Custer County Market Trends
Median Value of Occupied Housing Units in Custer County, Colorado Over the Last 8 Years
Custer County, Colorado has experienced a dynamic shift in median home values over the past eight years, surging from $220,400 in 2015 to $327,100 in 2022. While the county has seen a significant rise, it tends to underperform when compared to the broader Colorado state trends, where values climbed from $247,800 to $465,900 in the same period. On the other hand, Custer County's growth far outstrips the national median values, which increased from $125,500 to $179,400. This local spike may suggest that while Custer County remains more affordable compared to urban centers within Colorado, it represents a lucrative investment opportunity, particularly for those looking to capitalize on its upward momentum and more accessible price points relative to state averages.
Residential Energy Tax Credit Per Tax Return in Custer County, CO Over the Last 9 Years
Custer County, Colorado has seen a substantial increase in the average residential energy tax credit per tax return over the past nine years, indicating significant investment in energy-efficient improvements by homeowners. Starting at $683.33 in 2013 and peaking at $3,166.67 in 2019, the trend underscores growing local commitment to sustainability. This makes the county an attractive prospect for investors and new residents who are environmentally conscious and seek tax incentives for green initiatives.
Average Real Estate Taxes Per Tax Return in Custer County, CO Over the Last 10 Years
Over the last decade, Custer County, Colorado has experienced a notable rise in average real estate taxes per tax return, jumping from $1,970.00 in 2012 to a peak of $3,538.89 in 2020, before stabilizing around $2,950.00 in 2021. This upward trajectory suggests an increasing tax burden on property owners, potentially driven by higher property valuations and local fiscal policies. For investors and potential residents, this trend could imply a growing market but also emphasize the importance of considering tax implications when making property decisions.
Percentage of Farm Returns in Custer County, CO Over the Last 10 Years
Farm tax returns in Custer County, Colorado, have fluctuated over the past decade, showing a moderate but variable trend. From 2012 to 2021, the percentage of farm returns ranged roughly between 6.22% and 8.05%. These returns highlight the agricultural activity and economic contribution of farming within the county. For potential investors, builders, or new residents, understanding this data is crucial as it sheds light on the local economy's structure and opportunities for investment in agricultural ventures.
Number of Mortgages by Occupancy Type in Custer County, CO Over the Last 5 Years in Custer County
Custer County, Colorado has seen notable fluctuations in mortgage counts over the past five years, especially in the "Principal Residence" category, which spiked in 2020 and 2021 before dropping in 2022. Investment properties have consistently had lower mortgage numbers, reflecting possibly limited investor interest or smaller market size. Interestingly, second residences also experienced a rise during 2020 and 2021, which might highlight a trend towards vacation homes or remote work setups. Understanding these shifts is crucial for potential investors, real estate agents, and appraisers since they can significantly affect property values, risk assessments for insurance, and development plans.
Economic Outlook
Average Taxable Income per Tax Return in Custer County, CO over the last 9 years
The average taxable income per tax return in Custer County, CO reveals notable fluctuations and growth over the last nine years. Starting at $89,300.00 in 2013, it fell sharply to $57,682.20 in 2014 but showed a steady increase thereafter, reaching $81,210.61 in 2021. This upward trend signifies a positive economic shift, making the county an attractive option for investors, developers, and potential residents seeking promising financial growth and stability.
Average State and Local Income Taxes Per Tax Return in Custer County, CO Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Custer County, CO have exhibited significant growth, rising from $4,227.08 in 2012 to $8,629.41 in 2021. Notably, there was a sharp increase between 2017 and 2018, jumping from $5,097.96 to $7,535.29, highlighting a substantial escalation in tax burdens. This consistent upward trend may impact the financial planning of both current residents and prospective movers, making it crucial to consider how these rising costs factor into overall cost of living decisions.
Average Total Tax Liability Per Tax Return in Custer County, CO Over the Last 10 Years
Over the past decade in Custer County, Colorado, the average total tax liability per tax return has exhibited notable fluctuations. Starting at $8,349.65 in 2012, there was a peak in 2013 at $13,277.62, followed by a dip and subsequent rise. Most strikingly, the tax liability surged to $14,897.66 in 2021. This trend indicates a variable yet upward trajectory, suggesting an evolving economic landscape that stakeholders should keep in mind when making financial decisions related to investment or residency in the area.
Cost of Living in Custer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,291 | $1,448 | $2,013 | $1,702 | $1,556 |
| 1 adult 4 children | $1,291 | $1,182 | $1,559 | $1,702 | $1,704 |
| 2 adults 3 children | $1,291 | $1,183 | $1,737 | $1,702 | $1,297 |
| 1 adult 3 children | $1,291 | $966 | $1,283 | $1,702 | $1,429 |
| 2 adults 2 children | $987 | $968 | $1,461 | $1,493 | $1,035 |
| 1 adult 2 children | $987 | $723 | $1,007 | $1,493 | $1,064 |
| 2 adults 1 child | $987 | $765 | $1,185 | $813 | $904 |
| 1 adult 1 child | $987 | $494 | $731 | $813 | $756 |
| 2 adults | $750 | $615 | $909 | $0 | $644 |
| 1 adult | $745 | $335 | $455 | $0 | $570 |
Safety trends & Data
Property Crime Trends in Custer County, CO Over the Last 5 Years
Over the last five years, Custer County, Colorado has experienced varied trends in property crimes. A noticeable uptick in larceny-theft was seen in 2019 with 10 incidents, but then sharply declined to just 1 in 2021. Motor vehicle theft and vandalism cases spiked in 2019 and 2021, respectively, but eventually tapered off by 2022. Meanwhile, burglary rates surged in 2020, reaching a high of 9 incidents, before becoming less frequent. These fluctuations in property crime statistics provide critical insights for potential investors, realtors, and residents assessing the safety and economic stability of the area.
Demographics
Custer County, Colorado shows a slightly larger female adult population compared to males. Educational attainment reveals a trend towards higher education, with a notable portion having some college experience or holding bachelor’s and graduate degrees. The age distribution is skewed towards older adults, particularly those between 55 to 74 years, indicating a more mature population base. Racially, the county is predominantly White, with very small representations from other... Read more
Race Distribution in Custer County, Colorado (2022)
Educational Attainment in Custer County, Colorado (2022)
Age Distribution in Custer County, Colorado
Citizen Population in Custer County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Custer County, Colorado's 2020 presidential election results suggest a strong leaning towards the Republican party, with nearly 68% of the vote. The Democratic party, trailing significantly, garnered around 31%. Minor party support was considerably lower, with Libertarians and other parties barely making a visible impact.
68.06% of voters voted for the Republican party in the 2020 Presidential Election
30.59% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Custer County, Colorado over the last 10 years
Over the past decade, Custer County, Colorado has seen fluctuations in its student-to-teacher ratio, peaking at 15 in 2019 and dropping to as low as 12 in multiple years including 2023. Historically, these numbers have consistently hovered around or slightly below the national average of 14 students per teacher, reflecting the county's commitment to maintaining smaller class sizes. This trend may suggest a focus on quality education and could imply a conducive learning environment, appealing to families considering relocation. For investors, real estate agents, and developers, lower student-to-teacher ratios might be an attractive factor, indicating a stable and potentially growing community with a serious commitment to education.
