Jefferson County Real Estate and Livability Trends
In Jefferson County, Montana, real estate trends exhibit robust growth, with median home values increasing from $242,300 in 2015 to $354,700 in 2022, surpassing state and national levels. The rise in energy-efficient home upgrades, supported by residential energy tax credits peaking at $800.00, appealing to eco-friendly buyers. Real estate taxes doubled from $2,333.33 in 2012 to $4,054.39 in... Read more
Jefferson County Market Trends
Jefferson County, Montana's real estate market has seen robust growth, with median home values soaring from $242,300 in 2015 to $354,700 in 2022, outpacing both state and national trends. The increasing residential energy tax credits per tax return, peaking at $800.00, suggest a rising focus on energy-efficient home upgrades, appealing to eco-conscious buyers and investors. At the same time, real... Read more
Median Value of Occupied Housing Units in Jefferson County, Montana Over the Last 8 Years
Over the last eight years, Jefferson County, Montana has consistently seen median home values climb, rising from $242,300 in 2015 to $354,700 in 2022. This increase is quite significant compared to both the statewide trend, where Montana saw growth from $193,500 in 2015 to $305,700 in 2022, and the national trend, which moved from $125,500 to $179,400 in the same period. The rapid appreciation in this county may offer attractive opportunities for investors or potential homeowners looking for strong value growth, although it could also indicate increasing competition and higher entry costs.
Residential Energy Tax Credit Per Tax Return in Jefferson County, MT Over the Last 8 Years
In Jefferson County, Montana, the average residential energy tax credit per tax return shows significant variability over the past eight years, generally trending upwards. Starting at $356.25 in 2013, it spiked to $800.00 by 2017 and again in 2021, with notable fluctuations in between. This trend could indicate a growing emphasis on energy-efficient upgrades in homes, which might attract eco-conscious investors and homeowners. For appraisers, insurance agents, and real estate professionals, these patterns could hint at rising home values associated with energy efficiency improvements.
Average Real Estate Taxes Per Tax Return in Jefferson County, MT Over the Last 10 Years
Over the last 10 years, Jefferson County, Montana, has experienced a notable rise in real estate taxes per tax return, culminating in an increase from $2,333.33 in 2012 to $4,054.39 in 2021. The sharpest spikes were observed between 2017 and 2019, with an 82% jump from $2,873.23 to $4,351.61. This trend hints at broader economic shifts that potential investors, homebuyers, and real estate agents should be aware of, particularly in the context of property valuations and market dynamics. Additionally, appraisers and insurance agents might find these changes significant when assessing risk and property values in the area.
Percentage of Farm Returns in Jefferson County, MT Over the Last 10 Years
Jefferson County, Montana has seen a gradual decline in the percentage of farm tax returns over the past decade, dropping from around 4.92% in 2012 to approximately 3.67% in 2021. Farm tax returns, representing the number of tax filings from agricultural operations, can indicate the county's economic reliance on farming. A declining trend might suggest shifts in land use, urbanization, or economic diversification. For those looking to invest, build, or move to Jefferson County, this trend could imply changes in agricultural viability and potentially increasing opportunities in other sectors.
Number of Mortgages by Occupancy Type in Jefferson County, MT Over the Last 5 Years in Jefferson County
A notable trend in Jefferson County, Montana, over the past five years is the fluctuation in principal residence mortgages, peaking at 1,017 in 2021 before falling to around 588 in 2022. Investment properties and second residences have shown less dramatic changes, with investment property mortgages mostly hovering in the low double digits. Such shifts in occupancy types can be crucial for investors, appraisors, and real estate agents as they indicate housing demand and market stability. A spike in principal residence mortgages often signals strong local economic conditions and a high demand for permanent homes, which can affect property values and investment strategies. Additionally, these trends can impact insurance premiums and the type of coverage required, as principal homes, investment properties, and second homes each carry different risk profiles.
Economic Outlook
In Jefferson County, Montana, there's been a steady rise in average taxable income per tax return, climbing from $57,959.81 in 2013 to $91,565.72 in 2021. Alongside, average state and local income taxes per tax return jumped from roughly $5,187.17 in 2012 to about $11,689.29 by 2021, particularly surging from 2018 onwards. Additionally, total tax liability per tax return increased from $8,626.80 in 2012 to $15,167.76 in 2021, with notable spikes around 2017 and 2020-2021. These trends could... Read more
Average Taxable Income per Tax Return in Jefferson County, MT over the last 9 years
Over the past nine years, Jefferson County, Montana, has seen a notable increase in the average taxable income per tax return, starting at $57,959.81 in 2013 and rising to $91,565.72 in 2021. This upward trend highlights a growing economic vitality that could attract investors and potential homeowners. For real estate agents and property developers, this suggests a possibly thriving local economy with increasing disposable income. Insurance agents might note the potential for higher coverage needs as incomes rise. Appraisers would find this data pertinent when evaluating property values, while residents may see this as an indicator of increasing community prosperity.
Average State and Local Income Taxes Per Tax Return in Jefferson County, MT Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Jefferson County, Montana have shown a notable increase, with a pivotal jump observed from 2018 onwards. Starting at roughly $5,187.17 in 2012, the figure climbed steadily to around $11,689.29 by 2021. This upward trend suggests a rising cost burden on residents, potentially impacting decisions for those considering moving to or investing in the area. The significant increase in recent years might also interest real estate agents and appraisers when evaluating property values and tax implications.
Average Total Tax Liability Per Tax Return in Jefferson County, MT Over the Last 10 Years
Over the past decade, Jefferson County, Montana has seen a notable upward trend in the average total tax liability per tax return. Starting at $8,626.80 in 2012 and climbing to $15,167.76 by 2021, this data could suggest an increase in income levels or changes in tax policy. Notably, the sharpest jumps occurred around 2017 and again in 2020-2021, possibly reflecting broader economic shifts. This trend might be relevant for potential investors, property developers, and real estate agents when assessing the financial landscape of the area.
Cost of Living in Jefferson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,303 | $1,488 | $2,018 | $1,478 | $1,659 |
| 1 adult 4 children | $1,303 | $1,215 | $1,562 | $1,478 | $1,788 |
| 2 adults 3 children | $1,303 | $1,216 | $1,741 | $1,478 | $1,360 |
| 1 adult 3 children | $1,303 | $992 | $1,286 | $1,478 | $1,522 |
| 2 adults 2 children | $917 | $995 | $1,465 | $1,281 | $1,053 |
| 1 adult 2 children | $917 | $743 | $1,009 | $1,281 | $1,093 |
| 2 adults 1 child | $917 | $786 | $1,188 | $640 | $915 |
| 1 adult 1 child | $917 | $508 | $732 | $640 | $805 |
| 2 adults | $697 | $632 | $912 | $0 | $699 |
| 1 adult | $613 | $345 | $456 | $0 | $593 |
Safety trends & Data
Property crime trends in Jefferson County, Montana over the past five years are relatively stable and low, which could be reassuring for potential real estate investors. Burglary arrests peaked at 5.0 incidents in 2019 but declined to just 2.0 by 2022, while larceny-theft remained low, fluctuating between 1.0 and 4.0 incidents annually. Vandalism incidents showed a slight decline from 4.0 in 2018 to 1.0 in 2022, suggesting improved community vigilance or policing. These trends may be crucial... Read more
Property Crime Trends in Jefferson County, MT Over the Last 5 Years
Property crime trends in Jefferson County, Montana over the past five years suggest relatively stable but low incident rates across various crime categories. Notably, burglary arrests peaked in 2019 at 5.0 incidents but fell to just 2.0 in both 2018 and 2022. Larceny-theft remained consistently low, fluctuating between 1.0 and 4.0 incidents annually. Vandalism incidents showed a slight decline from 4.0 in 2018 to 1.0 in 2022, indicating possible improvements in community vigilance or policing. Overall, the trends reflect a relatively secure environment, crucial for real estate investments, insurance assessments, and property development considerations.
Demographics
Jefferson County, Montana, showcases an almost equal distribution between male and female adults, hinting that the gender balance is typically stable. Educational attainment is diverse, with a significant portion holding at least a high school diploma, and many going further to achieve bachelor's or higher degrees, suggesting investment in higher education. Age-wise, there's a notable presence of middle-aged and older adults, implying that services for these demographics could be crucial.... Read more
Race Distribution in Jefferson County, Montana (2022)
Educational Attainment in Jefferson County, Montana (2022)
Age Distribution in Jefferson County, Montana
Citizen Population in Jefferson County, Montana (2022)
Political Trends & Data
Jefferson County in Montana leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans possibly garnering around 65.60% of the vote. Roughly 32.20% of voters supported the Democratic candidate, while Libertarians attracted approximately 2.20% of the vote. Smaller parties like the Green Party did not seem to make a significant impact in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jefferson County in Montana leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans possibly garnering around 65.6% of the vote. Roughly 32.2% of voters supported the Democratic candidate, while Libertarians attracted approximately 2.2% of the vote. Smaller parties like the Green Party did not seem to make a significant impact in this county.
65.57% of voters voted for the Republican party in the 2020 Presidential Election
32.20% of voters voted for the Democrat party in the 2020 Presidential Election
2.22% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Jefferson County, Montana, has seen fluctuations in its student-to-teacher ratio, peaking at 15 in 2021 before dropping to 13 in 2022 and 2023. With a current ratio below the national average, potential investors, real estate agents, and relocating families may view this as a benefit for personalized education. This trend could be a subtle indicator of improving community resources, possibly affecting property values and influencing appraisals and insurance... Read more
Student-to-teacher ratio in Jefferson County, Montana over the last 10 years
The student-to-teacher ratio in Jefferson County, Montana has varied over the past decade, generally hovering around the national average of 14 students per teacher. Notably, the ratio peaked at 15 in 2021 before decreasing to 13 in 2022 and 2023. Such fluctuations could be significant for potential investors, real estate agents, and families considering a move to the area, as a lower ratio often indicates more personalized attention in schools, potentially enhancing educational outcomes. Appraisers and insurance agents might also find this data relevant as it provides insight into community resources and living conditions, possibly influencing property values and risk assessments.
