Yellow Medicine County Real Estate and Livability Trends
Yellow Medicine County, Minnesota, shows intriguing economic and real estate trends with average taxable incomes per tax return rising from $53,551.52 in 2013 to $70,705.42 by 2021, possibly indicating favorable economic developments. The median home values climbed from $96,800.00 in 2015 to $145,400.00 by 2022, suggesting the area is still an affordable yet appreciating market compared to... Read more
Yellow Medicine County Market Trends
Yellow Medicine County in Minnesota offers an intriguing landscape for real estate with its median home values rising from $96,800.00 in 2015 to $145,400.00 in 2022, while statewide values jumped from $186,200.00 to $286,800.00. Interestingly, this suggests the county might provide more budget-friendly options while still demonstrating healthy value growth. Fluctuations in residential energy tax... Read more
Median Value of Occupied Housing Units in Yellow Medicine County, Minnesota Over the Last 8 Years
Yellow Medicine County in Minnesota has seen a steady rise in median home values over the last eight years, from $96,800 in 2015 to $145,400 in 2022. While the county's growth rate is impressive, it's crucial to compare it within broader contexts: The median home value statewide escalated from $186,200 in 2015 to $286,800 in 2022. On a national level, home values increased from $125,500 to $179,400 over the same period. This indicates Yellow Medicine County may offer more affordable entry points for buyers and investors compared to statewide and national averages, yet it still demonstrates healthy growth that might appeal to those evaluating long-term value appreciation potential.
Residential Energy Tax Credit Per Tax Return in Yellow Medicine County, MN Over the Last 8 Years
Over the past eight years, Yellow Medicine County, Minnesota, has shown significant fluctuations in the average residential energy tax credit per tax return. Peaks were seen in 2014 at $490.00 and again in 2019 at $750.00, indicating periodic but substantial energy-related investments from residents. However, there were notable drops to $200.00 in 2017 and $300.00 in 2020, suggesting variability in energy conservation efforts. These trends could be of interest to potential investors and builders considering the responsiveness of the local market to energy incentives, as well as appraisers and real estate agents needing to understand the impacts of these credits on property values.
Average Real Estate Taxes Per Tax Return in Yellow Medicine County, MN Over the Last 10 Years
Over the last decade, Yellow Medicine County, Minnesota has seen its average real estate taxes per tax return fluctuate, with a notable increase after 2015. From a generally stable range of around $1,898.86 to $1,904.88 in the early 2010s, there was a marked jump to $2,061.73 in 2016 and further spikes peaking in 2020 at $3,069.23. These variations suggest possible changes in local tax policies or real estate values, making it crucial for potential investors and homebuyers to consider the evolving tax landscape when evaluating property investments. The recent downtrend to $2,733.33 in 2021 implies some stabilization but still reflects higher rates compared to a decade ago. Investors, real estate professionals, and residents should remain aware of these shifts as they could impact financial planning and property appraisals.
Percentage of Farm Returns in Yellow Medicine County, MN Over the Last 10 Years
Yellow Medicine County, Minnesota has seen a relatively steady percentage of farm tax returns over the past decade, fluctuating slightly between 15.07% and 16.40%. Farm tax returns track income primarily from farming activity, reflecting the agricultural sector's health and economic contributions to the area. Remarkably, while there was a small dip in the past few years, recent data shows a minor uptick to 15.26%. For those considering investment, relocation, or development in Yellow Medicine County, this consistency may imply a stable farming community, crucial for long-term planning and economic forecasting.
Number of Mortgages by Occupancy Type in Yellow Medicine County, MN Over the Last 5 Years in Yellow Medicine County
Yellow Medicine County, Minnesota, has seen a fluctuation in mortgage counts over the last five years, with a particular emphasis on principal residences dominating the market. Despite investment properties having relatively low but stable numbers, the prominence of principal residence mortgages suggests a steady demand for long-term housing. This trend might indicate a family-friendly environment or stable employment opportunities attracting permanent settlers. For investors, the smaller number of second residences and investment properties could either signal a less competitive rental market or a demographic less inclined toward vacation homes, offering unique investment or development opportunities. Changes in these occupancy types are crucial for not only gauging local market health but also for affecting property valuations, insurance rates, and development planning.
Economic Outlook
Yellow Medicine County, Minnesota has seen an upward trend in average taxable income per tax return, rising from $53,551.52 in 2013 to about $70,705.42 by 2021. Parallelly, state and local income taxes per tax return more than doubled from $6,975.49 in 2012 to $14,646.67 by 2021, indicating possible economic changes or policy shifts. Additionally, a spike in average total tax liabilities to $9,738.60 in 2021 points to notable economic or legislative influences. These trends could allure... Read more
Average Taxable Income per Tax Return in Yellow Medicine County, MN over the last 9 years
Average taxable income per tax return in Yellow Medicine County, Minnesota has shown a noticeable upward trend over the past nine years. Starting at around $53,551.52 in 2013, the figure gradually increased, with a minor dip in 2015, until reaching approximately $70,705.42 by 2021. This consistent growth highlights a potentially strengthening local economy, which could be attractive to investors, developers, and those considering relocation. The rising income levels might also positively impact property values, making it a point of interest for real estate agents and appraisers.
Average State and Local Income Taxes Per Tax Return in Yellow Medicine County, MN Over the Last 10 Years
In Yellow Medicine County, Minnesota, there's been a noticeable uptick in state and local income taxes per tax return over the past decade. From a modest $6,975.49 in 2012, the average has surged to $14,646.67 by 2021. This significant rise, especially the sharp increase post-2018, could reflect broader economic changes or policy adjustments impacting residents' tax burdens. For prospective investors and residents, these trends may influence decisions on property investments, relocations, or financial planning within the county.
Average Total Tax Liability Per Tax Return in Yellow Medicine County, MN Over the Last 10 Years
Yellow Medicine County, Minnesota has experienced fluctuating average total tax liabilities over the last decade, with a noticeable spike to $9,738.60 in 2021, suggesting either economic shifts or changes in tax policy affecting residents. The earlier years saw relatively stable values around $8,000, dropping to the low $7,000s between 2018 and 2020, indicating variable economic conditions or demographic changes. This information could be particularly valuable for real estate agents, potential investors, and insurance agents evaluating the economic landscape of the county.
Cost of Living in Yellow Medicine County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,008 | $1,444 | $1,799 | $1,234 | $1,157 |
| 1 adult 4 children | $1,008 | $1,179 | $1,401 | $1,234 | $1,337 |
| 2 adults 3 children | $1,008 | $1,179 | $1,548 | $1,234 | $938 |
| 1 adult 3 children | $1,008 | $963 | $1,150 | $1,234 | $1,090 |
| 2 adults 2 children | $828 | $965 | $1,297 | $1,076 | $827 |
| 1 adult 2 children | $828 | $721 | $899 | $1,076 | $835 |
| 2 adults 1 child | $828 | $763 | $1,046 | $564 | $761 |
| 1 adult 1 child | $828 | $493 | $648 | $564 | $639 |
| 2 adults | $629 | $613 | $795 | $0 | $610 |
| 1 adult | $554 | $334 | $397 | $0 | $517 |
Safety trends & Data
Yellow Medicine County, Minnesota, has experienced notable fluctuations in property crime over the past five years. Burglaries have dropped significantly—from 21 cases in 2018 to just 2 in 2022—potentially reflecting improved security measures or law enforcement tactics. Larceny-theft incidents, however, have varied without a clear trend, ranging between 5 and 16 cases annually. Isolated instances of arson, motor vehicle theft, and fraud may indicate evolving criminal patterns. Minor levels... Read more
Property Crime Trends in Yellow Medicine County, MN Over the Last 5 Years
Yellow Medicine County, Minnesota has seen fluctuations in property crime over the past five years. Significant reductions in burglary, dropping from 21 cases in 2018 to just 2 in 2022, may suggest improved security measures or law enforcement strategies. Larceny-theft incidents, however, show variance rather than a clear trend, hovering between 5 and 16 annual cases. Surprisingly, isolated incidences of arson, motor vehicle theft, and fraud hint at evolving criminal patterns. The consistency in minor levels of vandalism and the occasional occurrence of forgery and counterfeiting reveal underlying issues simmering below the surface. These trends could be critical for investors, real estate professionals, and residents evaluating the safety and economic stability of the area.
Demographics
Yellow Medicine County, Minnesota's adult population skews slightly male with a notable portion of residents achieving at least a high school diploma. While higher education attainment isn't predominant, there's a significant presence of individuals with some college experience and associate degrees. The age distribution hints at a substantial share of residents nearing retirement age, with consistent numbers in younger age brackets, which could affect local schools and labor markets. The... Read more
Race Distribution in Yellow Medicine County, Minnesota (2022)
Educational Attainment in Yellow Medicine County, Minnesota (2022)
Age Distribution in Yellow Medicine County, Minnesota
Citizen Population in Yellow Medicine County, Minnesota (2022)
Political Trends & Data
Yellow Medicine County in Minnesota tends to lean strongly Republican, with around 68% of the votes in the 2020 U.S. Presidential Election going to the Republican candidate. Democrats captured approximately 31%, showing a notable gap between the major parties. Minor parties like the Libertarian and Green parties earned less than 1% of the vote, suggesting limited influence. This predominantly conservative voter base could have significant implications for future local and state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Yellow Medicine County in Minnesota appears to lean strongly Republican based on the 2020 U.S. Presidential Election results, with around 68% of the votes potentially going to the Republican candidate. Democrats seem to have secured roughly 31%, suggesting a significant gap between the two major parties. Minor parties like the Libertarian and Green parties each garnered less than 1% of the vote, indicating limited support. Such distribution could point towards a predominantly conservative voter base in this area, potentially impacting future local and state elections.
67.55% of voters voted for the Republican party in the 2020 Presidential Election
30.54% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
0.90% of voters voted for the Other party in the 2020 Presidential Election
School Data
Yellow Medicine County, Minnesota's student-to-teacher ratio has fluctuated between 11 and 13.85 over the past decade, closely aligning with the national average of 14 students per teacher. This could point to an educational environment offering personalized attention, a key attraction for families and investors. Such stability in educational quality can also imply a steady demand for housing near reputable schools, potentially influencing property values and insurance risk... Read more
Student-to-teacher ratio in Yellow Medicine County, Minnesota over the last 10 years
Yellow Medicine County, Minnesota has seen its student-to-teacher ratio fluctuate moderately over the last decade, ranging from 11 in 2015 to a peak around 13.85 in 2021. This trend is relatively close to the national average of 14 students per teacher, indicating an educational environment that might offer more personalized attention compared to other areas. Investors, real estate agents, and families considering relocation could find this an attractive point, as lower student-to-teacher ratios are often associated with better educational outcomes. Additionally, for appraisers and insurance agents, this stable educational metric can suggest a steady demand for housing near quality schools, potentially impacting property values and risk assessments.
