Rio Blanco County Market Trends
Median Value of Occupied Housing Units in Rio Blanco County, Colorado Over the Last 8 Years
Rio Blanco County, Colorado's median home values have experienced fluctuating trends over the past 8 years, starting at $204,800 in 2015 and reaching $231,800 by 2022. While the county's values show moderate growth, they're markedly lower when compared to Colorado's median values, which escalated from $247,800 to $465,900 during the same period. Nationally, the rise is more gradual, moving from $125,500 to $179,400. This suggests that Rio Blanco County offers relatively affordable housing options within Colorado, which might appeal to investors or buyers looking for lower entry points in the state's real estate market.
Residential Energy Tax Credit Per Tax Return in Rio Blanco County, CO Over the Last 5 Years
Residential energy tax credits in Rio Blanco County, Colorado have seen significant fluctuations over the past five years. Notably, the average credit plummeted from $350.00 in 2013 to around $200.00 in 2014, reflecting a possible drop in energy-efficient home upgrades or changes in state incentives. However, a dramatic spike to $1,300.00 in 2021 indicates a renewed interest or improved incentives for residential energy improvements, which might be appealing for potential investors or homeowners focused on sustainability.
Average Real Estate Taxes Per Tax Return in Rio Blanco County, CO Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Rio Blanco County, Colorado, have seen notable fluctuations, with a more defined upward trend since 2016. The highest recorded value was in 2021 at $1754.55, up from $1134.21 in 2012. This surge might suggest increasing property values and possibly improved local infrastructure or services. For investors and home buyers, these trends could indicate a growing market, while current residents might need to factor in consistent rising taxes in their financial planning.
Percentage of Farm Returns in Rio Blanco County, CO Over the Last 10 Years
Rio Blanco County, Colorado saw a generally stable percentage of farm tax returns over the last decade, with values hovering around the 8.0% to 8.5% mark. There were minor fluctuations, peaking slightly at 8.51% in 2013 and 2014, and dipping to about 7.74% in 2021. Farm tax returns represent the portion of total filed tax returns attributed to farming operations, highlighting the area's agricultural activities. For investors, builders, and movers, this stability suggests a consistent agricultural presence which could mean reliable land use patterns and potential for related economic activities.
Number of Mortgages by Occupancy Type in Rio Blanco County, CO Over the Last 5 Years in Rio Blanco County
In Rio Blanco County, Colorado, the number of mortgages for principal residences has generally been on the rise, peaking significantly in 2021 with 560 counts before dropping to 367 in 2022. Investment properties and second residences, while less common, have shown more modest fluctuations over the same period. These trends can influence investment decisions, as a high demand for principal residences may indicate strong local job market and appealing living conditions. Conversely, the relatively stable numbers of investment properties and second residences suggest more measured interest from non-primary residents, which could impact property values and rental market dynamics. Appraisers and real estate agents might find the varying demand useful in valuation and advising clients. Additionally, insurance agents could consider these patterns when assessing risk profiles for different property types.
Economic Outlook
Average Taxable Income per Tax Return in Rio Blanco County, CO over the last 9 years
Rio Blanco County, CO has experienced notable fluctuations in average taxable income per tax return over the past nine years, peaking significantly in 2021 at $72,861.35, a considerable jump from its values in previous years. Although there were occasional declines, such as in 2016 with $57,354.44, the overall trend has been an upward trajectory, signaling growing economic prosperity. This pattern could attract potential investors, homebuyers, and developers, presenting a compelling case for the county as a thriving environment for financial stability and growth.
Average State and Local Income Taxes Per Tax Return in Rio Blanco County, CO Over the Last 10 Years
In Rio Blanco County, CO, average state and local income taxes per tax return have shown significant fluctuations over the last decade. Between 2012 and 2017, taxes remained relatively stable, hovering around the $4,300 to $4,500 mark. However, 2018 saw a sharp increase to $7,083.33, followed by a decline in subsequent years, stabilizing around $5,500 from 2019 to 2021. This variability impacts both newcomers and current residents, signaling shifts in economic policies and local government funding needs that potential movers should consider.
Average Total Tax Liability Per Tax Return in Rio Blanco County, CO Over the Last 10 Years
Over the last decade, Rio Blanco County, Colorado, has seen significant fluctuations in average tax liabilities per tax return. Notably, there was a jump in 2021 with an average liability of $10,414.16, which stands out against prior years where liabilities hovered around $8,000 to $8,700. The sharp rise in 2021 suggests economic changes potentially driven by shifts in income levels, property values, or local economic conditions. This volatility underscores both opportunities and risks for investors and residents, impacting financial planning and property investments in the area.
Cost of Living in Rio Blanco County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,261 | $1,576 | $2,015 | $1,702 | $1,572 |
| 1 adult 4 children | $1,261 | $1,287 | $1,560 | $1,702 | $1,682 |
| 2 adults 3 children | $1,261 | $1,288 | $1,738 | $1,702 | $1,282 |
| 1 adult 3 children | $1,261 | $1,051 | $1,283 | $1,702 | $1,406 |
| 2 adults 2 children | $995 | $1,054 | $1,462 | $1,493 | $1,036 |
| 1 adult 2 children | $995 | $787 | $1,007 | $1,493 | $1,062 |
| 2 adults 1 child | $995 | $833 | $1,186 | $813 | $906 |
| 1 adult 1 child | $995 | $538 | $731 | $813 | $773 |
| 2 adults | $756 | $669 | $910 | $0 | $665 |
| 1 adult | $751 | $365 | $455 | $0 | $578 |
Safety trends & Data
Property Crime Trends in Rio Blanco County, CO Over the Last 5 Years
Property crime rates in Rio Blanco County, Colorado have shown fluctuations over the last five years, with notable increases in larceny-theft and vandalism incidents. In 2022, larceny-theft incidents spiked to 6.00 from only 1.00 in 2020, while vandalism mirrored this trend with a rise to 6.00. Motor vehicle thefts also varied, peaking at 3.00 in 2021. These inconsistencies could signal shifting trends in criminal behavior or enforcement and may impact decisions for investors or residents considering this area.
Demographics
Rio Blanco County in Colorado has a fairly balanced gender distribution with a slight male majority. Most residents have at least a high school diploma, but a smaller segment has advanced degrees, suggesting diverse education levels but potential skill gaps. The population skews older, with a considerable portion aged 55 and above, which might signify future healthcare and retirement service needs. Racially, the county is predominantly White, with minimal representation from other races,... Read more
Race Distribution in Rio Blanco County, Colorado (2022)
Educational Attainment in Rio Blanco County, Colorado (2022)
Age Distribution in Rio Blanco County, Colorado
Citizen Population in Rio Blanco County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rio Blanco County, Colorado, a significant majority of voters appear to have leaned Republican, as evidenced by approximately 83% of the vote. Democratic support was notably lower, hovering around 15%, while Libertarians garnered just over 1%. Minor parties like the Green Party and other affiliations collectively secured less than 1% of votes, suggesting that voter preferences in this region could be heavily skewed towards traditional Republican values. This trend might indicate a community with consistent conservative inclinations.
82.93% of voters voted for the Republican party in the 2020 Presidential Election
15.20% 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
0.08% of voters voted for the Green party in the 2020 Presidential Election
0.65% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Rio Blanco County, Colorado over the last 10 years
Rio Blanco County, Colorado has seen its student-to-teacher ratio fluctuate between approximately 14 and 16 students per teacher over the last decade. This variability occasionally puts the county above the national average of 14 students per teacher. A higher student-to-teacher ratio may impact classroom dynamics, suggesting that educators have less individual time to devote to each student, which may concern parents considering relocation and could influence property values. For investors and real estate agents, these trends could hint at potential changes in the desirability of the area, influencing marketability and pricing strategies. Appraisers and insurance agents might find these ratios useful for assessing neighborhood characteristics, while builders can use this information to gauge the need for educational facilities or community amenities.
