Dickey County Real Estate and Livability Trends
Dickey County, North Dakota has seen median home values jump from $92,000 in 2015 to $164,700 in 2022, outpacing both state and national trends and potentially signifying lucrative investment opportunities. Average taxable income per tax return rose from $61,104.37 in 2013 to $70,864.19 in 2021, suggesting economic resilience likely to buoy property values. However, real estate taxes per tax... Read more
Dickey County Market Trends
Dickey County, North Dakota has witnessed a notable increase in median home values, surging from $92,000 in 2015 to $164,700 in 2022, outperforming both state and national trends. This could signal lucrative opportunities for investors and property developers eyeing areas with rapid appreciation. Meanwhile, average residential energy tax credits have shown some volatility, peaking at $300.00 in... Read more
Median Value of Occupied Housing Units in Dickey County, North Dakota Over the Last 8 Years
Dickey County, North Dakota has seen a significant rise in median home values over the past eight years, with values jumping from $92,000 in 2015 to $164,700 in 2022. This increase is particularly striking when compared to both state and national trends. North Dakota's median home values rose from $153,800 in 2015 to $232,500 in 2022, while the United States saw median values increase from $125,500 to $179,400 in the same period. These numbers suggest that Dickey County's housing market could potentially offer a lucrative opportunity for investors and those looking to build properties, with its relatively rapid appreciation outpacing broader regional and national trends.
Residential Energy Tax Credit Per Tax Return in Dickey County, ND Over the Last 7 Years
Over the last seven years, residents in Dickey County, North Dakota have seen a somewhat uneven trend in their average residential energy tax credits per tax return. Notably, there was a significant peak in 2015 with an average credit reaching $300.00. This was followed by some fluctuation, including a dip to $216.67 in 2016. Recently, averages seem to be stabilizing around $220.00. This data could indicate that energy efficiency investments in homes may have fluctuated, impacting both tax credits and potentially property values. Understanding these dynamics is essential for investors, real estate agents, and anyone involved in the housing market in the county.
Average Real Estate Taxes Per Tax Return in Dickey County, ND Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Dickey County, North Dakota have shown fluctuations with a notable increase from $2,245.00 in 2012 to $3,100.00 in 2021. The period from 2016 to 2019 saw significant jumps, particularly peaking at $3,466.67 in 2019. This could signal rising property values or increasing tax levies, making it a key consideration for potential investors, real estate agents, and appraisers. Generally, the uptick in property taxes may reflect growing economic activity or infrastructural developments within the county.
Percentage of Farm Returns in Dickey County, ND Over the Last 10 Years
Over the past decade, Dickey County, North Dakota, has witnessed relatively stable trends in farm tax returns, fluctuating modestly around the 18% to 19% mark. The highest return rate was noted in 2017, albeit not significantly different from other years, peaking at approximately 19.42%. This consistency suggests a steady agricultural sector, possibly signaling reliable investment opportunities or stability for those considering moving or investing in the county's farming industry. Understanding farm tax returns is crucial in evaluating the economic health and viability of the agricultural sector in a region, as these figures reflect the profitability and sustainability of farming businesses over time.
Number of Mortgages by Occupancy Type in Dickey County, ND Over the Last 5 Years in Dickey County
Over the past five years, mortgage counts for principal residences in Dickey County, North Dakota have shown some fluctuations but generally remained the predominant type, shifting from a high of 166 in 2021 to a lower 93 in 2022. Investment property mortgages have seen a smaller but upward trend, reaching a peak of 9 in recent years. This data matters because changes in occupancy type can signal shifts in local real estate market dynamics, investor confidence, and economic stability. For investors and real estate agents, higher principal residences suggest solid demand for housing, whereas increasing investment property mortgages might indicate emerging rental opportunities. Appraisers and insurance agents can use this information to assess property values and risk models more accurately.
Economic Outlook
Dickey County, North Dakota has experienced notable shifts in average taxable income per tax return over the past nine years, starting at $61,104.37 in 2013 and rising to $70,864.19 in 2021. These fluctuations suggest economic resilience that could influence property values positively. Meanwhile, average state and local income taxes have varied significantly, peaking at $10,341.18 in 2013 and dropping to $2,533.33 in 2018, indicating potential volatility in local tax policy. Additionally, the... Read more
Average Taxable Income per Tax Return in Dickey County, ND over the last 9 years
Dickey County, North Dakota has seen fluctuations in average taxable income per tax return over the past nine years, starting at $61,104.37 in 2013 and dipping to a low of $53,787.20 in 2015 before climbing steadily to $70,864.19 in 2021. These changes could signify economic resilience and potential growth, possibly driven by local industries or demographic shifts. For real estate agents, appraisers, and insurance agents, understanding these income trends may provide insights into the financial health and purchasing power of residents, influencing property values and policy rates. Potential investors or those looking to move might find this trend promising, pointing towards a gradually increasing economic stability in the area.
Average State and Local Income Taxes Per Tax Return in Dickey County, ND Over the Last 10 Years
Dickey County, North Dakota exhibits significant fluctuations in average state and local income taxes per tax return over the past decade, peaking at $10,341.18 in 2013 and bottoming out at $2,533.33 in 2018. This volatility might suggest varying economic conditions or changes in tax policy impacting the region. For those investing, relocating, or working within the real estate sector in Dickey County, this pattern indicates potential unpredictability in local tax obligations which could impact financial planning and property valuations.
Average Total Tax Liability Per Tax Return in Dickey County, ND Over the Last 10 Years
Over the last decade in Dickey County, North Dakota, the average total tax liability per tax return has shown a noticeable decline from $12,669.04 in 2012 to a low of $8,340.22 in 2018, before gradually increasing to $9,767.18 in 2021. This overall trend could suggest a relative easing of tax burdens or shifts in taxable incomes and property values, which might interest potential investors and homeowners. Understanding these fluctuations can be crucial for real estate agents, appraisers, and those assessing the insurance and financial landscape in the area.
Cost of Living in Dickey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,408 | $1,754 | $888 | $757 |
| 1 adult 4 children | $1,005 | $1,149 | $1,340 | $888 | $879 |
| 2 adults 3 children | $1,005 | $1,150 | $1,523 | $888 | $591 |
| 1 adult 3 children | $1,005 | $939 | $1,109 | $888 | $624 |
| 2 adults 2 children | $826 | $941 | $1,291 | $810 | $553 |
| 1 adult 2 children | $826 | $703 | $877 | $810 | $512 |
| 2 adults 1 child | $826 | $744 | $1,059 | $556 | $595 |
| 1 adult 1 child | $826 | $481 | $645 | $556 | $501 |
| 2 adults | $628 | $598 | $828 | $0 | $518 |
| 1 adult | $623 | $326 | $414 | $0 | $443 |
Safety trends & Data
Dickey County, North Dakota, has experienced varied property crime trends over the past five years. Fraud cases peaked at 22 incidents in 2019 but dropped to just one in 2020, while burglary and larceny-theft have consistently remained low, with an occasional spike in larceny-theft, such as the 8 incidents in 2018. This crime data may be crucial for potential investors, real estate agents, and insurance agents evaluating the safety and risk factors in the... Read more
Property Crime Trends in Dickey County, ND Over the Last 5 Years
Dickey County, North Dakota, has seen fluctuating property crime trends over the past five years, with notable highs in fraud cases particularly in 2019, peaking at 22 incidents, compared to just one case in 2020. Burglary and larceny-theft have remained relatively low but consistent, with occasional spikes such as in 2018 for larceny-theft, showing 8 incidents. The overall crime data could be crucial for potential investors, real estate agents, and insurance agents assessing the safety and risk factors in the area.
Demographics
Dickey County, North Dakota, reveals a nearly balanced male (1844) to female (1791) adult population ratio. The educational attainment data suggests a concentration of high school graduates and those with some college or associates degrees, potentially indicating a workforce suited for both skilled trade and entry-level professional roles. Age distribution highlights a notable proportion of the population in the retirement age bracket (55 and older), hinting at potential demands for healthcare... Read more
Race Distribution in Dickey County, North Dakota (2022)
Educational Attainment in Dickey County, North Dakota (2022)
Age Distribution in Dickey County, North Dakota
Citizen Population in Dickey County, North Dakota (2022)
Political Trends & Data
In Dickey County, North Dakota, the 2020 Presidential Election suggested a pronounced Republican dominance, with an estimated 72% of votes potentially going to the GOP. Democrats might have secured around 25%, with minimal support for other parties. This strong Republican lean could influence local policies and market trends, potentially affecting residential and commercial real estate dynamics in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dickey County, North Dakota, the 2020 U.S. Presidential Election saw a significant leaning towards the Republican Party, which possibly garnered about 72% of the votes. The Democratic Party, while trailing far behind, might have captured roughly 25%, leaving very little for other parties. Libertarians and other minor parties seemed to barely make a mark in the county. This suggests a strong Republican presence, reflective of broader political trends in the region.
71.86% of voters voted for the Republican party in the 2020 Presidential Election
25.08% of voters voted for the Democrat party in the 2020 Presidential Election
2.60% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Dickey County, North Dakota, the student-to-teacher ratio has oscillated over the past decade, climbing from around 11 students per teacher in 2014 to almost 14 in 2023. These numbers still fall slightly below the US national average, hinting at a more personalized education experience. This trend might appeal to families, enhancing the locality's attractiveness—a bonus for real estate agents and investors. Appraisers and insurance agents should also consider these dynamics when assessing... Read more
Student-to-teacher ratio in Dickey County, North Dakota over the last 10 years
Over the past decade, Dickey County, North Dakota has seen fluctuations in its student-to-teacher ratio, rising from about 11 students per teacher in 2014 to nearly 14 by 2023. Notably, these figures remain somewhat lower than the current US national average of 14 students per teacher. For investors, low ratios might suggest a more personalized education experience, potentially increasing the area's desirability for families. For real estate agents, this trend could be a selling point for new residents. Appraisers and insurance agents should also bear in mind these dynamics as they evaluate property values and risks.
