Toole County Real Estate and Livability Trends
Toole County, Montana's real estate market has shown a steady increase in median home values, peaking at $166,200 in 2022, while rising real estate taxes reflect potential increases in property values and municipal investments. Energy-efficient home improvements have declined, indicated by decreasing residential energy tax credits. Mortgage counts for principal residences peaked in 2021 but... Read more
Toole County Market Trends
Median home values in Toole County, Montana have shown an upward trajectory over the past eight years, peaking at $166,200 in 2022, which contrasts with the more significant rises in Montana’s state values and national averages. This relatively modest increase might suggest a more stable and potentially less risky market. Energy-efficient home improvements, as indicated by fluctuating... Read more
Median Value of Occupied Housing Units in Toole County, Montana Over the Last 8 Years
Over the last eight years, median home values in Toole County, Montana, have seen a mixed but upward trajectory, peaking at $166,200 in 2022. This overall growth contrasts with both state and national trends. Montana's state values displayed a significant rise, culminating at $305,700 in 2022, and national values also steadily increased, reaching $179,400 the same year. For investors and residents, this relatively lower and gradual price increase in Toole County might suggest a more stable and potentially less risky market compared to broader state dynamics.
Residential Energy Tax Credit Per Tax Return in Toole County, MT Over the Last 6 Years
Over the past six years in Toole County, Montana, residential energy tax credits per tax return have fluctuated, peaking at $266.67 in 2015 before dropping to $133.33 in 2021. This trend may indicate varying levels of investment in energy-efficient home improvements, which can be a key consideration for those looking to invest in or move to the area. Detailed observation shows a significant decrease in the average credit in recent years, potentially highlighting shifts in either policy, local economic factors, or homeowner behavior regarding energy efficiency upgrades. This information could be valuable for appraisers, insurance agents, and real estate agents as they assess property values and market conditions.
Average Real Estate Taxes Per Tax Return in Toole County, MT Over the Last 10 Years
In Toole County, Montana, the average real estate taxes per tax return have shown a general upward trend over the last decade. Starting at $1,647.22 in 2012, the average climbed steadily to reach $2,268.75 by 2016 and peaked at $3,466.67 in 2019 before slightly decreasing to $2,840.00 in 2021. These figures suggest rising property values and potentially increased municipal services or infrastructure investments, which could interest real estate investors and builders. For those moving to or living in the area, this trend might signify higher costs, impacting budgeting for taxes and influencing market dynamics for homes and commercial properties.
Percentage of Farm Returns in Toole County, MT Over the Last 10 Years
Over the past decade in Toole County, Montana, the percentage of farm tax returns has fluctuated between roughly 5.43% and 7.48%, peaking in 2017. These slight variations potentially hint at changing economic conditions or shifts in agricultural profitability. Farm tax returns reflect the income reported by individuals or entities engaged in farming, providing a snapshot of agricultural activity and financial health in the area. This data could be pertinent for potential investors, property developers, or new residents interested in the agricultural viability and economic landscape of Toole County.
Number of Mortgages by Occupancy Type in Toole County, MT Over the Last 5 Years in Toole County
Toole County, Montana has seen fluctuating trends in mortgage counts over the past five years, with a noticeable peak in principal residence mortgages in 2021 at 186, which later dipped to 142 in 2022. Investment properties remained relatively steady with minor variations, while second residence mortgages have consistently been low. These changes in occupancy types are likely indicative of shifting housing demands and economic conditions. For investors, understanding these trends can highlight potential opportunities or risks in the local housing market. Homebuyers considering relocating to the area may find current market stability in principal residences reassuring, whereas the steady investment property numbers suggest solid, albeit cautious, investment potential. Realtors, appraisers, and insurance agents could harness this data to tailor their services and anticipate market needs more accurately.
Economic Outlook
Toole County, Montana has seen variability in average taxable income per tax return over the past nine years, with a steady increase from $44,727.52 in 2016 to $52,588.34 in 2021. A notable jump was observed between 2017 and 2018, which could suggest improving economic conditions. Average state and local income taxes per tax return also fluctuated, from a low of around $5,100.00 in 2018 to approximately $8,600.00 in 2021. Additionally, the average total tax liability per tax return showed... Read more
Average Taxable Income per Tax Return in Toole County, MT over the last 9 years
Over the past nine years, Toole County, Montana has seen some variability in average taxable income per tax return, with a notable increase from $44,727.52 in 2016 to $52,588.34 in 2021. Significant growth was observed particularly between 2017 and 2018, where it jumped from approximately $46,038.32 to $50,222.06. This upward trend may suggest improving economic conditions or shifts in the local job market that could interest investors, real estate agents, and those considering moving to the area. Such patterns are likely relevant to insurance agents and appraisers as well, influencing property values and risk assessments.
Average State and Local Income Taxes Per Tax Return in Toole County, MT Over the Last 10 Years
Toole County, Montana has shown notable fluctuations in average state and local income taxes per tax return over the past decade. From a low of around $5,100.00 in 2018 to a spike of approximately $8,600.00 in 2021, tax burdens have varied significantly. These changes might influence decisions for those considering investments or relocations, as rising taxes could impact affordability and overall cost of living. Understanding these trends is crucial for property developers, real estate agents, and financial planners to gauge the economic environment.
Average Total Tax Liability Per Tax Return in Toole County, MT Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Toole County, Montana has shown some volatility. Peaks in 2014 ($8,326.06) and 2020 ($8,654.35) contrast with lower amounts in 2016 ($6,945.63) and 2018 ($6,877.14). This fluctuation could signal varying economic conditions affecting local residents, potentially tied to shifts in income or employment rates. Those looking to invest or settle here might want to consider how these tax liability trends could impact their financial planning and property values. Appraisers and insurance agents might find these insights valuable for assessing risk and setting rates accordingly.
Cost of Living in Toole County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,460 | $1,968 | $1,106 | $1,272 |
| 1 adult 4 children | $1,174 | $1,192 | $1,524 | $1,106 | $1,407 |
| 2 adults 3 children | $1,174 | $1,193 | $1,698 | $1,106 | $1,029 |
| 1 adult 3 children | $1,174 | $974 | $1,254 | $1,106 | $1,144 |
| 2 adults 2 children | $826 | $976 | $1,428 | $958 | $839 |
| 1 adult 2 children | $826 | $729 | $984 | $958 | $805 |
| 2 adults 1 child | $826 | $772 | $1,159 | $479 | $756 |
| 1 adult 1 child | $826 | $498 | $714 | $479 | $640 |
| 2 adults | $674 | $620 | $889 | $0 | $609 |
| 1 adult | $596 | $338 | $444 | $0 | $540 |
Safety trends & Data
Property crime trends in Toole County, Montana, reflect notable fluctuations over the past five years. Larceny-theft incidents peaked in 2021 with three reported cases, then dropped to just one by 2022. Vandalism saw a significant rise in 2021 with four incidents, decreasing to a single case in 2022. Burglary remained relatively low, with two occurrences in 2021, slightly up from one in 2020. The occasional spikes, particularly in 2021, could be important for investors, property developers, and... Read more
Property Crime Trends in Toole County, MT Over the Last 5 Years
Property crime trends in Toole County, Montana, show notable fluctuations over the past five years. Larceny-theft incidents peaked in 2021 with three reported cases, dropping to just one case by 2022. Vandalism saw a significant rise in 2021 with four incidents but decreased to a single case in 2022. Meanwhile, burglary incidents were relatively low, with only one occurrence in 2020, slightly increasing to two in 2021. Interestingly, the category of stolen property-related crimes appeared only in 2021 and 2022. These trends might suggest periodic spikes in certain crime types, which could be crucial for investors, property developers, and residents to consider when evaluating the safety and economic stability of the area.
Demographics
Toole County, Montana appears to have a prominent male population, with males outnumbering females. Education-wise, high school graduates form a majority, but a significant number, around a quarter, have pursued some college without earning a degree. The age distribution hints at a balanced mix of young, middle-aged, and older adults, with notable populations in the 25 to 34 and 55 to 64 age brackets. Racially, the county is predominantly White, with small populations of American Indian and... Read more
Race Distribution in Toole County, Montana (2022)
Educational Attainment in Toole County, Montana (2022)
Age Distribution in Toole County, Montana
Citizen Population in Toole County, Montana (2022)
Political Trends & Data
Toole County in Montana saw a strong Republican leaning in the 2020 Presidential Election, with about 75% of the vote leaning that way. Democrats trailed significantly with around 22%, while the Libertarian party secured roughly 2.6%. This suggests a predominantly conservative voter base, which could be insightful for those analyzing political impacts on local real estate trends and market stability in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Toole County in Montana leaned heavily Republican in the 2020 U.S. Presidential Election, with around 75% of the vote, while Democrats garnered around 22%. The Libertarian party had a modest share at approximately 2.6%, with no recorded support for the Green Party or other candidates.
75.32% of voters voted for the Republican party in the 2020 Presidential Election
22.04% of voters voted for the Democrat party in the 2020 Presidential Election
2.64% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Toole County, Montana, the student-to-teacher ratio has varied significantly, starting from 9 students per teacher in 2014, peaking at 12 in 2019, and settling around 10 recently. This lower-than-average ratio may appeal to those prioritizing educational quality, potentially driving higher property values and affecting real estate strategies. Insurers might also consider this trend when assessing local educational resource... Read more
Student-to-teacher ratio in Toole County, Montana over the last 10 years
In Toole County, Montana, the student-to-teacher ratio has fluctuated over the past decade, moving from around 9 students per teacher in 2014 to a peak of nearly 12 in 2019, before adjusting slightly to around 10 in recent years. This ratio remains comfortably below the national average of 14 students per teacher, potentially indicating smaller class sizes that might appeal to educators, families, and those considering educational quality in their relocation or investment decisions. This trend can influence various factors such as property values, educational outcomes, and even the strategies of real estate agents and appraisers looking to market properties effectively. Lower ratios might also impact how insurance agents assess risk, considering the local demand for educational resources.
