Towner County Real Estate and Livability Trends
Towner County, North Dakota, has seen median home values soar from $70,400 in 2015 to $127,600 in 2022, uncovering local market opportunities distinct from the state-wide median of $232,500. The consistent farm return percentage between 25.42% and 27.19% signals stable agricultural investments, crucial for rural investors. Mortgage activity shifts, with a decline in principal residence loans from... Read more
Towner County Market Trends
Towner County, North Dakota has experienced a notable rise in median home values, jumping from $70,400 in 2015 to $127,600 in 2022. This contrasts with North Dakota's state-wide median of $232,500 in 2022, suggesting localized opportunities in Towner County. Real estate taxes have fluctuated over the past six years, starting at $1,662.50 in 2012 and peaking at $2,083.33 in 2017, which could... Read more
Median Value of Occupied Housing Units in Towner County, North Dakota Over the Last 8 Years
Over the past eight years, Towner County, North Dakota has seen a significant rise in median home values, with a notable jump from $70,400 in 2015 to $127,600 in 2022. This localized growth contrasts with broader trends; North Dakota's state-wide median home value increased to $232,500 in 2022, aligning more closely with the national median of $179,400 for the same year. For those considering investing, moving, or developing property in Towner County, this sharp upturn in recent years could indicate emerging opportunities compared to the broader market's more gradual climb.
Average Real Estate Taxes Per Tax Return in Towner County, ND Over the Last 6 Years
Over the past six years, real estate taxes per tax return in Towner County, North Dakota, have varied noticeably. Starting at $1,662.50 in 2012, the figures saw a general upward trend, peaking at $1,920.00 in 2014 and then seeing a significant jump to $2,083.33 in 2017. However, there were slight dips, particularly in 2015 and 2016 when taxes decreased to $1,660.00 and $1,600.00 respectively. This fluctuation in tax amounts could impact investment considerations, real estate valuations, and financial calculations for both current and prospective property owners.
Percentage of Farm Returns in Towner County, ND Over the Last 10 Years
Over the past decade, Towner County, North Dakota has seen a fairly consistent percentage of farm returns, ranging between 25.42% and 27.19%. These returns are particularly insightful for potential investors and residents interested in agricultural productivity and its economic significance in the region. Farm tax returns are documents filed by agricultural operators to report income, expenses, and calculate taxable profit or loss. For those considering moving to or investing in Towner County, this data could suggest stable agricultural activity with slight annual variations, which might reflect changes in farm profitability, local farming practices, or economic conditions. Analyzing these trends can provide a deeper understanding of the county's agricultural landscape.
Number of Mortgages by Occupancy Type in Towner County, ND Over the Last 5 Years in Towner County
In Towner County, North Dakota, the past five years have shown a dynamic shift in mortgage activity. Principal residences consistently dominate the mortgage scene, peaking in 2021 with 45 loans but experiencing a notable drop to 27 by 2022. Investment properties, albeit fewer in number, have seen a subtle increase from just 1 mortgage in 2018 to 6 in 2022. Such fluctuations in occupancy type may signal shifting priorities among buyers and investors, impacting everything from local market stability to future property values. For investors and real estate agents, understanding these trends is crucial for gauging demand. Similarly, appraisers and insurance agents can better assess risk and valuation, while prospective residents might glean insights into the county's evolving housing landscape.
Economic Outlook
Towner County, North Dakota's real estate market reveals intriguing trends with average taxable income per tax return climbing from $61,875.21 in 2013 to $79,014.56 in 2021, despite notable dips in 2015 and 2018. Fluctuating state and local income taxes, peaking at $3,928.57 in 2014 and then sharply dropping to $2,280.00 in 2015, reflect potential economic or policy shifts. Additionally, the average total tax liability per tax return showed a rollercoaster pattern, reaching $12,767.44 in 2021... Read more
Average Taxable Income per Tax Return in Towner County, ND over the last 9 years
Towner County, North Dakota has seen fluctuations in average taxable income per tax return over the past nine years, with a notable climb from $61,875.21 in 2013 to $79,014.56 in 2021. Significant dips are apparent in 2015 and 2018, but recent years show a marked increase, especially in 2020 and 2021, suggesting potential economic growth or higher earnings for residents. This uptick may be of interest to investors, developers, and real estate agents eyeing the area for new opportunities, while appraisers and insurance agents might consider these shifts when assessing property values and risk.
Average State and Local Income Taxes Per Tax Return in Towner County, ND Over the Last 6 Years
Property investors, real estate agents, insurance agents, and prospective homeowners considering Towner County, North Dakota should note the fluctuating trend in average state and local income taxes over the past six years. From a high of $3,928.57 in 2014, taxes dropped sharply to $2,280.00 in 2015 before gradually rising again to $3,160.00 in 2017. This variability could suggest changes in local fiscal policies or economic conditions, making it crucial for stakeholders to account for potential tax volatility when evaluating long-term financial plans and property investments in Towner County.
Average Total Tax Liability Per Tax Return in Towner County, ND Over the Last 10 Years
Over the past decade, Towner County, North Dakota saw some fluctuations in the average total tax liability per tax return. From a peak of about $11,696.88 in 2012, there was a significant dip to approximately $8,475.00 in 2018, before rising again to $12,767.44 in 2021. This rollercoaster trend could imply varying economic activity and income levels, which might interest potential investors and real estate agents assessing the fiscal stability and growth potential of the area. Insurance agents and appraisers may also find these patterns noteworthy for evaluating how economic fluctuations impact underwriting and property values.
Cost of Living in Towner County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,456 | $1,754 | $814 | $862 |
| 1 adult 4 children | $1,174 | $1,189 | $1,340 | $814 | $1,016 |
| 2 adults 3 children | $1,174 | $1,189 | $1,523 | $814 | $677 |
| 1 adult 3 children | $1,174 | $971 | $1,109 | $814 | $749 |
| 2 adults 2 children | $826 | $974 | $1,291 | $732 | $572 |
| 1 adult 2 children | $826 | $727 | $877 | $732 | $532 |
| 2 adults 1 child | $826 | $769 | $1,059 | $466 | $606 |
| 1 adult 1 child | $826 | $497 | $645 | $466 | $506 |
| 2 adults | $643 | $618 | $828 | $0 | $545 |
| 1 adult | $639 | $337 | $414 | $0 | $459 |
Safety trends & Data
In Towner County, North Dakota, there's been a noticeable rise in certain property crimes over the past five years, especially fraudulent activities, peaking at 11 reported cases in 2020, and burglary incidents, which jumped to 8 occurrences the same year. While motor vehicle thefts and vandalism showed more erratic trends, larceny-theft and other crimes like possession of stolen property remained low. These fluctuations can influence risk assessments for investments, property valuations, and... Read more
Property Crime Trends in Towner County, ND Over the Last 5 Years
Over the past five years in Towner County, North Dakota, there has been a discernible spike in certain property crimes, particularly fraudulent activities, which peaked at 11 reported cases in 2020. Burglary incidents also saw a significant rise, notably increasing to 8 occurrences in 2020. While motor vehicle thefts and vandalism have displayed more sporadic patterns, larceny-theft incidents and other property crimes like possession of stolen property have remained relatively low. This data suggests variable but noteworthy challenges in certain years, potentially impacting risk assessments for investments, property valuations, and insurance premiums.
Demographics
The population of Towner County, North Dakota, skews slightly male, with a fairly balanced gender distribution. Educational attainment varies widely, with a significant portion of the adult population holding high school diplomas or some college experience. There is a notable concentration of residents aged 55 to 64, hinting at an aging population. Racially, the county remains predominantly White, with smaller representations from other racial... Read more
Race Distribution in Towner County, North Dakota (2022)
Educational Attainment in Towner County, North Dakota (2022)
Age Distribution in Towner County, North Dakota
Citizen Population in Towner County, North Dakota (2022)
Political Trends & Data
In Towner County, North Dakota, the real estate market could be influenced by its strong conservative leanings as highlighted by the 2020 U.S. Presidential Election results. With around 71% of the vote going Republican, the political climate may attract like-minded buyers and investors, potentially driving demand for properties that appeal to conservative values. This sharp partisan split also hints at the possibility of lower demand for progressive or unconventional housing... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Towner County, North Dakota, the 2020 U.S. Presidential Election trends lean heavily Republican, with nearly 71% of the vote. Democrats trail significantly, garnering just over 27%. Libertarians made a minor showing, capturing about 2%, while Green Party and other candidates had negligible support. This stark partisan divide underscores the county's strong conservative leanings.
70.70% of voters voted for the Republican party in the 2020 Presidential Election
27.00% of voters voted for the Democrat party in the 2020 Presidential Election
2.13% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Towner County, North Dakota, has consistently been below the national average of 14 students per teacher. From around 10 students per teacher in 2014-2015 to a low of about 7 in 2017, it has stabilized at approximately 8.8 in 2023. These lower ratios indicate smaller class sizes, likely attracting parents who value personalized attention for their children and possibly enhancing educational outcomes. This trend could also be enticing for educators seeking... Read more
Student-to-teacher ratio in Towner County, North Dakota over the last 10 years
The student-to-teacher ratio in Towner County, North Dakota has fluctuated over the past decade but has consistently remained below the national average of 14 students per teacher. Starting at approximately 10 students per teacher in 2014 and 2015, the ratio saw a gradual decrease, hitting a low of about 7 students per teacher in 2017. While it rose to nearly 9.5 in 2021, it stabilized around 8.8 in 2023. These lower ratios suggest smaller class sizes, which might be attractive for parents looking for more personalized attention for their kids, potentially improving educational outcomes. This trend could be appealing to educators seeking a more manageable classroom environment and offer insights for real estate agents or investors targeting family-oriented communities.
