Davis County Real Estate and Livability Trends
Davis County, Utah's average taxable income per tax return has grown from $63,755.83 in 2013 to $100,192.30 in 2021, suggesting robust economic activity. This rise coincides with increased average state and local taxes, possibly mirroring economic growth or policy shifts, and may attract investors. Despite recent modest poverty rate fluctuations, property values have surged, with median home... Read more
Davis County Market Trends
Davis County, Utah has seen its median home values soar from $225,800 in 2015 to $423,200 in 2022, outpacing state and national trends and hinting at powerful local economic drivers. The county’s residential energy tax credits saw a sharp rise, with a peak at $4157.05 in 2018, reflecting increasing but varied investments in energy-efficient improvements. Average real estate taxes per tax return... Read more
Median Value of Occupied Housing Units in Davis County, Utah Over the Last 8 Years
Davis County, Utah's median home values have surged from $225,800 in 2015 to $423,200 in 2022, an increase that significantly outpaces both state and national trends. While Utah's median values rose from $215,900 to $408,500 during the same period, the national figures climbed from $125,500 to $179,400. This shift could indicate robust local economic factors driving property values. Potential investors, homebuyers, and developers may find Davis County's market appealing due to this strong positive trend, suggesting demand and investment opportunities.
Residential Energy Tax Credit Per Tax Return in Davis County, UT Over the Last 9 Years
Over the past nine years, Davis County, Utah has seen a striking increase in the average residential energy tax credit per tax return. From $290.87 in 2013, it rose sharply, peaking in 2018 at $4157.05. The fluctuations indicate growing but somewhat inconsistent investments in energy-efficient home improvements. Such a trend could be seen as a positive indicator for those looking to invest or build property in the area, as it may reflect growing homeowner interest in sustainability and potential long-term savings on energy costs. This information might be significant for appraisers, insurance agents, and real estate professionals assessing the value and desirability of homes in Davis County.
Average Real Estate Taxes Per Tax Return in Davis County, UT Over the Last 10 Years
Over the past decade, Davis County, Utah, has experienced a noticeable increase in average real estate taxes per tax return. Starting at $2,101.83 in 2012 and climbing to $3,792.39 in 2021, the steady uptrend reflects broader economic dynamics and rising property values. Investors and homeowners alike should take note of these escalating costs, as they impact overall housing affordability and investment returns. This growth trajectory also signals an evolving real estate market, making it increasingly vital for appraisers, insurance agents, and real estate professionals to stay updated on these trends for accurate valuations and advisories.
Percentage of Farm Returns in Davis County, UT Over the Last 10 Years
Davis County, Utah has typically seen a gradual decline in the percentage of farm tax returns over the past decade. Farm tax returns, which reflect filings by individuals or entities engaged in agricultural activities, decreased from around 0.41% in 2012 to approximately 0.28% in 2021. This trend may suggest a shift away from agriculture in the region, potentially as a result of urbanization, changing economic conditions, or shifts in local land use. Investors, builders, and prospective residents might find this data useful when considering opportunities and planning in Davis County, as it indicates ongoing changes in the local economic landscape and land use priorities.
Number of Mortgages by Occupancy Type in Davis County, UT Over the Last 5 Years in Davis County
Davis County, Utah has seen significant fluctuations in the number of mortgages across different occupancy types over the last five years. Principal residences consistently dominate the market, making up the bulk of mortgages each year. Notably, there was a sharp increase in principal residence mortgages in 2020, peaking at 50,914, likely influenced by the pandemic-driven real estate boom. Investment property mortgages also spiked in 2021, possibly due to investors seeking stable returns in a volatile economic environment. Meanwhile, second residence mortgages remain relatively minor in comparison but could signal niche market opportunities. These trends matter for investors analyzing market stability, insurers gauging risk, and developers planning new projects, as they indicate demand patterns and potential shifts in property use.
Economic Outlook
Davis County, Utah, has shown a steady rise in average taxable income per tax return, growing from approximately $63,755.83 in 2013 to $100,192.30 in 2021, indicating a potentially robust local economy that may attract investors and new residents. Concurrently, the county saw an uptick in average state and local income taxes per tax return, rising from about $5,142.95 in 2012 to around $11,488.96 in 2021, suggesting a growing fiscal burden possibly due to economic growth or tax policy changes.... Read more
Average Taxable Income per Tax Return in Davis County, UT over the last 9 years
Over the past nine years, Davis County, Utah has seen a steady rise in average taxable income per tax return, climbing from roughly $63,755.83 in 2013 to a notable $100,192.30 in 2021. This gradual increase may signal a robust local economy and could be appealing for potential investors, real estate agents, and those looking to move to the area. The consistent uptrend might also interest appraisers and insurance agents, as it reflects improving financial health, likely impacting property values and risk assessments. Such financial growth could hint at expanding opportunities for businesses and developers in Davis County.
Average State and Local Income Taxes Per Tax Return in Davis County, UT Over the Last 10 Years
Over the past decade, Davis County, Utah has experienced a notable rise in average state and local income taxes per tax return, with figures climbing from around $5,142.95 in 2012 to approximately $11,488.96 in 2021. The sharpest increases were observed between 2017 and 2020, potentially reflecting broader economic growth or changes in tax policy. This upward trend suggests a growing fiscal burden on residents, which may influence decisions for potential investors, homebuyers, and real estate professionals looking at the area. Appraisers and insurance agents might also find these trends indicative of changing economic conditions that could impact property values and risk assessments.
Average Total Tax Liability Per Tax Return in Davis County, UT Over the Last 10 Years
Over the last decade, Davis County, Utah has seen a notable increase in average total tax liability per tax return, starting at $9,411.62 in 2012 and peaking at $16,997.68 in 2021. The most significant spikes occurred between 2019 and 2021, reflecting an upward trend that could imply economic growth or changes in tax policies. This escalation might interest potential investors, property developers, and real estate agents by indicating rising incomes or shifting tax landscapes in the area. For appraisers and insurance agents, these figures could provide insights into the financial health and changing economic conditions of residents in Davis County.
Cost of Living in Davis County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,878 | $1,472 | $1,661 | $1,620 | $1,737 |
| 1 adult 4 children | $1,878 | $1,202 | $1,264 | $1,620 | $1,894 |
| 2 adults 3 children | $1,878 | $1,202 | $1,444 | $1,620 | $1,493 |
| 1 adult 3 children | $1,878 | $982 | $1,047 | $1,620 | $1,628 |
| 2 adults 2 children | $1,366 | $984 | $1,227 | $1,410 | $1,102 |
| 1 adult 2 children | $1,366 | $735 | $830 | $1,410 | $1,170 |
| 2 adults 1 child | $1,366 | $778 | $1,010 | $728 | $979 |
| 1 adult 1 child | $1,366 | $502 | $613 | $728 | $885 |
| 2 adults | $1,118 | $625 | $793 | $0 | $760 |
| 1 adult | $1,025 | $341 | $397 | $0 | $687 |
Safety trends & Data
Davis County, Utah has seen fluctuating property crime rates that may impact local stakeholders. Larceny-Theft, consistently the most common crime, peaked at 1,025 incidents in 2018, dropped to 602 in 2020, and then increased again. Vandalism incidents hover around 300, while Arson saw dramatic swings, spiking to 17 in 2021 before dropping to 5 in 2022. These shifts might influence property values and insurance premiums, proving crucial for appraisers, real estate agents, and... Read more
Property Crime Trends in Davis County, UT Over the Last 5 Years
Davis County, Utah has experienced fluctuating property crime rates over the past five years, showing interesting trends that could impact local stakeholders. Notably, Larceny-Theft has consistently dominated the crime charts, peaking in 2018 at 1,025 incidents and then seeing a significant decrease to 602 in 2020, before rising again. Vandalism also remains a concern with numbers hovering around the 300 mark. Interestingly, Arson incidents have varied dramatically, spiking up to 17 in 2021 and dropping back to 5 in 2022. Such variations might be critical for appraisers, real estate agents, and investors as they indicate shifting safety dynamics and potentially influence property values and insurance premiums.
Demographics
Davis County, Utah exhibits a balanced adult population with nearly equal numbers of males and females. Educational attainment seems quite diverse, yet a notable proportion of residents hold college degrees, pointing towards a potentially well-educated workforce. The age distribution is broad, with substantial numbers of young and middle-aged adults, which could hint at a vibrant community with a mix of family-oriented and working-age residents. It's also predominantly White, though there... Read more
Race Distribution in Davis County, Utah (2022)
Educational Attainment in Davis County, Utah (2022)
Age Distribution in Davis County, Utah
Citizen Population in Davis County, Utah (2022)
Political Trends & Data
Davis County, Utah, shows a notable trend toward conservative politics, with the Republican Party capturing an estimated 61% of votes in the 2020 presidential election. The Democratic Party's smaller share of around 34% highlights the significant partisan leanings, while minor parties like the Libertarians and Greens had minimal influence, each securing roughly 3% or less. This conservative inclination could influence local policies and, potentially, the regional real estate market, aligning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Davis County, Utah, the Republican Party appeared to have a dominant presence in the 2020 presidential election, capturing perhaps around 61% of the vote. The Democratic Party, while significantly trailing, potentially drew about 34% of the electorate. Third parties like the Libertarians and Greens seemed to have a minimal impact, each securing roughly 3% and below. This reflects a tendency towards conservative preferences among the voters in this county.
61.32% of voters voted for the Republican party in the 2020 Presidential Election
33.81% of voters voted for the Democrat party in the 2020 Presidential Election
2.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
1.57% of voters voted for the Other party in the 2020 Presidential Election
School Data
Davis County, Utah has experienced a steady decrease in its student-to-teacher ratio, dropping from around 25 students per teacher in 2014 to about 22 in 2023. Though still higher than the national average of 14 students per teacher, this trend may indicate improving educational investments and expanding faculty resources. For investors and potential residents, lower student-to-teacher ratios could suggest a higher focus on education quality, potentially boosting property values and increasing... Read more
Student-to-teacher ratio in Davis County, Utah over the last 6 years
Over the past six years, Davis County, Utah has seen a steady decrease in its student-to-teacher ratio, dropping from around 25 students per teacher in 2014 to about 22 in 2023. This is still notably higher than the national average of 14 students per teacher but may indicate improving educational investments and expanding faculty resources. For investors and those looking to move to the area, lower student-to-teacher ratios often suggest a focus on education quality, which can be a significant community asset. Real estate agents, appraisers, and insurance agents should be aware that such trends might enhance property values and community desirability.
