Jerome County Real Estate and Livability Trends
Jerome County, Idaho, offers a compelling mix of affordability and growth. Home values have risen from $135,800 in 2015 to $234,300 in 2022, suggesting attractive investment opportunities in a less saturated market compared to the state average. Increased interest in residential energy improvements, reflected in a peak average tax credit of $4,866.67 in 2018, points to a community keen on... Read more
Jerome County Market Trends
Jerome County, Idaho, has seen its median home values rise from $135,800 in 2015 to $234,300 in 2022, a slower growth compared to the state average but still significant. While Idaho as a whole saw a median home value increase from $162,900 to $331,600, Jerome County remains more affordable, suggesting potential investment opportunities in a less saturated market. Average real estate taxes per... Read more
Median Value of Occupied Housing Units in Jerome County, Idaho Over the Last 8 Years
Jerome County, Idaho, has experienced a steady rise in median home values over the past eight years, with prices jumping from $135,800 in 2015 to $234,300 in 2022. This local trend is fascinating when compared to broader markets; Idaho as a whole saw its median home values increase from $162,900 to $331,600 in the same period, showing a more pronounced growth. Nationally, home values grew from $125,500 in 2015 to $179,400 in 2022. The data suggests that while Jerome County is growing, it remains more affordable than the state average, potentially offering solid investment opportunities in a less saturated market.
Residential Energy Tax Credit Per Tax Return in Jerome County, ID Over the Last 9 Years
Investment in residential energy improvements in Jerome County, Idaho saw significant variability over the past nine years, with average tax credits per return peaking dramatically in 2018 at $4,866.67, a stark contrast to the $292.31 average in 2014. Notably, a considerable spike also occurred in 2017, suggesting a potential legislative or market-driven incentive surge. The data suggests heightened interest and financial commitment to energy efficiency, which could be appealing for investors, appraisers, and insurance agents forecasting the area's real estate market trends and the increasing propensity for energy-conscious home improvements.
Average Real Estate Taxes Per Tax Return in Jerome County, ID Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Jerome County, Idaho have shown a significant upward trajectory, almost doubling from $1,590.67 in 2012 to $3,160.00 in 2021. There was a notable surge between 2017 and 2018, where taxes jumped from $1,864.19 to $2,513.33, suggesting a rapid increase in property values or tax rates that could impact both investments and cost of living. This trend could be particularly relevant for real estate agents and potential investors as it may reflect an evolving economic landscape and property market in the county.
Percentage of Farm Returns in Jerome County, ID Over the Last 10 Years
Over the last decade, Jerome County, Idaho, has seen a slight but noticeable decrease in the percentage of farm tax returns. Starting at approximately 4.85% in 2012 and gradually declining to about 3.88% by 2021, this trend might signal a shift in the economic landscape or farming practices within the county. Farm tax returns are a critical indicator of the agricultural sector's vitality, reflecting both the number of farming operations and their financial health. For potential investors, developers, and new residents, understanding this trend can offer insights into the local economy and help gauge future opportunities or challenges in the agricultural market.
Number of Mortgages by Occupancy Type in Jerome County, ID Over the Last 5 Years in Jerome County
The trend in mortgage counts in Jerome County, Idaho, highlights a notable majority of mortgages for principal residences compared to investment or second properties across the last five years. There is a clear fluctuation in the number of principal residence mortgages, peaking in 2021, which can hint at local housing demand trends. For potential investors, the relatively low and stable number of investment property and second residence mortgages might imply less competition in these segments. Appraisers and insurance agents can use these patterns to assess risk and property value stability, informing their market strategies. Real estate agents and those considering a move might see this as an indicator of a predominantly owner-occupied market, suggesting neighborhood stability and possibly tighter community ties.
Economic Outlook
Jerome County, Idaho has experienced a notable increase in average taxable income over the past nine years, rising from $31,753.17 in 2013 to $58,001.26 in 2021. At the same time, average state and local income taxes have surged from $4,867.88 in 2012 to $10,810.00 in 2021, with a particularly sharp rise starting in 2017. Additionally, average total tax liability saw a significant jump, hitting $7,588.62 in 2021. These trends suggest improved financial wellbeing for residents but also indicate... Read more
Average Taxable Income per Tax Return in Jerome County, ID over the last 9 years
Jerome County, Idaho has seen a notable upward trend in average taxable income per tax return over the past nine years, rising from $31,753.17 in 2013 to $58,001.26 in 2021. This consistent increase may indicate a growing economic base and improved financial wellbeing for residents. These trends could attract potential investors and new homeowners looking for a county with positive economic growth, making Jerome County an interesting consideration for both property development and long-term living.
Average State and Local Income Taxes Per Tax Return in Jerome County, ID Over the Last 10 Years
Jerome County, Idaho has seen a notable increase in average state and local income taxes per tax return over the past decade. From $4,867.88 in 2012, the figure has surged to $10,810.00 in 2021. This upward trend is particularly sharp from 2017 onwards, indicating that taxpayers in Jerome County are bearing a significantly higher tax burden now compared to ten years ago. The rapid rise could impact decisions on investment, property development, and residential relocation in the area.
Average Total Tax Liability Per Tax Return in Jerome County, ID Over the Last 10 Years
Jerome County, Idaho has seen a notable increase in the average total tax liability per tax return over the past decade. Between 2012 and 2019, the values fluctuated moderately, ranging from around $5,750.00 to $6,025.61. However, there was a significant jump in 2020 and 2021, with the average hitting $7,191.41 and $7,588.62 respectively. This suggests a potential shift in the economic landscape or changes in tax policies that could be of interest to investors and residents considering the area's financial climate.
Cost of Living in Jerome County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,391 | $1,404 | $1,785 | $1,099 | $1,193 |
| 1 adult 4 children | $1,391 | $1,146 | $1,378 | $1,099 | $1,328 |
| 2 adults 3 children | $1,391 | $1,147 | $1,543 | $1,099 | $962 |
| 1 adult 3 children | $1,391 | $936 | $1,135 | $1,099 | $1,071 |
| 2 adults 2 children | $996 | $939 | $1,300 | $957 | $775 |
| 1 adult 2 children | $996 | $701 | $893 | $957 | $716 |
| 2 adults 1 child | $996 | $742 | $1,057 | $496 | $726 |
| 1 adult 1 child | $996 | $479 | $650 | $496 | $621 |
| 2 adults | $757 | $596 | $815 | $0 | $601 |
| 1 adult | $666 | $325 | $407 | $0 | $555 |
Safety trends & Data
Jerome County, Idaho has experienced notable fluctuations in property crime rates over the past five years, affecting local real estate market dynamics. Larceny-theft peaked at 75.0 incidents in 2020 but dropped to 43.0 by 2022, while burglary cases similarly surged to 23.0 in 2020 before falling dramatically to 3.0 by 2022. Vandalism increased until 2020 with 22.0 incidents, then declined to 11.0 by 2022. Fraud incidents spiked in both 2020 and 2022 with 9.0 and 10.0 cases, respectively. These... Read more
Property Crime Trends in Jerome County, ID Over the Last 5 Years
Jerome County, Idaho, has seen fluctuating property crime rates over the past five years with some interesting patterns. While larceny-theft cases peaked at 75.0 incidents in 2020, they notably dropped to 43.0 incidents by 2022. Burglary followed a similar upward trend until 2020 with 23.0 cases before dramatically decreasing to 3.0 by 2022. Vandalism showed a gradual increase until 2020 with 22.0 incidents before dropping to 11.0 in 2022. Noteworthy spikes in fraud were observed in 2020 and 2022 with 9.0 and 10.0 incidents respectively. These shifts could influence local real estate market dynamics and risk assessments for investors and insurance agents.
Demographics
Jerome County, Idaho shows a balanced gender split among adults, with nearly equal numbers of males and females. Educational attainment data suggests a significant portion of the population hasn’t progressed beyond high school, while a smaller segment pursues higher education degrees. Examining age distribution, the county has a higher concentration of residents under the age of 34, implying a relatively youthful population. Racially, Jerome County is predominantly White, with very small... Read more
Race Distribution in Jerome County, Idaho (2022)
Educational Attainment in Jerome County, Idaho (2022)
Age Distribution in Jerome County, Idaho
Citizen Population in Jerome County, Idaho (2022)
Political Trends & Data
Jerome County, Idaho might reflect a predominantly conservative voter base, with around 73.4% of votes possibly going to the Republican candidate in the 2020 U.S. Presidential Election. Democrats could have received about 24.2% of the vote, while Libertarians and other parties collectively captured roughly 2.3%. This distribution might suggest robust Republican support and limited backing for third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jerome County in Idaho might reflect strong Republican leanings, with roughly 73.4% of votes possibly going to the Republican candidate in the 2020 U.S. Presidential Election. Democrats, on the other hand, could have garnered about 24.2% of the vote. Libertarians and other parties might have had marginal impacts, capturing approximately 1.3% and 1% respectively. These proportions could hint at a predominantly conservative voter base, with limited support for third-party candidates.
73.40% of voters voted for the Republican party in the 2020 Presidential Election
24.23% of voters voted for the Democrat party in the 2020 Presidential Election
1.28% of voters voted for the Livertarian party in the 2020 Presidential Election
1.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
Jerome County, Idaho's student-to-teacher ratio has fluctuated over the past decade, peaking at 22 students per teacher in 2018, and dropping to an average of 14 by 2023. These shifts could indicate changing population dynamics, a key consideration for investors and developers. Lower ratios might also appeal to families seeking personalized education, making the area potentially attractive for new movers. For real estate agents, this trend can be a valuable talking point when discussing... Read more
Student-to-teacher ratio in Jerome County, Idaho over the last 10 years
Over the last decade, the student-to-teacher ratio in Jerome County, Idaho has seen fluctuations, peaking at 22 students per teacher in 2018 before dropping closer to the national average of 14 students per teacher by 2023. These changes in the student-to-teacher ratio can have significant implications for those with various interests in the area. Investors might find shifting ratios reflective of changing population dynamics, while potential movers could view lower ratios as a sign of accessible, individualized education. For appraisers and insurance agents, variations could indicate trends in local development and property values. Real estate agents might use this data to highlight advantages or address concerns about educational resources. Lower ratios often signify more personalized attention for students, an appealing factor for families considering relocation.
