Watonwan County Real Estate and Livability Trends
In Watonwan County, Minnesota, the median home values have increased from $93,400 in 2015 to $119,200 in 2022, still staying below state and national levels, making the area attractive for investors or new residents. Real estate taxes have seen a steady rise from $1,655.32 in 2012 to $2,669.23 in 2020, possibly indicating county development or changes in tax rates. Interestingly, the number of... Read more
Watonwan County Market Trends
Watonwan County, Minnesota, has seen its median home values rise from $93,400 in 2015 to $119,200 in 2022, yet still remain below state and national levels. This makes it an appealing option for potential investors or new residents given its lower entry price and potential for appreciation. Residential energy tax credits have been inconsistent, highlighting the need for careful financial planning... Read more
Median Value of Occupied Housing Units in Watonwan County, Minnesota Over the Last 8 Years
Watonwan County, Minnesota has seen consistent growth in median home values over the past eight years, jumping from $93,400 in 2015 to $119,200 in 2022. This increase, while significant locally, shows that Watonwan County homes remain priced lower than homes both statewide and across the United States. In comparison, Minnesota's median home value increased from $186,200 to $286,800, and the national median moved from $125,500 to $179,400 over the same period. Potential investors or new residents may find Watonwan County an attractive option due to its relatively lower entry price, which suggests room for appreciation given broader market trends.
Residential Energy Tax Credit Per Tax Return in Watonwan County, MN Over the Last 8 Years
Watonwan County, Minnesota has experienced fluctuating residential energy tax credits per tax return over the last eight years, peaking at $422.22 in 2015 and dropping to a low of $183.33 in 2020. This variability makes it crucial for potential investors and homeowners to consider the financial benefits of energy-efficient improvements. Real estate agents and appraisers might find these trends useful when advising clients about property values, while insurance agents could factor in these credits when assessing risk profiles. Building property in this region might come with potential tax relief benefits, but the inconsistency suggests cautious planning.
Average Real Estate Taxes Per Tax Return in Watonwan County, MN Over the Last 10 Years
Over the last decade, Watonwan County, Minnesota has seen some notable trends in real estate taxes per tax return. Starting from $1,655.32 in 2012, a dip in 2014 to $1,477.01 can be observed, followed by a steady rise from 2016 onwards, peaking at $2,669.23 in 2020. This upward trend suggests potentially growing property values or changing tax rates, which may be indicative of economic development or shifts within the county that might interest investors, real estate agents, and others focused on property dynamics.
Percentage of Farm Returns in Watonwan County, MN Over the Last 10 Years
The percentage of farm tax returns in Watonwan County, Minnesota has seen a general downward trend over the past decade, moving from approximately 9.18% in 2012 to around 8.10% in 2021. Farm tax returns provide a glimpse into the agricultural economy of the area, reflecting the financial health and economic contributions of farm operations. These figures could indicate shifts in farming profitability or changes in the demographic profile of those filing taxes on agricultural income. For investors, developers, or potential residents, understanding these trends gives context to the economic stability and business environment of the county, impacting property values and development opportunities.
Number of Mortgages by Occupancy Type in Watonwan County, MN Over the Last 5 Years in Watonwan County
In Watonwan County, Minnesota, the number of mortgages for principal residences has fluctuated significantly over the past five years, peaking in 2021 with 454 but dropping back to 280 in 2022. Investment property mortgages have generally trended downward, moving from 29 in 2019 to just 11 in 2022. Meanwhile, mortgages for second residences have remained relatively low and stable, with slight variances. Changes in occupancy type might indicate shifting local economic conditions or lifestyle preferences. For investors and real estate agents, the decline in investment property mortgages could suggest a cooling market or reduced interest in real estate investment in the area. For those looking to move, the high fluctuation in principal residence mortgages could reflect changing affordability or desirability of the region. Appraisers and insurance agents might find that the dynamics of occupancy can influence property values and risk assessments.
Economic Outlook
In Watonwan County, Minnesota, the average taxable income per tax return has generally climbed from $48,832.71 in 2013 to $61,797.85 by 2021. The period between 2018 and 2021 saw a notable jump, hinting at a bolstering local economy or successful businesses boosting wages. While the state and local income taxes saw variability, spiking from $6,702.02 in 2012 to $9,914.29 in 2021, these shifts could point to economic or policy changes affecting residents. Total tax liabilities also fluctuated,... Read more
Average Taxable Income per Tax Return in Watonwan County, MN over the last 9 years
Over the past nine years, Watonwan County, Minnesota has generally seen a steady increase in the average taxable income per tax return. Back in 2013, the average was approximately $48,832.71, but by 2021, it had grown to around $61,797.85. This upward trend could be suggestive of either rising incomes or increased earnings from investments, making it interesting for potential investors, real estate agents, and anyone considering moving to or investing in the area. The jump in average taxable income from 2018 to 2021 could also imply a stronger local economy or successful local businesses contributing to higher wages or returns on investments.
Average State and Local Income Taxes Per Tax Return in Watonwan County, MN Over the Last 10 Years
Watonwan County, Minnesota has seen some significant fluctuations in average state and local income taxes per tax return over the past decade. From a low of around $6,702.02 in 2012 to a peak of approximately $9,914.29 in 2021, there’s been notable volatility. Such variations could suggest economic shifts or changes in tax policy impacting residents. For potential investors or those looking to build property, understanding these trends may inform financial strategies and decisions. Potential residents might need to consider how these tax rates could affect their overall cost of living in the area.
Average Total Tax Liability Per Tax Return in Watonwan County, MN Over the Last 10 Years
Over the past decade in Watonwan County, Minnesota, the average total tax liability per tax return has shown variable trends. After a peak at approximately $7,558.01 in 2012, the tax liability generally decreased with fluctuations until a notable rise to $7,862.20 in 2021. This fluctuation could potentially impact real estate valuation, insurance rates, and local investment opportunities as tax liabilities reflect broader economic conditions. For anyone looking to invest, move, or assess property in the area, these changes suggest a need for careful financial planning and assessment of how tax trends could influence overall property costs and returns.
Cost of Living in Watonwan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,464 | $2,007 | $1,234 | $1,299 |
| 1 adult 4 children | $1,174 | $1,195 | $1,566 | $1,234 | $1,482 |
| 2 adults 3 children | $1,174 | $1,196 | $1,726 | $1,234 | $1,061 |
| 1 adult 3 children | $1,174 | $976 | $1,285 | $1,234 | $1,221 |
| 2 adults 2 children | $826 | $979 | $1,445 | $1,076 | $853 |
| 1 adult 2 children | $826 | $731 | $1,004 | $1,076 | $851 |
| 2 adults 1 child | $826 | $774 | $1,163 | $564 | $778 |
| 1 adult 1 child | $826 | $500 | $722 | $564 | $644 |
| 2 adults | $731 | $622 | $882 | $0 | $655 |
| 1 adult | $552 | $339 | $441 | $0 | $517 |
Safety trends & Data
Property crime in Watonwan County, Minnesota has seen notable fluctuations over the past five years. Larceny-theft peaked at 23.0 cases in 2020 but declined to 9.0 by 2022, while fraud surged to 31.0 cases in 2019, dropping to 10.0 by 2022. Burglary saw a spike to 10.0 incidents in 2020 before decreasing, and vandalism peaked at 12.0 in 2019 before significantly declining. These trends offer insights into property security and law enforcement efficacy, which can be crucial for investors and... Read more
Property Crime Trends in Watonwan County, MN Over the Last 5 Years
Property crime in Watonwan County, Minnesota has shown notable fluctuations over the past five years. Larceny-theft consistently leads in frequency, peaking at 23.0 cases in 2020 but showing a downward trend to just 9.0 in 2022. Fraud cases surged to 31.0 in 2019 but dropped dramatically to 10.0 by 2022. Burglary saw a significant increase in 2020 with 10.0 incidents before reverting to lower levels. Instances of vandalism peaked at 12.0 in 2019 but have significantly decreased since then. These trends can offer valuable insights for potential investors, real estate professionals, and residents as they reflect on factors affecting property security and law enforcement efficacy in the region.
Demographics
Watonwan County, Minnesota, exhibits a balanced gender distribution among adults, with a slight edge toward females. Educational attainment levels show a significant portion of the population has only a high school diploma or attended some college without earning a degree. Age distribution reveals a prominent base of individuals under 10 and an almost equally substantial senior population, indicating a mix of young families and aging residents. The racial composition is predominantly White,... Read more
Race Distribution in Watonwan County, Minnesota (2022)
Educational Attainment in Watonwan County, Minnesota (2022)
Age Distribution in Watonwan County, Minnesota
Citizen Population in Watonwan County, Minnesota (2022)
Political Trends & Data
Watonwan County, Minnesota demonstrated a strong conservative lean in the 2020 U.S. Presidential Election, with about 60% of voters siding with the Republican party. The Democratic party attracted around 38% of the vote, while minor parties like Libertarians and Greens barely made an impact, securing just over 1% collectively. This pattern might indicate a prevailing preference for conservative values within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Watonwan County in Minnesota showed a clear preference for the Republican party in the 2020 U.S. Presidential Election, with approximately 60% of the votes. The Democratic party garnered around 38%, which was significantly less but still notable. Minor parties, including Libertarians and Greens, collectively held just over 1% of the votes, indicating limited support for third-party candidates. This trend could suggest a strong lean towards conservative values in the area.
59.66% of voters voted for the Republican party in the 2020 Presidential Election
38.20% of voters voted for the Democrat party in the 2020 Presidential Election
0.54% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
1.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Watonwan County, Minnesota, has experienced significant fluctuations in its student-to-teacher ratio, seeing highs of 24 students per teacher in 2016 and lows of 12 in 2019. However, recent years show stabilization around the national average of 14. Such variations could influence classroom dynamics, resource allocation, and overall education quality, which in turn can impact property values and the area's desirability. Investors and real estate agents might find this data... Read more
Student-to-teacher ratio in Watonwan County, Minnesota over the last 10 years
Over the last decade, Watonwan County, Minnesota has seen fluctuations in its student-to-teacher ratio, ranging from a high of 24 students per teacher in 2016 to a notable low of 12 in 2019. Despite these variations, recent years show a stabilizing trend around 14, which is in line with the national average of 14 students per teacher. Such changes in student-to-teacher ratios might impact classroom dynamics, resource allocation, and ultimately, the quality of education. For investors and real estate agents, these figures could be relevant as they can affect property values and the desirability of living in the area. For those looking to move or build property in Watonwan County, considering the educational environment might be a significant factor.
