Silver Bow County Real Estate and Livability Trends
Silver Bow County, Montana has seen an increase in average taxable income per tax return from $48,723.50 in 2013 to $66,591.35 in 2021, suggesting possible economic growth that could attract investors. Median home values surged from $128,100 in 2015 to $195,800 in 2022, offering relatively affordable opportunities compared to the state average. The favorable student-to-teacher ratio, well below... Read more
Silver Bow County Market Trends
In Silver Bow County, Montana, median home values climbed from $128,100 in 2015 to $195,800 in 2022, outpacing the national growth rate but still lagging behind the state's average. This suggests more affordable investment opportunities in this county compared to other Montana areas. The average residential energy tax credit here has also seen significant growth, bouncing from $219.57 in 2013 to... Read more
Median Value of Occupied Housing Units in Silver Bow County, Montana Over the Last 8 Years
In Silver Bow County, Montana, median home values have seen a consistent upward trend over the last eight years, climbing from $128,100 in 2015 to $195,800 in 2022. This growth rate surpasses the national increase from $125,500 to $179,400 during the same period. However, Silver Bow County's median home value remains significantly lower than the Montana state average, which has surged from $193,500 in 2015 to $305,700 in 2022. For potential investors or homebuyers, this suggests that Silver Bow County could offer more affordable opportunities compared to other parts of Montana, with an appreciating market that could yield investment growth over time.
Residential Energy Tax Credit Per Tax Return in Silver Bow County, MT Over the Last 8 Years
In Silver Bow County, Montana, the average residential energy tax credit per tax return has shown notable fluctuation over the past eight years. Starting at $219.57 in 2013, there was a decline to $187.18 in 2014, but a steady climb can be observed in later years with a peak at $513.33 in 2021. This general upward trend may suggest increasing investment in energy-efficient home improvements or rising energy costs encouraging homeowners to seek out available credits. For investors, real estate agents, and builders, this data suggests a growing market for energy-efficient properties that could continue attracting significant tax benefits. Such trends can also be a deciding factor for appraisers and insurance agents assessing the value and risk of modernized homes in this county.
Average Real Estate Taxes Per Tax Return in Silver Bow County, MT Over the Last 10 Years
Over the past decade, Silver Bow County, Montana has seen a notable increase in average real estate taxes per tax return, rising from approximately $2,219.36 in 2012 to around $4,223.08 by 2021. The gradual yet consistent hike in tax values, with a noticeable spike in 2018, indicates a possible increase in property value or changing economic conditions. This trend could be relevant for prospective investors, homeowners, real estate agents, and financial analysts as it suggests evolving dynamics in the local housing market and may impact property affordability and investment returns.
Percentage of Farm Returns in Silver Bow County, MT Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Silver Bow County, Montana has fluctuated, peaking at about 0.91% in 2014 and 2018 and dipping to approximately 0.74% in 2020. Farm tax returns provide insight into how many residents are engaged in agricultural activities and reflect the vibrancy of the local agricultural economy. For anyone considering investment or relocation to this area, these trends suggest a relatively steady but small farming sector, which could impact decisions related to land use, property development, or community planning.
Number of Mortgages by Occupancy Type in Silver Bow County, MT Over the Last 5 Years in Silver Bow County
Mortgage data in Silver Bow County, Montana over the last five years shows a significant increase in principal residence mortgages, peaking at 2,156 in 2021. Investment property mortgages and second residence mortgages have remained relatively low but steady, with slight fluctuations. These shifts hold implications for investors, those relocating, appraisers, and other stakeholders. A rise in principal residence mortgages could signal a growing population or changing housing preferences, impacting property demand, valuations, and insurance premiums. Investors and builders might see opportunities or challenges depending on these trends, while real estate agents and current residents may observe shifts in neighborhood dynamics and amenities.
Economic Outlook
Silver Bow County, Montana has experienced an upswing in average taxable income per tax return, moving from $48,723.50 in 2013 to $66,591.35 in 2021. This trend could hint at economic growth, sparking interest from investors and developers. Concurrently, state and local income taxes saw rises, hitting $11,073.75 by 2021. With average total tax liabilities trending upward, capped at $10,000.59 in 2021, it's clear potential financial shifts could influence property values and the overall cost of... Read more
Average Taxable Income per Tax Return in Silver Bow County, MT over the last 9 years
Over the last nine years, Silver Bow County, Montana, has seen a notable uptick in average taxable income per tax return, climbing from approximately $48,723.50 in 2013 to about $66,591.35 in 2021. This upward trend, despite minor fluctuations, may indicate a growing economic vitality that could attract investors, developers, and new residents seeking economic opportunities. For real estate professionals and appraisers, the rising incomes might reflect a strengthening property market, which could influence property values and demand. Insurance agents may also find this data useful when assessing risk and potential policy pricing in the county.
Average State and Local Income Taxes Per Tax Return in Silver Bow County, MT Over the Last 10 Years
Silver Bow County, Montana has seen notable fluctuations in state and local income taxes per tax return over the last decade. In 2012, the average was around $5,869.69, gradually increasing to $6,957.86 in 2016. By 2018, there was a significant jump to $8,850.00, with further increases leading to $11,073.75 by 2021. These trends suggest a rising tax burden, potentially impacting decisions for those considering investments, property developments, or relocations in the area.
Average Total Tax Liability Per Tax Return in Silver Bow County, MT Over the Last 10 Years
Over the past decade, Silver Bow County's average total tax liability per tax return has shown notable fluctuations. In 2015, a substantial increase to $9312.47 was observed, while a peak of $10,000.59 was reached in 2021. Despite some downturns like in 2013 with $7639.72, the overall trajectory suggests a generally increasing liability, which could reflect economic growth or legislative changes impacting residents' tax burdens. This trend is significant for potential investors, real estate agents, or anyone evaluating the fiscal dynamics of Silver Bow County in Montana, as it may influence property valuations, investment returns, and overall cost of living.
Cost of Living in Silver Bow County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,098 | $1,488 | $2,018 | $1,211 | $1,228 |
| 1 adult 4 children | $1,098 | $1,215 | $1,562 | $1,211 | $1,338 |
| 2 adults 3 children | $1,098 | $1,216 | $1,741 | $1,211 | $984 |
| 1 adult 3 children | $1,098 | $992 | $1,286 | $1,211 | $1,077 |
| 2 adults 2 children | $902 | $995 | $1,465 | $1,049 | $859 |
| 1 adult 2 children | $902 | $743 | $1,009 | $1,049 | $821 |
| 2 adults 1 child | $902 | $786 | $1,188 | $525 | $763 |
| 1 adult 1 child | $902 | $508 | $732 | $525 | $643 |
| 2 adults | $699 | $632 | $912 | $0 | $589 |
| 1 adult | $606 | $345 | $456 | $0 | $513 |
Safety trends & Data
Property crime trends in Silver Bow County, Montana indicate a mix of stability and change over the past five years. Larceny-theft rates peaked at 137 incidents in 2018 but dropped sharply to 36 in 2020 and modestly increased to 69 in 2022. Vandalism has decreased significantly, from 64 incidents in 2018 to 25 in 2022. Burglary numbers have remained relatively stable, ranging from 13 to 24 incidents annually. Motor vehicle thefts have been more variable, with a high of 17 incidents in 2020 and... Read more
Property Crime Trends in Silver Bow County, MT Over the Last 5 Years
Property crime trends in Silver Bow County, Montana suggest varying degrees of consistency and fluctuation over the past five years. Larceny-theft remains the most prevalent crime, peaking at 137 incidents in 2018 before significantly declining to 36 in 2020 and slightly rebounding to 69 by 2022. Vandalism rates also show a notable decrease, dropping from 64 incidents in 2018 to 25 in 2022. While burglary figures have been relatively stable, hovering around 13 to 24 incidents annually, motor vehicle thefts appear somewhat erratic, with a high of 17 incidents in 2020 and a low of 9 in 2021. These observations could inform potential investors, property developers, and real estate agents about the county's evolving security landscape, thus aiding in decision-making processes.
Demographics
Silver Bow County, Montana, showcases a fairly balanced gender distribution with slightly more males than females. The educational landscape indicates a significant proportion of adults have at least a high school diploma, with a noticeable number holding bachelor’s or graduate degrees. Age-wise, there's a broad spread across all groups, though the 55 to 64 years bracket appears somewhat larger. Racial composition is overwhelmingly White, with other races making up a very small portion of the... Read more
Race Distribution in Silver Bow County, Montana (2022)
Educational Attainment in Silver Bow County, Montana (2022)
Age Distribution in Silver Bow County, Montana
Citizen Population in Silver Bow County, Montana (2022)
Political Trends & Data
Silver Bow County, Montana, exhibited a distinctive Democratic preference in the 2020 U.S. Presidential Election, with approximately 56.7% of the vote favoring the Democratic party. Republicans trailed with around 41.5%, and Libertarians drew nearly 3%. Despite Montana's overall Republican reputation, this local deviation underscores the unique political landscape of Silver Bow... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Silver Bow County, Montana, saw a notable lean towards the Democratic party in the 2020 U.S. Presidential Election, with roughly 56.7% of the vote. Republicans garnered about 41.5%, while Libertarians captured just under 3%. No significant support was observed for the Green party or other candidates. This distribution suggests a strong Democratic presence in a state that is often regarded as a Republican stronghold, highlighting local political nuances.
41.51% of voters voted for the Republican party in the 2020 Presidential Election
55.70% of voters voted for the Democrat party in the 2020 Presidential Election
2.79% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the last decade, Silver Bow County, Montana has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher, hovering around 13 and dipping to a notable 11 in 2015. This favorable ratio may suggest smaller class sizes and more personalized attention for students, which can be a significant draw for families. Real estate agents and investors might find this particularly appealing, as access to quality education is often a key consideration for... Read more
Student-to-teacher ratio in Silver Bow County, Montana over the last 10 years
Over the last decade, Silver Bow County, Montana has maintained a student-to-teacher ratio consistently below the national average of 14 students per teacher. Starting at approximately 13 students per teacher in 2014, the ratio dipped to a notable 11 in 2015, and even though it saw some fluctuations, remained generally steady, closing at around 13 students per teacher in 2023. This relatively low ratio can imply smaller class sizes, potentially translating to more personalized attention for students and a more appealing environment for families considering moving to the area. Real estate agents and those looking to build or invest in property might find this attractive, as access to quality education is often a crucial factor for homebuyers. Similarly, appraisers and insurance agents would do well to consider how this beneficial student-to-teacher ratio might impact home values and community stability.
