Baca County Market Trends
Median Value of Occupied Housing Units in Baca County, Colorado Over the Last 8 Years
Baca County, Colorado's median home values have seen significant growth over the past eight years, jumping from $73,200 in 2015 to $119,700 in 2022. Though these figures trail behind Colorado's state median of $465,900 and the national median of $179,400 in 2022, the sharp increase highlights potential for investors looking for growth markets. The noticeable rise from $73,200 to $119,700 in a relatively short period exposes an evolving market that might appeal to first-time homebuyers and investors seeking promising returns.
Average Real Estate Taxes Per Tax Return in Baca County, CO Over the Last 8 Years
Over the last eight years, the average real estate taxes per tax return in Baca County, Colorado have shown noticeable fluctuations, with a marked increase in recent years. The tax average hovered between approximately $846.15 in 2012 and peaked dramatically at $1,750.00 in 2019. Such variability, particularly the steep rise in 2019, may suggest changing economic conditions or policy adjustments in the county. Potential investors or those looking to move to Baca County should consider these tax trends as they could impact financial planning and property investment strategies.
Percentage of Farm Returns in Baca County, CO Over the Last 10 Years
Baca County, Colorado has seen slight fluctuations in the percentage of farm tax returns over the past decade, starting from about 24.38% in 2012, peaking at 25.32% in 2016, and gradually declining to around 22.15% in 2021. Farm tax returns are an important indicator of the agricultural sector's health, reflecting how much of the population is engaged in farming and filing taxes based on those activities. For those interested in investing in or moving to Baca County, these trends suggest a subtle decline in farming activity, potentially impacting local economy and property development focused on agriculture.
Number of Mortgages by Occupancy Type in Baca County, CO Over the Last 5 Years in Baca County
The trends observed in Baca County, Colorado over the last five years show varying mortgage activity by occupancy type. Principal Residences dominate the market, consistently holding the highest number of mortgages, peaking at 77 in 2021. Investment Properties show minimal activity, the highest being in 2019 with only 6 mortgages. Second Residences also remain low, peaking at 3 in 2018 but decreasing to 1 or 2 thereafter. These patterns hint at a predominantly owner-occupied housing market, which may imply stable community ties and lower tenant turnover. Investors could find less competition but might face lower rent demand, whereas prospective homeowners might experience steady property values. For appraisers and insurance agents, these trends highlight the importance of factoring in predominant occupancy types for accurate market assessments.
Economic Outlook
Average Taxable Income per Tax Return in Baca County, CO over the last 9 years
Over the past nine years, Baca County, CO has seen fluctuating average taxable incomes per tax return, peaking at $38,396.86 in 2013 and dipping to $29,351.95 in 2017. However, there's a noticeable uptick in recent years, with the average taxable income climbing back up to $41,354.55 in 2021. These trends highlight both the volatility and potential for economic recovery in the area, making it an intriguing location for new investments and opportunities.
Average State and Local Income Taxes Per Tax Return in Baca County, CO Over the Last 8 Years
Over the past eight years, Baca County, CO has experienced fluctuating average state and local income taxes per tax return, with notable peaks in 2015 at $4845.45 and in 2021 at $4650.00. Significant volatility was observed, particularly a substantial drop to $2750.00 in 2018. This variability can impact financial planning for residents, highlighting the necessity for potential movers to consider tax trends in their decision-making process.
Average Total Tax Liability Per Tax Return in Baca County, CO Over the Last 10 Years
Over the last decade, Baca County, Colorado has seen fluctuations in the average total tax liability per tax return, with values oscillating between $5,376.36 and $6,919.27. Notably, there's no clear upward or downward trend, which suggests a relatively stable, though variable, tax environment. This stability can be appealing for potential investors and residents, implying a predictable tax burden in a somewhat volatile financial landscape.
Cost of Living in Baca County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,235 | $2,013 | $1,311 | $1,250 |
| 1 adult 4 children | $1,174 | $1,008 | $1,559 | $1,311 | $1,382 |
| 2 adults 3 children | $1,174 | $1,009 | $1,737 | $1,311 | $1,028 |
| 1 adult 3 children | $1,174 | $823 | $1,283 | $1,311 | $1,129 |
| 2 adults 2 children | $826 | $826 | $1,461 | $1,136 | $840 |
| 1 adult 2 children | $826 | $617 | $1,007 | $1,136 | $809 |
| 2 adults 1 child | $826 | $653 | $1,185 | $566 | $750 |
| 1 adult 1 child | $826 | $421 | $731 | $566 | $619 |
| 2 adults | $647 | $524 | $909 | $0 | $587 |
| 1 adult | $643 | $286 | $455 | $0 | $531 |
Safety trends & Data
Property Crime Trends in Baca County, CO Over the Last 5 Years
Baca County, Colorado's property crime trends over the last five years reflect a notable volatility, particularly in burglary and vandalism incidents. From a relatively low base in 2018 with minimal occurrences, there was a significant surge in burglary cases by 2021, reaching its peak with 7 incidents, contrasting sharply with the sole reported incidents just a few years prior. Vandalism has also varied widely, hitting a peak of 10 incidents in 2020 before dropping to a single case in 2022. Interestingly, larceny-theft and motor vehicle theft display fluctuating but generally upward trends, potentially signaling broader economic or social disruptions. These insights might suggest caution for investors, real estate developers, appraisers, and insurance agents while potentially signaling opportunities for community intervention and enhanced security measures.
Demographics
Baca County, Colorado, appears to have a fairly balanced gender composition, with a slight majority of females. The age distribution suggests a notable presence of both younger children and those nearing retirement, potentially indicating a need for varied community services. Educational attainment levels show that a significant portion of adults have high school diplomas or some college experience, but fewer have advanced degrees. The racial makeup seems predominantly White, with marginal... Read more
Race Distribution in Baca County, Colorado (2022)
Educational Attainment in Baca County, Colorado (2022)
Age Distribution in Baca County, Colorado
Citizen Population in Baca County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Baca County, Colorado, the 2020 U.S. Presidential Election results indicated a strong preference for the Republican candidate, who received roughly 84% of the votes. This significantly outweighed the Democratic candidate’s support, which was around 14%, with minimal backing for third parties such as Libertarians and Greens. This pattern could suggest a deeply rooted conservative electorate in Baca County, reflecting broader regional political tendencies in rural Colorado areas.
83.91% of voters voted for the Republican party in the 2020 Presidential Election
14.25% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
0.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Baca County, Colorado over the last 10 years
Baca County, Colorado, has seen its student-to-teacher ratio fluctuate within a relatively low range over the past decade, from a low of about seven to a high of nearly nine students per teacher. This is significantly lower than the current US national average of 14 students per teacher, which could suggest more personalized attention for students and potentially better educational outcomes. For potential investors, appraisers, real estate agents, and those considering moving to the area, this trend might indicate a strong selling point related to the quality of the local education system. For insurance agents and property builders, a stable or growing population with good school systems might affect property values positively.
