Mono County Real Estate and Livability Trends
Median home values in Mono County, California, surged from $286,100 in 2016 to $496,800 by 2022, indicating potential investment opportunities though remaining more affordable than the state’s median of $659,300. With notable peaks in residential energy tax credits in 2018 and 2021, state policies might be driving energy-efficient upgrades, which are attractive for investors. Real estate taxes... Read more
Mono County Market Trends
Median home values in Mono County, California soared from $286,100 in 2016 to $496,800 by 2022, making it a somewhat more affordable option compared to the state's median of $659,300. However, these figures overshadow the national median of $179,400, illustrating significant property investment stakes. The county also saw considerable peaks in residential energy tax credits in 2018 and 2021,... Read more
Median Value of Occupied Housing Units in Mono County, California Over the Last 8 Years
Median home values in Mono County, California have experienced significant fluctuations and sharp increases over the past eight years. After a dip to $286,100 in 2016, the median value soared to $496,800 by 2022. Compared to California’s statewide median of $659,300 in 2022, Mono County offers a slightly more affordable option. However, both figures far exceed the national median of $179,400 for the same year, underscoring the high property investment stakes in this area. This dynamic makes Mono County particularly compelling for those looking to invest in or move to an area with rapidly appreciating home values.
Residential Energy Tax Credit Per Tax Return in Mono County, CA Over the Last 9 Years
Mono County, California has seen significant fluctuations in the average residential energy tax credit per tax return over the last nine years, with notable peaks in 2018 ($4100.00) and 2021 ($4012.50). This trend suggests increased utilization and possible investment in energy-efficient upgrades. For those looking to invest, move to, or develop property in Mono County, these credits represent substantial financial incentives to incorporate sustainable energy solutions. The variations indicate a responsive local market, potentially driven by state energy policies and economic conditions, making energy efficiency both a lucrative and practical consideration for residents and businesses alike.
Average Real Estate Taxes Per Tax Return in Mono County, CA Over the Last 10 Years
Mono County, California has seen a notable increase in average real estate taxes per tax return over the past decade, starting from approximately $4,343.04 in 2012 and reaching about $7,330.16 in 2021. This rise might suggest higher property values or increased tax rates. For investors or potential residents, this trend could indicate a thriving or growing real estate market. However, those considering moving or investing here should weigh this with their financial plans due to potentially higher tax liabilities.
Percentage of Farm Returns in Mono County, CA Over the Last 10 Years
Over the past decade, the percentage of farm returns in Mono County, California has shown slight variations, hovering mostly around 0.47% with a small increase to 0.53% in 2021. While there are minor fluctuations year over year, this relatively stable trend might imply a consistent agricultural presence in the area. Understanding farm tax returns is crucial as they reflect the financial state and viability of local farming activities, which can, in turn, affect property values, local economy, and investment opportunities in the region. This trend suggests that farming, while not dominant, plays a stable role in Mono County's economy, potentially appealing to agricultural investors or those looking for rural property investment.
Number of Mortgages by Occupancy Type in Mono County, CA Over the Last 5 Years in Mono County
In Mono County, California, mortgage counts for second residences significantly outnumbered those for principal residences and investment properties from 2018 to 2021. Principal residence mortgages spiked notably in 2020 and 2021, before dropping in 2022 alongside investment and second residence mortgages. These shifts in mortgage volumes might indicate changing real estate preferences, possibly driven by economic factors or evolving lifestyle choices. For investors, homeowners, real estate agents, appraisers, and insurance agents, understanding these trends can offer insights into market health, regional demand for different property types, and potential changes in housing stability.
Economic Outlook
In Mono County, California, the average taxable income has steadily climbed over the past nine years, jumping from $52,316.48 in 2013 to $85,490.20 in 2021. Significant increases occurred between 2016 and 2017, and again in the past year, hinting at economic growth and greater earning potential. Meanwhile, average state and local income taxes per tax return have surged, reaching $17,336.07 in 2021 from $8,015.79 in 2012, with notable spikes in 2017 and 2019. Coupled with an increase in total... Read more
Average Taxable Income per Tax Return in Mono County, CA over the last 9 years
Average taxable income in Mono County, CA has shown a steady upward trend over the past nine years, rising from $52,316.48 in 2013 to $85,490.20 in 2021. Notably, there was a significant jump between 2016 and 2017, with values increasing from $57,907.19 to $67,949.31, and another substantial rise between 2020 and 2021. This trend underscores economic growth and increased earning potential in the area, making it an attractive prospect for investors and those looking to relocate.
Average State and Local Income Taxes Per Tax Return in Mono County, CA Over the Last 10 Years
In Mono County, CA, over the past decade, residents have experienced a marked increase in average state and local income taxes per tax return, rising from $8,015.79 in 2012 to $17,336.07 in 2021. Notable spikes occurred in 2017 and 2019, with jumps to $13,519.58 and $14,998.51 respectively. This upward trend underscores a growing financial burden for taxpayers, making it a critical factor for potential movers and current residents to consider when evaluating the cost of living in the area.
Average Total Tax Liability Per Tax Return in Mono County, CA Over the Last 10 Years
Mono County, California has experienced a noticeable increase in average total tax liability per tax return over the past decade, with figures jumping from $8,379.20 in 2012 to $14,220.47 in 2021. Particularly sharp increases are seen in 2017 and 2021, suggesting periods of significant economic growth or changes in local or state tax policies. This trend is critical for potential investors, residents, and property developers as it indicates a rising fiscal demand and potentially higher cost of living in the area.
Cost of Living in Mono County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,970 | $1,709 | $2,680 | $2,430 | $2,638 |
| 1 adult 4 children | $1,970 | $1,396 | $2,074 | $2,430 | $2,660 |
| 2 adults 3 children | $1,970 | $1,396 | $2,313 | $2,430 | $2,266 |
| 1 adult 3 children | $1,970 | $1,140 | $1,707 | $2,430 | $2,394 |
| 2 adults 2 children | $1,386 | $1,143 | $1,946 | $2,130 | $1,658 |
| 1 adult 2 children | $1,386 | $854 | $1,340 | $2,130 | $1,758 |
| 2 adults 1 child | $1,386 | $903 | $1,580 | $1,157 | $1,213 |
| 1 adult 1 child | $1,386 | $583 | $973 | $1,157 | $1,163 |
| 2 adults | $1,137 | $726 | $1,213 | $0 | $858 |
| 1 adult | $1,061 | $396 | $606 | $0 | $812 |
Safety trends & Data
Mono County, California has experienced fluctuating property crime rates over the last four years, which might impact investor and resident decisions. Burglaries spiked in 2019 to 16.0 incidents from 4.0 in 2018, then leveled off with 11.0 incidents in 2022. Larceny-theft saw a noticeable uptick to 11.0 incidents in 2022, while vandalism hit its peak in 2020 with 7.0 incidents and then steadied. Sporadic motor vehicle theft and fraud suggest unpredictable yet targeted criminal activity, making... Read more
Property Crime Trends in Mono County, CA Over the Last 4 Years
Mono County, California has shown varied trends in property crimes over the last four years, making it critical for investors, real estate agents, and residents to stay informed. The number of burglaries spiked in 2019 to 16.0 incidents from just 4.0 in 2018, though it later stabilized with 11.0 incidents in 2022. Larceny-theft incidents have generally remained low but consistent, with a noticeable increase to 11.0 incidents in 2022. Instances of vandalism peaked in 2020 at 7.0 incidents and have since remained relatively steady. There were sporadic cases of motor vehicle theft and fraud, which indicates fluctuating but targeted criminal activities. This data is crucial for appraisers and insurance agents to gauge risk and for potential homeowners and investors to make informed decisions.
Demographics
Mono County, California showcases a demographic profile with a slight male majority. Educational attainment reveals that a significant portion of the populace holds some college education, yet there is a noticeable fraction without a high school diploma. The age distribution is fairly balanced but leans towards a larger number of individuals in their prime working years, specifically those aged 35 to 64. Racially, the population is predominantly White, with very small percentages represented by... Read more
Race Distribution in Mono County, California (2022)
Educational Attainment in Mono County, California (2022)
Age Distribution in Mono County, California
Citizen Population in Mono County, California (2022)
Political Trends & Data
Mono County, California, displayed a strong propensity towards Democratic voting in the 2020 U.S. Presidential Election, with about 59.6% of locals leaning blue. Republican support hovered around 37.3%, while Libertarian and Green Party votes barely moved the needle at roughly 1.9% and 0.6% respectively. This implies a dominant liberal electorate, which could influence future real estate dynamics, possibly swaying toward developments that align with progressive community planning and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mono County, California, the 2020 U.S. Presidential Election likely showed a significant leaning towards the Democratic Party, with approximately 59.6% of votes, while the Republican Party gathered around 37.3%. Libertarian and Green parties seemed to have minimal support, each receiving around 1.9% and 0.6% of the vote respectively, similar to the "Other" category. These trends might indicate a predominant liberal voter base in the county.
37.30% of voters voted for the Republican party in the 2020 Presidential Election
59.56% of voters voted for the Democrat party in the 2020 Presidential Election
1.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.62% of voters voted for the Green party in the 2020 Presidential Election
0.65% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mono County, California has seen its student-to-teacher ratio fluctuate between 12 and 16 students per teacher over the past nine years. This variation indicates a potential focus on educational quality, which matters for families considering a move and could enhance property values. Smaller class sizes might be a selling point for those seeking more personalized education, suggesting a community invested in both infrastructure and... Read more
Student-to-teacher ratio in Mono County, California over the last 9 years
Mono County, California has seen its student-to-teacher ratio fluctuate over the past nine years, with a high of 16 students per teacher in 2014 and a low of 12 per teacher in 2015 and 2021. Despite these changes, the ratio has remained relatively close to the national average of 14 students per teacher, sitting between 12 and 14 for most years. For potential investors, residents, appraisers, and real estate agents, this variation in student-to-teacher ratios could indicate a focus on educational quality, which is a significant consideration for families planning to move into the area. Smaller class sizes might appeal to those seeking more personalized attention in education and could potentially enhance property values. Conversely, insurance agents and builders might see these trends as indicative of community investment in infrastructure and amenities.
