Washington County Market Trends
Median Value of Occupied Housing Units in Washington County, Colorado Over the Last 8 Years
Washington County, Colorado has seen a consistent rise in median home values from $113,200 in 2015 to $208,300 in 2022, reflecting a solid growth trend. In contrast, Colorado's median home value surged from $247,800 to $465,900 in the same period, outpacing the national increase from $125,500 to $179,400. While Washington County remains more affordable than the state average, its value appreciation may signal potential investment opportunities, especially for those seeking to capitalize on upward trends in less saturated markets.
Average Real Estate Taxes Per Tax Return in Washington County, CO Over the Last 10 Years
Real estate taxes in Washington County, Colorado have shown a marked increase over the past decade, climbing from around $978.26 per tax return in 2012 to $1,633.33 in 2021. This upward trend might indicate a growing demand for property and possible appreciation in property values. For potential investors or residents, this could suggest that Washington County is experiencing economic growth, but it also implies higher carrying costs for homeowners. This trend is crucial for anyone considering property investments, relocating, or current residents planning their budgets.
Percentage of Farm Returns in Washington County, CO Over the Last 10 Years
In Washington County, Colorado, farm tax returns have fluctuated from 23.86% to 24.26% over the past decade, showing a slight but notable decrease to 21.56% in 2021. Investors might be interested in these trends as they could indicate shifts in agricultural productivity or changes in farming practices. Understanding these variations is crucial for those looking to build or buy property in the area, as they may reflect broader economic patterns impacting land value and the local economy.
Number of Mortgages by Occupancy Type in Washington County, CO Over the Last 5 Years in Washington County
Over the last five years in Washington County, Colorado, the majority of mortgage activity has been attributed to principal residences, dwarfing investments or second homes. An uptick in investment property mortgages, especially notable in 2020, could indicate a growing interest in rental or commercial properties, potentially impacting housing availability and market dynamics. For investors, this data suggests there might be increasing competition or opportunity in rental markets. For appraisers and insurance agents, shifts in occupancy types can influence property evaluations and risk assessments. Factors such as these can affect local real estate trends, impacting decisions for those looking to buy, sell, or develop property in the area.
Economic Outlook
Average Taxable Income per Tax Return in Washington County, CO over the last 9 years
Washington County, CO has seen fluctuations in average taxable income per tax return over the past nine years, peaking at $54,977.73 in 2021 while hitting a low of $45,554.73 in 2017. Despite some years of decline, recent figures indicate a strong upward trend, suggesting enhanced economic conditions potentially driven by local growth or investment opportunities. This performance makes Washington County an appealing prospect for investors seeking stable, upward income trajectories.
Average State and Local Income Taxes Per Tax Return in Washington County, CO Over the Last 10 Years
Over the last decade, Washington County, CO experienced notable fluctuations in average state and local income taxes per tax return, ranging from a low of $3,283.33 in 2018 to a high of $6,100.00 in 2020 and 2021. The initial years saw a gradual increase, peaking in 2013 at $4,564.00, followed by a decline until 2018, which then surged dramatically in the subsequent years. This volatility highlights the economic resilience and potential tax policy changes impacting residents, which may be critical for new residents to consider when planning their financial future in the county.
Average Total Tax Liability Per Tax Return in Washington County, CO Over the Last 10 Years
Over the past decade, Washington County, Colorado has seen a fluctuating average total tax liability per tax return. Starting at $7,953.02 in 2012, it dipped to $6,137.50 in 2019, before climbing back to $7,357.58 in 2021. These variations highlight economic changes influencing residents’ tax burdens, which can be crucial for investors assessing economic stability, or for potential homeowners planning long-term financial commitments. Slight upward trends in recent years may also suggest recovering economic conditions that could benefit new business ventures.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,242 | $1,355 | $2,013 | $1,311 | $1,330 |
| 1 adult 4 children | $1,242 | $1,107 | $1,559 | $1,311 | $1,461 |
| 2 adults 3 children | $1,242 | $1,107 | $1,737 | $1,311 | $1,094 |
| 1 adult 3 children | $1,242 | $904 | $1,283 | $1,311 | $1,197 |
| 2 adults 2 children | $975 | $906 | $1,461 | $1,136 | $913 |
| 1 adult 2 children | $975 | $677 | $1,007 | $1,136 | $899 |
| 2 adults 1 child | $975 | $716 | $1,185 | $566 | $819 |
| 1 adult 1 child | $975 | $463 | $731 | $566 | $679 |
| 2 adults | $863 | $575 | $909 | $0 | $671 |
| 1 adult | $801 | $314 | $455 | $0 | $586 |
Safety trends & Data
Property Crime Trends in Washington County, CO Over the Last 5 Years
Washington County, Colorado has experienced fluctuating property crime trends over the past five years, posing notable considerations for investors, residents, and real estate stakeholders. While vandalism remains a persistent issue with cases peaking at seven in 2020, categories like motor vehicle theft and larceny-theft exhibit variable instances, signaling an unpredictable environment. The presence of diverse crime types such as burglary, fraud, and arson, though relatively lower in frequency, indicates a broad spectrum of risks that may influence property values and necessitate nuanced insurance strategies.
Demographics
Washington County, Colorado shows an adult population leaning slightly more male, while the bulk of residents have at least a high school diploma, though there are small pockets with less education. The age distribution highlights a balanced mix across most age groups, with noticeable increases in the 35 to 44 and 55 to 64 brackets. Racial diversity appears limited with a predominant White majority, and minimal representation from other racial groups. Such data could hint at potential areas for... Read more
Race Distribution in Washington County, Colorado (2022)
Educational Attainment in Washington County, Colorado (2022)
Age Distribution in Washington County, Colorado
Citizen Population in Washington County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washington County, Colorado, saw a notable inclination toward Republican candidates in the 2020 U.S. Presidential Election, with Republicans potentially capturing around 86% of the vote. Democrats might have received about 12%, while other parties, including Libertarian and Green, along with other minor candidates, garnered minimal support. This strong Republican preference could reflect the political climate and voter priorities within this locality.
86.27% of voters voted for the Republican party in the 2020 Presidential Election
12.27% of voters voted for the Democrat party in the 2020 Presidential Election
0.83% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Washington County, Colorado over the last 10 years
Washington County, Colorado, has typically maintained a lower student-to-teacher ratio than the national average of 14 students per teacher, with values fluctuating between 8 and 10 students per teacher over the last decade. This lower ratio suggests smaller class sizes, which might appeal to families seeking more individualized attention for their children. For real estate agents, this aspect could be a significant selling point, potentially increasing property value and demand. Investors and developers can view this as an indicator of community focus on education, possibly making the area more attractive for new housing projects. Insurance agents could also consider the lower ratios in their risk evaluations, as smaller class sizes might correlate with less disruptive behavior and fewer incidents in schools.
