Nicollet County Real Estate and Livability Trends
Nicollet County, Minnesota has seen its median home values rise significantly from $170,400 in 2015 to $240,700 in 2022, outpacing national trends but remaining more modest compared to the state average. With residential energy tax credits fluctuating and real estate taxes per return increasing from $2,533.20 in 2012 to $4,472.84 in 2021, property value appreciation seems likely. The... Read more
Nicollet County Market Trends
Median home values in Nicollet County, Minnesota have surged from $170,400 in 2015 to $240,700 in 2022, outpacing national growth trends. The county's more modest growth compared to Minnesota's state average creates appealing opportunities for investors seeking stable yet appreciating property values. Fluctuating residential energy tax credits and increases in real estate taxes per tax return,... Read more
Median Value of Occupied Housing Units in Nicollet County, Minnesota Over the Last 8 Years
Median home values in Nicollet County, Minnesota have consistently increased over the last eight years, climbing from $170,400 in 2015 to $240,700 in 2022. This trend suggests Nicollet County's housing market has outpaced national growth, with U.S. median values only rising from $125,500 to $179,400 during the same period. While Minnesota as a state showed a similar upward trajectory, reaching $286,800 by 2022, Nicollet County's more modest growth might appeal to investors or buyers seeking relatively stable yet appreciating property values. This data indicates potential resilience and growth opportunities in Nicollet County's housing market.
Residential Energy Tax Credit Per Tax Return in Nicollet County, MN Over the Last 8 Years
Nicollet County, Minnesota has shown a notable fluctuation in residential energy tax credits, peaking in 2015 at an average return of $525.00. Although the amount tends to vary year-to-year, dips such as in 2017 to $347.06 suggest inconsistent application or uptake of energy-saving measures. However, the substantial spike to $594.12 in 2019 implies a significant adoption of qualifying energy improvements. This trend is valuable for potential investors and homeowners considering energy efficiency initiatives and their potential tax benefits, as well as for real estate agents highlighting green improvements as a selling point.
Average Real Estate Taxes Per Tax Return in Nicollet County, MN Over the Last 10 Years
Over the past decade, Nicollet County, Minnesota has seen a notable increase in real estate taxes per tax return, rising from approximately $2,533.20 in 2012 to around $4,472.84 in 2021. This upward trend could suggest a growing property value appreciation in the area, which might be of interest to investors and potential homeowners. For real estate agents and appraisers, these figures may imply stronger market conditions. Meanwhile, insurance agents might consider this an indicator of increased property insurance values.
Percentage of Farm Returns in Nicollet County, MN Over the Last 10 Years
Over the last decade, the percentage of farm tax returns submitted in Nicollet County, Minnesota has shown a slight overall decline, dropping from around 5.14% in 2012 to about 4.33% in 2021. These statistics suggest small fluctuations but indicate a general downward trend. Farm tax returns, which document farm income and expenses for tax purposes, provide insights into the viability and scale of agricultural activities within the county. This data could imply shifts in the local farming economy, potentially affecting land values, real estate development, and investment opportunities. For those looking to invest in, relocate to, or develop property in Nicollet County, understanding these trends is crucial as they might reflect broader economic and sociocultural changes in the area.
Number of Mortgages by Occupancy Type in Nicollet County, MN Over the Last 5 Years in Nicollet County
In Nicollet County, Minnesota, the trends in mortgage counts for different occupancy types over the last five years show significant variability. Notably, principal residences lead the way, peaking at 2,235 mortgages in 2020, before dipping to around 1,015 in 2022. Investment properties and second residences have remained relatively minor but can indicate market shifts; investment property mortgages ranged from 47 to 108 annually, while second residences had low counts, fluctuating between 5 to 17 mortgages. These changes matter because they reflect shifts in economic conditions, buyer confidence, and market demand, which are critical for potential investors, homebuyers, appraisers, insurance agents, builders, and real estate professionals in making informed decisions.
Economic Outlook
Nicollet County, Minnesota has seen a generally upward trend in average taxable income, peaking at $79,072.23 in 2021. This rise potentially indicates a growing affluent population, making the area appealing for real estate investors and homebuilders. The average state and local income taxes have also increased significantly, reaching $15,708.24 by 2021, which could influence investment and development decisions. Moreover, total tax liabilities have fluctuated but showed an upward momentum from... Read more
Average Taxable Income per Tax Return in Nicollet County, MN over the last 9 years
Over the past nine years, Nicollet County, Minnesota has generally seen an upward trend in average taxable income per tax return, peaking in 2021 at $79,072.23. Following a slight dip in 2015, the figures climbed steadily from $64,349.27 in 2015 to $71,630.99 in 2020, with the biggest year-over-year jump occurring between 2020 and 2021. These figures potentially indicate a growing affluent population, making Nicollet County an attractive prospect for real estate investors, homebuilders, and insurance agents seeking a community with increasing economic prosperity.
Average State and Local Income Taxes Per Tax Return in Nicollet County, MN Over the Last 10 Years
In Nicollet County, Minnesota, average state and local income taxes per tax return have shown a noticeable upward trend over the past decade. Starting from $8,085.20 in 2012, they climbed to $15,708.24 by 2021. Significant jumps occurred particularly in 2018 and 2019. This growing tax burden might influence investor interest, property development, and living decisions, as it reflects increasing fiscal demands on residents.
Average Total Tax Liability Per Tax Return in Nicollet County, MN Over the Last 10 Years
Average total tax liabilities per tax return in Nicollet County, Minnesota have shown fluctuations over the past decade, peaking notably in 2014 at $13,767.79 and in 2021 at $12,197.99. Despite some variability, a general upward trend is observable from 2018 onwards, suggesting a rising tax burden. These changes could indicate underlying economic shifts or policy changes impacting residents and businesses. Therefore, potential investors and property developers might want to account for these tax trends when making decisions, while current residents and professionals in the area should be mindful of the evolving financial landscape.
Cost of Living in Nicollet County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,364 | $1,705 | $2,021 | $1,759 | $1,752 |
| 1 adult 4 children | $1,364 | $1,392 | $1,585 | $1,759 | $1,905 |
| 2 adults 3 children | $1,364 | $1,393 | $1,734 | $1,759 | $1,436 |
| 1 adult 3 children | $1,364 | $1,137 | $1,298 | $1,759 | $1,626 |
| 2 adults 2 children | $975 | $1,140 | $1,446 | $1,527 | $1,086 |
| 1 adult 2 children | $975 | $852 | $1,010 | $1,527 | $1,174 |
| 2 adults 1 child | $975 | $901 | $1,159 | $774 | $922 |
| 1 adult 1 child | $975 | $582 | $723 | $774 | $811 |
| 2 adults | $780 | $724 | $871 | $0 | $705 |
| 1 adult | $764 | $395 | $436 | $0 | $588 |
Safety trends & Data
Nicollet County, Minnesota has seen fluctuating property crime trends over the past five years. Notably, burglary and larceny-theft incidents peaked in 2018 but have since declined, although not to their starting levels. Fraud cases have varied significantly, hitting highs of 19 occurrences in 2018 and 2021 but dropping to a low of 5 in 2020. Vandalism and motor vehicle theft remain relatively stable with minor annual changes. This variation in crime statistics might suggest underlying economic... Read more
Property Crime Trends in Nicollet County, MN Over the Last 5 Years
Nicollet County, Minnesota has experienced fluctuating trends in property crime over the last five years. While incidents of burglary and larceny-theft were highest in 2018 and saw a dip in subsequent years, they have yet to return to those initial levels. Notably, fraud cases show significant variation, peaking in 2018 and 2021 with 19 occurrences but hitting a low of 5 in 2020. The data could suggest economic or social factors driving these shifts, offering a nuanced backdrop for investors, real estate agents, or residents to consider. Overall, vandalism and motor vehicle theft appear relatively stable, albeit with minor annual changes.
Demographics
The adult population in Nicollet County, Minnesota, shows a nearly balanced gender distribution, with men slightly outnumbering women. In terms of educational attainment, there's a significant portion of the population with at least a high school diploma, and many residents have pursued higher education, particularly bachelor's degrees. The age distribution is fairly spread out, though the largest age groups are those between 35 and 64 years. Racially, the county remains predominantly White,... Read more
Race Distribution in Nicollet County, Minnesota (2022)
Educational Attainment in Nicollet County, Minnesota (2022)
Age Distribution in Nicollet County, Minnesota
Citizen Population in Nicollet County, Minnesota (2022)
Political Trends & Data
Nicollet County, Minnesota, displayed a tight race in the 2020 U.S. Presidential Election. The Democratic party slightly edged out with just over 50% of the vote, while Republicans trailed closely at nearly 47%. Third-party votes were minimal, with Libertarians receiving roughly 1.2% and the Green party less than 0.5%. This close margin could suggest a competitive political environment in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Nicollet County, Minnesota, showed a narrow preference for the Democratic party in the 2020 U.S. Presidential Election, with just over 50% of the vote. Republicans followed closely with nearly 47%. Third-party influence was minimal, with Libertarians securing about 1.2%, and the Green party garnered less than half a percent. This slim margin between the two major parties could indicate a competitive political landscape.
47.15% of voters voted for the Republican party in the 2020 Presidential Election
50.31% of voters voted for the Democrat party in the 2020 Presidential Election
1.16% of voters voted for the Livertarian party in the 2020 Presidential Election
0.41% of voters voted for the Green party in the 2020 Presidential Election
0.97% of voters voted for the Other party in the 2020 Presidential Election
School Data
Nicollet County, Minnesota, has experienced significant swings in its student-to-teacher ratio, with a notable drop to 9 in 2023 from a peak of over 20 in 2021. The current ratio of 9 students per teacher is well below the national average of 14, suggesting smaller class sizes and potentially higher quality of education. This trend could make the area more appealing to families, potentially impacting investment decisions, property valuation, and development... Read more
Student-to-teacher ratio in Nicollet County, Minnesota over the last 10 years
Nicollet County, Minnesota has shown notable fluctuations in its student-to-teacher ratio over the past decade, from a low of 9 in 2023 to a peak of over 20 in 2021. The current ratio of 9 students per teacher contrasts significantly with the national average of 14, indicating potentially smaller class sizes and more individualized attention in recent years. These trends could be influential for potential investors, new residents, appraisers, insurance agents, property developers, and real estate agents, as smaller class sizes might suggest a higher quality of education, potentially making the area more attractive for families.
