Sherburne County Real Estate and Livability Trends
Sherburne County, Minnesota is showing robust real estate activity, with median home values climbing from $190,600 in 2015 to $306,000 in 2022, surpassing state and national averages. This growth, paired with a notable rise in taxable income—from $62,193.95 in 2013 to $81,001.19 in 2021—signals a thriving local economy potentially driven by higher-paying jobs. Interestingly, agricultural tax... Read more
Sherburne County Market Trends
Sherburne County, Minnesota's real estate market has shown a notable increase in median home values, jumping from $190,600 in 2015 to $306,000 in 2022, outpacing state and national trends. The area also experienced fluctuating residential energy tax credits, peaking dramatically in 2018, likely due to generous incentives. Real estate taxes have risen significantly, suggesting a growing property... Read more
Median Value of Occupied Housing Units in Sherburne County, Minnesota Over the Last 8 Years
Sherburne County, Minnesota has seen a steady uptick in median home values over the past eight years, jumping from $190,600 in 2015 to $306,000 in 2022. This growth outpaces both the state of Minnesota, which saw an increase from $186,200 to $286,800, and the national trend, where median values rose from $125,500 to $179,400. This trend could indicate a burgeoning real estate market in Sherburne County, making it a potentially attractive area for new investments, relocations, or property developments.
Residential Energy Tax Credit Per Tax Return in Sherburne County, MN Over the Last 9 Years
In Sherburne County, Minnesota, the average residential energy tax credit per tax return has seen significant fluctuations over the past nine years. Starting at $341.27 in 2013, it experienced notable increases, peaking dramatically at $1,988.89 in 2018. This spike suggests the implementation of generous energy efficiency incentives that year, potentially due to updated local policies or federal programs. Post-2018, the tax credit values returned to a more moderate range, stabilizing around $731.52 by 2021. This trend could indicate ongoing, though less aggressive, support for residential energy improvements, making Sherburne County possibly attractive for energy-conscious investors and homeowners.
Average Real Estate Taxes Per Tax Return in Sherburne County, MN Over the Last 10 Years
Over the past decade, Sherburne County, Minnesota has experienced a noticeable rise in average real estate taxes per tax return, from approximately $2,801.93 in 2012 to around $4,321.01 in 2021. This upward trend suggests a potentially growing property market, which might attract investors and real estate professionals looking for regions with increasing property values. However, for those considering moving to or building in the area, increased taxes might be a factor to consider. Appraisers and insurance agents may find these trends significant for evaluating property values and associated risks.
Percentage of Farm Returns in Sherburne County, MN Over the Last 10 Years
In Sherburne County, Minnesota, the percentage of farm tax returns has shown a steady decline over the last decade. Starting from roughly 1.27% in 2012 and decreasing to about 0.88% by 2021, this trend may point to a shift away from agricultural activities or a consolidation of farming operations. For investors, property developers, and residents, this could imply reduced competition for farmland and possibly more opportunities for residential or commercial development as agricultural land use wanes.
Number of Mortgages by Occupancy Type in Sherburne County, MN Over the Last 5 Years in Sherburne County
Sherburne County, Minnesota, has seen fluctuations in mortgage counts over the past five years, with home mortgages for principal residences peaking in 2020 and then declining by 2022. Investment properties also saw a notable decrease in recent years, dropping from 221 mortgages in 2021 to 121 in 2022. Second residences have consistently remained at minimal levels. These shifts in occupancy types could reflect changing economic conditions, market vitality, and lifestyle preferences. For investors and developers, understanding these trends can offer insights into demand and potential market opportunities. Real estate agents and appraisers might use this data to anticipate buyer interest and property values, while insurance agents can consider these dynamics in risk assessments.
Economic Outlook
Sherburne County, Minnesota has seen a consistent rise in average taxable income per tax return over the last nine years, from $62,193.95 in 2013 to $81,001.19 in 2021. This upward trend may indicate a growing local economy and an influx of high-paying jobs, making the area attractive to new residents and investors. Alongside this, there has been a notable increase in average state and local income taxes, from $5,390.94 in 2012 to $10,462.53 in 2021, likely reflecting economic changes and... Read more
Average Taxable Income per Tax Return in Sherburne County, MN over the last 9 years
Over the last 9 years, Sherburne County, Minnesota has seen a consistent rise in average taxable income per tax return. Starting at $62,193.95 in 2013, it has steadily climbed each year, reaching $81,001.19 in 2021. This trend could suggest a growing local economy and an increase in high-paying jobs, which may attract new residents and investors. Real estate agents and developers might find this data useful for gauging future market potential, while appraisers and insurance agents could consider these trends when assessing property values and risks.
Average State and Local Income Taxes Per Tax Return in Sherburne County, MN Over the Last 10 Years
Sherburne County, Minnesota has seen a significant uptick in average state and local income taxes per tax return over the past decade. Starting in 2012 with an average of $5,390.94, the taxes have consistently increased, peaking in 2021 at $10,462.53. This trend likely reflects broader economic changes, possibly including increased local government funding needs or rising per capita incomes. Those considering investment or relocation should factor this steady tax growth into their financial planning, as it could impact overall living costs and property values in the area.
Average Total Tax Liability Per Tax Return in Sherburne County, MN Over the Last 10 Years
Over the last decade, Sherburne County, Minnesota has seen a general upward trend in average total tax liability per tax return. Starting from $8,221.75 in 2012, the liability has climbed to $11,703.91 in 2021. This near-continuous increase suggests a growing economic stability and possibly rising incomes within the county, making it of interest to potential investors, new residents, and real estate professionals looking to capitalize on an expanding market.
Cost of Living in Sherburne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,663 | $1,629 | $1,609 | $1,992 | $1,875 |
| 1 adult 4 children | $1,663 | $1,330 | $1,259 | $1,992 | $2,112 |
| 2 adults 3 children | $1,663 | $1,331 | $1,381 | $1,992 | $1,614 |
| 1 adult 3 children | $1,663 | $1,086 | $1,032 | $1,992 | $1,866 |
| 2 adults 2 children | $1,224 | $1,089 | $1,154 | $1,753 | $1,248 |
| 1 adult 2 children | $1,224 | $814 | $804 | $1,753 | $1,379 |
| 2 adults 1 child | $1,224 | $861 | $927 | $974 | $1,034 |
| 1 adult 1 child | $1,224 | $556 | $577 | $974 | $1,013 |
| 2 adults | $997 | $692 | $699 | $0 | $763 |
| 1 adult | $874 | $377 | $350 | $0 | $651 |
Safety trends & Data
Sherburne County, Minnesota has seen varied trends in property crime over the past five years. Larceny-theft increased from 90.00 in 2018 to 124.00 in 2022, while burglary incidents peaked in 2019 but have since stabilized. Fraud cases hit a high in 2021 with 49.00 incidents. These fluctuations could impact property values, insurance rates, and community safety, making it important for potential investors, real estate agents, and new residents to stay... Read more
Property Crime Trends in Sherburne County, MN Over the Last 5 Years
Sherburne County, Minnesota has shown fluctuations in property crime over the past five years, with notable increases in certain categories like larceny-theft, which saw a rise from 90.0 in 2018 to 124.0 in 2022. Burglary incidents also spiked significantly in 2019 but seem to have stabilized in subsequent years. Fraud cases saw a peak in 2021 with 49.0 reported incidents. This data is crucial for investors, real estate agents, and those considering moving to or building in the area, as crime trends can significantly impact property values, insurance rates, and general community safety.
Demographics
Sherburne County, Minnesota, presents some intriguing demographic trends. The adult population shows a slight male majority. Educational attainment is fairly distributed, though a significant portion has a high school diploma or some college education. Age-wise, the county has a balanced mix across different age groups, with notable peaks in the younger demographics under 10 years and the 35-44 years segment. Racially, the population is predominantly white, with African American and Asian... Read more
Race Distribution in Sherburne County, Minnesota (2022)
Educational Attainment in Sherburne County, Minnesota (2022)
Age Distribution in Sherburne County, Minnesota
Citizen Population in Sherburne County, Minnesota (2022)
Political Trends & Data
Sherburne County, Minnesota, exhibited notable support for the Republican party in the 2020 U.S. Presidential Election, with Republicans potentially securing around 65% of the vote. In contrast, the Democratic party garnered roughly 32%, indicating a significant partisan preference. Third-party candidates, including the Libertarian and Green parties, seem to have had minimal impact, collectively earning just over 2% of the vote. This pattern might reflect the county's broader political leaning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sherburne County, Minnesota, exhibited notable support for the Republican party in the 2020 U.S. Presidential Election, with Republicans potentially securing around 65% of the vote. In contrast, the Democratic party garnered roughly 32%, indicating a significant partisan preference. Third-party candidates, including the Libertarian and Green parties, seem to have had minimal impact, collectively earning just over 2% of the vote. This pattern might reflect the county's broader political leaning and possibly suggest trends for future elections.
65.13% of voters voted for the Republican party in the 2020 Presidential Election
32.48% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Green party in the 2020 Presidential Election
0.79% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sherburne County, Minnesota has seen its student-to-teacher ratio swing dramatically over the past decade, hitting a low of 17 in 2019 and peaking at 38 in 2023, compared to the U.S. average of 14. This could impact perceptions about the quality of education, potentially influencing property values and demand. Real estate agents and potential residents may consider these factors when evaluating local amenities and future investment... Read more
Student-to-teacher ratio in Sherburne County, Minnesota over the last 10 years
Over the last decade, Sherburne County, Minnesota has experienced significant fluctuations in its student-to-teacher ratio, ranging from a low of 17 in 2019 to a high of 38 in 2023. This contrasts sharply with the current U.S. national average of 14 students per teacher. These variations may have implications for the quality of education, individual attention to students, and overall classroom dynamics in the county. For investors, real estate agents, and potential residents, this data could influence perceptions of the local education system's capacity to meet students' needs. Changes in occupancy type matter because they reflect shifting demographic trends, which can affect property values and local services demand.
