Twin Falls County Real Estate and Livability Trends
Twin Falls County, Idaho has seen substantial economic growth, with average taxable incomes climbing from $42,881.62 to $66,194.38 over the past nine years and a corresponding increase in state and local taxes. Median home values also rose significantly, jumping from $147,900 in 2015 to $262,200 in 2022. Energy tax credits peaked in 2018, reflecting strong interest in energy-efficient home... Read more
Twin Falls County Market Trends
Median home values in Twin Falls County, Idaho have climbed from $147,900 in 2015 to $262,200 in 2022, indicating a solid growth trajectory. This upward trend mirrors, albeit at a slower rate, the more drastic increases seen statewide and nationwide. Residential energy tax credits peaked in 2018 at $5,333.33, suggesting considerable interest in energy-efficient home upgrades. Real estate taxes... Read more
Median Value of Occupied Housing Units in Twin Falls County, Idaho Over the Last 8 Years
Over the past eight years, median home values in Twin Falls County, Idaho have shown a steady upward trend, jumping from $147,900 in 2015 to $262,200 in 2022. This represents significantly more rapid growth compared to Idaho as a whole, where median values increased from $162,900 in 2015 to $331,600 in 2022, as well as the national median which went from $125,500 to $179,400 over the same period. For those considering investing or moving to Twin Falls County, this data highlights the area’s growing property market, which, although not accelerating as fast as the state, is still keeping in step with broader national trends.
Residential Energy Tax Credit Per Tax Return in Twin Falls County, ID Over the Last 9 Years
In the past nine years, Twin Falls County, Idaho saw fluctuating average residential energy tax credits per tax return, peaking dramatically in 2018 at $5333.33 and experiencing more stable yet elevated levels in subsequent years, like $1771.70 in 2021. This suggests a potentially strong interest in energy-efficient home upgrades, which could imply an active market for sustainable products and services. Such trends could attract real estate investors and developers focusing on eco-friendly projects, while appraisers and insurance agents may need to consider the enhanced property values and risk profiles associated with such energy-efficient improvements.
Average Real Estate Taxes Per Tax Return in Twin Falls County, ID Over the Last 10 Years
Average real estate taxes per tax return in Twin Falls County, Idaho have shown a noticeable upward trend over the last decade. From $1,962.79 in 2012, there has been a steady increase, hitting highs of $3,894.98 in 2019 before slightly declining to around $3,705.19 in 2021. This gradual rise suggests increasing property values and development in the region, which could interest investors and homeowners looking for growth opportunities. Real estate agents, appraisers, and insurance agents may see these tax trends as indicative of the area's evolving market dynamics.
Percentage of Farm Returns in Twin Falls County, ID Over the Last 10 Years
Farm tax returns in Twin Falls County, Idaho, have shown a gradual decline over the past decade, dropping from around 3.5% in 2012 to approximately 2.7% by 2021. This downward trend is important for potential investors, builders, and residents as it may indicate shifting economic conditions and agricultural viability within the region. Lower farm tax returns could suggest challenges in the agricultural sector, possibly affecting land value and development potential. This is significant for anyone considering investing, moving to, or developing property in Twin Falls County.
Number of Mortgages by Occupancy Type in Twin Falls County, ID Over the Last 5 Years in Twin Falls County
In Twin Falls County, Idaho, the mortgage landscape has seen notable shifts over the past five years, with principal residences consistently comprising the largest share of mortgage activity. However, investment properties have shown a gradual but detectable increase, while second residences remain a smaller fraction of the market. These trends hint at a possibly growing interest in investment opportunities, while most residents still prioritize primary homes. For those looking to invest, the steady number of investment property mortgages may suggest a slowly warming market, while insurers might need to consider the relative stability in principal residence mortgages. Real estate agents, appraisers, and developers should also note these subtleties to better align their services and forecasts with market demands.
Economic Outlook
Over the past nine years, Twin Falls County, Idaho has seen average taxable incomes per tax return rise from $42,881.62 to $66,194.38, indicating potential economic growth. State and local income taxes also surged from $5,824.69 in 2012 to $13,716.83 by 2021, highlighting notable policy shifts or economic changes. Total tax liabilities have likewise increased, potentially reflecting higher earnings and property values. Meanwhile, the percentage of residents below the poverty line fluctuated but... Read more
Average Taxable Income per Tax Return in Twin Falls County, ID over the last 9 years
Over the past nine years, Twin Falls County, Idaho has seen a notable increase in average taxable income per tax return, moving from approximately $42,881.62 in 2013 to roughly $66,194.38 in 2021. This consistent upward trend, with the largest jump occurring in 2021, suggests growing economic opportunities and potentially increasing standard of living in the area. For investors or those considering relocation, this gradual yet steady rise in income could indicate a robust local economy and potential for further financial growth.
Average State and Local Income Taxes Per Tax Return in Twin Falls County, ID Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Twin Falls County, Idaho have seen a steep upward trend, climbing from $5,824.69 in 2012 to a substantial $13,716.83 by 2021. The most notable jumps occurred between 2017 and 2018 as well as 2019 to 2020, which indicates significant tax policy changes or economic shifts impacting taxpayers. This rise in tax liabilities could influence investment decisions, impact property values, and shape the financial landscape for new residents and businesses considering the area.
Average Total Tax Liability Per Tax Return in Twin Falls County, ID Over the Last 10 Years
Over the past decade, Twin Falls County, Idaho has seen a noticeable rise in the average total tax liability per tax return, climbing from approximately $6,809.69 in 2012 to a high of $9,980.54 in 2021. This trend could indicate economic growth or changes in tax policy impacting residents. Potential investors and new residents might find this data indicative of an evolving financial landscape, suggesting increasing earnings or property values. It's a detail worth considering for those planning to move to or invest in the area, as higher tax liabilities might reflect broader economic dynamics at play.
Cost of Living in Twin Falls County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,401 | $1,540 | $1,785 | $1,099 | $1,224 |
| 1 adult 4 children | $1,401 | $1,258 | $1,378 | $1,099 | $1,347 |
| 2 adults 3 children | $1,401 | $1,258 | $1,543 | $1,099 | $980 |
| 1 adult 3 children | $1,401 | $1,027 | $1,135 | $1,099 | $1,078 |
| 2 adults 2 children | $1,003 | $1,030 | $1,300 | $957 | $781 |
| 1 adult 2 children | $1,003 | $769 | $893 | $957 | $712 |
| 2 adults 1 child | $1,003 | $814 | $1,057 | $496 | $727 |
| 1 adult 1 child | $1,003 | $526 | $650 | $496 | $611 |
| 2 adults | $762 | $654 | $815 | $0 | $598 |
| 1 adult | $671 | $357 | $407 | $0 | $543 |
Safety trends & Data
Twin Falls County, Idaho has experienced fluctuating property crime trends over the past five years. While larceny-theft incidents peaked in 2019 with 317 cases and have since declined, burglary rates also peaked in the same year but saw a significant drop by 2021. However, motor vehicle theft has steadily increased. Consistent vandalism rates suggest ongoing concerns for property maintenance and insurance costs. These trends are relevant for investors, realtors, and prospective residents, as... Read more
Property Crime Trends in Twin Falls County, ID Over the Last 5 Years
Over the past five years, Twin Falls County, Idaho has seen fluctuating yet notable property crime trends. Larceny-theft incidents remain the most prevalent, peaking in 2019 with 317 cases before a gradual decline. Burglary rates peaked in 2019 but saw a substantial drop by 2021, likely contributing to the perceived safety improvements. In contrast, motor vehicle theft showed a low but steady increase. Vandalism appears consistent, indicating potential concerns for property maintenance and insurance costs. These figures matter for investors, real estate agents, and those planning to move, as trends in property crime can impact property values, insurance premiums, and overall community safety.
Demographics
Twin Falls County, Idaho has a fairly balanced gender distribution among adults, with males slightly outnumbered by females. The age demographics indicate a youthful population, dominated by individuals under 44 years. Educational attainment reveals a significant portion of the adult community has pursued higher education, although a notable segment only completed high school or some college without a degree. The racial composition is predominantly White, with small percentages of Black,... Read more
Race Distribution in Twin Falls County, Idaho (2022)
Educational Attainment in Twin Falls County, Idaho (2022)
Age Distribution in Twin Falls County, Idaho
Citizen Population in Twin Falls County, Idaho (2022)
Political Trends & Data
Twin Falls County, Idaho, exhibited a pronounced preference for the Republican Party in the 2020 U.S. Presidential Election, with the GOP likely capturing over 70% of the vote. The Democratic Party possibly secured about 26%, while Libertarians and other minor parties garnered marginal support, with around 2% for Libertarians and just over 1% for other parties. This voting pattern indicates a predominantly conservative electorate, which may influence various socio-economic dynamics in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Twin Falls County, Idaho, the 2020 U.S. Presidential Election saw a significant lean towards the Republican Party, which possibly garnered over 70% of the votes. Democrats perhaps secured around 26%, while Libertarians and other minor parties appeared to receive minimal support, with votes for Libertarians at about 2% and "Other" parties just over 1%. This suggests that Twin Falls County might be a stronghold for the Republican Party, reflecting a potentially conservative voter base with limited appetite for third-party candidates.
70.95% of voters voted for the Republican party in the 2020 Presidential Election
25.73% of voters voted for the Democrat party in the 2020 Presidential Election
2.11% of voters voted for the Livertarian party in the 2020 Presidential Election
1.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Twin Falls County, Idaho, has notably fluctuated, spiking to 34 students per teacher in 2022 before moderating to 28 in 2023. This remains significantly above the U.S. average of 14 students per teacher, suggesting potential stress on educational resources and impacting decisions by families relocating or stakeholders investing in educational development. Real estate professionals and property developers might find these figures affect property values and the... Read more
Student-to-teacher ratio in Twin Falls County, Idaho over the last 10 years
The student-to-teacher ratio in Twin Falls County, Idaho, has shown notable fluctuations over the past decade, particularly spiking to 34 students per teacher in 2022 and moderating to 28 in 2023. This is significantly higher than the current US national average of 14 students per teacher, which could present challenges for educators and students alike. Higher ratios might suggest potential stress on educational resources and attention per student, influencing decisions by families considering a move to the area or stakeholders investing in educational development. For real estate professionals and those building property, these figures might affect property values and the attractiveness of local schools. Insurance agents and appraisers might also find these trends pertinent in assessing risks related to community infrastructure.
