Prairie County Real Estate and Livability Trends
Prairie County, Montana’s real estate market has seen a notable rise in median home values, jumping from $80,900 in 2015 to $140,600 by 2022, a growth rate that surpasses both the state and national averages. This increase, combined with fluctuating real estate taxes that climbed from an average of $1166.67 in 2013 to $1614.29 in 2017, suggests that property values and tax policies are... Read more
Prairie County Market Trends
Prairie County, Montana's median home values jumped from $80,900 in 2015 to $140,600 in 2022, outpacing state and national growth rates. Real estate taxes have fluctuated, with an average as low as $1166.67 in 2013 and climbing to $1614.29 by 2017, indicating possible property value or taxation shifts. Meanwhile, farm tax returns reflect a changing agricultural landscape, peaking at around 28% in... Read more
Median Value of Occupied Housing Units in Prairie County, Montana Over the Last 8 Years
Prairie County, Montana's median home values have shown a significant upward trend over the past eight years, jumping from $80,900 in 2015 to $140,600 in 2022. This rapid increase is particularly striking when compared to the more moderate escalations seen both at the state level in Montana, from $193,500 to $305,700, and nationally, which rose from $125,500 to $179,400. Prairie County’s growth trajectory, specifically highlighted by a notable boost in 2022, indicates a potential hot spot for those considering real estate investments or relocating within the region.
Average Real Estate Taxes Per Tax Return in Prairie County, MT Over the Last 6 Years
In Prairie County, Montana, the average real estate taxes per tax return have seen some fluctuations over the last six years, hinting at possible changes in property values or tax policies. In 2012, the average was $1333.33, dipping to $1166.67 in 2013, before climbing again to $1433.33 in 2014. By 2017, this average had risen steadily to $1614.29. These trends might be significant for those considering investments, appraisals, insurance, or property development, as they could reflect underlying shifts in the local market dynamics or fiscal landscape.
Percentage of Farm Returns in Prairie County, MT Over the Last 10 Years
Prairie County, Montana has seen variable trends in farm tax returns over the last decade, with percentages ranging from approximately 22% in 2021 to a peak of around 28% in 2018 and 2019. These figures could suggest shifting economic conditions or changes in the agricultural sector that may influence farm profitability or reporting. For those interested in investment or property in Prairie County, understanding these trends may offer insights into the stability and growth potential of the local agricultural industry. Farm tax returns reflect income and expenses related to farming operations, and fluctuations can offer a window into the economic health and viability of farming enterprises in the region.
Number of Mortgages by Occupancy Type in Prairie County, MT Over the Last 5 Years in Prairie County
Prairie County, Montana, has experienced some shifts in the types of property occupancy over the last five years. Mortgages for principal residences have consistently dominated the scene, reaching a high of 34 in 2020 and dropping to 21 by 2022. Investment properties have seen minor fluctuations but remain a small portion of the market, peaking at 4 in 2021. Second residences remain the least common, showing minimal activity. These trends can impact real estate investment decisions, appraisals, and insurance assessments. A higher number of principal residences might indicate a stable, long-term homeowner population, while slight increases in investment properties could signal growing interest in the rental market. For builders and real estate agents, understanding these dynamics helps tailor their strategies to market needs, potentially enhancing community development and economic growth.
Economic Outlook
In Prairie County, Montana, the average taxable income per tax return has shown fluctuations, peaking at $56,383.02 in 2021 after dipping to $45,268.97 in 2016. This volatility might point to varying economic factors, impacting property values and appraisals. Despite a spike in 2013, average state and local income taxes have generally stabilized between $5,190.00 and $5,500.00, suggesting a predictable financial environment. Total tax liability per tax return has seen highs and lows, remaining... Read more
Average Taxable Income per Tax Return in Prairie County, MT over the last 9 years
In Prairie County, Montana, the average taxable income per tax return has fluctuated over the past nine years. From a high of $52,410.91 in 2014, the income dipped to $45,268.97 in 2016, before gradually increasing again and peaking at $56,383.02 in 2021. This trend could indicate varying economic factors affecting the county, which might be of interest to potential investors, real estate agents, and those considering moving to the area. The data suggests an overall upward trend with some volatility, which could affect property values, appraisals, and insurance assessments.
Average State and Local Income Taxes Per Tax Return in Prairie County, MT Over the Last 6 Years
Over the past six years, Prairie County, Montana has seen fluctuations in average state and local income taxes per tax return, ranging from around $4,775.00 in 2012 to approximately $6,187.50 in 2013. Interestingly, despite a significant spike in 2013, the numbers generally hovered in the $5,190.00 to $5,500.00 range from 2014 to 2017. This trend suggests a relative stability in tax liabilities, which might be appealing to prospective investors, property developers, and real estate agents, offering a predictable financial environment for personal and business financial planning.
Average Total Tax Liability Per Tax Return in Prairie County, MT Over the Last 10 Years
Over the last decade in Prairie County, Montana, the average total tax liability per tax return has shown some fluctuation. From a high of approximately $7,155.81 in 2014 to a low of around $5,956.41 in 2019, recent years have remained under $7,000. These shifts suggest potential economic volatility or changes in the tax landscape, crucial information for those considering investment or property development in the region. For appraisers and real estate agents, understanding these trends helps when assessing market stability and property values.
Cost of Living in Prairie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,258 | $1,488 | $1,968 | $1,250 | $1,501 |
| 1 adult 4 children | $1,258 | $1,215 | $1,524 | $1,250 | $1,657 |
| 2 adults 3 children | $1,258 | $1,216 | $1,698 | $1,250 | $1,240 |
| 1 adult 3 children | $1,258 | $992 | $1,254 | $1,250 | $1,388 |
| 2 adults 2 children | $929 | $995 | $1,428 | $1,083 | $996 |
| 1 adult 2 children | $929 | $743 | $984 | $1,083 | $1,016 |
| 2 adults 1 child | $929 | $786 | $1,159 | $542 | $886 |
| 1 adult 1 child | $929 | $508 | $714 | $542 | $761 |
| 2 adults | $706 | $632 | $889 | $0 | $680 |
| 1 adult | $670 | $345 | $444 | $0 | $613 |
Demographics
Prairie County, Montana, presents a predominantly male adult population with educational attainment skewed towards high school graduates and those with some college but no degree. Age-wise, the population is notably balanced, displaying larger cohorts in both under-10s and those aged 65 to 74. Racial distribution indicates a heavy predominance of white individuals, with minimal representation from other racial groups. This demographic landscape suggests a stable, though aging, population with a... Read more
Race Distribution in Prairie County, Montana (2022)
Educational Attainment in Prairie County, Montana (2022)
Age Distribution in Prairie County, Montana
Citizen Population in Prairie County, Montana (2022)
Political Trends & Data
Prairie County, Montana, shows a strong Republican presence, with over 81% of the vote in the 2020 U.S. Presidential Election, compared to roughly 17% for Democrats. This political leaning might influence local policies and community values, potentially affecting factors like property regulations and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Prairie County, Montana, predominantly leaned Republican in the 2020 U.S. Presidential Election, with over 81% of the vote. The Democrats garnered roughly 17%, while the Libertarians had a minimal impact with just about 2%. The significant disparity suggests a strong Republican presence, potentially influencing local policies and community values.
81.05% of voters voted for the Republican party in the 2020 Presidential Election
16.94% of voters voted for the Democrat party in the 2020 Presidential Election
2.02% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Prairie County, Montana has shifted from roughly 11 students per teacher in 2014 to nearly 14 by 2023, after a dip below 9 in 2018. This trend, while still below the national average of 14, might suggest changing population dynamics that could impact educational quality and classroom attention. For investors and potential movers, these ratios offer crucial insights into the local school system's capacity and quality, which can significantly influence property... Read more
Student-to-teacher ratio in Prairie County, Montana over the last 10 years
The student-to-teacher ratio in Prairie County, Montana has seen quite a shift over the last ten years, starting at roughly 11 students per teacher in 2014, dipping to below 9 in 2018, and then climbing to nearly 14 by 2023. While still below the national average of 14 students per teacher, the increasing trend might hint at changing population dynamics, potentially affecting educational quality and classroom attention. For investors, real estate agents, and those considering moving to Prairie County, these ratios could be a key indicator of local school system capacity and quality, providing a nuanced picture of the area's educational environment and its implications for property values and community development.
