Stutsman County Real Estate and Livability Trends
Stutsman County, North Dakota's real estate market benefits from a steady rise in average taxable income, climbing from $59,227.03 in 2013 to $77,670.06 in 2021. The housing market saw the median value of occupied housing units jump from $111,200 in 2015 to $191,000 in 2022, outpacing national growth rates. The student-to-teacher ratio averaging roughly ten compared to the national average of... Read more
Stutsman County Market Trends
Stutsman County, North Dakota's housing market has seen a jump in the median value of occupied housing units from $111,200 in 2015 to $191,000 in 2022, outpacing national growth rates. While the whole state also saw increases, Stutsman County remains a more affordable entry point, providing potential investment opportunities. Residential energy tax credits varied significantly, peaking at $640.00... Read more
Median Value of Occupied Housing Units in Stutsman County, North Dakota Over the Last 8 Years
Over the past eight years, the median value of occupied housing units in Stutsman County, North Dakota has surged from $111,200 in 2015 to $191,000 in 2022. This marks a significant growth compared to the national trends where the median values rose from $125,500 to $179,400 in the same period. While the entire state of North Dakota has seen increases, with median values going from $153,800 to $232,500, Stutsman County's lower housing costs could be seen as a more affordable entry point for potential homebuyers. This differing growth pace might offer appealing investment opportunities for those looking to capitalize on the upward trend while still maintaining budget-friendly buying options.
Residential Energy Tax Credit Per Tax Return in Stutsman County, ND Over the Last 8 Years
Stutsman County, North Dakota, exhibits fluctuating trends in residential energy tax credits per tax return over the last eight years. The highest average credit of $543.33 was observed in 2013, followed by a significant dip to $250.00 in 2014. The credits rose modestly in the following years, with another peak at $640.00 in 2021. These trends are essential for prospective investors, homeowners, and real estate agents as they indicate a varying level of energy-saving investments and potential financial benefits. Additionally, insurance agents and appraisers might find this data useful when assessing property values and the attractiveness of implementing energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Stutsman County, ND Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Stutsman County, North Dakota have shown a noticeable upward trend, increasing from approximately $3,196.80 in 2012 to about $4,903.70 in 2021. This sustained rise, although punctuated by fluctuations in certain years, suggests that property tax rates or assessed property values have likely increased. Sharp spikes can be observed particularly in 2018 and 2019 where the taxes jumped to around $4,356.67 and $4,820.69, respectively. This kind of data could be pivotal for potential investors, homebuyers, appraisers, and insurance agents considering the long-term tax implications in the area.
Percentage of Farm Returns in Stutsman County, ND Over the Last 10 Years
Over the past decade, Stutsman County, North Dakota has seen fluctuating percentages of farm tax returns, with values hovering around 9.00%. Notably, the percentages peaked at 9.28% in 2018, then dropped to a low of 8.45% in 2020. Farm tax returns, which are filings from agricultural businesses detailing their earnings and economic activity, offer valuable insight into the financial health and trends within the farming sector. Recognizing these trends is crucial for investors and prospective residents, as they hint at the stability and potential growth of the agricultural economy in the county. Understanding this economic pulse can influence decisions on where to invest or develop property, and provide context for those with an interest in rural economic patterns.
Number of Mortgages by Occupancy Type in Stutsman County, ND Over the Last 5 Years in Stutsman County
Stutsman County, North Dakota, has seen fluctuations in mortgage numbers, particularly in principal residences, which peaked in 2020 before decreasing by nearly half in 2022. Investment properties have experienced relatively stable yet low mortgage counts, while second residences have remained minimal but witnessed a small uptick in 2021. These shifts in occupancy types are crucial for investors, real estate agents, and insurers, as they indicate dynamic living preferences and economic conditions. Knowing these patterns can help in strategic planning for new developments, risk assessments, and targeting prospective buyers.
Economic Outlook
Stutsman County, North Dakota's real estate market appears to benefit from a steady rise in average taxable income, climbing from $59,227.03 in 2013 to $77,670.06 in 2021. This income growth could attract various stakeholders, spurring investments and local developments. Meanwhile, average state and local income taxes have been inconsistent, peaking at $5,813.64 in 2021, which might affect financial planning for newcomers. Furthermore, an increase in the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Stutsman County, ND over the last 9 years
Stutsman County, North Dakota has seen steady growth in average taxable income per tax return over the last nine years, with a notable increase from $59,227.03 in 2013 to $77,670.06 in 2021. This upward trend suggests local economic stability and potential for increased purchasing power among residents. Such income growth can entice investors, real estate developers, insurance agents, and others interested in financial and property markets, indicating a robust and appealing environment for various opportunities.
Average State and Local Income Taxes Per Tax Return in Stutsman County, ND Over the Last 10 Years
In Stutsman County, North Dakota, average state and local income taxes per tax return have shown notable fluctuations over the past decade. Starting at $4,083.65 in 2012, there was a significant spike to $5,744.68 in 2013, then a general downward trend until 2017, where taxes averaged $3,425.30. In subsequent years, taxes gradually increased, peaking again at $5,813.64 in 2021. These variations could impact financial planning for prospective residents and investors, as well as influence property valuation and insurance premiums.
Average Total Tax Liability Per Tax Return in Stutsman County, ND Over the Last 10 Years
Stutsman County, North Dakota, has seen some variations in its average total tax liability per tax return over the past decade. Notably, while there was a dip in tax liabilities between 2013 and 2018, averaging around the mid-to-low $9,000s, recent years have shown a significant uptick, with 2021 reaching $12,002.54. These fluctuations may impact decisions for investors, builders, and real estate professionals who are looking at tax trends as part of their financial planning or property valuation strategies.
Cost of Living in Stutsman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,391 | $1,754 | $994 | $769 |
| 1 adult 4 children | $1,174 | $1,136 | $1,340 | $994 | $893 |
| 2 adults 3 children | $1,174 | $1,137 | $1,523 | $994 | $603 |
| 1 adult 3 children | $1,174 | $928 | $1,109 | $994 | $647 |
| 2 adults 2 children | $826 | $931 | $1,291 | $894 | $517 |
| 1 adult 2 children | $826 | $695 | $877 | $894 | $464 |
| 2 adults 1 child | $826 | $735 | $1,059 | $568 | $549 |
| 1 adult 1 child | $826 | $475 | $645 | $568 | $456 |
| 2 adults | $628 | $591 | $828 | $0 | $477 |
| 1 adult | $623 | $322 | $414 | $0 | $409 |
Safety trends & Data
Property crime trends in Stutsman County, North Dakota show varied patterns over the last five years. Larceny-theft consistently reported the highest numbers, peaking at 79 cases in 2021, while burglary saw a notable increase to 18 instances the same year. Motor vehicle theft had an interesting uptick in 2020 with cases more than doubling to 14. Vandalism incidents remained relatively stable, whereas embezzlement and forgery saw a slight rise in 2022. These fluctuations suggest a complex mix of... Read more
Property Crime Trends in Stutsman County, ND Over the Last 5 Years
Property crime trends in Stutsman County, North Dakota show some fluctuations over the last five years. Larceny-theft consistently reported the highest numbers, peaking at 79 cases in 2021. Burglary incidents varied, with a notable increase to 18 instances in 2021. An interesting uptick in motor vehicle theft happened in 2020, with total cases more than doubling to 14. Vandalism incidents remained somewhat stable but saw minor variances, while instances of forgery and fraud were relatively low. As an addition, 2022 saw a slight rise in embezzlement and forgery cases. These patterns might suggest a mix of stability and specific crime spikes, providing a nuanced view for stakeholders with interests in local safety and property investments.
Demographics
Stutsman County, North Dakota presents a roughly even gender split with a slightly higher male population. Education-wise, the community shows a strong presence of high school graduates, but there's a noticeable drop-off in higher educational attainment. Age distribution spans a wide range, with a significant portion of the population in the 25 to 34 and 55 to 64 year brackets, which might indicate a balance between younger working adults and those nearing retirement. Racial demographics reveal... Read more
Race Distribution in Stutsman County, North Dakota (2022)
Educational Attainment in Stutsman County, North Dakota (2022)
Age Distribution in Stutsman County, North Dakota
Citizen Population in Stutsman County, North Dakota (2022)
Political Trends & Data
Stutsman County, North Dakota, displayed a strong Republican preference in the 2020 Presidential Election, with GOP votes hovering around 70%. Democratic support was lower at roughly 27%, indicating a firm two-party dynamic with minimal impact from third parties. This trend suggests a political stability that could influence local policies and, subsequently, real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Stutsman County, North Dakota, the 2020 U.S. Presidential Election illustrated a strong preference for the Republican Party, with approximately 70% of the vote. The Democratic Party garnered around 27%, while smaller parties like the Libertarian Party had a minimal impact, possibly suggesting a relatively stable two-party dynamic in this region. The virtually negligible support for the Green and Other parties might signal limited interest in alternative political platforms among the electorate.
70.23% of voters voted for the Republican party in the 2020 Presidential Election
26.87% of voters voted for the Democrat party in the 2020 Presidential Election
2.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Stutsman County, North Dakota, has fluctuated between eight and eleven students per teacher, averaging approximately ten. This is notably lower than the U.S. national average of fourteen students per teacher. This ratio may appeal to investors, educators, and potential residents by suggesting more personalized classroom attention, an attractive factor for families prioritizing education. It could also influence property development, making the area potentially... Read more
Student-to-teacher ratio in Stutsman County, North Dakota over the last 10 years
The student-to-teacher ratio in Stutsman County, North Dakota, has seen some fluctuations over the last decade, ranging from as low as eight students per teacher in 2019 to a high of eleven students per teacher in 2018. Averaging around ten students per teacher, this ratio stands significantly below the United States national average of fourteen students per teacher. Investors, educators, and potential residents might find this appealing as it suggests more personalized attention in classrooms, which can be a strong incentive for families prioritizing education and for appraisers considering the long-term value of family-friendly neighborhoods. Lower ratios can also influence property development decisions, making the region potentially attractive for building family-oriented housing.
