiyohi County, MN Over the Last 10 Years
Over the last decade, average total tax liability per tax return in Kandiyohi County, Minnesota has generally hovered around the $9,000-$10,000 mark, but saw a noticeable spike starting in 2020, breaking the $10,000 mark and reaching approximately $11,397.38 in 2021. This trend could hint at rising incomes or adjustments in tax policies, both of which are crucial for potential investors and real estate professionals to consider when analyzing financial and economic conditions in the area.
Cost of Living in Kandiyohi County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,205 | $1,476 | $1,799 | $1,445 | $1,307 |
| 1 adult 4 children | $1,205 | $1,205 | $1,401 | $1,445 | $1,509 |
| 2 adults 3 children | $1,205 | $1,206 | $1,548 | $1,445 | $1,080 |
| 1 adult 3 children | $1,205 | $984 | $1,150 | $1,445 | $1,260 |
| 2 adults 2 children | $848 | $987 | $1,297 | $1,256 | $864 |
| 1 adult 2 children | $848 | $737 | $899 | $1,256 | $884 |
| 2 adults 1 child | $848 | $780 | $1,046 | $641 | $768 |
| 1 adult 1 child | $848 | $504 | $648 | $641 | $646 |
| 2 adults | $705 | $627 | $795 | $0 | $618 |
| 1 adult | $679 | $342 | $397 | $0 | $541 |
Safety trends & Data
Kandiyohi County, Minnesota's property crime trends offer some intriguing insights. Larceny-theft has fluctuated, hitting a low of 131.0 cases in 2021 but climbing back to 142.0 in 2022. Vandalism has inched upward, peaking at 39.0 incidents in 2021. Burglary and motor vehicle theft have stayed relatively steady. Notably, fraud cases have grown from 12.0 in 2018 to 24.0 in 2021, before slightly dropping to 18.0 in 2022. These trends could be invaluable for real estate and insurance assessments... Read more
Property Crime Trends in Kandiyohi County, MN Over the Last 5 Years
Property crime in Kandiyohi County, Minnesota has shown some notable trends over the past five years. Larceny-theft remains the most prevalent crime, with values fluctuating but reaching a low of 131.0 cases in 2021 and spiking back up to 142.0 cases in 2022. Vandalism has seen a slight increase from 34.0 incidents in 2018 to a peak of 39.0 in 2021. Burglary and motor vehicle theft have remained relatively consistent, with minor variations year-to-year. Interestingly, fraud cases have gradually risen from 12.0 in 2018 to 24.0 in 2021, before a slight decline to 18.0 in 2022. These trends can offer valuable insights for investors, real estate agents, and insurance agents assessing the county’s property crime landscape.
Demographics
Kandiyohi County, Minnesota, reflects a nearly balanced male and female adult population. High school graduates are notably prominent, yet a considerable portion didn't advance beyond some college education. Age-wise, the community spans a broad spectrum, with a significant elder population particularly those aged 55 years and over. Predominantly White, the county also hosts a diverse mix of other racial groups, particularly Black or African American... Read more
Race Distribution in Kandiyohi County, Minnesota (2022)
Educational Attainment in Kandiyohi County, Minnesota (2022)
Age Distribution in Kandiyohi County, Minnesota
Citizen Population in Kandiyohi County, Minnesota (2022)
Political Trends & Data
In Kandiyohi County, Minnesota, the 2020 U.S. Presidential Election results suggest a pronounced preference for Republican candidates, potentially reflective of a conservative leaning in the area. The Democratic vote share appears significantly lower, highlighting a potentially weaker liberal influence. This dynamic is further emphasized by the negligible presence of minor parties like the Libertarian and Green, indicating a predominantly two-party political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Kandiyohi County, Minnesota, the 2020 U.S. Presidential Election results suggest a significant preference for Republican candidates, potentially signaling a trend of conservative leaning in the area. The Democratic vote share appears markedly lower, possibly indicating a weaker influence from traditionally liberal perspectives. Minor parties like the Libertarian and Green have a negligible presence, reflecting perhaps a lack of strong third-party advocacy. These results could hint at a predominantly two-party dynamic within the county.
61.78% of voters voted for the Republican party in the 2020 Presidential Election
36.12% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.97% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Kandiyohi County, Minnesota, the student-to-teacher ratio has generally remained below the U.S. national average of 14 students per teacher over the past decade. Peaks like 2015, where the ratio reached 14.24, are exceptions, not the norm. Typically hovering around 12 students per teacher, this trend may appeal to families seeking more individualized attention in schools. For investors and real estate agents, such an environment can be a key selling point, potentially driving up property... Read more
Student-to-teacher ratio in Kandiyohi County, Minnesota over the last 10 years
Over the past decade, the student-to-teacher ratio in Kandiyohi County, Minnesota has fluctuated but generally remains below the U.S. national average of 14 students per teacher. Peaks like the year 2015, where the ratio hit 14.24, are relatively rare, with most years seeing closer to 12 students per teacher. This lower ratio may be appealing to families considering a move, as it suggests potentially more individualized attention per student. For investors and real estate agents, such an educational environment can be a selling point, while insurance agents may see it as an indicator of lower risk in terms of school-related claims. Lower student-to-teacher ratios can also impact property values positively, making the area attractive for residential development.
