Rock County Real Estate and Livability Trends
Rock County, Minnesota has witnessed a notable increase in median home values, rising from $128,300 in 2015 to $189,100 in 2022, outpacing national trends while remaining below the state average. Average real estate taxes per return have also climbed, from $1,653.19 in 2012 to approximately $2,553.33 in 2021. Despite these increases, the area maintains a low incidence of property crime,... Read more
Rock County Market Trends
Rock County, Minnesota, has experienced a sharp increase in median home values over the last eight years, rising from $128,300 in 2015 to $189,100 in 2022, a rate that outpaces the national trend despite remaining below the state average. Average real estate taxes per return have also risen from $1,653.19 in 2012 to about $2,553.33 in 2021, potentially driven by increasing property values or tax... Read more
Median Value of Occupied Housing Units in Rock County, Minnesota Over the Last 8 Years
Over the past eight years, Rock County, Minnesota has seen a significant rise in median home values, jumping from $128,300 in 2015 to $189,100 in 2022. While this is still below the state average, which surged from $186,200 in 2015 to $286,800 in 2022, Rock County's rate of increase appears to outpace the national trend. This indicates that Rock County may offer a growth potential that makes it intriguing for investors or those looking to move to a less densely populated area with rising property values.
Residential Energy Tax Credit Per Tax Return in Rock County, MN Over the Last 8 Years
In Rock County, Minnesota, the average residential energy tax credit per tax return has seen some considerable fluctuations over the past eight years. The peak in 2014, with an average credit of about $1,016.67, suggests there might have been heightened investment in energy-efficient home improvements or significant policy changes promoting these investments. This was followed by a notable drop in subsequent years, bottoming out at $260.00 in 2017. The trend appears to stabilize somewhat in the $357.14 to $500 range between 2019 and 2021. This could be insightful for investors, real estate professionals, and those considering energy efficiency upgrades, indicating potential incentives and cost benefits within the county over time.
Average Real Estate Taxes Per Tax Return in Rock County, MN Over the Last 10 Years
Over the past decade, average real estate taxes per return in Rock County, Minnesota have generally trended upward. Starting at around $1,653.19 in 2012, there's been a notable increase, peaking at approximately $2,553.33 by 2021. This rising trend could suggest increasing property values or changing tax rates, presenting potential impacts for buyers, investors, and property developers. Those in the real estate and insurance sectors might find this data useful for forecasting costs and market trends.
Percentage of Farm Returns in Rock County, MN Over the Last 10 Years
Farm returns in Rock County, Minnesota have seen a gradual decrease over the last ten years, starting from a high of around 14.61% in 2012 to approximately 12.87% in 2021. This steady decline might suggest shifts in the agricultural economy or land use, impacting those considering investments in agricultural properties. Notably, there was a slight uptick in 2017 with farm returns climbing to about 13.87% before continuing the downward trend. This could be relevant for investors or potential residents who are weighing the vitality and sustainability of farming operations in the area, as farm tax returns often reflect broader economic conditions within the sector.
Number of Mortgages by Occupancy Type in Rock County, MN Over the Last 5 Years in Rock County
Over the last five years, Rock County, Minnesota has seen fluctuations in mortgage counts by occupancy type. Principal residences have consistently held the highest numbers with notable peaks in 2021 and 2020, possibly reflecting broader housing market trends or changes in local economic conditions. Investment properties, while much lower in overall numbers, demonstrated relatively stable figures with minor variability, suggesting a steady, if not growing, interest in rental or secondary income properties. These shifts in occupancy types could be significant for potential investors aiming to gauge rental market potential, appraisers assessing value trends, and insurance agents determining risk profiles. For real estate agents and builders, understanding these trends can help tailor services and development projects to meet the changing needs of residents and investors.
Economic Outlook
Rock County, Minnesota has seen an upward trend in average taxable income per tax return, with a notable surge to $72,149.00 by 2021. However, average state and local income taxes have fluctuated, with a spike in 2020 to $11,094.12, slightly decreasing to $10,494.12 the following year. Total tax liabilities also showed variability, peaking significantly in 2021 at $10,367.86. These patterns may indicate a strengthening local economy and potential wage increases, but also suggest fluctuations in... Read more
Average Taxable Income per Tax Return in Rock County, MN over the last 9 years
In Rock County, Minnesota, the average taxable income per tax return has shown a general upward trend over the past nine years. While early years saw mild fluctuations, with averages hovering around $54,327.94 to $57,529.05, there was a notable increase starting in 2019. By 2021, the average taxable income had surged to $72,149.00. This growth may suggest a strengthening local economy, potential wage increases, or possibly higher employment rates, making it an intriguing region for investors, appraisers, and real estate agents to keep an eye on.
Average State and Local Income Taxes Per Tax Return in Rock County, MN Over the Last 10 Years
Rock County, Minnesota has shown fluctuating but generally increasing average state and local income taxes per tax return over the past decade. Highlighted by a notable spike in 2020 to $11,094.12, and slightly decreasing to $10,494.12 in 2021, these figures may suggest economic shifts or policy changes influencing tax burdens. Such trends are crucial for prospective investors and residents, indicating potential changes in cost-of-living and financial responsibilities in the region.
Average Total Tax Liability Per Tax Return in Rock County, MN Over the Last 10 Years
Over the past decade in Rock County, Minnesota, the average total tax liability per tax return has seen some fluctuation, with notable drops around 2015 and 2018 where it fell to approximately $8,054.84 and $7,288.75 respectively. Interestingly, there's a significant increase in 2021 where tax liabilities spiked to $10,367.86, suggesting possible economic shifts or policy changes impacting residents. This volatile trend could indicate variable economic conditions or changing tax regulations, which may be of interest to investors, real estate agents, and potential new residents in evaluating the financial landscape of the county.
Cost of Living in Rock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,134 | $1,508 | $1,792 | $1,234 | $1,223 |
| 1 adult 4 children | $1,134 | $1,232 | $1,396 | $1,234 | $1,409 |
| 2 adults 3 children | $1,134 | $1,232 | $1,542 | $1,234 | $997 |
| 1 adult 3 children | $1,134 | $1,006 | $1,146 | $1,234 | $1,158 |
| 2 adults 2 children | $880 | $1,008 | $1,292 | $1,076 | $844 |
| 1 adult 2 children | $880 | $753 | $896 | $1,076 | $853 |
| 2 adults 1 child | $880 | $797 | $1,042 | $564 | $775 |
| 1 adult 1 child | $880 | $515 | $646 | $564 | $650 |
| 2 adults | $669 | $640 | $792 | $0 | $618 |
| 1 adult | $588 | $349 | $396 | $0 | $517 |
Safety trends & Data
Rock County, Minnesota, maintains a low incidence of property crime over the past four years, with Larceny-Theft peaking at just 3 cases and Motor Vehicle Theft at 4 cases in 2019. Burglary and Forgery were even lower, each at a single recorded incident that same year. This pattern of minimal criminal activity could potentially make Rock County attractive for investors and homeowners prioritizing safety, which might impact real estate market trends positively by bolstering confidence in the... Read more
Property Crime Trends in Rock County, MN Over the Last 4 Years
Rock County, Minnesota has seen relatively low property crime numbers over the past four years. Larceny-Theft incidents peaked in 2019 with 3 reported cases, while Motor Vehicle Theft varied, also highest in 2019 with 4 incidents. Burglary and Forgery each recorded just one incident in 2019. This general trend of low occurrence may suggest a relatively safe environment, which might appeal to potential investors, homeowners, or real estate professionals assessing the area's risk factors.
Demographics
Rock County, Minnesota shows a fairly balanced gender ratio among adults, with a slight female majority. Educational attainment reveals a significant portion of the population has completed high school or some college, but fewer individuals have advanced degrees. Age distribution indicates a notable concentration in the 55 to 64 years range, suggesting an aging population. Racially, the county is predominantly white, with minimal representation from other racial... Read more
Race Distribution in Rock County, Minnesota (2022)
Educational Attainment in Rock County, Minnesota (2022)
Age Distribution in Rock County, Minnesota
Citizen Population in Rock County, Minnesota (2022)
Political Trends & Data
Rock County, Minnesota, shows a pronounced conservative tilt, with roughly 68% Republican support in recent presidential elections. Democrats pulled in close to 30%, while third parties barely made an impact. This conservative lean could shape local real estate trends, as political tendencies often influence community investments and housing market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rock County, Minnesota, there appears to be a significant lean towards the Republican party with around 68% of the vote. Democrats garnered close to 30%, with minimal support for third parties including Libertarians and Greens, who combined might not break 1%. This split suggests a strong conservative preference, making it both a reliable indicator of broader regional political sentiments and a potential focal point for party strategies.
68.38% of voters voted for the Republican party in the 2020 Presidential Election
29.69% of voters voted for the Democrat party in the 2020 Presidential Election
0.67% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
1.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Rock County, Minnesota has fluctuated over the past decade, from a low of twelve in 2016 to a high of sixteen in 2021. While it generally hovers around the national average of fourteen, these changes might catch the eye of potential buyers and real estate agents, as a lower ratio often implies better quality education—a crucial factor for families. For appraisers and insurance agents, keeping an eye on these trends is perhaps essential, as education quality can... Read more
Student-to-teacher ratio in Rock County, Minnesota over the last 10 years
The student-to-teacher ratio in Rock County, Minnesota has shown some fluctuations over the past decade, dipping to a low of twelve in 2016 and peaking at sixteen in 2021. Compared to the national average of fourteen students per teacher, Rock County's ratio generally hovers a bit below but also experiences periods where it surpasses this benchmark. These shifts are possibly significant for anyone looking to invest in or move to the area as they can impact the quality of education. For potential buyers, families, and real estate agents, a lower student-to-teacher ratio often suggests more individualized attention in schools, a potential selling point. For appraisers and insurance agents, understanding these trends can also have an impact on assessing property values and associated risks, as education quality is a key consideration for many residents.
