Park County Real Estate and Livability Trends
Park County, Montana, has seen notable economic growth with average taxable income nearly doubling from $44,734.33 in 2013 to $89,995.01 in 2021, potentially driving up property values. Median home values shot up to $399,900 in 2022, outpacing state and national trends, suggesting strong demand or limited supply. Concurrently, the rise in average state and local income taxes and real estate taxes... Read more
Park County Market Trends
Park County, Montana, has experienced a more drastic rise in median home values than state and national averages, reaching $399,900 in 2022. This suggests a potentially lucrative real estate market likely driven by strong demand or limited supply. Residential energy tax credits have seen fluctuations, peaking at $1,600.00 per tax return in 2019, hinting at an increased focus on energy-efficient... Read more
Median Value of Occupied Housing Units in Park County, Montana Over the Last 8 Years
Park County, Montana, has seen a sharper increase in median home values compared to both state and national averages over the last eight years. In 2022, the median home value in Park County hit $399,900, which is significantly higher than the state median of $305,700 and the national median of $179,400 for the same year. This dramatic rise could signal strong local market trends and might suggest robust demand or limited housing supply, making it a potentially lucrative area for real estate investment or development within Montana.
Residential Energy Tax Credit Per Tax Return in Park County, MT Over the Last 8 Years
Park County, Montana's residential energy tax credits have experienced notable fluctuations over the last eight years, peaking at $1,600.00 per tax return in 2019. The significant increase from $775.00 in 2016 to $1,600.00 in 2019 suggests residents might have invested more in energy-efficient home improvements during this period. This rise, followed by a decline to $953.33 in 2021, could indicate shifting priorities or changes in available incentives. For real estate investors and developers, this trend might highlight the growing emphasis on energy efficiency in housing, making properties with energy-saving features potentially more attractive to buyers.
Average Real Estate Taxes Per Tax Return in Park County, MT Over the Last 10 Years
Over the past decade, Park County, Montana has seen a notable increase in average real estate taxes per tax return, doubling from approximately $2,394.42 in 2012 to $4,436.76 in 2021. This trend might be indicative of rising property values or changes in tax policies, potentially affecting investment decisions and living costs. Stakeholders, including investors, real estate agents, appraisers, and residents, should consider these escalating tax figures when evaluating property market dynamics or making residential decisions in Park County, as they could impact the overall economic landscape and housing affordability in the area.
Percentage of Farm Returns in Park County, MT Over the Last 10 Years
Farm tax returns in Park County, Montana have shown a generally decreasing trend over the past decade, dropping from approximately 3.97% in 2012 to around 2.99% in 2021. These returns, essentially annual filings required by farmers to report income and expenses related to agricultural activity, are a key indicator of the region's economic health. For investors, property developers, and potential residents, this decline could hint at shifts in agricultural engagement or profitability in the area, potentially affecting land values and local investment opportunities.
Number of Mortgages by Occupancy Type in Park County, MT Over the Last 5 Years in Park County
In Park County, Montana, the mortgage landscape has shown significant variation over the last five years. Principal residences consistently account for the highest number of mortgages, peaking in 2020 with 1,330 before falling to 712 in 2022. Investment properties and second residences have seen more modest fluctuations but have similarly peaked in recent years. Changes in occupancy type matter as they reflect economic conditions, property value trends, and potential shifts in community demographics, impacting investors, homebuyers, appraisers, and real estate professionals. These trends can also influence local infrastructure demands and insurance risk assessments, affecting overall market stability and growth prospects.
Economic Outlook
In Park County, Montana, the average taxable income has nearly doubled from $44,734.33 in 2013 to $89,995.01 in 2021. This significant growth, particularly between 2017 and 2021, hints at a flourishing local economy that may be pushing property values upward. Concurrently, the average state and local income taxes have nearly doubled since 2017, reaching $15,764.29 by 2021, which might be a sign of economic expansion or shifts in tax policy. Additionally, the total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Park County, MT over the last 9 years
The average taxable income per tax return in Park County, Montana has seen a significant upward trend over the past nine years, rising from approximately $44,734.33 in 2013 to around $89,995.01 in 2021. This could suggest an economic growth in the area that might be of interest to investors, real estate agents, and those looking to relocate. The consistent increase, especially notable jumps between 2017 and 2021, might imply a thriving local economy, potentially driving property values and altering insurance assessments in the county.
Average State and Local Income Taxes Per Tax Return in Park County, MT Over the Last 10 Years
Park County, Montana has experienced notable growth in state and local income taxes per tax return over the past decade, with a significant sharp increase starting in 2017. In 2017, the average tax was around $7,123.21 and by 2021 it had jumped to $15,764.29. This nearly doubled increase could indicate economic growth or changes in tax policy and has substantial implications for potential investors, residents, appraisers, and real estate agents looking at the county. Understanding these shifts can help in making more informed decisions related to real estate, investments, property valuations, and insurance within the region.
Average Total Tax Liability Per Tax Return in Park County, MT Over the Last 10 Years
Over the past decade, Park County, Montana has experienced a noticeable increase in average total tax liability per tax return, rising from $7,970.00 in 2012 to $15,868.84 in 2021. This upward trend, especially the significant jump observed from 2019 to 2021, could signal a rapidly changing economic landscape, potentially driven by increasing property values or higher incomes. For real estate agents, investors, and those considering moving to the area, these figures might suggest a growing financial burden but also an influx of wealth and investment in the region. It's crucial to stay aware of these trends to make informed decisions about property investments and financial planning in Park County.
Cost of Living in Park County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,420 | $1,633 | $1,968 | $1,459 | $1,645 |
| 1 adult 4 children | $1,420 | $1,333 | $1,524 | $1,459 | $1,790 |
| 2 adults 3 children | $1,420 | $1,334 | $1,698 | $1,459 | $1,368 |
| 1 adult 3 children | $1,420 | $1,089 | $1,254 | $1,459 | $1,517 |
| 2 adults 2 children | $1,035 | $1,092 | $1,428 | $1,264 | $1,055 |
| 1 adult 2 children | $1,035 | $816 | $984 | $1,264 | $1,084 |
| 2 adults 1 child | $1,035 | $863 | $1,159 | $632 | $915 |
| 1 adult 1 child | $1,035 | $557 | $714 | $632 | $783 |
| 2 adults | $786 | $693 | $889 | $0 | $676 |
| 1 adult | $745 | $378 | $444 | $0 | $603 |
Safety trends & Data
Property crime trends in Park County, Montana show some fluctuations over the last five years, with larceny-theft consistently present each year, peaking at 14 cases in 2018. Vandalism incidents have steadily occurred, with the highest number being six reports in 2021. Burglary incidents varied but never exceeded two cases per year, and arson appeared only in 2022 with two cases. These crime stats suggest potential considerations for real estate investments, insurance assessments, and property... Read more
Property Crime Trends in Park County, MT Over the Last 5 Years
Property crime trends in Park County, Montana show some fluctuations over the last five years, with larceny-theft appearing consistently each year, peaking at 14 cases in 2018. Vandalism also steadily occurred, with the highest number being six reports in 2021. Burglary incidents varied but never exceeded two cases per year. Notably, arson appeared only in 2022 with two cases. These trends indicate potential areas of concern for real estate investments, insurance assessments, and property management.
Demographics
Park County, Montana shows a nearly equal gender distribution among its adult population, with a slight lean towards males. The educational attainment data reveals that a significant portion of the population has completed some college or holds a bachelor's degree, suggesting relatively high education levels. Age-wise, the county appears to be balanced across different age groups, though there's a notable concentration in the 55-64 age bracket. Race distribution overwhelmingly indicates a... Read more
Race Distribution in Park County, Montana (2022)
Educational Attainment in Park County, Montana (2022)
Age Distribution in Park County, Montana
Citizen Population in Park County, Montana (2022)
Political Trends & Data
In Park County, Montana, the 2020 U.S. Presidential Election reflected a slight Republican edge, with about 52% of the vote leaning red, while around 46% favored Democrats. Libertarians had minimal traction at just over 2%, indicating that while the county leans bipartisan, there's sporadic interest in third... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Park County, Montana, the 2020 U.S. Presidential Election results likely indicate a subtle Republican lean with roughly 52% of the vote, while Democrats garnered about 46%. The Libertarian presence was minimal at just over 2%, and no significant votes were captured by the Green Party or other parties. This distribution could suggest a predominantly bipartisan landscape with occasional third-party interest.
52.09% of voters voted for the Republican party in the 2020 Presidential Election
45.65% of voters voted for the Democrat party in the 2020 Presidential Election
2.26% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Park County, Montana, the student-to-teacher ratio dropped from 20:1 in 2014 to around 10:1 recently, contrasting with the national average of 14:1. This suggests a more favorable environment for individualized attention in classrooms. A lower student-to-teacher ratio could be an attractive feature for families considering relocating, implying a higher quality of education and potentially better community satisfaction. For real estate professionals, this can be a crucial selling point when... Read more
Student-to-teacher ratio in Park County, Montana over the last 10 years
Over the past decade, the student-to-teacher ratio in Park County, Montana has seen a significant drop, starting from 20 students per teacher in 2014 to around 10 students per teacher in recent years. When compared to the national average of 14 students per teacher, Park County affords a more favorable environment for individualized attention in its classrooms. For potential investors, movers, appraisers, and real estate agents, a lower student-to-teacher ratio could be a crucial selling point, suggesting a higher quality of education. Families considering relocating might find this particularly appealing, and it can also indicate lower stress and better working conditions for teachers, potentially leading to better overall community satisfaction.
