Cheyenne County Market Trends
Median Value of Occupied Housing Units in Cheyenne County, Colorado Over the Last 8 Years
The median home values in Cheyenne County, Colorado have seen a significant upward trend over the past eight years, climbing from $82,300 in 2015 to $166,300 in 2022. This sharp increase, particularly from 2020 onwards, is striking when compared to the national median, which moved from $125,500 to $179,400 in the same period. However, Cheyenne County remains considerably more affordable than the state median, which surged from $247,800 to $465,900. These dynamics might suggest strong investment potential for those looking to capitalize on relatively lower entry points before potential further appreciation.
Average Real Estate Taxes Per Tax Return in Cheyenne County, CO Over the Last 6 Years
Over the past six years, real estate taxes per tax return in Cheyenne County, Colorado have experienced some fluctuations, with amounts ranging from $971.43 to $1,228.57. While there was a spike in 2014, peaking at $1,228.57, 2013 saw the lowest at $971.43. These variations indicate potential shifts in property values or tax policies, making it crucial for investors and homebuyers to monitor these trends closely.
Percentage of Farm Returns in Cheyenne County, CO Over the Last 10 Years
Farm tax returns in Cheyenne County, Colorado have seen a slight decline over the last decade, ranging from 21.55% to 26.25%. These percentages of farm returns reflect the portion of tax filings indicating farm income, which can be a crucial metric for understanding the health and sustainability of local agricultural businesses. While the percentage peaked at 26.25% in 2015, it decreased to 21.55% by 2021. This trend might suggest changes in the economic viability of farming in the county, potentially affecting investment opportunities, property development, and the overall agricultural landscape.
Number of Mortgages by Occupancy Type in Cheyenne County, CO Over the Last 5 Years in Cheyenne County
Cheyenne County, Colorado has witnessed a noticeable shift in mortgage activity over the past five years, with a significant uptick in principal residence mortgages, peaking at 84 mortgages in 2021 from just 26 in 2018. Meanwhile, investment property mortgages have remained relatively stable but much lower in number, fluctuating around 5-6 annually with a drop to just 1 in 2021. Second residence mortgages have consistently seen minimal activity. These trends could indicate a growing demand for primary living spaces, potentially driving up property values and influencing investment strategies. Real estate agents and appraisers might focus more on the residential market, while insurance agents may need to adjust their offerings to suit the growing demographic of primary homeowners. For prospective investors and builders, the low and stable activity in investment properties suggests potential opportunities with less competition.
Economic Outlook
Average Taxable Income per Tax Return in Cheyenne County, CO over the last 9 years
Cheyenne County, CO has seen fluctuations in average taxable income per tax return over the last nine years, with a noticeable dip from $60,446.51 in 2013 to $40,512.05 in 2016 before gradually rising again to $59,614.63 in 2021. This trend indicates a period of economic challenges followed by recovery and growth, suggesting potential volatility that investors or new residents should consider when evaluating the area's financial stability and long-term viability.
Average State and Local Income Taxes Per Tax Return in Cheyenne County, CO Over the Last 7 Years
Over the past seven years, average state and local income taxes per tax return in Cheyenne County, CO, have seen significant fluctuations, with a high of $9,525.00 in 2013 and a low of $5,333.33 in 2017. More recently, there was a notable increase to $7,100.00 in 2021, which suggests a rising trend that prospective residents should consider for financial planning.
Average Total Tax Liability Per Tax Return in Cheyenne County, CO Over the Last 10 Years
Cheyenne County, Colorado has seen fluctuating tax liabilities over the past decade. From a high of $11,131.75 per return in 2012, there was a notable dip to $7,280.33 in 2017 before rebounding to $10,650.77 in 2021. This variability can impact financial planning for residents and investors, suggesting that economic factors in the county may be quite dynamic.
Cost of Living in Cheyenne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,164 | $1,255 | $2,013 | $1,311 | $1,270 |
| 1 adult 4 children | $1,164 | $1,025 | $1,559 | $1,311 | $1,404 |
| 2 adults 3 children | $1,164 | $1,025 | $1,737 | $1,311 | $1,045 |
| 1 adult 3 children | $1,164 | $837 | $1,283 | $1,311 | $1,150 |
| 2 adults 2 children | $826 | $839 | $1,461 | $1,136 | $857 |
| 1 adult 2 children | $826 | $627 | $1,007 | $1,136 | $831 |
| 2 adults 1 child | $826 | $663 | $1,185 | $566 | $766 |
| 1 adult 1 child | $826 | $428 | $731 | $566 | $635 |
| 2 adults | $628 | $533 | $909 | $0 | $595 |
| 1 adult | $623 | $291 | $455 | $0 | $538 |
Safety trends & Data
Property Crime Trends in Cheyenne County, CO Over the Last 3 Years
Over the last three years, Cheyenne County, Colorado, has seen fluctuations in property crime. Motor vehicle thefts peaked in 2021 with 2 incidents. Vandalism was reported in 2020 with 2 incidents, while burglary also resurfaced in 2021 with 1 incident. Potential property investors and real estate professionals might find the data useful for risk assessment and mitigation strategies. These crime trends also have implications for those considering moving to or building in the area, as well as for appraisers and insurance agents in evaluating property values and setting insurance premiums.
Demographics
Cheyenne County, Colorado, has a relatively balanced adult population split between males and females, though males slightly outnumber females. Educational attainment reveals a strong emphasis on high school education, with a notable portion of the population holding a high school diploma or some college experience. Age distribution highlights a significant population in the 55 to 64 age range, suggesting an older demographic trend. Racially, the county is predominantly White, with very small... Read more
Race Distribution in Cheyenne County, Colorado (2022)
Educational Attainment in Cheyenne County, Colorado (2022)
Age Distribution in Cheyenne County, Colorado
Citizen Population in Cheyenne County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cheyenne County, Colorado, the 2020 U.S. Presidential Election results might indicate a strong Republican preference, with Republicans potentially capturing close to 87% of the vote. Democrats could have secured just over 11%, suggesting limited support. Third-party candidates, such as Libertarians and others, garnered minimal votes, hinting at a political landscape perhaps dominated by conservative values.
87.41% of voters voted for the Republican party in the 2020 Presidential Election
11.53% of voters voted for the Democrat party in the 2020 Presidential Election
0.53% of voters voted for the Livertarian party in the 2020 Presidential Election
0.53% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Cheyenne County, Colorado over the last 10 years
Cheyenne County, Colorado has consistently maintained a student-to-teacher ratio well below the national average of fourteen students per teacher over the past decade. The ratio fluctuated between eight and nine students per teacher, peaking at approximately nine in 2020. This notably low ratio suggests a more personalized education environment compared to the broader United States, which might be appealing to families prioritizing individual attention in educational settings. For real estate agents, appraisers, and those considering moving to or investing in the area, this could be a compelling factor in property valuation and desirability. Consequently, builders and investors might find opportunities to cater to incoming families seeking quality education, while insurance agents might consider the lower ratio as a metric potentially indicative of a community with strong educational infrastructure.
