Catron County Real Estate and Livability Trends
Catron County, New Mexico has shown a notable rise in average taxable income, hitting $52,315.97 in 2021, which might appeal to savvy investors and developers eyeing a stronger local economy. Median home values, however, peaked at $175,400 in 2019 and fell to $156,400 in 2022, bucking statewide and national trends and hinting at unique market volatility. Residential energy tax credits and rising... Read more
Catron County Market Trends
Catron County, New Mexico's real estate market reflects a unique volatility, with median home values peaking at $175,400 in 2019 and dipping to $156,400 in 2022, diverging from the consistent upward trends seen statewide and nationally. Residential energy tax credits per tax return have shown notable peaks and recent normalization, potentially impacting decisions on energy-efficient upgrades.... Read more
Median Value of Occupied Housing Units in Catron County, New Mexico Over the Last 8 Years
Catron County, New Mexico has seen its median home values fluctuate over the last eight years, peaking at $175,400 in 2019 and dipping to $156,400 in 2022. Interestingly, this is a bit out of step with both state and national trends. While New Mexico’s median values generally rose, reaching $216,000 by 2022, and the national median similarly climbed to $179,400, Catron County experienced more variability. For investors, homebuyers, and property developers, these trends in Catron County might signal a more volatile market compared to the broader increases seen statewide and nationally.
Residential Energy Tax Credit Per Tax Return in Catron County, NM Over the Last 6 Years
Catron County, New Mexico has shown some significant oscillations in residential energy tax credits per tax return over the past six years, with notable peaks in 2016 at $1,300.00 and 2019 at $1,700.00. This suggests potential variances in energy-saving investments or shifts in available credits. Recent years display a trend toward normalization with 2021's average at approximately $1,166.67. These fluctuations could impact decisions for homebuyers, real estate agents, appraisers, and anyone planning property investments or new builds in the area, particularly those weighing the benefits of energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Catron County, NM Over the Last 10 Years
Over the last decade in Catron County, New Mexico, average real estate taxes per tax return have shown variability with a general upward trend from $1,238.89 in 2012 to about $1,533.33 in 2021. Interestingly, there were periods of decline and stabilization, such as between 2013 and 2016 when values ranged from $1,087.50 to $1,300. This fluctuation might suggest a dynamic real estate market that could appeal to opportunistic investors while also potentially impacting homeowners and property developers who need to factor in possibly rising tax expenditures. The insight into these tax patterns is crucial for real estate agents, insurance agents, appraisers, and anyone involved in property development or home buying in the area.
Percentage of Farm Returns in Catron County, NM Over the Last 10 Years
Catron County, New Mexico has seen farm returns as a minor yet somewhat stable part of overall economic activity over the past decade, hovering around 11.19% to 12.32% in its peak years from 2012 to 2018. However, this percentage saw a dip post-2018, reaching its lowest at about 8.93% in 2021. Farm tax returns represent the portion of total tax returns filed that are associated with farm income, pointing to the economic reliance on agriculture. This trend could be significant for those eyeing investments in agricultural ventures, rural development or property in Catron County, as it offers a glimpse into the local agricultural economy's relative steadiness and recent declines.
Number of Mortgages by Occupancy Type in Catron County, NM Over the Last 5 Years in Catron County
Examining the mortgage trends in Catron County, New Mexico, over the past five years reveals significant fluctuations in the number of mortgages for principal residences, second residences, and investment properties. Principal residences consistently show the highest numbers, peaking at 130 in 2021, which suggests robust demand for primary living spaces. Second residences and investment properties have notably lower counts, though second residences saw a brief increase in 2021. Changes in these categories can impact local market stability, developmental prospects, and insurance premiums. For investors and developers, understanding these dynamics is crucial for gauging market attractiveness, while appraisers and insurance agents might use these trends to adjust property valuations and risk assessments. Additionally, residents and potential movers can infer community growth patterns and housing availability from these trends.
Economic Outlook
Catron County, New Mexico has seen a steady rise in average taxable income per tax return, reaching $52,315.97 in 2021. This may point to a strengthening local economy or demographic shifts that could be attractive for investors and real estate developers. Notably, fluctuations in state and local income taxes, peaking at $6,200.00 in 2019, might affect financial planning and property-related decisions. Additionally, the upward trend in total tax liability per tax return, hitting $8,039.42 in... Read more
Average Taxable Income per Tax Return in Catron County, NM over the last 9 years
Catron County, New Mexico has shown a general upward trend in average taxable income per tax return over the past nine years, culminating in $52,315.97 in 2021. This gradual increase, particularly notable from 2018 onward, suggests a potentially strengthening local economy or shifts in population demographics. For investors, real estate agents, and those considering moving to or working in the area, this could indicate a growth in disposable income and consumer spending capacity. Construction and property development might see more favorable returns, making the county an attractive option for new projects. Insurance agents and appraisers might note the possible impact on policy pricing and property valuations as income levels rise.
Average State and Local Income Taxes Per Tax Return in Catron County, NM Over the Last 10 Years
Over the past decade, Catron County, New Mexico has seen fluctuating state and local income taxes per tax return. In 2016, there was a noticeable peak with an average of $5,107.69, followed by another significant increase in 2019, hitting $6,200.00. Despite these peaks, other years displayed more moderate tax values, with 2014 being the lowest at $3,171.43. This volatility could impact financial planning for anyone looking to invest, build property, or move to the area, as it suggests that income taxes in Catron County can vary quite considerably year to year. This trend might be particularly relevant for appraisers, real estate agents, and insurance agents who need to account for potential tax changes in their valuations and advice.
Average Total Tax Liability Per Tax Return in Catron County, NM Over the Last 10 Years
Over the last decade, Catron County, New Mexico has seen fluctuations in average total tax liability per tax return, with notable increases from 2015 onward. The recent jump to $8,039.42 in 2021 suggests fiscal dynamics that could impact potential investors and homeowners. For those in the real estate and insurance sectors, the rising tax liabilities may influence property appraisals and insurance premiums. This pattern is crucial for financial planning and investment considerations in the area.
Cost of Living in Catron County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,015 | $1,464 | $2,438 | $1,400 | $1,411 |
| 1 adult 4 children | $1,015 | $1,195 | $1,886 | $1,400 | $1,470 |
| 2 adults 3 children | $1,015 | $1,196 | $2,104 | $1,400 | $1,124 |
| 1 adult 3 children | $1,015 | $976 | $1,553 | $1,400 | $1,183 |
| 2 adults 2 children | $795 | $979 | $1,770 | $1,228 | $937 |
| 1 adult 2 children | $795 | $731 | $1,219 | $1,228 | $885 |
| 2 adults 1 child | $795 | $774 | $1,436 | $672 | $836 |
| 1 adult 1 child | $795 | $500 | $885 | $672 | $676 |
| 2 adults | $637 | $622 | $1,103 | $0 | $635 |
| 1 adult | $582 | $339 | $551 | $0 | $535 |
Safety trends & Data
Catron County, New Mexico, has observed a minor rise in property crimes recently, with vandalism in 2019 and fraud in 2020, each marking a single reported incident. This trend may indicate subtle economic or social shifts that could be vital for investors and real estate professionals to account for when evaluating market risks and... Read more
Property Crime Trends in Catron County, NM Over the Last 2 Years
Catron County, New Mexico, has seen a slight uptick in property crimes over the past two years, notably in vandalism in 2019 and fraud in 2020, each with one reported incident. This subtle increase might hint at underlying economic or social changes influencing crime rates, crucial for potential investors, real estate agents, and insurance agencies to consider when assessing risk and market dynamics.
Demographics
Catron County, New Mexico, shows a noticeable age skew with a significant concentration in the 65+ demographic, suggesting it might be a popular location for retirees. Education levels hint at a lean towards high school graduates and those with some college but no degree, which may suggest limited local access to higher education opportunities. The racial composition illustrates a strikingly high proportion of White residents, overshadowing other racial categories, potentially impacting the... Read more
Race Distribution in Catron County, New Mexico (2022)
Educational Attainment in Catron County, New Mexico (2022)
Age Distribution in Catron County, New Mexico
Citizen Population in Catron County, New Mexico (2022)
Political Trends & Data
In Catron County, New Mexico, the 2020 U.S. Presidential Election indicated a pronounced preference for the Republican party, which likely attracted an estimated 73% of the vote. The Democratic party lagged behind with around 25.6%, and third parties had minimal influence, collectively raking in about 1%. This trend hints at a strong conservative inclination among voters, though the negligible presence of third-party candidates leaves limited room for electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Catron County, New Mexico, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, which garnered an estimated 73% of the vote. The Democratic party trailed considerably with around 25.6%, while smaller parties like the Libertarian and Green parties barely made a dent, capturing around 0.7% and 0.3% respectively. This suggests a strong conservative preference in the county, though it's worth noting the limited impact of third-party candidates in this electoral outcome.
73.00% of voters voted for the Republican party in the 2020 Presidential Election
25.58% of voters voted for the Democrat party in the 2020 Presidential Election
0.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.39% of voters voted for the Other party in the 2020 Presidential Election
School Data
Catron County, New Mexico, has fluctuated student-to-teacher ratios around 7 to 8 students per teacher—about half the national average of 14 students per teacher. This lower ratio implies more personalized attention and smaller class sizes, making it a potential draw for families focused on educational quality. For real estate stakeholders, this could be a persuasive selling point, suggesting a community investment in education. However, the low ratios might also reflect a static or declining... Read more
Student-to-teacher ratio in Catron County, New Mexico over the last 10 years
Catron County, New Mexico, has seen fluctuating student-to-teacher ratios over the past decade, with figures generally hovering around 7 to 8 students per teacher. This is significantly lower than the national average of 14 students per teacher, suggesting more personalized attention and smaller class sizes. For investors and individuals considering moving to the area, this could signal a community that prioritizes education and potentially fosters better student outcomes. Real estate agents and appraisers might also note that such small ratios could be an attractive selling point for families valuing educational quality. Conversely, it might indicate less pressure on local schools, possibly due to a declining or static population, which could be a factor to examine for developers and insurance agents.
