Canyon County Real Estate and Livability Trends
Canyon County, Idaho has seen median home values nearly triple from $122,200 in 2015 to $306,200 in 2022, outstripping state and national growth rates. Meanwhile, the average taxable income per tax return doubled from $41,850.44 in 2013 to $68,438.90 in 2021, suggesting strong economic growth and a flourishing economy. A decline in poverty levels from 19.2% in 2013 to around 10.0% by 2022 further... Read more
Canyon County Market Trends
Canyon County, Idaho, has seen median home values nearly triple from $122,200 in 2015 to $306,200 in 2022, outstripping state and national growth rates. The increasing residential energy tax credits, highlighted by a peak of $4,082.69 in 2018, reflect a strong push for energy-efficient home improvements that could boost property values and marketability. Alongside soaring real estate taxes,... Read more
Median Value of Occupied Housing Units in Canyon County, Idaho Over the Last 8 Years
Over the past eight years, median home values in Canyon County, Idaho, have experienced a dramatic increase, surging from $122,200 in 2015 to $306,200 in 2022. This rise outpaces both the state of Idaho, where values grew from $162,900 to $331,600, and national trends, where the median increased from $125,500 to $179,400. Investors and homeowners might see this as an indication of a booming housing market in Canyon County, potentially offering lucrative opportunities. This trend could appeal to those looking to invest, relocate, or build new properties, highlighting the area's rapid growth compared to larger benchmarks.
Residential Energy Tax Credit Per Tax Return in Canyon County, ID Over the Last 9 Years
Canyon County, Idaho has seen a dramatic increase in the average residential energy tax credit amounts per tax return over the past nine years, peaking sharply in 2018 at $4082.69 before stabilizing at a moderate rate. This rise underscores a growing interest in energy-efficient home improvements, highlighted by significant tax credits accessible to homeowners. For those in real estate or considering new investments, this trend suggests a community highly incentivized to enhance property value through sustainable upgrades, affecting appraisal values, insurance rates, and overall marketability in the region.
Average Real Estate Taxes Per Tax Return in Canyon County, ID Over the Last 10 Years
Over the past decade, Canyon County, Idaho, has seen a noticeable rise in average real estate taxes per tax return, jumping from around $1,641.36 in 2012 to a peak of approximately $3,772.74 in 2020 before settling slightly to $3,554.56 in 2021. This upward trend suggests growing property values, which can be a signal of increased investment potential and the area's overall economic growth. However, the higher taxes may impact affordability, which could concern potential buyers and current homeowners. This information might be particularly valuable for real estate agents, appraisers, and insurance agents as they evaluate property markets and advise clients.
Percentage of Farm Returns in Canyon County, ID Over the Last 10 Years
Canyon County, Idaho has experienced a steady decline in the percentage of farm tax returns over the past decade, dipping from approximately 2.32% in 2012 to around 1.58% in 2021. Farm tax returns essentially track the portion of tax submissions tied specifically to agricultural businesses and activities. This decline might suggest shifts in the local economy, possibly towards non-agricultural sectors, or changes in farming practices. For those interested in investing, building property, or relocating to this area, this trend offers insight into the evolving economic landscape of Canyon County.
Number of Mortgages by Occupancy Type in Canyon County, ID Over the Last 5 Years in Canyon County
Over the last five years, Canyon County, Idaho has seen a notable increase in mortgages for investment properties and principal residences, while second residence mortgages have remained relatively low. Principal residence mortgages peaked in 2021, reflecting the housing market's appeal for primary home buyers. Meanwhile, investment property purchases have also risen, suggesting growing interest among investors. The shift in occupancy types can signal changing market dynamics that impact home values, rental market stability, and housing availability, which is crucial information for investors, real estate agents, and anyone interested in the region's property market.
Economic Outlook
Canyon County, Idaho has experienced substantial economic growth, reflected in the doubling of average taxable income per tax return from $41,850.44 in 2013 to $68,438.90 in 2021. Along with this income boost, state and local income taxes have also surged, reaching $10,482.43 in 2021, indicating higher financial demands but also suggesting a flourishing economy. Similarly, the average total tax liability per tax return has seen a notable rise, particularly spiking between 2020 and 2021.... Read more
Average Taxable Income per Tax Return in Canyon County, ID over the last 9 years
Canyon County, Idaho has seen a notable upward trend in average taxable income per tax return over the past nine years. Starting at $41,850.44 in 2013, the average income has nearly doubled, reaching $68,438.90 in 2021. This significant rise suggests promising economic growth, potentially making the area more attractive for investors and new residents. For those considering property investments or relocations, the consistent increase in taxable income could indicate a stable and burgeoning community.
Average State and Local Income Taxes Per Tax Return in Canyon County, ID Over the Last 10 Years
In Canyon County, Idaho, over the last decade, there's been a notable uptick in average state and local income taxes per tax return, rising from $4,611.18 in 2012 to $10,482.43 in 2021. The surge is particularly sharp from 2017 onwards, jumping from $5,879.56 to a peak of $10,482.43, signaling more burdens on local taxpayers but also likely reflecting economic growth. This trend matters for potential investors and residents as it indicates a rising financial demand tied to local economic policies and development.
Average Total Tax Liability Per Tax Return in Canyon County, ID Over the Last 10 Years
Over the past decade, Canyon County, Idaho has experienced a steady increase in the average total tax liability per tax return. Starting from $5,405.27 in 2012, this figure saw modest annual growth before accelerating sharply between 2020 and 2021, jumping to $7,627.52 and then $9,644.72, respectively. This trend could reflect rising property values, increased incomes, or changes in tax policy, making it a crucial consideration for prospective investors or residents evaluating financial commitments in the area.
Cost of Living in Canyon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,697 | $1,492 | $1,582 | $1,277 | $1,343 |
| 1 adult 4 children | $1,697 | $1,218 | $1,221 | $1,277 | $1,509 |
| 2 adults 3 children | $1,697 | $1,219 | $1,367 | $1,277 | $1,109 |
| 1 adult 3 children | $1,697 | $995 | $1,006 | $1,277 | $1,257 |
| 2 adults 2 children | $1,208 | $998 | $1,152 | $1,114 | $851 |
| 1 adult 2 children | $1,208 | $745 | $791 | $1,114 | $849 |
| 2 adults 1 child | $1,208 | $789 | $937 | $582 | $804 |
| 1 adult 1 child | $1,208 | $509 | $576 | $582 | $702 |
| 2 adults | $976 | $633 | $722 | $0 | $661 |
| 1 adult | $857 | $346 | $361 | $0 | $590 |
Safety trends & Data
Canyon County, Idaho has experienced varied property crime rates over the last five years, which could influence real estate investments and property valuations. Burglary incidents peaked in 2021 at 157 but dropped to 111 by 2022. Larceny-theft cases fell from 668 in 2018 to 325 in 2022, while motor vehicle thefts remained steady, ranging from 9 to 18 cases annually. Vandalism and fraud rates have shown some variability yet stayed mostly stable. These trends may be crucial for real estate... Read more
Property Crime Trends in Canyon County, ID Over the Last 5 Years
Canyon County, Idaho has seen a noticeable fluctuation in property crime rates over the past five years. Burglary cases peaked in 2021 with 157 incidents but dropped to 111 in 2022, while larceny-theft, though high in 2018 with 668 cases, showed a gradual decline to 325 incidents by 2022. Motor vehicle thefts remained relatively low but consistent, hovering between 9 and 18 cases annually. Vandalism and fraud rates have shown some variability but stayed mostly stable. These trends could be critical for real estate investors, appraisers, and insurance agents when evaluating property risks and valuations.
Demographics
Canyon County, Idaho, exhibits intriguing trends across various demographics. The adult population is fairly balanced with slightly more females than males. Educational attainment reflects a community where the majority have completed high school, but a substantial portion has not pursued education beyond some college. Age distribution reveals a youthful demographic, with a significant number of residents under 34 years old. The racial composition is predominantly white, but there's notable... Read more
Race Distribution in Canyon County, Idaho (2022)
Educational Attainment in Canyon County, Idaho (2022)
Age Distribution in Canyon County, Idaho
Citizen Population in Canyon County, Idaho (2022)
Political Trends & Data
Canyon County, Idaho tends to lean heavily Republican, evident by the significant percentage of votes Republican candidates received in the 2020 U.S. Presidential Election. Democratic support is notably lower, with minimal backing for Libertarian and almost no support for Green or other minor parties. This Republican preference might imply that conservative policies find greater favor with the area's... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Canyon County in Idaho seems to show patterns favoring Republican candidates, as evidenced by the high percentage of votes they received in the 2020 U.S. Presidential Election. Democratic votes appear to be significantly lower, with minor support for Libertarians and virtually no backing for Green or other parties. This Republican lean could suggest conservative-leaning policies resonate more with the local electorate.
68.31% of voters voted for the Republican party in the 2020 Presidential Election
28.63% of voters voted for the Democrat party in the 2020 Presidential Election
1.88% of voters voted for the Livertarian party in the 2020 Presidential Election
1.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
Canyon County, Idaho has maintained a student-to-teacher ratio above the national average, with figures ranging from 21 students per teacher in 2014 to around 18 more recently. This trend could signal a demand for more educational facilities and may affect family decisions about moving to the area due to potential concerns over larger class sizes. Real estate professionals should be prepared to address these issues, while appraisers and insurance agents might see this data as influencing... Read more
Student-to-teacher ratio in Canyon County, Idaho over the last 10 years
Over the past ten years, Canyon County, Idaho has consistently had a higher student-to-teacher ratio compared to the national average of fourteen students per teacher. The ratio ranged from 21 in 2014 to about 18 in recent years, indicating potential challenges in providing individualized attention in classrooms. Investors and developers may see this as an indicator of growing demand for educational facilities. Families considering a move might be cautious, expecting larger class sizes. Real estate agents should be prepared to address concerns about school quality. Insurance agents and appraisers might also use this data to evaluate property value growth potential, considering the implications for community services.
