Sibley County Real Estate and Livability Trends
In Sibley County, Minnesota, median home values have climbed steadily from $131,300 in 2015 to $196,600 in 2022, presenting more affordable options than the state and national averages. The county has also seen a rise in residential energy tax credits, peaking at $1,472.73 in 2021, reflecting growing investments in energy-efficient home improvements. Real estate taxes have generally increased,... Read more
Sibley County Market Trends
Sibley County, Minnesota's median home value has grown steadily from $131,300 in 2015 to $196,600 in 2022, offering more affordable options compared to the state and national averages. The county has seen a notable rise in residential energy tax credits, peaking at $1,472.73 in 2021, indicating increasing investments in energy-efficient home improvements. Real estate taxes have generally trended... Read more
Median Value of Occupied Housing Units in Sibley County, Minnesota Over the Last 8 Years
Sibley County, Minnesota has seen its median home value rise from $131,300 in 2015 to $196,600 in 2022, reflecting steady growth. This local progression contrasts with the national increase from $125,500 to $179,400 in the same period, and Minnesota's overall jump from $186,200 to $286,800. Sibley County's slower climb compared to the state average could signal more affordable opportunities for potential buyers or investors who are deterred by the higher state and national trends.
Residential Energy Tax Credit Per Tax Return in Sibley County, MN Over the Last 8 Years
Sibley County, Minnesota, has seen a significant fluctuation in residential energy tax credits per tax return over the last eight years, hitting a peak of $1,472.73 in 2021. This upward trend, particularly notable since 2015, suggests increasing investments in energy-efficient improvements among homeowners. For those in real estate or looking to build, this could indicate a growing preference for energy-efficient properties. Appraisers and insurance agents might find this data useful for assessing property values and risk profiles. Investors and potential movers might interpret this trend as a signal of a progressive community prioritizing sustainability.
Average Real Estate Taxes Per Tax Return in Sibley County, MN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Sibley County, Minnesota have experienced notable fluctuations, trending generally upward. In 2012, the average real estate tax was approximately $2,147.21, while by 2021 it had increased to around $3,538.71. The more significant jumps occurred post-2016, suggesting a pattern of rising property tax evaluations or rate changes in recent years. This growing tax burden might impact decisions for potential homeowners, real estate investors, and financial planning for existing residents.
Percentage of Farm Returns in Sibley County, MN Over the Last 10 Years
The percentage of farm tax returns in Sibley County, Minnesota has generally remained around 11-12% over the last decade, with slight fluctuations. It's seen a minor decline from 12.18% in 2013 to around 10.42% in 2021. Farm tax returns essentially track the portion of income reported by farms, providing a glimpse into the economic activity of the agricultural sector. This might indicate a stable but slightly contracting agricultural base, something to consider for potential investors or property developers interested in the area.
Number of Mortgages by Occupancy Type in Sibley County, MN Over the Last 5 Years in Sibley County
Sibley County, Minnesota has seen notable variability in mortgage counts by occupancy type over the past five years, reflecting broader trends and economic factors. The number of mortgages for principal residences peaked in 2021 at 952 but showed a significant decline to 545 in 2022, suggesting potential market adjustments or shifts in consumer priorities. Investment property mortgages have remained relatively stable, never surpassing 29 annually, indicating a consistent but limited interest. Second residences have shown minimal activity across the board, with peak counts reaching only 5 mortgages in 2019. These fluctuations matter for investors and real estate agents planning future strategies, appraisers and insurance agents assessing property values, and residents deciding whether to buy or build, as they provide insights into market demand and stability.
Economic Outlook
In Sibley County, Minnesota, the average taxable income per tax return has surged from $51,045.10 in 2013 to $68,314.95 in 2021, pointing towards a possibly strengthening local economy. Meanwhile, state and local income taxes have also climbed, jumping from around $5,327.89 in 2012 to about $8,351.52 in 2021, with a notable spike from 2019 to 2020. The total tax liability per tax return has increased too, peaking at roughly $8,868.36 in 2021 after some fluctuations. This overall upward trend in... Read more
Average Taxable Income per Tax Return in Sibley County, MN over the last 9 years
The average taxable income per tax return in Sibley County, Minnesota has shown a general upward trend over the past nine years, starting from $51,045.10 in 2013 to $68,314.95 in 2021. This increase could indicate a strengthening local economy and potential for appreciation in property values, making it a possibly enticing area for real estate investors and homebuilders. Those looking to move to Sibley County or appraise property may find this growth indicative of rising income levels and a potentially vibrant community. For insurance agents, this could suggest a clientele with higher disposable incomes and potentially more comprehensive coverage needs.
Average State and Local Income Taxes Per Tax Return in Sibley County, MN Over the Last 10 Years
Sibley County, Minnesota has experienced a notable upward trajectory in average state and local income taxes per tax return over the last decade. Starting from around $5,327.89 in 2012, there has been a gradual increase with a marked jump in recent years, reaching roughly $8,351.52 by 2021. What stands out is the significant spike from 2019 to 2020, where taxes leaped from $6,402.38 to $7,394.44, highlighting possible economic shifts or policy changes. This trend may hint at a growing economic landscape or increased municipal funding initiatives, making it an insightful metric for potential investors or new residents evaluating Sibley County's financial dynamics.
Average Total Tax Liability Per Tax Return in Sibley County, MN Over the Last 10 Years
In Sibley County, Minnesota, the average total tax liability per tax return has exhibited a general upward trend over the past decade, with notable fluctuations. Starting at approximately $6,717.08 in 2012, there was a steady increase reaching about $7,422.26 by 2015, followed by a slight dip and recovery around the $6,900 to $7,450 range. However, a significant spike to roughly $8,868.36 was observed in 2021. This pattern may suggest economic growth and changes in taxable income levels, which could be valuable insights for investors, appraisers, and real estate professionals when evaluating the financial landscape and property values in Sibley County.
Cost of Living in Sibley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,095 | $1,484 | $1,799 | $1,589 | $1,360 |
| 1 adult 4 children | $1,095 | $1,212 | $1,401 | $1,589 | $1,571 |
| 2 adults 3 children | $1,095 | $1,212 | $1,548 | $1,589 | $1,128 |
| 1 adult 3 children | $1,095 | $990 | $1,150 | $1,589 | $1,317 |
| 2 adults 2 children | $858 | $992 | $1,297 | $1,384 | $944 |
| 1 adult 2 children | $858 | $741 | $899 | $1,384 | $998 |
| 2 adults 1 child | $858 | $784 | $1,046 | $717 | $827 |
| 1 adult 1 child | $858 | $507 | $648 | $717 | $737 |
| 2 adults | $692 | $630 | $795 | $0 | $657 |
| 1 adult | $574 | $344 | $397 | $0 | $535 |
Safety trends & Data
The property crime trends in Sibley County, Minnesota, over the past five years show variability but generally feature low rates of larceny-theft and burglary, with the latter never exceeding four incidents annually. Vandalism and fraud cases also remain low, typically between one and four. Interestingly, motor vehicle theft and stolen property cases rarely exceed three per year. This stable, low-volume crime rate may attract potential investors, appraisers, and new residents, adding a layer of... Read more
Property Crime Trends in Sibley County, MN Over the Last 5 Years
Property crime trends in Sibley County, Minnesota over the past five years show some variability but indicate a general presence of larceny-theft, which has fluctuated between 4 and 9 incidents annually. Burglary incidents have been low, never exceeding four per year and seeing a decline in recent years. Vandalism and fraud occurrences also seem relatively low, typically ranging from one to four cases annually. Interestingly, motor vehicle theft and incidents involving stolen property have been minimal, with no year showing more than three cases in these categories. This pattern suggests a relatively stable but low-volume crime rate, which could be appealing to potential investors, appraisers, and those considering moving to or working in Sibley County.
Demographics
Sibley County, Minnesota's demographics reveal an intriguing mix of educational attainment and age distribution which could have significant implications for local policies and businesses. The adult population is almost evenly split between males and females, suggesting gender-balanced community activities. Education levels highlight that a substantial portion have completed high school or attended some college, offering a relatively educated workforce. Age-wise, there's a noticeable... Read more
Race Distribution in Sibley County, Minnesota (2022)
Educational Attainment in Sibley County, Minnesota (2022)
Age Distribution in Sibley County, Minnesota
Citizen Population in Sibley County, Minnesota (2022)
Political Trends & Data
Sibley County, Minnesota may exhibit a significant conservative leaning, with the Republican party potentially securing around 70% of the vote in the 2020 U.S. Presidential election. The Democratic party might have captured just under 29%, indicating a substantial preference for conservative candidates. Minor parties such as Libertarian and Green appear to have minimal impact, collectively garnering a negligible portion of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sibley County, Minnesota, the Republican party likely garnered a significant majority of the vote in the 2020 U.S. Presidential election, with nearly 70% of the total. The Democrat party seemed to have secured just under 29%, possibly indicating a strong lean towards conservative candidates in this region. Smaller parties, including Libertarian and Green, collectively made up a minimal portion of the votes, suggesting limited influence compared to the dominant two parties.
69.38% of voters voted for the Republican party in the 2020 Presidential Election
28.60% 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
0.26% of voters voted for the Green party in the 2020 Presidential Election
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sibley County, Minnesota has experienced varied student-to-teacher ratios, mostly aligning with the national average of 14 students per teacher. Notably, 2019 saw a dip to 12 students per teacher, while 2021 and 2023 marked a peak at approximately 15 students per teacher. For real estate agents, potential investors, and families, these fluctuations hint at shifting education demand and could influence property valuations and community resource allocation. Smaller class sizes in certain years... Read more
Student-to-teacher ratio in Sibley County, Minnesota over the last 10 years
Over the last decade, student-to-teacher ratios in Sibley County, Minnesota have fluctuated but mostly hovered around the national average of 14 students per teacher. The ratios dipped below the national average in several years, such as 2019 at around 12 students per teacher, but saw an increase in recent years, peaking at about 15 students per teacher in 2021 and 2023. For potential investors, those considering moving to the area, appraisers, and real estate agents, these variations in classroom sizes could imply changing demand for educational resources and potentially impact the valuation of properties and community resources. Smaller class sizes in several years might also be appealing to families prioritizing more personalized education for their children.
