North Dakota Real Estate and Livability Trends
North Dakota’s real estate market is showing strong signals of growth with median home values jumping from $153,800 in 2015 to $232,500 in 2022, well above the national average. This suggests robust property appreciation. Despite a rising student-to-teacher ratio, it remains below the national average, making the state attractive for families looking for quality education. Property taxes have... Read more
North Dakota Market Trends
North Dakota's median home values have nearly doubled from $153,800 in 2015 to $232,500 in 2022, outpacing the national growth, suggesting robust property appreciation potential. Variability in residential energy tax credits, with a spike to $1,307.14 in 2018, indicates potential for savings that could impact property investments and valuation considerations. Real estate taxes have also climbed... Read more
Median Value of Occupied Housing Units in North Dakota Over the Last 8 Years
North Dakota's median home values have shown a consistent upward trend over the past eight years, with a significant jump from $153,800 in 2015 to $232,500 in 2022. Compared to the national increase from $125,500 to $179,400 in the same period, North Dakota's housing market appears to be more robust. This implies that those looking to invest in or relocate to North Dakota might see a stronger appreciation in home values compared to the national average, making it a potentially lucrative market for homebuyers and investors.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in North Dakota over the last 10 years
Active Loans 30-60 Days Past Due in North Dakota over the last 10 years in North Dakota
Perent of loans that are Active Loans 90-180 Days Past Due in North Dakota over the last 10 years in North Dakota
Residential Energy Tax Credit Per Tax Return in North Dakota Over the Last 9 Years
North Dakota's residential energy tax credit has shown significant fluctuation over the past nine years, with a notable peak in 2018 at $1307.14 per tax return. While the average remained around $400-$500 in most years, the spike indicates an unusual anomaly that might warrant further investigation. This variability is crucial for investors and real estate agents, suggesting potential for substantial savings during peak years, influencing property valuation and construction decisions. Appraisers and insurance agents should also consider these trends to accurately assess long-term property value and associated costs in the region.
Average Real Estate Taxes Per Tax Return in North Dakota Over the Last 10 Years
North Dakota has seen a notable upward trend in average real estate taxes per tax return over the last decade, increasing from approximately $3,415.53 in 2012 to $6,216.99 in 2021. This steady rise, particularly sharp starting in 2017, suggests significant shifts in property values or tax rates. For potential investors or homeowners, this trend could indicate burgeoning property values or improved municipal services which might justify higher taxes. Real estate professionals and insurance agents should note these patterns for accurate property valuation and risk assessment.
Percentage of Farm Returns in North Dakota Over the Last 10 Years
Over the last decade, North Dakota has seen a slight but noticeable decline in the percentage of farm tax returns, dropping from 7.87% in 2012 to 6.84% in 2021. Farm tax returns reflect the number of tax filings specifically from farm operations, which can indicate the health of the agricultural sector. Although the change seems gradual, it might signal evolving agricultural practices or economic challenges affecting local farmers. For potential investors or those looking to move and build property in North Dakota, it's crucial to understand that while farming remains significant, its relative presence has been subtly shrinking. This trend could influence property values and economic opportunities in the county.
Economic Outlook
The average taxable income per tax return in North Dakota hit $91,938.81 in 2021, suggesting a post-pandemic economic recovery shaping favorable conditions for potential real estate investments. With local income taxes peaking at $11,956.00 the same year, the trend indicates increased earnings or tax rates that could influence property market dynamics. Fluctuating total tax liability in the state, peaking at $15,696.93 in 2021, marks economic shifts that may impact decisions for investors and... Read more
Average Taxable Income per Tax Return in North Dakota over the last 9 years
The average taxable income per tax return in North Dakota has seen some fluctuations over the last nine years, suggesting a mixed impact of economic conditions. Notably, there's a significant increase in average taxable income in 2021, reaching $91,938.81, which could indicate economic recovery or other favorable conditions in the post-pandemic period. This upward trend might interest investors and real estate agents by hinting at an improving economic climate, while insurance agents and appraisers could see the potential for adjustments in their evaluations and strategies based on income growth.
Average State and Local Income Taxes Per Tax Return in North Dakota Over the Last 10 Years
North Dakota has seen fluctuating average state and local income taxes per tax return over the past decade, with notable spikes in 2013, 2018, 2019, and a peak in 2021 reaching $11,956.00. These trends potentially underscore evolving economic conditions, tax policy changes, or demographic shifts impacting tax liabilities. The jump from $4,267.13 in 2016 to $11,956.00 in 2021 is particularly significant, indicating a possible increase in earnings or tax rates that could influence decisions for investors, property developers, and residents assessing the financial climate of this area.
Average Total Tax Liability Per Tax Return in North Dakota Over the Last 10 Years
Over the past decade, North Dakota has experienced fluctuating average total tax liability per tax return, peaking at $15,696.93 in 2021. A notable dip occurred between 2014 and 2016, where it fell from $14,529.99 to $11,946.00. These changes reflect various economic factors and could influence decisions for investors, real estate agents, and those considering a move. Understanding these patterns can offer deeper insights into financial planning and property valuation in the state.
Cost of Living in North Dakota
Safety trends & Data
North Dakota's property crime trends reveal notable variances that could significantly impact real estate decisions. Fraud remains a significant concern, with incidents reaching as high as $2,400.00 in 2022. Forgery and counterfeiting also pose consistent challenges, peaking at $558.00 in 2020. Moderate yet steady occurrences of arson, larceny-theft, and vandalism could influence neighborhood perceptions and insurance costs. A slight uptick in burglary incidents, reaching $39.00 in 2022, may... Read more
Property Crime Trends in North Dakota Over the Last 5 Years
North Dakota's property crime landscape over the last five years shows variability in different crime categories, impacting investment and real estate decisions. Fraud consistently presents high numbers, reaching a noteworthy 2,400.00 in 2022, albeit fluctuating annually. Similarly, forgery and counterfeiting incidents have seen steady counts, peaking at 558.00 in 2020. Arson, larceny-theft, and vandalism indicate moderate yet consistent occurrences, suggesting underlying issues in neighborhood security that may influence insurance premiums and property values. Burglary sees a slight increase, culminating in 39.00 incidents in 2022, which might affect perceived safety. Embezzlement and motor vehicle theft, while lower in numbers, also exhibit periodic trends that could inform potential business ventures. Trends in these crime statistics provide crucial insights for appraisers, insurance agents, builders, and those considering relocation within North Dakota.
Demographics
North Dakota's adult population demonstrates a slight male majority, while educational attainment data shows the largest segment has only a high school diploma, followed by those with some college but no degree. This suggests potential for increased higher education outreach. Age distribution highlights significant proportions of residents under 35, hinting at a youthful demographic. The racial composition is predominantly White, with modest representation from other racial groups, reflecting... Read more
Race Distribution in North Dakota (2022)
Educational Attainment in North Dakota (2022)
Age Distribution in North Dakota
Citizen Population in North Dakota (2022)
Political Trends & Data
In North Dakota, the 2020 Presidential Election results suggest a strong Republican influence, with the party possibly leading at around 65% of the vote. Democrats appear to have gathered about 32%, while Libertarians and other parties combined captured less than 4%. This political landscape potentially indicates predictable voting behavior, which could influence local policy decisions and real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In North Dakota, the 2020 U.S. Presidential Election saw Republicans likely leading with approximately 65% of the vote, while Democrats gathered around 32%. Libertarians possibly captured about 2.6%, and other parties collectively remained below 1%. This suggests a dominant Republican influence in the state's political landscape, with third-party options making minimal impact.
65.11% of voters voted for the Republican party in the 2020 Presidential Election
31.76% of voters voted for the Democrat party in the 2020 Presidential Election
2.60% of voters voted for the Libertarian party in the 2020 Presidential Election
0.53% of voters voted for the Other party in the 2020 Presidential Election
School Data
North Dakota’s student-to-teacher ratio has seen a gradual rise over the past decade, increasing from around 10 students per teacher to nearly 12 by 2023. However, this remains lower than the national average of 14 students per teacher, indicating more individualized classroom attention. This trend could be significant for families seeking personalized education for their children and for real estate professionals focused on family-oriented buyers. Additionally, this insight is crucial for... Read more
Student-to-teacher ratio in North Dakota over the last 10 years
North Dakota’s student-to-teacher ratio has slowly increased over the past decade, starting at about 10 students per teacher and rising to nearly 12 by 2023. Interestingly, this trend still falls below the current national average of 14 students per teacher, suggesting that the state offers more individualized attention in the classroom compared to many other parts of the United States. This could be a key consideration for families prioritizing personalized education for their children or for real estate professionals targeting family-centric buyers. For any investments in educational infrastructure or hiring decisions from school districts, understanding this trend is essential to align resources appropriately.
