Burke County Real Estate and Livability Trends
Burke County, North Dakota's real estate market is influenced by economic fluctuations, with average taxable incomes peaking at $85,006.40 in 2013 and dipping to $66,051.85 in 2016 before rebounding to $83,693.33 in 2021. State and local income taxes have notably declined from $5,033.33 in 2013 to $2,322.22 in 2017, possibly suggesting investor-friendly policy shifts. Median home values have... Read more
Burke County Market Trends
In Burke County, North Dakota, the median home values have gradually risen from $110,100 in 2015 to $135,100 in 2022, indicating steady growth potential for investors, especially when compared to the higher state median of $232,500 and the national median of $179,400. Real estate taxes have fluctuated, with a noticeable upward trend from an average of $1422.22 in 2012 to $1711.11 in 2017, which... Read more
Median Value of Occupied Housing Units in Burke County, North Dakota Over the Last 8 Years
The median home values in Burke County, North Dakota have seen a gradual rise over the past eight years, starting at $110,100 in 2015 and reaching $135,100 in 2022, which may suggest a modest but steady growth potential for investors. When compared to state and national trends, Burke County's home values remain substantially lower—North Dakota's median at $232,500 in 2022 and the national median at $179,400. This could indicate potential opportunities for more affordable investment or living options in Burke County while the overall state and national markets become more saturated and expensive.
Average Real Estate Taxes Per Tax Return in Burke County, ND Over the Last 6 Years
Real estate taxes in Burke County, North Dakota, have seen some fluctuations over the past six years, with a noticeable upward trend overall. In 2012, the average tax was approximately $1422.22, dropping to $1062.50 in 2013 before gradually rising again, reaching a high of $1711.11 in 2017. This variability could influence decisions for prospective property investors and homeowners, impacting affordability, future tax expectations, and potential returns. Housing market stakeholders, including appraisers and real estate agents, should consider these trends when assessing property values and advising clients.
Percentage of Farm Returns in Burke County, ND Over the Last 10 Years
Over the last decade, Burke County, North Dakota has seen fluctuations in the percentage of farm tax returns, starting at 24.00% in 2012 and peaking at 26.17% in 2017. This trend indicates potential economic shifts impacting agriculture, which could be significant for investors and developers targeting rural and farmland-focused projects. Farm tax returns represent a portion of tax filings specifically related to agricultural income, shedding light on the financial health and productivity of the farming sector in the area. Understanding these trends helps gauge the economic viability and growth potential within the local agricultural market, informing decisions for those considering investments or developments in this region.
Number of Mortgages by Occupancy Type in Burke County, ND Over the Last 5 Years in Burke County
Over the past five years in Burke County, North Dakota, the number of mortgages for principal residences has notably fluctuated, peaking at 69 in 2021. Mortgages for investment properties and second residences remain consistently low, with just one or two per year. These trends suggest a strong focus on owner-occupied homes, possibly indicating a stable community structure. For potential investors, appraisers, and those in the real estate industry, this data suggests limited opportunities for investment properties but a potentially robust market for primary residences. Builders and insurance agents might also find this information useful for assessing risk and demand in the area.
Economic Outlook
Burke County, North Dakota, has exhibited significant income volatility with average taxable income peaking at $85,006.40 in 2013 and dipping to $66,051.85 in 2016 before recovering to $83,693.33 in 2021. This economic dynamism, perhaps driven by local factors, holds weight for real estate valuations. State and local income taxes in the area have also shown a notable decline from $5,033.33 in 2013 to $2,322.22 by 2017, potentially pointing to policy changes favorable for investors. In terms of... Read more
Average Taxable Income per Tax Return in Burke County, ND over the last 9 years
Burke County, North Dakota, has seen notable fluctuations in average taxable income per tax return over the past nine years, with a peak at $85,006.40 in 2013 and a low of $66,051.85 in 2016. The income trend suggests a general volatility, potentially impacted by local economic factors. More recent numbers indicate a recovery, with 2021 figures returning close to the 2013 peak at $83,693.33. This trend is worth noting for investors, real estate agents, and those considering moving to the area, as economic stability and income levels can significantly influence property valuations and living conditions.
Average State and Local Income Taxes Per Tax Return in Burke County, ND Over the Last 6 Years
Over the past six years in Burke County, North Dakota, state and local income taxes per tax return have shown a notable decline. After reaching a peak of approximately $5,033.33 in 2013, the average taxes have dropped to around $2,322.22 by 2017. This downward trend might suggest changes in local economic conditions or tax policies, providing potentially favorable conditions for investors and those considering relocation. Such fluctuations could impact property appraisals and insurance rates, as well as influence the overall attractiveness of the county for real estate professionals.
Average Total Tax Liability Per Tax Return in Burke County, ND Over the Last 10 Years
Over the last decade, Burke County, North Dakota, experienced fluctuating average total tax liabilities per tax return with a notable downward trend peaking at $16,559.43 in 2013 and reaching a low of $10,318.82 in 2020. While there's a recent uptick in 2021 to $13,811.49, the overall decrease could signal shifting economic conditions such as local industry changes or demographic shifts. This could be crucial for investors and real estate agents assessing the financial health and tax burden of potential investments or residential moves in the area. Understanding these trends helps appraisers and insurance agents provide more accurate evaluations and policies respectively.
Cost of Living in Burke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,520 | $1,754 | $988 | $890 |
| 1 adult 4 children | $1,005 | $1,241 | $1,340 | $988 | $1,049 |
| 2 adults 3 children | $1,005 | $1,242 | $1,523 | $988 | $699 |
| 1 adult 3 children | $1,005 | $1,014 | $1,109 | $988 | $778 |
| 2 adults 2 children | $826 | $1,017 | $1,291 | $889 | $632 |
| 1 adult 2 children | $826 | $759 | $877 | $889 | $614 |
| 2 adults 1 child | $826 | $803 | $1,059 | $565 | $650 |
| 1 adult 1 child | $826 | $519 | $645 | $565 | $552 |
| 2 adults | $628 | $645 | $828 | $0 | $564 |
| 1 adult | $623 | $352 | $414 | $0 | $486 |
Safety trends & Data
Property crime in Burke County, North Dakota has shown some variability over the last five years. Fraud has been consistently reported each year, peaking in 2021 with four cases. Burglary spiked in 2019 with three cases, while motor vehicle theft has remained relatively steady, with one case each reported in 2018 and 2021. Vandalism and incidents involving stolen property appear intermittently. This fluctuating crime landscape might suggest a need for targeted preventative measures and... Read more
Property Crime Trends in Burke County, ND Over the Last 5 Years
Property crime in Burke County, North Dakota has shown some variability over the last five years. Fraud has been consistently reported each year, peaking in 2021 with four cases. Instances of burglary spiked in 2019 with three cases, while motor vehicle theft has remained relatively steady, with one case each reported in 2018 and 2021. Vandalism and incidents involving stolen property have appeared intermittently, each reporting one or two cases in specific years. This fluctuating crime landscape may suggest a need for targeted preventative measures and vigilance, especially among prospective property owners and investors.
Demographics
Burke County, North Dakota, exhibits a nearly balanced gender ratio among its adult population, with a slight male predominance. The county's educational attainment varies, with a significant number of residents having completed some college, though just under half hold an associate's, bachelor's, or higher degree. Age distribution hints at an aging population, particularly between the ages of 55 and 74. Lastly, the racial landscape is predominantly White, with minimal representation from other... Read more
Race Distribution in Burke County, North Dakota (2022)
Educational Attainment in Burke County, North Dakota (2022)
Age Distribution in Burke County, North Dakota
Citizen Population in Burke County, North Dakota (2022)
Political Trends & Data
In Burke County, North Dakota, the 2020 U.S. Presidential Election revealed a strong Republican majority, with approximately 86% of votes cast in favor of the GOP. Democrats and Libertarians received around 12% and 1.7% respectively. This indicates a prominent Republican presence, reflecting the broader political leanings often observed in rural parts of North... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Burke County, North Dakota, the 2020 U.S. Presidential Election results suggest a significant leaning towards the Republican party, with approximately 86% of the votes. Democrats appear to have garnered roughly 12% of the vote, while Libertarians accounted for about 1.7%. The presence of other parties, including Green, seems negligible, indicating a strong Republican stronghold in this region. This trend may reflect broader political sentiments and voter preferences in rural North Dakota.
86.06% of voters voted for the Republican party in the 2020 Presidential Election
11.86% of voters voted for the Democrat party in the 2020 Presidential Election
1.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Burke County, North Dakota boasts a consistently low student-to-teacher ratio, ranging from about 7 to 8.5 students per teacher over the last decade, peaking at 8.49 in 2023. This low ratio could imply more personalized attention for students, potentially attracting families prioritizing education quality. For real estate agents and investors, this trend might represent a compelling selling point. Meanwhile, appraisers and insurance agents could view it as a favorable factor for property... Read more
Student-to-teacher ratio in Burke County, North Dakota over the last 10 years
Burke County, North Dakota has consistently maintained a low student-to-teacher ratio compared to the national average of 14 students per teacher. Over the last decade, the ratio fluctuated between about 7 and 8.5 students per teacher, peaking at 8.49 in 2023. Such low ratios could potentially indicate more personalized attention for students, making this area particularly appealing for families prioritizing education quality. For real estate agents and investors, this trend might signify a significant selling point, while appraisers and insurance agents could view it as a positive factor in property valuation and community stability. Builders considering new projects might also see this trend as indicative of a robust support system for new families moving in.
