Powder River County Real Estate and Livability Trends
Powder River County, Montana has experienced significant changes in taxable income, peaking at about $57,048.75 in 2015 before dropping to $38,918.29 by 2019, which may have influenced property values. Median home values have shown volatility, rising from $107,800 in 2015 to $167,500 in 2022, but still trail behind the state's average. With tax liabilities peaking over $8,100 in 2014-2015 and... Read more
Powder River County Market Trends
Powder River County, Montana, has seen its median home values shift from $107,800 in 2015 to $167,500 in 2022, contrasting significantly with the state's overall growth from $193,500 to $305,700. Real estate taxes in the county reflected similar volatility, peaking at $1,625.00 in 2012 before adjusting to $1,271.43 by 2017. Meanwhile, the percentage of farm tax returns gradually increased from... Read more
Median Value of Occupied Housing Units in Powder River County, Montana Over the Last 8 Years
Powder River County, Montana, has seen some interesting fluctuations in its median home values over the past eight years. From a modest $107,800 in 2015, the value saw a significant spike by 2019, reaching $142,600. After a slight dip, it surged to $167,500 in 2022. This is quite contrasting compared to the state's overall median, which consistently climbed from $193,500 in 2015 to $305,700 in 2022. Nationally, while the values also rose from $125,500 in 2015 to $179,400 in 2022, the increases weren't as dramatic as Montana's. These trends might suggest growing local demand or unique economic factors impacting Powder River County, making it a place to watch for potential real estate investments or new builds.
Average Real Estate Taxes Per Tax Return in Powder River County, MT Over the Last 6 Years
Over the past six years in Powder River County, Montana, there has been a noticeable fluctuation in real estate taxes per tax return. After peaking at $1625.00 in 2012, taxes dropped significantly in 2013 to $1016.67 and showed a steady upward trend reaching $1271.43 by 2017. This could reflect changes in property values or tax policies, which might be relevant for investors, potential residents, real estate professionals, and insurance agents when considering the financial landscape of the area.
Percentage of Farm Returns in Powder River County, MT Over the Last 10 Years
The percentage of farm tax returns in Powder River County, Montana, has shown a gradual increase over the last decade, rising from approximately 33.33% in 2012 to around 39.47% in 2021. This trend suggests that farming is maintaining its importance as a livelihood in the area. Farm tax returns represent the income reported from agricultural activities, indicating not just the economic health but also the reliance on agriculture within the county. For potential investors, builders, and residents, such trends could hint at a stable agricultural base, which might influence decisions on property investments, community development, and local economic strategies.
Number of Mortgages by Occupancy Type in Powder River County, MT Over the Last 5 Years in Powder River County
Powder River County, Montana has seen noticeable fluctuations in mortgage activity, particularly with an uptick in principal residence mortgages, peaking at 28 in 2021. Investment properties have consistently low numbers, barely reaching three in 2022, while second residences appeared sporadically. These variances in occupancy types can be crucial for investors and real estate agents as they indicate a stronger market for primary residences, hinting at community stability and demand for long-term housing. Appraisers and insurance agents should consider these trends for accurate property valuations and coverage assessments, while builders might focus on creating homes to meet the dominant demand for principal residences.
Economic Outlook
Around 2015, Powder River County, Montana saw the average taxable income peak at about $57,048.75, but by 2019 it had dropped to $38,918.29, potentially impacting property values and resale opportunities. Concurrently, there was a consistent rise in state and local income taxes, climbing from $3,290.91 in 2012 to $5,900.00 in 2019, hinting at changes in economic conditions that could influence real estate market stability. Interestingly, the average total tax liability showed a significant peak... Read more
Average Taxable Income per Tax Return in Powder River County, MT over the last 9 years
The average taxable income per tax return in Powder River County, Montana has experienced notable fluctuations over the past nine years, peaking in 2015 at approximately $57,048.75 and hitting a low in 2019 at around $38,918.29. These shifts could potentially influence the local real estate market, being reflective of economic conditions that may affect property values and investment opportunities. For those considering relocation, investing, or building property in the area, understanding these trends could be vital in evaluating economic stability and growth potential.
Average State and Local Income Taxes Per Tax Return in Powder River County, MT Over the Last 7 Years
Over the last seven years, Powder River County, Montana, has seen a significant increase in average state and local income taxes per tax return, starting at $3,290.91 in 2012 and rising to $5,900.00 by 2019. This upward trend could signal emerging economic changes that may impact various stakeholders, from potential investors to real estate agents. While there is some fluctuation, the overall rise suggests that tax policies or income levels might be shifting, which could affect everything from property values to insurance rates.
Average Total Tax Liability Per Tax Return in Powder River County, MT Over the Last 10 Years
Over the past decade in Powder River County, Montana, the average total tax liability per tax return has shown notable fluctuations. There was a substantial peak in 2014 and 2015, with liabilities going above $8,100. Contrastingly, 2018 and 2020 saw some of the lowest averages, dipping below $5,500. For investors and real estate agents, these variations can signify economic conditions and property value trends in the region. Understanding these trends could be beneficial for adjusting property prices, planning investments, or estimating future tax burdens.
Cost of Living in Powder River County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,484 | $1,968 | $1,173 | $1,431 |
| 1 adult 4 children | $1,174 | $1,212 | $1,524 | $1,173 | $1,591 |
| 2 adults 3 children | $1,174 | $1,212 | $1,698 | $1,173 | $1,174 |
| 1 adult 3 children | $1,174 | $990 | $1,254 | $1,173 | $1,312 |
| 2 adults 2 children | $826 | $992 | $1,428 | $1,017 | $943 |
| 1 adult 2 children | $826 | $741 | $984 | $1,017 | $944 |
| 2 adults 1 child | $826 | $784 | $1,159 | $508 | $844 |
| 1 adult 1 child | $826 | $507 | $714 | $508 | $721 |
| 2 adults | $628 | $630 | $889 | $0 | $658 |
| 1 adult | $596 | $344 | $444 | $0 | $595 |
Safety trends & Data
Powder River County, Montana has experienced sporadic property crime over the past few years, with only a couple of fraud cases in 2018 and a single vandalism incident in 2020. This minimal criminal activity suggests a relatively low crime environment, which might attract investors and new residents. For real estate professionals, the isolated nature of these crimes could positively influence property valuations and insurance... Read more
Property Crime Trends in Powder River County, MT Over the Last 2 Years
Property crime in Powder River County, Montana has shown a notably sporadic pattern over the past two years, with instances of fraud occurring twice in 2018 and a single vandalism case recorded in 2020. Such minimal and varied criminal activity could signal a relatively low crime rate environment, potentially making the county appealing to investors and new residents. For real estate agents, appraisers, and insurance agents, understanding the isolated nature of these property crimes may influence property valuations and insurance premiums favorably.
Demographics
In 2022, Powder River County, Montana saw a nearly balanced adult population with slightly more males than females. Education levels varied, with a significant percentage holding at least a high school diploma, while a smaller fraction achieved graduate or professional degrees. The age distribution suggests a sizeable elderly population, indicating potential demands for healthcare and senior services. The racial makeup is predominantly White, underscoring limited racial diversity within the... Read more
Race Distribution in Powder River County, Montana (2022)
Educational Attainment in Powder River County, Montana (2022)
Age Distribution in Powder River County, Montana
Citizen Population in Powder River County, Montana (2022)
Political Trends & Data
Powder River County, Montana, leaned heavily Republican in the 2020 U.S. Presidential Election, possibly illustrating a community deeply rooted in conservative values. Republicans may have garnered around 85% of the vote, overshadowing Democrats who likely secured just over 13%, and Libertarians barely making a dent with just over 1%. This marked preference could influence buyer preferences and investment strategies in the local real estate market, potentially attracting more... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Powder River County, Montana, leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans potentially receiving around 85% of the vote. Democrats lagged far behind, possibly securing just over 13%, while Libertarians might have captured a minimal share of just over 1%. No other parties appeared to gain any significant traction, which perhaps illustrates a strong loyalty to the two main parties, particularly the Republican Party.
85.39% of voters voted for the Republican party in the 2020 Presidential Election
13.56% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Powder River County, Montana has consistently had a student-to-teacher ratio between 7 and 9 students per teacher, significantly lower than the national average of 14. This trend hints at a more personalized education environment, potentially making the area attractive to families and investors alike. For those considering local real estate, strong community investment in education could signal higher demand for housing and positively influence property appraisals. Additionally, this stable... Read more
Student-to-teacher ratio in Powder River County, Montana over the last 10 years
Powder River County, Montana has consistently had a lower student-to-teacher ratio than the national average of 14 students per teacher over the past decade. With numbers varying between 7 and 9 students per teacher, these ratios hint at a more personalized education environment, which could be appealing to families looking to move into the area. For those investing in local real estate or considering development, this trend may signal strong community investment in education and could potentially drive higher demand for housing in areas with good schools. Lower student-to-teacher ratios might also influence appraisals positively and indicate a stable, supportive environment for long-term growth, which could be an attractive proposition for insurance agents assessing risk and premium calculations.
