Valencia County Real Estate and Livability Trends
Valencia County, New Mexico's real estate market reflects intriguing economic and social dynamics. Average taxable incomes have risen from $41,668.47 in 2013 to $54,058.00 in 2021, hinting at economic growth but also higher financial commitments due to increasing taxes. Meanwhile, median home values jumped from $131,900 in 2015 to $184,400 in 2022, suggesting significant property appreciation... Read more
Valencia County Market Trends
Valencia County, New Mexico, has seen median home values jump from $131,900 in 2015 to $184,400 in 2022, outpacing national growth. Residential energy tax credits skyrocketed, peaking at $3,626.92 in 2018, indicating increased investments in energy efficiency. Real estate taxes also climbed significantly, with figures rising from $1,938.00 in 2012 to $3,066.36 in 2021, suggesting changes in... Read more
Median Value of Occupied Housing Units in Valencia County, New Mexico Over the Last 8 Years
Valencia County, New Mexico, has experienced a substantial increase in median home values over the past eight years, rising from $131,900 in 2015 to $184,400 in 2022. This growth rate appears slightly more aggressive compared to the national median, which climbed from $125,500 to $179,400 in the same period. However, New Mexico as a whole saw an even sharper increase, from $160,300 to $216,000. These trends could signal potential investment opportunities, with Valencia County offering relatively affordable options compared to the state average while still reflecting significant appreciation similar to national trends.
Residential Energy Tax Credit Per Tax Return in Valencia County, NM Over the Last 9 Years
Valencia County, New Mexico shows a notable upward trend in residential energy tax credits per tax return over the past nine years. Starting with an average of around $875.86 in 2013, there is a spike in 2017 to $1935.29, peaking at $3626.92 in 2018, and gradually stabilizing around $2686.67 by 2021. This increase reflects a growing investment in energy-efficient home improvements, likely driven by heightened consumer awareness and possibly favorable policy incentives. Real estate agents, investors, appraisers, and insurance agents might find this trend important as it suggests that homeowners are placing a higher value on energy efficiency.
Average Real Estate Taxes Per Tax Return in Valencia County, NM Over the Last 10 Years
Over the last decade, Valencia County, New Mexico, has seen a notable upward trend in average real estate taxes per tax return. Starting from roughly $1,938.00 in 2012, the value escalated progressively, peaking at approximately $3,066.36 in 2021. Significant jumps occurred around 2017 and 2018, indicating possible changes in regional property valuations or tax policies. For anyone looking to invest, move, or operate in Valencia County, understanding these rising tax trends may impact financial planning and property appraisals. This could be particularly relevant for real estate agents, appraisers, or insurance agents eyeing this area.
Percentage of Farm Returns in Valencia County, NM Over the Last 10 Years
Farm tax returns in Valencia County, New Mexico have shown some fluctuations but generally hovered around 2.3% to 2.1% over the last decade. These returns, which indicate the portion of taxable income derived from farming activities, can offer insights into the local agricultural economy. For prospective investors and residents, understanding these trends might help gauge economic stability and growth potential in the agricultural sector. Notably, a slight dip observed in recent years could signal changes in farming activities or economic conditions impacting farmers in the region.
Number of Mortgages by Occupancy Type in Valencia County, NM Over the Last 5 Years in Valencia County
Valencia County saw notable shifts in mortgage counts across occupancy types from 2018 to 2022, with a significant rise in principal residence mortgages — peaking at 5,193 in 2021. Conversely, investment property and second residence mortgages remained relatively low, suggesting a stronger emphasis on primary home ownership. These trends are crucial for investors, builders, and real estate agents as they indicate a growing demand for primary living spaces, potentially inflating property values and impacting development strategies. Insurance agents and appraisers might also find these shifts relevant for risk assessment and property valuation. Changes in occupancy type matter because they reflect underlying socioeconomic trends and consumer preferences that can affect market stability, insurance rates, and long-term investment viability in the county.
Economic Outlook
Valencia County, New Mexico has experienced a steady rise in average taxable income per tax return, climbing from $41,668.47 in 2013 to $54,058.00 in 2021, indicating possible economic growth and stronger wages. This trend, coupled with increased state and local income taxes, suggests higher financial commitments for residents, which may impact property values and living costs. The average total tax liability has also grown from $5,534.12 in 2012 to $6,942.68 in 2021, pointing to potential... Read more
Average Taxable Income per Tax Return in Valencia County, NM over the last 9 years
Valencia County, New Mexico has seen a steady increase in average taxable income per tax return over the past nine years, rising from $41,668.47 in 2013 to $54,058.00 in 2021. This upward trend suggests a potentially stronger local economy and may indicate better job opportunities or wage growth. For investors and real estate agents, these numbers could be a sign of increased buying power among residents, making the area more attractive for both residential and commercial developments. Insurance agents and appraisers might also find this data useful in predicting policy values and property worth in the region.
Average State and Local Income Taxes Per Tax Return in Valencia County, NM Over the Last 10 Years
Over the past decade in Valencia County, New Mexico, one can observe a steady rise in average state and local income taxes per tax return. Starting at $3,216.34 in 2012, the amount has gradually increased to $6,331.86 by 2021. This trend suggests a growing financial obligation for residents, which might be intriguing for potential investors, property developers, and real estate agents looking to understand the evolving economic landscape and its potential impact on property values and living costs in the area.
Average Total Tax Liability Per Tax Return in Valencia County, NM Over the Last 10 Years
Valencia County, New Mexico has seen a consistent rise in average total tax liability per tax return over the last decade, highlighting gradual economic growth and potentially increased property values. From $5,534.12 in 2012 to $6,942.68 in 2021, these increments suggest a steady upward trajectory that might interest investors and homebuyers looking for stable appreciation. For appraisers and real estate agents, this trend could imply a favorable market for property valuation and sales. Insurance agents might also find this data useful for adjusting coverage premiums.
Cost of Living in Valencia County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,442 | $1,371 | $1,594 | $1,616 | $1,257 |
| 1 adult 4 children | $1,442 | $1,120 | $1,230 | $1,616 | $1,413 |
| 2 adults 3 children | $1,442 | $1,120 | $1,377 | $1,616 | $1,061 |
| 1 adult 3 children | $1,442 | $915 | $1,014 | $1,616 | $1,194 |
| 2 adults 2 children | $1,015 | $917 | $1,161 | $1,421 | $850 |
| 1 adult 2 children | $1,015 | $685 | $797 | $1,421 | $845 |
| 2 adults 1 child | $1,015 | $725 | $944 | $786 | $772 |
| 1 adult 1 child | $1,015 | $468 | $580 | $786 | $657 |
| 2 adults | $836 | $582 | $728 | $0 | $560 |
| 1 adult | $679 | $318 | $364 | $0 | $489 |
Safety trends & Data
Property crime trends in Valencia County, New Mexico, have shown noticeable fluctuations over the past five years. 2022 witnessed a concerning spike in vandalism incidents, rising to 77 from 67 in 2021, while burglary cases more than doubled to 73 from 37 the previous year. Larceny-theft remained the most prevalent crime, peaking at 182 incidents in 2018. Despite a decline in embezzlement and fraud towards 2022, these crime trends could potentially influence property valuations and insurance... Read more
Property Crime Trends in Valencia County, NM Over the Last 5 Years
Over the last five years, Valencia County, New Mexico, has shown fluctuating trends in property crimes. Notably, 2022 saw a concerning spike in vandalism with 77 incidents, up from 67 in 2021. Burglary also increased sharply to 73 cases in 2022 from 37 in 2021. Meanwhile, larceny-theft has largely remained the most prevalent crime, albeit with fluctuations, peaking at 182 incidents in 2018. Embezzlement and fraud saw a decline towards 2022. These trends could impact property valuations and insurance assessments, making it crucial for investors and residents to reconsider the security measures and property management strategies.
Demographics
Valencia County's adult population is nearly evenly split between males and females. Educational attainment reveals a high number of high school graduates but considerably fewer individuals pursuing higher education beyond a bachelor's degree. The age distribution shows a significant proportion of the population in the 25 to 34 and 55 to 64 age brackets, suggesting a workforce either early in their careers or approaching retirement age. The racial composition is predominantly White, followed by... Read more
Race Distribution in Valencia County, New Mexico (2022)
Educational Attainment in Valencia County, New Mexico (2022)
Age Distribution in Valencia County, New Mexico
Citizen Population in Valencia County, New Mexico (2022)
Political Trends & Data
Valencia County, New Mexico, saw a possible 54% tilt toward the Republican Party in the 2020 U.S. Presidential Election, while about 44% of voters leaned Democratic. This nearly even split suggests a competitive political climate, though minor parties like the Libertarian and Green parties attracted only minimal support, indicating a dominant two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Valencia County, New Mexico, a significant slice of the vote leaned Republican in the 2020 U.S. Presidential Election, with around 54% possibly casting their ballots for the GOP. The Democratic Party followed closely, capturing about 44% of the votes, suggesting a competitive political landscape. Minor parties like the Libertarian and Green parties garnered marginal support, hinting at a primarily two-party dominance with occasional alternative viewpoints.
53.80% of voters voted for the Republican party in the 2020 Presidential Election
44.19% of voters voted for the Democrat party in the 2020 Presidential Election
1.26% of voters voted for the Livertarian party in the 2020 Presidential Election
0.42% of voters voted for the Green party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Valencia County, New Mexico has experienced fluctuations in its student-to-teacher ratio over the past decade. From a high of 18 students per teacher in 2018, it dropped to nearly 16 in 2021 before increasing slightly. Despite these shifts, the ratio has consistently trended higher than the national average of 14 students per teacher. These changes could reflect adjustments in educational staffing or enrollment policies, potentially impacting classroom sizes, resource allocation, and overall... Read more
Student-to-teacher ratio in Valencia County, New Mexico over the last 10 years
Valencia County, New Mexico has exhibited notable shifts in its student-to-teacher ratio over the past decade. Starting from a high of 18 students per teacher in 2018, it has seen fluctuations, notably dropping to nearly 16 students per teacher in 2021 before slightly increasing again. Despite these changes, Valencia County's ratio has consistently trended above the national average of 14 students per teacher. This dynamic could signify ongoing adjustments in educational staffing or enrollment policies that may affect classroom sizes, resource allocation, and overall educational quality. For potential investors, real estate agents, and families, these fluctuations might signal varying implications for educational infrastructure and community growth.
