Stevens County Real Estate and Livability Trends
Stevens County, Minnesota, has witnessed a considerable rise in average taxable income, climbing from $58,641.99 in 2013 to $82,850.42 by 2021, potentially driving demand for higher-end real estate. Median home values increased from $131,500 to $170,700, possibly indicating a stable market with moderate appreciation. Varied state and local income taxes and a peak in residential energy tax credits... Read more
Stevens County Market Trends
Over the past eight years, Stevens County, Minnesota has seen median home values climb from $131,500 to $170,700, suggesting steadier growth than national and state trends. This could signify a stable investment environment with moderate appreciation. Residential energy tax credits have fluctuated widely, which might indicate shifting policies and evolving adoption rates of energy-efficient... Read more
Median Value of Occupied Housing Units in Stevens County, Minnesota Over the Last 8 Years
Over the past 8 years, Stevens County, Minnesota has seen its median home values rise from $131,500 in 2015 to $170,700 in 2022. While the National median rose from $125,500 to $179,400 in the same period and the State of Minnesota's figures jumped from $186,200 to $286,800, Stevens County's growth appears steadier and more gradual. This could suggest a more stable investment environment with less volatility compared to broader trends. For those considering moving to or investing in Stevens County, it may represent a balanced opportunity with reasonable appreciation in home values.
Residential Energy Tax Credit Per Tax Return in Stevens County, MN Over the Last 8 Years
Residential energy tax credits in Stevens County, Minnesota have experienced notable fluctuations over the past eight years. In 2014, the average credit saw a significant increase, reaching $722.22, but dipped back down the following years, hitting a low of $166.67 in 2019. However, 2021 marked an impressive rise to $940.00. This variability in tax credits likely reflects changing policies and varying adoption rates of energy-efficient improvements, offering insights for appraisers, real estate agents, and investors considering the area's sustainable development trends.
Average Real Estate Taxes Per Tax Return in Stevens County, MN Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Stevens County, Minnesota have shown noticeable fluctuations, peaking at $3,541.18 in 2020. Investors and property builders may find the increases from 2017 to 2020 particularly significant, with a substantial rise from $2,313.83 to $3,541.18. Real estate agents and appraisers should consider the 2021 decrease to $3,226.32 as potentially indicative of market changes. Those looking to move to the county could expect varying tax burdens, reflecting overall market dynamics in the region.
Percentage of Farm Returns in Stevens County, MN Over the Last 10 Years
The percentage of farm tax returns in Stevens County, Minnesota, has been experiencing a slight but consistent decline over the past decade, hovering around 12.73% in 2012 and dipping to approximately 10.78% by 2021. Farm tax returns represent the filings by agricultural entities that report income and expenses related to farming, which is a crucial indicator of the agricultural sector's activity and economic health. For investors, builders, or new residents, this trend might suggest shifting economic dynamics and could influence decisions regarding property investments or business opportunities in the region. Those with interests in agricultural ventures should take note of this gradual decrease, as it may reflect broader shifts in the rural economy or demographic changes within Stevens County.
Number of Mortgages by Occupancy Type in Stevens County, MN Over the Last 5 Years in Stevens County
Over the past five years in Stevens County, Minnesota, principal residence mortgages have significantly dominated the market, showing a peak in 2020 with 379 mortgages. Investment properties also saw gradual growth, particularly noteworthy in 2021 with 19 mortgages, indicating a budding interest in real estate investment. Second residences remained low and consistent, rarely climbing above single digits. These shifts in occupancy types could be pivotal for investors gauging market demand, appraisers assessing property values, and insurance agents understanding risk profiles. Additionally, real estate agents and builders might discern emerging trends to tailor their offerings, and prospective residents may find insights into the county's evolving housing dynamics.
Economic Outlook
Stevens County, Minnesota, has seen average taxable income per tax return climb from $58,641.99 in 2013 to $82,850.42 by 2021, suggesting a rise in affluence that could boost demand for high-end real estate. Fluctuations in average state and local income taxes, peaking at $22,809.09 in 2021, and varied total tax liabilities indicate changing economic landscapes that investors and residents might need to factor into financial planning. Such variability in economic indicators could impact... Read more
Average Taxable Income per Tax Return in Stevens County, MN over the last 9 years
Stevens County, Minnesota, has seen notable fluctuations in average taxable income per tax return over the past nine years, starting from $58,641.99 in 2013 and rising to $82,850.42 by 2021. Investors and real estate agents might view this trend as indicative of an increasingly affluent population, potentially driving demand for higher-end properties. Meanwhile, appraisers and insurance agents may need to adjust their valuations and risk assessments accordingly. The year-over-year variability highlights economic shifts that could influence future financial stability and growth in the area.
Average State and Local Income Taxes Per Tax Return in Stevens County, MN Over the Last 10 Years
Over the past decade, Stevens County, Minnesota has seen significant fluctuations in average state and local income taxes per tax return. Starting at $9,743.40 in 2012, there have been notable peaks in 2018 at $14,140.91 and a dramatic rise to $22,809.09 in 2021. This volatility could be a key factor for potential investors and residents to evaluate the financial landscape, as these trends may reflect underlying economic shifts or policy changes affecting taxpayers in the area.
Average Total Tax Liability Per Tax Return in Stevens County, MN Over the Last 10 Years
Over the past decade, Stevens County, Minnesota has experienced significant fluctuations in average total tax liability per tax return, ranging from a low of approximately $8,861.58 in 2019 to a high of around $13,512.07 in 2012. Notable spikes occurred in 2014 and 2021, where liabilities returned to higher levels, suggesting variable economic conditions or policy changes influencing tax obligations. These trends could be key for investors, real estate agents, and insurance professionals as they reflect the economic volatility and its potential impact on financial planning and property valuations in the area.
Cost of Living in Stevens County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,197 | $1,504 | $1,738 | $1,234 | $1,284 |
| 1 adult 4 children | $1,197 | $1,228 | $1,353 | $1,234 | $1,455 |
| 2 adults 3 children | $1,197 | $1,229 | $1,496 | $1,234 | $1,031 |
| 1 adult 3 children | $1,197 | $1,003 | $1,111 | $1,234 | $1,208 |
| 2 adults 2 children | $842 | $1,006 | $1,254 | $1,076 | $835 |
| 1 adult 2 children | $842 | $751 | $869 | $1,076 | $849 |
| 2 adults 1 child | $842 | $795 | $1,012 | $564 | $770 |
| 1 adult 1 child | $842 | $513 | $627 | $564 | $673 |
| 2 adults | $702 | $639 | $770 | $0 | $658 |
| 1 adult | $563 | $348 | $385 | $0 | $536 |
Safety trends & Data
Property crime in Stevens County, Minnesota has seen notable shifts over the past four years. While burglary rates remained low and steady, larceny-theft jumped significantly to 6.00 incidents in 2022 from just 1.00 in 2019. Newly emerging trends in fraud and motor vehicle theft since 2021 suggest changes in crime patterns that could impact investment decisions, development plans, and property valuations in the... Read more
Property Crime Trends in Stevens County, MN Over the Last 4 Years
Property crime in Stevens County, Minnesota has shown notable variations over the past four years. Burglary incidents have been relatively low and stable, while vandalism fluctuated slightly with minor peaks. Larceny-theft saw a significant jump in 2022, increasing to 6.00 incidents compared to just 1.00 in 2019. Fraud and motor vehicle theft emerged in 2021 and 2022 respectively, indicating newer crime trends. This fluctuating crime landscape may influence decisions for potential investors, developers, and insurance agents assessing property risk and value in the area.
Demographics
In Stevens County, Minnesota, the demographic landscape reveals slight gender parity with males edging out females by a small margin. The education level ranges significantly, with a substantial portion holding a high school diploma or attending some college. Younger age groups are prominently represented, but a considerable chunk of the population is also within the 55 to 64 years bracket, which could signal approaching retirement and potential shifts in local services demand. Ethnically, the... Read more
Race Distribution in Stevens County, Minnesota (2022)
Educational Attainment in Stevens County, Minnesota (2022)
Age Distribution in Stevens County, Minnesota
Citizen Population in Stevens County, Minnesota (2022)
Political Trends & Data
In Stevens County, Minnesota, the 2020 U.S. Presidential Election saw Republican candidates capturing about 60% of the vote, implying a possible leaning towards conservative policies. Democrats attracted just under 38%, while minor parties combined for less than 2%. This preference could impact local real estate dynamics, as conservative policies might influence property taxes, zoning laws, and development regulations, making the area potentially attractive for specific buyer... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Stevens County, Minnesota, Republican candidates appeared to have a noticeable lead in the 2020 U.S. Presidential Election, capturing around 60% of the vote. Democrats seemed to trail with just under 38%, while minor parties such as the Libertarian and Green parties collectively garnered less than 2%. This trend suggests a potential preference for conservative policies among the county's electorate, although a closer analysis would be necessary for definitive conclusions.
59.86% of voters voted for the Republican party in the 2020 Presidential Election
37.80% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
1.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Stevens County, Minnesota has experienced a fluctuating student-to-teacher ratio over the past decade, reaching highs of 16 and lows of 10 students per teacher. As of now, the ratio has stabilized at 14, aligning closely with the national average. These trends might catch the eye of real estate investors, families pondering relocation, and even appraisers and insurance agents, as a lower ratio could signal more personalized education and make the area more... Read more
Student-to-teacher ratio in Stevens County, Minnesota over the last 10 years
Stevens County, Minnesota has seen its student-to-teacher ratio fluctuate over the past decade, with values ranging from 9 to 16 students per teacher. Notably, the ratio peaked at 16 in 2019 and reached a low of 10 in 2020. Recently, the ratio has stabilized around 14 students per teacher, aligning it closely with the national average of 14 students per teacher. These changes might influence decisions for real estate investors, families considering relocation, appraisers, and insurance agents, as a lower student-to-teacher ratio could indicate more personalized education, potentially making the area more attractive.
