Sheridan County Real Estate and Livability Trends
Sheridan County, North Dakota is showing promising economic growth with average taxable income per tax return peaking at $59,043.33 in 2021 and a notable decrease in state and local income taxes from 2012 to 2017, potentially indicating tax incentives. The real estate market has experienced an increase with median home values rising from $69,600 in 2015 to $108,500 in 2022, still making it an... Read more
Sheridan County Market Trends
Sheridan County, North Dakota's real estate market reveals a steady increase in median home values from $69,600 in 2015 to $108,500 in 2022, though still lagging behind state and national averages. This can suggest Sheridan County is an affordable alternative for budget-conscious buyers. Real estate taxes have fluctuated but generally stabilized around $600.00, possibly affecting investment... Read more
Median Value of Occupied Housing Units in Sheridan County, North Dakota Over the Last 8 Years
Sheridan County, North Dakota's median home values have shown a consistent upward trend over the past eight years, rising from $69,600 in 2015 to $108,500 in 2022. This growth, while significant, is still well below North Dakota's state average, which increased from $153,800 in 2015 to $232,500 in 2022, and the national average, which climbed from $125,500 to $179,400 over the same period. This disparity suggests that Sheridan County could offer more affordable housing options compared to broader state and national markets, potentially appealing to cost-conscious buyers and investors seeking value in a less saturated market.
Average Real Estate Taxes Per Tax Return in Sheridan County, ND Over the Last 6 Years
Sheridan County, North Dakota has experienced fluctuations in average real estate taxes per tax return over the last six years. In 2012, the average tax was $600.00, dipped to $450.00 in 2013, and then saw a series of increases, reaching $650.00 by 2016 before slightly dropping back to $600.00 in 2017. This trend indicates a relatively stable but slightly increasing tax burden, which could influence decisions for potential homeowners, investors, and real estate professionals considering properties in the area.
Percentage of Farm Returns in Sheridan County, ND Over the Last 10 Years
Farm tax returns in Sheridan County, North Dakota over the past decade have shown fluctuations, with a general trend oscillating around the 37% to 41% range. The highest reported percentage was in 2019 at approximately 40.68%, while the lowest was in 2017 at around 35.48%. This data indicates that while farming remains a significant part of the local economy, there is variability in the reliance on farm income. For those interested in investing or relocating, this trend implies a relatively stable, yet somewhat variable agricultural sector in Sheridan County, making it both a promising and potentially challenging area for farming-related ventures.
Number of Mortgages by Occupancy Type in Sheridan County, ND Over the Last 5 Years in Sheridan County
Sheridan County, North Dakota shows a fluctuating trend in mortgage activities, with principal residence mortgages peaking in 2020 and then dipping in subsequent years. Investment property mortgages are sparse, peaking slightly in 2020 but nearly disappearing by 2022. Second residence mortgages remain minimal throughout the period. These changes in occupancy type signals shifts in housing demand and investment priorities, impacting property values, insurance risks, and builder interests. Real estate agents and investors should consider these trends as indicators of the market's evolving dynamics, potentially shaping new strategies for future opportunities in Sheridan County.
Economic Outlook
Sheridan County, North Dakota has seen an upward trend in average taxable income per tax return from 2013 to 2021, peaking at $59,043.33 in 2021. This growth suggests the county could be developing economically, making it an attractive option for property investment and development. Concurrently, residents experienced a significant decline in state and local income taxes per tax return, from $2,675.00 in 2012 to $1,550.00 by 2017, potentially signaling tax incentives or broader economic... Read more
Average Taxable Income per Tax Return in Sheridan County, ND over the last 9 years
From 2013 to 2021, average taxable income per tax return in Sheridan County, North Dakota fluctuated but showed an overall upward trend. Despite dips like those seen in 2015 ($45,541.54) and 2017 ($45,314.52), recent years marked significant increases, peaking at $59,043.33 in 2021. This suggests potential economic growth and resilience, making Sheridan County an appealing area for investment and property development. However, year-to-year fluctuations imply underlying economic variables that should be considered by appraisers, real estate agents, and potential new residents.
Average State and Local Income Taxes Per Tax Return in Sheridan County, ND Over the Last 5 Years
Over the past five years, Sheridan County, North Dakota has experienced a notable decline in the average state and local income taxes per tax return. Starting at $2,675.00 in 2012, taxes decreased year-over-year, dropping to $1,550.00 by 2017. This steady reduction might suggest potential tax incentives or economic shifts that could be appealing for investors, new residents, appraisers, and real estate professionals. Lower tax burdens can enhance the appeal of this locale, especially when considering property investments or relocations.
Average Total Tax Liability Per Tax Return in Sheridan County, ND Over the Last 10 Years
Sheridan County, North Dakota has experienced fluctuations in average total tax liability per tax return over the last decade, peaking at $9,671.74 in 2021. Notable dips occurred in 2015 and 2016, with liabilities around $7,439.22 and $7,434.69, respectively. The variability in tax liabilities could imply economic shifts or policy changes impacting residents. For potential investors or real estate agents, these trends might influence property values and fiscal policy considerations. Those moving to the area or currently residing there might take these fluctuations as a financial planning factor.
Cost of Living in Sheridan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,218 | $1,516 | $1,754 | $813 | $890 |
| 1 adult 4 children | $1,218 | $1,238 | $1,340 | $813 | $1,044 |
| 2 adults 3 children | $1,218 | $1,239 | $1,523 | $813 | $697 |
| 1 adult 3 children | $1,218 | $1,011 | $1,109 | $813 | $770 |
| 2 adults 2 children | $857 | $1,014 | $1,291 | $731 | $581 |
| 1 adult 2 children | $857 | $757 | $877 | $731 | $538 |
| 2 adults 1 child | $857 | $801 | $1,059 | $465 | $611 |
| 1 adult 1 child | $857 | $518 | $645 | $465 | $506 |
| 2 adults | $667 | $644 | $828 | $0 | $545 |
| 1 adult | $663 | $351 | $414 | $0 | $454 |
Safety trends & Data
Property crime in Sheridan County, North Dakota remains minimal with sporadic cases over the past two years. In 2020, there was a lone report of fraud, while 2022 saw one case each of burglary and larceny-theft. This relatively low yet varied crime profile might appeal to investors, homeowners, and real estate professionals as an indicator of a safe environment. Additionally, insurance agents could view the low crime rates as a positive factor for assessing risk and determining... Read more
Property Crime Trends in Sheridan County, ND Over the Last 2 Years
Property crime in Sheridan County, North Dakota has seen sporadic instances with minimal frequency over the past two years. In 2020, there was a single reported case of fraud, while 2022 noted one case each of burglary and larceny-theft. These figures suggest that property crime in this area is relatively low but diversified in nature. For potential investors, homeowners, and real estate professionals, this could imply a level of safety that may be appealing for residential development and business investments. Insurance agents may find the low crime rates favorable for assessing risk and setting premiums.
Demographics
Sheridan County, North Dakota has a relatively balanced gender distribution with slightly more males than females. Educational attainment skews heavily towards high school graduates and those with some college but no degree, which might suggest a workforce that's capable but perhaps not highly specialized. The age distribution shows an aging population, with a notable portion over 65, indicating potential future challenges in healthcare and services for seniors. The racial demographic is... Read more
Race Distribution in Sheridan County, North Dakota (2022)
Educational Attainment in Sheridan County, North Dakota (2022)
Age Distribution in Sheridan County, North Dakota
Citizen Population in Sheridan County, North Dakota (2022)
Political Trends & Data
Sheridan County, North Dakota appears to have a significantly conservative voter base, with Republicans seemingly securing nearly 85% of the vote in the 2020 U.S. Presidential Election. In contrast, Democrats might have captured just around 13%, and Libertarians along with other parties together possibly garnered about 2%. This data may indicate a robust conservative influence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sheridan County, North Dakota, the 2020 U.S. Presidential Election results leaned heavily Republican, with the GOP possibly securing nearly 85% of the votes. The Democrats trailed significantly, potentially receiving around 13%, while Libertarians and other parties together garnered a small fraction of the vote, likely hovering around 2%. The data might suggest a strong conservative presence in the county.
84.73% of voters voted for the Republican party in the 2020 Presidential Election
12.81% of voters voted for the Democrat party in the 2020 Presidential Election
1.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.49% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sheridan County, North Dakota has seen its student-to-teacher ratio fluctuate from 4 in 2014 to a peak of 7 in 2023, staying well below the national average of 14. This trend could be appealing to families seeking personalized education and might attract investors in educational projects or real estate agents marketing to families. The consistently lower ratios hint at potential benefits in educational outcomes for the... Read more
Student-to-teacher ratio in Sheridan County, North Dakota over the last 10 years
Sheridan County, North Dakota has experienced notable fluctuations in its student-to-teacher ratio over the last decade, averaging significantly below the national average of 14 students per teacher. From 4 in 2014 to a peak of 7 in 2023, the lower ratios could be appealing for those seeking personalized education for their children. These trends might interest families prioritizing educational quality and smaller class sizes, as well as attracting investors in educational projects, real estate agents marketing to families, or appraisers considering community assets. This lower student-to-teacher ratio suggests potential benefits in educational outcomes in the area.
