Sanpete County Real Estate and Livability Trends
Sanpete County, Utah has seen a substantial rise in average taxable income per tax return, climbing from roughly $41,935.83 in 2013 to around $61,825.87 in 2021, with the most marked increase between 2020 and 2021. Concurrently, median home values have soared from $164,400 in 2015 to $268,600 in 2022, hinting at strong market potential and possible difficulties for first-time buyers. Meanwhile,... Read more
Sanpete County Market Trends
Sanpete County, Utah has seen a striking rise in median home values, jumping from $164,400 in 2015 to $268,600 in 2022, outpacing national trends. Although median home values here still trail Utah's state average of $408,500, this rapid appreciation hints at strong market potential and possible challenges for first-time buyers. Residential Energy Tax Credits per tax return have fluctuated but... Read more
Median Value of Occupied Housing Units in Sanpete County, Utah Over the Last 8 Years
Sanpete County, Utah, has experienced a significant surge in median home values over the last 8 years, with prices rising from $164,400 in 2015 to $268,600 in 2022. This local trend outpaces the national median, which went from $125,500 to $179,400 in the same period. Despite this growth, Sanpete County's median home values still trail Utah's statewide figures, where values jumped from $215,900 to $408,500. This rapid appreciation suggests a robust market, potential for investment, or challenges for first-time homebuyers looking to enter the market.
Residential Energy Tax Credit Per Tax Return in Sanpete County, UT Over the Last 9 Years
Sanpete County, Utah has seen notable fluctuations in Residential Energy Tax Credits per tax return over the last nine years, reflecting a broader trend of investment in energy efficiency. In 2013, the credit averaged $495.45, dropped to $423.81 in 2014, before surging to $2006.67 by 2017. A peak of $3328.57 was recorded in 2018, likely indicating a spike in energy-efficient retrofits or new builds. Though there was a dip to $1615.38 in 2019, credits remained relatively high afterward, ending at $1913.64 in 2021. This progression could suggest growing local interest in sustainable living practices or responsive policies incentivizing energy efficiency measures.
Average Real Estate Taxes Per Tax Return in Sanpete County, UT Over the Last 10 Years
Sanpete County, Utah has seen a gradual yet significant rise in average real estate taxes per tax return over the last decade, climbing from approximately $1,559.36 in 2012 to $2,757.83 in 2021. This increasing trend signifies potential changes in property values and local government levies, which are essential factors for investors, prospective homeowners, and real estate professionals to consider. Appraisers and insurance agents may also find these figures crucial when assessing property worth and policy premiums.
Percentage of Farm Returns in Sanpete County, UT Over the Last 10 Years
Sanpete County, Utah has experienced subtle, yet notable fluctuations in the percentage of farm tax returns over the past decade. Starting at 7.60% in 2012, there's a slight dip to around 7.46% in 2013, a small peak in 2014 at 7.69%, and minor oscillations through 2017. However, a visible decline occurs from 2018 onwards, falling to roughly 6.17% by 2019 and stabilizing near 6.24% by 2021. For investors, property developers, or prospective residents, these trends might indicate shifting agricultural viability or changing economic focus in the region. Understanding these figures can be pivotal, as farm tax returns often reflect broader economic health and potential opportunities in rural areas.
Number of Mortgages by Occupancy Type in Sanpete County, UT Over the Last 5 Years in Sanpete County
Over the past five years in Sanpete County, Utah, mortgage counts for principal residences have consistently outpaced those for investment and second residences, peaking in 2020 before a noticeable decline. Changes in the distribution of mortgage types could indicate shifts in local housing market dynamics or economic factors. For potential investors, the modest but maintained interest in investment properties could suggest untapped opportunities. Those considering relocation may find that high mortgage activity for principal residences reflects community stability or appeal. Appraisers and insurance agents might need to consider these trends in their valuations and risk assessments. Real estate agents and builders should stay alert to these shifts to better cater to evolving housing demands.
Economic Outlook
Sanpete County, Utah has seen a steady rise in average taxable income per tax return over the past nine years, growing from roughly $41,935.83 in 2013 to around $61,825.87 in 2021, with the most significant increase between 2020 and 2021. Concurrently, average state and local income taxes per tax return have nearly doubled over the past decade, suggesting a higher cost of living and potential economic vibrancy. Additionally, average total tax liability per tax return has seen notable jumps,... Read more
Average Taxable Income per Tax Return in Sanpete County, UT over the last 9 years
Sanpete County, Utah has experienced a steady increase in average taxable income per tax return over the last nine years. Starting at approximately $41,935.83 in 2013, there has been consistent growth, culminating in an average of around $61,825.87 in 2021. Notably, the most significant leap occurred between 2020 and 2021. These trends may suggest healthy economic growth and an improving financial landscape, potentially making it an attractive area for investors, real estate developers, and future residents.
Average State and Local Income Taxes Per Tax Return in Sanpete County, UT Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Sanpete County, Utah have seen a notable increase. In 2012, the average was approximately $3,806.84 and has steadily climbed to around $8,439.08 by 2021. This upward trend suggests a growing tax burden for residents, which might influence decisions for potential investors, homebuyers, appraisers, and real estate agents regarding the economic climate and cost of living in the area. This increase could be attributed to several factors, including economic growth, policy changes, or enhanced public services funding, impacting overall financial planning and investment considerations in the county.
Average Total Tax Liability Per Tax Return in Sanpete County, UT Over the Last 10 Years
Over the past decade, Sanpete County, Utah has experienced notable fluctuations in average total tax liability per tax return. Starting at $5,671.61 in 2012, the figure saw minor declines and rebounds, stabilizing around the $5,800 mark from 2015 to 2019. However, there's a significant spike observed in recent years, jumping dramatically to $6,802.56 in 2020 and $8,638.65 in 2021. This trend could suggest economic growth or changes in tax policy affecting residents and should be of particular interest to investors, real estate agents, and insurers analyzing the area's financial health and property market dynamics.
Cost of Living in Sanpete County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,038 | $1,359 | $2,063 | $1,467 | $1,401 |
| 1 adult 4 children | $1,038 | $1,110 | $1,574 | $1,467 | $1,523 |
| 2 adults 3 children | $1,038 | $1,110 | $1,792 | $1,467 | $1,158 |
| 1 adult 3 children | $1,038 | $907 | $1,303 | $1,467 | $1,257 |
| 2 adults 2 children | $853 | $909 | $1,521 | $1,270 | $991 |
| 1 adult 2 children | $853 | $679 | $1,032 | $1,270 | $980 |
| 2 adults 1 child | $853 | $718 | $1,250 | $632 | $865 |
| 1 adult 1 child | $853 | $464 | $761 | $632 | $718 |
| 2 adults | $648 | $577 | $979 | $0 | $652 |
| 1 adult | $571 | $315 | $489 | $0 | $568 |
Safety trends & Data
Sanpete County, Utah's property crime trends reveal some key insights for investors and residents. Burglary incidents drastically dropped from 10 in 2018 to just 1 by 2020, indicating improving security measures. Larceny-theft, though consistently the most frequent crime, peaked at 42 cases in 2018. Motor vehicle theft remained low, averaging 1 to 2 incidents annually. Vandalism showed variability, peaking at 30 in 2018, while fraud cases stayed relatively minor. These crime patterns provide a... Read more
Property Crime Trends in Sanpete County, UT Over the Last 5 Years
Sanpete County, Utah has seen a consistent fluctuation in property crime over the past five years. While burglary incidents peaked at 10 in 2018 and dropped to just 1 by 2020, larceny-theft has remained the most frequent with a notable high of 42 cases in 2018. Motor vehicle theft remained relatively low throughout the period, hovering around 1 to 2 incidents per year. Vandalism incidents showed some variability with a peak of 30 in 2018, while fraud cases saw slight changes but remained generally low. These trends might be of interest to potential investors, real estate agents, and residents considering the overall safety and property risks associated with living or doing business in the county.
Demographics
Sanpete County, Utah's population skews slightly male, with a near-equal gender distribution that suggests diverse community needs. Educational attainment is varied, with a notable number of residents having completed high school and some college, though fewer hold higher degrees. The age distribution indicates a significant portion of younger residents, creating both opportunities and challenges for local services and educational institutions. The racial composition is predominantly white,... Read more
Race Distribution in Sanpete County, Utah (2022)
Educational Attainment in Sanpete County, Utah (2022)
Age Distribution in Sanpete County, Utah
Citizen Population in Sanpete County, Utah (2022)
Political Trends & Data
In Sanpete County, Utah, the 2020 U.S. Presidential Election likely reflected a strong conservative leaning, with the Republican party capturing around 83% of the vote share and the Democratic party getting roughly 14%. This conservative preference is consistent with broader state trends, where Republican candidates usually see overwhelming support. Minor parties like the Libertarians and Greens managed to collect only a small fraction of the votes, reinforcing the dominance of the two major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sanpete County, Utah, the 2020 U.S. Presidential Election likely saw a significant majority of votes going to the Republican party, with around 83% of the vote share. The Democratic party captured roughly 14%, suggesting a strong conservative preference. Minor parties such as the Libertarians and Greens managed to garner only a small fraction of the overall votes. This aligns with broader state trends where conservative candidates typically perform well.
82.84% of voters voted for the Republican party in the 2020 Presidential Election
14.21% of voters voted for the Democrat party in the 2020 Presidential Election
1.70% 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
1.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sanpete County, Utah has seen its student-to-teacher ratio drop from around 29 students per teacher in 2014 to about 19 students per teacher by 2023, edging closer to the national average of 14. This trend could sweeten the deal for potential real estate investors and families eyeing the area, suggesting improving educational resources and the promise of better student performance. Real estate agents can leverage this shift to highlight the benefits of the local school system, while appraisers... Read more
Student-to-teacher ratio in Sanpete County, Utah over the last 6 years
Sanpete County, Utah has experienced a noticeable shift in its student-to-teacher ratio over the last six years, starting from a high of around 29 students per teacher in 2014 and dropping to approximately 19 students per teacher by 2023. This decline aligns the county closer to the current U.S. national average of 14 students per teacher, but it still indicates larger class sizes compared to the rest of the country. These changes are particularly significant for those considering investing in the area, as lower student-to-teacher ratios could suggest improving educational resources and potential for enhanced student performance, making the region more attractive for families and educators. Real estate agents might find this trend helpful when advising clients about the benefits of moving to the area, while appraisers and insurance agents could consider the quality of local education in their assessments and policies.
