Rich County Real Estate and Livability Trends
Rich County, Utah has seen a notable rise in median home values, jumping from $173,500 in 2015 to $272,900 in 2022, outpacing regional and national trends. This surge suggests attractive real estate investment prospects, though it's important to consider the historical volatility in real estate taxes, which peaked at $3,037.50 in 2020 before settling at $1,930.00 in 2021. Trends also show a... Read more
Rich County Market Trends
Rich County, Utah’s real estate market has seen substantial change over the past eight years, with median home values rising from $173,500 in 2015 to $272,900 in 2022, outpacing both national and state growth rates. Despite some fluctuations, this upward trend could signal robust investment opportunities. Notably, real estate taxes have been notably volatile, peaking at $3,037.50 in 2020 before... Read more
Median Value of Occupied Housing Units in Rich County, Utah Over the Last 8 Years
Over the past eight years, the median home value in Rich County, Utah, has shown substantial growth, rising from $173,500 in 2015 to $272,900 in 2022. This rate of appreciation, while impressive on its own, outpaces the national median, which increased from $125,500 to $179,400 during the same period. Interestingly, while Rich County's home values experienced fluctuations, such as a dip in 2017, the general upward trend aligns with Utah's overall housing market, where the state median surged from $215,900 in 2015 to $408,500 in 2022. This suggests that investing in property in Rich County could potentially yield significant returns, although it's worth considering the variability and comparing it to broader state and national trends.
Average Real Estate Taxes Per Tax Return in Rich County, UT Over the Last 10 Years
Over the last decade in Rich County, Utah, average real estate taxes per tax return have experienced notable volatility. Starting at approximately $1,263.00 in 2012, there was a steady climb with some fluctuations, peaking at around $3,037.50 in 2020 before dropping to $1,930.00 in 2021. This trend suggests a generally increasing tax burden on property owners, which could influence investment decisions, real estate value assessments, and insurance premiums in the area. For potential homebuyers or investors, understanding these shifts might be crucial for long-term financial planning and property valuation.
Percentage of Farm Returns in Rich County, UT Over the Last 10 Years
Over the past decade, farm tax returns in Rich County, Utah have exhibited some fluctuation, peaking at around 15.73% in 2015 before generally trending downward to 11.96% in 2021. Farm tax returns reflect the percentage of filed tax documents attributed to farming activities. This trend may suggest various factors, such as economic conditions, changes in agricultural revenue, or shifts in land use from farming to other purposes. Investors, property developers, and residents should consider these trends as indicative of the county's evolving economic landscape and potential changes in land valuation and usage.
Number of Mortgages by Occupancy Type in Rich County, UT Over the Last 5 Years in Rich County
Rich County, Utah, has seen some fluctuating trends in mortgage counts over the past five years, particularly with second residences consistently leading the count. In recent years, there's been an uptick in investment properties, suggesting a rising interest from property investors. Principal residences have experienced a more varied trend but still showcase somewhat stable growth in certain periods. These shifts can offer insight into demand dynamics for those eyeing real estate opportunities, as well as influence property appraisals and insurance rates. Builders and real estate agents might see opportunities in the growing segments, especially if investment properties continue to trend upwards.
Economic Outlook
Rich County, Utah has experienced a notable rise in taxable income per tax return over the past nine years, increasing from $46,267.05 in 2013 to about $73,809.90 in 2021. This upward trend is accompanied by a surge in average state and local income taxes, climbing from $3,872.00 in 2012 to $9,260.00 in 2021, which may reflect higher income levels or changes in tax policies. Additionally, the average total tax liability per tax return has also doubled, suggesting a robust local economy but also... Read more
Average Taxable Income per Tax Return in Rich County, UT over the last 9 years
Over the past nine years, Rich County, Utah has seen a notable upward trend in taxable income per tax return, with figures rising from $46,267.05 in 2013 to approximately $73,809.90 in 2021. This steady increase might indicate a growing prosperity in the area, making it potentially attractive for investors, real estate agents, insurance agents, and those considering moving or building property in the region. The sharp jump observed post-2017, especially with a significant rise in 2018, possibly signals economic developments or demographic shifts worth exploring further.
Average State and Local Income Taxes Per Tax Return in Rich County, UT Over the Last 10 Years
Over the last decade, Rich County, Utah has seen a noticeable upward trend in average state and local income taxes per tax return, with figures rising from $3,872.00 in 2012 to $9,260.00 in 2021. This surge, particularly sharp since 2017, could suggest increasing income levels or changes in tax policies, influencing decisions for those looking to invest, move, or assess property in the area. Real estate agents and appraisers might find these figures indicative of economic growth, while insurance agents may view them as indicators of evolving financial landscapes for their clients.
Average Total Tax Liability Per Tax Return in Rich County, UT Over the Last 10 Years
Over the last decade, Rich County, Utah has seen a steady increase in the average total tax liability per tax return. From $5,401.69 in 2012 to $11,296.05 in 2021, the consistent rise suggests a growing economic base or possibly higher earnings among its residents. While this trend could indicate a robust local economy, it also implies increased financial obligations for current and future taxpayers. For potential investors, real estate agents, and those considering a move to the area, this upward trend in tax liability might signal both economic growth and a corresponding rise in the cost of living.
Cost of Living in Rich County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,095 | $1,424 | $1,924 | $1,467 | $1,441 |
| 1 adult 4 children | $1,095 | $1,163 | $1,468 | $1,467 | $1,575 |
| 2 adults 3 children | $1,095 | $1,163 | $1,671 | $1,467 | $1,195 |
| 1 adult 3 children | $1,095 | $949 | $1,215 | $1,467 | $1,308 |
| 2 adults 2 children | $826 | $952 | $1,417 | $1,270 | $987 |
| 1 adult 2 children | $826 | $711 | $962 | $1,270 | $979 |
| 2 adults 1 child | $826 | $752 | $1,164 | $632 | $860 |
| 1 adult 1 child | $826 | $486 | $709 | $632 | $714 |
| 2 adults | $670 | $604 | $911 | $0 | $663 |
| 1 adult | $552 | $330 | $456 | $0 | $563 |
Safety trends & Data
Rich County, Utah has experienced fluctuating property crime trends over the past three years. Burglary incidents doubled from 1 to 2, while larceny-theft peaked at 6 in 2020 from a low of 3 in 2019. Notably, motor vehicle theft emerged with 4 reported cases in 2020, and vandalism was reported once in 2019. These changes could impact insurance rates, property values, and law enforcement policies, making current data essential for investors, real estate agents, and new... Read more
Property Crime Trends in Rich County, UT Over the Last 3 Years
Property crime in Rich County, Utah has seen fluctuating patterns over the past three years. Burglary incidents doubled from 1 to 2, while larceny-theft experienced a slight volatility, peaking at 6 in 2020 from a low of 3 in 2019. Noteworthy is the emergence of motor vehicle theft in 2020 with 4 reported cases, and vandalism appearing once in 2019. This dynamic landscape may influence insurance rates, property values, and law enforcement policies in the area, making up-to-date understanding crucial for investors, real estate agents, and new residents.
Demographics
Rich County, Utah shows a balanced gender composition with a nearly equal number of males and females. The county's age structure is punctuated by a significant number of children under 10, indicative of either growing family units or high birth rates. In terms of education, a substantial portion of the population has attended some college but hasn’t earned a degree, suggesting potential opportunities for adult education and professional training programs. With an overwhelmingly White... Read more
Race Distribution in Rich County, Utah (2022)
Educational Attainment in Rich County, Utah (2022)
Age Distribution in Rich County, Utah
Citizen Population in Rich County, Utah (2022)
Political Trends & Data
In Rich County, Utah, the 2020 U.S. Presidential Election results showed a strong Republican dominance, capturing approximately 84.5% of the votes. Democrats received around 13.1%, while other parties collectively garnered just over 1%. This could indicate broader regional political leanings and voter priorities that may influence local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rich County, Utah, the 2020 U.S. Presidential Election results hinted at a dominant Republican presence, with a significant majority of approximately 84.5% of the votes. Democrats seemed to garner limited support, capturing around 13.1% of the vote share. Lesser-known parties like the Libertarian and Green parties made minimal inroads, with even other fringe parties notching just over 1% combined. This trend might reflect broader regional political attitudes and potential voter priorities in the area.
84.51% of voters voted for the Republican party in the 2020 Presidential Election
13.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
1.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
Rich County, Utah, has seen its student-to-teacher ratio fluctuate around 16 students per teacher over the last six years, peaking at 16.42 in 2017 and dipping to 15.28 in 2020. As of 2023, it stands at 16.12, which is higher than the U.S. national average of 14 students per teacher. This trend may indicate larger class sizes, a valuable consideration for investors, developers, and families assessing the local education system’s... Read more
Student-to-teacher ratio in Rich County, Utah over the last 6 years
Over the last six years, Rich County, Utah, has experienced minor fluctuations in its student-to-teacher ratios, generally hovering around 16 students per teacher. In 2014, the ratio stood at approximately 16, peaked in 2017 at 16.42, and saw a slight dip to 15.28 in 2020. By 2023, the ratio had risen again to 16.12. Compared to the current U.S. national average of 14 students per teacher, Rich County's ratios tend to be higher, which could indicate larger class sizes. This is a valuable consideration for potential investors, developers, and families evaluating the local education system's capacity and effectiveness in supporting student learning.
