Boulder County Market Trends
Median Value of Occupied Housing Units in Boulder County, Colorado Over the Last 8 Years
Boulder County's median home values have consistently surpassed both state and national averages over the past eight years. In 2022, the median home value in Boulder County reached $671,100, a significant increase from $368,800 in 2015. By contrast, Colorado's median home value grew from $247,800 to $465,900, and the national figures moved from $125,500 to $179,400 during the same period. This trend could suggest a higher demand or more favorable market conditions in Boulder County compared to broader state and national levels, making it a potentially attractive area for investment or new construction.
Residential Energy Tax Credit Per Tax Return in Boulder County, CO Over the Last 9 Years
Over the past nine years, Boulder County, Colorado has seen a dramatic increase in the average residential energy tax credit per tax return, peaking at $5,011.11 in 2018. While there's been some fluctuation, this trend suggests a growing investment in energy-efficient home improvements. Property developers and investors might find these incentives make Boulder County an attractive area for sustainable projects.
Average Real Estate Taxes Per Tax Return in Boulder County, CO Over the Last 10 Years
Boulder County, Colorado has seen a notable rise in average real estate taxes per tax return over the last decade, increasing from $3,369.31 in 2012 to $6,210.84 in 2021. This upward trend could indicate a robust property market and possibly rising property values, which might be appealing to investors looking for growth potential. However, for residents and potential movers, the increase in taxes may also mean higher living costs. This trend might affect long-term housing affordability and could be a crucial factor for those evaluating their financial plans in the area.
Percentage of Farm Returns in Boulder County, CO Over the Last 10 Years
Farm tax returns in Boulder County, Colorado might reflect an economic activity related to agriculture, showing a decreasing trend over the last decade. The percentage of farm tax returns has likely declined from approximately 0.61% in 2012 to around 0.47% in 2021. This downturn could imply a shift away from farming activities or potentially fewer reporting farms, possibly influencing decisions for investors, developers, and new residents considering the area's economic landscape.
Number of Mortgages by Occupancy Type in Boulder County, CO Over the Last 5 Years in Boulder County
Recent trends in Boulder County, Colorado, reflect a significant decrease in mortgages for principal residences from 2020 to 2022, declining from 36,414 to 14,559. Investment properties and second residences saw a drop as well, though less steep. This shift in mortgage distribution holds implications for various stakeholders: potential investors might interpret a cooling real estate market, while appraisers and insurance agents could see changes in demand and risk assessments. Real estate agents and those intending to build properties may need to recalibrate their strategies to align with these emerging trends. Residents and new movers might find the local housing landscape more competitive or reflective of broader economic sentiments.
Economic Outlook
Average Taxable Income per Tax Return in Boulder County, CO over the last 9 years
Boulder County, CO has seen a significant rise in average taxable income per tax return over the last nine years, jumping from $87,386.33 in 2013 to $155,944.56 in 2021. This upward trend reflects a healthy increase in earnings, making Boulder an attractive location for potential investors and new residents. The consistent growth underscores the county's economic vitality, suggesting promising opportunities for property development and business expansions.
Average State and Local Income Taxes Per Tax Return in Boulder County, CO Over the Last 10 Years
Boulder County, CO has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting from $8,291.55 in 2012, there has been a steady rise, reaching a peak of $19,088.89 in 2021. This significant uptick highlights the growing tax burden on residents, which could affect both current residents assessing their financial statuses and potential movers evaluating the cost of living in the area.
Average Total Tax Liability Per Tax Return in Boulder County, CO Over the Last 10 Years
Boulder County, Colorado has seen a consistent rise in average total tax liability per tax return over the past decade, escalating from $17,293.22 in 2012 to $33,823.68 in 2021. This significant increase reflects the area’s economic growth and rising property values, making it an attractive yet increasingly expensive region for potential investors, homeowners, and residents. If you're considering moving to Boulder County or investing in property, be prepared for higher tax obligations as part of the area's overall appeal and prosperity.
Cost of Living in Boulder County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,541 | $1,862 | $1,620 | $2,884 | $2,573 |
| 1 adult 4 children | $2,541 | $1,521 | $1,250 | $2,884 | $2,620 |
| 2 adults 3 children | $2,541 | $1,521 | $1,400 | $2,884 | $2,300 |
| 1 adult 3 children | $2,541 | $1,242 | $1,030 | $2,884 | $2,438 |
| 2 adults 2 children | $1,911 | $1,245 | $1,180 | $2,518 | $1,775 |
| 1 adult 2 children | $1,911 | $930 | $810 | $2,518 | $1,862 |
| 2 adults 1 child | $1,911 | $984 | $960 | $1,331 | $1,301 |
| 1 adult 1 child | $1,911 | $636 | $590 | $1,331 | $1,317 |
| 2 adults | $1,578 | $791 | $739 | $0 | $895 |
| 1 adult | $1,397 | $431 | $370 | $0 | $782 |
Safety trends & Data
Property Crime Trends in Boulder County, CO Over the Last 5 Years
Tracking property crime trends in Boulder County over the past five years reveals some notable shifts. Arson incidents spiked dramatically in 2020 with 43 cases compared to an average of approximately 16 cases in other years. Burglary and larceny-theft rates have shown a gradual decrease, with burglary dropping from 181 cases in 2020 to 155 in 2022 and larceny-theft sharply declining from 1,306 cases in 2019 to 615 in 2022. Vandalism appears to be the most volatile category, peaking at 290 incidents in 2021 before falling to 219 in 2022. These trends could suggest a changing landscape for property crime, affecting everything from insurance premiums to real estate values in the region.
Demographics
Boulder County, Colorado exhibits an almost equal distribution between male and female adults, with males slightly ahead. The county’s educational attainment is high, with a notable portion holding bachelor's and graduate degrees. Younger adults in the 25 to 34 age range seem significant, likely contributing to the local dynamism and workforce talent. The race distribution shows a predominantly White population, but the presence of diverse ethnic groups might indicate a growing multicultural... Read more
Race Distribution in Boulder County, Colorado (2022)
Educational Attainment in Boulder County, Colorado (2022)
Age Distribution in Boulder County, Colorado
Citizen Population in Boulder County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Boulder County, Colorado, leans heavily Democratic with approximately 77% of votes cast in favor of the Democratic Party during the 2020 U.S. Presidential Election. Republican support appears significantly lower at around 21%, while third parties such as the Libertarian and Green parties capture minimal voter interest, with roughly 1% and less than 1% respectively. This trend could suggest a strong, perhaps growing, progressive inclination within the county.
20.62% of voters voted for the Republican party in the 2020 Presidential Election
77.19% of voters voted for the Democrat party in the 2020 Presidential Election
1.23% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Green party in the 2020 Presidential Election
0.62% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Boulder County, Colorado over the last 10 years
Over the last decade, Boulder County in Colorado has experienced noteworthy changes in its student-to-teacher ratios, particularly fluctuating between highs of nearly 30 students per teacher in 2014 to a more favorable ratio of approximately 15 in 2023. This shifting ratio suggests that class sizes have generally been decreasing, which is appealing for families considering relocating to the area, as smaller class sizes often translate to more personalized attention for students. Compared to the national average of 14 students per teacher, Boulder County's current ratio is slightly higher, signaling potential room for further improvement. For potential investors, real estate agents, and those planning construction in the area, this trend might indicate a strengthening local education system, thereby enhancing property values and increasing the demand for residential development. Appraisers and insurance agents might also find these trends useful as they reflect the county's prioritization of its educational infrastructure, which typically correlates with community stability and growth.
