Marshall County Real Estate and Livability Trends
Marshall County, Minnesota has shown economic resilience, with average taxable income per tax return growing from around $58,029.00 in 2013 to nearly $77,273.00 in 2021. Median home values have followed suit, rising from $93,500 in 2015 to $140,900 in 2022, while energy tax credits per tax return surged to $538.46 in 2021, indicating rising investments in energy-efficient projects. Despite this... Read more
Marshall County Market Trends
Marshall County, Minnesota, has experienced a notable rise in median home values from $93,500 in 2015 to $140,900 in 2022, making it an attractive yet affordable option compared to the state's $286,800. Energy tax credits per tax return saw a dramatic spike to $538.46 in 2021, hinting at increasing investments in energy-efficient projects. Real estate taxes have almost doubled over a decade,... Read more
Median Value of Occupied Housing Units in Marshall County, Minnesota Over the Last 8 Years
Marshall County, Minnesota, has experienced steady growth in median home values over the past eight years, rising from $93,500 in 2015 to $140,900 in 2022, which hints at a healthy local real estate market. Despite this, Marshall County's home values remain significantly lower than both Minnesota's overall median value, which reached $286,800 in 2022, and the national median of $179,400. For those interested in investing or building property, these trends suggest that Marshall County presents a more affordable option within the state while still showing promising value appreciation.
Residential Energy Tax Credit Per Tax Return in Marshall County, MN Over the Last 8 Years
Marshall County, Minnesota has seen significant fluctuation in residential energy tax credits per tax return over the past eight years. After starting at $223.08 in 2013, there was a notable peak at $318.18 in 2014, followed by a dip and then a steady increase from 2016 onward. Interestingly, 2021 saw a dramatic surge to $538.46, almost doubling from the previous year's $283.33. This trend likely indicates growing investments in energy efficiency or renewable energy projects among homeowners, making it an intriguing area for investors, real estate agents, and those focused on sustainable living.
Average Real Estate Taxes Per Tax Return in Marshall County, MN Over the Last 10 Years
Marshall County, Minnesota has seen a significant increase in average real estate taxes per tax return over the past decade, with figures rising from approximately $1652.86 in 2012 to about $3140.00 in 2021. Notably, the jump between 2017 and 2018 from $1978.26 to $2600.00, and a subsequent rise to $3233.33 in 2019, highlights a sharp uptick likely reflecting property value reassessments or municipal tax adjustments. Potential investors, builders, real estate agents, and homeowners may want to take these trends into account when considering the long-term financial commitments of property ownership in the area. The apparent plateau around 2020-2021 suggests some stabilization, but the overall trend points to rising costs that could impact affordability and insurance premiums.
Percentage of Farm Returns in Marshall County, MN Over the Last 10 Years
Marshall County, Minnesota, has seen a noticeable decline in the percentage of farm tax returns over the past decade, falling from 21.18% in 2012 to 19.20% in 2021. Farm tax returns represent the financial filings by individuals or businesses derived primarily from agricultural activities, indicating a potential decrease in farming entities or profitability. This trend could signal challenges in the agricultural sector, influencing decisions for investors, builders, or prospective residents considering the county’s economic vibrancy.
Number of Mortgages by Occupancy Type in Marshall County, MN Over the Last 5 Years in Marshall County
Over the past five years, mortgage trends in Marshall County, Minnesota show a dominant preference for principal residences, with counts fluctuating but generally high, peaking at 335 in 2020 and showing a noticeable dip to 230 in 2022. Investment properties have seen minimal but generally consistent activity, with values typically under 10 per year. Second residences remain rare, with negligible variations. Shifts in occupancy types can impact local markets, influencing demand for various property types and potentially affecting property values and insurance risk assessments. Investors, real estate agents, and appraisers might find these trends useful for understanding market dynamics and planning strategies accordingly.
Economic Outlook
In Marshall County, Minnesota, the notable growth in average taxable income per tax return, from around $58,029.00 in 2013 to nearly $77,273.00 in 2021, suggests a strengthening economic environment attractive for real estate investments and development. This increased economic activity is mirrored by a significant rise in average state and local income taxes, with figures jumping from approximately $8,680.46 in 2012 to over $21,140.00 by 2021, possibly reflecting broader economic shifts or... Read more
Average Taxable Income per Tax Return in Marshall County, MN over the last 9 years
In Marshall County, Minnesota, the average taxable income per tax return has exhibited notable growth over the past nine years. Starting at around $58,029.00 in 2013, the trend remained largely flat until 2015, followed by gradual increases through 2017. The rise became more pronounced between 2018 and 2021, culminating in nearly $77,273.00 in 2021. This suggests a strengthening economic environment, making the county potentially attractive for real estate investments, property development, and other financial ventures. Such trends could impact property appraisals, insurance premiums, and the overall living standards in the area.
Average State and Local Income Taxes Per Tax Return in Marshall County, MN Over the Last 10 Years
Marshall County, Minnesota has seen a significant rise in average state and local income taxes per tax return over the past decade, starting from approximately $8,680.46 in 2012 to over $21,140.00 in 2021. Notable jumps occurred in recent years, especially between 2018 and 2020, where figures surged from about $11,676.47 to $19,486.67, respectively. This trend could suggest broader economic shifts or policy changes, making it a potential point of consideration for investors, potential residents, and developers.
Average Total Tax Liability Per Tax Return in Marshall County, MN Over the Last 10 Years
Marshall County, Minnesota has experienced fluctuations in its average total tax liability per tax return over the past decade. Notably, there was a significant dip around 2018 where the liability hit its lowest at approximately $7,894.40. However, it rebounded sharply, with 2021 showing a substantial increase to around $10,843.17. This volatility could indicate various economic shifts or policy changes impacting residents' taxable incomes. This trend tells a story of economic resilience and adaptation, suggesting potential considerations for investors and residents regarding the county's fiscal health and stability.
Cost of Living in Marshall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,034 | $1,492 | $1,802 | $1,445 | $1,336 |
| 1 adult 4 children | $1,034 | $1,218 | $1,404 | $1,445 | $1,547 |
| 2 adults 3 children | $1,034 | $1,219 | $1,551 | $1,445 | $1,102 |
| 1 adult 3 children | $1,034 | $995 | $1,153 | $1,445 | $1,288 |
| 2 adults 2 children | $831 | $998 | $1,299 | $1,256 | $939 |
| 1 adult 2 children | $831 | $745 | $901 | $1,256 | $990 |
| 2 adults 1 child | $831 | $789 | $1,048 | $641 | $833 |
| 1 adult 1 child | $831 | $509 | $650 | $641 | $719 |
| 2 adults | $631 | $633 | $796 | $0 | $648 |
| 1 adult | $556 | $346 | $398 | $0 | $554 |
Safety trends & Data
Marshall County, Minnesota has seen some shifts in property crime rates over recent years, with burglary incidents increasing from 1 in 2018 to 3 in 2022. Larceny-theft spiked to 4 occurrences in 2021, while fraud was barely a blip, recorded just in 2018. Motor vehicle theft and vandalism appeared in 2021, with 1 and 2 incidents respectively, and vandalism continued into 2022. Such trends might signal evolving safety and property risk factors, potentially influencing decisions for investors,... Read more
Property Crime Trends in Marshall County, MN Over the Last 3 Years
Marshall County, Minnesota has experienced fluctuating property crime rates over the last few years. Notably, burglary incidents increased from 1 in 2018 to 3 in 2022. Larceny-theft saw a notable rise in 2021, reaching 4 occurrences. Fraud was minimal, recorded only in 2018. Motor vehicle theft and vandalism cases emerged in 2021, each with 1 and 2 incidents respectively, with vandalism persisting into 2022. These trends may interest potential investors, residents, and real estate professionals as indicators of changing safety and property risk factors in the area.
Demographics
Marshall County, Minnesota has a nearly balanced gender distribution among its adult population. Despite a predominantly White racial demographic, there is a modest representation from various ethnic backgrounds. The county shows a significant portion of its population with high school education or higher, though there's room for higher educational qualifications. Notably, there's a sizable older demographic, highlighting a potential need for services oriented towards senior... Read more
Race Distribution in Marshall County, Minnesota (2022)
Educational Attainment in Marshall County, Minnesota (2022)
Age Distribution in Marshall County, Minnesota
Citizen Population in Marshall County, Minnesota (2022)
Political Trends & Data
In Marshall County, Minnesota, the 2020 U.S. Presidential Election results suggest a strong Republican lean, with over 72% of the vote compared to roughly 25% for the Democrats. Minimal support for third parties, collectively under 1%, reflects political priorities that might shape future campaign... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marshall County, Minnesota, the 2020 U.S. Presidential Election results potentially indicated a strong leaning toward the Republican party, with over 72% of the vote. In contrast, the Democratic party received roughly 25%, suggesting a significant gap between the two major parties. Third parties, including Libertarian and Green, garnered minimal support, collectively managing less than 1% of the vote. This distribution might reflect the county's political priorities and could influence future campaign strategies for both local and national candidates.
72.78% of voters voted for the Republican party in the 2020 Presidential Election
25.33% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Green party in the 2020 Presidential Election
1.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marshall County, Minnesota has seen its student-to-teacher ratio fluctuate over the past decade, starting at approximately 14 in 2014, dropping to 11.74 in 2018, and rising again to 13.3 by 2023. These variations, generally staying below the national average of 14, may indicate shifts in enrollment and staffing levels. For investors and real estate agents, these ratios could reflect the region's focus on education quality, potentially influencing property values and community appeal. Insurance... Read more
Student-to-teacher ratio in Marshall County, Minnesota over the last 10 years
Marshall County, Minnesota has seen a notable trend in its student-to-teacher ratio over the last decade. Starting at approximately 14 students per teacher in 2014, the ratio dipped to about 11.74 by 2018, indicating improved personalized attention in classrooms. However, it has since risen to around 13.3 by 2023. These fluctuations, generally staying below the US national average of 14, suggest potential factors like changing enrollment numbers and faculty staffing levels impacting classroom dynamics. For investors, real estate agents, or those looking to move, these ratios may reflect the region's commitment to education quality, which can be a significant factor in property values and community attractiveness. Insurance agents and appraisers might find these trends relevant for comprehensive risk assessments and valuation models.
