Iron County Real Estate and Livability Trends
Iron County, Utah has experienced a noticeable rise in median home values from $165,900 in 2015 to $299,400 in 2022, possibly making it an attractive market for investors. The jump in average taxable income from approximately $42,550.32 in 2013 to $64,376.58 by 2021 hints at growing financial resilience in the region. However, the student-to-teacher ratio has increased to nearly 33 in 2023, which... Read more
Iron County Market Trends
Iron County has seen a significant rise in median home values from $165,900 in 2015 to $299,400 in 2022, indicating a potentially lucrative market for investors as it narrows the gap with Utah's state median of $408,500. There has also been a noticeable uptick in residential energy tax credits, peaking at $3,625.00 in 2021, suggesting an increased focus on energy-efficient home improvements. Real... Read more
Median Value of Occupied Housing Units in Iron County, Utah Over the Last 8 Years
Iron County has seen a significant increase in median home values over the last eight years, with values rising from $165,900 in 2015 to $299,400 in 2022. This growth could be potentially doubling the national median, which only moved from $125,500 to $179,400 in the same period. Although the county still trails behind the state of Utah's median value of $408,500 in 2022, the rapid increase suggests a strong local housing market that may offer lucrative opportunities for investors as it continues to narrow the gap. For those looking at Iron County, this trend hints at both accelerating property appreciation and a vibrant market dynamic.
Residential Energy Tax Credit Per Tax Return in Iron County, UT Over the Last 9 Years
Over the past nine years, Iron County, Utah has seen significant fluctuations in residential energy tax credits per tax return. Notably, there was a steep rise from $352.38 in 2013 to a peak of $3,625.00 in 2021. This trend points toward a growing investment in energy-efficient home improvements, likely driven by both increasing energy costs and available tax incentives. For potential investors or home builders, this could signal a community increasingly focused on sustainability and long-term savings from energy efficiency. Real estate agents and appraisers might also consider the impact of these energy tax credits on property values and buyer interest, as they could enhance the attractiveness of homes in the area.
Average Real Estate Taxes Per Tax Return in Iron County, UT Over the Last 10 Years
Iron County, Utah has experienced a noticeable growth in average real estate taxes over the last decade, with figures increasing from around $1,757.71 in 2012 to approximately $2,621.55 in 2021. The most significant leaps were observed between 2017 and 2018, and 2018 to 2019, when taxes rose from roughly $1,966.21 to $2,505.11 and then to $2,666.48 respectively. This upward trend may signal increasing property values, likely making it a crucial consideration for prospective investors, real estate professionals, and residents evaluating the long-term financial commitments of homeownership in the area.
Percentage of Farm Returns in Iron County, UT Over the Last 10 Years
Iron County, Utah has seen a fluctuating yet broadly declining trend in farm tax returns over the past decade. Farm returns, indicative of agricultural profitability, started at approximately 2.10% in 2012 and have generally dipped, reaching around 1.50% by 2021. Notably, 2018 and 2019 were particularly low years at roughly 1.64% and 1.65% respectively. This data could imply a gradual reduction in farm-generated income or a shift in economic focus within the region, potentially affecting investment decisions. For those interested in moving to, building property in, or investing in Iron County, understanding these trends might be crucial in assessing the long-term viability and economic health of agricultural activities in this area.
Number of Mortgages by Occupancy Type in Iron County, UT Over the Last 5 Years in Iron County
Iron County, Utah has seen fluctuations in mortgage counts over the past five years, particularly with principal residences dominating the market, peaking in 2020 and declining in subsequent years. Notably, investment property mortgages spiked in 2021 before dropping in 2022, indicating possible shifts in investor confidence or market conditions, while second residence mortgages followed a similar but less pronounced trend. Understanding these changes in occupancy type is crucial for stakeholders as it can indicate economic health, housing demand, and potential investment opportunities or risks. Appraisers and insurance agents might need to adjust their strategies based on these occupancy shifts, while potential investors and real estate agents could find these trends indicative of broader market dynamics, possibly influencing property development decisions in the area.
Economic Outlook
Iron County, Utah has seen a rising trend in average taxable income, which jumped from about $42,550.32 in 2013 to $64,376.58 by 2021. This economic boost suggests the region is becoming more financially resilient and attractive for investors and homebuyers. Additionally, state and local income taxes have increased from $3,894.54 in 2012 to $9,450.00 in 2021, indicating either higher fiscal pressures or better public services funding. The total tax liability per return also surged from... Read more
Average Taxable Income per Tax Return in Iron County, UT over the last 9 years
Over the last nine years, Iron County, Utah has seen a notable increase in average taxable income per tax return. Starting at approximately $42,550.32 in 2013, the figures have risen to about $64,376.58 by 2021. This upward trend signifies a robust economic growth, making the area increasingly appealing for potential investors, homebuyers, and real estate professionals. The increase in income could also impact property valuations and insurance considerations, reflecting a community that's likely becoming more affluent and financially resilient.
Average State and Local Income Taxes Per Tax Return in Iron County, UT Over the Last 10 Years
Over the last decade, Iron County, Utah has seen a noticeable rise in state and local income taxes per tax return, reflecting broader economic changes that might interest investors and prospective residents alike. From $3,894.54 in 2012 to $9,450.00 in 2021, this upward trend suggests increasing fiscal pressures or enhanced public services funding. This pattern is key for appraisers and insurance agents assessing property values and risk. Real estate agents might use this data to inform clients on shifting economic landscapes, while those considering building or moving to the area can better gauge potential financial commitments.
Average Total Tax Liability Per Tax Return in Iron County, UT Over the Last 10 Years
Over the past decade, Iron County, Utah has seen a notable increase in the average total tax liability per tax return. Starting at $5,277.40 in 2012, there has been a fluctuating yet upward trend, culminating in a significant rise to $9,122.99 in 2021. Particularly since 2017, the tax liability per return has consistently increased, with sharp jumps in 2020 and 2021. This trend may interest potential investors, new residents, and real estate professionals as it provides insights into the area's economic growth and possible implications for future property taxes and local government funding.
Cost of Living in Iron County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,349 | $1,395 | $2,065 | $1,494 | $1,523 |
| 1 adult 4 children | $1,349 | $1,140 | $1,575 | $1,494 | $1,641 |
| 2 adults 3 children | $1,349 | $1,140 | $1,793 | $1,494 | $1,274 |
| 1 adult 3 children | $1,349 | $931 | $1,304 | $1,494 | $1,386 |
| 2 adults 2 children | $982 | $933 | $1,522 | $1,301 | $1,009 |
| 1 adult 2 children | $982 | $697 | $1,032 | $1,301 | $1,002 |
| 2 adults 1 child | $982 | $738 | $1,251 | $674 | $888 |
| 1 adult 1 child | $982 | $476 | $761 | $674 | $741 |
| 2 adults | $807 | $593 | $979 | $0 | $678 |
| 1 adult | $657 | $323 | $490 | $0 | $569 |
Safety trends & Data
Property crime in Iron County, Utah displays some interesting fluctuations over the past five years. Larceny-theft peaked at 268 occurrences in 2019, dropped to 109 in 2021, and rose again to 183 in 2022. Vandalism arrests have nearly doubled from 23 in 2018 to 47 in both 2021 and 2022. Meanwhile, burglary incidents consistently declined from 35 in 2018 to just 7 in 2022, and motor vehicle thefts have remained low, fluctuating between 1 and 5. These trends might indicate improved community... Read more
Property Crime Trends in Iron County, UT Over the Last 5 Years
Property crime in Iron County, Utah has seen some notable trends over the past five years. Larceny-Theft remains the most frequent offense with a peak of 268 occurrences in 2019, though it dropped to 109 in 2021 before rising again to 183 in 2022. Vandalism arrests, while fluctuating, notably increased from 23 in 2018 to 47 in 2021 and 2022. Burglary incidents have shown a consistent decline, from 35 in 2018 down to 7 in 2022. Motor Vehicle Theft has stayed relatively low, with numbers fluctuating between 1 and 5 over the period. Such patterns may signal some improvements in community safety, but also highlight areas that still need attention, particularly for those in real estate and insurance sectors where understanding these trends can influence decisions and investments.
Demographics
Iron County, Utah's population presents a nearly equal gender distribution, which can contribute to a balanced social dynamic. In terms of education, most individuals have some college education but no degree, this may suggest potential for economic and professional growth if higher education becomes more accessible. The age distribution shows a significant proportion of the population is under 24, hinting at a youthful, possibly growing community. The racial makeup is predominantly White, with... Read more
Race Distribution in Iron County, Utah (2022)
Educational Attainment in Iron County, Utah (2022)
Age Distribution in Iron County, Utah
Citizen Population in Iron County, Utah (2022)
Political Trends & Data
Iron County, Utah, tends to be a strongly conservative area, evidenced by the 75.6% vote share for Republican candidates in the 2020 U.S. Presidential Election. This strong political leaning could play a role in shaping local policies and possibly affect decisions related to property development and community planning. Local real estate trends might reflect these political preferences, which could be of interest to potential investors or homebuyers considering the area's long-term growth and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Iron County, Utah, leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 75.6% of the votes. Democrats trailed significantly, capturing around 19.5%, while Libertarians and Green Party candidates garnered minimal support at roughly 2.7% and 0.3%, respectively. Voters aligning with other parties made up about 1.9%, highlighting a strong conservative preference in this region.
75.64% of voters voted for the Republican party in the 2020 Presidential Election
19.49% of voters voted for the Democrat party in the 2020 Presidential Election
2.65% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
1.91% of voters voted for the Other party in the 2020 Presidential Election
School Data
Iron County, Utah has seen its student-to-teacher ratio jump from 22 in 2014 to nearly 33 in 2023, which is significantly above the national average of 14 students per teacher. This trend might suggest growing strains on educational resources, potentially impacting property values and the desirability of the area for families. Real estate investors and appraisers may need to factor in these larger class sizes when assessing property in the region, as it could indicate challenges in local school... Read more
Student-to-teacher ratio in Iron County, Utah over the last 6 years
Iron County, Utah has seen a noteworthy trend in its student-to-teacher ratio over the last six years, with the ratio increasing from 22 in 2014 to nearly 33 in 2023. This shift indicates classrooms are becoming more crowded, significantly higher than the national average of 14 students per teacher. Investors, real estate agents, and those considering a move to the area might infer potential strain on educational resources and quality due to larger class sizes. This data could also influence appraisors and insurance agents assessing the community’s educational infrastructure. Building property in areas with rising student-to-teacher ratios may prompt considerations around the capacity of local schools to handle increased populations.
