Owyhee County Real Estate and Livability Trends
In Owyhee County, Idaho, average taxable incomes have risen significantly, hinting at economic growth and making it an attractive spot for investors despite a notable increase in state and local taxes. Housing affordability remains a strong point, with median home values jumping from $122,400 in 2015 to $247,200 in 2022. Rising real estate taxes and fluctuating residential energy tax credits... Read more
Owyhee County Market Trends
Median home values in Owyhee County, Idaho have nearly doubled from $122,400 in 2015 to $247,200 in 2022, still trailing Idaho's median of $331,600. This indicates affordability and growth potential. Residential energy tax credits showed volatility, spiking in 2019 and 2020, reflecting varied investments in energy-efficient improvements—an attractive point for buyers. Real estate taxes rose... Read more
Median Value of Occupied Housing Units in Owyhee County, Idaho Over the Last 8 Years
Over the past eight years, median home values in Owyhee County, Idaho have seen a strong upward trend, rising from $122,400 in 2015 to $247,200 in 2022. While this county's growth is impressive, it is still playing catch-up to Idaho's median home value of $331,600 in 2022. Comparatively, nationwide median home values also increased, reaching $179,400 in 2022. This indicates that Owyhee County may provide more affordable housing options within Idaho, appealing to those looking to invest or move to an area with significant growth potential yet lower entry prices.
Residential Energy Tax Credit Per Tax Return in Owyhee County, ID Over the Last 8 Years
In Owyhee County, Idaho, the residential energy tax credit per tax return has seen substantial fluctuations over the past eight years, showing the biggest spikes in 2019 and 2020 with averages of $2,340.00 and $1,962.50 respectively. The lowest points were in 2013 and 2015, with credits hovering around the $420.00 and $433.33 marks. Interestingly, this volatility may reflect the varying levels of investment in energy-efficient home improvements, which can be a selling point for real estate agents and signify potential savings for homebuyers. For insurance agents and property investors, understanding these trends could offer insight into the evolving value and desirability of homes in this Idaho county.
Average Real Estate Taxes Per Tax Return in Owyhee County, ID Over the Last 10 Years
Over the last decade, Owyhee County, Idaho has experienced an upward trend in average real estate taxes per tax return. Starting from $1,295.31 in 2012, taxes saw a significant increase, peaking at $2,918.75 in 2020 before dipping slightly to $2,421.43 in 2021. This steady rise, especially notable from 2016 onwards, could suggest growing property values or increased tax rates, impacting decisions for potential investors, builders, and residents.
Percentage of Farm Returns in Owyhee County, ID Over the Last 10 Years
In Owyhee County, Idaho, the percentage of farm tax returns has shown a slight but noticeable decrease over the past decade, dipping from approximately 11.98% in 2012 to around 9.28% by 2021. Farm tax returns, essentially the annual tax documents filed by farmers reporting their agricultural income and expenses, offer insights into the economic health and agricultural activity in the region. This gradual decline might signal shifting demographics, changes in farming profitability, or alterations in land use patterns that are important for stakeholders considering investments, property developments, or relocations to Owyhee County.
Number of Mortgages by Occupancy Type in Owyhee County, ID Over the Last 5 Years in Owyhee County
Over the past five years, the number of mortgages for principal residences in Owyhee County, Idaho has generally been higher than for investment and second residences. The volume peaked in 2021 at 937 for primary homes but showed a noticeable drop in 2022 to 573. Investment property mortgages have remained relatively flat, peaking at 29 in 2020 and decreasing afterward. Second residence mortgages are consistently low, with a sharp drop to only 2 in 2022. These shifts in occupancy types could indicate changing demand preferences, potentially influencing market valuations, investment opportunities, and insurance assessments. For investors, real estate agents, and developers, understanding these trends could be crucial in aligning strategies with market dynamics and consumer behavior.
Economic Outlook
Owyhee County, Idaho has seen a considerable rise in average taxable incomes, climbing from approximately $37,482.65 in 2013 to about $59,180.07 in 2021. This upward trend, especially marked from 2018 onwards, might signal economic growth or an influx of higher earners, potentially making the area appealing for investors and new residents. However, state and local income taxes have also surged, from $5,156.36 in 2012 to $12,956.25 in 2021, indicating a growing tax burden that could impact cost... Read more
Average Taxable Income per Tax Return in Owyhee County, ID over the last 9 years
Over the past nine years, Owyhee County, Idaho has experienced notable fluctuations in average taxable income per tax return, rising from approximately $37,482.65 in 2013 to about $59,180.07 in 2021. This steady increase, particularly sharp from 2018 onwards, could indicate economic growth or an influx of higher-earning residents. Such trends may make Owyhee County an attractive prospect for new investors, potential property builders, and those considering relocation. However, one should consider this data in conjunction with other economic factors when making any decisions.
Average State and Local Income Taxes Per Tax Return in Owyhee County, ID Over the Last 10 Years
Over the past decade in Owyhee County, Idaho, state and local income taxes have increased significantly, jumping from $5,156.36 in 2012 to $12,956.25 in 2021. This steady rise, with notable spikes particularly after 2018, suggests a growing tax burden on residents. For those considering investing, relocating, or developing property in the area, this sharp increase in taxes is an important factor to consider when assessing long-term financial impacts and overall cost of living.
Average Total Tax Liability Per Tax Return in Owyhee County, ID Over the Last 10 Years
Owyhee County, Idaho has seen fluctuating average total tax liabilities per tax return over the past decade, with a noticeable upward trend in recent years. The average hovered around $5,566.54 in 2012, fluctuating but generally increasing, hitting $9,264.08 by 2021. This escalation could suggest rising incomes or changes in tax regulations. For those considering investment or relocation here, understanding these tax patterns might be vital for financial planning and forecasting potential liabilities.
Cost of Living in Owyhee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,155 | $1,492 | $1,582 | $1,277 | $1,151 |
| 1 adult 4 children | $1,155 | $1,218 | $1,221 | $1,277 | $1,293 |
| 2 adults 3 children | $1,155 | $1,219 | $1,367 | $1,277 | $922 |
| 1 adult 3 children | $1,155 | $995 | $1,006 | $1,277 | $1,036 |
| 2 adults 2 children | $822 | $998 | $1,152 | $1,114 | $762 |
| 1 adult 2 children | $822 | $745 | $791 | $1,114 | $732 |
| 2 adults 1 child | $822 | $789 | $937 | $582 | $711 |
| 1 adult 1 child | $822 | $509 | $576 | $582 | $606 |
| 2 adults | $664 | $633 | $722 | $0 | $590 |
| 1 adult | $583 | $346 | $361 | $0 | $524 |
Safety trends & Data
Property crime trends in Owyhee County, Idaho over the past five years reveal fluctuating numbers, with notable spikes in vandalism and larceny-theft. In 2020, vandalism incidents peaked at 7.00, while larceny-theft consistently remained a concern, peaking at 8.00 in the same year. Burglary incidents steadily increased from 2018 to 2022, potentially influencing property values and insurance rates due to the area's evolving security... Read more
Property Crime Trends in Owyhee County, ID Over the Last 5 Years
Property crime trends in Owyhee County, Idaho over the past five years show fluctuating numbers, with notable spikes in vandalism and larceny-theft. In 2020, vandalism incidents peaked at 7.0, whereas larceny-theft consistently remained a concern, peaking at 8.0 in the same year. Burglary incidents steadily increased from 2018 to 2022, indicating a potential area of focus for community safety efforts. These trends matter to potential investors, real estate agents, appraisers, and those considering relocation, as they reflect the area's evolving security landscape, potentially influencing property values and insurance rates.
Demographics
Owyhee County, Idaho exhibits a relatively balanced gender distribution in its adult population. Educational attainment trends indicate many residents have a high school diploma, though fewer pursue higher education past some college. The age distribution skews slightly towards older age groups, suggesting a mature population. Racial composition is predominantly white, with a noticeable presence of individuals identifying as "some other race" and American Indian and Alaska Native. These... Read more
Race Distribution in Owyhee County, Idaho (2022)
Educational Attainment in Owyhee County, Idaho (2022)
Age Distribution in Owyhee County, Idaho
Citizen Population in Owyhee County, Idaho (2022)
Political Trends & Data
Owyhee County, Idaho, exhibits a predominantly conservative voter base, as evidenced by approximately 80.5% of votes cast for the Republican party in the 2020 U.S. Presidential Election. With the Democratic party only securing around 17.2% and Libertarians capturing about 1.2%, political inclinations could potentially influence housing preferences and community values, shaping the local real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Owyhee County, Idaho, the 2020 U.S. Presidential Election showed a strikingly strong lean towards the Republican party, with approximately 80.5% of votes. This significantly overshadowed the Democratic party, which garnered around 17.2%. The Libertarian party captured about 1.2%, with other minor parties collectively securing about 1% of the vote. This voting pattern may suggest a predominantly conservative voter base in Owyhee County.
80.54% of voters voted for the Republican party in the 2020 Presidential Election
17.21% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% of voters voted for the Livertarian party in the 2020 Presidential Election
1.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Owyhee County, Idaho has seen its student-to-teacher ratios fluctuate, peaking at 18 in 2016 before stabilizing around the national average of 14 to 15 students per teacher. Smaller class sizes can offer more personalized attention, making the area attractive to families and potentially boosting educational outcomes. This trend also serves as a useful gauge for investors and developers evaluating local schools'... Read more
Student-to-teacher ratio in Owyhee County, Idaho over the last 10 years
Over the past decade, Owyhee County, Idaho has experienced noticeable variations in its student-to-teacher ratios. In 2014, the ratio stood at 17 before rising to peak levels of 18 by 2016. However, from 2017 onwards, there was a downward trend, reaching levels closer to the national average of 14 students per teacher by 2019. The ratio has mostly stabilized around 14 to 15 in recent years. Keeping student-to-teacher ratios near the national average can be advantageous for families considering a move to Owyhee County, as smaller class sizes often lead to more individualized attention and potentially better educational outcomes. This metric also provides valuable insights for investors and developers assessing the appeal of local schools in the community.
