Big Horn County Real Estate and Livability Trends
Big Horn County, Montana has seen median home values nearly double, rising from $88,500 in 2015 to $159,700 in 2022, although still lagging behind state and national averages. Real estate taxes have also increased, climbing from $1,472.50 in 2012 to $3,516 in 2021, possibly signaling both growing market appeal and a heavier tax burden. The area boasts a strong agricultural presence with farm tax... Read more
Big Horn County Market Trends
Big Horn County, Montana has experienced a remarkable rise in median home values from $88,500 in 2015 to $159,700 in 2022, though still trailing the state and national averages. The residential energy tax credit showcases volatile investment in energy-efficient home improvements, peaking at $500.00 in 2014 and dipping to $175.00 in 2016, a trend that may interest investors and real estate... Read more
Median Value of Occupied Housing Units in Big Horn County, Montana Over the Last 8 Years
Over the past eight years, Big Horn County, Montana, has seen significant growth in median home values, rising from $88,500 in 2015 to $159,700 in 2022. This increase, while impressive, still places it well below the state average for Montana, which climbed from $193,500 to $305,700 over the same period. Nationally, home values also trended upward, from $125,500 in 2015 to $179,400 in 2022. Although Big Horn County's home values are lower than the state and national averages, the robust upward trajectory could signal potential growth opportunities for investors and newcomers.
Residential Energy Tax Credit Per Tax Return in Big Horn County, MT Over the Last 6 Years
The residential energy tax credit in Big Horn County, Montana over the past six years indicates fluctuating investment in energy-efficient home improvements. Beginning at $275.00 in 2013, it saw a peak at $500.00 in 2014 before dipping to $175.00 in 2016. The credit has shown some recovery, hitting $300.00 in 2021. This volatility could suggest varying levels of awareness or interest in energy efficiency measures among homeowners. This information might be particularly relevant for investors, appraisers, real estate agents, and insurance providers, who should consider how energy efficiency trends might impact property values and market dynamics in the region.
Average Real Estate Taxes Per Tax Return in Big Horn County, MT Over the Last 10 Years
Big Horn County, Montana has generally seen an upward trend in average real estate taxes per tax return over the last decade. From $1,472.50 in 2012 to $3,516.67 in 2021, the steady increase, although fluctuating slightly in years like 2016 and 2020, suggests rising property values or perhaps changes in tax policies. This gradual rise could signal growing market desirability, making it a potentially attractive spot for real estate investors, developers, and prospective homeowners. However, those considering moving or investing should be aware of the consistently increasing tax burden which may impact long-term financial planning.
Percentage of Farm Returns in Big Horn County, MT Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Big Horn County, Montana has shown a general upward trend, reaching a peak of approximately 8.21% in 2019. Although there have been slight fluctuations, the data suggests a strong agricultural presence in the area. This trend could be of interest to investors and developers considering the rural economy's stability and growth through farming. The consistency in farm tax returns reveals the resilience and importance of agriculture, serving as a potential indicator of economic opportunities tied to the agricultural sector.
Number of Mortgages by Occupancy Type in Big Horn County, MT Over the Last 5 Years in Big Horn County
Over the past five years in Big Horn County, Montana, the majority of mortgage activity has been driven by principal residences, with numbers peaking in 2021 at 177. Investment properties have seen fluctuating activity, reaching their highest in 2021 with 16 mortgages and dropping to 5 in 2019. Mortgages for second residences have consistently been minimal, peaking at 6 in 2020. Changes in occupancy type are crucial for prospective investors and real estate professionals, as a higher number of principal residence mortgages could indicate a stable community with permanent residents, while fluctuating numbers in investment properties might hint at varying interest in local investment opportunities. For appraisers and insurance agents, these trends are vital for assessing property values and risk, respectively.
Economic Outlook
Big Horn County, Montana has experienced a steady rise in average taxable income per tax return, growing from $38,489.52 in 2013 to $44,938.72 by 2021, hinting at economic growth and enhancing its appeal to property buyers and investors. Average state and local income taxes also climbed from $4,697.87 in 2012 to $6,611.11 in 2021, reflecting either economic growth or tax policy shifts. The average total tax liability has generally ranged between $5,000.00 and $6,300.00 over the past decade,... Read more
Average Taxable Income per Tax Return in Big Horn County, MT over the last 9 years
Big Horn County, Montana has seen a fairly consistent rise in average taxable income per tax return over the past nine years, with occasional minor dips. From $38,489.52 in 2013, the average taxable income steadily increased to $44,938.72 by 2021. These fluctuations may suggest economic growth and potential for increasing investment opportunities, making the area appealing for prospective property buyers and investors.
Average State and Local Income Taxes Per Tax Return in Big Horn County, MT Over the Last 10 Years
Average state and local income taxes per tax return in Big Horn County, Montana have seen a notable upward trend over the past decade, with the exception of a few fluctuations. In 2012, the average tax amount was $4,697.87, but by 2021, it had increased to $6,611.11. This increase could signal economic growth or shifts in tax policies. For potential investors or those considering moving to the area, understanding these changes is crucial as they reflect local fiscal health and can impact disposable income. Real estate agents and appraisers might find these trends useful for assessing property values, while insurance agents can incorporate this data into risk assessments.
Average Total Tax Liability Per Tax Return in Big Horn County, MT Over the Last 10 Years
The average total tax liability per tax return in Big Horn County, Montana has generally hovered between $5,000.00 and $6,300.00 over the last decade. Notable fluctuations include peaks in 2014 and troughs in 2018, which could imply varying economic conditions or policy changes. Investors, property appraisers, and real estate agents might find these trends indicative of the local financial climate's stability, influencing decisions on property valuation and investment timing in the county.
Cost of Living in Big Horn County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,081 | $1,456 | $1,968 | $1,237 | $1,323 |
| 1 adult 4 children | $1,081 | $1,189 | $1,524 | $1,237 | $1,469 |
| 2 adults 3 children | $1,081 | $1,189 | $1,698 | $1,237 | $1,077 |
| 1 adult 3 children | $1,081 | $971 | $1,254 | $1,237 | $1,204 |
| 2 adults 2 children | $827 | $974 | $1,428 | $1,072 | $908 |
| 1 adult 2 children | $827 | $727 | $984 | $1,072 | $901 |
| 2 adults 1 child | $827 | $769 | $1,159 | $536 | $808 |
| 1 adult 1 child | $827 | $497 | $714 | $536 | $691 |
| 2 adults | $656 | $618 | $889 | $0 | $634 |
| 1 adult | $596 | $337 | $444 | $0 | $571 |
Safety trends & Data
In Big Horn County, Montana, property crime rates have shown notable fluctuations over the past five years. Larceny-theft incidents peaked at 26 in 2018 but dramatically decreased to just 5 by 2022. Vandalism has seen some variance, slightly increasing to 9 in 2022, while burglary incidents have dropped entirely from a high of 11 in 2018. Motor vehicle thefts, though generally low, saw minor spikes in 2021. These trends could be crucial for investors, developers, and homeowners looking to... Read more
Property Crime Trends in Big Horn County, MT Over the Last 5 Years
Big Horn County, Montana has witnessed fluctuating property crime rates over the past five years, with notable increases in certain years. Larceny-theft consistently topped the charts, peaking at 26 incidents in 2018 and generally showing a downward trend by 2022 when it dropped to just 5. Vandalism incidents have shown variance but slightly increased recently, reaching 9 in 2022. Major crimes like burglary significantly dropped from 11 in 2018 to an absence in 2022. Motor vehicle thefts, while generally low, saw small spikes in 2021. These trends are vital for prospective investors, property developers, and homeowners gauging the county's safety landscape and making informed decisions.
Demographics
Big Horn County, Montana shows a balanced adult population with a slightly higher number of females compared to males. Educational attainment appears diverse, with many having completed high school or some college. Younger age groups dominate the population distribution, suggesting the area could be family-oriented. The racial makeup is uniquely predominant with American Indian and Alaska Native individuals forming the majority, a characteristic that may influence the county's cultural and... Read more
Race Distribution in Big Horn County, Montana (2022)
Educational Attainment in Big Horn County, Montana (2022)
Age Distribution in Big Horn County, Montana
Citizen Population in Big Horn County, Montana (2022)
Political Trends & Data
In Big Horn County, Montana, the 2020 U.S. Presidential Election saw Democrats capturing around 52% of the vote while Republicans got roughly 46%, indicating a possible Democratic tilt in a state generally known for its Republican leanings. Libertarians, with close to 2% of the vote, point to a minor but present third-party influence. These figures could suggest that local political dynamics are more complex and potentially more competitive than state trends might... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Big Horn County, Montana, the 2020 U.S. Presidential Election saw Democrats likely outpacing Republicans, capturing about 52% of the vote compared to Republicans' approximately 46%. Libertarians made a minor impact with close to 2% of the votes. This potential Democratic lean in a county within a typically Republican-leaning state is suggestive of nuanced local voting dynamics.
46.13% of voters voted for the Republican party in the 2020 Presidential Election
52.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.80% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Big Horn County, Montana stands out with a student-to-teacher ratio ranging from 10 to 12, consistently better than the national average of 14. This could signal a more personalized educational experience, potentially making the area more appealing to families prioritizing education. Real estate agents might leverage these stats to attract homebuyers, while appraisers and insurance agents might see this as indicative of a stable and less crowded school environment, positively influencing... Read more
Student-to-teacher ratio in Big Horn County, Montana over the last 10 years
Over the past decade, Big Horn County, Montana, has consistently maintained a student-to-teacher ratio fluctuating between 10 and 12, consistently below the national average of 14 students per teacher. This lower ratio could potentially signal a more personalized educational experience, appealing to families looking to move into the area. For real estate agents and those in the housing market, these favorable educational stats might make the county more attractive to prospective homebuyers prioritizing education. Additionally, appraisers and insurance agents might see these numbers as indicative of a stable and potentially less crowded school environment, influencing property valuations and risk assessments positively.
