Eddy County Real Estate and Livability Trends
Eddy County, North Dakota, has seen its median home values surge from $68,500 in 2015 to $108,400 in 2022, signaling strong investment potential despite remaining below state and national averages. The area's real estate taxes have shown significant swings, ranging from $1,333.33 in 2013 to $2,025.00 in 2016, which may impact investor decisions. Notably, the farming sector remains stable, with... Read more
Eddy County Market Trends
In Eddy County, North Dakota, median home values have seen a notable increase from $68,500 in 2015 to $108,400 in 2022, yet these figures are still under the state and national medians. This upward trend could hint at strong investment prospects or attract new residents seeking affordable housing in a growing market. Real estate taxes have shown significant variability, with numbers ranging from... Read more
Median Value of Occupied Housing Units in Eddy County, North Dakota Over the Last 8 Years
Median home values in Eddy County, North Dakota, have seen a significant rise over the past eight years, jumping from $68,500 in 2015 to $108,400 in 2022. This growth, while substantial, still places the county well below both North Dakota's state median of $232,500 and the national median of $179,400 for 2022. This trend could signal strong investment opportunities or appeal to new residents looking for more affordable housing options within the region while still participating in a growing market.
Average Real Estate Taxes Per Tax Return in Eddy County, ND Over the Last 6 Years
Over the past six years in Eddy County, North Dakota, real estate taxes per tax return have fluctuated significantly, with a noticeable dip in 2013 at $1,333.33 and a peak in 2016 at $2,025.00. This variability can be crucial for potential investors and property developers, indicating a somewhat unstable tax environment that could impact budgeting and long-term financial planning. Real estate agents and appraisers might also find this trend useful in understanding the county's tax landscape, while insurance agents might consider these fluctuations when advising clients.
Percentage of Farm Returns in Eddy County, ND Over the Last 10 Years
Over the last ten years, the percentage of farm tax returns in Eddy County, North Dakota has hovered between 19.91% and 22.73%. These figures provide insights into the economic activity and sustainability of agriculture in the region. Farm tax returns, which are a reflection of the taxable income reported by farm operators, can tell us a lot about the health of the farming sector. A fluctuating but relatively steady percentage suggests that while there have been some changes, farming remains a significant part of the county's economy. For those considering investment or relocation, these trends highlight Eddy County as a stable agricultural community with potential opportunities in the farming market.
Number of Mortgages by Occupancy Type in Eddy County, ND Over the Last 5 Years in Eddy County
Over the last few years in Eddy County, North Dakota, there's been a noticeable uptick in principal residence mortgages compared to investment properties and second residences. This shift could indicate a trend toward more people choosing to make Eddy County their primary home. For investors and real estate agents, understanding these changes is crucial; fewer investment properties might mean less rental inventory, potentially driving up rental prices and making the area increasingly homeowner-focused. For appraisers and insurance agents, the dominance of principal residences suggests a stable, resident-based community, likely affecting property valuations and risk assessments. This trend can also signal to builders and developers where to focus their efforts, as the demand for primary residences is evidently higher than secondary properties or investments.
Economic Outlook
Eddy County, North Dakota has seen its average taxable income per tax return fluctuate significantly over the past nine years, peaking in 2021 at $68,714.68 after hitting a low of $48,559.09 in 2017. Alongside this, state and local income taxes have experienced notable volatility, with a sharp drop from $5,240.00 in 2013 to the mid-$2,500s range in recent years. Meanwhile, the average total tax liability per tax return hit an all-time high of $11,141.86 in 2021, rebounding from a low in 2018.... Read more
Average Taxable Income per Tax Return in Eddy County, ND over the last 9 years
Average taxable income per tax return in Eddy County, North Dakota has shown some fluctuation over the past nine years. Starting at $58,533.91 in 2013, it experienced a gradual decline, bottoming out at $48,559.09 in 2017. However, recent years have seen a rebound with notable increases, culminating in a significant jump to $68,714.68 in 2021. This volatility suggests both challenges and opportunities for potential investors and residents, as economic conditions and individual incomes appear to be improving again, highlighted by the substantial rise in the most recent year.
Average State and Local Income Taxes Per Tax Return in Eddy County, ND Over the Last 6 Years
Eddy County, North Dakota has experienced fluctuating average state and local income taxes per tax return over the past six years. Peaks were seen in 2013 with $5,240.00, which dipped sharply to $2,760.00 in 2014, and averaged around the mid-$2,500s for the subsequent years. Such volatility in tax burdens may reflect broader economic shifts or policy changes, emphasizing the importance for potential investors, homeowners, and real estate professionals to monitor these trends for informed decision-making.
Average Total Tax Liability Per Tax Return in Eddy County, ND Over the Last 10 Years
Eddy County, North Dakota, has seen fluctuations in average total tax liability per tax return over the past decade, with notable peaks and troughs. After a significant decline from $9,952.81 in 2013 to $7,543.90 in 2018, the tax liability has bounced back to an all-time high of $11,141.86 in 2021. This trend could indicate evolving economic conditions, possibly driven by changing employment rates, property values, or shifts in local tax regulations, making it crucial for investors, real estate agents, and residents to keep an eye on these dynamics when making financial decisions in the area.
Cost of Living in Eddy County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,391 | $1,754 | $849 | $729 |
| 1 adult 4 children | $1,005 | $1,136 | $1,340 | $849 | $844 |
| 2 adults 3 children | $1,005 | $1,137 | $1,523 | $849 | $570 |
| 1 adult 3 children | $1,005 | $928 | $1,109 | $849 | $590 |
| 2 adults 2 children | $826 | $931 | $1,291 | $763 | $533 |
| 1 adult 2 children | $826 | $695 | $877 | $763 | $486 |
| 2 adults 1 child | $826 | $735 | $1,059 | $486 | $571 |
| 1 adult 1 child | $826 | $475 | $645 | $486 | $477 |
| 2 adults | $628 | $591 | $828 | $0 | $509 |
| 1 adult | $623 | $322 | $414 | $0 | $436 |
Safety trends & Data
Eddy County, North Dakota has experienced fluctuating property crime trends over the past four years, with fraud cases peaking in 2020 before dropping to one case in later years. Larceny-theft was limited to 2018, while vandalism emerged in 2021, indicating a potential shift in crime patterns. Consistent incidents of burglary and handling of stolen property in 2020 and 2022 may hint at emerging trends that could be significant for investors and local... Read more
Property Crime Trends in Eddy County, ND Over the Last 4 Years
Over the past four years in Eddy County, North Dakota, there's been a noticeable fluctuation in property crimes. Most notably, fraud cases varied, peaking in 2020 with two incidents, before dropping back down to one in subsequent years. While larceny-theft occurred only in 2018, vandalism appeared in 2021, suggesting a shift in the nature of property-related offenses. Both burglary and the handling of stolen property saw consistent occurrences only in 2020 and 2022, which could indicate emerging trends that may warrant further attention from investors and local stakeholders.
Demographics
Eddy County in North Dakota reveals a slight gender disparity with 942 men and 894 women according to the 2022 data. Educational attainment is quite varied; a notable portion of the adult population holds a high school diploma or some college experience, yet a smaller group have advanced degrees. Age distribution is fairly spread out but tends to skew older, with significant numbers in the 55 to 74 age brackets. The racial composition predominantly consists of White individuals, while those... Read more
Race Distribution in Eddy County, North Dakota (2022)
Educational Attainment in Eddy County, North Dakota (2022)
Age Distribution in Eddy County, North Dakota
Citizen Population in Eddy County, North Dakota (2022)
Political Trends & Data
Eddy County, North Dakota, displayed a strong Republican preference in the 2020 U.S. Presidential Election, with 67.70% of the vote going Republican and 30.40% Democratic. The Libertarian Party took around 1.70%, while other parties had minimal impact. This dominant Republican presence could shape future local and state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Eddy County, North Dakota, the 2020 U.S. Presidential Election data shows a clear leaning towards the Republican Party, which garnered approximately 67.7% of the vote. The Democratic Party trailed significantly with around 30.4%, indicating a strong Republican presence. The Libertarian Party captured roughly 1.7%, while other parties, including the Green Party, had negligible influence. This voting pattern suggests that Eddy County might be a reliably Republican area, potentially influencing both local and state-level political strategies.
67.72% of voters voted for the Republican party in the 2020 Presidential Election
30.37% of voters voted for the Democrat party in the 2020 Presidential Election
1.74% 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
Eddy County, North Dakota has experienced a swinging student-to-teacher ratio, starting at 12 in 2014, dipping to 7 in 2019, and rising to 13 in 2023. This fluctuation, despite being below the current national average of 14, could signal changing educational priorities or population shifts. Real estate agents, appraisers, and insurance professionals might find these trends significant in understanding neighborhood desirability and broader socio-economic shifts impacting the... Read more
Student-to-teacher ratio in Eddy County, North Dakota over the last 10 years
Eddy County, North Dakota has seen a notable fluctuation in its student-to-teacher ratio over the past decade. Starting from 12 in 2014, the ratio dipped to its lowest at 7 in 2019 before rising again to 13 in 2023. This variability, while lower than the current national average of 14, might have implications for education quality, classroom management, and resource allocation. Investors or those considering moving to the area may see these changes as indicators of shifting educational priorities or population dynamics, while real estate agents and appraisers could find the evolving student-to-teacher ratios useful in assessing neighborhood desirability. Insurance agents might also take note of these trends, as they can reflect broader socio-economic shifts potentially affecting insurance risks and needs.
