Phillips County Real Estate and Livability Trends
Phillips County, Montana's property market shows intriguing trends, with home values rising notably from $121,800 in 2015 to $178,100 in 2022, indicating potential for affordable investment opportunities. Taxable income also peaked at $47,134.39 in 2021, hinting at economic improvement, while fluctuations in both state and local taxes suggest varying economic conditions or policies. Notably lower... Read more
Phillips County Market Trends
Home values in Phillips County, Montana have increased notably, reaching a median value of $178,100 in 2022 from $121,800 in 2015. Although lower than the statewide median, this rise may highlight affordable investment opportunities. Residential energy tax credits per tax return have fluctuated, peaking at $266.67 in 2016 and dropping to $150.00 by 2020, suggesting varying investments in... Read more
Median Value of Occupied Housing Units in Phillips County, Montana Over the Last 8 Years
Home values in Phillips County, Montana have shown a notable upward trend over the past eight years, with a median value increase from $121,800 in 2015 to $178,100 in 2022. While this climb is significant, it still lags behind the statewide median home value in Montana, which surged from $193,500 in 2015 to $305,700 in 2022. Compared to the national median, Phillips County's values are lower but have followed a similar upward progression, with the U.S. median home value rising from $125,500 in 2015 to $179,400 in 2022. This trajectory may present investment opportunities in Phillips County, particularly for those looking for affordable options relative to broader market trends.
Residential Energy Tax Credit Per Tax Return in Phillips County, MT Over the Last 6 Years
The average residential energy tax credit per tax return in Phillips County, Montana has shown considerable fluctuation over the last six years. While the value started at $200.00 in 2013 and 2014, it dipped to $166.67 in 2015 before climbing to $266.67 in 2016. However, by 2020, the average had decreased further to $150.00. These changes might suggest varying levels of investment in energy-efficient home upgrades, potentially signaling opportunities for investors or property developers to capitalize on energy-saving improvements in the area. Real estate agents and appraisers might find this information useful when assessing property values and market trends.
Average Real Estate Taxes Per Tax Return in Phillips County, MT Over the Last 10 Years
Real estate taxes per tax return in Phillips County, Montana have been rising steadily over the past decade. Ten years ago, taxpayers saw an average rate of $1,332.14, which eventually peaked at $2,700.00 in 2020 before slightly dipping to $2,440.00 in 2021. This ongoing increase, despite a recent dip, could reflect broader economic trends and changes in county tax policies, potentially impacting property investment returns and cost-of-living considerations.
Percentage of Farm Returns in Phillips County, MT Over the Last 10 Years
In Phillips County, Montana, farm tax returns have fluctuated over the last decade, with percentages peaking around 19.20% in 2014 and hitting a low at approximately 17.32% in 2019. This indicates a relatively stable agricultural tax base, making it a noteworthy trend for those considering investing, building property, or moving into the region. The percentage of farm returns can be a reliable metric to gauge the economic reliance on agriculture, providing insight into opportunities within the local agricultural sector.
Number of Mortgages by Occupancy Type in Phillips County, MT Over the Last 5 Years in Phillips County
Over the past five years in Phillips County, Montana, there's been a noticeable fluctuation in the number of mortgages, with principal residences seeing a general upward trend and peaking significantly in 2021 at 153 mortgages. By contrast, both investment properties and second residences have shown minimal and relatively stable mortgage counts. Such changes in occupancy type might influence local property values, affect demand for infrastructure like schools and healthcare, and drive the need for varied insurance products. This dynamic can signal potential investment opportunities or risks, depending on market conditions, for those engaged in real estate or considering relocation to the area.
Economic Outlook
Phillips County, Montana's average taxable income peaked at $47,134.39 in 2021, hinting at potential economic improvements and higher earning potentials in the region, which could be appealing to investors and property developers. State and local income taxes have shown volatility, dipping as low as $3,900.00 in 2018, suggesting varying economic conditions or policy changes that might impact long-term financial commitments. The average total tax liability also fluctuated, with highs of... Read more
Average Taxable Income per Tax Return in Phillips County, MT over the last 9 years
The average taxable income per tax return in Phillips County, Montana has displayed a general upward trend over the past nine years, peaking at $47,134.39 in 2021. Although there were slight dips in certain years, the overall growth could hint at economic improvements or higher earning potentials in the region. This information might be particularly relevant for potential investors, property developers, and real estate agents looking to gauge financial health and opportunities in Phillips County.
Average State and Local Income Taxes Per Tax Return in Phillips County, MT Over the Last 10 Years
Phillips County, Montana has seen fluctuations in average state and local income taxes per tax return over the past decade, with figures typically hovering between $3,900.00 and $4,866.67. There was a notable dip in 2018 to $3,900.00, the lowest point across the ten-year span. This kind of volatility could be reflective of varying economic conditions or policy changes, which might be significant for potential investors or those evaluating long-term financial commitments in the area. Understanding these trends can give real estate agents, appraisers, and insurance agents a better insight into the economic landscape of the county.
Average Total Tax Liability Per Tax Return in Phillips County, MT Over the Last 10 Years
Phillips County, Montana's average total tax liability per tax return has seen some fluctuation over the past decade. Peaks were observed in 2014 and 2019 with $6,039.58 and $6,091.67, respectively, while notable lows occurred in 2013 and 2018 at $5,632.86 and $5,190.91. 2021 shows a notable increase, reaching $6,424.29, which could potentially indicate changes in economic activity or tax policy impacts. Investors and those involved in real estate might be particularly interested in these shifts as they reflect underlying economic conditions within the county.
Cost of Living in Phillips County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,460 | $1,968 | $1,029 | $1,261 |
| 1 adult 4 children | $1,174 | $1,192 | $1,524 | $1,029 | $1,394 |
| 2 adults 3 children | $1,174 | $1,193 | $1,698 | $1,029 | $1,016 |
| 1 adult 3 children | $1,174 | $974 | $1,254 | $1,029 | $1,128 |
| 2 adults 2 children | $826 | $976 | $1,428 | $892 | $830 |
| 1 adult 2 children | $826 | $729 | $984 | $892 | $791 |
| 2 adults 1 child | $826 | $772 | $1,159 | $446 | $754 |
| 1 adult 1 child | $826 | $498 | $714 | $446 | $635 |
| 2 adults | $731 | $620 | $889 | $0 | $634 |
| 1 adult | $596 | $338 | $444 | $0 | $538 |
Safety trends & Data
In Phillips County, Montana, property crime data from the last five years reveals some interesting patterns. Larceny-theft hit a high in 2018 with 11 cases but saw a decline in the following years, suggesting a potential boost in theft prevention measures. Vandalism, however, has been on the rise, climbing to 8 cases in 2022 from only 3 in 2018. Motor vehicle theft has stayed consistently low, fluctuating between just 1 to 3 cases annually. These crime trends could be important for investors,... Read more
Property Crime Trends in Phillips County, MT Over the Last 5 Years
In Phillips County, Montana, property crime trends over the last five years show some notable fluctuations, especially in categories like larceny-theft, vandalism, and motor vehicle theft. Larceny-theft peaked in 2018 with 11 cases but decreased in subsequent years, indicating potential improvements in theft prevention. Vandalism incidents, however, have increased, with 8 cases in 2022, up from just 3 in 2018. Motor vehicle theft remained relatively low and stable, with only 1 to 3 cases each year. These insights could be valuable for investors, real estate agents, and anyone considering moving to or working in the county.
Demographics
Phillips County, Montana has a nearly even adult gender distribution, with 1,576 males and 1,590 females. Educationally, the majority of adults have completed high school or have some college education, but relatively few have advanced degrees. The age structure reveals a significant portion of the population is between 55 and 64 years old, which could correlate with an aging demographic. Racially, the population is predominantly White, with a notable minority of American Indian and Alaska... Read more
Race Distribution in Phillips County, Montana (2022)
Educational Attainment in Phillips County, Montana (2022)
Age Distribution in Phillips County, Montana
Citizen Population in Phillips County, Montana (2022)
Political Trends & Data
Phillips County, Montana, appears to have a strong conservative lean, with over 80% of votes going to the Republican candidate in the 2020 U.S. Presidential Election. Democrats attracted just under 18% of the vote, and the Libertarian Party received slightly over 1%. This significant tilt towards the Republican Party might influence local policies and community initiatives, potentially affecting real estate market dynamics as... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Phillips County, Montana, the 2020 U.S. Presidential Election tilted heavily towards the Republican Party, with over 80% of the votes. Democrats garnered just under 18%, while the Libertarian Party received slightly over 1%. The data may indicate a strong conservative lean among voters in this county.
81.28% of voters voted for the Republican party in the 2020 Presidential Election
17.46% of voters voted for the Democrat party in the 2020 Presidential Election
1.26% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Phillips County, Montana has reported student-to-teacher ratios that have notably dropped from a peak of 22 students per teacher in 2014 to consistent levels around 7 to 8 students per teacher from 2018 to 2023. This markedly lower ratio, compared to the national average of 14 students per teacher, suggests more individualized attention for students, potentially boosting the area's appeal for families, investors, and educators. Smaller class sizes are often linked to better education quality... Read more
Student-to-teacher ratio in Phillips County, Montana over the last 10 years
Phillips County, Montana has seen a fluctuating student-to-teacher ratio over the past decade, with a notable peak at 22 students per teacher in 2014, then significantly dropping to consistent ratios around 7 to 8 students per teacher from 2018 to 2023. This stands out compared to the national average of 14 students per teacher, suggesting smaller class sizes which could be appealing for investors, families relocating, and educators valuing more individualized attention for students. Smaller class sizes often imply better quality of education and more opportunities for student engagement, factors that can significantly impact property values, community growth, and overall desirability of the area.
