La Plata County Market Trends
Median Value of Occupied Housing Units in La Plata County, Colorado Over the Last 8 Years
La Plata County, Colorado's median home values have seen a steep upward trajectory over the past eight years, jumping from $332,700 in 2015 to $497,800 in 2022. This surge outpaces both the state and national levels, where median values reached $465,900 and $179,400 respectively by 2022. Such growth suggests that La Plata County could be a hot spot for real estate investment, attracting those seeking significant equity gains over time.
Residential Energy Tax Credit Per Tax Return in La Plata County, CO Over the Last 9 Years
La Plata County, Colorado has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. Notably, there's a peak in 2018 at $3,805.00, suggesting a possible surge in residential energy investments or upgrades during that period. After this peak, the credit values stabilized around $2,500.00 to $2,800.00, indicating a consistent level of energy-efficient improvements among homeowners. Such trends underscore a growing emphasis on sustainable living and energy efficiency, making La Plata County an attractive spot for eco-conscious residents and investors.
Average Real Estate Taxes Per Tax Return in La Plata County, CO Over the Last 10 Years
Over the past decade in La Plata County, Colorado, average real estate taxes per tax return have generally trended upward, with a notable increase from $1,699.73 in 2012 to $3,435.06 in 2021. Significant jumps, particularly between 2017 and 2020, suggest possible shifts in property values or tax policies. This surge in taxes highlights potential considerations for investors and property developers regarding the county's evolving real estate landscape.
Percentage of Farm Returns in La Plata County, CO Over the Last 10 Years
La Plata County, Colorado has seen a consistent decline in the percentage of farm tax returns over the past decade. Starting at approximately 3.39% in 2012 and tapering to around 2.62% by 2021, this trend reflects a broader shift in the region's agricultural economy. Farm tax returns indicate the income tax filings from agricultural activities, hinting at how lucrative or widespread farming is in the area. This shrinking percentage may suggest challenges faced by the farming community or a pivot towards other economic sectors, potentially impacting decisions for those interested in agricultural investments, property development, or relocation to the county.
Number of Mortgages by Occupancy Type in La Plata County, CO Over the Last 5 Years in La Plata County
Over the last five years in La Plata County, Colorado, the annual number of mortgages for principal residences has remained significantly higher compared to investment properties and second residences. Notably, 2021 saw the highest volume of principal residence mortgages at 5,035, while the count for investment properties and second residences peaked in 2020 and 2019 respectively. Fluctuations in occupancy types can indicate shifts in the local market's focus, which might reflect broader economic changes or regulatory impacts. For individuals considering investing, moving, or building property, understanding these trends can provide insight into buyer behavior and market dynamics. Appraisers, insurance agents, and real estate professionals can also leverage these insights to better estimate property values and risk assessments.
Economic Outlook
Average Taxable Income per Tax Return in La Plata County, CO over the last 9 years
La Plata County, CO, shows a significant upward trend in average taxable income per tax return over the last nine years, peaking at $105,916.79 in 2021. This indicates robust economic growth, making it a lucrative area for investment or relocation. The steady increase, except for minor fluctuations, reflects a solid financial foundation and potential for long-term returns on property investments. For current and prospective residents, this financial uptrend boosts confidence in the economic stability and potential of the county.
Average State and Local Income Taxes Per Tax Return in La Plata County, CO Over the Last 10 Years
Over the past decade, La Plata County, CO has seen a notable increase in average state and local income taxes per tax return, climbing from $5,987.95 in 2012 to $14,012.17 in 2021. The sharpest rises occurred between 2017 and 2021, indicating a potential surge in local revenue requirements or an increase in residents' taxable incomes. This trend may reflect broader economic developments in the area, influencing both the cost of living and the attractiveness of the region for potential new residents.
Average Total Tax Liability Per Tax Return in La Plata County, CO Over the Last 10 Years
La Plata County, Colorado has seen a significant increase in the average total tax liability per tax return over the past decade. Starting at $12,373.25 in 2012, this figure has climbed to $19,915.83 by 2021. Notably, there is a substantial spike in 2021, representing heightened financial responsibility for residents and highlighting economic changes in the area. This rising tax liability is crucial for prospective investors, property developers, and new residents to consider, as it may impact overall financial planning and cost of living.
Cost of Living in La Plata County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,916 | $1,729 | $2,015 | $2,012 | $2,125 |
| 1 adult 4 children | $1,916 | $1,412 | $1,560 | $2,012 | $2,249 |
| 2 adults 3 children | $1,916 | $1,413 | $1,738 | $2,012 | $1,836 |
| 1 adult 3 children | $1,916 | $1,153 | $1,283 | $2,012 | $1,952 |
| 2 adults 2 children | $1,476 | $1,156 | $1,462 | $1,762 | $1,406 |
| 1 adult 2 children | $1,476 | $864 | $1,007 | $1,762 | $1,477 |
| 2 adults 1 child | $1,476 | $914 | $1,186 | $947 | $1,137 |
| 1 adult 1 child | $1,476 | $590 | $731 | $947 | $1,083 |
| 2 adults | $1,307 | $734 | $910 | $0 | $881 |
| 1 adult | $1,094 | $400 | $455 | $0 | $707 |
Safety trends & Data
Property Crime Trends in La Plata County, CO Over the Last 5 Years
Larceny-theft and vandalism have seen the highest rates among property crimes in La Plata County, Colorado over the last five years, with larceny-theft peaking in 2018 at 193 cases before a gradual decline. Though burglary arrests peaked in 2021, they dropped significantly by 2022. Fraud and motor vehicle theft showed relatively consistent numbers, each seeing minor fluctuations throughout the period. Overall, the data highlights a need for potential investors, real estate agents, and residents to keep an eye on property crime trends, as they may influence decision-making regarding property investments and community safety strategies.
Demographics
La Plata County, Colorado, showcases a nearly balanced gender distribution among adults, which can imply a variety of social dynamics and opportunities. Education-wise, a significant portion of the population appears to emphasize higher education, with a notable number of residents holding bachelor's and graduate degrees, which potentially influences the local economy and job market. The age distribution indicates a relatively diverse population spread across all age groups, with a noticeable... Read more
Race Distribution in La Plata County, Colorado (2022)
Educational Attainment in La Plata County, Colorado (2022)
Age Distribution in La Plata County, Colorado
Citizen Population in La Plata County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In La Plata County, Colorado, the 2020 U.S. Presidential Election saw the Democratic party potentially leading with about 57.6% of the votes, while Republicans gathered around 39.9%. Other parties, including the Libertarian and Green parties, collectively garnered minimal support, indicating a trend that third parties may not have a significant impact in this county. This distribution might suggest that La Plata could lean towards Democratic preferences, aligning with broader state trends.
39.91% of voters voted for the Republican party in the 2020 Presidential Election
57.61% of voters voted for the Democrat party in the 2020 Presidential Election
1.49% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Green party in the 2020 Presidential Election
0.64% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in La Plata County, Colorado over the last 10 years
La Plata County, Colorado has experienced significant fluctuations in its student-to-teacher ratio over the past decade. The peak was in 2016 with a ratio of 35 students per teacher, which has gradually decreased to 12 in 2023. Despite recent improvements, the earlier years saw ratios well above the current national average of 14 students per teacher. These variations could have crucial implications for those considering investing in or moving to the area, as lower ratios often correlate with better educational outcomes and can enhance property values. For real estate agents and appraisers, understanding these trends is essential as they might influence the demand for housing and the perception of the local education system. Insurance agents and property builders may also find this data useful, as lower ratios could indicate a more stable and desirable community.
