Adams County Market Trends
Median Value of Occupied Housing Units in Adams County, Colorado Over the Last 8 Years
Over the past eight years, median home values in Adams County, Colorado have shown a significant upward trend. Starting at $198,800 in 2015, they've climbed to $425,000 by 2022. While still below Colorado's median of $465,900, Adams County has trended much higher than the national median of $179,400. For potential investors and homebuyers, the pace of growth in Adams County suggests room for continued appreciation, making it an appealing locale compared to broader averages.
Residential Energy Tax Credit Per Tax Return in Adams County, CO Over the Last 9 Years
Adams County, Colorado has seen a notable increase in the average residential energy tax credit per tax return over the last nine years. Starting at $336.39 in 2013, the tax credit values surged significantly, hitting a peak of $4,039.85 in 2018 before settling at $2,744.88 by 2021. This trend indicates escalating investments in energy-efficient home improvements, making Adams County an attractive proposition for eco-conscious homebuyers and investors focused on sustainable living.
Average Real Estate Taxes Per Tax Return in Adams County, CO Over the Last 10 Years
Over the past decade, Adams County, Colorado has seen a noticeable increase in average real estate taxes per tax return. Real estate taxes rose from approximately $2,095.81 in 2012 to about $4,129.82 in 2021. This upward trend could suggest a combination of rising property values and potential adjustments in tax rates. Given the marked rise, prospective investors and those considering property developments might see this as indicative of the area's economic growth and increasing desirability. However, current and prospective homeowners should also consider the potential impact of these rising taxes on long-term affordability.
Percentage of Farm Returns in Adams County, CO Over the Last 10 Years
Adams County, Colorado has seen a slight but consistent decline in the percentage of farm returns over the last decade, dropping from approximately 0.40% in 2012 to around 0.25% by 2021. Farm tax returns give an indication of agricultural activity and potentially underutilized investment opportunities in the area. For prospective investors or property developers, this trend might suggest a shift in the county's economic focus away from agriculture, possibly opening up more opportunities in residential or commercial real estate. Additionally, for those interested in local sustainability or agribusiness, the data points to a noteworthy decline that could influence community planning and policy-making.
Number of Mortgages by Occupancy Type in Adams County, CO Over the Last 5 Years in Adams County
Adams County, Colorado has seen fluctuations in mortgage activity across different occupancy types over the past five years, with principal residences consistently dominating the market compared to investment and second properties. A notable point is the significant peak in principal residence mortgages in 2020, contrasting with the subsequent decline by 2022, which suggests potential shifts in housing demand or economic conditions. For investors or real estate agents, these changes hint at varying levels of stability and opportunity, whereas for those looking to move, it might suggest trends in housing availability or affordability. Appraisers and insurance agents should take note as variations in occupancy type could impact property valuations and risk assessments.
Economic Outlook
Average Taxable Income per Tax Return in Adams County, CO over the last 9 years
Adams County, CO has experienced a steady upward trend in average taxable income per tax return over the past nine years, with income climbing from $50,644.86 in 2013 to $71,203.59 in 2021. This consistent growth highlights a strengthening local economy, making it an attractive destination for investors and potential homeowners seeking long-term financial stability. Notably, the year-on-year increases in income provide a promising outlook for property development and neighborhood regeneration projects, driving further interest in the area.
Average State and Local Income Taxes Per Tax Return in Adams County, CO Over the Last 10 Years
Over the last decade, Adams County, CO has seen a consistent increase in average state and local income taxes per tax return, rising from $3,703.33 in 2012 to $6,349.15 in 2021. Notably, there was a significant jump in 2018, reaching $5,618.67, marking a steep climb compared to previous years. This trend indicates a growing tax burden, which potential residents should consider when evaluating the area's financial environment.
Average Total Tax Liability Per Tax Return in Adams County, CO Over the Last 10 Years
In Adams County, Colorado, the average total tax liability per tax return has shown a notable upward trend over the past decade, jumping from $7,053.60 in 2012 to $10,259.43 in 2021. This consistent increase highlights a growing tax burden that potential investors and residents should consider. While this might reflect rising incomes or property values, it also emphasizes the importance of thorough financial planning for those looking to move or invest in the area.
Cost of Living in Adams County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,332 | $1,496 | $1,479 | $2,769 | $2,211 |
| 1 adult 4 children | $2,332 | $1,222 | $1,141 | $2,769 | $2,383 |
| 2 adults 3 children | $2,332 | $1,222 | $1,278 | $2,769 | $1,990 |
| 1 adult 3 children | $2,332 | $998 | $940 | $2,769 | $2,203 |
| 2 adults 2 children | $1,767 | $1,000 | $1,077 | $2,411 | $1,528 |
| 1 adult 2 children | $1,767 | $747 | $739 | $2,411 | $1,646 |
| 2 adults 1 child | $1,767 | $791 | $876 | $1,250 | $1,152 |
| 1 adult 1 child | $1,767 | $511 | $538 | $1,250 | $1,171 |
| 2 adults | $1,465 | $635 | $675 | $0 | $807 |
| 1 adult | $1,324 | $346 | $338 | $0 | $719 |
Safety trends & Data
Property Crime Trends in Adams County, CO Over the Last 5 Years
Property crime trends in Adams County, Colorado, over the past five years reveal some fluctuations worth noting. While larceny-theft cases peaked in 2018 with 2,729 incidents, there has been a general decline, reaching 1,662 in 2022. Motor vehicle thefts have unfortunately shown an upward trend, starting at 213 in 2018 and rising to 448 in 2022. Arson and stolen property cases have also seen notable increases, suggesting potential areas of concern for both residents and investors. However, burglary and embezzlement rates appear relatively stable or declining, which may be a positive sign for property owners and insurance assessments.
Demographics
Adams County, Colorado, showcases a nearly balanced gender demographic among its adult population. The distribution of educational attainment reveals that a significant portion of residents have a high school diploma or some college education, yet there's a notable segment with less than a 9th-grade education. The age distribution emphasizes a youthful population, particularly in the 25 to 34-year range. Racially, the county is predominantly White, with smaller representation from Black or... Read more
Race Distribution in Adams County, Colorado (2022)
Educational Attainment in Adams County, Colorado (2022)
Age Distribution in Adams County, Colorado
Citizen Population in Adams County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Adams County in Colorado may lean towards the Democratic party, with Democrats potentially securing a more substantial share of the votes compared to Republicans. Libertarians and Green party candidates appear to attract minimal voter support. Other minor parties could collectively account for a small fraction of the vote, hinting at limited but existent diverse political preferences.
40.41% of voters voted for the Republican party in the 2020 Presidential Election
56.69% of voters voted for the Democrat party in the 2020 Presidential Election
1.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
1.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Adams County, Colorado over the last 10 years
Over the past decade, Adams County, Colorado has seen fluctuating student-to-teacher ratios, peaking at about 21 students per teacher in 2018 and 2017. For most years, ratios have been significantly higher than the US national average of fourteen students per teacher, suggesting potential challenges in individualized attention and resource allocation in classrooms. A notable dip occurred in 2021 when the ratio dropped to around eighteen students per teacher, indicating perhaps a response to reduced classroom sizes or staffing adjustments. These variations are crucial for prospective investors, real estate agents, and families considering the area, as they may affect property values, school desirability, and community planning. For insurance agents and appraisers, these trends might also inform risk assessments and valuation models based on local educational quality.
