Grand Forks County Real Estate and Livability Trends
In Grand Forks County, North Dakota, the average taxable income spiked to $83,109.44 in 2021, highlighting possible economic growth. State and local income taxes rose sharply between 2017 and 2019, which might be reshaping market dynamics. Median home values jumped from $160,600 in 2015 to $235,400 in 2022, suggesting strong real estate demand. Additionally, increased residential energy tax... Read more
Grand Forks County Market Trends
In Grand Forks County, North Dakota, median home values have surged from $160,600 in 2015 to $235,400 in 2022, frequently outpacing both state and national trends. This could signify a robust local economy and rising real estate demand. Average residential energy tax credits have fluctuated, with peaks suggesting a growing investment in energy-efficient home improvements, potentially increasing... Read more
Median Value of Occupied Housing Units in Grand Forks County, North Dakota Over the Last 8 Years
Over the past eight years, Grand Forks County, North Dakota, has experienced a consistent rise in median home values, moving from $160,600 in 2015 to $235,400 in 2022. This local growth trend often outpaces both state and national levels, with North Dakota's median rising from $153,800 to $232,500 and U.S. figures growing from $125,500 to $179,400 in the same period. For potential investors or residents, this upward trajectory in housing prices could suggest a robust local economy and heightened real estate demand in Grand Forks County.
Residential Energy Tax Credit Per Tax Return in Grand Forks County, ND Over the Last 8 Years
Average residential energy tax credits in Grand Forks County, North Dakota have shown fluctuations over the past eight years, with notable peaks in 2014 at $363.79 and 2021 at $465.38. Despite some declines, such as 2020's $314.29, the overall trend suggests residents are increasingly investing in energy-efficient home improvements. This could signal opportunities for investors and real estate agents to highlight energy-efficient homes as a selling point, while also influencing appraisers and insurance agents to consider the potential impact of energy-saving upgrades on property values.
Average Real Estate Taxes Per Tax Return in Grand Forks County, ND Over the Last 10 Years
Grand Forks County, North Dakota, has experienced a notable increase in average real estate taxes per tax return over the past decade. Starting at approximately $4,038.03 in 2012, the figure has risen steadily, reaching around $7,006.90 by 2021. This upward trend suggests growing property values and possibly increased municipal investments, which could be of interest to investors, appraisers, and real estate agents. Prospective residents and those involved in property development may find this trend indicative of a competitive and potentially lucrative market.
Percentage of Farm Returns in Grand Forks County, ND Over the Last 10 Years
In the past decade, Grand Forks County, North Dakota has seen its percentage of farm tax returns hover between 2.31% and 2.68%. These figures hint at a relatively steady involvement of agricultural businesses in the local economy. Farm tax returns, in this context, are essentially the tax filings from agricultural operations within the county. They offer valuable insight into the health and stability of farming as a sector, which can be crucial for investors considering agricultural ventures, individuals looking to move into a region with strong rural roots, or developers planning new projects. While there's a slight dip from 2018 to 2019, the percentages have mostly rebounded, suggesting some degree of resilience in the local agriculture industry.
Number of Mortgages by Occupancy Type in Grand Forks County, ND Over the Last 5 Years in Grand Forks County
In Grand Forks County, North Dakota, the number of mortgages for principal residences has generally fluctuated, peaking in 2020 at 3681 and subsequently dropping to 1977 in 2022. Investment properties saw a slight decline from 238 in 2021 to 174 in 2022. Mortgages for second residences remain consistently low, with 41 in 2021 decreasing to 16 in 2022. Shifts in the type of occupancy can indicate changes in the local real estate market dynamics, hinting at economic factors, demographic changes, and affect property values and risk assessments. This is crucial for potential investors, real estate developers, and insurance agents looking to understand market stability and future opportunities.
Economic Outlook
In Grand Forks County, North Dakota, the average taxable income per tax return has been on the rise, with a notable spike to $83,109.44 in 2021, suggesting economic growth and potentially attractive opportunities for investors and real estate professionals. Alongside this, state and local income taxes surged from $4,778.98 in 2017 to $9,555.20 in 2019, possibly affecting market dynamics. Average total tax liability increased steadily over the past decade, peaking at $13,908.93 in 2021,... Read more
Average Taxable Income per Tax Return in Grand Forks County, ND over the last 9 years
Grand Forks County has seen a consistent rise in average taxable income per tax return over the past nine years, with a noticeable jump in 2021 to $83,109.44. This upward trend, particularly the significant increase from 2018 onward, may indicate growing economic prosperity or demographic shifts. For investors, insurance agents, and real estate professionals, these changes are key indicators of the area's evolving market dynamics and potential for growth.
Average State and Local Income Taxes Per Tax Return in Grand Forks County, ND Over the Last 10 Years
The trend in Grand Forks County, North Dakota shows fluctuating average state and local income taxes per tax return over the past decade, with a notable surge starting in 2018. Values spiked from $4,778.98 in 2017 to $7,841.94 in 2018 and continued to climb to $9,555.20 by 2019. This uptick might impact property and real estate markets, posing considerations for potential buyers, investors, appraisers, and insurance agents evaluating the area's economic trends and fiscal policies.
Average Total Tax Liability Per Tax Return in Grand Forks County, ND Over the Last 10 Years
Grand Forks County, North Dakota has seen a gradual increase in the average total tax liability per tax return over the past decade. Starting at approximately $10,513.76 in 2012, it steadily climbed to around $11,536.15 in 2016. Despite a brief dip in subsequent years, the tax liability peaked significantly at $13,908.93 in 2021. This trend might be indicative of rising incomes or changes in tax policies, a crucial consideration for potential investors, real estate agents, and anyone looking to move or build property in the area.
Cost of Living in Grand Forks County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,301 | $1,492 | $1,765 | $1,270 | $881 |
| 1 adult 4 children | $1,301 | $1,218 | $1,357 | $1,270 | $1,032 |
| 2 adults 3 children | $1,301 | $1,219 | $1,528 | $1,270 | $698 |
| 1 adult 3 children | $1,301 | $995 | $1,120 | $1,270 | $781 |
| 2 adults 2 children | $915 | $998 | $1,290 | $1,167 | $582 |
| 1 adult 2 children | $915 | $745 | $882 | $1,167 | $547 |
| 2 adults 1 child | $915 | $789 | $1,053 | $833 | $608 |
| 1 adult 1 child | $915 | $509 | $645 | $833 | $516 |
| 2 adults | $722 | $633 | $816 | $0 | $483 |
| 1 adult | $703 | $346 | $408 | $0 | $414 |
Safety trends & Data
Property crime trends in Grand Forks County, North Dakota, show fluctuating patterns over the past five years. In 2022, "Larceny - Theft" incidents nearly doubled from 163 in 2020 to 343, and "Burglary" occurrences increased to 64, indicating a possible rise in break-ins. Meanwhile, "Motor Vehicle Theft" and "Vandalism" have stayed relatively steady. These shifts may influence insurance premiums and property values, making it essential for real estate professionals and investors to stay... Read more
Property Crime Trends in Grand Forks County, ND Over the Last 5 Years
Analyzing the property crime trends in Grand Forks County, North Dakota over the past five years reveals a fluctuating landscape. 2022 witnessed a significant spike in "Larceny - Theft" incidents reaching 343, compared to just 163 in 2020. "Burglary" also saw a notable increase in 2022 with 64 occurrences, indicating a potential uptick in break-ins. Conversely, categories such as "Motor Vehicle Theft" and "Vandalism" have remained relatively constant, suggesting some stability in these areas. This data could imply evolving crime patterns, impacting insurance premiums and property appraisals, which real estate professionals and prospective investors should closely monitor.
Demographics
In Grand Forks County, North Dakota, the adult population is relatively balanced with a slight male majority. Educational attainment levels are varied, highlighting a significant portion with some college education but no degree and a notable percentage of bachelor’s degree holders. The age distribution reveals a concentration of young adults, particularly those aged 20 to 34, hinting at a vibrant, youthful demographic possibly due to educational institutions or job opportunities. Racially,... Read more
Race Distribution in Grand Forks County, North Dakota (2022)
Educational Attainment in Grand Forks County, North Dakota (2022)
Age Distribution in Grand Forks County, North Dakota
Citizen Population in Grand Forks County, North Dakota (2022)
Political Trends & Data
In Grand Forks County, North Dakota, the 2020 U.S. Presidential Election saw a notable preference for the Republican candidate, who captured just over 54% of the vote. The Democratic candidate possibly garnered around 41.6%, showing significant, though not overwhelming, support. A minor impact from the Libertarian Party, with nearly 3% of the vote, and less than 1% for other parties and independent candidates, reflects a potential conservative leaning in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grand Forks County in North Dakota displayed a notable preference for the Republican candidate in the 2020 U.S. Presidential Election, capturing just over 54% of the vote. The Democratic candidate possibly garnered around 41.6%, indicating a significant, though not overwhelming, level of support. The Libertarian Party also made a minor impact, with nearly 3% of the total vote, whereas other parties and independent candidates collectively may have attracted less than 1%. This trend highlights a potential leaning towards conservative choices in this county.
54.85% of voters voted for the Republican party in the 2020 Presidential Election
41.59% of voters voted for the Democrat party in the 2020 Presidential Election
2.82% of voters voted for the Livertarian party in the 2020 Presidential Election
0.74% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grand Forks County, North Dakota, has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher over the past decade. With fluctuations between 11.26 in 2014 and 2019 and a low of 10.79 in 2016 and 2021, this low ratio suggests more individualized attention in classrooms. Such trends could appeal to parents and educators and serve as a key consideration for investors and real estate agents evaluating the area's attractiveness for potential... Read more
Student-to-teacher ratio in Grand Forks County, North Dakota over the last 10 years
Grand Forks County, North Dakota has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher over the past decade. The ratio has fluctuated slightly, with a high of 11.26 in 2014 and 2019, and a low of 10.79 in 2016 and 2021. This relatively low ratio may be appealing to parents and educators looking for more individualized attention in classrooms, and it could also be a key factor for investors and real estate agents to consider when evaluating the attractiveness of the area for potential residents. This trend could signal a stable and supportive educational environment that favors smaller class sizes.
