Scott County Real Estate and Livability Trends
Scott County, Minnesota has shown a notable rise in average taxable income, moving from $80,801.98 in 2013 to $111,202.04 by 2021, which may reflect an appealing economic environment. Median home values leapt from $247,600 in 2015 to $376,000 in 2022, surpassing both state and national averages, indicating strong real estate demand. Property taxes similarly climbed from $3,664.22 in 2012 to... Read more
Scott County Market Trends
In Scott County, Minnesota, the real estate market has shown a robust trend with median home values rising from $247,600 in 2015 to $376,000 in 2022, outpacing both state and national averages. Residential energy tax credits have seen notable fluctuations, peaking at $3,212.50 per tax return in 2018 and again at $1,320.14 in 2021, hinting at increased investment in energy-efficient improvements.... Read more
Median Value of Occupied Housing Units in Scott County, Minnesota Over the Last 8 Years
The median home value in Scott County, Minnesota has seen a steady incline, rising from $247,600 in 2015 to $376,000 in 2022. This growth trend surpasses both the state and national averages. Compared to Minnesota's statewide increase from $186,200 to $286,800 and the national rise from $125,500 to $179,400 during the same period, Scott County's housing market appears particularly robust. This sustained growth could be of interest to investors and individuals looking to move into the area, suggesting a strong demand for housing and possibly signaling favorable conditions for property development.
Residential Energy Tax Credit Per Tax Return in Scott County, MN Over the Last 9 Years
Residential energy tax credits in Scott County, Minnesota, have shown significant variability over the past nine years, with a notable spike in 2018, reaching an average of $3,212.50 per tax return. Before this surge, credits hovered around $316 to $447. Post-2018, the averages increased, peaking again at $1,320.14 in 2021. This trend could indicate increased investments in energy-efficient home improvements or fluctuations in state or federal incentives, important for potential investors, homeowners, real estate agents, and insurance agents assessing property values and coverage in the area.
Average Real Estate Taxes Per Tax Return in Scott County, MN Over the Last 10 Years
Average real estate taxes per tax return in Scott County, Minnesota have shown a notable upward trend over the past decade. Starting at $3,664.22 in 2012, taxes have consistently risen to reach $5,407.02 by 2021. This increase may indicate a growing demand for property, which could be of interest to potential investors, new residents, and property developers. Real estate agents, appraisers, and insurance agents might find the rising tax values indicative of higher property values and a potentially flourishing real estate market in Scott County. This information could also be crucial for those planning to build property in the area, as higher taxes could impact long-term financial planning.
Percentage of Farm Returns in Scott County, MN Over the Last 10 Years
Scott County, Minnesota has witnessed a gradual but notable decline in the percentage of farm tax returns over the past decade. Starting at 1.32% in 2012 and dipping to a low of 0.99% in 2020 before a slight uptick to 1.02% in 2021, these trends might indicate shifting economic dynamics or changing land uses. Farm tax returns generally represent the proportion of filed tax returns that report farm income, offering a glimpse into the area's agricultural activity. Investors and residents considering Scott County may find these numbers relevant as they potentially reflect broader economic shifts that could influence development opportunities, real estate values, and community planning.
Number of Mortgages by Occupancy Type in Scott County, MN Over the Last 5 Years in Scott County
In Scott County, Minnesota, the last five years have shown fluctuating patterns in mortgage counts across different occupancy types. Principal residence mortgages have seen significant activity, peaking in 2020 with over 17,800 counts but steadily decreasing to around 7,400 by 2022. Investment properties and second residences have had a more modest presence, with investment mortgages reaching a high in 2020 and then trending downward, while second residences remain relatively stable but low. These shifts in occupancy types can hint at broader economic trends, such as changing housing demand, market stability for long-term investments, and potential for property depreciation or appreciation. These metrics could be significant for potential investors, homebuyers, appraisers, insurance agents, real estate agents, and residents who are keen to understand the evolving property landscape in Scott County.
Economic Outlook
Scott County, Minnesota has shown a significant rise in average taxable income per tax return, climbing from $80,801.98 in 2013 to $111,202.04 by 2021. This trend could indicate a thriving economy, potentially making the area more attractive for real estate investment. Over the same period, state and local income taxes have also increased from $7,482.56 to $18,500.58, which might reflect rising incomes or shifts in tax structures. Additionally, total tax liability per tax return rose from... Read more
Average Taxable Income per Tax Return in Scott County, MN over the last 9 years
Over the past nine years, Scott County, Minnesota has seen a notable increase in average taxable income per tax return. In 2013, the average was approximately $80,801.98, and it steadily rose to about $111,202.04 by 2021. This upward trend might indicate a growing economy and rising income levels, potentially signaling a desirable area for investment and real estate development. As incomes have increased, so too may have property values, possibly affecting appraisals and insurance assessments. This could be appealing for those looking to move to the area or for real estate agents looking to guide their clients toward promising opportunities.
Average State and Local Income Taxes Per Tax Return in Scott County, MN Over the Last 10 Years
Over the past decade, Scott County, Minnesota has seen a notable increase in the average state and local income taxes per tax return, climbing from around $7,482.56 in 2012 to approximately $18,500.58 in 2021. This upward trend suggests a steady economic growth or possibly changing tax structures in the county. For those considering moving, investing, or developing property in Scott County, these tax increments could reflect rising incomes, increased public investments, or greater public service expenditures which can influence the broader financial landscape and cost of living in the area.
Average Total Tax Liability Per Tax Return in Scott County, MN Over the Last 10 Years
Over the last decade, Scott County, Minnesota has seen a steady increase in the average total tax liability per tax return. In 2012, the average stood at approximately $14,235.69 and has generally risen year-over-year, reaching $20,681.09 in 2021. This suggests an upward trend that could reflect broader economic shifts, property value increases, or changes in tax policies in the region. These figures might interest potential investors, real estate agents, and individuals looking to move to Scott County, as they highlight potential financial commitments and economic growth within the area.
Cost of Living in Scott County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,020 | $1,681 | $1,609 | $2,666 | $2,326 |
| 1 adult 4 children | $2,020 | $1,373 | $1,259 | $2,666 | $2,502 |
| 2 adults 3 children | $2,020 | $1,373 | $1,381 | $2,666 | $2,086 |
| 1 adult 3 children | $2,020 | $1,121 | $1,032 | $2,666 | $2,306 |
| 2 adults 2 children | $1,487 | $1,124 | $1,154 | $2,368 | $1,607 |
| 1 adult 2 children | $1,487 | $840 | $804 | $2,368 | $1,764 |
| 2 adults 1 child | $1,487 | $888 | $927 | $1,399 | $1,233 |
| 1 adult 1 child | $1,487 | $574 | $577 | $1,399 | $1,297 |
| 2 adults | $1,212 | $714 | $699 | $0 | $824 |
| 1 adult | $1,062 | $389 | $350 | $0 | $698 |
Safety trends & Data
Scott County, Minnesota has seen fluctuating property crime trends over the past five years. Larceny-theft peaked at 450.00 cases in 2019 before dipping to 266.00 by 2022, while burglary and vandalism have generally decreased, with figures dropping to 16.00 and 40.00 respectively. Strikingly, embezzlement cases hit 21.00 in 2022, hinting at shifting economic crime patterns. These changing crime dynamics may influence property values and insurance rates in Scott... Read more
Property Crime Trends in Scott County, MN Over the Last 5 Years
Scott County, Minnesota has experienced fluctuating trends in property crimes over the last five years. Larceny-theft remains the most prevalent, peaking at 450.0 cases in 2019 and dipping to 266.0 by 2022. Burglary and vandalism have generally decreased, from 27.0 and 82.0 respectively in 2018 to 16.0 and 40.0 in 2022. Notably, cases of embezzlement varied, reaching a high of 21.0 in 2022, suggesting shifts in economic crime patterns. These variable crime rates indicate changing dynamics in the county's security landscape, which could impact property values and insurance rates.
Demographics
Scott County, Minnesota's adult population shows a nearly balanced gender split with a slight male majority. Educational attainment trends reveal a significant concentration of residents holding bachelor's degrees, suggesting a well-educated populace. Age distribution highlights a large segment of middle-aged adults, paired with a notable proportion of children and teens, indicating potential for long-term community growth. Racially, the county is predominantly White with smaller but noticeable... Read more
Race Distribution in Scott County, Minnesota (2022)
Educational Attainment in Scott County, Minnesota (2022)
Age Distribution in Scott County, Minnesota
Citizen Population in Scott County, Minnesota (2022)
Political Trends & Data
Scott County in Minnesota appeared to have a slight Republican lean in the 2020 U.S. Presidential Election, with Republicans possibly securing approximately 52% of the vote. Democrats captured around 46%, while third-party candidates, including Libertarians and the Green Party, collectively garnered less than 2%. This trend suggests a predominantly two-party system preference among the county's... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Scott County in Minnesota showed a slight Republican lean in the 2020 U.S. Presidential Election, with Republicans possibly securing around 52% of the vote and Democrats around 46%. Third-party candidates, including Libertarians and the Green Party, collectively captured less than 2% of the vote. This trend might indicate a predominantly two-party system preference among voters in this county.
52.15% of voters voted for the Republican party in the 2020 Presidential Election
45.52% of voters voted for the Democrat party in the 2020 Presidential Election
1.19% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
0.87% of voters voted for the Other party in the 2020 Presidential Election
School Data
Scott County, Minnesota has experienced fluctuating student-to-teacher ratios over the past decade, peaking at 19:1 in 2022 and dropping to 15:1 in 2020 and 2023, compared to the US average of 14:1. These changes could signal occasional stress on educational resources, potentially impacting school quality and community growth. For investors and developers, understanding these trends might offer insights into periods of increased demand for educational staff and infrastructure... Read more
Student-to-teacher ratio in Scott County, Minnesota over the last 10 years
Over the past decade, Scott County, Minnesota has seen fluctuations in its student-to-teacher ratio, peaking at 19 students per teacher in 2022 and dropping to 15 students per teacher in 2020 and 2023. This variability, compared to the US national average of 14 students per teacher, may suggest occasional stress on educational resources. For prospective investors, appraisers, real estate agents, and those considering moving to the area, understanding these trends might indicate periods of increased demand for educational staff and potential impacts on school quality. Additionally, insurance agents and developers might find the ratio useful for assessing community growth and infrastructure needs.
