Mora County Real Estate and Livability Trends
In Mora County, New Mexico, the average taxable income has risen from $30,340.30 in 2013 to $44,513.02 in 2021, pointing to an improving economic landscape. Meanwhile, local income taxes per return jumped from $2,575 in 2012 to approximately $7,000 in 2021, reflecting a rising cost of living. Median home values have increased from $84,300 in 2015 to $105,600 in 2022, presenting opportunities for... Read more
Mora County Market Trends
Mora County, New Mexico's median home values have generally increased from $84,300 in 2015 to $105,600 in 2022. Even though these values are lower than the state and national averages, they might offer interesting opportunities for investors and homebuyers looking for undervalued markets. Residential energy tax credits have fluctuated, peaking at $525.00 in 2021, suggesting a growing trend toward... Read more
Median Value of Occupied Housing Units in Mora County, New Mexico Over the Last 8 Years
Mora County, New Mexico's median home values have shown a fluctuating yet overall upward trend over the past eight years, rising from $84,300 in 2015 to $105,600 in 2022. While these values are substantially lower compared to the state and national averages, with New Mexico at $216,000 and the United States reaching $179,400 in 2022, the growth disparity could present attractive opportunities for investors and homebuyers seeking underappreciated markets. The relatively lower prices compared to broader trends could also offer more favorable conditions for property development and long-term investment in the area.
Residential Energy Tax Credit Per Tax Return in Mora County, NM Over the Last 5 Years
Residential energy tax credits in Mora County, New Mexico have shown marked variability over the past few years, with a notable spike in 2016 reaching $500.00 per tax return and the highest average recorded at $525.00 in 2021. This fluctuation might indicate increased adoption of energy-efficient installations or enhancements. For potential investors, real estate agents, and builders, this trend suggests growing homeowner interest in sustainable living, possibly opening doors for eco-friendly development and energy-efficient property upgrades. Insurance agents and appraisers might also consider the impact of energy-efficient investments on property values and premiums.
Average Real Estate Taxes Per Tax Return in Mora County, NM Over the Last 10 Years
Mora County, New Mexico has seen a fluctuating trend in average real estate taxes per tax return over the past decade, with notable peaks and valleys. 2019 saw a significant spike to $2,875.00, almost doubling the previous year’s value. Following this peak, there was a substantial drop to $1,000.00 by 2021. This volatility may suggest variability in property valuations or tax rate adjustments. Potential homeowners, real estate agents, and property developers may find these fluctuations interesting as they might impact long-term financial planning and investment strategies.
Percentage of Farm Returns in Mora County, NM Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Mora County, New Mexico, has shown minor fluctuations, generally hovering around 14%. These percentages have seen slight dips and rises, with the highest at about 15.31% in 2014 and the lowest around 11.84% in 2020. Farm tax returns indicate the economic vitality of the local agricultural sector, which could impact property values, local businesses, and overall community growth. Those looking to invest in or move to the area should consider these trends, as they may reflect the stability and health of the county's rural economy.
Number of Mortgages by Occupancy Type in Mora County, NM Over the Last 5 Years in Mora County
Mora County, New Mexico saw a noticeable growth in mortgages for principal residences over the past five years with a peak in 2021 at 121, while investment and second residence mortgages largely remained static or declined. This uptick in primary home mortgages suggests a rising appeal for long-term habitation, potentially making the county a more attractive option for future residents or real estate investors. For those considering property investments, this shift might imply a growing demand for residential services and amenities. Conversely, insurance agents and appraisers might find this trend hints at population and development increases that could influence risk assessments and property valuations. Real estate agents and developers should take note, as the demand for primary residences could point to broader economic trends in the area.
Economic Outlook
Mora County, New Mexico has seen a steady rise in average taxable income per tax return from $30,340.30 in 2013 to $44,513.02 in 2021, hinting at an improving economic landscape that might make the area more attractive to potential residents and investors. Meanwhile, local income taxes per tax return have significantly increased from $2,575 in 2012 to roughly $7,000 in 2021, reflecting a growing cost of living that could influence property demand and investment decisions. Additionally, the rise... Read more
Average Taxable Income per Tax Return in Mora County, NM over the last 9 years
Over the past nine years, the average taxable income per tax return in Mora County, New Mexico has shown a general upward trend, increasing from approximately $30,340.30 in 2013 to around $44,513.02 in 2021. This gradual rise in average taxable income might suggest an improving economic landscape in the area, potentially making it more appealing for new residents and investors. For real estate agents and property developers, these figures could indicate a growing market with increasing demand for housing and commercial properties. Similarly, appraisers and insurance agents may find this data valuable for assessment and policy-setting purposes.
Average State and Local Income Taxes Per Tax Return in Mora County, NM Over the Last 10 Years
Over the last decade in Mora County, New Mexico, we've seen a significant increase in average state and local income taxes per tax return, climbing from around $2,575 in 2012 to approximately $7,000 in 2021. There have been some fluctuations, notably in 2016 and 2017 when the values dipped below the previous highs, followed by a sharp rise beginning in 2019. This trend could impact decisions for those considering real estate investments or relocations, as higher local taxes may influence the overall cost of living and potential return on investment in the area.
Average Total Tax Liability Per Tax Return in Mora County, NM Over the Last 10 Years
Over the past decade, Mora County, New Mexico has seen a notable increase in the average total tax liability per tax return, rising from $3,488.00 in 2012 to $5,535.46 in 2021. This trend suggests a gradual economic shift that could be related to various factors such as changes in property values, income levels, or local policies. For investors, real estate agents, and developers, these figures might indicate a growing financial burden on residents, which could impact property demand and market dynamics. Appraisers and insurance agents might also want to consider these rising tax liabilities when evaluating properties and insurance premiums in the county.
Cost of Living in Mora County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,065 | $1,408 | $2,438 | $1,409 | $1,369 |
| 1 adult 4 children | $1,065 | $1,149 | $1,886 | $1,409 | $1,432 |
| 2 adults 3 children | $1,065 | $1,150 | $2,104 | $1,409 | $1,094 |
| 1 adult 3 children | $1,065 | $939 | $1,553 | $1,409 | $1,155 |
| 2 adults 2 children | $795 | $941 | $1,770 | $1,237 | $902 |
| 1 adult 2 children | $795 | $703 | $1,219 | $1,237 | $846 |
| 2 adults 1 child | $795 | $744 | $1,436 | $676 | $807 |
| 1 adult 1 child | $795 | $481 | $885 | $676 | $656 |
| 2 adults | $637 | $598 | $1,103 | $0 | $613 |
| 1 adult | $582 | $326 | $551 | $0 | $527 |
Safety trends & Data
Property crime in Mora County, New Mexico has shown notable fluctuations over the past five years. Larceny-theft is an ongoing concern, peaking at two incidents in 2020. Motor vehicle theft spiked in both 2020 and 2022 with two incidents each year. Burglary and vandalism were particularly prominent in 2021, each with two reported incidents. These trends could potentially influence property values, insurance rates, and community safety perceptions, making them crucial information for investors,... Read more
Property Crime Trends in Mora County, NM Over the Last 5 Years
Property crime in Mora County, New Mexico has shown some notable fluctuations over the past five years, with various types of offenses being more prevalent in different years. Larceny-theft appears to be an ongoing concern with occurrences reported in multiple years, peaking at two incidents in 2020. Motor vehicle theft showed a spike in 2020 with two incidents recorded, and again in 2022. Burglary and vandalism were particularly prominent in 2021, each with two reported incidents. These trends are crucial for potential investors, homebuyers, and real estate professionals as they can influence property values, insurance rates, and overall community safety perceptions.
Demographics
Mora County, New Mexico, presents a balanced adult population with slightly more females than males. Educational attainment is diverse but heavily skewed towards high school graduates, followed by those with some college experience. The age distribution is notable for its significant older population, particularly those aged 55 and above, indicating potential future challenges related to an aging demographic. Racial diversity appears limited, with the overwhelming majority identifying as White,... Read more
Race Distribution in Mora County, New Mexico (2022)
Educational Attainment in Mora County, New Mexico (2022)
Age Distribution in Mora County, New Mexico
Citizen Population in Mora County, New Mexico (2022)
Political Trends & Data
In Mora County, New Mexico, the 2020 U.S. Presidential Election showed a significant Democratic preference, with about 65% of votes cast for the Democratic candidate. The Republican Party garnered roughly 34%, while libertarian and Green parties barely registered, each with less than 1%. Other parties barely made a dent, with a combined total of just over 0.4%. This suggests that Mora County leans heavily... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mora County, New Mexico, the 2020 U.S. Presidential Election saw the Democratic Party capturing a significant majority of the vote share, with approximately 65%. The Republican Party trailed significantly, gathering about 34%, while minor parties like the Libertarians and Greens barely made a dent, each securing less than 1% of the votes. Other parties collectively garnered a minor fraction of just over 0.4%. This data suggests a strong Democratic leaning in this region.
33.62% of voters voted for the Republican party in the 2020 Presidential Election
64.97% of voters voted for the Democrat party in the 2020 Presidential Election
0.52% of voters voted for the Livertarian party in the 2020 Presidential Election
0.48% of voters voted for the Green party in the 2020 Presidential Election
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Mora County, New Mexico, the student-to-teacher ratio has changed from around 9 students per teacher in 2014 to just over 10 students per teacher in 2023. This still remains below the national average of 14 students per teacher, suggesting potentially higher quality of education. Such factors might influence property values and draw families seeking more personalized educational experiences, making this data significant for real estate market... Read more
Student-to-teacher ratio in Mora County, New Mexico over the last 10 years
In Mora County, New Mexico, the student-to-teacher ratio has fluctuated over the past decade, starting at about 9 students per teacher in 2014 and increasing to just over 10 students per teacher by 2023. Compared to the national average of 14 students per teacher, Mora County boasts a lower ratio, which could be appealing to those prioritizing more individualized attention in education. These trends may be relevant for investors, real estate agents, and potential residents looking into the area, as lower student-to-teacher ratios can indicate a higher quality of education, potentially affecting property values and the desirability of the community for families.
