Cache County Real Estate and Livability Trends
Cache County, Utah, has recorded a considerable rise in average taxable income, from $62,596.45 in 2016 to $81,371.36 in 2021. This economic upswing might pique interest among investors and real estate agents. The median home value surged from $191,900 in 2015 to $351,700 in 2022, outpacing state and national averages, hinting at robust investment returns. The student-to-teacher ratio has... Read more
Cache County Market Trends
Cache County's median home value jump from $191,900 in 2015 to $351,700 in 2022 is outpacing Utah and national averages, potentially signaling strong investment returns. Residential energy tax credits per tax return spiked dramatically, peaking at $3,508.82 in 2018, hinting at significant investments in energy efficiency. Average real estate taxes more than doubled since 2012, possibly reflecting... Read more
Median Value of Occupied Housing Units in Cache County, Utah Over the Last 8 Years
Cache County's median home value has seen an impressive rise from $191,900 in 2015 to $351,700 in 2022. Comparatively, these gains outpace those of both Utah and the national figures. Over the same eight-year period, Utah's median home values jumped from $215,900 to $408,500, while the national median went from $125,500 to $179,400. This accentuated growth in Cache County could be enticing for investors, highlighting potential returns exceeding broader market trends. Moreover, for those looking to move or build in the area, understanding these price dynamics is key to making well-informed decisions.
Residential Energy Tax Credit Per Tax Return in Cache County, UT Over the Last 9 Years
Over the past nine years, Cache County, Utah, has seen notable fluctuations in residential energy tax credits per tax return, with figures soaring from $304.00 in 2013 to a peak of $3,508.82 in 2018. This data could hint at varying levels of investment in energy-efficient home improvements and renewable energy projects. Such trends might be of particular interest to real estate agents, investors, and builders looking for opportunities in sustainable property developments. Additionally, these changes suggest that homeowners and potential buyers in the area prioritize energy efficiency, potentially impacting property valuations and insurance considerations.
Average Real Estate Taxes Per Tax Return in Cache County, UT Over the Last 10 Years
Cache County, Utah has seen a consistent upward trend in average real estate taxes per tax return over the past decade. Starting from around $1,640.87 in 2012, these taxes gradually increased each year, reaching approximately $3,067.16 by 2021. This steady rise may interest potential investors, real estate agents, and those looking to move to the area, indicating increasing property values and potentially more robust municipal services funded by these taxes. For insurance agents and property appraisers, this trend could suggest a need for adjusted assessments and premium recalibrations to align with the higher taxed values.
Percentage of Farm Returns in Cache County, UT Over the Last 10 Years
In Cache County, Utah, the percentage of farm tax returns has shown a cautious but steady decline over the past decade, dropping from approximately 2.34% in 2012 to about 1.76% in 2021. Farm tax returns are used to report income and expenses related to agricultural activities, providing a snapshot of the viability and health of the farming sector. This gradual decrease could suggest shifts in agricultural productivity, land use, or economic factors affecting farmers. Potential investors, developers, or new residents might find this trend indicative of evolving economic opportunities and challenges within the region's agricultural landscape.
Number of Mortgages by Occupancy Type in Cache County, UT Over the Last 5 Years in Cache County
In Cache County, Utah, over the last five years, principal residence mortgages have consistently dominated the market, though there was a notable dip in 2022 compared to previous years. Investment property mortgages saw a steady increase until 2021 but then declined in 2022. Second residence mortgages have remained relatively low and stable. Changes in occupancy type matter because they can influence market stability, resale values, and insurance premiums, directly affecting property investors, potential buyers, and real estate agents. A shift towards investment properties could signal future rental market growth, while a decline in principal residences might raise concerns for those planning to move or invest for long-term occupancy.
Economic Outlook
Cache County, Utah, has displayed a rising average taxable income, leaping from $62,596.45 in 2016 to $81,371.36 in 2021, potentially signaling enhanced economic prospects. This uptick could catch the eye of investors and real estate agents aiming to capitalize on an ostensibly prospering market. Concurrently, the average state and local income taxes per tax return surged from $4,759.72 in 2012 to $12,627.53 in 2021, indicating possible changes in income levels or tax policies. The average... Read more
Average Taxable Income per Tax Return in Cache County, UT over the last 9 years
In Cache County, Utah, the average taxable income per tax return has generally shown an upward trend over the past nine years. Noteworthy is the jump from $62,596.45 in 2016 to $81,371.36 in 2021, highlighting potential growth in economic opportunities. This could be particularly compelling for investors and real estate agents as it may signal a prosperous environment for property development and real estate investments. Insurance agents might also find this trend significant for risk assessment and premium adjustments. The noticeable income rise suggests a potentially growing affluence among residents, which could influence market dynamics and opportunities.
Average State and Local Income Taxes Per Tax Return in Cache County, UT Over the Last 10 Years
Over the past decade in Cache County, Utah, average state and local income taxes per tax return have shown a significant upward trend, starting from $4,759.72 in 2012 to $12,627.53 in 2021. This jump, especially from 2017 with $6,585.17 to a striking $12,627.53 in just four years, may be indicative of rising incomes, changes in tax policies, or economic growth in the region. Such a trend could be of interest to potential investors, homeowners, appraisers, and real estate agents, as it might reflect an expanding economic base and higher earning potential within the community, but it also underscores the importance of factoring in higher tax liabilities.
Average Total Tax Liability Per Tax Return in Cache County, UT Over the Last 10 Years
Over the past decade, Cache County, Utah, has experienced a notable increase in average total tax liability per tax return, escalating from approximately $6,904.86 in 2012 to about $13,307.06 in 2021. Such a rise could perhaps signify an increase in household incomes or property values, making it a potentially attractive prospect for investors, real estate agents, and appraisers looking for areas with growing economic prosperity. For potential residents and current homeowners, understanding this trend is crucial for financial planning and property investment strategies, while appraisers and insurance agents might find it relevant for evaluating property risk and market trends.
Cost of Living in Cache County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,337 | $1,424 | $1,938 | $1,620 | $1,503 |
| 1 adult 4 children | $1,337 | $1,163 | $1,475 | $1,620 | $1,622 |
| 2 adults 3 children | $1,337 | $1,163 | $1,685 | $1,620 | $1,261 |
| 1 adult 3 children | $1,337 | $949 | $1,222 | $1,620 | $1,378 |
| 2 adults 2 children | $941 | $952 | $1,433 | $1,410 | $990 |
| 1 adult 2 children | $941 | $711 | $969 | $1,410 | $982 |
| 2 adults 1 child | $941 | $752 | $1,180 | $728 | $860 |
| 1 adult 1 child | $941 | $486 | $716 | $728 | $720 |
| 2 adults | $755 | $604 | $927 | $0 | $640 |
| 1 adult | $635 | $330 | $464 | $0 | $555 |
Safety trends & Data
Cache County, Utah has seen fluctuations in property crime over the last five years. Larceny-theft has been the most common offense, peaking in 2019 with 486 incidents but dropping to 300 by 2022. Vandalism remains an ongoing issue, averaging around 145 incidents annually. Burglary incidents have varied, hitting 57 in 2021 before decreasing to 40 in 2022. Motor vehicle theft saw a spike in 2021 with 36 cases. Fraud and forgery crimes have been relatively stable and lower in frequency compared... Read more
Property Crime Trends in Cache County, UT Over the Last 5 Years
Cache County, Utah has experienced fluctuations in property crime over the last five years, with larceny-theft consistently being the most prevalent offense, peaking in 2019 with 486 incidents and showing a notable drop by 2022 with 300 cases. Vandalism has also been a consistent issue, averaging around 145 incidents annually. Burglary incidents have varied significantly, reaching as high as 57 in 2021 before decreasing to 40 in 2022. Motor vehicle theft saw a noticeable increase in 2021, with 36 cases compared to previous years. Fraud and forgery-related crimes have remained relatively stable but lower in number compared to other property crimes. These trends suggest varying challenges and potential risks for those looking to invest or reside in Cache County.
Demographics
Cache County in Utah shows a balanced gender distributgioon with males and females almost equally split. The educational attainment data suggests that a significant portion of residents have some college education or higher, with bachelor’s degrees being relatively common. The age distribution highlights a young demographic, particularly concentrated in the 20 to 34 years age range. Racially, the population is predominantly white, with other racial groups representing much smaller... Read more
Race Distribution in Cache County, Utah (2022)
Educational Attainment in Cache County, Utah (2022)
Age Distribution in Cache County, Utah
Citizen Population in Cache County, Utah (2022)
Political Trends & Data
Cache County, Utah, has shown a strong Republican leaning in the 2020 U.S. Presidential Election, with about 65% of the vote leaning red. Democrats captured around 29% of votes, while minor parties like the Greens and Libertarians collectively pooled about 7%. This data might suggest a predominantly conservative political climate with a splash of openness to third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cache County, Utah, the 2020 U.S. Presidential Election results show a potential strong Republican leaning with about 65% of the vote, while Democrats garnered approximately 29%. Minor parties like the Libertarians and Greens, along with other parties, collectively made up roughly 7% of the vote. This distribution could indicate a predominantly conservative political climate, with limited but notable support for third-party options.
65.17% of voters voted for the Republican party in the 2020 Presidential Election
28.53% of voters voted for the Democrat party in the 2020 Presidential Election
3.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Green party in the 2020 Presidential Election
2.85% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cache County, Utah, has seen its student-to-teacher ratio climb from 23 students per teacher in 2014 to nearly 27 in 2023, well above the national average of 14. This growing class size could mean less individual attention for students and potentially lower educational quality, which families might weigh when considering school districts. Investors, developers, and real estate agents might also find the trend pertinent, as it could impact property values and neighborhood... Read more
Student-to-teacher ratio in Cache County, Utah over the last 6 years
Cache County, Utah has seen a notable increase in its student-to-teacher ratio over the past six years, moving from 23 students per teacher in 2014 to nearly 27 in 2023. This uptick could indicate larger class sizes, potentially impacting individual student attention and overall educational quality. Compared to the national average of 14 students per teacher, Cache County's ratios may suggest overstretched educational resources, which could be a consideration for families evaluating the area’s schools. Investors, developers, and real estate agents might find this trend notable, as it can affect both property values and the desirability of neighborhoods, while appraisers and insurance agents could consider it when assessing community factors.
