Billings County Real Estate and Livability Trends
Billings County, North Dakota's real estate market trends reveal notable growth in median home values, rising from $145,300 in 2015 to $237,500 by 2022, well above national trends. Real estate taxes have also fluctuated, with peaks and dips possibly reflecting shifts in property values and tax policies. While incomes have been volatile, peaking in 2015 at $89,916.33 and rebounding to $83,278.26... Read more
Billings County Market Trends
Billings County, North Dakota, has shown a marked increase in median home values, surging from $145,300 in 2015 to $237,500 by 2022, which is notably higher than national trends. Real estate taxes have seen some fluctuations, ranging from a dip to $950.00 in 2013 to a peak at $2,166.67 in 2015, possibly reflecting changes in property values and tax policies. The percentage of farm tax returns... Read more
Median Value of Occupied Housing Units in Billings County, North Dakota Over the Last 8 Years
The median home values in Billings County, North Dakota, have fluctuated over the past eight years, starting from $145,300 in 2015 and peaking at $237,500 by 2022. This trend shows a substantial growth, especially when compared to the national median, which increased from $125,500 to $179,400 in the same period. Billings County's values generally outpaced state-wide trends, with North Dakota's median increasing from $153,800 in 2015 to $232,500 by 2022. This data could indicate robust local economic conditions and desirability, making Billings County potentially appealing for investors and homebuyers looking for value appreciation.
Average Real Estate Taxes Per Tax Return in Billings County, ND Over the Last 6 Years
Billings County, North Dakota has experienced fluctuating real estate taxes over the past six years, with notable spikes and valleys. In 2012, the average tax per return was around $1,766.67, but it dropped significantly to $950.00 in 2013. By 2015, taxes peaked at $2,166.67 before dropping again, averaging $1,400.00 in 2016 and then rising to $1,975.00 in 2017. These variations might indicate changing property values or tax policies, which should be cautiously considered by investors, real estate agents, and residents.
Percentage of Farm Returns in Billings County, ND Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Billings County, North Dakota fluctuated between approximately 35.87% and 39.58%. This consistent range suggests relative stability in the agricultural sector within the county, which might be appealing to investors and developers focusing on agribusiness opportunities. Understanding these farm return percentages is crucial for those looking to invest, move to, or build properties in the area, as it provides insights into the vitality and health of the local agricultural economy, a significant aspect of the county's overall economic landscape.
Number of Mortgages by Occupancy Type in Billings County, ND Over the Last 5 Years in Billings County
Over the last five years, Billings County, North Dakota, has seen notable fluctuations in mortgage counts across different occupancy types. Principal residences consistently dominate the market, peaking in 2020 with 29 mortgages but showing a decline to 24 in 2022. Investment properties have remained relatively low but stable, with slight increases in 2020 and 2021. Second residences have seen minor changes but generally hold steady. Changes in occupancy types matter because they can signal shifts in local demand and housing market dynamics; for example, growth in investment properties could indicate rising interest from investors, potentially driving property values up and influencing rental markets. These trends are crucial for potential investors, property developers, appraisers, and real estate agents when assessing the county's real estate landscape.
Economic Outlook
Billings County, North Dakota's real estate market may be influenced by fluctuating average taxable incomes, variable state and local income taxes, and changing total tax liabilities. Incomes reached their peak in 2015 at approximately $89,916.33 but dropped sharply in 2016 to about $67,682.61, rebounding to $83,278.26 by 2021. Tax returns also highlighted volatility, especially in local income taxes, which peaked at $10,900.00 in 2013 and dipped to $2,740.00 in 2016. Total tax liabilities have... Read more
Average Taxable Income per Tax Return in Billings County, ND over the last 9 years
Billings County, North Dakota, has shown fluctuating trends in average taxable income over the past nine years. The highest average taxable income was seen in 2015 at approximately $89,916.33, followed by a notable dip in 2016 to about $67,682.61. The income levels recovered somewhat by 2021, reaching around $83,278.26. These income variations could impact investment potential and cost considerations for property development, influencing local real estate and insurance markets.
Average State and Local Income Taxes Per Tax Return in Billings County, ND Over the Last 6 Years
The average state and local income taxes per tax return in Billings County, North Dakota have shown significant fluctuations over the past six years. For example, in 2013, the average tax return hit a peak with $10,900.00, while it dipped to a low of $2,740.00 in 2016. This volatility could suggest changing economic conditions or tax policies impacting residents. Such irregularities in tax burdens might influence decisions for potential investors, new residents, and real estate professionals when considering long-term financial planning or property investments in the area.
Average Total Tax Liability Per Tax Return in Billings County, ND Over the Last 10 Years
Over the last decade, Billings County, North Dakota, has seen substantial fluctuations in average total tax liability per tax return, pointing to an economically volatile region. Notable peaks in 2012 ($19,407.14) and 2015 ($18,600.00) suggest occasional prosperity, while significant dips in 2016 ($12,705.41), 2018 ($11,491.67), and 2020 ($9,994.12) indicate periods of downturn. These trends could signal varying economic health, valuable for investors, real estate professionals, and others assessing the region's financial stability and growth potential.
Cost of Living in Billings County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,218 | $1,488 | $1,754 | $1,130 | $1,034 |
| 1 adult 4 children | $1,218 | $1,215 | $1,340 | $1,130 | $1,234 |
| 2 adults 3 children | $1,218 | $1,216 | $1,523 | $1,130 | $833 |
| 1 adult 3 children | $1,218 | $992 | $1,109 | $1,130 | $990 |
| 2 adults 2 children | $857 | $995 | $1,291 | $1,013 | $696 |
| 1 adult 2 children | $857 | $743 | $877 | $1,013 | $677 |
| 2 adults 1 child | $857 | $786 | $1,059 | $635 | $682 |
| 1 adult 1 child | $857 | $508 | $645 | $635 | $584 |
| 2 adults | $667 | $632 | $828 | $0 | $581 |
| 1 adult | $663 | $345 | $414 | $0 | $497 |
Safety trends & Data
Billings County, North Dakota's property crime landscape has shown some interesting variances. While larceny-theft remains minimal with only one incident in 2018, burglary incidents have seen a potential uptick—rising from one in 2019 to two in 2021. This suggests a need for enhanced security measures that homeowners, real estate investors, and insurance agents might want to consider to mitigate risks and protect property... Read more
Property Crime Trends in Billings County, ND Over the Last 3 Years
Billings County, North Dakota has displayed a nuanced pattern in property crime over the past three years, with incidents of burglary showing variability and larceny-theft being relatively minimal. Specifically, there was a single incident of larceny-theft in 2018 and an upward shift in burglary incidents—one in 2019 and two in 2021. This trend might imply an increase in burglary activities, highlighting a potential area of concern for local homeowners, real estate investors, and insurance agents assessing the risk profile of the county.
Demographics
Billings County, North Dakota, tends to have a higher adult male population compared to females. Educational attainment shows that high school graduates make up a significant portion, while those with a bachelor's or higher degree form a smaller segment. The age distribution is relatively balanced, with notable groups in the 35 to 44 and 65 to 74 age ranges. Racially, the population is predominantly White, with no significant representation from other racial groups, which might influence... Read more
Race Distribution in Billings County, North Dakota (2022)
Educational Attainment in Billings County, North Dakota (2022)
Age Distribution in Billings County, North Dakota
Citizen Population in Billings County, North Dakota (2022)
Political Trends & Data
Billings County, North Dakota, showed a pronounced conservative tilt in the 2020 U.S. Presidential Election, with the Republican party dominating the polls. Democratic votes were significantly fewer, and Libertarians had an even smaller presence. This pattern could hint at a predominantly conservative political climate, typical of rural areas, and alternative parties were barely noticeable in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Billings County, North Dakota, the 2020 U.S. Presidential Election results indicate a significant lead for the Republican party, which might suggest a strong conservative presence. Democrats garnered a noticeably smaller share of the vote, with Libertarians trailing even further behind. The data potentially reflect a broader trend of voter preferences in this rural area, where alternative parties like the Green party and other small parties barely made a dent.
85.20% of voters voted for the Republican party in the 2020 Presidential Election
11.34% of voters voted for the Democrat party in the 2020 Presidential Election
3.31% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Billings County, North Dakota, has maintained a student-to-teacher ratio well below the U.S. national average of 14 over the last decade, dipping as low as 5 in 2015 and peaking around 9 recently. For families prioritizing education, this means smaller class sizes and more individualized attention for students, which can be a compelling selling point for real estate agents and developers. Understanding this trend can also help appraisers and insurance agents factor in the potential positive... Read more
Student-to-teacher ratio in Billings County, North Dakota over the last 10 years
Billings County, North Dakota, has consistently maintained a student-to-teacher ratio well below the current U.S. national average of 14 students per teacher over the last decade. The ratio saw significant fluctuations, dipping as low as 5 students per teacher in 2015 and peaking at around 9 students in recent years. For those looking to move or invest in the area, this suggests smaller class sizes and potentially more individualized attention for students. This could be an attractive feature for families prioritizing education. Real estate agents and developers might find this demographic trend a compelling selling point, highlighting the county's commitment to education quality. Additionally, appraisers and insurance agents can consider this context for valuation and policy purposes, knowing that schools with lower student-to-teacher ratios can be a draw for homebuyers, impacting property values positively.
