Shoshone County Real Estate and Livability Trends
Shoshone County, Idaho has seen notable economic and real estate trends. Average taxable income per tax return rose from $45,972.71 in 2019 to $55,099.33 in 2021, hinting at increased prosperity. Median home values jumped from $119,600 in 2015 to $183,200 in 2022, though still offering more affordability than the state average. Real estate taxes nearly doubled from $1,635.35 in 2012 to $3,050.00... Read more
Shoshone County Market Trends
Median home values in Shoshone County, Idaho, have risen notably from $119,600 in 2015 to $183,200 in 2022, a more tempered increase compared to the state's skyrocketing median. This trend could appeal to those seeking affordable investment opportunities within Idaho's growth landscape. Real estate taxes have shown a steady climb, nearly doubling from $1,635.35 in 2012 to $3,050.00 in 2021,... Read more
Median Value of Occupied Housing Units in Shoshone County, Idaho Over the Last 8 Years
Over the last 8 years in Shoshone County, Idaho, median home values have seen significant fluctuations but demonstrated a strong uptick, rising from $119,600 in 2015 to $183,200 in 2022. Although it's a smaller leap compared to Idaho's statewide median, which surged from $162,900 to $331,600 in the same period, Shoshone County still shows a less pronounced yet consistent upward trend. It's an appealing pattern for those looking to invest in more affordable regions while still capitalizing on Idaho's overall growth trajectory. This upward shift aligns relatively well with national trends but offers a more balanced and potentially less volatile market.
Residential Energy Tax Credit Per Tax Return in Shoshone County, ID Over the Last 8 Years
The Residential Energy Tax Credit in Shoshone County, Idaho, seems to have fluctuated significantly over the past eight years. After a dip in 2014 to $158.33, it peaked at $740.00 in 2017, reflecting possibly larger investments in residential energy efficiency improvements. The tax credit appears to have normalized somewhat in recent years, with the latest figure in 2021 being $385.71. This variability may be important for potential investors, property developers, and homeowners aiming to understand the financial incentives for energy-efficient upgrades in this region.
Average Real Estate Taxes Per Tax Return in Shoshone County, ID Over the Last 10 Years
Over the last decade, Shoshone County, Idaho has seen a notable upward trend in average real estate taxes per tax return. Starting at approximately $1,635.35 in 2012, the taxes rose steadily, reaching around $3,050.00 by 2021. This increase might give potential investors or homebuyers pause, but it also suggests a growing market that could bring higher property values. Moreover, for insurance agents and appraisers, the consistent rise in real estate taxes may indicate a reassessment of property values in the area. Real estate agents and those looking to build property will want to consider these trends carefully for future planning.
Percentage of Farm Returns in Shoshone County, ID Over the Last 10 Years
Shoshone County, Idaho has seen some fluctuations in the percentage of farm tax returns over the past decade, with numbers generally ranging from 0.56% to 0.74%. There was a noticeable increase in 2016 to 0.74%, which tapered down slightly in subsequent years. Farm tax returns, in this context, indicate the proportion of tax filings attributed to agricultural activities. This trend can be informative for potential investors and developers by showing the stability and slight uptick in agricultural engagement, which could suggest viable opportunities in rural and agribusiness ventures. For those considering moving or building in the area, this data might reflect a stable, if small, agricultural community which could affect local economy and lifestyle.
Number of Mortgages by Occupancy Type in Shoshone County, ID Over the Last 5 Years in Shoshone County
In Shoshone County, Idaho, the number of mortgages for principal residences has significantly outpaced those for second residences and investment properties over the last five years, peaking in 2021. This shift towards principal residences likely reflects growing demand for permanent housing, possibly driven by lifestyle changes or economic conditions. For investors, the relatively lower numbers of investment property mortgages might indicate fewer opportunities for quick turnovers or rental income compared to other areas. Appraisers and insurance agents should consider these occupancy trends as they could affect property valuations and risk assessments. Real estate agents and developers may need to tailor their strategies to the prominent demand for primary homes, while those looking to move might find a more competitive, but potentially more stable, housing market.
Economic Outlook
Shoshone County, Idaho has seen a gradual yet noticeable rise in the average taxable income per tax return, especially between 2019 and 2021, where it jumped from $45,972.71 to $55,099.33. This trend hints at rising economic activity or higher earnings among locals, making the county enticing for investors and developers. Meanwhile, average state and local income taxes have displayed a more volatile pattern, peaking in 2021 at $7,813.33, after a notable dip in 2018. Additionally, the county's... Read more
Average Taxable Income per Tax Return in Shoshone County, ID over the last 9 years
Shoshone County, Idaho has displayed a gradual but noticeable increase in the average taxable income per tax return over the past nine years. The most notable surge occurred from 2019 to 2021, with the average jumping from $45,972.71 to $55,099.33. This trend suggests a potential rise in economic activity or higher earnings among residents, making Shoshone County an interesting prospect for investors and developers. Those considering moving to or investing in the area may find a progressively strengthening local economy with these higher incomes indicating a possibly expanding or attractive market.
Average State and Local Income Taxes Per Tax Return in Shoshone County, ID Over the Last 10 Years
Shoshone County, Idaho, has seen a fluctuating trend in average state and local income taxes per tax return over the past decade. Taxes peaked in 2021 at $7,813.33, showing a significant increase from the $5,610.34 observed in 2012. A notable dip occurred in 2018 with taxes falling to $5,205.88, followed by a sharp rise in subsequent years. This volatility can indicate changing economic conditions and policy impacts, which are critical for potential investors and residents evaluating the area's financial climate.
Average Total Tax Liability Per Tax Return in Shoshone County, ID Over the Last 10 Years
Examining the average total tax liability per tax return in Shoshone County, Idaho over the past decade shows a fluctuating trend with noticeable highs and lows. Peaks in 2015 and 2021, hitting $6,267.11 and $7,001.52 respectively, might reflect economic shifts or policy changes. A significant drop in 2017 saw liabilities plummet to $5,599.74, indicating potential local economic challenges. Understanding these patterns could be crucial for investors, builders, and residents planning long-term commitments in this area, as they suggest varying financial burdens and economic conditions over time.
Cost of Living in Shoshone County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,199 | $1,661 | $1,699 | $1,144 | $1,224 |
| 1 adult 4 children | $1,199 | $1,356 | $1,316 | $1,144 | $1,349 |
| 2 adults 3 children | $1,199 | $1,357 | $1,465 | $1,144 | $968 |
| 1 adult 3 children | $1,199 | $1,108 | $1,082 | $1,144 | $1,066 |
| 2 adults 2 children | $855 | $1,111 | $1,232 | $994 | $782 |
| 1 adult 2 children | $855 | $830 | $849 | $994 | $710 |
| 2 adults 1 child | $855 | $878 | $999 | $506 | $710 |
| 1 adult 1 child | $855 | $567 | $616 | $506 | $590 |
| 2 adults | $663 | $705 | $766 | $0 | $588 |
| 1 adult | $572 | $385 | $383 | $0 | $525 |
Safety trends & Data
In Shoshone County, Idaho, property crime trends over the last five years show significant fluctuations. Larceny-Theft, the most common crime, dropped from 54.00 incidents in 2018 to 20.00 in 2022, while Burglary incidents plummeted from 27.00 to just 1.00 in the same period. Motor Vehicle Theft peaked at 7.00 cases in 2019 but fell to 1.00 by 2022. Vandalism peaked at 12.00 incidents in 2020 and then stabilized at 8.00 in 2022. These shifts could indicate improving crime prevention, offering... Read more
Property Crime Trends in Shoshone County, ID Over the Last 5 Years
Over the last five years in Shoshone County, Idaho, property crime trends reveal some notable fluctuations. Larceny-Theft has consistently remained the most prevalent crime, but saw a significant drop from 54.00 incidents in 2018 to 20.00 in 2022. Burglary incidents also decreased sharply, from 27.00 in 2018 to just 1.00 in 2022. Although there was a spike in Motor Vehicle Theft in 2019 with 7.00 cases, incidents tapered off to 1.00 by 2022. Vandalism fluctuated more, peaking at 12.00 incidents in 2020 and then stabilizing at 8.00 in 2022. This trend might suggest improving crime prevention or shifting criminal behavior, providing a dynamic landscape for real estate investors, insurance agents, and residents assessing the area's property safety.
Demographics
Shoshone County, Idaho presents a fascinating blend of demographic patterns. The gender split is quite even, with males and females almost equally represented. There’s a visible tilt towards older age groups, suggesting a potentially aging population. When it comes to education, a significant portion holds only a high school diploma or some college experience without a degree. This could influence local economic conditions and job market dynamics. The racial makeup is predominantly White,... Read more
Race Distribution in Shoshone County, Idaho (2022)
Educational Attainment in Shoshone County, Idaho (2022)
Age Distribution in Shoshone County, Idaho
Citizen Population in Shoshone County, Idaho (2022)
Political Trends & Data
Shoshone County in Idaho exhibited a strong preference for the Republican party in the 2020 U.S. Presidential Election, with roughly 70% of the vote likely going their way. The Democratic party garnered around 28% of the vote, indicating a notable yet minority presence. Minor parties, like the Libertarians, barely crossed the 1% threshold. This voting pattern might reflect a predominantly conservative local populace with limited political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Shoshone County in Idaho showed a strong leaning towards the Republican party during the 2020 U.S. Presidential Election, with around 70% of the votes possibly supporting their candidate. Meanwhile, the Democratic party received nearly 28% of the votes, suggesting it has some presence but remains a minority. Minor parties, such as the Libertarians and others, captured a very small slice of the vote, hovering around 1% each. This distribution could indicate a predominantly conservative voter base with limited diversification in political preferences.
69.70% of voters voted for the Republican party in the 2020 Presidential Election
27.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% of voters voted for the Livertarian party in the 2020 Presidential Election
1.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Shoshone County, Idaho has seen its student-to-teacher ratio increase slightly over the last decade from 11 to 12 students per teacher, still below the national average of 14. This suggests smaller class sizes, potentially appealing to families seeking more personalized education for their children. For investors, real estate agents, and builders, this could indicate higher demand for residential properties. Additionally, insurance agents and appraisers might view this as a factor enhancing the... Read more
Student-to-teacher ratio in Shoshone County, Idaho over the last 10 years
The student-to-teacher ratio in Shoshone County, Idaho has fluctuated over the last decade, starting at approximately 11 students per teacher in 2014 and seeing a slight increase to around 12 students per teacher by 2023. This ratio remains under the national average of 14 students per teacher, suggesting smaller class sizes that might appeal to families seeking a more personalized education experience for their children. For investors, real estate agents, and builders, these smaller ratios could be enticing, indicating a potentially higher quality of education that may drive demand for residential properties in the area. Insurance agents and appraisers might also consider this as a factor when assessing the livability and desirability of the region.
