Le Sueur County Real Estate and Livability Trends
Le Sueur County, Minnesota has experienced intriguing economic and real estate shifts that merit attention. The county's average taxable income spiked from $55,180.63 in 2013 to $78,390.52 in 2021, hinting at potential economic growth and increased tax liabilities possibly affecting property values. Home values in the area surged by over 54% from $176,500 in 2015 to $271,900 in 2022, outpacing... Read more
Le Sueur County Market Trends
Le Sueur County, Minnesota has seen a striking 54.12% increase in median home values from $176,500 in 2015 to $271,900 in 2022, outpacing the national growth rate. The average residential energy tax credits jumped from $220.41 in 2013 to $504.35 in 2021, suggesting growing adoption of energy-efficient home improvements, which could attract investors and eco-conscious buyers. Real estate taxes saw... Read more
Median Value of Occupied Housing Units in Le Sueur County, Minnesota Over the Last 8 Years
Le Sueur County, Minnesota has experienced significant growth in median home values over the past eight years, with a noticeable 54.12% increase from $176,500 in 2015 to $271,900 in 2022. While this rise parallels trends seen statewide in Minnesota, which saw a 54.06% increase within the same period, Le Sueur County's growth outpaces national growth, which was 42.96%. This could indicate vibrant local factors driving property values, suggesting a potentially lucrative market for newcomers or investors.
Residential Energy Tax Credit Per Tax Return in Le Sueur County, MN Over the Last 8 Years
Le Sueur County, Minnesota has seen a notable increase in residential energy tax credits per tax return over the last eight years. Starting at $220.41 in 2013, the average credit has more than doubled to $504.35 by 2021. The consistent upward trend may indicate growing adoption of energy-efficient home improvements, possibly driven by rising awareness and incentive programs. This period of growth could interest real estate investors, insurance agents, and homeowners considering energy efficiency upgrades, as it suggests a strong local market and potential for additional savings.
Average Real Estate Taxes Per Tax Return in Le Sueur County, MN Over the Last 10 Years
Over the past decade in Le Sueur County, Minnesota, average real estate taxes per tax return have shown a general upward trend, experiencing pronounced increases particularly after 2016. Notable jumps occurred between 2016 and 2019, with a sharp rise from approximately $2,913.65 in 2016 to around $4,166.06 in 2019. Since 2020, the average has plateaued just above $4,500, suggesting a level of stabilization. This trend may indicate a thriving local market with rising property values, but it could also point to increased taxation rates or changes in property assessments, factors which could influence decisions for potential investors, homeowners, and real estate professionals.
Percentage of Farm Returns in Le Sueur County, MN Over the Last 10 Years
The percentage of farm tax returns in Le Sueur County, Minnesota has subtly decreased over the last decade. Starting at 5.80% in 2012, it saw a slight but steady decline, hitting 4.76% in 2020, and rebounding slightly to 4.81% in 2021. Farm tax returns represent a small yet important segment of the county's economic reports, reflecting agricultural productivity and economic health important for investors, property builders, and residents focused on rural development. Despite the dip, this consistent presence highlights sustained agricultural activities, suggesting opportunities for developments tied to farming communities.
Number of Mortgages by Occupancy Type in Le Sueur County, MN Over the Last 5 Years in Le Sueur County
Over the past five years in Le Sueur County, Minnesota, the number of mortgages for principal residences has significantly outweighed those for investment and second properties, peaking in 2020 with 2,416 mortgages for primary homes. This trend could suggest a robust market for primary homeownership, contributing to community stability and attracting businesses catering to long-term residents. The relatively low and declining numbers of investment and second property mortgages indicate a potential underdevelopment in rental markets or vacation homes, which could affect investor interest and insurance underwriting practices. For real estate agents and appraisers, understanding these patterns may provide insights into market demand shifts, and for those looking to move or invest, it highlights which segments are experiencing growth or contraction.
Economic Outlook
Le Sueur County, Minnesota is showing a clear upward trend in average taxable income, rising from $55,180.63 in 2013 to $78,390.52 by 2021. This signals possible economic growth, which could attract new residents and investors. Additionally, the average state and local income taxes have nearly doubled from $5,490.55 in 2012 to $11,797.94 in 2021, with a sharp increase between 2017 and 2018. The rising tax liability, peaking at $11,284.32 in 2021, suggests increased economic activity or income... Read more
Average Taxable Income per Tax Return in Le Sueur County, MN over the last 9 years
Le Sueur County, Minnesota has experienced a notable upward trend in average taxable income per tax return over the past nine years. Starting at $55,180.63 in 2013, the average taxable income rose steadily each year, reaching $78,390.52 by 2021. There is a clear indication of economic growth within the county, which could be appealing for potential investors, new residents, and real estate professionals. This upward trend, particularly the sharp increases in the latter years, suggests improved earning potential and economic stability in the area, which might be of interest to appraisers and insurance agents as well.
Average State and Local Income Taxes Per Tax Return in Le Sueur County, MN Over the Last 10 Years
Over the past decade, Le Sueur County, Minnesota has seen its average state and local income taxes per tax return steadily increase. In 2012, the average was approximately $5,490.55, while by 2021 it had soared to around $11,797.94. Notably, there was a sharp jump between 2017 and 2018, where the average leaped from about $7,039.47 to $10,844.76. This upward trend might suggest higher government spending or increased tax rates, potentially affecting residents' disposable income and influencing decisions related to investment, relocation, or property development in the area.
Average Total Tax Liability Per Tax Return in Le Sueur County, MN Over the Last 10 Years
Over the last decade, Le Sueur County, Minnesota has seen a generally upward trajectory in the average total tax liability per tax return, culminating in a notable peak of $11,284.32 in 2021. This rising trend, although punctuated by slight decreases in some years, could indicate an increasing economic activity or rising income levels in the area. For potential investors, residents, and real estate professionals, understanding this trend might suggest economic growth, affecting everything from property values to insurance premiums. However, those considering building or investing in the area might also want to weigh these increasing tax liabilities against potential benefits.
Cost of Living in Le Sueur County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,376 | $1,782 | $2,096 | $1,759 | $1,907 |
| 1 adult 4 children | $1,376 | $1,455 | $1,645 | $1,759 | $2,051 |
| 2 adults 3 children | $1,376 | $1,455 | $1,798 | $1,759 | $1,567 |
| 1 adult 3 children | $1,376 | $1,188 | $1,346 | $1,759 | $1,758 |
| 2 adults 2 children | $994 | $1,191 | $1,499 | $1,527 | $1,198 |
| 1 adult 2 children | $994 | $890 | $1,048 | $1,527 | $1,294 |
| 2 adults 1 child | $994 | $942 | $1,201 | $774 | $996 |
| 1 adult 1 child | $994 | $608 | $750 | $774 | $899 |
| 2 adults | $755 | $756 | $903 | $0 | $752 |
| 1 adult | $711 | $413 | $451 | $0 | $621 |
Safety trends & Data
Le Sueur County, Minnesota has experienced notable decreases in burglary and larceny-theft since 2018, which could speak to an improving safety profile. However, motor vehicle theft and vandalism have stayed relatively steady or seen minor upticks. Interestingly, fraud and forgery dropped significantly post-2019, possibly pointing to better economic conditions or improved law enforcement. Investors and appraisers might interpret these trends as signals of a generally improving safety landscape,... Read more
Property Crime Trends in Le Sueur County, MN Over the Last 5 Years
Le Sueur County, Minnesota has seen some fluctuations in property crime over the past five years, with notable decreases in burglary and larceny-theft since 2018. However, certain categories like motor vehicle theft and vandalism have remained relatively steady or seen minor increases. Fraud and forgery also showed a significant drop-off post-2019, which could suggest improving economic conditions or enhanced law enforcement measures. Potential investors and local appraisers might view these trends as indicative of a generally improving safety profile, though caution is always advised in interpreting crime statistics for such decisions.
Demographics
Le Sueur County, Minnesota, exhibits a nearly balanced adult population with a slight male majority. Educational attainment indicates nearly half of the adults have some college experience or an associate’s degree, while around one-third have completed high school. Age distribution skews towards middle-aged adults, particularly those between 35 and 64 years old. The racial composition is predominantly White, with minor representation of Black or African American, American Indian, Asian, and... Read more
Race Distribution in Le Sueur County, Minnesota (2022)
Educational Attainment in Le Sueur County, Minnesota (2022)
Age Distribution in Le Sueur County, Minnesota
Citizen Population in Le Sueur County, Minnesota (2022)
Political Trends & Data
In Le Sueur County, Minnesota, the 2020 U.S. Presidential Election data hints at a significant conservative leaning within the local electorate, with Republican candidates seemingly capturing around 64% of the vote. Meanwhile, Democratic candidates were likely trailing with approximately 34%. Minor party support was relatively negligible, with Libertarian and Green parties securing around 1% and 0.25% of the vote, respectively, suggesting a limited appetite for alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Le Sueur County, Minnesota, Republican candidates possibly had a substantial lead in the 2020 U.S. Presidential Election, capturing an estimated 64% of the vote. Democratic candidates likely trailed behind with roughly 34%, while support for Libertarian and Green parties appeared quite minimal at around 1% and 0.25%, respectively. Votes categorized under other parties garnered about 1%. This distribution might reflect a strong conservative inclination among the electorate in this region.
64.07% of voters voted for the Republican party in the 2020 Presidential Election
33.73% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% 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
0.95% of voters voted for the Other party in the 2020 Presidential Election
School Data
Le Sueur County, Minnesota has had its student-to-teacher ratio trend upwards over the last decade, hovering around 15 students per teacher in recent years, which surpasses the national average of 14. This might influence potential homebuyers or investors who prioritize education quality, as larger class sizes could be a concern. For real estate agents, these educational trends are worth noting when evaluating property values, and insurance agents might also factor this into local risk and... Read more
Student-to-teacher ratio in Le Sueur County, Minnesota over the last 10 years
Le Sueur County, Minnesota has seen fluctuations in its student-to-teacher ratio over the last decade, generally trending upwards. While the ratio was at 15 in 2018 and again peaked at around 15 in the last few years, this is somewhat higher than the US national average of 14 students per teacher. This could affect decisions for potential homebuyers, investors, and families considering the area; higher ratios might indicate larger class sizes, which could impact the perceived quality of education. For real estate agents and appraisors, these trends might be crucial when evaluating properties, while insurance agents might consider these factors when assessing local risks and coverage needs.
