Prowers County Market Trends
Median Value of Occupied Housing Units in Prowers County, Colorado Over the Last 8 Years
Prowers County, Colorado has experienced interesting trends in median home values over the past eight years, with numbers starting at $87,400 in 2015 and reaching $120,200 by 2022. Compared to Colorado's state median, which leaped from $247,800 to $465,900 in the same period, and the national median rising from $125,500 to $179,400, Prowers County presents a much slower growth rate. This disparity may hint at more affordable opportunities for potential homebuyers and investors in the county, contrasting sharply with the steep increases seen statewide and across the country.
Residential Energy Tax Credit Per Tax Return in Prowers County, CO Over the Last 7 Years
The trend in residential energy tax credits per tax return in Prowers County, Colorado, has shown a significant increase over the last seven years. Starting at $283.33 in 2013, the credit saw fluctuations before skyrocketing to $1,000.00 in 2020, reflecting growing incentives for energy-efficient investments. This suggests a favorable environment for adopting renewable energy technologies, making Prowers County an attractive location for energy-conscious residents and investors.
Average Real Estate Taxes Per Tax Return in Prowers County, CO Over the Last 10 Years
In Prowers County, Colorado, real estate taxes per tax return have experienced noticeable fluctuations over the past decade, with values ranging from around $846.67 to $1,237.50. The trend shows a significant increase post-2018, highlighting a potential shift in property tax policies or rising property values in the area. This variation may impact decisions for potential investors and property developers as well as current residents considering the tax implications of their investments.
Percentage of Farm Returns in Prowers County, CO Over the Last 10 Years
Prowers County, Colorado, seems to have a slight downward trend in the percentage of farm tax returns over the past decade, falling from around 10% in 2012 to approximately 7.93% in 2021. Farm tax returns typically indicate the number of residents filing taxes related to farm income, reflecting both agricultural vitality and economic dependency on farming. For potential investors or those considering moving or building property in Prowers County, this trend might suggest a modest decline in local farming activities or shifts towards other economic opportunities. However, subtle upticks in certain years indicate potential areas of resilience or recovery.
Number of Mortgages by Occupancy Type in Prowers County, CO Over the Last 5 Years in Prowers County
Changes in occupancy types for mortgage counts in Prowers County, Colorado hint towards a few noteworthy trends. Principal residence mortgages consistently dominate the scene, peaking at 354 in 2021, suggesting strong local demand for primary homes. In contrast, investment properties have seen a steady decline, from 23 in 2018 to just 7 or 10 in recent years, potentially indicating less interest from property investors. Second residences have hovered at minimal levels throughout, implying that vacation or secondary homes are not a major trend here. These shifts can influence market dynamics, impacting real estate pricing, investment opportunities, and loan risk assessments for appraisers and insurance agents alike, as local demand strongly favors primary residential properties.
Economic Outlook
Average Taxable Income per Tax Return in Prowers County, CO over the last 9 years
Prowers County, CO has seen a notable uptick in the average taxable income per tax return over the past nine years, reaching $50,293.62 in 2021. This growth is indicative of the county's economic resilience and rising prosperity. For investors, this trend signals a robust local economy, making it an attractive destination for potential investments or property development. Similarly, for individuals considering moving to or already living in the area, the steadily increasing incomes suggest positive opportunities for financial stability and community growth.
Average State and Local Income Taxes Per Tax Return in Prowers County, CO Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Prowers County, CO have shown significant fluctuations. After peaking at $5,761.70 in 2016, the value dipped to $4,797.87 in 2017, surged to $6,350.00 by 2018, and reached a high of $7,700.00 in 2021. These changing tax trends could impact budgeting for prospective residents and signal varying economic conditions in the region. The dramatic rise in 2021 may indicate higher incomes or adjusted tax rates, both crucial considerations for anyone planning to move to or continue living in Prowers County.
Average Total Tax Liability Per Tax Return in Prowers County, CO Over the Last 10 Years
Prowers County, Colorado has witnessed a general decline in the average total tax liability per tax return over the past decade, dropping from $7,828.62 in 2012 to $6,771.01 in 2021. However, the trend shows some fluctuations, with notable dips below $6,500 around 2018 and 2019, suggesting potential economic stress or reduced income during those periods. This trend is crucial for prospective investors and residents as it may reflect broader economic conditions in the county, influencing decisions on property investments and long-term residence plans.
Cost of Living in Prowers County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,106 | $1,267 | $2,013 | $1,311 | $1,166 |
| 1 adult 4 children | $1,106 | $1,035 | $1,559 | $1,311 | $1,277 |
| 2 adults 3 children | $1,106 | $1,035 | $1,737 | $1,311 | $948 |
| 1 adult 3 children | $1,106 | $845 | $1,283 | $1,311 | $1,030 |
| 2 adults 2 children | $909 | $847 | $1,461 | $1,136 | $833 |
| 1 adult 2 children | $909 | $633 | $1,007 | $1,136 | $797 |
| 2 adults 1 child | $909 | $670 | $1,185 | $566 | $745 |
| 1 adult 1 child | $909 | $432 | $731 | $566 | $616 |
| 2 adults | $691 | $538 | $909 | $0 | $574 |
| 1 adult | $686 | $293 | $455 | $0 | $521 |
Safety trends & Data
Property Crime Trends in Prowers County, CO Over the Last 5 Years
Property crime trends in Prowers County, Colorado, show some interesting dynamics over the past five years. The overall number of larceny-theft cases peaked in 2020 at 47.0 but saw a significant drop to 15.0 by 2022. Vandalism cases also fluctuated, with a noticeable rise in 2020 at 19.0 and reaching a high of 21.0 in 2021, before declining to 13.0 in 2022. Burglary incidents spiked in 2021 at 15.0 but averaged around 6.0 to 8.0 in other years. These trends suggest a variable pattern in property crimes, crucial for potential investors, real estate agents, and local policymakers to monitor closely for informed decisions.
Demographics
Prowers County, Colorado, shows a fairly balanced adult population with males slightly outnumbering females. Educational attainment is diverse but skewed towards high school graduates and those with some college education, while fewer residents hold a bachelor's or higher degree. Age distribution reveals a community with significant young and middle-aged groups, with fewer individuals in older age brackets, hinting at a stable but not rapidly aging population. The racial composition is... Read more
Race Distribution in Prowers County, Colorado (2022)
Educational Attainment in Prowers County, Colorado (2022)
Age Distribution in Prowers County, Colorado
Citizen Population in Prowers County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Prowers County, Colorado, reveals a significant tilt towards the Republican Party, who garnered just over 72% of the votes in the 2020 U.S. Presidential Election. Democrats managed to secure around 26%, while third-party candidates, including Libertarians and Greens, collectively attracted minimal support, totaling less than 2%. These numbers might suggest a strong Republican presence, hinting at the party's robust infrastructure or voter alignment in this particular county.
72.07% of voters voted for the Republican party in the 2020 Presidential Election
26.22% of voters voted for the Democrat party in the 2020 Presidential Election
0.70% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Green party in the 2020 Presidential Election
0.85% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Prowers County, Colorado over the last 10 years
Over the past decade, Prowers County, Colorado has experienced fluctuations in its student-to-teacher ratio, which hovered slightly above the national average of 14 students per teacher in most years. The ratio peaked in 2017 and 2022 at around 15, which could suggest variability in staffing or enrollment trends that might be significant for those evaluating the educational environment. Investors, new residents, appraisers, insurance agents, property developers, and real estate professionals might consider these changes when assessing the appeal and infrastructure needs of the county, with high ratios potentially indicating greater classroom sizes and the need for more educational resources.
