Murray County Real Estate and Livability Trends
Murray County, Minnesota's real estate scene has been vibrant, with median home values skyrocketing from $98,600 in 2015 to $163,500 in 2022, hinting at robust local growth. The average real estate taxes per return have also more than doubled, indicating potential increases in property values or county spending. Despite steady farm tax returns, suggesting a stable agricultural sector, the... Read more
Murray County Market Trends
Over the past eight years, median home values in Murray County, Minnesota have surged from $98,600 in 2015 to $163,500 in 2022, suggesting strong local growth that seems to outpace national and state trends. Fluctuations in energy tax credits, peaking at $1,060.00 in 2014 and dropping to $233.33 in 2021, may reflect varying commitment to energy-efficient upgrades. Average real estate taxes per... Read more
Median Value of Occupied Housing Units in Murray County, Minnesota Over the Last 8 Years
Over the past eight years, median home values in Murray County, Minnesota have climbed from $98,600 in 2015 to $163,500 in 2022, reflecting a robust upward trend. This local increase appears to outpace the national trends and shows slightly higher growth rates compared to median values in Minnesota. For prospective homebuyers or investors, Murray County's housing market may offer compelling opportunities, especially for those seeking appreciation potential at a relatively lower entry price point compared to broader state averages.
Residential Energy Tax Credit Per Tax Return in Murray County, MN Over the Last 8 Years
Murray County, Minnesota has seen fluctuating residential energy tax credits per tax return over the past eight years, peaking at $1,060.00 in 2014 and dropping to $233.33 in 2021. These fluctuations could signal varying levels of investment in energy-efficient upgrades or changes in the availability of tax credit programs. For potential investors, builders, and real estate agents, this trend might reflect past energy improvement initiatives and may influence future housing market dynamics and property values. It's also a useful indicator for insurance agents and appraisers to consider when evaluating risk and valuation linked to property energy efficiency.
Average Real Estate Taxes Per Tax Return in Murray County, MN Over the Last 10 Years
Murray County, Minnesota has experienced a steady rise in average real estate taxes per tax return over the past decade, with notable increases from $1,578.95 in 2015 to $3,511.11 by 2021. This trend may indicate growing property values or increased county expenditures, which could be of keen interest to potential investors and current homeowners. Real estate agents and appraisers might find this data crucial for understanding market conditions, while prospective movers should consider these escalating costs in their financial planning.
Percentage of Farm Returns in Murray County, MN Over the Last 10 Years
In Murray County, Minnesota, it appears that the percentage of farm tax returns has experienced slight fluctuations over the past decade, ranging from approximately 19% to 20%. Farm tax returns, essential for those engaging in agricultural activities, reflect the financial health and contributions of the local farming community. For potential investors, property developers, or anyone considering moving to the area, this steady trend might indicate a stable agricultural sector, potentially making it a reliable location for agribusiness ventures or land acquisition.
Number of Mortgages by Occupancy Type in Murray County, MN Over the Last 5 Years in Murray County
In Murray County, Minnesota, mortgage trends over the last five years show clear fluctuations in the types of properties being financed. Mortgages for principal residences have consistently dominated the market, peaking significantly in 2020 with 308 cases, while investment and second residences have seen modest activity, suggesting a predominant preference for home ownership over rental or additional properties. These shifts are crucial for investors and real estate professionals, as they highlight potential stability in the owner-occupied market but may indicate limited opportunities in the rental sector. Insurers and appraisers should note these trends for risk assessment and property valuation purposes.
Economic Outlook
Murray County, Minnesota has seen a general upward trend in average taxable income per tax return, increasing from $56,689.31 in 2013 to $75,756.51 in 2021. This trend might suggest a strengthening local economy, potentially drawing interest from investors and real estate agents. Despite fluctuations in local and state income taxes, peaking at $8,814.29 in 2021, the variations reflect changes in economic conditions and possibly tax policies. Average total tax liability per tax return also shows... Read more
Average Taxable Income per Tax Return in Murray County, MN over the last 9 years
The average taxable income per tax return in Murray County, Minnesota has shown a general upward trend over the past nine years, with notable increases especially in the last three years. Starting at $56,689.31 in 2013, the figure has risen to $75,756.51 by 2021. This increase suggests a potentially strengthening local economy and could be an attractive point for investors and real estate agents. However, some fluctuations, such as the slight dip in 2016 and 2017, indicate that economic conditions have varied over time. For insurance agents and appraisers, this upward trend in average income might correlate with higher property values and potentially higher premiums.
Average State and Local Income Taxes Per Tax Return in Murray County, MN Over the Last 10 Years
Over the last decade, Murray County, Minnesota has experienced notable fluctuations in average state and local income taxes per tax return, with a peak in 2021 at $8814.29. This trend suggests variability in economic conditions and potentially evolving tax policies. The low point was seen in 2018, at $6731.25, hinting at a possible decrease in taxable income or changes in tax structure. For those eyeing investments or property development, understanding these shifts could provide critical insights into the tax landscape and economic health of the region.
Average Total Tax Liability Per Tax Return in Murray County, MN Over the Last 10 Years
Over the past decade in Murray County, Minnesota, there has been noticeable fluctuation in the average total tax liability per tax return. Starting at approximately $9,415.24 in 2012, the liability saw a decline reaching its lowest at around $7,597.71 by 2018. However, more recent years have seen a significant increase, peaking at approximately $10,532.94 in 2021. These variations suggest changing economic conditions and may indicate areas of interest for potential investors, developers, and real estate professionals observing the financial trends in the county.
Cost of Living in Murray County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,339 | $1,792 | $1,234 | $1,215 |
| 1 adult 4 children | $1,174 | $1,094 | $1,396 | $1,234 | $1,420 |
| 2 adults 3 children | $1,174 | $1,094 | $1,542 | $1,234 | $1,002 |
| 1 adult 3 children | $1,174 | $893 | $1,146 | $1,234 | $1,179 |
| 2 adults 2 children | $826 | $896 | $1,292 | $1,076 | $817 |
| 1 adult 2 children | $826 | $669 | $896 | $1,076 | $830 |
| 2 adults 1 child | $826 | $708 | $1,042 | $564 | $756 |
| 1 adult 1 child | $826 | $457 | $646 | $564 | $639 |
| 2 adults | $629 | $569 | $792 | $0 | $607 |
| 1 adult | $552 | $310 | $396 | $0 | $516 |
Safety trends & Data
Murray County, Minnesota, demonstrates a consistently low and fluctuating property crime rate over the past five years, with Larceny-Theft being the most recurrent yet not overwhelmingly frequent. Noteworthy occasional spikes, such as 7.00 reported Fraud cases in 2019, suggest mostly sporadic incidents rather than persistent trends. This generally low crime environment offers valuable insight for investors, real estate agents, and insurance professionals when assessing... Read more
Property Crime Trends in Murray County, MN Over the Last 5 Years
Murray County, Minnesota has experienced relatively low and fluctuating property crime over the past five years. Larceny-Theft appears most consistently, persisting each year but remaining underwhelming in volume. Notable spikes occur in specific categories, like Fraud in 2019, which hit 7.00 reported instances. Uncommon crimes such as Arson and Burglary occasionally surface but do not indicate persistent trends. Such data may imply a generally low crime environment with sporadic incidents, useful context for potential investors, real estate agents, and insurance professionals evaluating risk.
Demographics
The adult population of Murray County, Minnesota, reveals a nearly even split between males and females, with educational attainment leaning heavily toward high school graduates and some level of college education but lower representation in higher degrees. Age distribution data hints at a significant portion of the population in the 55 to 74 years range, which may impact local services and community planning. The county is predominantly White, with very small percentages from other racial... Read more
Race Distribution in Murray County, Minnesota (2022)
Educational Attainment in Murray County, Minnesota (2022)
Age Distribution in Murray County, Minnesota
Citizen Population in Murray County, Minnesota (2022)
Political Trends & Data
Murray County, Minnesota, saw a marked preference for Republican candidates in the 2020 U.S. Presidential Election, with close to 69% of votes. Democrats captured just under 30%, indicating a robust conservative bias. Third-party contenders made little headway, collectively securing about 2% of the vote. This political inclination could influence various aspects of local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Murray County in Minnesota saw a significant lean towards Republican candidates in the 2020 U.S. Presidential Election, with nearly 69% of the votes. Democrats garnered slightly less than 30%, indicating a strong conservative presence in the area. The Libertarian and Green parties, along with other parties, made minimal impact, collectively gathering around 2% of the vote. This distribution might suggest that the county's political landscape is predominantly right-leaning with limited support for third-party candidates.
68.69% of voters voted for the Republican party in the 2020 Presidential Election
29.60% of voters voted for the Democrat party in the 2020 Presidential Election
0.65% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
0.86% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Murray County, Minnesota has usually been lower than the national average of 14, suggesting more individualized attention for students. In 2020, the ratio fell to 12, likely due to the COVID-19 pandemic, but surged to nearly 15 in 2021, potentially reflecting short-term disruptions or staffing changes. These fluctuations could influence perceptions of educational quality, which matters for prospective residents, investors, and real estate... Read more
Student-to-teacher ratio in Murray County, Minnesota over the last 10 years
Over the last ten years, the student-to-teacher ratio in Murray County, Minnesota has generally remained below the national average of 14 students per teacher, suggesting potentially more individualized attention for students. Notably, the ratio dipped to 12 students per teacher in 2020, which could indicate a unique response to the COVID-19 pandemic. However, there was a significant spike in 2021 with nearly 15 students per teacher, signaling possible short-term disruptions or changes in school staffing. These fluctuations might affect perceptions of educational quality, making it an important consideration for prospective residents, investors, and real estate agents.
