Ravalli County Real Estate and Livability Trends
Ravalli County, Montana has seen a remarkable rise in average taxable income from $47,905.02 in 2013 to $84,257.41 in 2021, reflecting a potentially thriving economic landscape. Concurrently, median home values surged from $239,000 in 2015 to $378,400 in 2022, surpassing national and state growth rates. Tax liabilities and real estate taxes have also increased, hinting at rising property values.... Read more
Ravalli County Market Trends
Ravalli County, Montana has experienced a striking rise in median home values, rocketing from $239,000 in 2015 to $378,400 in 2022, outpacing both national and state trends. Average residential energy tax credits per return have seen significant variability with a notable peak in 2018 at $2937.50, hinting at fluctuating energy efficiency investments. Real estate taxes spiked from about $2,275.55... Read more
Median Value of Occupied Housing Units in Ravalli County, Montana Over the Last 8 Years
Over the past eight years, median home values in Ravalli County, Montana have surged from $239,000 in 2015 to $378,400 in 2022. This growth significantly outpaces the national trend, where median values rose from $125,500 to $179,400 during the same period. Even compared to Montana's state average, which increased from $193,500 to $305,700, Ravalli County's real estate market has shown a robust upward trajectory. This could make Ravalli County an intriguing option for investors and potential homeowners looking for promising growth in property values as well as a possible hedge against broader market trends.
Residential Energy Tax Credit Per Tax Return in Ravalli County, MT Over the Last 9 Years
Over the last nine years, the average residential energy tax credit per tax return in Ravalli County, Montana, shows significant variability. The most notable spike occurred in 2018, reaching an average of $2937.50, which stands out compared to other years where values generally ranged between $600 and $1300. This erratic pattern in tax credits might imply fluctuating incentives or shifts in homeowner energy improvements and investments. For potential investors or real estate agents, this could indicate varying levels of property upgrades and modernization efforts tied to energy efficiency.
Average Real Estate Taxes Per Tax Return in Ravalli County, MT Over the Last 10 Years
Over the past decade, Ravalli County, Montana has seen a notable increase in average real estate taxes per tax return, starting at approximately $2,275.55 in 2012 and rising to about $4,434.08 in 2021. This upwards trend, marked by a significant leap between 2017 and 2018, might catch the eye of both potential investors and residents for its implications on property costs. This escalation is particularly relevant for appraisers, insurance agents, and real estate professionals, as it might indicate shifts in property values and tax policies that could impact market dynamics and living expenses.
Percentage of Farm Returns in Ravalli County, MT Over the Last 10 Years
Over the past decade, farm tax returns in Ravalli County, Montana have shown a slight but steady decline. In 2012, about 4.46% of tax returns were from farms, decreasing to 3.68% by 2021. This subtle trend may indicate a broader shift in the county's economic landscape, potentially useful for investors or individuals planning to move to or develop property in the area. Understanding these changes could help in making more informed decisions tailored to the county's evolving agricultural presence.
Number of Mortgages by Occupancy Type in Ravalli County, MT Over the Last 5 Years in Ravalli County
The significant surge in principal residence mortgages from 2018 to 2021 in Ravalli County, Montana, particularly the jump from around 1,859 in 2018 to 3,595 in 2021, is indicative of increased demand for primary living spaces, possibly driven by shifts like remote work or quality-of-life priorities. In comparison, investment and second residence mortgages show less dramatic fluctuations. For investors and real estate agents, this might suggest stronger growth potential and client interest in primary residences. Appraisers and insurance agents might note these trends for valuation and risk purposes. Understanding these dynamics helps inform strategic decisions on where and what types of properties to focus on, particularly as shifting patterns might suggest evolving economic and demographic factors.
Economic Outlook
Ravalli County, Montana has experienced a steady rise in average taxable income, jumping from $47,905.02 in 2013 to $84,257.41 in 2021. This growth potentially indicates a robust economic environment that could attract investors and prospective homeowners. Alongside, local and state income taxes have surged dramatically, reaching $17,210.61 in 2021 from $4,854.41 in 2012, with notable spikes between 2017-2019. Additionally, total tax liabilities have seen a noticeable increase, which might... Read more
Average Taxable Income per Tax Return in Ravalli County, MT over the last 9 years
The last nine years have seen a consistent increase in average taxable income per tax return in Ravalli County, Montana. From $47,905.02 in 2013 to $84,257.41 in 2021, this upwards trend suggests a robust economic environment that could be enticing for investors and prospective homeowners. It also implies a potentially growing local tax base and possibly rising property values, which could interest real estate agents and appraisers. However, insurance agents might take note, as higher incomes could correlate with higher property valuations and consequently, different insurance needs.
Average State and Local Income Taxes Per Tax Return in Ravalli County, MT Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Ravalli County, Montana have shown a marked increase, jumping from $4,854.41 in 2012 to $17,210.61 in 2021. Noteworthy spikes occurred between 2017-2019, with taxation nearly doubling. These rising tax obligations could suggest significant changes in the local economic landscape and public funding needs, making it crucial for investors and potential residents to assess implications on property valuations, living expenses, and overall economic health.
Average Total Tax Liability Per Tax Return in Ravalli County, MT Over the Last 10 Years
Over the past decade, Ravalli County in Montana has seen a noticeable increase in average total tax liability per tax return, starting at approximately $7,496.27 in 2012 and climbing to about $14,760.70 by 2021. This upward trend suggests that either incomes have generally risen, leading to higher taxes, or that tax policies impacting this region have shifted. For investors, this could indicate a growing local economy. Property developers might see potential in this increasing prosperity, while appraisers and insurance agents should take note of the rising liabilities which might affect property values and insurance premiums. Real estate agents could find this data appealing for attracting buyers looking to move to an area with expanding economic capabilities.
Cost of Living in Ravalli County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,226 | $1,721 | $1,968 | $1,389 | $1,607 |
| 1 adult 4 children | $1,226 | $1,406 | $1,524 | $1,389 | $1,742 |
| 2 adults 3 children | $1,226 | $1,406 | $1,698 | $1,389 | $1,320 |
| 1 adult 3 children | $1,226 | $1,148 | $1,254 | $1,389 | $1,456 |
| 2 adults 2 children | $878 | $1,151 | $1,428 | $1,204 | $1,031 |
| 1 adult 2 children | $878 | $860 | $984 | $1,204 | $1,041 |
| 2 adults 1 child | $878 | $910 | $1,159 | $602 | $893 |
| 1 adult 1 child | $878 | $588 | $714 | $602 | $752 |
| 2 adults | $671 | $731 | $889 | $0 | $671 |
| 1 adult | $633 | $399 | $444 | $0 | $590 |
Safety trends & Data
Ravalli County, Montana, has seen fluctuating property crime trends over the past five years. Larceny-theft incidents dropped significantly from a high of 98 in 2018 to 34 in 2022. Burglary and motor vehicle theft numbers showed sporadic peaks, such as 14 burglary cases in 2020. Vandalism also varied, peaking at 59 cases in 2020 before decreasing to 20 in 2022. These trends might suggest a relative decrease in some property crimes, though the variability highlights areas that still need... Read more
Property Crime Trends in Ravalli County, MT Over the Last 5 Years
Over the last five years, property crime trends in Ravalli County, Montana have shown notable fluctuations. Larceny-theft incidents were highest in 2018 at 98 occurrences, then dropped significantly, stabilizing around 34 in 2022. Burglary and motor vehicle theft numbers peaked in certain years but did not exhibit a consistent upward trend, with burglary reaching a high of 14 cases in 2020. Vandalism varied but remained a concern, peaking at 59 cases in 2020 before decreasing to 20 in 2022. Arson, while generally low, saw a small uptick in 2022. These figures might suggest a relative decrease in certain property crimes, but overall variability indicates areas both of improvement and ongoing vigilance for potential investors, residents, and local authorities.
Demographics
Ravalli County, Montana shows a near-equal gender split among adults with a slight majority of women. Educational attainment appears varied, with high school graduates and those with some college experience making up a significant portion of the population. The age distribution suggests a sizable group of individuals in the 55 to 64 age range, hinting at a community with many nearing or at retirement age. Racially, the county is predominantly white, with very small representations from other... Read more
Race Distribution in Ravalli County, Montana (2022)
Educational Attainment in Ravalli County, Montana (2022)
Age Distribution in Ravalli County, Montana
Citizen Population in Ravalli County, Montana (2022)
Political Trends & Data
Ravalli County, Montana, leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 67.00% of the vote likely favoring the GOP, while Democratic support was around 30.00%. Minor parties such as the Libertarians held a minimal impact, with slightly over 2.00% of the vote. This suggests a robust conservative preference among residents, which could potentially influence local real estate trends and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ravalli County, Montana, leaned heavily Republican in the 2020 U.S. Presidential Election, with around 67% of the vote possibly favoring the GOP. Democratic support trailed behind at just over 30%. Minor parties like the Libertarians barely made a dent, capturing slightly more than 2% of the vote. This breakdown hints at a strong conservative preference among the electorate in this region.
67.05% of voters voted for the Republican party in the 2020 Presidential Election
30.74% of voters voted for the Democrat party in the 2020 Presidential Election
2.21% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Ravalli County, Montana has seen its student-to-teacher ratios swing from a peak of 14.65 in 2017 to a low of 12.64 in 2021, before settling around 13.09 in 2023. This fluctuation could be tied to changes in school funding, demography, or policy shifts. With the current ratio just below the national average of 14, this could be particularly enticing for families seeking more personalized education for their children. This metric could also be advantageous for investors and property developers... Read more
Student-to-teacher ratio in Ravalli County, Montana over the last 10 years
Over the last decade, Ravalli County, Montana has experienced fluctuating student-to-teacher ratios, peaking at 14.65 in 2017 and dropping to a low of 12.64 in 2021 before stabilizing around 13.09 by 2023. This variability may indicate shifts in school funding, population changes, or policy adjustments. With the current ratio sitting just below the national average of 14 students per teacher, this could be appealing for prospective families prioritizing more individual attention for their children. Investors and property developers might find this educational metric significant when considering the attractiveness of the area. Real estate agents and insurance agents could also leverage these insights when discussing the region's desirability and potential risks with clients.
