Cibola County Real Estate and Livability Trends
In Cibola County, New Mexico, the average taxable income per tax return has gradually increased over the last nine years, rising from about $37,047.54 in 2013 to roughly $42,713.31 in 2021. Median home values have fluctuated between $84,400 and $101,900, considerably lower than state and national medians. The residential energy tax credit has surged from $220.00 in 2013 to $1,700.00 in 2021,... Read more
Cibola County Market Trends
Cibola County's real estate market displays notable variance, with median home values ranging from $84,400 to $101,900 in recent years, significantly below state and national medians. Interestingly, the residential energy tax credit per tax return in the county has surged, jumping from $220.00 in 2013 to $1,700.00 in 2021, reflecting a strong inclination towards energy-efficient upgrades. Real... Read more
Median Value of Occupied Housing Units in Cibola County, New Mexico Over the Last 8 Years
The median home values in Cibola County show significant fluctuation over the past eight years, hovering between $84,400 and $101,900, notably lower than both New Mexico's state median and national median. While the county's median value has seen a sporadic rise and fall, it dramatically jumped to $101,900 in 2022. In contrast, both the state of New Mexico and the U.S. have experienced a steadily rising trend, reaching $216,000 and $179,400 respectively in 2022. For investors or future homeowners, this disparity could present either a risk due to unpredictability or an opportunity for more affordable living or investment options compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Cibola County, NM Over the Last 8 Years
Over the last eight years, Cibola County, New Mexico has seen a significant upward trend in average residential energy tax credits per tax return. Beginning at $220.00 in 2013, the average credit has surged, peaking at $1,700.00 in 2021. This sizable increase could be a strong indicator of growing investments in energy-efficient upgrades among homeowners, making the area potentially attractive for both new residents and real estate investors who value sustainable living initiatives. For appraisers and insurance agents, this trend might imply newer, potentially higher-value properties with modern energy-saving features.
Average Real Estate Taxes Per Tax Return in Cibola County, NM Over the Last 10 Years
Cibola County, New Mexico, experienced a notable upward trend in average real estate taxes per tax return from 2012 to 2020, with values rising from approximately $1,408.75 to $2,890.00. This increase could suggest that property values and/or tax rates may have been growing over this period, making the county potentially more lucrative for real estate investment. However, interestingly, 2021 saw a slight dip to $2,320.00, which could be a point of consideration for appraisers and insurance agents evaluating market stability. For those considering building or buying property, these tax trends may be crucial for financial planning and long-term investment strategies.
Percentage of Farm Returns in Cibola County, NM Over the Last 10 Years
The percentage of farm returns in Cibola County, New Mexico has seen some fluctuations over the past decade, ranging from roughly 2.45% to 3.16%. Peaks were observed in 2014 at around 3.16%, with a drop to approximately 2.45% in 2019. Farm tax returns here can be an indicator of agricultural stability and economic health in the county, potentially influencing those looking to invest in or move to the area. Understanding these trends may offer valuable insights for prospective property developers or agricultural investors, signaling periods of agricultural viability and periods where extra caution might be warranted.
Number of Mortgages by Occupancy Type in Cibola County, NM Over the Last 5 Years in Cibola County
Cibola County, New Mexico's mortgage trends indicate a dominant focus on principal residences, peaking at 527 in 2021, while investment properties and second residences trail significantly. The steady preference for principal homes suggests a stable, family-oriented community, possibly attractive to long-term residents and conservative investors. An uptick in investment properties from 15 in 2018 to 44 in 2020 may hint at burgeoning rental or vacation markets. For appraisers, understanding these dynamics is crucial for accurate property valuation. Builders and real estate agents can use this data to tailor their offerings to meet the predominant demand for principal homes. For insurance agents, these trends inform risk assessment and policy customization, ensuring coverage aligns with residency types in the area.
Economic Outlook
In Cibola County, New Mexico, the average taxable income per tax return has steadily increased over the past nine years, rising from approximately $37,047.54 in 2013 to about $42,713.31 in 2021. Notable increments from 2017 to 2018 and 2020 to 2021 suggest potential economic improvements. Similarly, average state and local income taxes per tax return have experienced an upward trend, hitting around $5,118.18 recently. Though there were some dips in 2018-2019, the average total tax liability per... Read more
Average Taxable Income per Tax Return in Cibola County, NM over the last 9 years
Over the last nine years in Cibola County, New Mexico, the average taxable income per tax return has shown a steady upward trend. Starting at approximately $37,047.54 in 2013, the figure has gradually increased to around $42,713.31 by 2021. Notable increments appear between 2017 and 2018, as well as from 2020 to 2021, which could suggest economic improvements or changing demographics. These trends might be of particular interest to real estate agents, property developers, and insurance agents looking for economic indicators in the area.
Average State and Local Income Taxes Per Tax Return in Cibola County, NM Over the Last 10 Years
Over the past decade in Cibola County, New Mexico, average state and local income taxes per tax return have generally seen an upward trend. Notable increases were apparent in 2016, spiking again between 2018 and 2020, reaching around $5,118.18. Such fluctuations may be of interest to potential investors, real estate agents, and those considering relocation, as they could reflect underlying economic changes, shifts in income levels, or tax policy adjustments.
Average Total Tax Liability Per Tax Return in Cibola County, NM Over the Last 10 Years
Over the last decade, Cibola County, New Mexico has seen a somewhat fluctuating yet ultimately upward trend in average total tax liability per tax return, peaking at $5,418.45 in 2020. While there were some dips, such as in 2018 and 2019, the overall growth indicates increasing tax liabilities, likely reflective of rising incomes or changes in tax policies. This nuanced trend can be a critical factor for potential investors, developers, and real estate agents as it may infer economic growth and the potential for higher property values. Knowing these dynamics might also help insurance agents and appraisers in assessing risk and property valuations more accurately.
Cost of Living in Cibola County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $994 | $1,339 | $2,438 | $1,361 | $1,211 |
| 1 adult 4 children | $994 | $1,094 | $1,886 | $1,361 | $1,256 |
| 2 adults 3 children | $994 | $1,094 | $2,104 | $1,361 | $956 |
| 1 adult 3 children | $994 | $893 | $1,553 | $1,361 | $996 |
| 2 adults 2 children | $817 | $896 | $1,770 | $1,194 | $838 |
| 1 adult 2 children | $817 | $669 | $1,219 | $1,194 | $767 |
| 2 adults 1 child | $817 | $708 | $1,436 | $653 | $757 |
| 1 adult 1 child | $817 | $457 | $885 | $653 | $614 |
| 2 adults | $644 | $569 | $1,103 | $0 | $571 |
| 1 adult | $643 | $310 | $551 | $0 | $517 |
Safety trends & Data
Property crime in Cibola County, New Mexico has seen fluctuations over the past five years, with motor vehicle thefts increasing to 15 in 2022 from a low of 2 in 2021, and larceny-theft incidents spiking to 44 in 2022 after previous declines. Vandalism cases also saw a significant jump, reaching 25 in 2022. These trends could potentially influence property values and insurance premiums, making it important for investors and real estate agents to stay informed. Those considering moving to or... Read more
Property Crime Trends in Cibola County, NM Over the Last 5 Years
Property crime in Cibola County, New Mexico has shown fluctuating trends over the past five years. Notable increases include a rise in motor vehicle thefts, peaking at 15 in 2022 from a low of 2 in 2021, and larceny-theft incidents spiking to 44 in 2022 after dropping in prior years. There is also a significant jump in vandalism cases, reaching 25 in 2022. Investors and real estate agents should take these trends into account, as they could influence property values and insurance premiums. Additionally, those considering building or moving to the area may want to be aware of these fluctuations in property crime to make informed decisions.
Demographics
Cibola County, New Mexico reveals a significant divide in educational attainment; over 6,000 adults only possess a high school diploma, with relatively few attaining a graduate or professional degree. The population skews slightly male and is predominantly composed of White and American Indian or Alaska Native individuals. Age distribution suggests a balanced mix, with notable populations in both younger and older age brackets, hinting at a stable generational... Read more
Race Distribution in Cibola County, New Mexico (2022)
Educational Attainment in Cibola County, New Mexico (2022)
Age Distribution in Cibola County, New Mexico
Citizen Population in Cibola County, New Mexico (2022)
Political Trends & Data
Cibola County in New Mexico leaned Democratic in the 2020 U.S. Presidential Election with 53.3% of the vote, while Republicans garnered 44.6%. Smaller parties like the Libertarian and Green parties made up just 1.6%, suggesting that the two major parties might be solidifying their hold in this region. This trend could reflect broader political shifts within Cibola County's local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cibola County in New Mexico showed a noticeable lean towards the Democratic party in the 2020 U.S. Presidential Election, with approximately 53.3% of the vote, potentially indicating a shift or continuation of a trend in this region's political landscape. Republicans followed with around 44.6%, while smaller parties like the Libertarian and Green parties captured only minimal support, collectively about 1.6%. This data might suggest a growing dominance of the two major parties in this county.
44.65% of voters voted for the Republican party in the 2020 Presidential Election
53.30% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.55% 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
Cibola County, New Mexico has displayed quite a range in its student-to-teacher ratio over the past decade, peaking at fifteen students per teacher in 2016 and dipping to roughly nine by 2021, with a slight increase to about eleven in 2023. Throughout these shifts, the area's ratios have consistently remained below the national average of fourteen students per teacher, hinting at potentially better educational outcomes and more personalized attention for students. This dynamic is noteworthy for... Read more
Student-to-teacher ratio in Cibola County, New Mexico over the last 10 years
Over the past decade, Cibola County, New Mexico has seen an interesting fluctuation in its student-to-teacher ratio. Starting from around twelve students per teacher in 2015, the ratio spiked to roughly fifteen in 2016 before gradually decreasing to approximately nine by 2021, and then slightly rising to around eleven by 2023. For context, these figures consistently fall below the national average of fourteen students per teacher, indicating relatively more personalized attention for students in the area. This could be particularly appealing for families considering relocation or investors in educational services, as lower ratios often suggest better educational outcomes. Additionally, real estate agents might find this data useful when advising potential homebuyers, while appraisers and insurance agents can leverage it when assessing property values in relation to neighborhood desirability.
