Box Elder County Real Estate and Livability Trends
Box Elder County, Utah has experienced a striking rise in median home values from $167,500 in 2015 to $308,900 in 2022, outpacing national growth rates. Average taxable income also grew substantially, from $49,794.71 in 2013 to $70,040.31 in 2021, reflecting improved economic conditions or demographic shifts. This influx of income may interest investors and increase the demand for quality... Read more
Box Elder County Market Trends
Box Elder County, Utah, witnessed a dramatic rise in median home values from $167,500 in 2015 to $308,900 in 2022, exceeding the national and state growth rates. Significant fluctuations were seen in residential energy tax credits, peaking at $3,669.57 per tax return in 2018, indicating growing investments in energy-efficient home improvements. Real estate taxes also surged, from $1,553.85 in... Read more
Median Value of Occupied Housing Units in Box Elder County, Utah Over the Last 8 Years
Box Elder County, Utah experienced a substantial surge in median home values over the last eight years, jumping from $167,500 in 2015 to $308,900 in 2022. While this mirrors the upward trend seen both statewide and nationally, Box Elder's growth rate appears more pronounced compared to the national median which increased to $179,400 by 2022 and the Utah state median which soared to $408,500. This could signal Box Elder County as potentially more attractive for investment or relocation, particularly for those eyeing faster-growing markets within Utah.
Residential Energy Tax Credit Per Tax Return in Box Elder County, UT Over the Last 9 Years
Box Elder County, Utah has experienced significant fluctuations in residential energy tax credits over the last nine years, peaking in 2018 at an average of $3,669.57 per tax return. This trend suggests a growing investment in energy-efficient home improvements, which might indicate a shift towards sustainability in the area. Such data could prompt appraisers, real estate agents, and potential investors to consider the increasing value of properties due to enhanced energy efficiency. It's also worth noting for insurance agents, who may need to adjust premiums based on these upgrades.
Average Real Estate Taxes Per Tax Return in Box Elder County, UT Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Box Elder County, Utah have shown a consistent upward trend, starting from around $1,553.85 in 2012 and reaching approximately $2,861.16 by 2021. This notable increase may signal a growing local economy or rising property valuations which could have significant implications for potential investors, homeowners, and real estate professionals looking to capitalize on the local market. For those involved in the real estate sector or considering a move to the county, understanding these tax trends could be pivotal in making informed decisions.
Percentage of Farm Returns in Box Elder County, UT Over the Last 10 Years
Over the last decade, Box Elder County, Utah saw a slight but consistent decline in the percentage of farm tax returns, dropping from 4.44% in 2012 to around 3.73% by 2021. This trend may indicate a gradual shift away from farming or a consolidation of farm operations, potentially impacting land use and local economies. For investors, builders, or prospective residents, this could suggest changing dynamics in rural property markets, including potential opportunities for diversification or redevelopment. Understanding farm tax returns helps gauge the agricultural sector's health, land value trends, and broader economic shifts within the county.
Number of Mortgages by Occupancy Type in Box Elder County, UT Over the Last 5 Years in Box Elder County
In Box Elder County, Utah, over the past five years, mortgage counts for principal residences markedly outpaced those for investment and second residences. Notably, principal residence mortgages saw a peak in 2020 at 6,457 before declining to 3,798 in 2022. Despite these fluctuations, the demand for investment properties remained relatively steady with minor variances, such as a peak in 2021 at 289. This shift in occupancy type preferences can be particularly impactful for investors, appraisers, and real estate agents, as a high concentration of owner-occupied homes might point to more stable, less speculative markets. Additionally, insurance agents and those planning to build could interpret these trends as indicators of community stability and long-term growth potential, shaping policy premiums and development strategies respectively.
Economic Outlook
Box Elder County, Utah has experienced consistent growth in average taxable income per tax return, rising from $49,794.71 in 2013 to $70,040.31 in 2021, with a notable jump between 2018 and 2021. This trend suggests improved economic conditions or demographic shifts, potentially attracting investors and real estate professionals to the area. Average state and local income taxes per tax return also increased, going from $3,945.89 in 2012 to $7,618.80 in 2021, highlighting possible income growth... Read more
Average Taxable Income per Tax Return in Box Elder County, UT over the last 9 years
Box Elder County, Utah has experienced a consistent rise in average taxable income per tax return over the past nine years, jumping from $49,794.71 in 2013 to $70,040.31 in 2021. Notably, a significant increase occurred between 2018 and 2021, suggesting possibly improved economic conditions or demographic shifts. This trend may attract investors, real estate agents, and potential homebuyers who are considering stable, upwardly mobile markets. Such income growth is also important for appraisers and insurance agents in assessing property and coverage values accurately.
Average State and Local Income Taxes Per Tax Return in Box Elder County, UT Over the Last 10 Years
Box Elder County, Utah has seen a notable increase in average state and local income taxes per tax return over the past decade, with figures rising from $3,945.89 in 2012 to $7,618.80 in 2021. This upward trend might suggest growing incomes or changing tax policies affecting residents. Particularly significant jumps are noticed between 2017 and 2018, and again from 2018 to 2019, which could be of interest to investors and real estate professionals analyzing economic growth and demographic shifts in the area. For potential residents, these changes could impact cost of living and budgeting considerations.
Average Total Tax Liability Per Tax Return in Box Elder County, UT Over the Last 10 Years
The average total tax liability per tax return in Box Elder County, Utah, has shown a steady increase over the past decade, with notable spikes in 2016 and between 2019 and 2021. From $5,711.17 in 2012, the liability climbed to $9,048.25 by 2021, reflecting economic growth and potentially rising incomes. Investors and real estate agents should find these trends indicative of a possibly expanding and increasingly affluent population, which might come with higher home values and demand for quality services. Appraisers and insurance agents could interpret these numbers as signals of a shifting financial landscape in the county.
Cost of Living in Box Elder County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,303 | $1,424 | $1,759 | $1,620 | $1,459 |
| 1 adult 4 children | $1,303 | $1,163 | $1,339 | $1,620 | $1,607 |
| 2 adults 3 children | $1,303 | $1,163 | $1,529 | $1,620 | $1,227 |
| 1 adult 3 children | $1,303 | $949 | $1,109 | $1,620 | $1,360 |
| 2 adults 2 children | $963 | $952 | $1,300 | $1,410 | $990 |
| 1 adult 2 children | $963 | $711 | $880 | $1,410 | $1,001 |
| 2 adults 1 child | $963 | $752 | $1,070 | $728 | $865 |
| 1 adult 1 child | $963 | $486 | $650 | $728 | $736 |
| 2 adults | $747 | $604 | $841 | $0 | $636 |
| 1 adult | $665 | $330 | $420 | $0 | $572 |
Safety trends & Data
Box Elder County, Utah has experienced notable changes in property crime rates over the past five years. Larceny-theft peaked in 2021 with 55 incidents but declined to 38 in 2022. Motor vehicle theft saw a decrease from 6.0 in 2018 to just 1.0 in 2022, indicating potential improvements in vehicle security. Although burglary remained steady at around 7.0 incidents annually, vandalism increased sharply from 1.0 in 2018 to 13.0 in 2022, raising concerns for property developers and insurers. These... Read more
Property Crime Trends in Box Elder County, UT Over the Last 5 Years
Box Elder County, Utah has seen significant fluctuations in property crimes over the past five years. Larceny-theft remains the most common crime, peaking at 55 incidents in 2021 but showing a downward trend with just 38 cases in 2022. Burglary has stayed relatively consistent, averaging around 7.0 incidents annually. Notably, motor vehicle thefts have decreased from 6.0 in 2018 to just 1.0 in 2022, suggesting improved vehicle security or policies. Vandalism has shown a rising trend, with increasing incidents from just 1.0 in 2018 to 13.0 in 2022, capturing attention from property developers and insurance agents due to potential risks. Arson cases remained minimal, with the highest being 2.0 incidents in 2020, while fraud and counterfeiting numbers displayed a decline, simplifying risk assessment for financial investments. These trends are vital for stakeholders to refine security measures, assess property values, and adjust insurance premiums accordingly.
Demographics
Box Elder County, Utah, has a balanced adult population with slightly more males than females. The educational attainment spread shows the majority of residents have at least a high school diploma, and quite a significant number has pursued higher education to some extent. Age-wise, the population is relatively young, with substantial segments under 35 years old, indicating a potentially large workforce. The racial composition is predominantly White, but there's a small and diverse mix of other... Read more
Race Distribution in Box Elder County, Utah (2022)
Educational Attainment in Box Elder County, Utah (2022)
Age Distribution in Box Elder County, Utah
Citizen Population in Box Elder County, Utah (2022)
Political Trends & Data
In Box Elder County, Utah, the 2020 U.S. Presidential Election results might reveal a pronounced Republican inclination, with about 79.7% of the vote potentially going to Republican candidates. Democrats seemed to capture only around 16.6%, while Libertarians and Greens were negligible at approximately 2.3% and 0.2%. This distribution aligns with broader conservative trends typically seen in Utah, suggesting a persistent Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Box Elder County, Utah, the 2020 U.S. Presidential Election saw Republican candidates possibly dominating the vote with around 79.7% of the total. In stark contrast, Democrats garnered roughly 16.6%, while Libertarians and Greens appeared negligible with approximately 2.3% and 0.2% respectively. The remaining votes, about 1.2%, were spread among other parties. This distribution could indicate a strong Republican inclination in the county, reflective of broader trends observed in conservative-leaning regions of Utah.
79.74% of voters voted for the Republican party in the 2020 Presidential Election
16.55% of voters voted for the Democrat party in the 2020 Presidential Election
2.27% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
1.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Box Elder County, Utah, has seen a student-to-teacher ratio drop from 21 in 2014 to under 18 in 2023, suggesting improved educational resources. Families valuing education might find this appealing, although the ratio remains higher than the national average of 14 students per teacher. This trend may interest investors and real estate agents looking to attract education-driven buyers, as better educational environments are often a strong selling point in the real estate... Read more
Student-to-teacher ratio in Box Elder County, Utah over the last 6 years
Box Elder County, Utah, has seen a notable decline in the student-to-teacher ratio over the past six years, dropping from 21 in 2014 to under 18 in 2023. This shift could signal improved educational resources, potentially attracting families valuing quality education. Compared to the U.S. national average of 14 students per teacher, Box Elder still maintains relatively high ratios, which might be a consideration for investors, appraisers, and real estate agents focusing on education-driven buyers. Lower student-to-teacher ratios often indicate better educational environments, a strong selling point for the real estate market.
