Nobles County Real Estate and Livability Trends
Nobles County, Minnesota, has shown a steady rise in average taxable income per tax return, increasing from approximately $48,657.67 in 2013 to around $66,149.40 in 2021, hinting at improving economic conditions. Median home values have also climbed from $106,900 in 2015 to $161,000 in 2022, although still below state and national averages, potentially offering buyers more affordable options.... Read more
Nobles County Market Trends
Nobles County, Minnesota's median home values have climbed from $106,900 in 2015 to $161,000 in 2022, although they still trail behind state and national averages, offering a potentially more affordable entry point for buyers. Residential energy tax credits have varied, peaking at $613.04 in 2014 and hitting a low of $250.00 in 2017, with recent slight upticks possibly reflecting renewed interest... Read more
Median Value of Occupied Housing Units in Nobles County, Minnesota Over the Last 8 Years
Nobles County, Minnesota has seen an upward trend in median home values over the past eight years, rising from $106,900 in 2015 to $161,000 in 2022. This gradual growth, while steady, lags behind the state average which surged from $186,200 to $286,800 in the same period. Nationally, the median home value increased from $125,500 to $179,400. This suggests that Nobles County could offer more affordable entry points for potential buyers or investors compared to both state and national averages.
Residential Energy Tax Credit Per Tax Return in Nobles County, MN Over the Last 8 Years
Nobles County, Minnesota has seen fluctuating residential energy tax credits per tax return over the last eight years, peaking at $613.04 in 2014 and dipping to a low of $250.00 in 2017. Such variability may indicate changing incentives or shifts in local adoption of energy-efficient technologies. Notably, recent years show a slight upward trend, suggesting renewed interest or more effective energy-saving measures among residents. Prospective investors and those in real estate could potentially see increased property value and buyer incentives tied to energy efficiency improvements.
Average Real Estate Taxes Per Tax Return in Nobles County, MN Over the Last 10 Years
Over the last decade, Nobles County, Minnesota has seen a noticeable fluctuation in average real estate taxes per tax return. Starting at $2,043.04 in 2012, there was a general downward trend until 2015, hitting a low of $1,842.07. However, starting in 2016, taxes began to climb steeply, peaking at $3,403.85 in 2020. This spike likely reflects increased property valuations or local tax rate adjustments. For investors, appraisers, and real estate agents, this trend suggests rising costs could impact affordability and market dynamics. Those considering moving to or building in the area should factor in these potential increases in their financial planning.
Percentage of Farm Returns in Nobles County, MN Over the Last 10 Years
In Nobles County, Minnesota, farm tax returns have largely hovered between 9.0% and 9.8% over the past decade, with a noticeable drop to a low of around 9.0% in recent years. This suggests a slight but consistent decline in farm profitability or farming activities. Farm tax returns are crucial as they reflect the economic viability of agricultural operations in the area. For investors, developers, or potential residents, this trend might indicate a need for diversified economic activities or new agricultural investments to stabilize and grow the local economy.
Number of Mortgages by Occupancy Type in Nobles County, MN Over the Last 5 Years in Nobles County
Over the last five years, the mortgage market in Nobles County, Minnesota has shown steady numbers for principal residences, peaking in 2020 with 481. Conversely, the number of second residence mortgages remains consistently low, never surpassing single digits. Investment property mortgages have seen a gradual increase, reaching a high of 26 in 2021. Changes in occupancy types could influence the local real estate market by affecting demand for different property types and impacting pricing strategies. This dynamic is critical for investors and real estate agents who need to gauge property desirability and valuation adjustments. For those planning to move or build in the area, understanding these trends can guide better decision-making regarding property investments and long-term benefits.
Economic Outlook
Nobles County, Minnesota has shown a steady rise in average taxable income per tax return, increasing from about $48,657.67 in 2013 to roughly $66,149.40 in 2021. This trend suggests improving economic conditions which could attract investors and new residents. Notable fluctuations in state and local income taxes, peaking in 2013 and 2020, and reaching lows in 2012 and 2017, provide insights into the fiscal landscape. Additionally, average total tax liability per tax return has seen a range... Read more
Average Taxable Income per Tax Return in Nobles County, MN over the last 9 years
The average taxable income per tax return in Nobles County, Minnesota shows a gradual increase over the past nine years, indicating a steady economic improvement. For instance, the income rose from approximately $48,657.67 in 2013 to around $66,149.40 in 2021. This upward trend may suggest a healthier local economy, making the county potentially attractive for investors, property developers, and new residents. It could also hint at resilience in the local job market and possibly higher home valuations, which may interest real estate agents and appraisers.
Average State and Local Income Taxes Per Tax Return in Nobles County, MN Over the Last 10 Years
Over the last decade, Nobles County, Minnesota has seen notable fluctuations in average state and local income taxes per tax return. Peaks in tax amounts were observed in 2013 and 2020 with values reaching approximately $9,990.24 and $10,003.23 respectively, while dips occurred in 2012 and 2017 with averages around $7,119.16 and $7,584.62. These variations may reflect broader economic shifts and local policy changes, providing potential investors and residents with insights into the fiscal landscape of the county.
Average Total Tax Liability Per Tax Return in Nobles County, MN Over the Last 10 Years
Over the past decade, Nobles County, Minnesota, has revealed a fluctuating pattern in average total tax liability per tax return, ranging roughly between $6,611.65 and $9,061.97. Noteworthy is the uptick in recent years, particularly in 2021, which might catch the eye of prospective investors and insurance agents due to potential implications for property value assessments and risk calculations. For those considering moving to or investing in the area, this trend could hint at broader economic conditions and cost-of-living changes that may be unfolding. Real estate agents and those looking to build property might also find these insights valuable when advising clients or planning new developments.
Cost of Living in Nobles County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,183 | $1,339 | $1,792 | $1,445 | $1,230 |
| 1 adult 4 children | $1,183 | $1,094 | $1,396 | $1,445 | $1,435 |
| 2 adults 3 children | $1,183 | $1,094 | $1,542 | $1,445 | $1,019 |
| 1 adult 3 children | $1,183 | $893 | $1,146 | $1,445 | $1,201 |
| 2 adults 2 children | $924 | $896 | $1,292 | $1,256 | $863 |
| 1 adult 2 children | $924 | $669 | $896 | $1,256 | $896 |
| 2 adults 1 child | $924 | $708 | $1,042 | $641 | $774 |
| 1 adult 1 child | $924 | $457 | $646 | $641 | $661 |
| 2 adults | $702 | $569 | $792 | $0 | $598 |
| 1 adult | $618 | $310 | $396 | $0 | $508 |
Safety trends & Data
Nobles County, Minnesota, has seen property crime rates fluctuate over the last five years, with larceny-theft incidents rising to 63 in 2022 from 20 in 2021. Fraud peaked at 24 cases in 2021, and motor vehicle theft spiked in 2019 but later stabilized. Vandalism incidents, which peaked at 10 in 2021, have significantly decreased since then. These trends could influence property insurance rates, real estate valuations, and considerations for potential investors or residents evaluating the... Read more
Property Crime Trends in Nobles County, MN Over the Last 5 Years
Nobles County, Minnesota has experienced fluctuating property crime rates over the last five years, with notable increases in larceny-theft, rising to 63 reported incidents in 2022 from a low of 20 in 2021. Fraud also remained a recurring issue, peaking at 24 cases in 2021. While motor vehicle theft saw a spike in 2019 at 10 incidents, it has largely stabilized. Interestingly, vandalism, which saw a peak of 10 incidents in 2021, dropped significantly in subsequent years. These trends may influence property insurance rates, real estate valuations, and considerations for potential investors or residents evaluating the area's safety and security dynamics.
Demographics
Nobles County, Minnesota, shows a balanced gender population with a slight male majority. Educational attainment varies widely, though a significant portion of adults has not pursued education beyond high school. Age distribution leans towards a younger demographic, with notable populations in age groups under 10 and 25 to 34 years. The racial composition is predominantly White, with diverse representation from Black or African American, Asian, and other... Read more
Race Distribution in Nobles County, Minnesota (2022)
Educational Attainment in Nobles County, Minnesota (2022)
Age Distribution in Nobles County, Minnesota
Citizen Population in Nobles County, Minnesota (2022)
Political Trends & Data
Nobles County, Minnesota, displayed a notable Republican preference in the 2020 U.S. Presidential Election, with around 64% of votes going to the GOP. Democrats secured about 34%, and the remainder went to Libertarians and other parties. This predominantly conservative voter base might influence political strategies and candidate outreach in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Nobles County, Minnesota, the 2020 U.S. Presidential Election revealed a significant lean towards the Republican Party, capturing about 64% of the vote. Democrats garnered roughly 34%, while Libertarians and other parties collectively pulled in a small fraction. This overwhelmingly supportive environment for Republicans could indicate a strong conservative voter base, affecting future political strategies and outreach efforts.
64.26% of voters voted for the Republican party in the 2020 Presidential Election
33.65% of voters voted for the Democrat party in the 2020 Presidential Election
0.68% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
1.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
Nobles County, Minnesota has experienced significant fluctuations in its student-to-teacher ratio over the past decade, reaching an astonishing 145 students per teacher in 2019 before dropping to 61 students per teacher in 2020. These ratios are generally much higher than the national average of 14 students per teacher, with notable exceptions in 2016 and 2017, when they dipped to 14 and 12 students per teacher respectively. Such variability may impact the area's educational quality, which in... Read more
Student-to-teacher ratio in Nobles County, Minnesota over the last 10 years
The student-to-teacher ratio in Nobles County, Minnesota has shown significant variability over the past decade. With a huge spike in 2019 reaching 145 students per teacher and fluctuations such as dropping to 61 students per teacher in 2020, the numbers have generally remained higher than the national average of 14 students per teacher. For context, in 2016 and 2017, the ratios were 14 and 12 students per teacher respectively, well below the national average. These changes could affect the quality of education, potentially influencing decisions for families considering moving to the area, real estate values, and even insurance rates as educational quality is a key factor in local assessments. For investors and builders, understanding these trends could help in making informed decisions about the potential demand for family-oriented housing and the viability of new educational infrastructures.
