Barnes County Real Estate and Livability Trends
Barnes County, North Dakota's real estate market shows a promising upward trend, with median home values jumping from $97,600 in 2015 to $157,800 in 2022—well below both state and national medians, highlighting affordability. Notably, agricultural stability (farm tax returns consistently at 11%-11.5%) and rising mortgage numbers for principal residences and investment properties in 2021 point... Read more
Barnes County Market Trends
Barnes County, North Dakota has seen its median home values rise sharply from $97,600 in 2015 to $157,800 in 2022, still well below the state median of $232,500 and the national median of $179,400. Energy tax credits spiked to approximately $371.43 in 2016, reflecting potential increases in energy-efficient investments. Real estate taxes have fluctuated, rising from $2,796 in 2012 to a peak of... Read more
Median Value of Occupied Housing Units in Barnes County, North Dakota Over the Last 8 Years
Barnes County, North Dakota, has seen its median home values rise sharply in recent years. From $97,600 in 2015, values have surged to $157,800 in 2022, representing a significant appreciation. When compared to North Dakota's state median of $232,500 and the national median of $179,400 in 2022, Barnes County homes are still more affordable, offering potential opportunities for buyers and investors looking for undervalued properties. This price trend may be particularly appealing to those considering relocation or investment within a less competitive, yet increasingly valuable market.
Residential Energy Tax Credit Per Tax Return in Barnes County, ND Over the Last 8 Years
Over the past eight years, Barnes County, North Dakota has seen notable fluctuations in the average residential energy tax credit per tax return. The credit spiked in 2016, peaking at approximately $371.43, indicating potential increases in energy-efficient investments or upgrades during that period. However, the amount has varied with lower averages like $212.50 in 2014, and more recently stabilizing around $266.67 in 2020 and 2021. This trend might interest property developers and real estate investors as it could impact the appeal and valuation of energy-efficient homes. Insurance agents and appraisers might also find the data useful in assessing the associated risks and benefits connected to energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Barnes County, ND Over the Last 10 Years
Over the past decade, Barnes County, North Dakota has seen significant fluctuations in real estate taxes per tax return, suggesting nuanced shifts in the local property landscape. Notably, there's been an overall increasing trend from $2,796 in 2012 to a peak of $4,325 in 2021, which might imply rising property valuations or changing local tax policies. Such data could be pivotal for prospective investors and real estate professionals assessing future opportunities and potential returns, shaping their financial projections and decisions. This variation also provides valuable context for appraisers and insurance agents when determining property values and premiums in the region.
Percentage of Farm Returns in Barnes County, ND Over the Last 10 Years
Barnes County, North Dakota has seen varying trends in farm tax returns over the past decade, typically hovering around the 11% to 11.5% range, with minor fluctuations. For instance, 2012 started at approximately 11.48%, showing slight ups and downs through the years, with 2021 closing at around 10.90%. Farm tax returns essentially show the percentage of tax filings that are from farm businesses, reflecting the agricultural activity and economic reliance on farming within the county. This consistent trend might indicate a relatively stable agricultural sector, which could be appealing for potential investors, developers, or new residents interested in the rural economy.
Number of Mortgages by Occupancy Type in Barnes County, ND Over the Last 5 Years in Barnes County
Over the past five years, Barnes County, North Dakota has seen a notable fluctuation in mortgage numbers across various occupancy types. Principal residences consistently dominate, with significant volume increases observed in 2021. Investment properties and second residences exhibit year-to-year variability, with a significant rise in investment property mortgages observed in 2021 as well. These trends can inform potential investors about market dynamics and areas of growth, while appraisers and real estate agents may use this data to forecast demand shifts. Shifting occupancy types also impact risk assessments and policy pricing for insurance agents, not to mention guiding developers and builders in aligning projects with market trends.
Economic Outlook
In Barnes County, North Dakota, average taxable income per tax return has seen a rise over the past nine years, from $59,380.37 in 2013 to $74,442.09 in 2021. This steady increase indicates potentially improved economic conditions and higher earning potential, making the area appealing for investors and real estate professionals. State and local income taxes have fluctuated between $3,368.57 and $4,580.00 per tax return, reflecting economic volatility that could affect financial planning. The... Read more
Average Taxable Income per Tax Return in Barnes County, ND over the last 9 years
Barnes County, North Dakota has seen a generally upward trend in average taxable income per tax return over the past nine years, rising from around $59,380.37 in 2013 to approximately $74,442.09 in 2021. This steady increase, with some fluctuations, suggests improved economic conditions and earning potential for residents, which could be enticing for investors and real estate professionals. Building property in the county might be lucrative given the increasing incomes, which may also impact appraisal values and insurance costs.
Average State and Local Income Taxes Per Tax Return in Barnes County, ND Over the Last 10 Years
Investing or relocating to Barnes County, North Dakota may require consideration of fluctuating state and local income taxes, which have varied between $3,368.57 and $4,580.00 per tax return over the past decade. The peaks and troughs in these figures suggest a level of volatility that could impact financial planning. Updates in these taxes often mirror broader economic trends, hinting at regional economic shifts that may be relevant for real estate agents, property builders, and insurance professionals assessing the market.
Average Total Tax Liability Per Tax Return in Barnes County, ND Over the Last 10 Years
Over the past decade in Barnes County, North Dakota, the average total tax liability per tax return has shown moderate fluctuations. After peaking around $10,163.24 in 2014, there was a noticeable dip in subsequent years, with a low of $8,884.00 in 2019. Interestingly, 2021 saw a significant rise to $10,798.31, which might suggest economic shifts or policy changes impacting tax liabilities. This trend could be relevant for anyone looking to invest or establish property in the county, as it might reflect broader economic health and stability factors.
Cost of Living in Barnes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,043 | $1,391 | $1,754 | $943 | $729 |
| 1 adult 4 children | $1,043 | $1,136 | $1,340 | $943 | $839 |
| 2 adults 3 children | $1,043 | $1,137 | $1,523 | $943 | $571 |
| 1 adult 3 children | $1,043 | $928 | $1,109 | $943 | $591 |
| 2 adults 2 children | $857 | $931 | $1,291 | $859 | $534 |
| 1 adult 2 children | $857 | $695 | $877 | $859 | $487 |
| 2 adults 1 child | $857 | $735 | $1,059 | $588 | $575 |
| 1 adult 1 child | $857 | $475 | $645 | $588 | $483 |
| 2 adults | $651 | $591 | $828 | $0 | $495 |
| 1 adult | $647 | $322 | $414 | $0 | $425 |
Safety trends & Data
Barnes County, North Dakota has experienced notable fluctuations in property crimes over the past five years. Larceny-theft incidents spiked in 2019 and 2022 with 15 reports each year, while drastically dropping to just one in 2021. Burglary also varied, peaking at four cases in 2019 and dropping to one in both 2020 and 2022. Vandalism stayed relatively stable, hitting a high of seven incidents in 2022. Fraud saw a significant rise in 2022 with 10 reported incidents, compared to previous years.... Read more
Property Crime Trends in Barnes County, ND Over the Last 5 Years
Barnes County, North Dakota, has seen varied trends in property crimes over the last five years, with notable fluctuations in specific categories. Larceny-theft has generally been the most prevalent crime, peaking significantly in 2019 and 2022 with 15 reported incidents each year, while 2021 saw a stark drop to just 1 incident. Burglary incidents also showed inconsistency, ranging from a low of 1 in 2020, 2022, to a high of 4 in 2019. Vandalism incidents stayed relatively steady with slight variations, peaking at 7 in 2022. Fraud saw a marked increase in 2022 with 10 incidents compared to previous years. For those considering investments or real estate opportunities in the area, these crime trends may factor into decisions regarding safety and insurance.
Demographics
Barnes County, North Dakota, shows a notable balance in gender distribution, with an equal adult male and female population. The educational attainment data suggests that a sizable portion of residents have at least a high school diploma, and there is a decent percentage with bachelor's degrees and higher, indicating potential for a skilled workforce. Age distribution is diverse, with significant cohorts across all age ranges, though there's a slightly larger group in the 55 to 64 years range.... Read more
Race Distribution in Barnes County, North Dakota (2022)
Educational Attainment in Barnes County, North Dakota (2022)
Age Distribution in Barnes County, North Dakota
Citizen Population in Barnes County, North Dakota (2022)
Political Trends & Data
Barnes County, North Dakota, showed a strong lean towards the Republican party in the 2020 U.S. Presidential Election, with Republicans possibly securing around 64% of the vote. Democrats appeared to follow with nearly 33%, suggesting a smaller but significant base of support. Libertarians attracted around 3% of the vote, reflecting some interest in third-party candidates, while votes for other parties were minimal, hinting at a pronounced bipartisan preference within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Barnes County, North Dakota, exhibited significant support for the Republican party in the 2020 U.S. Presidential Election, with Republicans potentially securing around 64% of the vote. Democrats seemed to follow with nearly 33%, suggesting a notable but smaller base of support. Libertarians garnered approximately 3% of the vote, indicating some preference for third-party options. Votes for other parties were almost negligible, potentially indicating a strong bipartisan preference among the electorate.
64.12% of voters voted for the Republican party in the 2020 Presidential Election
32.70% of voters voted for the Democrat party in the 2020 Presidential Election
2.89% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Barnes County, North Dakota, has seen its student-to-teacher ratio vary from about 8 students per teacher in 2019 to around 12 in 2023. This is generally lower than the national average of 14 students per teacher, hinting at smaller class sizes and potentially more personalized attention for students. This could attract families to the area, which is a key selling point for real estate agents. For investors and developers, it signals a steady demand for family-friendly... Read more
Student-to-teacher ratio in Barnes County, North Dakota over the last 10 years
Over the last decade, Barnes County, North Dakota, has experienced fluctuation in its student-to-teacher ratio, ranging from a low of roughly 8 students per teacher in 2019 to a peak of around 12 students per teacher in 2023. Compared to the national average of 14 students per teacher, Barnes County generally maintains a lower ratio, which may indicate smaller class sizes and potentially more individualized attention for students. This can be a significant draw for families looking to move to the area, as well as a key selling point for real estate agents. For investors and builders, it suggests a stable demand for residential properties suitable for families. Appraisers and insurance agents might view this as a sign of a lower-risk area with a strong community focus on education, which could impact property values and insurance rates positively.
