Gila County Real Estate and Livability Trends
Gila County, Arizona has seen a dramatic rise in median home values, jumping from $134,200 in 2015 to $222,500 in 2022, all while staying well below the state median of $321,400. Tax credits for residential energy surged to $3,230.23 in 2021, indicating a push towards sustainable living. Property and income taxes have risen significantly over the past decade, with state and local income taxes... Read more
Gila County Market Trends
Gila County, Arizona's real estate market has experienced significant growth, with median home values leaping from $134,200 in 2015 to $222,500 in 2022. Despite this surge, homes remain substantially more affordable compared to the broader state median of $321,400. Interestingly, tax credits for residential energy have skyrocketed, reaching $3,230.23 in 2021, reflecting a trend towards... Read more
Median Value of Occupied Housing Units in Gila County, Arizona Over the Last 8 Years
The Gila County, Arizona real estate market has seen robust growth in median home values over the past eight years, jumping from $134,200 in 2015 to $222,500 in 2022. While this rise might seem significant, it's worth noting that Gila County homes remain more affordable compared to the broader state of Arizona, where the median value reached $321,400 in 2022. Interestingly, Gila County's market has also outpaced the national average—$179,400 in 2022—suggesting potential appeal for investors seeking growth without the premium costs seen in larger urban settings. For those considering moving or investing here, this trend indicates a growing market with ongoing opportunities, balancing affordability and appreciation.
Residential Energy Tax Credit Per Tax Return in Gila County, AZ Over the Last 9 Years
Over the past nine years, Gila County, Arizona has seen significant fluctuations in average residential energy tax credits per tax return. Starting at $540.00 in 2013, the credit peaked impressively at $3,230.23 in 2021. Investors and residents should note this dramatic increase, which reflects a growing trend toward energy efficiency and sustainable living. This spike in tax credits might indicate favorable policy changes or increased adoption of renewable energy technologies within the county, making it a potentially attractive area for green investments and sustainable development.
Average Real Estate Taxes Per Tax Return in Gila County, AZ Over the Last 10 Years
Over the last decade, Gila County, Arizona has seen a gradual increase in average real estate taxes per tax return, from around $2,270.55 in 2012 to approximately $3,683.94 in 2021. Noteworthy spikes occurred between 2017 and 2018 and 2019 to 2020, with real estate taxes jumping notably from $2,558.08 to $3,127.43 and from $3,202.34 to $3,715.07 respectively. This trend could potentially indicate increasing property values or changing tax policies, which can impact long-term investment decisions. Understanding these patterns can help both current and prospective property owners anticipate future financial commitments in the region.
Percentage of Farm Returns in Gila County, AZ Over the Last 10 Years
In Gila County, Arizona, the percentage of farm returns over the past decade has shown a gradual decline, starting from around 0.70% in 2012 and dropping to roughly 0.55% in 2021. Farm tax returns refer to the filings made by farm operations for tax purposes and can provide insight into the agricultural activity within the area. While the changes may seem slight, they could indicate shifting dynamics in local farming, potentially influencing investment and development opportunities in Gila County.
Number of Mortgages by Occupancy Type in Gila County, AZ Over the Last 5 Years in Gila County
Mortgages for principal residences in Gila County, Arizona have shown fluctuations, with a notable peak in 2021 followed by a decline in 2022. Investment properties and second residences exhibit less volatility but have generally trended upward. These changes in occupancy types could indicate shifts in housing demand and investment patterns. For potential investors, understanding these dynamics helps anticipate market conditions. Real estate agents and appraisers might see varying demand levels affecting property values and sales strategies. Insurers can adjust risk assessments, while builders use these insights to tailor residential projects. Overall, these trends provide a window into the local housing market's health and future directions.
Economic Outlook
Over the past nine years, Gila County, Arizona has experienced a steady rise in average taxable income per tax return, with a notable jump to $63,526.95 in 2021. State and local income taxes have surged dramatically over the last decade, from $3,526.03 in 2012 to $8,863.11 in 2021, particularly between 2018 and 2021. Similarly, the average total tax liability per tax return has increased from $6,329.04 in 2012 to $9,346.81 in 2021. While this underscores growing economic prosperity and a robust... Read more
Average Taxable Income per Tax Return in Gila County, AZ over the last 9 years
Over the past nine years, Gila County, AZ has seen a steady rise in average taxable income per tax return, highlighted by a notable jump in 2021 to $63,526.95. This trend indicates increasing economic prosperity and offers promising signals for potential investors and prospective homeowners. For developers, the consistent growth in taxable income suggests a stable economic environment, making it an attractive area for new projects.
Average State and Local Income Taxes Per Tax Return in Gila County, AZ Over the Last 10 Years
State and local income taxes per tax return in Gila County, AZ have seen a substantial increase over the last decade, surging from $3,526.03 in 2012 to $8,863.11 in 2021. The most dramatic rises occurred from 2017 onwards, with tax values skyrocketing particularly between 2018 and 2021. This significant escalation in tax rates may influence household budget planning and could be a crucial factor for individuals considering relocation to the area.
Average Total Tax Liability Per Tax Return in Gila County, AZ Over the Last 10 Years
Over the last decade, Gila County, Arizona has seen a significant rise in the average total tax liability per tax return, with the amount increasing from $6,329.04 in 2012 to $9,346.81 in 2021. This upward trend, especially the sharp increase from 2020 to 2021, reflects growing financial contributions from residents, potentially driven by rising incomes or enhanced economic activities. For investors and prospective residents, this data highlights the county's evolving economic landscape and signals a robust tax base which may influence property values and public services.
Cost of Living in Gila County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,517 | $1,428 | $1,817 | $1,285 | $1,183 |
| 1 adult 4 children | $1,517 | $1,166 | $1,407 | $1,285 | $1,298 |
| 2 adults 3 children | $1,517 | $1,166 | $1,568 | $1,285 | $945 |
| 1 adult 3 children | $1,517 | $952 | $1,158 | $1,285 | $1,052 |
| 2 adults 2 children | $1,100 | $955 | $1,318 | $1,127 | $760 |
| 1 adult 2 children | $1,100 | $713 | $908 | $1,127 | $731 |
| 2 adults 1 child | $1,100 | $755 | $1,069 | $615 | $717 |
| 1 adult 1 child | $1,100 | $487 | $659 | $615 | $614 |
| 2 adults | $836 | $606 | $820 | $0 | $575 |
| 1 adult | $830 | $331 | $410 | $0 | $529 |
Safety trends & Data
Gila County, Arizona has experienced notable fluctuations in property crime over the past five years. Larceny-theft incidents peaked in 2018 with 277 cases but drastically dropped to 54 by 2021, before rising slightly to 152 in 2022. Vandalism, however, remained consistently high, especially in 2020 with 150 incidents. Burglary rates saw a significant decrease from 79 in 2018 to 26 by 2021. These trends could reflect shifts in security measures or economic factors, offering potential investors... Read more
Property Crime Trends in Gila County, AZ Over the Last 5 Years
Gila County, Arizona has seen notable variability in property crime trends over the last five years. Larceny-theft, despite peaking in 2018 with 277 incidences, considerably dropped to 54 in 2021 before slightly increasing again in 2022 to 152. Vandalism remained consistently high, especially in 2020 with a peak of 150 incidents. Interestingly, burglary rates decreased significantly from 79 in 2018 to 26 in 2021, suggesting improved security measures or economic factors at play. For potential investors or residents, these fluctuations offer a nuanced picture of the area's safety and preventative measures being implemented.
Demographics
Gila County, Arizona's population dynamics reveal intriguing trends. The male and female populations are almost equal, showing a balanced gender distribution. Educational attainment suggests a majority have completed high school, but fewer have achieved higher degrees, indicating potential gaps in higher education opportunities. Age distribution highlights a significant portion of residents aged 55 and above, pointing to an aging population which may impact healthcare and retirement services.... Read more
Race Distribution in Gila County, Arizona (2022)
Educational Attainment in Gila County, Arizona (2022)
Age Distribution in Gila County, Arizona
Citizen Population in Gila County, Arizona (2022)
Political Trends & Data
Gila County, Arizona showed a strong leaning towards the Republican party in the 2020 Presidential Election, with about two-thirds of the vote going GOP. The Democrats captured roughly a third, indicating a clear preference but not an overwhelming dominance. Libertarian support was minimal, slightly above 1%, and other parties barely registered. These voting tendencies could hint at regional or demographic influences shaping political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gila County, Arizona saw a significant majority of support for the Republican party in the 2020 U.S. Presidential Election, with around two-thirds of voters casting their ballots for the GOP. Meanwhile, the Democratic party garnered roughly a third of the vote, suggesting a clear but not overwhelming preference for Republican candidates. Libertarian support was minimal, barely surpassing 1%, and no notable support was evident for the Green party or other parties. This voting pattern might reflect prevailing regional attitudes or demographic factors influencing political preferences.
66.43% of voters voted for the Republican party in the 2020 Presidential Election
32.33% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Gila County, Arizona has experienced significant shifts in its student-to-teacher ratio over the past decade, ranging from nearly twenty-two students per teacher in 2014 to around fifteen in 2021. These ratios often exceed the national average of fourteen, suggesting larger class sizes that could influence local teaching dynamics and resource distributions. This pattern may be important for investors and potential movers, as it points to the quality of education and community appeal. Elevated... Read more
Student-to-teacher ratio in Gila County, Arizona over the last 10 years
Gila County, Arizona has seen notable fluctuations in its student-to-teacher ratio over the past decade, varying from a high of nearly twenty-two students per teacher in 2014 to a low of around fifteen in 2021. This ratio primarily remains above the current national average of fourteen students per teacher, indicating potentially larger class sizes and, consequently, different teaching dynamics and resource allocation compared to other parts of the United States. Understanding these trends could be crucial for prospective investors, real estate agents, or anyone considering moving to the area, as it affects the quality of education and overall appeal of the community. Additionally, larger class sizes could impact appraisals and insurance assessments, as higher student-to-teacher ratios might correlate with different community needs and infrastructure requirements.
