Lincoln County Real Estate and Livability Trends
Lincoln County, New Mexico is showing potential economic growth as the average taxable income per tax return rose from $44,058.06 in 2013 to $62,282.51 by 2021, and the average total tax liability increased from $7,440.87 in 2012 to $10,345.22 in 2021, possibly reflecting higher earnings or more robust job opportunities. The housing market also experienced notable changes; the median home value... Read more
Lincoln County Market Trends
Lincoln County, New Mexico's housing market has seen some ups and downs, with the median home value jumping to $206,600 in 2018 before dipping to $172,800 in 2020, and then climbing back to $195,800. While this is slightly below the state median of $216,000, it still outpaces the national median of $179,400, possibly making it more attractive to certain buyers. Energy tax credits have spiked... Read more
Median Value of Occupied Housing Units in Lincoln County, New Mexico Over the Last 8 Years
Lincoln County, New Mexico has seen some interesting fluctuations in home values over the past eight years. While the median value spiked to $206,600 in 2018, it dipped again in 2020 to $172,800, but has recently climbed to $195,800. When compared to the state of New Mexico, Lincoln County's 2022 value closely trails the state's median of $216,000. Nationally, Lincoln County's housing prices generally stay higher, with the U.S. median value in 2022 at $179,400. This dynamic landscape suggests a nuanced market that could offer unique opportunities for investors and potential homeowners alike.
Residential Energy Tax Credit Per Tax Return in Lincoln County, NM Over the Last 9 Years
Lincoln County, New Mexico has seen notable fluctuations in residential energy tax credits over the past nine years. Peaks include a significant jump to $700.00 in 2017 and an even steeper rise to $1,900.00 in 2018, which possibly hints at local incentives or increased energy-efficient installations during those years. Post-2018, values have somewhat stabilized, remaining relatively high around $1,657.14 in 2019 and $1,825.00 by 2021. These trends could attract investors or homebuilders interested in leveraging tax credits, while also presenting implications for appraisers and insurance agents considering local property energy efficiencies.
Average Real Estate Taxes Per Tax Return in Lincoln County, NM Over the Last 10 Years
Lincoln County, New Mexico has experienced a noticeable increase in real estate taxes per tax return over the past decade. Since 2012, the average real estate tax payment has nearly doubled, climbing from $2,122.22 to $3,995.12 in 2021. This trend suggests that property values and/or tax rates may be rising, which could impact potential investors, new residents, appraisers, and real estate professionals. Such an increase might imply higher costs of ownership but could also reflect rising property values, which might be of interest for those considering long-term investments.
Percentage of Farm Returns in Lincoln County, NM Over the Last 10 Years
The percentage of farm returns in Lincoln County, New Mexico, has shown a mostly stable trend over the past decade, fluctuating between 2.89% and 3.23%. Farm tax returns are essential for gauging agricultural activity and land use, providing insight into the local economy and potential for future agricultural investments. For those looking to invest, build property, or move to Lincoln County, these trends suggest relatively consistent agricultural involvement, which could be important for understanding the local market and planning development projects.
Number of Mortgages by Occupancy Type in Lincoln County, NM Over the Last 5 Years in Lincoln County
The trends in Lincoln County, New Mexico show a notable fluctuation in mortgage counts over the past five years, with principal residences consistently making up the majority. Investment properties and second residences saw an increase followed by a decline in recent years. This variation in occupancy type is significant for potential investors and stakeholders as it indicates shifting market demands, which directly impacts property values and rental yields. Appraisers and insurance agents might find these trends useful for evaluating risk and setting premiums. Real estate agents and builders can leverage this data to identify opportunities and adjust marketing strategies to meet emerging customer needs.
Economic Outlook
Lincoln County, New Mexico has witnessed an upward trend in average taxable income per tax return, which started at $44,058.06 in 2013 and surged to $62,282.51 by 2021, hinting at possible economic growth or higher-paying jobs. The region has also seen significant fluctuations in state and local income taxes per tax return, peaking at $8,358.97 in 2020, possibly indicating an evolving economic environment that impacts both individuals and businesses. Additionally, the county's average total tax... Read more
Average Taxable Income per Tax Return in Lincoln County, NM over the last 9 years
Over the last nine years, Lincoln County, New Mexico has seen a general upward trend in the average taxable income per tax return. Starting at $44,058.06 in 2013, there was a notable rise to $47,241.02 in 2014, with some fluctuations in subsequent years but maintaining an overall increase. By 2018, it had reached around $52,699.33, and despite a small dip in 2020 to $51,981.89, there was a significant jump to $62,282.51 in 2021. This growth might suggest increasing economic opportunities or higher earning jobs in the region, presenting potential for investors, builders, real estate agents, and new residents looking for promising locales.
Average State and Local Income Taxes Per Tax Return in Lincoln County, NM Over the Last 10 Years
Lincoln County, New Mexico has seen significant fluctuations in average state and local income taxes per tax return over the past decade, with a general upward trend. Starting at $4,539.57 in 2012 and peaking at $8,358.97 in 2020, this increase might indicate an evolving economic environment that impacts both individuals and businesses. Such shifts could be crucial for investors and real estate agents evaluating potential growth or risk, as well as for those considering relocating to the area. Insurance agents and appraisers may also find this data useful for assessing property values and premiums in Lincoln County.
Average Total Tax Liability Per Tax Return in Lincoln County, NM Over the Last 10 Years
Over the past decade, Lincoln County, New Mexico, has seen varying increases in average total tax liability per tax return. Starting at around $7,440.87 in 2012, the figure climbed to $10,345.22 by 2021. This gradual rise, with occasional fluctuations, suggests an advancing economic environment, possibly indicating higher incomes or changes in tax policies. For real estate agents, investors, and appraisers, this trend could signify a more dynamic market and might affect property values and investment opportunities. Those considering building or moving to the area should factor these tax liabilities into their financial planning. For insurance agents assessing risk, the increase might reflect broader economic shifts that could influence policy pricing and client advisement.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,048 | $1,504 | $2,438 | $1,406 | $1,370 |
| 1 adult 4 children | $1,048 | $1,228 | $1,886 | $1,406 | $1,453 |
| 2 adults 3 children | $1,048 | $1,229 | $2,104 | $1,406 | $1,114 |
| 1 adult 3 children | $1,048 | $1,003 | $1,553 | $1,406 | $1,142 |
| 2 adults 2 children | $795 | $1,006 | $1,770 | $1,234 | $902 |
| 1 adult 2 children | $795 | $751 | $1,219 | $1,234 | $839 |
| 2 adults 1 child | $795 | $795 | $1,436 | $675 | $805 |
| 1 adult 1 child | $795 | $513 | $885 | $675 | $650 |
| 2 adults | $614 | $639 | $1,103 | $0 | $603 |
| 1 adult | $582 | $348 | $551 | $0 | $521 |
Safety trends & Data
Over the last five years in Lincoln County, New Mexico, burglary arrests spiked dramatically in 2019, rising from 6.0 in 2018 to 19.0, while larceny-theft arrests dropped from 20.0 in 2019 to just 1.0 by 2021. Vandalism also saw a peak in 2018 with 11.0 arrests, declining to 1.0 by 2022. Motor vehicle theft remained low with minor fluctuations. Notably, fraud and stolen property charges have shown inconsistency, possibly affecting property values, insurance rates, and investment allure. These... Read more
Property Crime Trends in Lincoln County, NM Over the Last 5 Years
Over the last five years in Lincoln County, New Mexico, there's a noticeable uptick in burglary arrests in 2019, reaching 19.0 from just 6.0 in 2018, while larceny-theft saw a reduction from 20.0 in 2019 to only 1.0 by 2021. Motor vehicle theft has remained relatively low, with a slight dip in 2020. Vandalism arrests appeared to peak in 2018 at 11.0 but saw a significant drop to only 1.0 by 2022. Fraud and stolen property charges fluctuate, indicating varying levels of criminal activity and potential areas of concern for residents and businesses. This dynamic landscape can influence property values, insurance rates, and investment opportunities, marking critical considerations for real estate and insurance professionals, as well as potential residents.
Demographics
Lincoln County, New Mexico's adult population is almost evenly split between males and females, with a slight majority of females. About half of the adults have only completed high school or some college, reflecting trends seen in many rural areas. The age distribution suggests an older demographic, with a sizable portion aged 55 and over. Racially, the county is predominantly White, with very small percentages of other races represented. This demographic makeup impacts everything from local... Read more
Race Distribution in Lincoln County, New Mexico (2022)
Educational Attainment in Lincoln County, New Mexico (2022)
Age Distribution in Lincoln County, New Mexico
Citizen Population in Lincoln County, New Mexico (2022)
Political Trends & Data
Lincoln County, New Mexico, displayed strong Republican support in the 2020 Presidential Election with nearly 67% of the vote, potentially giving the GOP a significant edge in local politics. Democrats pulled in around 31%, suggesting a noteworthy yet trailing influence. Minor parties like the Libertarians and Greens cumulatively secured less than 2%, indicating minimal impact. This voter distribution could be critical for strategic political planning and resource allocation in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lincoln County, New Mexico, leaned heavily Republican in the 2020 U.S. Presidential Election, with a nearly 67% share of the vote potentially giving the GOP a significant edge. Democrats garnered around 31%, which may indicate a substantial, but clearly trailing, presence. Minor parties like the Libertarians and Greens received less than 2% combined, suggesting limited influence in this area. Understanding these dynamics could be essential for strategic political planning and resource allocation.
67.36% of voters voted for the Republican party in the 2020 Presidential Election
30.99% 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
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lincoln County, New Mexico boasts a student-to-teacher ratio that generally falls below the national average, shifting from a peak of 13.64 in 2018 to around 11.8 in 2023. This relatively favorable ratio might signal strong educational infrastructure and could be appealing to parents and educators seeking more individualized attention in classrooms. For real estate investors and those looking to move or develop property in the area, this statistic could be an indicator of added... Read more
Student-to-teacher ratio in Lincoln County, New Mexico over the last 10 years
Lincoln County, New Mexico has seen its student-to-teacher ratio fluctuate but generally align with the national average over the past decade. The ratio peaked at approximately 13.64 students per teacher in 2018, but more recent data shows a decline to around 11.8 in 2023. This trend of a relatively favorable ratio compared to the US average of 14 students per teacher could be appealing to parents and educators prioritizing more individualized attention in classrooms. For potential investors, real estate agents, and those looking to move to or develop property in Lincoln County, this data might signal a solid educational infrastructure that can add value to the area.
