Powell County Real Estate and Livability Trends
Powell County, Montana is seeing significant economic growth, with average taxable incomes rising from $40,819.70 in 2013 to $65,867.38 in 2021, likely pushing up property values. Median home values have surged to $226,600 in 2022 from $119,500 in 2015, indicating a robust housing market still below the state median. Real estate and income taxes have also climbed, possibly reflecting rising... Read more
Powell County Market Trends
Powell County, Montana is experiencing a dramatic increase in median home values, hitting $226,600 in 2022, nearly doubling from $119,500 in 2015. This reflects a rapidly appreciating market, albeit still below Montana's state median of $305,700. Real estate taxes have surged from $1,691.91 in 2012 to $4,218.18 by 2021, signaling enhanced property value. The notable hike in the residential energy... Read more
Median Value of Occupied Housing Units in Powell County, Montana Over the Last 8 Years
Powell County, Montana has seen a dramatic increase in median home values over the past eight years, reaching $226,600 in 2022 from $119,500 in 2015. This growth, particularly the significant jump from 2021 to 2022, suggests a rapidly appreciating market, although still trailing the state average of $305,700 and the U.S. average of $179,400. This makes Powell County a potentially attractive location for investors seeking more affordable entry points within Montana's competitive housing landscape.
Residential Energy Tax Credit Per Tax Return in Powell County, MT Over the Last 8 Years
Over the past eight years, the average residential energy tax credit per tax return in Powell County, Montana shows a fluctuating pattern, with notable peaks in 2014 at $271.43 and an even more significant rise in 2021 to $460.00. This variability potentially indicates changes in tax credit policies or shifts in energy-efficient investments by homeowners. The substantial increase in 2021 might suggest heightened awareness or incentives for energy-efficient improvements. For investors, real estate agents, or those contemplating property development, these trends might imply growing interest and opportunities in energy-efficient home upgrades in the area.
Average Real Estate Taxes Per Tax Return in Powell County, MT Over the Last 10 Years
Real estate taxes in Powell County, Montana have experienced a notable upward trend over the past decade. Starting from $1,690.91 in 2012, there's been a steady increase, reaching $4,218.18 by 2021. A significant spike is evident from 2017 to 2018, where taxes jumped from $2,235.71 to $3,081.82, and continued climbing consistently thereafter. This rise in property taxes could imply increasing property values in the area, a factor worth considering for potential investors, appraisers, and those in the real estate market.
Percentage of Farm Returns in Powell County, MT Over the Last 10 Years
The data shows small but noticeable fluctuations in the percentage of farm tax returns in Powell County, Montana over the last decade, generally oscillating between 7.61% in 2012 and slightly dipping to 6.01% by 2021. Farm tax returns, which represent the proportion of tax filings from agricultural enterprises, serve as a key indicator of the agricultural sector's vitality. For potential investors, developers, or anyone considering moving to Powell County, these figures highlight the stability of local agriculture despite minor variations, suggesting a resilient farming community that could influence property values and local economic dynamics positively.
Number of Mortgages by Occupancy Type in Powell County, MT Over the Last 5 Years in Powell County
Powell County, Montana, shows a notable rise in mortgages for principal residences, peaking in 2021 with 245 total. Investment properties and second residences maintained relatively steady numbers without significant spikes. Changes in occupancy type matter because they reflect shifts in housing demand and economic conditions, impacting property values and market stability. Investors might find the stability in investment property mortgages appealing, while those looking to move might appreciate the high demand for principal residences indicating a lively, growing community. For appraisers and insurance agents, understanding these trends helps in accurately assessing property value risks and setting appropriate coverage. Real estate agents and builders can tailor their offerings based on the prominent need for primary residences.
Economic Outlook
In Powell County, Montana, the average taxable income per tax return has shown a marked increase, climbing from $40,819.70 in 2013 to $65,867.38 by 2021. This trend points to a growing economic strength that could drive up property values. The county has also seen a sharp rise in average state and local income taxes per tax return, jumping dramatically from $3,940.35 in 2012 to $14,176.92 in 2021. This suggests either increasing income levels or heightened fiscal demands. Additionally, the... Read more
Average Taxable Income per Tax Return in Powell County, MT over the last 9 years
Over the past nine years, Powell County, Montana, has seen a notable upward trend in average taxable income per tax return. Beginning at $40,819.70 in 2013, this figure has steadily risen to reach $65,867.38 by 2021. Investors, real estate agents, and potential residents might find this data particularly encouraging, as it suggests a growing economic strength and potentially increasing property values in the area. For insurance agents and appraisers, this trend could indicate a shift in the financial profiles and needs of the local population.
Average State and Local Income Taxes Per Tax Return in Powell County, MT Over the Last 10 Years
Over the past decade, Powell County, Montana has experienced a significant rise in average state and local income taxes per tax return, jumping from $3,940.35 in 2012 to $14,176.92 in 2021. Notable increases include the sharp jump from $7,181.82 in 2018 to $10,641.67 in 2019, and another substantial rise to $14,176.92 in 2021. These trends suggest increasing fiscal pressures or higher income levels in the region, which may impact investment decisions, property values, and living costs for potential residents and stakeholders.
Average Total Tax Liability Per Tax Return in Powell County, MT Over the Last 10 Years
Over the past 10 years, Powell County, Montana, has seen a notable upward trend in the average total tax liability per tax return. Starting at $5,479.69 in 2012, it remained relatively stable until 2015 when it began a consistent rise, peaking at $11,508.72 in 2020 before slightly declining to $10,483.18 in 2021. This steady increase may suggest growing incomes or changing tax policies in the area, potentially impacting home prices and living costs. For investors and real estate agents, these trends could indicate a prosperous local economy, while appraisers and insurance agents might need to consider higher property valuations and associated risks.
Cost of Living in Powell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,105 | $1,488 | $1,968 | $1,095 | $1,253 |
| 1 adult 4 children | $1,105 | $1,215 | $1,524 | $1,095 | $1,379 |
| 2 adults 3 children | $1,105 | $1,216 | $1,698 | $1,095 | $1,006 |
| 1 adult 3 children | $1,105 | $992 | $1,254 | $1,095 | $1,111 |
| 2 adults 2 children | $826 | $995 | $1,428 | $949 | $845 |
| 1 adult 2 children | $826 | $743 | $984 | $949 | $807 |
| 2 adults 1 child | $826 | $786 | $1,159 | $475 | $760 |
| 1 adult 1 child | $826 | $508 | $714 | $475 | $638 |
| 2 adults | $628 | $632 | $889 | $0 | $594 |
| 1 adult | $596 | $345 | $444 | $0 | $532 |
Safety trends & Data
Powell County, Montana has experienced varied trends in property crime over the past five years. Larceny-theft has progressively increased, hitting 10 occurrences in 2022, while vandalism spiked in 2020 and 2021 before dropping to 6 incidents in 2022. Motor vehicle thefts also saw a peak with 4 incidents in both 2020 and 2021, then fell sharply to just 1 in 2022. Burglary incidents have stayed minimal, and arson and fraud have remained consistently low. These crime trends may guide law... Read more
Property Crime Trends in Powell County, MT Over the Last 5 Years
Over the last five years, Powell County, Montana has seen fluctuating property crime rates. Notably, larceny-theft incidents have progressively increased, peaking at 10 occurrences in 2022. Vandalism also surged dramatically in 2020 and 2021, with 13 incidents each year, but saw a decrease to 6 in 2022. Motor vehicle thefts reached their highest level in 2020 and 2021, with 4 incidents each year before dropping to just 1 in 2022. While arson and fraud had consistent but relatively low occurrences, burglary remained fairly stable, with minimal incidents annually. These trends might indicate areas of focus for law enforcement and provide insights for prospective investors and residents evaluating the locality's safety and property values.
Demographics
Powell County, Montana shows a significant gender imbalance with nearly twice as many males as females. Educational attainment is quite balanced, although a large proportion of the population only holds a high school diploma, and a smaller segment has advanced degrees. The age distribution skews older, with a notable number of residents aged 45 and above. In terms of racial composition, the population is predominantly White, and other racial groups represent a small fraction of the community,... Read more
Race Distribution in Powell County, Montana (2022)
Educational Attainment in Powell County, Montana (2022)
Age Distribution in Powell County, Montana
Citizen Population in Powell County, Montana (2022)
Political Trends & Data
Powell County, Montana, seems to reflect a strong conservative inclination, with around 74% of the 2020 U.S. Presidential Election vote going Republican. The Democratic party pulled in about 24%, and the Libertarian party captured just over 2%. While these figures might suggest a predominantly right-leaning population, broader historical and demographic aspects are also likely at... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Powell County, Montana, appears to have leaned significantly towards the Republican party in the 2020 U.S. Presidential Election, with approximately 74% of the vote. The Democratic party garnered around 24%, while the Libertarian party managed a modest share of just over 2%. There's no notable support for the Green party or other candidates. This distribution might suggest a strong conservative inclination in the county, though it's important to consider broader historical and demographic factors that could influence voting patterns.
74.08% of voters voted for the Republican party in the 2020 Presidential Election
23.66% 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
Powell County, Montana's student-to-teacher ratio has typically stayed below the national average of 14 students per teacher, seeing a peak at just over 10 in 2023. For investors, real estate professionals, and families, this lower ratio might suggest smaller class sizes and better individual attention for students, enhancing the area's appeal for those prioritizing education quality. Additionally, appraisers and insurance agents might see these numbers as indicative of strong community... Read more
Student-to-teacher ratio in Powell County, Montana over the last 10 years
Over the past decade, Powell County, Montana's student-to-teacher ratio has varied but generally stayed below the national average of 14 students per teacher, with a slight upward trend. The ratio peaked at just over 10 students per teacher in 2023, a noticeable increase from previous years. For potential investors, real estate agents, and those considering a move, this lower ratio could imply smaller class sizes and potentially more individualized attention for students. This could make the area attractive for families prioritizing education quality. Additionally, appraisers and insurance agents might find these figures indicative of community investment in local education, which can be a key factor in property valuations and risk assessments.
