Lincoln County Market Trends
Median Value of Occupied Housing Units in Lincoln County, Colorado Over the Last 8 Years
Lincoln County, Colorado has seen some significant jumps in median home values over the last eight years, especially in 2022 with a dramatic increase to $238,000 from $163,900 in 2021. While this is still lower than Colorado's state median of $465,900 for 2022, it's interesting to note how the county’s growth rate outpaced the state's steady climb. Compared to national figures, Lincoln County has moved from trailing behind the U.S. average to outpacing it, showing some potential for those interested in investing or moving to this area.
Residential Energy Tax Credit Per Tax Return in Lincoln County, CO Over the Last 6 Years
Lincoln County, Colorado has seen significant fluctuations in residential energy tax credits per tax return over the past six years. Notably, there was a sharp increase from $300.00 in 2016 to $1,800.00 in 2020, indicating increased investment in energy-efficient home improvements. However, 2021 saw a slight dip to $1,300.00, still considerably higher than earlier years. This volatility suggests potential opportunities for savvy investors or homeowners who are looking to capitalize on state incentives for sustainable living projects.
Average Real Estate Taxes Per Tax Return in Lincoln County, CO Over the Last 10 Years
Lincoln County, Colorado's average real estate taxes per tax return have steadily increased over the past decade, starting at around $1166.67 in 2012 and reaching $1500.00 by 2021. This gradual rise suggests a growing demand for property in the area, impacting property values and market interest. For potential investors and homebuyers, these trends indicate a possibly appreciating market, which might translate into higher future returns. Builders and developers could also see this as an opportunity, signifying a stable, possibly growing real estate environment.
Percentage of Farm Returns in Lincoln County, CO Over the Last 10 Years
Lincoln County, Colorado has experienced fluctuating percentages of farm tax returns over the last decade, seeing a peak of 17.65% in 2012 and a low of 12.74% in 2020. This could suggest varying economic conditions affecting local agriculture. For those considering investing, moving, or building property in the area, this trend may indicate shifts in the agricultural sector's health. Farm tax returns provide insight into the local economy's agricultural activity, which can be crucial data for making informed decisions about property investments and understanding the county’s economic climate.
Number of Mortgages by Occupancy Type in Lincoln County, CO Over the Last 5 Years in Lincoln County
Lincoln County, Colorado has seen notable fluctuations in the number of mortgages by occupancy type over the past five years. Principal residence mortgages have significantly overshadowed those for investment and second residences, suggesting robust local demand for primary housing. Although investment property mortgages saw an increase in 2021, they substantially dropped by 2022, hinting at potential shifts in investor sentiment or market conditions. For those looking to invest, this volatility could reflect both opportunities and risks in the local real estate market. Property developers and real estate agents might find the relatively stable demand for principal residences reassuring, while the fluctuating interest in investment properties could impact appraisal and insurance strategies. Understanding these trends is essential for making informed decisions in the region's housing market.
Economic Outlook
Average Taxable Income per Tax Return in Lincoln County, CO over the last 9 years
Lincoln County, CO has seen a notable upward trend in average taxable income per tax return over the past nine years, peaking at $54,893.36 in 2021. This growth suggests increasing economic stability and potential opportunities for investments and development. Particularly, the significant rise from $48,521.24 in 2020 to $54,893.36 in 2021 indicates a strong recent surge, which can be attractive for businesses and individuals considering moving to or expanding in the area.
Average State and Local Income Taxes Per Tax Return in Lincoln County, CO Over the Last 10 Years
Over the last decade, Lincoln County, CO has experienced fluctuations in average state and local income taxes per tax return, starting at $3,514.29 in 2012 and peaking at $5,450.00 in 2020. Notable increases occurred between 2012 and 2015 and again from 2019 to 2020, suggesting periods of economic growth or changes in tax policies. Prospective and current residents should consider these trends as they reflect broader economic dynamics and potential financial planning impacts.
Average Total Tax Liability Per Tax Return in Lincoln County, CO Over the Last 10 Years
Lincoln County, Colorado, has experienced notable fluctuations in the average total tax liability per tax return over the past decade. After peaking at $7,651.33 in 2014, the county saw a significant decline to $5,929.58 by 2018. However, recent years have shown a rebound, with 2021 figures climbing back to $7,405.42. These trends can provide insightful context for potential investors or residents, indicating potential shifts in economic conditions and fiscal policies within the county.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,245 | $1,597 | $2,013 | $1,311 | $1,436 |
| 1 adult 4 children | $1,245 | $1,304 | $1,559 | $1,311 | $1,556 |
| 2 adults 3 children | $1,245 | $1,304 | $1,737 | $1,311 | $1,173 |
| 1 adult 3 children | $1,245 | $1,065 | $1,283 | $1,311 | $1,271 |
| 2 adults 2 children | $995 | $1,068 | $1,461 | $1,136 | $966 |
| 1 adult 2 children | $995 | $798 | $1,007 | $1,136 | $951 |
| 2 adults 1 child | $995 | $844 | $1,185 | $566 | $859 |
| 1 adult 1 child | $995 | $545 | $731 | $566 | $703 |
| 2 adults | $780 | $678 | $909 | $0 | $667 |
| 1 adult | $775 | $370 | $455 | $0 | $586 |
Safety trends & Data
Property Crime Trends in Lincoln County, CO Over the Last 5 Years
Lincoln County, Colorado, has seen notable fluctuations in property crime over the last five years, with motor vehicle theft and vandalism exhibiting the most significant variations. Motor vehicle theft surged dramatically in 2020 and 2021, peaking at 10 and 13 incidents respectively. Meanwhile, vandalism arrests varied, reaching a high of 6 in 2021. Trends in burglary and larceny-theft appear relatively steady but low in comparison, potentially reflecting focused law enforcement or community prevention efforts. Prospective investors, appraisers, and real estate professionals should pay close attention to these changes, as property crime impacts insurance rates, property values, and neighborhood desirability.
Demographics
Lincoln County, Colorado's adult population shows a significant gender imbalance, with males outnumbering females nearly by double. Educational attainment is diverse, with the majority being high school graduates, though a noteworthy count has some college education or higher degrees. The age distribution suggests a young to middle-aged populace, with peaks in the 25 to 34 and 35 to 44 age ranges. Racially, the area is predominantly White, with minimal representation from other races. These... Read more
Race Distribution in Lincoln County, Colorado (2022)
Educational Attainment in Lincoln County, Colorado (2022)
Age Distribution in Lincoln County, Colorado
Citizen Population in Lincoln County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lincoln County, Colorado, appears to lean heavily Republican, with nearly 81% of the vote going to the Republican candidate in the 2020 U.S. Presidential Election. Democratic support seems considerably lower, making up approximately 18% of the vote. Minor parties like the Libertarian and Green parties show minimal impact, suggesting voter preference might be strongly polarized towards the two major parties in this area. Such trends might be indicative of larger regional political attitudes and could be useful for strategizing future campaigns.
80.54% of voters voted for the Republican party in the 2020 Presidential Election
17.73% of voters voted for the Democrat party in the 2020 Presidential Election
0.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.04% of voters voted for the Green party in the 2020 Presidential Election
0.72% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Lincoln County, Colorado over the last 10 years
Lincoln County, Colorado, has seen some fluctuations in its student-to-teacher ratio over the past decade, with values generally hovering around 10 students per teacher, occasionally peaking above 11. Although 2023's ratio of 10 students per teacher aligns closely with the region's average over the years, it remains significantly below the national average of 14 students per teacher. This relatively low ratio suggests a more personalized learning experience, potentially making the area more attractive for families prioritizing education quality. For investors, developers of educational facilities, and real estate agents, this trend could highlight Lincoln County's appeal as a community with more individualized attention for students, which could be a selling point.
