Gunnison County Market Trends
Median Value of Occupied Housing Units in Gunnison County, Colorado Over the Last 8 Years
Gunnison County, Colorado has experienced a significant upward trend in median home values over the last 8 years, starting at $319,200 in 2015 and soaring to $530,300 in 2022. This contrasts with the national median, which rose from $125,500 to $179,400 over the same period. Compared to the state of Colorado, where median values increased from $247,800 to $465,900, Gunnison County has seen a sharper appreciation, signaling a highly attractive market for potential investors, builders, and those looking to move to or invest in Colorado’s real estate.
Residential Energy Tax Credit Per Tax Return in Gunnison County, CO Over the Last 8 Years
Gunnison County, Colorado has experienced significant fluctuations in the average residential energy tax credit per tax return over the past eight years. Noteworthy jumps include a peak in 2019 at $2,533.33 and again in 2021 at $2,736.36, highlighting a growing investment in energy-efficient home improvements. Investors and homeowners could find these trends indicative of local government support for sustainable living, making it an enticing prospect for those looking to develop eco-friendly properties or residences in the area.
Average Real Estate Taxes Per Tax Return in Gunnison County, CO Over the Last 10 Years
Gunnison County, Colorado, has seen a notable increase in average real estate taxes per tax return over the past decade. Starting at approximately $2,575.51 in 2012, the taxes have risen to around $5,063.01 by 2021. The steady climb, especially from 2016 onwards, hints at rising property values and potentially increased municipal funding requirements. This trend might be key for prospective investors or new residents aiming to understand local fiscal dynamics and plan their finances accordingly.
Percentage of Farm Returns in Gunnison County, CO Over the Last 10 Years
Over the past decade, Gunnison County, Colorado has seen a slight decline in the percentage of farm tax returns, dropping from approximately 1.63% in 2012 to around 1.18% in 2021. Farm tax returns typically indicate the volume of farming activity and economic contribution from agriculture in the region. This trend might suggest a shift in land use away from traditional farming, which could be useful for investors, potential property owners, and residents looking to understand the evolving economic landscape of the area. This shift could impact decisions on agricultural investments, residential developments, and economic opportunities within the county.
Number of Mortgages by Occupancy Type in Gunnison County, CO Over the Last 5 Years in Gunnison County
Gunnison County, Colorado, has seen notable fluctuations in mortgage counts across different occupancy types over the past five years. Principal residences consistently top the numbers, peaking at 1,652 in 2020, while investment properties and second residences saw smaller, though varied, figures with highs of 207 and 617, respectively, in recent years. These trends suggest local and economic factors might be driving variances in the real estate market. Changes in occupancy type matter because they reflect shifts in demand, which could impact property values, rental markets, and community demographics. For investors, high numbers in principal residences might indicate strong local stability, whereas spikes in investment properties and second residences could hint at short-term rental growth or speculative investments. Overall, understanding these shifts helps stakeholders make informed decisions about property developments, valuations, and risk assessments.
Economic Outlook
Average Taxable Income per Tax Return in Gunnison County, CO over the last 9 years
Gunnison County, CO has experienced a steady increase in average taxable income per tax return over the past nine years, with a significant jump to $106,207.98 in 2021. This upward trend signals robust economic growth, potentially attracting investors and new residents seeking a thriving community. The substantial income rise in recent years may also indicate favorable conditions for property development and business ventures.
Average State and Local Income Taxes Per Tax Return in Gunnison County, CO Over the Last 10 Years
Gunnison County, CO has seen a significant upward trend in average state and local income taxes per tax return over the last decade. Beginning at $5,273.96 in 2012, the average has skyrocketed to $15,775.68 by 2021. This sharp increase, particularly notable from 2018 onward, may indicate rising incomes or higher local tax rates, affecting both new residents considering the county and current inhabitants planning their financial futures.
Average Total Tax Liability Per Tax Return in Gunnison County, CO Over the Last 10 Years
Gunnison County, Colorado has seen a notable upward trend in average total tax liability per tax return over the past decade, rising from $8,736.49 in 2012 to $20,403.19 in 2021. This significant increase could signal economic growth and rising incomes, making it an appealing area for investment and property development. The steep incline in recent years highlights the county's transformation and the increasing financial responsibilities of its residents. Understanding this financial trend is crucial for making informed investment and relocation decisions in Gunnison County.
Cost of Living in Gunnison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,721 | $1,444 | $2,015 | $2,012 | $1,812 |
| 1 adult 4 children | $1,721 | $1,179 | $1,560 | $2,012 | $1,958 |
| 2 adults 3 children | $1,721 | $1,179 | $1,738 | $2,012 | $1,546 |
| 1 adult 3 children | $1,721 | $963 | $1,283 | $2,012 | $1,715 |
| 2 adults 2 children | $1,273 | $965 | $1,462 | $1,762 | $1,191 |
| 1 adult 2 children | $1,273 | $721 | $1,007 | $1,762 | $1,261 |
| 2 adults 1 child | $1,273 | $763 | $1,186 | $947 | $1,001 |
| 1 adult 1 child | $1,273 | $493 | $731 | $947 | $898 |
| 2 adults | $967 | $613 | $910 | $0 | $698 |
| 1 adult | $961 | $334 | $455 | $0 | $642 |
Safety trends & Data
Property Crime Trends in Gunnison County, CO Over the Last 5 Years
Gunnison County, Colorado has seen fluctuating property crime trends over the past five years, with notable variability in larceny-theft and fraud incidents. Larceny-theft hit a high of 28.0 cases in 2018, dipping to a low of 9.0 in 2020, and rising again to 20.0 in 2022. Fraud cases saw an erratic rise, peaking at 24.0 in 2020, indicating potential spikes in financial crime activities. Vandalism cases also showed inconsistency but generally trended downward from 26.0 in 2018 to 18.0 in 2022. These dynamics can impact property values, insurance costs, and investment decisions in the area, suggesting stakeholders should stay vigilant about year-to-year changes.
Demographics
Gunnison County, Colorado shows a slight male majority in its adult population. Educational attainment trends lean heavily towards higher education, with a significant number of residents holding bachelor’s and graduate degrees, hinting at a well-educated populace. The age distribution skews younger, particularly vibrant with individuals in their twenties, possibly indicating a thriving local college or young adult demographic. The racial composition is predominantly White, but there are... Read more
Race Distribution in Gunnison County, Colorado (2022)
Educational Attainment in Gunnison County, Colorado (2022)
Age Distribution in Gunnison County, Colorado
Citizen Population in Gunnison County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Gunnison County, Colorado, the 2020 U.S. Presidential Election results showed a significant lean towards the Democrat party, with potentially over 63% of the votes. The Republican party might have garnered around 33%, suggesting a noticeable but not dominant presence. Minor parties, including Libertarian and Green, as well as other affiliations, collectively appear to account for a small fraction of the vote, possibly highlighting the strong two-party preference in this region. This voting pattern could indicate a trend towards Democratic leaning in local political alignments.
33.38% of voters voted for the Republican party in the 2020 Presidential Election
63.74% of voters voted for the Democrat party in the 2020 Presidential Election
1.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
0.66% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Gunnison County, Colorado over the last 10 years
The student-to-teacher ratio in Gunnison County, Colorado has shown a significant increase over the past decade, peaking at 41 students per teacher in 2017 and staying substantially higher than the national average of 14 students per teacher. This trend might indicate potential challenges in providing personalized education and could influence decisions for families considering relocating, educators seeking employment, and real estate agents advising on community features. Such a high ratio could also impact property appraisals and insurance assessments, as education quality often correlates with neighborhood value.
