Hill County Real Estate and Livability Trends
Hill County, Montana's median home values have climbed from $128,800 in 2015 to $183,300 in 2022, still below the state and national averages, pointing to affordable investment opportunities. Property taxes per return nearly hit $3,183.33 by 2020, hinting at increasing property values. Fluctuations in residential energy tax credits—peaking at $390.00 in 2021—highlight potential for... Read more
Hill County Market Trends
Hill County, Montana has experienced a steady rise in median home values from $128,800 in 2015 to $183,300 in 2022, trailing behind the state average of $305,700 and the national average of $179,400, suggesting potential for more affordable investments. Residential energy tax credits per tax return fluctuated, peaking at $390.00 in 2021, hinting at varying energy policy impacts and investment... Read more
Median Value of Occupied Housing Units in Hill County, Montana Over the Last 8 Years
Over the past eight years, Hill County, Montana has seen a steady increase in median home values, from $128,800 in 2015 to $183,300 in 2022. Although Hill County’s growth mirrors broader national trends, the median home values here notably lag behind both state and national averages, with Montana boasting $305,700 in 2022 and the nation at $179,400. This divergence could present unique opportunities for potential home buyers or investors seeking more affordable properties within the region, especially given the steady increase which suggests growing demand.
Residential Energy Tax Credit Per Tax Return in Hill County, MT Over the Last 8 Years
Hill County, Montana has seen notable fluctuations in the average residential energy tax credit per tax return over the past eight years. After starting at $255.00 in 2013, there was a rise peaking at $333.33 in both 2017 and 2019, followed by a low of $166.67 in 2020, and finally reaching $390.00 in 2021. These variations suggest periodic changes in energy-saving investments or policy shifts impacting tax credits, which could be of interest to investors, real estate agents, and those considering energy-efficient property improvements in the area.
Average Real Estate Taxes Per Tax Return in Hill County, MT Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Hill County, Montana have shown a general upward trend, with notable increases in recent years. Starting at approximately $2,121.33 in 2012, the average taxes jumped to around $3,183.33 by 2020. The escalation, especially marked post-2016, suggests increasing property values or changes in tax policies, making Hill County potentially less affordable for new buyers and impacting investment returns. This trend is valuable for investors, real estate agents, and potential residents who need to anticipate higher carrying costs in their financial planning.
Percentage of Farm Returns in Hill County, MT Over the Last 10 Years
Hill County, Montana has seen a relatively stable percentage of farm tax returns over the last decade, generally hovering around the 4.50% range, peaking in 2013 at about 5.06%, and dipping just below 4.30% in 2020. Farm tax returns, essentially the proportion of tax filings reporting farm income, offer a lens into the agricultural economic landscape. This trend suggests a persistent, albeit slightly fluctuating, agricultural sector which could interest potential investors, property developers, or those considering relocation due to its consistent contribution to the local economy.
Number of Mortgages by Occupancy Type in Hill County, MT Over the Last 5 Years in Hill County
Hill County, Montana has shown fluctuating trends in mortgage counts by occupancy type over the last five years, with principal residences consistently dominating the market. The number of mortgages for principal residences peaked at 635 in 2021, indicating a strong primary housing market. However, investment properties have also been on a gradual rise, more than doubling from 7 in 2018 to 26 in 2022. While secondary residences remain a small segment, they too have shown slight increases at times. These shifts in occupancy type can influence market dynamics, affecting property values, insurance premiums, and investment potential, making it critical for investors, real estate agents, and appraisers to closely monitor these trends for informed decision-making.
Economic Outlook
Hill County, Montana has seen a steady increase in average taxable income per tax return from $45,463.98 in 2013 to $57,957.80 in 2021, which might point to a strengthening local economy. The average state and local income taxes per tax return have also varied, with a notable rise to $7,951.43 in 2019 and a rebound to $7,855.17 in 2021 after a slight dip. Tax liabilities have fluctuated, peaking at $8,160.22 in 2021, suggesting shifts in local economic conditions and policy changes. Such... Read more
Average Taxable Income per Tax Return in Hill County, MT over the last 9 years
Hill County, Montana has seen a gradual rise in average taxable income per tax return over the last nine years, with notable growth from $45,463.98 in 2013 to $57,957.80 in 2021. This increase suggests a potentially improving economic situation, making it appealing for real estate investment, development projects, and local business ventures. Insurance agents might find a changing landscape in terms of homeowner income levels, while appraisers and real estate agents could see shifts in property valuations, driven by the higher disposable income. Those considering moving to Hill County may view this as a positive indicator of local economic stability and growth opportunities.
Average State and Local Income Taxes Per Tax Return in Hill County, MT Over the Last 10 Years
Over the past decade, Hill County, Montana has seen notable fluctuations in average state and local income taxes per tax return. Starting at $4,569.70 in 2012, there was a significant rise reaching $7,951.43 in 2019. This increase suggests a rise in earnings or changes in tax policies impacting the area. Interestingly, a slight dip in 2020 to $6,887.88, likely influenced by broader economic factors, was followed by a rebound to $7,855.17 in 2021. These trends might inform decisions for potential investors, real estate agents, and others looking to engage with Hill County.
Average Total Tax Liability Per Tax Return in Hill County, MT Over the Last 10 Years
Hill County, Montana, has experienced fluctuating tax liabilities over the past decade, with noticeable peaks in 2014 and 2021 where average tax liabilities reached $7,063.83 and $8,160.22, respectively. Economic factors contributing to these peaks might include local industry developments or policy changes. Investors and real estate agents should take note of these trends, as tax liabilities could impact property valuations and the overall cost of living. Appraisors and insurance agents may also find these figures useful for assessing market stability and setting accurate coverage rates.
Cost of Living in Hill County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,130 | $1,460 | $1,968 | $1,167 | $1,231 |
| 1 adult 4 children | $1,130 | $1,192 | $1,524 | $1,167 | $1,356 |
| 2 adults 3 children | $1,130 | $1,193 | $1,698 | $1,167 | $991 |
| 1 adult 3 children | $1,130 | $974 | $1,254 | $1,167 | $1,097 |
| 2 adults 2 children | $829 | $976 | $1,428 | $1,011 | $826 |
| 1 adult 2 children | $829 | $729 | $984 | $1,011 | $788 |
| 2 adults 1 child | $829 | $772 | $1,159 | $506 | $738 |
| 1 adult 1 child | $829 | $498 | $714 | $506 | $624 |
| 2 adults | $652 | $620 | $889 | $0 | $581 |
| 1 adult | $618 | $338 | $444 | $0 | $530 |
Safety trends & Data
Hill County, Montana has experienced notable fluctuations in property crimes over the past five years, which could influence property investments and community well-being. Larceny-theft surged to 242.00 incidents in 2018, dipped to 141.00 in 2020, and rose again to 230.00 in 2022. Burglary demonstrated inconsistent trends, spiking to 19.00 incidents in 2021 from a low of 4.00 in 2020. Vandalism incidents also increased, reaching 80.00 in 2021, offering a potential concern for local authorities.... Read more
Property Crime Trends in Hill County, MT Over the Last 5 Years
Hill County, Montana has seen notable fluctuations in property crimes over the past five years. Larceny-theft remains the most prevalent crime, peaking at 242.0 incidents in 2018, then dipping to 141.0 in 2020 before climbing back up to 230.0 by 2022. Burglary numbers show inconsistent trends, spiking significantly to 19.0 in 2021 from a low of 4.0 in 2020. Vandalism incidents have increased, hitting 80.0 in 2021, highlighting a potential area for local authorities to address. While instances of motor vehicle theft have stayed relatively stable, other crimes like forgery and counterfeiting saw a notable surge in 2019, indicating intermittent spikes in specific crime types. Understanding these trends is critical for anyone involved in property investments, real estate, insurance, or community safety in Hill County.
Demographics
Hill County, Montana shows a slightly higher male population compared to females, which can often influence the local workforce dynamics and community services. Educational attainment levels indicate a significant portion of adults have completed high school, with the next largest groups holding some college education or bachelor's degrees, possibly affecting the types of job opportunities and economic growth in the area. Age-wise, a larger grouping of residents is under 35 years old,... Read more
Race Distribution in Hill County, Montana (2022)
Educational Attainment in Hill County, Montana (2022)
Age Distribution in Hill County, Montana
Citizen Population in Hill County, Montana (2022)
Political Trends & Data
Hill County, Montana, tends to lean conservatively with around 55% favoring the Republican party, while approximately 41.5% supported the Democratic party. The Libertarian party managed to capture about 3.4% of the votes, hinting at a minor yet noteworthy third-party presence. This voting pattern may imply a primarily bipartisan preference, reflecting a somewhat traditional political landscape with limited but existent room for alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hill County in Montana saw a notable majority of votes leaning towards the Republican party at around 55%, with the Democratic party trailing at approximately 41.5%. The Libertarian party made a small but noticeable impact, garnering nearly 3.4% of the vote. No significant support was shown for the Green Party or other candidates, highlighting a primarily bipartisan preference among voters. This distribution suggests a conservative-leaning electorate with modest third-party interest.
55.10% of voters voted for the Republican party in the 2020 Presidential Election
41.51% of voters voted for the Democrat party in the 2020 Presidential Election
3.40% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Hill County, Montana has maintained a student-to-teacher ratio generally below the national average of 14:1 over the past decade. Recently, the ratio was as low as 12:1 in 2020 and 2021, and has only increased slightly to about 13:1 in 2023. These lower ratios might appeal to investors and families, indicating more personalized attention for students. For real estate agents and appraisers, this could serve as a noteworthy selling point for properties, and for insurance agents, it might suggest... Read more
Student-to-teacher ratio in Hill County, Montana over the last 10 years
Hill County, Montana has seen its student-to-teacher ratio fluctuate over the past decade, generally staying below the national average of 14 students per teacher. In recent years, the ratio has been as low as 12 students per teacher in 2020 and 2021, only climbing back up to around 13 in 2023. These lower ratios could be appealing for investors and families considering relocation, suggesting potentially more personalized attention for students compared to other areas. For appraisers and real estate agents, this trend might indicate a selling point when evaluating local properties. Lower ratios also imply a potentially more manageable risk profile for insurance agents, given the increased capacity for individual oversight in educational settings. Understanding these nuances could benefit those interested in Hill County, Montana, from a variety of professional and personal perspectives.
