Beaverhead County Real Estate and Livability Trends
In Beaverhead County, Montana, median home values soared from $168,800 in 2015 to $278,300 in 2022, suggesting a robust market with attractive investment potential. Increased property, state, and local income taxes, along with changes in residential energy tax credits, reflect evolving economic conditions that might interest savvy investors. Notably, the mortgage count for primary residences... Read more
Beaverhead County Market Trends
Median home values in Beaverhead County, Montana surged from $168,800 in 2015 to $278,300 in 2022, reflecting a strong market with potential for investment, especially when compared to the statewide increase from $193,500 to $305,700. Residential energy tax credits fluctuated, peaking at an $440.00 average in 2016, hinting at changes in local policies or economic conditions. Real estate taxes... Read more
Median Value of Occupied Housing Units in Beaverhead County, Montana Over the Last 8 Years
Median home values in Beaverhead County, Montana have seen a significant rise over the past eight years, increasing from $168,800 in 2015 to $278,300 in 2022. This upward trend, though, while noticeable, still lags behind the statewide surge, where values jumped from $193,500 to $305,700 during the same period. When considered against the national growth, where median values went from $125,500 to $179,400, Beaverhead County presents a compelling opportunity for potential investors and new residents looking for a balance of investment stability and growth potential within Montana.
Residential Energy Tax Credit Per Tax Return in Beaverhead County, MT Over the Last 8 Years
Beaverhead County, Montana has seen fluctuating residential energy tax credits over the last eight years, with the highest average of $440.00 per tax return in 2016 and the lowest average of $200.00 in 2017. These variations might indicate shifts in local energy policies, economic conditions, or homeowner investments in energy-efficient improvements. For those interested in real estate, investing, or building property, these tax credit trends could signal potential opportunities or challenges in the local market related to energy efficiency incentives.
Average Real Estate Taxes Per Tax Return in Beaverhead County, MT Over the Last 10 Years
Over the last decade, Beaverhead County, Montana, has seen a steady increase in average real estate taxes, with figures rising from roughly $2,197.98 in 2012 to about $3,754.17 in 2021. The most significant jumps occurred between 2017 and 2018, and again between 2019 and 2020, suggesting possible spikes in property values or changes in tax policies. This upward trend might interest investors, real estate agents, appraisers, and insurance agents, as it could indicate rising property values or a stronger local economy. Potential residents and current homeowners might also want to factor in these increasing costs when planning their finances.
Percentage of Farm Returns in Beaverhead County, MT Over the Last 10 Years
Over the last decade, Beaverhead County, Montana, has seen farm returns as a percentage of total returns fluctuate modestly, typically hovering around 7.00%. Noteworthy dips occurred in 2015 and 2021, reaching as low as approximately 6.33% and 6.54%, respectively. These minor variations suggest a relatively stable agricultural sector, with slight year-to-year changes that could be driven by broader economic conditions or local factors. For those interested in investing, moving to, or building property in Beaverhead County, the consistency in farm returns might hint at a resilient agricultural market that contributes steadily to the local economy. Understanding these trends is key for making informed decisions in this largely rural area.
Number of Mortgages by Occupancy Type in Beaverhead County, MT Over the Last 5 Years in Beaverhead County
Mortgage counts by occupancy type in Beaverhead County, Montana indicate a notable decline in principal residence mortgages from 517 in 2020 to 297 in 2022, while investment property and second residence counts have had less variation. These shifts could imply a cooling market for primary homes, likely affecting property demand and price stability. For investors, this data could suggest a balancing act between short-term rental demand and long-term value growth, while insurers might reassess risk models based on changing occupancy patterns. Real estate agents and appraisers would find this trend critical for pricing strategies and advising clients.
Economic Outlook
Beaverhead County, Montana has seen a robust increase in average taxable income per tax return, rising from around $42,665.68 in 2013 to approximately $68,344.37 in 2021. This uptick, especially the sharp rise since 2017, suggests an evolving economic landscape that could attract investors and real estate agents. Moreover, the average state and local income taxes have surged from about $4,398.04 in 2012 to $12,340.00 in 2021, indicating potential policy shifts or economic changes worth noting... Read more
Average Taxable Income per Tax Return in Beaverhead County, MT over the last 9 years
Over the past nine years, Beaverhead County, Montana has experienced notable fluctuations, yet an overall upward trend in average taxable income per tax return, rising from approximately $42,665.68 in 2013 to around $68,344.37 in 2021. This growth, particularly the sharp increase since 2017, suggests potential economic development or shifts in the income profiles of its residents, making it an interesting market for investors and real estate professionals. Those looking at property in the area might find the growth indicative of increasing value, while insurance agents and appraisers could see this as a factor in risk assessment and property valuations.
Average State and Local Income Taxes Per Tax Return in Beaverhead County, MT Over the Last 10 Years
Beaverhead County, Montana has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at approximately $4,398.04 in 2012, the average has gradually risen, peaking at about $12,340.00 in 2021. This significant rise between 2019 and 2021, where figures jumped from roughly $6,696.55 to $12,340.00, might be telling of economic or policy changes influencing the area. For potential investors, real estate agents, or those considering moving to Beaverhead County, these fluctuations in tax liabilities could impact financial planning and market strategies.
Average Total Tax Liability Per Tax Return in Beaverhead County, MT Over the Last 10 Years
Over the last decade, Beaverhead County, Montana has experienced fluctuations in average total tax liabilities per tax return, with a noticeable upward trend in recent years. Significant increases were observed in 2014, 2017, and particularly in 2021, which peaked at $10,872.73. These variations could be a point of interest for investors and real estate agents, signaling economic shifts that might affect property values and investment viability. Additionally, such data is valuable for insurance agents and appraisers to adjust their strategies and forecasts accordingly.
Cost of Living in Beaverhead County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,110 | $1,488 | $1,968 | $1,266 | $1,355 |
| 1 adult 4 children | $1,110 | $1,215 | $1,524 | $1,266 | $1,499 |
| 2 adults 3 children | $1,110 | $1,216 | $1,698 | $1,266 | $1,103 |
| 1 adult 3 children | $1,110 | $992 | $1,254 | $1,266 | $1,227 |
| 2 adults 2 children | $826 | $995 | $1,428 | $1,097 | $912 |
| 1 adult 2 children | $826 | $743 | $984 | $1,097 | $899 |
| 2 adults 1 child | $826 | $786 | $1,159 | $549 | $805 |
| 1 adult 1 child | $826 | $508 | $714 | $549 | $683 |
| 2 adults | $731 | $632 | $889 | $0 | $653 |
| 1 adult | $587 | $345 | $444 | $0 | $552 |
Safety trends & Data
Beaverhead County, Montana has experienced varying property crime rates over the past five years, with 2018 showing high levels of larceny-theft (15) and vandalism (9). A notable spike in motor vehicle theft (4) occurred in 2019, and vandalism incidents remained high (14). Although there was a decrease in burglary and vandalism by 2021, burglary rates surged again in 2022 with 5 incidents. The recent uptick in both burglary and larceny-theft in 2022 could influence property values and... Read more
Property Crime Trends in Beaverhead County, MT Over the Last 5 Years
Over the past five years, property crime trends in Beaverhead County, Montana have shown notable fluctuations. 2018 saw relatively high instances of larceny-theft (15) and vandalism (9), while 2019 experienced a spike in motor vehicle theft (4) and continued high levels of vandalism (14). By 2021, both burglary and vandalism saw decreases, with only 1 and 3 cases respectively, before burglary rates surged again in 2022 with 5 incidents. Investors and real estate agents should take note of the recent increase in both burglary and larceny-theft in 2022 when assessing property values and security solutions.
Demographics
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Race Distribution in Beaverhead County, Montana (2022)
Educational Attainment in Beaverhead County, Montana (2022)
Age Distribution in Beaverhead County, Montana
Citizen Population in Beaverhead County, Montana (2022)
Political Trends & Data
In Beaverhead County, Montana, nearly 70% of votes in the 2020 U.S. Presidential Election went to the Republican candidate, reflecting the county's conservative leanings. Democrats secured around 30%, while Libertarians barely exceeded 2%. The absence of votes for other parties highlights the dominance of the two-party system in this largely rural area. This political landscape may inform future market behaviors and investment opportunities, particularly in sectors appealing to conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Beaverhead County, Montana, the 2020 U.S. Presidential Election revealed a strong Republican presence, with nearly 70% of the vote. Democrats garnered close to 30%, indicating significant but ultimately smaller support. Libertarians made a minimal impact with just over 2% of the vote. The lack of votes for Green and other parties suggests limited influence outside the primary two-party system. This distribution likely highlights the county's conservative leanings within a largely rural setting.
69.30% of voters voted for the Republican party in the 2020 Presidential Election
28.40% of voters voted for the Democrat party in the 2020 Presidential Election
2.30% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Beaverhead County, Montana, consistently offers student-to-teacher ratios significantly below the national average, ranging from 7 to 9 students per teacher. This low ratio could translate into more individualized attention for students, likely making the area more appealing to families who prioritize education. For real estate agents or potential investors, this educational advantage might enhance property values and market appeal. It’s reasonable to infer that the substantial support for... Read more
Student-to-teacher ratio in Beaverhead County, Montana over the last 10 years
Beaverhead County, Montana, consistently boasts student-to-teacher ratios well below the national average of fourteen students per teacher, ranging from 7 to 9 over the past decade. This significantly lower ratio could hint at more individualized attention and tailored educational experiences for students, possibly making the area more attractive to families prioritizing education. For real estate agents, insurance agents, or potential investors, this educational advantage might enhance property values and market appeal. Additionally, those looking to build or move into the county might view the lower ratios as an indicator of a well-supported and possibly better-performing school system.
