Hinsdale County Market Trends
Median Value of Occupied Housing Units in Hinsdale County, Colorado Over the Last 8 Years
Home values in Hinsdale County, Colorado have fluctuated over the past eight years, with a noticeable dip in 2020 before recovering by 2022. The median value reached $369,200 in 2022, significantly higher than the national median of $179,400. Compared to the state average of $465,900, Hinsdale’s market appears less heated but still substantial. For investors and potential homeowners, this area could offer a moderate yet promising growth opportunity, positioned attractively between the broader state and national markets.
Average Real Estate Taxes Per Tax Return in Hinsdale County, CO Over the Last 10 Years
Hinsdale County, Colorado has seen fluctuations in average real estate taxes per tax return over the past decade. Taxes spiked notably in 2016 with average payments reaching $2854.55, then stabilized around $2860.00 for the next two years before seeing a drop to $2233.33 in 2020. Most recently, the average settled back around $2550.00 in 2021. These trends could signal varying local funding requirements or shifts in property valuations, which may interest those considering real estate investments or relocations in this scenic mountainous region.
Number of Mortgages by Occupancy Type in Hinsdale County, CO Over the Last 5 Years in Hinsdale County
Recent data on Hinsdale County, Colorado, shows a notable shift in the type of mortgages over the past five years. While investment property mortgages peaked in 2018, there has been a significant decline, dropping to just 4 mortgages by 2022. Conversely, principal residence mortgages saw a dramatic increase from 32 in 2018 to a high of 82 in 2020, reflecting possibly heightened demand for permanent homes. Second residence mortgages have also fluctuated, with a marked rise in 2021 to 57, highlighting a growing interest in vacation homes. These trends are essential for investors, potential movers, appraisers, and real estate professionals as they indicate changing preferences that can affect property values, insurance rates, and development opportunities. Understanding whether a region is trending toward more investment properties, principal residences, or second homes can provide insights into the area's economic stability and future growth potential.
Economic Outlook
Average Taxable Income per Tax Return in Hinsdale County, CO over the last 9 years
Hinsdale County, CO has seen a steady increase in average taxable income per tax return over the past nine years, peaking at $81,328.95 in 2021. Despite a few fluctuations, the general upward trend suggests growing affluence and economic stability. This consistent rise in income levels could indicate opportunities for investors and developers, making Hinsdale County an attractive location for new ventures and real estate developments.
Average State and Local Income Taxes Per Tax Return in Hinsdale County, CO Over the Last 9 Years
In Hinsdale County, CO, state and local income taxes per tax return have shown significant fluctuations over the last nine years, with notable increases in certain periods. The average tax amount climbed from $4,588.89 in 2012 to a peak of $6,650.00 in 2019, highlighting a trend of rising tax burdens. This variation is critical for prospective residents and current inhabitants as it underscores the evolving fiscal landscape and its potential impact on household budgets.
Average Total Tax Liability Per Tax Return in Hinsdale County, CO Over the Last 10 Years
Hinsdale County, Colorado has seen fluctuations in average total tax liability per tax return over the past decade, with notable peaks in 2013 ($10,970.00) and 2021 ($11,606.45), indicating a potential increase in both income levels and economic activity. Despite dips in years like 2016 ($8,293.55), the general upward trend may signal growing opportunities and a strengthening local economy, making it an attractive prospect for investors and new residents. These variations also reflect the broader economic shifts and can serve as indicators for future financial planning and property investment.
Cost of Living in Hinsdale County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,274 | $1,617 | $2,015 | $2,012 | $1,805 |
| 1 adult 4 children | $1,274 | $1,320 | $1,560 | $2,012 | $1,936 |
| 2 adults 3 children | $1,274 | $1,321 | $1,738 | $2,012 | $1,514 |
| 1 adult 3 children | $1,274 | $1,078 | $1,283 | $2,012 | $1,666 |
| 2 adults 2 children | $974 | $1,081 | $1,462 | $1,762 | $1,212 |
| 1 adult 2 children | $974 | $808 | $1,007 | $1,762 | $1,263 |
| 2 adults 1 child | $974 | $854 | $1,186 | $947 | $999 |
| 1 adult 1 child | $974 | $552 | $731 | $947 | $887 |
| 2 adults | $862 | $686 | $910 | $0 | $758 |
| 1 adult | $800 | $374 | $455 | $0 | $633 |
Safety trends & Data
Property Crime Trends in Hinsdale County, CO Over the Last 2 Years
Hinsdale County, Colorado has exhibited minimal fluctuations in property crime over the past few years, with noticeable instances being a single fraud case in 2018 and one vandalism incident in 2022. This data could imply a relatively low crime rate in this largely rural area, which might be appealing for potential property investors, new residents, and real estate professionals. Moreover, low crime rates could potentially influence favorable insurance premiums and property values, adding another layer of attractiveness for stakeholders in the real estate market.
Demographics
Hinsdale County, Colorado shows a relatively balanced gender distribution with a slight female majority. The population skews older, with a significant portion aged 55 and above. Education levels are varied, though there is a notable prevalence of some college education or higher, hinting at a relatively educated community. The racial makeup is predominantly White, with minimal representation from other racial groups, which could imply limited racial diversity in the... Read more
Race Distribution in Hinsdale County, Colorado (2022)
Educational Attainment in Hinsdale County, Colorado (2022)
Age Distribution in Hinsdale County, Colorado
Citizen Population in Hinsdale County, Colorado (2022)
School Data
Student-to-teacher ratio in Hinsdale County, Colorado over the last 10 years
Hinsdale County, Colorado has consistently maintained a significantly lower student-to-teacher ratio compared to the national average of approximately fourteen students per teacher. Over the last decade, ratios have ranged between six and ten students per teacher, highlighting a substantial difference. For those eyeing investment opportunities, lower student-to-teacher ratios could indicate a high quality of education, potentially making the area more attractive for families. This trend can also influence real estate values positively, as well-educated communities often command higher property prices. For appraisers and insurance agents, understanding this dynamic is crucial as it affects property valuation and risks associated with the area's desirability.
