Tooele County Real Estate and Livability Trends
Tooele County, Utah has seen median home values soar from $177,700 in 2015 to $343,900 in 2022, outpacing national growth and highlighting its rising market appeal. The county's economic profile shows robust growth, with average taxable income climbing from $53,388.64 in 2013 to $70,840.83 in 2021, although the increasing poverty rate of 5.7% in 2022 might signal underlying economic challenges.... Read more
Tooele County Market Trends
Median home values in Tooele County, Utah have jumped from $177,700 in 2015 to $343,900 in 2022. This outsized growth, compared with more modest national increases, underscores Tooele's rising appeal within Utah's real estate market. Similarly, residential energy tax credits have surged, peaking at $3794.29 in 2018, indicating strong interest in sustainability. Real estate taxes in the county... Read more
Median Value of Occupied Housing Units in Tooele County, Utah Over the Last 8 Years
Over the last eight years, the median home values in Tooele County, Utah have seen a sharp increase, escalating from $177,700 in 2015 to $343,900 in 2022. Compared to the state-wide trend in Utah, which experienced growth from $215,900 to $408,500, Tooele County remains more affordable but shows robust growth. Nationally, housing values rose more modestly from $125,500 to $179,400 in the same period. This makes Tooele County an intriguing option for investors and homebuyers looking for significant value appreciation within Utah's dynamic market.
Residential Energy Tax Credit Per Tax Return in Tooele County, UT Over the Last 9 Years
Over the past nine years, the average residential energy tax credit per tax return in Tooele County, Utah, has displayed significant growth, peaking at $3794.29 in 2018 before seeing some fluctuations. Early years showed a gradual increase, but the most notable jumps began around 2015, reaching over $3388.73 by 2017. Despite a dip to $2293.44 in 2019, the trend seems to suggest sustained interest in energy-efficient improvements, likely appealing to investors, homeowners, and builders who prioritize long-term savings and sustainability. This evolving financial incentive landscape can serve as a critical factor for real estate decisions and appraisals in the area.
Average Real Estate Taxes Per Tax Return in Tooele County, UT Over the Last 10 Years
Over the last decade, Tooele County, Utah, has seen a notable upward trend in average real estate taxes per tax return, rising from around $1,544.56 in 2012 to $3,314.79 in 2021. The significant increases particularly from 2017 onward could signify robust development and increasing property valuations. This might be of interest to potential investors and real estate agents as it suggests a growing local market. Similarly, insurance agents and appraisers should consider these trends in underwriting and property evaluations. For those looking to build, understanding these trends could impact long-term property expenses.
Percentage of Farm Returns in Tooele County, UT Over the Last 10 Years
Farm tax returns in Tooele County, Utah, have generally been on a downward trend over the last decade, dipping from around 1.63% in 2012 to roughly 1.21% in 2021 with minor fluctuations. This trend could potentially point to fewer active agricultural enterprises or changes in farm profitability and operations within the county. This data matters for investors and potential residents because it may reflect broader economic shifts, land use changes, or evolving agricultural policies.
Number of Mortgages by Occupancy Type in Tooele County, UT Over the Last 5 Years in Tooele County
Tooele County, Utah, has seen a notable fluctuation in the number of mortgages across various occupancy types over the past five years, with a dominant trend toward principal residences. The number of principal residence mortgages peaked in 2020 at 12,103 before declining significantly in 2022 to 7,233. Investment property mortgages, while comparatively smaller in number, also experienced variation, peaking in 2021 at 337 and then falling to 197 in 2022. Changes in occupancy type can impact market dynamics, with high principal residence mortgages indicating a stable, family-oriented community, potentially leading to lower rental yields for investors. For appraisers and insurance agents, these shifts might suggest evolving risk profiles and property value trends. Real estate agents and developers would find these insights valuable for targeted marketing and strategic development.
Economic Outlook
Tooele County, Utah has experienced a significant rise in average taxable income per tax return, climbing from $53,388.64 in 2013 to $70,840.83 in 2021, potentially pointing to economic growth and stable employment. The average state and local income taxes have also risen, reaching $6,909.51 in 2021, which may reflect higher incomes but could mean increased living costs. Additionally, the total tax liability has seen a steady increase, suggesting growing income levels or local economic changes.... Read more
Average Taxable Income per Tax Return in Tooele County, UT over the last 9 years
Over the past nine years, Tooele County, Utah has seen a consistent increase in average taxable income per tax return, rising from around $53,388.64 in 2013 to approximately $70,840.83 in 2021. This nearly $17,452.19 increase suggests positive economic growth, which could be appealing for potential investors and real estate agents. For those considering moving or building here, the upwards trend may also signal a strengthening local economy and potentially stable employment opportunities. Insurance agents and appraisers might be particularly interested in these figures as they may indicate rising property values and insurance needs.
Average State and Local Income Taxes Per Tax Return in Tooele County, UT Over the Last 10 Years
Over the past decade, Tooele County, Utah has seen a notable upward trend in the average state and local income taxes per tax return, increasing from around $4,003.94 in 2012 to approximately $6,909.51 in 2021. This rise in tax expenses could reflect broader economic growth or increased incomes within the area. Investors and prospective residents might view this as a sign of economic vitality but should consider potential higher living costs. Real estate agents, appraisers, and insurance agents should take into account these changes, as they might impact property values and insurance premiums.
Average Total Tax Liability Per Tax Return in Tooele County, UT Over the Last 10 Years
Over the past decade, Tooele County, Utah, has seen a steady increase in the average total tax liability per tax return, with figures rising from $6,054.80 in 2012 to $9,022.93 by 2021. This upward trend, especially the sharp spike in 2021, might signal growing income levels or changes in the local economy, making it a potentially attractive area for investors and real estate agents. However, higher tax liabilities can also impact affordability, which is crucial for prospective homeowners and those looking to relocate.
Cost of Living in Tooele County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,520 | $1,347 | $1,693 | $1,620 | $1,503 |
| 1 adult 4 children | $1,520 | $1,100 | $1,289 | $1,620 | $1,661 |
| 2 adults 3 children | $1,520 | $1,101 | $1,472 | $1,620 | $1,280 |
| 1 adult 3 children | $1,520 | $898 | $1,068 | $1,620 | $1,437 |
| 2 adults 2 children | $1,114 | $901 | $1,251 | $1,410 | $1,013 |
| 1 adult 2 children | $1,114 | $673 | $847 | $1,410 | $1,048 |
| 2 adults 1 child | $1,114 | $712 | $1,030 | $728 | $895 |
| 1 adult 1 child | $1,114 | $460 | $626 | $728 | $794 |
| 2 adults | $846 | $572 | $809 | $0 | $670 |
| 1 adult | $745 | $312 | $404 | $0 | $593 |
Safety trends & Data
Over the last five years, Tooele County, Utah has experienced notable fluctuations in property crime rates. Larceny-theft, which peaked at 348 incidents in 2019, remains the most frequent type of property crime. Burglary cases reached their highest at 52 in 2022, while vandalism incidents spiked in both 2019 and 2022. Although motor vehicle thefts are relatively stable, erratic trends in fraud and forgery could impact property investment decisions, insurance assessments, and real estate pricing... Read more
Property Crime Trends in Tooele County, UT Over the Last 5 Years
Over the last five years, Tooele County, Utah has seen notable fluctuations in property crimes. Larceny-theft consistently tops the list in frequency, peaking at 348 incidents in 2019 before decreasing. Burglary cases show variability, reaching a high of 52 in 2022. Vandalism incidents spiked in 2019 and 2022, indicating a potential issue for property investors and insurers. Motor vehicle thefts remain relatively stable but low, unlike the more erratic trends observed in fraud and forgery cases. These trends may influence decisions related to property investments, insurance assessments, and real estate pricing in the county.
Demographics
Tooele County, Utah, exhibits a close gender balance among adults, with males only slightly outnumbering females. Educational attainment leans heavily toward high school graduates and individuals with some college education, suggesting a workforce that's fairly educated but might benefit from higher degree completion rates. The age distribution shows a youthful population, particularly those under 34, indicating potential for long-term growth and economic contributions. Racially, the county is... Read more
Race Distribution in Tooele County, Utah (2022)
Educational Attainment in Tooele County, Utah (2022)
Age Distribution in Tooele County, Utah
Citizen Population in Tooele County, Utah (2022)
Political Trends & Data
Tooele County, Utah, demonstrated a pronounced Republican lean in the 2020 U.S. Presidential Election, with nearly two-thirds of the votes. About 28% went to Democrats, highlighting a notable yet distant second. Minor parties like the Libertarians and the Green party had minimal impact. This political inclination could suggest broader sentiment patterns within the county, potentially influencing upcoming local and state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tooele County, Utah, exhibited a strong inclination toward the Republican party in the 2020 U.S. Presidential Election, with votes around two-thirds of the total. Democrats received nearly 28%, indicating a significant but distant second preference. Minor parties like the Libertarians and the Green party garnered minimal support, suggesting limited influence in this region. This voting pattern might reflect broader political sentiments within the county, possibly impacting future local and state elections.
66.70% of voters voted for the Republican party in the 2020 Presidential Election
28.39% of voters voted for the Democrat party in the 2020 Presidential Election
3.04% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
1.62% of voters voted for the Other party in the 2020 Presidential Election
School Data
Tooele County, Utah's rising student-to-teacher ratio, increasing from about 20 students per teacher in 2014 to nearly 45 in 2023, might indicate overcrowded classrooms and could potentially affect property values and demand, as families may prefer areas with lower ratios. This trend, significantly above the national average of 14 students per teacher, may also be relevant for insurance agents and appraisers, given its possible impact on school funding and community... Read more
Student-to-teacher ratio in Tooele County, Utah over the last 6 years
Tooele County, Utah has seen a notable increase in its student-to-teacher ratio over the past six years, starting at approximately 20 students per teacher in 2014 and escalating to nearly 45 students per teacher in 2023. This rising ratio might signal overcrowded classrooms, which could impact the quality of education and individual student attention. For potential investors and real estate agents, this trend could influence property values and demand as families may prioritize areas with lower student-to-teacher ratios. Insurance agents and appraisers might also find this data relevant as it could affect school funding and community development. Compared to the national average of 14 students per teacher, Tooele County's figures are significantly higher, suggesting potential challenges in the local education system.
