Huerfano County Market Trends
Median Value of Occupied Housing Units in Huerfano County, Colorado Over the Last 8 Years
Median home values in Huerfano County, Colorado, have seen an impressive uptick over the last eight years, especially when contrasted with the national average and state levels. Starting at $147,600 in 2015, prices dipped briefly but then surged to $231,200 by 2022, reflecting strong growth momentum in the local market. While Colorado's statewide median housing values soared from $247,800 to $465,900, Huerfano County's gains imply that it may still offer relatively affordable options with significant appreciation potential for those looking to invest or relocate. The national median value also increased steadily but settled lower at $179,400 in 2022, making Huerfano’s growth not just a local but an appealing broader-market story.
Residential Energy Tax Credit Per Tax Return in Huerfano County, CO Over the Last 8 Years
Huerfano County, Colorado has shown a significant upward trend in average residential energy tax credits per tax return over the past eight years. Starting at $350.00 in 2013, the average peaked at $2,033.33 in 2021, with notable increases particularly from 2019 onward. These trends indicate a growing investment in energy-efficient home improvements, making the county increasingly attractive for environmentally conscious residents and investors. The sharp rise in recent years suggests potential long-term benefits for property owners, including higher property values and lower energy costs.
Average Real Estate Taxes Per Tax Return in Huerfano County, CO Over the Last 10 Years
Huerfano County, Colorado has experienced a notable upward trend in average real estate taxes per tax return over the past decade, starting from approximately $1,418.52 in 2012 and climbing to around $2,750.00 by 2021. This significant increase could indicate rising property values and development in the area, making it a key consideration for investors, prospective residents, and property developers. While this suggests potential for growth and appreciation in property values, it may also result in higher costs for current and future property owners.
Percentage of Farm Returns in Huerfano County, CO Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Huerfano County, Colorado has shown some variability. Farm tax returns, which represent the financial submissions by agricultural businesses to report income, losses, and expenses, can be a key indicator of agricultural activity. In 2012, the percentage started at 6.23% and mildly increased to 6.72% by 2015. Following a dip in 2016 to 5.56%, the percentage fluctuated around 6.15% in 2017 before gradually declining to 5.14% in 2020. Most recently, the percentage saw a slight uptick to 5.50% in 2021. These trends may suggest underlying economic factors affecting the agricultural sector in the county, which could be crucial for potential investors, property developers, and residents with an interest in local agriculture.
Number of Mortgages by Occupancy Type in Huerfano County, CO Over the Last 5 Years in Huerfano County
In Huerfano County, Colorado, the principal residence mortgages have consistently dominated the market, peaking at 459 in 2020 and 2021 before falling slightly to 311 in 2022. Meanwhile, second residence mortgages saw a notable jump in 2021 with 115 but dropped to 50 in 2022. Investment property mortgages have shown minimal fluctuations, ranging between 12 and 22 annually over the past five years. These trends might indicate shifting residential dynamics, where the demand for primary homes remains substantial, while interest in second homes fluctuates, potentially driven by changing economic conditions. For investors and real estate agents, understanding these occupancy trends can guide strategic decisions in marketing, development, and property management. Appraisers and insurance agents may find these insights valuable for risk assessment and portfolio adjustments.
Economic Outlook
Average Taxable Income per Tax Return in Huerfano County, CO over the last 9 years
Over the last nine years, Huerfano County, CO has seen a steady increase in average taxable income per tax return, rising from $38,524.63 in 2013 to $57,134.49 in 2021. This upward trend indicates growing economic prosperity and potential for higher returns on investments in the area. The sharp rise in the most recent years might attract new residents and businesses, highlighting the county as an emerging hotspot for economic opportunity.
Average State and Local Income Taxes Per Tax Return in Huerfano County, CO Over the Last 10 Years
Over the last decade, Huerfano County, CO has seen a significant rise in average state and local income taxes per tax return, with amounts increasing from $3,453.66 in 2012 to $9,615.38 in 2021. Notably, there have been sharp surges particularly in recent years, underscoring a trend that potential movers and residents should be mindful of.
Average Total Tax Liability Per Tax Return in Huerfano County, CO Over the Last 10 Years
Over the past decade, Huerfano County, Colorado has seen a notable upward trajectory in average total tax liability per tax return, spiking from $5,412.71 in 2012 to $8,692.08 in 2021. This trend showcases a general increase in income or taxable events among residents, with dramatic jumps particularly in 2016, 2017, and 2021. Such data points may indicate growing economic activity and potentially rising property values, making it an attractive area for investment or property development.
Cost of Living in Huerfano County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,211 | $1,464 | $2,013 | $1,311 | $1,339 |
| 1 adult 4 children | $1,211 | $1,195 | $1,559 | $1,311 | $1,460 |
| 2 adults 3 children | $1,211 | $1,196 | $1,737 | $1,311 | $1,093 |
| 1 adult 3 children | $1,211 | $976 | $1,283 | $1,311 | $1,185 |
| 2 adults 2 children | $995 | $979 | $1,461 | $1,136 | $924 |
| 1 adult 2 children | $995 | $731 | $1,007 | $1,136 | $903 |
| 2 adults 1 child | $995 | $774 | $1,185 | $566 | $823 |
| 1 adult 1 child | $995 | $500 | $731 | $566 | $675 |
| 2 adults | $756 | $622 | $909 | $0 | $628 |
| 1 adult | $751 | $339 | $455 | $0 | $556 |
Safety trends & Data
Property Crime Trends in Huerfano County, CO Over the Last 5 Years
Huerfano County, Colorado has experienced fluctuating property crime rates over the past five years. The number of burglary incidents spiked in 2019 with 13 arrests, compared to just 2 in 2018 and 1 in 2022. Other property crimes like larceny-theft have remained relatively consistent but modest, with a slight uptick in arson incidents in 2020 at 4 arrests. These trends suggest a volatile yet generally low crime rate which might appeal to potential investors and residents looking for a comparatively safer community to invest in or move to. Real estate agents and insurance agents should take note of these fluctuations when advising clients and assessing risk.
Demographics
Huerfano County, Colorado, presents a predominantly older demographic with a significant chunk of its population aged 55 and above, hinting at a possibly aging community. It displays notable gender parity, with nearly equal male and female representation. Residents exhibit varied educational attainment, although high school completion appears to be the common educational milestone. The racial profile is overwhelmingly white, supplemented by small representations of other races, with negligible... Read more
Race Distribution in Huerfano County, Colorado (2022)
Educational Attainment in Huerfano County, Colorado (2022)
Age Distribution in Huerfano County, Colorado
Citizen Population in Huerfano County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Huerfano County, Colorado, saw a closely contested race in the 2020 U.S. Presidential Election, with Republicans slightly edging out Democrats, capturing an estimated 50% of the vote compared to the Democrats' 47%. Third-party candidates, including Libertarians and Greens, made up a minor but noteworthy part of the electorate, collectively accounting for under 3% of the total votes. Voter behavior in Huerfano County could imply a competitive political landscape, emphasizing the potential impact of even small shifts in voter preferences.
50.00% of voters voted for the Republican party in the 2020 Presidential Election
47.12% of voters voted for the Democrat party in the 2020 Presidential Election
1.61% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
1.00% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Huerfano County, Colorado over the last 10 years
Huerfano County, Colorado has seen its student-to-teacher ratio fluctuate notably over the past decade. From 11 students per teacher in 2014, the ratio peaked at 17 in 2020 and then dropped again to 12 in 2023. While the national average hovers around 14, these trends could influence investment and real estate decisions. Lower ratios typically suggest more personalized attention for students, making it a potential selling point for families considering relocation. Conversely, higher ratios might indicate larger class sizes, which could be a drawback. Understanding these shifts is crucial for appraisers and real estate agents as they assess property values and marketability in the area.
