Grant County Real Estate and Livability Trends
Grant County, North Dakota’s fluctuating average taxable income, swinging from $44,440.74 in 2015 to $54,457.69 in 2021, gives a fluctuating economic landscape that could influence real estate investment and financial planning. Median home values climbed to $88,800 in 2022 from $75,600 in 2020, portraying an affordable market compared to wider benchmarks. Likewise, property taxes have also seen... Read more
Grant County Market Trends
Grant County, North Dakota's median home values hit $88,800 in 2022, climbing back from $75,600 in 2020, offering a more affordable option compared to the state and national medians. Real estate taxes have seen considerable fluctuations, dropping to $833.33 in 2015 before bouncing to $1,033.33 in 2017, possibly indicating shifts in property values and local policies. The percentage of farm tax... Read more
Median Value of Occupied Housing Units in Grant County, North Dakota Over the Last 8 Years
Grant County, North Dakota's median home values have shown some fluctuations over the past eight years, with a peak at $88,800 in 2022, after dipping to $75,600 in 2020. When compared to North Dakota’s state median values, which rose steadily to reach $232,500 in 2022, and the national median values hitting $179,400 the same year, it appears that Grant County offers relatively affordable housing options. This affordability could be appealing for investors or those looking to relocate, especially given the less steep trajectory in home value changes compared to broader state and national trends.
Average Real Estate Taxes Per Tax Return in Grant County, ND Over the Last 6 Years
Real estate taxes in Grant County, North Dakota have fluctuated over the last six years, with an initial average of $1,357.14 in 2012 dropping to a low of $833.33 by 2015 before partially rebounding to $1,033.33 in 2017. This variability could reflect changing property values, local government fiscal policies, or shifts in the tax base, and might interest prospective investors or homeowners looking for cost-effective options. Additionally, insurance agents and appraisers may use this data to better understand the trends and potential risk evaluations.
Percentage of Farm Returns in Grant County, ND Over the Last 10 Years
Grant County, North Dakota has seen a subtle decline in the percentage of farm tax returns over the last decade, starting from around 40.18% in 2012 and ending at approximately 36.92% in 2021. Farm tax returns indicate the amount of agricultural activity reported for tax purposes, reflecting both economic viability and land use within the county. For investors, developers, and new residents, this may suggest shifting economic trends and land utilization patterns, offering insights into rural economic stability and potential growth areas.
Number of Mortgages by Occupancy Type in Grant County, ND Over the Last 5 Years in Grant County
Over the past five years, Grant County, North Dakota has seen a stable but selective increase in the number of principal residence mortgages, peaking from 27 in 2018 to 51 in 2021, before slightly decreasing to 34 in 2022. Meanwhile, the number of mortgages for investment properties and second residences has remained relatively low and fluctuates minimally. Such shifts in mortgage occupancy types could indicate varying levels of residential growth and investor interest, important data points for those considering investments, new builds, or offering services in this region. Understanding these trends helps real estate agents, appraisers, and insurance agents gauge the market conditions and predict future demands more accurately.
Economic Outlook
Grant County, North Dakota has seen considerable fluctuations in average taxable income, peaking at $44,440.74 in 2015 before dropping to $32,813.08 in 2019, and then rising significantly to $54,457.69 by 2021. These income changes likely impact real estate trends, local investments, and financial planning. Average state and local income taxes have also varied, reflecting potential shifts in economic conditions—from a low of approximately $1,620.00 in 2015 to a spike of $2,766.67 in 2016.... Read more
Average Taxable Income per Tax Return in Grant County, ND over the last 9 years
Over the past nine years, Grant County, North Dakota has experienced some notable fluctuations in taxable income. After a peak at $44,440.74 in 2015, there was a decline, reaching a low of $32,813.08 in 2019. However, by 2021, the average taxable income saw a significant rise to $54,457.69. Real estate trends and local investment opportunities could be influenced by these income shifts, while insurance rates and tax policies may also fluctuate accordingly. This data is essential for financial planning and property valuation in the area.
Average State and Local Income Taxes Per Tax Return in Grant County, ND Over the Last 6 Years
Over the past six years, Grant County, North Dakota has seen fluctuations in average state and local income taxes per tax return. Starting at approximately $3,083.33 in 2012, there's been a noticeable decline, bottoming out around $1,620.00 in 2015. However, there was a spike to $2,766.67 in 2016 before dropping to about $2,100.00 in 2017. This volatility in tax rates potentially indicates varying economic conditions and could be a critical factor for investors, appraisers, insurance agents, and real estate agents when considering financial planning and valuation in the area.
Average Total Tax Liability Per Tax Return in Grant County, ND Over the Last 10 Years
Over the past decade, Grant County, North Dakota, has seen fluctuations in average total tax liability per return, indicating a dynamic economic landscape. Notably, 2021 marked the highest average at $9,063.75, which could hint at increased earnings or property values. The dip in 2018 and 2019 suggests a possible economic downturn or tax policy changes affecting residents. Investors, appraisers, and real estate agents should consider these variances as they reflect the region's financial health and potential growth or risk areas for development and property investments.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,395 | $1,754 | $750 | $837 |
| 1 adult 4 children | $1,174 | $1,140 | $1,340 | $750 | $988 |
| 2 adults 3 children | $1,174 | $1,140 | $1,523 | $750 | $658 |
| 1 adult 3 children | $1,174 | $931 | $1,109 | $750 | $724 |
| 2 adults 2 children | $826 | $933 | $1,291 | $684 | $561 |
| 2 adults 1 child | $826 | $738 | $1,059 | $470 | $607 |
| 1 adult 2 children | $826 | $697 | $877 | $684 | $520 |
| 1 adult 1 child | $826 | $476 | $645 | $470 | $508 |
| 2 adults | $636 | $593 | $828 | $0 | $543 |
| 1 adult | $631 | $323 | $414 | $0 | $457 |
Safety trends & Data
Grant County, North Dakota's property crime landscape over the past four years shows minimal occurrences, with sporadic cases of arson, burglary, and vandalism, and single incidents of larceny-theft and fraud. This infrequent crime activity might suggest relatively low crime rates, potentially appealing to investors or... Read more
Property Crime Trends in Grant County, ND Over the Last 4 Years
Grant County, North Dakota's property crime landscape presents a mixed picture over the past four years. Arson and burglary registered minimal occurrences, with one and two cases respectively in 2018, while vandalism saw two instances in 2019. Larceny-theft and fraud each reported a single incident in 2020, suggesting occasional but infrequent crime activity. Such sporadic trends might indicate relatively low crime rates in the area, which could be appealing for potential investors or residents, despite the intermittent nature of property crimes.
Demographics
Grant County, North Dakota shows a fairly balanced gender distribution with a slight male majority. The educational landscape reveals a community where high school graduates and those with some college education make up the majority, while advanced degree holders are relatively few. The population's age distribution tends to skew older, with significant numbers in the 55+ age range, hinting at a potentially aging community. Racially, the county is predominantly White, with very minimal... Read more
Race Distribution in Grant County, North Dakota (2022)
Educational Attainment in Grant County, North Dakota (2022)
Age Distribution in Grant County, North Dakota
Citizen Population in Grant County, North Dakota (2022)
Political Trends & Data
Grant County, North Dakota, displayed a clear conservative stronghold in the 2020 U.S. Presidential Election, with approximately 83.00% of the vote going to Republican candidates. The Democratic candidates received around 15.00%, and the Libertarians attracted just over 2.00%, suggesting a robust Republican base and minimal support for third parties. This might hint at an electorate inclined towards traditional conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grant County, North Dakota, showed a strong preference for Republican candidates in the 2020 U.S. Presidential Election, with nearly 83 percent of the vote. In comparison, the Democratic share was significantly lower, hovering around 15 percent. Libertarian votes were minimal, making up just over 2 percent, while other parties barely registered. These results could indicate a solid conservative leaning among the electorate in this county.
82.91% of voters voted for the Republican party in the 2020 Presidential Election
14.99% of voters voted for the Democrat party in the 2020 Presidential Election
2.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grant County, North Dakota has had a student-to-teacher ratio ranging from 7 to 11 over the past decade, which is considerably below the U.S. national average of 14 students per teacher. This could indicate more personalized attention in schools, making the area possibly attractive to families prioritizing education. Real estate professionals might view this as a stable and appealing market for educational investment, while insurance agents and appraisers might find this data useful in property... Read more
Student-to-teacher ratio in Grant County, North Dakota over the last 10 years
Over the past decade, Grant County, North Dakota, has seen its student-to-teacher ratio fluctuate between 7 and 11 students per teacher. Despite these changes, ratios here remain well below the current U.S. national average of 14 students per teacher. This lower ratio could imply more individualized attention for students, making the area potentially attractive to families prioritizing education. For real estate agents and investors, these figures might suggest a stable and appealing environment for educational investment. Meanwhile, insurance agents and appraisers may find this data useful when assessing property values, as lower student-to-teacher ratios are often associated with higher community investment in education.
