Bent County Market Trends
Median Value of Occupied Housing Units in Bent County, Colorado Over the Last 8 Years
Bent County, Colorado has seen median home values grow fairly steadily over the past eight years, jumping from $65,700 in 2015 to $110,700 in 2022. While still significantly below Colorado's state median ($465,900 in 2022) and the national median ($179,400 in 2022), this rise could hint at increasing interest or development in the area. For investors and potential homeowners, Bent County may present an affordable entry point compared to broader market conditions, with the potential for value growth aligning with the upward trend seen in state and national figures.
Average Real Estate Taxes Per Tax Return in Bent County, CO Over the Last 7 Years
Real estate taxes in Bent County, Colorado have seen fluctuations over the last seven years, peaking at $1,000.00 in 2017 and dropping to a low of $770.00 in 2015. These shifts reflect the dynamic nature of property valuations and local economic conditions. Investors and potential homeowners might find the variability intriguing, indicating opportunities for strategic financial planning. For those interested in stability or growth in property-related taxes, it might be worth examining what contributed to the spikes and declines in these years.
Percentage of Farm Returns in Bent County, CO Over the Last 10 Years
Farm tax returns in Bent County, Colorado have seen fluctuations over the past decade, peaking at approximately 14.19% in 2013 and hitting a low around 8.42% in 2020. These figures hint at variability in the agricultural economy, potentially influenced by market conditions, weather, and crop yields. For investors and property developers, understanding these trends could be valuable when evaluating the long-term viability and economic stability of agricultural investments in the area. This data could also be crucial for prospective residents or current locals considering involvement in the agriculture industry.
Number of Mortgages by Occupancy Type in Bent County, CO Over the Last 5 Years in Bent County
Bent County, Colorado has seen fluctuations in mortgage counts over the last five years, particularly in the category of principal residences which generally dominate the market but saw a notable surge in 2021 with 148 mortgages. Investing in properties in Bent County could be cautiously pursued since investment property mortgages dipped starkly from 13 in 2019 to just 2 by 2022, indicating potential volatility or shifting investor interest. With the number of second residence mortgages remaining negligible, it could imply the area is less appealing for vacation homes, possibly keeping the focus on primary residential living. For appraisers and insurance agents, understanding these trends can aid in assessing market stability and property valuation, while real estate agents and developers might leverage this data to target prospective buyers more effectively.
Economic Outlook
Average Taxable Income per Tax Return in Bent County, CO over the last 9 years
Bent County, CO has seen fluctuating average taxable incomes per tax return over the last nine years. After a dip between 2014 and 2017, reaching a low of $36,216.56 in 2017, the figures began to recover, peaking at $46,849.13 in 2021. Notably, the sharp increase from 2020 to 2021 indicates a potentially significant economic shift, making Bent County a region of interest for investors and new residents eyeing evolving financial landscapes and growth opportunities.
Average State and Local Income Taxes Per Tax Return in Bent County, CO Over the Last 8 Years
In Bent County, CO, average state and local income taxes per tax return have fluctuated significantly over the past eight years, peaking at $6,666.67 in 2019 and dipping to a low of $3,454.55 in 2012. Such a volatile tax environment underscores the importance for potential residents and financial planners to be mindful of the unpredictability in tax obligations, which could affect overall living costs and financial stability.
Average Total Tax Liability Per Tax Return in Bent County, CO Over the Last 10 Years
Bent County, Colorado has seen fluctuating tax liabilities over the past decade, with a noticeable dip in 2013 to $4,887.96 per tax return, followed by a general upward trend peaking in 2021 at $6,254.20. This variability indicates dynamic economic factors at play, making it a region worth monitoring for potential tax advantages or shifts. Investors, developers, and potential residents may find this financial landscape indicative of underlying economic activities, impacting future fiscal planning and community investment strategies.
Cost of Living in Bent County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,086 | $1,436 | $2,013 | $1,311 | $1,238 |
| 1 adult 4 children | $1,086 | $1,172 | $1,559 | $1,311 | $1,343 |
| 2 adults 3 children | $1,086 | $1,173 | $1,737 | $1,311 | $1,000 |
| 1 adult 3 children | $1,086 | $958 | $1,283 | $1,311 | $1,078 |
| 2 adults 2 children | $892 | $960 | $1,461 | $1,136 | $864 |
| 1 adult 2 children | $892 | $717 | $1,007 | $1,136 | $823 |
| 2 adults 1 child | $892 | $759 | $1,185 | $566 | $766 |
| 1 adult 1 child | $892 | $490 | $731 | $566 | $623 |
| 2 adults | $678 | $610 | $909 | $0 | $587 |
| 1 adult | $673 | $332 | $455 | $0 | $520 |
Safety trends & Data
Property Crime Trends in Bent County, CO Over the Last 5 Years
Over the last five years, Bent County, Colorado has seen fluctuating trends in property crimes. Notably, larceny-theft incidents peaked in 2021 with 6 reported cases, while motor vehicle theft significantly increased to 5 cases in 2022. Vandalism also spiked in 2021 with 7 cases, suggesting a temporary surge in specific property-related offenses. On the other hand, burglary has remained relatively low and stable, with only 1 or 3 cases each year. These trends may interest investors and real estate agents looking to understand local crime dynamics, as well as appraisers and insurance agents assessing property risks.
Demographics
Bent County, Colorado's adult population skews more male, creating a notable gender imbalance. Educational attainment appears skewed toward high school graduates and those with some college but no degree, hinting at a possibly lower overall educational level compared to state or national averages. The age distribution is fairly broad, with significant populations across various age groups, although younger and older demographics present potential challenges for community resources and services.... Read more
Race Distribution in Bent County, Colorado (2022)
Educational Attainment in Bent County, Colorado (2022)
Age Distribution in Bent County, Colorado
Citizen Population in Bent County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bent County, Colorado exhibited a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with around 66% of the vote. Democrats gathered slightly more than 32%, while minor parties like Libertarians and Greens captured only a small fraction of the electorate, approximately around 1% combined. This voting pattern may suggest a strong conservative presence in the county's political landscape.
66.09% of voters voted for the Republican party in the 2020 Presidential Election
32.19% of voters voted for the Democrat party in the 2020 Presidential Election
0.66% 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
0.79% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Bent County, Colorado over the last 10 years
The student-to-teacher ratio in Bent County, Colorado has shown significant fluctuations over the past decade, with dramatic spikes in 2014 and 2020, reaching as high as 45 and 49 students per teacher respectively. These peaks far exceed the national average of fourteen students per teacher, which could signal periods of resource strain or policy changes impacting classroom sizes. In contrast, years like 2022 and 2023 have ratios closer to the national average, at approximately 13 to 14 students per teacher, potentially reflecting improved educational funding or staffing levels. For potential residents, investors, and professionals like appraisers and insurance agents, these ratios can be indicative of the quality of local education, which may influence property values, community appeal, and future development opportunities.
