Beaver County Real Estate and Livability Trends
Beaver County, Utah's real estate market shows promising investment potential, driven by rising average taxable incomes and increased state and local income taxes, reflecting an improved economy and higher property values. The median home value jumped sharply, hitting $248,200 in 2022, yet remains below Utah's average, offering cost-effective entry. Real estate taxes have also increased,... Read more
Beaver County Market Trends
In Beaver County, Utah, the median value of occupied housing units has experienced a sharp rise since 2018, peaking at $248,200 in 2022, notably outpacing national figures. Despite this increase, Beaver County's median home value remains lower than the Utah state average of $408,500, creating opportunities for cost-effective entry into the state’s housing market. Additionally, residential... Read more
Median Value of Occupied Housing Units in Beaver County, Utah Over the Last 8 Years
The median value of occupied housing units in Beaver County, Utah has shown a consistent upward trend over the last eight years, with sharp increases particularly noticeable after 2018, peaking at $248,200 in 2022. This surge significantly outpaces national figures, where median home values climbed more moderately to $179,400 in the same year. Despite this growth, Beaver County's real estate market remains more affordable compared to the Utah state average, which reached $408,500 in 2022. For those looking to invest, move, or build property in Beaver County, this gap presents a compelling opportunity for cost-effective entry into Utah's escalating housing market.
Residential Energy Tax Credit Per Tax Return in Beaver County, UT Over the Last 7 Years
Over the past seven years, Beaver County, Utah has seen substantial fluctuations in residential energy tax credits per tax return, with notable peaks at $1,350.00 in 2016 and an impressive $4,800.00 in 2017. Intriguingly, the figures remained consistent at $1,550.00 for both 2020 and 2021. This variability might suggest evolving energy policies or significant investments in energy-efficient home improvements. It's an interesting point for prospective homeowners, real estate agents, and investors considering the potential incentives for energy-saving upgrades in the area, and it might influence local property valuations and affordability calculations.
Average Real Estate Taxes Per Tax Return in Beaver County, UT Over the Last 10 Years
In Beaver County, Utah, real estate taxes per tax return have shown a noticeable increase over the past decade. Rising from $1,173.77 in 2012 to a peak of $2,285.71 in 2020, these fluctuations suggest a growing demand and possibly increased property values. The significant jump around 2018–2020, followed by a slight dip in 2021 to $1,792.86, could point to economic factors or policy changes impacting local real estate taxation. This trend might be critical for investors and property developers when evaluating their potential return on investment or for insurers and appraisers assessing property values and risks.
Percentage of Farm Returns in Beaver County, UT Over the Last 10 Years
Farm tax returns in Beaver County, Utah have seen some fluctuations over the last decade, but they are largely stable around the 9.0% to 10.0% mark. The highest rate was in 2013 at 10.00%, while the lowest was in 2020 at approximately 8.23%. This metric might interest potential investors and residents as it signifies a consistent agricultural presence, which can impact local economic stability and land use trends. Moderate variations in farm returns suggest a resilient agricultural sector that continues to be a significant part of the local economy.
Number of Mortgages by Occupancy Type in Beaver County, UT Over the Last 5 Years in Beaver County
Over the past five years in Beaver County, Utah, principal residences have consistently dominated the mortgage landscape, peaking in 2020 with 603. Investment properties and second residences have shown much lower and more variable numbers within the range of 9 to 50. These shifts in occupancy types could hint at changing local economic conditions, lifestyle preferences, and housing market dynamics. For instance, a significant uptick or downturn in principal residence mortgages can inform real estate agents, investors, and builders about potential population growth or decline. Meanwhile, fluctuating numbers in investment property mortgages could indicate varying investor confidence, thereby affecting property valuation and insurance assessments.
Economic Outlook
Beaver County, Utah has experienced a steady increase in average taxable income per tax return, growing from approximately $44,886.54 in 2013 to around $57,776.88 in 2021. This trend points to a strengthening local economy, potentially making the county an attractive target for real estate investors. Additionally, state and local income taxes per tax return have risen considerably, from about $4,025.86 in 2012 to roughly $8,750.00 in 2021, indicating factors like rising property values and... Read more
Average Taxable Income per Tax Return in Beaver County, UT over the last 9 years
Over the past nine years, Beaver County, Utah has seen a consistent increase in average taxable income per tax return, climbing from approximately $44,886.54 in 2013 to around $57,776.88 in 2021. This upward trajectory could suggest a strengthening local economy and potential for economic growth. Investors and real estate agents might find this trend encouraging, indicating a potentially lucrative market. For insurance agents and appraisers, understanding these income adjustments could also be crucial for accurate risk assessment and property valuations.
Average State and Local Income Taxes Per Tax Return in Beaver County, UT Over the Last 10 Years
Beaver County, Utah has seen a noticeable increase in average state and local income taxes per tax return over the last decade, growing from approximately $4,025.86 in 2012 to around $8,750.00 in 2021. This steady rise reflects broader economic trends and may indicate increasing property values, wages, or changes in tax policies. The significant jump, especially post-2017 where figures sharply rose from $4,893.22 to over $8,750.00 by 2021, might suggest impactful legislative changes or economic growth drivers that could be of interest to investors and appraisers considering the region's economic health.
Average Total Tax Liability Per Tax Return in Beaver County, UT Over the Last 10 Years
Over the last decade, Beaver County, Utah has experienced notable fluctuations in average total tax liability per tax return. Starting at $4,688.70 in 2012, it showed a general upward trend, peaking at $7,208.87 in 2021. These changes may reflect varying economic conditions, tax policy adjustments, and demographic shifts within the county. For investors, real estate agents, and potential residents, this information might suggest evolving economic stability and potential impacts on disposable income and property markets.
Cost of Living in Beaver County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,123 | $1,395 | $2,063 | $1,467 | $1,426 |
| 1 adult 4 children | $1,123 | $1,140 | $1,574 | $1,467 | $1,545 |
| 2 adults 3 children | $1,123 | $1,140 | $1,792 | $1,467 | $1,180 |
| 1 adult 3 children | $1,123 | $931 | $1,303 | $1,467 | $1,277 |
| 2 adults 2 children | $826 | $933 | $1,521 | $1,270 | $963 |
| 1 adult 2 children | $826 | $697 | $1,032 | $1,270 | $937 |
| 2 adults 1 child | $826 | $738 | $1,250 | $632 | $837 |
| 1 adult 1 child | $826 | $476 | $761 | $632 | $688 |
| 2 adults | $670 | $593 | $979 | $0 | $642 |
| 1 adult | $552 | $323 | $489 | $0 | $541 |
Safety trends & Data
Over the past five years, Beaver County, Utah has seen significant fluctuations in property crimes, with burglary incidents peaking at 9.0 in 2020 and larceny-theft slightly rising until 2022. Motor vehicle thefts have remained relatively low but varied. The recent introduction of vandalism incidents could suggest new concerns for property crime, potentially influencing investment decisions, insurance premiums, and real estate development in the... Read more
Property Crime Trends in Beaver County, UT Over the Last 5 Years
Over the past five years in Beaver County, Utah, property crimes like burglary, larceny-theft, and motor vehicle theft have shown considerable fluctuations. In 2018, burglary incidents were at 8.0, dropping to 5.0 in 2019 before peaking at 9.0 in 2020. Larceny-theft had a slight rise from 9.0 in 2018, reaching 6.0 by 2022. Motor vehicle thefts have remained relatively low, peaking at 3.0 in 2021. The introduction of vandalism incidents in 2022 suggests emerging concerns for property crime trends in Beaver County. These shifts may influence investment decisions, insurance premiums, and real estate development in the area.
Demographics
Beaver County, Utah, shows an intriguing demographic landscape with a fairly balanced adult population of males and females. The educational attainment is pretty diversified, suggesting a community that values higher education, with a notable number of residents holding associate, bachelor's, and graduate degrees. The age distribution hints at a relatively young population, with a significant chunk under 45, which could imply future economic growth driven by younger, working-age individuals.... Read more
Race Distribution in Beaver County, Utah (2022)
Educational Attainment in Beaver County, Utah (2022)
Age Distribution in Beaver County, Utah
Citizen Population in Beaver County, Utah (2022)
Political Trends & Data
In Beaver County, Utah, the 2020 Presidential Election showed a significant tilt toward the Republican candidate with about 87% of the vote, suggesting a robust conservative presence. The Democratic candidate secured around 11.5%, indicating a smaller but noteworthy support base. Votes for Libertarian, Green, and other minor parties fell below 1%, implying limited third-party influence in the county. This could reflect a predominantly conservative voter base in the area, which might shape local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Beaver County, Utah, the 2020 U.S. Presidential Election appeared to heavily favor the Republican candidate, potentially reflecting a strong Republican presence or lean in the region with approximately 87% of the vote. The Democratic candidate garnered around 11.5%, indicating a smaller but significant number of Democratic voters. The Libertarian and Green parties, along with other minor parties, each received less than 1% of the vote, which may suggest limited influence from third-party candidates in the county. This voting pattern could be indicative of a predominantly conservative voter base in Beaver County.
86.94% of voters voted for the Republican party in the 2020 Presidential Election
11.52% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% 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
0.61% of voters voted for the Other party in the 2020 Presidential Election
School Data
Recent trends in Beaver County, Utah show fluctuating student-to-teacher ratios, peaking at nearly 28 in 2017 before slightly decreasing to around 24 in 2023, still notably above the national average of 14. For investors and families, larger class sizes could impact educational outcomes and community appeal. Real estate professionals may interpret these trends as indicators of shifting demographics or local residential property demand, while insurance agents might find this data relevant for... Read more
Student-to-teacher ratio in Beaver County, Utah over the last 6 years
Recent trends in Beaver County, Utah indicate fluctuating student-to-teacher ratios over the last six years, with a peek in 2017 at nearly 28 and a slight decrease down to around 24 in 2023. This ratio remains substantially higher than the national average of 14 students per teacher. Prospective investors and those with families might find this a critical factor as larger class sizes may impact educational outcomes and community appeal. For real estate agents and property developers, these fluctuations might suggest changing demographics or shifts in local demand for residential properties. Insurance agents might also consider this data relevant when assessing risks associated with community services and infrastructure.
