McHenry County Real Estate and Livability Trends
McHenry County, North Dakota's real estate market shows a modest increase in median home values from $107,700 in 2015 to $136,600 in 2022, making it an attractive option for affordable housing amid broader state and national trends. Real estate taxes have nearly doubled over the past decade, rising from $1,800.00 in 2012 to $3,133.33 in 2021, which might impact costs and potential returns. The... Read more
McHenry County Market Trends
McHenry County, North Dakota has experienced moderate growth in median home values from $107,700 in 2015 to $136,600 in 2022. This is relatively modest compared to state and national trends, suggesting the county remains an attractive option for affordable housing. Residential energy tax credits have decreased notably, from an average of $357.14 per tax return in 2013 to $200.00 in 2016, possibly... Read more
Median Value of Occupied Housing Units in McHenry County, North Dakota Over the Last 8 Years
McHenry County, North Dakota has experienced a moderate increase in median home values over the past eight years, from $107,700 in 2015 to $136,600 in 2022. While this growth may seem low compared to the state of North Dakota, where median values rose from $153,800 in 2015 to $232,500 in 2022, McHenry County still offers a more affordable entry point for those new to the housing market. Nationally, the increase is steeper, with median values escalating from $125,500 in 2015 to $179,400 in 2022, suggesting that McHenry County's housing market could be appealing for those looking to invest or find lower-cost housing options.
Residential Energy Tax Credit Per Tax Return in McHenry County, ND Over the Last 4 Years
Residential energy tax credits in McHenry County, North Dakota have notably decreased over the past four years, starting at an average of $357.14 per tax return in 2013 and dropping to $200.00 by 2016. This could suggest shifting economic conditions or changing homeowner behaviors regarding energy-efficient improvements. Such a trend may impact decisions for investors, insurers, and builders, who might consider how these diminishing credits could influence property upgrades, market values, and energy consumption patterns in the area.
Average Real Estate Taxes Per Tax Return in McHenry County, ND Over the Last 10 Years
Over the past decade, McHenry County, North Dakota has seen a steady increase in average real estate taxes per tax return, nearly doubling from $1,800.00 in 2012 to $3,133.33 in 2021. Significant jumps, particularly between 2016 and 2017, and then again from 2019 onward, suggest a growing demand for property and rising valuations. Potential investors and property builders should be aware of the upward tax trends, indicating an appreciating real estate market that could influence both costs and potential returns. Real estate agents and appraisers need to account for these increases to provide accurate market assessments and property valuations. Insurance agents might also see this as a reason to re-evaluate coverage plans for residents.
Percentage of Farm Returns in McHenry County, ND Over the Last 10 Years
McHenry County, North Dakota, has exhibited a generally steady percentage of farm tax returns over the past decade, fluctuating between 23.74% and 26.30%. This slight variation could suggest some stability in the agricultural sector, making it a notable factor for investors looking to tap into a potentially consistent market. Farm tax returns refer to the income reported by agricultural businesses and serve as a key indicator of the economic health of the farming sector. For those considering building, moving, or investing in McHenry County, understanding the steadiness in farm returns may hint at a resilient agricultural economy, which could influence real estate and business opportunities in the area.
Number of Mortgages by Occupancy Type in McHenry County, ND Over the Last 5 Years in McHenry County
McHenry County, North Dakota, has seen a stronger preference for principal residences over the last five years, with mortgage counts for such properties outpacing those for investment and second residences by a substantial margin. This trend might suggest a stable or growing community with more long-term residents than transient investors. There's a fluctuating but generally low number of mortgages for investment properties and second homes, potentially indicating limited speculative real estate activity. These changes in occupancy types can inform appraisers, investors, insurance agents, and real estate professionals about market stability, demand for local amenities, and potential areas for new developments or marketing strategies.
Economic Outlook
McHenry County, North Dakota has seen noteworthy economic indicators with average taxable income per tax return climbing from $51,627.89 in 2013 to approximately $68,311.33 in 2021. The area's fluctuating state and local income taxes peaked at $3,500.00 in 2021, following a dip to $2,305.56 in 2017, suggesting changing economic conditions or tax policies. Additionally, the average total tax liability per tax return showed significant variability, with a high of $10,106.93 in 2014, stabilizing... Read more
Average Taxable Income per Tax Return in McHenry County, ND over the last 9 years
Investors, real estate agents, and anyone considering a move to McHenry County, North Dakota might find the increasing average taxable income per tax return over the last nine years particularly noteworthy. Since 2013, when the average stood at around $51,627.89, the value has generally trended upwards, peaking at approximately $68,311.33 in 2021. This growth, albeit with some fluctuation, suggests an improving economic scenario which could potentially make the area more attractive for investment and residential development. Taxes and insurance agents might also find these details helpful for making informed decisions regarding property valuations and market predictions.
Average State and Local Income Taxes Per Tax Return in McHenry County, ND Over the Last 10 Years
McHenry County, North Dakota has seen fluctuation in its average state and local income taxes per tax return over the last decade. The figures peaked notably in 2021 at $3,500.00, following a significant dip to $2,305.56 in 2017. The data suggests variability that could impact financial planning for potential investors and property developers, with wider swings potentially indicating changing economic conditions or tax policies. Evaluating these trends can offer essential insights for those seeking to understand the financial landscape of McHenry County.
Average Total Tax Liability Per Tax Return in McHenry County, ND Over the Last 10 Years
Over the past decade, McHenry County, North Dakota has seen a fluctuating trend in average total tax liability per tax return. The highest spike occurred in 2014 with an average liability of $10,106.93, likely indicating a significant economic event or policy change during that year. Recent years show a somewhat stable pattern with 2021 averaging $9,753.05. These figures suggest varying economic conditions impacting tax liabilities, which could be crucial for real estate investors, insurance agents, and those considering building property in the area. Understanding these trends may help forecast future financial obligations and make informed decisions.
Cost of Living in McHenry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,130 | $1,456 | $1,754 | $799 | $855 |
| 1 adult 4 children | $1,130 | $1,189 | $1,340 | $799 | $1,008 |
| 2 adults 3 children | $1,130 | $1,189 | $1,523 | $799 | $671 |
| 1 adult 3 children | $1,130 | $971 | $1,109 | $799 | $741 |
| 2 adults 2 children | $826 | $974 | $1,291 | $717 | $580 |
| 1 adult 2 children | $826 | $727 | $877 | $717 | $544 |
| 2 adults 1 child | $826 | $769 | $1,059 | $449 | $614 |
| 1 adult 1 child | $826 | $497 | $645 | $449 | $515 |
| 2 adults | $721 | $618 | $828 | $0 | $577 |
| 1 adult | $715 | $337 | $414 | $0 | $500 |
Safety trends & Data
Property crime trends in McHenry County, North Dakota show notable fluctuations, with fraud incidents peaking at 17.0 in 2021 before dropping to 3.0 in 2022. Burglary cases varied significantly too, from 7.0 in 2022 to just 1.0 in 2019 and 2020. Motor vehicle thefts, however, held steady at around 2.0 incidents annually. These changing yet generally modest crime stats could influence property investment decisions and insurance evaluations, pointing to a mixed but manageable risk... Read more
Property Crime Trends in McHenry County, ND Over the Last 5 Years
Property crime trends in McHenry County, North Dakota over the last five years indicate variable shifts across different crime categories, causing potential interest or concern for future residents and investors. Notably, the number of fraud incidents spiked to 17.0 in 2021, compared to a more modest 3.0 in 2022. Burglary incidents also fluctuated, reaching as high as 7.0 in 2022 from as low as 1.0 in 2019 and 2020. Motor vehicle thefts remained relatively consistent, averaging around 2.0 incidents per year. For those contemplating property investments or analyzing the area for insurance purposes, these figures suggest a mixed yet manageable risk profile.
Demographics
McHenry County, North Dakota, reveals intriguing demographic patterns. The adult gender distribution leans slightly towards males, with a near balance. Education levels exhibit a solid high school completion rate, though a significant proportion of residents have some college experience but no degree. Age-wise, the population skews older, with notable segments in the 55 to 64 and 65 to 74 age brackets. Racially, the area is predominantly white, with minimal representation from other races,... Read more
Race Distribution in McHenry County, North Dakota (2022)
Educational Attainment in McHenry County, North Dakota (2022)
Age Distribution in McHenry County, North Dakota
Citizen Population in McHenry County, North Dakota (2022)
Political Trends & Data
In McHenry County, North Dakota, the 2020 U.S. Presidential Election revealed a robust Republican tilt with nearly 79% backing their candidate. Democrats, by contrast, attracted just around 19% of votes, with minor parties drawing scant interest. This predominant conservative stance could shape political campaign strategies and policy focus moving forward, reflecting the county's underlying... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In McHenry County, North Dakota, the 2020 U.S. Presidential Election vote distribution hints at a strong Republican preference with their candidate reportedly receiving close to 79% of the votes. Democrats trailed significantly, presumably securing around 19%. Meanwhile, Libertarians and other minor parties gathered minimal support, suggesting limited local appeal. These trends perhaps underscore the county's conservative leanings, which could influence future political campaigns and policy priorities in the area.
78.72% of voters voted for the Republican party in the 2020 Presidential Election
18.78% of voters voted for the Democrat party in the 2020 Presidential Election
2.26% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
McHenry County, North Dakota has maintained a student-to-teacher ratio of about 10 students per teacher, consistently below the national average of 14. This suggests smaller class sizes and possibly more individualized attention, making it an appealing factor for families and real estate investors. Smaller class sizes might enhance community stability and positively impact property values, a crucial detail for appraisers and insurance... Read more
Student-to-teacher ratio in Mchenry County, North Dakota over the last 10 years
Over the past decade, McHenry County, North Dakota has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher. Hovering around 10 students per teacher, with a slight downward trend, this could suggest smaller class sizes and potentially more individualized attention for students. For investors, real estate agents, and families considering moving, this lower ratio might hint at a more personalized educational environment, which can be a positive selling point. Additionally, appraisers and insurance agents might find this data valuable as it could influence community stability and property values.
