Wells County Real Estate and Livability Trends
Wells County, North Dakota, offers a unique real estate opportunity with its 2021 median home values at $104,300, far below state and national averages, appealing to budget-conscious buyers. Taxable income trends show a climb to $80,002.07 per return in 2021, while income taxes revealed volatility, possibly reflecting local policy changes. A steady rise in principal residence mortgages peaking at... Read more
Wells County Market Trends
Wells County, North Dakota has seen median home values peak at $104,300 in 2021, still well below the state and national averages, hinting at a potential opportunity for budget-conscious buyers. Real estate taxes have fluctuated, reaching $2,300.00 in 2021, which may affect long-term financial planning for investors and home buyers alike. Meanwhile, principal residence mortgages have notably... Read more
Median Value of Occupied Housing Units in Wells County, North Dakota Over the Last 8 Years
Wells County, North Dakota, has seen fluctuating yet upward trends in median home values over the past eight years, peaking at $104,300 in 2021 before a slight dip in 2022. Despite recent gains, Wells County's home values remain considerably lower than those of North Dakota and the national average, with North Dakota reaching $232,500 and the U.S. at $179,400 in 2022. This data might suggest Wells County as an attractive option for budget-conscious buyers or investors looking for potentially undervalued properties in a region that appears to be stabilizing after recent fluctuations.
Residential Energy Tax Credit Per Tax Return in Wells County, ND Over the Last 4 Years
Wells County, North Dakota has seen fluctuations in residential energy tax credits over the last four years. Average credits peaked at $225.00 in 2014 and 2015 before dropping back to $200.00 in 2016, mirroring 2013's figures. This variability suggests potential shifts in energy policies or economic conditions affecting tax benefits, relevant for those considering investments, property development, or energy-efficient home improvements in the area.
Average Real Estate Taxes Per Tax Return in Wells County, ND Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Wells County, North Dakota have shown considerable fluctuation, rising from around $1,627.78 in 2012 to $2,300.00 in 2021. This variable pattern highlights potential inconsistencies in tax rates or property values, offering critical insights for investors and real estate professionals. Changes like these could influence risk assessments for insurance agents and appraisers, while providing a nuanced perspective for those considering moving to or building property in the area. It’s important to factor in such volatility when making any long-term financial or real estate decisions in Wells County.
Percentage of Farm Returns in Wells County, ND Over the Last 10 Years
Farm tax returns in Wells County, North Dakota have shown a relatively stable trend over the past decade, with minor fluctuations between 19.35% and 20.48%. This steadiness could indicate a consistent farming economy in the area, which might be appealing for potential investors, builders, or new residents interested in agricultural ventures. The highest percentage was seen in 2019 at 20.48%, while the lowest was in 2014 at 19.35%. The slight declines and increases suggest a resilient agricultural sector that maintains fairly predictable output levels. For those looking to invest in the farming community here, this data might provide some reassurance of the sector's stability.
Number of Mortgages by Occupancy Type in Wells County, ND Over the Last 5 Years in Wells County
Across Wells County, North Dakota, data suggests the number of mortgages for principal residences significantly dominates over those for investment properties and second residences over the past five years. The notable rise in principal residence mortgages, peaking in 2021 with 110, implies robust local demand for long-term living spaces. Conversely, investment properties and second residences have seen relatively stable but low activity, hinting at perhaps limited appeal or opportunities in these sectors. Such patterns could inform potential investors, home buyers, and real estate professionals about the prevailing residential preferences and market stability, while providing appraisers and insurance agents with insights into occupancy-driven risk profiles.
Economic Outlook
Wells County, North Dakota, has seen its average taxable income per tax return peak at $80,002.07 in 2021 after experiencing a dip post-2014 and rising from 2018. State and local income taxes have been volatile, peaking at $6,210.53 in 2013 and dropping to $1,800.00 in 2019, suggesting local fiscal policy changes or broader economic conditions impacting taxpayers. Total tax liability has fluctuated, dropping to $9,532.03 in 2019, then increasing to $12,629.88 in 2021. These trends provide... Read more
Average Taxable Income per Tax Return in Wells County, ND over the last 9 years
Wells County, North Dakota, has seen fluctuations in average taxable income per tax return over the last nine years. Notably, there was a peak of income in 2014 at $64,523.04, followed by a dip in the subsequent years, and a significant upward trend starting from 2018. Most recently, in 2021, the average taxable income reached a high of $80,002.07. This pattern might be indicative of economic changes affecting the region, and it could be essential for potential investors, real estate agents, or those considering relocation to take note of these economic indicators.
Average State and Local Income Taxes Per Tax Return in Wells County, ND Over the Last 10 Years
Over the past decade in Wells County, North Dakota, average state and local income taxes per tax return have shown marked volatility, peaking as high as $6,210.53 in 2013 and dipping as low as $1,800.00 in 2019. This fluctuation likely signals underlying economic shifts affecting taxpayers, whether due to changes in local fiscal policies or broader economic conditions. Such trends are critical for anyone involved in real estate or property development as they provide insight into the potential financial burden on residents. This data is also valuable for investors, appraisers, and insurance agents analyzing the economic health and attractiveness of Wells County over time.
Average Total Tax Liability Per Tax Return in Wells County, ND Over the Last 10 Years
Over the last decade, Wells County, North Dakota has experienced fluctuations in average total tax liability per tax return, with a noticeable decrease from $12,374.14 in 2012 to $9,532.03 in 2019. However, recent years show a significant rise, with 2021 peaking at $12,629.88. These shifts may reflect broader economic changes, local policy adjustments, or evolving demographic factors, offering key insights for investors, potential homeowners, and real estate professionals. Understanding these trends can help gauge financial commitments and opportunities within the county.
Cost of Living in Wells County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,516 | $1,754 | $782 | $839 |
| 1 adult 4 children | $1,174 | $1,238 | $1,340 | $782 | $978 |
| 2 adults 3 children | $1,174 | $1,239 | $1,523 | $782 | $653 |
| 1 adult 3 children | $1,174 | $1,011 | $1,109 | $782 | $711 |
| 2 adults 2 children | $826 | $1,014 | $1,291 | $713 | $555 |
| 2 adults 1 child | $826 | $801 | $1,059 | $488 | $597 |
| 1 adult 2 children | $826 | $757 | $877 | $713 | $506 |
| 1 adult 1 child | $826 | $518 | $645 | $488 | $496 |
| 2 adults | $665 | $644 | $828 | $0 | $539 |
| 1 adult | $661 | $351 | $414 | $0 | $455 |
Safety trends & Data
Property crime in Wells County, North Dakota, has seen variability over the past five years, with burglary incidents peaking at 5 in 2019 and a rise in vandalism cases, particularly 4 reported in 2021. Meanwhile, fraud incidents have remained relatively stable, fluctuating between 1 to 2 annually. These details are valuable for investors and real estate professionals looking to gauge area risks and... Read more
Property Crime Trends in Wells County, ND Over the Last 5 Years
Property crime in Wells County, North Dakota, has shown some variability over the last five years, with notable increases in certain areas such as burglary, which peaked at 5 incidents in 2019. Vandalism also saw a rise, particularly in 2021 with 4 reported cases. Conversely, some categories like fraud have remained relatively steady, fluctuating between 1 to 2 incidents annually. Investors and real estate professionals should be aware of these nuances to better understand the area's risks and opportunities.
Demographics
In Wells County, North Dakota, the population skews slightly more female, with educational attainment largely concentrated at the high school graduate level or some college education. The age distribution suggests a significant portion of residents fall into the middle-aged and senior categories, potentially indicating a mature community demographic. Racially, the county is predominantly White, with very small representations from other racial groups. The data might suggest opportunities for... Read more
Race Distribution in Wells County, North Dakota (2022)
Educational Attainment in Wells County, North Dakota (2022)
Age Distribution in Wells County, North Dakota
Citizen Population in Wells County, North Dakota (2022)
Political Trends & Data
In North Dakota's Wells County, the real estate market may be subtly shaped by its conservative leanings, as about 80% of votes were likely cast for the Republican candidate in the 2020 U.S. Presidential election. Such a political landscape suggests that potential buyers might prioritize community values that align with a more traditional or conservative ethos. Understanding this could be key for both buyers and sellers aiming to navigate this local market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In North Dakota's Wells County, the 2020 U.S. Presidential election saw nearly 80% of votes likely going to the Republican candidate, while the Democrat contender seemingly garnered just over 18%. Votes for the Libertarian Party were around 1.3%, with other parties barely making a dent. The dominance of the Republican vote could hint at a strong conservative leaning in the area.
79.74% of voters voted for the Republican party in the 2020 Presidential Election
18.62% of voters voted for the Democrat party in the 2020 Presidential Election
1.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wells County, North Dakota has consistently maintained a student-to-teacher ratio below the national average, hovering around 10 to 11, with a notable dip to 7 in 2019. This suggests smaller class sizes, potentially allowing for more personalized attention and support for each student. These figures could attract families prioritizing education, indicating a community invested in higher quality schooling options. Real estate agents, appraisers, and insurance agents can leverage this data to... Read more
Student-to-teacher ratio in Wells County, North Dakota over the last 10 years
Wells County, North Dakota has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher over the past decade, hovering around 10 to 11, with a notable dip to 7 in 2019. These figures suggest smaller class sizes, potentially allowing for more personalized attention and support for each student. For investors and prospective residents, this could indicate a community that places a high value on education, which might translate to higher quality schooling options. Real estate agents might use this data to appeal to families prioritizing education. Additionally, appraisers and insurance agents could find this information useful in assessing the attractiveness and value of properties in the area.
