Benson County Real Estate and Livability Trends
The real estate market in Benson County, North Dakota, seems to offer some intriguing investment opportunities and potential for growth. Median home values peaked at $80,900 in 2021 before dipping to $79,300 in 2022, contrasting with higher state and national averages and signaling affordability. Real estate taxes have been volatile, ranging from $1,962.50 in 2012 to $2,366.67 in 2017, which... Read more
Benson County Market Trends
Benson County's median home values peaked at $80,900 in 2021 before dipping slightly to $79,300 in 2022, offering a striking contrast to North Dakota's and the nation’s higher averages. This makes the area potentially attractive for buyers looking for more affordable options with growth potential. Real estate tax trends have been volatile, oscillating from $1,962.50 in 2012 to $2,366.67 in... Read more
Median Value of Occupied Housing Units in Benson County, North Dakota Over the Last 8 Years
Benson County's median home values have consistently trended upwards over the past eight years, peaking at $80,900 in 2021 before a slight dip to $79,300 in 2022. When compared to North Dakota's state averages, which saw a rise from $153,800 in 2015 to $232,500 in 2022, Benson County remains considerably lower, presenting potential affordability opportunities. Nationwide, values soared from $125,500 to $179,400 in the same period, making Benson County's market particularly intriguing for investors seeking lower entry points with growth potential.
Residential Energy Tax Credit Per Tax Return in Benson County, ND Over the Last 2 Years
Over the past two years, the data for Benson County, North Dakota suggests a slight decrease in the average residential energy tax credit per tax return. In 2013, the average was $300.00, which dropped to $250.00 in 2014. This trend could imply changes in energy efficiency investments or tax policy modifications. For those considering property investments or relocations, understanding these nuances might reveal broader economic or legislative shifts affecting residential energy consumption incentives.
Average Real Estate Taxes Per Tax Return in Benson County, ND Over the Last 8 Years
Average real estate taxes per tax return in Benson County, North Dakota have shown a notable trend of fluctuation over the past eight years. From a peak of $1,962.50 in 2012, there's been an overall downward trend, hitting a low of $1,657.14 in 2015, before spiking to $2,366.67 in 2017. This indicates potential volatility in property taxation for the area, which might be of interest to investors and homeowners when considering long-term financial planning. Real estate professionals should account for this variability when advising clients, as these fluctuations could impact annual carrying costs for property owners.
Percentage of Farm Returns in Benson County, ND Over the Last 10 Years
Benson County, North Dakota has seen relatively stable farm returns over the last decade, ranging from 15.65% to 17.45%. While there were slight fluctuations year to year, the percentage generally hovers around this narrow band. For investors and those considering buying property, this can suggest a strong, consistent agricultural base, potentially providing stable economic opportunities. Farm tax returns indicate the proportion of total county tax filings that are agriculture-related, reflecting the area's reliance on farming and its impact on the local economy.
Number of Mortgages by Occupancy Type in Benson County, ND Over the Last 5 Years in Benson County
Benson County, North Dakota has seen variable trends in the number of mortgages across different occupancy types over the past five years. Principal residences have generally dominated, peaking in 2021 with 79 recorded mortgages and showing significant fluctuations, possibly influenced by factors like housing market dynamics or local economic conditions. Second residences have remained relatively low and stable, implying limited demand for vacation properties. Investment properties are particularly sparse in this county, with consistent yet minimal activity, suggesting a less aggressive real estate investment climate. Variations in these figures can guide investors, real estate agents, and others in understanding housing market nuances, shaping decisions about property development, investment strategies, and insurance risk assessments.
Economic Outlook
The real estate market in Benson County, North Dakota might be seeing a gradual economic uplift, as indicated by the rise in average taxable income per tax return, peaking at $60,324.89 in 2021. However, the fluctuating state and local income taxes, which hit a low of $1,733.33 in 2020, could present both opportunities and caution for potential investors. The variability in total tax liability, swinging from a high of $10,277.02 in 2015 to a low of $7,033.78 in 2019, highlights an... Read more
Average Taxable Income per Tax Return in Benson County, ND over the last 9 years
The average taxable income per tax return in Benson County, North Dakota has exhibited some fluctuation over the last nine years, with a low of $42,142.80 in 2016 and reaching a high of $60,324.89 in 2021. This trend suggests that economic conditions might be improving post-2016, potentially offering enticing opportunities for investors and homebuyers looking for areas with rising income levels. However, with these ups and downs, insurance agents and appraisers may want to approach with caution when assessing risk and property values. Real estate agents might find the upward trend in recent years particularly encouraging when advising clients on potential property investments.
Average State and Local Income Taxes Per Tax Return in Benson County, ND Over the Last 9 Years
Over the past nine years, Benson County, North Dakota saw fluctuating average state and local income taxes per tax return, with significant highs and lows. Taxes peaked at around $5,280.00 in 2013 but have generally trended downward, reaching a low of $1,733.33 in 2020. This variability could impact decisions by potential investors, real estate agents, and property builders, as changes in tax obligations might influence the financial attractiveness of the area. This downward trend could also be relevant for those assessing property values and insurance risks.
Average Total Tax Liability Per Tax Return in Benson County, ND Over the Last 10 Years
Average tax liability per return in Benson County, North Dakota has shown significant fluctuations over the past decade. The peak was in 2015 at $10,277.02, while the trough occurred in 2019 at $7,033.78. This variability suggests an economic environment that could be influenced by agriculture-dependent revenues, impacting stability for prospective investors or new residents. Real estate agents, appraisers, and insurance agents might examine these trends closely due to their possible implications on property values and loan risks.
Cost of Living in Benson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,060 | $1,391 | $1,754 | $813 | $768 |
| 1 adult 4 children | $1,060 | $1,136 | $1,340 | $813 | $896 |
| 2 adults 3 children | $1,060 | $1,137 | $1,523 | $813 | $600 |
| 1 adult 3 children | $1,060 | $928 | $1,109 | $813 | $640 |
| 2 adults 2 children | $826 | $931 | $1,291 | $731 | $545 |
| 1 adult 2 children | $826 | $695 | $877 | $731 | $501 |
| 2 adults 1 child | $826 | $735 | $1,059 | $465 | $583 |
| 1 adult 1 child | $826 | $475 | $645 | $465 | $489 |
| 2 adults | $731 | $591 | $828 | $0 | $551 |
| 1 adult | $715 | $322 | $414 | $0 | $471 |
Safety trends & Data
Benson County, North Dakota has experienced varied property crime rates over the past five years, with vandalism peaking at 12 incidents in 2018 and fraud cases surging to 15 in 2022. Motor vehicle theft has remained consistent, with highs of 8 incidents in both 2018 and 2020. This variability could be relevant for those involved in property investments, insurance underwriting, or community safety... Read more
Property Crime Trends in Benson County, ND Over the Last 5 Years
Benson County, North Dakota has seen fluctuations in property crime rates over the past five years, with notable increases in specific offenses. Vandalism remains a persistent issue, peaking at 12 incidents in 2018 and maintaining presence throughout, while fraud has become increasingly concerning, surging to 15 cases in 2022. Motor vehicle theft has consistently hovered, hitting highs of 8 incidents in both 2018 and 2020. The variability in these crime categories might be of interest to those looking at property investments, insurance underwriting, or community safety assessments in the area.
Demographics
In Benson County, North Dakota, the adult population shows a slight male majority. Educationally, the community seems predominantly concentrated around high school completion and some college, with fewer adults achieving bachelor's degrees or higher. Age-wise, there's a relatively even spread across most groups, though the county may have a notably younger demographic under 10 years. Racially, the area is largely composed of American Indian and Alaska Native residents, with a significant,... Read more
Race Distribution in Benson County, North Dakota (2022)
Educational Attainment in Benson County, North Dakota (2022)
Age Distribution in Benson County, North Dakota
Citizen Population in Benson County, North Dakota (2022)
Political Trends & Data
Benson County, North Dakota shows a strong preference for the Republican party, pulling in around 55% of the 2020 Presidential votes. This is a fairly robust lead over the Democrats, who garnered about 42%. Third parties, including Libertarians, barely made a dent with roughly 2% of the vote, indicating limited influence. This political landscape could shape community sentiments and local policies significantly, making it a crucial consideration for new residents or... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Benson County, North Dakota likely leans towards the Republican party, with just over 55% of the vote in the 2020 U.S. Presidential Election. Democrats received approximately 42%, indicating a significant, though substantially smaller, base of support. Libertarian votes were minimal at around 2%, while other parties barely registered. These trends suggest a predominantly two-party system, with third parties struggling to make an impact.
55.79% of voters voted for the Republican party in the 2020 Presidential Election
41.92% of voters voted for the Democrat party in the 2020 Presidential Election
1.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Benson County, North Dakota has generally maintained a smaller student-to-teacher ratio compared to the national average of 14 students per teacher, with ratios ranging from 8.84 in 2017 to 10.58 in 2021. This trend suggests a more personalized educational environment, potentially appealing to families prioritizing education quality. For real estate agents and developers, this could enhance the county's attractiveness, possibly driving housing demand. Appraisers and... Read more
Student-to-teacher ratio in Benson County, North Dakota over the last 10 years
Over the last decade, Benson County, North Dakota has generally maintained a smaller student-to-teacher ratio compared to the national average of 14 students per teacher. Ratios varied from a low of around 8.84 in 2017 to a high of approximately 10.58 in 2021. These figures suggest a potentially more personalized educational environment—something that could be appealing for families prioritizing education quality. For real estate agents and developers, this trend may influence the attractiveness of the county for families considering relocation, which could drive housing demand. Insurance agents might consider these educational trends as part of their community risk assessments, while appraisers might note these details when evaluating property values related to family-friendly amenities.
