Swift County Real Estate and Livability Trends
Swift County, Minnesota has seen rising average taxable income per tax return, from $57,326.51 in 2020 to $65,502.21 in 2021, possibly indicating economic growth. Median home values increased to $132,400 in 2022, suggesting affordability compared to the state median of $286,800. Real estate taxes hit a peak at $2,711.11 in 2020, which might reflect climbing property values or increased municipal... Read more
Swift County Market Trends
In Swift County, Minnesota, median home values increased to $132,400 in 2022, still falling short of the state median of $286,800 but showcasing more affordability compared to national figures. Real estate taxes have steadily risen, peaking at $2,711.11 in 2020, hinting at climbing property values or higher municipal funding needs. The percentage of farm tax returns has been stable around... Read more
Median Value of Occupied Housing Units in Swift County, Minnesota Over the Last 8 Years
Median home values in Swift County, Minnesota, have seen a notable uptick over the past eight years, reaching $132,400 in 2022. This growth, while steady, remains significantly below Minnesota's state median, which hit $286,800 in the same year. Compared to national figures, where the median climbed to $179,400, Swift County presents a more affordable option with potential for appreciation. These trends might entice investors and homebuyers looking for rising yet budget-friendly markets, or those considering building new properties in a promising location.
Residential Energy Tax Credit Per Tax Return in Swift County, MN Over the Last 8 Years
Swift County, Minnesota has seen notable fluctuations in the average residential energy tax credit per tax return over the past eight years. The highest spikes were in 2013 and 2016, reaching approximately $473.33 and $500.00 respectively, indicating possible peaks in either energy-efficient investments or tax credit policy changes. On the lower end, 2014 and 2017 saw averages dip to $200.00 and $175.00. For those investing in energy-efficient upgrades or concerned with sustainable living, these trends may highlight periods of higher incentives in Swift County. Real estate investors, appraisers, and insurance agents should consider these variations when evaluating the market and potential future investments.
Average Real Estate Taxes Per Tax Return in Swift County, MN Over the Last 10 Years
Swift County, Minnesota has seen a noticeable increase in average real estate taxes per tax return over the past decade. Starting around $1,788.00 in 2012, there was a fluctuating trend until 2015, after which taxes rose more consistently, peaking at approximately $2,711.11 in 2020. Despite a slight drop to $2,400.00 in 2021, the overall trajectory suggests a climbing tax burden. This trend could indicate rising property values or increased municipal funding needs, impacting appraisals, insurance rates, and potentially shaping investment strategies and housing affordability.
Percentage of Farm Returns in Swift County, MN Over the Last 10 Years
In the past decade, the percentage of farm tax returns in Swift County, Minnesota has hovered around the 12% to 13% mark, showing slight fluctuations year over year. This indicates a relatively stable agricultural presence in the county, which could suggest consistent farm operations and a potentially stable local economy. For those considering investing, building property, or moving to Swift County, this trend might imply a resilient farming community, contributing to the area’s economic fabric and potentially offering related business opportunities.
Number of Mortgages by Occupancy Type in Swift County, MN Over the Last 5 Years in Swift County
Over the past five years in Swift County, Minnesota, the number of mortgages for principal residences has consistently outpaced those for investment and second properties. The noticeable spike in 2020 and 2021 for principal residences may suggest an increased demand for primary living spaces during the pandemic. This trend could be insightful for real estate agents and investors as it indicates a potential growth in the local housing market. Changes in occupancy types affect property values, insurance assessments, and investment strategies as they reflect community stability and housing demand diversity. Discerning such fluctuations can guide decisions for new construction projects, mortgage lending practices, and overall market positioning.
Economic Outlook
Swift County, Minnesota has experienced a gradual increase in average taxable income per tax return over the last nine years, jumping from $57,326.51 in 2020 to $65,502.21 in 2021. This rising income trend could suggest economic growth and increased earning potential, enticing potential investors, real estate agents, and prospective residents. Average state and local income taxes per tax return have fluctuated, peaking at $9,836.36 in 2021, hinting at varying tax burdens that could influence... Read more
Average Taxable Income per Tax Return in Swift County, MN over the last 9 years
Swift County, Minnesota has experienced a gradual increase in average taxable income per tax return over the last nine years, with a notable jump from $57,326.51 in 2020 to $65,502.21 in 2021. This upward trend could suggest economic growth and increased earning potential for residents, which may be of interest to potential investors, real estate agents, and individuals considering a move to or within the county. Despite some fluctuations, the general rise in income levels presents a positive indicator for local economic health and stability.
Average State and Local Income Taxes Per Tax Return in Swift County, MN Over the Last 10 Years
Over the last decade, Swift County, Minnesota has seen fluctuations in average state and local income taxes per tax return, ranging from a low of $7,354.05 in 2016 to a peak of $9,836.36 in 2021. Notable shifts include a significant dip in 2016 followed by a gradual increase, reflecting possible changes in local economic conditions or tax policies. For those eyeing investment or relocation, these trends could signify varying levels of tax burden, which may impact financial planning and overall cost of living considerations.
Average Total Tax Liability Per Tax Return in Swift County, MN Over the Last 10 Years
Swift County, Minnesota has seen fluctuations in the average total tax liability per tax return over the last decade. Notably, the lowest average was $7,065.86 in 2019, while the highest was $8,913.32 in 2021. Years like 2016 and 2017 had lower averages around $7,531.44 and $7,680.11 respectively, potentially indicating periods of reduced tax burdens or economic shifts. This trend can be insightful for investors, real estate agents, or prospective residents assessing the financial and economic landscape of the county.
Cost of Living in Swift County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,476 | $1,799 | $1,234 | $1,147 |
| 1 adult 4 children | $1,005 | $1,205 | $1,401 | $1,234 | $1,319 |
| 2 adults 3 children | $1,005 | $1,206 | $1,548 | $1,234 | $926 |
| 1 adult 3 children | $1,005 | $984 | $1,150 | $1,234 | $1,068 |
| 2 adults 2 children | $826 | $987 | $1,297 | $1,076 | $815 |
| 1 adult 2 children | $826 | $737 | $899 | $1,076 | $813 |
| 2 adults 1 child | $826 | $780 | $1,046 | $564 | $747 |
| 1 adult 1 child | $826 | $504 | $648 | $564 | $618 |
| 2 adults | $628 | $627 | $795 | $0 | $597 |
| 1 adult | $552 | $342 | $397 | $0 | $502 |
Safety trends & Data
Swift County, Minnesota's property crime landscape has seen significant fluctuations over the last five years, with fraud peaking at 11 cases in 2018 before tapering off, and burglary incidents modestly increasing from 1 case in 2018 to 3 in 2020, then dropping to 2 by 2022. Vandalism was relatively high in 2018 with 8 cases but saw a notable decline to just 1 case by 2021, while larceny-theft varied, peaking at 5 cases in 2020 and decreasing to 1 by 2022. This mixed crime trend could signal... Read more
Property Crime Trends in Swift County, MN Over the Last 5 Years
Swift County, Minnesota has experienced fluctuating property crime rates over the last five years, with notable variations in different categories. The most frequent offenses included fraud, peaking at 11 cases in 2018 before tapering off. Burglary incidents saw a modest increase from 1 case in 2018 to 3 in 2020, dropping again to 2 by 2022. Vandalism was relatively high in 2018 with 8 cases but declined to just 1 case by 2021. Larceny-theft incidents varied, with 5 in 2020, decreasing to 1 by 2022. The data suggests that while Swift County's property crime landscape is mixed, some types of crime, like fraud and vandalism, are seeing a general decline, potentially indicating effective measures against such crimes. This information is particularly relevant for potential investors, real estate agents, and residents, highlighting both risks and improvements in the area’s safety profile over time.
Demographics
Swift County, Minnesota displays a closely balanced gender distribution with males and females both making up nearly half of the adult population. Educational attainment tends to lean heavily towards high school graduates, while a smaller fraction hold bachelor's or graduate degrees. The age distribution indicates a significant portion of the population is over 55 years old, which might suggest an aging demographic. Racially, the population is predominantly White with very small representations... Read more
Race Distribution in Swift County, Minnesota (2022)
Educational Attainment in Swift County, Minnesota (2022)
Age Distribution in Swift County, Minnesota
Citizen Population in Swift County, Minnesota (2022)
Political Trends & Data
In Swift County, Minnesota, the 2020 U.S. Presidential Election results reveal a strong Republican leaning with around 64% of the votes, highlighting a significant conservative influence. Democrats received about 34%, showing substantial but lesser support. Minor parties like the Libertarians and Greens captured less than 1%, indicating limited appeal for alternative platforms. These insights might help understand local political dynamics and voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Swift County, Minnesota, the 2020 U.S. Presidential Election saw a notable Republican lead with approximately 64% of the votes, hinting at a strong conservative presence. Democrats garnered about 34% of the vote, suggesting a significant but lesser influence. Minor parties such as the Libertarians and Greens received minimal support, each capturing less than 1% of the votes, which might indicate limited traction among voters for alternative political platforms. This voting distribution could provide insights into local political dynamics and voter priorities within the county.
63.86% of voters voted for the Republican party in the 2020 Presidential Election
34.35% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.77% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Swift County, Minnesota, the student-to-teacher ratio has seen notable shifts over the past decade, peaking at nearly 35 in 2014 and then dropping to just under 13 in 2016, with recent years stabilizing between 12 and 18. This could influence property values and demand, as lower ratios typically suggest a more favorable educational environment compared to the national average of 14. For those in real estate, understanding these trends may be key to making informed investment and relocation... Read more
Student-to-teacher ratio in Swift County, Minnesota over the last 10 years
Over the past decade, the student-to-teacher ratio in Swift County, Minnesota, has experienced significant fluctuations, peaking at nearly 35 in 2014 before dropping sharply to just under 13 in 2016 and stabilizing somewhat between 12 and 18 in recent years. These changes potentially affect property values and desirability, as lower student-to-teacher ratios often signal a beneficial educational environment compared to the national average of 14. For real estate agents, investors, and those considering moving to the area, understanding these trends can help in making informed decisions. For insurance agents and appraisers, variations in this ratio might indicate shifts in community stability and resource allocation.
