Madison County Real Estate and Livability Trends
Madison County, Montana, has seen remarkable economic growth with average taxable income nearly doubling from $50,171.31 in 2013 to $107,681.88 in 2021. Home values in the county have surged from $237,800 in 2015 to $375,200 in 2022, outpacing state and national trends and hinting at strong real estate investment opportunities. On the educational front, the county boasts a consistently lower... Read more
Madison County Market Trends
Madison County, Montana, has seen home values surge from $237,800 in 2015 to $375,200 in 2022, significantly outpacing state and national averages. This suggests robust demand and potential real estate investment opportunities. Residential energy tax credits have fluctuated, peaking at $1,250.00 in 2021, perhaps signaling rising investments in energy-efficient home improvements. Average real... Read more
Median Value of Occupied Housing Units in Madison County, Montana Over the Last 8 Years
Madison County, Montana, has seen median home values increase dramatically over the last eight years. In 2015, the median value was $237,800, rising steadily to $375,200 by 2022. This substantial growth outpaces both the state of Montana, where values went from $193,500 to $305,700, and the national average, where values climbed from $125,500 to $179,400. This trend likely signals robust demand for properties in Madison County, indicating potential opportunities for investors and heightened competition for homebuyers.
Residential Energy Tax Credit Per Tax Return in Madison County, MT Over the Last 8 Years
Madison County, Montana has seen significant fluctuations in residential energy tax credits per tax return over the past eight years. Starting at $520.00 in 2013, there was a notable decline until 2016, bottoming out at $314.29. However, an impressive surge is observed from 2017 onward, peaking at $1,250.00 in 2021. This could suggest increasing investments in energy-efficient home improvements or possibly more favorable tax incentives in recent years, making it an intriguing area for potential homeowners, real estate agents, or investors focusing on sustainable living projects.
Average Real Estate Taxes Per Tax Return in Madison County, MT Over the Last 10 Years
Over the past decade, Madison County, Montana has witnessed a noticeable upswing in average real estate taxes per tax return, climbing from around $2,134.65 in 2012 to approximately $4,381.25 in 2021. This steady increase suggests a growing valuation of properties, possibly indicating a desirable location for investments. For prospective buyers, real estate agents, and appraisers, this trend could signify both expanding opportunities and rising costs in the area. Those in the insurance industry might also see it as a cue to adjust coverage rates in response to increasing property values.
Percentage of Farm Returns in Madison County, MT Over the Last 10 Years
Over the last decade, Madison County, Montana has seen a fluctuation in farm returns, ranging from 10.03% in 2012 to 7.54% in 2021. Farm tax returns indicate the number of residents deriving their primary income from farming, hinting at shifts in agricultural viability and economic diversification. Investors and potential residents might infer that while there's variability, the downward trend could reflect changing dynamics in local agriculture, possibly driving interest toward other industries or land uses.
Number of Mortgages by Occupancy Type in Madison County, MT Over the Last 5 Years in Madison County
Madison County, Montana has seen notable fluctuations in mortgage counts by occupancy type over the past five years. Principal residence mortgages have generally been the highest, showing strong demand for permanent living, peaking in 2021 before dropping in 2022. Second residences also saw a similar peak in 2020, which could be attributed to increased demand for vacation homes or remote work arrangements. Investment property mortgages, while less in number, have had consistent interest, reflecting potential for real estate investment. These shifts are crucial for stakeholders because they signal changing priorities and economic dynamics. For investors and real estate agents, understanding these trends could highlight lucrative opportunities or cooling markets. Appraisers and insurance agents could also adjust their strategies based on fluctuating home values and occupancy risks revealed by these patterns.
Economic Outlook
Madison County, Montana is showing interesting economic trends with average taxable income per tax return nearly doubling from $50,171.31 in 2013 to $107,681.88 in 2021. This swift rise suggests economic growth that might attract investors and potential homeowners. State and local income taxes also spiked, reaching $38,384.85 in 2021, indicating possible shifts in tax policy or rising incomes. Similarly, total tax liabilities have more than doubled over the past decade, touching $21,564.88 in... Read more
Average Taxable Income per Tax Return in Madison County, MT over the last 9 years
Madison County, Montana has seen a notable upward trend in average taxable income per tax return over the last nine years, climbing from $50,171.31 in 2013 to a remarkable $107,681.88 in 2021. This sharp increase could indicate rising prosperity and economic growth in the region, likely making it an attractive area for investors, real estate agents, and potential homeowners. The substantial jump in 2021 compared to previous years suggests that the area is experiencing rapid changes that might interest appraisers and insurance agents evaluating property values and risk assessments.
Average State and Local Income Taxes Per Tax Return in Madison County, MT Over the Last 10 Years
Madison County, Montana has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at $5,117.65 in 2012, the figures fluctuated but generally trended upwards, reaching an alarming high of $38,384.85 in 2021. The most significant jump occurred between 2018 and 2019, where taxes surged from $9,454.29 to $16,008.33. This spike in tax liability could reflect rising incomes, shifts in the tax base, or changes in state and local fiscal policies, making it essential for investors, real estate agents, and potential residents to carefully consider the tax landscape when making decisions related to property and investments in the area.
Average Total Tax Liability Per Tax Return in Madison County, MT Over the Last 10 Years
Over the past decade, Madison County, Montana has seen significant fluctuations in average total tax liability per tax return. Beginning with $8,654.28 in 2012, the tax liabilities experienced marked increases, notably peaking at $21,564.88 in 2021. The jump from 2020 to 2021 stands out with almost a doubling from $12,723.46, potentially signaling economic shifts or policy changes. This evolving tax landscape might be a crucial factor for investors, homeowners, appraisers, and real estate agents assessing property values and financial planning in the area.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,213 | $1,633 | $1,968 | $1,348 | $1,611 |
| 1 adult 4 children | $1,213 | $1,333 | $1,524 | $1,348 | $1,757 |
| 2 adults 3 children | $1,213 | $1,334 | $1,698 | $1,348 | $1,330 |
| 1 adult 3 children | $1,213 | $1,089 | $1,254 | $1,348 | $1,476 |
| 2 adults 2 children | $997 | $1,092 | $1,428 | $1,168 | $1,093 |
| 1 adult 2 children | $997 | $816 | $984 | $1,168 | $1,139 |
| 2 adults 1 child | $997 | $863 | $1,159 | $584 | $962 |
| 1 adult 1 child | $997 | $557 | $714 | $584 | $822 |
| 2 adults | $883 | $693 | $889 | $0 | $774 |
| 1 adult | $863 | $378 | $444 | $0 | $696 |
Safety trends & Data
Madison County, Montana's property crime landscape over the past five years reveals some interesting shifts, with Larceny-Theft peaking in 2018 but generally declining since then. Vandalism has fluctuated, with a notable peak in 2021. The introduction of crime categories like Forgery and Counterfeiting in 2022 suggests a more varied crime profile. This evolving data is essential for investors, realtors, and residents who need to stay informed on safety... Read more
Property Crime Trends in Madison County, MT Over the Last 5 Years
Property crime trends in Madison County, Montana, over the past five years show a notable fluctuation. In 2018, Larceny-Theft was the most prevalent with 11 incidents, followed by a steady decline in the following years. Interestingly, Vandalism, while a lesser concern overall, saw various minor increases and decreases but peaked alongside Larceny-Theft in 2021. Notably low levels of Motor Vehicle Theft and the introduction of new categories like Forgery and Counterfeiting in 2022 show a diversified crime profile. This dynamic data is crucial for investors, real estate agents, and residents to understand current safety trends.
Demographics
Madison County, Montana shows a slightly greater male population than female, with males making up a larger portion of the adult demographic. The community is predominantly White, with other racial groups comprising a minimal percentage. The age distribution reflects an older population on average, with a significant portion of residents aged 55 and above. In terms of education, a considerable number of individuals have at least a high school diploma, and there's a notable presence of those... Read more
Race Distribution in Madison County, Montana (2022)
Educational Attainment in Madison County, Montana (2022)
Age Distribution in Madison County, Montana
Citizen Population in Madison County, Montana (2022)
Political Trends & Data
Madison County in Montana leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 69.00% of the vote, while Democrats secured around 29.00%. The Libertarian party barely registered at just over 2.00%, with virtually no presence from the Green party or other candidates. This conservative trend might influence future campaign strategies for both major parties, considering the county's strong Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Madison County in Montana saw a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with nearly 69% of the vote, while the Democrats garnered close to 29%. The Libertarian party barely made a mark with just over 2%, and the Green party and other candidates had negligible or no presence. This voting pattern could suggest Madison County's strong conservative inclinations, potentially shaping future electoral strategies for both major parties.
68.85% of voters voted for the Republican party in the 2020 Presidential Election
29.09% of voters voted for the Democrat party in the 2020 Presidential Election
2.05% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Madison County, Montana, consistently boasts a lower student-to-teacher ratio compared to the national average of 14 students per teacher, fluctuating between 10 and 11.6 over the past decade. This trend indicates more personalized attention and potentially higher-quality education, a key consideration for families, educators, and investors. The lower ratios may also imply higher school funding or better logistical planning, making Madison County an appealing target for real estate appraisers... Read more
Student-to-teacher ratio in Madison County, Montana over the last 10 years
Madison County, Montana, has consistently had a lower student-to-teacher ratio compared to the national average of 14 students per teacher. Over the past decade, the ratio in Madison County has fluctuated between approximately 10 and 11.6 students per teacher. This trend suggests more personalized attention and potentially higher-quality education for students in the county, which could be a significant factor for families considering moving to the area, as well as for educators and investors interested in the local educational landscape. Lower ratios might also imply higher school funding or better logistical planning, making it an attractive point for appraisers and real estate agents.
