Yuma County Real Estate and Livability Trends
Yuma County, Arizona has seen consistent growth in its average taxable income, moving from $38,114.80 in 2013 to $51,657.15 by 2021, suggesting a potentially enticing economic environment for investors. Median home values in the county rose from $112,100 in 2015 to $173,500 in 2022, providing budget-friendly investment opportunities relative to state and national averages. A notable drop in... Read more
Yuma County Market Trends
Yuma County, Arizona, has experienced a steady rise in median home values from $112,100 in 2015 to $173,500 in 2022, still remaining below state and national averages. This may signify more budget-friendly investment opportunities in the region. Real estate taxes also saw an uptick from $2,062.08 in 2012 to $3,436.27 by 2021, possibly due to higher property values. Additionally, residential... Read more
Median Value of Occupied Housing Units in Yuma County, Arizona Over the Last 8 Years
Median home values in Yuma County, Arizona have seen a consistent rise over the past eight years, jumping from $112,100 in 2015 to $173,500 in 2022. Despite this significant increase, Yuma County's median values still trail behind both Arizona's and the national average. For instance, Arizona's median home value surged from $167,500 in 2015 to $321,400 in 2022, while the national average moved from $125,500 to $179,400 during the same period. This gap might suggest that Yuma County could offer more affordable investment opportunities, especially when compared to the broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Yuma County, AZ Over the Last 9 Years
Yuma County, Arizona has seen a notable rise in residential energy tax credits per tax return over the past nine years. Starting at $1,124.69 in 2013, the credits have surged to $3,396.10 by 2021. This data signals a growing investment in energy-efficient home improvements, likely driven by increasing awareness and incentives. For those interested in investing, moving to, building property in, or currently residing in Yuma County, this upward trend reflects a proactive community focus on energy efficiency, potentially leading to long-term savings and enhanced property values.
Average Real Estate Taxes Per Tax Return in Yuma County, AZ Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Yuma County, Arizona have seen a noticeable upward trend. Starting at around $2,062.08 in 2012, the average tax amount gradually increased to $3,436.27 by 2021, with a significant spike between 2016 and 2020. This rise in property taxes could reflect a growing local real estate market or increased property values, making it a crucial consideration for potential investors and residents thinking about building or buying property in the area.
Percentage of Farm Returns in Yuma County, AZ Over the Last 10 Years
In Yuma County, Arizona, the percentage of farm tax returns has shown a slight decline over the past decade. Starting from approximately 0.36% in 2012, it has decreased to around 0.27% in 2021. This trend could indicate a marginal reduction in the number of agricultural businesses in the area, which might inform decisions related to investing, property development, or resettlement. Farm tax returns represent the portion of tax filings from agricultural operations, providing a bellwether for the health and presence of farming activities in the region. The steady decrease might suggest a shift in economic focus or changes in land use patterns within Yuma County.
Number of Mortgages by Occupancy Type in Yuma County, AZ Over the Last 5 Years in Yuma County
In Yuma County, Arizona, there has been a noticeable shift in mortgage distribution across different occupancy types over the past five years. Principal Residence mortgages have consistently dominated the market, peaking in 2021 with over 16,000 counts but showing a decline to around 9,751 in 2022. Investment Property mortgages saw a sharp increase to 923 in 2021 but dropped significantly to 581 in 2022, indicating potential market volatility or changing investor confidence. Second Residences have remained the smallest segment with a slight dip over the years. Understanding these shifts is crucial for investors, appraisers, insurance agents, and real estate developers as they reflect changing demands and economic conditions in the county, which can impact property values, insurance rates, and investment strategies.
Economic Outlook
Yuma County, Arizona has witnessed consistent growth in average taxable income per tax return, moving from $38,114.80 in 2013 to $51,657.15 by 2021. This financial uplift suggests a burgeoning local economy, potentially enticing investors and new residents. Meanwhile, average state and local income taxes in the county have surged, starting at $4,059.07 in 2012 and reaching $9,877.82 by 2021, notably doubling around 2018. Such tax increases may affect disposable income, influencing decisions of... Read more
Average Taxable Income per Tax Return in Yuma County, AZ over the last 9 years
Yuma County, AZ has seen a steady increase in average taxable income per tax return over the past nine years. Starting at $38,114.80 in 2013, it has risen consistently each year, reaching $51,657.15 by 2021. This upward trend points to a growing local economy, making it an attractive location for investors, new residents, and those looking to build property, as the rising incomes could correlate with higher standards of living and increasing property values.
Average State and Local Income Taxes Per Tax Return in Yuma County, AZ Over the Last 10 Years
Over the last decade, Yuma County, AZ has experienced a significant and steady increase in average state and local income taxes per tax return. Starting at $4,059.07 in 2012, the figure soared to $9,877.82 by 2021—a notable spike around 2018 when taxes nearly doubled. Such an upward trend may impact residents' disposable income and could be a crucial factor for prospective movers considering cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Yuma County, AZ Over the Last 10 Years
In Yuma County, Arizona, the average total tax liability per tax return has seen notable fluctuations over the past decade. Starting at $6,100.46 in 2012, there was a gradual decline to $5,843.90 by 2014, followed by a significant jump in 2015 to $6,431.90. The upward trend continued through 2017, peaking at $7,178.95. Noteworthy decreases in subsequent years show variability, with a dip to $6,531.43 in 2018 and slight increases, ending on a high at $6,930.88 in 2021. These shifts highlight economic dynamics essential for potential investors, residents, and developers in understanding the fiscal landscape of the county.
Cost of Living in Yuma County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,514 | $1,291 | $2,730 | $1,462 | $1,441 |
| 1 adult 4 children | $1,514 | $1,054 | $2,108 | $1,462 | $1,515 |
| 2 adults 3 children | $1,514 | $1,055 | $2,359 | $1,462 | $1,159 |
| 1 adult 3 children | $1,514 | $861 | $1,736 | $1,462 | $1,239 |
| 2 adults 2 children | $1,073 | $863 | $1,987 | $1,268 | $882 |
| 1 adult 2 children | $1,073 | $645 | $1,365 | $1,268 | $840 |
| 2 adults 1 child | $1,073 | $682 | $1,616 | $641 | $790 |
| 1 adult 1 child | $1,073 | $441 | $994 | $641 | $649 |
| 2 adults | $815 | $548 | $1,245 | $0 | $625 |
| 1 adult | $810 | $299 | $622 | $0 | $547 |
Safety trends & Data
Yuma County, Arizona has experienced notable trends in property crimes over the past five years, with larceny-theft incidents significantly dropping from 703.00 cases in 2018 to 304.00 in 2022 and burglary numbers peaking at 82.00 in 2020 before declining to 62.00 in 2022. Vandalism incidents also saw a reduction from 406.00 in 2018 to 288.00 in 2022. These changes may influence property valuations and insurance rates, providing valuable insights for investors, property developers, and real... Read more
Property Crime Trends in Yuma County, AZ Over the Last 5 Years
Yuma County, Arizona has seen varied trends in property crimes over the last five years. Notable fluctuations include a significant decrease in larceny-theft incidents, dropping from 703.0 cases in 2018 to 304.0 in 2022, reflecting changes potentially influenced by community initiatives or enforcement policies. Conversely, burglary numbers experienced a peak in 2020 with 82.0 occurrences but later declined to 62.0 by 2022. Vandalism incidents saw a reduction from 406.0 in 2018 to 288.0 in 2022, suggesting a possible mitigation success in managing such crimes. These trends provide key insights for investors, property builders, and real estate agents about the evolving safety landscape of Yuma County, impacting potential property valuations and insurance considerations.
Demographics
Yuma County, Arizona's adult population shows a slight male majority, suggesting potential socio-economic implications on gender-focused initiatives. The prevalent educational attainment levels reveal a significant portion of the population with high school-level education or some college but no degree, hinting at workforce development opportunities. Age distribution highlights a youthful demographic under 34, which could influence local policies and market strategies. The race distribution... Read more
Race Distribution in Yuma County, Arizona (2022)
Educational Attainment in Yuma County, Arizona (2022)
Age Distribution in Yuma County, Arizona
Citizen Population in Yuma County, Arizona (2022)
Political Trends & Data
The political landscape in Yuma County, Arizona, potentially influences real estate decisions, reflecting a slight Republican tilt with approximately 52% of the 2020 presidential vote, while Democrats garnered around 46%. A competitive political environment can often correlate with balanced community development and diverse policy-making, possibly making Yuma County an intriguing area for both conservative and liberal-minded... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Yuma County, Arizona, the 2020 U.S. Presidential Election leaned slightly Republican with around 52% of the vote, while Democrats trailed close behind, capturing about 46%. Libertarians held a minor presence, accounting for just over 1%. This distribution suggests a relatively competitive political environment with a modest lean towards the Republican Party.
52.28% of voters voted for the Republican party in the 2020 Presidential Election
46.09% of voters voted for the Democrat party in the 2020 Presidential Election
1.63% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Yuma County, Arizona, has experienced a student-to-teacher ratio significantly above the national average of 14 over the past decade, peaking at nearly 24 students per teacher in 2019 and decreasing to just below 21 in 2023. This could reflect changes in educational resources or student enrollments, affecting class sizes, teacher workload, and student engagement. Such trends are crucial for parents, educators, and policymakers to consider, especially for those investing in local real estate or... Read more
Student-to-teacher ratio in Yuma County, Arizona over the last 10 years
Over the past decade, Yuma County, Arizona, has generally seen a student-to-teacher ratio well above the U.S. national average of 14. After a peak in 2019 at nearly 24 students per teacher, the ratio has been on a gradual decline, reaching just below 21 in 2023. This trend could imply shifting educational resources or changing student enrollments, which would be crucial for parents, educators, and policymakers to consider when assessing the quality of education in the area. High ratios often correlate with larger class sizes, potentially impacting teacher workload and student engagement, making this data particularly relevant for anyone investing in local real estate or assessing community services.
