Park County Market Trends
Median Value of Occupied Housing Units in Park County, Colorado Over the Last 8 Years
Over the past eight years, Park County, Colorado has seen median home values rise from $244,800 in 2015 to $458,600 in 2022. This growth, while impressive on its own, is particularly intriguing when contrasted with the broader state trends, where Colorado's median home values increased from $247,800 to $465,900 over the same period. Nationally, the median home value saw a jump from $125,500 to $179,400, making Park County's growth appear more robust compared to the national average. Such significant increases make Park County a potentially lucrative area for real estate investment and an interesting option for those considering relocation within Colorado.
Residential Energy Tax Credit Per Tax Return in Park County, CO Over the Last 9 Years
Over the past nine years, Park County, Colorado has seen significant fluctuations in the average residential energy tax credit per tax return. The trend shows a major peak in 2018 with an average of $3,012.50, considerably higher than previous years, indicating increased investments in energy-efficient improvements. Despite a subsequent dip, the figures stabilized close to $2,000.00 in recent years. This suggests enduring attention towards energy-saving upgrades, making Park County an appealing spot for eco-conscious homeowners and investors focused on sustainable living.
Average Real Estate Taxes Per Tax Return in Park County, CO Over the Last 10 Years
Park County, Colorado has seen notable fluctuations in average real estate taxes per tax return over the last decade, increasing from $1,657.66 in 2012 to a peak of $2,891.58 in 2020 before slightly dropping to $2,730.34 in 2021. These shifts could suggest escalating property values or changes in tax policies, making it essential for potential investors and current residents to stay informed about potential financial impacts. With taxes generally trending upwards, keeping an eye on this data is crucial for budgeting and financial planning.
Percentage of Farm Returns in Park County, CO Over the Last 10 Years
Over the past decade, Park County, Colorado has seen a slight decline in the percentage of farm tax returns filed. Starting from a peak of 2.00% in 2013, it has gradually decreased, landing at 1.45% in 2021. This trend might hint at a shift away from agriculture-based economics in the area or could indicate broader economic or environmental challenges impacting farming. For potential investors, residents, or developers, recognizing this downward trend in farm returns could be crucial when evaluating the region's economic viability and resilience.
Number of Mortgages by Occupancy Type in Park County, CO Over the Last 5 Years in Park County
Over the last five years in Park County, Colorado, there has been a notable fluctuation in mortgage counts across different occupancy types. Principal residences have consistently dominated, with counts peaking at over 3100 in 2020 and 2021, before dropping sharply in 2022. Investment properties and second residences have also seen ebb and flow, though on a smaller scale. These shifts matter as they can signal changes in demand for primary homes versus investment or vacation properties, impacting property values, rental market conditions, and local economic stability. For investors, real estate agents, and builders, understanding these trends can guide better decision-making in terms of where to allocate resources and marketing efforts. Appraisers and insurance agents might find these trends useful for risk assessment and determining appropriate pricing strategies.
Economic Outlook
Average Taxable Income per Tax Return in Park County, CO over the last 9 years
Park County, CO has seen a steady increase in average taxable income per tax return over the last nine years, jumping from $60,035.72 in 2013 to $83,559.55 in 2021. This upward trend can significantly impact the local economy by attracting investors, boosting property values, and offering a higher tax base for community improvements. Whether you're considering moving, investing, or developing real estate in Park County, this consistent growth in income levels suggests a financially healthy and dynamic region poised for continued prosperity.
Average State and Local Income Taxes Per Tax Return in Park County, CO Over the Last 10 Years
Park County, CO has experienced a steady increase in average state and local income taxes per tax return over the past decade, climbing from $3,830.29 in 2012 to $6,877.53 in 2021. This upward trend signifies a growing tax burden on residents, potentially reflecting broader economic changes or increased local government spending. For potential movers and current residents, understanding this rise is crucial for financial planning and gauging the cost of living adjustments needed to maintain economic stability.
Average Total Tax Liability Per Tax Return in Park County, CO Over the Last 10 Years
Over the past decade, Park County, Colorado has experienced a notable increase in average total tax liability per tax return, climbing from $8,291.01 in 2012 to $12,567.09 in 2021. The most significant jumps occurred in the years 2017 and 2021, indicating a rapidly changing financial landscape. This trend is essential for prospective investors and residents, reflecting the evolving economic conditions and potentially impacting property investments and cost of living considerations in the county.
Cost of Living in Park County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,089 | $1,926 | $1,479 | $2,769 | $2,475 |
| 1 adult 4 children | $2,089 | $1,573 | $1,141 | $2,769 | $2,550 |
| 2 adults 3 children | $2,089 | $1,574 | $1,278 | $2,769 | $2,197 |
| 1 adult 3 children | $2,089 | $1,285 | $940 | $2,769 | $2,363 |
| 2 adults 2 children | $1,583 | $1,288 | $1,077 | $2,411 | $1,732 |
| 1 adult 2 children | $1,583 | $962 | $739 | $2,411 | $1,819 |
| 2 adults 1 child | $1,583 | $1,018 | $876 | $1,250 | $1,258 |
| 1 adult 1 child | $1,583 | $658 | $538 | $1,250 | $1,278 |
| 2 adults | $1,312 | $818 | $675 | $0 | $896 |
| 1 adult | $1,186 | $446 | $338 | $0 | $792 |
Safety trends & Data
Property Crime Trends in Park County, CO Over the Last 5 Years
Park County, Colorado has seen relatively low and stable property crime rates over the past five years, though there are variations among crime types. While burglary incidents hover around two annually, larceny-theft figures fluctuate between three and five. Motor vehicle thefts remain consistent, with minor variations. Notably, vandalism peaked in 2019 with twelve reported cases, but significantly decreased in subsequent years. There was also an introduction of fraud and arson cases in 2021. This suggests a generally secure environment with occasional spikes in specific crime categories.
Demographics
The adult population in Park County, Colorado skews slightly male with 8013 men compared to 6883 women. Educational attainment reveals a robust presence of higher education, with nearly an equal split between high school graduates, some college experience, and bachelor's degree holders. Most residents are 55 years and older, suggesting an aging population. The racial composition is predominantly White, alongside minimal representation from other racial groups, signaling limited diversity. This... Read more
Race Distribution in Park County, Colorado (2022)
Educational Attainment in Park County, Colorado (2022)
Age Distribution in Park County, Colorado
Citizen Population in Park County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Park County, Colorado, the 2020 U.S. Presidential Election results indicated a clear lean towards the Republican party, which likely speaks to the region's conservative tilt. Democrats garnered a substantial minority, suggesting the presence of some political diversity. The Libertarian and Green parties, while much smaller, still appeared to have dedicated followings. These trends may provide insights into the political landscape and voter priorities in this area.
56.88% of voters voted for the Republican party in the 2020 Presidential Election
39.89% of voters voted for the Democrat party in the 2020 Presidential Election
1.94% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Green party in the 2020 Presidential Election
0.84% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Park County, Colorado over the last 10 years
Over the last decade, Park County, Colorado, has seen notable fluctuations in its student-to-teacher ratio, peaking at 16 in 2018 before gradually decreasing to almost 13 in 2023. This trending below the national average of 14 students per teacher could signify improved educational quality, potentially attracting families prioritizing education. For investors in real estate, understanding these trends is crucial as lower student-to-teacher ratios often correlate with higher community engagement and stronger educational outcomes, enhancing the appeal of local properties. Appraisers and insurance agents might find these metrics useful for assessing community value and potential risks, while educators and school planners can utilize this data to better allocate resources and forecast needs.
