Stearns County Real Estate and Livability Trends
In Stearns County, Minnesota, average taxable incomes have surged dramatically from $57,771.89 in 2013 to $110,416.47 by 2021, with state and local income taxes mirroring this spike, suggesting rising incomes or tax policy shifts. Despite median home values climbing from $166,400 in 2015 to $241,100 in 2022, poverty rates peaked at 15.9% in 2021, pointing to an uneven economic landscape.... Read more
Stearns County Market Trends
Stearns County, Minnesota's median home values have steadily risen from $166,400 in 2015 to $241,100 in 2022, outpacing the national median increase. This suggests emerging market dynamics that might attract investors and homebuyers seeking relatively affordable housing compared to the state median. Despite fluctuations, residential energy tax credits peaked at $4,033.33 in 2018, indicating... Read more
Median Value of Occupied Housing Units in Stearns County, Minnesota Over the Last 8 Years
Stearns County, Minnesota has seen its median home values rise steadily over the last eight years, jumping from $166,400 in 2015 to $241,100 in 2022. This growth has outpaced the national median, which increased from $125,500 to $179,400 during the same period. While the median home values in Minnesota follow a similar upward trend, climbing from $186,200 in 2015 to $286,800 in 2022, Stearns County's growth may suggest emerging local market dynamics. This could imply opportunities for investors and homebuyers considering this area, as the county remains relatively affordable compared to the state median.
Residential Energy Tax Credit Per Tax Return in Stearns County, MN Over the Last 9 Years
Stearns County, Minnesota has seen a notable variation in residential energy tax credits over the past nine years, with values beginning at around $358.06 per tax return in 2013 and peaking at an unexpected high of $4033.33 in 2018. This fluctuation suggests potential tax policy changes or significant shifts in resident investments in energy-efficient improvements. More typical recent amounts like $765.28 in 2019 and $713.46 in 2021 likely reflect stabilized incentives for energy-saving upgrades, which could be an attractive factor for homeowners and potential investors focusing on sustainable living.
Average Real Estate Taxes Per Tax Return in Stearns County, MN Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Stearns County, Minnesota have shown a notable upward trend from $2,739.86 in 2012 to $4,987.76 in 2021. Especially sharp increases were observed starting in 2017, reflecting perhaps changing property values or tax policies. For those considering investment or relocation, this rise implies potentially higher ongoing expenses, while appraisers and insurance agents might see this as a sign of growing property valuations. Real estate agents and developers should also note this trend as it might affect buyer affordability and market dynamics.
Percentage of Farm Returns in Stearns County, MN Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Stearns County, Minnesota has shown a gradual decline from approximately 4.36% in 2012 to roughly 3.60% in 2021. Farm tax returns offer insights into the financial health and stability of the agricultural sector within the county. This downward trend may suggest shifts in the county's economic focus or challenges within the farming industry. For investors, developers, or new residents, understanding these trends could influence decisions related to property investments, business opportunities, and community engagement in Stearns County.
Number of Mortgages by Occupancy Type in Stearns County, MN Over the Last 5 Years in Stearns County
In Stearns County, Minnesota, the number of mortgages for principal residences has shown significant fluctuations over the past five years, peaking in 2020 at 10,150 before declining to 5,036 in 2022. Investment properties and second residences have maintained relatively stable figures, though they have collectively seen a slight decline. These shifts in occupancy type can inform investors and real estate professionals about changing demands and opportunities within the market. For appraisers and insurance agents, understanding these trends could affect property valuations and risk assessments, respectively. It’s crucial for anyone evaluating market potential or risk in Stearns County to note these dynamics.
Economic Outlook
In Stearns County, Minnesota, average taxable incomes have surged significantly over the past nine years, from $57,771.89 in 2013 to $110,416.47 by 2021, particularly around 2020 and 2021. State and local income taxes have also skyrocketed, jumping from $7,554.73 in 2012 to $77,937.08 by 2021, suggesting rising incomes or changes in tax policies. The total tax liability per tax return has doubled over the past decade, reaching $20,485.34 in 2021, hinting at potential economic growth. Meanwhile,... Read more
Average Taxable Income per Tax Return in Stearns County, MN over the last 9 years
Over the past nine years, Stearns County, Minnesota has seen a steady increase in average taxable income per tax return, rising from around $57,771.89 in 2013 to approximately $110,416.47 in 2021. This upward trend, though occasionally fluctuating, particularly surged in recent years, notably around 2020 and 2021. For those interested in moving to or investing in Stearns County, this trend may signal economic growth and increasing prosperity, making it an attractive prospect for real estate development, appraisals, and insurance evaluations.
Average State and Local Income Taxes Per Tax Return in Stearns County, MN Over the Last 10 Years
Over the past decade, Stearns County, Minnesota has seen a dramatic increase in average state and local income taxes per tax return, starting at approximately $7,554.73 in 2012 and skyrocketing to around $77,937.08 by 2021. This noticeable surge, especially between 2018 and 2021, suggests significant economic changes that could impact those looking to invest or move into the area. Such an increase in income taxes could indicate rising incomes or changes in tax policies, factors that are crucial for potential investors to consider.
Average Total Tax Liability Per Tax Return in Stearns County, MN Over the Last 10 Years
In Stearns County, Minnesota, the average total tax liability per tax return has shown a notable upward trend over the past decade. Starting at approximately $10,001.81 in 2012, there have been fluctuations but overall growth, peaking sharply in 2021 at around $20,485.34. This pattern might interest prospective investors or property developers as it suggests potential economic growth or increased income levels in the region. Appraisers and insurance agents could also find these trends relevant for assessing risk and property values, given the evident rise in financial capacity. Real estate professionals might see this as indicative of increasing market activity or a higher cost of living, which can influence buying and selling strategies.
Cost of Living in Stearns County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,337 | $1,500 | $1,723 | $1,992 | $1,577 |
| 1 adult 4 children | $1,337 | $1,225 | $1,349 | $1,992 | $1,774 |
| 2 adults 3 children | $1,337 | $1,225 | $1,479 | $1,992 | $1,312 |
| 1 adult 3 children | $1,337 | $1,000 | $1,105 | $1,992 | $1,542 |
| 2 adults 2 children | $993 | $1,003 | $1,235 | $1,753 | $1,036 |
| 1 adult 2 children | $993 | $749 | $861 | $1,753 | $1,147 |
| 2 adults 1 child | $993 | $793 | $991 | $974 | $891 |
| 1 adult 1 child | $993 | $512 | $617 | $974 | $814 |
| 2 adults | $798 | $637 | $747 | $0 | $641 |
| 1 adult | $770 | $347 | $373 | $0 | $556 |
Safety trends & Data
Reviewing property crime trends in Stearns County, Minnesota, larceny-theft incidents peaked at 1,254 in 2022, indicating a consistent high over the last five years. Motor vehicle thefts remained low, with minor fluctuations around the 50-mark. Fraud incidents notably spiked to 170 cases in 2021, while arson generally stayed low, with a peak of 15 in 2020. These crime patterns are essential for potential investors, real estate agents, and residents to consider for informed property decisions... Read more
Property Crime Trends in Stearns County, MN Over the Last 5 Years
Examining the property crime trends in Stearns County, Minnesota over the last five years reveals some noteworthy patterns. Larceny-theft consistently had high occurrences, peaking at 1,254 incidents in 2022. Motor vehicle thefts have remained relatively low, with minor fluctuations, and typically hovered around the 50-mark. Fraud incidents saw a sharp increase in 2021 with 170 cases, a significant jump from previous years. Arson incidents varied but generally stayed low, spiking to 15 in 2020. It's crucial for potential investors, real estate agents, and residents to note these trends for a comprehensive understanding of the area's safety and potential challenges. This data can inform decisions on property investments and neighborhood suitability.
Demographics
Stearns County, Minnesota shows a nearly even gender split with males being slightly more prevalent. Educational attainment data suggests a majority of adults have at least a high school diploma, with a significant number achieving bachelor's degrees or higher. The age distribution reveals a diverse population, but a noticeable concentration exists among young adults aged 20 to 34 years. Race distribution indicates a predominantly White population, with Black or African American communities... Read more
Race Distribution in Stearns County, Minnesota (2022)
Educational Attainment in Stearns County, Minnesota (2022)
Age Distribution in Stearns County, Minnesota
Citizen Population in Stearns County, Minnesota (2022)
Political Trends & Data
Stearns County, Minnesota tends to lean Republican, evident from the 2020 U.S. Presidential Election where the GOP secured about 60% of the vote. With Democrats at nearly 38%, there's a discernible gap suggesting a conservative voter base. Minor parties like Libertarian and Green remain negligible, capturing around 1% and less than half a percent, respectively. This GOP dominance might influence local policies and market trends, reflecting the community’s conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Stearns County, Minnesota, appears to lean Republican, with approximately 60% of the vote going to the GOP in the 2020 U.S. Presidential Election. Democrats garnered nearly 38%, a noticeable gap. The Libertarian and Green parties played a minimal role, capturing just over 1% and less than half a percent, respectively. Voters showing preference for "Other" candidates constituted around 0.8%. Such distributions might suggest a predominantly conservative voter base with occasional shifts.
60.07% of voters voted for the Republican party in the 2020 Presidential Election
37.58% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.81% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Stearns County, Minnesota has seen its student-to-teacher ratio fluctuate around the national average of 14 students per teacher, with notable shifts like a dip to 13 in 2017 and a bump to 15 in 2021. This variability might influence family decisions on relocation, and investors could find it relevant when evaluating the local education system's strength. Additionally, these changes could impact real estate agents and appraisers assessing property value trends based on... Read more
Student-to-teacher ratio in Stearns County, Minnesota over the last 10 years
Over the past decade, the student-to-teacher ratio in Stearns County, Minnesota has fluctuated, mostly hovering around the national average of 14 students per teacher. Notably, a dip occurred in 2017 when the ratio dropped to 13, and an increase was seen in 2021 reaching 15. This variability might affect perceptions of educational quality, influencing decisions for families considering moving to the area and for investors evaluating the strength of local education systems. Additionally, it could matter to real estate agents and appraisers assessing property value trends tied to school desirability, as well as insurance agents calculating risk associated with demographic changes.
