Dolores County Market Trends
Median Value of Occupied Housing Units in Dolores County, Colorado Over the Last 8 Years
Over the last eight years, median home values in Dolores County, Colorado had fluctuations, starting at $119,100 in 2015 and dipping to $115,900 multiple times before surging to $208,000 in 2022. In contrast, state-level figures for Colorado consistently rose from $247,800 in 2015 to $465,900 in 2022. Nationally, the upward trend is evident as well, with values progressing from $125,500 in 2015 to $179,400 in 2022. This sharp increase in Dolores County, particularly in the last three years, might appeal to investors eyeing opportunities for growth, especially when compared to the more stable but steadily climbing figures at the state and national levels.
Average Real Estate Taxes Per Tax Return in Dolores County, CO Over the Last 7 Years
Over the last seven years, average real estate taxes per tax return in Dolores County, Colorado have seen some fluctuations, ranging from a low of $850.00 in 2021 to a peak of $1,300.00 in 2015. The variations suggest potential changes in property values, tax rates, or assessment practices. These trends could be crucial for those interested in the economic landscape of the area, providing insights into the potential financial commitments for property investments.
Percentage of Farm Returns in Dolores County, CO Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Dolores County, Colorado has shown a general decline, starting at around 19% in 2012 and dropping to around 12.78% by 2021. Farm returns, which are essentially tax filings related to agricultural income, can be a strong indicator of the economic health and activity in the farming sector. This trend may hint at a decreasing reliance on or profitability of agricultural operations in the area, something investors, potential residents, and property developers might want to consider when making decisions.
Number of Mortgages by Occupancy Type in Dolores County, CO Over the Last 5 Years in Dolores County
The sharp rise in the number of mortgages for principal residences in Dolores County, Colorado, suggests a growing demand for primary housing over the past five years. While investment properties remain relatively low and stable, a consistent but smaller interest in second residences can be observed. This shift in occupancy types impacts market dynamics, with potential implications for property valuations, demand for essential services, and insurance risk assessments. Investors and real estate agents might view the trend as indicating robust local demand for primary homes, potentially driving up prices. Conversely, builders and appraisers should note these trends to align their strategies with the prevailing market needs.
Economic Outlook
Average Taxable Income per Tax Return in Dolores County, CO over the last 9 years
Over the past nine years, Dolores County, CO has seen a steady rise in the average taxable income per tax return, growing from $44,770.89 in 2013 to $54,801.05 in 2021. This trend indicates a positive economic growth trajectory, making the area increasingly attractive for investors, prospective residents, and developers looking to capitalize on a region with improving financial health.
Average State and Local Income Taxes Per Tax Return in Dolores County, CO Over the Last 6 Years
Over the past six years, state and local income taxes per tax return in Dolores County, CO, have fluctuated significantly, ranging from a high of $4,150.00 in 2013 to a low of $3,150.00 in 2017. This variability in income tax burdens reflects potential economic shifts and could impact budgeting decisions for current and prospective residents, highlighting the importance of staying informed about local tax trends.
Average Total Tax Liability Per Tax Return in Dolores County, CO Over the Last 10 Years
Dolores County, Colorado has seen fluctuating tax liabilities over the past decade. The lowest point was in 2018, with an average tax liability of $5527.12 per return, while a significant uptick occurred in 2021, reaching $6934.67. These shifts could suggest economic changes or variations in income levels. For investors, property developers, and potential residents, understanding these trends might provide a snapshot of the local economy's health and the evolving financial environment.
Cost of Living in Dolores County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,212 | $1,484 | $2,015 | $1,311 | $1,420 |
| 1 adult 4 children | $1,212 | $1,212 | $1,560 | $1,311 | $1,554 |
| 2 adults 3 children | $1,212 | $1,212 | $1,738 | $1,311 | $1,167 |
| 1 adult 3 children | $1,212 | $990 | $1,283 | $1,311 | $1,277 |
| 2 adults 2 children | $927 | $992 | $1,462 | $1,136 | $955 |
| 1 adult 2 children | $927 | $741 | $1,007 | $1,136 | $947 |
| 2 adults 1 child | $927 | $784 | $1,186 | $566 | $852 |
| 1 adult 1 child | $927 | $507 | $731 | $566 | $704 |
| 2 adults | $727 | $630 | $910 | $0 | $667 |
| 1 adult | $722 | $344 | $455 | $0 | $592 |
Safety trends & Data
Property Crime Trends in Dolores County, CO Over the Last 4 Years
Property crime trends in Dolores County, Colorado over the past four years indicate varying degrees of activity across different types of crimes. While incidents of arson and motor vehicle theft have fluctuated, burglaries have consistently been reported each year, though in small numbers. Notably, vandalism and motor vehicle thefts spiked in both 2020 and 2021, suggesting potential areas of concern for law enforcement and property owners. For those evaluating the area for investment or relocation, this data could imply a relatively manageable but present risk of property crime that might influence insurance rates, property development, and community safety initiatives.
Demographics
Dolores County, Colorado shows a slightly higher male population compared to female. Educational attainment indicates a significant portion of residents have completed high school, with a noticeable fraction possessing higher education degrees. Age distribution skews towards older adults, particularly those aged 55 and above. The racial composition is predominantly White, with smaller representations from American Indian and other races. These trends might suggest an aging, educated population... Read more
Race Distribution in Dolores County, Colorado (2022)
Educational Attainment in Dolores County, Colorado (2022)
Age Distribution in Dolores County, Colorado
Citizen Population in Dolores County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dolores County, Colorado, the 2020 U.S. Presidential Election showed a strong lean towards the Republican party, possibly reflecting the county's conservative stance. Democrats garnered roughly a quarter of the votes, indicating some level of bipartisan engagement. Minor parties such as the Libertarians and Greens, along with other alternatives, collectively made up a very small portion of the electorate, hinting at the limited influence of third parties in the region.
75.16% of voters voted for the Republican party in the 2020 Presidential Election
23.53% of voters voted for the Democrat party in the 2020 Presidential Election
0.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.07% of voters voted for the Green party in the 2020 Presidential Election
0.90% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Dolores County, Colorado over the last 10 years
In Dolores County, Colorado, the student-to-teacher ratio has fluctuated over the past decade, peaking at nearly 15 in 2019 before stabilizing around 12 more recently. These variations could impact educational investment, as lower ratios often suggest more personalized attention for students, a potential draw for families and a positive indicator for real estate agents. Appraisers might see value shifts in properties due to perceived educational quality. Insurance agents and developers may adjust their strategies based on the desirability of the area related to its educational standing. Comparing to the national average of 14 students per teacher, Dolores County generally offers a more favorable environment for individual student attention, which could influence decisions for new residents and investors.
