Meeker County Real Estate and Livability Trends
Meeker County, Minnesota is showing intriguing real estate trends with median home values jumping from $157,200 to $216,800 over the past eight years, outpacing national and state averages. Tax changes reflect this growth too, with property taxes rising from $2,302.48 in 2012 to $3,618.75 by 2021. Economic prosperity is also evident as average taxable income grew to $79,299.74 in 2021. However,... Read more
Meeker County Market Trends
Meeker County has seen substantial growth in median home values, climbing from $157,200 to $216,800 over the past eight years. This increase, although in line with national trends, significantly surpasses national median values and remains more competitive compared to Minnesota's state averages. The fluctuations in the average residential energy tax credits, peaking notably in 2015 and 2020, hint... Read more
Median Value of Occupied Housing Units in Meeker County, Minnesota Over the Last 8 Years
Over the past eight years, Meeker County's median home values have risen from $157,200 to $216,800, showing substantial growth. While this uptick mirrors the national trend, where median values climbed from $125,500 to $179,400, Meeker County's prices outpace these by a significant margin. However, Minnesota as a whole has seen an even steeper increase, with median values escalating from $186,200 to $286,800. For potential investors, homeowners, and builders, the competitive pricing in Meeker County compared to broader state averages may present intriguing opportunities and considerations.
Residential Energy Tax Credit Per Tax Return in Meeker County, MN Over the Last 8 Years
Meeker County, Minnesota has seen fluctuations in average residential energy tax credits per tax return over the past eight years. Notable peaks occurred in 2015 and 2020, with values hitting approximately $773.68 and $850.00 respectively. Despite some dips, such as in 2017 where it fell to around $540.00, the trend suggests a growing interest or investment in energy-efficient home upgrades. This pattern might indicate a responsive market for green home improvements, making it a potentially attractive area for real estate investments focused on energy efficiency.
Average Real Estate Taxes Per Tax Return in Meeker County, MN Over the Last 10 Years
Over the past decade, Meeker County, Minnesota has witnessed a substantial increase in average real estate taxes per tax return. While the average tax in 2012 was $2,302.48, it surged to $3,618.75 in 2021. This upward trend may suggest a growing demand for real estate, impacting home valuations and, consequently, tax assessments. Such a rise in taxes is essential for investors, real estate agents, and potential homeowners to consider, as it affects the overall cost of property ownership and investment viability.
Percentage of Farm Returns in Meeker County, MN Over the Last 10 Years
Meeker County, Minnesota has seen a gradual decline in the percentage of farm tax returns over the last decade, starting from around 8.96% in 2012 and dropping to approximately 7.27% in 2021. Farm tax returns are a key measure of the agricultural sector's economic activity, representing income and operations directly tied to farming. This decrease could imply shifts in land use, agricultural profitability, or demographic changes that potential investors, new residents, or property developers might find important to consider.
Number of Mortgages by Occupancy Type in Meeker County, MN Over the Last 5 Years in Meeker County
The mortgage data for Meeker County, Minnesota shows significant fluctuations in principal residence loans, suggesting notable changes in the residential market over the past five years. Investment property mortgages have remained relatively stable, implying steady but modest interest from property investors. A sharp increase in principal residence mortgages in 2021 indicates possible market conditions or economic factors that prompted residents to secure primary housing loans. These trends are crucial for potential investors or real estate developers considering the stability and demand in the housing market. Insurance agents and appraisers can glean insights into risk profiles and property values, while those planning to move or build in the area can better understand housing availability and investment opportunities.
Economic Outlook
Average taxable income in Meeker County, Minnesota has surged to $79,299.74 in 2021, with notable growth beginning in 2017. This uptick hints at economic growth and higher earnings, attracting the interest of investors and real estate agents. Concurrently, state and local income taxes have risen significantly, reaching $16,436.00 by 2021, reflecting an increased tax burden that may influence economic decisions. The average total tax liability per tax return also climbed to approximately... Read more
Average Taxable Income per Tax Return in Meeker County, MN over the last 9 years
Average taxable income per tax return in Meeker County, Minnesota has been on an upward trajectory over the last nine years, with a notable acceleration starting in 2017. By 2021, the average taxable income jumped significantly to $79,299.74, indicating potential economic growth or higher earnings in the area. This trend may be of interest to investors, real estate agents, or those looking to understand the economic climate of Meeker County, as it suggests a rise in affluence and possibly an increased capacity for spending or investment in the community.
Average State and Local Income Taxes Per Tax Return in Meeker County, MN Over the Last 10 Years
Over the past decade, Meeker County, Minnesota has experienced a significant rise in average state and local income taxes per tax return. Starting around $5,535.35 in 2012, the figures showed a steady annual increase, hitting $7,648.42 by 2017. The most notable jumps occurred in 2018 and onwards, with taxes exponentially rising to $16,436.00 by 2021. This trend suggests an increasing tax burden, potentially impacting economic decisions for residents, investors, and those considering property development in the area.
Average Total Tax Liability Per Tax Return in Meeker County, MN Over the Last 10 Years
Over the past decade, Meeker County, Minnesota has seen a noticeable upward trend in the average total tax liability per tax return, starting at around $7,170.15 in 2012 and climbing to approximately $11,856.39 by 2021. This significant increase may suggest a rise in income levels or changes in tax policies affecting residents. Real estate investors, property developers, and insurance agents should take this financial shift into account when evaluating the economic environment and potential market dynamics in the area. For those considering a move or already living in Meeker County, it's essential to be aware of these tax implications as they could reflect broader economic growth and investment opportunities.
Cost of Living in Meeker County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,247 | $1,416 | $1,799 | $1,445 | $1,337 |
| 1 adult 4 children | $1,247 | $1,156 | $1,401 | $1,445 | $1,551 |
| 2 adults 3 children | $1,247 | $1,156 | $1,548 | $1,445 | $1,113 |
| 1 adult 3 children | $1,247 | $944 | $1,150 | $1,445 | $1,304 |
| 2 adults 2 children | $881 | $947 | $1,297 | $1,256 | $889 |
| 1 adult 2 children | $881 | $707 | $899 | $1,256 | $925 |
| 2 adults 1 child | $881 | $748 | $1,046 | $641 | $793 |
| 1 adult 1 child | $881 | $483 | $648 | $641 | $701 |
| 2 adults | $679 | $601 | $795 | $0 | $635 |
| 1 adult | $589 | $328 | $397 | $0 | $528 |
Safety trends & Data
Meeker County, Minnesota, has experienced periodic spikes in arson and vandalism, especially in 2018 and 2020, which suggest occasional disruptions rather than ongoing issues. There seems to be a generally consistent concern with larceny-theft and fraud, though burglary arrests have decreased from 5.0 in 2018 to 1.0 in 2021. Low but persistent levels of motor vehicle theft and fraud highlight the need for vigilance. Focusing on vandalism and proactive mitigation measures might be key to... Read more
Property Crime Trends in Meeker County, MN Over the Last 5 Years
Meeker County, Minnesota, has seen notable fluctuations in property crime over the past five years. Arson and vandalism spikes, particularly in 2018 and 2020, suggest intermittent issues rather than a sustained trend. Larceny-theft and fraud remain consistent concerns, although there appears to be a general decline in burglary arrests from 5.0 in 2018 to 1.0 in 2021. While motor vehicle theft and fraud persist at a low level, attention to vandalism and timely mitigation could be crucial for maintaining property values and community safety. This data could inform potential investors, property developers, and local law enforcement strategies in the region.
Demographics
Meeker County, Minnesota, has a relatively balanced adult population with slightly more males than females. The educational attainment levels reveal a strong leaning towards high school graduates, with a substantial number having some college education or associate degrees, while bachelors and graduate degrees are less prevalent. Age distribution is fairly spread out, though there's a notable peak in the 55 to 64 years range. The racial demographic is overwhelmingly White, with very minimal... Read more
Race Distribution in Meeker County, Minnesota (2022)
Educational Attainment in Meeker County, Minnesota (2022)
Age Distribution in Meeker County, Minnesota
Citizen Population in Meeker County, Minnesota (2022)
Political Trends & Data
In Meeker County, Minnesota, the political landscape leans heavily Republican, with nearly 70% of voters supporting the GOP in the 2020 Presidential Election. Democrats trail significantly, capturing about 29% of the vote, hinting at a solid conservative base. Third parties barely make a mark, collectively securing just over 1%, indicating a strong two-party preference with a notable tilt towards the Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Meeker County, Minnesota, tends to lean heavily Republican, with nearly 70% of votes cast for the Republican candidate in the 2020 Presidential Election. Democrats garnered approximately 29% of the vote, a distant second. The presence of third parties such as Libertarian and Green is minimal, collectively making up just over 1% of the vote. This suggests a strong preference for major parties in this region, particularly for the Republican party.
69.18% of voters voted for the Republican party in the 2020 Presidential Election
28.58% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
1.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
Meeker County, Minnesota has seen an evolving student-to-teacher ratio over the last decade, dipping to a favorable 12 students per teacher in 2023, below the national average of 14. This trend suggests a possible advantage for educational quality, potentially providing more individualized attention to students. Such metrics could interest real estate agents and potential homeowners as indicators of a community's commitment to education, possibly influencing property values and insurance... Read more
Student-to-teacher ratio in Meeker County, Minnesota over the last 10 years
Over the past decade, Meeker County, Minnesota has seen varying student-to-teacher ratios, beginning with 14 students per teacher in 2014 and dipping to as low as 12 students per teacher in some years. Most recently, the county saw a ratio of 12 students per teacher in 2023, which is below the current national average of 14. These lower ratios could suggest a favorable teaching environment with potentially more individualized attention for students, which might benefit residents' educational investment interests. For real estate agents and potential homeowners, this trend might signal a community committed to maintaining manageable class sizes. Appraisers and insurance agents might also find this data relevant, as lower student-to-teacher ratios could indicate higher school quality, possibly affecting property values and insurance premiums.
