Contra Costa County Real Estate and Livability Trends
Contra Costa County, California has seen a steep rise in median home values from $439,900 in 2015 to $787,300 by 2022, surpassing national and statewide averages. This gain in property values parallels increased real estate taxes, which nearly doubled from $5,556.35 in 2012 to $10,278.40 in 2021, potentially reflecting the area's economic growth. Additionally, the average taxable income jumped... Read more
Contra Costa County Market Trends
Contra Costa County, California has seen a significant rise in median home values, starting at $439,900 in 2015 and reaching $787,300 by 2022, outpacing both the national and statewide averages. Residential energy tax credits soared, peaking at $5,472.29 in 2018 before settling at $4,087.51 by 2021, reflecting an uptick in energy-efficient investments. Real estate taxes have nearly doubled from... Read more
Median Value of Occupied Housing Units in Contra Costa County, California Over the Last 8 Years
Contra Costa County, California has seen a significant uptick in median home values over the last eight years, starting at $439,900 in 2015 and reaching $787,300 by 2022. This rate of growth outpaces not just the national average, which moved from $125,500 to $179,400 in the same period, but also the state of California, which saw increases from $385,500 to $659,300. For potential investors, this suggests Contra Costa may offer higher appreciation rates, while current residents could find strong equity growth.
Residential Energy Tax Credit Per Tax Return in Contra Costa County, CA Over the Last 9 Years
Over the past nine years, Contra Costa County, California has seen significant increases in the average residential energy tax credit per tax return. Starting at $1,279.55 in 2013, the credit saw a notable rise to $5,472.29 in 2018. Despite a dip in subsequent years, it remained relatively high at $4,087.51 by 2021. This upward trend underscores a growing commitment to energy-efficient investments among residents, making it an attractive area for green initiatives and sustainable property development.
Average Real Estate Taxes Per Tax Return in Contra Costa County, CA Over the Last 10 Years
For those eyeing Contra Costa County, California, the rising real estate taxes over the past decade should be on your radar. Since 2012, average real estate taxes per return have nearly doubled, soaring from around $5,556.35 to $10,278.40 by 2021. Significant jumps, particularly post-2016, indicate a maturing market with escalating property values, suggesting higher potential for both investment returns and living costs. This trend could impact decisions on property investment, cost of living assessments, and overall financial planning for current or prospective residents.
Percentage of Farm Returns in Contra Costa County, CA Over the Last 10 Years
Over the last decade, Contra Costa County, California has seen a gradual decline in the percentage of farm tax returns, dropping from approximately 0.19% in 2012 to around 0.15% in 2021. Farm tax returns reflect the financial activity reported by farms in the county, serving as a relative indicator of agricultural engagement. This decreasing trend may suggest a shift away from farming activities in the region, which could influence property investments and development opportunities. Those looking to invest or move to Contra Costa County should be aware that agricultural presence might be gradually diminishing, potentially impacting land use and local economy dynamics.
Number of Mortgages by Occupancy Type in Contra Costa County, CA Over the Last 5 Years in Contra Costa County
Over the past five years in Contra Costa County, California, there has been a noticeable decrease in the number of mortgages for both investment and principal residences, with investment property mortgages showing a more significant drop. Principal residence mortgages saw a peak in 2020 at 130,867 before declining to 50,567 in 2022. This trend might indicate shifting market dynamics, possibly reflecting changes in housing demand or financial conditions. For prospective investors, understanding this trend can be crucial for gauging market saturation and potential rental yields. Meanwhile, real estate agents and appraisers might need to recalibrate house valuations and sales strategies given shifting buyer priorities. Insurance agents might also want to consider these dynamics when evaluating potential risks and coverage needs, as different occupancy types present varied risk profiles.
Economic Outlook
Contra Costa County has seen robust economic growth with average taxable income climbing from $93,598.03 in 2013 to $148,747.13 in 2021. This increasing prosperity makes the area attractive for investors and new residents, potentially boosting housing demand. However, the county has also experienced a significant rise in state and local income taxes, from $13,122.02 in 2012 to $32,083.97 in 2021, which could influence financial planning for residents. Despite these tax hikes, the total tax... Read more
Average Taxable Income per Tax Return in Contra Costa County, CA over the last 9 years
Contra Costa County has seen a notable rise in average taxable income per tax return over the past nine years, increasing from $93,598.03 in 2013 to $148,747.13 by 2021. This upward trend signifies robust economic growth, making it an attractive location for potential investors, new residents, and property developers. The consistent increase in average income also suggests a prosperous community, which could result in higher demand for housing and more consumer spending in the area.
Average State and Local Income Taxes Per Tax Return in Contra Costa County, CA Over the Last 10 Years
The average state and local income taxes per tax return in Contra Costa County, CA have shown a consistent upward trend over the last decade, with a notable increase from $13,122.02 in 2012 to a significant $32,083.97 in 2021. This steep rise in tax burdens reflects both increasing income levels and possibly higher tax rates, impacting the cost of living and financial planning for residents. Those considering moving to or currently residing in the county should be prepared for these escalating tax obligations, which could influence budget allocations and long-term financial strategies.
Average Total Tax Liability Per Tax Return in Contra Costa County, CA Over the Last 10 Years
Over the past decade, Contra Costa County, California has seen a significant increase in the average total tax liability per tax return, rising from $18,686.69 in 2012 to $32,373.87 in 2021. This upward trend highlights the county's economic growth and the rising incomes of its residents, making it increasingly attractive for potential investors and those considering relocating to the area. The consistent year-on-year growth suggests a robust local economy, which can be a positive indicator for property investments and long-term financial planning.
Cost of Living in Contra Costa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,162 | $1,790 | $2,162 | $2,940 | $3,277 |
| 1 adult 4 children | $3,162 | $1,461 | $1,669 | $2,940 | $3,391 |
| 2 adults 3 children | $3,162 | $1,462 | $1,868 | $2,940 | $2,952 |
| 1 adult 3 children | $3,162 | $1,194 | $1,375 | $2,940 | $3,030 |
| 2 adults 2 children | $2,419 | $1,197 | $1,574 | $2,591 | $2,263 |
| 1 adult 2 children | $2,419 | $894 | $1,081 | $2,591 | $2,400 |
| 2 adults 1 child | $2,419 | $946 | $1,280 | $1,457 | $1,722 |
| 1 adult 1 child | $2,419 | $611 | $787 | $1,457 | $1,777 |
| 2 adults | $1,980 | $760 | $986 | $0 | $1,045 |
| 1 adult | $1,668 | $414 | $493 | $0 | $990 |
Safety trends & Data
Property crime trends in Contra Costa County, California, have shown significant fluctuations over the past five years, potentially impacting property values and community perceptions. Embezzlement cases have generally declined, dropping from 46 incidents in 2018 to just 26 in 2022. Fraud cases have also decreased from a high of 149 in 2018 to 109 in 2022. Notably, burglaries saw a sharp decline, falling from 1,074 incidents in 2018 to 435 in 2022, which might positively affect property... Read more
Property Crime Trends in Contra Costa County, CA Over the Last 5 Years
Over the past five years in Contra Costa County, California, property crime numbers have exhibited varied trends with certain notable fluctuations. Embezzlement showed a generally declining trend, dipping from 46 incidents in 2018 to just 26 in 2022. Similarly, fraud cases reduced from a high of 149 in 2018 to 109 in 2022. A sharp decrease in burglary, from 1074 incidents in 2018 to 435 in 2022, could influence property valuations and perceived neighborhood safety. Contrarily, arson saw some volatility, peaking at 71 incidents in 2019, dropping significantly in 2021, and rising again to 68 in 2022. These dynamics highlight shifts in criminal activity that potential investors, real estate agents, and insurance providers should consider when making decisions.
Demographics
Contra Costa County, California shows a slightly higher female population compared to males, which may impact community planning and resource allocation decisions. Educationally, this area boasts a well-educated population with a significant portion holding bachelor’s or advanced degrees. Age distribution reveals a balanced demographic spread, though there's a notable concentration of residents in the 35-44 age range, possibly hinting at a strong working-age community. Racially, the majority... Read more
Race Distribution in Contra Costa County, California (2022)
Educational Attainment in Contra Costa County, California (2022)
Age Distribution in Contra Costa County, California
Citizen Population in Contra Costa County, California (2022)
Political Trends & Data
Contra Costa County, California demonstrated a potential strong Democratic leaning in the 2020 U.S. Presidential Election, with about 72% of the votes possibly supporting the Democratic party. Republicans may have only managed around 26%, indicating a substantial gap. Minor parties, such as the Libertarians and the Greens, likely received minimal support, estimated at around 1% and 0.5% respectively. These figures seem to reflect a broader trend within suburban California counties, suggesting a... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Contra Costa County, California saw a notable leaning towards the Democratic party in the 2020 U.S. Presidential Election, with approximately 72% of the votes possibly supporting the Democrats. Republicans may have garnered around 26%, indicating a significant gap between the two main parties. Minor parties like the Libertarians and the Greens likely received a minimal share, with Libertarians possibly securing about 1% and Greens close to 0.5%. This distribution could reflect a broader trend in suburban California counties, emphasizing a potential stronghold for Democratic candidates.
26.30% of voters voted for the Republican party in the 2020 Presidential Election
71.63% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Green party in the 2020 Presidential Election
0.57% of voters voted for the Other party in the 2020 Presidential Election
School Data
Contra Costa County, California has long experienced a student-to-teacher ratio well above the national average of fourteen, starting from a peak of 22.95 students per teacher in 2014 and slightly declining to 21.44 by 2023. This trend could hint at larger class sizes, possibly impacting individual student attention. For investors and property developers, these education trends may be key since schooling quality often affects local real estate values and community appeal. Understanding these... Read more
Student-to-teacher ratio in Contra Costa County, California over the last 9 years
Contra Costa County, California has consistently shown a student-to-teacher ratio significantly above the national average of fourteen over the past nine years. From a peak of 22.95 students per teacher in 2014, the ratio has gradually declined to 21.44 by 2023. This high ratio may suggest larger class sizes, which could impact the level of individual attention students receive. For those looking to invest in the area or build property, understanding these education trends could be crucial, as they might affect local real estate values and community appeal. Real estate agents, appraisers, and insurance agents should be aware of how class sizes correlate with neighborhood desirability and potentially the value of family-oriented housing.
