Fallon County Real Estate and Livability Trends
Fallon County, Montana's real estate market reveals some compelling trends. The median home value rose to $231,300 in 2022, which is still significantly lower than Montana’s average of $305,700, possibly appealing to budget-conscious investors. Energy tax credits per tax return have increased, indicating a growing interest in energy-efficient home improvements. Property taxes have surged to... Read more
Fallon County Market Trends
Fallon County, Montana has seen its median home value rise to $231,300 in 2022, significantly lower than Montana’s average of $305,700, perhaps making it an attractive investment for those priced out of higher-cost counties. Interestingly, residential energy tax credits per tax return have been climbing, hinting at growing homeowner investment in energy-efficient improvements. Real estate taxes... Read more
Median Value of Occupied Housing Units in Fallon County, Montana Over the Last 8 Years
The median home value in Fallon County, Montana has seen an upward trend over the past eight years, but its pace lags behind both the state and national averages. For instance, in 2022, the median home value in Fallon County reached $231,300, which is significantly lower compared to Montana's $305,700 and the national average of $179,400. This relatively slower growth might present attractive investment opportunities for buyers who are priced out of higher-cost counties in Montana or other states, while still benefitting from an overall positive appreciation trend.
Residential Energy Tax Credit Per Tax Return in Fallon County, MT Over the Last 3 Years
Fallon County, Montana has seen a notable increase in residential energy tax credits per tax return over the past three years, starting at $200.00 in 2013 and rising to $233.33 in both 2014 and 2015. This trend could signal growing homeowner investments in energy-efficient improvements, potentially making the location more appealing for eco-conscious buyers and investors. The steady growth in tax credits might also suggest stability and incentives for those considering building or upgrading properties with energy-efficient features. This could be particularly relevant for appraisers and real estate agents looking to highlight added value in property assessments.
Average Real Estate Taxes Per Tax Return in Fallon County, MT Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Fallon County, Montana have experienced a steady upward trajectory. Starting at $1,023.08 in 2012, the taxes saw an initial dip to $907.41 in 2013 but have since risen significantly, peaking at $2,250.00 in 2021. This trend may indicate an increasing valuation of properties or rising tax rates, which could impact both current homeowners and potential buyers. For those involved in real estate, from appraisers to insurance agents, understanding these changes is crucial for making informed decisions.
Percentage of Farm Returns in Fallon County, MT Over the Last 10 Years
The percentage of farm tax returns in Fallon County, Montana, has fluctuated marginally over the past decade. Starting from 15.23% in 2012, it saw a gradual increase, peaking at around 17.52% in 2016, before dipping slightly to 16.32% in 2021. These returns generally indicate active farming operations, making them a crucial indicator for those interested in agricultural investments or rural property development in the area. Increased percentages might suggest more robust farming activity, potentially impacting land values and economic opportunities related to agriculture.
Number of Mortgages by Occupancy Type in Fallon County, MT Over the Last 5 Years in Fallon County
Over the past five years, Fallon County, Montana has seen fluctuations in mortgage counts for principal residences, investment properties, and second residences. Notably, the number of mortgages for principal residences has consistently led the pack, peaking at 97 in 2021 before dropping to 67 in 2022. Investment properties have remained relatively stable but low, generally hovering around 3-4 per year except for a significant drop to 1 in 2022. Second residences have consistently seen minimal activity, never surpassing 2 mortgages annually. These trends could have important implications for various stakeholders; for example, potential investors might be wary due to the relatively low number of investment property mortgages, and real estate agents might focus more on principal residence buyers given the clear demand. Those planning to build new properties or appraise current ones should consider these occupancy trends as they influence market dynamics and economic activity in the region.
Economic Outlook
Fallon County, Montana's real estate market has seen notable fluctuations in economic indicators over the past decade. Average taxable income per tax return peaked at $83,900.00 in 2014 but dipped to $66,745.93 by 2021. Similarly, state and local income taxes varied, peaking at $10,329.73 in 2015 and generally hovering between $7,000.00 and $9,000.00 lately. The total tax liability also saw considerable changes, dropping from a peak of $15,389.84 in 2014 to $8,151.40 by 2021. These economic... Read more
Average Taxable Income per Tax Return in Fallon County, MT over the last 9 years
Fallon County, Montana has experienced notable fluctuations in average taxable income per tax return over the past nine years. Peaking at $83,900.00 in 2014, the average declined to $63,082.22 by 2020 but showed slight recovery to $66,745.93 in 2021. These trends may impact economic stability and attractiveness for potential investors, real estate endeavors, and financial assessments within the region.
Average State and Local Income Taxes Per Tax Return in Fallon County, MT Over the Last 10 Years
Over the past decade, Fallon County, Montana has seen some fluctuations in average state and local income taxes per tax return, with figures peaking around $10,329.73 in 2015 and dipping to $6,668.57 in 2017. Despite these variations, the average has generally remained between $7,000.00 and $9,000.00 in recent years. Such trends may indicate changing economic conditions, tax policies, or shifts in the local populace's earnings, which could be crucial for potential investors, real estate agents, and new residents to assess the financial environment of the area.
Average Total Tax Liability Per Tax Return in Fallon County, MT Over the Last 10 Years
Over the past decade, Fallon's average total tax liability per tax return demonstrates significant ups and downs, reflecting potential economic shifts and local policy changes. Peaking at $15,389.84 in 2014, the liability saw a gradual decrease to its lowest at $8,151.40 in 2021. This fluctuation could suggest variations in local income levels, economic activities, or shifting population demographics, which are essential considerations for investors, real estate agents, and insurance providers assessing the area’s economic health and future prospects.
Cost of Living in Fallon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,118 | $1,488 | $1,968 | $1,223 | $1,376 |
| 1 adult 4 children | $1,118 | $1,215 | $1,524 | $1,223 | $1,525 |
| 2 adults 3 children | $1,118 | $1,216 | $1,698 | $1,223 | $1,123 |
| 1 adult 3 children | $1,118 | $992 | $1,254 | $1,223 | $1,251 |
| 2 adults 2 children | $919 | $995 | $1,428 | $1,060 | $961 |
| 1 adult 2 children | $919 | $743 | $984 | $1,060 | $966 |
| 2 adults 1 child | $919 | $786 | $1,159 | $530 | $856 |
| 1 adult 1 child | $919 | $508 | $714 | $530 | $732 |
| 2 adults | $698 | $632 | $889 | $0 | $658 |
| 1 adult | $663 | $345 | $444 | $0 | $592 |
Safety trends & Data
Fallon County, Montana may pose some potential risks for property investors due to fluctuating property crime rates. Noteworthy is the spike in vandalism incidents from 1.00 in 2019 to 4.00 in 2021. While motor vehicle theft and larceny-theft saw brief rises, they did not maintain consistent upward trends. New data showing 1.00 burglary incident in 2021 could also raise concerns. This dynamic landscape is vital for real estate agents and prospective buyers to factor in when assessing... Read more
Property Crime Trends in Fallon County, MT Over the Last 4 Years
Fallon County, Montana has shown a fluctuating pattern in property crimes over the last four years, with notable increases in specific areas. For instance, vandalism incidents grew from 1.0 in 2019 to 4.0 in 2021, indicating a potential spike in property damage concerns. Motor vehicle theft and larceny-theft saw a brief rise but didn't maintain consistent upward trends. While burglary appeared in the data for the first time in 2021 with 1.0 incident. This dynamic crime landscape may interest investors, real estate agents, and prospective residents or business owners looking for insights into property-related risks in the area.
Demographics
Fallon County, Montana, illustrates a slight predominance of females over males within its adult population. The educational landscape reveals a strong emphasis on high school education, with a significant number pursuing higher educational degrees. Age distribution indicates a balanced spread across various age groups, though there is a noticeable decrease in the number of individuals aged 15 to 24 and a lower proportion of those aged 75 and over. Racially, the county is predominantly White,... Read more
Race Distribution in Fallon County, Montana (2022)
Educational Attainment in Fallon County, Montana (2022)
Age Distribution in Fallon County, Montana
Citizen Population in Fallon County, Montana (2022)
Political Trends & Data
Fallon County, Montana, showed a strong Republican preference during the 2020 U.S. Presidential Election, with approximately 87% of the votes favoring the GOP. Democrats only captured a little over 10%, making it a tough spot for liberal candidates. Meanwhile, Libertarians had a minor presence, securing less than 2% of the vote. This conservative leaning could potentially impact local policies and development priorities, shaping the region's future growth... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fallon County, Montana, displayed a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with roughly 87% of the vote. Democrats garnered just over 10%, making it a challenging environment for any left-leaning candidates. Libertarian candidates, while present, received less than 2%. This voting pattern suggests the region has strong conservative preferences.
87.30% of voters voted for the Republican party in the 2020 Presidential Election
10.92% of voters voted for the Democrat party in the 2020 Presidential Election
1.78% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the past decade in Fallon County, Montana, the student-to-teacher ratio has consistently been significantly below the national average of 14:1, fluctuating between 6 and 8 students per teacher. This could suggest a higher quality of education due to more individualized attention, which may be attractive to homebuyers and investors. For real estate professionals, this trend can be a unique selling point, while builders and insurance agents might see this as a factor influencing community... Read more
Student-to-teacher ratio in Fallon County, Montana over the last 10 years
Over the past decade in Fallon County, Montana, the student-to-teacher ratio has stayed significantly below the national average of 14 students per teacher, with values fluctuating between 6 and 8 students per teacher. This trend may have implications for those looking to invest in or move to the area, as lower ratios often suggest more individualized attention for students and potentially higher quality of education. For real estate agents, appraisers, and potential homebuyers, this characteristic could be a selling point indicating a strong educational environment. Additionally, builders and insurance agents might find this data relevant when considering the community development and infrastructure needs tied to the local school system.
