Pima County Real Estate and Livability Trends
Pima County, Arizona's real estate market reveals an intriguing picture of economic and lifestyle changes. With median home values skyrocketing from $159,900 in 2015 to $258,300 in 2022, it suggests a strong demand and a promising investment scene. Simultaneously, rising real estate taxes signal increased property values and development. Notably, a decline in farm tax returns might indicate a... Read more
Pima County Market Trends
Pima County, Arizona has seen a significant rise in median home values, jumping from $159,900 in 2015 to $258,300 in 2022, outpacing both national and state averages. This trend points to strong local demand and investment potential. Simultaneously, there's been an increase in average residential energy tax credits, from $668.81 in 2013 to $3,104.31 in 2021, highlighting a shift toward... Read more
Median Value of Occupied Housing Units in Pima County, Arizona Over the Last 8 Years
Pima County, Arizona has witnessed a substantial rise in median home values over the last eight years, going from $159,900 in 2015 to $258,300 in 2022. Compared to the national average, which increased from $125,500 to $179,400 in the same period, Pima County's growth is faster and more pronounced. Even within Arizona, where the statewide median value grew from $167,500 to $321,400, Pima County's trend signals significant local demand and investment potential, impacting everything from housing affordability to real estate investment opportunities in the region.
Residential Energy Tax Credit Per Tax Return in Pima County, AZ Over the Last 9 Years
Pima County, Arizona has seen a significant increase in the average residential energy tax credit per tax return over the last nine years. Starting from a modest average of $668.81 in 2013, the credit surged to $3,859.57 in 2018. Even though there were slight drops in 2019 and 2020, the average rebounded to $3,104.31 in 2021. This trend suggests a growing emphasis on energy-efficient home improvements, making Pima County an attractive area for environmentally conscious investors and residents looking to take advantage of these substantial tax benefits.
Average Real Estate Taxes Per Tax Return in Pima County, AZ Over the Last 10 Years
Over the last decade, Pima County, Arizona has experienced a notable rise in average real estate taxes per tax return, climbing from $2,923.02 in 2012 to $5,068.40 in 2021. This upward trend could signal increasing property values and development within the area, making it a potentially attractive option for real estate investors. However, for potential homeowners or individuals considering a move, this consistent increase in taxes might suggest higher costs of living.
Percentage of Farm Returns in Pima County, AZ Over the Last 10 Years
Farm tax returns in Pima County, Arizona, have shown a gradual decline over the last decade, dropping from roughly 0.16% in 2012 to about 0.12% in 2021. This modest yet consistent decrease suggests that farming may be becoming less central to the local economy or that fewer residents are reporting farm-related income for tax purposes. Investors, developers, and those looking to move to Pima County might find this trend informative as it may influence decisions on land use, property values, and economic opportunities in the region.
Number of Mortgages by Occupancy Type in Pima County, AZ Over the Last 5 Years in Pima County
The mortgage data for Pima County, Arizona, shows that principal residences consistently dominate the market, experiencing a peak in 2020 with 97,356 mortgages before a notable decline in 2022. Investment properties saw a steady increase from 2018 to 2021 before dropping sharply in 2022. This shift in mortgage counts by occupancy type could indicate changing economic conditions or lending practices. For investors and developers, this trend may imply a potential oversupply or changing demand for investment and secondary properties, affecting rental markets and property valuations. Appraisers and insurance agents might see varying risk profiles and valuation shifts, while real estate agents could use these insights to tailor their strategies and client advice.
Economic Outlook
Pima County, Arizona has experienced noticeable economic growth over the past decade, showcased by a rise in average taxable income per tax return from $53,116.20 in 2013 to $76,426.32 by 2021. Alongside this income growth, state and local income taxes per tax return also escalated, jumping from approximately $4,400 in 2012 to over $10,000 by 2021. The increasing tax burden is crucial for understanding residents' financial planning and potential cost of living pressures. Additionally, while... Read more
Average Taxable Income per Tax Return in Pima County, AZ over the last 9 years
Over the past nine years, the average taxable income per tax return in Pima County, AZ has shown a steady upward trend, jumping from $53,116.20 in 2013 to $76,426.32 in 2021. This increase highlights significant economic growth in the region, making it an appealing location for investment and development. Such rising income levels indicate a growing prosperity, suggesting that Pima County is becoming an increasingly attractive area for both businesses and potential residents.
Average State and Local Income Taxes Per Tax Return in Pima County, AZ Over the Last 10 Years
Over the past decade, Pima County, AZ has seen a consistent increase in state and local income taxes per tax return, with a significant surge starting in 2018. Average tax payments rose from around $4,400 in 2012 to over $10,000 by 2021, reflecting not only inflation but also potential economic growth and changes in tax policy that significantly impact residents and those considering moving to the area. This escalation in tax burden could influence household budgeting and cost of living considerations.
Average Total Tax Liability Per Tax Return in Pima County, AZ Over the Last 10 Years
Over the last decade, Pima County, Arizona has seen a significant upward trend in average total tax liability per tax return. In 2012, the average was $8,739.38, rising steadily to $12,376.47 by 2021. This notable increase, especially the sharp jump from $10,549.26 in 2020 to over $12,000 in 2021, highlights growing financial obligations for residents, reflecting possible economic growth, higher incomes, or changes in tax policy. For those looking to invest or move to Pima County, understanding this trend is crucial for financial planning and evaluating long-term affordability.
Cost of Living in Pima County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,670 | $1,440 | $1,584 | $1,695 | $1,255 |
| 1 adult 4 children | $1,670 | $1,176 | $1,222 | $1,695 | $1,421 |
| 2 adults 3 children | $1,670 | $1,176 | $1,368 | $1,695 | $1,049 |
| 1 adult 3 children | $1,670 | $960 | $1,007 | $1,695 | $1,194 |
| 2 adults 2 children | $1,175 | $963 | $1,153 | $1,498 | $813 |
| 1 adult 2 children | $1,175 | $719 | $792 | $1,498 | $797 |
| 2 adults 1 child | $1,175 | $761 | $938 | $858 | $736 |
| 1 adult 1 child | $1,175 | $492 | $577 | $858 | $644 |
| 2 adults | $893 | $611 | $723 | $0 | $545 |
| 1 adult | $786 | $333 | $361 | $0 | $478 |
Safety trends & Data
Pima County, Arizona has experienced a noticeable drop in property crimes over the past five years, with burglaries plummeting from 741.0 in 2018 to 276.0 in 2022, and larceny-theft decreasing from 3880.0 to 2291.0 within the same period. This downward trend in crime potentially makes the county more attractive for real estate development and may positively influence property values. However, ongoing monitoring is recommended to ensure the stability of these... Read more
Property Crime Trends in Pima County, AZ Over the Last 5 Years
Pima County, Arizona has seen a notable decline in several types of property crime over the past five years. Burglary incidents dropped dramatically from 741.0 in 2018 to 276.0 in 2022, while larceny-theft saw a significant decrease from 3880.0 in 2018 to 2291.0 in 2022. Trends in arson and motor vehicle theft also show reductions, offering a potentially reassuring sign for prospective investors and residents. These downward trends in crime could make the county more appealing for real estate development and might impact property valuations positively. However, vigilant monitoring remains essential as stability in these improvements is yet to be fully established.
Demographics
Pima County, Arizona shows a balanced gender distribution with a slight female majority among adults. The area appears to have a strong educational backbone, with a significant portion of its population having some college education or higher degrees. Younger residents dominate the age distribution, yet there's a notable spread across all age groups. The racial configuration exhibits a predominantly White population, but also features a diverse mix of other racial backgrounds, reflecting a... Read more
Race Distribution in Pima County, Arizona (2022)
Educational Attainment in Pima County, Arizona (2022)
Age Distribution in Pima County, Arizona
Citizen Population in Pima County, Arizona (2022)
Political Trends & Data
Pima County, Arizona saw roughly 58.6% of its 2020 U.S. Presidential Election votes go to the Democratic candidate, against about 39.9% for the Republican. The Libertarian party got around 1.5%, while other candidates captured negligible shares. This Democratic tilt may offer insights into local electoral dynamics and voter preferences, potentially influencing future political campaign... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pima County, Arizona, the 2020 U.S. Presidential Election saw a larger share of votes going to the Democratic candidate with approximately 58.6%, compared to around 39.9% for the Republican candidate. The Libertarian party garnered a smaller portion, likely around 1.5%, while votes for the Green party and other candidates were negligible. This trend may indicate a political leaning towards the Democratic party in the county, which could be interesting for analyzing electoral strategies and demographic preferences.
39.92% of voters voted for the Republican party in the 2020 Presidential Election
58.61% of voters voted for the Democrat party in the 2020 Presidential Election
1.47% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Pima County, Arizona has seen fluctuating student-to-teacher ratios, peaking at 20 in 2020 but now approximating the national average of 14. This trend could suggest improvements in educational outcomes, potentially making the area more attractive to homebuyers and investors. Better ratios might boost property values, while appraisers and insurance agents should monitor these changes for their impact on property desirability and... Read more
Student-to-teacher ratio in Pima County, Arizona over the last 10 years
Over the last decade, Pima County, Arizona has experienced fluctuating student-to-teacher ratios, spiking as high as 20 in 2020 but trending downwards to approximate the national average of 14 students per teacher in more recent years. These shifts could be indicative of changing educational policies, varying population growth, or even local government budget allocations affecting school staffing levels. For investors, homebuyers, and real estate professionals, improved student-to-teacher ratios might hint at better educational outcomes, potentially boosting property values. Similarly, appraisers and insurance agents should keep an eye on such trends as they could influence the desirability and risk associated with properties in the region.
