Lyon County Real Estate and Livability Trends
Lyon County, Minnesota has seen a notable increase in median home values, climbing from $133,700 in 2015 to $177,600 in 2022, yet it still remains more affordable than the state's median of $286,800 in 2022. Local income taxes and real estate taxes also rose significantly, possibly due to new tax policies or economic conditions, impacting financial planning for residents. The fluctuating energy... Read more
Lyon County Market Trends
Lyon County, Minnesota has seen median home values rise from $133,700 in 2015 to $177,600 in 2022. Despite this upward trend, it remains more affordable than the statewide median, which leapt to $286,800 in 2022. Energy tax credits in Lyon County have fluctuated, indicating inconsistent uptake of energy-efficient home improvements, which has implications for both homeowners and policy developers.... Read more
Median Value of Occupied Housing Units in Lyon County, Minnesota Over the Last 8 Years
Lyon County, Minnesota has seen a consistent upward trend in median home values over the past eight years, climbing from $133,700 in 2015 to $177,600 in 2022. This increase, while significant, lags behind the overall state of Minnesota, where median values jumped from $186,200 in 2015 to $286,800 in 2022. Nationally, home values have also risen, though at a more moderate pace compared to Minnesota, moving from $125,500 in 2015 to $179,400 in 2022. For investors or individuals looking to move, Lyon County presents a relatively more affordable market within Minnesota, albeit with solid appreciation potential.
Residential Energy Tax Credit Per Tax Return in Lyon County, MN Over the Last 8 Years
Over the last eight years in Lyon County, Minnesota, the average residential energy tax credit per tax return has seen fluctuations, peaking at $870.83 in 2015 and dipping to a low of $441.67 in 2017. Recent years, specifically from 2019 to 2021, show a somewhat stabilized trend averaging around $600.00. This variability may suggest that while there are incentives for energy-efficient home improvements, the residents' uptake and the effectiveness of such programs might vary annually. For potential investors, homeowners, and real estate professionals, understanding these shifts could hint at broader economic or policy changes impacting the local housing market and energy consumption behaviors.
Average Real Estate Taxes Per Tax Return in Lyon County, MN Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Lyon County, Minnesota have shown a generally increasing trend. Starting at $2,340.49 in 2012, the figures fluctuated slightly in subsequent years but saw significant rises post-2016, peaking at $3,528.26 in 2020 before a slight dip to $3,220.00 in 2021. This escalating trend potentially reflects rising property values or increased county taxation, crucial for investors, builders, and real estate professionals to note. It signals a growing demand and financial commitment needed for property ownership in this region.
Percentage of Farm Returns in Lyon County, MN Over the Last 10 Years
Over the past decade, the percentage of farm returns in Lyon County, Minnesota has seen a gentle but noticeable decline, moving from around 8.49% in 2012 to roughly 7.42% in 2021. Farm tax returns, which represent the income reported by farming operations on tax filings, are an essential indicator of agricultural health and economic stability in rural areas. For those considering investments or property development in Lyon County, these trends might imply a shift in the agricultural landscape, potentially signaling changes in farm profitability, crop yields, or economic diversification of the area.
Number of Mortgages by Occupancy Type in Lyon County, MN Over the Last 5 Years in Lyon County
Over the last five years in Lyon County, Minnesota, the number of mortgages for principal residences has shown significant variation, indicating trends in homeownership investment. Notably, the surge in mortgages for primary residences between 2018 and 2021 might point to an increased confidence in the local real estate market. Investment property mortgages have remained relatively steady, suggesting a solid interest in rental and business property opportunities. Meanwhile, second residence mortgages have seen minimal fluctuation. For investors, real estate agents, and appraisers, shifts in occupancy type can reflect underlying economic conditions, potential growth areas, and the robustness of housing demands, serving as a valuable barometer for making informed decisions.
Economic Outlook
In Lyon County, Minnesota, the average taxable income per tax return has consistently grown from $57,829.25 in 2013 to $73,670.63 by 2021, pointing to a potentially strong local economy that might attract investors and homebuyers. Additionally, average state and local income taxes have risen significantly over the past decade, jumping from roughly $7,144.03 in 2012 to about $13,608.89 in 2021. This upward trend could be a reflection of new tax policies or economic conditions, impacting... Read more
Average Taxable Income per Tax Return in Lyon County, MN over the last 9 years
Lyon County, Minnesota has seen a generally upward trend in the average taxable income per tax return over the past nine years. In 2013, the average was $57,829.25 and rose steadily to $73,670.63 by 2021. Despite a slight dip in 2016, the overall growth suggests a potentially strong local economy which may be attractive to investors, homebuyers, and real estate professionals considering this area. This increasing income level might also influence property valuations and insurance premiums, presenting opportunities for appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in Lyon County, MN Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Lyon County, Minnesota have shown a significant upward trend. Starting at approximately $7,144.03 in 2012, the figure saw a steady climb, reaching around $13,608.89 by 2021. Notable spikes, particularly in 2018 and 2019 where values jumped over $12,181.82 and $13,664.81 respectively, point to potential changes in tax policies or economic conditions. Such a trend could be relevant for prospective investors or residents who need to account for these escalating costs in their financial planning.
Average Total Tax Liability Per Tax Return in Lyon County, MN Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Lyon County, Minnesota, has shown fluctuations that might interest potential investors and property builders. From $9,088.28 in 2012, it peaked at $10,985.24 in 2021. Such variability in tax liabilities could influence decisions for those looking to move to the area or invest in property, as shifts in tax burdens can affect overall cost scenarios. Understanding these trends can provide a clearer picture for appraisers, insurance agents, and real estate professionals when assessing the financial viability and attractiveness of Lyon County.
Cost of Living in Lyon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,172 | $1,444 | $1,799 | $1,445 | $1,266 |
| 1 adult 4 children | $1,172 | $1,179 | $1,401 | $1,445 | $1,465 |
| 2 adults 3 children | $1,172 | $1,179 | $1,548 | $1,445 | $1,044 |
| 1 adult 3 children | $1,172 | $963 | $1,150 | $1,445 | $1,221 |
| 2 adults 2 children | $826 | $965 | $1,297 | $1,256 | $841 |
| 1 adult 2 children | $826 | $721 | $899 | $1,256 | $855 |
| 2 adults 1 child | $826 | $763 | $1,046 | $641 | $747 |
| 1 adult 1 child | $826 | $493 | $648 | $641 | $647 |
| 2 adults | $628 | $613 | $795 | $0 | $598 |
| 1 adult | $590 | $334 | $397 | $0 | $503 |
Safety trends & Data
Lyon County, Minnesota has had an unpredictable property crime climate over the past five years. Larceny-theft arrests dropped significantly from 120.00 in 2018 to just 23.00 in 2022, while fraud and forgery-counterfeiting arrests saw minor fluctuations, suggesting steadiness for insurers and appraisers. Burglary arrests remained consistently low, not going over 12.00 annually, and vandalism arrests varied, peaking at 16.00 in 2018. This mix of trends may be important for potential investors... Read more
Property Crime Trends in Lyon County, MN Over the Last 5 Years
Lyon County, Minnesota has seen a fluctuating trend in property crimes over the past five years. The most notable decrease is in larceny-theft, from a high of 120.00 arrests in 2018 to 23.00 in 2022. Fraud and forgery-counterfeiting arrests have shown minor variations, indicating some consistency for potential insurers and appraisers. Burglary arrests have remained relatively low but consistent, not exceeding 12.00 annually. Vandalism arrests have varied, peaking at 16.00 in 2018. This dynamic crime landscape offers a mixed bag for investors and residents assessing property-related risks.
Demographics
Lyon County, Minnesota reveals a balanced gender demographic with males and females almost equally represented. The county shows a broad educational attainment spectrum, with a significant percentage holding at least a high school diploma, and notable segments achieving bachelor's and graduate degrees. Age distribution highlights a substantial senior population, while children's demographics suggest moderate growth in younger age groups. A predominantly White demographic prevails, though there... Read more
Race Distribution in Lyon County, Minnesota (2022)
Educational Attainment in Lyon County, Minnesota (2022)
Age Distribution in Lyon County, Minnesota
Citizen Population in Lyon County, Minnesota (2022)
Political Trends & Data
Lyon County, Minnesota, shows a strong Republican preference with around 61.9% of the 2020 U.S. Presidential Election vote, while Democrats potentially gathered about 35.9%. Minor parties, such as Libertarian and Green, likely captured a small remainder, indicating not only a significant lean towards Republicans but also the existence of diverse political perspectives. This division might influence local policy and community initiatives, reflecting the political leanings of the majority while... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lyon County, Minnesota, the 2020 U.S. Presidential Election results might indicate a significant leaning towards Republican preferences, with approximately 61.9% of the vote. Democrats could be seen as having garnered considerably less support, with around 35.9%. Minor parties, including Libertarian and Green, along with other candidates, possibly captured the remaining small fraction of the vote. This distribution might suggest a strong Republican base, yet the presence of diverse political voices remains notable.
61.89% of voters voted for the Republican party in the 2020 Presidential Election
35.94% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.87% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Lyon County, Minnesota, the student-to-teacher ratio has remained below the national average over the past decade, starting at about ten students per teacher in 2014 and rising to nearly thirteen and a half in 2023. The increasing ratio may reflect growing student enrollments or budget adjustments impacting teacher hires. This upward trend matters for potential home buyers and real estate investors assessing educational quality, as it suggests classrooms are becoming more crowded but still... Read more
Student-to-teacher ratio in Lyon County, Minnesota over the last 10 years
The student-to-teacher ratio in Lyon County, Minnesota has generally been lower than the national average of fourteen students per teacher over the past decade. Starting at about ten students per teacher in 2014, the ratio saw minor fluctuations, but it has been on a notable upward trajectory since 2018, reaching nearly thirteen and a half in 2023. This suggests that while classrooms are becoming slightly more crowded, they still offer a more personalized learning environment compared to many parts of the United States. This trend could indicate growing student enrollment or budget adjustments affecting teacher hires, influencing considerations for potential home buyers, real estate investors, and those assessing the quality of educational services in the area.
