LaMoure County Real Estate and Livability Trends
LaMoure County, North Dakota has seen an uptick in average taxable income, rising from $57,560.50 in 2015 to $81,126.04 by 2021, potentially indicating economic improvements. Despite significant fluctuations in state and local income taxes, peaking at $6,461.54 in 2013 and dropping to $2,600.00 in 2019, the overall tax liabilities per return have generally decreased. Median home values have risen... Read more
LaMoure County Market Trends
In LaMoure County, North Dakota, the median home values have trended upward since 2015, rising from $85,200 to $116,900 by 2022. This presents an affordable entry point compared to state and national averages, suggesting reasonable long-term investment returns. Residential energy tax credits per tax return have fluctuated significantly, with a low of $200.00 and a high of $314.29 over the past... Read more
Median Value of Occupied Housing Units in LaMoure County, North Dakota Over the Last 8 Years
In LaMoure County, North Dakota, the median home values have trended upward over the past 8 years, from $85,200 in 2015 to $116,900 in 2022. While this growth indicates a positive investment climate, home values here remain significantly lower than both the state and national averages, which reached $232,500 and $179,400 respectively in 2022. This disparity could offer a more affordable entry point for homebuyers, yet the steady appreciation also suggests LaMoure County may present reasonable long-term investment returns.
Residential Energy Tax Credit Per Tax Return in LaMoure County, ND Over the Last 5 Years
LaMoure County, North Dakota, has seen considerable fluctuations in residential energy tax credits per tax return over the past five years, ranging from a low of $200.00 in 2014 to a high of $314.29 in 2013, with 2016 and 2021 both at $300.00. This variability may reflect changes in energy efficiency investments or tax policy adjustments. For investors and property developers, understanding these trends could be key in making informed decisions about energy-efficient upgrades and their potential tax benefits. Real estate agents and appraisers might find it useful to factor in these credits when evaluating property value propositions in the area.
Average Real Estate Taxes Per Tax Return in LaMoure County, ND Over the Last 7 Years
Over the past seven years, LaMoure County, North Dakota, has seen significant fluctuations in average real estate taxes per tax return, ranging from a low of $1,330.00 in 2014 to a high of $2,533.33 in 2018. The steep rise in 2018 might signal increasing property values or adjustments in tax policies. Though the average rate saw a dip in 2014, it peaked dramatically by 2018, potentially affecting those considering investment or relocation to LaMoure County. Real estate agents, appraisers, and insurance agents might note these trends as indicative of economic shifts within the region.
Percentage of Farm Returns in LaMoure County, ND Over the Last 10 Years
Over the last 10 years, LaMoure County, North Dakota, saw farm tax returns hover around 28% to 31%. Trends show slight fluctuations but remained relatively stable, with peaks in 2013 and 2018 at approximately 30.81% and 30.65% respectively. The recent decrease in 2021 to about 27.20% may indicate changes in agricultural profitability or shifts in farm operations. For those looking to invest, build property, or settle in LaMoure County, understanding these trends could provide insights into the local agricultural economy and implications for land values and investment opportunities. Farm tax returns often reflect the financial health of the farming sector, impacting various economic factors in the region.
Number of Mortgages by Occupancy Type in LaMoure County, ND Over the Last 5 Years in LaMoure County
Over the past five years in LaMoure County, North Dakota, there's been a noticeable fluctuation in mortgage counts by occupancy type. Principal residences consistently dominate, peaking in 2021 with 102 mortgages, which might suggest strong local demand or favorable lending conditions. Investment property mortgages remain modest, never exceeding five per year, possibly indicating limited investor interest or opportunities. Second residences show minimal activity, hinting at low demand for vacation or secondary homes. These trends could influence appraisals, investment strategies, and insurance risks, offering insights for potential investors, appraisers, and real estate agents evaluating the local market dynamics.
Economic Outlook
LaMoure County, North Dakota has seen notable fluctuations in average taxable income, with a dip to $57,560.50 in 2015 and steady growth reaching $81,126.04 by 2021. This recent financial uptick may hint at economic improvements. Average state and local income taxes also varied significantly, peaking at $6,461.54 in 2013 and dropping to $2,600.00 in 2019. These trends could reflect shifting economic conditions or policy changes. Additionally, the county’s tax liabilities per tax return... Read more
Average Taxable Income per Tax Return in LaMoure County, ND over the last 9 years
From 2013 to 2021, LaMoure County, North Dakota saw notable fluctuations in average taxable income per tax return. Peaks and valleys are evident, with a dip in 2015 to $57,560.50 and steady growth afterward, hitting $81,126.04 in 2021. This recent uptick might hint at economic improvements or shifts providing new opportunities. Investors and real estate agents might find this helpful when evaluating market conditions, while appraisers and insurance agents could use this financial trend data to more accurately assess property values and risk.
Average State and Local Income Taxes Per Tax Return in LaMoure County, ND Over the Last 10 Years
LaMoure County, North Dakota, has witnessed fluctuating average state and local income taxes per tax return over the past decade. Starting at $6,031.25 in 2012, there was a notable peak in 2013 with taxes reaching approximately $6,461.54. However, a significant drop followed, bottoming out around $2,600.00 in 2019. These variations suggest shifting economic conditions or policy changes that could be critical for potential residents, investors, and real estate professionals to understand regional financial dynamics.
Average Total Tax Liability Per Tax Return in LaMoure County, ND Over the Last 10 Years
Over the past decade, LaMoure County, North Dakota has generally seen fluctuating but somewhat decreasing average total tax liabilities per tax return, reaching a peak of $13,353.70 in 2012 and a low of around $10,078.91 in 2018. This trend could suggest a shifting economic environment which might affect decisions for investors, property builders, or anyone considering a move to the area. The recent uptick in 2020 and 2021, with liabilities at $12,382.43 and $12,775.31 respectively, might hint at new economic activities or policy changes impacting tax liabilities. Real estate agents and financial planners should be aware of these dynamics when advising clients, as the tax liability figures can influence property values and living costs.
Cost of Living in LaMoure County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,391 | $1,754 | $879 | $831 |
| 1 adult 4 children | $1,174 | $1,136 | $1,340 | $879 | $980 |
| 2 adults 3 children | $1,174 | $1,137 | $1,523 | $879 | $654 |
| 1 adult 3 children | $1,174 | $928 | $1,109 | $879 | $722 |
| 2 adults 2 children | $826 | $931 | $1,291 | $789 | $557 |
| 1 adult 2 children | $826 | $695 | $877 | $789 | $517 |
| 2 adults 1 child | $826 | $735 | $1,059 | $497 | $590 |
| 1 adult 1 child | $826 | $475 | $645 | $497 | $495 |
| 2 adults | $628 | $591 | $828 | $0 | $523 |
| 1 adult | $623 | $322 | $414 | $0 | $445 |
Safety trends & Data
LaMoure County, North Dakota has seen varied property crime trends over the past five years, with noteworthy spikes in 2021. Instances of larceny-theft arrests jumped to three in 2021 from single instances in previous years, while vandalism incidents peaked at eight in 2021. Although motor vehicle theft, burglary, and fraud occurrences remain infrequent, the fluctuation in crime rates, especially the irregular rise in specific offenses, might influence real estate investment decisions,... Read more
Property Crime Trends in LaMoure County, ND Over the Last 5 Years
LaMoure County, North Dakota has experienced varied property crime trends over the past five years, with notable spikes in 2021. Arrests for larceny-theft jumped to three in 2021 from single instances in previous years. Vandalism incidents peaked at eight in 2021, markedly higher than in other years. Occurrences of motor vehicle theft, burglary, and fraud have remained infrequent but present. For those looking to move or invest, it's worth noting the fluctuation in crime rates, particularly the irregular rise in specific offenses. This varied pattern may influence decisions related to real estate investment, insurance rates, and community safety initiatives.
Demographics
LaMoure County, North Dakota exhibits a slightly higher male population compared to females. While educational levels show a higher number of high school graduates and those with some college education, the number of people with advanced degrees remains relatively low. The age distribution reveals a significant portion of the population is either under 10 years or over 55 years, indicative of both a young and aging demographic. Racial diversity appears limited, with an overwhelming majority... Read more
Race Distribution in LaMoure County, North Dakota (2022)
Educational Attainment in LaMoure County, North Dakota (2022)
Age Distribution in LaMoure County, North Dakota
Citizen Population in LaMoure County, North Dakota (2022)
Political Trends & Data
LaMoure County, North Dakota, exhibits a strong conservative tilt, as evidenced by approximately 74% of the vote going to the Republican Party in the 2020 U.S. Presidential Election. Democrats managed around 24%, and third parties barely made a dent with under 2%. This political landscape suggests that the county's policy environment likely favors conservative principles, which can influence both local governance and broader electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In LaMoure County, North Dakota, the 2020 U.S. Presidential Election results leaned heavily towards the Republican Party, which garnered approximately 74% of the vote. Democrats trailed significantly with about 24%, while the Libertarian Party and other third parties combined captured less than 2% of the vote. This distribution suggests that LaMoure County is predominantly conservative, a characteristic that can impact local policy and national elections.
74.13% of voters voted for the Republican party in the 2020 Presidential Election
23.75% of voters voted for the Democrat party in the 2020 Presidential Election
1.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lamoure County, North Dakota boasts a student-to-teacher ratio consistently below the national average of 14, ranging from 9.54 to 10.9 over the past decade. This lower ratio could attract families prioritizing quality education, educational professionals looking to make a significant impact, and investors targeting family-friendly areas. Lower ratios might serve as a selling point for realtors and appraisers when marketing homes, and can be seen as a sign of community stability and quality of... Read more
Student-to-teacher ratio in Lamoure County, North Dakota over the last 10 years
Lamoure County, North Dakota has seen its student-to-teacher ratio consistently hover below the national average of 14 students per teacher over the past decade, with values ranging from 9.54 to 10.9. This relatively low ratio might make the area appealing for families prioritizing individualized attention in education, as well as for educational professionals seeking opportunities where they can make a significant impact. Investors, real estate agents, and builders can view this as a potential plus point when targeting families looking to move to the area. Lower student-to-teacher ratios could also be a beneficial selling point for realtors and appraisers when evaluating and marketing homes. Additionally, insurance agents and prospective home buyers might consider this positive trend an indicator of community stability and quality of life.
