Missoula County Real Estate and Livability Trends
Missoula County, Montana, has observed a notable rise in average taxable income, jumping from $56,536.94 in 2013 to around $89,284.99 by 2021, potentially boosting the attractiveness for property investment. Median home values soared from $239,700 in 2015 to $382,400 in 2022, likely surpassing state and national growth rates. Despite fluctuating property crime trends, the stable landscape could... Read more
Missoula County Market Trends
The real estate market in Missoula County, Montana, has outstripped both state and national growth trends, with median home values rising from $239,700 in 2015 to $382,400 in 2022. Residential energy tax credits spiked in 2018 to $2,535.29 per tax return, hinting at a significant investment in energy efficiency, which remains higher than early years. Real estate taxes have also climbed from... Read more
Median Value of Occupied Housing Units in Missoula County, Montana Over the Last 8 Years
The real estate market in Missoula County, Montana, has seen consistent growth in median home values over the past eight years, with a notable uptick from $239,700 in 2015 to $382,400 in 2022. This growth outpaces both state and national trends, where Montana's home values climbed from $193,500 to $305,700, and national values increased from $125,500 to $179,400 over the same period. This divergence suggests that Missoula County is becoming a more attractive location relative to broader trends, making it a potentially lucrative area for investors and a competitive market for prospective homeowners.
Residential Energy Tax Credit Per Tax Return in Missoula County, MT Over the Last 9 Years
Missoula County, Montana has seen notable fluctuations in residential energy tax credits over the past nine years. After a fairly steady period from 2013 to 2017, where credits ranged from $397.98 to $765.15, there was a substantial spike in 2018, hitting $2,535.29 per tax return, likely reflecting significant investments in energy-efficient upgrades or incentives. Post-2018, the average credit dropped but remained relatively higher than early years, with values close to or just under $1,000. For potential investors, real estate agents, and those looking at property development, this trend indicates a growing emphasis on energy efficiency in the area, which could influence property values and attractiveness.
Average Real Estate Taxes Per Tax Return in Missoula County, MT Over the Last 10 Years
Real estate taxes per tax return in Missoula County, Montana have shown a consistent upward trend over the past decade, rising from roughly $3,249.84 in 2012 to about $5,808.27 in 2021. This substantial increase could suggest a growing real estate market potentially driven by higher property values or increased municipal budgets. For investors and property developers, this trend might indicate an opportunity for significant returns, while insurance agents and appraisers should be aware of the rising costs for accurate assessments. Prospective homeowners and real estate agents should take these rising taxes into account when evaluating the cost of living and property investments in the area.
Percentage of Farm Returns in Missoula County, MT Over the Last 10 Years
Farm tax returns in Missoula County, Montana have generally shown a declining trend over the last decade. The percentage of returns has dropped from approximately 0.90% in 2012 to around 0.78% in 2021. Tax returns in this context measure the proportion of agricultural income, suggesting that either fewer farms are operating or farms are earning less income. This trend could impact real estate and investment opportunities, making it critical for investors or prospective residents to consider the economic viability of farming in the region when planning for the future.
Number of Mortgages by Occupancy Type in Missoula County, MT Over the Last 5 Years in Missoula County
Over the past five years in Missoula County, Montana, mortgage activity has predominantly focused on principal residences, with numbers peaking in 2020. Investment properties and second residences have seen moderate, yet consistent interest, although there appears to be a slight decline in recent years. This shift in occupancy types is significant for investors, real estate agents, and property developers, as it suggests a stable demand for primary homes, potentially driven by population growth or lifestyle changes. Appraisers and insurance agents might also find these trends useful in assessing property values and risk levels, respectively. For those considering moving to the area, understanding these dynamics can provide insights into the housing market's stability and potential future developments.
Economic Outlook
Missoula County, Montana has seen a significant rise in average taxable income, growing from $56,536.94 in 2013 to roughly $89,284.99 by 2021. This income boost could signal a strengthening local economy, potentially impacting property values and investment desirability. Average state and local income taxes per tax return have also risen considerably, from $6,153.43 in 2012 to $13,395.43 in 2021, indicating greater economic activity. Despite fluctuations, the overall upward trend in total tax... Read more
Average Taxable Income per Tax Return in Missoula County, MT over the last 9 years
Average taxable income in Missoula County, Montana has demonstrated a general upward trend over the past nine years, growing from $56,536.94 in 2013 to about $89,284.99 in 2021. Despite some minor fluctuations, the overall increase points to economic growth and possibly rising standards of living. This data might suggest a bolstering local economy which could be attractive for investors, real estate agents, appraisers, and those looking to move to the area. Higher average incomes can influence property values, tax assessments, and the local real estate market dynamics.
Average State and Local Income Taxes Per Tax Return in Missoula County, MT Over the Last 10 Years
Missoula County, Montana has experienced a notable rise in average state and local income taxes per tax return over the past decade. Starting at $6,153.43 in 2012, the amount grew steadily, reaching $13,395.43 by 2021. This upward trend suggests increasing economic activity and possibly rising incomes in the region, which might be attractive for investors, appraisers, and real estate professionals eyeing market trends. While the substantial jump in 2018 could indicate policy changes or economic shifts, the overall growth underscores a strengthening local economy, potentially impacting property values and the cost of living factors for those considering moving to or developing in Missoula County.
Average Total Tax Liability Per Tax Return in Missoula County, MT Over the Last 10 Years
Missoula County, Montana has seen substantial fluctuations in average total tax liability per tax return over the past decade. From a low of $9,337.33 in 2012, there's been a general upward trend, peaking sharply at $15,755.49 in 2021. This trend might suggest rising incomes or adjustments in tax policies, making it a key factor for potential investors, real estate agents, and those considering moving to the area. Understanding these shifts is crucial for appraising property values accurately and for insurance agents assessing risk.
Cost of Living in Missoula County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,566 | $1,568 | $1,820 | $1,981 | $1,776 |
| 1 adult 4 children | $1,566 | $1,281 | $1,404 | $1,981 | $1,939 |
| 2 adults 3 children | $1,566 | $1,281 | $1,572 | $1,981 | $1,510 |
| 1 adult 3 children | $1,566 | $1,046 | $1,157 | $1,981 | $1,682 |
| 2 adults 2 children | $1,120 | $1,049 | $1,325 | $1,717 | $1,127 |
| 1 adult 2 children | $1,120 | $783 | $910 | $1,717 | $1,210 |
| 2 adults 1 child | $1,120 | $829 | $1,078 | $859 | $938 |
| 1 adult 1 child | $1,120 | $535 | $662 | $859 | $822 |
| 2 adults | $906 | $666 | $830 | $0 | $665 |
| 1 adult | $789 | $363 | $415 | $0 | $587 |
Safety trends & Data
Missoula County, Montana, has seen fluctuating property crime trends over the last five years. Larceny-theft remains the most prevalent, hitting 868 instances in 2022. Vandalism and burglary show notable variability but no significant long-term growth. This relatively stable crime landscape could be a favorable factor for new residents and investors considering the... Read more
Property Crime Trends in Missoula County, MT Over the Last 5 Years
Missoula County, Montana, has seen fluctuating trends in property crimes over the last five years. Larceny-theft consistently remains the most prevalent issue, peaking at 868 instances in 2022, while other crimes such as arson and embezzlement have relatively low occurrences. Vandalism and burglary have shown notable variability but did not exhibit any significant long-term growth. This data could suggest that while Missoula faces some challenges with theft, the overall crime landscape is somewhat stable, which might be a favorable factor for new residents and investors looking at the area.
Demographics
Missoula County, Montana shows a relatively balanced gender distribution with slightly more males than females. The educational attainment data suggests a well-educated population, with a significant portion holding bachelor's or higher degrees. Age distribution hints at a younger demographic, particularly robust in the 20-34 age range. The racial composition is predominantly White, but there is also some diversity with small percentages of American Indian, Asian, and African American... Read more
Race Distribution in Missoula County, Montana (2022)
Educational Attainment in Missoula County, Montana (2022)
Age Distribution in Missoula County, Montana
Citizen Population in Missoula County, Montana (2022)
Political Trends & Data
In Missoula County, Montana, the real estate market might be experiencing changes influenced by its political landscape. Notably, during the 2020 U.S. Presidential Election, Democrats could secure about 60.6% of the vote, overshadowing Republicans who may have received 36.9%. This significant Democratic preference in a typically conservative state might affect buyer and seller behaviors, possibly attracting a more diverse demographic seeking progressive communities. As political inclinations... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Missoula County in Montana leaned significantly Democratic in the 2020 U.S. Presidential Election, with Democrats potentially securing around 60.6% of the vote, compared to approximately 36.9% for Republicans. The Libertarian Party may have garnered a small fraction, possibly 2.5%. This suggests a notable Democratic presence in a state often associated with conservative politics.
36.85% of voters voted for the Republican party in the 2020 Presidential Election
60.64% of voters voted for the Democrat party in the 2020 Presidential Election
2.51% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Missoula County, Montana has experienced a steady decline in the student-to-teacher ratio over the past decade, from about 14 students per teacher in 2014 to around 13 recently. This is below the national average and suggests smaller class sizes and more individualized attention, which might appeal to families, investors in educationally robust areas, and real estate agents marketing these benefits to prospective... Read more
Student-to-teacher ratio in Missoula County, Montana over the last 10 years
Missoula County, Montana has seen a mostly consistent decline in the student-to-teacher ratio over the past decade, with the ratio dipping from roughly 14 students per teacher in 2014 to about 13 in recent years. This trend places Missoula County below the current national average of 14 students per teacher, potentially indicating smaller class sizes and more individualized attention for students. These changes could be particularly appealing for families considering relocation, investors focusing on areas with strong educational systems, and real estate agents highlighting these educational benefits to prospective buyers.
