Pine County Real Estate and Livability Trends
In Pine County, Minnesota, the steady rise in average taxable incomes from $43,134.15 in 2013 to $61,208.48 in 2021 and a significant jump in local taxes suggest increasing economic prosperity. Real estate trends show median home values climbing from $141,200 in 2015 to $207,100 in 2022, remaining more affordable than state and national averages. Property crimes have seen notable fluctuations,... Read more
Pine County Market Trends
Pine County, Minnesota has experienced a steady rise in median home values from $141,200 in 2015 to $207,100 in 2022, though still lagging behind the state average and remaining more affordable than the national median. This affordability could attract value-driven buyers and investors. Shifts in energy tax credits, highlighted by peaks in 2018 and 2019, indicate opportunities for substantial tax... Read more
Median Value of Occupied Housing Units in Pine County, Minnesota Over the Last 8 Years
Pine County, Minnesota has seen a steady climb in median home values over the past eight years, with an increase from $141,200 in 2015 to $207,100 in 2022. Although this growth is significant, it still lags behind the state average, which surged from $186,200 to $286,800 in the same period. Comparatively, Pine County remains slightly more affordable than the national median, which reached $179,400 in 2022. This pricing dynamic could be enticing for potential homebuyers and investors looking for value in a less competitive market within Minnesota.
Residential Energy Tax Credit Per Tax Return in Pine County, MN Over the Last 9 Years
Pine County, Minnesota has shown significant fluctuation in average residential energy tax credit per tax return over the past nine years. Notable peaks around $4,033.33 in 2018 and $1,326.67 in 2019 suggest sporadic increases in the credits that may align with new energy initiatives or policy changes. These variations indicate potential opportunities for homeowners to benefit from substantial tax incentives, particularly during certain periods, making it crucial for investors, builders, and real estate professionals to stay informed about energy-related policies.
Average Real Estate Taxes Per Tax Return in Pine County, MN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Pine County, Minnesota have seen a notable increase, rising from about $2,051.83 in 2012 to approximately $3,341.94 in 2021. The most significant surges were between 2017 and 2018, jumping from roughly $2,585.48 to $3,328.36, reflecting shifts in property values and potentially changing tax policies. This trend may interest prospective investors or property developers who are evaluating long-term cost implications, while current residents and real estate professionals might use this data to inform financial planning or valuation projections.
Percentage of Farm Returns in Pine County, MN Over the Last 10 Years
The percentage of farm returns in Pine County, Minnesota, has generally followed a gradual downward trend from 6.46% in 2012 to 4.96% in 2021, with a slight increase in the last year recorded. Farm tax returns, which are filings specific to income derived from farming activities, giving insight into economic health and activity levels in the agricultural sector. This trend may suggest a slow decline in farming activity or profitability in the county, which could be pivotal for investors and property developers eyeing rural development or agricultural investments. Understanding these changes can help stakeholders make informed decisions about potential opportunities and challenges within Pine County.
Number of Mortgages by Occupancy Type in Pine County, MN Over the Last 5 Years in Pine County
Pine County has seen fluctuating mortgage counts for different occupancy types over the last five years, with a noticeable preference for principal residences. Investment properties and second residences have consistently had lower mortgage counts, but still show slight variations. Shifts in the type of occupancy can indicate changing community preferences, affecting real estate market strategies, property valuations, and insurance rates. Investors and developers might be especially interested in leveraging these trends to identify emerging opportunities or potential risks. Real estate agents and appraisers could use this data to better understand market demands and guide clients effectively.
Economic Outlook
Average taxable incomes in Pine County, Minnesota have been on the rise, moving from $43,134.15 in 2013 to $61,208.48 in 2021, hinting at increasing economic prosperity. State and local income taxes have also surged, notably jumping from $5,508.44 in 2017 to $7,165.15 in 2018, indicating significant economic shifts. The average total tax liability per tax return has likewise climbed from $5,027.02 in 2012 to $7,886.24 in 2021, which could suggest a robust economic environment. These trends... Read more
Average Taxable Income per Tax Return in Pine County, MN over the last 9 years
Average taxable incomes in Pine County, Minnesota have been steadily rising over the past nine years, moving from $43,134.15 in 2013 up to $61,208.48 in 2021. This upward trend hints at increasing economic prosperity, making the region potentially attractive for investors, real estate agents, and people considering a move to the area. Appraisers and insurance agents might find this data useful in understanding local economic growth patterns that could impact property valuations and risk assessments.
Average State and Local Income Taxes Per Tax Return in Pine County, MN Over the Last 10 Years
Over the last decade, Pine County, Minnesota has seen a noticeable increase in average state and local income taxes per tax return. Starting from $4111.88 in 2012, it climbed steadily, reaching a peak of $8075.00 in 2020 before slightly dipping to $8056.45 in 2021. This trend likely indicates a growing local economy, possibly paired with rising incomes, which could be critical for prospective investors, property developers, and new residents looking for opportunities in the area. The sharp jump between 2017 and 2018, where taxes spiked from $5508.44 to $7165.15, might suggest a significant policy change or economic event worth investigating further.
Average Total Tax Liability Per Tax Return in Pine County, MN Over the Last 10 Years
Average total tax liability per tax return in Pine County, Minnesota has steadily increased over the past decade. From $5,027.02 in 2012 to a significant rise reaching $7,886.24 by 2021, reflecting economic growth or increased incomes in the area. This upward trend may suggest a robust economic environment, potentially making the region more attractive for property investments, and signaling to insurance agents and appraisers to anticipate higher property valuations. For real estate agents, the increasing tax liabilities might translate to higher selling prices, while those considering moving to Pine County should factor in the escalating taxes.
Cost of Living in Pine County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,290 | $1,355 | $1,837 | $1,445 | $1,356 |
| 1 adult 4 children | $1,290 | $1,107 | $1,432 | $1,445 | $1,578 |
| 2 adults 3 children | $1,290 | $1,107 | $1,581 | $1,445 | $1,134 |
| 1 adult 3 children | $1,290 | $904 | $1,175 | $1,445 | $1,331 |
| 2 adults 2 children | $1,017 | $906 | $1,324 | $1,256 | $944 |
| 1 adult 2 children | $1,017 | $677 | $919 | $1,256 | $1,007 |
| 2 adults 1 child | $1,017 | $716 | $1,067 | $641 | $846 |
| 1 adult 1 child | $1,017 | $463 | $662 | $641 | $741 |
| 2 adults | $773 | $575 | $811 | $0 | $650 |
| 1 adult | $768 | $314 | $405 | $0 | $581 |
Safety trends & Data
Pine County, Minnesota has experienced fluctuating property crime trends over the past five years. Burglary incidents peaked at 23 in 2019 but dropped to 11 by 2022. Larceny-theft, previously the most common crime, decreased from 24 incidents in 2018 to just 2 in both 2021 and 2022. While motor vehicle theft stayed relatively stable, stolen property crimes spiked alarmingly in 2020 with 21 incidents before declining. Lower instances of arson and fraud suggest these crimes are less of a concern.... Read more
Property Crime Trends in Pine County, MN Over the Last 5 Years
Pine County, Minnesota has seen fluctuating trends in property crime over the past five years, with notable variances among different crime types. Burglary peaked in 2019 with 23 incidents but has significantly decreased to 11 by 2022. Larceny-theft, the most common crime, saw a notable drop from 24 incidents in 2018 to just 2 in both 2021 and 2022. Motor vehicle theft remained relatively stable with a slight dip in 2021 before bouncing back. Crimes involving stolen property saw an alarming spike in 2020 with 21 incidents before declining. Lower instances of arson and fraud suggest these remain minor concerns in the area. These trends offer useful insights for potential investors, insurers, and residents assessing the risk and safety dynamics in Pine County.
Demographics
Pine County, Minnesota, displays a significant gender disparity, with almost 2,000 more males than females. The educational attainment shows a community heavily skewed toward high school graduates and those with some college education, while fewer members hold advanced degrees. Age-wise, the county's largest groups span ages 35-64, hinting at a mature population. Racially, Pine County remains predominantly White, with minimal representation from other racial groups, spotlighting a lack of... Read more
Race Distribution in Pine County, Minnesota (2022)
Educational Attainment in Pine County, Minnesota (2022)
Age Distribution in Pine County, Minnesota
Citizen Population in Pine County, Minnesota (2022)
Political Trends & Data
In Pine County, Minnesota, the 2020 U.S. Presidential Election results reveal a strong Republican inclination, with the party securing roughly 64% of the votes, compared to the 34% that went to Democrats. Minor parties like the Libertarians and Greens barely made a dent, collectively earning just over 1% of the vote. This indicates that the county's political landscape could be heavily swayed by Republican policies and preferences, potentially affecting local governance and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pine County, Minnesota, the 2020 U.S. Presidential Election results indicate a leaning towards the Republican party, capturing about 64% of the vote, while Democrats garnered approximately 34%. Minor parties like the Libertarians and Greens had a minimal impact, collectively accounting for just over 1% of the vote. These trends might suggest a predominantly Republican voter base, with limited influence from third-party candidates.
64.10% of voters voted for the Republican party in the 2020 Presidential Election
33.87% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.67% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pine County, Minnesota's student-to-teacher ratio saw a notable increase to 15 in 2023, rising above the national average. This change could impact property values and the attractiveness of the area for families prioritizing education. Larger class sizes might affect individual attention in schools, which may be a concern for prospective homebuyers and investors focused on educational... Read more
Student-to-teacher ratio in Pine County, Minnesota over the last 10 years
Pine County, Minnesota has seen fluctuations in its student-to-teacher ratio over the last decade, with numbers hovering around the 13 to 14 range until 2019, when it dipped below 13 and stayed low until 2022. However, in 2023, the ratio spiked to 15, surpassing the national average of 14 students per teacher. Higher ratios can imply larger class sizes, which might affect individual attention given to students, potentially making the area less attractive to families prioritizing education or those considering investment in educational facilities. This trend might interest investors, educators, and real estate agents, as it could impact property values and demand based on the perceived quality of local schools.
