Rio Arriba County Real Estate and Livability Trends
In Rio Arriba County, New Mexico, the median home values have jumped from $155,900 in 2015 to $212,700 in 2022, outpacing national growth figures and signaling heightened investment interest. Average taxable income per tax return has increased from $40,818.88 in 2013 to $51,452.23 in 2021, indicative of potential economic growth and higher property values. The rise in average state and local... Read more
Rio Arriba County Market Trends
The median home values in Rio Arriba County, New Mexico, have shown a substantial rise, escalating from $155,900 in 2015 to $212,700 in 2022, outpacing national growth figures. This sharp increase could indicate heightened investment and living interest in the county. On the energy front, the average residential energy tax credit per tax return has also grown, peaking at $2,840.00 in 2018 before... Read more
Median Value of Occupied Housing Units in Rio Arriba County, New Mexico Over the Last 8 Years
The median home values in Rio Arriba County, New Mexico, showed a steady increase over the last eight years, jumping from $155,900 in 2015 to $212,700 in 2022. This localized surge appears consistent with statewide trends where the median value also climbed from $160,300 to $216,000 in the same period. Interestingly, Rio Arriba County's growth reflects a sharper rise compared to national figures, with the U.S. median home value reaching only $179,400 in 2022. This could signify growing investment and living interest in the county, possibly offering more dynamic opportunities for potential homebuyers and investors considering the location more attractive when contrasted with broader trends.
Residential Energy Tax Credit Per Tax Return in Rio Arriba County, NM Over the Last 9 Years
Over the past nine years, Rio Arriba County, New Mexico, has seen a notable increase in the average residential energy tax credit per tax return. Starting at $547.06 in 2013, the credit steadily grew, peaking significantly at $2,840.00 in 2018. While there was a dip in the following year to $1,200.00, the numbers have since stabilized with a modest rise, reaching $1,820.00 by 2021. This trend suggests growing investments in energy-efficient home improvements, making the county an attractive prospect for eco-conscious homebuyers and investors. Real estate agents, appraisers, and insurance agents might find this data indicative of increasing property values, partly driven by energy savings and potential incentives.
Average Real Estate Taxes Per Tax Return in Rio Arriba County, NM Over the Last 10 Years
Real estate taxes in Rio Arriba County, New Mexico, have shown a notable upward trend over the past decade. From $1,254.47 in 2012 to a peak of $2,518.37 in 2020, property owners have likely experienced an average increase in their real estate tax burden. Such rising figures, particularly the significant jump around 2016-2019, suggest growing property values or tax rate adjustments, relevant data for potential investors, builders, and real estate professionals.
Percentage of Farm Returns in Rio Arriba County, NM Over the Last 10 Years
Rio Arriba County, New Mexico has experienced a subtle but noticeable declining trend in the percentage of farm tax returns over the past decade, dropping from 5.16% in 2012 to approximately 4.07% in 2021. Farm tax returns typically indicate the economic health and activity within the agricultural sector of the county. For potential investors, property developers, and residents, this downward trend might signal changing economic dynamics and a potential shift in land use away from agriculture. While still a significant portion of the local economy, the reduced percentage of farm returns suggests that farm-related income and activity might be slowing or diversifying into other sectors. This information could be vital for making informed decisions regarding investments and developments in Rio Arriba County.
Number of Mortgages by Occupancy Type in Rio Arriba County, NM Over the Last 5 Years in Rio Arriba County
Rio Arriba County, New Mexico has seen notable fluctuations in mortgage counts across different occupancy types over the past five years. The number of mortgages for principal residences surged significantly, peaking at 1,244 in 2021 compared to 762 in 2018. This trend underscores a robust demand for primary homes, potentially driven by population growth or a shift towards owner-occupied properties. Mortgages for second residences and investment properties remained relatively stable, with only slight increases, hinting at a lesser emphasis on these categories. These shifts may impact real estate market dynamics, property valuations, and insurance considerations, making it crucial for investors, appraisers, and real estate professionals to monitor these patterns.
Economic Outlook
In Rio Arriba County, New Mexico, average taxable income per tax return has seen a steady increase over the past nine years, climbing from $40,818.88 in 2013 to $51,452.23 in 2021. This rise might indicate economic growth, potentially signaling higher property values. Also, average state and local income taxes per tax return have nearly doubled over the last decade, peaking at $7,072 in 2021, reflecting possible shifts in economic conditions or tax policies. Meanwhile, average total tax... Read more
Average Taxable Income per Tax Return in Rio Arriba County, NM over the last 9 years
Rio Arriba County, New Mexico has experienced a generally upward trend in average taxable income per tax return over the past nine years, with figures rising from $40,818.88 in 2013 to a peak of $51,452.23 in 2021. This increase in average taxable income could be of interest for investors and real estate agents as an indicator of economic growth and potential for higher property values. Appraisers and insurance agents might need to consider this rising trend when assessing the market, while those moving to the area can view it as a sign of possible steadier incomes among residents.
Average State and Local Income Taxes Per Tax Return in Rio Arriba County, NM Over the Last 10 Years
In Rio Arriba County, New Mexico, there's been a noticeable upward trend in average state and local income taxes per tax return over the past decade. Starting around the $3,760 mark in 2012, amounts have consistently climbed, peaking dramatically at $7,072 in 2021. This surge in taxes might signal evolving economic conditions or changing tax policies, which could impact potential investors, homebuyers, and property developers. The increase in tax burdens may also be a point of interest for appraisers and insurance agents when evaluating property values and risks in the area.
Average Total Tax Liability Per Tax Return in Rio Arriba County, NM Over the Last 10 Years
Rio Arriba County, New Mexico has experienced fluctuations in the average total tax liability per tax return over the past decade, with amounts generally hovering between $5,500.00 and $6,700.00. The noticeable recent uptick to $6,710.99 in 2021 might suggest economic or policy changes impacting taxpayers. These trends could be crucial for potential investors, real estate agents, and residents looking to understand the economic climate and tax burdens in this area before making financial decisions.
Cost of Living in Rio Arriba County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $968 | $1,355 | $2,438 | $1,346 | $1,207 |
| 1 adult 4 children | $968 | $1,107 | $1,886 | $1,346 | $1,250 |
| 2 adults 3 children | $968 | $1,107 | $2,104 | $1,346 | $952 |
| 1 adult 3 children | $968 | $904 | $1,553 | $1,346 | $991 |
| 2 adults 2 children | $795 | $906 | $1,770 | $1,181 | $837 |
| 1 adult 2 children | $795 | $677 | $1,219 | $1,181 | $768 |
| 2 adults 1 child | $795 | $716 | $1,436 | $646 | $758 |
| 1 adult 1 child | $795 | $463 | $885 | $646 | $618 |
| 2 adults | $689 | $575 | $1,103 | $0 | $600 |
| 1 adult | $689 | $314 | $551 | $0 | $551 |
Safety trends & Data
Rio Arriba County, New Mexico has shown variable property crime trends over the past five years, with 2018 seeing notable peaks in burglary and larceny-theft cases, hitting 25 and 28 respectively. Vandalism hit its highest point in 2019 with 25 cases but significantly declined in the following years. Motor vehicle theft, arson, embezzlement, and fraud have remained relatively low. These fluctuations in crime rates may be crucial for investors and real estate professionals assessing risk and... Read more
Property Crime Trends in Rio Arriba County, NM Over the Last 5 Years
Rio Arriba County, New Mexico has experienced notable fluctuations in property crime over the past five years. There were significant instances of burglary and larceny-theft, particularly in 2018 with 25 burglaries and 28 larcenies. Vandalism peaked in 2019 at 25 cases but saw a steep decline in subsequent years. The county also saw varying cases of motor vehicle theft, arson, embezzlement, and fraud, though these remained relatively low. These trends could be particularly interesting for potential investors, property developers, and real estate professionals assessing the area's risk factors and security needs.
Demographics
Rio Arriba County in New Mexico shows a fairly balanced adult population with slightly more females than males. Educational attainment varies, with high school graduates forming the largest group, and there's a significant portion who have attended some college but didn't earn a degree. Age distribution skews older, with a noticeable number of residents aged 55 to 64. Racially, the county is diverse but predominantly White and Native American, with a considerable number of residents identifying... Read more
Race Distribution in Rio Arriba County, New Mexico (2022)
Educational Attainment in Rio Arriba County, New Mexico (2022)
Age Distribution in Rio Arriba County, New Mexico
Citizen Population in Rio Arriba County, New Mexico (2022)
Political Trends & Data
In Rio Arriba County, New Mexico, real estate trends could be influenced by the area's consistent Democratic voting patterns, where Democratic candidates frequently win a significant majority of the vote. Republican candidates usually get less than one-third of the votes, and third-party involvement is almost negligible. This solid Democratic lean might reflect local policy preferences that could affect housing regulations, development incentives, and community planning, potentially making the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rio Arriba County, New Mexico, Democratic candidates tend to dominate the voting landscape, often capturing a significant majority of the vote. Republican candidates typically secure less than one-third of the ballots, and third-party involvement appears minimal, with Libertarians, Greens, and others collectively garnering under 2% of votes. This voting pattern might suggest strong local support for Democratic policies and candidates over the years.
32.52% of voters voted for the Republican party in the 2020 Presidential Election
66.09% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Rio Arriba County in New Mexico has seen its student-to-teacher ratio trend downward from 14 in 2014 to 11.9 in 2023, below the national average of 14 students per teacher. This could signal a strengthening educational system, potentially enhancing property values and appealing to prospective movers. For investors and developers, this trend suggests an opportunity for growth, while insurance agents and appraisers might find it indicative of more stable communities,... Read more
Student-to-teacher ratio in Rio Arriba County, New Mexico over the last 10 years
Over the last decade, Rio Arriba County in New Mexico has seen its student-to-teacher ratio fluctuate but generally trend downward. Starting in 2014 with a ratio of 14 students per teacher, it reached its peak in 2017 at nearly 15 students per teacher, before declining to 11.9 in 2023. This is notably below the current national average of 14 students per teacher. For investors, developers, and real estate agents, this downward trend indicates a strengthening educational system could enhance property values. For insurance agents and appraisers, the improving ratio may translate to more stable communities, thus impacting risk assessments favorably. Residents and prospective movers may find the decreasing student-to-teacher ratio appealing, as it often correlates with more individualized attention in educational settings.
