Sheridan County Real Estate and Livability Trends
Sheridan County, Montana shows notable fluctuations in median home values, hitting a low of $114,800 in 2020 and slightly recovering to $121,800 in 2022. Despite improved taxable incomes peaking at $65,863.01 in 2021, average local taxes have significantly decreased, suggesting financial shifts which may influence property values. Peaks in real estate taxes and residency mortgages indicate... Read more
Sheridan County Market Trends
Sheridan County, Montana's median home values have been notably volatile, peaking at $146,500 in 2017, dipping to $114,800 in 2020, and slightly recovering to $121,800 in 2022. Compared to the significant uptrend in Montana state and national averages, this volatility could indicate unique local economic or demographic factors that might affect investment decisions. Residential energy tax credits... Read more
Median Value of Occupied Housing Units in Sheridan County, Montana Over the Last 8 Years
Sheridan County, Montana has seen a fluctuating trend in median home values over the last eight years, peaking at $146,500 in 2017 before dipping to $114,800 in 2020 and slightly recovering to $121,800 in 2022. Compared to the Montana state average which surged from $193,500 in 2015 to $305,700 in 2022, and the national trend climbing from $125,500 to $179,400 in the same period, Sheridan County's housing market appears more volatile. This pattern might suggest unique local economic or demographic factors influencing property values, potentially impacting investment decisions.
Residential Energy Tax Credit Per Tax Return in Sheridan County, MT Over the Last 4 Years
Sheridan County, Montana's residential energy tax credits have shown variability over the last four years, peaking slightly in 2014 with an average of $300.00 per tax return and dipping to $200.00 in both 2013 and 2015. The credits averaged to $233.33 in 2016, suggesting a possible trend towards increased investment in energy-efficient improvements by residents. This fluctuating pattern potentially signals changing incentives or varying adoption rates of green technologies, offering a nuanced landscape for real estate investors, appraisers, and those considering property upgrades.
Average Real Estate Taxes Per Tax Return in Sheridan County, MT Over the Last 10 Years
Sheridan County, Montana has seen significant fluctuations in real estate taxes per tax return over the past decade. Starting at $1,372.41 in 2012, a noticeable dip occurred in 2014 at $1,248.15, followed by a spike in 2016 to $1,816.13. The upward trend continued, peaking at $2,900.00 in both 2019 and 2021. These trends suggest an increasing burden which may impact property investment decisions and indicate evolving fiscal policies or property value changes over time.
Percentage of Farm Returns in Sheridan County, MT Over the Last 10 Years
Sheridan County, Montana has seen fluctuations in the percentage of farm tax returns over the past decade, ranging from approximately 16.40% to 18.68%. In 2012, about 18.18% of tax returns were from farms, dipping to around 16.75% by 2015, before peaking again at roughly 18.68% in 2017. More recently, 2021's data shows a lower percentage at 16.40%. Farm tax returns indicate the proportion of the county’s tax filings that are agricultural in nature, suggesting the significance of farming to the local economy and community. This trend matters for investors, property developers, and residents because it reflects the economic health and priorities of the area, potentially influencing property values and investment opportunities in Sheridan County.
Number of Mortgages by Occupancy Type in Sheridan County, MT Over the Last 5 Years in Sheridan County
Sheridan County, Montana has seen fluctuations in mortgage counts over the past five years, with a notable increase in principal residence mortgages peaking in 2021 at 120 from 73 in 2018. Investment property mortgage numbers have remained relatively stable, with slight decreases after a peak in 2018 and 2021. Second residence mortgages have remained low and stable. These shifts in occupancy types may suggest changing housing demands and investment attractiveness, impacting real estate market dynamics. Investors and developers could find these trends critical for decision-making, while appraisers and insurance agents might need to adjust evaluations and policies accordingly.
Economic Outlook
Sheridan County, Montana has seen some interesting trends in financial metrics that might influence the real estate market. Average taxable income per tax return hit a low of $53,092.31 in 2017 and peaked at $65,863.01 in 2021, suggesting improving economic conditions. On the flip side, average state and local income taxes per return fell from $8,282.93 in 2014 to $4,242.86 by 2021. The average total tax liability peaked at $10,532.92 in 2014, only to decrease to $7,612.31 by 2019. These... Read more
Average Taxable Income per Tax Return in Sheridan County, MT over the last 9 years
Over the last nine years, Sheridan County, Montana has seen fluctuations in average taxable income per tax return, with a noticeable dip in 2017 to $53,092.31 and a high in 2021 at $65,863.01. Despite some variability, there's been a general upward trend, particularly significant for those looking to invest or move here. Growth in average taxable income might indicate improving economic conditions, potentially affecting real estate valuations and insurance premiums. This pattern could be of interest to real estate agents and appraisers seeking to understand market dynamics, as it may suggest increased financial stability among residents.
Average State and Local Income Taxes Per Tax Return in Sheridan County, MT Over the Last 10 Years
In Sheridan County, Montana, over the past decade, the average state and local income taxes per tax return appears to have experienced significant fluctuations. Starting at $6,600.00 in 2012, the figure saw a peak of $8,282.93 in 2014 before decreasing more steadily to $4,242.86 by 2021. For those considering investments, this trend might hint at economic changes or shifts in taxpayer income levels within the county. This could affect property values, insurance rates, or real estate market dynamics, making it crucial to assess these patterns before making financial decisions.
Average Total Tax Liability Per Tax Return in Sheridan County, MT Over the Last 10 Years
The average total tax liability per tax return in Sheridan County, Montana has fluctuated over the past decade, peaking in 2014 at $10,532.92 before generally trending downward with a low in 2019 at $7,612.31. This volatility could suggest economic instability or changing demographics, which could impact property values and investment potential in the area. Trends like these are essential for investors, real estate agents, and insurance agents to consider, as they highlight the shifting financial landscape of the county.
Cost of Living in Sheridan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,155 | $1,520 | $1,968 | $1,242 | $1,495 |
| 1 adult 4 children | $1,155 | $1,241 | $1,524 | $1,242 | $1,613 |
| 2 adults 3 children | $1,155 | $1,242 | $1,698 | $1,242 | $1,202 |
| 1 adult 3 children | $1,155 | $1,014 | $1,254 | $1,242 | $1,340 |
| 2 adults 2 children | $863 | $1,017 | $1,428 | $1,076 | $980 |
| 1 adult 2 children | $863 | $759 | $984 | $1,076 | $990 |
| 2 adults 1 child | $863 | $803 | $1,159 | $538 | $870 |
| 1 adult 1 child | $863 | $519 | $714 | $538 | $759 |
| 2 adults | $764 | $645 | $889 | $0 | $726 |
| 1 adult | $622 | $352 | $444 | $0 | $595 |
Safety trends & Data
Sheridan County, Montana has experienced fluctuating property crime trends over the past five years, with larceny-theft peaking at 7.0 incidents in 2018 and 2019 before a decline. Arson saw a noticeable spike in 2021, reaching 3.0 incidents, while motor vehicle theft emerged as a growing concern with 3.0 incidents in 2022. These trends matter for investors, real estate agents, and insurance professionals as they impact property values, premiums, and community... Read more
Property Crime Trends in Sheridan County, MT Over the Last 5 Years
Sheridan County, Montana has shown fluctuating trends in property crime over the past five years, with larceny-theft being the most frequent offense, reaching a peak of 7.0 incidents in 2018 and 2019 before declining. Arson and vandalism have shown sporadic occurrences with noticeable spikes, particularly with arson cases rising to 3.0 in 2021. Burglary and fraud appear less common, while motor vehicle theft has gradually emerged as a concern, peaking at 3.0 incidents in 2022. These trends are crucial for potential investors, real estate agents, and insurance professionals to assess the area's safety and associated risks, impacting property values, premiums, and community planning.
Demographics
Sheridan County, Montana has a slightly higher male population compared to females, with education levels revealing that most adults possess at least a high school diploma, though bachelor's and graduate degrees are less common. The age distribution skews older, with significant populations in the 55 years and above categories, suggesting a potentially aging demographic. The racial composition is predominantly White, with very few individuals identifying as African American, Asian, or other... Read more
Race Distribution in Sheridan County, Montana (2022)
Educational Attainment in Sheridan County, Montana (2022)
Age Distribution in Sheridan County, Montana
Citizen Population in Sheridan County, Montana (2022)
Political Trends & Data
Sheridan County, Montana, leans quite strongly towards Republican candidates, with about 69% of the votes in the 2020 U.S. Presidential Election. Democrats captured roughly 28%, and Libertarians just over 2%. The absence of votes for the Green Party and other groups might imply limited political diversity, pointing toward solid local partisan... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sheridan County, Montana, the political landscape in the 2020 U.S. Presidential Election appeared to favor Republican candidates, who garnered around 69% of the votes. Democrats trailed with approximately 28%, while Libertarians managed just over 2%. The lack of votes for the Green Party and absence of other parties might suggest limited political diversity or strong local partisan alignments.
69.11% of voters voted for the Republican party in the 2020 Presidential Election
28.28% of voters voted for the Democrat party in the 2020 Presidential Election
2.61% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Sheridan County, Montana has had a student-to-teacher ratio between 7 and 8 students per teacher, consistently lower than the national average of 14. This trend suggests smaller class sizes and potentially better educational outcomes, making the area attractive to families who prioritize education. For investors and real estate agents, this could be a strong selling point, while insurance agents might see it as a positive factor in community assessments, possibly affecting policy rates... Read more
Student-to-teacher ratio in Sheridan County, Montana over the last 10 years
Sheridan County, Montana has consistently had a student-to-teacher ratio significantly below the national average of 14 students per teacher over the past decade, with values ranging between 7 and 8 students per teacher. This low ratio may indicate smaller class sizes, which could provide more individualized attention for students and possibly lead to better educational outcomes. For investors, appraisers, and real estate agents, this trend might suggest a potentially appealing aspect for families prioritizing education. Those interested in moving to or building property in the area might find this a strong selling point, as it suggests a community investing in educational quality. Insurance agents may also consider this low ratio as a factor in community assessments, potentially impacting policy rates favorably.
