McLean County Real Estate and Livability Trends
McLean County, North Dakota, has seen a notable uptick in average taxable income, rising from $63,085.89 in 2013 to $84,003.28 in 2021, potentially drawing investor interest and driving property value increases. Median home values have surged from $130,500 in 2015 to $222,100 in 2022, surpassing national and state averages. The student-to-teacher ratio remains impressively low at around 9,... Read more
McLean County Market Trends
Median home values in McLean County, North Dakota, have surged from $130,500 in 2015 to $222,100 in 2022, outpacing national and state averages. Real estate taxes also show an upward trajectory, peaking at $3,963.64 in 2019, indicating rising fiscal responsibilities for property owners. Fluctuating residential energy tax credits, from a high of $707.69 in 2014 to $500.00 in 2021, highlight an... Read more
Median Value of Occupied Housing Units in McLean County, North Dakota Over the Last 8 Years
Median home values in McLean County, North Dakota have shown a significant upward trend over the past 8 years, increasing from $130,500 in 2015 to $222,100 in 2022. This growth outpaces both the national and state averages, with the U.S. median home value rising from $125,500 to $179,400 and North Dakota’s from $153,800 to $232,500 in the same period. For potential investors, homeowners, and developers in McLean County, this marked increase suggests robust local demand and an appreciating market, making it a compelling area to consider for real estate opportunities.
Residential Energy Tax Credit Per Tax Return in McLean County, ND Over the Last 8 Years
McLean County, North Dakota has experienced fluctuating averages in residential energy tax credits per tax return over the past eight years. The peak was in 2014 at an estimated $707.69, but significantly dropped in the following years, reaching as low as $266.67 in 2017. Despite a slight recovery to $500.00 in 2021, the inconsistencies suggest a volatile investment landscape for those seeking energy efficiency initiatives. This variability can be quite impactful for investors, developers, and insurance agents evaluating financial incentives and potential savings in the region.
Average Real Estate Taxes Per Tax Return in McLean County, ND Over the Last 10 Years
Over the past decade in McLean County, North Dakota, average real estate taxes per tax return have seen a noticeable upward trend. Starting at $1,874.51 in 2012, taxes have fluctuated but generally increased, peaking at $3,963.64 in 2019 before slightly stabilizing around $3,850.00 by 2021. For potential investors and property developers, this suggests increasing fiscal responsibilities tied to property ownership, indicative of potential property value appreciation or rising county budget needs. This is crucial for appraisers and real estate agents to consider when assessing long-term investment viability and for insurance agents when determining coverage costs.
Percentage of Farm Returns in McLean County, ND Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in McLean County, North Dakota has hovered around 16% to 17%, with some fluctuations. The data shows peaks in 2012 and 2018 at approximately 17.02% and 16.92%, respectively, while the lowest point was in 2020 at around 15.92%. Farm tax returns are reports filed with the government that detail the financial status of farming operations, which can indicate the profitability and economic health of the agricultural sector. These trends could be significant for those considering investing in local agriculture, building property, or relocating to McLean County, as they suggest relatively stable farming activity despite minor year-to-year variations.
Number of Mortgages by Occupancy Type in McLean County, ND Over the Last 5 Years in McLean County
In McLean County, North Dakota, mortgage counts for principal residences have seen significant fluctuations, peaking in 2021 with 405 issued, while investment properties and second residences have maintained more modest numbers, with investment properties never exceeding 15 mortgages annually. Changes in occupancy type are important because they reflect shifting housing demands and economic conditions. Investors might note stable or decreasing investment property mortgages indicating potentially saturated markets or less aggressive investment climates. For real estate agents and appraisers, the robust activity in principal residences suggests healthy buyer interest, potentially driving up property values. Insurers and builders can use this data to assess risk and demand dynamics, helping in policy adjustments or new project planning.
Economic Outlook
McLean County, North Dakota, has experienced a notable increase in average taxable income per tax return, jumping from $63,085.89 in 2013 to $84,003.28 in 2021. This rise could signal growing affluence, potentially attracting investors and boosting property values. Concurrently, state and local income taxes peaked in 2013 at $3,241.18, dipped by 2017, and rose again to $4,609.09 by 2021, possibly indicating shifts in fiscal policies or economic conditions. The average total tax liability also... Read more
Average Taxable Income per Tax Return in McLean County, ND over the last 9 years
McLean County, North Dakota has seen a significant increase in average taxable income per tax return over the past nine years, rising from approximately $63,085.89 in 2013 to around $84,003.28 in 2021. This upward trend suggests a growing affluence that may attract investors, real estate agents, and property builders looking for prosperous areas. Such financial growth could also imply higher property values and increased demand, making it potentially lucrative for insurance agents and appraisers. For residents, this progression might reflect positively on the local economy's vitality.
Average State and Local Income Taxes Per Tax Return in McLean County, ND Over the Last 10 Years
McLean County, North Dakota has seen fluctuating average state and local income taxes per tax return over the past decade. After a peak in 2013 at approximately $3,241.18, there was a notable decline reaching around $2,381.82 by 2017. However, the following years experienced a steady increase, culminating in a high of roughly $4,609.09 by 2021. These shifts could potentially signal changes in the county’s fiscal policies, economic conditions, or demographic adjustments, important factors for investors, property developers, real estate agents, and potential new residents to consider.
Average Total Tax Liability Per Tax Return in McLean County, ND Over the Last 10 Years
McLean County, North Dakota has seen varying trends in average total tax liability per tax return over the past decade. Notably, there was a significant increase from 2014, peaking in 2021 at $13,536.32. These fluctuations might reflect economic changes or adjustments in tax policy, relevant for investors or homeowners evaluating local fiscal stability. Real estate professionals, appraisers, and insurance agents may find these figures useful for contextualizing property values and investment risks.
Cost of Living in McLean County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,151 | $1,395 | $1,754 | $871 | $808 |
| 1 adult 4 children | $1,151 | $1,140 | $1,340 | $871 | $949 |
| 2 adults 3 children | $1,151 | $1,140 | $1,523 | $871 | $633 |
| 1 adult 3 children | $1,151 | $931 | $1,109 | $871 | $694 |
| 2 adults 2 children | $826 | $933 | $1,291 | $782 | $548 |
| 1 adult 2 children | $826 | $697 | $877 | $782 | $505 |
| 2 adults 1 child | $826 | $738 | $1,059 | $493 | $582 |
| 1 adult 1 child | $826 | $476 | $645 | $493 | $488 |
| 2 adults | $628 | $593 | $828 | $0 | $517 |
| 1 adult | $623 | $323 | $414 | $0 | $441 |
Safety trends & Data
Property crime in McLean County, North Dakota, has shown notable fluctuations over the past five years. Larceny-theft incidents notably more than doubled from 6 in 2018 to 14 in 2022, while fraud cases spiked significantly between 2019 and 2020 from 7 to 19, before dropping to 11 in 2022. Motor vehicle theft also gradually increased, peaking at 5 in 2022. Vandalism and stolen property offenses initially spiked around 2019 and 2020 but have since varied. These crime rate fluctuations could be... Read more
Property Crime Trends in McLean County, ND Over the Last 5 Years
Property crime in McLean County, North Dakota, has seen fluctuations over the past five years, with certain categories experiencing notable changes. Larceny-theft incidents, relatively stable early on, more than doubled from 6 in 2018 to 14 in 2022. Meanwhile, fraud cases spiked significantly between 2019 and 2020, jumping from 7 to 19, before slightly declining to 11 in 2022. Motor vehicle theft has gradually increased, reaching a peak of 5 in 2022. Interestingly, there was an initial uptick in vandalism and stolen property offenses around 2019 and 2020, but these numbers have since varied, which could imply a shifting focus in crime trends. These fluctuations in property crime rates may be pivotal for investors, real estate agents, and insurance professionals assessing risk and opportunity in the area.
Demographics
McLean County, North Dakota appears to have a somewhat balanced gender demographic, with a slight male majority. The educational attainment levels show a strong leaning towards high school graduates, with decent proportions pursuing higher education. Age distribution hints at a relatively aging population, which might influence local healthcare and retirement services. The racial diversity is quite limited, predominantly white, with small representations from other racial groups, potentially... Read more
Race Distribution in McLean County, North Dakota (2022)
Educational Attainment in McLean County, North Dakota (2022)
Age Distribution in McLean County, North Dakota
Citizen Population in McLean County, North Dakota (2022)
Political Trends & Data
In McLean County, North Dakota, the 2020 U.S. Presidential Election likely indicated a strong Republican leaning, with approximately 76% of the vote going to the Republican candidate. Democrats seemed to secure around 22% of the vote, and minor parties, including the Libertarians, captured just over 1%. This voting pattern suggests a predominantly conservative area, yet the presence of votes for other parties hints at some political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In McLean County, North Dakota, the 2020 U.S. Presidential Election possibly reflected a strong Republican preference, with around 76% of the votes leaning towards the Republican candidate. Democrats appeared to capture roughly 22% of the vote, while minor parties such as the Libertarians garnered just over 1%. These trends suggest the county might be predominantly conservative, though the presence of votes for other parties indicates some level of political diversity.
75.83% of voters voted for the Republican party in the 2020 Presidential Election
22.22% of voters voted for the Democrat party in the 2020 Presidential Election
1.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Mclean County, North Dakota, the student-to-teacher ratio has remained consistently low at around 9 students per teacher, even dipping to 10 in 2018, compared to the national average of 14. This smaller class size could be a significant selling point, reflecting quality education and increased engagement. For families moving in, property investors, or real estate agents, this trend could be appealing, indicating strong community investment in education. Appraisers and insurance agents might... Read more
Student-to-teacher ratio in Mclean County, North Dakota over the last 10 years
The student-to-teacher ratio in Mclean County, North Dakota has consistently hovered around 9 students per teacher over the past decade, peaking slightly at 10 in 2018. Compared to the national average of 14 students per teacher, this low ratio might suggest smaller class sizes, potentially allowing for more individualized attention and engagement in the classroom. For families considering a move, investors in educational facilities, or real estate agents marketing properties in the area, this can often be seen as a positive indicator of educational quality. Additionally, appraisers and insurance agents may find that this low ratio correlates with community investment in education and stability, which can be informative when evaluating property values and risk.
