Wabasha County Real Estate and Livability Trends
In Wabasha County, Minnesota, the rise in average taxable income from $53,192.17 in 2013 to $73,310.88 in 2021 could indicate economic growth and job market strength, attractive to real estate investors. However, the doubling of average state and local income taxes might impact financial planning, a key consideration for potential buyers. Median home value has climbed to $230,400 in 2022, showing... Read more
Wabasha County Market Trends
Wabasha County, Minnesota's median home value hit $230,400 in 2022, still trailing the state median of $286,800 but above the national median of $179,400. This may hint at affordable yet promising investment opportunities compared to the broader Minnesota market. The county's average residential energy tax credit spiked to $4,566.67 in 2018, reflecting a possible uptick in energy-efficient home... Read more
Median Value of Occupied Housing Units in Wabasha County, Minnesota Over the Last 8 Years
Wabasha County, Minnesota has seen an upward trajectory in median home values over the past eight years, reaching $230,400 in 2022. This figure, while impressive, is still lower than the state median of $286,800, indicating that there may be more affordable real estate opportunities in the county compared to the broader Minnesota market. However, the county’s home values are well above the national median of $179,400, suggesting a strong local housing market that could be appealing to investors and homebuyers looking for solid growth potential in a less competitive market compared to other parts of the state.
Residential Energy Tax Credit Per Tax Return in Wabasha County, MN Over the Last 9 Years
Wabasha County, Minnesota has seen notable fluctuations in the average residential energy tax credit per tax return over the past nine years. After a modest $408.82 in 2013, the credit peaked dramatically in 2018 at $4,566.67, suggesting significant investments in energy-efficient home improvements that year. This variability might indicate evolving state incentives or homeowner engagement levels in energy-saving measures. For investors, real estate agents, and those considering moving here, these trends could imply a community increasingly committed to sustainability, potentially affecting property values and demand.
Average Real Estate Taxes Per Tax Return in Wabasha County, MN Over the Last 10 Years
Wabasha County, Minnesota, has seen a notable increase in average real estate taxes per tax return over the past decade. The average tax rose from around $2,577.57 in 2012 to approximately $4,154.17 by 2021. This trend could indicate rising property values or changes in tax policies, which may be crucial for prospective investors, real estate professionals, and those considering relocating to the area. Understanding these dynamics might help in estimating future costs and the potential return on investment.
Percentage of Farm Returns in Wabasha County, MN Over the Last 10 Years
Over the past decade, Wabasha County, Minnesota has seen a slight but consistent decline in the percentage of farm tax returns, dropping from approximately 8.58% in 2012 to around 7.10% by 2021. Farm tax returns provide essential insights into the agricultural income reported by farmers, impacting local economic indicators and policy decisions. For investors and potential residents, this trend can suggest shifts in the local economy, possibly indicating diverse economic opportunities or challenges in the agricultural sector. This data is crucial for understanding the economic landscape when making decisions about investments, moving to, or building property in Wabasha County.
Number of Mortgages by Occupancy Type in Wabasha County, MN Over the Last 5 Years in Wabasha County
In Wabasha County, Minnesota, mortgages for principal residences have significantly outpaced those for investment and second properties over the past five years. Notably, there was a peak in principal residence mortgages in 2020, with a notable drop by 2022. Investment property mortgages have remained relatively stable but low in comparison, while second residences show minor fluctuations, peaking slightly in 2020. This shift suggests a trend towards home ownership rather than investment, which could impact property valuations, insurance costs, and demand for residential development. For investors, this might mean a tougher market for rental properties, whereas potential homeowners might face competitive pricing but a community more focused on long-term residency.
Economic Outlook
Wabasha County, Minnesota has experienced a consistent increase in average taxable income per tax return, rising from $53,192.17 in 2013 to $73,310.88 in 2021. This trend may signal economic growth and potentially a strong job market, making the area appealing for real estate investments. However, the average state and local income taxes have nearly doubled, impacting residents’ financial planning decisions. The growing tax burden, evident by the rise in total tax liabilities, is crucial for... Read more
Average Taxable Income per Tax Return in Wabasha County, MN over the last 9 years
Over the past nine years, Wabasha County, Minnesota has seen a general upward trend in average taxable income per tax return, suggesting an encouraging economic environment. From $53,192.17 in 2013 to $73,310.88 in 2021, the consistent increase, particularly notable after 2017, might pique the interest of investors, real estate agents, and those looking to move here. This steady rise could indicate economic growth and potentially a robust job market, making the county an attractive option for property development and investments. Insurance agents and appraisers might also see this as a sign of increasing property values and higher incomes, impacting their assessments and services.
Average State and Local Income Taxes Per Tax Return in Wabasha County, MN Over the Last 10 Years
In Wabasha County, Minnesota, the average state and local income taxes per tax return have nearly doubled over the past decade, increasing from $5,517.50 in 2012 to $10,822.00 in 2021. This upward trend suggests a notable rise in tax burdens, which could influence decisions for those considering investment, relocation, or property development in the area. Potential residents or investors might weigh these increasing tax figures against the county's other benefits to gauge overall financial viability.
Average Total Tax Liability Per Tax Return in Wabasha County, MN Over the Last 10 Years
Investment in Wabasha County, Minnesota has potentially been impacted by a consistent increase in the average total tax liability per tax return over the last decade, reaching $10,392.83 in 2021. For those looking to move to or invest in the area, property owners and real estate agents might find it significant that tax burdens have more than slightly escalated, especially with the notable jump from 2019 to 2020. Tax planners and insurance agents should consider these fluctuations when assessing client needs or property values.
Cost of Living in Wabasha County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,379 | $2,373 | $1,902 | $1,673 |
| 1 adult 4 children | $1,174 | $1,126 | $1,864 | $1,902 | $1,859 |
| 2 adults 3 children | $1,174 | $1,127 | $2,035 | $1,902 | $1,401 |
| 1 adult 3 children | $1,174 | $920 | $1,525 | $1,902 | $1,595 |
| 2 adults 2 children | $826 | $922 | $1,696 | $1,666 | $1,077 |
| 1 adult 2 children | $826 | $689 | $1,187 | $1,666 | $1,165 |
| 2 adults 1 child | $826 | $729 | $1,357 | $897 | $913 |
| 1 adult 1 child | $826 | $471 | $848 | $897 | $809 |
| 2 adults | $727 | $586 | $1,019 | $0 | $697 |
| 1 adult | $593 | $319 | $509 | $0 | $549 |
Safety trends & Data
Property crime rates in Wabasha County, Minnesota, have shown notable fluctuations over the past five years. Larceny-theft incidents hit a high of 27 in 2021 but dropped dramatically to 12 in 2020. Fraud cases peaked at 16 in 2019 but fell to just 3 by 2022. Burglary numbers have stayed relatively constant, ranging from 4 to 8 incidents yearly. Interestingly, "Stolen Property" cases rose from 1 in 2018 to 6 in the following years. These trends suggest potential volatility that investors,... Read more
Property Crime Trends in Wabasha County, MN Over the Last 5 Years
Property crime rates in Wabasha County, Minnesota, have demonstrated some variability over the past five years. Larceny-theft appears to be the most frequent, peaking at 27 incidents in 2021, and exhibiting a significant variation from the low of 12 in 2020. Fraud incidents exhibited a notable spike in 2019, with 16 cases, but showed a marked decline to 3 by 2022. Burglary occurrences have remained fairly stable, fluctuating between 4 and 8 yearly. The data highlights an intriguing rise in incidents categorized under "Stolen Property" from 1 in 2018 to 6 in the subsequent years. With these shifting trends, potential investors, insurance agents, and residents might consider evaluating security measures and crime prevention strategies in the area.
Demographics
In Wabasha County, Minnesota, the adult population reveals a nearly even split between males and females. Educational attainment shows a significant portion of the population holds high school diplomas, but many also have some college experience or higher degrees, implying a relatively educated community. Age distribution suggests an older demographic, with substantial numbers in the 55 to 64 and 65 to 74 age brackets. The racial composition is predominantly White, with minimal representation... Read more
Race Distribution in Wabasha County, Minnesota (2022)
Educational Attainment in Wabasha County, Minnesota (2022)
Age Distribution in Wabasha County, Minnesota
Citizen Population in Wabasha County, Minnesota (2022)
Political Trends & Data
Wabasha County, Minnesota, may lean heavily Republican based on the 2020 Presidential Election data, with around 62.00% of votes potentially going to the Republican candidate. Democrats could have a noticeable presence but still trail at roughly 36.00%. Third parties, including Libertarian and Green, generally show minimal impact, possibly gathering just over 1.00% combined. This voting pattern might suggest a predominantly conservative community where non-major parties struggle to gain... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wabasha County, Minnesota, may lean significantly Republican judging by the 2020 Presidential Election data, with approximately 62% of votes potentially going to the Republican candidate. Democrats might have a notable presence but still trail behind at roughly 36%. Third parties, including Libertarian and Green, generally show minimal impact, possibly gathering just over 1% combined. This voting pattern could hint at a predominantly conservative community but one where non-major parties struggle to gain substantial traction.
62.13% of voters voted for the Republican party in the 2020 Presidential Election
35.78% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.82% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wabasha County, Minnesota has seen its student-to-teacher ratio swing dramatically over recent years, peaking at 21 in 2021 before settling around 18 in 2022 and 2023. These shifts may suggest economic changes, population growth, or educational policy changes, potentially influencing property values and community appeal for both families and... Read more
Student-to-teacher ratio in Wabasha County, Minnesota over the last 10 years
Wabasha County, Minnesota has experienced notable fluctuations in its student-to-teacher ratio over the past decade. From 2014 to 2020, the ratio gradually hovered around a comfortable 13 to 14 students per teacher, generally below or close to the U.S. national average of 14. However, a significant spike occurred in 2021 when the ratio shot up to 21 and, although it lowered slightly, remained high at approximately 18 in 2022 and 2023. These changes could be indicative of economic shifts, population growth, or educational policy adjustments, which may impact property values, job markets, and community attractiveness for families and investors.
