Foster County Real Estate and Livability Trends
In Foster County, North Dakota, median home values have surged, rising from $96,300 in 2015 to $160,300 in 2022, potentially attracting investors to this less competitive market. Variable real estate taxes between $2,015.38 and $3,150.00 could reflect property value changes or tax rate adjustments, crucial for cost trend analysis. Also noteworthy is the drop in principal residence mortgages from... Read more
Foster County Market Trends
Foster County, North Dakota has seen a notable rise in median home values, increasing from $96,300 in 2015 to $160,300 in 2022, which outpaces the national average. Although North Dakota as a whole showed strong growth, Foster County's more robust appreciation might interest investors and potential homeowners seeking promising returns in a less competitive market. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Foster County, North Dakota Over the Last 8 Years
Foster County, North Dakota has experienced a striking increase in median home values over the past eight years, rising from $96,300 in 2015 to $160,300 in 2022. This growth outpaces the national average and reflects a trend of more robust appreciation than seen in the broader state market. While North Dakota's median values escalated from $153,800 to $232,500 in the same period, suggesting a generally strong state housing market, Foster County's trajectory illustrates a compelling opportunity for investors and potential homeowners seeking promising returns in a less competitive environment.
Average Real Estate Taxes Per Tax Return in Foster County, ND Over the Last 7 Years
Real estate taxes in Foster County, North Dakota have shown notable fluctuations over the past seven years, ranging from $2,015.38 to $3,150.00 per tax return. Notable increases were observed between 2015 and 2017, suggesting possible developments or changes in property values or tax rates. This information might be particularly relevant for potential investors, homeowners, real estate agents, and insurance agents analyzing cost trends in the area.
Percentage of Farm Returns in Foster County, ND Over the Last 10 Years
Foster County, North Dakota has seen fluctuations in the percentage of farm tax returns over the last decade, with the highest being 18.18% in 2018 and the lowest 16.35% in 2021. Farm tax returns, which reflect the income declarations specifically from agricultural activities, indicate the county's dependence on farming. These percentages suggest a somewhat stable but slightly declining trend in farm-related incomes, which could influence decisions on investing or building property in the area. For those interested in agricultural opportunities or looking to understand the economic landscape, these trends provide insights into the local farming economy's performance.
Number of Mortgages by Occupancy Type in Foster County, ND Over the Last 5 Years in Foster County
In Foster County, North Dakota, the number of mortgages for principal residences has seen some fluctuation over the last five years, from a peak of 136 in 2020 to a low of 66 in 2022. Investment properties and second residences have remained relatively stable but low, with minor variances each year. Changes in the type of occupancy for mortgages can provide valuable insight for investors and builders by highlighting shifts in demand for housing types, potentially influencing property development priorities and investment strategies. For insurance agents and appraisers, understanding these trends assists in risk assessment and property valuation. Real estate agents and those considering moving to the area may find these patterns useful for gauging community development and housing market dynamics.
Economic Outlook
In Foster County, North Dakota, average taxable income per tax return hit a peak of $76,322.29 in 2020, suggesting evolving economic conditions that could be attractive to investors and real estate agents. Fluctuating average state and local income taxes, topping at $5,900.00 in 2013 and dropping to $4,290.00 by 2017, might signal economic shifts or changing regional tax policies. Average total tax liabilities also showed variability, peaking at $14,494.96 in 2013 and dipping to $10,384.85 in... Read more
Average Taxable Income per Tax Return in Foster County, ND over the last 9 years
In Foster County, North Dakota, the average taxable income per tax return has seen a significant fluctuation over the past nine years, peaking at $76,322.29 in 2020. This trend may be appealing for investors and real estate agents, as it could indicate an evolving economic landscape. For those looking to move to or build property in the area, understanding these income trends could offer insights into local economic stability and growth. Note that such figures could also influence decisions for appraisers and insurance agents assessing risk and property values.
Average State and Local Income Taxes Per Tax Return in Foster County, ND Over the Last 6 Years
Foster County, North Dakota has seen fluctuating average state and local income taxes per tax return over the last six years, peaking at $5,900.00 in 2013 and dipping to $4,290.00 by 2017. This volatility might be indicative of economic shifts or changing tax policies in the region. For potential investors or those considering a move, understanding these trends can offer insights into the local economic climate and help forecast future financial obligations. Real estate agents and insurance agents may find this data useful when advising clients on cost-of-living considerations.
Average Total Tax Liability Per Tax Return in Foster County, ND Over the Last 10 Years
Foster County, North Dakota, has experienced fluctuating average total tax liabilities over the past decade, peaking at $14,494.96 in 2013 before tumbling to a low of $10,384.85 in 2019. The decreasing trend post-2015 could be indicative of economic adjustments or shifting demographic patterns influencing taxable income. These fluctuations are relevant for potential investors, real estate developers, and financial evaluators, as they hint at the region's economic stability and residents' financial health. Understanding these trends is crucial for anyone planning to engage with the local market in strategic endeavors.
Cost of Living in Foster County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,162 | $1,391 | $1,754 | $799 | $766 |
| 1 adult 4 children | $1,162 | $1,136 | $1,340 | $799 | $893 |
| 2 adults 3 children | $1,162 | $1,137 | $1,523 | $799 | $600 |
| 1 adult 3 children | $1,162 | $928 | $1,109 | $799 | $642 |
| 2 adults 2 children | $826 | $931 | $1,291 | $729 | $521 |
| 2 adults 1 child | $826 | $735 | $1,059 | $500 | $570 |
| 1 adult 2 children | $826 | $695 | $877 | $729 | $471 |
| 1 adult 1 child | $826 | $475 | $645 | $500 | $479 |
| 2 adults | $731 | $591 | $828 | $0 | $536 |
| 1 adult | $715 | $322 | $414 | $0 | $462 |
Safety trends & Data
Foster County, North Dakota, exhibits variable property crime trends over the past four years, with notable spikes in 2020 for larceny-theft and motor vehicle theft, both at 2 incidents each. Interestingly, 2019 saw a peak in stolen property crimes, recording 3 cases. These fluctuations might hint at rising vigilance needs or socioeconomic shifts that could be significant for potential investors, appraisers, insurance agents, and those contemplating relocation or business expansion in the... Read more
Property Crime Trends in Foster County, ND Over the Last 4 Years
Foster County, North Dakota, shows fluctuating property crime trends over the last four years. Notable spikes were seen in 2020 with an uptick in larceny-theft and motor vehicle theft, both registering 2 incidents each. Interestingly, 2019 had a peak in stolen property crimes, recording 3 cases. This information may suggest rising vigilance needs or socioeconomic changes influencing property crime rates, which could be relevant for potential investors, appraisers, insurance agents, and anyone considering relocating or expanding businesses in the area.
Demographics
In Foster County, North Dakota, there's a roughly even split between genders with a slight male majority. Educational attainment reveals a focus on high school education and some college experience, but fewer residents have completed advanced degrees. The age demographic skews towards older adults, with a significant portion aged 55 and over, indicating potential implications for healthcare and retirement services. The racial composition is predominantly White, with very minimal representation... Read more
Race Distribution in Foster County, North Dakota (2022)
Educational Attainment in Foster County, North Dakota (2022)
Age Distribution in Foster County, North Dakota
Citizen Population in Foster County, North Dakota (2022)
Political Trends & Data
Foster County, North Dakota, shows a marked Republican preference in the 2020 U.S. Presidential Election, with approximately 77% of votes leaning that way. The Democratic Party captured around 21%, and the Libertarian Party drew almost 2%. The strong Republican lean could potentially influence local real estate development and investment decisions, as political climate factors can subtly impact market dynamics and community planning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Foster County, North Dakota, the 2020 U.S. Presidential Election results might reflect a strong Republican preference, with approximately 77% of the votes. The Democratic Party appeared to capture around 21% of the votes, while the Libertarian Party attracted nearly 2%. Other parties didn't seem to make a significant impact on the outcome. These figures suggest that this county tends to lean heavily Republican in its political inclinations.
76.60% of voters voted for the Republican party in the 2020 Presidential Election
20.98% of voters voted for the Democrat party in the 2020 Presidential Election
1.86% of voters voted for the Livertarian party in the 2020 Presidential Election
0.56% of voters voted for the Other party in the 2020 Presidential Election
School Data
Foster County, North Dakota, has experienced a notable increase in its student-to-teacher ratio over the past decade, climbing from about 10 students per teacher in 2014 to nearly 13 by 2023. Although still below the national average of 14, this trend suggests growing class sizes and potentially strained educational resources. This could be an important consideration for families moving in, real estate agents spotlighting community features, and educational professionals evaluating staffing... Read more
Student-to-teacher ratio in Foster County, North Dakota over the last 10 years
Over the past decade, Foster County, North Dakota, has seen fluctuations in its student-to-teacher ratio, starting at about 10 students per teacher in 2014 and rising to nearly 13 by 2023. While this ratio remains below the national average of 14 students per teacher, the upward trend could indicate increasing class sizes or potentially strained resources in the local education system. This trend may be of particular interest to families considering a move, real estate agents highlighting community features, and educational professionals assessing staffing needs. Moreover, investors and developers may need to consider the potential for future school expansions and the accompanying infrastructure requirements to support a growing population.
