Pipestone County Real Estate and Livability Trends
Pipestone County, Minnesota, has seen a significant rise in average taxable income per tax return from $47,571.90 in 2013 to $71,905.95 in 2021, possibly signaling a healthier economic outlook that's attracting attention from investors and real estate professionals. The sharp increase in real estate taxes, from $1,765.43 in 2012 to $3,285.71 in 2021, could influence homeowner and investor... Read more
Pipestone County Market Trends
Pipestone County’s median home values have increased from $92,300 in 2015 to $126,500 in 2022, staying relatively affordable compared to Minnesota's state average of $286,800. Real estate taxes have increased sharply, from $1,765.43 in 2012 to $3,285.71 in 2021, likely influencing homeowner and investor decisions. Variability in the average residential energy tax credits, peaking in 2015 at... Read more
Median Value of Occupied Housing Units in Pipestone County, Minnesota Over the Last 8 Years
Pipestone County’s median home values have shown a steady increase over the last eight years, rising from $92,300 in 2015 to $126,500 in 2022. Compared to the state of Minnesota, where values have grown from $186,200 to $286,800 over the same period, Pipestone County offers more affordable housing options. Nationally, the median home values have increased from $125,500 to $179,400, meaning Pipestone still remains more budget-friendly on a broader scale. This positions Pipestone County as a potentially attractive location for investors and new residents seeking more economical housing within Minnesota’s relatively high property market.
Residential Energy Tax Credit Per Tax Return in Pipestone County, MN Over the Last 7 Years
Investors, homebuyers, appraisers, and insurance agents might note the fluctuations in the average residential energy tax credit per tax return in Pipestone County, Minnesota over the past seven years. Notably, there was a peak in 2015, with an average credit of $1,333.33, significantly higher than other years. The averages then dropped but varied, with a notable recovery to $650.00 in 2021. The variability in these credits perhaps reflects changing local and federal incentives or the adoption rate of energy-efficient technologies. This trend could hint at periods of higher investment in energy-efficient home improvements, representing potential for newer, more energy-efficient property stock in the area.
Average Real Estate Taxes Per Tax Return in Pipestone County, MN Over the Last 10 Years
Real estate taxes in Pipestone County, Minnesota have shown a noticeable upward trend over the last decade, starting from $1,765.43 in 2012 to reaching $3,285.71 in 2021. Key spikes occurred post-2017, indicating a sharper increase in property tax rates that could impact potential investors, homeowners, and real estate professionals alike. This increased tax burden may be a consideration for those evaluating the cost of homeownership or property investment in the area. Understanding these changes is crucial for making informed decisions on property development, appraisal, and insurance policy adjustments in Pipestone County.
Percentage of Farm Returns in Pipestone County, MN Over the Last 10 Years
Since 2012, the percentage of farm tax returns in Pipestone County, Minnesota has varied, typically hovering between 13.23% and 14.86%. Notable shifts include a peak in 2018 at approximately 14.86%, suggesting potential spikes in agricultural profitability or changes in farming operations. Farm tax returns represent filings that claim income and expenses related to farming activities, providing insights into the agricultural sector's economic health. For investors or those looking to develop property, fluctuations in these figures might hint at local economic conditions influencing farmland viability and profitability.
Number of Mortgages by Occupancy Type in Pipestone County, MN Over the Last 5 Years in Pipestone County
Over the last five years, the number of mortgages in Pipestone County, Minnesota, has shown notable fluctuations depending on the type of occupancy. Principal residences consistently comprise the bulk of mortgages, with a marked increase in 2021 peaking at 356. Investment properties and second residences see fewer mortgages, but their trends might suggest varying demand and investor confidence over time. Such changes in occupancy type can influence local housing markets, property values, and investment strategies. Real estate agents and appraisers might find these insights crucial for predicting market behavior, while insurance agents and builders could gauge risk and development opportunities.
Economic Outlook
Pipestone County, Minnesota, has experienced a notable increase in average taxable income per tax return over the past nine years, jumping from $47,571.90 in 2013 to $71,905.95 in 2021. This trend suggests an improving economic environment, which could be enticing for investors and real estate agents looking for stable markets. Additionally, there has been a significant rise in average state and local taxes per tax return, climbing from $6,881.93 in 2012 to $21,143.75 by 2021. Such a noticeable... Read more
Average Taxable Income per Tax Return in Pipestone County, MN over the last 9 years
Over the past nine years, Pipestone County, Minnesota has seen a steady increase in the average taxable income per tax return, culminating in a significant jump from $47,571.90 in 2013 to $71,905.95 in 2021. This upward trend potentially indicates a growing economic health and might appeal to investors and real estate agents eyeing stable financial environments. For those in appraisal and insurance fields, this data suggests possibly higher property values and premiums moving forward, which is a critical metric for future planning.
Average State and Local Income Taxes Per Tax Return in Pipestone County, MN Over the Last 10 Years
Pipestone County, Minnesota, has seen a significant upward trend in average state and local income taxes per tax return over the past decade. Starting at $6,881.93 in 2012 and escalating to $21,143.75 by 2021, this increase suggests a rising tax burden on residents. Notably, the jump between 2017 and 2018 is particularly striking, leaping from $9,124.05 to $12,388.24. Such trends could indicate growing economic activity, rising incomes, or changes in tax policy. This shift might affect how attractive the county is for new residents, businesses, and property developments, potentially impacting local investments and the cost of living.
Average Total Tax Liability Per Tax Return in Pipestone County, MN Over the Last 10 Years
In Pipestone County, Minnesota, the average total tax liability per tax return has shown notable fluctuations over the past decade. Starting from $7,081.52 in 2012, it reached a high of around $10,906.80 in 2021. Significant increases in specific years such as from 2019 to 2020 could reflect economic shifts or policy changes. These variations matter for potential investors, property developers, real estate agents, and those considering moving to the area, as they highlight the region's evolving fiscal landscape and could hint at broader economic trends affecting Pipestone County.
Cost of Living in Pipestone County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,098 | $1,476 | $1,792 | $1,234 | $1,189 |
| 1 adult 4 children | $1,098 | $1,205 | $1,396 | $1,234 | $1,370 |
| 2 adults 3 children | $1,098 | $1,206 | $1,542 | $1,234 | $966 |
| 1 adult 3 children | $1,098 | $984 | $1,146 | $1,234 | $1,120 |
| 2 adults 2 children | $826 | $987 | $1,292 | $1,076 | $811 |
| 1 adult 2 children | $826 | $737 | $896 | $1,076 | $807 |
| 2 adults 1 child | $826 | $780 | $1,042 | $564 | $744 |
| 1 adult 1 child | $826 | $504 | $646 | $564 | $614 |
| 2 adults | $703 | $627 | $792 | $0 | $619 |
| 1 adult | $552 | $342 | $396 | $0 | $499 |
Safety trends & Data
In Pipestone County, Minnesota, property crime rates have shown varied trends over the past five years. Despite low and consistent vandalism incidents, stolen property crimes have recently surged from 1 case in 2020 to 4 in 2022. Burglary and larceny-theft also display fluctuations, highlighting potential areas for targeted crime prevention. These patterns could impact investment and insurance decisions in the... Read more
Property Crime Trends in Pipestone County, MN Over the Last 5 Years
In Pipestone County, Minnesota, property crime rates have fluctuated over the past five years, with notable incidents in burglary, larceny-theft, vandalism, and stolen property crimes. Burglary cases have varied, with 3 incidents in 2019 but dropping to 1 in other years. Larceny-theft peaked at 3 cases in 2018, while vandalism remained consistently low with just 1 incident in both 2018 and 2022. Interestingly, stolen property crimes saw a notable increase recently, jumping from 1 case in 2020 to 4 in 2022. This mixed pattern indicates potential areas for targeted crime prevention and could influence investment and insurance considerations.
Demographics
Pipestone County, Minnesota's 2022 demographics hint at a gender distribution that's slightly tilted towards females, with educational attainment levels suggesting a strong preference for high school diplomas or some college experience. There tends to be a significant portion of the population in the older age brackets, particularly those 55 and above. When breaking down race, the county appears predominantly White, with limited representation from other racial... Read more
Race Distribution in Pipestone County, Minnesota (2022)
Educational Attainment in Pipestone County, Minnesota (2022)
Age Distribution in Pipestone County, Minnesota
Citizen Population in Pipestone County, Minnesota (2022)
Political Trends & Data
Pipestone County, Minnesota, showed a strong Republican preference in the 2020 U.S. Presidential Election, with about 72% of the vote. Democrats captured around 26%, while third-party candidates like Libertarians and Greens had minimal support, reflecting their usual national standing. This voting trend might indicate a predominantly conservative mindset among residents, with a hint of third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pipestone County in Minnesota generally leaned towards the Republican Party in the 2020 U.S. Presidential Election, with a notable majority of roughly 72 percent of the votes. Democrats secured around 26 percent, while third-party candidates like Libertarians and Greens garnered marginal support, closely aligned with their typical national trends. This voting pattern might suggest a predominantly conservative demographic with limited but present third-party interest.
71.92% of voters voted for the Republican party in the 2020 Presidential Election
26.44% of voters voted for the Democrat party in the 2020 Presidential Election
0.51% 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
0.89% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Pipestone County, Minnesota, the student-to-teacher ratio has trended favorably over the past decade, dropping from 16 students per teacher in 2014 to around 12 in 2023. This fluctuation, generally below the national average of 14, suggests more individualized attention in local schools, potentially attracting families prioritizing education quality. This aspect might positively impact real estate values, as school quality often influences homebuying decisions, making the area more... Read more
Student-to-teacher ratio in Pipestone County, Minnesota over the last 10 years
In Pipestone County, Minnesota, the student-to-teacher ratio has seen notable fluctuations over the past decade, starting at 16 students per teacher in 2014 and settling at around 12 in 2023. While some years like 2018 showed a ratio as low as 11 students per teacher, 2022 saw a temporary spike to 14. Compared to the national average of 14 students per teacher, Pipestone generally offers more individualized attention, which could attract families seeking quality education for their children. This trend might also influence local real estate values positively, as potential homebuyers often consider school quality when making purchasing decisions. Likewise, appraisers and insurance agents could view this as an indicator of a stable and potentially desirable community.
