Coconino County Real Estate and Livability Trends
Coconino County, Arizona has experienced a significant boost in median home values, surging from $219,300 in 2015 to $379,400 by 2022. This sharp rise, outpacing both state and national averages, suggests a high-demand, supply-constrained real estate market. Adding to the mix, real estate taxes climbed to $3,770.45 in 2021, possibly mirroring these increased property values. Meanwhile, the number... Read more
Coconino County Market Trends
Median home values in Coconino County, Arizona skyrocketed from $219,300 in 2015 to $379,400 by 2022, well above the state and national rates, suggesting a highly desirable but likely supply-constrained market. The county has also seen significant variability in residential energy tax credits, peaking at $3,084.00 in 2018 and stabilizing around $2,231.33 by 2021, highlighting a strong push toward... Read more
Median Value of Occupied Housing Units in Coconino County, Arizona Over the Last 8 Years
Median home values in Coconino County, Arizona have surged over the past 8 years, with 2015 figures at $219,300 climbing to $379,400 by 2022. This upward trajectory outpaces both the state of Arizona and national trends where the 2022 median values peaked at $321,400 and $179,400 respectively. Prospective investors and residents should be aware that Coconino County's housing market, driven by its growing desirability and possibly limited housing supply, typically requires a steeper financial commitment than broader regional or national averages.
Residential Energy Tax Credit Per Tax Return in Coconino County, AZ Over the Last 9 Years
Coconino County, Arizona has seen a significant fluctuation in residential energy tax credits over the past nine years. From a modest average of $512.22 per tax return in 2013, the credit spiked dramatically to $1,915.79 by 2017 and peaked at an impressive $3,084.00 in 2018. Although it dipped in the subsequent years, the value remained relatively high, stabilizing around the $1,800 mark before climbing again to $2,231.33 in 2021. This trend underscores the growing investment in energy-efficient home improvements, making it a lucrative location for eco-conscious homeowners and investors looking to capitalize on these tax benefits.
Average Real Estate Taxes Per Tax Return in Coconino County, AZ Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Coconino County, Arizona have shown an overall upward trend, climbing significantly from $2,448.08 in 2012 to $3,770.45 in 2021. Although there were minor dips around 2013 to 2015, the steady increase from 2016 onwards highlights rising property tax demands. This pattern could be an indicator of appreciating property values or shifting tax policies, which potential investors and those looking to move to the area should carefully consider. The substantial jump between 2017 and 2018, from $2,706.68 to $3,308.98, suggests a notable market change that might warrant further exploration for long-term investments.
Percentage of Farm Returns in Coconino County, AZ Over the Last 10 Years
Coconino County, Arizona has seen minimal changes in the percentage of farm tax returns over the last decade, with slight fluctuations around 0.75% to 0.94%. Farm tax returns, while a small part of the overall economic picture, indicate a stable agricultural presence. This stability might be appealing to investors looking for consistent returns and those interested in agricultural ventures. Additionally, the steady nature of these returns could signal a resilient rural economy for those considering moving to or building property in the area.
Number of Mortgages by Occupancy Type in Coconino County, AZ Over the Last 5 Years in Coconino County
Over the past five years in Coconino County, Arizona, there has been a noticeable fluctuation in the number of mortgages, especially with significant variation between investment properties, principal residences, and second residences. Mortgage counts for principal residences peaked in 2020 at 10,522 before decreasing sharply to 5,160 by 2022. Investment properties had a notable dip from 1,028 in 2021 to 686 in 2022. Changes in occupancy type can indicate shifts in the local economy, housing market dynamics, and investor confidence. These trends may impact property values, rental opportunities, and the overall desirability of the area for potential homeowners and real estate investors alike. Observing these fluctuations could be beneficial for appraisers, real estate agents, and insurance agents when assessing the market value and risk.
Economic Outlook
Coconino County, Arizona has seen a robust increase in average taxable income per tax return, rising from $51,168.18 in 2013 to $75,541.06 in 2021. This suggests strong economic growth and an attractive environment for potential residents and investors. However, state and local income taxes have more than tripled from $4,263.03 in 2012 to $12,339.66 in 2021, highlighting a growing tax burden. Moreover, the average total tax liability per tax return rose from $8,014.12 in 2012 to $12,386.07 by... Read more
Average Taxable Income per Tax Return in Coconino County, AZ over the last 9 years
Over the past nine years, Coconino County, AZ has experienced a significant increase in average taxable income per tax return, climbing from $51,168.18 in 2013 to $75,541.06 in 2021. This upward trend indicates robust economic growth and an increasing earning potential for residents. For investors and potential residents, this data suggests a thriving economic environment with positive financial trajectories, making it an attractive location for property investment and relocation.
Average State and Local Income Taxes Per Tax Return in Coconino County, AZ Over the Last 10 Years
Coconino County, AZ has seen a pronounced rise in state and local income taxes per tax return over the past decade, surging from $4,263.03 in 2012 to $12,339.66 in 2021. The increase reflects substantial fiscal changes, particularly noticeable from 2017 onwards. This trend signals a growing tax burden which could impact both current residents and those considering relocating to the area.
Average Total Tax Liability Per Tax Return in Coconino County, AZ Over the Last 10 Years
Over the past decade, Coconino County in Arizona saw a notable increase in average total tax liability per tax return, starting from $8,014.12 in 2012 and reaching $12,386.07 by 2021. This consistent rise, particularly the significant jump between 2020 and 2021, signals an expanding economic base and potentially higher average incomes, making it an attractive area for property investors and new residents looking for a thriving, economically resilient community.
Cost of Living in Coconino County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,974 | $1,593 | $2,402 | $1,716 | $1,895 |
| 1 adult 4 children | $1,974 | $1,301 | $1,855 | $1,716 | $1,979 |
| 2 adults 3 children | $1,974 | $1,301 | $2,076 | $1,716 | $1,578 |
| 1 adult 3 children | $1,974 | $1,062 | $1,528 | $1,716 | $1,708 |
| 2 adults 2 children | $1,615 | $1,065 | $1,749 | $1,495 | $1,262 |
| 1 adult 2 children | $1,615 | $796 | $1,201 | $1,495 | $1,305 |
| 2 adults 1 child | $1,615 | $842 | $1,422 | $778 | $1,053 |
| 1 adult 1 child | $1,615 | $544 | $874 | $778 | $983 |
| 2 adults | $1,308 | $676 | $1,096 | $0 | $829 |
| 1 adult | $1,227 | $369 | $548 | $0 | $715 |
Safety trends & Data
In Coconino County, Arizona, property crime hasn't followed a clear trend, with larceny-theft consistently high but seeing a notable drop from a peak of 909.00 incidents in 2019 to much lower numbers by 2022. Burglary also decreased by 2022 compared to its peak in 2019, while vandalism dropped to 256.00 incidents in 2022 from 442.00 in 2018. Stable but generally low motor vehicle theft rates add to the complex crime landscape that investors, developers, and real estate agents should weigh when... Read more
Property Crime Trends in Coconino County, AZ Over the Last 5 Years
In Coconino County, Arizona, property crime trends over the past five years have not portrayed a consistent pattern. Larceny-theft has consistently dominated in terms of volume, peaking in 2019 at 909.00 but significantly dropped by 2022. Burglary saw mixed trends, with a noticeable reduction by 2022 compared to the peak in 2019. Vandalism similarly showed a decreasing trend, hitting 256.00 in 2022, down from 442.00 in 2018. Trends of motor vehicle theft have remained relatively stable but generally low. This nuanced fluctuation in crime statistics should be factored in by potential investors, property developers, and real estate agents analyzing the area's living and business environment.
Demographics
Coconino County, Arizona, showcases a relatively balanced gender distribution among adults, with a slight majority of female residents. Educational attainment trends indicate that the population is well-educated, with a considerable number of individuals holding at least a bachelor's degree or higher. There appears to be a diverse age distribution, particularly within the young adult (20-34 years) demographic, which might imply a dynamic workforce and potential consumer base. Racial diversity... Read more
Race Distribution in Coconino County, Arizona (2022)
Educational Attainment in Coconino County, Arizona (2022)
Age Distribution in Coconino County, Arizona
Citizen Population in Coconino County, Arizona (2022)
Political Trends & Data
Coconino County in Arizona leaned strongly Democratic during the 2020 U.S. Presidential Election, capturing about 61% of the vote compared to 37% for Republicans and a minimal impact from Libertarians at just over 2%. This trend hints at either a solid Democratic base or unique local factors shaping voter preferences in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Coconino County in Arizona appeared to lean heavily towards the Democrat party in the 2020 U.S. Presidential Election, with approximately 61% of the vote. In contrast, Republicans garnered around 37%, while Libertarians barely made an impact with just over 2%. The data suggests that other parties such as the Green party didn't register any significant presence. This trend could indicate a strong Democratic base in this region or specific local factors affecting voter preferences.
36.92% of voters voted for the Republican party in the 2020 Presidential Election
61.00% of voters voted for the Democrat party in the 2020 Presidential Election
2.08% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Coconino County, Arizona's student-to-teacher ratio has fluctuated notably over the past decade, peaking at 20 in 2022 before dipping to 14 this year. These swings suggest potential strains on educational resources, which could affect family decisions on housing and potentially impact local real estate values. Real estate investors and other stakeholders might find these trends relevant, especially when evaluating properties near... Read more
Student-to-teacher ratio in Coconino County, Arizona over the last 10 years
Over the last decade, Coconino County, Arizona's student-to-teacher ratio has shown some variability. It reached as high as 20 students per teacher in 2022, significantly above the national average of 14 students per teacher, which might indicate strains on teacher resources or shifting student demographics. While the ratio has decreased to 14 in the current year, the fluctuations could impact education quality and school funding, influencing both parental decisions on where to live and investor interest in local real estate. Appraisers and insurers may also need to consider these changes when evaluating properties near schools in the area.
