Nelson County Market Trends
Nelson County, North Dakota's median home values have steadily climbed to $107,400 in 2022 from $73,200 in 2015, offering more affordable options compared to broader state and national markets. The residential energy tax credits per tax return have shown notable fluctuations, peaking at $250.00 in 2015, indicating potential opportunities for energy-efficient investments. Real estate taxes per tax... Read more
Median Value of Occupied Housing Units in Nelson County, North Dakota Over the Last 8 Years
Nelson County, North Dakota's median home values have experienced a steady climb over the last eight years, reaching $107,400 in 2022 from $73,200 in 2015. This growth is relatively moderate when compared to the statewide median, which soared to $232,500 from $153,800 over the same period. Nationally, home values also displayed a significant increase, hitting $179,400 in 2022 from $125,500 in 2015. These trends suggest that Nelson County may offer more affordable options compared to broader state and national markets, potentially attracting those looking for lower entry points into homeownership or investment properties.
Residential Energy Tax Credit Per Tax Return in Nelson County, ND Over the Last 4 Years
Nelson County, North Dakota's residential energy tax credits per tax return have shown notable fluctuations over the past four years, with a significant dip to $100.00 in 2014 and peaks as high as $250.00 in 2015. These shifts could indicate changes in either local policy or the adoption rates of energy-efficient home improvements. For investors and property developers, understanding such trends might suggest potential for energy-efficient investments that could benefit from tax incentives, while appraisers and real estate agents may need to consider these fluctuations when evaluating property values and advising clients.
Average Real Estate Taxes Per Tax Return in Nelson County, ND Over the Last 8 Years
Over the last eight years, average real estate taxes per tax return in Nelson County, North Dakota, have shown noticeable fluctuations. Particularly, there was a notable dip in 2015 to $1188.89 but then a significant spike to $2950.00 in 2018, with another high at $2750.00 in 2019. These variations could be a signal of changing property values, shifts in assessments, or policy changes, making it a crucial consideration for investors, property developers, and anyone interested in the local real estate market.
Percentage of Farm Returns in Nelson County, ND Over the Last 10 Years
Over the past decade, farm tax returns in Nelson County, North Dakota have varied slightly, with the highest percentage seen in 2015 at around 24.68% and the lowest in 2020 at about 21.03%. Generally, there's a slight overall decline in the percentage of farm returns, suggesting possible shifts in agricultural economics or land use in the area. This could hint at trends like farm consolidations, changes in agricultural profitability, or local policy impacts, making it an essential consideration for investors or those moving to or developing property in the county. Farm tax returns indicate the portion of taxpayers in the county whose primary income comes from farming, reflecting the economic reliance on agriculture.
Number of Mortgages by Occupancy Type in Nelson County, ND Over the Last 5 Years in Nelson County
Nelson County, North Dakota has seen a fairly stable number of mortgages for principal residences over the past five years, with a slight decrease from 72 in 2020 to 50 in 2022. The investment property and second residence segments have remained minimal, never exceeding 3 mortgages per year. These trends could signify that Nelson County is primarily a homeowners' market rather than a hotspot for investment or vacation properties. For potential investors, this stability in primary residence mortgages might indicate a solid, albeit less dynamic, market. Real estate agents and appraisers could find this data helpful in setting realistic expectations. Prospective buyers and insurance agents might also consider the relatively low activity in secondary properties when assessing market risks and property values.
Economic Outlook
In Nelson County, North Dakota, the average taxable income per tax return has climbed over the past nine years, peaking at $76,136.00 in 2021, which could indicate increased earnings and economic growth. Average state and local income taxes per tax return have fluctuated, with a high of $6,500.00 in 2019 and a low of $3,137.50 in 2017, potentially impacting investment decisions and property costs. The total tax liability per tax return has also varied, peaking at $12,077.60 in 2021 after a dip... Read more
Average Taxable Income per Tax Return in Nelson County, ND over the last 9 years
In Nelson County, North Dakota, the average taxable income per tax return has shown a general upward trend over the past nine years, peaking at $76,136.00 in 2021. While there have been minor fluctuations, the overall increase suggests a potentially growing economy or increased earnings among residents. This rising income level could appeal to investors and real estate agents, hinting at greater buying power and possibly a more robust housing market. For insurance agents and appraisers, these trends may imply adjustments in coverage needs and property values.
Average State and Local Income Taxes Per Tax Return in Nelson County, ND Over the Last 8 Years
Over the past eight years, Nelson County, North Dakota has seen fluctuations in average state and local income taxes per tax return, peaking at $6,500.00 in 2019 and dipping to $3,137.50 in 2017. This variance could influence decisions for investors and property builders, as the tax landscape affects overall cost-effectiveness. The notable spike in 2019, along with periodic troughs, may be relevant for real estate agents and residents assessing long-term tax liability.
Average Total Tax Liability Per Tax Return in Nelson County, ND Over the Last 10 Years
Nelson County, North Dakota, has shown some variability in average total tax liability per tax return over the last decade. After a peak in 2016 at $11,155.00, there was a notable dip in 2018 to $8,688.79. However, the trend seems to be on the rise again, reaching $12,077.60 in 2021. This could imply fluctuating economic conditions, changes in local tax policies, or shifts in the income levels of residents. Stakeholders should consider these oscillations when evaluating the financial stability and potential growth of the region.
Cost of Living in Nelson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,492 | $1,754 | $754 | $826 |
| 1 adult 4 children | $1,174 | $1,218 | $1,340 | $754 | $964 |
| 2 adults 3 children | $1,174 | $1,219 | $1,523 | $754 | $643 |
| 1 adult 3 children | $1,174 | $995 | $1,109 | $754 | $699 |
| 2 adults 2 children | $826 | $998 | $1,291 | $688 | $549 |
| 2 adults 1 child | $826 | $789 | $1,059 | $472 | $594 |
| 1 adult 2 children | $826 | $745 | $877 | $688 | $500 |
| 1 adult 1 child | $826 | $509 | $645 | $472 | $494 |
| 2 adults | $730 | $633 | $828 | $0 | $557 |
| 1 adult | $715 | $346 | $414 | $0 | $471 |
Safety trends & Data
Property crime in Nelson County, North Dakota has fluctuated over the past four years. While 2018 saw two burglaries and two thefts, only one burglary was reported in 2019. In 2021, there were cases of fraud and stolen property arrests, and by 2022, incidents included motor vehicle theft and forgery. This trend might indicate a shift from common property crimes like burglary to more varied offenses such as fraud and vehicle theft, potentially impacting investment or living decisions in the... Read more
Property Crime Trends in Nelson County, ND Over the Last 4 Years
Property crime in Nelson County, North Dakota has shown varied activity over the past four years, with notable instances such as two burglaries and two thefts in 2018, but only one burglary reported in 2019. Interestingly, 2021 saw fraud and stolen property arrests, and 2022 had unique cases of motor vehicle theft and forgery. This data may suggest a shift away from more frequent property crimes like burglary towards other types of crimes such as fraud and vehicle theft, potentially influencing investment or living decisions in the county.
Demographics
Nelson County, North Dakota shows a balanced adult population with slightly more males. Educational attainment trends reveal high school graduates make up the largest group, but there's a significant portion of residents with some college experience or higher degrees. The age distribution points to a predominant older population, with a notable number of residents aged 55 and over. Racial diversity is limited, with a strong majority of the population being White, and small numbers representing... Read more
Race Distribution in Nelson County, North Dakota (2022)
Educational Attainment in Nelson County, North Dakota (2022)
Age Distribution in Nelson County, North Dakota
Citizen Population in Nelson County, North Dakota (2022)
Political Trends & Data
Nelson County, North Dakota, exhibits a significant Republican preference, capturing approximately 64.21% of the vote in the most recent presidential election. Democratic candidates, on the other hand, received roughly 32.98%, and third-party influence remains minimal with Libertarians at around 2.42%. This conservative tilt may shape local governance, policies, and community projects reflecting those... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Nelson County, North Dakota, shows a pronounced tilt toward Republican candidates, with roughly 64.21% of the vote share, dwarfing the Democratic vote at around 32.98%. Third-party influence appears minimal; Libertarian candidates garnered about 2.42%, and other parties combined for less than 0.5%. Such strong preference for Republicans could suggest conservative leaning values dominate local politics, potentially influencing policy and community initiatives.
64.21% of voters voted for the Republican party in the 2020 Presidential Election
32.98% of voters voted for the Democrat party in the 2020 Presidential Election
2.42% of voters voted for the Livertarian party in the 2020 Presidential Election
0.39% of voters voted for the Other party in the 2020 Presidential Election
School Data
Nelson County, North Dakota features a consistently low student-to-teacher ratio, around 9 students per teacher, compared to the national average of 14. This trend implies possible advantages in individualized attention and quality of education, a significant factor for families and investors. Real estate agents and appraisers might find this beneficial as it could positively influence property values and risk assessments for the... Read more
Student-to-teacher ratio in Nelson County, North Dakota over the last 10 years
Nelson County, North Dakota has a notably low student-to-teacher ratio over the past decade, consistently hovering around 9 students per teacher. This is considerably lower than the current national average of 14 students per teacher, suggesting possible advantages such as more individualized attention for students. For potential investors, real estate agents, and families considering a move, this could indicate a high quality of education and a more nurturing learning environment. This trend is especially relevant for appraisers and insurance agents as it might reflect positively on property values and associated risk assessments.
