Mohave County Real Estate and Livability Trends
Mohave County, Arizona, has exhibited notable economic growth with average taxable income rising from $39,859.75 in 2013 to $62,529.07 in 2021. Median home values more than doubled from $123,200 in 2015 to $233,700 in 2022, outpacing national trends and hinting at a hot real estate market. Despite the drop in principal residence mortgages from 21,247 in 2021 to 12,923 in 2022, fluctuating trends... Read more
Mohave County Market Trends
In Mohave County, Arizona, the median home values have surged from $123,200 in 2015 to $233,700 in 2022, outpacing national trends. The average residential energy tax credit per tax return also saw a notable increase, peaking at $3,876.56 in 2018, highlighting incentives for energy-efficient investments. Average real estate taxes per return nearly doubled over the past decade, suggesting either... Read more
Median Value of Occupied Housing Units in Mohave County, Arizona Over the Last 8 Years
The median home values in Mohave County, Arizona have significantly increased over the past 8 years from $123,200 in 2015 to $233,700 in 2022. This growth surpasses the national trend where median values rose from $125,500 to $179,400 within the same period. While Arizona as a whole has also seen a rise, with values jumping from $167,500 to $321,400, Mohave County's growth could present more accessible investment opportunities compared to the state's overall surge.
Residential Energy Tax Credit Per Tax Return in Mohave County, AZ Over the Last 9 Years
Mohave County, Arizona has seen a significant rise in the average residential energy tax credit per tax return over the past nine years. Starting from $1,090.32 in 2013, the credit values experienced a notable increase, peaking at $3,876.56 in 2018. This upward trend, with minor dips, highlights growing incentives for energy-efficient home investments, making it an attractive area for those looking to benefit from energy savings and tax credits. This trend is particularly compelling for potential investors, property developers, and homeowners prioritizing sustainability.
Average Real Estate Taxes Per Tax Return in Mohave County, AZ Over the Last 10 Years
Over the last decade, Mohave County, Arizona, has experienced a substantial increase in average real estate taxes per tax return. Starting at approximately $1,803.23 in 2012, these taxes have climbed steadily, reaching about $3,615.66 by 2021. This trend may reflect rising property values or increasing tax rates, making it an important consideration for potential investors, homebuyers, and current residents. This escalation could impact housing affordability and the cost of living, necessitating careful financial planning for those looking to move to or invest in the area.
Percentage of Farm Returns in Mohave County, AZ Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Mohave County, Arizona has fluctuated slightly but generally remained below 0.34%. The highest point of these returns was approximately 0.33% in 2013, with a rather stable downward trend reaching the lowest point of 0.25% in 2020. Farm tax returns are crucial because they reflect the agricultural sector's activity and economic contribution in the region. This relatively low and slightly decreasing trend might indicate broader economic factors affecting local farming, potentially providing insightful data for investors, developers, and residents interested in the county's economic health and growth opportunities. For those considering agricultural investments or property development in Mohave County, understanding these trends can help gauge the region's economic stability and viability.
Number of Mortgages by Occupancy Type in Mohave County, AZ Over the Last 5 Years in Mohave County
The mortgage trends in Mohave County, Arizona over the last five years reveal significant fluctuations in types of properties being financed. Principal residences saw a notable climb in 2021, peaking at 21,247 mortgages, but drastically dipped to 12,923 in 2022. Meanwhile, investment properties and second residences experienced a more volatile pattern, peaking and dropping at different times. For investors and potential homeowners, understanding these shifts could provide insights into market stability and potential returns. Appraisers and insurance agents might consider how these trends influence property valuations and risk assessments. Real estate professionals can tailor strategies to align with these evolving occupancy patterns, ensuring they meet the current demands of buyers and investors in the area.
Economic Outlook
Mohave County, Arizona has seen consistent rises in average taxable income, jumping from $39,859.75 in 2013 to $62,529.07 in 2021. This indicates robust economic growth, making it increasingly appealing to investors and developers. The average state and local income taxes have also surged, from $3,822.71 in 2012 to $10,266.34 in 2021, reflecting rising living costs that could impact financial planning. Additionally, the average total tax liability has more than doubled from $5,643.37 in 2012 to... Read more
Average Taxable Income per Tax Return in Mohave County, AZ over the last 9 years
Mohave County, AZ has shown a consistent upward trend in average taxable income over the past nine years, climbing from $39,859.75 in 2013 to $62,529.07 in 2021. This reflects a robust economic growth in the region, making it an increasingly attractive destination for investors, new residents, and property developers. The significant jump in 2021 suggests a particularly strong economic performance, emphasizing the county's potential for future opportunities and financial stability.
Average State and Local Income Taxes Per Tax Return in Mohave County, AZ Over the Last 10 Years
Mohave County, AZ has seen a significant increase in average state and local income taxes per tax return over the last decade. Starting from $3,822.71 in 2012, this value has steadily risen, reaching $10,266.34 by 2021. This trend highlights an escalating tax burden, markedly surging after 2017, affecting cost of living and financial planning for current and prospective residents.
Average Total Tax Liability Per Tax Return in Mohave County, AZ Over the Last 10 Years
Mohave County, Arizona has seen a significant increase in average total tax liability per tax return over the past decade, jumping from $5,643.37 in 2012 to a notable $10,021.36 by 2021. This uptick suggests a rise in both income levels and potentially property values, which investors and prospective homebuyers might find particularly enticing. With such growth, those interested in the local market should keep an eye on broader economic factors influencing this trend as it reflects broader financial prosperity in the area.
Cost of Living in Mohave County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,473 | $1,440 | $2,780 | $1,462 | $1,544 |
| 1 adult 4 children | $1,473 | $1,176 | $2,146 | $1,462 | $1,629 |
| 2 adults 3 children | $1,473 | $1,176 | $2,402 | $1,462 | $1,255 |
| 1 adult 3 children | $1,473 | $960 | $1,768 | $1,462 | $1,309 |
| 2 adults 2 children | $1,058 | $963 | $2,023 | $1,268 | $933 |
| 1 adult 2 children | $1,058 | $719 | $1,390 | $1,268 | $894 |
| 2 adults 1 child | $1,058 | $761 | $1,645 | $641 | $827 |
| 1 adult 1 child | $1,058 | $492 | $1,012 | $641 | $670 |
| 2 adults | $831 | $611 | $1,267 | $0 | $660 |
| 1 adult | $711 | $333 | $634 | $0 | $525 |
Safety trends & Data
Mohave County, Arizona has seen fluctuating property crime rates over the past five years, with Larceny-Theft peaking at 1,146 incidents in 2019 but dropping to 788 incidents in 2022. Significant declines in Burglary, down from 219 to 92 incidents, and Vandalism, from 477 to 309 incidents, indicate an overall reduction in property crime. While Arson and Motor Vehicle Theft have stayed relatively stable, the general downward trend in property crimes might attract potential investors and new... Read more
Property Crime Trends in Mohave County, AZ Over the Last 5 Years
Over the past five years, Mohave County, Arizona has experienced fluctuating property crime rates. Larceny-Theft consistently ranks as the most prevalent crime, peaking at 1,146 incidents in 2019, but showing a downward trend with 788 incidents in 2022. Burglary and Vandalism have also decreased significantly from 2018 to 2022, with notable declines in Burglary from 219 to 92 incidents and Vandalism from 477 to 309 incidents. Interestingly, Arson and Motor Vehicle Theft have remained relatively stable with slight variations. These trends suggest a general reduction in property crime, which could appeal to potential investors, real estate agents, and those considering moving to the area.
Demographics
Mohave County, Arizona shows a near balance between male and female adults, hinting at an overall stable gender demographic. Educational attainment levels appear varied, with a significant portion holding high school diplomas and some college experience, suggesting a workforce with basic educational grounding but not heavily skewed towards advanced degrees. The age distribution skews older, particularly in the 55 to 74 age brackets, which might influence healthcare and retirement service needs.... Read more
Race Distribution in Mohave County, Arizona (2022)
Educational Attainment in Mohave County, Arizona (2022)
Age Distribution in Mohave County, Arizona
Citizen Population in Mohave County, Arizona (2022)
Political Trends & Data
Mohave County, Arizona, tends to lean heavily Republican, with around 75% of the vote in the 2020 Presidential Election going to the GOP. Democrats, in contrast, pulled in roughly 24%, and Libertarians saw little support at just over 1%. This strong conservative base might impact local and state election outcomes, highlighting the county's potential influence on broader political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mohave County, Arizona, seemingly leans heavily Republican with about 75% of the vote in the 2020 U.S. Presidential Election, while Democrats garnered roughly 24%. Libertarian support appears to be minimal at just over 1%, and no significant votes for Green or other parties were recorded. This trend could suggest a solid conservative base in the region, potentially influencing local and state elections as well.
75.03% of voters voted for the Republican party in the 2020 Presidential Election
23.72% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Mohave County, Arizona, has varied notably over the past decade, peaking at 22 students per teacher in 2017 and dropping to 18 in 2021, significantly above the national average of 14. This fluctuation could influence decisions for investors or families looking to move, as higher ratios might hint at larger class sizes and potentially lower quality of education. Real estate agents, appraisers, and insurance agents may see these trends as indicative of broader... Read more
Student-to-teacher ratio in Mohave County, Arizona over the last 10 years
The student-to-teacher ratio in Mohave County, Arizona, has fluctuated over the last decade, ranging from a low of 18 students per teacher in 2021 to a high of 22 in 2017. These figures are notably higher than the national average of 14 students per teacher. This variability could impact decisions for potential investors or families considering a move, as higher ratios often suggest larger class sizes which might influence the quality of education. Real estate agents, appraisers, and insurance agents, too, may find these trends indicative of broader socio-economic dynamics at play, affecting property values and the desirability of the area for families prioritizing education.
