Todd County Real Estate and Livability Trends
Todd County, Minnesota has experienced a noticeable increase in average taxable income per tax return, from $41,792.13 in 2013 to $61,118.42 in 2021, suggesting potential economic growth and improved employment prospects. The median home values have also climbed from $131,400 in 2015 to $173,200 in 2022, showing rising housing demand. Real estate taxes have almost doubled, reflecting higher... Read more
Todd County Market Trends
Todd County, Minnesota's median home values have risen from $131,400 in 2015 to $173,200 in 2022, indicating a potential uptick in housing demand. Despite being below Minnesota's average of $286,800, these values are close to the national median, offering future appreciation possibilities. Residential energy tax credits in the county have fluctuated, peaking at $2,450.00 in 2018, possibly due to... Read more
Median Value of Occupied Housing Units in Todd County, Minnesota Over the Last 8 Years
Todd County, Minnesota has seen a steady rise in median home values over the last 8 years, reaching $173,200 in 2022 from $131,400 in 2015. This trend could indicate a growing demand for housing in the area. While still below the state average of $286,800, Todd County's median values are somewhat in line with national trends, where the median home value hit $179,400 in 2022. This suggests potential for appreciation, making it an enticing option for investors or those looking to move.
Residential Energy Tax Credit Per Tax Return in Todd County, MN Over the Last 9 Years
Over the last nine years, Todd County, Minnesota, has seen significant fluctuations in the average residential energy tax credit per tax return. While the credit hovered around $300.00 to $460.00 between 2013 and 2017, it spiked dramatically to $2,450.00 in 2018 before settling to more moderate levels around $550.00 to $788.89 in subsequent years. This volatility could indicate changing local or federal energy policies, shifts in homeowner investments in energy-efficient improvements, or variations in the availability of eligible credits. Investors, real estate agents, and those considering moves to Todd County should be aware of these patterns as they may influence property values, investment opportunities, and long-term cost savings in the region.
Average Real Estate Taxes Per Tax Return in Todd County, MN Over the Last 10 Years
Over the past decade, Todd County, Minnesota has experienced a notable increase in average real estate taxes per return, reflecting broader economic trends and likely rising property values. From $2,209.86 in 2012, the average tax amount has climbed to $3,596.77 in 2021. This upward trajectory suggests increased demand for properties, which may interest investors and real estate agents looking for potential market growth. Potential homeowners and insurance agents should consider these rising costs when planning for future liabilities and property valuations.
Percentage of Farm Returns in Todd County, MN Over the Last 10 Years
Farm tax returns in Todd County, Minnesota show a subtle but consistent decline over the past decade, dropping from roughly 14.94% in 2012 to about 12.89% in 2021. This trend might suggest a gradual shift away from traditional farming or changes in the local agricultural economy. For those looking to invest, move, or build property in Todd County, understanding this evolution could inform decisions about the area's economic stability and future development plans. It hints at potential diversifications in land use or shifts in the community's economic base that prospective residents or investors should consider.
Number of Mortgages by Occupancy Type in Todd County, MN Over the Last 5 Years in Todd County
Over the past five years, Todd County, Minnesota has seen significant fluctuations in mortgage counts for different occupancy types. Principal residences consistently dominate mortgage originations, peaking in 2021 with 1,083 mortgages, likely reflecting market shifts or economic conditions. Meanwhile, investment property and second residence mortgages have remained relatively stable but saw minor increases or decreases across the years. These changes in occupancy type could potentially impact various stakeholders; investors might discern local market stability from steady investment property trends, while real estate agents and builders might focus on the rising demand in principal residences. Insurance agents and appraisers may also infer risk levels and property value trends based on these dynamics, affecting overall market assessments.
Economic Outlook
Todd County, Minnesota has seen a significant rise in average taxable income per tax return from $41,792.13 in 2013 to $61,118.42 by 2021, hinting at possible economic growth and better employment prospects. Concurrently, the average state and local income taxes per tax return have surged from $4,970.00 in 2012 to $13,621.88 in 2021, indicating potential changes in economic conditions or tax policies. Additionally, the average total tax liability per tax return increased from $5,276.55 in 2012... Read more
Average Taxable Income per Tax Return in Todd County, MN over the last 9 years
Over the past nine years, Todd County, Minnesota has shown a notable upward trend in average taxable income per tax return, rising from approximately $41,792.13 in 2013 to around $61,118.42 by 2021. This steady increase suggests potential economic growth and possibly enhanced employment opportunities or wage increments. For investors, real estate agents, appraisers, and insurance agents, this is a positive indicator of the area's financial health and stability. It could potentially signal an appealing investment climate and a growing market for housing and business development.
Average State and Local Income Taxes Per Tax Return in Todd County, MN Over the Last 10 Years
Over the last decade, Todd County, Minnesota has experienced a notable increase in average state and local income taxes per tax return. With a substantial rise from approximately $4,970.00 in 2012 to $13,621.88 in 2021, the trend could suggest shifts in economic conditions or tax policies affecting residents. Such an upward trajectory might be important for potential investors, property developers, and those considering a move to the area, indicating changing financial landscapes and possibly evolving public services funded through these tax revenues.
Average Total Tax Liability Per Tax Return in Todd County, MN Over the Last 10 Years
Over the last decade, Todd County, Minnesota has experienced a notable rise in average total tax liability per tax return. From $5,276.55 in 2012, the figure has climbed substantially, reaching $8,449.46 by 2021. This escalation, particularly marked from 2019 onwards, could be of interest to potential investors and property developers considering the long-term financial environment. Real estate agents and appraisers might also find these trends significant as they suggest an increasing fiscal responsibility for residents, which may impact property valuations and insurance premiums.
Cost of Living in Todd County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,105 | $1,480 | $1,855 | $1,445 | $1,344 |
| 1 adult 4 children | $1,105 | $1,209 | $1,446 | $1,445 | $1,549 |
| 2 adults 3 children | $1,105 | $1,209 | $1,596 | $1,445 | $1,109 |
| 1 adult 3 children | $1,105 | $987 | $1,187 | $1,445 | $1,289 |
| 2 adults 2 children | $826 | $990 | $1,337 | $1,256 | $913 |
| 1 adult 2 children | $826 | $739 | $928 | $1,256 | $947 |
| 2 adults 1 child | $826 | $782 | $1,078 | $641 | $807 |
| 1 adult 1 child | $826 | $505 | $668 | $641 | $687 |
| 2 adults | $721 | $628 | $819 | $0 | $659 |
| 1 adult | $552 | $343 | $409 | $0 | $533 |
Safety trends & Data
Todd County, Minnesota is seeing fluctuating property crime trends. Larceny-theft has been relatively consistent, peaking at 18 incidents in 2019. While burglary incidents notably decreased from 8 in 2018 to just 2 in 2021, a resurgence to 5 in 2022 suggests instability. Vandalism saw an increase to 11 incidents in 2021, only to drop to 3 in 2022. Fraud and motor vehicle theft show variability but no clear trends. These unpredictable crime patterns are important for potential investors and... Read more
Property Crime Trends in Todd County, MN Over the Last 5 Years
Todd County, Minnesota has seen fluctuating property crime trends over the last five years, with noticeable variations in different crime categories. Larceny-theft emerges as a relatively consistent issue, peaking at 18 incidents in 2019. While burglary incidents have notably decreased from 8 in 2018 to just 2 in 2021, a resurgence to 5 incidents in 2022 suggests instability. Vandalism also sees inconsistency, with an increase to 11 incidents in 2021 before dropping back to 3 in 2022. Fraud and motor vehicle theft show variability but no clear upward or downward trends. These fluctuations highlight an unpredictable crime landscape that potential investors and residents should consider when evaluating the safety and stability of the county.
Demographics
Todd County, Minnesota, shows a slight male majority with around 51.5% male adults. Educational attainment trends suggest that nearly one in three adults has only a high school diploma, while a smaller fraction, roughly 6-7%, holds a graduate degree. Age-wise, the population skews older, with a notable percentage over 55 years of age. Racially, the county is predominantly white, with approximately 97% identifying as such, which hints at relatively low racial... Read more
Race Distribution in Todd County, Minnesota (2022)
Educational Attainment in Todd County, Minnesota (2022)
Age Distribution in Todd County, Minnesota
Citizen Population in Todd County, Minnesota (2022)
Political Trends & Data
In Todd County, Minnesota, about 73.6% of the votes in the 2020 U.S. Presidential Election went to the Republican party, indicating a strong Republican presence. Democratic support stood at around 24.8%, with minimal backing for third parties like the Libertarian and Green parties, who collectively captured less than 2% of the vote. This voting pattern suggests a solid GOP foothold that might shape local political dynamics and policy preferences, reinforcing a preference for the conventional... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Todd County, Minnesota, might illustrate strong Republican support, with approximately 73.6% of the votes going to the Republican party in the 2020 U.S. Presidential Election. Democratic representation seems relatively modest at around 24.8%, while other parties, including the Libertarian and Green parties, together accounted for less than 2% of the total votes. This distribution could suggest a solid Republican foothold, potentially influencing local political dynamics and policy preferences. The limited support for third parties might indicate a general preference for the predominant two-party system in this area.
73.57% of voters voted for the Republican party in the 2020 Presidential Election
24.79% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.83% of voters voted for the Other party in the 2020 Presidential Election
School Data
Todd County, Minnesota has exhibited fluctuating student-to-teacher ratios over the past decade, generally aligning with the national average of fourteen students per teacher. With ratios typically ranging from thirteen to nineteen, a 2022 outlier of nearly seventy students per teacher suggests an anomaly or data error. These educational variations could impact neighborhood desirability, influencing property values and long-term risks, which are critical for investors, real estate agents, and... Read more
Student-to-teacher ratio in Todd County, Minnesota over the last 10 years
The student-to-teacher ratio in Todd County, Minnesota has shown significant fluctuation over the last decade. Comparing this to the national average of fourteen students per teacher, the county generally aligns closely, with ratios ranging from thirteen to nineteen in most years. However, an outlier in 2022 with a ratio of nearly seventy stands out, suggesting an anomaly or data reporting issue. Investors, real estate agents, and those looking to move to Todd County should consider these variations as they may impact the perceived quality of education and, consequently, neighborhood desirability and property value trends. Appraisers and insurance agents might also heed these changes as they could influence long-term risks and valuations in the area.
