Slope County Real Estate and Livability Trends
Slope County, North Dakota has seen median home values ranging from $89,300 in 2017 to $109,900 in 2022, diverging from the more steady state and national trends. The county's potential growth in agricultural activities, indicated by a peak of 57.58% in farm tax returns in 2016 and stabilization around 52.07% in 2021, might impact land demand. Mortgage issuance for principal residences has been... Read more
Slope County Market Trends
Slope County, North Dakota has seen median home values fluctuate between $89,300 in 2017 and $109,900 in 2022, diverging from the more consistent increases seen statewide and nationally. Farm tax returns in the area have also shown a generally upward trend, peaking at 57.58% in 2016 and stabilizing around 52.07% in 2021, signaling potential growth in agricultural activities. Mortgage issuance for... Read more
Median Value of Occupied Housing Units in Slope County, North Dakota Over the Last 8 Years
Slope County, North Dakota has experienced fluctuations in its median home values over the past eight years, with values as low as $89,300 in 2017 and trending up to $109,900 in 2022. While Slope County saw this range of variation, median home values in North Dakota consistently increased from $153,800 in 2015 to $232,500 in 2022. Nationally, median home values also rose from $125,500 in 2015 to $179,400 in 2022. This indicates that Slope County may present diverse investment opportunities, especially when compared to the more stable upward trends seen at the state and national levels.
Percentage of Farm Returns in Slope County, ND Over the Last 10 Years
Farm tax returns in Slope County, North Dakota have shown a fluctuating yet generally upward trend over the last decade. Farm returns were around 48.57% in 2012 and 2013, rose notably to 57.58% in 2016, then peaked again at 54.84% in 2018. By 2021, the percentage slightly increased to 52.07%. These trends could suggest resilience and a modest growth in agricultural activities, which might be appealing for potential investors, property builders, or residents looking for stable economic indicators in the region.
Number of Mortgages by Occupancy Type in Slope County, ND Over the Last 5 Years in Slope County
Slope County, North Dakota has seen fluctuations in the number of mortgages for principal residences over the past five years. In 2018 and 2019, there were 10 mortgages each year, followed by a decrease to 4 in 2020 and 2022, with a spike to 13 in 2021. This data suggests potential variability in housing demand or economic conditions impacting buying trends. Such shifts can be significant for investors gauging market stability, real estate agents understanding client needs, and insurance agents assessing risk-related factors. These changes could also influence appraisers and developers in terms of property valuation and construction projects.
Economic Outlook
Slope County, North Dakota, has experienced notable volatility in average taxable income per tax return over the past decade, with a peak of around $109,536.36 in 2014 and a low of about $49,535.48 in 2020. Average state and local income taxes also showed significant fluctuations, peaking at $5,333.33 in 2013 and dropping to $1,950.00 by 2016. Similarly, the average total tax liability per return exhibited fluctuating trends, with peaks in 2014 ($17,848.28) and 2021 ($13,316.67). These economic... Read more
Average Taxable Income per Tax Return in Slope County, ND over the last 9 years
Over the past nine years in Slope County, North Dakota, the average taxable income per tax return has shown considerable volatility. Notably, the highest peak was in 2014 at approximately $109,536.36, while the lowest dip occurred in 2020, around $49,535.48. This fluctuation suggests a dynamic economic environment, potentially influenced by local industries such as agriculture or energy. The recent rise to about $76,196.55 in 2021 might indicate an economic recovery or a shift in the local job market. For investors, real estate agents, and others with financial stakes in the region, understanding these income trends could provide valuable insights for making informed decisions.
Average State and Local Income Taxes Per Tax Return in Slope County, ND Over the Last 5 Years
Slope County, North Dakota has seen significant fluctuations in average state and local income taxes per tax return over the past five years. Taxes peaked in 2013 at an average of $5,333.33, but experienced a dramatic decline by 2016, falling to $1,950.00. These trends could suggest changing economic conditions or legislative adjustments affecting local tax policies, which might influence investment and residential decisions. The volatile tax landscape might also be an important consideration for appraisers and insurance agents assessing property values and risks in the area.
Average Total Tax Liability Per Tax Return in Slope County, ND Over the Last 10 Years
Slope County, North Dakota has shown fluctuating trends in average total tax liability per return over the past decade. Peaks in 2014 ($17,848.28) and 2021 ($13,316.67) suggest periodic economic shifts, while lower figures like 2020's $8,704.00 might indicate temporary downturns or policy changes. These trends are useful for appraisers, insurance agents, and real estate stakeholders to gauge economic health and property valuation implications in the area.
Cost of Living in Slope County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,218 | $1,488 | $1,754 | $997 | $1,015 |
| 1 adult 4 children | $1,218 | $1,215 | $1,340 | $997 | $1,207 |
| 2 adults 3 children | $1,218 | $1,216 | $1,523 | $997 | $811 |
| 1 adult 3 children | $1,218 | $992 | $1,109 | $997 | $924 |
| 2 adults 2 children | $857 | $995 | $1,291 | $895 | $661 |
| 1 adult 2 children | $857 | $743 | $877 | $895 | $649 |
| 2 adults 1 child | $857 | $786 | $1,059 | $564 | $672 |
| 1 adult 1 child | $857 | $508 | $645 | $564 | $569 |
| 2 adults | $667 | $632 | $828 | $0 | $581 |
| 1 adult | $663 | $345 | $414 | $0 | $481 |
Demographics
Slope County, North Dakota, displays intriguing demographic features. The adult population is marginally male-dominant. Educational attainment appears varied but leans heavily towards high school graduates and those with some college experience. The largest age group is 55 to 64 years, hinting at an aging community. Racially, the county is almost entirely White, with minimal representation from other... Read more
Race Distribution in Slope County, North Dakota (2022)
Educational Attainment in Slope County, North Dakota (2022)
Age Distribution in Slope County, North Dakota
Citizen Population in Slope County, North Dakota (2022)
Political Trends & Data
Slope County, North Dakota, leans heavily Republican, with nearly 89% of the 2020 Presidential Election votes favoring GOP candidates and Democrats securing roughly 10%. This significant gap might indicate strong, possibly long-standing political preferences. While third-party votes were negligible, accounting for less than 1%, this predominant voting pattern could influence local real estate trends and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Slope County, North Dakota, demonstrates a strong preference for Republican candidates, with nearly 89% of the votes cast in their favor during the 2020 U.S. Presidential Election. By comparison, Democrats captured about 10%, reflecting a significant gap. Votes for Libertarian and other parties were minimal, collectively accounting for less than 1%. This voting pattern might suggest a deeply ingrained political inclination, though it’s always possible for dynamics to shift in future elections.
88.99% of voters voted for the Republican party in the 2020 Presidential Election
10.30% of voters voted for the Democrat party in the 2020 Presidential Election
0.47% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Slope County, North Dakota, has experienced notable fluctuations in its student-to-teacher ratio, peaking at approximately thirteen students per teacher in 2020 and currently sitting at seven in 2023, well below the national average of fourteen. This lower ratio could suggest more personalized attention for students, potentially boosting the area's appeal for families and educational investors. Real estate agents might see this as a strong selling point, highlighting the benefits of smaller... Read more
Student-to-teacher ratio in Slope County, North Dakota over the last 10 years
Over the last decade, Slope County, North Dakota, has seen fluctuations in its student-to-teacher ratio, with the lowest ratio at approximately five students per teacher in 2018 and the highest around thirteen in 2020. Despite the recent peak, the 2023 ratio of seven students per teacher is well below the national average of fourteen. These lower ratios might indicate more personalized attention for students, potentially making the area more attractive for families and educational investors. Real estate agents and appraisers could view this as a positive selling point, whereas insurance agents might note the potential for more community engagement and lower risks associated with a smaller student population.
