Renville County Real Estate and Livability Trends
In Renville County, North Dakota, real estate trends suggest economic volatility with average taxable income peaking in 2013 and 2021 but dipping notably in 2016. This financial instability, coupled with significant changes in state and local taxes, underscores the importance of financial planning for potential investors and developers. The housing market shows an upward trend in median home... Read more
Renville County Market Trends
Renville County, North Dakota's housing market has seen a steady climb in median home values from $118,000 in 2015 to $165,500 in 2022. This upward trend, though lagging behind the state and national medians, suggests potential for affordable housing. Real estate taxes have also risen from $1,450.00 in 2012 to $2,437.50 by 2017, indicating possible increases in property values or tax regulation... Read more
Median Value of Occupied Housing Units in Renville County, North Dakota Over the Last 8 Years
Renville County, North Dakota has seen varied growth in median home values over the last eight years. In 2022, the median home value hit $165,500, an appreciable increase from $118,000 in 2015. When compared to the state of North Dakota, Renville County's values remain lower than the state average, which reached $232,500 in 2022. Nationally, while Renville's growth mirrors the overall upward trend, it is still trailing behind the U.S. median value of $179,400 for 2022. These dynamics might attract those looking for more affordable housing options within North Dakota or investors seeing potential for growth relative to broader national trends.
Average Real Estate Taxes Per Tax Return in Renville County, ND Over the Last 6 Years
Renville County, North Dakota has seen a consistent increase in average real estate taxes per tax return over the past six years. Starting at $1,450.00 in 2012, the amount climbed steadily to $2,437.50 by 2017. Noteworthy spikes occurred between 2013 and 2014, as well as 2014 and 2015—suggesting enhanced property values or changes in tax regulations. This trend could be significant for those investing or moving to the area, as it may impact long-term financial planning. Real estate professionals, appraisers, and insurance agents should particularly note this upward trend when evaluating property values or potential costs for clients.
Percentage of Farm Returns in Renville County, ND Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Renville County, North Dakota has shown some fluctuations, ranging mostly between 19.57% and 21.74%. Notably, the values have hovered within a relatively tight band, with minor increases and decreases year to year. Interestingly, the peak occurred in 2019 at 21.74%, while the lowest was seen in 2021 at 18.91%. Farm tax returns reflect the economic activities and profitability of agricultural ventures, which might be crucial for those looking to invest, move to, or build property in Renville County. Understanding these trends can offer insights into the agricultural economic health of the area, impacting decisions for business expansions or relocations.
Number of Mortgages by Occupancy Type in Renville County, ND Over the Last 5 Years in Renville County
In Renville County, North Dakota, the number of mortgages for principal residences has shown a noticeable increase over the last five years, peaking at 109 in 2021. Investment properties and second residences have seen minimal growth by comparison, consistently maintaining low counts. Changes in occupancy type impact market dynamics, influencing everything from property value stability to neighborhood demographics. Investors might find the steady, though minimal, demand for investment properties reassuring, while those moving to the area can be mindful of the demand for primary residences. Real estate agents, appraisers, and insurance agents need to consider these trends to advise clients accurately and manage risks effectively.
Economic Outlook
Renville County, North Dakota's real estate market seems influenced by noticeable fluctuations in average taxable income, state and local income taxes, and total tax liabilities per tax return. With average taxable income peaking in 2013 at $74,900.00 and again in 2021 at $79,852.54, alongside a dip to $59,940.50 in 2016, the data suggests some economic volatility but also a general upward trend since 2017. The significant variations in state and local taxes, from $5,733.33 in 2012 to $1,975.00... Read more
Average Taxable Income per Tax Return in Renville County, ND over the last 9 years
The average taxable income per tax return in Renville County, North Dakota shows noticeable volatility over the past nine years, peaking in 2013 at $74,900.00 and 2021 at $79,852.54. Following a dip to $59,940.50 in 2016, a steady recovery is evident with a general upward trend from 2017 onwards. This data could suggest growing economic stability and potential real estate value appreciation, which could be appealing for investors, appraisers, and those looking to move to the area. The trend's fluctuations emphasize the importance of prudent financial planning and potentially careful market evaluation for real estate agents and developers interested in the county's future.
Average State and Local Income Taxes Per Tax Return in Renville County, ND Over the Last 6 Years
Renville County, North Dakota has seen significant volatility in average state and local income taxes per tax return over the last six years, with values ranging from as high as $5,733.33 in 2012 to as low as $1,975.00 in 2016. This fluctuation may suggest varying economic conditions or changes in tax policies. For investors, real estate professionals, and residents, this unpredictable tax landscape could impact financial planning and property investment decisions. Understanding these trends can be crucial for offering accurate appraisals, setting insurance premiums, or making informed decisions about moving to or doing business in the county.
Average Total Tax Liability Per Tax Return in Renville County, ND Over the Last 10 Years
Over the past decade, Renville County, North Dakota has seen fluctuating average tax liabilities per tax return, peaking at $14,463.64 in 2013 and experiencing a low of $9,021.74 in 2018. The 2021 figures rebounded to $11,784.00, indicating potential economic shifts or changes in tax policies. This variability could be significant for potential investors, real estate agents, or those considering moving to the area, as it reflects the financial landscape and potential cost of living implications in Renville County.
Cost of Living in Renville County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,042 | $1,456 | $1,754 | $928 | $858 |
| 1 adult 4 children | $1,042 | $1,189 | $1,340 | $928 | $1,013 |
| 2 adults 3 children | $1,042 | $1,189 | $1,523 | $928 | $674 |
| 1 adult 3 children | $1,042 | $971 | $1,109 | $928 | $778 |
| 2 adults 2 children | $856 | $974 | $1,291 | $833 | $631 |
| 1 adult 2 children | $856 | $727 | $877 | $833 | $594 |
| 2 adults 1 child | $856 | $769 | $1,059 | $524 | $639 |
| 1 adult 1 child | $856 | $497 | $645 | $524 | $544 |
| 2 adults | $650 | $618 | $828 | $0 | $561 |
| 1 adult | $646 | $337 | $414 | $0 | $487 |
Safety trends & Data
Renville County, North Dakota has seen fluctuating property crime rates in recent years, with a notable spike in larceny-theft incidents in 2019, recording 7 cases. While fraud and burglary have been sporadic, incidents in 2018 and 2021 suggest a need for caution. Minimal occurrences of vandalism and stolen property cases highlight areas for potential risk assessment by appraisers and insurance agents. For those considering property investments, these trends offer crucial insights into the... Read more
Property Crime Trends in Renville County, ND Over the Last 4 Years
Renville County, North Dakota has experienced fluctuating property crime rates over the past four years. Notably, 2019 saw a spike in larceny-theft with 7 recorded incidents, indicating a potential concern for those looking to invest or move here. Fraud and burglary cases have been sporadic, with minor incidents in 2018 and 2021. The presence of vandalism and stolen property cases, though minimal, still calls for attention from appraisers and insurance agents assessing risk. For real estate agents and prospective homeowners, understanding these trends can provide valuable context for making informed decisions regarding property investments in Renville County.
Demographics
Renville County, North Dakota exhibits an adult population with slightly more males than females, which could indicate various socio-economic dynamics at play. A significant portion of the residents hold at least a high school diploma, with a healthy number having pursued higher education, suggesting a relatively educated populace. The age distribution shows a substantial number of individuals in the 55 to 64 age range, which may have implications for services and infrastructure catering to an... Read more
Race Distribution in Renville County, North Dakota (2022)
Educational Attainment in Renville County, North Dakota (2022)
Age Distribution in Renville County, North Dakota
Citizen Population in Renville County, North Dakota (2022)
Political Trends & Data
Renville County, North Dakota, shows a clear tendency towards Republican preference in the 2020 U.S. Presidential Election, with the party possibly receiving over 80% of the votes. The Democratic support seemingly lagged at around 16.70%, and Libertarian backing might have barely crossed 2%. Other parties contributed minimally, suggesting a solid Republican foothold and low leaning towards alternative political parties in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Renville County, North Dakota, the 2020 U.S. Presidential Election saw voters predominantly favoring the Republican party with potentially over 80% of the total votes. The Democratic party trailed significantly, potentially garnering around 16.7% of the votes, while the Libertarian party possibly secured just over 2%. Minor contributions from other parties were negligible. This likely indicates a strong Republican preference and a relatively low support for alternative parties within the county.
80.74% of voters voted for the Republican party in the 2020 Presidential Election
16.68% of voters voted for the Democrat party in the 2020 Presidential Election
2.43% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Renville County, North Dakota's student-to-teacher ratio has hovered between 9 and 11 students per teacher over the past decade, significantly lower than the national average of 14. This potentially implies a robust education system, which could act as a magnet for families and investors, possibly boosting property values and community appeal. This metric may also interest real estate agents, appraisers, and insurance agents evaluating the region's desirability and... Read more
Student-to-teacher ratio in Renville County, North Dakota over the last 10 years
Renville County, North Dakota has seen fluctuations in its student-to-teacher ratio over the past decade, with figures generally ranging between 9 and 11 students per teacher. Unlike the national average of 14 students per teacher, Renville County consistently features smaller class sizes which could imply more personalized attention for students. This trend is worth noting for potential investors, families considering a move, real estate agents, and educational professionals, as lower ratios may be indicative of a strong education system, possibly leading to higher property values and overall community attractiveness. Such ratios might also be relevant for appraisers and insurance agents assessing the area's appeal and stability.
