Richland County Real Estate and Livability Trends
Richland County, Montana has seen noticeable real estate market trends, including a median home value rise from $179,700 in 2015 to $245,900 in 2022, providing a relatively stable investment landscape. Average real estate taxes climbed from $1,324.19 in 2012 to $2,815.63 by 2021, likely reflecting the uptick in property values, which could entice investors seeking higher returns. Additionally,... Read more
Richland County Market Trends
Richland County, Montana has experienced a gradual increase in median home values, rising from $179,700 in 2015 to $245,900 in 2022, offering more stability compared to Montana's overall escalation. Interestingly, real estate taxes have surged from an average of $1,324.19 in 2012 to $2,815.63 by 2021, which could be indicative of rising property values and potentially greater returns for... Read more
Median Value of Occupied Housing Units in Richland County, Montana Over the Last 8 Years
Richland County, Montana's median home values have seen an increase over the past eight years, growing from $179,700 in 2015 to $245,900 in 2022. While this upward trend mirrors Montana's overall escalation, which saw values rise from $193,500 to $305,700, Richland County’s growth seems more modest in comparison. Nationally, the median home value has also increased but at a slower rate, moving from $125,500 in 2015 to $179,400 in 2022. For those interested in investing or relocating, this data suggests that Richland County might offer more stability and a slower rate of price escalation compared to the state average, yet still represents a robust increase compared to national figures.
Residential Energy Tax Credit Per Tax Return in Richland County, MT Over the Last 8 Years
Richland County, Montana shows a fluctuating trend in the average residential energy tax credit per tax return over the past eight years. Notable peaks occurred in 2013 at $338.46 and in 2020 at $314.29, suggesting possible increases in energy-efficient upgrades during these years. The overall data highlights variability year-to-year, which may indicate changing resident behaviors, financial incentives, or policy impacts concerning energy savings. These insights could be especially relevant for real estate professionals, appraisers, or those looking to invest in energy-efficient home improvements, as understanding these patterns could help in strategizing future investments and valuations.
Average Real Estate Taxes Per Tax Return in Richland County, MT Over the Last 10 Years
Richland County, Montana has seen a notable upward trend in real estate taxes per tax return over the past decade. Starting at roughly $1,324.19 in 2012, the average tax amount spiked to approximately $2,815.63 by 2021, albeit with some fluctuations. This steady increase in real estate taxes might signal rising property values and potentially greater returns for investors. For those considering moving to or investing in Richland County, these trends suggest a growing market, but it's always wise to analyze further into the factors driving these changes. Real estate agents, appraisers, and insurance agents should keep an eye on these tax trends for a comprehensive understanding of the area's evolving real estate landscape.
Percentage of Farm Returns in Richland County, MT Over the Last 10 Years
Richland County, Montana has seen its percentage of farm tax returns hover around 8.26% to 8.88% over the last decade. These figures, although relatively steady, did exhibit minor fluctuations with notable peaks in 2015 and 2017 at 8.50% and 8.81% respectively, suggesting possible favorable conditions or policy changes during those years. Farm tax returns represent the proportion of tax filings from agricultural activities within the county, underscoring the local economic reliance on farming. This consistency makes Richland County an interesting case for investors and property developers interested in agricultural stability and growth.
Number of Mortgages by Occupancy Type in Richland County, MT Over the Last 5 Years in Richland County
Richland County, Montana has shown fluctuating trends in mortgage counts by occupancy type over the past five years. The most significant change was seen in principal residences, with a notable spike in 2020, suggesting a potentially higher demand for primary homes during that period. Investment properties remained relatively stable, whereas second residences saw minimal activity. These shifts might matter to investors, real estate agents, and anyone interested in the local market because they reflect changing residential needs and investment opportunities. Appraisers and insurance agents might find these trends helpful for assessing property values and risks. Builders and potential movers should consider these patterns in planning projects or relocations.
Economic Outlook
Richland County, Montana has experienced significant fluctuations in average taxable income per tax return, peaking at $86,393.49 in 2014 and hitting a low of $65,506.21 in 2020, with a potential rebound to $76,455.92 in 2021. State and local income taxes have likewise varied, peaking at $10,820.46 in 2013 and stabilizing in the $7,000 to $8,000 range. Average total tax liabilities per return peaked at $17,538.75 in 2014 before declining to $10,070.53 in 2020, possibly reflecting broader... Read more
Average Taxable Income per Tax Return in Richland County, MT over the last 9 years
Over the last nine years, Richland County, Montana has seen fluctuations in average taxable income per tax return, peaking at $86,393.49 in 2014 and reaching a low of $65,506.21 in 2020. The recent upward trend in 2021, with an average of $76,455.92, could suggest a potential rebound. These variations are essential for real estate professionals and investors, hinting at the economic health and potential risks or opportunities in the area. For appraisers, insurance agents, and those looking to build, understanding these shifts can provide insights into market stability and financial planning.
Average State and Local Income Taxes Per Tax Return in Richland County, MT Over the Last 10 Years
The average state and local income taxes per tax return in Richland County, Montana have shown fluctuations, peaking in 2013 at approximately $10,820.46 before declining and stabilizing in the $7,000 to $8,000 range. This volatility might suggest economic shifts or changes in tax policies impacting the area. For investors or those considering a move, these trends could signal broader economic conditions and offer insights into the fiscal environment. Real estate agents and insurance professionals might also find this data useful when assessing market stability and financial planning needs for their clients.
Average Total Tax Liability Per Tax Return in Richland County, MT Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Richland County, Montana has shown noticeable fluctuations. From a peak of $17,538.75 in 2014, there was a general decline, reaching a low of $10,070.53 in 2020. This trend may reflect broader economic conditions impacting incomes and investments in the area. For investors or real estate professionals, understanding these trends could offer valuable insights into the financial health and economic stability of Richland County. It might also have implications for property valuations and insurance assessments in the region.
Cost of Living in Richland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,131 | $1,520 | $1,968 | $1,419 | $1,500 |
| 1 adult 4 children | $1,131 | $1,241 | $1,524 | $1,419 | $1,616 |
| 2 adults 3 children | $1,131 | $1,242 | $1,698 | $1,419 | $1,211 |
| 1 adult 3 children | $1,131 | $1,014 | $1,254 | $1,419 | $1,349 |
| 2 adults 2 children | $920 | $1,017 | $1,428 | $1,229 | $1,015 |
| 1 adult 2 children | $920 | $759 | $984 | $1,229 | $1,041 |
| 2 adults 1 child | $920 | $803 | $1,159 | $615 | $887 |
| 1 adult 1 child | $920 | $519 | $714 | $615 | $779 |
| 2 adults | $699 | $645 | $889 | $0 | $682 |
| 1 adult | $663 | $352 | $444 | $0 | $597 |
Safety trends & Data
Richland County, Montana has seen property crime trends show notable decreases in burglary and larceny-theft, with burglary down to 1.0 in 2022 from 5.0 in 2018, and larceny-theft falling to 5.0 in 2022 from a peak of 11.0 in 2019. Motor vehicle theft peaked at 4.0 in 2020 but slightly declined to 3.0 by 2022. These changes hint at improved security measures or community vigilance, which could positively impact property values. New concerns in embezzlement and fraud mean emerging risks to... Read more
Property Crime Trends in Richland County, MT Over the Last 5 Years
Richland County, Montana has seen fluctuations in property crime over the last five years, with notable trends in burglary, larceny-theft, and motor vehicle theft. Burglary cases decreased from 5.0 in 2018 to just 1.0 by 2022, suggesting enhanced security measures or law enforcement effectiveness. Larceny-theft, though it peaked at 11.0 in 2019, has shown a decline to 5.0 in 2022, indicating possible improvements in community vigilance or economic conditions. Motor vehicle theft has been inconsistent but reached its peak of 4.0 in 2020, slightly decreasing to 3.0 by 2022. Vandalism cases varied but remained relatively steady with minor ups and downs, while new categories like embezzlement and fraud had occasional low occurrences, signaling emerging areas of concern. Investors, real estate agents, and residents alike should consider these crime trends when making decisions, as they provide insights into community safety and potential property value impacts.
Demographics
Richland County, Montana's adult population in 2022 shows a nearly even split between males and females, which could suggest a balanced gender demographics. When it comes to educational attainment, the majority are high school graduates, with a significant portion having some college education but no degree. Age distribution highlights a broad range of age groups, with notable clusters under 10 years and in the 25-34 years bracket. From a racial standpoint, the population is predominantly... Read more
Race Distribution in Richland County, Montana (2022)
Educational Attainment in Richland County, Montana (2022)
Age Distribution in Richland County, Montana
Citizen Population in Richland County, Montana (2022)
Political Trends & Data
Richland County in Montana might be characterized by a strongly conservative voter base, indicated by about 83% of the votes going to the Republican Party in the 2020 U.S. Presidential Election. Democrats secured around 15% and Libertarians garnered just over 2%, implying that other political parties hold minimal sway in the area. This conservative inclination could influence local real estate trends, potentially appealing to buyers and investors with similar political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Richland County in Montana showed a significant leaning towards the Republican Party in the 2020 U.S. Presidential Election, with approximately 83% of the vote. The Democrats garnered roughly 15%, while Libertarians captured just over 2%. The data suggests a predominantly conservative voter base, with minor influence from other political parties.
82.79% of voters voted for the Republican party in the 2020 Presidential Election
15.09% of voters voted for the Democrat party in the 2020 Presidential Election
2.12% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Richland County, Montana, boasts a student-to-teacher ratio consistently below the national average of 14 students per teacher, peaking at around ten in 2015 and recently dipping to approximately eight. This favorable ratio may attract families seeking individualized classroom attention, which could positively influence property values. Investors and real estate professionals might view this as a significant draw, aligning with trends prioritizing quality education. Lower ratios might also... Read more
Student-to-teacher ratio in Richland County, Montana over the last 10 years
Richland County, Montana has experienced a student-to-teacher ratio consistently below the national average of fourteen students per teacher over the last decade. The highest ratio peaked at around ten students per teacher in 2015, while the lowest dipped to approximately eight in recent years. Such favorable ratios could potentially attract families seeking more individualized attention in classrooms and may impact property values positively. Investors and real estate professionals might see this as a significant draw, aligning with broader trends prioritizing quality education. Lower ratios could also influence insurance considerations, suggesting a stable and potentially safer community environment.
