Custer County Real Estate and Livability Trends
Custer County, Montana has seen its median home values rise from $137,300 in 2015 to $201,000 in 2022, suggesting an affordable yet appreciating market appealing to buyers seeking value growth. Average taxable incomes also show steady growth, peaking at $63,041.71 in 2021, reflecting a potentially strengthening local economy. Tax liabilities have shown mild upward trends, with significant... Read more
Custer County Market Trends
Custer County, Montana has seen its median home values rise from $137,300 in 2015 to $201,000 in 2022, trailing behind the state median but exceeding the national median. This contrast suggests an affordable yet appreciating market, appealing for buyers seeking value growth. Recent spikes in residential energy tax credits highlight a growing interest in energy efficiency, impacting property... Read more
Median Value of Occupied Housing Units in Custer County, Montana Over the Last 8 Years
Over the past eight years, Custer County, Montana, has seen median home values grow from $137,300 in 2015 to $201,000 in 2022. While this shows steady appreciation, it's worth noting that the county still trails behind the state median, which leaped from $193,500 to $305,700 in the same period. Comparatively, the national median increased from $125,500 to $179,400, positioning Custer County above the national average but significantly below the state median. This could suggest opportunities for more affordable housing investments in a region with rising property values, making it potentially attractive for buyers seeking value growth without the higher entry point seen in other parts of Montana.
Residential Energy Tax Credit Per Tax Return in Custer County, MT Over the Last 8 Years
Custer County, Montana has experienced notable fluctuations in residential energy tax credits over the past eight years, with averages ranging from $166.67 to $366.67. A significant spike occurred in 2021, peaking at $366.67 which suggests recent investments in energy efficiency. Prior years have shown variability but a general upward trend from 2019 onward. For real estate agents, developers, and property investors, this could indicate increasing homeowner interest in energy-saving upgrades, potentially enhancing property value and appeal. Adjustments in these credits might be relevant for insurance agents assessing risk on energy-efficient homes or appraisers considering energy improvements in valuations.
Average Real Estate Taxes Per Tax Return in Custer County, MT Over the Last 10 Years
Over the last decade, real estate taxes in Custer County, Montana have shown a noticeable upward trend. Starting at $2,071.93 in 2012, they peaked at $3,640.00 by 2020, settling slightly lower at $3,542.10 in 2021. This steady increase may suggest rising property values or changes in local tax policies, important factors for potential investors, property developers, and current residents to monitor closely.
Percentage of Farm Returns in Custer County, MT Over the Last 10 Years
Over the last decade, Custer County, Montana has seen farm tax returns oscillate between approximately 7.35% and 8.55%. The highest point, 8.55%, was observed in 2014 while the lowest, 7.35%, appeared in 2021. These fluctuations could point to varying agricultural outputs or changing economic policies impacting local farms. For those considering investment or property development, these trends suggest the agricultural sector maintains a relatively consistent contribution to the county's tax base.
Number of Mortgages by Occupancy Type in Custer County, MT Over the Last 5 Years in Custer County
Over the past five years, Custer County, Montana has seen a substantial fluctuation in mortgage counts for different occupancy types, with a notable predominance of principal residences over investment and second residences. For those looking to invest in the area, these trends suggest a local market predominantly focused on long-term homeownership, which could imply stability in community demographics and less turnover in rental properties. Real estate agents may find this advantageous when marketing homes to potential buyers, while appraisers and insurance agents should consider this steady demand for principal residences when assessing property values and insurance risk. For developers, the relatively low and consistent interest in second homes and investment properties might indicate a cautious approach to speculative building would be wise.
Economic Outlook
In Custer County, Montana, average taxable incomes have seen steady growth, peaking in recent years with figures like $62,256.14 in 2020 and $63,041.71 in 2021, suggesting a potentially strengthening local economy. Meanwhile, average state and local income taxes per tax return have risen significantly, surpassing $10,000.00 in both 2020 and 2021, which may affect real estate appraisals and property investment attractiveness. The average total tax liability per tax return has been more variable... Read more
Average Taxable Income per Tax Return in Custer County, MT over the last 9 years
In Custer County, Montana, the average taxable income per tax return has shown a general upward trend over the past nine years. Notably, there was a consistent increase until 2015, a slight dip in 2016 and 2017, followed by a rebound in 2018 and 2019. The most significant jumps occurred in 2020 and 2021, with the average reaching $62,256.14 and $63,041.71 respectively. These trends might indicate a strengthening local economy, making it potentially appealing for investors, real estate agents, and new residents.
Average State and Local Income Taxes Per Tax Return in Custer County, MT Over the Last 10 Years
Average state and local income taxes per tax return in Custer County, Montana have shown a notable upward trend in the past decade. Starting at around $6,248.80 in 2012, the taxes surged beyond $10,000.00 by 2020 and 2021. This steady increase points to various potential factors, such as economic growth or adjustments in tax policies, which could impact real estate appraisals, insurance premiums, and overall property investment attractiveness. For real estate agents and investors, understanding these tax trends is key to assessing the living costs and long-term investment potential in the region.
Average Total Tax Liability Per Tax Return in Custer County, MT Over the Last 10 Years
Custer County, Montana's average total tax liability per tax return has shown notable fluctuations over the past decade, with a peak at $10,561.38 in 2015 and a low of $7,704.07 in 2016. Recent years suggest a mild upward trend, with the figure reaching $9,428.89 in 2020 but slightly dipping to $8,880.50 in 2021. These variations likely reflect shifts in local economic conditions, property values, and possibly changes in tax policy that potential investors, real estate professionals, and residents should consider when planning financially.
Cost of Living in Custer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,371 | $1,516 | $1,968 | $1,204 | $1,427 |
| 1 adult 4 children | $1,371 | $1,238 | $1,524 | $1,204 | $1,574 |
| 2 adults 3 children | $1,371 | $1,239 | $1,698 | $1,204 | $1,173 |
| 1 adult 3 children | $1,371 | $1,011 | $1,254 | $1,204 | $1,301 |
| 2 adults 2 children | $973 | $1,014 | $1,428 | $1,043 | $924 |
| 1 adult 2 children | $973 | $757 | $984 | $1,043 | $912 |
| 2 adults 1 child | $973 | $801 | $1,159 | $522 | $826 |
| 1 adult 1 child | $973 | $518 | $714 | $522 | $703 |
| 2 adults | $739 | $644 | $889 | $0 | $633 |
| 1 adult | $702 | $351 | $444 | $0 | $573 |
Safety trends & Data
Property crime trends in Custer County, Montana reveal fluctuating larceny-theft incidents, reaching a peak of 52 cases in 2019 and then declining to 10 in 2022. Burglary and motor vehicle theft incidents have stayed relatively low and steady, while vandalism remains consistently low. With fraud and arson being rare, the recent decline in some property crimes might attract investors and residents looking for a quieter, potentially safer... Read more
Property Crime Trends in Custer County, MT Over the Last 5 Years
Property crime trends in Custer County, Montana over the past five years show fluctuating activity, particularly in larceny-theft incidents, which peaked in 2019 with 52 reported cases and then gradually declined, hitting 10 in 2022. Burglary and motor vehicle theft incidents remained relatively low and steady, with minimal annual changes. Vandalism incidents appear consistent but low across the years. Notably, fraud and arson are rare. This stability and recent decline in certain property crimes might pique the interest of potential investors and residents seeking a quieter, perhaps safer area.
Demographics
Custer County, Montana displays a somewhat balanced gender ratio among adults, with men slightly outnumbering women. Educational attainment reveals a high percentage of high school graduates, though there's a sizable contingent that pursued some college without earning a degree. Age distribution trends toward older adults, especially those aged 55 to 64 years. The population remains predominantly White, with only modest representation from other racial groups. These demographics might hint at a... Read more
Race Distribution in Custer County, Montana (2022)
Educational Attainment in Custer County, Montana (2022)
Age Distribution in Custer County, Montana
Citizen Population in Custer County, Montana (2022)
Political Trends & Data
In Custer County, Montana, real estate market dynamics might be influenced by its predominantly Republican-leaning electorate, with 72% support in the 2020 U.S. Presidential Election. This political profile could subtly hint at a stable, perhaps conservative approach to community development and property investments. The 26% Democratic support, along with a 2% interest in Libertarian candidates, suggests a still-diverse market perspective that keeps room for varying ideological preferences,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Custer County, Montana, Republican support seemed robust in the 2020 U.S. Presidential Election, with approximately 72% of the vote. Democrats garnered around 26%, suggesting a notable but clearly secondary presence. Libertarian candidates managed to capture a modest 2%, reflecting the county’s limited but existent interest in third-party options. This distribution indicates a predominantly Republican-leaning electorate with minor yet significant support for other viewpoints.
71.76% of voters voted for the Republican party in the 2020 Presidential Election
25.84% of voters voted for the Democrat party in the 2020 Presidential Election
2.41% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Custer County, Montana, currently boasts a student-to-teacher ratio of 10:1, which has increased from a low of 8:1 in 2018 but remains below the national average of 14:1. This trend could imply better education quality due to smaller class sizes, appealing to families and individuals considering relocation. For investors and real estate developers, this may signal a community that values education, possibly reflecting positive resource allocation and community... Read more
Student-to-teacher ratio in Custer County, Montana over the last 10 years
Custer County, Montana has seen fluctuations in its student-to-teacher ratio over the past decade, settling at 10 students per teacher in 2023. While lower than the national average of 14 students per teacher, this ratio has gradually increased from a low of 8 in 2018. Investors and real estate developers might view this as an indication of smaller class sizes and potentially higher quality of education. For families and individuals considering relocation, a lower student-to-teacher ratio often suggests more personalized attention for students, potentially enhancing educational outcomes. For appraisers and insurance agents, stability in this ratio might reflect on community growth and resource allocation.
