Kit Carson County Market Trends
Median Value of Occupied Housing Units in Kit Carson County, Colorado Over the Last 8 Years
Over the past eight years, Kit Carson County's median home values have shown significant variability, with prices skyrocketing from $122,300 in 2015 to $182,700 in 2022. This local growth outpaced national trends, where median values rose from $125,500 to $179,400 within the same period. However, when compared to state-level data for Colorado, Kit Carson County remains considerably more affordable. Colorado's median home values saw a dramatic increase from $247,800 in 2015 to $465,900 in 2022, showcasing a distinct divergence between rural and urban market dynamics in the state. For potential investors or homebuyers, Kit Carson County offers a more accessible entry point into the housing market compared to broader state trends.
Residential Energy Tax Credit Per Tax Return in Kit Carson County, CO Over the Last 4 Years
Kit Carson County, Colorado has seen significant fluctuations in residential energy tax credits per tax return over the last four years. Starting at $160.00 in 2013, the average credit jumped to $200.00 in 2014, before experiencing a slight dip to $166.67 in 2015. Notably, 2016 witnessed a sharp rise to $300.00. This pattern indicates increasing incentives for energy efficiency, which could attract environmentally conscious investors and property developers looking for cost-saving measures.
Average Real Estate Taxes Per Tax Return in Kit Carson County, CO Over the Last 10 Years
Real estate taxes in Kit Carson County, Colorado, have shown a noticeable upward trend over the past decade. Starting at approximately $1,237.00 in 2012, the taxes per tax return gradually increased, peaking at around $2,057.00 in 2021. This steady rise, particularly the significant jumps between 2018 and 2019 as well as from 2020 to 2021, could signal growing property values or changes in tax rates, which might be of interest to potential investors and property developers in evaluating long-term costs and property value trends.
Percentage of Farm Returns in Kit Carson County, CO Over the Last 10 Years
Kit Carson County, Colorado has seen a modest fluctuation in farm tax returns over the past decade, hovering around 18.40% in 2012 before dipping slightly to 15.81% in 2021. These percentages reflect the portion of farm-related income reported on tax returns, indicating the significance of agriculture to the local economy. For potential investors and property developers, the relatively stable yet slightly declining trend could signal shifts in agricultural productivity or changes in the economic landscape. This data helps paint a picture of the county's economic reliance on farming, making it an essential factor to consider for long-term planning and investment strategies.
Number of Mortgages by Occupancy Type in Kit Carson County, CO Over the Last 5 Years in Kit Carson County
Kit Carson County, Colorado has seen an upward trend in mortgages for Principal Residences, peaking in 2021 at 381 from 218 in 2018. Investment Property mortgages slightly decreased over the same period, from 19 in 2018 to 10 in 2022. Second Residence mortgages have remained relatively flat. These shifts can affect investors' decisions as a rising preference for primary homes may signal stable, long-term occupancy, while flat or declining investment properties might indicate less speculative interest. Insurers could likewise adjust premiums for primary homes due to the apparent stability. For real estate agents, this trend suggests focusing more on families and individuals seeking permanent residence than on investors looking for rental income. This pattern might also influence developers' plans, prompting them to prioritize infrastructure and amenities for full-time residents.
Economic Outlook
Average Taxable Income per Tax Return in Kit Carson County, CO over the last 9 years
Kit Carson County, CO saw notable fluctuations in the average taxable income per tax return over the past nine years, with a low of $33,673.23 in 2016 and a peak of $58,642.25 in 2021. This indicates a volatile but generally upward trend, particularly with significant recovery and growth post-2016. Such data suggests potential economic resilience and growing income opportunities, making it an appealing prospect for investors, new residents, and property developers.
Average State and Local Income Taxes Per Tax Return in Kit Carson County, CO Over the Last 10 Years
Kit Carson County, CO has experienced significant fluctuations in average state and local income taxes per tax return over the past decade, with a high of $8,471.43 in 2014 and a low of $3,687.50 in 2020. Noteworthy spikes were observed in 2013 and 2021, suggesting economic or policy changes during these years greatly impacted the average tax burdens. This volatility may be a crucial factor for prospective residents considering the financial landscape and tax planning in Kit Carson County.
Average Total Tax Liability Per Tax Return in Kit Carson County, CO Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Kit Carson County, Colorado has fluctuated significantly. In 2012, it peaked at $11,073.14 before experiencing a notable drop to $7,326.64 by 2015 and hovering around the $7,000 mark for several subsequent years. It saw an uptick again, reaching $8,509.09 in 2021. These variations can be revealing for potential investors and residents, indicating periods of economic change and possibly shifts in property values or household incomes.
Cost of Living in Kit Carson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,291 | $1,355 | $2,013 | $1,702 | $1,469 |
| 1 adult 4 children | $1,291 | $1,107 | $1,559 | $1,702 | $1,619 |
| 2 adults 3 children | $1,291 | $1,107 | $1,737 | $1,702 | $1,227 |
| 1 adult 3 children | $1,291 | $904 | $1,283 | $1,702 | $1,358 |
| 2 adults 2 children | $1,061 | $906 | $1,461 | $1,493 | $1,019 |
| 1 adult 2 children | $1,061 | $677 | $1,007 | $1,493 | $1,051 |
| 2 adults 1 child | $1,061 | $716 | $1,185 | $813 | $897 |
| 1 adult 1 child | $1,061 | $463 | $731 | $813 | $760 |
| 2 adults | $816 | $575 | $909 | $0 | $643 |
| 1 adult | $811 | $314 | $455 | $0 | $582 |
Safety trends & Data
Property Crime Trends in Kit Carson County, CO Over the Last 5 Years
Over the past five years in Kit Carson County, Colorado, property crime trends reveal some variability but do not show any clear upward or downward trajectory. Larceny-Theft consistently appeared as the most frequent type of property crime, peaking at 11 incidents in both 2018 and 2019 before gradually decreasing. Vandalism and motor vehicle theft have remained consistent concerns, with vandalism hitting a five-year high of 10 incidents in 2021. Burglary and fraud incidents were relatively low but saw periodic spikes. The data highlights a stable but diversified crime pattern, important for potential investors, property developers, and residents to consider for both risk assessment and community safety investments.
Demographics
Kit Carson County, Colorado shows a balanced gender ratio with a slight female majority. The educational attainment spread reveals a significant portion with high school education or some college but notably fewer with advanced degrees. The age distribution hints at a youthful base, though there is a substantial segment over 55, implying potential future service needs shifting toward elder care. The racial demographics are overwhelmingly White, with almost no representation from Black or... Read more
Race Distribution in Kit Carson County, Colorado (2022)
Educational Attainment in Kit Carson County, Colorado (2022)
Age Distribution in Kit Carson County, Colorado
Citizen Population in Kit Carson County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Kit Carson County in Colorado showed a strong preference for the Republican candidate in the 2020 U.S. Presidential Election, with approximately 81% of votes. Democratic support in the county was significantly lower at around 17%. Votes for Libertarian, Green, and Other parties were minimal, collectively accounting for less than 2% of the total. This trend may suggest that the county leans heavily conservative with limited traction for third-party candidates.
81.22% of voters voted for the Republican party in the 2020 Presidential Election
17.10% of voters voted for the Democrat party in the 2020 Presidential Election
0.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.05% of voters voted for the Green party in the 2020 Presidential Election
0.75% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Kit Carson County, Colorado over the last 10 years
Kit Carson County, Colorado, has seen a generally increasing trend in its student-to-teacher ratio over the past decade, moving from around 9 to near 12 students per teacher. While the national average in the United States is about 14 students per teacher, Kit Carson County's lower ratio could indicate more personalized attention for students, potentially attracting families prioritizing education. However, a rising ratio might suggest growing class sizes that could gradually put pressure on teaching resources and impact education quality. For investors, real estate agents, and those interested in local development, these shifts could influence decisions on housing demand and community growth strategies.
