Arapahoe County Market Trends
Median Value of Occupied Housing Units in Arapahoe County, Colorado Over the Last 8 Years
Median home values in Arapahoe County, Colorado, have increased significantly over the past eight years, reaching $480,500 in 2022, compared to $247,600 in 2015. This jump far outpaces the national median value of $179,400 and even eclipses Colorado's state median of $465,900. Such trends suggest that Arapahoe County is seen as a more desirable area within the state and potentially a high-value investment opportunity, given its rate of appreciation. Higher median values typically reflect demand, perceived quality of life, or economic growth, making this area attractive for potential buyers and investors.
Residential Energy Tax Credit Per Tax Return in Arapahoe County, CO Over the Last 9 Years
Residential energy tax credits per tax return in Arapahoe County, Colorado have seen significant fluctuations over the past nine years. Starting at $429.87 in 2013, the average amount jumped to over $1,000 in 2015 and peaked at $3,923.33 in 2018. Despite slight drops in subsequent years, the credit remained higher than earlier figures, with 2021 showing an average of $2,565.78. This trend suggests a growing investment in renewable energy and efficiency improvements, making the county an attractive option for eco-conscious homeowners and investors seeking favorable tax benefits.
Average Real Estate Taxes Per Tax Return in Arapahoe County, CO Over the Last 10 Years
Average real estate taxes per tax return in Arapahoe County, Colorado have shown a consistent increase over the past decade. Back in 2012, the average was approximately $2,798.33, but by 2021, it had risen to about $5,176.50. This upward trend suggests a growing property market, possibly tied to rising property values or expanding local services. For investors, this pattern indicates potential for long-term property value appreciation, while residents might need to consider the implications of increased housing costs.
Percentage of Farm Returns in Arapahoe County, CO Over the Last 10 Years
Farm tax returns in Arapahoe County, Colorado, have seen a slow but steady decline over the past decade, moving from 0.32% in 2012 to 0.22% by 2021. This trend could suggest a shift away from agricultural activity or a reclassification of land use. For investors or potential residents, this might indicate a growing emphasis on non-farming development and could impact land values and tax structures. Understanding these shifts can be crucial when planning any long-term investments or development projects in the county.
Number of Mortgages by Occupancy Type in Arapahoe County, CO Over the Last 5 Years in Arapahoe County
Mortgage trends in Arapahoe County, Colorado over the last five years highlight significant shifts in occupancy types. Principal Residence mortgages have seen a notable decline from 89,505 in 2020 to 39,973 in 2022, reflecting potential demographic shifts or market saturation. Investment Property mortgages also dropped from a peak of 5,269 in 2021 to 2,525 in 2022, which may indicate reduced investor confidence or changes in property values and rental yields. Meanwhile, Second Residence mortgages have consistently been the lowest, remaining relatively stable but low in volume. These trends are crucial for investors, appraisers, and real estate agents to understand potential shifts in market demand and the economic landscape's impact on housing types.
Economic Outlook
Average Taxable Income per Tax Return in Arapahoe County, CO over the last 9 years
Over the past nine years, Arapahoe County, CO, has seen a significant increase in average taxable income per tax return, rising from $71,769.61 in 2013 to $110,309.09 in 2021. This upward trend highlights the county's growing economic strength and makes it an attractive location for potential investors, new residents, and developers seeking opportunities in a financially robust area. The steady increase, especially the jump from 2020 to 2021, indicates a resilient local economy, despite broader uncertainties.
Average State and Local Income Taxes Per Tax Return in Arapahoe County, CO Over the Last 10 Years
Over the past decade, Arapahoe County, CO has seen a significant rise in average state and local income taxes per tax return, jumping from $6,754.21 in 2012 to $14,659.96 in 2021. This steep increase, particularly notable after 2017, could impact both current residents and potential movers, suggesting a higher tax burden to consider when budgeting or planning finances in the area.
Average Total Tax Liability Per Tax Return in Arapahoe County, CO Over the Last 10 Years
Arapahoe County, Colorado has witnessed a significant increase in the average total tax liability per tax return over the past decade. Starting at around $14,461.63 in 2012, the tax liability has steadily climbed, reaching $21,431.64 by 2021. This upward trend suggests a rising economic footprint, which might be indicative of growing incomes and economic activity in the area. Potential investors, homeowners, and business developers should consider these financial dynamics as they reflect the county's fiscal growth and evolving economic landscape.
Cost of Living in Arapahoe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,468 | $1,601 | $1,479 | $2,769 | $2,296 |
| 1 adult 4 children | $2,468 | $1,307 | $1,141 | $2,769 | $2,414 |
| 2 adults 3 children | $2,468 | $1,308 | $1,278 | $2,769 | $2,067 |
| 1 adult 3 children | $2,468 | $1,067 | $940 | $2,769 | $2,259 |
| 2 adults 2 children | $1,871 | $1,070 | $1,077 | $2,411 | $1,577 |
| 1 adult 2 children | $1,871 | $800 | $739 | $2,411 | $1,691 |
| 2 adults 1 child | $1,871 | $846 | $876 | $1,250 | $1,183 |
| 1 adult 1 child | $1,871 | $546 | $538 | $1,250 | $1,206 |
| 2 adults | $1,550 | $680 | $675 | $0 | $829 |
| 1 adult | $1,401 | $371 | $338 | $0 | $735 |
Safety trends & Data
Property Crime Trends in Arapahoe County, CO Over the Last 5 Years
Over the last five years, Arapahoe County, Colorado has seen consistently high numbers of theft-related crimes, especially larceny-theft with values sometimes exceeding 2,500 incidents annually. Arson and motor vehicle theft have shown fluctuations, indicating potential variability in specific crime deterrence or reporting. Vandalism, though significant, appears to be relatively stable, suggesting repeat occurrences or hotspots. It's noteworthy that less common crimes like embezzlement and forgery have some variation but remain comparatively low. These trends can guide prospective investors, real estate agents, and residents in assessing the safety and risk factors of the area.
Demographics
Arapahoe County, Colorado, shows a nearly even split between male and female residents and reflects a diverse population skewing towards those with higher educational achievements, with bachelor's and graduate degrees making up a substantial portion of residents. The age distribution is relatively balanced but there's a noticeable concentration in the 25 to 44 age brackets, suggesting a vibrant workforce. The racial composition is predominantly White, but there are significant Black or African... Read more
Race Distribution in Arapahoe County, Colorado (2022)
Educational Attainment in Arapahoe County, Colorado (2022)
Age Distribution in Arapahoe County, Colorado
Citizen Population in Arapahoe County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Arapahoe County, Colorado, the Democratic Party appears to have a significant edge with approximately 61% of the vote share in the 2020 U.S. Presidential Election. Republicans followed, capturing around 36%, suggesting a lean toward Democratic preferences among voters. Minor parties like the Libertarians and Greens seemed to have a negligible impact, each garnering less than 2% of the votes. This distribution could imply a tendency toward bipartisan dominance, with third parties struggling to gain a foothold in this county.
36.36% of voters voted for the Republican party in the 2020 Presidential Election
61.00% of voters voted for the Democrat party in the 2020 Presidential Election
1.55% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
0.83% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Arapahoe County, Colorado over the last 10 years
Over the past decade, the student-to-teacher ratio in Arapahoe County, Colorado has fluctuated but generally trended downward from a high of approximately 23 students per teacher to just under 20 the past few years. This is notably higher than the national average of 14 students per teacher, which could suggest a more crowded learning environment. For investors, real estate agents, or those considering a move, this trend may affect property values and the attractiveness of the area for families prioritizing education. Appraisers and insurance agents might also note this as influencing factors in client decisions and property assessments.
