Ramsey County Real Estate and Livability Trends
In Ramsey County, North Dakota, the real estate market is showing a steady growth trend with median home values jumping from $102,400 in 2015 to $193,300 in 2022. This outpaces the national average but still sits below the state’s average, making it a potential hotspot for investors. The rise in average real estate taxes from $2,643.64 in 2012 to $4,408.33 in 2021 reflects growing property... Read more
Ramsey County Market Trends
Ramsey County, North Dakota's median home values have surged from $102,400 in 2015 to $193,300 in 2022, outpacing the national increase yet still trailing the state average. This sustained growth, paired with comparatively lower home values, may offer promising investment opportunities. Residential energy tax credits spiked in 2015 but have since stabilized around $200.00 per return, indicating... Read more
Median Value of Occupied Housing Units in Ramsey County, North Dakota Over the Last 8 Years
Ramsey County, North Dakota, has seen its median home values rise from $102,400 in 2015 to $193,300 in 2022. This increase outpaces the national median, which went from $125,500 to $179,400 over the same period, and even falls short compared to the state’s rise from $153,800 to $232,500. Investors and residents might find Ramsey County appealing due to its relatively lower home values within the state, offering potential for growth and investment.
Residential Energy Tax Credit Per Tax Return in Ramsey County, ND Over the Last 7 Years
Residential energy tax credits in Ramsey County, North Dakota saw significant fluctuations over the past seven years. The average tax credit per return spiked to $312.50 in 2015 but generally hovered around $200.00 in subsequent years. This pattern might suggest that while there was a peak in energy-related incentives, the credit has since stabilized, reflecting either changes in tax policies or shifts in household energy investments. This could be insightful for those involved in the local real estate market, as it may hint at periods of higher energy efficiency investments among homeowners.
Average Real Estate Taxes Per Tax Return in Ramsey County, ND Over the Last 10 Years
Over the past decade, Ramsey County, North Dakota has seen a noticeable increase in average real estate taxes per tax return, rising from $2,643.64 in 2012 to $4,408.33 in 2021. This trend suggests a growing demand for property, likely influencing both property values and living costs. This information is crucial for investors and real estate agents when evaluating potential returns and advising clients. Appraisers and insurance agents also need to consider these trends as part of their risk assessment and pricing strategies.
Percentage of Farm Returns in Ramsey County, ND Over the Last 10 Years
The percentage of farm tax returns in Ramsey County, North Dakota, has shown a slight downward trend over the past decade, fluctuating between 8.79% in 2012 and approximately 8.14% in 2021. Such data could reflect changes in the agricultural economy or shifts in the county's farming demographics. Farm tax returns indicate the number of tax filings from farming operations, offering a glimpse into the local agricultural sector's vitality. For investors, builders, or potential residents, these trends could suggest evolving economic factors that might affect property values, local job markets, and community resources in this predominantly rural county.
Number of Mortgages by Occupancy Type in Ramsey County, ND Over the Last 5 Years in Ramsey County
In Ramsey County, North Dakota, the number of mortgages for principal residences has generally been the highest, with notable peaks in 2020 and 2021 at around 453 and 451, respectively. Investment properties and second residences see far fewer mortgages, with investment properties hovering in the low twenties and second residences typically under ten. For potential investors and developers, the relatively stable yet smaller market for investment properties may indicate a steadier but less lucrative opportunity. For homebuyers and real estate agents, the dominant presence of principal residence mortgages suggests a community-driven by primary homeowners, potentially reflecting longer-term stability and more community engagement. Appraisers and insurance agents might prioritize principal residences, given their higher transaction volumes and likely influence on market trends.
Economic Outlook
Ramsey County, North Dakota has witnessed a substantial rise in average taxable income per tax return, progressing from $58,877.18 in 2013 to $77,225.79 in 2021, with a notable $10,000 increase between 2020 and 2021 suggesting potential economic development. However, fluctuations in average state and local income taxes—peaking at $5,627.27 in 2019 but dipping to $3,227.91 in 2017—highlight varying fiscal pressures on taxpayers. Meanwhile, the average total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Ramsey County, ND over the last 9 years
Over the last nine years, Ramsey County, North Dakota has seen a general upward trend in average taxable income per tax return, rising from approximately $58,877.18 in 2013 to about $77,225.79 in 2021. This increase suggests potential economic growth and could make the area more attractive for investors, real estate agents, and those considering relocation. Notably, the steep rise between 2020 and 2021, where the average taxable income jumped by over $10,000, might indicate significant economic changes or opportunities that could be worth exploring.
Average State and Local Income Taxes Per Tax Return in Ramsey County, ND Over the Last 10 Years
Over the past decade, Ramsey County, North Dakota has seen fluctuations in average state and local income taxes per tax return. Taxes spiked in 2013 at $5,586.36 and again in 2019 at $5,627.27, with notable dips in 2015 and 2017 at $3,833.33 and $3,227.91 respectively. These swings suggest evolving fiscal policies or economic conditions impacting taxpayers. Investors and property builders should consider how these variable tax burdens might affect overall costs, while real estate agents and appraisers need to account for these changes in market evaluations. This data provides valuable insight for insurance agents and residents gauging financial planning needs.
Average Total Tax Liability Per Tax Return in Ramsey County, ND Over the Last 10 Years
Over the past decade, Ramsey County, North Dakota has experienced notable fluctuations in average total tax liability per tax return. Tax liabilities ranged from a low of $8,743.06 in 2019 to a high of $12,087.80 in 2021, possibly indicating shifts in local economic conditions or changes in tax policies. For potential investors or those in real estate and insurance, these variations may reflect underlying economic health and fiscal trends in the county, impacting property values and risk assessments.
Cost of Living in Ramsey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,492 | $1,754 | $880 | $776 |
| 1 adult 4 children | $1,174 | $1,218 | $1,340 | $880 | $894 |
| 2 adults 3 children | $1,174 | $1,219 | $1,523 | $880 | $604 |
| 1 adult 3 children | $1,174 | $995 | $1,109 | $880 | $641 |
| 2 adults 2 children | $826 | $998 | $1,291 | $791 | $516 |
| 1 adult 2 children | $826 | $745 | $877 | $791 | $458 |
| 2 adults 1 child | $826 | $789 | $1,059 | $501 | $552 |
| 1 adult 1 child | $826 | $509 | $645 | $501 | $456 |
| 2 adults | $680 | $633 | $828 | $0 | $505 |
| 1 adult | $676 | $346 | $414 | $0 | $435 |
Safety trends & Data
Ramsey County, North Dakota, has seen fluctuating property crime trends over the past five years, with notable spikes in larceny-theft and motor vehicle theft. Larceny-theft peaked in 2022 at 121 incidents, up from 73 in 2020, while motor vehicle theft rose to 31 cases in 2022 from just 7 in 2019. Vandalism also saw changes, spiking to 62 cases in 2021 before dropping to 34 in 2022. These crime dynamics could influence real estate investments, insurance rates, and local policing strategies,... Read more
Property Crime Trends in Ramsey County, ND Over the Last 5 Years
Ramsey County, North Dakota, shows some variability in property crime trends over the last five years, with figures for burglary, larceny-theft, and motor vehicle theft standing out. Notably, larceny-theft peaked in 2022 with 121 incidents, a significant rise from the 73 reported in 2020. Motor vehicle theft saw a noticeable increase, reaching 31 cases in 2022 compared to just 7 in 2019. Vandalism incidents appear to fluctuate, spiking to 62 cases in 2021, only to drop to 34 cases in 2022. These trends could inform real estate investments, insurance assessments, and local policing strategies, highlighting potential areas of concern and opportunity.
Demographics
Ramsey County, North Dakota has a slightly higher population of females than males, with educational attainment showing a significant portion of residents holding high school diplomas or some college education, though fewer have bachelor's or advanced degrees. Age-wise, the largest groups are those under 10 years old and those aged 55 to 64, reflecting a potentially diverse need for services. Racially, the community is majority White, with a notable representation of American Indian and Alaska... Read more
Race Distribution in Ramsey County, North Dakota (2022)
Educational Attainment in Ramsey County, North Dakota (2022)
Age Distribution in Ramsey County, North Dakota
Citizen Population in Ramsey County, North Dakota (2022)
Political Trends & Data
The 2020 U.S. Presidential Election results in Ramsey County, North Dakota, highlighted a dominant Republican preference, with the party claiming close to 67% of the vote. Democrats managed just over 30%, while the Libertarian Party received about 2.4%, leaving other parties with less than 1%. This political landscape potentially suggests a significant Republican influence which could impact future local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Ramsey County, North Dakota, the 2020 U.S. Presidential Election leaned heavily Republican with nearly 67% of the vote, while Democrats secured just over 30%. The Libertarian Party garnered a modest 2.4%, and other parties barely made a dent with a little over 0.5%. Such a distribution might indicate a strong Republican presence and influence in the region.
66.59% of voters voted for the Republican party in the 2020 Presidential Election
30.51% of voters voted for the Democrat party in the 2020 Presidential Election
2.38% of voters voted for the Livertarian party in the 2020 Presidential Election
0.52% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ramsey County, North Dakota, boasts a student-to-teacher ratio that has consistently fallen between 7 and 8 students per teacher, markedly below the national average of 14. This favorable dynamic can appeal to families prioritizing education, potentially driving demand for housing in the area. For real estate agents and investors, the superior educational environment may signal stable or increasing property values, making it a lucrative market to... Read more
Student-to-teacher ratio in Ramsey County, North Dakota over the last 10 years
The student-to-teacher ratio in Ramsey County, North Dakota has consistently been lower than the US national average of 14 students per teacher over the past decade. The ratio has fluctuated between seven and a little under eight students per teacher, indicating a favorable student-to-teacher dynamic that might appeal to potential investors, families considering relocation, teachers seeking employment, and real estate agents exploring market opportunities. Lower ratios often suggest more personalized attention for students, which could contribute to better educational outcomes and make the area more attractive for families placing a high value on education. For investors and real estate professionals, this trend can signify stable or potentially increasing property values due to the desirable school system.
