Jefferson County Market Trends
Median Value of Occupied Housing Units in Jefferson County, Colorado Over the Last 8 Years
Jefferson County, Colorado, has seen significant growth in median home values over the last eight years, rising from $279,500 in 2015 to $556,800 in 2022. This increase outpaces the overall state trend, with Colorado's median home values reaching $465,900 in 2022. Nationally, home values have grown at a slower rate, with a median of $179,400 in 2022. For potential investors or those looking to relocate, Jefferson County's rapid appreciation indicates a robust housing market with strong demand, potentially high returns, and a dynamic real estate environment.
Residential Energy Tax Credit Per Tax Return in Jefferson County, CO Over the Last 9 Years
Over the last nine years, Jefferson County, Colorado has seen significant fluctuations in residential energy tax credits per tax return, peaking dramatically in 2018 at $4,378.98. Notably, there's a general upward trend, signaling increasing investments in energy-efficient home improvements. This surge indicates growing homeowner interest in sustainability, making Jefferson County an attractive spot for green property investments and eco-conscious relocations. With average credits still hovering around $2,218.79 in 2021, this locale remains prime for those looking to benefit from substantial energy tax savings.
Average Real Estate Taxes Per Tax Return in Jefferson County, CO Over the Last 10 Years
In Jefferson County, Colorado, average real estate taxes have trended upwards over the last decade, signaling a growth in property values or tax rates. Starting at around $2,631.89 in 2012, the figure saw significant increases, reaching $4,362.28 by 2021. Notable jumps occurred post-2015, with 2018 marking a steep climb to $3,683.46. Investors and potential homeowners might interpret these rising taxes as corroborating the county's escalating property market dynamics.
Percentage of Farm Returns in Jefferson County, CO Over the Last 10 Years
Jefferson County, Colorado has exhibited a consistent decline in the percentage of farm tax returns over the past ten years, dropping from roughly 0.33% in 2012 to about 0.22% in 2021. This downward trend may hint at changing land-use patterns or a shift in economic activities, influencing decisions on property investments and development. Farm tax returns generally reflect income earned from agricultural activities and can serve as a barometer for the viability and growth of farming within an area. Potential investors and homeowners might consider these shifts when assessing the region's economic landscape and future growth opportunities.
Number of Mortgages by Occupancy Type in Jefferson County, CO Over the Last 5 Years in Jefferson County
Jefferson County, Colorado has shown notable fluctuations in mortgage counts across different occupancy types over the past five years. While the number of mortgages for principal residences has remained significantly higher than for investment or second properties, there has been a noticeable decline since a peak in 2020. Investment property and second residence mortgages have generally trended downwards as well, suggesting potential shifts in buyer priorities or market conditions. These changes have implications for real estate agents gauging market demand, investors seeking lucrative opportunities, and insurance agents assessing risk profiles. For appraisers and property developers, understanding the dynamics of occupancy types can provide insights into future development and valuation trends.
Economic Outlook
Average Taxable Income per Tax Return in Jefferson County, CO over the last 9 years
Over the last nine years, Jefferson County, CO has seen a steady increase in average taxable income per tax return, starting from $71,915.63 in 2013 and reaching $109,969.60 in 2021. This notable growth highlights a robust economic environment, making it an attractive spot for potential investors, homebuyers, and developers. Higher incomes often correlate with increased spending power and can signal a thriving local economy, which is great for business ventures and property development.
Average State and Local Income Taxes Per Tax Return in Jefferson County, CO Over the Last 10 Years
Over the last decade, Jefferson County, CO has seen a significant increase in average state and local income taxes per tax return, rising from $5,503.50 in 2012 to $10,820.28 in 2021. This sharp upward trend, particularly from 2017 onwards, suggests a substantial increase in tax liabilities which could impact financial planning for both current residents and those considering moving to the area.
Average Total Tax Liability Per Tax Return in Jefferson County, CO Over the Last 10 Years
Over the past decade, Jefferson County, Colorado has seen a significant rise in the average total tax liability per tax return, increasing from $12,793.12 in 2012 to $19,690.48 in 2021. This uptick could indicate growing economic prosperity and higher incomes in the county, making it an appealing spot for investors and potential residents seeking robust growth. The spike in tax liability also suggests ample public funding, potentially translating into better community services and infrastructure, enhancing the quality of life for current and future residents.
Cost of Living in Jefferson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,467 | $1,669 | $1,479 | $2,769 | $2,354 |
| 1 adult 4 children | $2,467 | $1,363 | $1,141 | $2,769 | $2,459 |
| 2 adults 3 children | $2,467 | $1,363 | $1,278 | $2,769 | $2,119 |
| 1 adult 3 children | $2,467 | $1,113 | $940 | $2,769 | $2,297 |
| 2 adults 2 children | $1,870 | $1,116 | $1,077 | $2,411 | $1,621 |
| 1 adult 2 children | $1,870 | $834 | $739 | $2,411 | $1,730 |
| 2 adults 1 child | $1,870 | $882 | $876 | $1,250 | $1,207 |
| 1 adult 1 child | $1,870 | $570 | $538 | $1,250 | $1,233 |
| 2 adults | $1,549 | $709 | $675 | $0 | $849 |
| 1 adult | $1,400 | $387 | $338 | $0 | $751 |
Safety trends & Data
Property Crime Trends in Jefferson County, CO Over the Last 5 Years
Jefferson County, Colorado has seen a noticeable decline in larceny-theft incidents, with numbers falling from 3,303 in 2018 to 1,615 in 2022. However, motor vehicle thefts have fluctuated, peaking in 2021 at 506 before slightly declining to 431 in 2022. Vandalism cases have remained relatively steady, with minor variances each year, showing a slight increase overall. Embezzlement and fraud cases have dropped substantially in recent years, suggesting better fraud prevention efforts or reporting. Arson incidents have trended upwards gradually, reaching 36 cases in 2022. These trends are essential for potential home buyers, real estate agents, and insurance agents to consider when evaluating the safety and economic stability of the county.
Demographics
Jefferson County, Colorado, exhibits a balanced gender distribution with a nearly equal count of males and females. Education levels vary widely, though a significant portion holds at least a bachelor's degree, emphasizing a potentially educated workforce. Age diversity is notable, with substantial numbers across younger and older age groups, indicating the area is appealing to both families and retirees. Racially, the county is predominantly White, but there's some level of diversity,... Read more
Race Distribution in Jefferson County, Colorado (2022)
Educational Attainment in Jefferson County, Colorado (2022)
Age Distribution in Jefferson County, Colorado
Citizen Population in Jefferson County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jefferson County in Colorado leaned more towards the Democratic side in the 2020 U.S. Presidential Election, with Democrats possibly securing nearly 58% of the votes. Republicans might have garnered close to 39%, indicating a significant but not dominant presence. Minor parties, including the Libertarian and Green parties, collectively accrued around 2% of the vote, suggesting limited influence. These figures could highlight a trend towards a Democratic preference in this area, while still maintaining a noticeable Republican base.
39.33% of voters voted for the Republican party in the 2020 Presidential Election
57.88% of voters voted for the Democrat party in the 2020 Presidential Election
1.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
0.81% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Jefferson County, Colorado over the last 10 years
Over the past decade, Jefferson County, Colorado has seen a fluctuating student-to-teacher ratio, peaking at slightly over 24 students per teacher in 2015 and dipping to around 18 in 2022. These numbers remain notably higher than the national average of 14 students per teacher in the United States. This elevated ratio could imply larger class sizes, potentially impacting teacher workload and individual student attention. For potential investors, homebuyers, or those looking to develop property, understanding these trends is crucial, as they might influence educational quality and thereby affect local property values. For real estate agents and appraisers, this is particularly pertinent when evaluating neighborhood appeal or positioning properties in the market. Similarly, insurance agents might consider these details when assessing risk and coverage needs in the area.
