Roosevelt County Real Estate and Livability Trends
Roosevelt County, New Mexico has experienced a significant boost in average taxable income per tax return, rising from $31,702.75 in 2013 to $43,680.71 by 2021, which may suggest a growing economy and potential opportunities for investors and new residents. Despite median home values showing volatility, peaking at $128,100 in 2022, the broader trend indicates possible unique market dynamics... Read more
Roosevelt County Market Trends
Roosevelt County, New Mexico's median home values have shown volatile trends, peaking at $128,100 in 2022, unlike the consistent growth seen in state and national values. New Mexico's median home values climbed steadily to $216,000, while nationally values hit $179,400. These fluctuations could signal unique market dynamics. Residential energy tax credits per tax return have surged, from $300.00... Read more
Median Value of Occupied Housing Units in Roosevelt County, New Mexico Over the Last 8 Years
Median home values in Roosevelt County, New Mexico have shown significant fluctuations over the past eight years, peaking at $128,100 in 2022. This is a somewhat contrasting trend compared to both state and national figures, which exhibited more consistent upward trajectories. For instance, New Mexico's median values rose steadily to $216,000 in 2022, indicating stronger growth rates. Nationally, median home values surged to $179,400, highlighting a robust increase. This disparity could hint at unique market dynamics at play within Roosevelt County, potentially presenting varied opportunities and challenges for investors, homebuyers, and real estate developers.
Residential Energy Tax Credit Per Tax Return in Roosevelt County, NM Over the Last 8 Years
Roosevelt County, New Mexico has seen fluctuations in the average residential energy tax credit per tax return over the past eight years, spiking significantly in recent years. Starting at $300.00 in 2013, the credit saw notable increases, peaking at $1,500.00 in 2020. This upward trend suggests growing investments in energy-efficient home upgrades. These increases potentially signal favorable conditions for property investors, real estate agents, and homebuilders, pointing toward an enhanced focus on sustainability. This is valuable information for insurers and appraisers, indicating increased property values and future investment interest in the area.
Average Real Estate Taxes Per Tax Return in Roosevelt County, NM Over the Last 10 Years
In Roosevelt County, New Mexico, real estate taxes per tax return have shown a notable upward trend over the past decade, increasing from $1,150.60 in 2012 to $2,068.75 in 2021. The steady rise aligns with broader economic patterns and signals higher property valuations and potentially greater demand. For investors and real estate agents, this trend may reflect robust market conditions, suggesting strong future appreciation potential. For homeowners and insurance agents, the increasing property taxes may warrant consideration in long-term financial planning.
Percentage of Farm Returns in Roosevelt County, NM Over the Last 10 Years
Roosevelt County, New Mexico has seen a gradual decline in the percentage of farm tax returns over the past decade, starting from 6.92% in 2012 to 5.68% in 2021. This trend could hint at shifts in the agricultural economy or changes in farm viability and profitability. For those looking to invest, build property, or move to Roosevelt County, these figures might suggest evolving opportunities and challenges within the agricultural sector, potentially impacting land value and local economic dynamics.
Number of Mortgages by Occupancy Type in Roosevelt County, NM Over the Last 5 Years in Roosevelt County
Occupancy trends in Roosevelt County, New Mexico reveal an overwhelming preference for principal residences across the last five years, with counts spiking notably in 2021. This might indicate a strong demand for primary living spaces, potentially incentivizing a stable rental market and appealing to investors. Meanwhile, investment property mortgages have remained relatively stable, albeit lower in volume, perhaps suggesting steady but modest interest in income-generating properties. Second residences have consistently shown minimal activity, which could infer limited demand for vacation homes in the area. These fluctuations in occupancy types are crucial for investors, appraisers, and real estate professionals as they navigate market demands, determine property values, and assess risk profiles for insurance.
Economic Outlook
Roosevelt County, New Mexico has seen a steady rise in average taxable income per tax return, growing from $31,702.75 in 2013 to $43,680.71 by 2021, with a notable jump between 2016 and 2017. This uptick might indicate a stabilizing or expanding economy, potentially making it an attractive area for investors and new residents. While the average state and local income taxes per tax return peaked at $5,721.43 in 2020, they saw a slight decline to $4,600.00 in 2021, pointing to possible economic... Read more
Average Taxable Income per Tax Return in Roosevelt County, NM over the last 9 years
Over the past nine years, Roosevelt County, New Mexico has experienced a general upward trend in average taxable income per tax return, starting from $31,702.75 in 2013 and reaching $43,680.71 in 2021. Notably, there was a significant jump between 2016 and 2017, rising from $35,618.57 to $39,284.67, suggesting economic growth during that period. This consistent increase in average taxable income might suggest a more stable or expanding local economy, making Roosevelt County potentially attractive for investors, real estate agents, and those looking to move to or do business in the area.
Average State and Local Income Taxes Per Tax Return in Roosevelt County, NM Over the Last 10 Years
The average state and local income taxes per tax return in Roosevelt County, New Mexico, have shown a general upward trend over the past decade. Starting at around $3,242.68 in 2012, the average peaks at $5,721.43 in 2020 before a slight dip to $4,600.00 in 2021. This fluctuation suggests potential volatility in the economic conditions influencing tax policies and income levels. This trend could be an important consideration for investors, real estate agents, and new residents assessing the financial landscape of the area.
Average Total Tax Liability Per Tax Return in Roosevelt County, NM Over the Last 10 Years
Roosevelt County, New Mexico has seen a notable upward trend in the average total tax liability per tax return over the past decade, beginning at approximately $4,648.62 in 2012 and incrementally climbing to around $5,977.98 by 2021. There was a sharp increase in 2017, reaching $6,149.06, followed by some fluctuations but generally maintaining an elevated level compared to earlier years. This pattern could suggest the area's growing economic activity or changes in tax policies impacting residents. Understanding these trends may be significant for potential investors, real estate agents, and those interested in property development in the county.
Cost of Living in Roosevelt County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,134 | $1,436 | $2,438 | $1,451 | $1,355 |
| 1 adult 4 children | $1,134 | $1,172 | $1,886 | $1,451 | $1,411 |
| 2 adults 3 children | $1,134 | $1,173 | $2,104 | $1,451 | $1,085 |
| 1 adult 3 children | $1,134 | $958 | $1,553 | $1,451 | $1,139 |
| 2 adults 2 children | $860 | $960 | $1,770 | $1,273 | $895 |
| 1 adult 2 children | $860 | $717 | $1,219 | $1,273 | $834 |
| 2 adults 1 child | $860 | $759 | $1,436 | $696 | $799 |
| 1 adult 1 child | $860 | $490 | $885 | $696 | $649 |
| 2 adults | $653 | $610 | $1,103 | $0 | $587 |
| 1 adult | $629 | $332 | $551 | $0 | $516 |
Safety trends & Data
Roosevelt County, New Mexico has seen notable fluctuations in property crime over the past five years, with larceny-theft peaking at 61 incidents in 2022 compared to 21 in 2019. Vandalism remained a consistent issue, particularly in 2020 with 23 cases reported. Burglary incidents showed an uptick in 2022 with seven reported cases. These crime trends could influence property values, insurance premiums, and community safety perceptions, making it vital for potential investors and residents to... Read more
Property Crime Trends in Roosevelt County, NM Over the Last 5 Years
Roosevelt County, New Mexico has experienced notable fluctuations in property crime over the past five years. Larceny-theft emerged as the dominant issue, peaking significantly with 61 incidents in 2022, while previous years saw figures like 21 in 2019 and 24 in 2018. Vandalism also presented a consistent challenge, especially with 23 cases in 2020. Burglary incidents varied widely, showing an uptick in 2022 with seven reported cases. These trends could impact property values, insurance premiums, and overall community safety perceptions, making it essential for potential investors, real estate agents, and residents to monitor local crime data closely.
Demographics
Roosevelt County, New Mexico, displays a diverse demographic profile with a nearly equal distribution of males and females. The educational attainment statistics suggest a majority of residents have completed high school, while a relatively smaller portion have pursued higher education degrees. Age distribution skews towards younger age groups, indicating a potentially dynamic workforce in the future. Racially, the population is predominantly White, though there is a noticeable presence of... Read more
Race Distribution in Roosevelt County, New Mexico (2022)
Educational Attainment in Roosevelt County, New Mexico (2022)
Age Distribution in Roosevelt County, New Mexico
Citizen Population in Roosevelt County, New Mexico (2022)
Political Trends & Data
Roosevelt County in New Mexico showed a significant Republican preference in the 2020 U.S. Presidential Election, receiving nearly 70% of the vote. The Democrats captured about 25%, with minor parties collectively pulling in a small share. This strong conservative leaning could influence both local governance and future election outcomes, shaping policy and development trends in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Roosevelt County in New Mexico demonstrated a strong preference for the Republican party in the 2020 U.S. Presidential Election, with nearly 70 percent of the vote. The Democratic party garnered roughly a quarter of the votes, while the Libertarian, Green, and other parties combined made up a small fraction of the total. This distribution perhaps indicates a heavily conservative leaning in this county, potentially impacting future local and national elections.
70.13% of voters voted for the Republican party in the 2020 Presidential Election
27.27% of voters voted for the Democrat party in the 2020 Presidential Election
2.09% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Roosevelt County, New Mexico's student-to-teacher ratios have typically fluctuated between 11 and 13 students per teacher over the past decade, consistently under the national average of 14. This lower ratio might attract investors or families looking for more individualized attention in classrooms. It can also serve as a compelling selling point for real estate agents and signal to builders and developers that the community values education, potentially making it a desirable location for new... Read more
Student-to-teacher ratio in Roosevelt County, New Mexico over the last 10 years
Over the past decade, Roosevelt County, New Mexico has typically seen student-to-teacher ratios fluctuate between 11 and 13 students per teacher, consistently staying below the national average of 14. This lower student-to-teacher ratio might appeal to investors or families considering relocation due to the potential for more individualized attention in classrooms. Lower ratios could also be a strong selling point for real estate agents pitching homes to education-focused families, while builders and developers might see it as an indicator of a community that values education, making it a desirable place for new projects. For appraisers and insurance agents, understanding these trends might assist in evaluating the stability and attractiveness of the area, which can influence property values and insurance rates.
