Golden Valley County Real Estate and Livability Trends
Golden Valley County, North Dakota has experienced a sharp $29,900 rise in median home values from $112,600 in 2021 to $142,500 in 2022. This suggests a potential hotspot for affordable real estate investments. With average taxable income peaking at $73,953.16 in 2021 and varying local and state tax liabilities, these financial trends could shape investor and developer strategies. The steady... Read more
Golden Valley County Market Trends
Golden Valley County, North Dakota has witnessed a remarkable $29,900 spike in median home values, from $112,600 in 2021 to $142,500 in 2022, an anomaly compared to the steadier climbs seen statewide and nationally. This highlights a potential hotspot for more affordable real estate investments in North Dakota. Real estate taxes in the county have fluctuated notably, with a low average of... Read more
Median Value of Occupied Housing Units in Golden Valley County, North Dakota Over the Last 8 Years
Golden Valley County, North Dakota has seen a significant increase in median home values over the past year, jumping from $112,600 in 2021 to $142,500 in 2022. This $29,900 spike bucks the broader trends in both North Dakota and the national market where home values have risen more steadily. Compared to the state average for 2022 at $232,500 and the national median at $179,400, Golden Valley's median remains lower, suggesting it might offer a more affordable option for potential buyers looking in North Dakota.
Average Real Estate Taxes Per Tax Return in Golden Valley County, ND Over the Last 6 Years
Golden Valley County, North Dakota has experienced some variability in its real estate taxes per tax return over the last six years. Notably, there's been a significant fluctuation, with the lowest average tax in 2015 at roughly $1,225.00 and the highest in 2017 at around $1,771.43. Such variations might interest potential investors and real estate agents in assessing tax-related costs in the area. This trend could also be pertinent to insurance agents and property appraisors in understanding the economic factors at play, which may influence property values and demand.
Percentage of Farm Returns in Golden Valley County, ND Over the Last 10 Years
Farm tax returns in Golden Valley County, North Dakota have shown a general upward trend over the past decade. Starting at 19.15% in 2012, they reached approximately 24.18% by 2021, though there have been minor fluctuations. This indicates a steady increase in farming activities or profitability, which could be appealing for potential investors and property developers who are eyeing agricultural ventures. This trend may suggest a strengthening farming community, making Golden Valley County an intriguing option for those interested in rural investments or lifestyle changes.
Number of Mortgages by Occupancy Type in Golden Valley County, ND Over the Last 5 Years in Golden Valley County
Golden Valley County, North Dakota has seen variable trends in mortgage counts for different occupancy types over the last five years. Principal residences consistently dominate, peaking at 49 in both 2020 and 2021. This could suggest stable or growing local populations prioritizing home ownership. Meanwhile, investment properties have fluctuated, with a noticeable increase from 1 in 2019 to 4 in 2022, implying potential growing interest in real estate investments possibly driven by market conditions or rental demand. Second residences have remained relatively unchanged, hinting that the area is not particularly attracting seasonal or vacation home buyers. For investors, real estate agents, and those planning to move or build in the county, understanding these occupancy dynamics can be crucial for making informed decisions, as shifts in property types could influence everything from housing demand to rental income potential and insurance risks.
Economic Outlook
Golden Valley County, North Dakota has experienced notable shifts in average taxable income, peaking at $73,953.16 in 2021 after a low of $56,403.75 in 2016. These patterns could impact investment decisions, residential migrations, and property valuations. The variations in state and local income taxes, with a low of $3,566.67 in 2014 and a high of roughly $7,755.56 in 2013, alongside fluctuating total tax liabilities that peaked at $12,057.53 in 2014, hint at economic changes that might... Read more
Average Taxable Income per Tax Return in Golden Valley County, ND over the last 9 years
Golden Valley County, North Dakota has seen notable fluctuations in average taxable income over the last nine years. From a high of $69,014.61 in 2014, there was a downturn reaching $56,403.75 in 2016, followed by a modest improvement and then a significant peak at $73,953.16 in 2021. These variations might influence investment decisions, residential migrations, and real estate valuations due to potential shifts in economic stability and income levels. For appraisers and insurance agents, understanding these income trends could be crucial for accurate property valuation and risk assessment.
Average State and Local Income Taxes Per Tax Return in Golden Valley County, ND Over the Last 6 Years
Golden Valley County, North Dakota has seen fluctuations in average state and local income taxes per tax return over the last six years, with a notable peak in 2013 at approximately $7755.56 and a low in 2014 at around $3566.67. Such variability might indicate underlying economic shifts or changes in local tax policy. This can be particularly significant for potential investors, property developers, and real estate agents trying to gauge the financial landscape and trends in the county.
Average Total Tax Liability Per Tax Return in Golden Valley County, ND Over the Last 10 Years
Golden Valley County, North Dakota has seen fluctuations in average total tax liability per tax return over the past decade. Tax liabilities peaked at approximately $12,057.53 in 2014, then experienced a significant drop to $8,288.71 by 2020 before seeing an uptick to $10,813.85 in 2021. This volatile trend could be indicative of broader economic shifts in the region, potentially affecting investment strategies, property valuations, and real estate market dynamics. Understanding these trends may be crucial for prospective homeowners, investors, appraisers, and insurance agents looking to gauge financial responsibilities and economic health in this area.
Cost of Living in Golden Valley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,488 | $1,754 | $873 | $797 |
| 1 adult 4 children | $1,005 | $1,215 | $1,340 | $873 | $926 |
| 2 adults 3 children | $1,005 | $1,216 | $1,523 | $873 | $617 |
| 1 adult 3 children | $1,005 | $992 | $1,109 | $873 | $663 |
| 2 adults 2 children | $826 | $995 | $1,291 | $796 | $574 |
| 1 adult 2 children | $826 | $743 | $877 | $796 | $535 |
| 2 adults 1 child | $826 | $786 | $1,059 | $546 | $612 |
| 1 adult 1 child | $826 | $508 | $645 | $546 | $514 |
| 2 adults | $643 | $632 | $828 | $0 | $537 |
| 1 adult | $639 | $345 | $414 | $0 | $456 |
Safety trends & Data
Golden Valley County, North Dakota, has seen low property crime rates over the past three years, including incidents of fraud, vandalism, and forgery. The most notable fluctuations were a doubling in vandalism arrests in 2022 and a slight increase in forgery and counterfeiting in 2021. This relatively low crime frequency could make the county appealing to potential investors, real estate agents, and newcomers, suggesting a stable and relatively safe... Read more
Property Crime Trends in Golden Valley County, ND Over the Last 3 Years
Golden Valley County, North Dakota, has witnessed modest occurrences of property crime over the past three years, with a notable presence of crimes such as fraud, vandalism, and forgery. Specifically, fraud and vandalism each accounted for one arrest in 2020, while forgery and counterfeiting saw a slight increase with two arrests in 2021. Vandalism arrests doubled by 2022. This relatively low frequency of property crimes might appeal to potential investors, real estate agents, and individuals considering moving to or building in the area, suggesting a stable and relatively safe environment.
Demographics
Golden Valley County, North Dakota, has an almost equal distribution of males and females in its adult population. Educational attainment shows a skew towards high school graduates and those with some college education, suggesting a potential workforce with foundational skills but possibly limited advanced degrees. The age distribution reveals a notable concentration in older demographics, particularly those aged 55 to 64, which could imply an aging population. The racial composition is... Read more
Race Distribution in Golden Valley County, North Dakota (2022)
Educational Attainment in Golden Valley County, North Dakota (2022)
Age Distribution in Golden Valley County, North Dakota
Citizen Population in Golden Valley County, North Dakota (2022)
Political Trends & Data
Golden Valley County, North Dakota, exhibits a substantial Republican leaning, with nearly 85.00% of the 2020 vote. Democrats possibly secured around 13.00%, while Libertarians and other minor parties appear to have minimal presence. This strong political preference suggests a deeply entrenched Republican base that may not see major changes... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Golden Valley County, North Dakota, may indicate a strong Republican preference, with nearly 85% of the 2020 vote possibly leaning that way. Democrats seemed to attract a smaller share, potentially capturing around 13% of votes. Libertarian and other minor parties might have garnered minimal support, suggesting limited impact on the overall voter distribution. This dominance could hint at a deeply entrenched political landscape that may not see significant shifts in the near term.
84.89% of voters voted for the Republican party in the 2020 Presidential Election
13.35% of voters voted for the Democrat party in the 2020 Presidential Election
1.56% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
Golden Valley County in North Dakota has maintained a student-to-teacher ratio between seven and nine students per teacher, consistently below the national average of fourteen. This trend suggests smaller class sizes and potentially more individualized attention for students. This could be appealing for families seeking better educational opportunities and beneficial for real estate agents targeting such families. Lower ratios might also impact school funding and resource allocation, a point of... Read more
Student-to-teacher ratio in Golden Valley County, North Dakota over the last 10 years
Golden Valley County in North Dakota has consistently maintained a student-to-teacher ratio below the national average of fourteen students per teacher over the past decade. With figures fluctuating between seven and nine students per teacher, this could suggest smaller class sizes and potentially more individualized attention for students. Such trends might be appealing for families considering relocation for better educational opportunities, as well as for real estate agents marketing properties to such families. Additionally, lower ratios might also impact school funding and resource allocation, a consideration for local policymakers and school administrators.
