Bingham County Real Estate and Livability Trends
Bingham County, Idaho's real estate market has seen median home values rise from $141,400 in 2015 to $230,500 in 2022, offering potentially more affordable entry points compared to the state's average. Residential Energy Tax Credits peaked at $4,050.00 in 2018, indicating changing incentives for energy-efficient homes. Average real estate taxes have also increased, from $1,534.82 in 2012 to... Read more
Bingham County Market Trends
Median home values in Bingham County, Idaho have risen steadily from $141,400 in 2015 to $230,500 in 2022, though this growth lags behind Idaho’s state average. This slower rate of increase compared to the state's surge suggests Bingham County might offer more affordable entry points into the real estate market. Fluctuations in Residential Energy Tax Credits, peaking at $4,050.00 in 2018, hint... Read more
Median Value of Occupied Housing Units in Bingham County, Idaho Over the Last 8 Years
Median home values in Bingham County, Idaho have shown a steady upward trend over the last eight years, increasing from $141,400 in 2015 to $230,500 in 2022. While this rise mirrors general market trends, the growth rate lags behind the state average; Idaho's median home value surged from $162,900 in 2015 to $331,600 in 2022. On both a state and county level, this growth outpaces the national median, which climbed from $125,500 in 2015 to $179,400 in 2022. For potential investors and residents, this suggests that Bingham County could be an attractive opportunity for more affordable entry into Idaho's rapidly appreciating real estate market.
Residential Energy Tax Credit Per Tax Return in Bingham County, ID Over the Last 9 Years
Bingham County, Idaho has seen significant fluctuations in Residential Energy Tax Credit per tax return over the past nine years, ranging from $288.10 in 2013 to a striking peak of $4,050.00 in 2018. These shifts hint at varying levels of investment in energy-efficient home improvements and incentives, likely tied to federal or state policy changes. For those looking to invest or build in the area, this trend might suggest periods of advantageous tax benefits for incorporating energy-efficient technologies. Real estate agents and home buyers could view these credits as value-adds, while appraisers and insurance agents might factor potential energy savings into property valuations and policy calculations.
Average Real Estate Taxes Per Tax Return in Bingham County, ID Over the Last 10 Years
Over the past decade, Bingham County, Idaho has seen a notable increase in average real estate taxes per tax return. From $1,534.82 in 2012 to $2,728.00 in 2021, the most significant jump occurred between 2017 and 2018, rising from $1,841.39 to $2,546.83. This trend may suggest escalating property values or changing assessment rates, which could impact investment decisions, property appraisals, and insurance premiums. Prospective buyers and real estate agents should consider these rising taxes as they reflect the area's economic conditions and potentially influence long-term affordability.
Percentage of Farm Returns in Bingham County, ID Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Bingham County, Idaho, has shown a gradual decline from 6.24% in 2012 to roughly 5.15% in 2021. Farm tax returns, which farmers file to report their income and expenses, provide insights into the economic health and production levels of the agricultural sector. This trend may suggest a toughening economic environment for farmers, potentially due to market shifts, climate challenges, or changes in agricultural policies. For investors, developers, or potential residents, these figures could highlight broader economic changes within the county that can impact property values, local business opportunities, and community growth.
Number of Mortgages by Occupancy Type in Bingham County, ID Over the Last 5 Years in Bingham County
Bingham County, Idaho has seen fluctuating mortgage counts over the past five years, with a notable increase in the number of principal residences from 2,085 in 2018 to 3,844 in 2021, suggesting a trend towards more permanent residents. Meanwhile, the relatively stable lower numbers of second residences and investment properties might indicate either limited interest in non-primary holdings or potential barriers to such investments. These shifts in occupancy type can be significant for investors and real estate agents as they suggest varying demands and opportunities; for instance, a growing market for primary homes might drive up demand and property values, while insurance agents might adjust their risk assessments. Particularly for those looking to move or invest, understanding these dynamics can offer insights into both the immediate and long-term viability of the area.
Economic Outlook
Bingham County, Idaho has experienced an uptick in average taxable income per tax return, climbing from $44,754.78 in 2013 to $64,771.23 in 2021. This increase hints at improving economic conditions and potential job opportunities. The most significant jump occurred between 2020 and 2021, suggesting important local developments. Concurrently, state and local income taxes per tax return surged from $5,311.25 in 2012 to $11,554.47 in 2021, presenting a crucial factor for financial planning. Total... Read more
Average Taxable Income per Tax Return in Bingham County, ID over the last 9 years
Over the past nine years, Bingham County, Idaho has seen a general upward trend in average taxable income per tax return, rising from around $44,754.78 in 2013 to approximately $64,771.23 in 2021. This growth might suggest strengthening economic conditions and potential for higher earning opportunities in the area. With the biggest jump noted between 2020 and 2021, it may be worth investigating economic developments, new businesses, or other factors contributing to this surge. For those considering investment or relocation, these trends could signal a thriving local economy and increasing property values.
Average State and Local Income Taxes Per Tax Return in Bingham County, ID Over the Last 10 Years
Over the past decade, state and local income taxes per tax return in Bingham County, Idaho have shown a notable upward trend. Starting at $5,311.25 in 2012, there has been a substantial increase, reaching $11,554.47 in 2021. This growth is particularly relevant for those considering investments or relocations to the area, as it may impact financial planning and cost-of-living calculations. Investors and potential residents should weigh these escalating taxes against other economic benefits of the region.
Average Total Tax Liability Per Tax Return in Bingham County, ID Over the Last 10 Years
Over the last decade, Bingham County, Idaho has seen fluctuating average total tax liabilities per tax return, with notable peaks in 2017 at $7,447.81 and a significant increase in 2021 to $9,559.37. This pattern suggests potential underlying economic changes or policy shifts affecting taxpayers. Such trends could be important for prospective investors and residents assessing the fiscal climate and stability of the region.
Cost of Living in Bingham County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,184 | $1,416 | $1,700 | $1,054 | $1,062 |
| 1 adult 4 children | $1,184 | $1,156 | $1,317 | $1,054 | $1,185 |
| 2 adults 3 children | $1,184 | $1,156 | $1,467 | $1,054 | $839 |
| 1 adult 3 children | $1,184 | $944 | $1,083 | $1,054 | $934 |
| 2 adults 2 children | $833 | $947 | $1,233 | $914 | $696 |
| 1 adult 2 children | $833 | $707 | $850 | $914 | $624 |
| 2 adults 1 child | $833 | $748 | $1,000 | $458 | $651 |
| 1 adult 1 child | $833 | $483 | $617 | $458 | $554 |
| 2 adults | $633 | $601 | $767 | $0 | $557 |
| 1 adult | $629 | $328 | $383 | $0 | $550 |
Safety trends & Data
In Bingham County, Idaho, property crime trends have shown notable fluctuations over the past five years. Burglary arrests reached a high in 2018 at 73 but dropped to a low of 22 in 2021 before rising to 63 in 2022. Larceny-theft arrests spiked in 2020 with 94 incidents and slightly decreased to 84 in 2022. Vandalism arrests varied, hitting a low of 17 in 2020 and climbing to 74 in 2022. Motor vehicle thefts stayed relatively stable with a minor uptick in 2021. These shifting crime statistics... Read more
Property Crime Trends in Bingham County, ID Over the Last 5 Years
Over the past five years in Bingham County, Idaho, property crime trends have shown notable variability. Burglary arrests peaked in 2018 at 73 but dramatically dropped in 2021 to 22 before climbing again to 63 in 2022. Larceny-theft arrests saw a significant spike, particularly in 2020 with 94 incidents followed by 84 in 2022. Vandalism arrests fluctuated, with a low of 17 in 2020 before rising to 74 in 2022. Interestingly, motor vehicle thefts remained relatively stable, with a slight increase observed in 2021. For those considering investments or relocations, the fluctuating yet significant presence of property crimes can impact property values, insurance premiums, and overall community safety perceptions.
Demographics
Bingham County, Idaho presents a balanced gender distribution with adults fairly evenly split between males and females. The educational attainment levels show a concentration in high school graduates and those with some college but no degree, indicating a community with foundational education that possibly lacks higher educational advancement. Age-wise, the county has notable populations in both the young and middle age brackets, which might suggest a stable working-age demographic alongside a... Read more
Race Distribution in Bingham County, Idaho (2022)
Educational Attainment in Bingham County, Idaho (2022)
Age Distribution in Bingham County, Idaho
Citizen Population in Bingham County, Idaho (2022)
Political Trends & Data
Bingham County, Idaho, displayed a strong Republican inclination in the 2020 U.S. Presidential Election, with Republicans likely securing approximately 76% of the vote. Democrats seemed to garner just over 20%, while other parties were a minimal presence. This suggests the county may favor conservative policies, aligning with broader voting trends seen across... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bingham County, Idaho, exhibited a noticeable lean towards the Republican Party in the 2020 U.S. Presidential Election, with Republicans potentially capturing around 76% of the vote. Democrats might have secured just over 20%, while Libertarians, Greens, and other parties collectively made up a small fraction of the voter base. This suggests a significant preference for conservative policies and candidates, indicative of the county's possible alignment with broader state trends in Idaho.
76.49% of voters voted for the Republican party in the 2020 Presidential Election
20.62% of voters voted for the Democrat party in the 2020 Presidential Election
1.54% of voters voted for the Livertarian party in the 2020 Presidential Election
1.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Bingham County, Idaho, the student-to-teacher ratio has swung significantly, peaking at 29 students per teacher in 2023 and hitting a low of 18 in 2018. This trend may influence property investment decisions, as higher ratios could imply stressed educational resources, potentially affecting the perceived quality of local schools. A rising ratio might suggest a growing population or a lag in teacher hiring, impacting the appeal of the school district. With Bingham County's current ratio well... Read more
Student-to-teacher ratio in Bingham County, Idaho over the last 10 years
In Bingham County, Idaho, the student-to-teacher ratio has varied significantly over the past decade, reaching its highest at 29 students per teacher in 2023 and its lowest at 18 in 2018. These fluctuations may impact property investment decisions, as higher ratios could indicate potential stress on educational resources, possibly affecting school quality perceptions. For prospective residents or real estate agents, a rising ratio might imply a growing population or insufficient teacher hiring, influencing school district appeal. Insurance agents and appraisers might consider this trend as a factor in assessing community stability and resource allocation. The county's current ratio is substantially above the national average of 14, potentially signaling challenges or opportunities in local educational infrastructure.
