Bear Lake County Real Estate and Livability Trends
Bear Lake County, Idaho's median home values climbed from $138,900 in 2015 to $194,700 by 2022, offering a more affordable trajectory compared to Idaho's $331,600. Real estate taxes also saw a notable increase, hitting $2,250.00 in 2021, possibly mirroring rising property values. A shift away from agricultural income is evident, with farm-related tax returns dropping to 12.80% in 2021 from 15.45%... Read more
Bear Lake County Market Trends
Bear Lake County, Idaho's median home values have risen from $138,900 in 2015 to $194,700 by 2022, offering a more affordable growth trajectory compared to Idaho’s rapid increase to $331,600. The residential energy tax credit per tax return has fluctuated notably, with a sharp rise to $966.67 in 2020, indicating heightened investments in energy-efficient home improvements. Real estate taxes... Read more
Median Value of Occupied Housing Units in Bear Lake County, Idaho Over the Last 8 Years
Bear Lake County, Idaho's median home values have experienced a significant rise over the past eight years, starting at $138,900 in 2015 and reaching $194,700 by 2022. This is a slower but consistent growth compared to Idaho's skyrocketing median value from $162,900 to $331,600 within the same period. Nationally, median values rose more modestly from $125,500 to $179,400. For those looking to invest or relocate, Bear Lake County offers promising growth yet remains more affordable than broader state trends, potentially offering a more balanced investment opportunity.
Residential Energy Tax Credit Per Tax Return in Bear Lake County, ID Over the Last 8 Years
The residential energy tax credit per tax return in Bear Lake County, Idaho, has shown notable fluctuations over the last eight years. Starting at $200.00 in 2013, it saw a dip in 2014 to $166.67, but by 2016 it climbed to $220.00. A sharp increase was evident in 2019 with the average tax credit reaching $350.00, soaring to $966.67 in 2020, and eventually settling at $780.00 in 2021. This trend hints at increasing investments in energy-efficient home improvements, which could be an attractive prospect for new homeowners and investors keen on sustainable living. Real estate agents might find this trend beneficial when pitching properties, suggesting incentives for eco-friendly renovations.
Average Real Estate Taxes Per Tax Return in Bear Lake County, ID Over the Last 10 Years
Bear Lake County, Idaho has seen notable fluctuations in average real estate taxes per tax return over the past decade. Starting at $1,237.70 in 2012, taxes decreased slightly in 2013 before gradually increasing to $1,434.48 by 2016. However, a significant spike occurred in 2018, with taxes reaching $2,190.91 and remaining above $2,000 in subsequent years, peaking at $2,250.00 in 2021. This upward trend could suggest increasing property values or changes in tax rates, making Bear Lake County an interesting spot for real estate investors and professionals keeping an eye on tax implications.
Percentage of Farm Returns in Bear Lake County, ID Over the Last 10 Years
Over the last 10 years, Bear Lake County, Idaho has seen a gradual decline in the percentage of farm tax returns, from 15.45% in 2012 to 12.80% in 2021. Farm tax returns are filings that indicate income generated from agricultural activities, which can signal the economic health and prevalence of farming in the area. A decreasing trend in these returns could suggest a shift towards other economic activities or challenges faced by the local farming industry. This trend might be pivotal for potential investors, homebuilders, and residents to understand the economic landscape and make informed decisions about future investments and developments in Bear Lake County.
Number of Mortgages by Occupancy Type in Bear Lake County, ID Over the Last 5 Years in Bear Lake County
In Bear Lake County, Idaho, there has been noticeable fluctuation in mortgage counts by occupancy type over the last five years. The data suggests that while the number of mortgages for investment properties has remained relatively stable, hovering around the low to mid-thirties, the figures for principal residences and second residences have seen more significant changes. Principal residences, for example, peaked in 2021 with 505 mortgages, indicating a strong market for primary homes that year, while second residences saw a marked decrease from 181 mortgages in 2020 to just 80 in 2022. Changes like these could be pivotal for investors, appraisers, and real estate agents, as shifts in occupancy preference may affect property values, rental demands, and insurance risk assessments. Understanding these nuances gives stakeholders a clearer view of market trends and potential future movements.
Economic Outlook
Bear Lake County, Idaho has witnessed a rising trend in average taxable income per tax return, climbing from around $43,133.73 in 2013 to about $62,416.43 by 2021. This growth hints at potential economic expansion and better earning prospects. Meanwhile, state and local income taxes per tax return have surged from $4,567.92 in 2012 to $8,486.67 in 2021, reflecting increased tax policies or economic conditions. Total tax liability per tax return also jumped from $5,482.56 in 2012 to $8,718.78 in... Read more
Average Taxable Income per Tax Return in Bear Lake County, ID over the last 9 years
Bear Lake County, Idaho has seen a steady increase in the average taxable income per tax return over the past nine years. Starting at approximately $43,133.73 in 2013, it rose to about $62,416.43 by 2021. This upward trend suggests potential economic growth and improved earning capacity in the area, making Bear Lake County a potentially attractive location for investors, new residents, and property developers. The notable hike in recent years could signal increased job opportunities or economic activities that might be worth exploring.
Average State and Local Income Taxes Per Tax Return in Bear Lake County, ID Over the Last 10 Years
Over the last decade, Bear Lake County, Idaho has seen a significant increase in average state and local income taxes per tax return, rising from $4,567.92 in 2012 to $8,486.67 in 2021. This upward trend, especially the sharp climb after 2017, reflects changes in tax policies or economic conditions that could affect disposable income for residents. Potential investors and those considering a move should be aware of the increasing tax burden, as it might impact cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Bear Lake County, ID Over the Last 10 Years
Over the past decade, Bear Lake County in Idaho has experienced a notable rise in the average total tax liability per tax return. From $5,482.56 in 2012 to a significant increase to $8,718.78 in 2021, this trend may suggest growing incomes or changing tax regulations affecting residents. For those looking to invest or move to this region, understanding these increasing tax liabilities is crucial for financial planning and assessing the area's economic landscape.
Cost of Living in Bear Lake County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,464 | $1,700 | $1,054 | $1,111 |
| 1 adult 4 children | $1,174 | $1,195 | $1,317 | $1,054 | $1,239 |
| 2 adults 3 children | $1,174 | $1,196 | $1,467 | $1,054 | $878 |
| 1 adult 3 children | $1,174 | $976 | $1,083 | $1,054 | $978 |
| 2 adults 2 children | $826 | $979 | $1,233 | $914 | $723 |
| 1 adult 2 children | $826 | $731 | $850 | $914 | $653 |
| 2 adults 1 child | $826 | $774 | $1,000 | $458 | $672 |
| 1 adult 1 child | $826 | $500 | $617 | $458 | $567 |
| 2 adults | $633 | $622 | $767 | $0 | $572 |
| 1 adult | $629 | $339 | $383 | $0 | $556 |
Safety trends & Data
Bear Lake County, Idaho, has experienced mixed property crime trends over the past five years. Larceny-theft consistently tops the list, peaking at 6 incidents in multiple years. Recently, vandalism incidents surged to 7 in 2022, while arson and motor vehicle theft remain low but notable. This volatility could inform crime prevention strategies, important for investors, real estate agents, and residents evaluating the area's safety and security... Read more
Property Crime Trends in Bear Lake County, ID Over the Last 5 Years
Bear Lake County, Idaho, has shown fluctuating property crime trends over the past five years, with notable variations in specific crime categories. While larceny-theft has consistently been the most frequent offense, peaking at 6 incidents in multiple years, other crimes like vandalism have seen a surge in recent times, particularly spiking to 7 incidents in 2022. The occurrence of arson and motor vehicle theft remains relatively low but isn't negligible. This variability suggests a need for targeted crime prevention strategies, which could be a crucial consideration for potential investors, real estate agents, and residents assessing the area's safety and security landscape.
Demographics
Bear Lake County, Idaho exhibits a nearly equal gender distribution among adults. Educational attainment levels are diverse, with a significant portion holding high school diplomas or some college experience, though fewer pursue advanced degrees. The age demographic shows a range from a youthful under-10 population to a notable senior group aged 75 and over. The racial composition is predominantly White, with minimal representation from other races, and no Native Hawaiian or Other Pacific... Read more
Race Distribution in Bear Lake County, Idaho (2022)
Educational Attainment in Bear Lake County, Idaho (2022)
Age Distribution in Bear Lake County, Idaho
Citizen Population in Bear Lake County, Idaho (2022)
Political Trends & Data
Bear Lake County, Idaho shows a strong conservative trend, with the Republican party reportedly securing 88% of the votes in the 2020 U.S. Presidential Election. Democrats trailed significantly with about 11%, and Libertarians plus other parties collectively garnered just over 1%. This conservative dominance might influence local policies and could play a role in shaping the housing market and community planning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Bear Lake County, Idaho, the Republican party apparently held a dominant presence in the 2020 U.S. Presidential Election, with an estimated 88% of the votes. Democrats managed to capture roughly 11% of the votes, while Libertarians and other parties collectively made up just over 1%. This voting pattern could suggest a strong conservative lean in the local electorate.
87.90% of voters voted for the Republican party in the 2020 Presidential Election
10.56% of voters voted for the Democrat party in the 2020 Presidential Election
0.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.78% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bear Lake County, Idaho has experienced notable fluctuations in its student-to-teacher ratio over the past decade, peaking in 2021 at 29 students per teacher, compared to the national average of 14. Recent years have shown a trend towards more manageable ratios, returning to around 18 in 2023. These changes could impact the quality of education, influencing decisions for potential movers, real estate investors, and agents marketing homes. Understanding these trends is also vital for appraisers... Read more
Student-to-teacher ratio in Bear Lake County, Idaho over the last 10 years
Bear Lake County, Idaho has seen significant fluctuations in its student-to-teacher ratio over the past decade, with a notable peak in 2021 at 29 students per teacher, compared to the national average of 14. Recent years show a trend towards more manageable ratios, returning to around 18 in 2023. These changes in student-to-teacher ratios can impact the quality of education, which may influence decisions for those considering moving to the area, investing in property, or for real estate agents marketing homes locally. Understanding these trends might also be critical for appraisers and insurance agents assessing the long-term viability and attractiveness of the community.
