Morrison County Real Estate and Livability Trends
Morrison County, Minnesota's average taxable income per tax return has increased from about $45,611.41 in 2013 to around $64,408.64 in 2021, suggesting potential appeal for real estate investors and relocators due to stronger financial health among residents. Median home values have also been climbing, from $153,300 in 2015 to $220,600 in 2022, highlighting property value appreciation which could... Read more
Morrison County Market Trends
Morrison County, Minnesota’s median home values have consistently increased, climbing from $153,300 in 2015 to $220,600 in 2022, trailing the state's rise from $186,200 to $286,800, but still above national trends. Residential energy tax credits have fluctuated dramatically, peaking at $3,500 in 2018, influencing green home upgrades. Real estate taxes per return have steadily increased from... Read more
Median Value of Occupied Housing Units in Morrison County, Minnesota Over the Last 8 Years
Morrison County, Minnesota has seen a consistent increase in median home values over the past eight years, jumping from $153,300 in 2015 to $220,600 in 2022. This growth, though positive, generally lags behind the state of Minnesota which saw home values rise from $186,200 to $286,800 in the same period. Comparatively, Morrison County's market trends also surpass the national trends where the median value increased from $125,500 in 2015 to $179,400 in 2022, showing a competitive yet affordable market for potential investors and homebuyers. This data might imply more accessible investment opportunities with reasonable appreciation compared to the state average.
Residential Energy Tax Credit Per Tax Return in Morrison County, MN Over the Last 9 Years
The average residential energy tax credit per tax return in Morrison County, Minnesota, has shown significant fluctuations over the past nine years, with notable peaks in 2014 at $721.62 and a dramatic rise in 2018 reaching $3,500.00. More recent years like 2020 and 2021 have seen fairly steady figures around the $770.00 to $880.95 range. This variance could suggest changing incentives or adoption rates for energy-efficient home upgrades, representing both opportunities and considerations for investors, homeowners, and real estate professionals evaluating the cost-benefit of green initiatives in the area.
Average Real Estate Taxes Per Tax Return in Morrison County, MN Over the Last 10 Years
Morrison County, Minnesota has seen a steady increase in average real estate taxes per tax return over the past decade, rising from $2,147.53 in 2012 to $3,270.18 in 2021. Notable jumps occurred in 2017 and 2018, where values surged to $2,486.80 and $2,980.30 respectively, hinting at potential shifts in property values or tax policies. This upward trend may attract real estate investors eyeing the appreciation in property values, while prospective homebuyers and insurance agents should consider higher tax obligations in their financial planning. For builders and real estate agents, these insights spotlight the need to factor in tax increments when assessing property attractiveness and market dynamics in Morrison County.
Percentage of Farm Returns in Morrison County, MN Over the Last 10 Years
Over the past decade, Morrison County in Minnesota has seen a gradual decline in the percentage of farm tax returns, starting at around 13.02% in 2012 and dipping to approximately 10.91% by 2021. This modest but steady decrease suggests a potential shift in the local economy or demographic changes that could impact agricultural trends. For those interested in investing, moving to, or developing property in Morrison County, this trend may indicate evolving economic priorities and highlight areas for strategic opportunities or caution in agricultural investments.
Number of Mortgages by Occupancy Type in Morrison County, MN Over the Last 5 Years in Morrison County
Mortgages for principal residences in Morrison County, Minnesota have predominantly outpaced those for investment and second residences in the last five years, with notable spikes in 2020 and 2021, potentially indicating a high demand for primary homes in these years. There is a significant increase in the number of mortgages for principal residences in 2020 and 2021, followed by a sharp decrease in 2022. This shift could reflect varying market conditions or economic factors influencing homeownership trends. For potential investors and builders, understanding these patterns may suggest a stronger market opportunity for primary housing compared to secondary or investment properties. For insurance agents and appraisers, the high volume of principal residences could imply greater stability in market valuation and risk assessment practices.
Economic Outlook
Morrison County, Minnesota's average taxable income per tax return has risen from roughly $45,611.41 in 2013 to around $64,408.64 in 2021, suggesting a potentially strengthening local economy. This trend might attract real estate investors and those looking to relocate, as it points to growing financial health among residents. Additionally, the county's average state and local income taxes per tax return have climbed from about $4,756.85 in 2012 to approximately $11,540.00 by 2021, indicating... Read more
Average Taxable Income per Tax Return in Morrison County, MN over the last 9 years
Morrison County, Minnesota has seen a steady increase in average taxable income per tax return over the past nine years, with figures growing from approximately $45,611.41 in 2013 to around $64,408.64 in 2021. This upward trend could suggest a strengthening local economy, making the area potentially attractive for investors and those considering relocation. Property developers and real estate agents might also find this data encouraging as it hints at growing financial health among residents. For appraisers and insurance agents, rising incomes might translate to higher property values and premiums to match.
Average State and Local Income Taxes Per Tax Return in Morrison County, MN Over the Last 10 Years
Over the past decade, Morrison County, Minnesota has experienced a notable rise in average state and local income taxes per tax return, growing from around $4,756.85 in 2012 to approximately $11,540.00 by 2021. This upward trend may indicate increasing income levels or changes in tax policies. Those considering investment or relocating to Morrison County should be aware of this potential financial impact, highlighting the need to account for possibly higher tax burdens in their financial planning.
Average Total Tax Liability Per Tax Return in Morrison County, MN Over the Last 10 Years
The average total tax liability per tax return in Morrison County, Minnesota has shown a consistent upward trend over the past decade. Starting at around $5,425.22 in 2012, it surged to approximately $8,758.14 by 2021. This notable increase, particularly sharp from 2020 to 2021, could reflect various economic factors impacting residents' financial profiles. For prospective investors, home builders, and real estate agents, this rise in tax liability might suggest a potentially growing and economically dynamic community. Understanding these trends could also be critical for appraisers and insurance agents in making informed decisions and assessments.
Cost of Living in Morrison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,169 | $1,432 | $1,855 | $1,445 | $1,321 |
| 1 adult 4 children | $1,169 | $1,169 | $1,446 | $1,445 | $1,527 |
| 2 adults 3 children | $1,169 | $1,170 | $1,596 | $1,445 | $1,093 |
| 1 adult 3 children | $1,169 | $955 | $1,187 | $1,445 | $1,275 |
| 2 adults 2 children | $839 | $957 | $1,337 | $1,256 | $885 |
| 1 adult 2 children | $839 | $715 | $928 | $1,256 | $913 |
| 2 adults 1 child | $839 | $757 | $1,078 | $641 | $786 |
| 1 adult 1 child | $839 | $489 | $668 | $641 | $665 |
| 2 adults | $637 | $608 | $819 | $0 | $611 |
| 1 adult | $583 | $332 | $409 | $0 | $530 |
Safety trends & Data
Morrison County, Minnesota, has seen notable shifts in property crime trends over the past five years, with larceny-theft peaking at 50.00 incidents in 2020. The area also experienced a spike in fraud cases with incidents rising to 10.00 in 2021 and 11.00 in 2022. Although burglary rates fluctuated moderately, vandalism remained relatively stable. These trends could potentially impact property values and insurance premiums, making them pivotal for real estate considerations in the... Read more
Property Crime Trends in Morrison County, MN Over the Last 5 Years
Morrison County, Minnesota, has experienced notable fluctuations in property crime over the past five years, with larceny-theft consistently being the most reported crime, peaking at 50.00 incidents in 2020. Burglary rates fluctuated moderately, but there is a noticeable spike in fraud cases in 2021 and 2022, with each year seeing 10.00 and 11.00 incidents, respectively. Vandalism appears to be relatively stable, remaining in the low teens for most years. This data suggests a potentially increasing concern around fraud, while larceny-theft remains a persistent issue, which might influence property values and insurance premiums.
Demographics
In Morrison County, Minnesota, there appears to be a slightly higher population of males compared to females. The educational landscape is dominated by high school graduates and individuals with some college education, suggesting a workforce that may be well-prepared for vocational roles. The aging population is noticeable, with significant portions aged 55 and above, which could indicate future shifts in healthcare services needed. The racial makeup is predominantly White, hinting at a less... Read more
Race Distribution in Morrison County, Minnesota (2022)
Educational Attainment in Morrison County, Minnesota (2022)
Age Distribution in Morrison County, Minnesota
Citizen Population in Morrison County, Minnesota (2022)
Political Trends & Data
Morrison County, Minnesota exhibited a notable Republican lean in the 2020 U.S. Presidential Election, potentially hitting around 76% for the Republican vote share compared to approximately 22% for the Democratic vote. Third-party impact was almost negligible, each hovering just over 1%. This landscape hints at a politically homogeneous community with minimal third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Morrison County, Minnesota, showed a strong preference for the Republican party in the 2020 U.S. Presidential Election, with the Republican vote share possibly reaching around 76%. Meanwhile, the Democratic party garnered approximately 22%, suggesting a significant disparity. The presence of third parties like the Libertarian and Green parties was minimal, each barely crossing the 1% threshold. This data could imply a politically homogeneous region with limited influence from smaller political factions.
75.78% of voters voted for the Republican party in the 2020 Presidential Election
22.33% of voters voted for the Democrat party in the 2020 Presidential Election
0.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
0.74% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Morrison County, Minnesota has seen dramatic changes, notably spiking to 74 students per teacher in 2014 before settling around the national average of 14 students per teacher from 2016 onward. By 2023, it reached an impressive low of 11 students per teacher. This fluctuation could be influenced by enrollment shifts, staffing changes, or local policy adjustments, which might impact decisions for potential residents and investors evaluating school quality and... Read more
Student-to-teacher ratio in Morrison County, Minnesota over the last 10 years
The student-to-teacher ratio in Morrison County, Minnesota has seen significant fluctuations over the past decade. A notable spike occurred in 2014 at 74 students per teacher before normalizing to figures much closer to the national average of 14 students per teacher. Since 2016, the ratio has generally hovered just below the national average, with 2023 recording the lowest ratio at 11 students per teacher. This trend could reflect various factors such as fluctuating enrollment numbers, changes in school staffing, or local education policy adjustments, all of which could impact decisions for potential residents, investors, real estate agents, and educational professionals assessing local school quality and neighborhood desirability.
