Renville County Real Estate and Livability Trends
Renville County, Minnesota has seen median home values climb from $95,700 in 2015 to $138,200 in 2022, presenting it as an attractive, affordable option relative to state and national medians. Average real estate taxes per tax return have surged from $1,786 in 2012 to $3,287 in 2021, mirroring increasing property values and potentially higher demands for municipal services. Notably, the average... Read more
Renville County Market Trends
Renville County, Minnesota, has seen a rise in median home values from $95,700 in 2015 to $138,200 in 2022, positioning it as a more affordable option compared to the state and national medians. Notably, the average residential energy tax credit per tax return has fluctuated significantly, peaking at $833.33 in 2015 and generally declining to $363.64 by 2021, suggesting varying levels of... Read more
Median Value of Occupied Housing Units in Renville County, Minnesota Over the Last 8 Years
Renville County, Minnesota, has experienced a significant increase in median home values over the last eight years, rising from $95,700 in 2015 to $138,200 in 2022. While this growth is notable, it still falls below the state median of $286,800 and the national median of $179,400 as of 2022. This could indicate a more affordable market for potential buyers or investors looking for opportunities in Minnesota, especially when compared to the broader trends.
Residential Energy Tax Credit Per Tax Return in Renville County, MN Over the Last 8 Years
Renville County, Minnesota, has seen considerable fluctuations in the average residential energy tax credit per tax return over the past eight years. The credit peaked in 2015 at $833.33, suggesting that significant investments in energy-efficient home improvements might have taken place during that year. However, subsequent years witnessed declines, with notable drops to $428.57 in 2016 and $333.33 in 2017. The amount rebounded in 2019 to $650.00, although it has generally trended downward again, hitting $363.64 by 2021. Investors and real estate agents might find these trends indicative of the local market's responsiveness to energy-efficient upgrades, while appraisers and insurance agents could consider these figures when evaluating property values and risks.
Average Real Estate Taxes Per Tax Return in Renville County, MN Over the Last 10 Years
Over the past decade, Renville County, Minnesota has experienced a significant increase in average real estate taxes per tax return. Starting at around $1,786 in 2012, taxes have surged to approximately $3,287 by 2021. This trend suggests rising property values and potentially increased municipal service demands. Notably, a sharp jump from $2,572 in 2018 to $3,028 in 2019 indicates a particularly active market period. For potential investors, residents, appraisers, and real estate professionals, this escalation in taxes could reflect both the growth opportunities and financial considerations of the area.
Percentage of Farm Returns in Renville County, MN Over the Last 10 Years
The past decade has seen some fluctuation in the percentage of farm tax returns in Renville County, Minnesota, ranging from a high of 14.52% in 2012 to a low of 13.08% in 2020. These farm tax returns indicate the economic activity and presence of farming operations in the area, which may be of interest to potential investors, new residents, and developers. While the numbers have slightly dipped over the last few years, the farming sector still represents a significant part of the local economy, which could be insightful for those eyeing agricultural or property investments in Renville County.
Number of Mortgages by Occupancy Type in Renville County, MN Over the Last 5 Years in Renville County
Over the past five years in Renville County, Minnesota, there's been a noticeable increase in mortgages for principal residences, especially peaking in 2020 with 588 reported. Interestingly, investment property mortgages have significantly varied, with a peak in 2019 and 2022 at 22 but dropping to 13 in 2021. These shifts in occupancy type could influence market dynamics, signaling opportunities for investors during periods of lower investment mortgage activity. The steadiness in second residence mortgages suggests potential stability or lack of robust market movement in that sector. For investors, appraisers, and real estate agents, understanding these subtle ebbs and flows can be crucial for strategic planning and forecasting. Insurance agents and property builders might also find these trends informative for risk assessment and resource allocation.
Economic Outlook
Renville County, Minnesota has seen notable fluctuations in its economic indicators over the past decade, with the average taxable income per tax return peaking at around $72,029.85 in 2021 after a period of decline and recovery. In parallel, average state and local income taxes have risen significantly, reaching $12,871.43 in 2021, which could reflect broader economic shifts or local policy changes. Despite these increases, there has been a general decrease in the average total tax liability... Read more
Average Taxable Income per Tax Return in Renville County, MN over the last 9 years
Over the past nine years in Renville County, Minnesota, there has been a notable fluctuation in the average taxable income per tax return, starting at around $59,853.78 in 2013 and peaking at approximately $72,029.85 in 2021. This trend reveals a general decline in income from 2013 to 2017, followed by a recovery and significant increase in recent years, particularly between 2020 and 2021. These variations might reflect regional economic shifts, impacting those planning to invest, build, or engage in real estate within the county. For appraisers and insurance agents, these trends could signify changes in the economic environment that need to be accounted for when evaluating properties or setting premiums.
Average State and Local Income Taxes Per Tax Return in Renville County, MN Over the Last 10 Years
In the past decade, Renville County, Minnesota, has experienced significant fluctuations in average state and local income taxes per tax return. Notably, there was a sharp increase from $8,122.29 in 2012 to $12,871.43 in 2021, suggesting a trend toward higher tax obligations. The peak years, 2019 and 2021, saw figures above $12,000.00, which could impact decisions for those considering property investments, relocations, or economic opportunities in the county. These variations might reflect broader economic changes or local policy adjustments affecting taxpayers.
Average Total Tax Liability Per Tax Return in Renville County, MN Over the Last 10 Years
Renville County, Minnesota has seen a gradual decline in average total tax liability per tax return over the last decade, starting from $10,015.37 in 2012 and dipping to a low of $7,631.19 by 2019, before somewhat recovering to $9,997.83 in 2021. This trend could signal a shift in local economic conditions or changes in tax policies that have impacted taxpayers' liabilities. Potential investors, real estate agents, and those looking to move to Renville County might find this trend noteworthy, as it may reflect broader economic factors that could influence housing market dynamics and overall affordability in the area.
Cost of Living in Renville County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,476 | $1,799 | $1,234 | $1,266 |
| 1 adult 4 children | $1,174 | $1,205 | $1,401 | $1,234 | $1,464 |
| 2 adults 3 children | $1,174 | $1,206 | $1,548 | $1,234 | $1,039 |
| 1 adult 3 children | $1,174 | $984 | $1,150 | $1,234 | $1,211 |
| 2 adults 2 children | $826 | $987 | $1,297 | $1,076 | $840 |
| 1 adult 2 children | $826 | $737 | $899 | $1,076 | $849 |
| 2 adults 1 child | $826 | $780 | $1,046 | $564 | $771 |
| 1 adult 1 child | $826 | $504 | $648 | $564 | $646 |
| 2 adults | $702 | $627 | $795 | $0 | $641 |
| 1 adult | $697 | $342 | $397 | $0 | $570 |
Safety trends & Data
Property crime in Renville County, Minnesota, has experienced notable shifts, particularly a remarkable drop in larceny-theft from 18.00 cases in 2018 to just 1.00 in 2021, hinting at improved preventive measures. Fraud cases spiked at 18.00 in 2018 but saw a sharp decline afterward, while arson was recorded only once in 2021. Burglary has remained stable with occasional increases, and vandalism maintains a low frequency. These trends might suggest an overall reduction in property crime,... Read more
Property Crime Trends in Renville County, MN Over the Last 5 Years
Property crime in Renville County, Minnesota, has shown some notable fluctuations over the past five years. There appears to be a significant drop in larceny-theft cases from 18.0 in 2018 to just 1.0 in 2021, suggesting beefed-up preventive measures or other underlying factors. Fraud cases spiked in 2018 with 18.0 occurrences but saw a sharp decline in the years following. Arson was recorded only once in 2021, signifying isolated incidents. Burglary cases have remained relatively stable, with occasional increases, while vandalism has shown consistent but low frequency. These trends may indicate an overall reduction in property crime, making the county potentially appealing for investors and residents focusing on safety and community stability.
Demographics
Renville County, Minnesota shows a near-equal gender distribution among adults, with a slightly higher number of males. A notable majority have completed high school, but a significant proportion hold only high school diplomas or some college education without a degree. The adult population seems to be mainly middle-aged, with a noticeable skew towards those between 55 and 64 years old. Racially, the area is predominantly white, reflecting a less diverse demographic profile, though some other... Read more
Race Distribution in Renville County, Minnesota (2022)
Educational Attainment in Renville County, Minnesota (2022)
Age Distribution in Renville County, Minnesota
Citizen Population in Renville County, Minnesota (2022)
Political Trends & Data
Renville County, Minnesota, exhibited a notable conservative tilt in the 2020 Presidential Election, with around 67% favoring the Republican candidate. On the flip side, Democrats pulled a bit over 30% of the vote, revealing some support but significantly less traction. Third parties barely registered, with Libertarians hovering around 0.8% and the Green Party just above 0.2%, pointing to a limited interest in alternatives beyond the two major parties. This voting pattern may suggest a... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Renville County, Minnesota, exhibited a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with nearly 67% of votes cast in their favor. Democrats garnered a little over 30% of the vote, suggesting a significant but lesser support base. Third parties received minimal backing, with Libertarians obtaining around 0.8%, and the Green party just above 0.2%, indicating limited influence. This data could imply a predominantly conservative voter base, with only a small fraction interested in alternative or third-party options.
67.26% of voters voted for the Republican party in the 2020 Presidential Election
30.71% of voters voted for the Democrat party in the 2020 Presidential Election
0.84% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.96% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Renville County, Minnesota has generally stayed close to or below the national average of 14 students per teacher over the past decade. With lows of about 11 students per teacher in 2020 and highs around 15 in 2015, this can be seen as an indicator of potentially higher quality education and a more personalized learning experience. Such data might influence decisions on property investments, school enrollments, and community developments due to the inferred... Read more
Student-to-teacher ratio in Renville County, Minnesota over the last 10 years
Over the past 10 years, the student-to-teacher ratio in Renville County, Minnesota has fluctuated but generally remained close to or below the national average of 14 students per teacher. With figures ranging from a low of approximately 11 students per teacher in 2020 to a high of around 15 in 2015, this suggests a relatively favorable classroom environment compared to other regions. Investors, prospective residents, and those in related fields might see these ratios as an indicator of potentially higher quality education and a more personalized learning experience for students in the area. This information could influence decisions on property investments, school enrollments, and community developments due to the inferred educational opportunities.
