Musselshell County Real Estate and Livability Trends
In Musselshell County, Montana, property values have shown solid growth but remain affordable compared to state and national figures, rising from $133,800 to $222,200 over the past eight years. Taxes have fluctuated, with real estate taxes peaking at $2,622.22 in 2020 before dropping to $2,037.50 in 2021, which might affect investment returns. A low student-to-teacher ratio at around 10 presents... Read more
Musselshell County Market Trends
Over the last eight years, the median home value in Musselshell County, Montana surged from $133,800 to $222,200, still trailing the state median, which shot from $193,500 to $305,700. Compared to the national increase from $125,500 to $179,400, Musselshell's growth suggests a blend of affordability and investment potential. The average residential energy tax credit in the county rose to $500.00... Read more
Median Value of Occupied Housing Units in Musselshell County, Montana Over the Last 8 Years
Over the last eight years, the median home value in Musselshell County, Montana has experienced an upward trajectory from $133,800 in 2015 to $222,200 in 2022. Although the county saw a notable growth, it still lags behind the state median, which surged from $193,500 to $305,700 in the same period. Nationally, the median value increased from $125,500 to $179,400, highlighting a more modest growth compared to both Musselshell County and Montana. This gap suggests that while Musselshell County is becoming increasingly valuable, it may still offer more affordable housing options than other parts of Montana, potentially attracting new residents or investors.
Residential Energy Tax Credit Per Tax Return in Musselshell County, MT Over the Last 6 Years
Over the last six years, Musselshell County, Montana, has seen a notable increase in the average residential energy tax credit per tax return. Starting at $180.00 in 2013, the credit experienced fluctuations, but by 2021, it reached $500.00. This upward trend suggests growing investments in energy-efficient home improvements and might indicate incentives that could benefit those looking to build or upgrade properties. For real estate agents and investors, the increasing tax credit highlights a potential selling point and value proposition for new or existing homes in the area.
Average Real Estate Taxes Per Tax Return in Musselshell County, MT Over the Last 10 Years
Musselshell County, Montana has seen a notable rise in average real estate taxes per tax return over the past decade, generally peaking at $2622.22 in 2020 before slightly dropping to $2037.50 in 2021. A pattern of year-on-year increases, especially between 2016 and 2020, likely reflects both rising property values and possibly changes in local taxation policies. This trend could be significant for potential investors and current property owners, as higher taxes might affect net returns on investments and overall cost of living in the region. Real estate agents and appraisers should account for these changes in their market assessments and property valuations. Prospective movers and those building new properties may want to budget for potentially higher real estate tax pressures.
Percentage of Farm Returns in Musselshell County, MT Over the Last 10 Years
In Musselshell County, Montana, the percentage of farm tax returns has hovered around 11% over the last decade. This slight fluctuation could indicate a relatively stable agricultural sector. Farm tax returns often reveal the economic health and activity level within the farming community, a crucial stat for investors eyeing the area. With returns staying consistently around this mark, the trend suggests that farming remains a significant part of the local economy, making the region potentially appealing for agribusiness investment, property development, or relocation for those invested in rural and agricultural living.
Number of Mortgages by Occupancy Type in Musselshell County, MT Over the Last 5 Years in Musselshell County
In Musselshell County, Montana, the number of mortgages for principal residences has shown some fluctuation but generally stayed dominant, peaking in 2021 with 296 mortgages. Meanwhile, investments in second residences and investment properties have seen lower and more variable numbers, with investment property mortgages notably dropping from 12 in 2021 to just 7 in 2022. These trends could be significant for potential investors and real estate agents as they hint at a strong primary housing market but a relatively weaker appetite for secondary properties and investments. For appraisers and insurance agents, understanding these shifts in property occupancy can help better evaluate risk and property values. Builders might also find this data valuable when planning new projects to align with market demand dynamics.
Economic Outlook
In Musselshell County, Montana, the average taxable income per tax return has fluctuated between $46,429.50 in 2016 and $54,825.00 in 2021. Such variations might hint at shifts in the local economy or job market, influencing property values and investment opportunities. Meanwhile, the average state and local income taxes have oscillated between $5,133.33 and $7,188.89 over the past decade, indicating potential changes in income levels or tax policies. Total tax liabilities per tax return have... Read more
Average Taxable Income per Tax Return in Musselshell County, MT over the last 9 years
Over the past nine years, Musselshell County in Montana has seen fluctuations in its average taxable income per tax return. The figures have generally hovered between $46,429.50 in 2016 and $54,825.00 in 2021. Such variations could be of interest to those looking to invest or build property in the area, as higher taxable incomes might indicate a potentially stronger local economy or shifts in the job market that could influence property values. Real estate agents and insurance agents might also find these trends useful for appraising properties and assessing risks.
Average State and Local Income Taxes Per Tax Return in Musselshell County, MT Over the Last 10 Years
In Musselshell County, Montana, average state and local income taxes per tax return have shown volatility over the past decade, with a notable spike to $7,188.89 in 2018 and a low of $5,133.33 in 2013. The figures often fluctuate year-to-year, hovering mostly between $5,000 and $6,000 but reaching above $6,000 in several instances. This trend suggests possible shifts in income levels, tax policy changes, or economic conditions affecting residents' taxable incomes. For investors, builders, appraisers, insurance agents, and real estate professionals, these variations are crucial as they might reflect the county's economic health and tax burden on residents, potentially impacting property values and investment returns.
Average Total Tax Liability Per Tax Return in Musselshell County, MT Over the Last 10 Years
Musselshell County, Montana has experienced fluctuating average total tax liabilities per tax return over the past decade, generally ranging from roughly $6,500.00 to $8,500.00. The years 2014 and 2021 saw the highest spikes, each exceeding $8,100.00, hinting at potential economic shifts or changes in local tax policies. Conversely, a notable dip occurred in 2019 with a low around $6,523.65. For those considering investment or property development, these variations could suggest economic volatility or periodic fiscal adjustments affecting tax brackets or income levels in the county.
Cost of Living in Musselshell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,257 | $1,456 | $1,586 | $1,094 | $1,225 |
| 1 adult 4 children | $1,257 | $1,189 | $1,228 | $1,094 | $1,392 |
| 2 adults 3 children | $1,257 | $1,189 | $1,368 | $1,094 | $999 |
| 1 adult 3 children | $1,257 | $971 | $1,011 | $1,094 | $1,144 |
| 2 adults 2 children | $917 | $974 | $1,150 | $948 | $829 |
| 1 adult 2 children | $917 | $727 | $793 | $948 | $820 |
| 2 adults 1 child | $917 | $769 | $932 | $474 | $756 |
| 1 adult 1 child | $917 | $497 | $575 | $474 | $656 |
| 2 adults | $697 | $618 | $715 | $0 | $591 |
| 1 adult | $661 | $337 | $357 | $0 | $546 |
Safety trends & Data
Musselshell County, Montana experiences low but varied property crime rates, making it a relatively secure area while still presenting some risks. Larceny - Theft holds steady with 1-2 reports annually, and Motor Vehicle Theft peaked at four cases in 2020. Vandalism saw its highest at four incidents in 2019, with sporadic occurrences otherwise. The introduction of isolated cases of Burglary in 2021 and Forgery and Counterfeiting in 2022 adds a layer of complexity for investors, insurers, and... Read more
Property Crime Trends in Musselshell County, MT Over the Last 5 Years
Musselshell County, Montana has seen relatively low but varied property crime incidents over the past five years. Larceny - Theft reports have consistently remained around 1-2 incidents annually, while Motor Vehicle Theft saw a peak with four incidents in 2020. Vandalism incidents fluctuated, with the highest count at four incidents in 2019. 2021 marked the only year with a reported Burglary, and 2022 introduced a single Forgery and Counterfeiting case into the record. This relatively low but diverse activity in property crime could provide insights for potential investors, insurers, and residents assessing localized risk factors.
Demographics
Musselshell County, Montana, exhibits an almost balanced gender distribution among its adult population, highlighting a near-equal representation of males and females. The region has a diverse age range with a noticeable concentration in older age groups, particularly between 55 and 74. Educational attainment shows a substantial proportion of residents have completed high school, with a noteworthy share holding some college education or associate's degrees, but relatively fewer have obtained... Read more
Race Distribution in Musselshell County, Montana (2022)
Educational Attainment in Musselshell County, Montana (2022)
Age Distribution in Musselshell County, Montana
Citizen Population in Musselshell County, Montana (2022)
Political Trends & Data
In Musselshell County, Montana, the real estate market could be influenced by a predominantly conservative electorate, with about 84% of 2020 U.S. Presidential Election votes favoring Republicans. This strong Republican leaning suggests potential stability in property values and a possibly slower rate of urban development, catering more to traditional homebuyers. The Democratic vote share of around 14% and minimal support for other parties like Libertarians (just over 1.5%) might hint at... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Musselshell County, Montana, the 2020 U.S. Presidential Election results could indicate a strong Republican leaning, with approximately 84% of votes going to the Republican party. Democrats, lagging significantly, received around 14%. Libertarians managed to capture just over 1.5% of the vote, while no votes were recorded for the Green party or other candidates. These trends might suggest a deeply rooted conservative stance among the local electorate.
84.10% of voters voted for the Republican party in the 2020 Presidential Election
14.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.56% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the last decade, Musselshell County, Montana has seen the student-to-teacher ratio drop from 22 in 2014 to around 10, well below the national average of 14. This trend may imply more personalized attention for students, which could be a significant draw for families prioritizing education. For those considering a move or investment, smaller class sizes might be a key selling point, potentially influencing local real estate... Read more
Student-to-teacher ratio in Musselshell County, Montana over the last 10 years
Over the last decade, Musselshell County, Montana has seen a notable decrease in the student-to-teacher ratio. Starting from a high of 22 students per teacher in 2014, the ratio significantly dropped to a low of around 9 in 2016 and has hovered around 10 since then. This is below the national average of 14 students per teacher, indicating potentially more personalized attention for students in Musselshell County. For those considering moving to the area or investing in property, these figures suggest a focus on smaller class sizes, which could be appealing to families prioritizing education. Real estate agents and appraisers might find this trend useful when highlighting the benefits of the local education system to prospective buyers.
