Las Animas County Market Trends
Median Value of Occupied Housing Units in Las Animas County, Colorado Over the Last 8 Years
Over the last eight years, Las Animas County, Colorado has seen a steady increase in median home values, with a more pronounced spike in recent years—rising from $150,600 in 2015 to $190,900 in 2022. This upward trend, while significant, is still relatively modest compared to Colorado's statewide surge, where median values soared from $247,800 in 2015 to $465,900 in 2022. However, Las Animas County's growth in home values has outpaced the national average, which escalated from $125,500 to $179,400 over the same period. For investors, builders, or those considering a move, these figures may indicate a growing market with potential for further appreciation, yet still more accessible than other parts of the state.
Residential Energy Tax Credit Per Tax Return in Las Animas County, CO Over the Last 9 Years
Las Animas County, Colorado, has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. The notable spike in 2018, reaching $3,500.00, sharply contrasts with more stable years like 2013 and 2020, where credits hovered around $311.11 and $420.00 respectively. This volatility highlights potential opportunities for residents and investors focusing on energy efficiency improvements. Observing these changes, stakeholders can better strategize on maximizing incentives for residential projects and aligning financial planning with periods of higher tax credits.
Average Real Estate Taxes Per Tax Return in Las Animas County, CO Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Las Animas County, Colorado have shown significant fluctuations. Notably, there's a marked increase from 2016 onwards, rising from $1,084.21 to a peak of $2,081.25 in 2020. This uptick could hint at increasing property values or changes in local taxation policies, making it crucial for potential investors and property buyers to evaluate the evolving tax landscape.
Percentage of Farm Returns in Las Animas County, CO Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Las Animas County, Colorado has seen a gradual decrease from approximately 6.15% in 2012 to 4.66% by 2021. Farm tax returns generally indicate the number of residents deriving significant income from agricultural activities, which in turn reflects the economic health and priorities of the agricultural sector. Investors and residents might find this trend concerning as it potentially points to a dwindling agricultural base, which could influence property values, local business viability, and overall economic stability. For those considering agricultural investment or property development, this pattern warrants careful consideration of the county's evolving economic landscape.
Number of Mortgages by Occupancy Type in Las Animas County, CO Over the Last 5 Years in Las Animas County
Over the past five years in Las Animas County, Colorado, there's been a noticeable ebb and flow in the mortgage counts across various occupancy types. Principal residence mortgages consistently lead, peaking at 782 in 2021 before dipping to 571 in 2022. Investment property mortgages, while lower in overall numbers, show significant fluctuations, with a high of 74 in 2021 and a low of 22 in 2019. Second residences saw a spike in 2021 at 85 but then sharply declined to 37 in 2022. These shifts in occupancy types offer valuable insights for potential investors or homebuyers. For instance, the varying counts of investment property mortgages could indicate changing market dynamics or investment opportunities. Lower counts in specific years might suggest less competition for property acquisitions, which could be attractive for investors. Similarly, those looking to move to or build in Las Animas may find periods of lower second residence rates indicative of less demand, potentially leading to favorable purchasing conditions. Appraisers and insurance agents can also leverage these trends to better understand market fluctuations and risk assessments in the county.
Economic Outlook
Average Taxable Income per Tax Return in Las Animas County, CO over the last 9 years
Las Animas County, CO has experienced a steady increase in average taxable income per tax return over the last nine years, escalating from $42,121.09 in 2013 to $51,184.89 in 2021. Notable increments occurred in 2018 and 2021, suggesting economic growth and enhanced earning potential for residents. This upward trend indicates a robust local economy that could attract investors, new residents, and property developers looking to capitalize on this consistent income growth.
Average State and Local Income Taxes Per Tax Return in Las Animas County, CO Over the Last 10 Years
Las Animas County, CO has seen a notable rise in average state and local income taxes per tax return over the past decade, with significant increases especially from 2016 onward. From $3,847.06 in 2012, taxes rose to $6,673.33 by 2021, reflecting changing economic dynamics and likely increased local revenue requirements. This trend is crucial for potential movers and current residents who may need to budget for higher taxes amid regional financial policies and economic shifts.
Average Total Tax Liability Per Tax Return in Las Animas County, CO Over the Last 10 Years
Las Animas County, Colorado has seen fluctuating average total tax liabilities per tax return over the past decade. Noteworthy peaks occurred in 2017 and 2020, with figures around $7,241.80 and $7,262.44, respectively. However, a significant dip to about $6,310.80 was recorded in 2019. These trends can impact investment decisions, cost-of-living considerations, and financial planning for both current and prospective residents.
Cost of Living in Las Animas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,307 | $1,444 | $2,013 | $1,311 | $1,344 |
| 1 adult 4 children | $1,307 | $1,179 | $1,559 | $1,311 | $1,467 |
| 2 adults 3 children | $1,307 | $1,179 | $1,737 | $1,311 | $1,101 |
| 1 adult 3 children | $1,307 | $963 | $1,283 | $1,311 | $1,196 |
| 2 adults 2 children | $1,024 | $965 | $1,461 | $1,136 | $910 |
| 1 adult 2 children | $1,024 | $721 | $1,007 | $1,136 | $886 |
| 2 adults 1 child | $1,024 | $763 | $1,185 | $566 | $813 |
| 1 adult 1 child | $1,024 | $493 | $731 | $566 | $669 |
| 2 adults | $778 | $613 | $909 | $0 | $620 |
| 1 adult | $685 | $334 | $455 | $0 | $525 |
Safety trends & Data
Property Crime Trends in Las Animas County, CO Over the Last 5 Years
Las Animas County, Colorado has seen varying trends in property crime over the past five years. Burglary incidents fluctuated, peaking at 30.0 in 2021, while larceny-theft showed a significant reduction from 50.0 in 2018 and 2019 to 31.0 in 2021. Motor vehicle theft remained relatively stable with minor variations. Arson rose modestly, with the highest at 3.0 in 2021. Interestingly, fraud and vandalism figures also exhibited some instability, potentially reflecting broader social or economic influences. These patterns could be vital for potential investors, insurance agents, and anyone contemplating moving to or building property in the county.
Demographics
Las Animas County, Colorado exhibits a notable gender imbalance in its adult population with slightly more males than females. Educational attainment is diverse, but a considerable portion of the population attains only some college education without a degree. The age distribution indicates a relatively significant number of older adults, particularly those between 55 to 74 years, which could suggest an aging population that may influence local healthcare and social services planning. Racially,... Read more
Race Distribution in Las Animas County, Colorado (2022)
Educational Attainment in Las Animas County, Colorado (2022)
Age Distribution in Las Animas County, Colorado
Citizen Population in Las Animas County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Republican candidates might have had a slight edge in Las Animas County, Colorado, garnering about 54% of the vote in the 2020 U.S. Presidential Election. Democrats trailed with close to 44%, while Libertarians and other parties seemed to hold minimal influence, capturing just around 1% each. These figures could reflect broader statewide or national trends, but local dynamics likely play a significant role in shaping these outcomes.
53.81% of voters voted for the Republican party in the 2020 Presidential Election
43.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.97% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Las Animas County, Colorado over the last 10 years
Las Animas County, Colorado has seen its student-to-teacher ratio fluctuate over the past decade, generally hovering around the low teens, with values ranging from approximately twelve to just over thirteen. This compares favorably to the national average of fourteen students per teacher. A lower student-to-teacher ratio can indicate more individualized attention for each student, which can be a key factor for families considering relocation. For real estate agents and investors, this may be a compelling point when highlighting the area's commitment to education. Appraisers and insurance agents might also note that schools with better ratios often correlate with higher property values and desirable living conditions.
