Colorado Market Trends
Median Value of Occupied Housing Units in Colorado Over the Last 8 Years
The median home values in Colorado have seen consistent growth over the past eight years, peaking at $465,900 in 2022, which is significantly higher than the national median of $179,400 for the same year. This persistent increase highlights a robust housing market in Colorado, making it an attractive option for investors and homebuyers looking for potential value appreciation. Compared to the national trend, Colorado's housing market appears to be considerably more dynamic, offering substantial investment opportunities but also hinting at higher costs for those planning to relocate.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Colorado over the last 10 years
Active Loans 30-60 Days Past Due in Colorado over the last 10 years in Colorado
Perent of loans that are Active Loans 90-180 Days Past Due in Colorado over the last 10 years in Colorado
Residential Energy Tax Credit Per Tax Return in Colorado Over the Last 9 Years
In Colorado, the average residential energy tax credit per tax return has experienced significant growth over the past nine years. Starting at $443.91 in 2013, the tax credit saw a sharp increase, peaking at $4,321.78 in 2018. Even after slight declines post-2018, the figures remained notably high, with 2021's average at $2,560.40. This upward trajectory highlights substantial incentives for energy-efficient home investments, making Colorado a compelling destination for eco-conscious homeowners and investors looking to capitalize on green building trends.
Average Real Estate Taxes Per Tax Return in Colorado Over the Last 10 Years
Over the last decade, Colorado has seen a notable increase in average real estate taxes per tax return, starting at $2,460.27 in 2012 and reaching $4,634.67 in 2021. This upward trend, particularly steep between 2016 and 2018, may suggest rising property values or changes in tax policies. For potential investors and current homeowners, understanding these dynamics could be crucial for financial planning and future investment strategies.
Percentage of Farm Returns in Colorado Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Colorado has seen a gradual decline, dropping from roughly 1.21% in 2012 to about 0.89% in 2021. This steady decrease might suggest a shift away from smaller agricultural operations or could indicate broader changes in economic activities within the state. For potential investors, property developers, and those investing in agro-based businesses, understanding this trend could provide insights into regional economic transitions and the evolving landscape of Colorado's farming community.
Economic Outlook
Average Taxable Income per Tax Return in Colorado over the last 9 years
Over the past nine years, the average taxable income per tax return in Colorado has seen a significant upward trend. Starting at $67,138.41 in 2013, it gradually rose to $105,351.77 by 2021. This substantial increase indicates a robust economic growth in the state, making it an appealing destination for investors, potential residents, and property developers, attracting individuals and families looking for higher earning potential and a prosperous environment.
Average State and Local Income Taxes Per Tax Return in Colorado Over the Last 10 Years
Average state and local income taxes per tax return in Colorado have steadily increased over the past decade, with a particularly sharp rise starting in 2018 when it jumped to $9,953.72. By 2021, this figure had surged to $13,754.59, indicating a significant rise in tax liabilities for residents. This upward trend could impact those considering moving to or residing in Colorado, as the higher taxes could reflect increased public spending or shifts in economic policy.
Average Total Tax Liability Per Tax Return in Colorado Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Colorado has shown a significant upward trend, starting from roughly $12,300.28 in 2012 and reaching $19,760.49 in 2021. This steady increase, notably peaking between 2020 and 2021, highlights an escalating financial obligation for taxpayers. For potential investors and residents, this pattern underscores the necessity to factor in higher tax liabilities when planning commercial or residential investments in Colorado.
Cost of Living in Colorado
Safety trends & Data
Property Crime Trends in Colorado Over the Last 5 Years
Property crime trends in Colorado reveal some eye-opening patterns over the past five years, making this an intriguing time for prospective investors and those planning to move. Fraud remains the most prevalent issue, though it has seen a notable decline from 21,990.00 in 2018 to 12,564.00 in 2022, which may signal improving economic conditions or more effective preventive measures. Vandalism, however, has stayed consistently high, indicating a persistent nuisance for property owners. Arson rates have shown a steady increase until peaking in 2021 at 4,100.00, before a slight decrease in 2022. For real estate agents, appraisers, and insurance agents, such crime trends underscore the importance of localized security investments and might impact property values and insurance premiums. Cautious optimism might be warranted when pondering long-term investments or relocations within Colorado.
Demographics
Colorado's gender balance is surprisingly even with males only slightly outnumbering females. The state shows elevated levels of higher education, with roughly one in five adults holding a graduate or professional degree, a stark contrast to the smaller percentages with only high school diplomas or lower. Colorado's age distribution trends younger, with a substantial segment aged 25 to 34, hinting at a vibrant workforce. Racial demographics reveal a predominant White population, but there... Read more
Race Distribution in Colorado (2022)
Educational Attainment in Colorado (2022)
Age Distribution in Colorado
Citizen Population in Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Colorado leaned towards the Democratic party, capturing approximately 55.4% of the votes. Republicans garnered around 41.9%, while the Libertarian and Green parties, along with other minor parties, received a much smaller share of the vote. This trend indicates a possible growing preference for Democrats in Colorado, which could reflect shifting political dynamics in the state.
41.90% of voters voted for the Republican party in the 2020 Presidential Election
55.40% of voters voted for the Democrat party in the 2020 Presidential Election
1.61% of voters voted for the Libertarian party in the 2020 Presidential Election
0.28% of voters voted for the Green party in the 2020 Presidential Election
0.82% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Colorado over the last 10 years
The student-to-teacher ratio in Colorado has fluctuated over the past decade, generally staying above the current U.S. national average of 14 students per teacher. From 2014 through 2023, ratios ranged from a low of approximately 15.83 in 2023 to a high of around 17.41 in 2020. Understanding these trends matters for investors, developers, and real estate professionals, as higher student-to-teacher ratios can potentially impact the perceived quality of education in a region, influencing both property values and the desirability of the area for families. For insurance agents and appraisers, these ratios might also subtly affect local community profiles and the risk assessments connected to demographic shifts.
