Lac qui Parle County Market Trends
In Lac qui Parle County, Minnesota, median home values have surged from $83,000 in 2015 to $127,300 in 2022, reflecting a $44,300 rise that far exceeds both national and state increases. This marked appreciation might attract buyers interested in affordable but rapidly appreciating properties. The county's average residential energy tax credit per tax return has experienced notable fluctuations,... Read more
Median Value of Occupied Housing Units in Lac qui Parle County, Minnesota Over the Last 8 Years
Lac qui Parle County, Minnesota has experienced significant growth in median home values over the last eight years, increasing from $83,000 in 2015 to $127,300 in 2022. This $44,300 rise surpasses both the national increase of $53,900 and Minnesota's $100,600 increase, providing a potential opportunity for investment in a less expensive but rapidly appreciating market. Despite lower absolute values, the pronounced growth in Lac qui Parle County could attract buyers looking for affordability with potential for value gains.
Residential Energy Tax Credit Per Tax Return in Lac qui Parle County, MN Over the Last 8 Years
Over the last eight years, the average residential energy tax credit per tax return in Lac qui Parle County, Minnesota, has fluctuated significantly. Peaks can be observed in 2014 with $557.14 and 2019 with $466.67, while notable declines occurred in 2017 at $200.00 and 2021 at $233.33. This variability suggests changing investment patterns in energy-efficient home improvements, which could be influenced by economic conditions, policy changes, or availability of incentives. This data can be particularly insightful for real estate agents, appraisers, and insurance agents looking to understand property value and risk associated with energy efficiency initiatives in the area.
Average Real Estate Taxes Per Tax Return in Lac qui Parle County, MN Over the Last 10 Years
Over the past decade in Lac qui Parle County, Minnesota, average real estate taxes per tax return have shown an upward trend, starting at approximately $1,593.44 in 2012 and increasing to around $2,650.00 by 2021. Notable jumps occurred in 2016 and again between 2018 and 2020. This gradual rise could indicate evolving property values or tax rate adjustments, essential considerations for investors, potential residents, appraisers, insurance agents, and real estate agents involved in the local market.
Percentage of Farm Returns in Lac qui Parle County, MN Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Lac qui Parle County, Minnesota, has remained relatively stable, fluctuating around the 20.85% mark with slight variations. In 2012, it stood at approximately 20.87%, peaking marginally in 2018 at about 20.99%, and dipping to its lowest in 2021 at roughly 20.06%. This consistent trend could suggest a steady agricultural presence in the county, making it potentially appealing for those interested in investing in or developing agrarian properties. Farm tax returns typically indicate the economic health and activity within the agricultural sector. In Lac qui Parle County, this steady percentage hints at a resilient farming community, maintaining its relevance over other forms of economic activity. For potential investors or residents, this stability might signal dependable local agricultural markets and possibly beneficial tax structures supportive of farming activities, which could offer long-term investment security.
Number of Mortgages by Occupancy Type in Lac qui Parle County, MN Over the Last 5 Years in Lac qui Parle County
In Lac qui Parle County, Minnesota, mortgage trends over the past five years showcase a notable increase in principal residence loans, particularly peaking at 250 in 2021. Investment property mortgages saw minor fluctuations, with a slight rise to 10 in 2020 and a subsequent low of 1 in 2019. The count for second residences remained consistently low across the period. These shifts in occupancy type can be key for investors and real estate agents, as rising principal residence mortgages may indicate growing local demand for permanent housing, potentially driving up property values. For appraisers and insurance agents, understanding these trends helps assess property risk and valuation accurately. Developers might focus more on residential projects considering the momentum in primary home purchases.
Economic Outlook
In Lac qui Parle County, Minnesota, average taxable income per tax return has been on a general upward trend over the last nine years, peaking at $73,586.20 in 2021. This consistent rise may signal economic growth or increasing wages, making the region more attractive to investors, homebuilders, and real estate agents. Meanwhile, state and local income taxes per tax return peaked at $10,145.45 in 2019 but dropped to $7,736.36 by 2021, hinting at possible shifts in economic conditions or tax... Read more
Average Taxable Income per Tax Return in Lac qui Parle County, MN over the last 9 years
Average taxable income per tax return in Lac qui Parle County, Minnesota shows a general upward trend over the last nine years, peaking notably in 2021 at $73,586.20. While there have been slight dips and fluctuations, the steady increase, particularly from 2018 onwards, could indicate economic growth or rising wages in the region. This pattern might attract potential investors, homebuilders, and real estate agents considering the county’s improving financial health. Appraisers and insurance agents may also find these trends relevant as they reflect economic stability and an upward adjustment in property values.
Average State and Local Income Taxes Per Tax Return in Lac qui Parle County, MN Over the Last 10 Years
Over the past decade, Lac qui Parle County in Minnesota has experienced some noticeable fluctuations in average state and local income taxes per tax return. After peaking at $10,145.45 in 2019, there was a significant dip to $7,736.36 by 2021. This variability might indicate changing economic conditions or tax policy adjustments in the area, which could be relevant for investors, residents, or developers considering financial planning or property investments in Lac qui Parle County.
Average Total Tax Liability Per Tax Return in Lac qui Parle County, MN Over the Last 10 Years
Lac qui Parle County, Minnesota has seen fluctuating average total tax liability per tax return over the past decade, peaking in 2021 at $10,662.31. Notable declines occurred from 2012 to 2019, bottoming out at $8,684.21. This variability in tax amounts may influence decisions for investors, those considering relocation, and real estate market trends. Such trends provide key insights for appraisers and insurance agents in assessing property values and potential risks in this region.
Cost of Living in Lac qui Parle County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,032 | $1,444 | $1,799 | $1,445 | $1,249 |
| 1 adult 4 children | $1,032 | $1,179 | $1,401 | $1,445 | $1,447 |
| 2 adults 3 children | $1,032 | $1,179 | $1,548 | $1,445 | $1,025 |
| 1 adult 3 children | $1,032 | $963 | $1,150 | $1,445 | $1,198 |
| 2 adults 2 children | $826 | $965 | $1,297 | $1,256 | $879 |
| 1 adult 2 children | $826 | $721 | $899 | $1,256 | $907 |
| 2 adults 1 child | $826 | $763 | $1,046 | $641 | $780 |
| 1 adult 1 child | $826 | $493 | $648 | $641 | $659 |
| 2 adults | $628 | $613 | $795 | $0 | $605 |
| 1 adult | $552 | $334 | $397 | $0 | $510 |
Safety trends & Data
Lac qui Parle County, Minnesota, has seen low and inconsistent property crime rates over the past four years, with minor fluctuations. Burglary and motor vehicle theft incidents have stayed minimal, while larceny-theft peaked at 2.00 in 2019 and then decreased. New categories like embezzlement and stolen property offenses emerged in 2020. These sporadic levels may point to a generally low crime environment, making it potentially attractive for investors or new residents seeking safer... Read more
Property Crime Trends in Lac qui Parle County, MN Over the Last 4 Years
Lac qui Parle County, Minnesota has exhibited relatively low and inconsistent property crime rates over the past four years, with minor fluctuations across various crime categories. Burglary and motor vehicle theft incidents have remained minimal, showing values of 1.0 across the different years, while larceny-theft peaked at 2.0 in 2019 and subsequently decreased. The introduction of embezzlement and stolen property offenses in 2020 indicates a slight diversification in the types of property crimes. These sporadic levels could infer a generally low crime environment, which might make the area appealing for potential investors or new residents seeking a relatively safe locale. However, the small sample size of incidents should be taken into account for a comprehensive evaluation.
Demographics
Lac qui Parle County, Minnesota, presents quite a balanced gender distribution among adults and a predominantly White population. Educational attainment shows a significant portion of residents with at least a high school diploma, while many have pursued higher education. Age-wise, the county seems to skew older, suggesting potential impacts on local services and amenities that cater to an aging population. This demographic structure can imply a higher demand for healthcare, retirement... Read more
Race Distribution in Lac qui Parle County, Minnesota (2022)
Educational Attainment in Lac qui Parle County, Minnesota (2022)
Age Distribution in Lac qui Parle County, Minnesota
Citizen Population in Lac qui Parle County, Minnesota (2022)
Political Trends & Data
Lac Qui Parle County, Minnesota, might lean conservative with about 63% of votes in the 2020 Presidential Election going Republican, compared to 36% for Democrats. Third-party candidates barely make a dent with just over 1% combined. This trend could be indicative of rural Minnesota's broader political landscape, favoring Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lac Qui Parle County, Minnesota, may lean conservative, with approximately 63% of the votes potentially going to Republicans in the 2020 U.S. Presidential Election. Democrats seem less favored, capturing around 36% of the vote. Third-party candidates, like Libertarians and Greens, also appear to receive minimal support, together possibly garnering just over 1% of the vote. This distribution might reflect broader political trends within rural Minnesota, where the Republican party could have stronger influence.
62.57% of voters voted for the Republican party in the 2020 Presidential Election
35.79% of voters voted for the Democrat party in the 2020 Presidential Election
0.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% 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 Lac Qui Parle County, Minnesota, the student-to-teacher ratio has hovered around the national average of 14 students per teacher over the past decade, though it spiked to 52 in 2019, suggesting unique circumstances or reporting issues. By 2023, it has slightly increased to around 16 students per teacher. This trend could indicate varying demands for educational resources, potentially influencing property values and family mobility. For real estate agents and appraisers, these shifts are... Read more
Student-to-teacher ratio in Lac Qui Parle County, Minnesota over the last 10 years
Over the past decade, the student-to-teacher ratio in Lac Qui Parle County, Minnesota has generally hovered close to the national average of 14 students per teacher, with notable deviations. A significant spike to 52 students per teacher occurred in 2019, likely indicative of some unique circumstances or reporting issues. Recently, the ratio has trended slightly higher, reaching around 16 students per teacher by 2023. For investors, this could imply varying demands for educational resources, potentially affecting property values and family mobility. Real estate agents and appraisers might find these trends important for gauging the attractiveness of the area to families prioritizing education. Insurance agents could consider such changes when assessing community risks and needs. Understanding these nuances can be crucial for anyone considering a move or investment in Lac Qui Parle County.
