Wheatland County Real Estate and Livability Trends
Home values in Wheatland County, Montana, have nearly doubled from $83,300 in 2015 to $163,200 in 2022, outpacing state and national averages. Real estate taxes also saw a sharp increase from $1,053.85 in 2012 to approximately $1,850.00 in 2019, reflecting rising property valuations and suggesting both higher returns and costs. The number of principal residence mortgages peaked at 53 in 2021 but... Read more
Wheatland County Market Trends
Over the past eight years, home values in Wheatland County, Montana nearly doubled, skyrocketing from $83,300 in 2015 to $163,200 in 2022. This steep climb outpaces both state and national averages and makes the county attractive for investors aiming for rapid appreciation. Meanwhile, real estate taxes rose from $1,053.85 in 2012 to about $1,850.00 in 2019, reflecting increasing property... Read more
Median Value of Occupied Housing Units in Wheatland County, Montana Over the Last 8 Years
In the last eight years, Wheatland County, Montana has seen significant growth in median home values, rising from $83,300 in 2015 to $163,200 in 2022. This almost doubling of values is particularly striking compared to the state of Montana, which increased from $193,500 to $305,700 over the same period. Nationally, median home values went from $125,500 to $179,400. Wheatland County's jump represents a smaller base value but a much steeper climb, making it potentially appealing for investors eyeing rapid appreciation or buyers looking for areas undergoing swift valuation changes.
Average Real Estate Taxes Per Tax Return in Wheatland County, MT Over the Last 7 Years
Wheatland County, Montana has seen a notable increase in average real estate taxes per tax return over the past seven years, with values rising from approximately $1,053.85 in 2012 to nearly $1,850.00 in 2019. This upward trend suggests a growing valuation of property in the area, which could mean higher potential returns for real estate investors but also higher costs for homeowners and insurance agents to consider. Real estate agents might view this as a signal of developing demand and could use this data to advise clients effectively. This trend may also be relevant for those looking to build property, hinting at evolving tax implications over time.
Percentage of Farm Returns in Wheatland County, MT Over the Last 10 Years
In Wheatland County, Montana, farm tax returns have shown variable trends over the past decade. The highest percentage of farm returns was around 15.63% in 2012, while the lowest dipped to roughly 10.68% in 2019. This fluctuation indicates a diverse and changing agricultural economic landscape, which could be crucial for those looking to invest in farming operations or build property here. Understanding these trends can offer a nuanced perspective on the profitability and stability of farm investments in this region.
Number of Mortgages by Occupancy Type in Wheatland County, MT Over the Last 5 Years in Wheatland County
Over the last five years, Wheatland County in Montana has shown an interesting pattern in mortgage tendencies. The number of principal residence mortgages fluctuated, peaking at 53 in 2021 and dropping to 36 by 2022. While investment property mortgages remained relatively low, second residence mortgages experienced a slight increase in 2020, reaching 9, but then nearly vanished. These shifts in occupancy types can be pivotal for those considering property investment or development, indicating changing residential priorities and potential market volatility. For real estate agents and insurance underwriters, this could hint at emerging trends that might affect property values and risk assessments.
Economic Outlook
Average taxable income in Wheatland County, Montana, has seen fluctuations from $35,258.82 in 2019 to a peak of $49,406.86 in 2021, indicating possible shifts in economic conditions. Similarly, state and local income taxes per tax return varied, reaching $7,721.43 in 2015 before dropping to $2,400.00 by 2019, potentially suggesting an unstable tax base. Average total tax liabilities per tax return also fluctuated, with peaks at $8,448.39 in 2012 and $8,367.19 in 2021, and a low at $5,217.54 in... Read more
Average Taxable Income per Tax Return in Wheatland County, MT over the last 9 years
Average taxable income in Wheatland County, Montana has shown notable fluctuations over the past nine years, peaking at $49,406.86 in 2021. While 2014 also saw a high at $47,535.96, other years like 2019 and 2017 dipped to closer to $35,258.82 and $37,072.22, respectively. These variations could signal shifting economic conditions or changes in the employment landscape, which might be of interest to investors, real estate developers, and new residents when considering the area's financial stability and growth potential.
Average State and Local Income Taxes Per Tax Return in Wheatland County, MT Over the Last 8 Years
Over the past eight years, average state and local income taxes per tax return in Wheatland County, Montana have fluctuated significantly. The highest value reached approximately $7,721.43 in 2015, with a noticeable decrease to around $2,400.00 by 2019. This variability might suggest an unstable tax base or changing economic conditions affecting residents' incomes. Prospective investors, appraisers, and real estate professionals should consider these trends when evaluating the financial environment of the county.
Average Total Tax Liability Per Tax Return in Wheatland County, MT Over the Last 10 Years
Over the last decade, Wheatland County, Montana, has seen fluctuating average total tax liabilities per tax return, with notable peaks in 2012 at $8448.39 and 2021 at $8367.19. The lowest point was in 2018, where average liability dropped to $5217.54. Although there's no consistent upward or downward trend, the variability could indicate economic shifts or changes in taxable income sources. This data might be relevant for potential investors, real estate developers, and property appraisers looking to understand tax liabilities in the area.
Cost of Living in Wheatland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,027 | $1,456 | $1,968 | $1,065 | $1,304 |
| 1 adult 4 children | $1,027 | $1,189 | $1,524 | $1,065 | $1,447 |
| 2 adults 3 children | $1,027 | $1,189 | $1,698 | $1,065 | $1,055 |
| 1 adult 3 children | $1,027 | $971 | $1,254 | $1,065 | $1,176 |
| 2 adults 2 children | $826 | $974 | $1,428 | $923 | $914 |
| 1 adult 2 children | $826 | $727 | $984 | $923 | $905 |
| 2 adults 1 child | $826 | $769 | $1,159 | $461 | $830 |
| 1 adult 1 child | $826 | $497 | $714 | $461 | $706 |
| 2 adults | $628 | $618 | $889 | $0 | $657 |
| 1 adult | $596 | $337 | $444 | $0 | $592 |
Safety trends & Data
Wheatland County, Montana, has experienced relatively low property crime rates over the past three years, even with a notable 2022 spike in incidents like arson, larceny-theft, motor vehicle theft, and vandalism, each being reported once. This modest increase still keeps Wheatland County relatively safe, making it an attractive prospect for potential investors or those considering... Read more
Property Crime Trends in Wheatland County, MT Over the Last 3 Years
Wheatland County, Montana has seen relatively low incidents of property crime over the last three years, with a variety including burglary, fraud, arson, larceny-theft, motor vehicle theft, and vandalism. The most notable spike was in 2022 when multiple types of property crime—arson, larceny-theft, motor vehicle theft, and vandalism—were each reported once. Despite the increase, the numbers remain low, suggesting Wheatland County could still be considered relatively safe from an investment or relocation standpoint.
Demographics
Wheatland County in Montana has a slightly higher female population compared to males. In terms of education, the majority have at least a high school diploma, showing some emphasis on baseline education but fewer higher degrees achieved. A noticeable chunk of the population is concentrated in the 55 to 74 age range, suggesting an aging community. Racially, the county is predominantly White with minimal representation from other races. These trends provide insights into the county's workforce,... Read more
Race Distribution in Wheatland County, Montana (2022)
Educational Attainment in Wheatland County, Montana (2022)
Age Distribution in Wheatland County, Montana
Citizen Population in Wheatland County, Montana (2022)
Political Trends & Data
Wheatland County, Montana, shows a marked preference for conservative choices, as around 77% of the 2020 presidential votes went to Republican candidates, while Democrats secured about 21% and Libertarians under 2%. This strong GOP support might hint at a community with deeply rooted conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Wheatland County, Montana, Republican candidates appeared to receive around 77% of the vote in the 2020 U.S. presidential election, suggesting a strong leaning towards conservative choices. Democrats garnered approximately 21%, indicating some level of bipartisan representation but a significant disparity compared to Republican support. The Libertarian party had a minor presence with just under 2%, while other parties did not seem to make a notable impact. This voting pattern might reflect the broader political leanings and values of the county's residents.
77.06% of voters voted for the Republican party in the 2020 Presidential Election
21.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.87% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Wheatland County, Montana, remains well below the national average of 14:1, dipping as low as 4:1 in 2020. This could attract families seeking individualized attention in education, enhancing the community's appeal. For real estate agents and investors, this suggests a potential selling point, signaling higher quality education and possibly lower operational costs in educational administration. This factor might also draw educators considering a move to Wheatland... Read more
Student-to-teacher ratio in Wheatland County, Montana over the last 10 years
The student-to-teacher ratio in Wheatland County, Montana, has consistently remained well below the national average of 14 students per teacher. Over the past decade, the ratio has fluctuated, reaching a peak of seventh in 2018 and a notable low of four in 2020. These lower ratios could be attractive for families prioritizing individualized attention for their children and might signal higher quality educational opportunities. For potential investors and real estate agents, this demographic detail might suggest an appealing characteristic of the community that could be leveraged when marketing properties. Additionally, lower densities could imply lower operational costs in educational administration for local governments and a strong selling point for educators considering relocation to the area.
