Franklin County Real Estate and Livability Trends
Franklin County, Idaho has observed a sharp rise in average taxable income, from $44,207.14 in 2013 to $66,708.71 in 2021, hinting at a thriving local economy. Median home values soared from $160,900 in 2015 to $269,100 in 2022, aligning with broader real estate trends. Significant increases in residential energy tax credits and real estate taxes reflect a focus on energy-efficient improvements... Read more
Franklin County Market Trends
Franklin County, Idaho has seen median home values rise from $160,900 in 2015 to $269,100 in 2022, indicating stable, long-term value appreciation within the context of broader real estate trends in Idaho and the nation. Residential energy tax credits have spiked, with averages climbing to $2,550.00 by 2021, suggesting heightened interest in energy-efficient home improvements. Real estate taxes... Read more
Median Value of Occupied Housing Units in Franklin County, Idaho Over the Last 8 Years
Franklin County, Idaho has experienced a notable rise in median home values over the past eight years, reaching $269,100 in 2022, up from $160,900 in 2015. Though this growth reflects broader trends seen across both Idaho and the nation, Franklin County’s rate of increase seems steadier and generally less volatile. This may present an appealing scenario for potential investors and homeowners seeking stable, long-term value appreciation. Compared to Idaho’s median home value growth ending at $331,600 in 2022, Franklin County appears to offer slightly more affordability within the state while still outperforming the national median, which reached $179,400 in 2022.
Residential Energy Tax Credit Per Tax Return in Franklin County, ID Over the Last 8 Years
Residential energy tax credits in Franklin County, Idaho have experienced significant fluctuations over the past eight years. In 2013, they averaged around $235.71 per tax return but then dipped to $200.00 in 2014 before surging to $1500.00 by 2017. More recent years have seen even higher averages, peaking at $2550.00 in 2021. This upward trend could suggest a growing interest in energy-efficient home improvements, making Franklin County an attractive area for those looking to invest in sustainable property improvements.
Average Real Estate Taxes Per Tax Return in Franklin County, ID Over the Last 10 Years
Over the past decade, Franklin County, Idaho has seen a notable increase in average real estate taxes per tax return. In 2012, the average tax was $1,490.00, but by 2021, it had escalated to approximately $2,711.63. The most substantial jumps occurred from 2017 to 2018 and 2018 to 2019, indicating a potential reevaluation of property values or changes in tax rates. Such a trend may influence decisions for those considering investments, relocations, or new property developments in the region.
Percentage of Farm Returns in Franklin County, ID Over the Last 10 Years
Over the last decade, Franklin County, Idaho, has seen a gradual decline in the percentage of farm tax returns. In 2012, farm returns were at approximately 13.25%, but this figure has steadily decreased, reaching roughly 10.18% by 2021. Farm tax returns reflect the proportion of tax filings coming from agricultural activities, suggesting a potential shift in the local economy or challenges within the farming sector. This trend might be of interest for those considering investing in or moving to the area, as it could imply changing opportunities in agricultural business or a diversification of the economic base in Franklin County.
Number of Mortgages by Occupancy Type in Franklin County, ID Over the Last 5 Years in Franklin County
Franklin County, Idaho has shown a notable trend in mortgage counts by occupancy type over the last five years, with the majority being for principal residences. The number of mortgages for principal residences peaked in 2021 at 1206 but saw a decline to 740 in 2022. Investment properties and second residences have remained significantly lower, with minor fluctuations, but a general increase in investment property mortgage counts from 14 in 2018 to 47 in 2021. This shift implies that Franklin County is predominantly a residential area rather than a major hub for investment or vacation homes. For investors, the steady proportion of investment property mortgages might indicate emerging opportunities. Real estate agents and insurance agents might consider these dynamics to better assess market reliability and risk. Developers and those looking to build could view the consistent dominance of principal residences as a marker for potentially stable, community-centric development.
Economic Outlook
Franklin County, Idaho has shown a robust rise in average taxable income per tax return over the last nine years, growing from $44,207.14 in 2013 to $66,708.71 in 2021. This implies an improving local economy, especially with a sharp increase noted in 2020 and 2021. Additionally, average state and local income taxes have climbed from roughly $3,773.50 in 2012 to around $9,559.09 in 2021, indicating potential economic or policy shifts, particularly between 2017 and 2018. Furthermore, average... Read more
Average Taxable Income per Tax Return in Franklin County, ID over the last 9 years
Franklin County, Idaho has seen a steady increase in average taxable income per tax return over the past nine years, starting from $44,207.14 in 2013 and growing to $66,708.71 by 2021. This upward trend, especially the sharp climb in 2020 and 2021, suggests economic growth and potentially higher earning opportunities in the area. Such trends are critical for potential investors, new residents, and property developers as they may reflect a strengthening local economy and rising income levels, which can impact investment returns and the overall quality of life.
Average State and Local Income Taxes Per Tax Return in Franklin County, ID Over the Last 10 Years
Franklin County, Idaho has experienced a steady increase in average state and local income taxes per tax return over the past decade, with figures rising from approximately $3,773.50 in 2012 to about $9,559.09 in 2021. The notable uptick particularly between 2017 and 2018 suggests significant economic or policy changes during this period. This increasing tax trend is vital for potential investors, new residents, and property developers to consider when planning their financial strategies and anticipating living costs in the area.
Average Total Tax Liability Per Tax Return in Franklin County, ID Over the Last 10 Years
Over the past decade, Franklin County, Idaho has seen fluctuating yet generally increasing trends in average total tax liability per tax return. In 2012, residents faced an average liability of around $4,513.50, which surged to $8,729.52 by 2021. Notable spikes are seen in 2015, with a significant increase to $6,273.30, and again in 2020 with values peaking at $6,602.40, leading up to the highest recorded in 2021. This pattern may suggest strong economic growth, potentially making Franklin County an attractive location for potential investors and new residents who are mindful of economic dynamics.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,052 | $1,464 | $1,714 | $1,277 | $1,145 |
| 1 adult 4 children | $1,052 | $1,195 | $1,323 | $1,277 | $1,277 |
| 2 adults 3 children | $1,052 | $1,196 | $1,481 | $1,277 | $914 |
| 1 adult 3 children | $1,052 | $976 | $1,090 | $1,277 | $1,020 |
| 2 adults 2 children | $740 | $979 | $1,248 | $1,114 | $762 |
| 1 adult 2 children | $740 | $731 | $857 | $1,114 | $729 |
| 2 adults 1 child | $740 | $774 | $1,015 | $582 | $711 |
| 1 adult 1 child | $740 | $500 | $624 | $582 | $588 |
| 2 adults | $594 | $622 | $782 | $0 | $577 |
| 1 adult | $499 | $339 | $391 | $0 | $530 |
Safety trends & Data
Property crime trends in Franklin County, Idaho over the past five years show fluctuating patterns, potentially impacting risk levels for investors. Burglary incidents decreased from 5.00 in 2018 to 3.00 by 2021, suggesting improved security measures. Larceny-theft peaked at 5.00 in 2020 but dropped to 1.00 by 2022, hinting at effective law enforcement. However, vandalism incidents spiked from 1.00 to 8.00 in 2021 and 2022, raising concerns. Motor vehicle theft and fraud remain relatively low,... Read more
Property Crime Trends in Franklin County, ID Over the Last 5 Years
Property crime trends in Franklin County, Idaho over the past five years show fluctuating patterns, potentially indicating varying risk levels for investors and property developers. Burglary incidents started at 5.0 in 2018, then decreased steadily to 3.0 by 2021, suggesting some improvement in security or community efforts. Larceny-theft incidents peaked at 5.0 in 2020 but dropped significantly to 1.0 by 2022, which could reflect effective law enforcement measures. Notably, vandalism reported a sharp increase from 1.0 incidents in previous years to 8.0 in both 2021 and 2022. Interestingly, motor vehicle theft and fraud remain relatively low, with data points hinting at isolated incidents. These insights help shape policies, security investments, and insurance evaluations in the county.
Demographics
Franklin County, Idaho, exhibits a nearly balanced gender distribution among adults, potentially speaking to a stable household dynamic. Educational attainment shows a concentration of individuals with at least a high school degree, but graduate or professional degrees remain relatively rare. Age-wise, there's a youthful slant, as evidenced by higher numbers in younger age brackets. Racially, the county is predominantly White with minimal representation from other racial groups, reflecting... Read more
Race Distribution in Franklin County, Idaho (2022)
Educational Attainment in Franklin County, Idaho (2022)
Age Distribution in Franklin County, Idaho
Citizen Population in Franklin County, Idaho (2022)
Political Trends & Data
Franklin County, Idaho, saw approximately 88% of its 2020 U.S. Presidential Election votes favor the Republican candidate, indicating a strong conservative streak. The Democratic candidate received nearly 10% of the votes, while Libertarian and other minor parties accounted for about 2%. This suggests a predominantly Republican voter base, although third-party votes hint at some political diversity in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Franklin County, Idaho, the 2020 U.S. Presidential Election results suggest a strong Republican leaning, with approximately 88% of the votes cast for the Republican candidate. The Democratic contender garnered nearly 10%, while Libertarians and other minor parties received a combined total of around 2%. This significant tilt towards the Republican Party is indicative of the county's predominant political alignment, though the presence of third-party votes may hint at a modest, diverse range of political opinions.
87.71% of voters voted for the Republican party in the 2020 Presidential Election
9.86% of voters voted for the Democrat party in the 2020 Presidential Election
1.31% of voters voted for the Livertarian party in the 2020 Presidential Election
1.13% of voters voted for the Other party in the 2020 Presidential Election
School Data
Franklin County, Idaho's student-to-teacher ratio has seen varied changes over the past decade, starting at 19 students per teacher in 2014 and oscillating around 17, with a notable dip to 15 in 2021. These fluctuations could have meaningful impacts on educational quality and, consequently, property values and the area's attractiveness to families. With a national average of about 14 students per teacher, Franklin County's higher ratios suggest larger class sizes, potentially affecting... Read more
Student-to-teacher ratio in Franklin County, Idaho over the last 10 years
Franklin County, Idaho has shown some interesting trends in student-to-teacher ratios over the past decade. Starting at 19 students per teacher in 2014, the ratio has generally dropped to around 17, but with some fluctuations. Notably, the ratio dipped to 15 in 2021 before rising again in 2022. This fluctuating student-to-teacher ratio could affect educational quality and classroom dynamics, potentially impacting property values and the attractiveness of the area for families. Considering that the national average is around 14 students per teacher, Franklin County generally has a higher ration indicating potentially larger class sizes which might prompt investors, builders, and real estate agents to consider the implications for new family-oriented housing developments.
