Costilla County Market Trends
Median Value of Occupied Housing Units in Costilla County, Colorado Over the Last 8 Years
Costilla County's median home values have lagged behind both state and national trends over the past 8 years. Starting from $102,300 in 2015 and rising to $145,200 in 2022, Costilla's growth appears modest when compared to Colorado's jump from $247,800 to $465,900 and the national increase from $125,500 to $179,400 in the same period. Although it's seen a notable spike recently, Costilla remains an attractive spot for budget-conscious buyers looking for affordable investment opportunities within Colorado.
Residential Energy Tax Credit Per Tax Return in Costilla County, CO Over the Last 7 Years
Costilla County, Colorado has seen a notable fluctuation in residential energy tax credits per tax return over the past seven years, peaking at $2,075.00 in 2021. The trend highlights increased government incentives for energy-efficient upgrades, with significant rises in 2017 and 2020. Those considering property investments or sustainable developments in this area could benefit from these substantial tax credits, reflecting a push towards green energy and infrastructure by local authorities.
Average Real Estate Taxes Per Tax Return in Costilla County, CO Over the Last 9 Years
Real estate taxes in Costilla County, Colorado, have shown some fluctuations over the past nine years. 2012 saw an average of $1,285.71 per tax return, dipping to $1,075.00 in 2014 before a notable rise to $2,250.00 in 2020. This suggests potential volatility in the tax burden on property owners, which could impact investment decisions. Investors and potential residents might find the uptick in recent years significant, possibly reflecting changes in property valuations or county tax policies.
Percentage of Farm Returns in Costilla County, CO Over the Last 10 Years
Over the last decade, Costilla County in Colorado has seen a slight but consistent decrease in the percentage of farm tax returns filed. Starting at 8.96% in 2012 and dropping to about 5.94% in 2021, this trend might suggest changes in the local agricultural economy or shifts in economic focus. Farm tax returns usually reflect profitability in the agriculture sector, so this decline could be an indicator of less profitable or reduced farming activity. For potential investors, residents, or property developers, understanding these shifts is essential when evaluating the county’s economic landscape and future opportunities.
Number of Mortgages by Occupancy Type in Costilla County, CO Over the Last 5 Years in Costilla County
The data for Costilla County, Colorado, shows a notable increase in the number of mortgages for principal residences over the past five years, peaking at 161 in 2021. This suggests a growing trend in homeowners settling in the area. In contrast, mortgages for investment properties and second residences have seen minimal fluctuations. For investors and real estate agents, these patterns indicate a potentially vibrant market for primary homes, whereas the tepid growth in investment properties might suggest a more cautious approach. For appraisers and insurance agents, understanding these shifts helps in accurately assessing property values and risk assessments respectively. Overall, the dynamics in occupancy type provide key insights into demographic and economic trends essential for strategic decision-making.
Economic Outlook
Average Taxable Income per Tax Return in Costilla County, CO over the last 9 years
Costilla County, CO has seen a steady increase in the average taxable income per tax return over the past nine years. From $34,074.24 in 2013 to $42,550.31 in 2021, this upward trend highlights a growing economic vitality in the area. Notably, the most significant jump occurred between 2020 and 2021, suggesting recent economic developments or increasing prosperity. For potential investors and residents, this trend indicates a robust local economy with rising income levels, making Costilla County a promising location for investment, relocation, or property development.
Average State and Local Income Taxes Per Tax Return in Costilla County, CO Over the Last 9 Years
Average state and local income taxes per tax return in Costilla County, CO, have displayed a fluctuating pattern over the last nine years, ranging from a low of $3,366.67 in 2012 to a high of $3,984.62 in 2016. Notably, taxes peaked in 2014 at $3,930.00 and saw another significant rise in 2016, reflecting potential economic circumstances impacting taxpayers. Residents and prospective movers may find this trend relevant as it showcases the county's variable tax obligations, which could influence financial planning and living costs.
Average Total Tax Liability Per Tax Return in Costilla County, CO Over the Last 10 Years
Over the past decade, Costilla County, Colorado has seen fluctuating average total tax liabilities per tax return, starting at $4856.63 in 2012, peaking at $5209.78 in 2016, and settling around $5082.05 in 2021. This variability indicates a fluctuating economic environment where tax liabilities have not consistently trended in one direction, reflecting a mix of growth and contractions in the local economy. This financial data can be pivotal for investors, potential residents, or developers trying to gauge the economic stability and growth potential of the area.
Cost of Living in Costilla County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,209 | $1,673 | $2,013 | $1,311 | $1,467 |
| 1 adult 4 children | $1,209 | $1,366 | $1,559 | $1,311 | $1,584 |
| 2 adults 3 children | $1,209 | $1,367 | $1,737 | $1,311 | $1,195 |
| 1 adult 3 children | $1,209 | $1,116 | $1,283 | $1,311 | $1,292 |
| 2 adults 2 children | $924 | $1,119 | $1,461 | $1,136 | $966 |
| 1 adult 2 children | $924 | $836 | $1,007 | $1,136 | $944 |
| 2 adults 1 child | $924 | $884 | $1,185 | $566 | $854 |
| 1 adult 1 child | $924 | $571 | $731 | $566 | $692 |
| 2 adults | $724 | $710 | $909 | $0 | $663 |
| 1 adult | $720 | $387 | $455 | $0 | $575 |
Demographics
Costilla County, Colorado, shows a nearly balanced gender distribution with a slight male majority. Educational attainment is diverse, with the largest group being high school graduates, followed by those with some college but no degree. Age-wise, the population skews older, particularly in the 55 to 74 age brackets. Racially, the county is predominantly White, with smaller representations from other racial groups. This paints a picture of a relatively stable community with a mix of education... Read more
Race Distribution in Costilla County, Colorado (2022)
Educational Attainment in Costilla County, Colorado (2022)
Age Distribution in Costilla County, Colorado
Citizen Population in Costilla County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Costilla County, Colorado saw a significant lean towards the Democratic party in the 2020 U.S. Presidential Election, with around 63% of the vote. Republicans garnered roughly 35%, indicating a notable but not dominant opposition. Third parties had minimal impact, with Libertarians and Greens combined receiving less than 1% of the total. The county's voting pattern reflects broader state-wide trends that might suggest a shift towards Democratic preferences.
35.39% of voters voted for the Republican party in the 2020 Presidential Election
62.61% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
1.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Costilla County, Colorado over the last 10 years
Costilla County, Colorado has experienced fluctuations in its student-to-teacher ratio over the past decade, with values ranging from 11 to nearly 15. After peaking at nearly 14 students per teacher in 2016, the ratio saw some dips but has recently risen to approximately 15 in 2023. This trend suggests that while the area has generally maintained a favorable student-to-teacher ratio compared to the national average of 14, recent increases could imply growing class sizes. For investors, potential residents, appraisers, insurance agents, and real estate agents, understanding these shifts is crucial as they may reflect broader demographic and educational resource trends which can influence property values, community services, and overall quality of life in Costilla County.
