Roseau County Real Estate and Livability Trends
Roseau County, Minnesota's real estate market trends reflect a mixture of stability and volatility. While median home values surged from $113,200 in 2015 to $164,200 by 2022, offering an affordable market compared to broader benchmarks, the area also experienced notable fluctuations in average taxable income and total tax liability, hinting at underlying economic shifts. Increased property taxes... Read more
Roseau County Market Trends
Roseau County, Minnesota has seen a steady climb in median home values, jumping from $113,200 in 2015 to $164,200 by 2022, providing a more affordable market compared to the state and national averages. Real estate tax data reveals sharp increases post-2016, hinting at growing property values or shifts in tax policy, important for investors and new residents. The region also showcases fluctuating... Read more
Median Value of Occupied Housing Units in Roseau County, Minnesota Over the Last 8 Years
Roseau County, Minnesota has experienced a steady rise in median home values over the past eight years, starting at $113,200 in 2015 and reaching $164,200 by 2022. This local increase mirrors broader state and nationwide trends, though values in Roseau County remain lower than the Minnesota state average, which jumped from $186,200 in 2015 to $286,800 in 2022. Compared to the national median, which evolved from $125,500 to $179,400 over the same period, Roseau County provides a more affordable housing market, which may be appealing for potential investors or those looking to relocate.
Residential Energy Tax Credit Per Tax Return in Roseau County, MN Over the Last 8 Years
In Roseau County, Minnesota, the average residential energy tax credit per tax return has shown some volatility over the last eight years. For investors and real estate agents, these fluctuations—ranging from approximately $254.17 in 2016 to $442.31 in 2014—might signal periods of higher energy-efficient investments among homeowners. Insurance agents and appraisers should note the trend towards more consistent tax credits in recent years, potentially reflecting greater adoption of energy-saving measures in residential properties. Builders may find it beneficial to highlight energy-efficient features, as the tax credit data suggests a growing awareness and financial incentive for energy-saving home improvements. This trend could be an essential factor for Roseau County's residents and those considering relocation.
Average Real Estate Taxes Per Tax Return in Roseau County, MN Over the Last 10 Years
Over the past decade, real estate taxes in Roseau County, Minnesota have shown a substantial upward trend, jumping from approximately $2,577.78 in 2012 to $5,776.47 in 2021. The most striking increases occurred post-2016, with a significant leap from $3,240.98 in 2017 to $4,604.76 in 2018, and continuing to rise steadily each subsequent year. This escalation could indicate growing property values, increased public spending, or changes in tax policies, potentially influencing decisions for investors, builders, insurers, and new residents evaluating the area.
Percentage of Farm Returns in Roseau County, MN Over the Last 10 Years
Over the last decade, farm tax returns in Roseau County, Minnesota hovered around 13% in the early 2010s but gently declined to roughly 11.55% by 2021. This gradual dip may hint at shifting economic landscapes or changing agricultural dynamics within the county. For those considering investments, property development, or relocation to the area, understanding the trends in farm returns can provide insights into the evolving nature of the local economy and potential future directions.
Number of Mortgages by Occupancy Type in Roseau County, MN Over the Last 5 Years in Roseau County
Roseau County, Minnesota, has shown fluctuating mortgage counts across different occupancy types over the past five years. Principal residences substantially dominate the market, peaking in 2021 with 536 mortgages before dropping to 336 in 2022. Investment properties and second residences have seen minor variations, with investment properties maintaining a relatively stable mortgage count around 15-18 annually, and second residences showing a dip, particularly noticeable in 2022 with just 5 mortgages. These changes in occupancy type can indicate shifting economic priorities and lifestyle trends, crucial for investors and real estate agents who might see opportunities or risks based on these patterns. For appraisers and insurance agents, understanding these dynamics helps in risk assessment and setting accurate property valuations. For individuals considering moving to or investing in Roseau County, the dominance of principal residences might signal a stable, community-focused environment, while the steadiness in investment property mortgages could suggest ongoing interest in income-generating real estate.
Economic Outlook
Roseau County, Minnesota has experienced noteworthy fluctuations in average taxable income and total tax liability over the past decade. Taxable income has varied from $58,509.21 in 2017 to a peak of $68,996.67 in 2021, while total tax liability spiked with notable highs in 2013 and 2018. Such volatility suggests a potentially unstable local economy, making it crucial for investors and real estate professionals to carefully consider these trends. The significant dip and subsequent rise in local... Read more
Average Taxable Income per Tax Return in Roseau County, MN over the last 9 years
Roseau County, Minnesota has seen some fluctuations in average taxable income per tax return over the past nine years, with figures ranging from $58,509.21 in 2017 to a high of $68,996.67 in 2021. There have been notable dips, like in 2017 and 2019, interspersed with periods of growth, suggesting a somewhat volatile local economy. For potential investors, this variability might indicate both opportunities and risks, while those moving to or residing in the area may want to consider these economic shifts as part of their financial planning. Real estate agents and property appraisers could use this data to anticipate market trends and advise their clients accordingly.
Average State and Local Income Taxes Per Tax Return in Roseau County, MN Over the Last 10 Years
Roseau County, Minnesota, has seen significant fluctuations in average state and local income taxes per tax return over the past decade. Notably, there was a substantial spike in 2018 where taxes peaked at $37,986.67. Following this, the figures saw a considerable resettlement, with 2021 reporting an average of $19,985.71. These variations may suggest shifts in local economic conditions, tax policy changes, or demographic influences, providing a nuanced understanding for potential investors, residents, or developers.
Average Total Tax Liability Per Tax Return in Roseau County, MN Over the Last 10 Years
Roseau County in Minnesota has seen fairly significant variability in the average total tax liability per tax return over the past decade, with standout peaks in 2013 and 2018 at over $10,000.00. These fluctuations suggest a potentially volatile economic environment, which could be a key consideration for investors, appraisers, and real estate agents. Importantly, the most recent data point from 2021 shows a considerable rise to $9,706.66, indicating a potential upward trend that might interest those assessing future property values and economic stability in the area.
Cost of Living in Roseau County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,061 | $1,375 | $1,855 | $1,234 | $1,198 |
| 1 adult 4 children | $1,061 | $1,123 | $1,446 | $1,234 | $1,394 |
| 2 adults 3 children | $1,061 | $1,124 | $1,596 | $1,234 | $981 |
| 1 adult 3 children | $1,061 | $917 | $1,187 | $1,234 | $1,151 |
| 2 adults 2 children | $872 | $920 | $1,337 | $1,076 | $862 |
| 1 adult 2 children | $872 | $687 | $928 | $1,076 | $892 |
| 2 adults 1 child | $872 | $727 | $1,078 | $564 | $797 |
| 1 adult 1 child | $872 | $470 | $668 | $564 | $687 |
| 2 adults | $687 | $584 | $819 | $0 | $647 |
| 1 adult | $583 | $319 | $409 | $0 | $555 |
Safety trends & Data
Roseau County, Minnesota's property crime trends over the past five years showcase considerable fraud activity, peaking at 14 incidents in 2019. Larceny - Theft also fluctuates, with a high of 9 incidents in 2018 and stabilizing at 8 by 2021 and 2022. Vandalism shows sporadic increases, hitting 4 incidents in both 2019 and 2021. Burglary and Motor Vehicle Theft remain relatively low, offering potential insights into the area's general safety for real estate agents, investors, and new... Read more
Property Crime Trends in Roseau County, MN Over the Last 5 Years
Roseau County, Minnesota has seen varying trends in property crime over the past five years. Fraud consistently shows notable activity with a peak in 2019 at 14 incidents. Larceny - Theft also varies, peaking at 9 incidents in 2018 and stabilizing at 8 incidents in 2021 and 2022. Vandalism appears sporadically, hitting its highest of 4 incidents in 2019 and 2021. While Burglary and Motor Vehicle Theft incidents remain relatively low and stable, this data should be of interest to real estate agents, potential investors, and those considering moving to Roseau County as they evaluate the safety and security of the area.
Demographics
Roseau County's population shows a balanced gender distribution with a slight male majority. Ages skew older, with the largest cohorts being those 45 to 64 years. Educational attainment appears diverse; most residents have at least completed high school, but higher education degrees seem less common. The racial make-up is predominantly White, with small percentages of other races contributing to the county's... Read more
Race Distribution in Roseau County, Minnesota (2022)
Educational Attainment in Roseau County, Minnesota (2022)
Age Distribution in Roseau County, Minnesota
Citizen Population in Roseau County, Minnesota (2022)
Political Trends & Data
In Roseau County, Minnesota, the 2020 U.S. Presidential Election results may indicate a strong Republican leaning, as the party received about 72% of the votes. Meanwhile, the Democratic party got around 26%, and third-party candidates like the Libertarian and Green parties barely made a dent, each securing less than 1%. This trend suggests that the county could be a Republican stronghold, with limited competition from other... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Roseau County, Minnesota, the 2020 U.S. Presidential Election data suggests a significant lean towards the Republican party, which garnered approximately 72% of the votes. The Democratic party trailed with around 26%, while third-party candidates such as the Libertarian and Green parties received minimal support, each capturing less than 1% of the vote. The data could imply a strong Republican stronghold, with other parties struggling to make a substantial impact.
72.02% of voters voted for the Republican party in the 2020 Presidential Election
25.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.82% of voters voted for the Other party in the 2020 Presidential Election
School Data
Roseau County, Minnesota, has seen its student-to-teacher ratio climb from 11 in 2015 to over 16 in 2023, surpassing the national average of 14. Such trends may suggest potential strains on educational resources and shifts in school funding needs. Observing these changes is pertinent for stakeholders like investors and families when assessing local school capacity and the overall community support... Read more
Student-to-teacher ratio in Roseau County, Minnesota over the last 10 years
Over the last decade, Roseau County, Minnesota, has experienced fluctuations in its student-to-teacher ratio, with notable increases in recent years. The ratio was lowest in 2015 at approximately 11 students per teacher, but has since risen to over 16 by 2023. These recent figures significantly exceed the current national average of 14 students per teacher. For investors, families, appraisers, insurance agents, builders, real estate agents, and residents, understanding these changes can inform decisions related to school capacity, funding requirements, and community support services. Spikes in student-to-teacher ratios might suggest higher classroom pressure, which could influence educational quality and resource needs.
