De Baca County Real Estate and Livability Trends
Tracking nine years of financial data in De Baca County, New Mexico, reveals significant fluctuations in average taxable income per tax return, peaking at $54,240.74 in 2016 and bottoming out at $33,845.68 in 2015, suggesting a dynamic economic environment. Median home values in the county have skyrocketed from $67,000 in 2015 to $219,200 in 2022, outpacing both state and national trends and... Read more
De Baca County Market Trends
De Baca County, New Mexico has seen median home values skyrocket from $67,000 in 2015 to $219,200 in 2022, outpacing both state and national trends. Real estate taxes here have been unpredictable, peaking at $1,466.67 in 2016 and hitting lows of $900.00 in 2012 and 2015, pointing to potential volatility in property assessments or local tax adjustments. Farm tax returns hover around 21-23%,... Read more
Median Value of Occupied Housing Units in De Baca County, New Mexico Over the Last 8 Years
Over the last 8 years, De Baca County, New Mexico has experienced a dramatic increase in median home values, jumping from $67,000 in 2015 to $219,200 in 2022. This growth significantly outpaces both the state of New Mexico, which rose from $160,300 to $216,000, and the national average, which increased from $125,500 to $179,400 in the same period. For those considering investing or building property in De Baca County, this surge suggests a vibrant, appreciating market, possibly driven by unique local factors that make it an attractive area.
Average Real Estate Taxes Per Tax Return in De Baca County, NM Over the Last 6 Years
Real estate taxes in De Baca County, New Mexico saw significant fluctuations from 2012 to 2017, with a notable peak in 2016 at $1,466.67 and a low in both 2012 and 2015 at $900.00. While there has been an overall upward trend, the volatility might suggest underlying factors such as changes in property assessments or local tax policies. This variation could be crucial for potential investors, insurance agents, and appraisers to consider, as it impacts long-term financial planning and property valuations.
Percentage of Farm Returns in De Baca County, NM Over the Last 10 Years
De Baca County, New Mexico has experienced slight fluctuations in farm tax return percentages over the past decade, generally hovering around the 21% to 23% range. The highest recorded percentage was roughly 23.17% in 2016, while the lowest dipped to approximately 20.00% in 2020. These percentages might suggest a reasonably stable but marginally declining trend in agricultural activity or returns in the area, which could influence decisions for potential investors or those considering property development in this rural locale. Understanding farm tax returns is crucial as they reflect the agrarian economic health of the region, which can impact land value, local economies, and wider community investments.
Number of Mortgages by Occupancy Type in De Baca County, NM Over the Last 5 Years in De Baca County
Mortgage counts in De Baca County, New Mexico have shifted significantly in the last five years, with notable increases in principal residence mortgages from 20 in 2019 to 40 in 2021. Investment properties remain negligible, suggesting limited investor interest, which could indicate stability for homebuyers seeking primary residences. An upward trend in second home purchases, though minimal, implies a potential for seasonal or recreational housing developments. Understanding these occupancy dynamics is crucial for investors, real estate agents, and developers looking to capitalize on specific market needs, while appraisers and insurance agents might note the implications for property values and risk assessments.
Economic Outlook
Tracking nine years of financial data in De Baca County, New Mexico, reveals significant fluctuations in average taxable income per tax return, peaking at $54,240.74 in 2016 and bottoming out at $33,845.68 in 2015. State and local income taxes per tax return also varied sharply, with a peak of $7,617.67 in 2012 and dipping to $2,912.50 by 2015, indicating a dynamic economic environment. Meanwhile, total tax liability per tax return experienced notable volatility, peaking around $10,438.00 in... Read more
Average Taxable Income per Tax Return in De Baca County, NM over the last 9 years
Tracking nine years of financial data in De Baca County, New Mexico reveals fluctuations in the average taxable income per tax return, with peaks in 2016 at $54,240.74 and lows in 2015 at $33,845.68. This volatility suggests a dynamic economic landscape, likely impacting potential investment and property valuation decisions. For instance, higher average incomes might correlate with increased consumer spending and property prices, whereas dips could indicate economic contractions or shifts in employment patterns. This information could be critical for investors, appraisers, and real estate professionals assessing the financial health and trends within the county.
Average State and Local Income Taxes Per Tax Return in De Baca County, NM Over the Last 7 Years
De Baca County, New Mexico, has experienced notable variability in its average state and local income taxes per tax return over the past seven years. Taxes peaked at $7,617.67 in 2012, dipped significantly to $2,912.50 by 2015, but generally followed an upward trend after that period, reaching $7,450.00 by 2021. This fluctuation could impact decisions for potential residents, investors, and insurance agents by affecting the overall cost of living and long-term financial planning.
Average Total Tax Liability Per Tax Return in De Baca County, NM Over the Last 10 Years
In the last decade, De Baca County, New Mexico has seen its average total tax liability per tax return fluctuate significantly, with notable peaks in 2013 at around $10,438.00 and troughs in 2015 at approximately $5,110.00. This volatility suggests that economic stability and taxable income in the area are variable, which investors and real estate agents might find crucial for financial planning and market analysis. These swings in tax liability could influence appraisals and insurance premiums, as they reflect broader economic conditions impacting local property values and investment prospects.
Cost of Living in De Baca County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,130 | $1,436 | $2,438 | $1,421 | $1,387 |
| 1 adult 4 children | $1,130 | $1,172 | $1,886 | $1,421 | $1,451 |
| 2 adults 3 children | $1,130 | $1,173 | $2,104 | $1,421 | $1,112 |
| 1 adult 3 children | $1,130 | $958 | $1,553 | $1,421 | $1,175 |
| 2 adults 2 children | $795 | $960 | $1,770 | $1,247 | $892 |
| 1 adult 2 children | $795 | $717 | $1,219 | $1,247 | $833 |
| 2 adults 1 child | $795 | $759 | $1,436 | $682 | $797 |
| 1 adult 1 child | $795 | $490 | $885 | $682 | $647 |
| 2 adults | $637 | $610 | $1,103 | $0 | $603 |
| 1 adult | $582 | $332 | $551 | $0 | $519 |
Safety trends & Data
Property crime in De Baca County, New Mexico has fluctuated over the past few years, with fewer incidents recently. In 2018, there were two burglaries and three larceny-thefts. By 2021, motor vehicle thefts emerged with two cases, larceny-theft dropped to zero, and vandalism showed up with one case. In 2022, incidents of motor vehicle theft and larceny-theft each fell to one, while vandalism remained constant with a single case. These trends might attract investors, property developers, and... Read more
Property Crime Trends in De Baca County, NM Over the Last 3 Years
Property crime in De Baca County, New Mexico shows noticeable variations over the past three years, with fewer incidents recorded in recent years. In 2018, there were 2 incidents of burglary and 3 instances of larceny-theft. By 2021, motor vehicle thefts had appeared with 2 cases and vandalism with 1 case, while larceny-theft reported zero incidents. In 2022, both motor vehicle theft and larceny-theft incidents reduced to 1 each, along with a constant single case of vandalism. These trends suggest a potential decline in certain property crimes, which might interest investors, property developers, and residents evaluating the safety and desirability of this area.
Demographics
De Baca County, New Mexico shows a heavily male-skewed adult population, with nearly twice as many males as females. The educational attainment data suggests a sizable portion of the population has some college experience but no degree, which could point to potential barriers in completing higher education. Age-wise, the county sees a fairly balanced spread across various age groups, though there's a notable young adult and early-middle-aged demographic. The racial makeup indicates a... Read more
Race Distribution in De Baca County, New Mexico (2022)
Educational Attainment in De Baca County, New Mexico (2022)
Age Distribution in De Baca County, New Mexico
Citizen Population in De Baca County, New Mexico (2022)
Political Trends & Data
De Baca County in New Mexico leaned heavily Republican in the 2020 Presidential Election, with around 72.8% of votes for the GOP. Democrats pulled in about 25.6%, with third parties barely registering. This political leaning might suggest a strong conservative influence in the area, potentially affecting local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
De Baca County in New Mexico leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 72.8% of votes going to the GOP. Democrats trailed significantly, garnering around 25.6% of the vote. Third parties barely made a dent, with Libertarians receiving just over 1.2% and the Green Party even less. This trend could indicate strong Republican influence and possibly conservative values dominant in the area.
72.81% of voters voted for the Republican party in the 2020 Presidential Election
25.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
De Baca County, New Mexico has maintained a student-to-teacher ratio well below the national average of 14 students per teacher, hovering between 9.45 to 11.41 over the past decade. This trend implies smaller class sizes and more individualized student attention, hinting at a community that prioritizes education. For families seeking quality schooling environments, this could make the area more attractive. Investors, real estate agents, and developers might view this as a potential draw for... Read more
Student-to-teacher ratio in De Baca County, New Mexico over the last 10 years
De Baca County, New Mexico has consistently maintained a student-to-teacher ratio well below the national average of 14 students per teacher over the past decade. This relatively low ratio, which fluctuated between approximately 9.45 to 11.41, may indicate smaller class sizes and possibly more individualized attention for students. For investors and developers, these statistics suggest the presence of education as a community priority, potentially increasing the attractiveness of the area for families. Real estate agents and those contemplating a move might consider promoting this aspect, as it often appeals to parents looking for quality education environments. Insurance agents and appraisers could also infer a stable or improving educational infrastructure contributing to community desirability.
