Carbon County Real Estate and Livability Trends
Carbon County, Montana, is experiencing notable growth with average taxable income rising from $53,350.00 in 2013 to $79,864.60 in 2021. The climb in median home values from $217,500 in 2015 to $355,600 in 2022 outpaces state and national averages, indicating a strong housing market. Concurrently, declining farm tax returns and shifting mortgage patterns reveal evolving local economic dynamics,... Read more
Carbon County Market Trends
Carbon County, Montana, has seen median home values skyrocket from $217,500 in 2015 to $355,600 in 2022, outpacing the state and national averages. Fluctuating residential energy tax credits, peaking at $1,012.50 in 2019, suggest strong incentives for energy-efficient upgrades, adding potential investor value. Real estate taxes have climbed steadily, hitting $3,940.00 in 2021, important for... Read more
Median Value of Occupied Housing Units in Carbon County, Montana Over the Last 8 Years
Carbon County, Montana has experienced substantial growth in median home values, with a jump from $217,500 in 2015 to $355,600 in 2022. Compared to the state of Montana, where median values went from $193,500 to $305,700 over the same period, Carbon County appears to be a hotter market. Nationally, median home values rose from $125,500 in 2015 to $179,400 in 2022, showcasing Carbon County's increasing appeal as a premium real estate option. This considerable appreciation could be enticing for investors, while potential residents may find the area marking itself as a burgeoning market within the broader context of Montana and the United States.
Residential Energy Tax Credit Per Tax Return in Carbon County, MT Over the Last 8 Years
Over the last eight years, the residential energy tax credit per tax return in Carbon County, Montana, has experienced fluctuations, with notable spikes in 2016 and 2019, hitting $409.09 and $1012.50 respectively. These variances suggest that incentives for energy-efficient home improvements may heavily influence the county, offering potential value for homeowners and investors seeking to reduce energy costs. The trend indicates that while there are years of lower averages, significant leaps in other years hint at possible policy shifts or increased adoption of energy-saving measures, worth noting for anyone considering property investments or energy upgrades in the area.
Average Real Estate Taxes Per Tax Return in Carbon County, MT Over the Last 10 Years
Real estate taxes in Carbon County, Montana, have seen a consistent upward trend over the past decade, with a significant increase from $2,323.74 in 2012 to $3,940.00 in 2021. Noteworthy spikes occurred in 2018 and 2020, peaking at $3,604.88 and $4,013.16 respectively, reflecting possibly broader economic factors or local developments. This could be a critical consideration for potential investors, property developers, and movers evaluating long-term financial obligations in the region.
Percentage of Farm Returns in Carbon County, MT Over the Last 10 Years
In Carbon County, Montana, farm tax returns have shown a slow but steady decline over the last decade, starting at around 11.13% in 2012 and drifting down to approximately 10.25% in 2021. Farm tax returns represent the proportion of tax filings from active farms within the county, acting as an indicator of agricultural activity. This trend could suggest slight fluctuations in the local farming economy, influencing decisions on agricultural investments, property development, or moving into the area for those considering these factors.
Number of Mortgages by Occupancy Type in Carbon County, MT Over the Last 5 Years in Carbon County
Principal residence mortgages have fluctuated significantly in Carbon County, Montana, peaking at 805 in 2021 and then dipping to 519 in 2022. Investment property mortgages have remained relatively low but steady with a slight increase from 22 in 2018 to 63 in 2021. Second residence mortgages also peaked in the 2020-2021 period, suggesting a possible interest in vacation homes or secondary properties. These shifts could reflect broader real estate trends such as changing work-from-home policies, varying interest rates, and evolving investment strategies. This nuanced understanding is crucial for investors, real estate professionals, and insurers as it influences property valuation, risk assessment, and market positioning.
Economic Outlook
In Carbon County, Montana, average taxable income per tax return has generally risen from $53,350.00 in 2013 to $79,864.60 in 2021. Notable spikes in 2018 and 2020 hint at economic growth or job market shifts. Concurrently, average state and local income taxes per tax return have climbed to $11,780.95 in 2021 from $5,241.78 in 2012, perhaps reflecting increased incomes or changes in tax policy. This suggests a robust economy but also higher living costs. Rising average total tax liability per... Read more
Average Taxable Income per Tax Return in Carbon County, MT over the last 9 years
Over the past nine years, Carbon County, Montana has seen an overall upward trend in the average taxable income per tax return. Starting from an average of $53,350.00 in 2013, the figure rose to $79,864.60 by 2021. Notable spikes occurred in 2018 and 2020, which could reflect economic growth or changes in the local job market. This trend indicates potential economic robustness, making it a point of interest for investors, real estate agents, and those considering relocation.
Average State and Local Income Taxes Per Tax Return in Carbon County, MT Over the Last 10 Years
Over the last decade, Carbon County, Montana, has seen a steady rise in average state and local income taxes per tax return, reaching $11,780.95 in 2021 from $5,241.78 in 2012. While there were some fluctuations, such as a slight dip in 2016 to $5,877.78, the general trend points to increasing tax burdens. This upward trajectory might be indicative of rising incomes, property values, or shifts in tax policies affecting local residents. For potential investors or residents, this trend could signal a robust local economy but also higher costs of living. Appraisers and real estate agents should consider these data points when valuing properties, as increasing taxes could impact overall property affordability and desirability. The notable jump in 2020 and 2021 demands attention, possibly tied to pandemic-related economic impacts or policy changes.
Average Total Tax Liability Per Tax Return in Carbon County, MT Over the Last 10 Years
Over the last decade, Carbon County, Montana has seen a trend of increasing average total tax liability per tax return, peaking at $13,669.91 in 2021. Despite some fluctuations, the general upward trajectory could impact investment decisions and property values, potentially influencing appraisals and insurance costs. For real estate agents and prospective homeowners, it's worth noting this rise as it might reflect broader economic shifts or local financial health.
Cost of Living in Carbon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,273 | $1,456 | $1,600 | $1,854 | $1,628 |
| 1 adult 4 children | $1,273 | $1,189 | $1,235 | $1,854 | $1,797 |
| 2 adults 3 children | $1,273 | $1,189 | $1,383 | $1,854 | $1,355 |
| 1 adult 3 children | $1,273 | $971 | $1,018 | $1,854 | $1,557 |
| 2 adults 2 children | $927 | $974 | $1,165 | $1,606 | $1,067 |
| 1 adult 2 children | $927 | $727 | $800 | $1,606 | $1,153 |
| 2 adults 1 child | $927 | $769 | $948 | $803 | $899 |
| 1 adult 1 child | $927 | $497 | $583 | $803 | $813 |
| 2 adults | $705 | $618 | $730 | $0 | $652 |
| 1 adult | $655 | $337 | $365 | $0 | $579 |
Safety trends & Data
Carbon County, Montana, has been experiencing a decline in property crime over the past three years, which could be promising for property investors and homebuyers. Larceny incidents have halved from 2.00 in 2018 to 1.00 in 2020, while vandalism cases saw a similar drop, with just one incident in 2021. This trend might indicate enhanced community safety, potentially making the area more appealing for local businesses and real estate... Read more
Property Crime Trends in Carbon County, MT Over the Last 3 Years
Investing in Carbon County, Montana, should come with an understanding of the local property crime trends. In the last three years, the county has seen a noticeable decline in incidents of larceny and vandalism. For instance, larceny incidents dropped from 2.00 in 2018 to just 1.00 by 2020, while vandalism cases fell from 2.00 to 1.00 in the same period, with a single incident reported in 2021. This trend may suggest improving community safety, possibly making the area more attractive for potential property investors, homebuyers, and local businesses.
Demographics
Carbon County, Montana shows a slight male majority in its adult population, indicating a gender distribution that might be balanced yet leans towards males. The area's educational attainment reveals a significant portion of the population with at least some college education, suggesting a community that values higher education. Age demographics highlight a predominantly older population, with substantial numbers in the 55 to 74 years range, hinting at potential needs for services catering to... Read more
Race Distribution in Carbon County, Montana (2022)
Educational Attainment in Carbon County, Montana (2022)
Age Distribution in Carbon County, Montana
Citizen Population in Carbon County, Montana (2022)
Political Trends & Data
Carbon County, Montana, tends to lean heavily Republican, with about 63% of the vote in the 2020 Presidential Election going their way. Democrats garnered around 34%, and the Libertarian party managed to capture a noticeable 2%. This political landscape can potentially influence local policies and future election outcomes, shaping investment decisions in real estate and other... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Carbon County in Montana saw roughly 63% of voters lean toward the Republican candidate in the 2020 U.S. Presidential Election, with around 34% favoring the Democrat. The Libertarian party captured a small but notable 2% of the vote. This trend suggests a strong Republican presence, with possible implications for future elections and policy-making at the local level.
63.36% of voters voted for the Republican party in the 2020 Presidential Election
34.33% of voters voted for the Democrat party in the 2020 Presidential Election
2.31% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Student-to-teacher ratios in Carbon County, Montana, have consistently been below the national average, varying between approximately 7.9 and 9.3 over the past decade. This lower ratio suggests smaller class sizes and potentially better educational outcomes, making it a compelling factor for families considering relocation. It could drive housing demand, enhance property values, and influence investment decisions. Lower ratios may also signal community stability, impacting property development... Read more
Student-to-teacher ratio in Carbon County, Montana over the last 10 years
Student-to-teacher ratios in Carbon County, Montana, have consistently remained well below the current national average of fourteen students per teacher, fluctuating between approximately 7.9 and 9.3 over the past decade. A lower student-to-teacher ratio often indicates smaller class sizes, which may contribute to more personalized instruction and an improved educational experience. This could be a selling point for families considering a move and an indicator for potential growth in housing demand. It also provides appraisal value as properties in areas with favorable educational metrics might see higher valuation, and it guides real estate agents in pitching properties to interested buyers. Lower ratios could influence investment decisions, property development, and even insurance premiums due to perceived community stability and enhancement given strong local educational support.
