Saguache County Market Trends
Median Value of Occupied Housing Units in Saguache County, Colorado Over the Last 8 Years
Saguache County's median home values have shown a relatively steady increase over the past eight years, reaching $166,500 in 2022. This is modest when compared to Colorado's more dramatic rise from $247,800 to $465,900 in the same period. Nationally, the median value increased from $125,500 in 2015 to $179,400 in 2022. These figures suggest that while Saguache County offers more affordable housing, it may also present fewer investment opportunities compared to other areas in Colorado. This could appeal to those looking to invest in less competitive markets or seeking a relatively stable residential environment.
Residential Energy Tax Credit Per Tax Return in Saguache County, CO Over the Last 8 Years
Saguache County, Colorado has seen significant growth in the average residential energy tax credit per tax return over the past eight years. Starting at $500.00 in 2013, the figure peaked at $1,783.33 in 2021. This trend highlights increased investments in energy-efficient home improvements, making Saguache an attractive area for eco-conscious investors and homeowners. The substantial rise could also point to local policies or incentives driving sustainable living, beneficial for those considering property development in the region.
Average Real Estate Taxes Per Tax Return in Saguache County, CO Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Saguache County, Colorado, have exhibited noticeable fluctuations. Taxes have generally trended higher, with notable peaks in 2018 at $2,625.00 and 2020 at $2,850.00. These shifts can be intriguing for potential investors or residents, indicating possible changes in property value and local economic conditions. Such variability suggests that those eyeing property investments or a move to this area should closely monitor tax trends as part of their financial planning.
Percentage of Farm Returns in Saguache County, CO Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Saguache County, Colorado has shown a somewhat fluctuating but overall downward trend, decreasing from 8.43% in 2012 to 5.57% in 2021. Farm tax returns, filed by agricultural operations, indicate sector activity and economic contribution. This trend might suggest shifts in the local agricultural economy, possibly influencing investment decisions and property valuations in the area. For those eyeing real estate or ventures in Saguache County, understanding these changes could be vital in strategizing future opportunities or gauging community economic health.
Number of Mortgages by Occupancy Type in Saguache County, CO Over the Last 5 Years in Saguache County
Saguache County, Colorado has seen varying trends in mortgage counts across different occupancy types over the past five years. Principal residences dominate the market, with a notable peak in 2021 at 307 mortgages, though this dropped to 209 by 2022. Investment properties and second residences have remained relatively stable, albeit with fewer transactions, the highest being 41 mortgages for second residences also in 2021. These shifts in occupancy types could signal changes in the desirability for permanent residency versus investment or vacation properties. For investors and real estate agents, understanding these patterns is critical for anticipating market demand. Insurance agents and appraisers may need to adjust their assessments based on these occupancy trends, while prospective homeowners could find the decrease in principal residence mortgages indicative of shifting economic or social factors influencing housing decisions.
Economic Outlook
Average Taxable Income per Tax Return in Saguache County, CO over the last 9 years
Over the past nine years, Saguache County, CO has experienced a notable increase in average taxable income per tax return, rising from $34,490.66 in 2013 to $54,400.87 in 2021. This upward trajectory highlights a significant growth in income levels, particularly after 2018 when the average started surpassing $40,000. Investors and potential residents may find this trend indicative of an improving economic landscape, making the county an attractive destination for investment, development, and relocation.
Average State and Local Income Taxes Per Tax Return in Saguache County, CO Over the Last 10 Years
Saguache County, CO has seen fluctuations in state and local income taxes per tax return over the last decade, with a particularly sharp increase from $3,633.33 in 2016 to a notable peak of $7,850.00 in 2019. This reflects significant variability, which potential residents or investors should consider as it may impact financial planning and cost of living expectations. Most recently, the 2021 figure stands at $6,357.14, indicating a consistent rise despite some decreases in prior years.
Average Total Tax Liability Per Tax Return in Saguache County, CO Over the Last 10 Years
Over the last decade, Saguache County, Colorado has experienced significant fluctuations in average total tax liability per tax return, starting from $6,678.05 in 2012 and peaking at $8,447.22 in 2021. These trends indicate a noteworthy rise in the financial commitments of taxpayers, which could reflect changes in local economic conditions or tax policies. This data is crucial for potential investors or individuals considering moving to or building property in Saguache County, as it highlights the evolving tax landscape and its potential impact on financial planning.
Cost of Living in Saguache County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,117 | $1,448 | $2,013 | $1,311 | $1,311 |
| 1 adult 4 children | $1,117 | $1,182 | $1,559 | $1,311 | $1,430 |
| 2 adults 3 children | $1,117 | $1,183 | $1,737 | $1,311 | $1,068 |
| 1 adult 3 children | $1,117 | $966 | $1,283 | $1,311 | $1,158 |
| 2 adults 2 children | $918 | $968 | $1,461 | $1,136 | $912 |
| 1 adult 2 children | $918 | $723 | $1,007 | $1,136 | $889 |
| 2 adults 1 child | $918 | $765 | $1,185 | $566 | $813 |
| 1 adult 1 child | $918 | $494 | $731 | $566 | $666 |
| 2 adults | $697 | $615 | $909 | $0 | $624 |
| 1 adult | $693 | $335 | $455 | $0 | $553 |
Safety trends & Data
Property Crime Trends in Saguache County, CO Over the Last 5 Years
Saguache County, Colorado has seen fluctuating property crime trends over the last five years, with larceny-theft being the most persistent issue. While vandalism remained relatively stable, burglary incidents showed variations, peaking in certain years. The county also experienced sporadic cases of motor vehicle theft, fraud, and arson. These trends could be critical for potential investors and real estate agents as they indicate areas that might need enhanced security measures, thereby impacting property value and insurance considerations. For those considering building or moving to Saguache County, understanding these crime trends can inform better decision-making regarding neighborhood safety and community stability.
Demographics
In Saguache County, Colorado, the adult population shows a nearly balanced gender ratio, with a slight male majority. Educational attainment is diverse, with most adults having at least a high school diploma, but lower percentages have completed higher education degrees. The age distribution skews older, with significant numbers in the 55+ categories. Racially, the county is predominantly White, with smaller representations of Black, American Indian, Asian, and other races. This blend of... Read more
Race Distribution in Saguache County, Colorado (2022)
Educational Attainment in Saguache County, Colorado (2022)
Age Distribution in Saguache County, Colorado
Citizen Population in Saguache County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Saguache County, Colorado shows a slight edge towards Democratic preference with approximately 55.6% votes, compared to around 41.7% for Republicans in the 2020 Presidential Election. Minor parties like the Libertarians and the Green Party captured modest shares, hovering around 1.2% and 0.4% respectively. This leaning could indicate a localized shift in political alignment or specific issues resonating more strongly with voters in the county.
41.69% of voters voted for the Republican party in the 2020 Presidential Election
55.59% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
1.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Saguache County, Colorado over the last 10 years
Saguache County, Colorado has seen considerable fluctuations in its student-to-teacher ratio over the past decade, reaching a high of 29 in 2019 before stabilizing between 18 and 21 in recent years. This varies significantly from the US national average of 14 students per teacher, suggesting potential challenges in maintaining small class sizes. For investors, educators, and real estate agents, this could indicate both opportunities and drawbacks. Smaller student-to-teacher ratios typically suggest more individualized attention and possibly higher property values, whereas larger ratios might indicate a need for more educational infrastructure, which could affect both property prices and community dynamics.
