Wright County Real Estate and Livability Trends
Wright County, Minnesota has experienced a notable rise in median home values, soaring from $193,100 in 2015 to $310,900 in 2022, surpassing state and national trends. The average taxable income saw a steady climb from $63,380.12 in 2013 to $89,360.34 by 2021, mirroring the local job market's strength. Real estate taxes have generally increased over the last decade, indicating growing property... Read more
Wright County Market Trends
Wright County, Minnesota, has seen a notable surge in median home values, climbing from $193,100 in 2015 to $310,900 in 2022, outstripping both state and national trends. Residential energy tax credits spiked dramatically in 2018 to $3,588.89, hinting at a peak in energy-efficient upgrades, while recent figures hover between $700.00-$800.00. Over the last decade, real estate taxes have generally... Read more
Median Value of Occupied Housing Units in Wright County, Minnesota Over the Last 8 Years
Wright County, Minnesota has seen a steady rise in median home values, jumping from $193,100 in 2015 to $310,900 in 2022. This growth outpaces both the state's increase from $186,200 to $286,800 and the national trend, where values climbed from $125,500 to $179,400 over the same period. For investors or potential residents, Wright County offers a robust appreciation rate that may suggest solid long-term returns and growing demand in the area.
Residential Energy Tax Credit Per Tax Return in Wright County, MN Over the Last 9 Years
Residential energy tax credit data from Wright County, Minnesota over the past nine years reveals some intriguing fluctuations. Noticeable is the spike in 2018, reaching $3,588.89 on average, significantly higher than any other year, suggesting a peak in energy-efficient home upgrades or installations. Years like 2014 and 2015 also show higher averages exceeding $500.00, whereas more recent years like 2020 and 2021 average closer to $700.00-$800.00. These varying figures might indicate changing incentives, adoption rates of energy-efficient technologies, or shifts in tax policy. For investors and potential homeowners, understanding these trends could be key to forecasting future savings or gauging the local emphasis on sustainability.
Average Real Estate Taxes Per Tax Return in Wright County, MN Over the Last 10 Years
Over the last decade, Wright County, Minnesota, has seen fluctuating yet overall rising real estate taxes per tax return, with significant increases since 2016. For investors and property developers, this upswing could indicate burgeoning property values and potential for rental income growth. Real estate agents might leverage these trends to highlight market growth, whereas insurance agents could anticipate higher property values influencing premiums. While buyers might be cautious of the rising taxes, the potential for appreciating assets could still make it an appealing locale.
Percentage of Farm Returns in Wright County, MN Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Wright County, Minnesota has been on a gentle downward trend, starting at around 2.30% in 2012 and dipping to approximately 1.65% by 2021. Farm tax returns are indicators of agricultural activity, providing insights into the financial health and prevalence of farming in the area. This gradual decline could suggest a shift in the county's economic landscape, potentially reflecting a move away from agriculture towards other industries or usage of the land. This trend might be noteworthy for potential investors, new residents, and developers as it can influence property values, local economy, and community planning decisions.
Number of Mortgages by Occupancy Type in Wright County, MN Over the Last 5 Years in Wright County
Wright County, Minnesota shows significant variations in mortgage numbers pegged to occupancy type, with principal residences consistently dominating. Investment properties and second residences display far fewer mortgages. These shifts in occupancy types could hint at broader economic trends—like the rising cost of living driving a higher demand for principal residences. Real estate investors and developers might want to take note of the subdued yet steady interest in investment properties and second homes, potentially indicating niche opportunities. For appraisers and insurance agents, these trends could help refine risk assessments and property evaluations.
Economic Outlook
Wright County, Minnesota has seen a steady rise in its average taxable income per tax return from approximately $63,380.12 in 2013 to around $89,360.34 by 2021, marking a robust local job market and potential increases in property values. Concurrently, state and local income taxes climbed, with a noticeable jump from $5,917.12 in 2012 to $14,961.33 by 2021, reflecting broad economic dynamics impacting fiscal responsibilities. The average total tax liability also surged to $14,182.62 in 2021.... Read more
Average Taxable Income per Tax Return in Wright County, MN over the last 9 years
Wright County, Minnesota, has experienced a steady increase in its average taxable income per tax return over the past nine years, indicating a growing economic stability and prosperity within the region. Starting at approximately $63,380.12 in 2013, the average taxable income rose to about $89,360.34 by 2021, with notable jumps particularly between 2017 and 2021. This trend might suggest a robust local job market and potentially increasing property values, making it an interesting prospect for real estate investors, appraisers, and insurance agents who could be looking at upward adjustment in demand and pricing in this area.
Average State and Local Income Taxes Per Tax Return in Wright County, MN Over the Last 10 Years
Wright County, Minnesota has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at $5,917.12 in 2012, there has been a gradual rise each year, with a marked jump to $10,472.18 in 2018 and further to $14,961.33 in 2021. This trend could be important for those considering investment, property development, or relocation, as it might reflect broader economic and fiscal dynamics at play within the county.
Average Total Tax Liability Per Tax Return in Wright County, MN Over the Last 10 Years
The average total tax liability per tax return in Wright County, Minnesota has shown a noticeable upward trend over the past decade, culminating in $14,182.62 in 2021 from $9,071.80 in 2012. This gradual increase suggests a rising fiscal responsibility for residents, which could impact housing affordability and cost of living. Real estate agents and potential investors might see this as an indication of economic growth and potentially increased property values, while appraisers and insurance agents might need to adjust their assessments to reflect these changes. For those considering moving to or building in Wright County, these figures hint at an evolving financial landscape that should be factored into planning and budgeting.
Cost of Living in Wright County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,689 | $1,645 | $1,621 | $1,902 | $1,858 |
| 1 adult 4 children | $1,689 | $1,343 | $1,269 | $1,902 | $2,090 |
| 2 adults 3 children | $1,689 | $1,344 | $1,392 | $1,902 | $1,593 |
| 1 adult 3 children | $1,689 | $1,097 | $1,040 | $1,902 | $1,841 |
| 2 adults 2 children | $1,243 | $1,100 | $1,162 | $1,666 | $1,224 |
| 1 adult 2 children | $1,243 | $822 | $810 | $1,666 | $1,349 |
| 2 adults 1 child | $1,243 | $869 | $933 | $897 | $1,017 |
| 1 adult 1 child | $1,243 | $562 | $581 | $897 | $984 |
| 2 adults | $1,013 | $698 | $704 | $0 | $764 |
| 1 adult | $888 | $381 | $352 | $0 | $647 |
Safety trends & Data
Wright County, Minnesota has seen a significant reduction in certain property crimes over the past five years, with burglary and larceny-theft cases dropping to 24 and 289 in 2022 from 37 and 594 in 2018. This trend could suggest enhanced safety and security, potentially boosting the appeal of the area for real estate investors and newcomers. However, with arson and fraud cases staying relatively steady and issues like vandalism and motor vehicle theft not showing clear downward trends, some... Read more
Property Crime Trends in Wright County, MN Over the Last 5 Years
Over the past five years, Wright County, Minnesota has shown a noticeable decline in most property crime categories, particularly evident in burglary and larceny-theft cases, which dropped from 37 and 594 respectively in 2018 to 24 and 289 in 2022. Meanwhile, some categories like arson and fraud remained relatively stable, with slight fluctuations. This decreasing trend could potentially signal improved safety and security measures in the county, making it an increasingly attractive prospect for real estate investors and new residents. Vandalism and motor vehicle theft oscillated without a clear downward trend, highlighting areas that might still require attention from local authorities and community initiatives.
Demographics
Wright County, Minnesota exhibits a fairly balanced gender distribution among adults, with males slightly outnumbering females. Educational attainment indicates a community focused on higher education, with a significant portion holding associate's, bachelor's, or graduate degrees. The age distribution suggests a diverse population, with substantial numbers spanning across various age brackets, particularly between 25 to 54 years. The racial composition remains predominantly white, reflecting a... Read more
Race Distribution in Wright County, Minnesota (2022)
Educational Attainment in Wright County, Minnesota (2022)
Age Distribution in Wright County, Minnesota
Citizen Population in Wright County, Minnesota (2022)
Political Trends & Data
In Wright County, Minnesota, the 2020 Presidential Election results reveal a notable tilt towards the Republican party, which garnered approximately 63% of the vote. The Democratic party trailed with 34.5%, and minor parties like Libertarians and Greens each secured less than 2%. These numbers could hint at a broader regional political inclination favoring Republicans, which might influence local policy decisions and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Wright County, Minnesota, the 2020 U.S. Presidential Election results show a significant lean towards the Republican party with approximately 63% of the vote, while the Democratic party garnered around 34.5%. The remaining votes were split among Libertarians, Greens, and other parties, each capturing less than 2%. Although minor parties made minimal impact, the data suggests a strong Republican preference, potentially indicative of broader regional political inclinations.
63.05% of voters voted for the Republican party in the 2020 Presidential Election
34.49% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% 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
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wright County, Minnesota, has seen its student-to-teacher ratio fluctuate over the past decade, hitting a low of 12 in 2018 and spiking to nearly 19 in 2020 and 2021 before stabilizing around 15 in 2023. These shifts, which have mostly kept the county competitive with the national average of 14, could reflect changes in educational resourcing or enrollment. For families, real estate agents, and investors, understanding these trends is crucial as lower student-to-teacher ratios are often linked... Read more
Student-to-teacher ratio in Wright County, Minnesota over the last 10 years
Over the past decade, Wright County, Minnesota, has seen significant fluctuation in its student-to-teacher ratio, which dipped as low as 12 in 2018 but sharply spiked to nearly 19 in 2020 and 2021 before settling closer to 15 in 2023. Compared to the national average of 14 students per teacher, the county has been quite competitive, typically maintaining ratios below or near the national figure, except for the anomaly observed during 2020 and 2021. This trend could indicate periods of adjustment in educational resourcing or enrollment changes, which might be integral for investors, real estate agents, and families considering the area for residency or development. Schools with lower student-to-teacher ratios typically offer more personalized attention and potentially better educational outcomes, a factor worth considering for those assessing the county's long-term educational prospects and property values.
