Larimer County Market Trends
Median Value of Occupied Housing Units in Larimer County, Colorado Over the Last 8 Years
With Larimer County's median home values shooting up from $263,400 in 2015 to $488,300 in 2022, it’s clear the area is seeing a significant surge compared to both Colorado and national figures. Statewide, Colorado’s values climbed from $247,800 to $465,900 over the same period, while nationally, values moved from $125,500 to $179,400. If you're looking to invest in this booming market, move to the county, or build property, this accelerated growth suggests strong demand and potential return on investment.
Residential Energy Tax Credit Per Tax Return in Larimer County, CO Over the Last 9 Years
Over the last nine years, Larimer County, Colorado has seen significant fluctuations in the average residential energy tax credit per tax return. From a moderate $359.81 in 2013, the credit peaked dramatically at $4,225.27 in 2018, showcasing a growing investment in energy-efficient home improvements. Following this peak, the credit dipped to $1,928.32 in 2020, before again rising to $2,519.02 in 2021. This pattern indicates increasing homeowner engagement in energy efficiency, making it an attractive trend for investors, property developers, and potential residents focused on sustainability.
Average Real Estate Taxes Per Tax Return in Larimer County, CO Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Larimer County, Colorado have shown a noticeable upward trend, almost doubling from $2,309.84 in 2012 to $4,279.36 in 2021. Significant spikes, particularly between 2016 and 2020, likely reflect rising property values and increased demand. This trend might suggest growing economic development and an attractive housing market, making it a potentially appealing area for real estate investors and new residents alike. However, the increase in taxes could also mean higher costs for current and prospective homeowners.
Percentage of Farm Returns in Larimer County, CO Over the Last 10 Years
Over the past decade, Larimer County in Colorado has seen a gradual decline in the percentage of farm tax returns filed. From 1.19% in 2012 to 0.82% in 2021, this trend might suggest shifts in the local agriculture industry or changes in land use. For potential investors, property developers, or those considering moving to the area, these numbers could indicate evolving economic conditions affecting farm profitability and land values. Understanding the fluctuating farm tax returns can provide insights into broader agricultural trends and regional economic health.
Number of Mortgages by Occupancy Type in Larimer County, CO Over the Last 5 Years in Larimer County
Larimer County, Colorado has seen a significant shift in the types of mortgages, with a marked decrease in the volume of investment property mortgages from 4,001 in 2021 to 1,748 in 2022, suggesting waning investor interest. Principal residence mortgages have also trended downward, dipping to 20,745 in 2022 from their peak at 45,798 in 2020, potentially reflecting changing housing demands or economic conditions. The lower number of second residence mortgages, consistently under 1,400 across all years, indicates limited interest in vacation or secondary homes. Such fluctuations could impact property values, rental markets, and investment opportunities, thereby influencing decisions for investors, homeowners, appraisers, insurance agents, builders, and real estate professionals. Understanding these mortgage trends helps stakeholders navigate the evolving real estate landscape in Larimer County.
Economic Outlook
Average Taxable Income per Tax Return in Larimer County, CO over the last 9 years
In Larimer County, CO, the average taxable income has shown substantial growth over the past nine years, rising from $63,348.00 in 2013 to $99,318.40 in 2021. This steady increase reflects robust economic conditions, making the county an attractive spot for potential investors, homebuyers, and property developers. Consistent income growth highlights a thriving local economy and a potentially prosperous future for residents and businesses alike.
Average State and Local Income Taxes Per Tax Return in Larimer County, CO Over the Last 10 Years
Over the past decade, Larimer County, CO has experienced a significant increase in state and local income taxes per tax return, climbing from $5,178.29 in 2012 to $11,756.14 in 2021. This sharp rise, especially notable from 2018 onwards, underscores the growing fiscal demands on residents. Potential movers and current inhabitants should factor these increasing taxes into their financial planning, reflecting broader economic shifts and possibly enhanced public services in the area.
Average Total Tax Liability Per Tax Return in Larimer County, CO Over the Last 10 Years
Over the last decade in Larimer County, Colorado, the average total tax liability per tax return has shown a consistent uptrend, reflecting a healthy economic growth and potentially increasing incomes in the area. Notably, from $11,249.19 in 2012 to $17,907.38 in 2021, the rise gives insight into the evolving fiscal dynamics, impacting property values, investments, and cost of living. For investors and prospective residents, these figures indicate a robust financial environment that supports both business and personal financial growth.
Cost of Living in Larimer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,187 | $1,641 | $1,846 | $2,769 | $2,348 |
| 1 adult 4 children | $2,187 | $1,340 | $1,425 | $2,769 | $2,430 |
| 2 adults 3 children | $2,187 | $1,340 | $1,595 | $2,769 | $2,095 |
| 1 adult 3 children | $2,187 | $1,094 | $1,174 | $2,769 | $2,234 |
| 2 adults 2 children | $1,539 | $1,097 | $1,344 | $2,411 | $1,533 |
| 1 adult 2 children | $1,539 | $820 | $923 | $2,411 | $1,630 |
| 2 adults 1 child | $1,539 | $867 | $1,093 | $1,250 | $1,151 |
| 1 adult 1 child | $1,539 | $560 | $672 | $1,250 | $1,123 |
| 2 adults | $1,232 | $697 | $842 | $0 | $786 |
| 1 adult | $1,210 | $380 | $421 | $0 | $705 |
Safety trends & Data
Property Crime Trends in Larimer County, CO Over the Last 5 Years
Larimer County, Colorado has seen fluctuating property crime trends over the past five years. Notable declines in larceny-theft from 1,372.00 cases in 2018 to 813.00 in 2022 are compelling, especially for investors and residents prioritizing safety and security. Motor vehicle thefts, however, have shown slight increases with 118.00 cases in 2020 jumping to 132.00 in 2022, potentially impacting insurance premiums. Vandalism numbers have remained relatively steady, while categories like embezzlement and forgery have shown minor variations, suggesting relatively stable economic crime activity. Overall, while there is a general downtrend in some major crime types, slight upticks in others highlight areas to watch for potential investors and policymakers.
Demographics
Larimer County, Colorado shows a fairly balanced gender split with a slight tilt towards females. Education levels highlight a strong inclination towards higher education, as a significant portion of the population holds bachelor’s or graduate degrees. The county's age distribution suggests a youthful demographic, with a notable segment in the 20 to 34-year bracket, indicating potential economic vibrancy and labor market readiness. The predominant racial demographic is White, but there are... Read more
Race Distribution in Larimer County, Colorado (2022)
Educational Attainment in Larimer County, Colorado (2022)
Age Distribution in Larimer County, Colorado
Citizen Population in Larimer County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Larimer County, Colorado, the 2020 U.S. Presidential Election results hinted at a likely preference for Democratic candidates, with Democrats receiving about 56.2% of the vote. Republicans trailed behind with roughly 40.8%, while minor parties like Libertarians and Greens barely made a dent at around 1.8% and 0.3%, respectively. This trend may suggest a political landscape that leans Democratic, though the presence of a notable Republican minority implies a competitive two-party contest.
40.78% of voters voted for the Republican party in the 2020 Presidential Election
56.22% of voters voted for the Democrat party in the 2020 Presidential Election
1.82% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.85% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Larimer County, Colorado over the last 10 years
Larimer County, Colorado, has witnessed a notable decrease in the student-to-teacher ratio over the last decade, dipping from 18 in 2014 to just under 16 by 2023. While still above the national average of 14 students per teacher, this trend implies a positive trajectory towards more individualized attention for students in the county. This could be particularly appealing for families considering relocation, investors in education-related services, and home builders aiming for family-friendly communities. Real estate agents and appraisers may also find this information valuable in highlighting the improving educational environment, potentially boosting property values and marketability. Insurance agents might also consider this an indicator of lower liability in school districts with lower student-to-teacher ratios, while educators and educational policymakers could use these insights for resource allocation and planning.
