Eagle County Market Trends
Median Value of Occupied Housing Units in Eagle County, Colorado Over the Last 8 Years
Over the past 8 years, Eagle County, Colorado has experienced a significant increase in the median value of occupied housing units, rising from $419,400 in 2015 to $728,400 in 2022. This trend suggests a more substantial growth compared to both Colorado's state median values, which grew from $247,800 to $465,900, and the national median values which climbed from $125,500 to $179,400. For potential investors, homebuyers, or developers, this sharp rise might indicate a robust demand and limited supply in Eagle County, potentially driving property values and investment opportunities higher.
Residential Energy Tax Credit Per Tax Return in Eagle County, CO Over the Last 9 Years
Over the past nine years, Eagle County, Colorado has seen significant fluctuations in average residential energy tax credits per tax return. In 2018, the average credit peaked at $4,029.41, reflecting a strong incentive for energy-efficient home improvements. Although the tax credit amounts have since tapered off, they remain considerably higher than earlier years, indicating a sustained interest in residential energy efficiency. This trend highlights both the increasing financial benefits and the potential savings for homeowners investing in eco-friendly upgrades.
Average Real Estate Taxes Per Tax Return in Eagle County, CO Over the Last 10 Years
Real estate taxes in Eagle County, Colorado have shown a significant upward trend over the past decade, increasing from approximately $4,242.49 in 2012 to around $7,712.16 in 2021. This steep rise suggests that property values are likely climbing, which might indicate a growing demand for real estate in the area. Prospective investors and homeowners should be prepared for higher tax obligations, reflecting the county's escalating market dynamics.
Percentage of Farm Returns in Eagle County, CO Over the Last 10 Years
Over the last 10 years, the percentage of farm tax returns in Eagle County, Colorado has shown slight fluctuations, with values hovering around 0.64% to 0.70%, peaking in 2015 at around 0.70%. This relatively small but consistent percentage can provide insights into the county's agricultural economy and its role within a predominantly mountainous and tourism-driven region. For potential investors, understanding this stable yet niche farm sector might uncover unique opportunities in sustainable agriculture or agritourism, complementing the broader economic landscape of Eagle County.
Number of Mortgages by Occupancy Type in Eagle County, CO Over the Last 5 Years in Eagle County
Eagle County, Colorado has seen noticeable fluctuations in mortgage types across the past five years. Mortgages for principal residences spiked in 2020, likely due to a pandemic-driven desire for relocation to less urban areas, but fell sharply by 2022. Investment properties and second residences have remained relatively steady, with a slight increase in investment property interest in 2021. These shifts matter because they reflect changing demands, which can impact housing market dynamics, property values, and local tax revenues. Understanding these trends helps investors, real estate agents, and appraisers make informed decisions about where and when to buy or sell property. For insurance agents and builders, the uptick or decline in certain occupancy types can guide their focus on coverage plans or construction priorities.
Economic Outlook
Average Taxable Income per Tax Return in Eagle County, CO over the last 9 years
Eagle County, CO has seen a substantial rise in average taxable income per tax return over the past nine years. Starting from $70,611.12 in 2013, it has surged to $173,485.47 by 2021. This notable escalation, especially the sharp increase between 2020 and 2021, indicates a robust economic growth, making it an attractive area for investment and development. High and rising incomes can boost local spending power, positively impact real estate values, and suggest a prosperous and desirable community for newcomers.
Average State and Local Income Taxes Per Tax Return in Eagle County, CO Over the Last 10 Years
Over the past decade, Eagle County, CO has seen a notable rise in average state and local income taxes per tax return, jumping from $7,541.30 in 2012 to $29,840.74 in 2021. This significant increase underscores the potential financial obligations residents might face, reflecting economic growth and perhaps rising incomes. Prospective movers should be prepared for higher tax responsibilities and factor this into their financial planning when considering relocation.
Average Total Tax Liability Per Tax Return in Eagle County, CO Over the Last 10 Years
Investors and potential residents should note that over the past decade, Eagle County, Colorado has seen a significant rise in average total tax liability per tax return. Starting at $14,942.73 in 2012, it has steadily climbed each year, hitting $38,770.31 in 2021. This trend reflects the region's increasing economic activity and affluence, making it both an attractive and potentially expensive area for property investments. As taxes tend to correlate with income levels, this upward trajectory suggests a thriving local economy with rising property values.
Cost of Living in Eagle County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,490 | $1,822 | $2,015 | $2,108 | $2,481 |
| 1 adult 4 children | $2,490 | $1,488 | $1,560 | $2,108 | $2,527 |
| 2 adults 3 children | $2,490 | $1,488 | $1,738 | $2,108 | $2,206 |
| 1 adult 3 children | $2,490 | $1,215 | $1,283 | $2,108 | $2,333 |
| 2 adults 2 children | $2,030 | $1,218 | $1,462 | $1,834 | $1,772 |
| 1 adult 2 children | $2,030 | $910 | $1,007 | $1,834 | $1,838 |
| 2 adults 1 child | $2,030 | $963 | $1,186 | $945 | $1,384 |
| 1 adult 1 child | $2,030 | $622 | $731 | $945 | $1,392 |
| 2 adults | $1,542 | $773 | $910 | $0 | $988 |
| 1 adult | $1,357 | $422 | $455 | $0 | $897 |
Safety trends & Data
Property Crime Trends in Eagle County, CO Over the Last 5 Years
Eagle County, Colorado shows interesting property crime trends over the past five years. Notably, fraud cases have seen a significant uptick, with numbers more than doubling from 45 in 2018 to 111 in 2022. Meanwhile, larceny-theft incidents have varied slightly year-by-year but generally hover around the 60s range, peaking at 69 in 2018. Burglary arrests have remained relatively consistent, fluctuating between 8 and 15 each year. Vandalism cases also show some stability but with occasional dips and peaks, such as 46 arrests in 2021. Motor vehicle thefts have increased modestly from 3 in 2018 to 7 in 2022. These patterns are essential for potential investors, real estate agents, and residents to understand the evolving safety landscape of the area.
Demographics
Eagle County, Colorado, shows a higher adult male population compared to females, hinting at a potential gender imbalance. Educational attainment levels are quite high, with a significant population holding a Bachelor's degree or higher, which could be tied to employment opportunities in the area. The age distribution skews younger, especially in the 25 to 44 years bracket, suggesting a workforce-dominated demographic. Racially, the county is predominantly White, with other races forming a much... Read more
Race Distribution in Eagle County, Colorado (2022)
Educational Attainment in Eagle County, Colorado (2022)
Age Distribution in Eagle County, Colorado
Citizen Population in Eagle County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Eagle County, Colorado, the 2020 U.S. Presidential Election saw a significant lead for Democratic candidates, possibly reflecting a broader preference for progressive policies in this region. Republicans trailed substantially, which might suggest a local electorate that leans towards Democratic ideals. Minor parties like the Libertarian and Green parties garnered a small fraction of the vote, indicating limited but existing alternative political interests.
33.95% of voters voted for the Republican party in the 2020 Presidential Election
63.79% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
0.70% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Eagle County, Colorado over the last 10 years
In Eagle County, Colorado, the student-to-teacher ratio has fluctuated over the past decade, trending downward overall. Starting at nearly sixteen in 2014 and reaching a low of just under thirteen in 2022, the recent ratios have consistently remained lower than the US national average of fourteen students per teacher. This trend might suggest improving educational quality and more personalized attention for students, making the county potentially attractive for families with school-age children. For investors and real estate agents, these improvements in education can enhance property values and desirability. Appraisers and insurance agents might also take note of these trends as they could impact both property assessments and risk evaluations based on community strength and stability.
