Mercer County Real Estate and Livability Trends
Mercer County, North Dakota's real estate market is showing some intriguing trends. Median home values have risen from $136,600 in 2015 to $192,000 in 2022, suggesting increasing property values. Average total tax liability per tax return climbed from $9,280.29 in 2012 to $13,573.23 in 2021, indicating rising financial obligations. Real estate taxes per tax return also jumped from $2,057.89 in... Read more
Mercer County Market Trends
Mercer County, North Dakota's median home values surged from $136,600 in 2015 to $192,000 in 2022, outpacing national but trailing state-level growth, suggesting possible affordability for investors. Fluctuating residential energy tax credits, peaking at $566.67 in 2013 and hitting lows of $266.67 in 2019, could hint at variable investment in energy-efficient upgrades. Real estate taxes per tax... Read more
Median Value of Occupied Housing Units in Mercer County, North Dakota Over the Last 8 Years
Mercer County, North Dakota's median home values have displayed pronounced growth over the last eight years, starting at $136,600 in 2015 and hitting $192,000 in 2022. Notably, this increase outpaces the national median, which was $125,500 in 2015 and rose to $179,400 in 2022. At the state level, North Dakota's median home values started higher at $153,800 in 2015 and increased to $232,500 by 2022, indicating Mercer County, while experiencing growth, still trails the state average. This trend suggests Mercer County may present a more affordable investment opportunity within an appreciating market, offering potential for value growth.
Residential Energy Tax Credit Per Tax Return in Mercer County, ND Over the Last 7 Years
Mercer County, North Dakota, has seen fluctuating average residential energy tax credits per tax return over the last seven years. The highest average was around $566.67 in 2013, while the lowest dropped to approximately $266.67 in 2019. Notably, there was a surge to roughly $360.00 in 2021. For investors and real estate agents, these trends might indicate varying levels of investment in energy-efficient home improvements or changes in tax incentive structures over the years. Builders and insurers might also find this data useful for understanding the attention given to energy efficiency in the local residential market.
Average Real Estate Taxes Per Tax Return in Mercer County, ND Over the Last 10 Years
Over the last decade, Mercer County, North Dakota has seen a notable increase in average real estate taxes per tax return, climbing from around $2,057.89 in 2012 to about $3,866.67 in 2021. This steady rise may reflect the county's evolving economic landscape or property value escalation, making it a key consideration for potential investors and real estate agents. Despite some fluctuations, the overall trend suggests growing fiscal obligations for homeowners, which could influence appraisals and insurance premiums. As these costs mount, those interested in building or buying property in Mercer County should weigh these financial factors carefully.
Percentage of Farm Returns in Mercer County, ND Over the Last 10 Years
Mercer County, North Dakota, has seen slight fluctuations in the percentage of farm tax returns over the years, hovering between 9.72% and 11.57%. Such tax returns, filed by farm owners, indicate trends in agricultural investment and land use, significant for potential investors and property developers eyeing rural ventures. These percentages also reflect broader economic conditions impacting the farming community, noteworthy for those considering living or investing in Mercer County.
Number of Mortgages by Occupancy Type in Mercer County, ND Over the Last 5 Years in Mercer County
Mercer County, North Dakota has shown variable trends in mortgage counts over the past five years. Investment properties saw a notable increase in 2022 to 20 mortgages, up from 9 in 2020. Principal residences fluctuated, peaking at 337 in 2021 and then dropping to 204 in 2022. Second residences have remained relatively stable but saw a slight dip in 2022. These shifts in occupancy type can significantly influence the local real estate market, affecting property values, demand for rental units, and even community investment. For investors and developers, understanding these nuances might offer insights into emerging opportunities or potential risks.
Economic Outlook
Mercer County, North Dakota has seen a notable climb in average taxable income per tax return, growing from about $67,886.79 in 2013 to roughly $88,078.99 in 2021, hinting at a possibly strengthening local economy. Average state and local income taxes have also risen, from $2,518.87 in 2012 to $4,370.00 in 2021, with significant jumps in recent years. Additionally, the average total tax liability per tax return increased from $9,280.29 in 2012 to $13,573.23 in 2021. These trends suggest rising... Read more
Average Taxable Income per Tax Return in Mercer County, ND over the last 9 years
Mercer County, North Dakota has witnessed a steady growth in average taxable income per tax return over the past nine years, climbing from approximately $67,886.79 in 2013 to about $88,078.99 in 2021. This upward trend suggests that the local economy may be strengthening, which could appeal to potential investors and real estate developers. Homebuyers and insurance agents might also find this data useful as rising incomes could correlate with an increased ability to afford higher property values and premiums.
Average State and Local Income Taxes Per Tax Return in Mercer County, ND Over the Last 10 Years
Average state and local income taxes per tax return in Mercer County, North Dakota have seen a noticeable increase over the past decade. In 2012, taxpayers averaged $2,518.87, but by 2021, this figure had climbed to $4,370.00. Significant jumps occurred between 2018 and 2019, and this trend continued upwards through 2021. This upward trajectory suggests that those looking to invest or reside in Mercer County should account for the rising tax burdens in their financial planning.
Average Total Tax Liability Per Tax Return in Mercer County, ND Over the Last 10 Years
Over the past decade, Mercer County, North Dakota has seen a noticeable increase in the average total tax liability per tax return. From $9,280.29 in 2012, the liability climbed fairly steadily, peaking most recently at $13,573.23 in 2021. This uptick could indicate both rising incomes and potential shifts in tax policy within the county. For prospective investors, real estate agents, or anyone considering moving to the area, these trends may reflect the economic growth and possible future financial planning needs.
Cost of Living in Mercer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,223 | $1,395 | $1,754 | $987 | $834 |
| 1 adult 4 children | $1,223 | $1,140 | $1,340 | $987 | $986 |
| 2 adults 3 children | $1,223 | $1,140 | $1,523 | $987 | $660 |
| 1 adult 3 children | $1,223 | $931 | $1,109 | $987 | $762 |
| 2 adults 2 children | $1,005 | $933 | $1,291 | $886 | $615 |
| 1 adult 2 children | $1,005 | $697 | $877 | $886 | $579 |
| 2 adults 1 child | $1,005 | $738 | $1,059 | $558 | $628 |
| 1 adult 1 child | $1,005 | $476 | $645 | $558 | $539 |
| 2 adults | $798 | $593 | $828 | $0 | $550 |
| 1 adult | $694 | $323 | $414 | $0 | $463 |
Safety trends & Data
Mercer County, North Dakota has had fluctuating property crime statistics over the past five years. There was a significant spike in fraud cases in 2019 with 40.00 instances, implying potential cybersecurity or financial fraud concerns that year. Larceny-theft peaked at 9.00 incidents in 2021, showing intermittent theft activity, while vandalism and motor vehicle theft incidents have remained low, suggesting consistent community vigilance. These trends might be useful for real estate agents,... Read more
Property Crime Trends in Mercer County, ND Over the Last 5 Years
Mercer County, North Dakota has witnessed fluctuating property crime statistics over the past five years. Notable trends include a significant spike in fraud cases in 2019 reaching 40.00 instances, indicating potential cybersecurity concerns or financial fraud issues that year. Larceny-theft saw irregular peaks with a high of 9.00 incidents in 2021, suggesting intermittent theft activity. Vandalism and motor vehicle theft incidents have mostly stayed low, hinting at consistent community vigilance. Real estate agents, appraisers, and insurers might find these patterns useful for understanding the risk factors, while potential investors and residents should take these crime fluctuations into account when making decisions.
Demographics
In Mercer County, North Dakota, there appears to be a slight skew in the adult population favoring males over females. Educational attainment shows more residents having completed some college or attained an Associate's degree, potentially impacting local workforce dynamics. The age distribution suggests a significant presence of older adults, with those aged 55 to 64 years forming one of the largest groups. Racially, the county is predominantly White, but with small representations from other... Read more
Race Distribution in Mercer County, North Dakota (2022)
Educational Attainment in Mercer County, North Dakota (2022)
Age Distribution in Mercer County, North Dakota
Citizen Population in Mercer County, North Dakota (2022)
Political Trends & Data
In Mercer County, North Dakota, the political landscape skewed heavily towards Republican candidates in the 2020 U.S. Presidential Election. Republican votes potentially exceeded 82%, while Democratic support was under 15%, and minor parties like the Libertarians garnered less than 3%. This dominant Republican preference could influence local policy-making and reflect a conservative sociocultural backdrop in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mercer County in North Dakota exhibited a strong preference for Republican candidates in the 2020 U.S. Presidential Election, with Republican votes potentially exceeding 82%. Democratic support appears to be well below at around 15%, while minor parties like the Libertarians gathered less than 3% of the vote. This skew towards the Republican Party might reflect the county's political alignment and possibly its sociocultural landscape.
82.48% of voters voted for the Republican party in the 2020 Presidential Election
15.06% of voters voted for the Democrat party in the 2020 Presidential Election
2.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Mercer County, North Dakota, the student-to-teacher ratio has fluctuated over the past decade, hitting a low of eleven students per teacher in 2019 and a high of fifteen in 2014, with recent figures in 2023 at around fourteen students per teacher. This trend aligns closely with the national average and could influence the area's appeal to families prioritizing smaller class sizes. For real estate investors and professionals in the education sector, this metric could serve as a selling point,... Read more
Student-to-teacher ratio in Mercer County, North Dakota over the last 10 years
Over the last ten years in Mercer County, North Dakota, the student-to-teacher ratio has shown some fluctuations, with a notable low of eleven students per teacher in 2019, rising to a high of fifteen in 2014. Most recent figures in 2023 indicate about fourteen students per teacher, aligning closely with the national average. Changes in this ratio could affect the quality of education, potentially making Mercer County more appealing to families seeking smaller class sizes, a metric often associated with more personalized attention in educational settings. Investors and those in the real estate and education sectors might see this as an attractive point, as smaller class sizes could be a selling point for new residents or families considering relocation. Additionally, such trends can influence local property values, school funding, and community growth dynamics.
