Denver County Market Trends
Median Value of Occupied Housing Units in Denver County, Colorado Over the Last 8 Years
Median home values in Denver County, Colorado, have shown significant growth over the last eight years, rising from $271,300 in 2015 to $540,400 in 2022. This increase outpaces the broader Colorado market, where the median value went from $247,800 to $465,900 in the same period, and the national market, where values climbed from $125,500 to $179,400. Denver County's robust upward trend could make it an appealing area for investment, but the rapid appreciation might also pose affordability challenges for new buyers.
Residential Energy Tax Credit Per Tax Return in Denver County, CO Over the Last 9 Years
Denver County, Colorado has seen a marked increase in the average residential energy tax credit per tax return over the past nine years. Notable spikes occurred in 2017 and especially in 2018, where the average credit soared to $3,941.38. While the figures dipped slightly in the years following, they consistently remained above $2,000, highlighting a strong trend towards energy-efficient investments. This signals to potential investors and property developers that the county is highly supportive of energy-saving initiatives, which could lead to both financial incentives and long-term savings.
Average Real Estate Taxes Per Tax Return in Denver County, CO Over the Last 10 Years
Over the past decade, Denver County, Colorado has seen a noticeable rise in average real estate taxes per tax return, climbing from $2,484.19 in 2012 to $4,818.89 in 2021. This trend may reflect increasing property values and a growing demand in the area. Such steady tax increases could signal a robust local economy or potentially higher costs for homeowners, which might influence decisions for those looking to invest, relocate, or build in Denver County.
Percentage of Farm Returns in Denver County, CO Over the Last 10 Years
Over the last ten years, the percentage of farm tax returns in Denver County, Colorado has seen a gradual decline, dropping from 0.13% in 2012 to 0.08% in 2021. Farm tax returns, which are filed by those engaged in agriculture to report their income and expenses, indicate the agricultural activity and economic participation within the county. This downward trend could suggest a decreasing agricultural presence or possibly a shift in land use and economic focus within the region. Understanding these changes is crucial for investors, developers, and residents interested in the county's evolving economic landscape and potential opportunities.
Number of Mortgages by Occupancy Type in Denver County, CO Over the Last 5 Years in Denver County
Over the past five years, Denver County, Colorado has seen a fluctuating yet significant trend in mortgage counts by occupancy type. Principal residences dominate with a noticeable peak in 2020 and a subsequent decline by 2022. Investment property mortgages show an initial increase, peaking during the pandemic year, and then dropping sharply. Second residences consistently register the lowest numbers with minimal volatility. These changes in occupancy type might matter because they reflect shifting investment strategies, economic conditions, and lifestyle choices. For investors, builders, and real estate agents, understanding these trends is crucial as it signals demand dynamics and potential property value appreciation. Appraisers and insurance agents also benefit, aligning their valuations and coverage with evolving market needs.
Economic Outlook
Average Taxable Income per Tax Return in Denver County, CO over the last 9 years
Denver County, CO has seen a consistent rise in average taxable income per tax return over the past nine years. Starting from $71,032.95 in 2013, the figure peaked at $121,660.34 in 2021, showing particularly notable leaps in 2018 and 2021. This trend implies a robust growth in individual earning potential, making it an attractive area for investors, aspiring homeowners, and businesses aiming for high-income demographics.
Average State and Local Income Taxes Per Tax Return in Denver County, CO Over the Last 10 Years
Over the last decade, Denver County, CO has experienced a significant rise in average state and local income taxes per tax return, climbing from about $7,360.10 in 2012 to approximately $18,078.73 in 2021. This substantial increase highlights the growing financial burden on residents and could be a crucial consideration for prospective movers evaluating the cost of living in the area.
Average Total Tax Liability Per Tax Return in Denver County, CO Over the Last 10 Years
Over the last decade, Denver County, Colorado has seen a significant increase in total tax liability per tax return, rising from $14,944.16 in 2012 to $25,304.79 in 2021. This upward trend indicates a robust economic environment, reflecting potentially higher incomes and increased property values, which could be attractive to investors and prospective residents alike. The sharp rise in 2021 highlights the county's growing financial activity, making it a notable area for fiscal opportunities and developments.
Cost of Living in Denver County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,372 | $1,713 | $1,479 | $2,884 | $2,282 |
| 1 adult 4 children | $2,372 | $1,399 | $1,141 | $2,884 | $2,421 |
| 2 adults 3 children | $2,372 | $1,400 | $1,278 | $2,884 | $2,044 |
| 1 adult 3 children | $2,372 | $1,143 | $940 | $2,884 | $2,230 |
| 2 adults 2 children | $1,797 | $1,146 | $1,077 | $2,518 | $1,557 |
| 1 adult 2 children | $1,797 | $856 | $739 | $2,518 | $1,659 |
| 2 adults 1 child | $1,797 | $905 | $876 | $1,331 | $1,160 |
| 1 adult 1 child | $1,797 | $585 | $538 | $1,331 | $1,161 |
| 2 adults | $1,489 | $727 | $675 | $0 | $789 |
| 1 adult | $1,346 | $397 | $338 | $0 | $690 |
Safety trends & Data
Property Crime Trends in Denver County, CO Over the Last 5 Years
Denver County, Colorado has seen fluctuating trends in property crime over the last five years, with notable changes in specific categories. While burglary incidents peaked in 2021 at 647, larceny-theft incidents saw a significant decrease from 2,578 in 2019 to 1,262 in 2022. Motor vehicle thefts almost doubled from 874 in 2018 to 1,428 in 2021. Arson cases, though relatively low in number, showed a gradual increase, reaching 34 in 2022. Vandalism and fraud cases have also seen some variability but remained relatively stable. These trends could be crucial for potential investors, homeowners, appraisers, and real estate agents trying to gauge the safety and desirability of properties in Denver County.
Demographics
Denver County, Colorado, shows notable demographic trends with a relatively balanced gender distribution and a diverse age range, dominated by young adults aged 25 to 34. Educational attainment is high, with a substantial portion of the population holding a bachelor's degree or higher, highlighting the county's educated workforce. Racially, the population is predominantly White, but there is representation from African American, Asian, and other races, pointing to a degree of racial... Read more
Race Distribution in Denver County, Colorado (2022)
Educational Attainment in Denver County, Colorado (2022)
Age Distribution in Denver County, Colorado
Citizen Population in Denver County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Denver County, Colorado, seems to lean predominantly Democratic, with an estimated 79.55% of votes possibly going to the Democratic Party in the 2020 U.S. Presidential Election. Republicans might capture around 18.19% of the votes, while smaller parties like the Libertarians and Greens likely receive minimal support. This strong Democratic tendency could suggest Denver's progressive urban electorate and an environment that might heavily favor liberal policies and candidates.
18.19% of voters voted for the Republican party in the 2020 Presidential Election
79.55% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
0.72% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Denver County, Colorado over the last 10 years
Over the last decade, Denver County, Colorado has seen a gradual decline in the student-to-teacher ratio, moving from approximately sixteen students per teacher in 2014 to around fourteen in 2023. This trend is noteworthy as Denver County's current ratio now slightly undercuts the national average of fourteen students per teacher. For prospective investors, appraisers, and real estate agents, this shift could signify a potentially higher quality of education, which is often a key factor for families considering a move. Additionally, insurance agents and those looking to build property might find this trend useful as it can suggest a growing demand for housing in areas with better student-to-teacher ratios, indirectly affecting real estate values.
