Yellowstone County Real Estate and Livability Trends
Yellowstone County, Montana's median home values have surged from $192,500 in 2015 to $289,300 in 2022, indicative of robust local demand and potentially higher returns on investment. Concurrently, the average taxable income per tax return has generally risen, reaching $83,747.44 in 2021, suggesting increasing economic vitality. However, rising state and local income taxes, peaking at $13,950.30... Read more
Yellowstone County Market Trends
In Yellowstone County, Montana, median home values have surged from $192,500 in 2015 to $289,300 in 2022, outpacing both state and national averages. This could be a sign of robust local demand and higher potential returns on investment. The average residential energy tax credit per tax return saw significant spikes, particularly in 2018, reflecting possible changes in energy-efficient... Read more
Median Value of Occupied Housing Units in Yellowstone County, Montana Over the Last 8 Years
Median home values in Yellowstone County, Montana, have seen a steady increase over the past eight years, with prices jumping from $192,500 in 2015 to $289,300 in 2022. This growth trend has outpaced both the state of Montana and national averages, highlighting a stronger local market. For investors and potential homeowners, this could indicate a robust demand and potentially higher return on investment in this county compared to broader benchmarks. Comparing to Montana's increase from $193,500 to $305,700 and the national rise from $125,500 to $179,400 within the same timeframe, Yellowstone County's numbers suggest a locally driven value appreciation that may appeal to those looking for stable and significant market growth.
Residential Energy Tax Credit Per Tax Return in Yellowstone County, MT Over the Last 9 Years
In Yellowstone County, Montana, the average residential energy tax credit per tax return has seen significant fluctuations over the past nine years. After a relatively steady increase from $289.95 in 2013 to $382.98 in 2017, 2018 marked a dramatic spike to $1,790.91. Although it declined to $446.24 in 2019, this was still notably higher than pre-2018 figures and continued to rise each subsequent year, reaching $577.50 in 2021. These variations may suggest changes in energy-efficient home investments or adjustments in tax credit policies, offering potential insights for those considering property investments or energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Yellowstone County, MT Over the Last 10 Years
Real estate taxes in Yellowstone County, Montana have shown a notable upward trend over the past decade, starting at approximately $2,393.54 in 2012 and reaching around $4,318.54 in 2021. This steady increase, particularly sharp between 2017 and 2018, indicates a growing demand for property and possibly reflects rising property values and municipal funding needs. Investors, prospective homeowners, and real estate professionals should consider these rising taxes as a potential factor in long-term planning and budgeting. This trend might influence the overall cost of living and investment strategies in the area.
Percentage of Farm Returns in Yellowstone County, MT Over the Last 10 Years
Yellowstone County, Montana, has seen slight fluctuations in the percentage of farm tax returns over the past decade. From 2012 to 2021, the percentage oscillated between a high of approximately 1.76% in 2012 to a low of around 1.58% in 2020 before ending at about 1.57% in 2021. These small variations could suggest a relatively stable agricultural sector. For investors, potential residents, or property developers, this trend indicates a consistent, albeit small, presence of farming activities, which might imply steady agricultural economic contributions to the local economy.
Number of Mortgages by Occupancy Type in Yellowstone County, MT Over the Last 5 Years in Yellowstone County
In Yellowstone County, Montana, mortgage counts over the past five years reveal distinct trends in occupancy types. Principal residences consistently dominate, though there's a noticeable decline since 2021. Investment property mortgages fluctuate; they surged in 2021 but dropped significantly in 2022. Second residences hold minimal but relatively stable numbers. Such shifts impact investors assessing market stability, homebuyers evaluating supply, appraisers considering property valuation, and insurance agents determining risk. Builders and real estate agents may also find these changes crucial for future development and marketing strategies.
Economic Outlook
In Yellowstone County, Montana, the average taxable income per tax return has generally risen over the past nine years, reaching $83,747.44 in 2021. This upward trend could imply increasing economic vitality, potentially affecting property values and development opportunities. Concurrently, state and local income taxes have seen a noticeable rise, peaking at $13,950.30 in 2021, which could impact property valuation and insurance costs. The area has also shown a spike in total tax liability in... Read more
Average Taxable Income per Tax Return in Yellowstone County, MT over the last 9 years
Over the past nine years, the average taxable income per tax return in Yellowstone County, Montana has generally trended upward. Starting at approximately $59,726.68 in 2013, the figure rose steadily, peaking at around $83,747.44 in 2021. This pattern may suggest increasing economic vitality and could be appealing for investors, real estate developers, and those considering relocation. The consistent rise, particularly sharp in the last two years, could potentially impact property values, insurance rates, and new development opportunities, indicating a thriving local economy.
Average State and Local Income Taxes Per Tax Return in Yellowstone County, MT Over the Last 10 Years
Over the past decade in Yellowstone County, Montana, there's been a noticeable rise in state and local income taxes per tax return, peaking at $13,950.30 in 2021. Noteworthy jumps occurred from 2018 onwards, suggesting either increased tax rates or growing incomes. This trend could be an important consideration for potential investors, homebuyers, and real estate agents evaluating the tax landscape. Additionally, higher average taxes might impact the valuation of properties and insurance premiums. Keep an eye on how these shifting figures might influence the overall cost of living in the area.
Average Total Tax Liability Per Tax Return in Yellowstone County, MT Over the Last 10 Years
Yellowstone County, Montana, shows a mild fluctuation in average total tax liability per tax return over the past decade, with values generally hovering around the $10,000.00 to $11,000.00 range from 2012 to 2020. The most notable change occurred in 2021, with a marked increase to approximately $14,134.02. This spike could suggest a variety of factors such as policy changes, economic shifts, or demographic factors impacting the area. For prospective investors and real estate professionals, these trends may indicate evolving economic conditions and potential shifts in the financial climate of the county.
Cost of Living in Yellowstone County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,457 | $1,456 | $1,600 | $1,835 | $1,542 |
| 1 adult 4 children | $1,457 | $1,189 | $1,235 | $1,835 | $1,700 |
| 2 adults 3 children | $1,457 | $1,189 | $1,383 | $1,835 | $1,285 |
| 1 adult 3 children | $1,457 | $971 | $1,018 | $1,835 | $1,470 |
| 2 adults 2 children | $1,062 | $974 | $1,165 | $1,590 | $1,004 |
| 1 adult 2 children | $1,062 | $727 | $800 | $1,590 | $1,060 |
| 2 adults 1 child | $1,062 | $769 | $948 | $795 | $847 |
| 1 adult 1 child | $1,062 | $497 | $583 | $795 | $768 |
| 2 adults | $807 | $618 | $730 | $0 | $606 |
| 1 adult | $750 | $337 | $365 | $0 | $551 |
Safety trends & Data
Yellowstone County, Montana, has experienced fluctuating property crime rates over recent years. Larceny-theft has been the most frequent incident, peaking at 957 cases in 2019 but dropping to 740 in 2022. Arson, though low, climbed from four cases in 2018 to sixteen in 2022. Motor vehicle thefts saw a slight increase before stabilizing at 68 in 2022. Vandalism showed inconsistent patterns, spiking and dipping several times, and incidents of stolen property buying or possessing nearly tripled... Read more
Property Crime Trends in Yellowstone County, MT Over the Last 5 Years
Yellowstone County, Montana, has generally seen fluctuations in property crimes over the last five years. Larceny-theft consistently tops the list, peaking at 957 reported incidents in 2019 and gradually declining to 740 in 2022. In contrast, arson, while relatively low, exhibits an upward trend from just four cases in 2018 to sixteen in 2022. Motor vehicle thefts show less volatility but increased slightly from 2018's 74 reported cases to 79 in 2021, before settling at 68 in 2022. Vandalism occurrences appear somewhat erratic, spiking at 160 in 2019, dipping to 126 in 2021, and then climbing again to 140 by 2022. Notably, the category of stolen property buying, receiving, or possessing has sharply increased, nearly tripling from 44 incidents in 2018 to 149 in 2022. These trends could be pivotal for investors, insurers, and real estate agents assessing risk and property values in the area.
Demographics
Yellowstone County, Montana, reflects a balanced split between male and female adults, with slightly more females. In terms of educational attainment, the data indicates a significant proportion of the population has completed high school and some college, with bachelor's degrees also fairly common. Age distribution demonstrates a youthful tilt, with substantial populations in the under-10 and 25-34 age brackets. The racial composition is predominantly White, with small representations of... Read more
Race Distribution in Yellowstone County, Montana (2022)
Educational Attainment in Yellowstone County, Montana (2022)
Age Distribution in Yellowstone County, Montana
Citizen Population in Yellowstone County, Montana (2022)
Political Trends & Data
Yellowstone County, Montana's 2020 U.S. Presidential Election results hint at a predominantly conservative electorate with 60.6% favoring the Republican party. However, the Democrats' 36.6% support alongside the Libertarian party's 2.8% suggest some political diversity that might influence local policy, including real estate regulations and market dynamics. These political inclinations could impact property taxes, development projects, and overall investment climate, shaping the future of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Yellowstone County, Montana, the 2020 U.S. Presidential Election showcased a significant lean towards the Republican party, which secured approximately 60.6% of the vote. Democrats garnered about 36.6%, with the Libertarian party trailing at 2.8%. This data potentially indicates a predominantly conservative electorate, though the notable Democratic support suggests a presence of political diversity.
60.57% of voters voted for the Republican party in the 2020 Presidential Election
36.60% of voters voted for the Democrat party in the 2020 Presidential Election
2.83% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Yellowstone County, Montana has seen its student-to-teacher ratio gradually decrease from about 14 in 2014 to roughly 13 recently, just below the national average. This trend can suggest that local schools provide more individualized attention, an attractive feature for families considering a move. Real estate agents might leverage this as a selling point, while appraisers and insurance agents could see a potential rise in property demand, reflecting the county's supportive educational... Read more
Student-to-teacher ratio in Yellowstone County, Montana over the last 10 years
Over the past decade, Yellowstone County, Montana has experienced a subtle but consistent decrease in its student-to-teacher ratio, dipping from about 14 students per teacher in 2014 to approximately 13 in recent years. This level is just below the national average of 14 students per teacher, suggesting that local schools might offer slightly more individualized attention compared to other parts of the United States. For potential investors or those looking to move in, a lower student-to-teacher ratio could indicate a more supportive educational environment, which is often a key consideration for families. Real estate agents might leverage this trend as a selling point, while appraisers and insurance agents should account for the potential increase in demand for properties within this education-focused county.
