Broadwater County Real Estate and Livability Trends
Broadwater County, Montana's real estate market has seen a noteworthy climb in median home values from $184,600 in 2015 to $335,700 in 2022, suggesting the area's growing attractiveness and investment potential. Rising residential energy tax credits, averaging $1,560.00 per return in 2021, highlight a market trend towards energy-efficient homes. Increased homeownership, nearly doubling principal... Read more
Broadwater County Market Trends
Broadwater County, Montana has seen its median home values climb significantly from $184,600 in 2015 to $335,700 in 2022, outpacing both national and state trends. This strong value appreciation hints at growing regional desirability and potential for property investment. Residential energy tax credits have skyrocketed, reaching an average of $1,560.00 per return in 2021, potentially indicating a... Read more
Median Value of Occupied Housing Units in Broadwater County, Montana Over the Last 8 Years
Broadwater County, Montana has seen its median home values climb from $184,600 in 2015 to $335,700 in 2022. This increase, outpacing both the national and state trends, suggests a growing appeal for the region. While the national median rose from $125,500 to $179,400 and Montana’s from $193,500 to $305,700 over the same period, Broadwater County shows significant potential for property investment and development. This rapid appreciation may reflect local economic factors or shifts in desirability, making it a region of interest for prospective homeowners and investors alike.
Residential Energy Tax Credit Per Tax Return in Broadwater County, MT Over the Last 7 Years
Over the past seven years, Broadwater County, Montana has seen a significant and occasionally dramatic increase in the average residential energy tax credit per tax return. While the average hovered around $200.00 to $300.00 from 2013 to 2016, it spiked to $480.00 in 2020 and soared to $1,560.00 in 2021. This trend could potentially indicate an increasing investment in energy-efficient home improvements or heightened awareness and utilization of available tax credits. For real estate agents, investors, and property developers, this upward trend might suggest a growing market for energy-efficient homes in the area.
Average Real Estate Taxes Per Tax Return in Broadwater County, MT Over the Last 10 Years
Real estate taxes per tax return in Broadwater County, Montana have shown a notable upward trajectory over the past decade. While there were some fluctuations, such as the dip in 2013 to $1,747.89 and a rise in 2016 to $2,011.59, the most significant increase occurred between 2017 and 2018, jumping from $2,080.28 to $2,984.21. By 2021, the average real estate taxes had reached $3,168.18. This trend could suggest escalating property values or changes in tax policies, making it critical for potential investors and property owners to factor in these rising costs.
Percentage of Farm Returns in Broadwater County, MT Over the Last 10 Years
Over the past decade, Broadwater County, Montana has seen slight fluctuations in the percentage of farm tax returns, moving from a peak of 8.09% in 2017 to a decline to 5.91% by 2021. Farm tax returns, which indicate the proportion of agricultural income filings relative to total income filings, matter for understanding local economic dependence on agriculture. This decline could suggest a potential shift in economic focus or challenges facing the farming community. If you're considering investing or building property here, this declining trend might signal changing economic conditions or opportunities in the region's agricultural sector.
Number of Mortgages by Occupancy Type in Broadwater County, MT Over the Last 5 Years in Broadwater County
Investment properties in Broadwater County, Montana have seen a notable, albeit modest, increase from 10 in 2018 to 25 in 2022. Principal residences, by contrast, nearly doubled from 337 in 2018 to 537 in 2022, with a spike to 770 in 2021, suggesting a surge in homeownership or refinance activity potentially driven by lower interest rates or migration trends. Second residences have remained more stable, hovering in the 15-28 range. These changes in occupancy type can inform investors about growing market segments, serve as a signal for real estate agents regarding buyer priorities, and impact appraisals and insurance evaluations based on varying risk and usage profiles.
Economic Outlook
Broadwater County, Montana has experienced a notable rise in average taxable income per tax return, climbing from around $49,200 in 2013 to approximately $77,538 in 2021. This trend suggests possible economic growth, making the area appealing for investors and real estate developers. Additionally, the consistent increase in state and local income taxes, from about $3,967.16 in 2012 to nearly $7,486.36 in 2021, highlights a rising cost of living that might impact property-related expenses.... Read more
Average Taxable Income per Tax Return in Broadwater County, MT over the last 9 years
Over the past nine years, Broadwater County, Montana has seen a notable increase in average taxable income per tax return, rising from approximately $49,200 in 2013 to about $77,538 in 2021. This upward trend suggests potential economic growth and could make Broadwater County an appealing location for investors and real estate developers. For appraisers and insurance agents, this trend might warrant recalibration of property values and premiums. Aspiring homeowners and current residents might also find the area more attractive due to the apparent rise in incomes, indicating a potentially stable and prosperous community.
Average State and Local Income Taxes Per Tax Return in Broadwater County, MT Over the Last 10 Years
Broadwater County, Montana has seen a notable increase in average state and local income taxes per tax return over the past decade, starting from approximately $3,967.16 in 2012 and rising to around $7,486.36 by 2021. This steady escalation, with some fluctuations, underscores a broader trend that could impact those considering moving to or investing in the area, as higher taxes can affect overall cost of living and property-related expenses. For real estate agents, appraisers, and insurance agents, understanding this trend is crucial for advising clients accurately and making informed decisions related to housing and property investments.
Average Total Tax Liability Per Tax Return in Broadwater County, MT Over the Last 10 Years
Over the past decade, Broadwater County, Montana, has experienced a significant increase in average total tax liability per tax return. Starting at approximately $6,434.86 in 2012, the figure has seen a sharp rise, reaching $11,680.80 in 2021. This upward trend could indicate a growing economic base, potential appreciation in property values, or changes in tax rates, making it a point of interest for potential investors, appraisers, and real estate agents.
Cost of Living in Broadwater County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,207 | $1,436 | $2,018 | $1,277 | $1,495 |
| 1 adult 4 children | $1,207 | $1,172 | $1,562 | $1,277 | $1,649 |
| 2 adults 3 children | $1,207 | $1,173 | $1,741 | $1,277 | $1,236 |
| 1 adult 3 children | $1,207 | $958 | $1,286 | $1,277 | $1,381 |
| 2 adults 2 children | $992 | $960 | $1,465 | $1,107 | $1,037 |
| 1 adult 2 children | $992 | $717 | $1,009 | $1,107 | $1,072 |
| 2 adults 1 child | $992 | $759 | $1,188 | $553 | $923 |
| 1 adult 1 child | $992 | $490 | $732 | $553 | $795 |
| 2 adults | $775 | $610 | $912 | $0 | $712 |
| 1 adult | $715 | $332 | $456 | $0 | $631 |
Safety trends & Data
Broadwater County, Montana has seen fluctuating trends in property crime over the past five years, particularly in larceny-theft and vandalism. 2019 experienced a peak in theft cases with 5 reported incidents, while 2020 saw vandalism reach its highest at 6 incidents. Motor vehicle theft was relatively low and sporadic, and burglary stayed consistent with one or two incidents per year. These trends may influence decisions for investors, real estate agents, and residents concerned with safety... Read more
Property Crime Trends in Broadwater County, MT Over the Last 5 Years
Property crime in Broadwater County, Montana shows variable trends over the past five years, with larceny-theft and vandalism being the most frequent offenses. Notably, 2019 saw a peak in theft incidents with a total of 5 reported cases, while vandalism hit its highest at 6 incidents in 2020. Motor vehicle theft was relatively low and sporadic, and burglary stayed consistent with one or two incidents per year. These fluctuations can hold significance for investors, real estate agents, and residents considering the level of property crime as a factor in decision-making regarding safety and property values.
Demographics
In Broadwater County, Montana, the adult population skews slightly male. Education levels show a strong tendency towards high school graduates and those with some college but no degree. The age pyramid tilts toward an older demographic, particularly those aged 55 to 64. Racial diversity remains limited, with the vast majority being White. These trends could influence local economy and community services, given the prevalent education levels and aging... Read more
Race Distribution in Broadwater County, Montana (2022)
Educational Attainment in Broadwater County, Montana (2022)
Age Distribution in Broadwater County, Montana
Citizen Population in Broadwater County, Montana (2022)
Political Trends & Data
Broadwater County, Montana leans heavily Republican, with nearly 77% of votes going to the party and just over 20% for Democrats. Libertarian support is marginal at around 2%. This prevalent conservative inclination might shape local policies and development strategies, potentially impacting real estate market conditions and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Results suggest Broadwater County, Montana, leans heavily Republican, with nearly 77% of votes for the party, compared to just over 20% for Democrats. Libertarian support exists, however marginally, at around 2%. This pattern may indicate a significant conservative presence, potentially influencing local policymaking and development strategies.
77.45% of voters voted for the Republican party in the 2020 Presidential Election
20.38% of voters voted for the Democrat party in the 2020 Presidential Election
2.17% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Broadwater County, Montana, the student-to-teacher ratio has varied over the past decade, peaking at over 14 in 2015 and dropping to around 12 in 2019 and 2020. This fluctuation might be a key factor for those investing in property or considering a move, as a lower ratio could suggest better individual attention for students. For real estate agents, appraisers, and insurance agents, these trends can indicate a more appealing educational environment, potentially influencing property values,... Read more
Student-to-teacher ratio in Broadwater County, Montana over the last 10 years
The student-to-teacher ratio in Broadwater County, Montana has fluctuated over the past decade, peaking at just over 14 in 2015 and dropping as low as around 12 in 2019 and 2020. This variability could be crucial for those investing in property or considering a move to the area, as a lower ratio might suggest better individual attention for students compared to the national average of 14 students per teacher. For real estate agents and appraisers, this trend may hint at a potentially more appealing educational environment, which can impact property values and buyer interest. Insurance agents might also find these trends useful to gauge community investments in public education, which can sometimes correlate with lower crime rates and different risk assessments.
