Koochiching County Real Estate and Livability Trends

Koochiching County, Minnesota, has recently seen a notable surge in median home values, reaching $132,200 in 2022, which could hint at emerging opportunities for affordable housing investments. Residential energy tax credits have fluctuated significantly, with a marked increase in 2020 and 2021, suggesting growing local investment in energy-efficient home improvements. Real estate taxes have... shown a general upward trend, peaking at $3,053.33 in 2020 but slightly stabilizing in 2021, reflecting possibly rising property values or increased local funding needs. The percentage of farm tax returns has averaged around 4%, pointing to stable agricultural activity, which could be promising for those interested in rural or agri-business investments. Mortgage data reveals that principal residences predominate, but investment properties have remained consistent, potentially signaling less competitive opportunities for investors while the uptick in second residence mortgages may indicate increasing interest from seasonal tourists or retirees. Read more

Koochiching County, Minnesota has recently experienced a notable rise in average taxable income per tax return, climbing from about $48,000 to $49,000 in the mid-2010s to $62,285.42 by 2021. This increase could signal an improving economic environment, drawing interest from investors and real estate professionals. However, the rise in state and local income taxes, from $4,853.13 in 2012 to $7,005.00 in 2018, and total tax liabilities peaking at $8,770.52 in 2021, may indicate underlying... economic shifts and policy changes. These variations are essential for assessing the fiscal landscape and economic health of households in the area. Read more

Over the last five years, Koochiching County, Minnesota, has seen some fluctuations in property crime rates, with burglaries and thefts spiking in 2020 to 6 and 9 incidents respectively. Motor vehicle theft has generally been low but did see a rise in 2019 to 3 incidents. More recently, the focus has shifted towards vandalism and possession of stolen property. These trends could potentially influence property values and insurance premiums, making them relevant for investors, insurance agents,... and real estate professionals. Read more

Koochiching County, Minnesota shows a nearly balanced adult population with slightly more males than females. The county exhibits diverse educational achievements, though a significant portion of residents have just a high school diploma or some college experience without a degree. Age distribution suggests a prominent senior demographic, with high numbers of individuals over 55. Racial diversity appears limited, with the majority of the population being White, and very small percentages... representing Black or African American, American Indian and Alaska Native, and Asian communities. Read more

Koochiching County in Minnesota seems to lean Republican, with about 60% of the vote from the 2020 U.S. Presidential Election going to the GOP. Democrats managed nearly 38%, while minor parties like the Libertarians and Greens secured only a small fraction. This suggests a strong Republican presence but highlights a noteworthy Democratic base, indicating a fairly politically diverse... electorate. Read more

Koochiching County, Minnesota, has seen its student-to-teacher ratio rise and fall over the last decade, hitting a high of almost 18 students per teacher in 2018 while generally staying below the national average of 14. For those in real estate and insurance, these trends in educational resources could be key; lower ratios often mean smaller class sizes, which might make the area more attractive to families. Builders and appraisers also find value in this data, as educational quality often... correlates with neighborhood desirability and, consequently, property values and development potential. Read more