El Paso County Market Trends
Median Value of Occupied Housing Units in El Paso County, Colorado Over the Last 8 Years
El Paso County, Colorado has seen a consistent rise in median home values over the past eight years, jumping from $218,300 in 2015 to $390,500 in 2022. This upward trend outpaces both state and national figures, with Colorado increasing from $247,800 to $465,900 and the national average from $125,500 to $179,400 during the same period. This growth suggests strong demand and a potentially lucrative market for investors. Current residents or those considering moving to El Paso County might take this data as an indication of the area's increasing desirability and economic stability.
Residential Energy Tax Credit Per Tax Return in El Paso County, CO Over the Last 9 Years
El Paso County, Colorado has seen a significant increase in residential energy tax credits per tax return over the past nine years, peaking notably in 2018 at $4325.77. This trend suggests a growing emphasis on energy-efficient home improvements, making it a potentially attractive market for renewable energy investments and eco-friendly construction. The consistent rise reflects both increased homeowner investment in green technologies and potentially favorable local policies encouraging such upgrades. If you're considering moving to or investing in El Paso County, the progressive stance on energy efficiency is an appealing factor for sustainable living and development.
Average Real Estate Taxes Per Tax Return in El Paso County, CO Over the Last 10 Years
Over the past decade, El Paso County in Colorado has seen a significant upward trend in average real estate taxes per tax return, increasing from around $1,802.02 in 2012 to approximately $3,279.32 in 2021. This sharp rise, particularly notable from 2017 onwards, implies that property values and perhaps local tax rates may have steadily climbed, which could be a double-edged sword for potential investors. While it suggests a robust and growing real estate market, it also indicates higher costs of owning property. This sustained increase in property taxes potentially impacts decision-making for those considering investments, relocations, or new developments in the area.
Percentage of Farm Returns in El Paso County, CO Over the Last 10 Years
The percentage of farm tax returns in El Paso County, Colorado has been steadily decreasing over the past decade, dropping from approximately 0.43% in 2012 to about 0.28% in 2021. Farm tax returns, typically indicating the number of farm operations filing taxes, can serve as an indicator of agricultural activity and economic conditions in the area. For potential investors or developers, this decline might suggest a shift away from agricultural businesses, potentially opening up opportunities for alternative land uses or development projects. This may be relevant for those considering moving to or investing in El Paso County, as it could impact property values and land availability.
Number of Mortgages by Occupancy Type in El Paso County, CO Over the Last 5 Years in El Paso County
In El Paso County, Colorado, the majority of mortgages over the past five years have consistently been for principal residences, reflecting a steady demand for primary homes. Investment properties saw a notable surge in 2021, doubling from previous years, which might hint at increased investor interest or favorable market conditions during that period. On the other hand, second residences have maintained relatively low and stable numbers, suggesting limited interest in vacation or second homes. These shifts are crucial for potential investors, real estate agents, and appraisers as they indicate evolving buyer preferences, potentially affecting property values and risk assessments. Such trends also offer insights for builders and insurance agents regarding consumer demand and risk exposure in the area.
Economic Outlook
Average Taxable Income per Tax Return in El Paso County, CO over the last 9 years
El Paso County, CO has experienced a notable upward trend in average taxable income per tax return over the past nine years, with figures rising from $57,539.40 in 2013 to $82,474.67 in 2021. This consistent increase signals a robust local economy, reflecting higher earning potential and possibly improved job opportunities. For investors, property developers, and prospective residents, this growth underscores the county's potential as a lucrative and thriving area to consider.
Average State and Local Income Taxes Per Tax Return in El Paso County, CO Over the Last 10 Years
El Paso County, CO has seen a significant rise in average state and local income taxes per tax return over the last decade, with amounts nearly doubling from $4,449.23 in 2012 to $10,155.64 in 2021. This sharp increase, particularly notable between 2017 and 2018, reflects changing economic conditions and policy adjustments that potential residents should consider. The escalating tax burden highlights the importance of financial planning for those moving to or currently residing in the area.
Average Total Tax Liability Per Tax Return in El Paso County, CO Over the Last 10 Years
El Paso County, Colorado has witnessed a consistent increase in the average total tax liability per tax return over the past decade. From $8,911.26 in 2012 to $13,044.35 in 2021, the upward trend showcases a robust economic climate with rising incomes. This growth in tax liability suggests that residents are likely earning more, making the county attractive for investors and those considering relocating for new opportunities. Furthermore, the data indicates potential for strong property values, benefiting both real estate development and housing markets.
Cost of Living in El Paso County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,109 | $1,548 | $1,674 | $2,769 | $2,182 |
| 1 adult 4 children | $2,109 | $1,264 | $1,292 | $2,769 | $2,308 |
| 2 adults 3 children | $2,109 | $1,265 | $1,446 | $2,769 | $1,906 |
| 1 adult 3 children | $2,109 | $1,033 | $1,064 | $2,769 | $2,094 |
| 2 adults 2 children | $1,484 | $1,035 | $1,219 | $2,411 | $1,406 |
| 1 adult 2 children | $1,484 | $773 | $837 | $2,411 | $1,520 |
| 2 adults 1 child | $1,484 | $818 | $991 | $1,250 | $1,075 |
| 1 adult 1 child | $1,484 | $529 | $609 | $1,250 | $1,037 |
| 2 adults | $1,183 | $657 | $764 | $0 | $723 |
| 1 adult | $1,020 | $359 | $382 | $0 | $608 |
Safety trends & Data
Property Crime Trends in El Paso County, CO Over the Last 5 Years
El Paso County, Colorado witnessed significant fluctuations in property crime over the past five years. Larceny-theft consistently remained the most prevalent crime, peaking in 2019 with 3,157 incidents but showing a downward trend to 1,455 by 2022. Motor vehicle thefts experienced a sharp increase, particularly spiking to 650 in 2019 before stabilizing at lower levels. Burglary and vandalism followed similar trends with notable peaks and valleys, indicating potential shifts in criminal activity or law enforcement strategies. These trends offer a nuanced view for investors, homeowners, and real estate professionals, highlighting both risks and their evolving nature in this locale.
Demographics
El Paso County, Colorado's adult population tilts slightly male, contributing to a diverse age distribution with noteworthy numbers across all age brackets, not dominated by any single group. Educational attainment shows a compellingly high percentage with at least some college experience or higher, suggesting a skilled labor force. The racial composition is predominantly White, yet there is a spectrum of other racial groups adding to the community's diversity. This varied demographic landscape... Read more
Race Distribution in El Paso County, Colorado (2022)
Educational Attainment in El Paso County, Colorado (2022)
Age Distribution in El Paso County, Colorado
Citizen Population in El Paso County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
El Paso County, Colorado, appears to have leaned moderately Republican in the 2020 U.S. Presidential Election, with Republican votes possibly around 53.5% and Democratic votes roughly 42.7%. Libertarian and Green Party candidates seem to have received minimal support, potentially around 2.4% and 0.3%, respectively, while other parties combined might account for close to 1%. This voter distribution could suggest a relatively clear but not overwhelming Republican preference, with a minor yet notable presence of third-party interests.
53.54% of voters voted for the Republican party in the 2020 Presidential Election
42.75% of voters voted for the Democrat party in the 2020 Presidential Election
2.45% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.97% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in El Paso County, Colorado over the last 10 years
The student-to-teacher ratio in El Paso County, Colorado has fluctuated over the past decade, ranging from nearly 17 students per teacher to a peak of just over 18 in 2020 before falling to about 16 this year. This ratio has largely remained above the national average of 14 students per teacher, which might indicate either larger class sizes or possibly resource constraints. For families considering a move, these ratios could suggest a more crowded classroom environment, potentially affecting individual attention for students. Real estate agents and investors could see this as a factor in property appeal, while appraisers and insurance agents might note the trend as part of the broader community profile. Those planning to build properties should consider how these figures reflect the demand for educational facilities and public resources.
