La Paz County Real Estate and Livability Trends
La Paz County, Arizona, exhibits robust economic growth with average taxable income per tax return rising from $34,046.74 in 2013 to $49,156.87 in 2021, suggesting potential for property development and business investment despite a rising cost of living. Median home values have increased from $69,100 in 2015 to $117,500 in 2022, indicating an emerging market. The county's focus on sustainable... Read more
La Paz County Market Trends
La Paz County, Arizona, has experienced a significant climb in median home values, jumping from $69,100 in 2015 to $117,500 in 2022, hinting at an emerging market with affordability relative to state and national medians. The steep rise in residential energy tax credits per tax return, from $550.00 in 2013 to $2,150.00 in 2021, suggests growing investments in energy-efficient upgrades, pointing... Read more
Median Value of Occupied Housing Units in La Paz County, Arizona Over the Last 8 Years
La Paz County, Arizona, has seen a substantial rise in median home values over the past eight years, climbing from $69,100 in 2015 to $117,500 in 2022. Though the county's home values remain below state and national averages—Arizona's median sitting at $321,400 and the U.S. at $179,400 in 2022—the rapid increase suggests a promising market for potential investors. Compared to the more moderate growth in state and national figures, La Paz County's spike, particularly noticeable from 2020 onward, could indicate emerging opportunities for those looking to capitalize on more affordable real estate with a strong upward trend.
Residential Energy Tax Credit Per Tax Return in La Paz County, AZ Over the Last 9 Years
Over the past nine years, La Paz County, Arizona has seen a significant increase in the average residential energy tax credit per tax return, rising from $550.00 in 2013 to $2,150.00 in 2021. This upward trend indicates growing investment in energy-efficient home improvements, suggesting a community that values sustainable living and is likely to continue incentivizing such upgrades. For investors and potential residents, this trend highlights a commitment to reducing environmental impact while potentially lowering long-term energy costs.
Average Real Estate Taxes Per Tax Return in La Paz County, AZ Over the Last 10 Years
In the past decade, La Paz County, Arizona has seen a notable increase in real estate taxes per tax return. Starting at approximately $2,368.89 in 2012, there’s been a general upward trend, reaching a significant peak of $4,700.00 in 2021. The years 2018 and 2019 showed sharp increases to $3,323.33 and $3,640.00, respectively, indicating possible shifts in the local property market or tax policies. These figures suggest that potential homeowners and investors should be aware of rising tax liabilities, which could impact overall affordability and investment returns in La Paz County.
Percentage of Farm Returns in La Paz County, AZ Over the Last 10 Years
Farm tax returns in La Paz County, Arizona reflect a fluctuating trend over the last decade, hovering between approximately 0.77% and 1.05%. These returns peaked in 2018 at around 1.05% but saw dips in intervening years, notably in 2016 and the recent years of 2020 and 2021, where it stabilized near 0.78%. For investors or property developers, this variability hints at the mixed economic health of the agricultural sector, impacting potential revenue from farmland investments. Those considering moving or building in La Paz County should be mindful of the local agricultural economy’s influence on broader market conditions.
Number of Mortgages by Occupancy Type in La Paz County, AZ Over the Last 5 Years in La Paz County
The mortgage landscape in La Paz County, Arizona over the past five years shows a considerable fluctuation in the number of mortgages, particularly for principal residences which peaked in 2021 at 655 and dropped to 427 in 2022. Investment properties consistently lag behind, but a small increase from 14 in 2019 to 35 in 2021 suggests a potential but sporadic interest. Second residences saw a notable rise in 2020 with 183, but dipped significantly in 2022 to 69. These shifts in occupancy types can signal changing demographics and market conditions, which are crucial for investors and real estate professionals to strategize accordingly. Appraisers and insurance agents should especially note these trends for risk assessment and property valuation.
Economic Outlook
La Paz County, Arizona has witnessed a consistent rise in average taxable income per tax return, escalating from $34,046.74 in 2013 to $49,156.87 in 2021. Residents have also experienced a significant uptick in state and local income taxes, with a noticeable spike to $10,226.32 in 2021. Over the past decade, the county's average total tax liability per tax return has similarly increased from $4,867.49 in 2012 to $6,967.52 by 2021. These trends indicate burgeoning economic vitality and potential... Read more
Average Taxable Income per Tax Return in La Paz County, AZ over the last 9 years
Over the past nine years, La Paz County, AZ has seen a steady increase in average taxable income per tax return, climbing from $34,046.74 in 2013 to $49,156.87 in 2021. This rising trend highlights the county's growing economic vitality, making it an attractive option for investors and prospective residents. The significant jump in 2021 further underscores potential opportunities for property development and business investments in the area.
Average State and Local Income Taxes Per Tax Return in La Paz County, AZ Over the Last 10 Years
Residents in La Paz County, AZ have seen fluctuations in their average state and local income taxes over the past decade, culminating in a significant rise in recent years. From a low of $3,172.86 in 2012, the average tax per return peaked dramatically in 2021 at $10,226.32. This sharp increase highlights a noteworthy shift in the financial landscape, likely impacting both current residents and those considering moving to the county.
Average Total Tax Liability Per Tax Return in La Paz County, AZ Over the Last 10 Years
Over the past decade, La Paz County, Arizona, has seen a steady increase in average total tax liability per tax return. Starting at around $4,867.49 in 2012, the tax liability has grown to $6,967.52 by 2021. Notably, a sharp rise began occurring from 2019 onwards, reflecting economic and likely population growth. This trend suggests increasing prosperity or higher living costs, making the county an intriguing area for investors and residents considering property development or relocation.
Cost of Living in La Paz County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,579 | $1,440 | $2,796 | $887 | $1,403 |
| 1 adult 4 children | $1,579 | $1,176 | $2,163 | $887 | $1,487 |
| 2 adults 3 children | $1,579 | $1,176 | $2,413 | $887 | $1,126 |
| 1 adult 3 children | $1,579 | $960 | $1,781 | $887 | $1,184 |
| 2 adults 2 children | $1,111 | $963 | $2,031 | $769 | $852 |
| 1 adult 2 children | $1,111 | $719 | $1,398 | $769 | $781 |
| 2 adults 1 child | $1,111 | $761 | $1,648 | $384 | $802 |
| 1 adult 1 child | $1,111 | $492 | $1,015 | $384 | $645 |
| 2 adults | $844 | $611 | $1,266 | $0 | $678 |
| 1 adult | $743 | $333 | $633 | $0 | $549 |
Safety trends & Data
In La Paz County, Arizona, property crime has seen a noteworthy decline over the past five years. Burglary arrests plummeted from 21.0 to 4.0, larceny-theft fell drastically from 162.0 to 18.0, and vandalism incidents dropped from 122.0 to 20.0. Although motor vehicle thefts have fluctuated, there appears to be a slight downward trend. These changes could hint at enhanced law enforcement and community vigilance, potentially making the area more attractive to new residents and... Read more
Property Crime Trends in La Paz County, AZ Over the Last 5 Years
Over the last five years in La Paz County, Arizona, property crime trends indicate a significant decline across multiple categories. Burglary arrests have dropped dramatically from 21.0 in 2018 to just 4.0 in 2022. Larceny-theft has also seen a sharp decrease from 162.0 arrests in 2018 to 18.0 in 2022. Notably, vandalism incidents have reduced over time, with numbers going from 122.0 to 20.0 in the same period. Meanwhile, motor vehicle thefts have remained relatively fluctuating but show a slight downward trend towards 2022. Such shifts could suggest improving law enforcement effectiveness and enhanced community awareness, making La Paz County potentially safer for new residents and investors alike.
Demographics
In La Paz County, Arizona, the adult population appears to be almost evenly split between males and females. Educational attainment is diverse, with the largest segment being high school graduates or equivalent. The age distribution suggests a notably aging population, particularly those aged 65 and older. Racially, the county seems to be predominantly White, with a significant representation of American Indian and Alaska... Read more
Race Distribution in La Paz County, Arizona (2022)
Educational Attainment in La Paz County, Arizona (2022)
Age Distribution in La Paz County, Arizona
Citizen Population in La Paz County, Arizona (2022)
Political Trends & Data
La Paz County, Arizona, showcased a strong Republican presence in the 2020 U.S. Presidential Election, with approximately 69% of the vote going Republican. Democrats secured about 30%, while Libertarians had a minimal influence at just over 1%. The significant Republican majority could impact local and national election strategies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In La Paz County, Arizona, the 2020 U.S. Presidential Election results appear to heavily lean Republican, with the party capturing nearly 69% of the vote. Democrats garnered around 30%, while Libertarians seemed to have a minimal impact, securing just over 1%. This distribution suggests that La Paz County has a strong Republican presence, which may influence future local and national elections.
68.77% of voters voted for the Republican party in the 2020 Presidential Election
29.98% of voters voted for the Democrat party in the 2020 Presidential Election
1.25% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
La Paz County, Arizona's student-to-teacher ratio has seen considerable variation over the past decade, peaking at 20 students per teacher in 2018 and dropping to 13 in 2022, with a slight increase to 14 in 2023. These fluctuations affect educational quality, impacting class sizes and individual attention, which could, in turn, influence local real estate values and the attractiveness of the community to potential new... Read more
Student-to-teacher ratio in La Paz County, Arizona over the last 10 years
La Paz County, Arizona has shown significant variation in its student-to-teacher ratio over the past decade. Notably, the ratio peaked at 20 students per teacher in 2018 and has since trended downward, reaching a low of 13 in 2022, before slightly rebounding to 14 in 2023. Despite these fluctuations, the current ratio is now closer to, and even slightly better than, the national average of 14 students per teacher. These changes can impact educational quality, affecting everything from class size to the level of individualized attention students receive, which in turn could influence local real estate values and communities' attractiveness to potential newcomers.
