Alamosa County Market Trends
Median Value of Occupied Housing Units in Alamosa County, Colorado Over the Last 8 Years
In Alamosa County, Colorado, median home values have demonstrated a steady upward trend over the last eight years, peaking at $198,500 in 2022. This increase is significant compared to the statewide median in Colorado, which rose from $247,800 in 2015 to $465,900 in 2022. Nationally, the median home value has also increased, reaching $179,400 in 2022. Although Alamosa County's home values remain below the state average, the consistent climb reflects growing investment interest and potential opportunities for property development.
Residential Energy Tax Credit Per Tax Return in Alamosa County, CO Over the Last 8 Years
Over the past eight years, Alamosa County, Colorado has seen a significant fluctuation in residential energy tax credits per tax return. Peaks in 2014 and 2017, reaching $837.50 and $866.67 respectively, highlight earlier investments in energy-efficient upgrades. The most substantial increases occurred more recently, with dramatic spikes in 2019 and 2021 to $1,800.00 and $1,633.33, indicating a growing trend towards sustainability and energy efficiency. These shifts suggest a favorable climate for green energy investments and could be an attractive aspect for residential developers and new homeowners prioritizing eco-friendly living.
Average Real Estate Taxes Per Tax Return in Alamosa County, CO Over the Last 10 Years
There's been a noticeable upward trend in average real estate taxes per tax return in Alamosa County, Colorado over the last decade. Starting from about $1,545.95 in 2012, the average has fluctuated but generally increased over time, reaching a peak of $2,165.00 in 2021. This gradual rise may indicate growing property values and potential higher public expenditures, which could be significant for investors and property developers considering the region.
Percentage of Farm Returns in Alamosa County, CO Over the Last 10 Years
The percentage of farm returns in Alamosa County, Colorado has exhibited a general declining trend over the last 10 years. Starting at around 4.02% in 2012 and ending at approximately 3.13% in 2021, the data reveals fluctuations but mainly a downward trajectory with some slight recoveries and dips around mid-decade. Farm tax returns are critical as they reflect the economic vitality of the agricultural sector, which could be a key interest for investors, new residents, and those considering property development, indicating shifts in the county's agricultural productivity and economic health. Investing in or relocating to Alamosa County may very well be influenced by these agricultural trends as they hint at broader economic dynamics.
Number of Mortgages by Occupancy Type in Alamosa County, CO Over the Last 5 Years in Alamosa County
Over the past five years, Alamosa County, Colorado has seen a notable shift in mortgage patterns, particularly in the occupancy types. The number of principal residence mortgages has fluctuated, peaking at 556 in 2021 before dropping to 391 in 2022. Investment property mortgages have seen a smaller, more gradual increase, hinting at a growing interest in rental or flip opportunities. Meanwhile, second residence mortgages have remained relatively stable but low, indicating limited demand for vacation homes. These trends can impact decisions related to property investment, market appraisal, and insurance risk assessment, as they reflect broader market dynamics and potential returns on different property types.
Economic Outlook
Average Taxable Income per Tax Return in Alamosa County, CO over the last 9 years
Alamosa County, CO has experienced a consistent rise in average taxable income per tax return over the past nine years, climbing from $43,639.56 in 2013 to $56,684.69 in 2021. This upward trend suggests a growing economic environment and potentially increasing wages, making it an appealing location for investments and residential developments. High and rising incomes often correlate with improved quality of life and robust consumer spending, factors that individuals and businesses alike should consider.
Average State and Local Income Taxes Per Tax Return in Alamosa County, CO Over the Last 10 Years
Over the past decade, Alamosa County, CO has experienced a notable rise in average state and local income taxes per tax return, jumping from $3,877.57 in 2012 to $7,008.70 in 2021. Particularly significant was the surge seen post-2017, with values heightening dramatically from $4,545.36 to $6,848.00 in 2018 and peaking at $7,095.45 in 2020. This trend indicates increasing tax burdens, which could impact decisions for potential residents assessing cost of living and financial obligations in the area.
Average Total Tax Liability Per Tax Return in Alamosa County, CO Over the Last 10 Years
Over the last decade in Alamosa County, Colorado, there's been a notable upward trend in the average total tax liability per tax return. Starting at $6,599.32 in 2012 and rising to $7,729.88 by 2021, this increase suggests a growth in either taxable income or tax rates. Significant jumps are seen in 2016 and particularly in 2020, where the liability increased noticeably. For potential investors or residents, this data underscores the importance of understanding the local economic landscape and potential future tax implications.
Cost of Living in Alamosa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,238 | $1,709 | $2,013 | $1,702 | $1,554 |
| 1 adult 4 children | $1,238 | $1,396 | $1,559 | $1,702 | $1,673 |
| 2 adults 3 children | $1,238 | $1,396 | $1,737 | $1,702 | $1,278 |
| 1 adult 3 children | $1,238 | $1,140 | $1,283 | $1,702 | $1,387 |
| 2 adults 2 children | $985 | $1,143 | $1,461 | $1,493 | $1,031 |
| 1 adult 2 children | $985 | $854 | $1,007 | $1,493 | $1,040 |
| 2 adults 1 child | $985 | $903 | $1,185 | $813 | $895 |
| 1 adult 1 child | $985 | $583 | $731 | $813 | $739 |
| 2 adults | $748 | $726 | $909 | $0 | $638 |
| 1 adult | $743 | $396 | $455 | $0 | $560 |
Safety trends & Data
Property Crime Trends in Alamosa County, CO Over the Last 5 Years
Property crime in Alamosa County, Colorado has shown varying trends over the past five years, especially notable in categories like larceny-theft, which peaked at 188.0 incidents in 2018 but dropped to 151.0 by 2022. Burglary and motor vehicle theft have fluctuated but remain relatively steady, indicating potential areas of concern for local residents and prospective property investors. Vandalism has seen a troubling increase, especially notable in 2022 with 40.0 incidents. Fraud and forgery incidents have also exhibited inconsistencies, suggesting a need for heightened vigilance in financial transactions. These trends could influence decision-making for anyone considering investment or relocation to Alamosa County, as well as for professionals in real estate and insurance sectors evaluating property risks.
Demographics
Alamosa County's adult population is almost evenly split between genders, hinting at a balanced demographic. Educational attainment varies significantly, with a noticeable number of residents not holding a high school diploma, while a smaller portion boasts graduate or professional degrees. Age distribution reveals a young populace with substantial youth and young adult cohorts, possibly indicating vibrant educational and early career stages. The county's racial composition is predominantly... Read more
Race Distribution in Alamosa County, Colorado (2022)
Educational Attainment in Alamosa County, Colorado (2022)
Age Distribution in Alamosa County, Colorado
Citizen Population in Alamosa County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Alamosa County, Colorado, the 2020 presidential election displayed a notably close race between the Republican and Democratic parties, with Republicans edging out slightly at 48.8% of the vote compared to the Democrats' 48.1%. Minor parties, while significantly smaller in their share, collectively accounted for around 3% of the votes, with the Libertarian Party leading among them at approximately 1.2%. This razor-thin margin may suggest a deeply competitive political landscape in the area.
48.83% of voters voted for the Republican party in the 2020 Presidential Election
48.14% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
1.58% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Alamosa County, Colorado over the last 10 years
Over the past decade, Alamosa County, Colorado has seen significant fluctuations in its student-to-teacher ratio, peaking at 22 students per teacher in 2017. Notably, the ratio has recently come down to 14, aligning with the national average. These changes may impact decisions for potential investors, families considering a move, and educators planning career moves, as lower ratios often indicate more individual attention for students, potentially enhancing educational outcomes. Real estate agents might also find this trend useful when highlighting the appeal of local schools to prospective buyers.
