Waseca County Real Estate and Livability Trends
Waseca County's housing market has seen median home values jump from $141,800 in 2015 to $191,800 in 2022, outpacing national trends, making it potentially attractive for investors and homebuyers. Real estate taxes have risen from $2,108.37 in 2012 to approximately $3,596.67 in 2020, reflecting increasing property values and higher financial planning needs for homeowners. A decrease in mortgages... Read more
Waseca County Market Trends
Waseca County's housing market has seen consistent growth in median home values, jumping from $141,800 in 2015 to $191,800 in 2022, outpacing national trends. This affordability paired with steady appreciation makes it a potentially attractive area for investors and homebuyers. Meanwhile, real estate taxes have risen from $2,108.37 in 2012 to approximately $3,596.67 in 2020, suggesting increasing... Read more
Median Value of Occupied Housing Units in Waseca County, Minnesota Over the Last 8 Years
Waseca County's housing market has seen consistent growth in median home values, jumping from $141,800 in 2015 to $191,800 in 2022. While the national median climbed from $125,500 to $179,400 over the same period, Waseca County outpaced these figures. Compared to the broader Minnesota market, which reached a median value of $286,800 in 2022, Waseca County remains more affordable yet on a similar upward trajectory. This steady rise suggests it could be a good time for potential investors or homebuyers to consider this locality, benefiting from a potentially appreciating asset in a cost-effective market.
Residential Energy Tax Credit Per Tax Return in Waseca County, MN Over the Last 8 Years
Over the last eight years in Waseca County, Minnesota, the average residential energy tax credit per tax return has shown significant fluctuations. Starting at $304.00 in 2013, the figures have fluctuated, peaking at $963.64 in 2019 before settling at $586.67 in 2021. Such variability could imply changing incentives or shifts in resident behavior towards energy efficiency investments. For investors and real estate agents, these trends might indicate shifts in home improvement activities. Appraisers and insurance agents might find this data relevant for assessing property value and risk assessment related to energy-efficient modifications.
Average Real Estate Taxes Per Tax Return in Waseca County, MN Over the Last 10 Years
For those looking at Waseca County in Minnesota, real estate taxes have shown a rising trend over the last decade, starting at $2,108.37 in 2012 and peaking at approximately $3,596.67 in 2020. This increase suggests that property values are likely appreciating, making it potentially profitable for investors and real estate agents. However, higher tax expectations should be factored into financial planning by potential homeowners, developers, appraisers, and insurance agents. The consistent upward trend might also indicate a growing demand for property, adding value to Waseca County's real estate market.
Percentage of Farm Returns in Waseca County, MN Over the Last 10 Years
Over the last decade, Waseca County, Minnesota, has seen percentages of farm tax returns floating around the 7.4% to 8.3% range annually. These figures reflect slight fluctuations but show steady overall trends. Farm tax returns can provide insight into the agricultural sector's economic contributions, indicating farm profitability, production scale, and overall investment health. For those considering property investment or relocation to Waseca County, awareness of farm returns can be vital in understanding the community's economic backbone and potential growth trajectory.
Number of Mortgages by Occupancy Type in Waseca County, MN Over the Last 5 Years in Waseca County
In Waseca County, Minnesota, mortgage counts for principal residences have shown significant fluctuations over the last five years, peaking in 2020 with 903 mortgages and decreasing to 533 by 2022. Investment properties and second residences, while remaining a smaller fraction of the market, also exhibit some variation, with investment properties mostly declining from 26 in 2018 to 18 in 2022. Changes in occupancy types can give a nuanced view of the housing market dynamics, indicating shifts in long-term vs. transient residency preferences and potential investment opportunities. For investors, understanding the trend towards or away from certain property types can guide more strategic decisions. Real estate agents and appraisers might tailor their services based on whether the market leans towards owner-occupied homes or more investment properties, impacting home values and market stability. Likewise, for future residents, these trends might influence neighborhood character and the availability of different property types.
Economic Outlook
In Waseca County, Minnesota, the average taxable income per tax return has surged from the low $50,000 range in 2013-2017 to $65,307.60 in 2021, suggesting possible local economic growth and increased earning potential. Concurrently, average state and local income taxes per tax return also rose sharply, reaching $9,162.50 by 2021 from $5,269.20 in 2012, indicating a growing financial commitment from residents. Additionally, total tax liability per tax return spiked to $8,675.27 in 2021 after a... Read more
Average Taxable Income per Tax Return in Waseca County, MN over the last 9 years
In Waseca County, Minnesota, the average taxable income per tax return has shown a steady increase over the last nine years, with a notable surge from 2018 onwards. While taxable income figures hovered around the low $50,000 range from 2013 to 2017, a significant jump occurred post-2017, culminating in an average of $65,307.60 in 2021. This upward trend may signal robust local economic growth and greater earning potential, making it a potentially lucrative area for real estate investments and appraisals.
Average State and Local Income Taxes Per Tax Return in Waseca County, MN Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Waseca County, Minnesota have shown a noticeable upward trend. Starting from $5,269.20 in 2012, this figure saw fluctuations but generally increased sharply, reaching $9,162.50 by 2021. Such a trend might be a factor for potential investors considering property development, as it suggests a growing financial commitment from residents which could influence local economic dynamics. This escalation could also impact decisions for those looking to move to the area, making it essential to weigh these financial elements alongside the county's other attributes.
Average Total Tax Liability Per Tax Return in Waseca County, MN Over the Last 10 Years
Waseca County, Minnesota has seen fluctuations in average total tax liability per tax return over the past decade, peaking in 2021 at $8675.27 after a relatively stable period from 2012 to 2020, where values generally hovered between $6700.00 and $7500.00. This recent spike could indicate changes in local economic conditions or tax policies, potentially impacting future financial planning for residents and stakeholders. Understanding these trends can be crucial for investors, builders, and insurance agents seeking to assess the fiscal health and future growth potential of the area.
Cost of Living in Waseca County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,560 | $2,256 | $1,445 | $1,527 |
| 1 adult 4 children | $1,174 | $1,274 | $1,763 | $1,445 | $1,695 |
| 2 adults 3 children | $1,174 | $1,275 | $1,939 | $1,445 | $1,256 |
| 1 adult 3 children | $1,174 | $1,041 | $1,446 | $1,445 | $1,418 |
| 2 adults 2 children | $826 | $1,043 | $1,621 | $1,256 | $981 |
| 1 adult 2 children | $826 | $779 | $1,128 | $1,256 | $1,002 |
| 2 adults 1 child | $826 | $825 | $1,304 | $641 | $855 |
| 1 adult 1 child | $826 | $533 | $811 | $641 | $733 |
| 2 adults | $628 | $663 | $986 | $0 | $673 |
| 1 adult | $623 | $361 | $493 | $0 | $558 |
Safety trends & Data
Waseca County, Minnesota has experienced notable shifts in property crime trends over the past five years. Burglary saw a sharp increase in 2021, hitting 37.00 cases, while larceny-theft peaked at 41.00 incidents in 2019 before dipping in the following years. Vandalism also rose to 26.00 cases in 2021, highlighting growing concerns about property damage. Although fraud had a spike in 2019 at 18.00 instances, it has since declined. Meanwhile, arson and motor vehicle theft have stayed relatively... Read more
Property Crime Trends in Waseca County, MN Over the Last 5 Years
Waseca County, Minnesota has seen fluctuating property crime trends over the past five years. Notably, burglary spiked significantly to 37.00 cases in 2021, a sharp increase from preceding years. Larceny-theft hovered around its peak in 2019 with 41.00 incidents, but saw a dip in subsequent years. Interestingly, vandalism increased notably to 26.00 cases in 2021, reflecting a growing concern for property damage. Fraud showed a notable rise in 2019 with 18.00 cases, but has since declined. Arson and motor vehicle theft remained relatively low but consistent, with slight variances year-on-year.
Demographics
Waseca County, Minnesota, shows interesting population dynamics with a near-equal split between males (6,864) and females (7,390). Educational attainment is diverse; while the largest group has high school diplomas (4,594), a significant number have pursued higher education, with 2,150 holding Bachelor's degrees and 725 having graduate or professional degrees. The age distribution suggests a balanced mix across various age groups, though there's a notable presence of residents aged 35 to 44... Read more
Race Distribution in Waseca County, Minnesota (2022)
Educational Attainment in Waseca County, Minnesota (2022)
Age Distribution in Waseca County, Minnesota
Citizen Population in Waseca County, Minnesota (2022)
Political Trends & Data
Waseca County, Minnesota's 2020 U.S. Presidential Election results hint at a prevailing conservative inclination, with the Republican party potentially commanding about 63.8% of the votes. In contrast, the Democratic party might have secured around 33.7%. Minor parties like the Libertarian and Green parties collectively gathered roughly 1.5% of the vote, reflecting a minute presence. Such a voting pattern could suggest a strong conservative base in the area, influencing various local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Waseca County, Minnesota, the Republican party seemingly dominated the 2020 U.S. Presidential Election with approximately 63.8% of votes, vastly outpacing the Democrats who garnered around 33.7%. Minor parties like the Libertarian and Green parties captured marginal shares of the vote, accounting for roughly 1.2% and 0.3% respectively. This data possibly indicates a strong conservative preference in this county during the last election cycle.
63.76% of voters voted for the Republican party in the 2020 Presidential Election
33.65% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Green party in the 2020 Presidential Election
1.08% of voters voted for the Other party in the 2020 Presidential Election
School Data
Waseca County, Minnesota, has maintained a student-to-teacher ratio ranging from about eleven to slightly over thirteen over the past decade, typically lower than the national average of fourteen. This trend could indicate smaller class sizes, usually implying more individualized attention for students, which could translate to higher educational outcomes. For families valuing education, this makes Waseca County potentially more attractive. Investors, appraisers, and real estate agents may... Read more
Student-to-teacher ratio in Waseca County, Minnesota over the last 10 years
Over the past decade, Waseca County, Minnesota, has seen its student-to-teacher ratio fluctuate between approximately eleven students per teacher and a bit over thirteen, noticeably lower than the current national average of fourteen students per teacher. While the numbers show some variance, they generally indicate smaller class sizes, which typically suggest more individualized attention for students and potentially higher educational outcomes. This trend might make Waseca County an appealing location for families prioritizing education. For investors, appraisers, and real estate agents, understanding these trends can provide a clearer picture of the local quality of education, factoring into property valuations and the attractiveness of the area for new residents.
