Luna County Real Estate and Livability Trends
Luna County, New Mexico, has seen a gradual rise in average taxable income, starting at around $31,367.55 in 2013 and peaking at $38,417.98 by 2021, suggesting possible economic improvements or higher wages. The median home values have climbed from $81,900 in 2015 to $100,900 in 2022, indicating potential affordability and investment prospects, particularly for those priced out of other markets.... Read more
Luna County Market Trends
Luna County, New Mexico's median home values increased from $81,900 in 2015 to $100,900 in 2022, still trailing state and national averages. This suggests potential affordability and investment prospects, particularly for those priced out of broader markets. The climb in residential energy tax credits, particularly from $530.00 in 2013 to $2,352.94 in 2021, points to a growing interest in... Read more
Median Value of Occupied Housing Units in Luna County, New Mexico Over the Last 8 Years
Luna County, New Mexico's median home values have consistently lagged behind both state and national averages over the past eight years. From 2015 to 2022, home values in Luna County grew from $81,900 to $100,900. In contrast, New Mexico's state-wide median value rose from $160,300 to $216,000, while the national figure escalated from $125,500 to $179,400 in the same period. This suggests potential for affordability and investment opportunities in Luna County, especially for those who might be priced out of the broader New Mexico or U.S. housing markets.
Residential Energy Tax Credit Per Tax Return in Luna County, NM Over the Last 9 Years
Over the last nine years in Luna County, New Mexico, the average residential energy tax credit per tax return has seen substantial fluctuations, notably increasing from $530.00 in 2013 to an impressive $2,352.94 in 2021. The most significant spikes occurred in 2018 and 2019, reaching $1,700.00 and $2,571.43 respectively. These trends could suggest a growing investment in energy-efficient home improvements and a potential rise in eco-conscious homeowners. For those considering investing in property, moving here, or engaging in related services, it's prudent to note these shifts as they may reflect increasing governmental incentives towards greener energy solutions.
Average Real Estate Taxes Per Tax Return in Luna County, NM Over the Last 10 Years
Real estate taxes per tax return in Luna County, New Mexico have shown an upward trend over the last decade, peaking at $2,191.67 in 2020 before a slight decrease to $1,900.00 in 2021. The consistent increase, especially notable spikes in 2018 and 2019, implies widening financial demands possibly due to property value appreciation or changing tax policies. This information could be pivotal for potential investors and homeowners as it reflects the growing cost of property ownership in the area.
Percentage of Farm Returns in Luna County, NM Over the Last 10 Years
Over the past decade, Luna County, New Mexico, has seen only slight fluctuations in the percentage of farm tax returns, hovering around 1.75% to 2.00%. Farm tax returns likely indicate the economic activity generated from farming, providing insight into the overall agricultural health of the region. For prospective investors and residents, this data hints at a relatively stable but modest farming sector, which could be important for understanding the local economy and potential opportunities in agricultural development or related industries.
Number of Mortgages by Occupancy Type in Luna County, NM Over the Last 5 Years in Luna County
Luna County, New Mexico has shown a consistent increase in the number of mortgages for principal residences over the past five years, peaking at 772 in 2021. Investment properties and second residences have seen more fluctuating trends, with investment properties generally under 25 mortgages annually and second residences not exceeding 24. Changes in occupancy type can reflect shifts in market demand and demographic trends, potentially impacting property values, insurance rates, and investment strategies. For real estate agents, appraisers, and potential buyers, understanding these trends helps in making informed decisions related to property development, valuation, and purchase in the county.
Economic Outlook
Luna County, New Mexico has seen a gradual rise in average taxable income per tax return, starting at approximately $31,367.55 in 2013 and peaking at around $38,417.98 by 2021. This could indicate economic improvements or higher wages, possibly making the area more attractive for investors and potential residents. State and local income taxes have also increased, starting at about $3,278.72 in 2012 and reaching around $4,458.33 by 2021, with significant spikes in 2018 and 2019. This rising tax... Read more
Average Taxable Income per Tax Return in Luna County, NM over the last 9 years
Luna County, New Mexico has seen a gradual increase in average taxable income per tax return over the past nine years. Starting at roughly $31,367.55 in 2013, there's notable growth peaking at about $38,417.98 by 2021. Though fluctuations exist, the overall upward trend might suggest economic improvements or higher wages, making it potentially appealing for investors, real estate agents, and those considering moving to the area. Housing market participants and insurance agents might particularly find this data useful for adjusting their valuations and premiums appropriately.
Average State and Local Income Taxes Per Tax Return in Luna County, NM Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Luna County, New Mexico have shown a general upward trajectory, beginning around $3,278.72 in 2012 and reaching around $4,458.33 by 2021. Notably, there was a significant spike in 2018 and 2019, with averages climbing to $4,547.06 and $4,878.57 respectively. This trend could hint at a rising tax burden, which might influence decisions for potential investors, property developers, and residents considering the area. The fluctuations could also impact real estate appraisals and insurance calculations.
Average Total Tax Liability Per Tax Return in Luna County, NM Over the Last 10 Years
In Luna County, New Mexico, the average total tax liability per tax return has mostly fluctuated within the $4,200 to $4,800 range over the past decade. Notable peaks occurred in 2018 at approximately $4,844.42 and 2012 at $4,662.37, while the lowest point was in 2014 at around $4,256.51. This variability suggests a somewhat stable but slightly unpredictable tax environment, potentially impacting financial planning for individuals and businesses in the area. Investors, real estate agents, and those considering relocation might find this information helpful for anticipating future tax obligations.
Cost of Living in Luna County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,076 | $1,319 | $2,438 | $1,411 | $1,240 |
| 1 adult 4 children | $1,076 | $1,077 | $1,886 | $1,411 | $1,290 |
| 2 adults 3 children | $1,076 | $1,078 | $2,104 | $1,411 | $985 |
| 1 adult 3 children | $1,076 | $880 | $1,553 | $1,411 | $1,029 |
| 2 adults 2 children | $795 | $882 | $1,770 | $1,238 | $822 |
| 1 adult 2 children | $795 | $659 | $1,219 | $1,238 | $744 |
| 2 adults 1 child | $795 | $697 | $1,436 | $677 | $735 |
| 1 adult 1 child | $795 | $450 | $885 | $677 | $590 |
| 2 adults | $604 | $560 | $1,103 | $0 | $537 |
| 1 adult | $532 | $305 | $551 | $0 | $454 |
Safety trends & Data
Luna County, New Mexico, has observed fluctuating property crime rates over the past three years. Larceny-theft incidents peaked at 143 in 2018 but fell to 125 by 2020. Burglary saw a dramatic decline from 19 incidents in 2018 to just 5 in 2020. Vandalism incidents remained stable at around 21 annually, while motor vehicle theft and fraud showed minor activity. This could indicate improving security measures but also highlights the need for continued vigilance, particularly regarding vandalism.... Read more
Property Crime Trends in Luna County, NM Over the Last 3 Years
Luna County, New Mexico, has seen fluctuating property crime rates over the last three years. In 2018, larceny-theft topped the list with 143 incidents, but by 2020 this number dipped to 125. Burglary incidents almost dramatically dropped from 19 in 2018 to just 5 in 2020. Vandalism remained relatively stable, hovering around 21 incidents each year, while motor vehicle theft and fraud registered minor activity throughout the period. This trend might suggest improving security measures but also highlights areas, like vandalism, in need of steady vigilance. For those looking to invest, understanding these dynamics is crucial for informed decision-making.
Demographics
Luna County, New Mexico presents a nearly balanced adult population with males slightly outnumbering females. Educational attainment data reveals a significant portion of the populace only achieving a high school diploma or less, suggesting potential gaps in advanced education access or completion. The age distribution shows a pronounced peak in the under-10 and 25-34 age groups, highlighting potential focus areas for both early education and workforce development initiatives. Furthermore, the... Read more
Race Distribution in Luna County, New Mexico (2022)
Educational Attainment in Luna County, New Mexico (2022)
Age Distribution in Luna County, New Mexico
Citizen Population in Luna County, New Mexico (2022)
Political Trends & Data
Luna County, New Mexico might exhibit a competitive real estate market due to its strong two-party political dynamic, revealed in the 2020 U.S. Presidential Election. With Republicans taking roughly 54% of the votes and Democrats about 44%, this area could experience balanced development initiatives favored by both major parties. This political landscape might shape housing policies, infrastructure growth, and community investments, potentially making the county a focal point for steady and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Luna County, New Mexico, the 2020 U.S. Presidential Election results hinted at a likely Republican lean, with approximately 54% of the votes going to the Republican candidate. Democrats followed with around 44%, while Libertarian, Green, and other parties collectively garnered about 1.6% of the vote. This distribution suggests a potentially strong two-party dynamic, with minimal impact from third-party candidates.
54.40% of voters voted for the Republican party in the 2020 Presidential Election
43.97% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% of voters voted for the Green party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
Luna County, New Mexico's student-to-teacher ratio has seen substantial changes over the past decade, remaining above the national average of 14 students per teacher from 2014 to 2020 and peaking at 17 in 2018. However, recent years have shown a positive shift, with the ratio dropping to 14, aligning or even falling below the national average. This could indicate improved educational investment or changing enrollment patterns, making the area potentially more attractive to residents who... Read more
Student-to-teacher ratio in Luna County, New Mexico over the last 10 years
Luna County, New Mexico has experienced fluctuations in its student-to-teacher ratios over the past decade. The ratio remained above the national average of 14 students per teacher from 2014 until 2020, peaking at 17 in 2018. However, recent years have shown a significant improvement, with ratios closely aligning with or even dropping below the national average, reaching 14 by the most recent year. This trend may suggest improved educational investment or changing enrollment patterns, which could be enticing for potential residents prioritizing education quality, and insightful for appraisers, real estate agents, and investors assessing the long-term appeal and value of the area.
