Richland County Real Estate and Livability Trends
Richland County, North Dakota has experienced a notable rise in median home values from $102,000 in 2015 to $164,500 in 2022, although this increase is somewhat modest when compared to state and national medians. The county’s real estate taxes steadily grew from around $3,047.57 in 2012 to approximately $5,076.47 in 2021, reflecting a possibly strengthening property market. Mortgage trends... Read more
Richland County Market Trends
Richland County, North Dakota has seen its median home values rise from $102,000 in 2015 to $164,500 in 2022, a modest gain compared to state and national medians. The average residential energy tax credit varied between $625.00 in 2014 and $825.00 in 2020, possibly signaling fluctuating investments in energy-efficient home improvements. Real estate taxes saw a steady increase from roughly... Read more
Median Value of Occupied Housing Units in Richland County, North Dakota Over the Last 8 Years
Over the last eight years, Richland County, North Dakota has seen its median home values jump from $102,000 in 2015 to $164,500 in 2022, reflecting a steady upward trend. This growth, though significant, appears less robust when compared to the state median, which climbed from $153,800 to $232,500 during the same period. Nationally, the median value similarly increased from $125,500 to $179,400. For potential investors, these figures indicate a growing real estate market in Richland County, albeit more modest than broader state and national trends, potentially offering a more affordable entry point with room for appreciation.
Residential Energy Tax Credit Per Tax Return in Richland County, ND Over the Last 8 Years
Over the last eight years, Richland County, North Dakota has seen fluctuations in the average residential energy tax credit per tax return, with peaks around 2014 at $625.00 and 2020 at $825.00. Notably, there was a significant increase between 2018 and 2019, rising to $788.89. For investors, real estate agents, or builders, these variations could suggest varying levels of investment in energy-efficient home improvements, potentially influencing future property values and insurance considerations based on energy efficiency trends.
Average Real Estate Taxes Per Tax Return in Richland County, ND Over the Last 10 Years
Over the past decade in Richland County, North Dakota, there has been a noticeable upward trend in average real estate taxes per tax return, increasing from approximately $3,047.57 in 2012 to around $5,076.47 in 2021. This gradual rise suggests a growing property market, which might be indicative of economic growth or increasing property values in the area. Potential investors and property developers should consider this trend as it could impact future returns and overall investment strategy. For homeowners and those looking to move to Richland County, it's crucial to factor in these rising tax costs when budgeting for property expenses.
Percentage of Farm Returns in Richland County, ND Over the Last 10 Years
Farm tax returns in Richland County, North Dakota, represented roughly 10.71% of total returns in 2012. This percentage dipped slightly to about 10.53% in 2013 and then saw minor fluctuations, remaining just above or below 10.64% until 2016. A gradual yet apparent decline continued, hitting approximately 9.82% by 2020, with a slight uptick to 9.91% in 2021. For those eyeing investments or relocations in this area, understanding this trend may suggest evolving economic conditions that could impact land value, agricultural incentives, or broader regional economic health.
Number of Mortgages by Occupancy Type in Richland County, ND Over the Last 5 Years in Richland County
Richland County, North Dakota has shown noticeable changes in mortgage counts across different occupancy types over the last five years. Principal residences dominate the mortgage landscape, peaking in 2020 and 2021 with over 800 mortgages but dropping significantly in 2022. Investment property mortgages have seen a gradual increase, though they remain much lower compared to principal residences. Second residence mortgages stayed stable but minimal. These trends might indicate fluctuating housing market dynamics, investor confidence, and changing lifestyle preferences, which could influence property values, insurance policies, and real estate strategies. Understanding these shifts could be essential for anyone looking to invest, develop, or appraise property in the area.
Economic Outlook
Richland County, North Dakota has seen a rise in average taxable income per tax return from $63,877.76 in 2013 to $79,029.69 in 2021, with a significant jump between 2018 and 2021. Fluctuations in average state and local income taxes were also noted, peaking at $5,763.10 in 2013 then dropping to $3,547.30 in 2017, before climbing to $5,394.74 by 2021. Average total tax liability per tax return experienced a dip to $9,151.07 in 2019 but rebounded to $11,597.58 in 2021. These trends suggest... Read more
Average Taxable Income per Tax Return in Richland County, ND over the last 9 years
Richland County, North Dakota has seen a notable upward trend in average taxable income per tax return over the past nine years. From 2013 to 2021, the average income increased from approximately $63,877.76 to $79,029.69. Particularly, there was a significant jump between 2018 and 2021, indicating potential economic growth or increased earning opportunities. This trend could pique the interest of investors and real estate agents looking at the region's economic health, offering a positive outlook for those considering property investment, job opportunities, or new business ventures in Richland County.
Average State and Local Income Taxes Per Tax Return in Richland County, ND Over the Last 10 Years
Over the past decade, Richland County, North Dakota has experienced fluctuations in average state and local income taxes per tax return. Notably, taxes peaked at around $5,763.10 in 2013 before dropping to a low of approximately $3,547.30 in 2017. By 2021, the average taxes had climbed back to about $5,394.74. This variability could be indicative of changing economic conditions, policy adjustments, or demographic shifts, which might be relevant for potential investors, real estate developers, and other stakeholders considering opportunities in the area.
Average Total Tax Liability Per Tax Return in Richland County, ND Over the Last 10 Years
Over the past decade, Richland County, North Dakota, has shown notable fluctuations in average total tax liability per tax return. Despite a dip between 2012 and 2019, which saw liabilities drop to $9,151.07 in 2019, there was a substantial rebound in 2021 with an average liability of $11,597.58. This variability could influence decisions for potential investors, real estate agents, and insurance assessors, indicating periods of economic change or policy impacts that reflect broader market trends. Adjustments in tax liabilities are crucial for anyone considering long-term financial plans or property investments in the area.
Cost of Living in Richland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,516 | $1,754 | $873 | $818 |
| 1 adult 4 children | $1,174 | $1,238 | $1,340 | $873 | $949 |
| 2 adults 3 children | $1,174 | $1,239 | $1,523 | $873 | $637 |
| 1 adult 3 children | $1,174 | $1,011 | $1,109 | $873 | $690 |
| 2 adults 2 children | $826 | $1,014 | $1,291 | $785 | $542 |
| 1 adult 2 children | $826 | $757 | $877 | $785 | $490 |
| 2 adults 1 child | $826 | $801 | $1,059 | $498 | $575 |
| 1 adult 1 child | $826 | $518 | $645 | $498 | $476 |
| 2 adults | $628 | $644 | $828 | $0 | $510 |
| 1 adult | $623 | $351 | $414 | $0 | $434 |
Safety trends & Data
Richland County, North Dakota, has seen varying property crime trends over the past five years. Burglary and motor vehicle theft arrests notably spiked in 2019 with 23 and 24 incidents, respectively, compared to just 3 and 6 in 2018. Larceny-theft, the most prevalent crime, dropped significantly from 48 in 2019 to 19 in 2021. Vandalism and fraud have also fluctuated, peaking at 41 and 12 incidents, respectively. These trends suggest potential volatility in property crime, which could influence... Read more
Property Crime Trends in Richland County, ND Over the Last 5 Years
Richland County, North Dakota, has experienced varying trends in property crimes over the past five years. Notably, 2019 saw a spike in burglary and motor vehicle theft arrests, with 23 and 24 incidents, respectively, compared to just 3 and 6 in 2018. Larceny-theft has remained the most prevalent crime but showed a significant drop from 48 in 2019 to 19 in 2021. Vandalism and fraud have fluctuated, with vandalism peaking at 41 incidents in 2019 and fraud hitting a high of 12 incidents in 2020. Such trends suggest potential volatility in property crime, impacting decisions for real estate investments, insurance underwriting, and community safety assessments.
Demographics
Richland County, North Dakota, exhibits a marginally higher male adult population, hovering around 6,636 compared to 6,226 females. Educational attainment reveals a community with a significant chunk of high school graduates and those with some college experience, while bachelor's and graduate degree holders mark a smaller proportion. Age distribution suggests a balanced mix with noticeable clusters in the under-10 and 55 to 64 age groups, hinting at a potentially aging population. Racial... Read more
Race Distribution in Richland County, North Dakota (2022)
Educational Attainment in Richland County, North Dakota (2022)
Age Distribution in Richland County, North Dakota
Citizen Population in Richland County, North Dakota (2022)
Political Trends & Data
Richland County, North Dakota shows a strong Republican preference, with the 2020 Presidential Election results indicating about 65% of the vote went to the Republican candidate. Democrats received around 32%, highlighting a significant gap. Libertarians and other parties collectively accounted for less than 4%. This conservative leaning could potentially impact local policies and real estate trends, perhaps making it more attractive for those sharing similar political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Richland County in North Dakota appears to lean heavily Republican, with roughly 65% of the vote going to the Republican candidate in the 2020 U.S. Presidential Election. Democrats garnered about 32%, indicating a significant gap between the two major parties. The Libertarian party captured approximately 2.4%, while other parties made up less than 1%. These figures suggest a strong conservative preference among voters in this county.
64.93% of voters voted for the Republican party in the 2020 Presidential Election
32.13% of voters voted for the Democrat party in the 2020 Presidential Election
2.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.50% of voters voted for the Other party in the 2020 Presidential Election
School Data
Richland County, North Dakota, has consistently maintained a student-to-teacher ratio between 10 and 12.6 students per teacher over the past decade, lower than the national average of 14. This suggests smaller class sizes and potentially more individualized attention for students, which can be appealing for families. For investors and real estate agents, these stats could underscore educational advantages and possibly higher property valuations, which might interest those looking to appraise or... Read more
Student-to-teacher ratio in Richland County, North Dakota over the last 10 years
Over the past decade, Richland County, North Dakota has largely maintained a student-to-teacher ratio below the national average of 14 students per teacher, with ratios fluctuating between 10 and 12.6 students per teacher. These lower ratios might suggest smaller class sizes and potentially more individualized attention for students, which can be an attractive point for families considering a move to the area. For investors or real estate agents, these statistics could be leveraged to highlight the educational benefits of the county. Additionally, lower student-to-teacher ratios often correlate with higher property valuations, which might interest those looking to appraise or insure homes in the region.
