Carbon County Real Estate and Livability Trends
In Carbon County, Utah, the median home values have risen from $123,900 in 2015 to $176,400 in 2022, hinting at attractive investment potential. This growth contrasts with the state's more dramatic surge, from $215,900 to $408,500, suggesting room for further appreciation. Simultaneously, real estate taxes have doubled over the past decade, likely reflecting increases in property valuations.... Read more
Carbon County Market Trends
The real estate market in Carbon County, Utah shows promising growth with the median home values climbing from $123,900 in 2015 to $176,400 in 2022. This increase suggests an attractive investment potential, particularly when compared to the state’s more dramatic surge from $215,900 to $408,500. Additionally, significant jumps in residential energy tax credits, peaking at $3,000.00 in 2018,... Read more
Median Value of Occupied Housing Units in Carbon County, Utah Over the Last 8 Years
The median home values in Carbon County, Utah have shown consistent growth over the last 8 years, increasing from $123,900 in 2015 to $176,400 in 2022. While this growth is substantial, it still lags behind both the state of Utah and national averages. In the same timeframe, Utah's median home values surged far more dramatically from $215,900 to $408,500. Nationally, prices rose from $125,500 to $179,400. This disparity suggests Carbon County may offer more affordable investment opportunities compared to the broader Utah market, which might be appealing to new investors or first-time homebuyers looking for budget-friendly options.
Residential Energy Tax Credit Per Tax Return in Carbon County, UT Over the Last 9 Years
Residential energy tax credits in Carbon County, Utah have shown significant fluctuation over the past nine years, with a notable increase from $365.00 in 2013 to a peak of $3,000.00 in 2018. This suggests a growing investment in energy-efficient home improvements or renewable energy installations. Such trends are indicative of potential cost-saving measures for homeowners and could signal lucrative opportunities for energy-focused investments and real estate developments in the area. High periods like 2017 through 2021, where values remained above $1,250.00, highlight a sustained interest in energy efficiency, making Carbon County an appealing focus for green energy initiatives and related financial incentives.
Average Real Estate Taxes Per Tax Return in Carbon County, UT Over the Last 10 Years
Over the last decade, Carbon County, Utah has seen a notable uptrend in average real estate taxes per tax return. Starting from $1,371.50 in 2012, the taxes gradually increased, reaching $3,013.51 by 2021. This significant rise highlights a forward movement in property valuations or possibly policy adjustments impacting property taxes. Such trends matter for investors, appraisers, and real estate professionals as they reflect the evolving economic landscape of the area, potentially signaling increased property values and changes in market desirability.
Percentage of Farm Returns in Carbon County, UT Over the Last 10 Years
Over the decade, the percentage of farm tax returns in Carbon County, Utah shows minor fluctuations, peaking at around 3.18% in 2016, and generally hovering around 2.80% to 3.08%. Farm tax returns offer insights into the agricultural activity within a region; higher percentages might indicate a more vibrant farming community, while lower ones could suggest a shift towards other industries or economic challenges faced by local farmers. These subtle changes can be crucial for investors, property developers, and those considering a move to the area, as they reflect the economic stability and potential growth within the agricultural sector of Carbon County.
Number of Mortgages by Occupancy Type in Carbon County, UT Over the Last 5 Years in Carbon County
In Carbon County, Utah, the data over the last five years indicate a notable increase in the number of mortgages for principal residences, peaking in 2021 with 1,477 mortgages. Though investment properties and second residences have relatively lower counts, there's still varied interest with investment properties reaching a high of 115 in 2021. These trends could be crucial for investors and real estate agents who need to gauge market demand, as well as appraisers and insurance agents assessing property risk and value. Builders and developers may also find this data insightful for understanding which occupancy types to focus on for potential projects. Changes in occupancy type can reveal shifting lifestyle preferences, economic conditions, and investment strategies, all of which impact property values and market dynamics.
Economic Outlook
In Carbon County, Utah, average taxable income per tax return has been on a generally upward trend over the past nine years, rising from $50,349.87 in 2013 to $58,774.89 in 2021. This suggests a gradually improving economic climate—potentially appealing to investors, appraisers, and insurance agents looking at growing financial stability among residents, and hinting at property value appreciation for prospective homeowners and real estate agents. Notably, average state and local income taxes... Read more
Average Taxable Income per Tax Return in Carbon County, UT over the last 9 years
In Carbon County, Utah, average taxable income per tax return has experienced a fluctuating yet generally upward trend over the past nine years, with an increase from $50,349.87 in 2013 to $58,774.89 in 2021. This trajectory suggests a gradually improving economic climate, which could interest investors, appraisers, and insurance agents by indicating growing financial stability among residents. Prospective homeowners and real estate agents might see potential for property value appreciation, while businesses considering establishment or expansion in the area may find the rising income levels encouraging.
Average State and Local Income Taxes Per Tax Return in Carbon County, UT Over the Last 10 Years
Over the past decade in Carbon County, Utah, average state and local income taxes per tax return have mostly trended upward, peaking substantially in recent years. The increases around 2018-2021, where values exceeded $7,000, suggest a notable shift in the tax landscape that could be reflective of economic changes or policy adjustments. This upswing is pivotal for prospective investors, real estate agents, and anyone considering relocating, as it might indicate rising fiscal demands in the area.
Average Total Tax Liability Per Tax Return in Carbon County, UT Over the Last 10 Years
Over the last decade, Carbon County, Utah has experienced a general fluctuation in average total tax liability per tax return, starting from $6,816.95 in 2012 and peaking at $7,981.25 in 2021. Notable dips in tax liabilities were seen in 2016 ($6,552.50) and 2018 ($6,344.36), while other years hovered around the mid $6,000 to mid $7,000 range. These trends might suggest periodic economic shifts or changes in tax policies, impacting both potential investors and current residents. Appraisers and insurance agents might find this relevant when assessing the area's financial climate for property valuation and risk assessment. Real estate agents could leverage this data to advise clients on the economic stability and potential fiscal responsibilities of living in Carbon County.
Cost of Living in Carbon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,039 | $1,343 | $2,063 | $1,494 | $1,352 |
| 1 adult 4 children | $1,039 | $1,097 | $1,574 | $1,494 | $1,465 |
| 2 adults 3 children | $1,039 | $1,097 | $1,792 | $1,494 | $1,113 |
| 1 adult 3 children | $1,039 | $896 | $1,303 | $1,494 | $1,204 |
| 2 adults 2 children | $826 | $898 | $1,521 | $1,301 | $949 |
| 1 adult 2 children | $826 | $671 | $1,032 | $1,301 | $920 |
| 2 adults 1 child | $826 | $710 | $1,250 | $674 | $828 |
| 1 adult 1 child | $826 | $459 | $761 | $674 | $682 |
| 2 adults | $669 | $570 | $979 | $0 | $624 |
| 1 adult | $560 | $311 | $489 | $0 | $531 |
Safety trends & Data
Carbon County has potentially become a safer area with a notable decline in property crime rates over the past five years. Larceny-theft incidents plummeted from 397.00 in 2018 to just 58.00 in 2022, and burglary cases similarly decreased from 22.00 to 6.00 in the same period. Vandalism rates have generally declined, and arson remains rare with only one incident reported in both 2021 and 2022. This trend might reflect improving security measures or more effective law enforcement, making the... Read more
Property Crime Trends in Carbon County, UT Over the Last 5 Years
Carbon County's property crime rates have seen a notable decline over the past five years, particularly in larceny-theft, which dropped from 397.00 incidents in 2018 to just 58.00 in 2022. Burglary instances also decreased significantly, starting at 22.00 in 2018 and dipping to 6.00 by 2022. However, fraud incidents showed a more sporadic pattern, peaking at 15.00 in 2020 but remaining low in other years. Vandalism has varied slightly but generally declined, while arson appears to be a rare occurrence with only one incident reported in both 2021 and 2022. This downward trend in property crime could indicate improving security measures or law enforcement efficacy, making Carbon County a potentially safer and more attractive location for new residents, investors, and property developers.
Demographics
Carbon County, Utah, shows a balanced gender distribution with 7,368 males and 7,484 females. Educational attainment indicates a significant portion of the population has some college experience, while a smaller fraction holds a bachelor's or graduate degree. The age distribution reveals a diverse range of age groups, with a notable number of individuals in the 35 to 64-year range. The racial composition is predominantly White, with smaller representations from other racial... Read more
Race Distribution in Carbon County, Utah (2022)
Educational Attainment in Carbon County, Utah (2022)
Age Distribution in Carbon County, Utah
Citizen Population in Carbon County, Utah (2022)
Political Trends & Data
Carbon County, Utah demonstrated a notable conservative preference during the 2020 U.S. Presidential election. Republicans potentially secured around 71% of the votes, whereas Democrats seemed to attract about 25%. Libertarians possibly captured roughly 1.6%, while the Green Party and other smaller parties had minimal impacts, securing around 0.2% and 1.2% respectively. This voting trend might indicate a strong leaning towards conservative policies within the local populace, potentially... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Carbon County, Utah, the 2020 U.S. Presidential Election results leaned strongly Republican, with this party potentially capturing around 71% of the votes. Democrats seemed to have attracted approximately 25% of the voters, while Libertarians might have garnered about 1.6%. The Green Party and other smaller parties likely had minor impacts, securing roughly 0.2% and 1.2% respectively. This voting pattern suggests a significant inclination towards conservative policies among the local electorate.
71.44% of voters voted for the Republican party in the 2020 Presidential Election
25.53% of voters voted for the Democrat party in the 2020 Presidential Election
1.61% 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
1.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Carbon County, Utah, has consistently hovered around 18 students per teacher, which is higher than the national average of 14. Notably, it spiked to 19 in 2020. These trends might impact real estate decisions, signaling larger class sizes that could influence perceptions of school quality. This metric is crucial for buyers and investors prioritizing education, and could be significant for insurance agents, appraisers, builders, and real estate agents considering... Read more
Student-to-teacher ratio in Carbon County, Utah over the last 6 years
The student-to-teacher ratio in Carbon County, Utah, has shown fluctuations over the last six years, hovering around 18 students per teacher, which is consistently higher than the national average of 14. Despite a few years with slight decreases, the ratio spiked to 19 in 2020. These trends could affect real estate decisions, as higher ratios may indicate larger class sizes, potentially impacting the quality of education. Buyers and investors may find this significant if school quality is a priority. Additionally, insurance agents and appraisers might consider these patterns when evaluating community stability and property values, while builders and real estate agents should account for this when positioning homes to families prioritizing education.
