Kittson County Real Estate and Livability Trends
Kittson County, Minnesota's real estate scene shows noteworthy trends with a spike in median home values from $72,600 in 2015 to $122,100 in 2022, outpacing state and national growth rates. The rising real estate taxes, nearly doubling from $1,571.43 in 2012 to $3,583.33 in 2020, indicate higher property valuations or tax rates. This affordable yet fast-appreciating market is focused on primary... Read more
Kittson County Market Trends
Kittson County, Minnesota’s median home values have impressively grown from $72,600 in 2015 to $122,100 in 2022, outpacing state and national growth percentages while remaining relatively affordable. Despite fluctuations, residential energy tax credits have stabilized recently around $266.67 to $300.00, indicating a steady investment in energy-efficient upgrades. Real estate taxes rose... Read more
Median Value of Occupied Housing Units in Kittson County, Minnesota Over the Last 8 Years
Analyzing the last eight years, Kittson County, Minnesota’s median home values surged from $72,600 in 2015 to $122,100 in 2022. This consistent upward trend outperforms both state and national averages in terms of percentage increase, though it remains lower in absolute value. This relatively affordable entry point coupled with attractive growth rates could entice potential investors looking for high-yield opportunities, and appeal to individuals aiming to capitalize on appreciation in a lower-cost market.
Residential Energy Tax Credit Per Tax Return in Kittson County, MN Over the Last 7 Years
Kittson County, Minnesota has seen ups and downs in residential energy tax credits over the last seven years. 2014 and 2017 stand out with peaks reaching around $300.00 and $350.00 respectively, indicating possible spikes in energy-efficient upgrades during those years. The lowest point was in 2016 with a drop to approximately $183.33. However, recent trends show stabilization at around $266.67 to $300.00 in 2020 and 2021. This pattern may suggest fluctuating but overall increasing investment in energy-efficient renovations, which could be significant for potential homebuyers, real estate agents, and those considering property investments in the area.
Average Real Estate Taxes Per Tax Return in Kittson County, MN Over the Last 10 Years
Over the past decade, Kittson County, Minnesota has seen a notable trend in real estate taxes per tax return, starting from around $1,571.43 in 2012 and experiencing significant rises, peaking at $3,583.33 in 2020. This upward movement, despite some variations, suggests a growing valuation in property or increased tax rates, reflecting potential higher costs for homeowners. Such data points can be crucial for prospective buyers, investors, and real estate agents looking to assess the financial landscape of the area accurately. For appraisers and insurance agents, understanding these trends can aid in providing more precise evaluations and coverage plans respectively.
Percentage of Farm Returns in Kittson County, MN Over the Last 10 Years
In Kittson County, Minnesota, the percentage of farm tax returns has shown some variability over the last decade, peaking around 21.70% in 2016 and generally floating between 19.17% and 21.49%. Farm tax returns, which reflect the proportion of tax filings specifically from agricultural operations, can provide insight into the economic vitality and sustainability of farming activities in the area. Such trends might be indicative of the local agricultural economy's health, which can influence decisions on investments in farmland, moving to the county for agricultural opportunities, or building property compatible with rural farming landscapes.
Number of Mortgages by Occupancy Type in Kittson County, MN Over the Last 5 Years in Kittson County
Kittson County, Minnesota has seen a relatively stable but slightly increasing trend in principal residence mortgages over the past five years, with notable jumps in 2019 and 2021. Investment property mortgages have remained low, usually between 1 to 5 annually, indicating limited interest in investment opportunities. Second residence mortgages are minimal, rarely exceeding one per year, suggesting that the county is not a significant market for vacation or secondary homes. These shifts in mortgage types highlight a market focused more on primary living rather than investment or leisure, which might interest potential homeowners but appear less attractive for investors. This data is crucial for appraisers to assess property valuations accurately and for insurance agents to understand market stability and risks. Real estate agents may find this trend insightful for targeting the right buyer demographic, while builders could prioritize residential projects over speculative investments.
Economic Outlook
Kittson County, Minnesota shows a growing financial health with average taxable income per tax return climbing to $73,895.59 in 2021 from $56,151.83 in 2013. This could signify a flourishing economy, potentially driving up real estate values and attracting new developments. Fluctuations in state and local income tax, peaking at $15,550.00 between 2018 and 2021, reflect a dynamic economic environment that might interest strategic tax planners and investors. Meanwhile, the average total tax... Read more
Average Taxable Income per Tax Return in Kittson County, MN over the last 9 years
Kittson County, Minnesota has seen a noticeable uptick in average taxable income per tax return over the past nine years. The average income in 2021 hit $73,895.59, a significant climb from $56,151.83 in 2013. While there have been some fluctuations, the overall trend suggests growing financial health. This could imply a burgeoning economy potentially attracting investments, higher real estate values, and opportunities for new development. This trend is worth noting for investors, real estate agents, and those looking to move to the area.
Average State and Local Income Taxes Per Tax Return in Kittson County, MN Over the Last 10 Years
Kittson County in Minnesota has seen fluctuating state and local income tax averages over the past decade, indicating a diverse economic environment. The notable rise between 2018 and 2021, peaking at $15,550.00, suggests significant financial shifts that could impact decisions on investments and property developments. This variability might be attractive to those looking towards strategic tax planning, potentially influencing the county's appeal to new residents and businesses.
Average Total Tax Liability Per Tax Return in Kittson County, MN Over the Last 10 Years
Kittson County, Minnesota has experienced some notable fluctuations in average total tax liability per tax return over the past decade. Starting at around $7641.42 in 2012, the liability saw a general increase, peaking sharply at approximately $10605.95 in 2021. Notably, there were dips, such as in 2019 with $7324.05, suggesting variability that could impact financial planning. This variability might intrigue investors, real estate professionals, and insurance agents, indicating potential shifts in economic conditions and tax policy impacts.
Cost of Living in Kittson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,492 | $1,802 | $1,234 | $1,230 |
| 1 adult 4 children | $1,005 | $1,218 | $1,404 | $1,234 | $1,423 |
| 2 adults 3 children | $1,005 | $1,219 | $1,551 | $1,234 | $1,001 |
| 1 adult 3 children | $1,005 | $995 | $1,153 | $1,234 | $1,167 |
| 2 adults 2 children | $826 | $998 | $1,299 | $1,076 | $876 |
| 1 adult 2 children | $826 | $745 | $901 | $1,076 | $899 |
| 2 adults 1 child | $826 | $789 | $1,048 | $564 | $801 |
| 1 adult 1 child | $826 | $509 | $650 | $564 | $679 |
| 2 adults | $628 | $633 | $796 | $0 | $641 |
| 1 adult | $552 | $346 | $398 | $0 | $548 |
Safety trends & Data
Kittson County, Minnesota has seen a mixed bag in property crime trends. Larceny-theft incidents doubled from 1 in 2018 to 2 in 2022, with a new arson case appearing in 2022. Notably, burglary and fraud cases from 2018 were absent in 2022 data, signaling possible fluctuations or improvements. These varied trends could play a role in real estate investments, insurance assessments, and community safety... Read more
Property Crime Trends in Kittson County, MN Over the Last 2 Years
Kittson County, Minnesota has shown a varied trend in property crimes over the last two years. Notably, larceny-theft incidents doubled from 1 in 2018 to 2 in 2022, and new incidents of arson emerged in 2022, albeit with only one reported case. Conversely, the number of burglary and fraud cases that occurred in 2018 did not appear in the 2022 data, indicating possible fluctuations or improvements in these crime categories. These trends could inform decisions for real estate investments, insurance evaluations, and community safety initiatives in Kittson County.
Demographics
In Kittson County, Minnesota, the gender balance is nearly even, with a slight edge to females. Education levels show a considerable portion achieving high school diplomas or higher, but a smaller segment advances to graduate degrees. The age demographic leans towards an older population, particularly notable in the 55 to 74-year range. Racially, the county is overwhelmingly White, with very few residents identifying as Black, Asian, or from other racial... Read more
Race Distribution in Kittson County, Minnesota (2022)
Educational Attainment in Kittson County, Minnesota (2022)
Age Distribution in Kittson County, Minnesota
Citizen Population in Kittson County, Minnesota (2022)
Political Trends & Data
In Kittson County, Minnesota, the 2020 U.S. Presidential Election saw close to 59% of votes going to the Republican candidate, while approximately 38% supported the Democratic candidate. Minor parties like the Libertarians and the Green Party had minimal impact, each securing less than 2% of the vote. This Republican dominance may signal a trend that could shape local campaign efforts and political strategies in upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Kittson County, Minnesota, the 2020 U.S. Presidential Election results leaned significantly Republican, with close to 59% of the votes. The Democratic party secured around 38%, while minor parties such as the Libertarians and the Green party garnered only modest support, each receiving less than 2% of the vote. This suggests a strong preference among Kittson County voters for the Republican candidate, potentially indicating local political leanings and influencing future campaign strategies.
58.58% of voters voted for the Republican party in the 2020 Presidential Election
38.12% of voters voted for the Democrat party in the 2020 Presidential Election
1.67% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
1.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Kittson County, Minnesota boasts a notably stable and lower-than-average student-to-teacher ratio compared to the national average of 14:1. This trend implies a more personalized educational experience, which could make the area more attractive to families prioritizing education. Real estate investors and agents may see this as a selling point, while appraisers and insurance agents might consider it a sign of robust community investment in education infrastructure, potentially affecting... Read more
Student-to-teacher ratio in Kittson County, Minnesota over the last 10 years
Kittson County, Minnesota has shown a generally stable student-to-teacher ratio over the past decade, fluctuating slightly but remaining lower than the national average of fourteen students per teacher. This trend suggests a more personalized educational experience, potentially making Kittson County an attractive option for families prioritizing education. Investors, real estate agents, and developers may find this appealing when marketing properties or planning new projects. Additionally, appraisers and insurance agents could view the ratio as an indicator of community investment in education infrastructure, influencing property valuations and insurance assessments accordingly.
