Garfield County Market Trends
Median Value of Occupied Housing Units in Garfield County, Colorado Over the Last 8 Years
Median home values in Garfield County, Colorado, have seen a substantial uptick over the last eight years, culminating in a 2022 peak of $449,300 from $287,500 in 2015. This increase outpaces both state and national trends, with Colorado's median home value climbing from $247,800 to $465,900, and the national median growing more modestly from $125,500 to $179,400. This relative acceleration in Garfield County could indicate a stronger demand for housing or more rapid economic growth in the area, making it a potentially lucrative spot for real estate investors, home developers, or new residents eyeing significant appreciation in property value.
Residential Energy Tax Credit Per Tax Return in Garfield County, CO Over the Last 9 Years
Over the past nine years, Garfield County, Colorado has seen a dramatic increase in the average residential energy tax credit per tax return. From a modest $638.46 in 2013, credits surged to $1,428.57 in 2017 and peaked at a remarkable $4,208.33 in 2018. Even though there was a slight dip in subsequent years, the average credit in 2021 was still a substantial $3,085.42. This substantial increase underscores a significant investment in energy-efficient home improvements, making Garfield County an increasingly attractive location for those focused on sustainability and long-term savings.
Average Real Estate Taxes Per Tax Return in Garfield County, CO Over the Last 10 Years
Garfield County, Colorado has experienced a noticeable upward trend in real estate taxes per tax return over the past decade, with figures rising from $2,185.70 in 2012 to $4,179.47 in 2021. This sharp increase may reflect various factors including rising property values, changes in tax rates, and increased local government funding needs. For potential investors or those considering moving to the area, these escalating taxes could signify both a burgeoning real estate market and higher ongoing property-related expenses.
Percentage of Farm Returns in Garfield County, CO Over the Last 10 Years
The percentage of farm tax returns in Garfield County, Colorado has seen a gradual decline over the past decade. From 1.93% in 2012 dropping to an approximate 1.45% by 2021, this trend might indicate shifting economic priorities or demographic changes within the county. For investors, this decline could signify a move away from agricultural activities, potentially impacting land use and real estate value. Farm tax returns generally reflect the portion of income farmers report from agricultural operations, which is a key indicator of local agricultural economy health. Considering this information may help potential investors or residents assess economic opportunities and understand the evolving landscape in Garfield County.
Number of Mortgages by Occupancy Type in Garfield County, CO Over the Last 5 Years in Garfield County
Garfield County, Colorado has seen noticeable shifts in mortgage counts by occupancy type over the past five years, with Principal Residence mortgages significantly outpacing Investment and Second Residence types. This trend is crucial for investors and real estate professionals because it indicates where the majority of housing demand is concentrated. A high number of Principal Residence mortgages typically suggests a stable, family-oriented community, potentially offering steady appreciation for long-term investments. Meanwhile, fluctuations in Investment Property and Second Residence mortgages could signal emerging opportunities or risks for those considering short-term rentals or vacation homes. This data is invaluable for appraisers and insurance agents who need to assess market conditions and potential risks accurately.
Economic Outlook
Average Taxable Income per Tax Return in Garfield County, CO over the last 9 years
Over the past nine years, Garfield County, CO, has experienced a steady increase in average taxable income per tax return, reaching a peak of $97,204.93 in 2021. This upward trend underscores strong economic growth and potentially attractive returns for investors. The consistent rise, particularly from 2017 onward, indicates a robust financial environment, bolstering the county's appeal for newcomers and businesses considering relocation or expansion.
Average State and Local Income Taxes Per Tax Return in Garfield County, CO Over the Last 10 Years
In Garfield County, CO, average state and local income taxes per tax return have seen notable fluctuations over the last decade, spiking dramatically in recent years. In 2012, the average tax was $6,312.02, but by 2021, it had risen sharply to $16,014.18. Significant increases were particularly evident from 2018 onwards, indicating a rising tax burden that could impact the cost of living and financial planning for both prospective and current residents.
Average Total Tax Liability Per Tax Return in Garfield County, CO Over the Last 10 Years
Garfield County, Colorado has seen a fluctuating yet generally climbing trend in average total tax liabilities per tax return over the last decade. Starting at $11,482.16 in 2012, the values peaked dramatically to $17,778.76 by 2021. Notable spikes include 2014 and 2021, reflecting economic expansions or specific local developments. For investors, residents, and property builders, these financial shifts indicate both growth potential and increasing fiscal responsibilities, central to future planning.
Cost of Living in Garfield County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children |
$1,861 | $1,524 | $2,015 | $2,012 | $1,955 |
1 adult 4 children |
$1,861 | $1,245 | $1,560 | $2,012 | $2,073 |
2 adults 3 children |
$1,861 | $1,245 | $1,738 | $2,012 | $1,659 |
1 adult 3 children |
$1,861 | $1,017 | $1,283 | $2,012 | $1,812 |
2 adults 2 children |
$1,357 | $1,019 | $1,462 | $1,762 | $1,259 |
1 adult 2 children |
$1,357 | $761 | $1,007 | $1,762 | $1,328 |
2 adults 1 child |
$1,357 | $806 | $1,186 | $947 | $1,044 |
1 adult 1 child |
$1,357 | $520 | $731 | $947 | $973 |
2 adults |
$1,101 | $647 | $910 | $0 | $771 |
1 adult |
$1,094 | $353 | $455 | $0 | $689 |
Safety trends & Data
Property Crime Trends in Garfield County, CO Over the Last 5 Years
Garfield County, Colorado, has experienced fluctuating trends in property crimes over the past five years. Larceny-theft incidents peaked in 2019 with 241 cases but have since seen a relative decline, with 150 cases reported in 2022. Meanwhile, burglary rates have remained surprisingly consistent, averaging around 26 cases annually. Vandalism has also seen a notable variation, peaking at 80 cases in 2019 but decreasing to 56 cases by 2022. Interestingly, fraud and motor vehicle theft appear to have varied less dramatically, indicating some stability in these areas. These trends could inform potential investors, real estate agents, and residents about the changing risks and security considerations in this region.
Demographics
Garfield County, Colorado presents a noticeable gender balance, with the male population slightly surpassing the female population. The educational landscape shows a significant portion of the population holding at least a high school diploma, and a fair number pursuing higher education, although less so at the graduate level. The age distribution indicates a relatively youthful demographic, yet with a proportion of residents in older age brackets, hinting at varying community needs. The racial... Read more
Race Distribution in Garfield County, Colorado (2022)
Educational Attainment in Garfield County, Colorado (2022)
Age Distribution in Garfield County, Colorado
Citizen Population in Garfield County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Garfield County, Colorado, the 2020 U.S. Presidential Election showed a marginal lead for the Democrats with roughly 49.9% of the vote, while Republicans followed closely with about 47.6%. Minor party candidates made up a small fraction of the vote, with Libertarians at around 1.4%, Greens at approximately 0.3%, and others combining for just under 0.8%. This distribution suggests a competitive political landscape with a slight Democratic edge.
47.62% of voters voted for the Republican party in the 2020 Presidential Election
49.92% of voters voted for the Democrat party in the 2020 Presidential Election
1.37% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.77% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Garfield County, Colorado over the last 10 years
Over the past ten years, Garfield County, Colorado has generally maintained a student-to-teacher ratio slightly above the national average of 14 students per teacher. Notable fluctuations occurred, with a peak of 16.87 in 2020 and a dip to 15.54 in 2023. For those considering investing or moving to the area, these ratios suggest a stable yet slightly more crowded educational environment compared to the national standard. Real estate agents and developers might highlight the consistency in educational metrics, while those in the insurance and appraisal industries may find the ratios useful for assessing community investment in education.