Sierra County Real Estate and Livability Trends
In Sierra County, New Mexico, real estate trends show a hike in median home values from $98,800 in 2015 to $138,400 in 2022, though still trailing state and national averages. Rising residential energy tax credits hint at a growing interest in energy-efficient homes, potentially attracting eco-conscious buyers. Real estate taxes peaked at $2,870.00 in 2020 before a slight decrease, possibly due... Read more
Sierra County Market Trends
Median home values in Sierra County, New Mexico have climbed from $98,800 in 2015 to $138,400 in 2022, still below the state ($216,000) and national ($179,400) averages. The rise in residential energy tax credits from $483.33 in 2013 to $2,675.00 in 2021 suggests a growing focus on energy-efficient homes, which could appeal to eco-conscious buyers. Real estate taxes peaked at $2,870.00 in 2020... Read more
Median Value of Occupied Housing Units in Sierra County, New Mexico Over the Last 8 Years
Median home values in Sierra County, New Mexico have shown an upward trend over the last eight years, climbing from $98,800 in 2015 to $138,400 in 2022. This growth, though impressive, still lags behind the state's average, with New Mexico's median home value reaching $216,000 in 2022. On a national level, Sierra County's homes are also more affordable, as the U.S. median value hit $179,400 in the same year. This disparity may make Sierra County an attractive option for potential buyers looking for more affordable housing without sacrificing value appreciation.
Residential Energy Tax Credit Per Tax Return in Sierra County, NM Over the Last 8 Years
Sierra County, New Mexico has seen a notable upward trend in average residential energy tax credits per tax return over the past eight years, starting at $483.33 in 2013 and rising to $2,675.00 in 2021. The jump in energy tax credits may reflect growing investments in renewable energy installations or improvements in energy-efficient home systems. This trend could be appealing to homebuyers and investors prioritizing energy-efficient properties, and it may also influence appraisal values and insurance premiums. For real estate agents and builders, highlighting energy efficiency could become a key selling point in this market.
Average Real Estate Taxes Per Tax Return in Sierra County, NM Over the Last 10 Years
Sierra County, New Mexico has seen a fluctuating trend in average real estate taxes per tax return over the past decade, peaking at $2,870.00 in 2020 before slightly decreasing to $2,625.00 in 2021. This volatility may suggest shifts in property values or changes in local tax policy, which could impact future property investment decisions. Notably, the significant jump from $1,912.77 in 2017 to $2,526.67 in 2018 points to a period of substantial property market change or tax reassessment. These patterns could be crucial for real estate investors, property developers, and insurance agents when evaluating the financial landscape of the county.
Percentage of Farm Returns in Sierra County, NM Over the Last 10 Years
Farm returns in Sierra County, New Mexico show a gradual fluctuation over the last decade, ranging from 3.21% in 2020 to a peak of 4.16% in 2018 and 2015. These trends may indicate variables affecting farm productivity or profitability, such as market conditions, weather patterns, or local agricultural policies. For those considering investment or property development in the area, understanding these trends could be crucial in assessing the stability and potential profitability of agricultural ventures in Sierra County.
Number of Mortgages by Occupancy Type in Sierra County, NM Over the Last 5 Years in Sierra County
Over the last 5 years, Sierra County, New Mexico has seen fluctuating numbers in mortgage counts for different occupancy types. Principal residences consistently dominate, while investments and second homes show more variability. For investors and real estate agents, understanding these trends could help identify market stability and potential opportunities. Appraisers and insurance agents might need to consider how shifts in principal residences versus investment properties impact property values and risk. For potential residents, a higher prevalence of primary homes might hint at a more tight-knit community, while second residences can suggest vacation or seasonal living trends. Understanding the breakdown of these occupancy types is crucial for anyone involved in the local real estate market, providing insights into market demands and community dynamics.
Economic Outlook
Sierra County, New Mexico has seen a steady rise in average taxable income per tax return over the past nine years, from around $30,595.87 in 2013 to approximately $43,117.84 in 2021. This could indicate economic growth and improving financial health. Alongside this, average state and local income taxes have increased significantly, from $3,268.89 in 2013 to $7,818.18 in 2021, suggesting higher financial obligations and potential future local funding and infrastructure improvements. Meanwhile,... Read more
Average Taxable Income per Tax Return in Sierra County, NM over the last 9 years
Sierra County, New Mexico has seen a generally upward trend in the average taxable income per tax return over the past nine years, rising from around $30,595.87 in 2013 to approximately $43,117.84 in 2021. This gradual increase highlights potential economic growth and could be an indicator of improving financial health in the area. Such trends are valuable for investors, real estate agents, and appraisers to assess property values, risk levels, and investment opportunities. Additionally, those considering moving to or building in Sierra County might find this economic outlook favorable.
Average State and Local Income Taxes Per Tax Return in Sierra County, NM Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Sierra County, New Mexico have shown a generally rising trend with notable fluctuations. From a low of $3,268.89 in 2013, taxes increased substantially, reaching $7,818.18 in 2021. This rise suggests growing financial obligations for residents, which could impact their disposable income. For potential investors, this trend could signal potential future increases in local funding and infrastructure improvements. However, it also raises considerations for affordability for new residents and implications for property values.
Average Total Tax Liability Per Tax Return in Sierra County, NM Over the Last 10 Years
The average total tax liability per tax return in Sierra County, New Mexico has generally increased over the last decade. From $4,192.16 in 2012 to $6,484.38 in 2021, tax liabilities have shown an upward trend, with noticeable spikes, particularly in 2014, 2016, and a significant rise in 2020. These trends might suggest a growing economic base or changes in the local tax policies, having implications for potential investors, real estate agents, and those considering relocating to or conducting business in the area. Understanding these shifts can be crucial for appraisers and insurance agents when assessing property values and risks.
Cost of Living in Sierra County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,130 | $1,464 | $2,438 | $1,421 | $1,340 |
| 1 adult 4 children | $1,130 | $1,195 | $1,886 | $1,421 | $1,391 |
| 2 adults 3 children | $1,130 | $1,196 | $2,104 | $1,421 | $1,066 |
| 1 adult 3 children | $1,130 | $976 | $1,553 | $1,421 | $1,112 |
| 2 adults 2 children | $795 | $979 | $1,770 | $1,247 | $855 |
| 1 adult 2 children | $795 | $731 | $1,219 | $1,247 | $775 |
| 2 adults 1 child | $795 | $774 | $1,436 | $682 | $758 |
| 1 adult 1 child | $795 | $500 | $885 | $682 | $601 |
| 2 adults | $604 | $622 | $1,103 | $0 | $551 |
| 1 adult | $532 | $339 | $551 | $0 | $455 |
Safety trends & Data
Property crime trends in Sierra County, New Mexico, indicate a volatile pattern over the past five years. Larceny-theft peaked at 24.0 arrests in 2020 but fell dramatically to just 3.0 in 2022, while burglary spiked at 10.0 in 2021 and then declined. Vandalism cases have been trending upward, with a significant rise from 1.0 in 2020 to 8.0 in 2022. Sporadic incidents of arson, embezzlement, and fraud also dot the landscape. These shifts are crucial for prospective investors, residents, and real... Read more
Property Crime Trends in Sierra County, NM Over the Last 5 Years
Over the last five years, property crime trends in Sierra County, New Mexico, show fluctuating levels of arrests across various crimes. Larceny-theft saw significant peaks and troughs, reaching a high of 24.0 arrests in 2020 but dropping to just 3.0 in 2022. Burglary arrests varied but spiked at 10.0 in 2021 before decreasing again. Vandalism cases rose sharply from 1.0 in 2020 to 8.0 in 2022. Lesser-reported crimes like arson, embezzlement, and fraud appear more sporadically. These trends suggest a shifting landscape in property crimes, vital for prospective investors, residents, and real estate professionals to monitor.
Demographics
Sierra County, New Mexico, sees a fairly balanced gender ratio with a slight male majority. Educational attainment shows the most common achievement as a high school diploma, while a smaller fraction hold bachelor’s or graduate degrees. The age distribution leans towards an older population, with a significant proportion aged 65 and above. Racial data indicates a predominantly White population with minor representation from other racial and ethnic backgrounds, notably lower figures for... Read more
Race Distribution in Sierra County, New Mexico (2022)
Educational Attainment in Sierra County, New Mexico (2022)
Age Distribution in Sierra County, New Mexico
Citizen Population in Sierra County, New Mexico (2022)
Political Trends & Data
Sierra County, New Mexico, tends to lean heavily conservative, as evidenced by Republicans potentially capturing around 60% of the 2020 U.S. Presidential Election votes. In contrast, Democrats might have received about 38%, with Libertarians and the Green Party each hovering just above 1%. This political landscape hints at a strong Republican influence, with relatively limited support for alternative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sierra County, New Mexico, the 2020 U.S. Presidential Election results likely exhibited a dominant Republican preference, capturing around 60% of the votes. Democrats trailed at approximately 38%, while Libertarians and the Green Party each garnered just over 1%. These voting patterns suggest a predominant conservative lean in this New Mexico county, with minor alternative party support.
59.58% of voters voted for the Republican party in the 2020 Presidential Election
38.10% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.61% of voters voted for the Green party in the 2020 Presidential Election
0.61% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sierra County, New Mexico has maintained a student-to-teacher ratio hovering around 14 to 15 over the past decade, aligning closely with the national average of 14 students per teacher. For potential investors and residents, this consistency suggests stable educational resources, which can be a significant factor in real estate decisions. Although there are slight fluctuations, they might reflect varying school funding or population shifts, offering insights for appraisers and agents into local... Read more
Student-to-teacher ratio in Sierra County, New Mexico over the last 10 years
Over the past decade, the student-to-teacher ratio in Sierra County, New Mexico has shown some fluctuations but has generally stayed around the 14 to 15 range, which is fairly close to the national average of 14 students per teacher. Investors and new residents might find this consistency appealing as it suggests stable educational resources. For real estate agents and appraisers, the slight variability might indicate occasional shifts in school funding or population changes affecting classroom sizes. This relatively balanced ratio could be an attractive feature for families considering moving to Sierra County, highlighting a commitment to manageable classroom sizes that can enhance students' learning experiences.
