Grand County Real Estate and Livability Trends
Grand County, Utah shows a consistent rise in average taxable income per tax return, reaching $77,775.23 in 2021. This trend, along with a jump in total tax liability to $14,533.92 in the same year, suggests economic resilience and shifting tax environments that could impact property valuations. Median home values have dramatically increased from $224,800 in 2015 to $426,800 in 2022, outpacing... Read more
Grand County Market Trends
Grand County, Utah's median home values have surged from $224,800 in 2015 to $426,800 in 2022, outpacing both state and national trends. This steep rise highlights increased demand and potentially makes it a hot spot for investment, relocation, or development. Meanwhile, residential energy tax credits have seen highs and fluctuations, peaking at $2,716.67 in 2018, which underscores growing... Read more
Median Value of Occupied Housing Units in Grand County, Utah Over the Last 8 Years
Over the last eight years, median home values in Grand County, Utah have seen a significant upward trajectory, jumping from $224,800 in 2015 to $426,800 in 2022. This local growth outpaces both state-wide trends, with Utah's median home values rising from $215,900 to $408,500, and national trends, where values moved from $125,500 to $179,400. This sharp increase suggests growing demand and could indicate that Grand County is becoming an increasingly attractive location for investment, relocation, or development.
Residential Energy Tax Credit Per Tax Return in Grand County, UT Over the Last 9 Years
Grand County, Utah has seen significant fluctuations in residential energy tax credits per tax return over the past nine years, hinting at a dynamic and potentially attractive energy investment environment. Starting from $754.55 in 2013, the average credit surged to a peak of $2,716.67 in 2018, suggesting increased adoption of energy-efficient or renewable technologies. Despite some fluctuations, the values have remained relatively high, with the latest figure being $2,420.00 in 2021. This trend could be compelling for investors, builders, and real estate agents aiming to capitalize on the area's commitment to sustainable energy solutions. It might also impact appraisals and insurance assessments, given the ongoing investments in energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Grand County, UT Over the Last 10 Years
Over the past decade, Grand County, Utah has seen a steady increase in real estate taxes per tax return, rising from approximately $1,996.46 in 2012 to about $3,309.09 in 2021. This trend suggests a growing financial commitment for property owners, which might be reflective of increasing property values or changes in tax policies. For prospective investors, homebuyers, and stakeholders, understanding this escalation is crucial, as it could influence overall cost considerations and return on investment calculations.
Percentage of Farm Returns in Grand County, UT Over the Last 10 Years
The percentage of farm tax returns in Grand County, Utah, has generally seen a decline over the past decade, dropping from around 1.23% in 2012 to approximately 0.80% in 2021. Farm tax returns are tax documents that farms file to report their income and expenses, crucial for assessing agricultural activity within the county. This trend might suggest a shrinking agricultural sector or farms streamlining their operations to remain viable. Potential investors, property developers, and residents should be aware that this diminishing agricultural footprint could impact local economies, land values, and community resources.
Number of Mortgages by Occupancy Type in Grand County, UT Over the Last 5 Years in Grand County
In Grand County, Utah, the past five years show varied trends in mortgage counts across different occupancy types. Notably, the number of principal residence mortgages has consistently been the highest, peaking at 679 in 2021 and then experiencing a drop to 478 in 2022. Investment properties and second residences also saw fluctuations, with investment property mortgages decreasing from 107 in 2021 to 80 in 2022, and second residences following a similar trend from a high of 148 in 2020 to 70 in 2022. These changes in occupancy type mortgages can impact market dynamics for investors, homebuyers, and industry professionals. For potential investors, shifts in investment property trends may indicate evolving opportunities or risks. Lower principal residence mortgages could imply shifts in local demand or affordability issues, influencing real estate appraisals, insurance underwriting, and planning for new developments. Adjusting to these trends helps all stakeholders make informed decisions about their involvement in the local real estate market.
Economic Outlook
Grand County, Utah has experienced a steady increase in average taxable income per tax return over the past nine years, culminating in a peak of $77,775.23 in 2021. This trend may entice investors and newcomers due to the apparent economic resilience. Additionally, the average state and local income taxes have risen from $6,194.12 in 2012 to $8,777.42 in 2021, highlighting either increasing incomes or tax changes, which may impact property valuations and insurance rates. A significant jump in... Read more
Average Taxable Income per Tax Return in Grand County, UT over the last 9 years
The average taxable income per tax return in Grand County, Utah has shown a general upwards trend over the past nine years, notably peaking in 2021 at $77,775.23. This pattern of increasing income could attract prospective investors, new residents, and real estate agents eyeing economic growth potential. Despite some fluctuations, such as a dip in 2019 when the average dropped to $54,878.84, the resurgence in 2021 hints at underlying economic resilience. For appraisers and insurance agents, these trends might suggest growing affluence and a potentially stronger market for higher-value properties.
Average State and Local Income Taxes Per Tax Return in Grand County, UT Over the Last 10 Years
Over the past decade, Grand County, Utah has seen a notable increase in average state and local income taxes per tax return, moving from around $6,194.12 in 2012 to approximately $8,777.42 in 2021. This upward trend may suggest rising incomes or changes in tax policy, making it an important consideration for new residents, investors, and real estate professionals in the area. The sharp increases in recent years, particularly post-2017, could influence property valuations and insurance premiums, highlighting the importance of financial planning for those moving to or investing in Grand County.
Average Total Tax Liability Per Tax Return in Grand County, UT Over the Last 10 Years
The average total tax liability per tax return in Grand County, Utah has seen notable fluctuations over the last decade. The values generally hovered around $7,500.00 to $8,800.00 until a dramatic spike in 2021, where it surged to $14,533.92. This jump stands out significantly against the previous years' averages and suggests a potential shift in the economic landscape or tax dynamics within the county. Investors and property developers might find this data indicative of changing fiscal pressures or opportunities, while insurance agents and real estate professionals could use it to better assess financial trends affecting their clients in the region.
Cost of Living in Grand County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,365 | $1,540 | $2,063 | $1,467 | $1,582 |
| 1 adult 4 children | $1,365 | $1,258 | $1,574 | $1,467 | $1,690 |
| 2 adults 3 children | $1,365 | $1,258 | $1,792 | $1,467 | $1,317 |
| 1 adult 3 children | $1,365 | $1,027 | $1,303 | $1,467 | $1,423 |
| 2 adults 2 children | $1,020 | $1,030 | $1,521 | $1,270 | $1,039 |
| 1 adult 2 children | $1,020 | $769 | $1,032 | $1,270 | $1,032 |
| 2 adults 1 child | $1,020 | $814 | $1,250 | $632 | $906 |
| 1 adult 1 child | $1,020 | $526 | $761 | $632 | $750 |
| 2 adults | $775 | $654 | $979 | $0 | $677 |
| 1 adult | $682 | $357 | $489 | $0 | $580 |
Safety trends & Data
Grand County, Utah's property crime landscape has been quite dynamic over the last half-decade. Larceny-theft consistently tops the list, though burglary incidents notably dropped in 2021. Vandalism remains a common concern, especially with spikes in 2019 and 2020. Understanding these patterns could be key for investors, developers, and insurance agents when evaluating safety and associated risks in the... Read more
Property Crime Trends in Grand County, UT Over the Last 5 Years
Grand County, Utah, has seen fluctuating levels of property crime over the last five years, with larceny-theft remaining the most prevalent issue. Although burglaries have varied, they have seen a significant drop in 2021 compared to previous years. Interestingly, incidents of vandalism have remained relatively high, peaking in 2019 and 2020. These trends may be crucial for potential investors, real estate developers, and insurance agents when assessing the safety and risk factors within the county.
Demographics
Grand County, Utah's population skews slightly male, with males making up just over half of the adult demographic. Educational attainment shows a broad range with a notable portion of the population holding some college education but no degree, and significantly fewer having attained a graduate or professional degree. Age distribution highlights a balanced spread across different age groups, with the 25-44 year range being the most populous, reflecting a potentially stable workforce. The racial... Read more
Race Distribution in Grand County, Utah (2022)
Educational Attainment in Grand County, Utah (2022)
Age Distribution in Grand County, Utah
Citizen Population in Grand County, Utah (2022)
Political Trends & Data
In Grand County, Utah, the Democratic Party may have secured a higher percentage of votes in the 2020 U.S. Presidential Election compared to the Republican Party. This trend could point to a shift in voter preferences in an area historically considered to lean Republican. While minor parties like the Libertarian and Green have a minimal presence, the two-party dominance remains... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grand County, Utah, the Democratic Party appeared to secure a higher percentage of votes in the 2020 U.S. Presidential Election compared to the Republican Party. This suggests a potential shift in voter preferences in an area traditionally seen as leaning Republican. Libertarian and Green parties, alongside other minor parties, represent a very small portion of the electorate, highlighting the dominance of the two major parties.
43.36% of voters voted for the Republican party in the 2020 Presidential Election
54.12% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% of voters voted for the Livertarian party in the 2020 Presidential Election
0.44% of voters voted for the Green party in the 2020 Presidential Election
0.89% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grand County, Utah has seen its student-to-teacher ratio fluctuate over the last six years, peaking at 25 students per teacher in 2017 and dipping to around 16 in 2022. Currently, it's at about 20 per teacher, higher than the national average of 14. These variations might affect local investment and teaching quality, influencing property development and valuation decisions. For real estate and insurance agents, these trends could be crucial for advising clients on the area's educational... Read more
Student-to-teacher ratio in Grand County, Utah over the last 6 years
Grand County, Utah has experienced fluctuations in its student-to-teacher ratio over the last six years, with notable peaks in 2017 at 25 students per teacher and lows in 2022 at around 16 students per teacher. Currently, the ratio stands at about 20 students per teacher, which is above the national average of 14. These shifts in student-to-teacher ratios could impact local investment prospects, teaching quality, and the overall attractiveness of the area for families considering relocation. For investors and builders, understanding these educational dynamics might influence decisions on property development and valuation. Similarly, real estate agents and insurance agents could find these trends useful when advising clients on the desirability and educational environment of Grand County.
