Logan County Market Trends
Median Value of Occupied Housing Units in Logan County, Colorado Over the Last 8 Years
Median home values in Logan County, Colorado, have seen a substantial increase over the past eight years, rising from $124,700 in 2015 to $203,100 in 2022. This growth, while significant, still positions Logan County well below the state median values, which surged from $247,800 to $465,900 over the same period. Comparatively, the national median home values have increased from $125,500 to $179,400. For those considering investment or relocation, Logan County presents a more affordable option within Colorado, which may appeal to buyers looking for a balance between growth potential and cost-effectiveness.
Residential Energy Tax Credit Per Tax Return in Logan County, CO Over the Last 8 Years
Logan County, Colorado has seen a significant rise in the average residential energy tax credit per tax return over the past eight years. Starting at $192.86 in 2013, it increased steadily and reached $1,500.00 by 2021. For those looking to invest or build property in Logan County, this trend suggests growing incentives for energy-efficient homes, highlighting the county's commitment to sustainable living.
Average Real Estate Taxes Per Tax Return in Logan County, CO Over the Last 10 Years
Logan County, Colorado has seen a significant upward trend in real estate taxes per tax return over the last decade, jumping from around $1,279.02 in 2012 to roughly $2,166.67 by 2021. This consistent rise, especially marked after 2016, suggests increasing property values or tax rates. For potential investors or new residents, understanding this trajectory is crucial for forecasting future financial commitments. While historical data can guide expectations, it also underscores the importance of assessing local economic factors that might influence these taxes further.
Percentage of Farm Returns in Logan County, CO Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Logan County, Colorado has seen a modest decline, from around 9.19% in 2012 to approximately 7.64% in 2021. Farm tax returns essentially reflect the proportion of tax filings that come from income derived from farming activities, and these numbers can serve as a useful indicator of the agricultural sector's health in the area. This modest downward trend might signal shifts in the local economy, such as diversification into other industries or changes in farming profitability, which could be crucial for prospective investors and residents looking into agricultural opportunities or economic stability in the region.
Number of Mortgages by Occupancy Type in Logan County, CO Over the Last 5 Years in Logan County
Logan County, Colorado has seen fluctuating numbers in mortgage counts across different occupancy types. The principal residence category generally shows the highest figures, peaking at 1,230 in 2021. Investment properties have had a lower and more variable count, with numbers ranging from 39 in 2020 to 81 in 2022. Second residences, meanwhile, consistently present the lowest counts, never exceeding 14 in any year. Shifts in occupancy type trends matter for investors, appraisers, and real estate agents. A high number of principal residence mortgages points to stability and possibly a lower turnover rate, which may appeal to family-focused buyers or investors looking for steady rental income. In contrast, increased investment property activity could signal potential for profit but might also indicate a more volatile market. For appraisers and insurance agents, understanding these trends helps in accurately valuing properties and assessing risk. For developers and builders, knowing the dominant occupancy types can guide construction projects to meet market demand.
Economic Outlook
Average Taxable Income per Tax Return in Logan County, CO over the last 9 years
Over the past 9 years, Logan County, CO has seen fluctuations in average taxable income per tax return, peaking at $64,202.49 in 2021. Despite a dip to $54,906.68 in 2017, recent trends show a rebound which could signal an upward economic trend. These insights are crucial for potential investors and developers, as a higher average taxable income can indicate a more robust local economy and increased consumer spending power.
Average State and Local Income Taxes Per Tax Return in Logan County, CO Over the Last 10 Years
Over the past decade, Logan County, CO has seen significant fluctuations in average state and local income taxes per tax return. The taxes ranged from lows around $5,383.46 in 2017 to highs nearing $9,417.97 in 2013, indicating a varied economic landscape. Recent years, specifically 2020 and 2021, show a trend towards higher tax values, suggesting possible increases in local incomes or tax rates. This variable tax environment can impact budgeting for both newcomers and current residents, making it a crucial consideration in financial planning.
Average Total Tax Liability Per Tax Return in Logan County, CO Over the Last 10 Years
Over the past decade, Logan County, Colorado has seen significant fluctuations in average total tax liability per tax return, peaking at $12,088.01 in 2013 and dipping to a low of $8,263.35 in 2019. This variability indicates a dynamic economic environment, which can impact both long-term financial planning and investment strategies in the area. The data highlights the importance of understanding local tax burdens when making relocation or property investment decisions in Logan County.
Cost of Living in Logan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,433 | $1,335 | $2,013 | $1,702 | $1,495 |
| 1 adult 4 children | $1,433 | $1,090 | $1,559 | $1,702 | $1,648 |
| 2 adults 3 children | $1,433 | $1,091 | $1,737 | $1,702 | $1,256 |
| 1 adult 3 children | $1,433 | $890 | $1,283 | $1,702 | $1,394 |
| 2 adults 2 children | $1,008 | $893 | $1,461 | $1,493 | $975 |
| 1 adult 2 children | $1,008 | $667 | $1,007 | $1,493 | $990 |
| 2 adults 1 child | $1,008 | $706 | $1,185 | $813 | $858 |
| 1 adult 1 child | $1,008 | $456 | $731 | $813 | $725 |
| 2 adults | $766 | $567 | $909 | $0 | $612 |
| 1 adult | $710 | $309 | $455 | $0 | $541 |
Safety trends & Data
Property Crime Trends in Logan County, CO Over the Last 5 Years
Over the last five years, Logan County, Colorado has experienced fluctuating trends in various property crimes. While larceny-theft cases peaked dramatically in 2020 with 179 reported incidents before decreasing to 119 by 2022, incidents of burglary and motor vehicle theft also saw highs and lows. Arson cases, although infrequent, doubled in 2019 and 2020 compared to previous years. Instances of forgery and fraud showed less predictability, reflecting occasional spikes and declines, which might interest potential investors, insurance agents, and appraisers in understanding the dynamics at play for risk assessment and property valuation. Vandalism rates, meanwhile, showed a general upward trend peaking in 2020 but then declining slightly in subsequent years, indicating potential hot spots and areas needing attention for community safety.
Demographics
In Logan County, Colorado, males make up a slightly larger portion of the adult population than females. The educational attainment levels indicate that the majority of residents have completed high school, with a significant number also having attended some college or earned an associate's degree. The age distribution appears fairly balanced, though there is a noticeable concentration in the 25 to 34-year age group. The racial demographics show a predominantly White population, with very small... Read more
Race Distribution in Logan County, Colorado (2022)
Educational Attainment in Logan County, Colorado (2022)
Age Distribution in Logan County, Colorado
Citizen Population in Logan County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Logan County, Colorado, leaned heavily towards the Republican party in the 2020 U.S. Presidential Election, with approximately 77% of the votes. Democrats garnered around 21%, while the Libertarian and Green parties had much smaller shares, roughly 1% each. Minor parties collectively made up close to 0.7% of the votes. These trends might suggest a strong conservative presence in the county.
76.79% of voters voted for the Republican party in the 2020 Presidential Election
21.06% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.68% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Logan County, Colorado over the last 10 years
The student-to-teacher ratio in Logan County, Colorado, has experienced dramatic fluctuations over the past decade, ranging from a low of 25 students per teacher in 2021 to a staggering 66 in 2023. These numbers are significantly higher than the national average of 14 students per teacher, highlighting potential challenges in educational quality and individualized attention. For those considering moving to Logan County or investing in the local real estate market, these figures could imply a need for educational resources and infrastructure improvements. Real estate agents, appraisers, insurance agents, and developers might find this trend pertinent when assessing the desirability and future growth of the area.
