Mower County Real Estate and Livability Trends
Mower County, Minnesota's real estate market shows notable trends that could attract investors. The median home values have surged from $111,700 in 2015 to $158,000 in 2022, suggesting a growing yet affordable market compared to state averages. Meanwhile, real estate taxes have nearly doubled from $2,126.23 in 2012 to $4,453.85 in 2021, hinting at rising property values or increased funding... Read more
Mower County Market Trends
In Mower County, Minnesota, the median home values have significantly increased from $111,700 in 2015 to $158,000 in 2022, outpacing the national rise yet remaining below the state's median, offering an affordable market with potential for growth. Real estate taxes have steadily risen, from $2,126.23 in 2012 to $4,453.85 in 2021, indicating higher property values or increased funding needs, which... Read more
Median Value of Occupied Housing Units in Mower County, Minnesota Over the Last 8 Years
Mower County, Minnesota, shows a strong upward trend in median home values over the past eight years, rising from $111,700 in 2015 to $158,000 in 2022. While it's still below the state median, which jumped from $186,200 to $286,800 in the same period, Mower County outpaces this year's national increase from $125,500 to $179,400. For potential investors or buyers, this gap might suggest a relatively more affordable market with growth potential compared to broader state and national averages.
Residential Energy Tax Credit Per Tax Return in Mower County, MN Over the Last 9 Years
Mower County, Minnesota has experienced significant fluctuations in residential energy tax credits over the past nine years, reflecting a growing commitment to energy efficiency. Average tax credits jumped dramatically in 2018 to $3133.33, suggesting an influx of energy-efficient home improvements or installations. Although these credits dipped afterward, they still saw a considerable rise, peaking again in 2021 at $1112.00. This trend could be attractive for investors and property developers keen on sustainable building practices, while also useful for real estate agents and insurance agents to consider in their valuations and policies.
Average Real Estate Taxes Per Tax Return in Mower County, MN Over the Last 10 Years
Real estate taxes in Mower County, Minnesota have seemingly shown a steady increase over the past decade, with notable jumps from $2,126.23 in 2012 to $4,453.85 in 2021. This trend could suggest escalating property values or increased funding needs for public services. Such a tax climate might affect investment decisions, property valuations, and the cost of living for residents, making it crucial for potential homeowners, real estate agents, and developers to consider these financial dynamics thoughtfully.
Percentage of Farm Returns in Mower County, MN Over the Last 10 Years
Percentage of farm tax returns in Mower County, Minnesota has mostly hovered around the 5.5% mark over the past decade. Although there was a slight dip in 2019 and 2020 reaching just above 5%, it appears to be relatively stable with minor fluctuations. Farm tax returns, broadly speaking, reflect the portion of total tax filings that are generated from farming activity, indicating economic engagement in agriculture. For those looking to invest or build property, this steady trend highlights Mower County's enduring commitment to agriculture and its potential resilience in the sector.
Number of Mortgages by Occupancy Type in Mower County, MN Over the Last 5 Years in Mower County
Over the past five years in Mower County, Minnesota, there's been a noticeable fluctuation in the number of mortgages for different occupancy types. Principal residences have made up the majority of mortgages, peaking significantly in 2021 with 2,249 mortgages. Investment properties and second residences, though fewer, show potential areas of growth and diversification in the market. Changes in these numbers could signal shifts in the local economy and housing market dynamics, influencing decisions for investors, appraisers, builders, and residents. For instance, a spike in principal residence mortgages might indicate increasing population or housing affordability, while a rise in investment property mortgages suggests a thriving rental market.
Economic Outlook
Mower County, Minnesota's average taxable income per tax return has risen significantly from $52,397.79 in 2013 to $68,392.38 in 2021. Notable growth spurts in 2018 and 2020 suggest a thriving economic climate, potentially appealing to investors and real estate developers. Meanwhile, state and local taxes have shown marked volatility, with 2018's spike to $24,546.67 and a stabilization at $19,451.61 in 2021, possibly reflecting economic shifts or policy changes. The variability in total tax... Read more
Average Taxable Income per Tax Return in Mower County, MN over the last 9 years
Mower County, Minnesota has seen a steady increase in average taxable income per tax return over the past nine years, with figures rising from $52,397.79 in 2013 to $68,392.38 in 2021. This growth trend, especially the notable jumps in 2018 and 2020, could be attractive for investors and real estate developers looking to tap into a relatively prosperous market. For insurance agents and appraisers, this upward trajectory might hint at an increasing valuation of assets. Those considering moving to the area might view this consistent income growth as a promising sign of economic stability.
Average State and Local Income Taxes Per Tax Return in Mower County, MN Over the Last 10 Years
Mower County, Minnesota has seen a notable fluctuation in average state and local income taxes per tax return over the past decade. A significant spike occurred in 2018, with taxes reaching $24,546.67, nearly doubling from the previous year. Although this extreme hike decreased in subsequent years, figures remained elevated at around $19,451.61 in 2021. For those eyeing investment, relocation, or property development, this volatile tax trend may signal economic shifts or policy impacts within the county.
Average Total Tax Liability Per Tax Return in Mower County, MN Over the Last 10 Years
Over the past decade in Mower County, Minnesota, the average total tax liability per tax return has shown variability, with notable peaks and dips. This is possibly indicative of changing economic conditions and tax policies. For instance, 2020 saw a high of $10,634.65, whereas 2019 experienced a drop to $8,615.70. These fluctuations likely reflect broader economic trends and potential policy adjustments, giving investors, prospective movers, real estate agents, and insurance professionals valuable insights into the county's financial landscape.
Cost of Living in Mower County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,275 | $1,432 | $2,438 | $1,445 | $1,540 |
| 1 adult 4 children | $1,275 | $1,169 | $1,907 | $1,445 | $1,704 |
| 2 adults 3 children | $1,275 | $1,170 | $2,094 | $1,445 | $1,272 |
| 1 adult 3 children | $1,275 | $955 | $1,563 | $1,445 | $1,430 |
| 2 adults 2 children | $969 | $957 | $1,750 | $1,256 | $1,011 |
| 1 adult 2 children | $969 | $715 | $1,219 | $1,256 | $1,043 |
| 2 adults 1 child | $969 | $757 | $1,406 | $641 | $886 |
| 1 adult 1 child | $969 | $489 | $875 | $641 | $747 |
| 2 adults | $736 | $608 | $1,062 | $0 | $674 |
| 1 adult | $648 | $332 | $531 | $0 | $549 |
Safety trends & Data
Property crime trends in Mower County, Minnesota show some significant shifts over the past five years. Larceny-theft, for instance, has surged from 122 cases in 2018 to 176 in 2022, indicating a potential rise in risk for residents. Burglaries have seen a minor uptick from 14 to 20 cases in the same period, while motor vehicle thefts peaked at 18 in 2018 but dropped to 7 by 2022. These dynamics might influence real estate values, insurance costs, and investment strategies, making thorough risk... Read more
Property Crime Trends in Mower County, MN Over the Last 5 Years
Property crime trends in Mower County, Minnesota over the past five years show notable fluctuations. While instances of larceny-theft consistently remain the highest, increasing from 122 cases in 2018 to 176 in 2022, other crimes like burglary and motor vehicle theft reveal more variability. Burglary incidents have slightly risen from 14 cases in 2018 to 20 in 2022, whereas motor vehicle thefts exhibit a peak and subsequent decline, peaking at 18 in 2018 but reducing to 7 by 2022. Of special interest to those monitoring financial crimes, forgery and counterfeiting numbers have remained relatively stable, though they hit a low of 6 cases in 2021. These trends could impact real estate valuations, insurance premiums, and investment decisions, implying a need for comprehensive risk assessments for potential property buyers and investors in the area.
Demographics
Mower County, Minnesota shows relatively balanced gender demographics, predominantly white with a small but notable presence of Black, Asian, and other racial groups. Education levels point to a majority having at least a high school diploma but fewer achieving bachelors or higher degrees. Age distribution tilts towards a mature population with a significant number aged 45 and above, hinting at potential implications for healthcare and retirement... Read more
Race Distribution in Mower County, Minnesota (2022)
Educational Attainment in Mower County, Minnesota (2022)
Age Distribution in Mower County, Minnesota
Citizen Population in Mower County, Minnesota (2022)
Political Trends & Data
Mower County, Minnesota showed a slight preference for Republican voters in the 2020 U.S. Presidential Election, with a little over 51% of the vote. Approximately 46% of residents supported the Democratic candidate. Minor parties like Libertarians, Greens, and others had minimal impact, indicating a primarily two-party competitive... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mower County, Minnesota showed a slight lean towards Republican voters in the 2020 U.S. Presidential Election, with just over 51% of the vote, while approximately 46% supported the Democratic candidate. Libertarians, Greens, and other parties collectively saw minimal support, suggesting a predominantly two-party competitive landscape.
51.82% of voters voted for the Republican party in the 2020 Presidential Election
46.00% of voters voted for the Democrat party in the 2020 Presidential Election
0.91% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% 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
Over the past decade, Mower County, Minnesota has reported a student-to-teacher ratio ranging between approximately 14.85 and 19.59, consistently surpassing the national average of 14 students per teacher. This higher ratio may indicate larger class sizes and potentially less individualized attention for students, which could influence homebuyers, appraisers, and insurance agents in their evaluations. Real estate agents and developers might leverage this information for marketing, as the... Read more
Student-to-teacher ratio in Mower County, Minnesota over the last 10 years
Over the past decade, the student-to-teacher ratio in Mower County, Minnesota has fluctuated between about 14.85 and 19.59. Notably, the ratio has consistently been above the national average of 14 students per teacher, which might impact various stakeholders. For those looking to invest or move, this higher ratio could suggest larger class sizes and potentially less individualized attention for students. Appraisers and insurance agents might consider these trends when assessing property values and risks. Real estate agents and developers may also find this data useful for marketing purposes, as it reflects on the local education quality—an important factor for many homebuyers.
