Steele County Real Estate and Livability Trends
Steele County, North Dakota has seen its home values nearly double from $74,900 in 2015 to $119,900 in 2022, offering potential investment opportunities that surpass statewide and national trends. Fluctuating real estate taxes, peaking at $2,366.67 in 2017 and dropping to $1,716.67 in 2015, suggest variable property tax pressures worth noting for investors. With mortgage counts peaking for... Read more
Steele County Market Trends
Home values in Steele County, North Dakota have nearly doubled from $74,900 in 2015 to $119,900 in 2022, indicating potential investment opportunities. This surge outpaces increases seen both statewide and nationally. Meanwhile, real estate taxes in the county have fluctuated significantly, peaking at $2,366.67 in 2017 but dropping to $1,716.67 in 2015, signaling variable property tax pressures... Read more
Median Value of Occupied Housing Units in Steele County, North Dakota Over the Last 8 Years
Home values in Steele County, North Dakota have seen substantial growth over the past eight years, increasing from $74,900 in 2015 to $119,900 in 2022. This trend mirrors broader state and national growth but at different rates. For context, North Dakota's overall median home value jumped from $153,800 to $232,500, and nationally, home values rose from $125,500 to $179,400 within the same period. The relatively rapid appreciation in Steele County could signal emerging investment opportunities, especially in comparison to the state's higher and rising median values.
Average Real Estate Taxes Per Tax Return in Steele County, ND Over the Last 6 Years
Over the past six years, the average real estate taxes per tax return in Steele County, North Dakota have shown significant fluctuations, with a peak at $2,366.67 in 2017 and a notable dip to $1,716.67 in 2015. These changes suggest variable property tax pressures that could impact financial planning for investors and homeowners. This volatility is key for appraisers and insurance agents who need to accurately assess property values and risks. Real estate agents and developers might find these trends useful when advising clients or planning new projects.
Percentage of Farm Returns in Steele County, ND Over the Last 10 Years
The percentage of farm tax returns in Steele County, North Dakota has shown some fluctuations over the past decade, ranging from a low of approximately 22.92% in 2014 to a high of around 26.88% in 2019. While there is no clear upward or downward trend, these variations can provide insights for potential investors or those interested in agricultural development in the area. Farm tax returns often signal the local farming community's economic health and land usage trends, which are crucial for understanding the stability and growth potential in Steele County.
Number of Mortgages by Occupancy Type in Steele County, ND Over the Last 5 Years in Steele County
Steele County, North Dakota has observed notable fluctuations in mortgage counts for different occupancy types over the last five years, with the predominant category being principal residences. In particular, there was a peak in 2021, which might signal increased stability or a possible influx of new residents seeking primary homes. The sparse numbers for investment properties suggest limited interest in rental units or investment opportunities, which could impact rental market viability. The variable but small counts for second residences indicate that vacation or secondary home investments are not a significant trend. These patterns are critical for investors, appraisers, and real estate agents as they highlight demand dynamics and investment potential in the area.
Economic Outlook
Steele County, North Dakota has experienced notable economic fluctuations with average taxable income per tax return dipping to $60,173.74 in 2015 and peaking at $96,114.61 in 2021. The decrease in average state and local income taxes from $5,800.00 in 2012 to $3,350.00 in 2017 signals a potentially more favorable tax climate. Despite a varied trajectory in total tax liability, hitting a low of $10,787.18 in 2015 and rebounding to $15,127.27 in 2021, these dynamics might hint at a recovering... Read more
Average Taxable Income per Tax Return in Steele County, ND over the last 9 years
Steele County, North Dakota has seen significant fluctuations in average taxable income per tax return over the past nine years, with notable dips in 2015 at $60,173.74 and growth peaking in 2021 at $96,114.61. This inconsistency indicates a dynamic economic landscape, suggesting potential opportunities and risks for investors and real estate professionals. For those looking to build or purchase property, understanding these trends might help in assessing the financial health and stability of the area. Insurance agents and appraisers could also find this data useful for evaluating property values and insurance risks.
Average State and Local Income Taxes Per Tax Return in Steele County, ND Over the Last 6 Years
Over the past six years in Steele County, North Dakota, average state and local income taxes per tax return have decreased from $5,800.00 in 2012 to $3,350.00 in 2017. This downward trend could indicate a more favorable tax environment for prospective investors and residents. Real estate agents, appraisers, builders, and insurance agents might find this beneficial when promoting the area, as lower taxes can be a significant draw for homebuyers and investors looking to maximize their returns.
Average Total Tax Liability Per Tax Return in Steele County, ND Over the Last 10 Years
Steele County, North Dakota has shown a varied trajectory in average total tax liability per tax return over the last decade. Starting at $20,611.25 in 2012, a noticeable drop occurred in 2013 to about $14,715.19, followed by further declines, hitting a low around $10,787.18 in 2015. From 2017 onwards, figures stabilized somewhat, hovering slightly over $10,842.11, before starting to climb again, reaching approximately $15,127.27 in 2021. For investors, developers, and real estate professionals, this fluctuation potentially indicates periods of economic challenges, but also a recent upward trend that may suggest improving fiscal health and investing prospects.
Cost of Living in Steele County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,492 | $1,754 | $853 | $918 |
| 1 adult 4 children | $1,174 | $1,218 | $1,340 | $853 | $1,086 |
| 2 adults 3 children | $1,174 | $1,219 | $1,523 | $853 | $726 |
| 1 adult 3 children | $1,174 | $995 | $1,109 | $853 | $814 |
| 2 adults 2 children | $826 | $998 | $1,291 | $776 | $609 |
| 1 adult 2 children | $826 | $745 | $877 | $776 | $581 |
| 2 adults 1 child | $826 | $789 | $1,059 | $528 | $644 |
| 1 adult 1 child | $826 | $509 | $645 | $528 | $545 |
| 2 adults | $643 | $633 | $828 | $0 | $568 |
| 1 adult | $639 | $346 | $414 | $0 | $478 |
Safety trends & Data
Steele County, North Dakota has reported relatively few property crime incidents, with specific instances of vandalism in 2020 and arson in 2021. While the overall crime rate remains low, these events might hint at a need for enhanced security measures. For investors, homeowners, or real estate professionals, recognizing these patterns could be significant for evaluating risk and adjusting property development plans or insurance rates... Read more
Property Crime Trends in Steele County, ND Over the Last 2 Years
Steele County, North Dakota has experienced a small number of property crime incidents over the past two years, with a recorded instance of vandalism in 2020 and an arson case in 2021. While the overall crime rate appears low, these incidents may suggest an underlying need for increased vigilance and preventive measures. For potential investors, homeowners, or real estate professionals, understanding these trends could be crucial for assessing risk and planning property developments or insurance premiums.
Demographics
Steele County, North Dakota, shows a higher male adult population compared to females. The largest segment of the population is aged between 35 to 44 years, with notable numbers also in the 55 to 64 age range. The county's educational attainment data suggests a mixed level, with significant portions holding some college education or a Bachelor’s degree, and a smaller percentage holding graduate or professional degrees. The racial demographic is predominantly White, with minimal representation... Read more
Race Distribution in Steele County, North Dakota (2022)
Educational Attainment in Steele County, North Dakota (2022)
Age Distribution in Steele County, North Dakota
Citizen Population in Steele County, North Dakota (2022)
Political Trends & Data
In Steele County, North Dakota, the 2020 U.S. Presidential Election showed a clear preference for the Republican Party with nearly 60% of the vote. Democrats followed at about 36%, creating a substantial gap. The Libertarian Party and other minor parties garnered minimal support, around 3.5% and lower. This voting distribution could be indicative of the overall political leanings in the region, potentially affecting local policies and economic decisions, including real estate developments and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Steele County, North Dakota, the 2020 U.S. Presidential Election data suggests a significant lead for the Republican Party, potentially capturing just under 60% of the votes. The Democrats seemingly trailed with roughly 36%, showcasing a notable gap. The Libertarian Party appeared to have a minor presence at approximately 3.5%, while other affiliations barely registered. This distribution might reflect broader political leaning trends within the region.
59.93% of voters voted for the Republican party in the 2020 Presidential Election
36.03% of voters voted for the Democrat party in the 2020 Presidential Election
3.49% of voters voted for the Livertarian party in the 2020 Presidential Election
0.55% of voters voted for the Other party in the 2020 Presidential Election
School Data
Steele County, North Dakota has maintained a notably low student-to-teacher ratio, generally under six students per teacher, which is well below the national average of 14. This trend suggests more personalized attention for students and could appeal to families considering relocation, potentially increasing housing demand. For real estate professionals and appraisers, this educational quality may enhance property values and the overall desirability of the... Read more
Student-to-teacher ratio in Steele County, North Dakota over the last 10 years
Over the last decade, Steele County, North Dakota has consistently maintained a student-to-teacher ratio well below the national average of 14 students per teacher. Starting at around five students per teacher in 2014 and seeing slight fluctuations, the ratio has mostly stayed under six students per teacher. These relatively low ratios might indicate more personalized attention for students, which could be attractive for families considering a move to the area. For investors and real estate agents, this trend might suggest a more favorable environment for families, potentially driving demand in the housing market. Moreover, appraisers and insurance agents may find these details useful in evaluating properties in terms of educational quality and community desirability.
