Weld County Market Trends
Median Value of Occupied Housing Units in Weld County, Colorado Over the Last 8 Years
Over the past eight years, the median home value in Weld County, Colorado, has witnessed a steady upward trend, climbing from $210,100 in 2015 to a striking $412,200 in 2022. This local growth outpaces both the national rise from $125,500 to $179,400 and the broader Colorado market, which saw increases from $247,800 to $465,900 over the same period. These disparities could be appealing to those eyeing investment opportunities or contemplating relocation to Weld County, particularly given its comparably brisk appreciation in home values.
Residential Energy Tax Credit Per Tax Return in Weld County, CO Over the Last 9 Years
Weld County, Colorado has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years, notably peaking at $4,532.04 in 2018. The tax credit values have ranged from a low of $441.38 in 2013 to heights exceeding $2,000 in multiple years, indicating active participation in energy initiatives. This trend showcases an increasing investment in energy-efficient home improvements, potentially enhancing property values and appealing to green-conscious investors and residents.
Average Real Estate Taxes Per Tax Return in Weld County, CO Over the Last 10 Years
Weld County, Colorado has seen a notable increase in real estate taxes per tax return, rising from approximately $1,730.47 in 2012 to about $3,605.47 in 2021. This upward trend, especially the sharp increases observed after 2015, could suggest a growing housing market, potentially making it a point of interest for investors. The spikes, particularly between 2016 and 2018, might indicate developments or property value growth in the area, offering potential opportunities or challenges for property buyers and current residents. Understanding these trends could be crucial for making informed decisions regarding investments or relocations within the county.
Percentage of Farm Returns in Weld County, CO Over the Last 10 Years
In Weld County, Colorado, the percentage of farm tax returns has shown a gradual decline over the past decade, dropping from roughly 2.47% in 2012 to about 1.62% by 2021. Farm tax returns generally serve as a barometer for the agricultural sector, indicating the economic health and activity levels within farming communities. For investors or potential residents, this trend may point to shifting economic dynamics and could suggest a move towards diversification away from traditional agriculture. This is important to keep in mind if you're considering investments, property development, or relocation to the area as it may suggest evolving opportunities and challenges.
Number of Mortgages by Occupancy Type in Weld County, CO Over the Last 5 Years in Weld County
Over the last five years in Weld County, Colorado, principal residences have consistently dominated the mortgage landscape, showing a fluctuating yet significant volume compared to investment and second residences. The dropping numbers in investment property mortgages from 2020 to 2022 might imply changing investor confidence or shifts in the rental market dynamics. Second residences have maintained a relatively low but steady count, possibly reflecting stability in that niche market. Understanding these changes can inform investment strategies, influence how properties are appraised, and guide insurance agents and developers on risk assessments and residential needs. Real estate agents might interpret these trends to better advise clients on market conditions and opportunities.
Economic Outlook
Average Taxable Income per Tax Return in Weld County, CO over the last 9 years
Weld County, CO has experienced a significant upward trend in average taxable income per tax return over the past nine years, surging from approximately $59,577.76 in 2013 to an impressive $81,876.73 in 2021. This consistent growth highlights an increasingly prosperous community, making it an attractive spot for investment, relocation, and development. The noticeable income boost aligns with broader economic trends, positioning Weld County as a promising area for future opportunities.
Average State and Local Income Taxes Per Tax Return in Weld County, CO Over the Last 10 Years
Weld County, CO has observed a significant increase in average state and local income taxes per tax return over the past decade. Notably, the figures have surged from $4,328.02 in 2012 to $8,579.33 in 2021. This sharp rise, particularly between 2017 and 2018 when taxes jumped from $5,349.42 to $7,187.77, underscores the growing fiscal pressures on residents, potentially stemming from economic shifts or policy changes. This data is crucial for prospective movers or current residents to understand the financial landscape and budget accordingly.
Average Total Tax Liability Per Tax Return in Weld County, CO Over the Last 10 Years
Over the past decade, Weld County, Colorado has seen significant fluctuations in average total tax liability per tax return, peaking at $12,817.46 in 2021. This data indicates an upward trajectory overall, which potential investors and residents might interpret as a sign of rising incomes and economic growth in the area. Such trends are critical for those considering building property, as they suggest an increasingly affluent demographic and potentially higher property values.
Cost of Living in Weld County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,961 | $1,532 | $1,765 | $1,769 | $1,829 |
| 1 adult 4 children | $1,961 | $1,251 | $1,362 | $1,769 | $1,956 |
| 2 adults 3 children | $1,961 | $1,252 | $1,525 | $1,769 | $1,540 |
| 1 adult 3 children | $1,961 | $1,022 | $1,123 | $1,769 | $1,718 |
| 2 adults 2 children | $1,380 | $1,025 | $1,285 | $1,532 | $1,135 |
| 1 adult 2 children | $1,380 | $765 | $883 | $1,532 | $1,203 |
| 2 adults 1 child | $1,380 | $810 | $1,045 | $763 | $974 |
| 1 adult 1 child | $1,380 | $523 | $643 | $763 | $884 |
| 2 adults | $1,063 | $651 | $806 | $0 | $731 |
| 1 adult | $951 | $355 | $403 | $0 | $621 |
Safety trends & Data
Property Crime Trends in Weld County, CO Over the Last 5 Years
Weld County, Colorado has witnessed variable yet noteworthy trends in property crime over the last five years. Arson cases have remained relatively low, ranging from 12 to 17 incidents annually. Burglary arrests peaked at 161 in 2021 but showed a significant decrease to 100 by 2022. Larceny-theft, initially high at 1,019 in 2018, fell markedly to 794 by 2022. Motor vehicle theft has seen a rise, notably increasing from 99 in 2018 to 200 in 2021, slightly dipping to 191 in 2022. Vandalism incidents rose from 251 in 2018 to 357 in 2021, then slightly decreased to 274 by 2022. Fraud cases, which were 197 in 2018, dropped to 59 by 2022, showing a promising decline. These trends are vital for potential investors, property developers, and insurance agents as they provide a clear picture of the area's evolving safety landscape.
Demographics
Weld County, Colorado exhibits some compelling demographic trends. The adult population is nearly evenly split between males and females, indicating balanced gender representation. Educational attainment varies significantly, with a notable segment of the population holding at least a bachelor's degree, while others only have a high school education or less. Age distribution reveals a youthful skew, with a substantial proportion of residents under 25 years old, potentially influencing local... Read more
Race Distribution in Weld County, Colorado (2022)
Educational Attainment in Weld County, Colorado (2022)
Age Distribution in Weld County, Colorado
Citizen Population in Weld County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Weld County, Colorado showed a leaning towards the Republican party in the 2020 U.S. Presidential Election, with Republicans garnering an estimated 58% of the vote. Democrats followed with close to 40%, while Libertarians and the Green party had minimal support at approximately 2% and less than 1%, respectively. Other parties collectively received just under 1% of the vote. This distribution might suggest a predominantly conservative voter base with limited third-party influence.
57.58% of voters voted for the Republican party in the 2020 Presidential Election
39.56% of voters voted for the Democrat party in the 2020 Presidential Election
1.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Weld County, Colorado over the last 10 years
Over the past decade in Weld County, Colorado, the student-to-teacher ratio has consistently hovered above the national average of fourteen students per teacher. Starting from 2014, where it was approximately seventeen students per teacher, the ratio peaked slightly in 2015 at roughly eighteen and has generally remained steady, with minor fluctuations. In 2023, the ratio stands at about eighteen. This trend might suggest several underlying factors such as population growth, allocation of educational resources, or school funding strategies, which are critical considerations for investors, potential residents, appraisers, insurance agents, builders, and real estate agents looking to assess the area's educational environment and its potential impact on property values and community investment.
