Colorado County Real Estate and Livability Trends
In Colorado County, Texas, median home values have risen from $109,800 in 2015 to $172,900 in 2022, despite staying below state and national averages. Average taxable income has seen a steady increase from $57,639.89 in 2016 to $83,683.05 by 2021, suggesting economic recovery and growth. Real estate taxes have climbed notably, reflecting rising property values. Residential energy tax credits... Read more
Colorado County Market Trends
Median home values in Colorado County, Texas have fluctuated over the last eight years, rising from $109,800 in 2015 to $172,900 in 2022, while remaining below state and national averages. Residential energy tax credits in the county have surged, growing from an average of $350.00 in 2013 to $2,200.00 in 2021, hinting at strong local investment in energy efficiencies. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Colorado County, Texas Over the Last 8 Years
Median home values in Colorado County, Texas have seen significant fluctuations over the last eight years, rising from $109,800 in 2015 to $172,900 in 2022. This increase is modest compared to Texas overall, where median values surged from $136,000 to $238,000 in the same period. Nationally, the median home value climbed from $125,500 to $179,400, placing Colorado County below both state and national averages. For investors and homebuyers, this could suggest more affordable opportunities in Colorado County relative to other parts of Texas and the broader U.S. market.
Residential Energy Tax Credit Per Tax Return in Colorado County, TX Over the Last 9 Years
Residential energy tax credits in Colorado County, Texas have risen substantially over the past nine years, moving from an average of $350.00 in 2013 to an impressive $2,200.00 in 2021. This dramatic increase suggests a strong local emphasis on energy efficiency improvements and possibly higher-than-average state incentives. For potential investors, homeowners, and builders, this could signal a lucrative opportunity to engage in eco-friendly upgrades or new projects that could benefit from such tax credits. Real estate agents and appraisers might find that homes with updated energy-efficient systems could be more attractive and appraise higher, while insurance agents could see this as an indicator of decreasing risks related to outdated energy systems.
Average Real Estate Taxes Per Tax Return in Colorado County, TX Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Colorado County, Texas have shown a considerable upward trajectory. Starting at approximately $4,272.59 in 2012, these taxes saw a steady rise with some fluctuations, reaching a peak around $7,485.00 in 2020. This trend could be indicative of a rising property valuation in the area, suggesting potential for property value appreciation for investors and current homeowners. However, higher taxes might also mean increased costs for residents and potential buyers to consider. It might be crucial for real estate agents, appraisers, and insurance agents to take these trends into account when advising clients about opportunities in the region.
Percentage of Farm Returns in Colorado County, TX Over the Last 10 Years
The farm tax returns in Colorado County, Texas have shown slight fluctuations over the past decade. Beginning at approximately 13.24% in 2012, there's been a minor decline to about 12.25% in 2020, with minor peaks and troughs in between. Understanding these trends could provide valuable insights for those considering agricultural investments or property development in the area, as a higher percentage of tax returns from farms might hint at strong agricultural activity within the county.
Number of Mortgages by Occupancy Type in Colorado County, TX Over the Last 5 Years in Colorado County
Over the past five years in Colorado County, Texas, there has been a fluctuating trend in the number of mortgages by occupancy type. Principal residences consistently dominate the mortgage counts, peaking in 2021 with 780, but showing a decrease to 603 in 2022. Investment properties have seen a slight increase over time from 11 in 2018 to 27 in 2022. Second residences have remained relatively stable, with minor annual variations. For investors and potential homeowners, these shifts might imply evolving market preferences and economic conditions. Appraisers and insurance agents should note the potential impact on property valuations and risk assessments due to changing demand in principal versus investment property mortgages. Real estate agents can leverage this data to better understand client needs and market dynamics.
Economic Outlook
Colorado County, Texas has seen interesting trends in average taxable income per tax return over the past nine years. After peaking at $66,761.85 in 2014, incomes dipped to $57,639.89 in 2016 but then steadily rose to $83,683.05 by 2021. State and local income taxes also fluctuated, hitting lows of $3,850.00 in 2016 and peaking at $11,300.00 in 2014, reflecting potential economic shifts and policy changes. Additionally, the average total tax liability per tax return increased notably from... Read more
Average Taxable Income per Tax Return in Colorado County, TX over the last 9 years
Over the past nine years, Colorado County, Texas has seen notable fluctuations in average taxable income per tax return. After a significant peak in 2014 at $66,761.85, the average income experienced some dips, hitting lows around $57,639.89 in 2016. However, a steady upward trend began post-2017, culminating in a striking increase to $83,683.05 by 2021. This could indicate growing economic opportunities and rising affluence in the area, making it an appealing location for potential investors and new residents.
Average State and Local Income Taxes Per Tax Return in Colorado County, TX Over the Last 9 Years
Over the past nine years, Colorado County, Texas has shown a notable fluctuation in average state and local income taxes per tax return, ranging from $3,850.00 in 2016 to a peak of $11,300.00 in 2014. Such variability could reflect changes in local economic conditions, tax policy adjustments, or shifts in the income levels of residents. This data might be particularly relevant for potential investors and real estate agents, as these tax trends could influence the financial attractiveness of moving to or investing in the area. Additionally, it would be prudent for appraisers and insurance agents to take these figures into account when assessing property values and risk profiles.
Average Total Tax Liability Per Tax Return in Colorado County, TX Over the Last 10 Years
The average total tax liability per tax return in Colorado County, Texas has seen notable fluctuations over the last decade. From $9,189.70 in 2012, there was a significant increase reaching $13,476.97 by 2014. Despite some dips and modest rises, 2021 marked a particularly high increase to $15,724.47. This variability might suggest economic shifts or changes in county tax regulations that could be relevant for potential investors, property developers, and real estate agents in understanding the county's fiscal landscape.
Cost of Living in Colorado County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,115 | $1,231 | $1,828 | $1,506 | $851 |
| 1 adult 4 children | $1,115 | $1,005 | $1,398 | $1,506 | $962 |
| 2 adults 3 children | $1,115 | $1,005 | $1,586 | $1,506 | $691 |
| 1 adult 3 children | $1,115 | $821 | $1,156 | $1,506 | $765 |
| 2 adults 2 children | $891 | $823 | $1,344 | $1,316 | $629 |
| 1 adult 2 children | $891 | $615 | $914 | $1,316 | $580 |
| 2 adults 1 child | $891 | $650 | $1,102 | $696 | $588 |
| 1 adult 1 child | $891 | $420 | $672 | $696 | $500 |
| 2 adults | $677 | $522 | $860 | $0 | $490 |
| 1 adult | $672 | $285 | $430 | $0 | $445 |
Safety trends & Data
Property crime trends in Colorado County, Texas over the last five years reflect a dynamic landscape. Larceny-theft remains consistently high, peaking at 23.0 in 2020, suggesting possible hotspots for shoplifting and minor thefts. Burglary rates reached 15.0 occurrences in 2022, up significantly from just 3.0 in 2020, pointing to a potential rise in residential or commercial break-ins. Vandalism spiked to 9.0 incidents in 2020, indicating periods of increased property damage, while arson was... Read more
Property Crime Trends in Colorado County, TX Over the Last 5 Years
Property crime trends in Colorado County, Texas over the last five years show a fluctuating landscape. Instances of larceny-theft consistently remain the highest, peaking at 23.0 in 2020, indicating potential hotspots for shoplifting and minor thefts. Burglary rates saw their highest in 2022 with 15.0 occurrences, a substantial rise compared to just 3.0 in 2020, suggesting a potential increase in residential or commercial break-ins. Notably, embezzlement appears insignificant, occurring only once in 2018. Conversely, vandalism ranged drastically, spiking to 9.0 incidents in 2020, pointing to periods of increased property damage. The introduction of arson in 2022 marks a new concern, albeit minimal with one reported case. This data is crucial for investors, homebuyers, insurance agents, and real estate professionals as it highlights both potential risks and the necessity for targeted security measures in the region.
Demographics
In Colorado County, Texas, adult demographic data shows a fairly balanced gender distribution, and a notable portion holds at least a high school diploma or equivalent. The age distribution underscores a significant portion of the population nearing or over 65, indicating potential impacts on healthcare services and community support structures. Racially, the county remains predominantly White, though there is a considerable "Some other race" category, highlighting growing... Read more
Race Distribution in Colorado County, Texas (2022)
Educational Attainment in Colorado County, Texas (2022)
Age Distribution in Colorado County, Texas
Citizen Population in Colorado County, Texas (2022)
Political Trends & Data
In Colorado County, Texas, the 2020 U.S. Presidential Election revealed a solid lean toward Republican candidates, who secured around 75% of the vote. This suggests strong Republican ties, with Democratic candidates capturing just 24% and minor party candidates, such as Libertarians and Greens, gathering less than 1%. The limited support for third-party options highlights a tendency toward traditional party lines in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Colorado County, Texas, Republican candidates appear to have garnered significant support with approximately 75% of the vote in the 2020 U.S. Presidential Election. Democratic candidates show comparably less influence, securing around 24%. Minor party candidates, including Libertarians and Green Party members, collectively received less than 1% of the total vote, suggesting a limited but present interest in alternative political options. These figures might indicate strong Republican ties in this region, with a relatively stable distribution of votes among the major parties and minimal sway from third-party candidates.
74.91% of voters voted for the Republican party in the 2020 Presidential Election
24.26% of voters voted for the Democrat party in the 2020 Presidential Election
0.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Colorado County, Texas, has seen notable fluctuations, peaking at twenty-five in 2015 but generally staying between eleven and thirteen, often below the national average of fourteen. This trend suggests potential for more individualized classroom attention, potentially making the area more attractive to families and influencing property values favorably. Investors in education-focused properties and local appraisers may find these metrics significant, given their... Read more
Student-to-teacher ratio in Colorado County, Texas over the last 10 years
The student-to-teacher ratio in Colorado County, Texas has fluctuated significantly over the last decade, notably peaking at twenty-five in 2015, while generally maintaining a range between eleven and thirteen in other years. Compared to the national average of fourteen students per teacher, Colorado County often has fewer students per teacher, potentially implying more individualized attention in classrooms. Such changes might influence parents considering relocation, investors in education-focused properties, and appraisers assessing school district quality. Lower ratios may also affect property values positively or make the area more appealing to families. Real estate agents and insurance agents could see corresponding impacts based on these educational metrics.
