Navajo County Real Estate and Livability Trends
Navajo County, Arizona, shows an intriguing economic pattern, where average taxable incomes jumped from $39,411.19 in 2013 to $54,218.08 in 2021. Alongside this, state and local income taxes also rose, from $3,309.84 in 2012 to $7,028.00 in 2021. Property crime rates, particularly burglary and larceny-theft, have seen a significant drop, yet vandalism persists. The median home value surged from... Read more
Navajo County Market Trends
In Navajo County, Arizona, the median home value has surged from $104,400 in 2015 to $165,600 in 2022, potentially offering more affordable investment opportunities compared to the state and national averages. The rise in residential energy tax credits and real estate taxes suggests an increased emphasis on sustainability and a shifting economic landscape, both essential for potential investors.... Read more
Median Value of Occupied Housing Units in Navajo County, Arizona Over the Last 8 Years
The median home value in Navajo County, Arizona has seen significant growth over the past eight years, rising from $104,400 in 2015 to $165,600 in 2022. While this growth is substantial, Navajo County's current median value is still markedly lower compared to Arizona's state average of $321,400 and the national average of $179,400 for 2022. This could suggest that Navajo County might offer more affordable investment opportunities relative to state and national benchmarks, making it an interesting prospect for buyers looking for lower entry costs while still benefiting from upward trends in property values.
Residential Energy Tax Credit Per Tax Return in Navajo County, AZ Over the Last 9 Years
Navajo County, Arizona has witnessed a significant rise in the average residential energy tax credit per tax return over the last nine years. Starting at $632.31 in 2013, the credit saw a notable escalation, peaking at $2,535.00 in 2018. Even with slight fluctuations, the sustained increase reflects a growing investment in energy-efficient improvements. This trend signals an enhanced commitment to sustainable living, making the area particularly appealing for eco-conscious investors and residents.
Average Real Estate Taxes Per Tax Return in Navajo County, AZ Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Navajo County, Arizona have shown notable fluctuations. Despite a mixed trend initially, there's been a marked increase since 2016, with taxes rising from $2,025.04 that year to $3,037.70 by 2021. The most significant jumps occurred between 2017 and 2020, suggesting potential economic or policy shifts impacting property costs. This rising trend in real estate taxes could be crucial for prospective investors, property developers, and those considering relocation, as it hints at a changing economic landscape in the region.
Percentage of Farm Returns in Navajo County, AZ Over the Last 10 Years
In Navajo County, Arizona, the percentage of farm tax returns has shown a slight upward trend over the past decade, peaking at 2.72% in 2018. Farm tax returns here reflect the financial health of agricultural activities and provide some insight into the economic landscape. A higher percentage of farm returns can suggest a more vibrant farming economy, which might be beneficial for potential investors or those looking to move to or build property in rural areas. The increase, although gradual, could indicate growing agricultural development, making this location worth watching for those interested in farming or rural investments.
Number of Mortgages by Occupancy Type in Navajo County, AZ Over the Last 5 Years in Navajo County
The mortgage data for Navajo County, Arizona, reveals notable fluctuations over the past five years, particularly in the types of occupancy. Investment property mortgages have seen a steady increase, suggesting a rising interest in rental and vacation properties. Conversely, second residence mortgages spiked in 2020 and 2021 but tapered off in 2022, perhaps due to changing economic conditions or a pandemic-driven boost in demand. Meanwhile, principal residences consistently dominate the market, though their numbers varied, peaking prominently in 2021. These trends are crucial for investors, appraisers, and real estate agents, as they reflect shifting priorities and economic impacts that influence property values and insurance risks. Understanding these patterns can guide strategic decisions on property investments, development, and market forecasting.
Economic Outlook
Navajo County, Arizona, has experienced a notable climb in average taxable income per tax return, from $39,411.19 in 2013 to $54,218.08 by 2021, indicating a strengthening economy that could attract investors and new residents. However, this economic growth comes alongside a substantial rise in average state and local income taxes, growing from $3,309.84 in 2012 to $7,028.00 in 2021, which might affect disposable income and cost of living. Despite this, the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Navajo County, AZ over the last 9 years
Navajo County, AZ has seen significant growth in average taxable income per tax return over the past nine years. Starting at $39,411.19 in 2013, it has steadily increased, reaching $54,218.08 by 2021. This upward trend reflects a strengthening local economy, making it an appealing destination for potential investors, new residents, and property developers. The notable jump in recent years highlights emerging opportunities and an improving financial landscape.
Average State and Local Income Taxes Per Tax Return in Navajo County, AZ Over the Last 10 Years
Over the last decade, Navajo County, AZ has seen a notable uptick in average state and local income taxes per tax return, rising from $3,309.84 in 2012 to $7,028.00 in 2021. This significant increase, particularly sharp since 2018, suggests a growing economic burden on residents, potentially impacting disposable income and cost of living. This trend is crucial for prospective movers and current inhabitants to consider for financial planning and lifestyle adjustments.
Average Total Tax Liability Per Tax Return in Navajo County, AZ Over the Last 10 Years
Over the last decade, Navajo County, Arizona has seen a considerable increase in the average total tax liability per tax return, rising from $5,241.52 in 2012 to $7,531.59 in 2021. This upward trend suggests growing income levels and possibly greater economic activity in the area, making it an interesting prospect for investors and those looking to build or move there. The sharp rise, especially evident in the last few years, indicates a booming regional economy and could be attractive for new businesses and potential homeowners seeking long-term growth.
Cost of Living in Navajo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,336 | $1,420 | $2,765 | $1,478 | $1,484 |
| 1 adult 4 children | $1,336 | $1,159 | $2,139 | $1,478 | $1,579 |
| 2 adults 3 children | $1,336 | $1,160 | $2,387 | $1,478 | $1,203 |
| 1 adult 3 children | $1,336 | $947 | $1,761 | $1,478 | $1,285 |
| 2 adults 2 children | $1,037 | $949 | $2,008 | $1,281 | $954 |
| 1 adult 2 children | $1,037 | $709 | $1,383 | $1,281 | $931 |
| 2 adults 1 child | $1,037 | $750 | $1,630 | $641 | $840 |
| 1 adult 1 child | $1,037 | $485 | $1,004 | $641 | $690 |
| 2 adults | $788 | $603 | $1,252 | $0 | $667 |
| 1 adult | $722 | $329 | $626 | $0 | $559 |
Safety trends & Data
Navajo County, Arizona has seen a significant decline in property crimes over the last five years, with burglary cases dropping from 73 in 2018 to only 21 in 2022 and larceny-theft decreasing from 558 to 174. However, vandalism remains comparatively high, with minor fluctuations from 193 cases in 2018 to 132 in 2022. These trends could be crucial for potential investors and real estate agents assessing risk profiles in the... Read more
Property Crime Trends in Navajo County, AZ Over the Last 5 Years
Over the last five years, Navajo County, Arizona has experienced a noticeable decrease in property crimes, especially in areas like burglary and larceny-theft. For instance, burglary cases dropped from 73 in 2018 to just 21 in 2022, and larceny-theft saw a decline from 558 to 174 over the same period. However, vandalism remains relatively high and has shown minor fluctuations, from 193 cases in 2018 to 132 in 2022. This data may be of particular interest to potential investors, real estate agents, and insurance agents looking at risk profiles and trends in the area.
Demographics
Navajo County in Arizona presents a nearly balanced gender ratio with both male and female populations hovering around 39,200. The educational attainment chiefly includes high school graduates, with a notable portion pursuing some college education without obtaining a degree. Age-wise, a significant part of the population is either very young or approaching retirement age, indicating potential shifts in community needs and services. The racial diversity is highlighted by a substantial... Read more
Race Distribution in Navajo County, Arizona (2022)
Educational Attainment in Navajo County, Arizona (2022)
Age Distribution in Navajo County, Arizona
Citizen Population in Navajo County, Arizona (2022)
Political Trends & Data
Navajo County in Arizona showed a slight Republican preference in the 2020 U.S. Presidential Election, with approximately 53.00% of the vote. The Democrats followed closely at around 45.00%, while the Libertarian Party captured a minor share of 1.40%. This suggests a predominantly two-party landscape with a hint of third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Navajo County in Arizona leaned slightly Republican in the 2020 U.S. Presidential Election, with around 53% of votes going to the GOP compared to approximately 45% for the Democrats. The Libertarian party garnered a minimal share of about 1.4%, and other parties did not make a notable impact. These figures suggest a predominantly two-party dynamic but also indicate some level of third-party presence.
53.43% of voters voted for the Republican party in the 2020 Presidential Election
45.17% of voters voted for the Democrat party in the 2020 Presidential Election
1.40% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Navajo County in Arizona has seen its student-to-teacher ratio fluctuate significantly over the past decade, peaking at 22 in 2019 before decreasing to around 15 recently, aligning more closely with the national average of 14. This trend may indicate improved school capacity, making the area more appealing to families prioritizing education quality. For appraisers and insurance agents, these shifts could impact property valuations and risk assessments by reflecting the quality of educational... Read more
Student-to-teacher ratio in Navajo County, Arizona over the last 10 years
Over the past decade, Navajo County in Arizona has experienced significant fluctuations in its student-to-teacher ratio, peaking at 22 in 2019 before gradually declining to approximately 15 in recent years. This recent shift aligns more closely with the national average of 14 students per teacher. For potential investors, real estate developers, and residents, these changes might indicate improvements in school capacity, potentially making the area more attractive for families prioritizing education quality. For appraisers and insurance agents, understanding these trends could impact property valuations and risk assessments by reflecting educational infrastructure quality, arguably influencing the overall desirability of the county.
