McKenzie County Real Estate and Livability Trends
McKenzie County, North Dakota's real estate market shows intriguing trends tied to economic fluctuations from the oil and gas sector. While average taxable incomes peaked at $155,727.38 in 2014, they later dropped to $100,818.74 by 2016, then moderately recovered to $123,909.60 in 2021. Median home values have surged from $198,400 in 2015 to $330,200 in 2022, far outpacing state and national... Read more
McKenzie County Market Trends
McKenzie County, North Dakota, has experienced a notable surge in median home values, leaping from $198,400 in 2015 to $330,200 in 2022, outpacing both state and national trends. Residential energy tax credits have shown erratic behavior, spiking to $2,050.00 in 2020 but generally trending lower in recent years. Real estate taxes, however, have largely risen, peaking at $3,600.00 in 2021, hinting... Read more
Median Value of Occupied Housing Units in McKenzie County, North Dakota Over the Last 8 Years
McKenzie County, North Dakota, has seen a substantial increase in median home values over the past 8 years, jumping from $198,400 in 2015 to $330,200 in 2022. This growth outpaces both state and national trends, with North Dakota's median home values rising from $153,800 to $232,500, and national figures climbing from $125,500 to $179,400 in the same period. This indicates that McKenzie County could offer promising investment opportunities, driven by factors possibly linked to local economic conditions or demand within the county. Buyers and investors might find the rising property values and potential returns appealing, although such trends also suggest a tightening market for new entrants.
Residential Energy Tax Credit Per Tax Return in McKenzie County, ND Over the Last 8 Years
In McKenzie County, North Dakota, the average residential energy tax credit per tax return has fluctuated significantly over the past eight years. There was a notable spike in 2015 at $1180.00 and another in 2020 reaching $2050.00. Generally, the values ranged from $333.33 to $911.11 in most other years, with an overall tendency for lower credits in more recent years, except for 2020. This volatility might be indicative of varying local policies, energy initiatives, or shifts in homeowner participation in energy-saving measures.
Average Real Estate Taxes Per Tax Return in McKenzie County, ND Over the Last 10 Years
Over the past decade, real estate taxes per tax return in McKenzie County, North Dakota, have shown noticeable fluctuations with a general upward trajectory. Starting at approximately $1,689.47 in 2012, there was a significant jump to around $1,896.23 in 2013, spiking further to about $2,285.71 in 2014. Despite a dip in 2015 ($1,987.88), the trend mostly continued upward, peaking at $3,600.00 in 2021. This trend could suggest rising property values and developmental growth in the area, which may appeal to potential investors, property developers, and real estate agents keeping an eye on property trends.
Percentage of Farm Returns in McKenzie County, ND Over the Last 10 Years
Farm tax returns in McKenzie County, North Dakota have experienced a general decline over the last decade, dipping from 13.55% in 2012 to 8.82% in 2021. This subtle yet steady decrease could signal underlying changes in local agricultural profitability or shifts in the economic landscape. For investors or those considering building property, understanding these trends is crucial as they reflect broader economic health and potential growth areas within the county. For those already living or interested in McKenzie County, this data offers insights into the evolving local economy and may inform future decisions related to agriculture and land use.
Number of Mortgages by Occupancy Type in McKenzie County, ND Over the Last 5 Years in McKenzie County
Over the last five years, McKenzie County, North Dakota has seen fluctuating mortgage counts. Principal residences consistently dominate the market, peaking notably in 2021 at 756 mortgages. Investment properties maintain a steady, though modest, presence, hovering around 35-40 mortgages per year. Second residences significantly trail behind with single-digit figures. Changes in occupancy type can indicate shifting economic dynamics, affecting potential return on investment and insurance risks. Such trends offer valuable insights for investors, real estate agents, and anyone contemplating property transactions or development in the county.
Economic Outlook
McKenzie County, North Dakota, has seen notable economic fluctuations tied to regional oil and gas developments, particularly reflected in average taxable income per tax return. The peak in 2014 at $155,727.38 was followed by a sharp decline to $100,818.74 by 2016, but a gradual recovery has been observed with 2021 figures at $123,909.60. These income trends, along with fluctuating average state and local income taxes, could be indicative of the region's economic volatility, affecting housing... Read more
Average Taxable Income per Tax Return in McKenzie County, ND over the last 9 years
McKenzie County, North Dakota, has experienced notable fluctuations in average taxable income per tax return over the past nine years. The 2014 peak of approximately $155,727.38 suggests significant economic activity, likely tied to regional oil and gas developments. However, the sharp decline to roughly $100,818.74 in 2016 indicates possible volatility in industry stability. More recent figures show a gradual recovery, with 2021 reaching around $123,909.60. For investors and real estate agents, these trends could imply varying market opportunities, while property developers might consider the associated economic risks and potential for growth.
Average State and Local Income Taxes Per Tax Return in McKenzie County, ND Over the Last 10 Years
McKenzie County, North Dakota has experienced fluctuating average state and local income taxes per tax return over the last decade, with notable peaks in 2015 ($12,953.40) and 2019 ($15,192.11). A significant dip occurred in 2017, where the average dropped to $5,512.77. The variability in tax values could suggest changing economic conditions, potentially affecting housing market stability and property valuations. Investors, appraisers, and real estate agents might find this data indicative of fluctuating financial health and an essential factor in decision-making processes.
Average Total Tax Liability Per Tax Return in McKenzie County, ND Over the Last 10 Years
McKenzie County, North Dakota, has seen significant fluctuations in average total tax liability per tax return over the past decade. The highest point was in 2014, reaching $42,001.55 but experienced a notable drop by 2016 to $22,385.11. Recent years show a stabilization with amounts around $25,333.05 in 2019 and $25,334.33 in 2021. These shifts could indicate varying economic conditions, possibly affecting investment potential, property values, and local economic stability. Real estate investors, insurance agents, and potential residents should consider these trends as indicative of broader economic health and tax-related implications in the area.
Cost of Living in McKenzie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,583 | $1,520 | $1,754 | $1,303 | $1,102 |
| 1 adult 4 children | $1,583 | $1,241 | $1,340 | $1,303 | $1,313 |
| 2 adults 3 children | $1,583 | $1,242 | $1,523 | $1,303 | $902 |
| 1 adult 3 children | $1,583 | $1,014 | $1,109 | $1,303 | $1,081 |
| 2 adults 2 children | $1,301 | $1,017 | $1,291 | $1,185 | $774 |
| 1 adult 2 children | $1,301 | $759 | $877 | $1,185 | $805 |
| 2 adults 1 child | $1,301 | $803 | $1,059 | $804 | $767 |
| 1 adult 1 child | $1,301 | $519 | $645 | $804 | $703 |
| 2 adults | $988 | $645 | $828 | $0 | $608 |
| 1 adult | $982 | $352 | $414 | $0 | $546 |
Safety trends & Data
McKenzie County, North Dakota has experienced shifts in property crime trends. Forgery and counterfeiting spiked in 2019 with 15 cases but have since dropped, implying better fraud control. Larceny theft, which was high in 2019 with 18 incidents, fell dramatically to 3 in 2022, possibly due to stronger law enforcement or community efforts. However, vandalism has stayed relatively consistent, showing a lingering area for safety... Read more
Property Crime Trends in McKenzie County, ND Over the Last 5 Years
Over the past five years, McKenzie County, North Dakota has seen varying trends in property crimes. Notably, incidents of forgery and counterfeiting peaked in 2019 with 15 recorded cases, while they significantly dropped in the subsequent years, suggesting improved fraud detection or prevention measures. Larceny theft, the most frequent crime type, showed a sharp decline from 18 cases in 2019 to just 3 in 2022, indicating possibly effective law enforcement strategies or community initiatives. Conversely, vandalism has remained relatively stable, with slight fluctuations, but no clear downward trend, highlighting a continuous area of concern for community safety and property protection.
Demographics
McKenzie County, North Dakota presents a youthful population with a substantial proportion of residents under 35, possibly pointing to a growing labor market or family-friendly environment. There are slightly more males than females in the adult population. Educational attainment shows a strong presence of high school graduates and those with some college education, yet relatively fewer hold graduate degrees. Racial diversity may seem limited, with a predominantly white population, though... Read more
Race Distribution in McKenzie County, North Dakota (2022)
Educational Attainment in McKenzie County, North Dakota (2022)
Age Distribution in McKenzie County, North Dakota
Citizen Population in McKenzie County, North Dakota (2022)
Political Trends & Data
In McKenzie County, North Dakota, the 2020 U.S. Presidential Election results leaned heavily towards the Republican party, capturing a solid majority of votes. The Democratic party managed only a modest portion, and support for Libertarians and other minor parties was nearly negligible. This pattern hints at a robust conservative inclination among the local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In McKenzie County, North Dakota, voting patterns in the 2020 U.S. Presidential Election pointed heavily towards the Republican party, which garnered a significant majority of the votes. The Democratic party, while second in the tally, received a modest share. Libertarians made a minimal impact, and there was virtually no support for the Green party or other minor parties. This distribution may suggest a strong conservative leaning within the county's electorate.
82.71% of voters voted for the Republican party in the 2020 Presidential Election
15.02% 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
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past ten years, McKenzie County, North Dakota, has seen its student-to-teacher ratio fluctuate from about 10 students per teacher in 2015 to around 14 in 2023, aligning closely with the US national average. This trend might be relevant for those assessing educational quality and community growth, given that lower ratios typically signal more personalized student attention. Additionally, shifts in these ratios could impact property values and local school funding, making it valuable... Read more
Student-to-teacher ratio in Mckenzie County, North Dakota over the last 10 years
Over the past ten years, Mckenzie County, North Dakota, has experienced fluctuations in its student-to-teacher ratio. The figures have ranged from a low of about 10 students per teacher in 2015 to a recent high of approximately 14 in 2023. While this increase suggests a growing number of students relative to teachers, it remains close to the current US national average of 14 students per teacher. Investors, potential residents, and real estate agents might find this trend notable for assessing educational quality and community development, as lower ratios often indicate more personalized attention for students. Changes in these ratios could also influence property values and local school funding, making it valuable information for appraisers and insurance agents alike.
