Traill County Real Estate and Livability Trends
Traill County, North Dakota's real estate market reveals notable shifts. Median home values surged from $105,600 in 2015 to $172,700 in 2022, significantly outpacing broader trends. Rising average real estate taxes per return, up from $2,427.66 in 2012 to $4,433.33 in 2020, suggest increases in property values or local rates. Mortgage trends show robust activity in Principal Residence mortgages... Read more
Traill County Market Trends
Traill County, North Dakota has seen median home values rise sharply from $105,600 in 2015 to $172,700 in 2022, a significant climb relative to the statewide and national trends. The fluctuating average residential energy tax credits per tax return, ranging from $175.00 to $375.00 over the past eight years, indicate variable investment in energy efficiency or changes in tax policies. Average real... Read more
Median Value of Occupied Housing Units in Traill County, North Dakota Over the Last 8 Years
Traill County, North Dakota has witnessed a steady and significant increase in median home values over the past eight years, climbing from $105,600 in 2015 to $172,700 in 2022. This growth is substantial compared to the statewide trends in North Dakota, where median values rose from $153,800 to $232,500 during the same period. Nationally, home values also saw an increase, but Traill County's appreciation rate seems particularly robust, suggesting strong local demand and potential for property value gains. This information could be particularly intriguing for investors looking for growth opportunities, residents considering property value appreciation, or planners prioritizing development in areas with consistent upward trends.
Residential Energy Tax Credit Per Tax Return in Traill County, ND Over the Last 8 Years
Over the past eight years, Traill County, North Dakota residents have seen fluctuating average residential energy tax credits per tax return. These averages ranged from as low as $175.00 in 2020 to a high of $375.00 in 2019. The variability suggests potential volatility in energy conservation investments or changes in tax policies over the years. Investors, real estate agents, and those considering moving to the area might keep an eye on this trend, as it could offer insights into local economic incentives or the county's commitment to renewable energy and efficiency upgrades. Such data is also useful for appraisers and insurance agents to gauge property improvements or energy-saving measures that could affect property values and insurance premiums.
Average Real Estate Taxes Per Tax Return in Traill County, ND Over the Last 10 Years
Over the last decade, Traill County, North Dakota, has seen a marked increase in average real estate taxes per tax return, rising from $2,427.66 in 2012 to $4,433.33 in 2020. The most notable jumps occurred between 2016 and 2019, reflecting a potential escalation in property values or local tax rates. For potential investors and property developers, this trend might highlight a growing appeal or economic development in the area. Real estate agents and appraisers should take these figures into account when evaluating property prices, while insurance agents might consider how rising taxes impact homeowners' overall costs.
Percentage of Farm Returns in Traill County, ND Over the Last 10 Years
Traill County, North Dakota has shown a modest but consistent increase in the percentage of farm returns over the past decade, starting from about 10.26% in 2012 and reaching up to approximately 11.17% by 2021. This slight upward trend may suggest growing stability or interest in agricultural activities within the county. Farm tax returns can indicate the level of agricultural production and investment, offering potential investors insights into the economic viability of farming in the area. Considering this steady growth, it might be a promising location for those looking to engage in or support farming-related ventures, while residents and prospective property buyers might also find the agricultural stability reassuring for the overall economic health of Traill County.
Number of Mortgages by Occupancy Type in Traill County, ND Over the Last 5 Years in Traill County
Over the past five years, Traill County, North Dakota has seen a varying trend in mortgage counts across different occupancy types. The most consistent category is Principal Residence mortgages, which, despite a dip in 2022, generally show strong activity and peaking in 2021 with 399 mortgages. Investment Property mortgages exhibit a more fluctuating pattern but indicate a notable increase in 2022 compared to previous years. Second Residence mortgages remain relatively low but have shown some growth. Shifts in occupancy types could hint at changing demographics or economic conditions, affecting property values, rental markets, and insurance risks. Understanding these shifts helps investors and stakeholders make more informed decisions regarding property development, pricing strategies, and market positioning.
Economic Outlook
The real estate market in Traill County, North Dakota, has experienced intriguing economic trends recently. Between 2020 and 2021, the average taxable income per tax return rose sharply from $74,209.79 to $84,036.71, which could imply growing economic vitality. Concurrently, state and local income taxes, which have fluctuated over the past decade, peaked at $5,450.00 in 2021. Additionally, the total tax liability per tax return has shown variability, with a significant increase seen in 2021,... Read more
Average Taxable Income per Tax Return in Traill County, ND over the last 9 years
In Traill County, North Dakota, the average taxable income per tax return has generally increased over the past nine years, seeing the most significant growth between 2020 and 2021, rising from approximately $74,209.79 to $84,036.71. These income trends could suggest a growing economic vitality in the area, making it potentially appealing for investors, real estate agents, and those looking to relocate. The consistent income growth may provide appraisers and insurance agents with vital data for valuations and risk assessments, pointing to a possibly stable and prosperous community.
Average State and Local Income Taxes Per Tax Return in Traill County, ND Over the Last 10 Years
Traill County, North Dakota, has seen fluctuations in state and local income taxes per tax return over the past decade. Starting at $4,108.89 in 2012, there was a notable peak at $5,450.00 in 2021. This variability could potentially indicate changing economic conditions, policy adjustments, or population shifts within the county. Investors and property developers might find these trends relevant when assessing financial strategies, while real estate agents and those considering moving to the area should consider the potential impact of these tax changes on property values and living costs.
Average Total Tax Liability Per Tax Return in Traill County, ND Over the Last 10 Years
Traill County, North Dakota has seen fluctuations in its average total tax liability per tax return over the past decade, with values ranging from a low of $9,332.18 in 2019 to a high of $12,391.50 in 2021. The mid-decade trends suggest a general decrease followed by a notable rise in recent years, peaking again in 2021. For potential investors or those considering property development, understanding these tax trends could be crucial for financial planning and assessing long-term commitments. Similarly, appraisers and real estate agents may use these variations to better gauge market conditions and advise clients on future tax implications.
Cost of Living in Traill County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,492 | $1,512 | $912 | $783 |
| 1 adult 4 children | $1,174 | $1,218 | $1,154 | $912 | $927 |
| 2 adults 3 children | $1,174 | $1,219 | $1,314 | $912 | $615 |
| 1 adult 3 children | $1,174 | $995 | $955 | $912 | $679 |
| 2 adults 2 children | $826 | $998 | $1,115 | $819 | $529 |
| 1 adult 2 children | $826 | $745 | $756 | $819 | $489 |
| 2 adults 1 child | $826 | $789 | $916 | $517 | $565 |
| 1 adult 1 child | $826 | $509 | $557 | $517 | $478 |
| 2 adults | $660 | $633 | $718 | $0 | $510 |
| 1 adult | $656 | $346 | $359 | $0 | $452 |
Safety trends & Data
Traill County, North Dakota, has shown a generally stable property crime trend over the past five years. While burglary and motor vehicle theft saw slight fluctuations, stolen property crimes peaked in 2020 with 5.0 arrests. Vandalism and fraud remained consistent and relatively low. These mild shifts could be influenced by various socioeconomic factors, offering a mixed outlook for potential investors, insurance agents, and those in real... Read more
Property Crime Trends in Traill County, ND Over the Last 5 Years
Traill County, North Dakota, has experienced a generally stable yet nuanced property crime trend over the past five years. While incidents like burglary and motor vehicle theft saw slight fluctuations, crimes involving stolen property displayed more notable changes, peaking in 2020 with a value of 5.0 arrests. Interestingly, vandalism and fraud remained relatively low and consistent. This pattern suggests a mildly shifting landscape that may be influenced by various socioeconomic factors, presenting a mixed outlook for potential investors, insurance agents, and those in real estate.
Demographics
Traill County, North Dakota, shows a relatively balanced gender distribution and a predominantly white population. With education levels displaying a notable portion having at least a high school diploma, the community seems fairly well-educated, though a smaller segment has achieved advanced degrees. The age range appears diverse, possibly indicating a stable multigenerational presence. This mix of educational attainment and age distribution might suggest varied economic and social dynamics... Read more
Race Distribution in Traill County, North Dakota (2022)
Educational Attainment in Traill County, North Dakota (2022)
Age Distribution in Traill County, North Dakota
Citizen Population in Traill County, North Dakota (2022)
Political Trends & Data
Traill County, North Dakota, indicated a pronounced preference for the Republican candidate in the 2020 U.S. Presidential Election, with approximately 61% of the vote. Democratic support lagged behind at roughly 36%, and Libertarians drew a modest 2.7%. This dominant Republican tilt potentially informs local policy directions and political dynamics, potentially reinforcing conservative approaches in various county... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Traill County, North Dakota, the 2020 U.S. Presidential Election saw a clear leaning towards the Republican candidate, who possibly secured around 61% of the vote. The Democratic candidate followed with roughly 36%, while Libertarians garnered a modest 2.7%. Smaller percentages went to other parties, hinting at minimal third-party influence. This voting pattern may suggest a strong Republican presence in the county, typically critical in shaping local policies and electoral outcomes.
60.98% of voters voted for the Republican party in the 2020 Presidential Election
36.10% of voters voted for the Democrat party in the 2020 Presidential Election
2.66% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Traill County, North Dakota has shown a consistently low student-to-teacher ratio, fluctuating from 10 students per teacher in 2014 to just 9 in 2023, well below the national average of 14. This trend suggests smaller class sizes and a more personalized education experience, which could be a strong selling point for families and drive up long-term property values. Such a focus on education might also appeal to investors, appraisers, and insurance agents who consider school quality in their... Read more
Student-to-teacher ratio in Traill County, North Dakota over the last 10 years
Traill County, North Dakota has experienced a student-to-teacher ratio consistently below the national average of 14 students per teacher over the past decade, fluctuating from 10 students per teacher in 2014 to as low as 9 in 2023. This trend could imply smaller class sizes, which may appeal to families seeking a more personalized education experience. Investors and real estate agents might view this as a selling point for the area's quality of education. Appraisers and insurance agents might consider these ratios in their evaluations, as high educational quality can correlate with higher property values. For those considering building or moving to Traill County, these figures suggest a community that prioritizes education, likely enhancing long-term community satisfaction and stability.
