Garfield County Real Estate and Livability Trends
In Garfield County, Montana, the real estate market has experienced some notable trends. Median home values fluctuated over the past eight years, peaking at $164,900 in 2022. Although these values are lower than state and national medians, the area's economic volatility and consistent agricultural productivity could offer unique opportunities for investors. Meanwhile, local tax trends, including... Read more
Garfield County Market Trends
Garfield County, Montana's median home values have shown notable fluctuations over the past eight years, starting at $150,000 in 2015 and peaking at $164,900 in 2022, but remain lower than the state median of $305,700 and the national values at $179,400 for the same year. Real estate taxes have also seen significant volatility, with figures like the $1,325.00 average in 2015, indicating potential... Read more
Median Value of Occupied Housing Units in Garfield County, Montana Over the Last 8 Years
Garfield County, Montana's median home values saw considerable fluctuations over the last eight years, starting at $150,000 in 2015, dipping to $105,800 by 2018, and then climbing back to $164,900 in 2022. These values are notably lower compared to Montana's state median, which rose steadily from $193,500 in 2015 to $305,700 in 2022, and also trail behind national values that increased from $125,500 to $179,400 in the same period. This divergence might suggest Garfield County offers more affordable housing opportunities, a potential draw for investors or new residents looking for lower entry costs in a market backed by broader upward trends.
Average Real Estate Taxes Per Tax Return in Garfield County, MT Over the Last 6 Years
Garfield County, Montana, has seen some fluctuation in average real estate taxes per tax return over the past six years. Initial dips and peaks, such as a drop to $950.00 in 2013, suggest volatility, which spiked significantly to $1,325.00 in 2015. This variability could indicate shifts in property values or assessment policies. Investors and real estate agents may find this data relevant, as it hints at potential opportunities or risks when considering property in this region. Better predictability in tax trends might be particularly useful for long-term financial planning for residents and property developers.
Percentage of Farm Returns in Garfield County, MT Over the Last 10 Years
Over the past decade, Garfield County, Montana has seen the percentage of farm returns from roughly 35.71% in 2012 to approximately 39.06% in 2021. Farm tax returns, essentially the documentation filed by individuals or businesses that report farm income and expenses, offer insights into agricultural productivity and economic conditions in the area. These figures could be indicative of moderate stability in the farming sector, potentially drawing interest from investors or those looking to establish agricultural operations. The relatively steady percentages might also be reassuring for current residents and property developers considering the agricultural viability in Garfield County.
Number of Mortgages by Occupancy Type in Garfield County, MT Over the Last 5 Years in Garfield County
Garfield County, Montana, has experienced some fluctuations in mortgage counts over the last five years, particularly for principal residences. In 2021, principal residences saw a notable spike, with 21 mortgages compared to an average of around 11 in other years. Investment properties and second residences remained relatively stable with slight variations, but never eclipsed the 3-mortgage mark in any given year. Changes in occupancy types can reflect broader economic trends, such as increased demand for primary housing potentially driven by local employment opportunities or shifts in population demographics. For investors and real estate professionals, these patterns might hint at emerging opportunities or risks in the housing market, while appraisers and insurance agents can use such data to better gauge property values and risk profiles.
Economic Outlook
In Garfield County, Montana, average taxable income per tax return has shown fluctuations, peaking at $53,552.83 in 2014, then dipping to $35,990.57 by 2018, and recovering to around $53,071.70 in 2021. This economic volatility poses challenges and opportunities for investors and real estate professionals. State and local income taxes per tax return also exhibited variability, with a peak of $6,485.71 in 2016 and a notable drop to $5,314.29 in 2017. These tax trends could significantly impact... Read more
Average Taxable Income per Tax Return in Garfield County, MT over the last 9 years
Garfield County, Montana has seen some fluctuations in average taxable income per tax return over the past nine years. After peaking at $53,552.83 in 2014, there was a noticeable decline to $35,990.57 by 2018. However, recent years show a recovery with 2021 figures approaching earlier highs at around $53,071.70. This data may signal economic volatility, potentially offering both challenges and opportunities for investors, property developers, and real estate professionals.
Average State and Local Income Taxes Per Tax Return in Garfield County, MT Over the Last 6 Years
Garfield County, Montana has seen fluctuating trends in average state and local income taxes per tax return over the past six years, with a notable peak in 2016 at $6,485.71. While generally showing an upward trend from $4,900.00 in 2012 to the high in 2016, taxes dropped to $5,314.29 in 2017. This variability might be attributed to changing local economic conditions or tax policies, which could impact decisions for potential investors and real estate agents. Higher-than-average taxes could influence housing market dynamics, investment attractiveness, and cost of living considerations for current and prospective residents.
Average Total Tax Liability Per Tax Return in Garfield County, MT Over the Last 10 Years
Garfield County, Montana has seen fluctuating total tax liabilities on tax returns over the past decade, with noteworthy peaks in 2014 ($7323.26), 2015 ($7732.56), and a significant rise in 2021 ($9746.15). This could suggest varying economic conditions or changes in income levels. Investors, real estate agents, and existing residents might find the recent upsurge in 2021 especially interesting as it may indicate increased economic activity or property values, making Garfield County a potential area to watch for future developments.
Cost of Living in Garfield County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,119 | $1,456 | $1,968 | $1,063 | $1,353 |
| 1 adult 4 children | $1,119 | $1,189 | $1,524 | $1,063 | $1,504 |
| 2 adults 3 children | $1,119 | $1,189 | $1,698 | $1,063 | $1,101 |
| 1 adult 3 children | $1,119 | $971 | $1,254 | $1,063 | $1,230 |
| 2 adults 2 children | $826 | $974 | $1,428 | $922 | $914 |
| 1 adult 2 children | $826 | $727 | $984 | $922 | $904 |
| 2 adults 1 child | $826 | $769 | $1,159 | $461 | $829 |
| 1 adult 1 child | $826 | $497 | $714 | $461 | $704 |
| 2 adults | $650 | $618 | $889 | $0 | $663 |
| 1 adult | $596 | $337 | $444 | $0 | $589 |
Demographics
Garfield County, Montana has a slightly higher population of females compared to males. Educational attainment shows a noticeable lean towards high school graduates and those with some college education, but degrees beyond that follow a sharp decline. Age distribution reveals a balanced spread, with younger and older demographics fairly represented, though there's a dip in the teenage to early adult years. The racial composition is overwhelmingly White, with minimal representation from other... Read more
Race Distribution in Garfield County, Montana (2022)
Educational Attainment in Garfield County, Montana (2022)
Age Distribution in Garfield County, Montana
Citizen Population in Garfield County, Montana (2022)
Political Trends & Data
Garfield County, Montana, showed a strong conservative leaning in the 2020 U.S. Presidential Election, with nearly 94% voting Republican, while Democrats and Libertarians secured around 5% and 1%, respectively. This overwhelming support for Republican candidates could indicate a preference for conservative policies, potentially impacting local governance and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Garfield County, Montana, leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 94% of the vote. Democrats and Libertarians trailed significantly, garnering just around 5% and 1% of the vote, respectively. No support was recorded for the Green Party or other candidates, highlighting what could be a strong conservative preference in this region. The data might suggest the county’s overwhelming support for Republican policies and candidates.
93.97% of voters voted for the Republican party in the 2020 Presidential Election
5.04% of voters voted for the Democrat party in the 2020 Presidential Election
0.98% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Garfield County, Montana typically ranges from 7 to 9 students per teacher, notably lower than the national average of 14. Smaller class sizes might offer more personalized education, making the area attractive for families focused on quality schooling. This could positively influence real estate values and the market's appeal, presenting an interesting angle for investors and... Read more
Student-to-teacher ratio in Garfield County, Montana over the last 10 years
The student-to-teacher ratio in Garfield County, Montana has shown notable fluctuations over the past decade, with values generally oscillating between 7 and 9 students per teacher. Compared to the national average of 14 students per teacher, Garfield County consistently maintains smaller class sizes, which could potentially provide more personalized attention and individualized instruction. This trend might influence decisions for families prioritizing education quality, as well as impact real estate values and the desirability of the area. Investors, real estate agents, and those planning to build property here might consider this a positive attribute, potentially enhancing the appeal of the local market.
