Arizona Real Estate and Livability Trends
Arizona's average taxable income per tax return has seen a notable rise from $55,276.69 in 2013 to $85,619.98 in 2021, accompanied by substantial hikes in state and local income taxes, which peaked at $13,204.30 in 2021. In the housing market, Arizona's median home values skyrocketed from $167,500 in 2015 to $321,400 in 2022, highlighting significant property appreciation. The state's education... Read more
Arizona Market Trends
Arizona's housing market has seen a dramatic rise in median home values, jumping from $167,500 in 2015 to $321,400 in 2022, far outpacing national growth. This rapid appreciation could appeal to investors but also implies more competition and higher living costs. The state's average Residential Energy Tax Credit peaked at $3,781.69 in 2018, indicating strong incentives for energy-efficient... Read more
Median Value of Occupied Housing Units in Arizona Over the Last 8 Years
Arizona's housing market has shown a rapid increase in median home values over the past eight years, with a jump from $167,500 in 2015 to $321,400 in 2022. By contrast, the national median home value has grown more slowly, from $125,500 in 2015 to $179,400 in 2022. For investors and potential homeowners, Arizona's accelerated growth rate may suggest an attractive opportunity, although this might also indicate higher competition and potentially higher living expenses compared to other regions in the United States.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Arizona over the last 10 years
Active Loans 30-60 Days Past Due in Arizona over the last 10 years in Arizona
Perent of loans that are Active Loans 90-180 Days Past Due in Arizona over the last 10 years in Arizona
Residential Energy Tax Credit Per Tax Return in Arizona Over the Last 9 Years
Over the past nine years in Arizona, the average Residential Energy Tax Credit per tax return has shown significant growth. Starting at $781.65 in 2013, it peaked impressively at $3,781.69 in 2018 before seeing slight fluctuations and reaching $3,207.23 in 2021. This trend highlights increasing incentives for energy-efficient home improvements, making it an attractive market for eco-conscious investors and homeowners looking to capitalize on substantial tax credits.
Average Real Estate Taxes Per Tax Return in Arizona Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Arizona have shown an upward trend, growing from $2,427.81 in 2012 to $4,327.58 in 2021. The most noticeable jumps occurred between 2017 and 2018, and again between 2018 and 2019, suggesting a significant increase in property values or tax rates during those periods. This trend is likely to be relevant for anyone considering investing or moving to Arizona, as it can impact overall cost of living and property expenses.
Percentage of Farm Returns in Arizona Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Arizona shows a gentle but noticeable decline. Starting at approximately 0.30% in 2012, the numbers dip slightly each year, reaching around 0.26% by 2021. For investors and those considering rural ventures or residential moves to Arizona, this trend suggests a gradual decrease in agricultural businesses filing tax returns, which might indicate shifts in the local economy or changing priorities for land use and development. Understanding these dynamics can be pivotal when evaluating property investments or agricultural opportunities in the state. Farm tax returns reflect the number of agricultural businesses officially reporting income and expenses, essentially offering a snapshot of the farming sector's health and economic activity. This data can provide valuable insights into the viability and growth potential of agricultural enterprises in Arizona.
Economic Outlook
Arizona's average taxable income per tax return has significantly increased over the past nine years, jumping from $55,276.69 in 2013 to $85,619.98 in 2021. Concurrently, average state and local income taxes have also risen sharply, peaking at $13,204.30 in 2021, compared to just $5,074.44 in 2012. Total tax liability per tax return has shown a steady rise as well, reaching $15,278.17 in 2021. These trends point to a robust economic environment, which could be appealing to investors and... Read more
Average Taxable Income per Tax Return in Arizona over the last 9 years
Over the past nine years, Arizona's average taxable income per tax return has steadily increased, rising from $55,276.69 in 2013 to an impressive $85,619.98 in 2021. This significant upward trend signals a robust economic climate, making it an attractive prospect for investors, property developers, and anyone considering a move to the state. This growing income level indicates strong earning potential and a healthy financial environment for residents.
Average State and Local Income Taxes Per Tax Return in Arizona Over the Last 10 Years
Average state and local income taxes per tax return in Arizona have shown a significant upward trend over the past decade, rising from $5,074.44 in 2012 to $13,204.30 in 2021. Notably, a substantial increase occurred between 2017 and 2018, with taxes jumping from $6,052.84 to $8,602.93, and continuing to climb sharply afterward. This rapid rise in tax obligations could influence both current residents and prospective movers to reassess their financial planning and budget considerations when living in or relocating to Arizona.
Average Total Tax Liability Per Tax Return in Arizona Over the Last 10 Years
Over the past decade, Arizona has seen a consistent rise in average total tax liability per tax return. Increasing from $9,907.95 in 2012 to $15,278.17 in 2021, this trend signals robust economic activity and growth prospects. For investors and prospective residents, this upward trajectory indicates a conducive environment for property development and economic stability.
Cost of Living in Arizona
Safety trends & Data
Arizona's property crime trends over the past five years show varying levels of crime categories, with fraud consistently having high numbers, like 27,406 incidents in 2018. Vandalism numbers swung from 10,952 in 2018 to 3,673 in 2021, then up again to 6,860 in 2022. Arson, motor vehicle theft, and burglary also show notable variability, suggesting evolving crime dynamics. This data can be critical for investors, builders, and residents focusing on risk assessment and community safety... Read more
Property Crime Trends in Arizona Over the Last 5 Years
Arizona's property crime trends over the past five years indicate a marked fluctuation in various crime categories. Fraud consistently tops the chart with figures like 27,406 in 2018, highlighting its prevalence. Vandalism also remains a significant concern, with notable fluctuations such as 10,952 in 2018 decreasing to 3,673 in 2021, then rising to 6,860 in 2022. Despite generally lower numbers, arson, motor vehicle theft, and burglary present notable variability, suggesting changing crime dynamics. Investors, builders, and residents might find this data crucial for risk assessment and community safety planning.
Demographics
In Arizona, while the adult population is almost equally split between males and females, educational attainment reveals about half of the adults have at least some college education. Age distribution indicates a significant young adult population, with the 25 to 34-year-old group being the largest. Racially, the state is predominantly White, but there's a notable representation of Black or African American, American Indian, and other races. These trends suggest a diverse and relatively young... Read more
Race Distribution in Arizona (2022)
Educational Attainment in Arizona (2022)
Age Distribution in Arizona
Citizen Population in Arizona (2022)
Political Trends & Data
In Arizona, the 2020 U.S. Presidential Election results highlight a nearly even division between Republican and Democrat voters, both around 16.4%. Libertarian support sits at a modest 0.5%, with the Green party and others receiving minimal backing. This close political landscape might suggest a battleground state that could shape future campaign... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Arizona, the 2020 U.S. Presidential Election results show a nearly even split in votes between Republican and Democrat parties, each hovering around 16.4%. Meanwhile, support for the Libertarian party appears marginal at just over 0.5%, with negligible backing for the Green party and others. This data may hint at a closely contested political landscape in Arizona, potentially influencing future campaign strategies.
16.36% of voters voted for the Republican party in the 2020 Presidential Election
16.46% of voters voted for the Democrat party in the 2020 Presidential Election
0.51% of voters voted for the Libertarian party in the 2020 Presidential Election
School Data
Arizona's student-to-teacher ratio has consistently surpassed the national average of 14 students per teacher, peaking at 19 in 2019 and recently dipping to around 17. This trend could indicate strains on educational resources, potentially affecting property values in areas with schools experiencing higher ratios. For real estate agents, investors, and potential movers, these figures may be of interest, as larger class sizes might impact educational quality. Additionally, insurance agents and... Read more
Student-to-teacher ratio in Arizona over the last 10 years
Arizona has consistently seen a student-to-teacher ratio higher than the national average of 14 students per teacher over the last decade. The ratio peaked in 2019 at 19 students per teacher, suggesting possible strains on educational resources. Despite a dip to approximately 17 in recent years, the ratio still remains elevated compared to the national benchmark. For investors, real estate agents, and individuals considering a move to the state, these ratios could signal larger class sizes, which might impact educational quality and subsequently, property values in areas with schools experiencing higher ratios. Insurance agents and appraisers might also note these figures as they indirectly reflect community stability and resource allocation.
