McKinley County Real Estate and Livability Trends
McKinley County, New Mexico, has seen average taxable income rise from $32,054.67 in 2013 to $41,346.82 in 2021, paralleling increased state and local taxes and boosted tax liabilities. These shifts likely mirror better economic conditions, potentially enhancing property values and drawing investor attention. With median home prices at just $70,200 in 2022, significantly lower than state and... Read more
McKinley County Market Trends
McKinley County's housing market shows an affordable yet relatively stable home value trend, with median prices at $70,200 in 2022 compared to higher state ($216,000) and national averages ($179,400). The area has also seen significant fluctuations in residential energy tax credits, peaking at $1,414.29 in 2018, possibly reflecting growing investments in energy-efficiency. Additionally, real... Read more
Median Value of Occupied Housing Units in McKinley County, New Mexico Over the Last 8 Years
Over the past 8 years, McKinley County, New Mexico has generally seen much lower median home values compared to New Mexico state and national figures. While McKinley County hovered around $68,300 in 2015 and experienced some fluctuations before reaching $70,200 in 2022, New Mexico as a whole saw a steady increase from $160,300 to $216,000 in the same period. Nationally, home values also rose significantly from $125,500 in 2015 to $179,400 in 2022. This makes McKinley County an intriguing spot for potential investors or homebuyers looking for more affordable housing options with less volatile price movements.
Residential Energy Tax Credit Per Tax Return in McKinley County, NM Over the Last 9 Years
Over the last nine years, McKinley County, New Mexico has shown significant fluctuation in the average residential energy tax credit per tax return. Starting at $352.94 in 2013, the amount increased to hitting peaks such as $964.29 in 2017 and $1,414.29 in 2018, before varying again and reaching $1,104.00 in 2021. These trends might suggest increasing investments in energy-efficient home improvements and possibly varying policy incentives, presenting potential opportunities for investors, insurers, appraisers, and real estate agents in the area's residential market.
Average Real Estate Taxes Per Tax Return in McKinley County, NM Over the Last 10 Years
Over the last decade in McKinley County, New Mexico, average real estate taxes per tax return have seen a steady increase, moving from $2,069.36 in 2012 to a notable $3,226.47 in 2021. This upward trend could be influential for potential property investors and real estate agents eyeing the county, suggesting perhaps a rise in property values and possibly enhanced local infrastructure or services. For insurance agents and appraisers, this pattern highlights the need for updated assessments and might indicate escalating property insurance premiums. Current residents and those considering a move here might want to factor in these rising costs when planning their finances.
Percentage of Farm Returns in McKinley County, NM Over the Last 10 Years
Farm tax returns in McKinley County, New Mexico, have shown a slightly increasing trend over the past decade, suggesting a modest rise in agricultural activities. Starting at 2.30% in 2012 and gradually rising to approximately 2.79% in 2021, these farm returns might imply opportunities for investment in the local agricultural sector. For those looking to build property or move to McKinley County, this subtle growth could indicate a potentially more stable local economy and community focus on farming.
Number of Mortgages by Occupancy Type in McKinley County, NM Over the Last 5 Years in McKinley County
The mortgage data for McKinley County, New Mexico over the past five years shows significant fluctuations, particularly in the number of principal residence mortgages, which peaked at 1,235 in 2021 from 730 in 2018. Investment property mortgages saw a slight overall increase, while second residence mortgages remained relatively stable with minor variations. These shifts in mortgage types could indicate changing buyer preferences and economic conditions, which might influence investment decisions, property valuations, and market dynamics. Understanding these trends is vital for investors, real estate agents, appraisers, builders, and insurance agents, as they provide insights into potential future opportunities and risks in the housing market.
Economic Outlook
Average taxable income in McKinley County, New Mexico has increased from $32,054.67 in 2013 to $41,346.82 in 2021. At the same time, average state and local income taxes rose from $4,111.95 in 2012 to $7,843.18 by 2021. Total tax liability per tax return rose from $4,674.91 in 2012 to $5,396.72 in 2021, peaking in 2017 at $5,234.68 before a slight dip and subsequent rise. While poverty rates have fluctuated, there’s been a notable decline from a high of 43.6% in 2013 to 30.7% in 2022. These... Read more
Average Taxable Income per Tax Return in McKinley County, NM over the last 9 years
Average taxable income in McKinley County, New Mexico has seen a steady increase over the last nine years, rising from approximately $32,054.67 in 2013 to about $41,346.82 in 2021. This growth trend could suggest improving economic conditions in the county, potentially attracting investors, property developers, and new residents. For insurance agents and appraisers, this upward trajectory may indicate a more affluent client base and possibly a higher market value for properties. Real estate agents might find it easier to market properties given the rising incomes, suggesting economic stability and growth opportunities in the area.
Average State and Local Income Taxes Per Tax Return in McKinley County, NM Over the Last 10 Years
McKinley County, New Mexico has experienced a noticeable increase in average state and local income taxes per tax return over the past decade, growing from approximately $4,111.95 in 2012 to about $7,843.18 by 2021. This upward trend suggests potential changes in tax policies or increasing incomes, which might interest investors or property developers considering the area's economic patterns. Real estate professionals and appraisers could find this data valuable as it might indicate shifts in property values. For those living in or considering a move to McKinley County, understanding these tax trends is crucial for financial planning. Moreover, insurance agents could see this as an indicator to adjust risk assessments and coverage plans accordingly.
Average Total Tax Liability Per Tax Return in McKinley County, NM Over the Last 10 Years
Average total tax liability per tax return in McKinley County, New Mexico has seen a gradual increase over the past decade, rising from around $4,674.91 in 2012 to approximately $5,396.72 in 2021. The most notable peak occurred in 2017 with $5,234.68, followed by a slight dip and then a steady climb. This upward trend may signal a growing economic development and possibly higher incomes in the area, which could interest prospective investors, real estate agents, and those planning to move or build property in the county. Caution should be taken for insurance agents, appraisers, and current residents to keep abreast of these changes for accurate assessments and future planning.
Cost of Living in McKinley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,063 | $1,444 | $2,438 | $1,363 | $1,297 |
| 1 adult 4 children | $1,063 | $1,179 | $1,886 | $1,363 | $1,348 |
| 2 adults 3 children | $1,063 | $1,179 | $2,104 | $1,363 | $1,030 |
| 1 adult 3 children | $1,063 | $963 | $1,553 | $1,363 | $1,079 |
| 2 adults 2 children | $795 | $965 | $1,770 | $1,196 | $858 |
| 1 adult 2 children | $795 | $721 | $1,219 | $1,196 | $789 |
| 2 adults 1 child | $795 | $763 | $1,436 | $654 | $772 |
| 1 adult 1 child | $795 | $493 | $885 | $654 | $626 |
| 2 adults | $671 | $613 | $1,103 | $0 | $603 |
| 1 adult | $666 | $334 | $551 | $0 | $544 |
Safety trends & Data
McKinley County, New Mexico, shows unpredictable property crime trends over the past five years, with notable fluctuations in larceny-theft, which dropped from $311.00 in 2019 to $123.00 in 2020, then settled around $107.00 by 2022. Burglaries peaked at 59 in 2019 but nosedived to just 7 by 2022. Vandalism incidents increased, especially in 2021, reaching 62. While motor vehicle thefts and fraud remain relatively low and stable, the region's crime volatility suggests that any real estate... Read more
Property Crime Trends in McKinley County, NM Over the Last 5 Years
McKinley County, New Mexico, has experienced volatile property crime trends over the last five years, with notable peaks and troughs. Larceny-theft remains the most common crime, though it saw a significant drop from 2019 (311.00) to 2020 (123.00) and then stabilized around 107.00 by 2022. Burglaries spiked in 2019 to 59 but then dramatically fell to just 7 in 2022. Vandalism saw an upward trend, especially in 2021 with 62 reported incidents. Motor vehicle thefts and fraud instances appeared relatively low and stable. Investing, relocating, or developing in this area could be promising, but vigilance regarding property crime is advised.
Demographics
In McKinley County, New Mexico, the adult population leans slightly female, with 26,626 women compared to 24,116 men. Educational attainment data shows a significant portion of residents with at least a high school diploma; however, higher education degrees are less common. The age distribution highlights a relatively young population, with large groups under 34 years, which could impact local workforce dynamics. American Indian and Alaska Native individuals form the majority racial group,... Read more
Race Distribution in McKinley County, New Mexico (2022)
Educational Attainment in McKinley County, New Mexico (2022)
Age Distribution in McKinley County, New Mexico
Citizen Population in McKinley County, New Mexico (2022)
Political Trends & Data
McKinley County, New Mexico seems to have a strong Democratic leaning based on the 2020 U.S. Presidential Election, with the Democratic party possibly capturing around 68% of the votes compared to the Republicans' 29%. Minor parties like the Libertarians and Greens appear to have had little influence, each staying near 1%. This suggests a predominantly two-party dynamic with limited traction for third-party candidates, which might be essential for anyone considering the political climate's... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In McKinley County, New Mexico, the 2020 U.S. Presidential Election reflected a clear preference for the Democratic party, which possibly gathered around 68% of the votes. Republicans trailed significantly, capturing about 29%. Minor parties like the Libertarians and Greens seemed to have garnered minimal support, with both staying near the 1% mark, indicating a predominantly two-party dynamic with limited traction for third-party candidates.
29.45% of voters voted for the Republican party in the 2020 Presidential Election
68.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.76% of voters voted for the Green party in the 2020 Presidential Election
0.71% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mckinley County, New Mexico has seen the student-to-teacher ratio rise from 14 in 2014 to peaks over 17 in recent years, hinting at shifts in resource allocation or demographic changes. As class sizes increase, this trend might impact student engagement and learning outcomes, which could be crucial for those considering investment or relocation in the area. Understanding these educational infrastructure changes might offer valuable insights into the county's future... Read more
Student-to-teacher ratio in Mckinley County, New Mexico over the last 10 years
Mckinley County, New Mexico has seen fluctuations in the student-to-teacher ratio over the past decade, rising from 14 in 2014 to peaks of over 17 in recent years. This trend may indicate potential shifts in resource allocation or demographic changes, which could affect the quality of education. While the student-to-teacher ratio was initially close to the national average of 14, recent years show a significant increase, suggesting larger class sizes that might impact student engagement and learning outcomes. For those looking to invest, move, or involve in real estate or educational planning, understanding these changes could offer crucial insights into local educational infrastructure and its future trajectory.
