Moffat County Market Trends
Median Value of Occupied Housing Units in Moffat County, Colorado Over the Last 8 Years
Moffat County's median home values have experienced a steady increase recently, reaching $247,500 in 2022, marking a significant rise from $169,200 in 2017. This local growth is important considering Colorado's state median reached $465,900, and the national median hit $179,400 in 2022. Moffat County's more affordable trajectory compared to state trends might appeal to budget-conscious buyers or investors looking for growth potential in a less saturated market.
Residential Energy Tax Credit Per Tax Return in Moffat County, CO Over the Last 8 Years
Moffat County, Colorado has seen significant fluctuation in the average residential energy tax credit per tax return over the past eight years, with a dramatic spike to $1,785.71 in 2021. This notable increase suggests a growing emphasis on residential energy efficiency and possibly expanded incentives or larger projects being undertaken. For investors and homeowners, this trend signals strong local and state support for sustainable energy improvements, which could influence property values and investment opportunities in the area.
Average Real Estate Taxes Per Tax Return in Moffat County, CO Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Moffat County, Colorado, have shown considerable fluctuation. Starting at $1,336.00 in 2012, the taxes dipped slightly to $1,252.94 in 2015 before rising steadily to a peak of $1,985.71 in 2020. Despite a small decrease to $1,788.89 in 2021, the overall trend points to a rising tax burden. This pattern might be indicative of increasing property values or changing tax policies, which could be relevant for potential investors or residents evaluating long-term financial implications.
Percentage of Farm Returns in Moffat County, CO Over the Last 10 Years
Farm tax returns in Moffat County, Colorado have fluctuated over the last decade. Peak percentages occurred in 2014 at around 5.91% and 2016 at approximately 5.92%, whereas the lowest percentage was recorded in 2020 at roughly 4.65%. These figures primarily show a slight decline overall. For those considering investments, relocations, or property developments, this trend might suggest a cautious but steady level of farming activity, indicative of relative stability in agricultural-related income reporting. This insight can be crucial for understanding the long-term viability and economic health of the farming sector in the area.
Number of Mortgages by Occupancy Type in Moffat County, CO Over the Last 5 Years in Moffat County
Moffat County, Colorado, has seen substantial variations in mortgage counts for different occupancy types over the last five years. Notably, the number of mortgages for principal residences peaked in 2021 at 1,162, almost double the 2018 figures. In contrast, investment property mortgages remained relatively stable with minor fluctuations, reaching their highest in 2021 at 45 but dropping to 25 in 2022. Mortgages for second residences consistently stayed in the single digits to low teens, implying limited growth in this sector. These shifts in occupancy types may influence the housing market dynamics, affecting property values, neighborhood compositions, and demand for real estate services. Investors, homebuyers, and professionals in real estate should consider these trends when making decisions, as they could impact financing options, insurance rates, and appraisals, potentially altering the overall attractiveness and risk profile of the county.
Economic Outlook
Average Taxable Income per Tax Return in Moffat County, CO over the last 9 years
Moffat County, CO has seen fluctuating average taxable incomes over the past nine years, with notable growth from $55,759.51 in 2013 to $61,273.52 in 2021. Despite some dips, particularly in 2016, the overall trend leans towards an increase, peaking impressively in 2021. This trend suggests a strengthening economic environment, making it an attractive spot for potential investors, new residents, and property developers.
Average State and Local Income Taxes Per Tax Return in Moffat County, CO Over the Last 10 Years
Over the last decade, Moffat County, CO has experienced a noticeable increase in average state and local income taxes per tax return, rising from $4,108.84 in 2012 to $6,294.74 in 2021. Specifically, after a relatively stable period between 2012 and 2016, a significant climb began around 2018, peaking in 2021. This trend signals an increasing financial obligation for residents, possibly reflecting changes in local fiscal policies or adjustments in income brackets. This escalation is crucial for current and prospective residents to consider, potentially impacting decisions on relocation or financial planning within the county.
Average Total Tax Liability Per Tax Return in Moffat County, CO Over the Last 10 Years
In Moffat County, Colorado, the average total tax liability per tax return has experienced fluctuations over the past decade, peaking at $8,266.67 in 2013 and dipping to its lowest at $7,025.39 in 2019. Recently, in 2021, there has been a noticeable uptick to $8,142.08, suggesting a rebound in the local economy. This trend reflects underlying economic changes and can provide insights for potential investors and residents about the fiscal dynamics in the area.
Cost of Living in Moffat County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,310 | $1,914 | $2,015 | $2,012 | $1,827 |
| 1 adult 4 children | $1,310 | $1,563 | $1,560 | $2,012 | $1,925 |
| 2 adults 3 children | $1,310 | $1,564 | $1,738 | $2,012 | $1,514 |
| 1 adult 3 children | $1,310 | $1,277 | $1,283 | $2,012 | $1,638 |
| 2 adults 2 children | $1,076 | $1,280 | $1,462 | $1,762 | $1,227 |
| 1 adult 2 children | $1,076 | $956 | $1,007 | $1,762 | $1,255 |
| 2 adults 1 child | $1,076 | $1,012 | $1,186 | $947 | $1,003 |
| 1 adult 1 child | $1,076 | $654 | $731 | $947 | $853 |
| 2 adults | $817 | $813 | $910 | $0 | $696 |
| 1 adult | $812 | $443 | $455 | $0 | $603 |
Safety trends & Data
Property Crime Trends in Moffat County, CO Over the Last 5 Years
Property crime trends in Moffat County, Colorado reveal a decrease in many crime categories from 2018 to 2022. Notably, larceny-theft, which saw 86 incidents in 2018, dropped significantly to 33 incidents by 2022. Burglary cases also declined from 18 in 2018 to 5 in 2022. Vandalism remained relatively stable, fluctuating slightly and ending at 16 incidents in 2022. New categories such as stolen property and forgery began appearing, suggesting possible shifts in criminal behavior over the years. These trends might indicate improving local law enforcement effectiveness or broader socio-economic changes, making the county potentially more attractive for investors and new residents.
Demographics
Moffat County, Colorado presents a moderately balanced gender ratio and a predominantly White demographic. While the age pool is somewhat spread out, the largest clusters are seen among those aged 25 to 34 years, and the 55 to 64 demographic showing potential signs of an aging population. Educationally, a majority hold a high school diploma or some college, but there's a notable portion with no diploma or higher education, which might indicate a workforce with limited formal education. These... Read more
Race Distribution in Moffat County, Colorado (2022)
Educational Attainment in Moffat County, Colorado (2022)
Age Distribution in Moffat County, Colorado
Citizen Population in Moffat County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Moffat County, Colorado, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, which garnered an estimated 80.7% of the votes. This stands in stark contrast to the Democratic party, which received roughly 17.1%. Smaller parties like the Libertarian and Green parties captured noticeably minimal shares.
80.70% of voters voted for the Republican party in the 2020 Presidential Election
17.12% of voters voted for the Democrat party in the 2020 Presidential Election
1.38% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.70% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Moffat County, Colorado over the last 10 years
Over the past decade, Moffat County, Colorado has experienced fluctuations in its student-to-teacher ratio, with peaks in 2017 and 2023 reaching just over 16 students per teacher. Throughout most years, the ratios hovered above the national average of 14, suggesting slightly larger class sizes compared to the rest of the United States. Investors, educators, and residents might find these shifts crucial; smaller ratios could indicate more personalized attention for students, enhancing the appeal for families considering a move. For appraisers and real estate agents, understanding these trends could influence property values, while insurance agents may need to accommodate for potentially variable educational outcomes in their risk assessments.
