Oliver County Real Estate and Livability Trends
Oliver County, North Dakota, has seen median home values soar from $120,300 in 2015 to $226,900 in 2022, significantly outpacing state and national trends. Meanwhile, real estate taxes have fluctuated sharply, rising from $1,085.71 in 2014 to $2,900.00 by 2019, likely due to shifting property values or local policies. Interestingly, mortgage data showed a peak in principal residences in 2020,... Read more
Oliver County Market Trends
Over the last eight years, Oliver County, North Dakota has seen median home values rise from $120,300 in 2015 to $226,900 in 2022, outpacing both state and national trends. This impressive growth indicates a promising real estate market potential for investors. Meanwhile, real estate taxes have shown dramatic fluctuations, jumping from $1085.71 in 2014 to $2900.00 by 2019, possibly due to... Read more
Median Value of Occupied Housing Units in Oliver County, North Dakota Over the Last 8 Years
Over the last eight years, Oliver County, North Dakota has experienced a stark rise in median home values, climbing from $120,300 in 2015 to $226,900 in 2022. This considerable growth eclipses both state and national averages, positioning Oliver County as a unique and potentially lucrative spot for real estate investment. While North Dakota's median home values have similarly increased from $153,800 to $232,500 in the same period, and the national average has grown from $125,500 to $179,400, Oliver County shows a more accelerated rate of appreciation. This suggests a thriving local market that could be particularly attractive for those looking to move to, invest in, or develop property in the area.
Average Real Estate Taxes Per Tax Return in Oliver County, ND Over the Last 8 Years
Real estate taxes in Oliver County, North Dakota, have fluctuated significantly over the past eight years, with notable peaks in 2015 and a sharp increase starting in 2017. While in 2014, the average was relatively low at $1085.71, by 2018 and 2019, it had soared to $2900.00. This variability could suggest changing property values or municipality budgeting strategies, potentially impacting investment decisions and property appraisals. This data is essential for real estate agents, appraisers, and investors to consider the fiscal landscape's changing nature and plan accordingly.
Percentage of Farm Returns in Oliver County, ND Over the Last 10 Years
Over the past decade, Oliver County, North Dakota has seen fluctuating farm tax returns, ranging from a high of approximately 30.77% in 2013 to a low of around 27.69% in 2020. While there have been slight increases and decreases, the overall percentage has remained relatively stable, generally hovering around the 29% to 31% mark. This suggests a consistent agricultural base, which could be an indicator of steady farming activities and potential stability for related investments. For those looking to invest in or develop property in the county, these statistics might suggest that farming remains a significant part of the local economy, offering potential opportunities in agricultural sectors.
Number of Mortgages by Occupancy Type in Oliver County, ND Over the Last 5 Years in Oliver County
Over the past five years in Oliver County, North Dakota, the data hints at some fluctuation in mortgage counts by occupancy type. Principal residences seem to lead significantly, with a peak in 2020 at 85 mortgages, suggesting a potential local population growth or a greater demand for long-term living spaces. However, the relatively low and stable figures for investment properties and second residences may imply limited appeal or opportunities for these types of real estate investments in the county. These trends could be crucial for real estate agents, investors, and developers as they reflect the county's demand dynamics and economic vitality. Understanding these shifts can assist stakeholders in making informed decisions, from setting property prices to determining insurance risks or projecting future market behavior.
Economic Outlook
In Oliver County, North Dakota, there's been an intriguing shift in the average taxable income per tax return, which recently jumped to around $84,527.06 in 2021, after hovering between $62,000 and $67,000 over the past nine years. This rise might indicate a better economic climate or growing income opportunities, which could appeal to investors and property builders. Additionally, there's been a marked decrease in state and local income taxes, plummeting from $3,575.00 in 2013 to $1,975.00 in... Read more
Average Taxable Income per Tax Return in Oliver County, ND over the last 9 years
The average taxable income per tax return in Oliver County, North Dakota, has experienced modest fluctuations over the last nine years. Typically hovering between $62,000 and $67,000, there was a slight dip in 2016 followed by a general stabilization. Most notably, 2021 saw a significant spike to approximately $84,527.06. This uptick could suggest improved economic conditions or increased income opportunities in the area, potentially making Oliver County a more attractive prospect for investors, property builders, and real estate agents. However, given that such changes could be influenced by unique economic events or policy shifts, those interested should consider additional local factors and trends.
Average State and Local Income Taxes Per Tax Return in Oliver County, ND Over the Last 6 Years
Over the last six years in Oliver County, North Dakota, there has been a noticeable decline in the average state and local income taxes per tax return. Starting at $3,400.00 in 2012, taxes slightly increased to $3,575.00 in 2013 before experiencing a steady drop to just $1,975.00 by 2017. This trend could suggest an improving economic policy environment or changes in income levels, potentially making Oliver County a more appealing location for investment and residency.
Average Total Tax Liability Per Tax Return in Oliver County, ND Over the Last 10 Years
Oliver County, North Dakota has seen fluctuations in average total tax liability per tax return over the past decade, starting at $9,194.29 in 2012 and ending at a significant increase to $12,273.24 in 2021. This spike in 2021 may indicate broader economic changes or shifts in the local property market, potentially impacting investment decisions. The mid-decade stability observed from 2015 to 2017, with values around $9,300, contrasts sharply with the decline in 2018 and 2019, where liabilities dipped to approximately $8,046.97 and $8,174.24 respectively, before trending upwards again. Investors, property developers, and local businesses might find these patterns relevant for financial planning and risk assessment.
Cost of Living in Oliver County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $796 | $1,395 | $1,523 | $929 | $675 |
| 1 adult 4 children | $796 | $1,140 | $1,170 | $929 | $791 |
| 2 adults 3 children | $796 | $1,140 | $1,319 | $929 | $530 |
| 1 adult 3 children | $796 | $931 | $966 | $929 | $546 |
| 2 adults 2 children | $560 | $933 | $1,114 | $853 | $482 |
| 1 adult 2 children | $560 | $697 | $761 | $853 | $434 |
| 2 adults 1 child | $560 | $738 | $910 | $608 | $530 |
| 1 adult 1 child | $560 | $476 | $557 | $608 | $444 |
| 2 adults | $491 | $593 | $706 | $0 | $482 |
| 1 adult | $434 | $323 | $353 | $0 | $408 |
Demographics
Oliver County in North Dakota exhibits an adult population that skews slightly male. Educational attainment shows a prevalence of high school graduates or those with some college experience, followed by bachelor's degree holders. Age distribution suggests a mature demographic, with a significant portion of residents aged 55 and older. The racial makeup is predominantly White, with very small representations from other racial groups. These insights highlight a community that may prioritize... Read more
Race Distribution in Oliver County, North Dakota (2022)
Educational Attainment in Oliver County, North Dakota (2022)
Age Distribution in Oliver County, North Dakota
Citizen Population in Oliver County, North Dakota (2022)
Political Trends & Data
Oliver County, North Dakota, exhibited a strong Republican preference in the 2020 U.S. Presidential Election, with the GOP potentially capturing the majority of votes. The Democrats had a notably smaller presence, while minor parties like the Libertarians and Greens had minimal support. This trend may indicate a conservative leaning in the local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Oliver County in North Dakota leaned heavily Republican in the 2020 U.S. Presidential Election, with the majority of votes possibly cast for the GOP. The Democratic presence was significantly smaller, and other parties like the Libertarians and Greens saw minimal support. This voting pattern could suggest a strong conservative preference within this region.
86.12% of voters voted for the Republican party in the 2020 Presidential Election
12.10% of voters voted for the Democrat party in the 2020 Presidential Election
1.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Oliver County, North Dakota, the student-to-teacher ratio has consistently ranged from 9 to 11 over the past decade, notably lower than the national average of 14. This trend might appeal to families seeking more personalized educational environments, potentially boosting the attractiveness of local properties. For real estate professionals, this could signal a unique selling point, while developers and investors might see it as an indicator of strong educational support, enhancing the... Read more
Student-to-teacher ratio in Oliver County, North Dakota over the last 10 years
Over the past decade, the student-to-teacher ratio in Oliver County, North Dakota has ranged between 9 and 11, which is significantly lower than the current national average of 14 students per teacher. This trend might be appealing for those prioritizing individualized attention in the classroom, making it an attractive prospect for families considering relocation. For real estate agents, a lower ratio could potentially enhance the appeal of properties in the area, while appraisers and insurance agents might take it as a marker of a desirable living environment. Investors and those looking to build property could view this lower ratio as a sign of strong educational support, possibly solidifying the county's reputation as a favorable place to live.
