Ward County Real Estate and Livability Trends
Ward County, North Dakota’s real estate market has shown strong growth with median home values jumping from $189,500 in 2015 to $249,800 by 2022, suggesting attractive investment opportunities. Rising real estate taxes, peaking at $5,702.88 in 2021, along with increasing average residential energy tax credits, indicate higher carrying costs but possibly also a robust market. Despite these... Read more
Ward County Market Trends
Median home values in Ward County, North Dakota have surged from $189,500 in 2015 to $249,800 by 2022, outpacing both state and national averages. This rapid appreciation suggests a dynamic housing market with potential investment opportunities. Meanwhile, the average residential energy tax credit per tax return peaked at $710.00 in 2021, reflecting possible shifts in energy policies. Real estate... Read more
Median Value of Occupied Housing Units in Ward County, North Dakota Over the Last 8 Years
Median home values in Ward County, North Dakota have shown a more accelerated increase compared to both state and national trends over the past 8 years. Starting at $189,500 in 2015, values climbed to $249,800 by 2022, outpacing the state’s jump from $153,800 to $232,500 and the national increase from $125,500 to $179,400. For potential investors or those looking to move to Ward County, this rapid appreciation may suggest a highly dynamic and growing housing market, potentially offering robust investment opportunities.
Residential Energy Tax Credit Per Tax Return in Ward County, ND Over the Last 8 Years
Ward County, North Dakota, has seen notable fluctuations in the average residential energy tax credit per tax return over the past eight years. The credit peaked dramatically at $710.00 in 2021, more than doubling from 2017's $513.33. While there have been ups and downs, the trend seems to be generally upward. This variability suggests potential changes in energy policies or incentive programs, which could be relevant for prospective investors, builders, and those considering relocating. For real estate agents and financial appraisers, these trends might indicate a stronger emphasis on energy-efficient home improvements in recent years.
Average Real Estate Taxes Per Tax Return in Ward County, ND Over the Last 10 Years
Ward County, North Dakota has seen a significant increase in average real estate taxes per tax return over the last decade. Starting at approximately $3,041.14 in 2012, the average rose steadily, peaking at around $5,702.88 in 2021. This consistent uptick may suggest a robust property market and increased investment opportunities, but it also implies higher carrying costs for property owners. For investors and real estate agents, this trend could indicate a growing or stabilizing market with potential for returns, while appraisers and insurance agents might need to consider the impact of rising property taxes on valuations and premiums.
Percentage of Farm Returns in Ward County, ND Over the Last 10 Years
Farm tax returns in Ward County, North Dakota, show some fluctuation between 2012 and 2021 but generally trend downward. Starting at 3.70% in 2012, the percentage of farm returns drops to about 3.16% by 2021. These returns refer to the proportion of tax filings specifically attributed to farm income, reflecting how significant agriculture is to the local economy. For potential investors or those thinking of moving to or building in the area, these figures suggest a subtle decline in reported farm income, which might influence economic opportunities and community growth.
Number of Mortgages by Occupancy Type in Ward County, ND Over the Last 5 Years in Ward County
Ward County, North Dakota has shown varying trends in mortgage activity across different occupancy types over the past five years. Principal residences consistently dominate the market, with a significant peak in 2021 followed by a sharp decline in 2022. Investment property mortgages saw a decrease from 2020 to 2021, with an even steeper drop in 2022. Mortgages for second residences remain relatively minimal but show slight fluctuations. These shifts in occupancy types are crucial for investors, appraisers, and real estate agents, pointing to changing demand which might influence property values and investment strategies. Insurance agents also need to consider these trends for risk assessment and coverage decisions. For those moving to or living in Ward County, understanding these dynamics can provide insights into market stability and growth opportunities.
Economic Outlook
Ward County, North Dakota has experienced fluctuating average taxable incomes, peaking at $74,298.51 in 2021, reflecting economic resilience despite prior lows below $64,000. State and local income taxes also varied, notably rising to $7,724.71 in 2021 after a low of $3,176.05 in 2017, indicating potential economic shifts or policy changes. The total tax liability showed a rebound to $11,309.86 in 2021 from a low of $9,849.10 in 2018, hinting at shifting economic conditions. Moreover, the... Read more
Average Taxable Income per Tax Return in Ward County, ND over the last 9 years
Ward County, North Dakota has seen fluctuating average taxable incomes over the past nine years, peaking at $74,298.51 in 2021. While 2014 also had a high average of $71,820.36, there were noticeable drops, especially from 2016 to 2017 where values dipped below $64,000. Post-2017, there's been a gradual yet uneven uptick in average incomes, suggesting a resilience in the county's economic conditions. Potential investors and those considering relocation should note these financial trends as they may impact property values and the overall economic stability of the area.
Average State and Local Income Taxes Per Tax Return in Ward County, ND Over the Last 10 Years
Ward County, North Dakota has shown some variability in average state and local income taxes per tax return over the past decade. Starting at around $4,790.75 in 2012, there was a notable decline, reaching roughly $3,176.05 by 2017. However, from 2018 onwards, there has been a marked increase, peaking at about $7,724.71 in 2021. This fluctuating pattern may suggest economic shifts or policy changes affecting the tax landscape, which might be crucial for investors, real estate agents, and those planning to move to or do business in Ward County.
Average Total Tax Liability Per Tax Return in Ward County, ND Over the Last 10 Years
Ward County, North Dakota has seen a variable trend in average total tax liability per tax return over the last decade. The figures peaked at $12,924.69 in 2014 before dipping to their lowest at $9,849.10 in 2018. Recent years suggest a rebound, with 2021 showing a modest increase to $11,309.86. This fluctuation might interest investors and real estate agents as it hints at possible economic shifts influencing taxable income in the area, suggesting potential opportunities and risks. For appraisers and insurance agents, the varying tax liabilities can reflect changing property values and economic conditions crucial for accurate assessments.
Cost of Living in Ward County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,428 | $1,456 | $1,754 | $1,318 | $963 |
| 1 adult 4 children | $1,428 | $1,189 | $1,340 | $1,318 | $1,142 |
| 2 adults 3 children | $1,428 | $1,189 | $1,523 | $1,318 | $776 |
| 1 adult 3 children | $1,428 | $971 | $1,109 | $1,318 | $891 |
| 2 adults 2 children | $1,005 | $974 | $1,291 | $1,185 | $627 |
| 1 adult 2 children | $1,005 | $727 | $877 | $1,185 | $611 |
| 2 adults 1 child | $1,005 | $769 | $1,059 | $754 | $633 |
| 1 adult 1 child | $1,005 | $497 | $645 | $754 | $543 |
| 2 adults | $763 | $618 | $828 | $0 | $510 |
| 1 adult | $685 | $337 | $414 | $0 | $425 |
Safety trends & Data
Ward County, North Dakota has experienced fluctuating property crime trends over the past five years. Larceny-theft incidents have generally decreased from 148 in 2018 to 84 in 2022, while motor vehicle theft spiked at 26 cases in 2020. Vandalism peaked at 54 incidents in 2020 before dropping to 22 by 2022. Fraud cases have remained relatively stable around the mid-20s annually, and burglary incidents show a slight decline. These patterns suggest evolving security challenges that could impact... Read more
Property Crime Trends in Ward County, ND Over the Last 5 Years
Ward County, North Dakota, has seen fluctuating trends in property crimes over the last five years. Notably, instances of larceny-theft have generally decreased from 148 in 2018 to 84 in 2022, while motor vehicle theft saw a peak in 2020 with 26 cases. Vandalism appears to oscillate, peaking at 54 incidents in 2020 before declining to 22 by 2022. Fraud cases remain relatively stable around mid-20s annually, and burglary incidents show a slight downward trend. For potential investors, property developers, and residents, these patterns might imply evolving security challenges and could influence property valuations and insurance premiums.
Demographics
Ward County, North Dakota, shows a slightly higher proportion of males compared to females in its adult population. Educationally, the majority of the population holds a high school diploma or has pursued some college education, suggesting a solid base of foundational skills but room for further degree attainment. The age distribution is widest among younger adults aged 25 to 34, which could imply a robust working-age population. Racially, the county remains predominantly White, with minority... Read more
Race Distribution in Ward County, North Dakota (2022)
Educational Attainment in Ward County, North Dakota (2022)
Age Distribution in Ward County, North Dakota
Citizen Population in Ward County, North Dakota (2022)
Political Trends & Data
Ward County, North Dakota, might be leaning conservative, with about 71% of the 2020 U.S. Presidential Election votes going to the Republican party. The Democratic party garnered roughly 26%, and around 3% went to the Libertarians. The voting trends can indicate a strong conservative influence, potentially shaping local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Ward County, North Dakota, the 2020 U.S. Presidential Election results seemed to heavily favor the Republican party, with approximately 71% of the vote. The Democratic party trailed significantly at around 26%, while smaller parties like the Libertarians captured close to 3%. Votes for other parties were relatively negligible. This voting pattern may suggest a strong conservative leaning in this county.
70.71% of voters voted for the Republican party in the 2020 Presidential Election
25.82% of voters voted for the Democrat party in the 2020 Presidential Election
2.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Ward County, North Dakota’s student-to-teacher ratio has skyrocketed from around 12:1 in 2014 to a staggering 100:1 in 2023. This significant spike, especially noticeable in the past two years, could indicate issues with educational infrastructure or staffing. Higher ratios often point to strained resources, potentially making the area less attractive to families seeking quality education. With the national average hovering around 14:1, this sharp contrast in Ward County... Read more
Student-to-teacher ratio in Ward County, North Dakota over the last 10 years
Over the past decade, Ward County, North Dakota has seen significant fluctuations in its student-to-teacher ratio, starting from around 12 students per teacher in 2014 to a staggering 100 in 2023. This drastic increase, especially in the last two years, might indicate substantial changes in educational infrastructure or staffing issues. Investors and developers should scrutinize these trends, as a higher student-to-teacher ratio often suggests strained resources in the educational system, potentially rendering the area less attractive to families prioritizing quality education. Real estate agents, appraisers, and insurance agents might also find these numbers revealing as they gauge the long-term viability and desirability of the area. With the national average at approximately 14 students per teacher, these figures in Ward County could imply a critical imbalance worth monitoring closely.
