Mineral County Real Estate and Livability Trends
Mineral County, Montana has seen a rise in average taxable income per tax return, suggesting a potentially stronger local economy and possible appeal for real estate investors. Despite significant increases in median home values—from $212,000 in 2021 to $274,700 in 2022—the prices are still below the state's median, drawing budget-conscious buyers. Interesting patterns like energy tax credits... Read more
Mineral County Market Trends
The median home values in Mineral County, Montana have risen significantly, jumping from $212,000 in 2021 to $274,700 in 2022. Despite this increase, the county's median home values remain below the state median of $305,700, making it appealing for budget-conscious buyers. Residential energy tax credits spiked to $1,566.67 in 2020 but normalized to $500.00 in 2021, hinting at possible... Read more
Median Value of Occupied Housing Units in Mineral County, Montana Over the Last 8 Years
The median home values in Mineral County, Montana have seen a fluctuating but ultimately strong upward trend over the past eight years, with a significant jump from $212,000 in 2021 to $274,700 in 2022. This growth mirrors national and statewide trends but at a more volatile rate, suggesting unique local market dynamics. Compared to Montana's state median of $305,700 in 2022 and the national median of $179,400, Mineral County offers a comparatively lower entry point, which could appeal to budget-conscious investors and homebuyers. The sharp uptick in recent years indicates rising property demand or limited supply, making it an interesting market for those considering real estate investments or relocations.
Residential Energy Tax Credit Per Tax Return in Mineral County, MT Over the Last 6 Years
Mineral County, Montana has seen fluctuating residential energy tax credits per tax return over the past six years, with a notable spike in 2020 to $1,566.67. This surge suggests a significant increase in energy-efficient home upgrades or installations during that year, possibly driven by incentives or rising energy costs. However, the average tax credit dropped back to $500.00 in 2021, indicating a potential normalization or decreased investment in such upgrades. This pattern could inform investment strategies, property development, and energy-efficiency plans for potential homebuyers and real estate professionals.
Average Real Estate Taxes Per Tax Return in Mineral County, MT Over the Last 10 Years
Over the last decade, Mineral County, Montana has seen a fluctuating trend in average real estate taxes per tax return, rising from around $2,061.36 in 2012 to peaking at $2,936.36 in 2020. Notably, there was a sharp increase in 2018, reaching $2,710.00, before gradually tapering off slightly to $2,707.69 by 2021. This variable tax environment could suggest changing property assessments or shifts in local government taxation policies, making it a crucial point for potential investors, real estate agents, and property developers to monitor closely.
Percentage of Farm Returns in Mineral County, MT Over the Last 10 Years
Farm tax returns in Mineral County, Montana have seen moderate fluctuations over the past decade, generally hovering around 2%-2.6% of total returns. This could suggest some stability in farming activities, albeit with a slight downward trend, especially noticeable from 2018 onwards, where the percentage dipped below 2%. For potential investors or those looking to build property, the declining trend might indicate a shift in economic activities from agriculture to other sectors. Existing residents or newcomers should be aware that the local economy could be diversifying away from farming, potentially opening up new opportunities or indicating broader economic changes in the community.
Number of Mortgages by Occupancy Type in Mineral County, MT Over the Last 5 Years in Mineral County
Mineral County, Montana has experienced varied trends in mortgage activity over the past five years, with principal residences consistently making up the bulk of the market. The increased number of principal residence mortgages might hint at growing permanency among residents. Meanwhile, the fluctuations in investment and second residence mortgages could suggest shifts in economic conditions or changing investor confidence. For investors and real estate agents, understanding these trends is crucial for assessing market stability and potential returns. Appraisers and insurance agents might also find these trends relevant for risk assessment and property valuation.
Economic Outlook
Mineral County, Montana has observed a steady increase in average taxable income per tax return, climbing from $40,656.00 in 2013 to $62,334.00 in 2021. This trend could hint at growing affluence among residents and a strengthening local economy, making it an attractive spot for real estate investors. The average state and local income taxes per return have also risen from $3,479.07 in 2012 to $6,033.33 in 2021, reflecting possible economic growth or tax policy changes, which might influence... Read more
Average Taxable Income per Tax Return in Mineral County, MT over the last 9 years
Mineral County, Montana has seen a notable, although steady rise in the average taxable income per tax return over the last nine years, moving from around $40,656.00 in 2013 to approximately $62,334.00 in 2021. This represents an increase in economic prosperity and could suggest a growing affluence among residents. For investors and real estate agents, this upward trend might signal a lucrative opportunity, indicative of a potentially strong local economy and increasing property values. Insurance agents and appraisers might also infer a need for recalibrated policies and valuations to align with these economic changes. For potential new residents, this data point may be a promising sign of a stable and thriving community.
Average State and Local Income Taxes Per Tax Return in Mineral County, MT Over the Last 10 Years
Mineral County, Montana has seen a noticeable upward trend in average state and local income taxes per tax return over the past decade. Beginning at approximately $3,479.07 in 2012, there was a steady increase peaking at around $6,033.33 in 2021. This consistent rise could suggest economic growth or changes in tax policy, potentially impacting property investment and budget planning for those considering a move or investment in the area. Real estate agents and investors might find these trends indicative of a shifting economic landscape, while appraisers and insurance agents could see implications for property valuations and insurance premiums.
Average Total Tax Liability Per Tax Return in Mineral County, MT Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Mineral County, Montana has shown a general upward trend, reflecting a steady increase in tax burdens for residents. Notably, there was a significant jump between 2019 and 2020, with liabilities rising from $6689.80 to $8034.42, and another sharp increase in 2021 to $9142.29. This could interest potential investors or those considering a move, as it may signify economic growth or potentially heightened living costs in the area. For real estate agents and appraisers, it's crucial to consider how rising tax liabilities could impact property values and market dynamics.
Cost of Living in Mineral County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,006 | $1,540 | $1,968 | $1,072 | $1,311 |
| 1 adult 4 children | $1,006 | $1,258 | $1,524 | $1,072 | $1,443 |
| 2 adults 3 children | $1,006 | $1,258 | $1,698 | $1,072 | $1,053 |
| 1 adult 3 children | $1,006 | $1,027 | $1,254 | $1,072 | $1,163 |
| 2 adults 2 children | $826 | $1,030 | $1,428 | $929 | $915 |
| 1 adult 2 children | $826 | $769 | $984 | $929 | $895 |
| 2 adults 1 child | $826 | $814 | $1,159 | $465 | $824 |
| 1 adult 1 child | $826 | $526 | $714 | $465 | $692 |
| 2 adults | $644 | $654 | $889 | $0 | $652 |
| 1 adult | $596 | $357 | $444 | $0 | $573 |
Safety trends & Data
Property crime trends in Mineral County, Montana over the past two years show some shifts that could affect investment decisions and property values. In 2021, burglary and vandalism had 1.0 reported arrest each, while in 2022, larceny-theft and motor vehicle theft took the spotlight with 1.0 reported arrest each. These changes might hint at emerging security concerns that could play a role in market evaluations for potential movers and property... Read more
Property Crime Trends in Mineral County, MT Over the Last 2 Years
Property crime in Mineral County, Montana has exhibited diverse trends over the past two years, highlighting a broad spectrum of activities from burglary to motor vehicle theft. In 2021, both burglary and vandalism each accounted for 1.0 reported arrest, while 2022 saw a shift towards larceny-theft and motor vehicle theft, with each also showing 1.0 reported arrest. This data might suggest emerging concerns for property security, making it a potentially critical factor for those evaluating investments, considering a move, or conducting property appraisals in this county.
Demographics
Mineral County, Montana, shows a relatively balanced gender distribution among adults with slightly more males than females. The population skews older, with a notable portion aged 55 and above, possibly indicating a community with a strong retiree presence. Educational attainment highlights a strong base of high school graduates, though fewer residents hold advanced degrees. The racial makeup is predominantly White, with very limited diversity, reflective of many rural areas in Montana. These... Read more
Race Distribution in Mineral County, Montana (2022)
Educational Attainment in Mineral County, Montana (2022)
Age Distribution in Mineral County, Montana
Citizen Population in Mineral County, Montana (2022)
Political Trends & Data
Mineral County, Montana leaned heavily Republican in the 2020 U.S. Presidential Election, with around 71% of the vote going to Republican candidates. Democratic support was lower at about 27%, and Libertarian votes were minimal, just under 2%. This conservative tilt could influence local policies and community priorities, making the area potentially more attractive to those who share similar political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mineral County, Montana, leaned heavily Republican in the 2020 U.S. Presidential Election, with Republican candidates garnering about 71% of the vote. Democratic support was notably lower at around 27%, while the Libertarian vote share was minimal at just under 2%. This voting pattern suggests a strong conservative presence in the county, which could influence local policy and community priorities.
71.32% of voters voted for the Republican party in the 2020 Presidential Election
26.77% of voters voted for the Democrat party in the 2020 Presidential Election
1.91% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Mineral County, nestled in Montana, stands out with its notably lower student-to-teacher ratio compared to the national average. With ratios fluctuating between 8 to 11 students per teacher over the past decade, this trend highlights a more personalized and engaging educational environment. Families prioritizing educational quality and investors seeking compelling factors for real estate decisions might find this particularly appealing. Lower ratios often correlate with enhanced student... Read more
Student-to-teacher ratio in Mineral County, Montana over the last 10 years
Mineral County, Montana, has consistently maintained a lower student-to-teacher ratio compared to the national average of 14 students per teacher. Over the past decade, this ratio in Mineral County ranged from 8 to 11 students per teacher, demonstrating a relatively more intimate and individualized educational environment. This trend may appeal to families prioritizing personalized attention in education or real estate investors targeting areas with potential for educational quality. Moreover, lower student-to-teacher ratios often correlate with better student performance and engagement, making this an attractive factor for those looking to move to or invest in the area.
