Teller County Market Trends
Median Value of Occupied Housing Units in Teller County, Colorado Over the Last 8 Years
Teller County, Colorado has seen a remarkable increase in median home values over the last eight years, jumping from $239,000 in 2015 to $405,500 in 2022. This outpaces both Colorado and national trends, where the state saw an increase from $247,800 to $465,900 and national values rose from $125,500 to $179,400 in the same period. For those considering investment, moving, or property development in Teller County, the region presents an intriguing opportunity due to its robust appreciation rate compared to both state and national averages.
Residential Energy Tax Credit Per Tax Return in Teller County, CO Over the Last 9 Years
Residential energy tax credits in Teller County, Colorado have shown significant fluctuations over the past nine years, peaking at $3,080.00 in 2018. This trend suggests growing investment in energy-efficient home improvements, which could enhance property values and appeal to eco-conscious buyers. Investors and property developers should note the high average credits, particularly the steady rise from 2019 to 2021, indicating a consistent demand for energy-efficient technologies in residential properties.
Average Real Estate Taxes Per Tax Return in Teller County, CO Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Teller County, Colorado, have shown a clear upward trend, with notable increases beginning around 2016. From $1,776.41 in 2012, the taxes have surged to $2,969.64 by 2021, indicating a context of rising property values and possibly an expanding tax base. These changes are important for potential investors, residents, and property developers as they reflect overall economic growth in the area, albeit with higher carrying costs for property ownership.
Percentage of Farm Returns in Teller County, CO Over the Last 10 Years
Farm tax returns in Teller County, Colorado have seen a slight but noticeable decline over the past decade. In 2012, the percentage of these returns was roughly 1.07%, rising modestly to about 1.16% in 2013, but consistently decreasing afterwards, settling at approximately 0.83% by 2021. For those considering investment or property development in Teller County, or simply interested in local agricultural trends, these fluctuations might suggest changes in farming viability or profitability. In the context of farm tax returns, these figures indicate the proportion of taxpayers reporting farm income, reflecting broader economic trends and possibly influencing future agricultural investments.
Number of Mortgages by Occupancy Type in Teller County, CO Over the Last 5 Years in Teller County
Changes in the occupancy type of mortgages in Teller County, Colorado, reveal shifting residential and investment patterns over the past five years. Principal residences have consistently dominated the mortgage market, hinting at a stable or growing local population looking to establish long-term homes. Investment property mortgages have seen notable fluctuations, which might suggest varying interest in the area for rental or speculative investment purposes. Second residences also show varying interest but remain a smaller segment, indicating that the region is not primarily a vacation home market. These trends are crucial for investors gauging rental demand, appraisers assessing property values, insurance agents estimating risk levels, and real estate agents advising clients on market conditions.
Economic Outlook
Average Taxable Income per Tax Return in Teller County, CO over the last 9 years
Teller County, CO has seen a steady rise in average taxable income per tax return over the past nine years, culminating in $83,308.12 in 2021. This upward trend, from $60,005.63 in 2013, indicates robust economic growth and increasing affluence in the area, making it an attractive location for potential investors, homebuyers, and developers. This growth period suggests potential for further development and sustained economic stability, which could appeal to those looking to capitalize on a rising market.
Average State and Local Income Taxes Per Tax Return in Teller County, CO Over the Last 10 Years
Over the last decade, Teller County, CO has experienced a significant rise in average state and local income taxes per tax return, increasing from $4,057.34 in 2012 to $7,955.45 in 2021. The upward trend, particularly sharp since 2018, can impact financial planning for potential and current residents, indicating rising tax liabilities in the area and potentially higher costs of living.
Average Total Tax Liability Per Tax Return in Teller County, CO Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Teller County, Colorado has seen a steady increase, from $8,287.54 in 2012 to an eye-opening $12,612.88 in 2021. Particularly notable is the sharp rise in 2017 and 2021, where the values jumped significantly to $10,476.31 and $12,612.88, respectively. This trend suggests a growing economic base, likely fueled by higher incomes and property values, making Teller County an attractive spot for potential investors and residents seeking long-term growth.
Cost of Living in Teller County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,910 | $1,560 | $1,674 | $2,769 | $2,208 |
| 1 adult 4 children | $1,910 | $1,274 | $1,292 | $2,769 | $2,330 |
| 2 adults 3 children | $1,910 | $1,275 | $1,446 | $2,769 | $1,923 |
| 1 adult 3 children | $1,910 | $1,041 | $1,064 | $2,769 | $2,113 |
| 2 adults 2 children | $1,344 | $1,043 | $1,219 | $2,411 | $1,443 |
| 1 adult 2 children | $1,344 | $779 | $837 | $2,411 | $1,554 |
| 2 adults 1 child | $1,344 | $825 | $991 | $1,250 | $1,094 |
| 1 adult 1 child | $1,344 | $533 | $609 | $1,250 | $1,059 |
| 2 adults | $1,122 | $663 | $764 | $0 | $761 |
| 1 adult | $899 | $361 | $382 | $0 | $610 |
Safety trends & Data
Property Crime Trends in Teller County, CO Over the Last 5 Years
Teller County, Colorado has seen varying trends in property crimes over the last five years. Notably, larceny-theft incidents have generally trended downward from 60.00 in 2018 to 34.00 in 2022. Motor vehicle theft saw a significant increase in 2022, jumping to 14.00 from lower figures in previous years. Key concerns for investors or those considering relocation might include the consistent occurrence of vandalism and fraud, showing relatively stable yet moderate levels annually. These patterns could impact property values and influence insurance premiums, making it essential for real estate agents, buyers, and appraisers to stay updated on these statistics.
Demographics
Teller County, Colorado presents an intriguing demographic landscape. The adult population is nearly evenly split, with a slight male majority. Education levels indicate a well-educated community, with a substantial number holding at least a bachelor's degree. Age-wise, a prominence of middle-aged and older adults could point to a need for services catering to these groups. Racially, the county is overwhelmingly white, with minimal diversity across other racial groups. These trends may... Read more
Race Distribution in Teller County, Colorado (2022)
Educational Attainment in Teller County, Colorado (2022)
Age Distribution in Teller County, Colorado
Citizen Population in Teller County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Teller County, Colorado, potentially showcases a strong Republican leaning, with over 66% of the votes in the 2020 U.S. Presidential Election going to the Republican candidate. The Democratic party trails significantly, capturing around 31% of the votes. Other parties, including Libertarian and Green, barely make a dent, collectively gathering less than 2% of the total votes. This dynamic might illustrate a notable conservative inclination in the region's political landscape.
66.36% of voters voted for the Republican party in the 2020 Presidential Election
31.16% of voters voted for the Democrat party in the 2020 Presidential Election
1.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.76% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Teller County, Colorado over the last 10 years
Over the past decade, Teller County, Colorado has seen fluctuations in its student-to-teacher ratios, with a notable drop from 16 students per teacher in 2014 to just over 14 in 2023. The most significant decrease occurred between 2019 and 2021, dipping below the national average of 14 students per teacher. For potential residents, investors, and real estate professionals, these lower ratios could indicate a more personalized educational environment, potentially boosting the area's appeal. Meanwhile, appraisers and insurance agents might consider the improved quality of education a sign of a stable or rising local property market.
