Montana Real Estate and Livability Trends
In Montana, the median value of occupied housing units has soared from $193,500 in 2015 to $305,700 in 2022, suggesting strong market growth. The uptick in residential energy tax credits, hitting $2,523.75 in 2018, might point to policy adjustments that could impact future investments. On average, real estate taxes per return have jumped from $2,550.02 in 2012 to $4,829.62 in 2021, potentially... Read more
Montana Market Trends
Montana's real estate market has seen a substantial rise in the median value of occupied housing units from $193,500 in 2015 to $305,700 in 2022, outpacing the national trend. Residential energy tax credits in the state spiked dramatically in 2018, reaching $2,523.75, suggesting potential policy shifts that could influence future housing investments. Montana's average real estate taxes per tax... Read more
Median Value of Occupied Housing Units in Montana Over the Last 8 Years
The median value of occupied housing units in Montana has surged from $193,500 in 2015 to $305,700 in 2022. This increase is notably sharper than the national growth rate, where values rose from $125,500 to $179,400 over the same period. This trend might impact prospective investors and homeowners considering Montana for its potential returns and steadily climbing property values, suggesting a robust and possibly lucrative market.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Montana over the last 10 years
Active Loans 30-60 Days Past Due in Montana over the last 10 years in Montana
Perent of loans that are Active Loans 90-180 Days Past Due in Montana over the last 10 years in Montana
Residential Energy Tax Credit Per Tax Return in Montana Over the Last 9 Years
Over the past nine years, the average residential energy tax credit per tax return in Montana has shown significant variability. From 2013 to 2017, there was a steady increase, starting at $385.75 and peaking at $649.02. A dramatic spike is seen in 2018 with the average credit skyrocketing to $2,523.75, which might be attributed to unique policy changes or incentives during that year. Post-2018, the credit amounts adjusted and normalized, with amounts fluctuating but stabilizing around $800.00 by 2021. This trend could suggest an evolving focus on energy efficiency and renewable energy investments, appealing to investors, homeowners, and real estate professionals aiming to benefit from potential tax incentives and long-term cost savings.
Average Real Estate Taxes Per Tax Return in Montana Over the Last 10 Years
From 2012 to 2021, Montana has experienced a notable increase in average real estate taxes per tax return, jumping from approximately $2,550.02 in 2012 to nearly $4,829.62 in 2021. The upward trend suggests that property values or tax rates might be increasing. This escalation could be significant for prospective investors, indicating rising property costs, and may influence decisions related to property investments, appraisals, insurance, or moving to the state. Real estate agents might find these trends useful in understanding market dynamics and informing clients.
Percentage of Farm Returns in Montana Over the Last 10 Years
Farm tax returns in Montana appear to indicate a consistent, if gradual, decrease over the last decade, dropping from approximately 4.03% in 2012 to around 3.39% in 2021. This trend may be vital for investors, potential residents, and developers looking into Montana's agricultural sector and rural properties. Understanding this decline in farm tax return percentages could reveal underlying changes in the agriculture industry, market forces, or possibly shifts in farming practices. These insights might influence decisions on purchasing or investing in farm-related properties and businesses in Montana.
Economic Outlook
In Montana, the average taxable income per tax return has risen from approximately $52,448.17 in 2013 to around $84,174.08 in 2021, hinting at economic growth and higher earning potential. This could be a positive signal for property investments, as indicated by the increase in average state and local income taxes from $5,598.24 in 2012 to about $15,917.76 in 2021. Additionally, the average total tax liability per tax return has climbed from roughly $8,706.04 in 2012 to around $14,861.03 in... Read more
Average Taxable Income per Tax Return in Montana over the last 9 years
In Montana, the average taxable income per tax return has shown a steady uptick over the past nine years, increasing from approximately $52,448.17 in 2013 to about $84,174.08 in 2021. This significant rise could suggest growing economic prosperity or higher earning potential for residents. Such a trend may be of interest to potential investors or those considering building property, as it could indicate a robust local economy. Real estate agents and appraisers might see this as a positive indicator for property valuation, while insurance agents could look at it as a factor in assessing risk and premium rates.
Average State and Local Income Taxes Per Tax Return in Montana Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Montana have seen a notable rise. Starting at around $5,598.24 in 2012, there's been a substantial jump, reaching around $15,917.76 by 2021. This consistent increase could signal higher earning potential, a shift in tax policies, or evolving economic conditions, impacting potential investments and property values significantly. For those looking to invest, move, appraise, insure, or build, understanding this trend is crucial for financial planning and forecasting future expenses. Real estate agents and residents alike should consider these tax dynamics when making economic decisions in Montana.
Average Total Tax Liability Per Tax Return in Montana Over the Last 10 Years
Over the past decade, Montana's average total tax liability per tax return has shown a general upward trend, starting from approximately $8,706.04 in 2012 and peaking at about $14,861.03 in 2021. Notable jumps occurred between 2019 and 2021, highlighting potential economic changes or shifts in tax policies. This could imply increasing financial obligations for residents and may impact decisions related to real estate investments, appraisals, and building properties in the area. Investors and insurance agents might need to account for these increasing costs when assessing property values and potential returns.
Cost of Living in Montana
Safety trends & Data
Montana's property crime trends over the past five years indicate a significant focus on fraud, with annual arrests ranging from $3,135.00 to $4,056.00. Vandalism also presents a challenge, with yearly incidents fluctuating between $819.00 and $1,033.00. Notably, arson incidents peaked at $370.00 but recently dropped to $297.00. These crime patterns could potentially affect insurance rates and real estate investments, and the rise in minor crimes like vandalism and theft might impact property... Read more
Property Crime Trends in Montana Over the Last 5 Years
Montana has seen some notable trends in property crimes over the past five years. Fraud consistently stands out as the most significant issue, with arrests ranging from 3,135.00 to 4,056.00 per year. Vandalism also poses a considerable challenge, with figures fluctuating between 819.00 and 1,033.00 annually. Arson incidents, while lower, have shown variability, with a peak at 370.00 and a more recent drop to 297.00. Fraud and embezzlement are focal points that could impact insurance rates and real estate investments, while the rise in minor crimes like vandalism and theft might influence both property values and community safety perceptions. Real estate agents, appraisers, and investors should consider these patterns when planning investments or advising clients in Montana.
Demographics
Montana's adult population leans slightly male with 430,039 males compared to 419,861 females. Educational attainment reflects a significant portion with high school diplomas or higher, while a noteworthy number hold bachelor’s degrees or higher, illustrating a well-educated workforce. Age distribution skews towards working-age adults, with notable populations in both the 55-64 and 25-34 age ranges, potentially suggesting a mix of seasoned professionals and early-career individuals. Ethnic... Read more
Race Distribution in Montana (2022)
Educational Attainment in Montana (2022)
Age Distribution in Montana
Citizen Population in Montana (2022)
Political Trends & Data
Montana's real estate market trends could be impacted by its political landscape, given the 2020 U.S. Presidential Election results showing a significant Republican lean with around 57% of the vote. This strong two-party dominance, with the Democratic candidate garnering over 40% and minor parties receiving minimal support, could influence housing policies, property taxes, and development projects in the state. The general leanings may shape future investments and economic initiatives, possibly... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Montana, the 2020 U.S. Presidential Election results seem to indicate a significant lean towards the Republican candidate, with approximately 57% of the vote. The Democratic candidate garnered a little over 40%, while the Libertarian option seemed to attract roughly 2.5%. There might be almost no support for the Green Party and other minor parties, suggesting a strong two-party dominance in this state.
56.92% of voters voted for the Republican party in the 2020 Presidential Election
40.55% of voters voted for the Democrat party in the 2020 Presidential Election
2.53% of voters voted for the Libertarian party in the 2020 Presidential Election
School Data
Montana's student-to-teacher ratio has been impressively low at about 10:1 over the last decade, compared to the national average of 14:1. This favorable trend might be a draw for families seeking quality education, potentially boosting property values and promoting community growth. For real estate professionals, understanding this educational advantage provides a valuable selling... Read more
Student-to-teacher ratio in Montana over the last 10 years
Over the past decade, Montana has maintained a consistently low student-to-teacher ratio, hovering around ten students per teacher—well below the national average of fourteen. This trend could signal a favorable environment for educational investment and might attract families prioritizing personalized education. For real estate agents, appraisers, and those interested in moving to the state, these ratios suggest a potentially higher quality of education, which can positively impact property values and community growth.
