Fremont County Market Trends
Median Value of Occupied Housing Units in Fremont County, Colorado Over the Last 8 Years
Over the past 8 years, median home values in Fremont County, Colorado have seen a significant surge from $158,500 in 2015 to $264,300 in 2022. This upward trend contrasts with the national median value, which increased from $125,500 to $179,400 in the same period, and even more sharply diverges from Colorado's statewide median that soared from $247,800 to $465,900. These figures suggest Fremont County could present a relatively affordable alternative within Colorado's competitive housing market, yet still display strong growth potential that might attract investors and homebuyers looking for value and long-term appreciation.
Residential Energy Tax Credit Per Tax Return in Fremont County, CO Over the Last 9 Years
Over the last nine years, the average residential energy tax credit per tax return in Fremont County, Colorado has seen significant growth, peaking at $4,105.56 in 2018 before stabilizing in the $2,800 to $3,200 range from 2019 to 2021. This trend highlights a strong incentive for both homeowners and property investors to consider energy-efficient upgrades, potentially enhancing property values and reducing energy costs. The marked increase from 2013's $417.14 to 2021's $3,167.14 underscores how valuable these credits have become, reflecting broader state and federal pushes for sustainability.
Average Real Estate Taxes Per Tax Return in Fremont County, CO Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Fremont County, Colorado, have generally trended upward, with significant increases particularly evident from 2017 onward. In 2012, the average tax return reflected $1,292.19, while by 2021, this figure surged to $2,329.58. Such a rise might indicate a combination of property value growth and potential reassessments, suggesting an evolving real estate market in the county. This trend could be a consideration for investors and potential homeowners evaluating long-term financial commitments in this region.
Percentage of Farm Returns in Fremont County, CO Over the Last 10 Years
Fremont County, Colorado has seen a slight but consistent decline in the percentage of farm returns over the last decade, moving from approximately 3.83% in 2012 to around 2.59% in 2021. Farm tax returns represent the filed taxes by farm operators, indicating the presence and economic activity of farms in the area. This downward trend may suggest a shift in the local economy or land use, perhaps favoring other types of development or business over traditional farming. For investors or potential residents, this could imply a changing landscape in terms of land value, potential for agricultural investment, and overall economic health of the rural sector in Fremont County.
Number of Mortgages by Occupancy Type in Fremont County, CO Over the Last 5 Years in Fremont County
The trends in Fremont County, Colorado indicate that principal residences dominate the mortgage market, with significant growth from 2018 to 2021, peaking at 4,466 properties in 2021, before a drop to 2,767 in 2022. Investment properties and second residences have seen more modest fluctuations, with investment property mortgages peaking at 169 in 2021 and second residences reaching their highest at 161 the same year. Such changes in occupancy type can influence property values, insurance rates, and investment strategies. Investors often assess the stability and risk based on occupancy trends, while higher numbers of principal residences might indicate growth in permanent residents, enhancing community development and infrastructure investment opportunities. Real estate agents and insurance agents alike might adjust their services and marketing strategies in response to these shifts, impacting localized economic and housing market dynamics.
Economic Outlook
Average Taxable Income per Tax Return in Fremont County, CO over the last 9 years
Over the past nine years, Fremont County, CO, has seen a steady increase in average taxable income per tax return, rising from $45,950.38 in 2013 to $61,755.75 in 2021. Notably, there's a significant jump post-2017, indicating a potentially attractive economic growth period. Such trends could suggest a favorable environment for investment, appealing to those looking to move or develop property in Fremont County due to growing prosperity and robust economic conditions.
Average State and Local Income Taxes Per Tax Return in Fremont County, CO Over the Last 10 Years
Over the past decade, Fremont County, CO has experienced a significant rise in average state and local income taxes per tax return, nearly doubling from $3331.27 in 2012 to $7574.65 in 2021. Key spikes occurred in 2018 and 2019, marking increases to $5940.00 and $7053.25 respectively, indicating rising fiscal demands on residents. This trend is essential for potential movers and current residents to consider, as escalating tax liabilities could impact disposable income and overall cost of living in the county.
Average Total Tax Liability Per Tax Return in Fremont County, CO Over the Last 10 Years
Over the past decade, average tax liabilities per tax return in Fremont County, Colorado have shown a notable upward trend. Starting at $6,103.64 in 2012, tax liabilities increased to $8,557.17 by 2021. This consistent rise reflects broader economic growth and higher income levels, making Fremont County increasingly appealing to investors and developers. This trend suggests strong economic health and could indicate a steady increase in demand for housing and services.
Cost of Living in Fremont County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,492 | $1,448 | $2,013 | $1,702 | $1,547 |
| 1 adult 4 children | $1,492 | $1,182 | $1,559 | $1,702 | $1,691 |
| 2 adults 3 children | $1,492 | $1,183 | $1,737 | $1,702 | $1,294 |
| 1 adult 3 children | $1,492 | $966 | $1,283 | $1,702 | $1,424 |
| 2 adults 2 children | $1,050 | $968 | $1,461 | $1,493 | $989 |
| 1 adult 2 children | $1,050 | $723 | $1,007 | $1,493 | $997 |
| 2 adults 1 child | $1,050 | $765 | $1,185 | $813 | $865 |
| 1 adult 1 child | $1,050 | $494 | $731 | $813 | $722 |
| 2 adults | $798 | $615 | $909 | $0 | $610 |
| 1 adult | $792 | $335 | $455 | $0 | $546 |
Safety trends & Data
Property Crime Trends in Fremont County, CO Over the Last 5 Years
Fremont County, Colorado has experienced notable fluctuations in property crime over the past five years. A marked spike in burglary and larceny-theft was evident in 2020, with burglary arrests jumping to 81.0 and larceny-theft peaking at 253.0 incidents, signaling potential hotspots for these activities. Vandalism remains persistently high, with a trend showing minor increases year over year, peaking at 46.0 incidents in 2022. Arson incidents appeared relatively low but doubled from 2.0 in 2018 to 5.0 in 2022. For real estate investors and insurance agents, this data suggests varying risk factors across different crime types, underscoring the importance of area-specific strategies for mitigation and investment.
Demographics
Fremont County, Colorado, exhibits a demographic composition that includes a predominance of the White population, with smaller representations of Black or African American, American Indian and Alaska Native, Asian, and other races. The adult population skews male, with a notable difference between the number of males and females. Educational attainment is diverse, although a significant portion of the population has attained a high school diploma or some college education without earning a... Read more
Race Distribution in Fremont County, Colorado (2022)
Educational Attainment in Fremont County, Colorado (2022)
Age Distribution in Fremont County, Colorado
Citizen Population in Fremont County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fremont County, Colorado showed a strong leaning towards the Republican party in the 2020 presidential election, with an approximate 68.5% of the vote. The Democratic party captured roughly 28.8%, while smaller parties like Libertarian and Green secured significantly fewer votes, at about 1.5% and 0.2% respectively. This distribution highlights a substantial preference for conservative candidates in this region, suggesting a predominantly right-leaning voter base.
68.54% of voters voted for the Republican party in the 2020 Presidential Election
28.83% of voters voted for the Democrat party in the 2020 Presidential Election
1.55% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.84% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Fremont County, Colorado over the last 10 years
Fremont County, Colorado has seen fluctuating student-to-teacher ratios over the past decade, peaking at 21 students per teacher in 2015 and dropping to a low of 14 in 2021. Interestingly, the county's most recent ratios hover slightly above the national average of 14 students per teacher, with numbers around 15 in recent years. For investors, real estate agents, and builders, these shifts might signal changing demands for educational infrastructure and potential impacts on community growth. For those considering a move, a potentially lower student-to-teacher ratio could indicate more individualized attention in schools, an important factor for families. Appraisers and insurance agents might also find this data useful when evaluating property values and insurance risks related to educational quality.
