Montrose County Market Trends
Median Value of Occupied Housing Units in Montrose County, Colorado Over the Last 8 Years
Montrose County, Colorado has seen a steady rise in median home values over the past eight years, closing at $314,100 in 2022, up from $190,900 in 2015. This increase significantly outpaces the national median, which stood at $179,400 in 2022, but remains below Colorado's state median of $465,900. Such trends may indicate Montrose County as a developing yet still relatively affordable option within Colorado, making it appealing for those looking to invest, move, or build property in the area.
Residential Energy Tax Credit Per Tax Return in Montrose County, CO Over the Last 9 Years
Over the past nine years, Montrose County, Colorado has seen significant fluctuations in the average residential energy tax credit per tax return. Starting at $456.00 in 2013, the credit reached a high of $4,255.56 in 2018, reflecting substantial investments in energy-efficient home improvements within the area. Although it dipped to $1,986.67 in 2020, the credit remained higher than early-year averages, suggesting ongoing interest and activity in sustainable home updates. This trend indicates a growing emphasis on energy efficiency, offering potential benefits for homeowners, investors, and builders aiming to prioritize eco-friendly construction and renovation.
Average Real Estate Taxes Per Tax Return in Montrose County, CO Over the Last 10 Years
Real estate taxes in Montrose County, Colorado have seen significant fluctuations over the last decade. The average tax per return rose from $1,591.33 in 2012 to $2,696.97 in 2021. Notably, there was a substantial jump between 2017 and 2018, indicating a possible trend or external factor influencing property values or tax rates during that period. This upward trend might be relevant for investors or property developers considering this area, suggesting that while Montrose County could offer long-term gains, rising taxes might also impact overall investment costs.
Percentage of Farm Returns in Montrose County, CO Over the Last 10 Years
Over the last decade, Montrose County, Colorado has seen a gradual decline in the percentage of farm tax returns, dropping from around 5.26% in 2012 to approximately 4.06% in 2021. Farm tax returns are key documents that reflect the number of tax filings specifically from farms. This trend may suggest shifts in land use or economic focus away from agriculture, which could be significant for prospective investors, property developers, and new residents seeking to gauge the future economic landscape and community priorities of the area.
Number of Mortgages by Occupancy Type in Montrose County, CO Over the Last 5 Years in Montrose County
Montrose County, Colorado has seen fluctuations in mortgage counts, with a strong dominance in principal residence mortgages over the last five years. Investment property and second residence mortgages have maintained relatively lower numbers. These changes in occupancy type indicate shifting priorities among buyers, potentially influencing market values and insurance risks. For investors and developers, the data might suggest a lesser focus on transient or rental properties, making it crucial to adapt strategies accordingly. Real estate agents and appraisers should note these trends when assessing property values and demand.
Economic Outlook
Average Taxable Income per Tax Return in Montrose County, CO over the last 9 years
Over the past nine years, average taxable income in Montrose County, CO has steadily increased, with a significant rise from $47,303.50 in 2013 to $66,718.72 in 2021. This growth suggests economic vitality in the region, making it attractive for investors and new residents. The consistent upward trend in incomes indicates a thriving local economy, promising stability and growth potential for property builders and those looking to delve into the community's economic activities.
Average State and Local Income Taxes Per Tax Return in Montrose County, CO Over the Last 10 Years
Over the past decade, Montrose County, CO, has seen a significant rise in state and local income taxes per tax return, starting at $3,857.50 in 2012 and escalating to $8,665.98 by 2021. Notably, there was a sharp increase between 2017 and 2018, from $4,752.56 to $6,940.78, highlighting a trend of escalating financial obligations for residents. For those considering relocating or current residents assessing their financial landscape, understanding these tax trends is crucial for effective financial planning.
Average Total Tax Liability Per Tax Return in Montrose County, CO Over the Last 10 Years
Montrose County, Colorado has seen a significant upward trend in average total tax liability per tax return over the past decade, rising sharply from $7,045.64 in 2012 to $9,959.67 in 2021. This consistent increase, particularly the notable jumps in 2017 and 2021, highlights the rising financial obligations for residents and investors alike, and indicates a growing economic footprint in the region. Such a trend is crucial for potential investors and homeowners to consider, as it impacts both the cost of living and potential returns on investment.
Cost of Living in Montrose County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,509 | $1,556 | $2,015 | $1,702 | $1,628 |
| 1 adult 4 children | $1,509 | $1,271 | $1,560 | $1,702 | $1,755 |
| 2 adults 3 children | $1,509 | $1,271 | $1,738 | $1,702 | $1,359 |
| 1 adult 3 children | $1,509 | $1,038 | $1,283 | $1,702 | $1,493 |
| 2 adults 2 children | $1,062 | $1,041 | $1,462 | $1,493 | $1,029 |
| 1 adult 2 children | $1,062 | $777 | $1,007 | $1,493 | $1,050 |
| 2 adults 1 child | $1,062 | $823 | $1,186 | $813 | $900 |
| 1 adult 1 child | $1,062 | $531 | $731 | $813 | $753 |
| 2 adults | $807 | $661 | $910 | $0 | $641 |
| 1 adult | $801 | $360 | $455 | $0 | $572 |
Safety trends & Data
Property Crime Trends in Montrose County, CO Over the Last 5 Years
Montrose County, Colorado has seen fluctuating property crime rates over the past five years. Larceny-theft remains the most common offense, spiking in 2018 with 226 incidents before dropping to 127 in 2020 and climbing again to 198 in 2021. Vandalism and burglary cases have shown variability, with vandalism peaking at 75 incidents in 2018 and decreasing to 57 by 2022, while burglary numbers slightly increased to 29 in 2022. Fraud incidents saw a significant rise in 2019, reaching 37 cases, before stabilizing in the subsequent years. Investment considerations should account for these trends, as they reflect a community experiencing both rises and dips in specific property crime categories.
Demographics
Montrose County, Colorado, shows a notable trend with the female population slightly surpassing males in 2022, though the difference is marginal. Educational attainment indicates a significant portion of adults hold at least a high school diploma, but fewer advance to graduate or professional degrees. Age distribution highlights a balanced mix across most age groups, with a discernible increase in those aged 55 and older, suggesting an aging population. Racial diversity seems limited, with the... Read more
Race Distribution in Montrose County, Colorado (2022)
Educational Attainment in Montrose County, Colorado (2022)
Age Distribution in Montrose County, Colorado
Citizen Population in Montrose County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Montrose County, Colorado, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, which garnered approximately 67% of the vote. The Democratic party trailed with about 31%, while minor parties like the Libertarian and Green parties collectively captured less than 2%. This voting pattern hints at a strongly conservative electorate, potentially influencing local and state policy directions.
67.29% of voters voted for the Republican party in the 2020 Presidential Election
30.84% of voters voted for the Democrat party in the 2020 Presidential Election
1.14% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
0.53% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Montrose County, Colorado over the last 10 years
Montrose County, Colorado has seen its student-to-teacher ratio fluctuate over the past decade. Starting at a high of 20 in 2014, the ratio dropped significantly to around 16 in 2015 and 2016, but gradually increased again, hovering near 18 in recent years. This variation is noteworthy when compared to the US national average of 14, potentially impacting decisions of investors, real estate agents, and families considering relocation. District staff may need to assess resource allocation, while investors might weigh the quality of education as part of property value evaluation.
