Gooding County Real Estate and Livability Trends
Gooding County, Idaho, has seen average taxable income almost double from $20,752.07 in 2013 to $55,288.40 in 2021, hinting at richer economic opportunities and a more affluent tax base. Yet, the region's average state and local tax burden has also climbed from $5,056.32 in 2012 to $12,046.67 by 2021, suggesting higher living costs alongside improved public services. Housing trends show the... Read more
Gooding County Market Trends
The median home value in Gooding County, Idaho rose from $127,700 in 2015 to $197,800 by 2022, making it more affordable than the broader state and national markets, potentially attracting investors. Energy tax credits per return saw significant fluctuations, peaking at $2,100.00 in 2019, hinting at a trend towards energy-efficient home upgrades. Real estate taxes also increased steadily, with a... Read more
Median Value of Occupied Housing Units in Gooding County, Idaho Over the Last 8 Years
The median home value in Gooding County, Idaho has seen a steady climb, starting from $127,700 in 2015 and reaching $197,800 by 2022. This rate of increase is somewhat slower than the broader state trend – Idaho’s median home values surged from $162,900 to $331,600 over the same period. Nationally, the median home value grew from $125,500 in 2015 to $179,400 in 2022, making Gooding County's market appear more affordable and potentially attractive for investment compared to the overall Idaho and national markets.
Residential Energy Tax Credit Per Tax Return in Gooding County, ID Over the Last 8 Years
Gooding County, Idaho has experienced significant fluctuations in residential energy tax credits per tax return over the past eight years, with values peaking at $2,100.00 in 2019. The tax credits notably jumped from $242.86 in 2016 to $1,375.00 in 2017, reflecting a potentially growing investment in energy-efficient upgrades. This trend continued with elevated figures surpassing $2,000.00 in subsequent years, possibly indicating an increasing trend towards sustainable living practices and improvements in energy-efficient home upgrades. These insights could be crucial for investors, real estate professionals, and homeowners aiming to capitalize on energy incentives or seeking energy-efficient properties in the area.
Average Real Estate Taxes Per Tax Return in Gooding County, ID Over the Last 10 Years
Gooding County, Idaho has seen a steady increase in real estate taxes per return over the past decade, with notable jumps around 2018 and 2021. These increasing trends in real estate taxes might indicate rising property values or higher funding needs for public services, both signal positives for potential investors and real estate developers. For those moving to the area, understanding these increases could be crucial in financial planning. The marked tax spike in 2018, from $1,602.33 in 2017 to $2,205.88, suggests significant policy or infrastructure developments.
Percentage of Farm Returns in Gooding County, ID Over the Last 10 Years
Gooding County, Idaho has seen a fluctuating trend in the percentage of farm tax returns over the last decade. Starting at roughly 8.47% in 2012, the percentage slightly declined to 8.41% in 2013 and continued a gradual decrease until hitting a low of 6.97% in 2020. However, there was a slight uptick to 7.03% by 2021. Farm tax returns help measure the financial health of the agricultural sector, indicating how many farms are profitable enough to owe taxes. For investors, developers, and current residents, these numbers might signal shifting economic conditions that could impact decisions on property investment or development in Gooding County.
Number of Mortgages by Occupancy Type in Gooding County, ID Over the Last 5 Years in Gooding County
In Gooding County, Idaho, there's a consistent rise in mortgage counts for principal residences over the past five years, peaking in 2021 with 1,014, before declining to 745 in 2022. Investment properties and second residences have shown more variability but generally remain a smaller portion of the market. Shifts in occupancy types, especially the strong demand for principal residences, can influence property values, investment risk assessments, and insurance considerations. Investors and developers might find trends towards increasing primary home ownership appealing for stability, while the flux in other categories suggests more cautious opportunities.
Economic Outlook
Gooding County, Idaho, has witnessed substantial growth in average taxable income per tax return, nearly doubling from $20,752.07 in 2013 to a peak of $55,288.40 in 2021. This rise could signal enhanced economic opportunities and a more affluent tax base, appealing to investors and developers. Meanwhile, the average state and local income tax burden has escalated from $5,056.32 in 2012 to $12,046.67 by 2021. This suggests thriving economic activity and improved public services, albeit with... Read more
Average Taxable Income per Tax Return in Gooding County, ID over the last 9 years
Over the past nine years, Gooding County, Idaho, has seen remarkable fluctuation and growth in average taxable income per tax return. Starting at around $20,752.07 in 2013, this figure nearly doubled by 2014, reaching $37,186.79. Despite some oscillations in the interim years, the trend has been upward, culminating in a peak of $55,288.40 in 2021. This increase indicates a potential uptick in economic opportunities and could suggest a more affluent tax base, which might interest investors, property developers, and prospective residents looking for a community with increasing financial prosperity.
Average State and Local Income Taxes Per Tax Return in Gooding County, ID Over the Last 10 Years
Gooding County, Idaho has seen a significant rise in average state and local income taxes per tax return over the past decade. Starting at $5,056.32 in 2012, the average tax burden increased substantially, hitting $12,046.67 by 2021. This upward trend indicates a growing economic activity and increased tax base in the area, which can be a double-edged sword for potential investors and residents. Higher taxes often suggest an expanding infrastructure and improved public services, making the county attractive for development, yet they also mean a higher cost of living. This dynamic can influence decisions for those looking to invest in property, move to, or build homes in Gooding County.
Average Total Tax Liability Per Tax Return in Gooding County, ID Over the Last 10 Years
Gooding County, Idaho, has seen some noticeable fluctuations in average total tax liability per tax return over the past decade. Starting at $5,724.14 in 2012, there was a significant increase in 2014 with taxpayers averaging $6,658.53. After some variability, 2021 saw the highest rate at $7,538.29. Folks looking to invest or move here may find these trends useful for financial planning, as tax burdens have notably varied, impacting both household budgets and investment returns.
Cost of Living in Gooding County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,193 | $1,404 | $1,771 | $1,054 | $1,069 |
| 1 adult 4 children | $1,193 | $1,146 | $1,371 | $1,054 | $1,186 |
| 2 adults 3 children | $1,193 | $1,147 | $1,528 | $1,054 | $843 |
| 1 adult 3 children | $1,193 | $936 | $1,128 | $1,054 | $931 |
| 2 adults 2 children | $907 | $939 | $1,285 | $914 | $722 |
| 1 adult 2 children | $907 | $701 | $885 | $914 | $653 |
| 2 adults 1 child | $907 | $742 | $1,042 | $458 | $676 |
| 1 adult 1 child | $907 | $479 | $642 | $458 | $574 |
| 2 adults | $699 | $596 | $799 | $0 | $574 |
| 1 adult | $690 | $325 | $400 | $0 | $561 |
Safety trends & Data
In Gooding County, Idaho, property crime rates may be on the decline, with burglary incidents dropping to zero by 2021-2022 and larceny-theft decreasing to 6 occurrences in 2022. Vandalism has fluctuated but generally decreased, showing a significant dip in 2022. These downward trends in property crime could be a positive sign for potential investors, property developers, and those considering relocating to the... Read more
Property Crime Trends in Gooding County, ID Over the Last 5 Years
In Gooding County, Idaho, over the past five years, there appears to be a noticeable decline in burglary and larceny-theft incidents, with burglary dropping from 11 occurrences in 2018 to none by 2021-2022. Larceny-theft also shows a downward trend, peaking at 11 occurrences in 2018 but decreasing to 6 in 2022. Vandalism has fluctuated but generally trended downward with a noticeable dip in 2022. This data suggests improvements in property crime rates, which could be a positive indicator for potential investors, property developers, and those considering a move to the area.
Demographics
Gooding County, Idaho, shows a roughly equal gender distribution in its adult population, suggesting a balanced demographic structure. The educational attainment levels indicate a strong presence of high school graduates and those with some college experience, though a large segment has not pursued education beyond 12th grade. Age-wise, the county has significant clusters in the younger and middle-aged categories, hinting at a potential need for diverse community services. Regarding racial... Read more
Race Distribution in Gooding County, Idaho (2022)
Educational Attainment in Gooding County, Idaho (2022)
Age Distribution in Gooding County, Idaho
Citizen Population in Gooding County, Idaho (2022)
Political Trends & Data
Gooding County, Idaho, is potentially a strong Republican stronghold, with the GOP possibly securing over three-quarters of the vote in the 2020 U.S. Presidential Election. Democrats lagged behind, attracting roughly one-fifth of the votes, while Libertarians and other parties struggled to gain traction, each hovering just above 1%. This conservative tilt might be a key factor for Republican candidates aiming to solidify their... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Gooding County, Idaho, the 2020 U.S. Presidential Election results hint at a strong Republican lean, with the party possibly receiving over three-quarters of the votes. Democrats trailed significantly, gathering around one-fifth of the support, while Libertarians and other parties barely made a mark, each hovering at just over 1%. This pattern suggests that Gooding County might be a reliably conservative stronghold, making it crucial for Republican candidates aiming to consolidate their base.
77.01% of voters voted for the Republican party in the 2020 Presidential Election
20.76% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Livertarian party in the 2020 Presidential Election
1.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Gooding County, Idaho has experienced notable fluctuations in the student-to-teacher ratio, with a sharp increase to 48 in 2021 followed by a decrease to around 22 in 2023. Much of the past decade saw ratios around 15, close to the national average of 14. A sustainable ratio could suggest stable funding and effective school district management, potentially intriguing investors and homebuyers. However, the volatility might caution appraisers and insurance agents due to potential systemic issues... Read more
Student-to-teacher ratio in Gooding County, Idaho over the last 10 years
Gooding County, Idaho has seen notable fluctuations in the student-to-teacher ratio over the past decade, with a significant spike to forty-eight in 2021, though it decreased to roughly twenty-two in 2023. Despite these variations, much of the decade saw ratios hovering around fifteen, initially aligning closely with the national average of fourteen students per teacher. A sustainable student-to-teacher ratio could hint at stable funding and effective school district management, which might intrigue potential investors, homebuyers, and real estate agents considering the area. Such volatility, however, might warrant caution for appraisers and insurance agents as it could reflect broader systemic issues or temporary anomalies impacting community desirability and property values.
