Gem County Real Estate and Livability Trends
In Gem County, Idaho, average taxable income per tax return rose from about $42,714.45 in 2013 to around $66,494.26 in 2021, indicating potential economic growth that could attract investors and potential new residents. Median home values have surged from 2015 to 2022, outpacing both national and state trends, reflecting increased demand and possibly lucrative opportunities for homebuyers and... Read more
Gem County Market Trends
The median home value in Gem County, Idaho, has risen dramatically from 2015 to 2022, outpacing both national and state trends, signaling increased demand and potentially lucrative opportunities for homebuyers and investors. Meanwhile, the average residential energy tax credit per return saw a remarkable spike in 2018, suggesting a growing focus on energy-efficient home upgrades, possibly... Read more
Median Value of Occupied Housing Units in Gem County, Idaho Over the Last 8 Years
The median home value in Gem County, Idaho, experienced substantial growth over the past eight years, rising from $140,200 in 2015 to $324,700 in 2022. This increase outpaces both the national trend, which went from $125,500 to $179,400, and the state of Idaho, where median values increased from $162,900 to $331,600 over the same period. This trend might suggest increasing demand and investment interest in Gem County compared to broader trends, indicating potential opportunities for investors and homebuyers.
Residential Energy Tax Credit Per Tax Return in Gem County, ID Over the Last 9 Years
In Gem County, Idaho, over the past nine years, there's been a significant upward trend in the average residential energy tax credit per tax return. Beginning from $242.86 in 2013, the credits peaked dramatically at $4,550.00 in 2018. This spike suggests a growing investment in energy-efficient home upgrades, possibly driven by rising energy costs or increased incentives. For real estate agents, appraisers, and insurance agents, understanding this trend could highlight a potential shift towards more energy-efficient properties, which might appeal to environmentally-conscious buyers or investors aiming for long-term savings. Builders and property developers might also find this trend indicative of local market demand for energy-efficient housing solutions.
Average Real Estate Taxes Per Tax Return in Gem County, ID Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Gem County, Idaho have shown a notable upward trend, rising from $1,415.72 in 2012 to $2,760.00 in 2021. This more than 90% increase indicates potentially growing property values and heightened demand, making it an area of interest for investors and real estate professionals. It's also a key consideration for current and prospective homeowners, as escalating taxes could affect overall affordability.
Percentage of Farm Returns in Gem County, ID Over the Last 10 Years
Farm tax returns in Gem County, Idaho have shown a general decrease over the last decade, from approximately 8.24% in 2012 to around 6.93% in 2021. The highest point was about 8.73% in 2015, whereas the lowest dipped close to 6.65% in 2020. This trend may suggest changing dynamics in the county's agricultural economy, possibly impacting land values and investment opportunities for those looking to move to, construct property in, or engage economically within the region. Farm tax returns are important indicators of the financial health of local agriculture, as they reflect income generated by farming activities, potentially influencing related economic decisions and policy planning.
Number of Mortgages by Occupancy Type in Gem County, ID Over the Last 5 Years in Gem County
In Gem County, Idaho, the trend in mortgage counts over the past five years shows a significant focus on principal residences, with numbers peaking in 2021 at 2109. Investment properties and second residences have seen relatively stable but lower activity, with investment property mortgages decreasing slightly from 47 in 2018 to 33 in 2022. Changes in occupancy type can impact demand for services, local tax revenue, and community planning. For investors, a marked preference for principal residences might indicate a stable, family-oriented market. Real estate agents and developers might prioritize amenities and services catering to long-term residents, while insurance agents might adjust their risk assessments accordingly. Such insights can guide decisions on where to allocate resources or target marketing efforts.
Economic Outlook
In Gem County, Idaho, the average taxable income per tax return has surged from about $42,714.45 in 2013 to around $66,494.26 in 2021. Such a rise could signal economic growth, attracting interest from investors and those considering relocating. Additionally, average state and local income taxes per tax return have climbed from $4,245.26 in 2012 to $11,200.00 in 2021, with notable increases in 2018 and 2020. This may reflect economic shifts or policy changes, affecting property affordability... Read more
Average Taxable Income per Tax Return in Gem County, ID over the last 9 years
In recent years, Gem County, Idaho has seen a steady increase in the average taxable income per tax return, rising from approximately $42,714.45 in 2013 to around $66,494.26 in 2021. This upward trend suggests potential economic growth, which could interest investors and those looking to relocate. The significant jumps in 2018 and 2020, in particular, may indicate factors such as business growth, higher wages, or demographic shifts that could further affect property values and investment opportunities in the area.
Average State and Local Income Taxes Per Tax Return in Gem County, ID Over the Last 10 Years
Gem County, Idaho has seen a steady increase in average state and local income taxes per tax return over the last decade, with figures rising from $4,245.26 in 2012 to $11,200.00 by 2021. Particularly notable spikes occurred in 2018 and 2020, suggesting economic or policy changes that could be impacting residents' financial obligations. This trend is essential for potential investors and new residents, highlighting evolving tax burdens which may influence property affordability and living costs in the region.
Average Total Tax Liability Per Tax Return in Gem County, ID Over the Last 10 Years
Over the past decade, Gem County, Idaho has seen a noticeable increase in the average total tax liability per tax return. Starting at $5,260.25 in 2012, it gradually climbed to $9,403.93 by 2021. This ascending trend may hint at rising incomes or changes in tax policies, making it noteworthy for potential investors and residents evaluating economic conditions and financial planning in the area.
Cost of Living in Gem County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,447 | $1,492 | $1,582 | $1,277 | $1,223 |
| 1 adult 4 children | $1,447 | $1,218 | $1,221 | $1,277 | $1,374 |
| 2 adults 3 children | $1,447 | $1,219 | $1,367 | $1,277 | $992 |
| 1 adult 3 children | $1,447 | $995 | $1,006 | $1,277 | $1,118 |
| 2 adults 2 children | $1,082 | $998 | $1,152 | $1,114 | $806 |
| 1 adult 2 children | $1,082 | $745 | $791 | $1,114 | $767 |
| 2 adults 1 child | $1,082 | $789 | $937 | $582 | $741 |
| 1 adult 1 child | $1,082 | $509 | $576 | $582 | $640 |
| 2 adults | $822 | $633 | $722 | $0 | $587 |
| 1 adult | $770 | $346 | $361 | $0 | $560 |
Safety trends & Data
Gem County, Idaho, has seen notable fluctuations in property crime trends over the past five years. Larceny-Theft peaked in 2021 with 7 reported cases, almost double the previous year. Burglary and Vandalism arrests also peaked in 2022 and 2021, respectively, while Fraud and Motor Vehicle Theft remained relatively low and stable. These patterns could be crucial for investors, insurance agents, and real estate professionals when assessing security risks and trends in the... Read more
Property Crime Trends in Gem County, ID Over the Last 5 Years
Property crime in Gem County, Idaho, shows varying trends over the past five years with notable fluctuations in specific categories. Larceny-Theft, the most prevalent crime, peaked significantly in 2021 with 7 reported cases, almost double that of the previous year. Burglary and Vandalism arrests also varied, with both seeing their highest numbers in 2022 and 2021 respectively. Interestingly, instances of Fraud and Motor Vehicle Theft remained relatively low and stable. These patterns could provide crucial insights for potential investors, insurance agents, and real estate professionals assessing security risks and trends in the area.
Demographics
Gem County, Idaho exhibits a relatively balanced gender distribution with males making up just under half. The county's educational attainment levels show a substantial portion of residents have completed high school or some college, though fewer hold advanced degrees. Age-wise, the population skews towards older adults, with notable numbers in the 55 to 74 years brackets. The racial composition is predominantly White, with other racial groups present in significantly smaller... Read more
Race Distribution in Gem County, Idaho (2022)
Educational Attainment in Gem County, Idaho (2022)
Age Distribution in Gem County, Idaho
Citizen Population in Gem County, Idaho (2022)
Political Trends & Data
Gem County in Idaho leans heavily Republican, with around 80% of the vote in the 2020 U.S. Presidential Election going to the GOP. Democrats captured a little over 18%, suggesting a small but perhaps consistent base. Libertarians and other minor parties barely registered, each securing roughly 1% of votes. This political landscape points to a conservative stronghold with minimal third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gem County in Idaho saw a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, with nearly 80% of the vote. This could suggest a deeply entrenched conservative base. Democrats garnered just over 18%, indicating limited but potentially stable support. Libertarians and other parties were barely on the radar, each capturing just around 1% of the vote. These results may imply a relatively homogenous political landscape with minimal influence from third parties.
79.85% of voters voted for the Republican party in the 2020 Presidential Election
18.11% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.83% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Gem County, Idaho has fluctuated, peaking at about 17 students per teacher in 2014 and dipping to around 14.5 in 2016, with an overall average hovering near 15. This ratio is slightly higher than the national average of 14 students per teacher, which may influence educational quality, teacher workload, and classroom size. For potential investors, prospective residents, and educational stakeholders, understanding these dynamics could be crucial when evaluating the... Read more
Student-to-teacher ratio in Gem County, Idaho over the last 10 years
Over the past decade, the student-to-teacher ratio in Gem County, Idaho has seen some fluctuations, ranging from a high of about 17 students per teacher in 2014 to a low of approximately 14.5 in 2016. Generally, the ratio has hovered around 15, which is slightly above the national average of 14 students per teacher. This could impact educational quality, teacher workload, and classroom size, making it a key consideration for potential investors, prospective residents, and educational stakeholders evaluating the area's schooling environment.
