Cavalier County Real Estate and Livability Trends
Cavalier County, North Dakota, has seen a notable rise in average taxable income, peaking at $107,515.64 in 2021, coupled with increased state and local income taxes, suggesting a potential local economic upswing. Median home values have grown from $86,700 in 2015 to $122,900 in 2022, with real estate taxes more than doubling over a decade, hinting at rising property demand. The consistent low... Read more
Cavalier County Market Trends
Cavalier County, North Dakota, has shown notable growth in median home values, climbing from $86,700 in 2015 to $122,900 in 2022, while still remaining below state and national averages. Real estate tax trends reflect this upward trajectory, more than doubling over a decade from $1,535.29 in 2012 to $3,233.33 in 2021, hinting at rising property demand. Principal residences dominate mortgage... Read more
Median Value of Occupied Housing Units in Cavalier County, North Dakota Over the Last 8 Years
Cavalier County, North Dakota, has experienced consistent growth in median home values over the last eight years, jumping from $86,700 in 2015 to $122,900 in 2022. This increase is substantial but remains significantly lower compared to the state median, which climbed from $153,800 to $232,500 in the same period. Nationally, the median home value rose from $125,500 to $179,400. The relative affordability in Cavalier County combined with steady appreciation might offer an enticing opportunity for investors or homebuyers looking for growth potential with a lower entry cost than the state and national averages.
Residential Energy Tax Credit Per Tax Return in Cavalier County, ND Over the Last 3 Years
Cavalier County, North Dakota has seen fluctuating residential energy tax credits per tax return over the past three years, with a peak in 2014 at $333.33 and a low in 2015 at $200.00. This volatility in energy tax credits could suggest shifting policies or changes in energy efficiency investments, which might be worthwhile for potential investors, property developers, and real estate agents to monitor closely. Higher credits in 2014 could have been driven by a temporary incentive or an uptick in eligible energy-efficient installations.
Average Real Estate Taxes Per Tax Return in Cavalier County, ND Over the Last 10 Years
Over the past decade, Cavalier County, North Dakota, has seen a noticeable rise in average real estate taxes per tax return, starting at $1,535.29 in 2012 and reaching $3,233.33 by 2021. This upward trend may suggest increasing property values and a heightened demand for housing. For potential investors, developers, and real estate agents, it's essential to consider that higher taxes could impact overall returns and influence buyer decisions. These figures also provide a useful benchmark for appraisers and insurance agents assessing property values and risks in the area.
Percentage of Farm Returns in Cavalier County, ND Over the Last 10 Years
Cavalier County, North Dakota has seen the percentage of farm tax returns hover around 28.92% to 27.63% over the last decade. The slight fluctuations suggest that farming remains a steady economic activity in this region, with minimal year-to-year changes. For those considering investments, moves, or developments in Cavalier County, understanding the stability of farm-based revenue here can be crucial. Farm tax returns, which detail the income and expenses of farming operations, can indicate overall economic health and agricultural viability, making this data relevant to potential stakeholders.
Number of Mortgages by Occupancy Type in Cavalier County, ND Over the Last 5 Years in Cavalier County
Cavalier County, North Dakota shows distinct patterns in mortgage activity. Principal Residences dominate the market with fluctuations peaking at 152 in 2020 compared to 71 in 2022 and 93 in 2018. Investment Properties and Second Residences exhibit minimal activity, with single-digit counts consistently. These trends are essential for investors assessing risk and return on different property types, and for insurance agents considering coverage needs. Real estate agents can leverage this data to understand buyer priorities, while appraisers might find it crucial for property valuations. For those moving to, investing in, or building in Cavalier County, these insights offer a clearer picture of the housing market dynamics.
Economic Outlook
In Cavalier County, North Dakota, average taxable income per tax return has risen significantly, peaking at $107,515.64 in 2021 from a low of $67,792.55 in 2016. Average state and local income taxes have also fluctuated, hitting a high of $9,450.00 in 2021 from a low of about $3,200.00 in 2019. Such trends hint at a possible local economic upswing, which might matter to investors and real estate stakeholders gauging the area’s prosperity. Tracking the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Cavalier County, ND over the last 9 years
In Cavalier County, North Dakota, average taxable income per tax return has experienced a notable upward trend over the past nine years. Starting at approximately $74,698.53 in 2013, it saw a gradual decline till 2016, hitting a low of around $67,792.55. However, from 2017 onward, the average taxable income began climbing again, peaking dramatically at $107,515.64 in 2021. This trend may be of particular interest to prospective investors, real estate agents, and those considering relocation, as it potentially indicates a local economic upswing and increasing prosperity in the area.
Average State and Local Income Taxes Per Tax Return in Cavalier County, ND Over the Last 9 Years
Cavalier County, North Dakota, has seen significant fluctuations in average state and local income taxes per tax return over the last nine years. These variations range from a low of approximately $3,200.00 in 2019 to a high nearing $9,450.00 in 2021. Such inconsistent tax trends could be useful for potential investors or those looking to move to the area, as they may reflect economic changes, shifts in local policy, or varying income levels over time. Real estate agents and appraisers might also find this data valuable for advising clients on long-term financial planning and tax implications.
Average Total Tax Liability Per Tax Return in Cavalier County, ND Over the Last 10 Years
In Cavalier County, North Dakota, the average total tax liability per tax return has seen notable fluctuations over the past decade. From a high of $16,371.18 in 2012, it fell to a low of $12,174.83 in 2019, followed by a significant increase to $18,936.13 in 2021. These changes could be indicative of varying economic conditions and income levels in the area, which might influence decisions for potential investors, property developers, and real estate agents. Tracking this trend could be crucial for assessing the financial health and tax burden of residents in the region.
Cost of Living in Cavalier County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,492 | $1,754 | $776 | $820 |
| 1 adult 4 children | $1,174 | $1,218 | $1,340 | $776 | $958 |
| 2 adults 3 children | $1,174 | $1,219 | $1,523 | $776 | $639 |
| 1 adult 3 children | $1,174 | $995 | $1,109 | $776 | $696 |
| 2 adults 2 children | $826 | $998 | $1,291 | $708 | $547 |
| 2 adults 1 child | $826 | $789 | $1,059 | $485 | $591 |
| 1 adult 2 children | $826 | $745 | $877 | $708 | $498 |
| 1 adult 1 child | $826 | $509 | $645 | $485 | $494 |
| 2 adults | $643 | $633 | $828 | $0 | $531 |
| 1 adult | $639 | $346 | $414 | $0 | $462 |
Safety trends & Data
Cavalier County, North Dakota has experienced fluctuating property crime trends over the past five years, notably surges in burglary and larceny-theft cases in 2020 and 2022. Vandalism incidents spiked in 2021 with 4.00 cases. The emergence of fraud, motor vehicle theft, and forgery indicates evolving crime patterns, likely influencing investment decisions, property values, and insurance rates in the... Read more
Property Crime Trends in Cavalier County, ND Over the Last 5 Years
Cavalier County, North Dakota has seen fluctuating trends in property crimes over the past five years. The most notable surges occurred in 2020 and 2022 with spikes in burglary and larceny-theft, reaching 3.00 and 4.00 cases respectively in 2020, and continuing with 3.00 burglary and 2.00 larceny-theft cases in 2022. Vandalism incidents saw a rise in 2021 with 4.00 cases. The diversity in crime categories such as fraud, motor vehicle theft, and the inclusion of forgery and counterfeiting signal evolving crime patterns that could influence investment decisions, property values, and insurance rates in the area.
Demographics
Cavalier County, North Dakota appears to have a male population slightly higher than females. In education, a significant portion of the population has attended some college but did not complete a degree, while high school graduates and those with a bachelor's degree form other notable groups. The age demographic skews older, with a large number of residents aged 55 and above. The racial composition is overwhelmingly White, with very minimal representation from other racial... Read more
Race Distribution in Cavalier County, North Dakota (2022)
Educational Attainment in Cavalier County, North Dakota (2022)
Age Distribution in Cavalier County, North Dakota
Citizen Population in Cavalier County, North Dakota (2022)
Political Trends & Data
In Cavalier County, North Dakota, the strong Republican lean in the 2020 U.S. Presidential Election, with 74% of the vote, could influence local and state policy decisions, aligning with typical rural county trends. Democrats drew around 23%, and the Libertarian Party nearly 2%, with remaining votes scattered among minor parties. These political preferences might shape real estate development and investment perspectives in the region, indicating a potential preference for conservative-leaning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cavalier County, North Dakota, voting trends in the 2020 U.S. Presidential Election might suggest a strong lean toward the Republican Party, as they garnered approximately 74% of the vote. Democrats received around 23%, while the Libertarian Party captured nearly 2%. The remaining votes were distributed among other minor parties. This distribution reflects consistent patterns in rural counties where Republican support often appears dominant, potentially impacting local and state policy decisions.
74.21% of voters voted for the Republican party in the 2020 Presidential Election
23.47% of voters voted for the Democrat party in the 2020 Presidential Election
1.98% 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
Cavalier County, North Dakota, boasts a consistently low student-to-teacher ratio, hovering around 7 to 9 students per teacher over the past decade. This figure is considerably below the national average of 14, suggesting smaller class sizes and potentially more personalized attention for students. This trend could be a significant draw for families prioritizing education, making the area more appealing for investors, real estate agents, and developers who view strong educational metrics as a... Read more
Student-to-teacher ratio in Cavalier County, North Dakota over the last 10 years
Cavalier County, North Dakota, has maintained a student-to-teacher ratio ranging approximately from 7 to 9 students per teacher over the past decade. This ratio is consistently lower than the national average of 14 students per teacher, potentially indicating smaller class sizes and more individualized attention for students. For anyone considering investing, moving to, or working in this area, this trend might signify a community that prioritizes education quality. Appraisers and real estate agents might also view this as an attractive point for families, while insurance agents and property developers could consider the stability and appeal of such educational investments.
