Harding County Real Estate and Livability Trends
Harding County, New Mexico’s real estate market has shown volatility, with median home values peaking at $102,400 in 2019, dipping to $78,500 in 2021, and rebounding to $95,500 by 2022. These fluctuations contrast with New Mexico’s broader trend of consistent statewide increases. Such variability could attract investors seeking lower entry costs. Additionally, a stable agricultural sector... Read more
Harding County Market Trends
Over the past eight years, Harding County, New Mexico, has seen its median home values fluctuate significantly, peaking at $102,400 in 2019 before dipping to $78,500 in 2021 and rebounding to $95,500 by 2022. Unlike the more consistent statewide increase from $160,300 to $216,000 between 2015 and 2022, Harding County's volatility could appeal to investors seeking lower entry costs. Farm tax... Read more
Median Value of Occupied Housing Units in Harding County, New Mexico Over the Last 8 Years
Over the past eight years, Harding County, New Mexico has experienced fluctuations in median home values with a significant dip between 2019 and 2021. Peaking at $102,400 in 2019 before falling to $87,500 in 2020 and $78,500 in 2021, the values rebounded to $95,500 by 2022. Compared to New Mexico's overall increase from $160,300 in 2015 to $216,000 in 2022, Harding County's market has been less consistent. Nationally, the median value has almost steadily risen from $125,500 in 2015 to $179,400 in 2022. Investors might find Harding County appealing for its lower entry cost, while buyers seeking stability might prefer more consistent markets.
Percentage of Farm Returns in Harding County, NM Over the Last 10 Years
Over the past decade in Harding County, New Mexico, the percentage of farm tax returns has shown a relatively stable trend. Starting at roughly 26.47% in 2012, there was a noticeable increase, peaking at about 35.48% in 2015. Post-2015, the percentages hovered around the low to mid-30s, with a slight dip to 28.67% in 2020, followed by a modest rise to 30.33% in 2021. Farm tax returns represent the proportion of tax filings that classify income from farming activities. This metric is a useful indicator for potential investors or those considering a relocation to the area, as it can reflect the health and economic activity of the local agricultural sector. It also signals opportunities for businesses supporting farming activities or for potential property buyers looking to invest in agricultural land.
Number of Mortgages by Occupancy Type in Harding County, NM Over the Last 5 Years in Harding County
In the last five years, Harding County, New Mexico saw fluctuating numbers in mortgages for principal residences, peaking in 2019 with six and dipping to one in 2020. Investment property mortgages were markedly scarce, noted only in 2019. These trends could hint at investor caution or potential untapped opportunities in the local market. For investors, real estate agents, and developers, these variations are crucial as they reflect stability and demand for principal residential properties while suggesting potential room for growth in investment properties. Appraisers and insurance agents might see these changes as indicators for assessing property values and risk factors in the county.
Economic Outlook
Harding County, New Mexico has experienced significant fluctuations in average taxable income per tax return, with notable peaks in 2014 at $47,828.13 and dips to $33,073.33 in 2018, before rebounding to $50,048.28 by 2021. The county also saw a noticeable decline in state and local income taxes, dropping from $8,150.00 in 2014 to $3,600.00 in 2017, which could reflect changing local economic conditions or tax policies. Total tax liability per tax return has been equally variable, ranging from... Read more
Average Taxable Income per Tax Return in Harding County, NM over the last 9 years
Over the past nine years, Harding County, New Mexico has seen a fluctuating trend in average taxable income per tax return, with notable peaks and dips. In 2013, the average taxable income was $45,277.42, which increased to $47,828.13 in 2014, before declining through 2016 to $37,109.68. Notably, the average dropped further in 2018 to $33,073.33 but rebounded to $50,048.28 by 2021. These variations might interest investors, real estate agents, and appraisers who need to gauge economic stability and potential growth when considering the local market dynamics.
Average State and Local Income Taxes Per Tax Return in Harding County, NM Over the Last 3 Years
Harding County, New Mexico has seen a noticeable decline in average state and local income taxes per tax return over the past few years. In 2014, the average tax return was $8,150.00, but by 2017 it had dropped to $3,600.00. This decrease could have significant implications for those considering investment opportunities, property development, or moving to the area, as it may reflect changes in local economic conditions or tax policies. Real estate agents and appraisers might find this trend particularly relevant when evaluating property values and potential growth in the region.
Average Total Tax Liability Per Tax Return in Harding County, NM Over the Last 10 Years
Over the past decade, Harding County, New Mexico has seen significant fluctuations in average total tax liability per tax return, with values ranging from a high of $9,070.00 in 2013 to a low of $4,100.00 in 2019. Notable peaks include 2013 and 2021, suggesting occasional surges potentially linked to underlying economic conditions or policy changes. For investors, real estate agents, and those looking to move, this variability indicates a somewhat volatile tax environment that could impact financial planning and decision-making. Insurance agents and appraisers might also need to consider these trends when assessing risk and property values.
Cost of Living in Harding County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,130 | $1,408 | $2,438 | $1,421 | $1,479 |
| 1 adult 4 children | $1,130 | $1,149 | $1,886 | $1,421 | $1,549 |
| 2 adults 3 children | $1,130 | $1,150 | $2,104 | $1,421 | $1,191 |
| 1 adult 3 children | $1,130 | $939 | $1,553 | $1,421 | $1,267 |
| 2 adults 2 children | $795 | $941 | $1,770 | $1,247 | $948 |
| 1 adult 2 children | $795 | $703 | $1,219 | $1,247 | $904 |
| 2 adults 1 child | $795 | $744 | $1,436 | $682 | $846 |
| 1 adult 1 child | $795 | $481 | $885 | $682 | $690 |
| 2 adults | $637 | $598 | $1,103 | $0 | $644 |
| 1 adult | $582 | $326 | $551 | $0 | $544 |
Demographics
The gender distribution in Harding County, New Mexico shows a relatively small population with slightly more males than females. Educational attainment reveals a significant portion of the populace achieving at least a high school diploma, with a fair number pursuing higher education. Age distribution indicates a balanced spread across age groups, though there appears to be a higher concentration of individuals in both the 35-44 and 65-74 age brackets. Racially, the community is predominantly... Read more
Race Distribution in Harding County, New Mexico (2022)
Educational Attainment in Harding County, New Mexico (2022)
Age Distribution in Harding County, New Mexico
Citizen Population in Harding County, New Mexico (2022)
Political Trends & Data
In Harding County, New Mexico, the 2020 U.S. Presidential Election displayed a notable conservative leaning, with around 63% of votes going to the Republican Party. Democrats accrued about 35%, while minor parties barely registered, each earning well under 1%. This conservative tilt could present obstacles for non-Republican campaigns trying to establish a foothold in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Harding County, New Mexico, the 2020 U.S. Presidential Election results showed a strong tendency towards the Republican Party, with roughly 63% of the votes. Democrats had a significant, though considerably lower, share at around 35%. Minor parties like the Libertarian and other non-major parties, including the Green Party, barely made a dent, each gathering well under 1% of the vote. This suggests Harding County may lean significantly conservative in its political affiliations, indicating potential challenges for Democratic and minor party campaigns to gain traction.
63.17% of voters voted for the Republican party in the 2020 Presidential Election
35.45% of voters voted for the Democrat party in the 2020 Presidential Election
0.59% of voters voted for the Livertarian party in the 2020 Presidential Election
0.79% of voters voted for the Other party in the 2020 Presidential Election
School Data
Examining the student-to-teacher ratio in Harding County, New Mexico over the past decade reveals notable fluctuations, starting below the national average of 14 with just 6 students per teacher in 2014, peaking at 15 in 2022, and then dropping to 9 in 2023. This variability might indicate shifts in school enrollments or staffing levels, potentially impacting decisions about property development or education quality. Investors, builders, real estate agents, and appraisers might use these trends... Read more
Student-to-teacher ratio in Harding County, New Mexico over the last 10 years
Examining the student-to-teacher ratio in Harding County, New Mexico over the past decade reveals notable fluctuations. It started below the national average of 14 with just 6 students per teacher in 2014, then varied moderately until a sharp increase in recent years reaching 15 in 2022, before falling slightly to 9 in 2023. This trend could indicate periods of increased school enrollments or variations in staffing levels. For investors, builders, or those considering a move to the area, this variability might impact decisions about property development or education quality. Real estate agents and insurance agents may also find this data relevant when assessing community growth or risk factors related to family housing. Similarly, appraisers might use these trends to gauge local school demand and its effect on property values.
