Bannock County Real Estate and Livability Trends
Bannock County, Idaho's real estate market exhibits significant upward trends, offering potential for savvy investors. Median home values have surged from $145,300 in 2015 to $233,500 in 2022, making it a more affordable yet promising alternative to the state average of $331,600. The uptick in average residential energy tax credit peaking at $4,400.00 in 2018 shows a rise in energy-efficient home... Read more
Bannock County Market Trends
Bannock County, Idaho's real estate market has seen median home values increase from $145,300 in 2015 to $233,500 in 2022, offering a more budget-friendly alternative compared to the state's $331,600 average. The rise in average residential energy tax credit per tax return, peaking at $4,400.00 in 2018, indicates growing investments in energy-efficient home improvements, which can attract... Read more
Median Value of Occupied Housing Units in Bannock County, Idaho Over the Last 8 Years
Bannock County, Idaho's median home values have seen an upward trajectory over the past eight years, rising from $145,300 in 2015 to $233,500 in 2022. This growth, while significant, still positions Bannock County below the state average for Idaho, which hit $331,600 in 2022, and is comparatively more affordable against the national median of $179,400 for the same year. For investors, new residents, or developers, this may suggest that Bannock County offers a more budget-friendly entry point into the real estate market with room for potential appreciation.
Residential Energy Tax Credit Per Tax Return in Bannock County, ID Over the Last 9 Years
Bannock County, Idaho has seen a significant increase in the average residential energy tax credit per tax return over the past nine years, with notable peaks in 2017 at $1,177.27 and 2018 at $4,400.00. This trend potentially indicates a growing investment in energy-efficient home improvements in the area, which may appeal to homeowners looking to reduce utility costs and take advantage of tax incentives. Such shifts can provide useful insights for real estate agents, investors, and property-related professionals evaluating the evolving market dynamics in Bannock County. These higher credits might suggest increasing adoption of renewable energy technologies among local residents, making it an attractive consideration for those interested in sustainable living.
Average Real Estate Taxes Per Tax Return in Bannock County, ID Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Bannock County, Idaho have generally trended upward, ending up just above $3,800.00 in 2021. The most noticeable jump occurred between 2017 and 2018, where the average increased significantly from around $2,440.81 to $3,373.16, indicating possible shifts in property valuations or tax rates. This trend suggests that property owners might face increasing annual costs, a critical consideration for potential investors, homeowners, appraisers, and real estate agents evaluating the local market.
Percentage of Farm Returns in Bannock County, ID Over the Last 10 Years
Over the last decade, Bannock County, Idaho has seen a slight decline in the percentage of farm tax returns, starting at roughly 1.88% in 2012 and dropping to around 1.62% by 2021. Farm tax returns are tax filings specific to agricultural income and operations, so this downward trend could suggest a potential decrease in farming activity or profitability in the area. This trend might be relevant for those considering investments or property development in Bannock County as it could imply shifts in the local economy or land use.
Number of Mortgages by Occupancy Type in Bannock County, ID Over the Last 5 Years in Bannock County
Over the last five years in Bannock County, Idaho, the number of mortgages for principal residences consistently trended upwards, peaking at 7,201 in 2021 and slightly declining to 4,568 in 2022. Investment property mortgages also saw considerable growth, especially notable between 2020 and 2021, before dropping again in 2022. Meanwhile, second residence mortgages remained relatively stable but low in volume. Changes in occupancy type could indicate shifting market dynamics, where a higher proportion of mortgages for primary residences might signal local population growth and increased demand for permanent housing. Conversely, fluctuations in investment properties might offer insights into the rental market's attractiveness or changing investor confidence, crucial for appraisers and real estate agents assessing the area's investment potential. Understanding these trends provides a comprehensive picture for anyone involved in real estate—from investors gauging market health to insurers adjusting risk assessments based on occupancy types.
Economic Outlook
Bannock County, Idaho has experienced a steady uptick in the average taxable income per tax return, rising from $49,998.09 in 2016 to $63,546.06 in 2021. This suggests an increasingly solid economic base that's likely to attract investors and new residents. Meanwhile, state and local income taxes per tax return have more than doubled from $5,006.82 in 2012 to $10,209.62 in 2021, reflecting significant economic and policy changes. The percentage of residents living below the poverty line... Read more
Average Taxable Income per Tax Return in Bannock County, ID over the last 9 years
Over the past nine years, Bannock County, Idaho has seen a steady increase in the average taxable income per tax return, with a noticeable jump from $49,998.09 in 2016 to $63,546.06 in 2021. This trend may suggest a growing economic base in the region, potentially making it an attractive prospect for investors and those considering relocation. The consistent upward movement could also indicate a favorable environment for new property development and business growth in the area.
Average State and Local Income Taxes Per Tax Return in Bannock County, ID Over the Last 10 Years
Bannock County, Idaho has seen a significant rise in average state and local income taxes per tax return over the past decade. Starting from $5,006.82 in 2012, there's been a notable increase especially in recent years, reaching $10,209.62 in 2021. The sharp jumps observed in 2017 and 2018, and even more so in 2020 and 2021, reflect the economic and policy changes impacting the region. For potential investors or residents, understanding these tax trends is crucial for financial planning and evaluating the cost of living and doing business in the county.
Average Total Tax Liability Per Tax Return in Bannock County, ID Over the Last 10 Years
Over the past decade, Bannock County, Idaho has seen a noticeable increase in the average total tax liability per tax return, starting at $6,413.34 in 2012 and rising sharply to $8,914.42 in 2021. Key jumps are particularly evident in 2017 and 2020, suggesting possible economic shifts or policy changes impacting taxpayers. For potential investors or residents, understanding these trends might hint at the area's economic changes and possibly its rising prosperity or increased cost of living.
Cost of Living in Bannock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,273 | $1,556 | $1,714 | $1,099 | $1,093 |
| 1 adult 4 children | $1,273 | $1,271 | $1,323 | $1,099 | $1,194 |
| 2 adults 3 children | $1,273 | $1,271 | $1,481 | $1,099 | $859 |
| 1 adult 3 children | $1,273 | $1,038 | $1,090 | $1,099 | $936 |
| 2 adults 2 children | $896 | $1,041 | $1,248 | $957 | $696 |
| 1 adult 2 children | $896 | $777 | $857 | $957 | $610 |
| 2 adults 1 child | $896 | $823 | $1,015 | $496 | $649 |
| 1 adult 1 child | $896 | $531 | $624 | $496 | $539 |
| 2 adults | $681 | $661 | $782 | $0 | $538 |
| 1 adult | $599 | $360 | $391 | $0 | $498 |
Safety trends & Data
Property crime in Bannock County, Idaho, has seen notable shifts over the past five years, with a steep decline in larceny-theft cases from 497 in 2018 to 208 in 2022. While vandalism has decreased modestly, it remains a concern. Burglary and motor vehicle theft numbers fluctuate annually, suggesting periodic spikes rather than a consistent trend. Arson and embezzlement are minimal but still present. For real estate and insurance sector stakeholders, understanding these changing crime patterns... Read more
Property Crime Trends in Bannock County, ID Over the Last 5 Years
Over the last five years in Bannock County, Idaho, property crime trends have varied significantly. Larceny-theft has seen a steep decline, from 497 instances in 2018 to 208 in 2022. Vandalism cases have shown a modest decrease but remain a concern. Burglary and motor vehicle theft numbers haven't demonstrated a clear trend but fluctuate annually, suggesting periodic spikes. Notably, arson and embezzlement incidents remain minimal but present. For anyone considering investing, moving, or working in real estate or insurance in Bannock County, it’s essential to account for these shifting property crime patterns.
Demographics
Bannock County, Idaho, shows a nearly equal male-to-female ratio among its adult population, fostering a balanced community demographic. Education levels vary greatly, with a notable portion having at least some college education but lacking a degree, coupled with a significant number of high school graduates. The age distribution skews younger, with a considerable number of residents under 35 years old. The county remains predominantly White, with small yet meaningful representations of other... Read more
Race Distribution in Bannock County, Idaho (2022)
Educational Attainment in Bannock County, Idaho (2022)
Age Distribution in Bannock County, Idaho
Citizen Population in Bannock County, Idaho (2022)
Political Trends & Data
In Bannock County, Idaho, the 2020 U.S. Presidential Election saw a potential 59% of votes cast for the Republican candidate, contrasting with around 37% for the Democrat. The Libertarian candidate possibly received under 2.4%, and other parties combined for about 1.5%. The voting distribution suggests a conservative majority, yet highlights a meaningful presence of Democratic and third-party voters, which could influence local political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bannock County, Idaho, saw a notable tilt towards the Republican party in the 2020 U.S. Presidential Election, with Republican votes possibly amounting to around 59%. Democrats garnered approximately 37% of the vote, indicating a clear but not overwhelming preference. The Libertarian candidate received just under 2.4%, while other parties combined managed just about 1.5%. These figures suggest a predominantly conservative leaning but with a potentially impactful minority of Democratic and third-party voters.
58.99% of voters voted for the Republican party in the 2020 Presidential Election
37.12% of voters voted for the Democrat party in the 2020 Presidential Election
2.39% of voters voted for the Livertarian party in the 2020 Presidential Election
1.50% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bannock County, Idaho's student-to-teacher ratio has dropped from over 20 students per teacher in 2014 to about 16 in 2023, indicating a steady improvement in educational resources. While still above the national average of 14, this trend could suggest better teaching quality and more personalized attention, influencing local property values and community appeal. Real estate investors and new residents might find this educational metric relevant, as it reflects positively on the area's... Read more
Student-to-teacher ratio in Bannock County, Idaho over the last 10 years
Bannock County, Idaho has experienced a steady decline in its student-to-teacher ratio over the past decade, dropping from over 20 students per teacher in 2014 to about 16 in 2023. This trend suggests a gradual improvement in educational resources relative to student population, potentially signaling better teaching quality and more personalized attention for students. Despite these improvements, the ratio still hovers above the national average of 14 students per teacher, which could indicate room for further enhancement. This information is crucial for potential investors, new residents, appraisers, insurance agents, and real estate professionals, as it reflects on the local education quality, which can directly or indirectly affect property values, community appeal, and investment opportunities.
