Lincoln County Real Estate and Livability Trends
In Lincoln County, Minnesota, home values spiked from $92,500 in 2015 to $139,500 by 2022, pointing to potential investment opportunities amidst favorable conditions for residential real estate. Economic stability seems to be on the rise with average taxable incomes increasing from $49,960.81 in 2013 to $69,087.07 in 2021, although the jump in state and local income taxes, which doubled to... Read more
Lincoln County Market Trends
Home values in Lincoln County, Minnesota have surged from $92,500 in 2015 to $139,500 in 2022, offering potentially attractive opportunities compared to higher state and national medians. Residential energy tax credits dropped sharply from a peak of $988.89 in 2013 to $250.00 in 2021, which might indicate less investment in energy-efficient upgrades. Real estate taxes peaked at $3,366.67 in 2020... Read more
Median Value of Occupied Housing Units in Lincoln County, Minnesota Over the Last 8 Years
Home values in Lincoln County, Minnesota have shown a compelling upward trend over the past eight years, with the median value jumping from $92,500 in 2015 to $139,500 in 2022. While this represents significant growth for the area, the county's housing values have generally lagged behind broader trends, with Minnesota's state median rising from $186,200 to $286,800 during the same period, and the national median increasing from $125,500 to $179,400. For prospective buyers and investors, Lincoln County may offer attractive opportunities compared to higher state and national medians, suggesting more accessible entry points into property ownership while still emerging as a promising market.
Residential Energy Tax Credit Per Tax Return in Lincoln County, MN Over the Last 8 Years
Over the last eight years in Lincoln County, Minnesota, residential energy tax credits per tax return have generally trended downward. In 2013, they peaked at $988.89 but saw declines, hitting a low of $225.00 in 2019 before a slight uptick to $425.00 in 2020 and then a small decrease to $250.00 in 2021. This decline could signal decreasing investments in energy-efficient home improvements or shifts in local or federal incentives, which may be crucial for potential homeowners, real estate agents, and those in the construction and renovation sectors to stay apprised of.
Average Real Estate Taxes Per Tax Return in Lincoln County, MN Over the Last 10 Years
Lincoln County, Minnesota has seen fluctuating real estate taxes over the past decade, with notable climbs in recent years. From $1,871.11 in 2012 to a peak of $3,366.67 in 2020, there is an upward trend suggesting increased property valuations or tax rates. While 2021 showed a slight dip to $2,633.33, the general rise can be a signal for investors and homeowners to anticipate higher expenses. These variations can impact decisions around buying, selling, and valuing properties, making it essential for stakeholders to stay informed about local tax trends.
Percentage of Farm Returns in Lincoln County, MN Over the Last 10 Years
Lincoln County, Minnesota sees a relatively stable trend in the percentage of farm tax returns, hovering around 21-22% over the past decade. This consistency suggests that while the agricultural sector is notable, it isn't experiencing significant growth or decline. Farm tax returns reflect the financial activity tied to farming and can be indicative of both economic stability and potential opportunities for investment in agricultural ventures or property developments. Given these percentages, those interested in the area's economic prospects might consider the steady presence of the farming community as a sign of resilience and a potentially reliable area for new agricultural investments.
Number of Mortgages by Occupancy Type in Lincoln County, MN Over the Last 5 Years in Lincoln County
Over the last five years, Lincoln County, Minnesota has seen fluctuations in mortgage counts by occupancy type, with principal residences consistently dominating the market. Investment properties and second residences have generally maintained lower and relatively stable numbers. This trend can offer significant insights for potential investors, as a strong demand for principal residences might indicate stable population growth and good economic conditions conducive to residential real estate investments. Moreover, understanding these occupancy type trends is crucial for appraisers and insurance agents in assessing property values and insurance needs accurately. Real estate agents and those interested in moving to the area could benefit from these trends by understanding the primary market demand dynamics, potentially aiding in making informed decisions on property investments and developments.
Economic Outlook
Lincoln County, Minnesota's real estate market is showing some intriguing trends. The county's average taxable income per tax return has steadily climbed from $49,960.81 in 2013 to $69,087.07 by 2021, suggesting potential growth in economic stability. However, average state and local income taxes have also increased markedly, spiking from $7,595.92 to $15,342.86 over the same period, a factor that could impact overall returns and living costs. This significant rise in tax liability per tax... Read more
Average Taxable Income per Tax Return in Lincoln County, MN over the last 9 years
Lincoln County, Minnesota has shown a steady climb in average taxable income per tax return over the past nine years. From $49,960.81 in 2013, the income increased to $69,087.07 by 2021. This upward trend implies potential growth in economic stability and affluence, making it an attractive consideration for investors, real estate agents, and those looking to relocate.
Average State and Local Income Taxes Per Tax Return in Lincoln County, MN Over the Last 10 Years
Lincoln County, Minnesota has witnessed significant fluctuations in average state and local income taxes per tax return over the past decade. Most notably, taxes spiked from $7,595.92 in 2013 to $15,342.86 in 2021, highlighting a substantial upward trend that potential investors and residents should consider. While the dip in 2018 to $5,863.64 suggests variability, the overall increase may indicate rising economic activity or changes in tax policies. This data could be pivotal for those looking to invest or build property, as higher tax rates can impact overall returns and living costs.
Average Total Tax Liability Per Tax Return in Lincoln County, MN Over the Last 10 Years
The average total tax liability per tax return in Lincoln County, Minnesota, has shown notable fluctuations over the past decade. Unlike the relatively stable years from 2012 to 2019, where amounts fluctuated between approximately $7,029.80 and $7,666.18, recent years have seen a significant increase, reaching $8,127.00 in 2020 and $9,641.86 in 2021. This upward trend is of interest to potential investors and real estate agents, indicating changes in economic conditions or tax policies that could impact property valuations, investment opportunities, and the overall financial landscape in the region.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,104 | $1,444 | $1,792 | $1,445 | $1,304 |
| 1 adult 4 children | $1,104 | $1,179 | $1,396 | $1,445 | $1,512 |
| 2 adults 3 children | $1,104 | $1,179 | $1,542 | $1,445 | $1,077 |
| 1 adult 3 children | $1,104 | $963 | $1,146 | $1,445 | $1,259 |
| 2 adults 2 children | $826 | $965 | $1,292 | $1,256 | $892 |
| 1 adult 2 children | $826 | $721 | $896 | $1,256 | $924 |
| 2 adults 1 child | $826 | $763 | $1,042 | $641 | $791 |
| 1 adult 1 child | $826 | $493 | $646 | $641 | $670 |
| 2 adults | $663 | $613 | $792 | $0 | $626 |
| 1 adult | $552 | $334 | $396 | $0 | $515 |
Safety trends & Data
Property crime trends in Lincoln County, Minnesota have varied over the past four years. With sporadic incidents of fraud and motor vehicle theft, stolen property cases peaked in 2019 with three arrests, and larceny-theft saw its first instance in 2021. These fluctuations could offer essential insights for investors and real estate professionals to gauge risk and inform decisions about property investments and security... Read more
Property Crime Trends in Lincoln County, MN Over the Last 4 Years
Property crime trends in Lincoln County, Minnesota reveal a varying landscape over the past four years. While incidents of fraud and motor vehicle theft appeared sporadically, cases related to stolen property saw the highest occurrences, peaking in 2019 with a total of three arrests. Interestingly, larceny-theft made its first recorded instance in 2021. These fluctuations can provide essential insights for potential investors, insurance agents, and those involved in real estate, helping gauge risk and inform decision-making about property ventures and security measures in Lincoln County.
Demographics
Lincoln County, Minnesota's adult population is almost evenly split between males and females. A significant portion of the population has only completed high school, with fewer individuals attaining higher education degrees. The county has a diverse age distribution but leans towards an older demographic, with substantial numbers in the 55 to 75+ age groups. Racially, the area is predominantly white, with very small populations from other racial backgrounds, suggesting limited... Read more
Race Distribution in Lincoln County, Minnesota (2022)
Educational Attainment in Lincoln County, Minnesota (2022)
Age Distribution in Lincoln County, Minnesota
Citizen Population in Lincoln County, Minnesota (2022)
Political Trends & Data
Lincoln County, Minnesota, showed a marked leaning towards Republican candidates in the 2020 Presidential election, with approximately 68% of the votes. Democratic support was significantly lower at around 30%, and third-party options, like Libertarian and Green, barely made a dent. This heavy Republican tilt could indicate a strong conservative base, though the small percentage of third-party votes suggests some level of interest in alternatives to the major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lincoln County, Minnesota, appears to have leaned heavily Republican in the 2020 U.S. Presidential election with roughly 68% of the votes. Democratic support lagged significantly, garnering only about 30%, while third-party votes, including Libertarian and Green, were minimal. The data suggests a strong preference for conservative candidates in this region, though it's worth noting minor, yet present, interest in alternative parties.
68.09% of voters voted for the Republican party in the 2020 Presidential Election
30.08% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.90% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lincoln County, Minnesota has seen its student-to-teacher ratio rise dramatically over the past decade, jumping from around 9 students per teacher in 2014 to about 28 students per teacher in 2023. With the national average at 14 students per teacher, this spike possibly signals larger class sizes and strained educational resources. For investors, real estate agents, and families moving to the area, this trend could influence property values and community desirability, especially for those... Read more
Student-to-teacher ratio in Lincoln County, Minnesota over the last 10 years
Over the past ten years, Lincoln County, Minnesota has seen a significant increase in its student-to-teacher ratio, climbing from around 9 students per teacher in 2014 to an estimated 28 students per teacher in 2023. This uptick, especially in recent years, could be a critical factor for anyone interested in the local educational landscape. Compared to the national average of 14 students per teacher, Lincoln County's higher ratio might indicate larger class sizes and possibly strain on educational resources. For investors, real estate agents, appraisers, and those moving to the area, this trend might impact property values or desirability, especially for families prioritizing education quality. Understanding these changes may also guide decisions for education-focused investments or infrastructure development in the county.
