Ouray County Market Trends
Median Value of Occupied Housing Units in Ouray County, Colorado Over the Last 8 Years
Over the past eight years, median home values in Ouray County, Colorado have surged from $388,600 in 2015 to $596,400 in 2022, marking a substantial appreciation. This significant increase contrasts sharply against the national median, which rose from $125,500 to $179,400 in the same period. Even within Colorado, Ouray County's home values have outpaced the state average, which increased from $247,800 to $465,900. This data may suggest a robust local market potentially driven by unique regional factors, making it an appealing area for investment, new builds, or relocations.
Residential Energy Tax Credit Per Tax Return in Ouray County, CO Over the Last 9 Years
Over the past nine years, Ouray County, Colorado has seen a significant increase in the average residential energy tax credit per tax return, starting at $940.00 in 2013 and peaking at $3,200.00 in 2018. This upward trend reflects growing incentives for energy-efficient home improvements, making the county increasingly attractive for eco-conscious investors and homeowners. The consistent rise, with periodic fluctuations, highlights a strong commitment to sustainable living, which bodes well for future real estate values and community development in the area.
Average Real Estate Taxes Per Tax Return in Ouray County, CO Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Ouray County, Colorado have generally trended upwards, with minor fluctuations. Notably, from 2016 onwards, there's been a sharp and considerable increase, peaking at $4161.76 in 2020, before slightly decreasing to $3959.38 in 2021. This suggests a potentially higher cost of property ownership, which may be relevant for prospective investors or those considering moving to this picturesque county.
Percentage of Farm Returns in Ouray County, CO Over the Last 10 Years
Ouray County, Colorado has seen farm tax returns vary over the past decade, roughly oscillating between about 1.6% and 2.5%. Although there isn't a clear upward or downward trend, farm tax returns held relatively steady with minor fluctuations. This consistency could hint at a stable agricultural base, potentially appealing to investors interested in agribusiness. For those considering building property or moving to Ouray County, the persistent presence of farm tax returns might suggest a community with ongoing agricultural activity, reflecting a balanced mix of rural charm and economic opportunity.
Number of Mortgages by Occupancy Type in Ouray County, CO Over the Last 5 Years in Ouray County
In Ouray County, Colorado, mortgage counts for principal residences saw a significant uptick from 2018 to a peak in 2021, tapering off somewhat in 2022. Second residence mortgages also spiked in 2021 before declining. Investment property mortgages have remained relatively low but show a small rise in 2021 before decreasing again in 2022. These shifts in occupancy type can reflect broader trends, such as increasing desirability for permanent residence, possibly driven by remote work opportunities during peak pandemic years, or fluctuating interest in second homes as investment opportunities. Changes in occupancy types could impact property values, insurance rates, and even local economic development, making it crucial information for potential investors, homeowners, and real estate professionals.
Economic Outlook
Average Taxable Income per Tax Return in Ouray County, CO over the last 9 years
Over the past nine years, the average taxable income per tax return in Ouray County, CO has shown significant growth, peaking dramatically in 2021 at $150,881.25. This upward trend suggests a robust economic environment, likely driven by increased property values and investment opportunities. Particularly noteworthy are the sharp increases in 2018 and 2021, indicating periods of rapid economic expansion. For investors and potential residents, this data underscores the county’s growing affluence and potential for high returns on investments.
Average State and Local Income Taxes Per Tax Return in Ouray County, CO Over the Last 10 Years
Over the past decade, Ouray County, CO has experienced significant increases in average state and local income taxes per tax return, rising from $4,903.03 in 2012 to $11,093.10 in 2021. Key spikes occurred from 2017 to 2018 and again in 2019 to 2020, nearly doubling the amounts. This substantial growth in tax burdens may impact decisions for both current residents and potential newcomers considering the financial implications of living in the area.
Average Total Tax Liability Per Tax Return in Ouray County, CO Over the Last 10 Years
Over the past decade, Ouray County, Colorado has seen a notable rise in average total tax liability per tax return, climbing from $9,708.29 in 2012 to an impressive $32,996.68 in 2021. This significant increase suggests a sharp growth in local incomes or property values, which could mean lucrative opportunities for investors or potential challenges for new residents facing higher tax bills. The substantial jump in recent years especially highlights a dynamic and potentially prosperous economic environment.
Cost of Living in Ouray County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,122 | $1,580 | $2,015 | $2,012 | $2,223 |
| 1 adult 4 children | $2,122 | $1,291 | $1,560 | $2,012 | $2,332 |
| 2 adults 3 children | $2,122 | $1,291 | $1,738 | $2,012 | $1,927 |
| 1 adult 3 children | $2,122 | $1,054 | $1,283 | $2,012 | $2,090 |
| 2 adults 2 children | $1,598 | $1,057 | $1,462 | $1,762 | $1,483 |
| 1 adult 2 children | $1,598 | $789 | $1,007 | $1,762 | $1,568 |
| 2 adults 1 child | $1,598 | $835 | $1,186 | $947 | $1,191 |
| 1 adult 1 child | $1,598 | $540 | $731 | $947 | $1,170 |
| 2 adults | $1,214 | $671 | $910 | $0 | $860 |
| 1 adult | $1,206 | $366 | $455 | $0 | $774 |
Safety trends & Data
Property Crime Trends in Ouray County, CO Over the Last 5 Years
Over the last five years, property crime rates in Ouray County, Colorado have shown some fluctuations but generally remained low. Notably, larceny-theft incidents had a minor peak in 2018 and 2020 but dropped by 2022. Vandalism cases varied more significantly, with the highest value in 2021. While burglary and motor vehicle theft numbers have stayed minimal, observing such crime data can be crucial for potential investors, residents, and real estate professionals considering property in the area. The trends suggest relatively stable yet consistently low property crime rates, which could influence insurance premiums, property values, and community safety perceptions.
Demographics
In Ouray County, Colorado, the adult population skews slightly male with numbers showing 2,184 males to 2,055 females. Educational attainment appears considerable with a marked presence of higher education; a combined total of 2,069 individuals holding at least a bachelor's degree. Age distribution highlights a significant elderly demographic, particularly those 65 to 74 years old, making up a substantial portion of the population. Racially, the county is overwhelmingly White at 4,522... Read more
Race Distribution in Ouray County, Colorado (2022)
Educational Attainment in Ouray County, Colorado (2022)
Age Distribution in Ouray County, Colorado
Citizen Population in Ouray County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Ouray County, Colorado, the 2020 U.S. Presidential Election results hinted at a stronger leaning towards Democratic preferences, with approximately 59% of the vote potentially going to the Democratic candidate and around 39% to the Republican one. Third-party candidates, including Libertarian and Green parties, seemed to have garnered only minimal support, collectively totaling just over 1% of the votes. This distribution might suggest a relatively solid Democratic base in a region otherwise known for its picturesque landscapes and small-town charm.
39.23% of voters voted for the Republican party in the 2020 Presidential Election
58.83% of voters voted for the Democrat party in the 2020 Presidential Election
1.14% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.50% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Ouray County, Colorado over the last 10 years
Ouray County, Colorado has consistently maintained a low student-to-teacher ratio over the past decade, fluctuating around 9 to 10 students per teacher. This is notably below the national average of 14 students per teacher, potentially indicating smaller class sizes which could lead to more individualized attention for students. For investors, real estate agents, and those looking to move, this trend can be appealing as it suggests a more supportive educational environment. Appraisers and insurers might also find this data useful when assessing property values and risks, as quality education services often contribute to stable, desirable communities.
