Grand County Market Trends
Median Value of Occupied Housing Units in Grand County, Colorado Over the Last 8 Years
Grand County, Colorado has seen a dramatic increase in median home values over the last 8 years, climbing from $282,000.00 in 2015 to $461,200.00 in 2022. This local growth significantly eclipses both the national median, which rose from $125,500.00 to $179,400.00, and the Colorado state median, which increased from $247,800.00 to $465,900.00 during the same period. For potential investors, movers, builders, and residents, this sharp rise in home values could indicate a thriving local economy and increased demand for housing in Grand County.
Residential Energy Tax Credit Per Tax Return in Grand County, CO Over the Last 9 Years
The residential energy tax credit averages in Grand County, Colorado have shown significant fluctuations over the past nine years, hitting a high of $3,375.00 in 2018 and a low of $262.50 in 2014. This volatility suggests varying levels of investment and emphasis on energy-efficient improvements among residents. Peaks, like the $2,788.89 average in 2021, might indicate rising awareness and adoption of renewable energy solutions, making it a potentially lucrative area for green technology investments and energy-efficient homebuilders.
Average Real Estate Taxes Per Tax Return in Grand County, CO Over the Last 10 Years
Real estate taxes per tax return in Grand County, Colorado, have shown an overall upward trend over the past decade. Starting at approximately $2,395.19 in 2012, taxes have steadily increased, reaching about $4,465.75 in 2021. Notable jumps occurred between 2017 and 2018, and again between 2018 and 2019. This rising trend could suggest growing property values or increased tax rates, potentially impacting decisions for real estate investors, prospective homeowners, and those considering building in the area.
Percentage of Farm Returns in Grand County, CO Over the Last 10 Years
The last decade has seen farm tax returns in Grand County, Colorado hover around 1.9% and 2.3%, showing slight fluctuations rather than any significant upward or downward trend. These percentages suggest a modest but somewhat stable agricultural presence in the region. For those considering investing or building in the area, this consistency might imply a reliable but limited agricultural economy. Farm tax returns represent the tax filings from agricultural activities and can be an indicator of the local agricultural sector’s health and involvement. This could be a consideration for assessing property value and potential growth for agricultural or adjacent investments.
Number of Mortgages by Occupancy Type in Grand County, CO Over the Last 5 Years in Grand County
Grand County, Colorado has seen varying trends in mortgage counts across different occupancy types over the past five years. Notably, second residences consistently led in numbers, peaking in 2020 with 2,237 mortgages but declining sharply to 980 in 2022. Investment properties saw a gradual increase until a slight drop in 2022. Principal residences experienced significant fluctuation, with a marked drop from 1,899 in 2021 to 1,144 in 2022. These shifts can be critical for investors, appraisers, and real estate agents as they indicate changing demand patterns, which may affect property values, rental income potential, and insurance rates in the area. Understanding these dynamics is essential for strategic decision-making in property development and investment.
Economic Outlook
Average Taxable Income per Tax Return in Grand County, CO over the last 9 years
In Grand County, CO, the average taxable income per tax return has shown a remarkable upward trajectory over the past nine years, starting at $55,953.51 in 2013 and reaching an impressive $111,874.23 by 2021. This significant growth highlights the area's rising economic prosperity, making it an attractive spot for investors, potential movers, and those interested in property development. This surge in income may indicate robust local job markets and an increasingly affluent community, providing valuable context for those considering investment opportunities in the county.
Average State and Local Income Taxes Per Tax Return in Grand County, CO Over the Last 10 Years
Over the past decade, residents of Grand County, CO have seen a substantial increase in state and local income taxes per tax return, escalating from $4,300.00 in 2012 to $13,456.34 in 2021. This upward trend indicates a significant growth in tax burdens, reflecting either increased incomes, higher tax rates, or a combination of both. For potential movers or current residents, these rising taxes could impact financial planning and cost of living considerations.
Average Total Tax Liability Per Tax Return in Grand County, CO Over the Last 10 Years
Grand County, Colorado has seen a significant increase in average total tax liability per tax return over the last decade. Starting at $8,162.71 in 2012, the liability has spiked to $19,831.68 by 2021. This sharp rise highlights the area's growing economic activity and increasing property values, making it a hotspot for potential investors, new residents, and property developers.
Cost of Living in Grand County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,542 | $1,950 | $2,015 | $2,108 | $2,107 |
| 1 adult 4 children | $1,542 | $1,593 | $1,560 | $2,108 | $2,191 |
| 2 adults 3 children | $1,542 | $1,593 | $1,738 | $2,108 | $1,768 |
| 1 adult 3 children | $1,542 | $1,301 | $1,283 | $2,108 | $1,891 |
| 2 adults 2 children | $1,253 | $1,304 | $1,462 | $1,834 | $1,417 |
| 1 adult 2 children | $1,253 | $974 | $1,007 | $1,834 | $1,468 |
| 2 adults 1 child | $1,253 | $1,031 | $1,186 | $945 | $1,114 |
| 1 adult 1 child | $1,253 | $666 | $731 | $945 | $1,029 |
| 2 adults | $1,109 | $828 | $910 | $0 | $859 |
| 1 adult | $965 | $452 | $455 | $0 | $693 |
Safety trends & Data
Property Crime Trends in Grand County, CO Over the Last 5 Years
Over the last five years, Grand County, Colorado has seen fluctuating trends in various types of property crimes. Notably, there was a significant spike in burglary cases in 2021 with 16 incidents, compared to a mere one incident in 2019. Larceny-theft remains the most frequently reported crime, hitting a high of 28.00 in 2018 but tapering off to 6.00 by 2022. Instances of vandalism also varied, peaking at 9.00 in 2021. The appearance of arson and fraud, albeit in smaller numbers, indicates emerging concerns for those involved in property and security. These trends are crucial for potential investors, real estate agents, and security consultants looking to navigate the local market dynamics effectively.
Demographics
Grand County, Colorado's adult population shows a slight male majority, with males edging out females. Educational attainment seems varied, with a significant chunk holding only high school diplomas or some college experience, yet a notable portion also possesses bachelor's and advanced degrees. Age-wise, the county leans towards a middle-aged population, especially the 55 to 64 age group, though younger and older demographics aren't negligible. The racial composition indicates a predominantly... Read more
Race Distribution in Grand County, Colorado (2022)
Educational Attainment in Grand County, Colorado (2022)
Age Distribution in Grand County, Colorado
Citizen Population in Grand County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grand County, Colorado, the political landscape appears relatively balanced with Republicans and Democrats securing most of the votes in the 2020 U.S. Presidential Election. Approximately 49.5% voted Republican while around 47.7% supported Democrats, indicating a closely contested region. Minor parties, such as Libertarians, Greens, and others, collectively accounted for a small but noticeable portion of the vote, suggesting that third-party influence, although limited, might still play a role in future elections.
49.47% of voters voted for the Republican party in the 2020 Presidential Election
47.72% of voters voted for the Democrat party in the 2020 Presidential Election
1.76% 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
0.73% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Grand County, Colorado over the last 10 years
In the past decade, Grand County, Colorado has observed a gradual decrease in student-to-teacher ratios, starting from a high of around 13 students per teacher in 2015 to approximately 12 students per teacher in 2023. This trend is advantageous for those looking to invest in or move to the area, as it potentially indicates more personalized attention in classrooms compared to the national average of 14 students per teacher. Lower student-to-teacher ratios are often associated with better educational outcomes, which could translate to higher property values and a more appealing living environment for families. For real estate agents, appraisers, and insurance agents, these ratios can be a key selling point or factor in evaluating property worth and risk.
