Granite County Real Estate and Livability Trends
Granite County, Montana has seen impressive growth in average taxable income, from about $48,162.41 in 2013 to approximately $88,896.08 in 2021, suggesting a trend towards economic stability that could attract homebuyers and investors. Median home values have also surged, climbing from $216,300 in 2015 to $283,300 in 2022, sometimes outpacing national averages, indicating a strong housing market.... Read more
Granite County Market Trends
Granite County's housing market has experienced significant growth over the past eight years, with median home values jumping from $216,300 in 2015 to $283,300 in 2022, sometimes outpacing national trends. Real estate taxes in the area have also seen volatilities, surging to $4,122.22 in 2018 before stabilizing around $3,757.14 by 2021. Farm tax returns fluctuated between 7.97% in 2012 and 8.96%... Read more
Median Value of Occupied Housing Units in Granite County, Montana Over the Last 8 Years
Granite County's housing market has seen dynamic shifts over the past eight years, with median home values rising from $216,300 in 2015 to $283,300 in 2022. This growth often surpasses the national median home values, which increased from $125,500 to $179,400 over the same period. While Granite County occasionally lagged behind Montana overall, which saw values soar to $305,700 in 2022, the county’s market still showed noteworthy resilience and potential for appreciation. This could be enticing for potential investors and homebuyers considering the area.
Residential Energy Tax Credit Per Tax Return in Granite County, MT Over the Last 3 Years
In Granite County, Montana, the average residential energy tax credit per tax return has shown notable fluctuations over the past three years. In 2013, the average was $400.00, but this dropped significantly to $150.00 by 2015 before rebounding to $300.00 in 2016. This variability might suggest changing incentives or uptake in energy-efficient home improvements, potentially impacting investment and property value considerations.
Average Real Estate Taxes Per Tax Return in Granite County, MT Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Granite County, Montana have shown notable fluctuations. Starting at around $2,210.00 in 2012, real estate taxes saw a gradual increase until experiencing a significant spike to around $4,122.22 in 2018. Post-2018, figures dipped slightly but remained relatively high, settling at approximately $3,757.14 by 2021. This trend suggests potential volatility in property tax assessments, which could impact decisions for investors, real estate agents, and appraisers focusing on property values and tax liabilities in that area.
Percentage of Farm Returns in Granite County, MT Over the Last 10 Years
Farm tax returns in Granite County, Montana have shown quite a bit of fluctuation over the past decade. Starting at around 7.97% in 2012, they experienced a gradual increase, peaking at 8.96% in 2014, but then saw some dips and rises, eventually stabilizing around the 7.33% mark by 2021. These variations might suggest some volatility in the agricultural sector, which could be of interest to those considering investments or property development here. For potential investors or residents, understanding these fluctuations in farm tax returns may provide insights into the local economy's health and its reliance on agricultural productivity.
Number of Mortgages by Occupancy Type in Granite County, MT Over the Last 5 Years in Granite County
Over the past five years, there's been a noticeable shift in mortgage trends among different occupancy types in Granite County, Montana. Principal residences tend to dominate the market, peaking in 2021 with 168 mortgages, indicative of a robust interest in settling down in the area. Investment properties, while experiencing a slight uptick in 2021, generally hold a smaller share, suggesting Granite County might not be a primary target for real estate investors. Second residences also show variability, reflecting possibly fluctuating interest in vacation homes. These trends could be critical for investors and real estate agents assessing property values and market conditions, while insurance agents may need to account for the changing risk profiles between primary and secondary homes. Appraisers and those looking to build property should note these shifts, as they can impact long-term demand and planning strategies.
Economic Outlook
Granite County, Montana has experienced a considerable rise in average taxable income per tax return over the past nine years, jumping from around $48,162.41 in 2013 to approximately $88,896.08 in 2021. This trend possibly signals growing economic stability and wealth accumulation, relevant to investors and homebuyers. Additionally, the average state and local income taxes per tax return have increased significantly, from $4,976.47 in 2012 to $11,722.22 in 2021, which may reflect changing... Read more
Average Taxable Income per Tax Return in Granite County, MT over the last 9 years
Over the past nine years, Granite County, Montana has seen a notable increase in average taxable income per tax return, beginning at approximately $48,162.41 in 2013 and reaching around $88,896.08 in 2021. This upward trend may suggest a growing economic stability and wealth accumulation in the area, which could be of interest to potential investors, homebuyers, appraisers, and insurance agents. The significant jump in income from 2020 to 2021 is especially noteworthy, perhaps indicating recent economic developments or demographic shifts. For those involved in real estate or considering moves to Granite County, these figures could point towards a robust local economy.
Average State and Local Income Taxes Per Tax Return in Granite County, MT Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Granite County, Montana have shown a general upward trend. From $4,976.47 in 2012 to a notable $11,722.22 in 2021, taxpayers have seen a significant increase. Particularly sharp rises from 2018 onward might indicate changing economic conditions or policy revisions. This pattern could be significant for prospective investors, real estate agents, and current residents, possibly affecting property values and investment decisions due to shifting financial obligations.
Average Total Tax Liability Per Tax Return in Granite County, MT Over the Last 10 Years
Granite County, Montana has seen a notable increase in the average total tax liability per tax return over the last decade. Starting at approximately $7,788.12 in 2012, the figure has risen significantly to around $16,180.65 by 2021. Some key years reflect more profound jumps, such as between 2016 and 2017, and again from 2019 to 2020. This trend could indicate substantial economic activities or shifts in tax policies impacting residents. For potential investors, real estate agents, or individuals looking to move, these changes hint at evolving economic conditions within the county, which can affect everything from property values to local business investments.
Cost of Living in Granite County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,721 | $1,968 | $1,119 | $1,567 |
| 1 adult 4 children | $1,174 | $1,406 | $1,524 | $1,119 | $1,699 |
| 2 adults 3 children | $1,174 | $1,406 | $1,698 | $1,119 | $1,277 |
| 1 adult 3 children | $1,174 | $1,148 | $1,254 | $1,119 | $1,403 |
| 2 adults 2 children | $826 | $1,151 | $1,428 | $970 | $1,004 |
| 1 adult 2 children | $826 | $860 | $984 | $970 | $996 |
| 2 adults 1 child | $826 | $910 | $1,159 | $485 | $892 |
| 1 adult 1 child | $826 | $588 | $714 | $485 | $741 |
| 2 adults | $664 | $731 | $889 | $0 | $707 |
| 1 adult | $596 | $399 | $444 | $0 | $598 |
Safety trends & Data
Granite County, Montana has experienced a variable trend in property crimes over the past three years. In 2019, only one theft was recorded, but by 2022, theft incidents doubled, accompanied by one motor vehicle theft and one fraud case. These shifts could suggest changing criminal patterns or reporting practices, a factor worth noting for potential investors and residents when considering safety and insurance... Read more
Property Crime Trends in Granite County, MT Over the Last 3 Years
Granite County, Montana has seen a fluctuating trend in property crimes over the past three years, with noticeable spikes and dips. In 2019, there was a single recorded theft, while 2020 saw a case of vandalism. By 2022, property crimes had diversified, with incidents of theft doubling to two, alongside one motor vehicle theft and one fraud case. These changes may suggest shifting criminal patterns or reporting behaviors, something investors and residents might want to consider when evaluating the area's safety and insurance needs.
Demographics
Granite County, Montana exhibits a slightly higher male population compared to females. Educational attainment shows a prevalence of high school graduates and people with some college experience, but a modest proportion holding graduate degrees. The age distribution skews toward older adults, particularly those aged 55 years and above. Racially, the county is overwhelmingly White, with minuscule representation from other ethnic groups. These trends could influence local policy decisions and... Read more
Race Distribution in Granite County, Montana (2022)
Educational Attainment in Granite County, Montana (2022)
Age Distribution in Granite County, Montana
Citizen Population in Granite County, Montana (2022)
Political Trends & Data
Granite County, Montana leans heavily Republican, with about 67.5% of the 2020 Presidential Election votes supporting the party. Democrats secured around 30.4%, indicating a considerably lower presence, and the Libertarian party captured a modest 2.1%. This political landscape may shape local policy decisions, potentially influencing real estate market dynamics and community planning in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Granite County, Montana saw a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, with approximately 67.5% of the votes. The Democrat party possibly garnered around 30.4% of the votes, while the Libertarian party received a smaller, yet noteworthy, share at roughly 2.1%. These figures suggest a strong Republican presence in the area, with other parties capturing less enthusiasm among the electorate.
67.51% of voters voted for the Republican party in the 2020 Presidential Election
30.35% of voters voted for the Democrat party in the 2020 Presidential Election
2.14% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Granite County, Montana's student-to-teacher ratio has generally remained below the national average, dipping to 9 in 2019 and 2020 before slightly increasing to 10.87 in 2023. Smaller classroom sizes often suggest more personalized attention for students, which could appeal to families and potentially make the area more attractive for residential investment. Real estate agents and investors might find opportunities in promoting properties that benefit from high-quality education facilitated by... Read more
Student-to-teacher ratio in Granite County, Montana over the last 10 years
The student-to-teacher ratio in Granite County, Montana has shown some fluctuations over the past decade, generally remaining below the national average of 14 students per teacher. The ratio dipped to as low as 9 in 2019 and 2020, indicating smaller classroom sizes compared to the national average. Recently, the ratio has experienced a slight uptick, reaching 10.87 in 2023. Lower ratios often suggest more personalized attention for students, which could appeal to families moving into the area and might make the region more attractive for residential investment. On the flip side, real estate agents and investors may find opportunities in marketing properties with the advantage of high-quality education facilitated by lower student-to-teacher ratios.
