Ramsey County Real Estate and Livability Trends
Ramsey County, Minnesota has seen significant economic growth, with average taxable income per tax return rising from $61,761.22 in 2013 to $87,038.39 in 2021. Median home values have surged from $193,700 in 2015 to $289,300 in 2022, indicating strong investor interest. Concurrently, real estate taxes have climbed, peaking at $6,149.34 in 2021. Property crime trends have fluctuated, with notable... Read more
Ramsey County Market Trends
Ramsey County, Minnesota has experienced a robust increase in median home values, jumping from $193,700 in 2015 to $289,300 in 2022, surpassing both state and national growth rates. This could make the county a hot spot for investors and developers looking to capitalize on rising property values. Residential energy tax credits have shown notable volatility, particularly spiking to $3185.37 in... Read more
Median Value of Occupied Housing Units in Ramsey County, Minnesota Over the Last 8 Years
Ramsey County, Minnesota has seen a significant rise in median home values over the past 8 years, soaring from $193,700 in 2015 to $289,300 in 2022. This growth trajectory not only outpaces the state average but far exceeds the national trends, which capped at $179,400 in 2022. As values have surged more rapidly here, investors might find Ramsey County particularly appealing compared to broader markets. This trend also suggests a growing demand and potential for profitable property investments, making it a compelling area for new developments and relocations.
Residential Energy Tax Credit Per Tax Return in Ramsey County, MN Over the Last 9 Years
Ramsey County, Minnesota has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. Beginning at $259.90 in 2013 and rising sharply to $634.69 by 2017, the value then surged to a notable $3185.37 in 2018. While the amount decreased to $866.25 in 2019, it stabilized around $804.95 to $817.52 from 2020 to 2021. This volatility could reflect changing energy efficiency initiatives or fluctuations in taxpayer uptake rates, offering both opportunities and uncertainties for investors, builders, and real estate professionals interested in understanding energy efficiency incentives in the area.
Average Real Estate Taxes Per Tax Return in Ramsey County, MN Over the Last 10 Years
Over the past decade, Ramsey County, Minnesota has seen a noticeable increase in average real estate taxes per tax return. Starting at $3,866.53 in 2012, these taxes have climbed to just above $6,149.34 by 2021. This upward trend could suggest growing property values or changes in tax policy, factors critical for potential investors, real estate agents, and current residents to consider. The most significant jump appears to be between 2017 and 2020, suggesting a period of rapid escalation in either property assessments or tax rates.
Percentage of Farm Returns in Ramsey County, MN Over the Last 10 Years
Over the last 10 years, the percentage of farm tax returns in Ramsey County, Minnesota, hovered just above 0.17%, indirectly suggesting a relatively stable but minimal agricultural presence. This could imply limited farmland and more urbanized land use, potentially impacting decisions around property investments, residential development, or business ventures in agriculture. Interested parties may want to consider that land is likely more valuable for residential or commercial use given these trends.
Number of Mortgages by Occupancy Type in Ramsey County, MN Over the Last 5 Years in Ramsey County
Over the last five years, Ramsey County, Minnesota, has seen some significant trends in mortgage types. Principal Residence mortgages have shown a strong demand, fluctuating but peaking notably in 2020 with 37,610 counts. Investment Property mortgages also saw a rise, hitting a high in 2021 before dropping off in 2022. Second Residence mortgages have remained relatively low and stable over the years. For investors and potential homeowners, these shifts suggest a dynamic housing market where primary homes dominate, but there’s considerable interest in investment properties, which could influence real estate and appraisals. Insurance agents might note the higher risks associated with investment properties, while builders and real estate agents could leverage these patterns to tailor their projects and offerings to the prevailing needs and capital flows.
Economic Outlook
Ramsey County, Minnesota has observed a steady rise in average taxable income per tax return, escalating from roughly $61,761.22 in 2013 to about $87,038.39 in 2021, which could signal robust economic growth and increased earning potential. Concurrently, state and local income taxes per tax return have surged, from around $7,551.46 in 2012 to nearly $19,475.63 in 2021, hinting at heightened local economic activity or possibly rising tax rates. The average total tax liability has also grown,... Read more
Average Taxable Income per Tax Return in Ramsey County, MN over the last 9 years
Ramsey County, Minnesota has seen a significant upward trend in average taxable income per tax return over the past nine years, climbing from approximately $61,761.22 in 2013 to around $87,038.39 in 2021. This steady increase, with a few minor fluctuations, may indicate strong economic growth and rise in earning potential in the region, making it an attractive spot for investors and homebuyers. Real estate agents and appraisers could find this data useful in assessing property values, while insurance agents might see implications for policy underwriting. Overall, the area's economic development seems promising for those considering relocation or investment opportunities.
Average State and Local Income Taxes Per Tax Return in Ramsey County, MN Over the Last 10 Years
Ramsey County, Minnesota has seen a significant upward trend in average state and local income taxes per tax return over the past decade. Starting from approximately $7,551.46 in 2012, the figure jumped to nearly $19,475.63 by 2021. This growth indicates a possible increase in local economic activity and wage growth, but it might also imply rising tax rates or changes in the taxable income base. Potential investors and residents may find this trend valuable for financial planning and assessing the economic environment of the area.
Average Total Tax Liability Per Tax Return in Ramsey County, MN Over the Last 10 Years
The average total tax liability per tax return in Ramsey County, Minnesota has seen a general upward trend over the past decade. Notable increases occurred between 2015 and 2021, with the tax liability jumping from $12,189.08 in 2015 to $14,811.89 in 2021. This information is likely pertinent for potential investors, real estate agents, and those considering relocating, as it suggests a rising financial obligation tied to local economic conditions, which might impact property values, insurance premiums, and overall cost of living.
Cost of Living in Ramsey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,765 | $1,753 | $1,609 | $2,666 | $2,079 |
| 1 adult 4 children | $1,765 | $1,432 | $1,259 | $2,666 | $2,263 |
| 2 adults 3 children | $1,765 | $1,432 | $1,381 | $2,666 | $1,812 |
| 1 adult 3 children | $1,765 | $1,169 | $1,032 | $2,666 | $2,048 |
| 2 adults 2 children | $1,299 | $1,173 | $1,154 | $2,368 | $1,384 |
| 1 adult 2 children | $1,299 | $876 | $804 | $2,368 | $1,514 |
| 2 adults 1 child | $1,299 | $927 | $927 | $1,399 | $1,082 |
| 1 adult 1 child | $1,299 | $599 | $577 | $1,399 | $1,074 |
| 2 adults | $1,059 | $744 | $699 | $0 | $693 |
| 1 adult | $928 | $406 | $350 | $0 | $562 |
Safety trends & Data
Ramsey County, Minnesota, has experienced fluctuating property crime trends over the last five years, making it essential for investors and real estate professionals to stay informed. Larceny-theft peaked at 2,216 incidents in 2019 but saw a sharp decline in 2020, followed by gradual increases. Motor vehicle thefts hit a high of 480 incidents in 2022, while embezzlement skyrocketed tenfold from 2018 to 2022. These crime trends offer valuable insights into the area’s risk profile,... Read more
Property Crime Trends in Ramsey County, MN Over the Last 5 Years
Over the last five years, Ramsey County, Minnesota, has shown fluctuating property crime trends, with significant variations across different crime categories. Larceny-theft consistently remained the highest, peaking at 2,216 incidents in 2019 before a sharp drop in 2020 and gradual increases thereafter. Motor vehicle thefts also presented notable changes with a peak in 2022 at 480 incidents. Vandalism and fraud incidents have generally held steady but embezzlement saw a tenfold increase from 2018 to 2022. These trends can provide useful insights for investors, real estate agents, and insurance professionals to gauge the risk profile and consider necessary mitigative strategies targeting the most impacted crime categories.
Demographics
Ramsey County, Minnesota shows a relatively balanced gender distribution with a slight majority of females. In terms of education, there's a significant proportion of residents with some college experience but no degree, while those holding a Bachelor’s or higher are also quite substantial, indicating a well-educated populace. The age distribution suggests a broadly young to middle-aged population, with a noticeable number of residents aged between 25 to 34 years. Racially, the county is... Read more
Race Distribution in Ramsey County, Minnesota (2022)
Educational Attainment in Ramsey County, Minnesota (2022)
Age Distribution in Ramsey County, Minnesota
Citizen Population in Ramsey County, Minnesota (2022)
Political Trends & Data
Ramsey County, Minnesota's real estate dynamics might be influenced by its strong Democratic leaning, with about 71.5% supporting the Democratic Party in the 2020 Presidential Election. Republican support was roughly 26.1%, while minor parties collectively pulled in around 1.93%. This political preference could subtly shape community investments, policies, and overall market appeal, making it an interesting area to watch for potential real estate shifts aligned with progressive... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ramsey County, Minnesota showed a strong leaning towards the Democratic Party, with nearly 71.5% of the vote, while the Republican Party captured approximately 26.1%. Minor parties, including Libertarian and Green, garnered around 1.93% combined. This distribution suggests a significantly Democratic preference among voters in Ramsey County during the 2020 U.S. Presidential Election.
26.14% of voters voted for the Republican party in the 2020 Presidential Election
71.50% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Green party in the 2020 Presidential Election
1.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Ramsey County, Minnesota has varied widely from 12 to 16 students per teacher over the past decade, occasionally surpassing the national average. In 2017, the ratio peaked at 16, highlighting potential periods of strain on educational resources. These ratios could appeal to parents looking for more individualized attention in schools, potentially boosting local property values and influencing investment decisions. Real estate agents, appraisers, and insurance... Read more
Student-to-teacher ratio in Ramsey County, Minnesota over the last 10 years
The student-to-teacher ratio in Ramsey County, Minnesota has fluctuated over the past decade, ranging from 12 to 16 students per teacher. Notably, this ratio exceeded the national average of 14 students per teacher during several years, peaking at 16 in 2017. Lower ratios are often seen as beneficial for providing individualized attention to students, which can be attractive to parents considering a move. For investors and real estate agents, schools with low student-to-teacher ratios may enhance property values. Similarly, appraisers and insurance agents might consider these ratios when evaluating property for potential risks or benefits due to the quality of local education.
