San Juan County Real Estate and Livability Trends
San Juan County, New Mexico, is showing some fascinating economic shifts that could impact real estate investments. Average taxable income per tax return rose from $49,597.61 in 2016 to $55,371.92 in 2021, with related state and local income taxes peaking at $8,566.07. Median home values hit $170,700 in 2022, remaining more affordable compared to state and national figures, signaling potential... Read more
San Juan County Market Trends
San Juan County's median home values jumped to $170,700 in 2022, still trailing New Mexico's $216,000 and the national $179,400. Although the area remains more affordable, this suggests potential for higher future returns if trends keep steady. Residential energy tax credits per return peaked in 2018 at $1,928.57 and in 2021 at $684.31, hinting at a rise in energy-efficient home improvements and... Read more
Median Value of Occupied Housing Units in San Juan County, New Mexico Over the Last 8 Years
San Juan County's median home values have seen some fluctuation but generally remained stable with a significant jump in 2022 to $170,700. Compared to New Mexico state averages, San Juan County has often lagged behind, with state values reaching $216,000 in 2022. Nationally, the trend has shown steadier growth, culminating in a median value of $179,400 in 2022. For potential investors or residents, San Juan County presents a more affordable entry point than statewide or national averages, indicating potential for higher future returns if trends continue.
Residential Energy Tax Credit Per Tax Return in San Juan County, NM Over the Last 9 Years
San Juan County, New Mexico, has seen noteworthy fluctuations in the average residential energy tax credit per tax return over the last nine years. Significant peaks occurred in 2018 and 2021, with credits reaching $1,928.57 and $684.31, respectively. The data suggests shifting energy incentives and perhaps greater adoption of energy-efficient home improvements. This trend is relevant for investors, builders, and real estate agents as it indicates a potential increase in energy-efficient property development and market demand. Moreover, insurance agents and appraisers might find these trends indicative of higher property values and lower risk factors associated with energy-efficient homes.
Average Real Estate Taxes Per Tax Return in San Juan County, NM Over the Last 10 Years
San Juan County, New Mexico has seen a notable upward trend in real estate taxes per tax return over the last decade, with figures starting at around $1,564.00 in 2012, then progressively rising to approximately $2,865.63 by 2021. This escalation might indicate growing property values or changes in tax policy, making it potentially relevant for investors, property developers, and real estate agents assessing market dynamics. The substantial increase between 2017 and 2018, jumping to $2,577.93 from $2,022.50, stands out and could also be an area worth investigating for those in appraisal and insurance sectors.
Percentage of Farm Returns in San Juan County, NM Over the Last 10 Years
Farm tax returns in San Juan County, New Mexico, have shown modest fluctuations over the past decade, ranging between 1.54% and 1.78%. This metric, representing the percentage of tax returns filed by farms, can provide insight into the agricultural activity and economic stability of the area. While there has been a minor increase from 2013 (1.54%) to 2021 (1.70%), those interested in investing in, moving to, or developing property in San Juan County might view this relatively stable trend as indicative of a steady rural economic base, which could play into long-term planning and community sustainability.
Number of Mortgages by Occupancy Type in San Juan County, NM Over the Last 5 Years in San Juan County
In San Juan County, New Mexico, over the past five years, the number of mortgages for principal residences has consistently outpaced those for investment and second residences. There was a sharp spike in principal residence mortgages in 2021, followed by a notable dip in 2022. Investment property mortgages peaked in 2021 but saw a slight decline in 2022. The figures for second residences remained relatively low throughout the period. Variations in occupancy type are significant for investors, real estate agents, and appraisers as they reflect shifting market conditions, impacting property values, rental demand, and risk assessments for insurance. Notably, the recent decrease in principal residence mortgages could signal a cooling housing market or changing economic conditions, which is crucial information for those looking to invest in or move to the area.
Economic Outlook
San Juan County, New Mexico, has seen significant fluctuations in average taxable income per tax return from $49,597.61 in 2016 to $55,371.92 in 2021, indicating economic shifts that may affect investment decisions. Average state and local income taxes also varied, peaking at approximately $8,566.07 in 2021, which might reflect changing economic dynamics or policy changes. The average total tax liability per tax return ranged from about $7,320.00 in 2020 to $8,976.62 in 2014, suggesting... Read more
Average Taxable Income per Tax Return in San Juan County, NM over the last 9 years
San Juan County, New Mexico, has seen notable fluctuations in average taxable income per tax return over the past nine years. The averages have ranged from a low of $49,597.61 in 2016 to a high of $55,371.92 in 2021. This variability highlights economic shifts within the county that could impact investment decisions, real estate valuations, and insurance premiums. While there has been an overall upward trend since 2016, potential investors and homeowners should be aware of this volatility when considering long-term financial commitments in the area.
Average State and Local Income Taxes Per Tax Return in San Juan County, NM Over the Last 10 Years
San Juan County, New Mexico has experienced noticeable fluctuations in average state and local income taxes per tax return over the last decade. Starting from around $4,922.58 in 2012, there's a rising trend peaking significantly in 2021 at about $8,566.07. The most notable spikes occurred from 2017 to 2021, which implies economic dynamics or policy changes impacting taxpayers’ burdens. For those looking to invest in, move to, or providing services in the area, understanding these tax trends is critical as they could affect financial planning, property values, and overall cost of living in this region.
Average Total Tax Liability Per Tax Return in San Juan County, NM Over the Last 10 Years
San Juan County, New Mexico has seen noticeable fluctuations in the average total tax liability per tax return over the past decade, with a high of approximately $8,976.62 in 2014 and a low of around $7,320.00 in 2020. The recent trend shows a slight rebound post-2020, potentially indicating economic recovery or changes in tax policy. This variability might matter for those considering investments or property development here, as it reflects shifting economic conditions that could influence financial planning, real estate valuations, and insurance assessments.
Cost of Living in San Juan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,277 | $1,424 | $2,452 | $1,503 | $1,462 |
| 1 adult 4 children | $1,277 | $1,163 | $1,893 | $1,503 | $1,560 |
| 2 adults 3 children | $1,277 | $1,163 | $2,119 | $1,503 | $1,213 |
| 1 adult 3 children | $1,277 | $949 | $1,560 | $1,503 | $1,290 |
| 2 adults 2 children | $909 | $952 | $1,785 | $1,321 | $955 |
| 1 adult 2 children | $909 | $711 | $1,226 | $1,321 | $917 |
| 2 adults 1 child | $909 | $752 | $1,452 | $731 | $855 |
| 1 adult 1 child | $909 | $486 | $893 | $731 | $688 |
| 2 adults | $769 | $604 | $1,118 | $0 | $642 |
| 1 adult | $756 | $330 | $559 | $0 | $567 |
Safety trends & Data
Property crime in San Juan County, New Mexico, exhibits intriguing trends over the past five years. Larceny-theft peaked at 485 instances in 2019 before gradually falling to 343 by 2022. Burglary arrests have also decreased from 83 in 2018 to 44 in 2022. Vandalism saw a notable surge to 161 arrests in 2021, then dipped slightly to 109 in 2022. Motor vehicle theft is notably low, dropping to just 10 cases in 2022. These trends could be valuable for real estate investors, insurance agents, and... Read more
Property Crime Trends in San Juan County, NM Over the Last 5 Years
Property crime in San Juan County, New Mexico, has seen some fluctuating trends over the past five years. Larceny-theft consistently tops the chart, peaking at 485 instances in 2019 before a gradual decline to 343 by 2022. Burglary arrests have trended downwards, from 83 in 2018 to just 44 in 2022. Interestingly, vandalism surged significantly in 2021 with 161 arrests but slightly decreased to 109 in 2022. Motor vehicle theft has remained relatively low and stable, with a notable drop to just 10 cases in 2022. Real estate investors, insurance agents, and potential residents might find these trends useful for assessing the safety and viability of the region.
Demographics
San Juan County, New Mexico has an almost even split between male and female adults. The area seems to have a lower concentration of higher educational attainment, with most adults not advancing beyond some college or a high school diploma. The age distribution is varied, though there appears to be a significant younger demographic alongside a substantial portion over 55. Racial diversity is marked by a large representation of American Indian and Alaska Native populations, with White... Read more
Race Distribution in San Juan County, New Mexico (2022)
Educational Attainment in San Juan County, New Mexico (2022)
Age Distribution in San Juan County, New Mexico
Citizen Population in San Juan County, New Mexico (2022)
Political Trends & Data
San Juan County's real estate market might be subtly influenced by its political landscape, with the 2020 U.S. Presidential Election showing around 62.9% Republican support and 34.6% Democratic. Less than 2% went to minor parties like Libertarian and Green. This prominent Republican presence, amid some bipartisan engagement, could hint at specific trends in property demand or development driven by conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
San Juan County in New Mexico exhibited a notable trend in the 2020 U.S. Presidential Election where a significant portion of the votes leaned Republican at approximately 62.9%. Democratic votes followed at around 34.6%, potentially reflecting a strong two-party dynamic. Minor parties, including Libertarian and Green, garnered minimal support, each receiving less than 2% of the vote. This distribution suggests a predominant Republican presence while indicating some level of bipartisan engagement.
62.86% of voters voted for the Republican party in the 2020 Presidential Election
34.58% of voters voted for the Democrat party in the 2020 Presidential Election
1.58% 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
0.50% of voters voted for the Other party in the 2020 Presidential Election
School Data
San Juan County, New Mexico, has experienced a steady decline in student-to-teacher ratios over the past decade, dropping from about seventeen students per teacher in 2014 to just under fifteen in 2023. Though still slightly above the national average, this trend could appeal to families and investors, signaling improved education quality and potentially enhancing property values. Real estate agents may use this as a selling point, while insurance agents might see it as a marker of a stable,... Read more
Student-to-teacher ratio in San Juan County, New Mexico over the last 10 years
Over the past decade, San Juan County in New Mexico has seen a steady decrease in the student-to-teacher ratio, moving from around seventeen students per teacher in 2014 to just under fifteen in 2023. While still slightly above the current national average of fourteen students per teacher, this downward trend might appeal to families and educators prioritizing more personalized attention in classrooms. For investors or homeowners, lower student-to-teacher ratios could indicate improving local education quality, positively affecting property values and community desirability. Real estate agents and appraisers might see this as a valuable selling point, while insurance agents can consider it an indicator of a potentially stable and flourishing community.
