Grant County Real Estate and Livability Trends
Grant County, New Mexico's average median home values have increased moderately from $132,800 in 2015 to $153,900 in 2022, remaining comparably more affordable than state and national figures. There's been a significant surge in real estate taxes from $1,474.32 in 2012 to $2,338.71 in 2021, which could impact future affordability for investors and homeowners. The stability in the percentage of... Read more
Grant County Market Trends
Grant County, New Mexico’s real estate market has displayed moderate growth, with median home values increasing from $132,800 in 2015 to $153,900 in 2022, remaining more affordable compared to state and national figures. Residential energy tax credits have fluctuated, peaking at $3,466.67 per tax return in 2018, hinting at shifting incentives or a rising interest in sustainable living. Real... Read more
Median Value of Occupied Housing Units in Grant County, New Mexico Over the Last 8 Years
Grant County, New Mexico has seen its median home values fluctuate over the past eight years, starting at $132,800 in 2015 and ending at $153,900 in 2022. This is relatively modest compared to the state, where values increased more steadily from $160,300 to $216,000. Nationally, home values rose from $125,500 in 2015 to $179,400 in 2022. These trends suggest that while Grant County's market has grown, it may offer more affordable opportunities compared to both state and national levels.
Residential Energy Tax Credit Per Tax Return in Grant County, NM Over the Last 9 Years
Residential energy tax credits in Grant County, New Mexico have significantly fluctuated over the past nine years, with a noticeable spike in 2018 reaching $3,466.67 per tax return. This variability might suggest shifting incentives or adoption rates for energy-efficient upgrades. For potential investors, real estate agents, or those looking to move, this trend indicates a potentially strong local interest in sustainable living, which could influence property values and market demand. Property developers and insurers may need to account for these shifts when assessing risk and value in the area.
Average Real Estate Taxes Per Tax Return in Grant County, NM Over the Last 10 Years
Grant County, New Mexico has experienced a notable increase in average real estate taxes per tax return over the last decade. In 2012, taxpayers paid an average of $1,474.32, climbing significantly to $2,338.71 by 2021. Particularly steep hikes occurred between 2016 and 2018, where taxes jumped from $1,619.23 to $2,280.49. These figures suggest ongoing, perhaps accelerating, increases in property valuations, which could impact affordability and attractiveness for potential investors, homeowners, and real estate professionals. This insight is especially critical for those considering property investments or planning long-term financial commitments in the area.
Percentage of Farm Returns in Grant County, NM Over the Last 10 Years
Farm tax returns in Grant County, New Mexico, are displaying a trend that investors and developers might find interesting. Over the last decade, the percentage of farm returns has remained relatively stable, with slight increases from 2.26% in 2012 to a peak of roughly 2.49% in 2016 before seeing minor fluctuations between 2.17% and 2.40% in the following years. Those looking to invest in agricultural ventures or develop rural properties in Grant County could consider this stability as a potential indicator of enduring farm operations and perhaps a resilient local agricultural sector. This data is useful in assessing the consistency and potential growth of farming activities in the region.
Number of Mortgages by Occupancy Type in Grant County, NM Over the Last 5 Years in Grant County
Grant County, New Mexico has seen notable fluctuations in mortgage types over the past five years. Principal residences make up the bulk of mortgages, peaking in 2021 with 1,318. These fluctuations can be essential for investors and realtors, indicating trends in local housing demand and potential profit areas, such as the rise in investment property mortgages from 2018 to 2021. Changes in occupancy types may also influence appraisals, insurance rates, and new housing development strategies, given the varying risk profiles and usage patterns of principal residences versus investment or second homes. These trends offer a nuanced view into the local real estate market dynamics, crucial for well-informed decision-making.
Economic Outlook
Grant County, New Mexico's average taxable income per tax return has increased from $42,486.44 in 2013 to $52,676.54 in 2021, hinting at economic growth and stability. Meanwhile, state and local income taxes have experienced significant volatility, peaking at $10,564.71 in 2020 before dropping to $7,300.00 in 2021, indicating possible economic or policy fluctuations. The average total tax liability per tax return also fluctuated over the past decade, peaking at $7,352.35 in 2020 and slightly... Read more
Average Taxable Income per Tax Return in Grant County, NM over the last 9 years
Grant County, New Mexico has seen a gradual increase in average taxable income per tax return over the last nine years. Starting at $42,486.44 in 2013, it climbed to $52,676.54 by 2021. This upward trend could signal economic growth and stability in the area, making it potentially attractive for investors, real estate professionals, and those considering moving to the region. Appraisers and insurance agents might find this data useful when assessing the financial health and potential risks associated with properties in the county.
Average State and Local Income Taxes Per Tax Return in Grant County, NM Over the Last 10 Years
Over the past ten years, Grant County, New Mexico has seen significant fluctuations in average state and local income taxes per tax return. Starting around $4,129.94 in 2012, there was a steady increase until 2017, hitting roughly $4,652.45. The most notable changes occurred between 2017 and 2020, where the average taxes jumped from about $4,652.45 to a peak of $10,564.71 in 2020. This spike suggests substantial economic or policy shifts during that period. However, 2021 saw a sharp decline bringing the average back down to $7,300.00, still higher than a decade ago. These volatile trends could be essential for real estate and financial experts as they reflect economic conditions impacting disposable income, potentially influencing property values, investment opportunities, and cost of living assessments in the area.
Average Total Tax Liability Per Tax Return in Grant County, NM Over the Last 10 Years
In the past decade, Grant County, New Mexico has shown a noticeable fluctuation in average total tax liability per tax return. After a steady climb from $6,208.43 in 2012 to $7,330.66 by 2015, there was a dip and subsequent variability, peaking at $7,352.35 in 2020 before slightly dipping to $7,235.98 in 2021. This trend can be indicative of economic shifts and could suggest volatility in the local job market or changing property values, which might interest real estate agents, investors, or those considering relocation to the area.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,092 | $1,464 | $2,438 | $1,403 | $1,331 |
| 1 adult 4 children | $1,092 | $1,195 | $1,886 | $1,403 | $1,381 |
| 2 adults 3 children | $1,092 | $1,196 | $2,104 | $1,403 | $1,058 |
| 1 adult 3 children | $1,092 | $976 | $1,553 | $1,403 | $1,104 |
| 2 adults 2 children | $795 | $979 | $1,770 | $1,231 | $864 |
| 1 adult 2 children | $795 | $731 | $1,219 | $1,231 | $789 |
| 2 adults 1 child | $795 | $774 | $1,436 | $673 | $770 |
| 1 adult 1 child | $795 | $500 | $885 | $673 | $615 |
| 2 adults | $682 | $622 | $1,103 | $0 | $594 |
| 1 adult | $582 | $339 | $551 | $0 | $491 |
Safety trends & Data
Property crime trends in Grant County, New Mexico, have fluctuated over the past five years. Arson remained low with only one annual case from 2018 to 2022. Burglary peaked at 9.0 incidents in 2020 before plummeting to 1.0 in 2021 and rising to 5.0 in 2022. Larceny-theft has been relatively stable with 2.0 to 4.0 incidents annually, and motor vehicle theft ranged between 2.0 and 3.0 cases each year. Notably, 2022 saw the emergence of stolen property possession crimes, hinting at a potential new... Read more
Property Crime Trends in Grant County, NM Over the Last 5 Years
Property crime in Grant County, New Mexico has shown fluctuating trends over the past five years. Arson incidents have remained consistently low, with only one case reported annually from 2018 to 2022. Burglary numbers hit a peak in 2020 with 9.0 incidents but dropped significantly in 2021 to just 1.0 before rising again to 5.0 in 2022. Larceny-theft has stayed relatively steady between 2.0 and 4.0 incidents annually, while motor vehicle theft hovered around 2.0 to 3.0 cases each year. Interestingly, 2022 marked the first appearance of stolen property possession crimes, suggesting a possible new trend to monitor. These patterns can provide valuable insights for prospective investors, real estate agents, and policymakers considering Grant County's safety and economic profile.
Demographics
In Grant County, New Mexico, there appears to be a slightly higher number of females compared to males. Educational attainment showcases that the majority have at least a high school diploma, with around 20% holding a bachelor’s degree or higher. The population skews older, with notable proportions in the 55+ age range. Racially, the county is predominantly White, but there's some diversity with smaller populations of other racial... Read more
Race Distribution in Grant County, New Mexico (2022)
Educational Attainment in Grant County, New Mexico (2022)
Age Distribution in Grant County, New Mexico
Citizen Population in Grant County, New Mexico (2022)
Political Trends & Data
Grant County, New Mexico, displayed a slight lean towards Democratic preferences in the 2020 U.S. Presidential Election with approximately 52.6% of the vote, compared to Republicans' 45.4%. Libertarians and Green Party supporters made up about 1.1% and 0.7%, respectively, while other parties collectively had roughly 0.2%. The close margin between the two major parties hints at a potentially competitive political environment in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grant County in New Mexico saw Democrats securing approximately 52.6% of the vote in the 2020 U.S. Presidential Election, while Republicans garnered around 45.4%. Libertarians and Green Party supporters constituted a small fraction, with about 1.1% and 0.7% respectively. Other parties collectively made up roughly 0.2%. This distribution suggests a leaning towards Democratic preferences, but with a substantial Republican presence that could indicate a competitive political landscape.
45.40% of voters voted for the Republican party in the 2020 Presidential Election
52.58% of voters voted for the Democrat party in the 2020 Presidential Election
1.10% of voters voted for the Livertarian party in the 2020 Presidential Election
0.68% of voters voted for the Green party in the 2020 Presidential Election
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Grant County, New Mexico, the student-to-teacher ratio has mostly hovered around 14 students per teacher over the last decade, slightly dipping in recent years to between 12.70 and 13.17. This trend could signal smaller class sizes and more personalized attention for students, which might appeal to families and investors eyeing the area. Real estate agents, appraisers, and developers could view this as an indicator of a stable education environment, potentially boosting neighborhood... Read more
Student-to-teacher ratio in Grant County, New Mexico over the last 10 years
The student-to-teacher ratio in Grant County, New Mexico, has oscillated predominantly around the national average of 14 students per teacher over the past 10 years. The ratio saw a peak in 2017 at 14.54 but has generally trended lower, with recent years showing ratios between 12.70 and 13.17. For investors and families considering moving to Grant County, these figures suggest smaller class sizes compared to the national average, potentially indicative of more personalized attention for students. Real estate agents and appraisers may find these trends valuable as they hint at a stable education environment, while insurance agents and property developers might see opportunities in the steady or slightly declining student-to-teacher ratio that could correlate with neighborhood desirability.
