Sargent County Real Estate and Livability Trends
Sargent County, North Dakota offers an intriguing real estate market potentially attractive to investors. Over the years, average taxable income per tax return has grown, peaking at $78,198.50 in 2021, while median home values in 2022 stood at $134,900, significantly below both state and national averages. Real estate taxes have generally increased, hitting an average of $3,133.33 in 2021,... Read more
Sargent County Market Trends
Sargent County, North Dakota presents an intriguing option for potential buyers and investors with its median home value standing at $134,900 in 2022, well below the state average of $232,500 and the national average of $179,400. The modest yet consistent increase in home values signals growing local demand and a possible upward trend in future value gains. Over the last eight years, real estate... Read more
Median Value of Occupied Housing Units in Sargent County, North Dakota Over the Last 8 Years
While Sargent County, North Dakota has seen steady increases in median home values over the past eight years, the growth trajectory is still significantly behind both the state and national averages. By 2022, Sargent County's median home value reached $134,900, considerably lower than North Dakota's $232,500 and the national average of $179,400. For potential investors and homebuyers, this could indicate more affordable entry points in Sargent County, making it an intriguing option against higher-priced markets. However, the rapid appreciation suggests growing local demand and could hint at future value gains.
Residential Energy Tax Credit Per Tax Return in Sargent County, ND Over the Last 7 Years
In Sargent County, North Dakota, the average residential energy tax credit per tax return has fluctuated over the past seven years, starting at $316.67 in 2013, then dropping significantly and stabilizing around $183.33 between 2014 and 2015. Although there was a slight increase in 2016 to $200.00, the average hovered around that same value until 2021 when it dipped again to $175.00. These trends could indicate varying levels of investment in energy-efficient home improvements or changing policies influencing tax credits. This data might influence decisions for investors, insurance agents, and real estate professionals by providing insights into local homeowner behavior and the potential financial incentives for energy-efficient home upgrades.
Average Real Estate Taxes Per Tax Return in Sargent County, ND Over the Last 8 Years
Sargent County, North Dakota has seen a generally upward trend in average real estate taxes per tax return over the last eight years. From 2012 to 2021, the average taxes increased from around $2,258.33 to $3,133.33 with a peak of approximately $3,300 in 2020. There were fluctuations, such as a slight dip in 2013 and a significant rise in 2016. This could signal a growing property market and might hint at increasing property values, which would be crucial information for investors, real estate agents, and appraisers.
Percentage of Farm Returns in Sargent County, ND Over the Last 10 Years
Farm tax returns in Sargent County, North Dakota appear to hover between 17% and 20% over the past decade. These filings reflect the proportion of tax returns that report some farm income, signaling an economy where agriculture likely holds a significant role. For prospective investors, understanding this agricultural trend could indicate potential opportunities or risks associated with fluctuating yields and farm income stability. Likewise, newcomers or current residents interested in tapping into local agribusiness or seeking properties with farming capabilities should be aware of this consistent farming presence in the area.
Number of Mortgages by Occupancy Type in Sargent County, ND Over the Last 5 Years in Sargent County
Sargent County, North Dakota's real estate market shows that principal residence mortgages have consistently dominated over the last five years, with substantial growth in 2021 and 2020 reaching 150 and 140, respectively. Investment property mortgages remain quite low, peaking at only 2 in 2022 alongside one other year. Second residence mortgages are minimal, surfacing slightly in 2020 and 2019. This skew toward principal residences suggests a stable, possibly family-oriented community which is crucial for buyers and investors aiming for long-term returns. For appraisers and insurance agents, these trends can indicate a lower risk profile due to the predominance of owner-occupied homes. Builders and real estate agents might also find more lucrative opportunities developing or selling primary residences compared to investments or vacation homes.
Economic Outlook
In Sargent County, North Dakota, average taxable income per tax return has seen notable growth since 2017, peaking at $78,198.50 in 2021, making the area potentially attractive to investors and property developers. Meanwhile, state and local income taxes have fluctuated, with recent averages between $3,400.00 and $4,100.00, offering a glimpse into the county's financial stability. Total tax liabilities have also varied, showing a consistent rise from 2018 to 2021, which might interest potential... Read more
Average Taxable Income per Tax Return in Sargent County, ND over the last 9 years
Average taxable income per tax return in Sargent County, North Dakota has shown variability over the past nine years, with significant growth after 2017. Originally around $63,379.41 in 2013, it dipped to around $57,934.80 in 2015. However, the more recent years present a remarkable upward trend, with an average income peaking at $78,198.50 in 2021. This progressive increase might be attractive for potential investors and property developers as it suggests economic resilience and growth. For insurance agents and appraisers, this rise in taxable income could reflect an increase in the overall value and quality of assets in the region.
Average State and Local Income Taxes Per Tax Return in Sargent County, ND Over the Last 9 Years
Over the past nine years in Sargent County, North Dakota, state and local income taxes per tax return have shown significant fluctuations. For instance, values peaked in 2013 at $5,346.15, then notably dropped to $2,790.00 in 2014. In more recent years, there's an observable average range around $3,400.00 to $4,100.00, which could be relevant for potential investors and real estate agents in assessing tax liabilities. These trends provide a lens into the county's financial landscape, helping insurance agents, property builders, and homeowners gauge economic consistency and plan accordingly.
Average Total Tax Liability Per Tax Return in Sargent County, ND Over the Last 10 Years
Over the last decade, Sargent County, North Dakota has seen fluctuations in average total tax liability per tax return, ranging from a low of $8,417.75 in 2018 to a high of $11,025.15 in 2021. Investors and those looking to move to the area might be interested in the consistent upward trend from 2018 through 2021, suggesting economic growth or changes in taxation policies. This variability in tax liabilities can be a critical consideration for appraisers and real estate agents assessing property values and market conditions in the county.
Cost of Living in Sargent County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,099 | $1,544 | $1,754 | $882 | $860 |
| 1 adult 4 children | $1,099 | $1,261 | $1,340 | $882 | $1,005 |
| 2 adults 3 children | $1,099 | $1,262 | $1,523 | $882 | $671 |
| 1 adult 3 children | $1,099 | $1,030 | $1,109 | $882 | $736 |
| 2 adults 2 children | $826 | $1,033 | $1,291 | $793 | $586 |
| 1 adult 2 children | $826 | $771 | $877 | $793 | $547 |
| 2 adults 1 child | $826 | $816 | $1,059 | $501 | $612 |
| 1 adult 1 child | $826 | $527 | $645 | $501 | $511 |
| 2 adults | $648 | $656 | $828 | $0 | $546 |
| 1 adult | $644 | $358 | $414 | $0 | $460 |
Safety trends & Data
Sargent County, North Dakota, has experienced fluctuating property crime activity over the last five years, with larceny-theft peaking at 3 cases in 2018. Other crimes like arson and motor vehicle theft appear intermittently, while embezzlement and fraud spike occasionally. These crime trends might signal shifts in local security influenced by economic and social factors, a crucial consideration for investors, real estate agents, and potential... Read more
Property Crime Trends in Sargent County, ND Over the Last 5 Years
Over the last five years, Sargent County, North Dakota, has seen relatively low but varied property crime activity. While larceny-theft has been a somewhat consistent issue, peaking at 3 cases in 2018, other crimes such as arson and motor vehicle theft have appeared intermittently. Interestingly, low-incidence crimes like embezzlement and fraud also pop up sporadically, suggesting occasional spikes in certain property crimes. This fluctuating pattern could indicate underlying shifts in local security, possibly driven by both economic and social factors, which could be particularly pertinent for investors, real estate agents, and those considering relocation.
Demographics
Sargent County, North Dakota exhibits a predominantly White demographic while other races remain a smaller proportion of the population, suggesting less racial diversity. The male population slightly outpaces the female, indicating potential considerations for community planning and services. Educational attainment trends reveal a high proportion of residents with a high school degree or some college education but relatively fewer individuals with advanced degrees. The age distribution skews... Read more
Race Distribution in Sargent County, North Dakota (2022)
Educational Attainment in Sargent County, North Dakota (2022)
Age Distribution in Sargent County, North Dakota
Citizen Population in Sargent County, North Dakota (2022)
Political Trends & Data
Sargent County, North Dakota demonstrated a strong conservative leaning during the 2020 U.S. Presidential Election, with around 61% of the vote favoring Republicans. However, with Democrats securing about 36%, it's clear there's a significant base that doesn't align strictly with GOP ideals. This might hint at diverse political views within the community, which could influence local policy and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sargent County in North Dakota leaned heavily Republican in the 2020 U.S. Presidential Election, with around 61% of voters casting their ballots for the GOP. Democrats captured about 36% of the vote, while Libertarians garnered just under 3%. Votes for other parties were negligible. This distribution suggests a strong conservative preference, though a notable portion of the electorate supported Democratic candidates.
61.16% of voters voted for the Republican party in the 2020 Presidential Election
35.65% of voters voted for the Democrat party in the 2020 Presidential Election
3.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sargent County, North Dakota has experienced a notable decline in its student-to-teacher ratio, dropping from 9 students per teacher in 2014 to approximately 7 students per teacher in 2023. With the national average around 14 students per teacher, Sargent County's lower ratios might appeal to families valuing smaller class sizes and more personalized education. For real estate professionals, this trend suggests a community investing in education, which could enhance property values and attract... Read more
Student-to-teacher ratio in Sargent County, North Dakota over the last 10 years
Over the past decade, Sargent County, North Dakota has seen a consistent decline in its student-to-teacher ratio, dropping from 9 students per teacher in 2014 to approximately 7 students per teacher in 2023. This trend might signal smaller class sizes and potentially more individualized attention for students, values that can be particularly compelling for prospective residents or investors in the educational sector. Given that the national average hovers around 14 students per teacher, Sargent County stands out for its lower ratios, which could be an attractive factor for families prioritizing educational environments. For appraisers, real estate agents, or builders, this downward trend may reflect a community investing more heavily in education resources, potentially enhancing property values over time. Insurance agents might also see this as an indicator of reduced risk environments due to potentially lower rates of student-related issues.
