Ransom County Real Estate and Livability Trends
In Ransom County, North Dakota, the average taxable income per tax return has surged to approximately $70,902 by 2021, possibly indicating economic growth that's drawing in investors and residents. Median home values have climbed from $103,600 in 2015 to $145,900 in 2022, though this increase is modest compared to North Dakota and national trends. Notable tax fluctuations and climbing property... Read more
Ransom County Market Trends
Ransom County’s median home values have progressively risen from $103,600 in 2015 to $145,900 in 2022, though this growth is modest compared to North Dakota's state-wide increase and national trends. Fluctuations in residential energy tax credits, peaking at $328.57 in 2016 but dropping to $200.00 in 2020 and 2021, could influence decisions about energy-efficient investments. Real estate taxes... Read more
Median Value of Occupied Housing Units in Ransom County, North Dakota Over the Last 8 Years
Ransom County's median home values have seen a progressive rise over the past eight years, starting from $103,600 in 2015 to $145,900 in 2022. When compared to state trends in North Dakota, where the median value grew from $153,800 to $232,500 over the same period, Ransom County's growth appears relatively modest. On the national level, the upward trend is even more pronounced, with values climbing from $125,500 in 2015 to $179,400 in 2022. For potential investors or those considering a move, this suggests that while Ransom County offers more affordable housing, the growth pace lags behind state and national increases, possibly indicating a less competitive market with room for value appreciation.
Residential Energy Tax Credit Per Tax Return in Ransom County, ND Over the Last 6 Years
Ransom County, North Dakota has shown considerable fluctuations in the average residential energy tax credit per tax return over the past six years, peaking at $328.57 in 2016 after a notable increase from $250.00 in 2013 and $300.00 in 2014. However, there has been a sharp decline to $200.00 in both 2020 and 2021, suggesting a potential decrease in energy-efficient home improvements or changes in tax incentive policies. This variability could influence homebuyers' and investors' decisions, as more stable or generous energy credits might have previously enhanced the appeal of the area for residential investments focused on energy efficiency.
Average Real Estate Taxes Per Tax Return in Ransom County, ND Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Ransom County, North Dakota have seen a significant upward trend, starting at around $2,304.55 in 2012 and reaching a peak of $5,000.00 by 2021. Noteworthy jumps occurred around 2017 and 2019, indicating potential local policy changes or revaluations. This trend could be essential for investors and homeowners to consider when evaluating property costs and potential returns in the area. Higher real estate taxes can impact overall affordability and might influence decisions on purchasing or selling property in Ransom County.
Percentage of Farm Returns in Ransom County, ND Over the Last 10 Years
In Ransom County, North Dakota, the last decade shows modest fluctuations in the percentage of farm tax returns, ranging roughly from 14.49% to 16.12%. These figures might hint at a relatively stable agricultural presence in the area, albeit with minor year-to-year variations. Such trends can be informative for investors assessing the viability and consistency of agricultural investments in the county, as well as potential new residents or property developers interested in a region whose farming sector shows persistent activity.
Number of Mortgages by Occupancy Type in Ransom County, ND Over the Last 5 Years in Ransom County
In Ransom County, North Dakota, the number of mortgages for principal residences has exhibited a somewhat fluctuating trend, peaking at 197 in 2021 but dropping to 149 by 2022. Investment property mortgages have remained relatively low but stable, with a slight increase from 3 in 2018 to 10 in 2022. Second residences consistently show minimal activity, with values barely exceeding 2 annually. These shifts in occupancy type can signal varying demand among different housing sectors, which can inform investors about potential growth areas, guide appraisers on market valuations, and assist insurers in assessing regional risk profiles. Builders and real estate agents might leverage this data to focus on market segments that are experiencing growth or stability.
Economic Outlook
In Ransom County, North Dakota, the average taxable income per tax return has been rising steadily since 2018, reaching about $70,902 by 2021, which might signal economic growth attracting both investors and new residents. There has also been notable volatility in state and local income taxes, with significant peaks and lows over the past decade. Tax liabilities, though fluctuating, have shown a recent upward trend, peaking at around $9,666.52 in 2021. These financial shifts could matter to... Read more
Average Taxable Income per Tax Return in Ransom County, ND over the last 9 years
The average taxable income per tax return in Ransom County, North Dakota has shown a notable increase over the last nine years. While the income values hovered around $55,000 to $57,000 between 2013 and 2017, there was a significant uptick beginning in 2018 with incomes reaching over $62,000. This upward trend continued, peaking at approximately $70,902 by 2021. This suggests potential economic growth and higher income levels, which might be of interest to investors, new residents, appraisers, and real estate developers looking at the area.
Average State and Local Income Taxes Per Tax Return in Ransom County, ND Over the Last 10 Years
Ransom County, North Dakota has seen fluctuating state and local income taxes per tax return over the last decade, with notable peaks in 2013 at $3,757.14 and in 2019 at $4,333.33. However, these highs are contrasted with significant lows, such as in 2016 when the average dropped to $2,160.00. This volatility could influence financial planning for potential investors, real estate agents, and those considering relocation to the area. Understanding these tax trends can aid in making more informed decisions regarding property investment and personal finances.
Average Total Tax Liability Per Tax Return in Ransom County, ND Over the Last 10 Years
Ransom County, North Dakota has experienced fluctuating tax liability over the past decade. Starting at approximately $8,849.07 in 2012, there was a general downward trend to about $7,724.77 in 2018, which could signal economic shifts or changes in tax policies. However, this figure increased steadily from 2019, reaching a peak of roughly $9,666.52 in 2021. This upward trend in recent years might indicate rising incomes or adjustments in tax laws. Investors and real estate agents might find the latter trend particularly noteworthy, suggesting an environment of increasing affluence or financial stability within the county.
Cost of Living in Ransom County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,124 | $1,544 | $1,754 | $858 | $835 |
| 1 adult 4 children | $1,124 | $1,261 | $1,340 | $858 | $971 |
| 2 adults 3 children | $1,124 | $1,262 | $1,523 | $858 | $650 |
| 1 adult 3 children | $1,124 | $1,030 | $1,109 | $858 | $707 |
| 2 adults 2 children | $826 | $1,033 | $1,291 | $770 | $564 |
| 1 adult 2 children | $826 | $771 | $877 | $770 | $518 |
| 2 adults 1 child | $826 | $816 | $1,059 | $486 | $594 |
| 1 adult 1 child | $826 | $527 | $645 | $486 | $494 |
| 2 adults | $628 | $656 | $828 | $0 | $529 |
| 1 adult | $552 | $358 | $414 | $0 | $429 |
Safety trends & Data
Ransom County, North Dakota, has shown relatively isolated property crime incidents over the past five years. Occasional spikes were recorded in burglary during 2020 and fraud in 2019, but overall, crime rates remain low. This trend suggests a stable and safe environment, making it appealing for potential property investors and residents who prioritize security. Understanding these crime patterns could be invaluable for appraisers, insurance agents, and real estate professionals assessing the... Read more
Property Crime Trends in Ransom County, ND Over the Last 5 Years
In Ransom County, North Dakota, property crime data over the last five years indicates relatively isolated incidents across various categories. Trends reveal occasional spikes in specific crimes like burglary in 2020 and fraud in 2019, but overall, the numbers remain low. This suggests a relatively stable property crime environment, with minimal occurrences that could be of interest for potential property investors and residents prioritizing safety. Understanding these patterns may help appraisers, insurance agents, and real estate professionals gauge the area's risk factors better.
Demographics
Ransom County, North Dakota demographics reveal a slightly higher male population compared to females, which could hint at unique gender dynamics in the area. Educationally, the majority hold high school diplomas, with a noticeable portion having either some college education or associate's degrees, potentially reflecting local employment trends that value these educational levels. Age distribution leans towards older demographics, particularly those aged 55 and over, which can influence... Read more
Race Distribution in Ransom County, North Dakota (2022)
Educational Attainment in Ransom County, North Dakota (2022)
Age Distribution in Ransom County, North Dakota
Citizen Population in Ransom County, North Dakota (2022)
Political Trends & Data
Ransom County in North Dakota showed a strong lean towards the Republican party in the 2020 U.S. Presidential Election, with nearly 58% of the vote. Democrats trailed with around 39%, while Libertarians captured a bit over 3%. This distribution suggests a predominantly Republican-leaning electorate with minimal third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ransom County in North Dakota saw a significant lean towards the Republican party in the 2020 U.S. Presidential Election, capturing nearly 58% of the vote. Democrats garnered approximately 39%, while the Libertarian party secured just over 3%. Even smaller were the votes categorized under 'Other' parties. This distribution highlights a strong Republican preference in the county, with minimal support for third parties.
57.78% of voters voted for the Republican party in the 2020 Presidential Election
38.51% of voters voted for the Democrat party in the 2020 Presidential Election
3.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ransom County, North Dakota, has experienced a notable drop in its student-to-teacher ratio over the past decade, from just over ten students per teacher in 2014 to about nine in 2023. This trend towards smaller class sizes suggests more personalized attention for students, potentially making the area more appealing to families prioritizing educational quality. Real estate agents could highlight local schools as a selling point, while investors and developers might view the trend as an... Read more
Student-to-teacher ratio in Ransom County, North Dakota over the last 10 years
Over the last decade, Ransom County, North Dakota, has seen a consistent decrease in its student-to-teacher ratio, dropping from just above ten students per teacher in 2014 to roughly nine by 2023. This trend indicates smaller class sizes, which may suggest more personalized attention for students compared to the national average of fourteen students per teacher. Such a ratio could be an attractive factor for families seeking quality education, real estate agents highlighting local schools, or investors and developers considering new educational or residential projects. Lower ratios might also influence appraisals positively and could potentially lower risks for insurers, given the correlation between education quality and community stability.
