Montezuma County Market Trends
Median Value of Occupied Housing Units in Montezuma County, Colorado Over the Last 8 Years
Over the last 8 years, Montezuma County's median home value saw a substantial rise from $180,400 in 2015 to $282,500 in 2022, reflecting a robust growth trend. This increase, though significant, trails Colorado's state-wide surge from $247,800 to $465,900 during the same period. Nationally, the increase is more modest, moving from $125,500 to $179,400. This comparison suggests that while Montezuma County is experiencing considerable appreciation, opportunities for investment might still be more affordable than other parts of Colorado, making it potentially attractive for those looking to make a more budget-conscious move within the state.
Residential Energy Tax Credit Per Tax Return in Montezuma County, CO Over the Last 9 Years
Over the past nine years, Montezuma County, Colorado has seen a significant increase in the average residential energy tax credit per tax return, peaking at $2,933.33 in 2018. This uptick reflects growing investments in energy-efficient home improvements. With such financial incentives consistently trending upwards, homeowners and investors can expect potential future savings and environmental benefits, making the area attractive for eco-conscious buyers and property developers.
Average Real Estate Taxes Per Tax Return in Montezuma County, CO Over the Last 10 Years
Montezuma County, Colorado has seen fluctuating but generally rising average real estate taxes per tax return over the past decade. Starting at approximately $1,462.23 in 2012, there were slight increases and occasional drops until a more significant rise began in 2017. By 2021, the average had climbed to $2,211.90. This increasing trend could be indicative of rising property values and potentially heightened investment interest in the area. For potential investors or residents, this trend may signal the county's growing appeal yet necessitates careful budgeting for increased tax burdens.
Percentage of Farm Returns in Montezuma County, CO Over the Last 10 Years
Montezuma County, Colorado has seen a generally declining trend in the percentage of farm tax returns over the last decade. Starting at around 8.03% in 2012, the rate has gradually decreased to about 5.85% by 2021. This pattern could suggest shifting economic priorities or challenges in the agriculture sector within the county. For anyone considering investing in or moving to Montezuma County, understanding these farm return trends is crucial, as it points to potential shifts in land use and economic focus in the area.
Number of Mortgages by Occupancy Type in Montezuma County, CO Over the Last 5 Years in Montezuma County
In Montezuma County, Colorado, the total number of mortgages has fluctuated over the last five years, with a noticeable spike in principal residences during 2020 and 2021. Mortgages for principal residences consistently outnumbered those for investment and second residences. People looking to invest in or move to this area might find it interesting that the demand for primary homes has been much higher, potentially indicating a growing or stable population. Appraisers and real estate agents should note these trends as they might impact property values and market strategies. Similarly, insurance agents and those looking to build properties may want to consider these occupancy types since they could influence risk assessments and demand for residential space.
Economic Outlook
Average Taxable Income per Tax Return in Montezuma County, CO over the last 9 years
Over the past nine years, Montezuma County, CO has experienced a notable upward trend in average taxable income per tax return, culminating at $64,670.55 in 2021. This sustained growth indicates a potentially strong local economy, making it an attractive area for investment, relocation, and property development.
Average State and Local Income Taxes Per Tax Return in Montezuma County, CO Over the Last 10 Years
Over the past decade, Montezuma County, CO has seen significant fluctuations in state and local income taxes per tax return, with a steady increase from $4,284.11 in 2012 to a peak of $9,954.17 in 2020 followed by a slight decrease in 2021. These changes reflect broader economic trends and potentially shifting tax policies, impacting residents' financial planning and newcomers evaluating the cost of living in the area.
Average Total Tax Liability Per Tax Return in Montezuma County, CO Over the Last 10 Years
Over the past decade, Montezuma County, Colorado has seen fluctuating average total tax liabilities per return, with significant peaks in 2014 ($9,031.92), 2016 ($9,054.21), and a notable rise in 2021 reaching $10,102.40. These changes reflect varying economic conditions, potentially impacting property investments and living costs. Understanding these trends is crucial for anyone considering financial commitments in the region.
Cost of Living in Montezuma County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,366 | $1,484 | $2,015 | $1,702 | $1,545 |
| 1 adult 4 children | $1,366 | $1,212 | $1,560 | $1,702 | $1,690 |
| 2 adults 3 children | $1,366 | $1,212 | $1,738 | $1,702 | $1,289 |
| 1 adult 3 children | $1,366 | $990 | $1,283 | $1,702 | $1,421 |
| 2 adults 2 children | $1,122 | $992 | $1,462 | $1,493 | $1,055 |
| 1 adult 2 children | $1,122 | $741 | $1,007 | $1,493 | $1,095 |
| 2 adults 1 child | $1,122 | $784 | $1,186 | $813 | $927 |
| 1 adult 1 child | $1,122 | $507 | $731 | $813 | $787 |
| 2 adults | $852 | $630 | $910 | $0 | $664 |
| 1 adult | $847 | $344 | $455 | $0 | $599 |
Safety trends & Data
Property Crime Trends in Montezuma County, CO Over the Last 5 Years
Property crime rates in Montezuma County, Colorado have shown varying patterns over the last five years. For those looking to invest, move to, or build property in Montezuma County, the fluctuations in specific crimes are notable. Larceny-theft remains the dominant issue with a peak of 146 incidents in 2019, but it has generally declined to 83 incidents by 2022. Vandalism also sees a significant presence, peaking at 53 cases in 2020 before reducing to 30 by 2022. Burglary trends are less consistent, peaking at 31 incidents in 2020 but fluctuating between 13 and 17 in other years. Motor vehicle thefts have stayed relatively low, never exceeding 15 instances annually. Frauds and arsons contribute to fewer incidents, but fraud has seen a marginal increase. This data might be valuable for insurance agents, appraisers, and real estate professionals planning activities in this county.
Demographics
Montezuma County, Colorado, shows a slight female majority in its adult population, with 10,256 women compared to 9,835 men. Educational attainment reveals a large portion having completed high school or achieved higher education, with significant segments holding associate, bachelor's, and graduate degrees. The age distribution suggests a mature population, particularly concentrated in the 55 to 74 year range. Racially, the county is predominantly White, but there's a notable presence of... Read more
Race Distribution in Montezuma County, Colorado (2022)
Educational Attainment in Montezuma County, Colorado (2022)
Age Distribution in Montezuma County, Colorado
Citizen Population in Montezuma County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montezuma County, Colorado, likely leaned towards the Republican candidate in the 2020 U.S. Presidential Election, with approximately 60% of the vote. The Democratic candidate perhaps garnered around 37.6%, indicating a significant but not overwhelming difference. Third parties collectively might have captured a very small fraction of the vote, suggesting limited influence on the overall outcome.
60.04% of voters voted for the Republican party in the 2020 Presidential Election
37.65% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% 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
0.86% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Montezuma County, Colorado over the last 10 years
Over the last decade, Montezuma County, Colorado has seen a fluctuating student-to-teacher ratio, peaking at an exceptionally high 58 in 2018 before dropping to a more manageable 15 to 17 range in recent years, closer to the national average of 14. These changes in the student-to-teacher ratio could impact property values and desirability for families prioritizing education standards. Lower ratios typically indicate better individual attention in classrooms, which may drive higher demand among families and consequently, influence real estate market trends and property valuations. Appraisers and insurance agents might also consider these figures as part of their assessments, since educational quality can directly affect neighborhood appeal. For those looking to invest or build property, understanding these trends offers a clearer picture of the area's potential growth and community priorities.
