McLeod County Real Estate and Livability Trends
In McLeod County, Minnesota, the average value of occupied housing units jumped from $148,300 in 2015 to $214,300 in 2022, suggesting real estate values are appreciating. Interestingly, residential energy tax credits peaked at $561.76 in 2021, possibly signaling an increase in energy-efficient home upgrades that could further boost property values. The rise in real estate taxes to $4,004.65 in... Read more
McLeod County Market Trends
McLeod County, Minnesota, has seen a notable increase in the median value of occupied housing units, from $148,300 in 2015 to $214,300 in 2022. In comparison to Minnesota's state-wide growth and national trends, McLeod County's housing remains more accessible, presenting potential opportunities for affordable investment. Residential energy tax credits have varied, peaking at $561.76 in 2021,... Read more
Median Value of Occupied Housing Units in McLeod County, Minnesota Over the Last 8 Years
McLeod County, Minnesota has experienced a substantial rise in the median value of occupied housing units over the past eight years, escalating from $148,300 in 2015 to $214,300 in 2022. This contrasts with Minnesota's state-wide increase from $186,200 to $286,800, and the national rise from $125,500 to $179,400 within the same period. This indicates that McLeod County's housing market, while growing, might be more accessible compared to state averages, presenting potential opportunities for investors and homebuyers looking to explore more affordable options in Minnesota.
Residential Energy Tax Credit Per Tax Return in McLeod County, MN Over the Last 8 Years
Over the past eight years in McLeod County, Minnesota, the average residential energy tax credit per tax return has shown noticeable fluctuations, particularly peaking in recent years. Starting at approximately $330.36 in 2013, it reached its highest at around $561.76 in 2021. This trend may imply increasing investments in energy-efficient home improvements or rising costs associated with such upgrades. For investors, builders, and real estate professionals, this could suggest a growing local market prioritizing sustainable living, potentially impacting property values and insurance considerations.
Average Real Estate Taxes Per Tax Return in McLeod County, MN Over the Last 10 Years
Real estate taxes in McLeod County, Minnesota, have shown a notable upward trend over the last decade, increasing from approximately $2,387.57 in 2012 to around $4,004.65 in 2021. This significant rise may suggest a growing local property market or increased property values. Potential investors and homeowners should consider this upward shift in taxes as part of their financial planning. The increase also hints at a likely appreciation in property values, which can be a crucial factor for anyone looking to invest or appraise properties in the area.
Percentage of Farm Returns in McLeod County, MN Over the Last 10 Years
Over the past decade, McLeod County, Minnesota, has seen a slight decline in the percentage of farm returns, fluctuating from approximately 5.09% in 2012 to around 4.42% in 2021. Farm tax returns are important measures of agricultural activity and health, reflecting the economic output and profitability of the farming sector. Lower percentages could indicate shifting economic dynamics, such as a move toward other industries, efficiencies in farming practices reducing the number of farms, or consolidation into larger agricultural entities. This trend may suggest a changing landscape for potential investors and residents, pointing towards evolving opportunities or challenges in the local agricultural economy.
Number of Mortgages by Occupancy Type in McLeod County, MN Over the Last 5 Years in McLeod County
In McLeod County, Minnesota, the data reveals that principal residences dominate the mortgage landscape, significantly outnumbering investment and second properties over the past five years. This trend suggests a stable demand for primary living spaces, which could indicate a more secure real estate market for homebuyers and potentially lower vacancy rates. On the investment property side, a relatively consistent but minor presence suggests limited speculative activity or investment opportunities. Changes in occupancy type are crucial as they affect market stability, investment strategies, property valuations, and even insurance risk assessments. For those considering property development or investment, the robust market for principal residences might offer fewer risks compared to regions with higher investment properties or second homes, making McLeod County a potentially safer bet for long-term residential projects.
Economic Outlook
In McLeod County, Minnesota, the average taxable income per tax return has increased steadily from $53,646.88 in 2013 to $70,777.58 in 2021, hinting at potential economic growth and rising earning power. The average state and local income taxes per tax return jumped from $5,652.51 in 2012 to $10,415.38 by 2021, with significant spikes post-2017. Additionally, the average total tax liability per tax return rose from $7,543.20 in 2012 to $9,626.60 by 2021. These trends may signal a robust local... Read more
Average Taxable Income per Tax Return in McLeod County, MN over the last 9 years
In McLeod County, Minnesota, the average taxable income per tax return has seen a consistent upward trend over the past nine years. From $53,646.88 in 2013 to $70,777.58 in 2021, this steady increase indicates potential economic growth and rising earning power among residents. For those looking to invest or move to the area, this trend could suggest a robust local economy. Real estate agents and property developers might find this data useful for gauging market stability, while insurance agents and appraisers could leverage it to better understand the financial landscape of the county.
Average State and Local Income Taxes Per Tax Return in McLeod County, MN Over the Last 10 Years
Over the past decade, McLeod County, Minnesota, experienced a notable increase in average state and local income taxes per tax return, with amounts jumping from approximately $5,652.51 in 2012 to around $10,415.38 by 2021. The most significant spikes occurred post-2017, peaking in 2019 at about $11,178.18. This trend could impact financial planning for residents and might be a consideration for potential investors and those looking to relocate, as it suggests evolving fiscal dynamics in the area that might affect disposable income and investment appeal.
Average Total Tax Liability Per Tax Return in McLeod County, MN Over the Last 10 Years
In McLeod County, Minnesota, the average total tax liability per tax return has seen a general upward trend over the past decade. In 2012, the average was around $7,543.20, gradually increasing nearly every year to peak at $9,626.60 by 2021. This could suggest rising incomes or changes in tax policies impacting residents. For investors, real estate agents, and appraisal professionals, this trend may indicate a generally healthier economic environment. However, it may also mean higher costs for residents or potential buyers, important for insurance agents and property developers to consider.
Cost of Living in McLeod County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,204 | $1,484 | $1,799 | $1,445 | $1,305 |
| 1 adult 4 children | $1,204 | $1,212 | $1,401 | $1,445 | $1,506 |
| 2 adults 3 children | $1,204 | $1,212 | $1,548 | $1,445 | $1,078 |
| 1 adult 3 children | $1,204 | $990 | $1,150 | $1,445 | $1,256 |
| 2 adults 2 children | $847 | $992 | $1,297 | $1,256 | $862 |
| 1 adult 2 children | $847 | $741 | $899 | $1,256 | $881 |
| 2 adults 1 child | $847 | $784 | $1,046 | $641 | $766 |
| 1 adult 1 child | $847 | $507 | $648 | $641 | $664 |
| 2 adults | $643 | $630 | $795 | $0 | $612 |
| 1 adult | $641 | $344 | $397 | $0 | $529 |
Safety trends & Data
McLeod County, Minnesota, has seen varying trends in property crimes over the past five years. Larceny-theft dropped sharply from 75.00 in 2018 to 18.00 in 2022, while burglary incidents peaked at 13.00 in 2018 but fell to 6.00 by 2022. Fraud and vandalism remained relatively constant, though somewhat erratic year-to-year. Motor vehicle theft and other property crimes show no clear pattern, underscoring the need for ongoing vigilance among investors, developers, and... Read more
Property Crime Trends in McLeod County, MN Over the Last 5 Years
McLeod County, Minnesota, has seen fluctuating property crime rates over the past five years, notably in categories like larceny-theft and burglary. Larceny-theft numbers dropped significantly from 75.0 in 2018 to 18.0 in 2022, while burglary occurrences saw less dramatic but notable changes, peaking at 13.0 in 2018 and falling to 6.0 by 2022. Meanwhile, instances of fraud and vandalism remain somewhat constant but varied across the years. Trends in motor vehicle theft and other property crimes have shown no consistent direction, making it crucial for potential investors, property developers, and residents to stay informed on these evolving dynamics.
Demographics
McLeod County, Minnesota shows a slight majority of females in its adult population, hinting at subtle gender dynamics in the region. Educational attainment leans heavily towards high school graduates with a noticeable fraction of residents pursuing some college education or an associate's degree. Age distribution highlights a balanced spread across various age groups, but there’s a significant representation of individuals in the 55 to 64 years bracket. The racial composition is... Read more
Race Distribution in McLeod County, Minnesota (2022)
Educational Attainment in McLeod County, Minnesota (2022)
Age Distribution in McLeod County, Minnesota
Citizen Population in McLeod County, Minnesota (2022)
Political Trends & Data
McLeod County, Minnesota, exhibited a solid Republican preference in the 2020 U.S. Presidential Election, with approximately 67% of votes favoring the Republican candidate. Democrats received around 31%, while Libertarians drew nearly 1.4%. Third-party contenders, including the Green Party, collectively secured roughly 1%, indicating a dominant two-party competition and a notable skew towards Republican policies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
McLeod County, Minnesota, saw a strong Republican lean in the 2020 U.S. Presidential Election, with approximately 67% of votes going to the Republican candidate. Democrats garnered about 31% of the vote, while Libertarians attracted nearly 1.4%. The presence of third-party candidates such as the Green Party and other minor parties was quite minimal, collectively capturing around 1% of the vote. This suggests a predominantly two-party competitive dynamic, with a marked preference for Republican policies in this region.
66.81% of voters voted for the Republican party in the 2020 Presidential Election
30.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.39% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Green party in the 2020 Presidential Election
0.88% of voters voted for the Other party in the 2020 Presidential Election
School Data
In McLeod County, Minnesota, the student-to-teacher ratio has generally been higher than the national average of 14 students per teacher over the past decade, climbing to over 21 by 2023. This trend towards larger class sizes might suggest implications for educational quality and accessibility, making it significant for families considering relocation. For real estate agents, educational appraisers, policymakers focused on education reforms, and investors in educational infrastructure, these... Read more
Student-to-teacher ratio in Mcleod County, Minnesota over the last 10 years
In Mcleod County, Minnesota, the student-to-teacher ratio has generally been higher than the national average of 14 students per teacher over the past decade. While there were a few years like 2015 and 2017 where the ratios dipped close to or below this average, recent years have seen a noticeable increase. By 2023, the ratio had climbed to over 21 students per teacher, which could indicate a trend towards larger class sizes. This might suggest implications for educational quality and accessibility, making it relevant for families considering relocation, educational appraisers, and policymakers focused on education reforms. Changes like these can inform decisions for real estate agents advising on school districts, insurers assessing institutional risks, and investors in educational infrastructure.
