St. Louis County Real Estate and Livability Trends
St. Louis County, Minnesota seems to be an enticing spot for potential investors and new residents with the average taxable income per tax return rising from $54,886.54 in 2013 to $74,390.36 in 2021. Median home values climbed from $139,900 in 2015 to $192,900 in 2022, offering comparatively cost-effective real estate against the state median. Real estate taxes doubling from $2,763.08 in 2012 to... Read more
St. Louis County Market Trends
In St. Louis County, Minnesota, median home values climbed from $139,900 in 2015 to $192,900 in 2022, offering a more affordable option compared to the state median. Residential energy tax credits saw significant fluctuations, peaking at $2,973.33 in 2018 and stabilizing around $981.33 by 2021, indicating varying financial incentives for energy-efficient upgrades. Real estate taxes surged from... Read more
Median Value of Occupied Housing Units in St. Louis County, Minnesota Over the Last 8 Years
Over the past eight years in St. Louis County, Minnesota, median home values have seen a steady climb from $139,900 in 2015 to $192,900 in 2022. While the county's growth is evident, it remains below the state median, which escalated from $186,200 to $286,800 in the same period. On the national level, median values increased from $125,500 to $179,400. For potential investors, builders, or homebuyers, St. Louis County offers a relatively more affordable entry point compared to broader Minnesota, and still displays consistent property value appreciation.
Residential Energy Tax Credit Per Tax Return in St. Louis County, MN Over the Last 9 Years
Over the past nine years, St. Louis County, Minnesota has seen significant fluctuations in the average residential energy tax credit per tax return. While there were slight and gradual increases from 2013’s $332.35 to a peak of approximately $441.75 in 2017, 2018 experienced a huge surge, spiking to $2973.33. Although this dropped in the following years, the value did not return to earlier lower levels, maintaining a higher average of around $981.33 by 2021. Those interested in property investment, real estate, or improvements here should be aware of these variable financial incentives related to energy-efficient home upgrades.
Average Real Estate Taxes Per Tax Return in St. Louis County, MN Over the Last 10 Years
Real estate taxes in St. Louis County, Minnesota have seen a marked upward trend over the last decade. From an average of $2,763.08 per tax return in 2012, these taxes have steadily climbed, peaking at $5,149.38 in 2020. This sharp increase, particularly noticeable between 2017 and 2019, may signal growing property values or changes in tax policy, something worth noting for potential investors, homebuyers, and real estate professionals. Stability in the most recent years might suggest a plateau, but the significant hike compared to the early 2010s is a key factor in financial planning and valuation for this region's real estate market.
Percentage of Farm Returns in St. Louis County, MN Over the Last 10 Years
In St. Louis County, Minnesota, the percentage of farm tax returns has experienced slight variances over the past decade, fluctuating around 0.80%. Farm tax returns, which indicate the number of tax filings from agricultural activities, have shown minimal growth or decline year on year. Peaks occurred in 2016 and 2018, with values of around 0.84% and 0.81% respectively, while the lowest point was in 2019 at approximately 0.75%. This suggests that the agricultural sector, though relatively small, exhibits some stability but faces subtle shifts in activity, possibly due to economic and environmental factors. Investors and those considering property development might find these modest but stable trends worthy of consideration when evaluating rural opportunities in the region.
Number of Mortgages by Occupancy Type in St. Louis County, MN Over the Last 5 Years in St. Louis County
Over the past five years in St. Louis County, Minnesota, there's been a noticeable trend in mortgage volumes for different occupancy types. Principal residences have consistently seen the highest numbers, peaking in 2020 with over 11,000 mortgages but then dropping by almost half by 2022. Investment properties and second residences have seen more modest fluctuations, suggesting a less volatile market segment for these types. These shifts could have implications for potential investors, home buyers, and builders, as the demand for principal residences seems to be waning while opportunities in investment or second homes might remain more stable. Understanding these trends is key for appraisers and insurance agents in assessing risk and property value.
Economic Outlook
St. Louis County, Minnesota has seen the average taxable income per tax return rise from $54,886.54 in 2013 to $74,390.36 by 2021, hinting at a potentially improving local economy, likely attractive to investors and new residents. Average state and local income taxes per return more than doubled from $6,737.86 in 2012 to $15,121.23 in 2021, especially after 2017, possibly indicating regional economic changes or tax policy shifts. Total tax liability per return also increased, peaking at... Read more
Average Taxable Income per Tax Return in St. Louis County, MN over the last 9 years
St. Louis County, Minnesota has experienced a notable increase in the average taxable income per tax return over the past nine years. Starting at around $54,886.54 in 2013, the figure has risen steadily, reaching approximately $74,390.36 by 2021. This upward trend is indicative of a potentially improving local economy, which could attract investors and new residents. For real estate agents, appraisors, and insurance agents, this data may suggest a growing market with increasing property values and purchasing power. Potential home builders might also find the area ripe for development due to the consistent income growth.
Average State and Local Income Taxes Per Tax Return in St. Louis County, MN Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in St. Louis County, Minnesota have seen a dramatic increase, more than doubling from $6,737.86 in 2012 to $15,121.23 in 2021. Particularly notable are the sharp rises post-2017, which may reflect regional economic developments or shifts in tax policies. This trend could be a deciding factor for potential investors and new residents, indicating a growing fiscal responsibility in the area. Real estate professionals and current homeowners might find this data useful for planning future financial strategies.
Average Total Tax Liability Per Tax Return in St. Louis County, MN Over the Last 10 Years
Over the last decade, average total tax liability per tax return in St. Louis County, Minnesota has generally trended upward, with notable increment in 2021 reaching $11,255.05. This growth may reflect changing economic conditions or policy shifts, potentially impacting appraisals, insurance rates, and investment decisions. Realtors and those interested in building property here should interpret this data carefully when advising clients or assessing financial implications.
Cost of Living in St. Louis County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,448 | $1,572 | $1,905 | $1,902 | $1,672 |
| 1 adult 4 children | $1,448 | $1,284 | $1,493 | $1,902 | $1,877 |
| 2 adults 3 children | $1,448 | $1,285 | $1,634 | $1,902 | $1,408 |
| 1 adult 3 children | $1,448 | $1,049 | $1,223 | $1,902 | $1,617 |
| 2 adults 2 children | $1,096 | $1,052 | $1,364 | $1,666 | $1,094 |
| 1 adult 2 children | $1,096 | $785 | $952 | $1,666 | $1,207 |
| 2 adults 1 child | $1,096 | $831 | $1,093 | $897 | $937 |
| 1 adult 1 child | $1,096 | $537 | $682 | $897 | $824 |
| 2 adults | $845 | $668 | $823 | $0 | $659 |
| 1 adult | $787 | $364 | $411 | $0 | $561 |
Safety trends & Data
Property crime trends in St. Louis County, Minnesota, have seen significant changes over the past five years. Larceny-theft incidents have more than halved, dropping from 1,525 in 2019 to 533 in 2022, and burglary rates have also declined from 129 incidents in 2018 to 64 in 2022. However, fraud occurrences have been more variable, with a low of 52 in 2020 rebounding to 88 in 2022. These shifts could be important for investors, movers, real estate agents, and insurance professionals in... Read more
Property Crime Trends in St. Louis County, MN Over the Last 5 Years
Property crime trends in St. Louis County, Minnesota, have shown noticeable shifts over the past five years. Larceny-theft has generally been the most common property crime, though its numbers have more than halved from a peak of 1,525 in 2019 to 533 in 2022. Burglary rates have similarly declined, dropping from 129 incidents in 2018 to 64 in 2022. Conversely, occurrences of fraud have fluctuated, hitting a low of 52 in 2020 but rebounding to 88 by 2022. Lower incident numbers of arson, motor vehicle theft, and vandalism may signal improvements in certain preventive measures or changing dynamics in criminal behavior. These trends could be critical for investors, potential movers, real estate agents, and insurance professionals in assessing risk and planning property developments.
Demographics
St. Louis County, Minnesota's adult population is fairly balanced between males and females, with a slight male majority. Education levels show a significant portion of adults have high school diplomas or some college experience, though fewer hold advanced degrees. The age distribution suggests a larger number of middle-aged to senior residents, potentially influencing local services and community planning. Racial demographics reveal a predominantly White population with minimal representation... Read more
Race Distribution in St. Louis County, Minnesota (2022)
Educational Attainment in St. Louis County, Minnesota (2022)
Age Distribution in St. Louis County, Minnesota
Citizen Population in St. Louis County, Minnesota (2022)
Political Trends & Data
In Saint Louis County, Minnesota, the 2020 U.S. Presidential Election highlighted a distinct leaning towards Democratic candidates, with them capturing around 56.6% of the vote. Republicans followed with roughly 41%, illustrating a degree of political diversity. Minor parties, including the Libertarians and the Green Party, collectively attracted about 2% of voters, showing some support for alternative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Saint Louis County, Minnesota, the 2020 U.S. Presidential Election voting trends showed a notable preference for Democratic candidates, who secured a potential majority with around 56.6% of the vote. Republicans trailed with roughly 41%, indicating some level of political diversity in the area. Minor parties like the Libertarians and the Green Party achieved marginal support, collectively garnering about 2% of the votes.
41.01% of voters voted for the Republican party in the 2020 Presidential Election
56.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.16% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Green party in the 2020 Presidential Election
0.86% of voters voted for the Other party in the 2020 Presidential Election
School Data
St. Louis County, Minnesota, has experienced notable changes in its student-to-teacher ratio over the past decade, peaking at 16 in 2017 and dropping to around 14 by 2019. Historically higher than the national average, recent trends suggest class sizes are shrinking, potentially indicating improvements in educational quality. This evolving dynamic can be crucial for homebuyers and investors eying the area, hinting at increased community investment in local schools. For appraisers and insurance... Read more
Student-to-teacher ratio in St. Louis County, Minnesota over the last 10 years
Over the past decade, St. Louis County, Minnesota, has seen fluctuations in its student-to-teacher ratio, peaking at 16 in 2017 and dipping to around 14 by 2019. While historically higher than the national average of 14 students per teacher, recent years have shown ratios closer to or even below this benchmark, indicating potential reductions in class sizes. These changes could be significant for prospective homebuyers and investors, suggesting shifts in educational quality and community investment in local schools. For appraisers and insurance agents, evolving student-teacher ratios may hint at broader demographic and infrastructural changes within the county.
