Routt County Market Trends
Median Value of Occupied Housing Units in Routt County, Colorado Over the Last 8 Years
Over the past 8 years, median home values in Routt County, Colorado, surged from $394,600 in 2015 to $691,800 in 2022, reflecting a dramatic upswing compared to broader trends. As Routt County's values consistently outpaced both Colorado's state median, which went from $247,800 to $465,900, and the national median, which rose from $125,500 to $179,400, it may suggest strong local demand or limited supply in Routt County. This presents a unique opportunity for investors or prospective homeowners seeking significant appreciation in property values.
Residential Energy Tax Credit Per Tax Return in Routt County, CO Over the Last 9 Years
Over the past nine years, Routt County, Colorado has seen a notable fluctuation in average residential energy tax credits per tax return, peaking significantly in 2018 at $2733.33. While initial years observed modest incentives, dramatic increases in 2015 and subsequent years suggest growing emphasis on energy-efficient home investments. For potential investors or residents, this trend highlights a strong community and governmental support for sustainable living, making it an attractive location for eco-friendly property developments and energy-conscious investments.
Average Real Estate Taxes Per Tax Return in Routt County, CO Over the Last 10 Years
Real estate taxes per tax return in Routt County, Colorado, have been on a steady incline over the past decade, rising from around $3,135.24 in 2012 to approximately $6,330.29 in 2021. This rise is likely reflective of increasing property values and possibly higher municipal spending, making the area both a growing investment opportunity and a potentially more costly place to live. Potential investors and residents should consider how these tax trends could impact their finances and the overall market appeal.
Percentage of Farm Returns in Routt County, CO Over the Last 10 Years
Farm tax returns in Routt County, Colorado have shown a gradual decline over the past decade, slipping from approximately 3.82% in 2012 to about 3.15% in 2021. This trend could suggest various shifts in the local agricultural economy and land use, which may be relevant for those considering investments, property development, or relocation. Farm tax returns are essentially reports filed by agricultural operations to indicate income and expenses, offering a glimpse into the economic health and viability of farming in the region. This decline might hint at challenges faced by local farmers, changes in land ownership, or shifts towards other types of land use.
Number of Mortgages by Occupancy Type in Routt County, CO Over the Last 5 Years in Routt County
The mortgage trends in Routt County, Colorado, exhibit notable fluctuations over the past five years, particularly in how properties are being utilized. Investment property mortgages peaked in 2021 but saw a steep decline by 2022. Principal residence mortgages consistently dominate but show a significant drop in 2022, possibly indicative of shifts in the local housing market or buyer preferences. Second residences peaked in 2020, aligning with increased remote work flexibility but have since moderated. These changes in occupancy types are crucial for attracting specific investors, impacting local real estate market stability, informing property value appraisals, and assessing risks for insurance agents. Understanding these dynamics helps stakeholders better navigate future investments, development plans, and policy-making decisions.
Economic Outlook
Average Taxable Income per Tax Return in Routt County, CO over the last 9 years
The average taxable income per tax return in Routt County, CO has shown a substantial increase over the past nine years, growing from $73,386.27 in 2013 to a staggering $218,814.47 in 2021. This upward trend highlights the county's rising affluence, making it an attractive spot for potential investors, property developers, and new residents. Notably, the jump from 2019's $128,683.13 to 2021's $218,814.47 points to a significant economic shift, likely propelled by factors such as local economic growth or population changes.
Average State and Local Income Taxes Per Tax Return in Routt County, CO Over the Last 10 Years
Routt County, CO has experienced a significant rise in state and local income taxes per tax return over the past decade, jumping from $7,753.93 in 2012 to $35,055.06 in 2021. This upward trend indicates a growing tax burden for residents, which is noteworthy for both current and prospective residents assessing the financial implications of living in the area. Such substantial increases may reflect broader economic changes, rising incomes, or adjustments in tax policies within the county.
Average Total Tax Liability Per Tax Return in Routt County, CO Over the Last 10 Years
Routt County, Colorado, has seen a dramatic rise in the average total tax liability per tax return over the past decade, escalating from $16,179.98 in 2012 to an impressive $47,389.47 by 2021. This substantial increase suggests a significant upward trend in resident income levels, which makes the area more attractive for high-income individuals and potential investors. The data reflects a growing economic prosperity in the county, making it a prime location for those looking to invest in real estate, move to, or establish new properties in a thriving community.
Cost of Living in Routt County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,063 | $1,874 | $2,015 | $2,492 | $2,426 |
| 1 adult 4 children | $2,063 | $1,530 | $1,560 | $2,492 | $2,475 |
| 2 adults 3 children | $2,063 | $1,531 | $1,738 | $2,492 | $2,142 |
| 1 adult 3 children | $2,063 | $1,250 | $1,283 | $2,492 | $2,252 |
| 2 adults 2 children | $1,695 | $1,253 | $1,462 | $2,177 | $1,705 |
| 1 adult 2 children | $1,695 | $936 | $1,007 | $2,177 | $1,788 |
| 2 adults 1 child | $1,695 | $990 | $1,186 | $1,153 | $1,294 |
| 1 adult 1 child | $1,695 | $640 | $731 | $1,153 | $1,291 |
| 2 adults | $1,288 | $796 | $910 | $0 | $893 |
| 1 adult | $1,279 | $434 | $455 | $0 | $834 |
Safety trends & Data
Property Crime Trends in Routt County, CO Over the Last 5 Years
Routt County, Colorado has experienced generally fluctuating property crime rates over the past five years. The most notable trends show that larceny-theft has consistently been the most prevalent property crime, peaking at 83.0 incidents in 2018 and hitting a low of 36.0 in 2021. Vandalism and burglary have also been common, with vandalism holding relatively steady around 24-30 incidents annually, while burglary saw a peak at 20.0 in 2019 and a dip to 9.0 in 2020. These trends are key for investors, builders, and real estate agents to assess risk, value, and insurance needs in the area.
Demographics
Routt County, Colorado, showcases a slightly male-dominant adult population and a highly educated demographic, with a noteworthy proportion holding bachelor's and graduate degrees. Age distribution suggests a large segment in the 35 to 64-year age brackets, while the racial composition is predominantly White, with minor representation from other racial groups. These trends may influence local economic opportunities, housing market dynamics, and educational services, pointing to a community that... Read more
Race Distribution in Routt County, Colorado (2022)
Educational Attainment in Routt County, Colorado (2022)
Age Distribution in Routt County, Colorado
Citizen Population in Routt County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Routt County, Colorado, the voting patterns in the 2020 U.S. Presidential Election perhaps suggest a strong inclination towards the Democratic Party, which garnered roughly 62.7% of the vote. The Republican Party trailed significantly with approximately 35.1%. Minor parties, including the Libertarian and Green parties, appeared to play a minimal role, collectively achieving around 1.6% of the vote. This likely indicates that third-party influence was not a significant factor in this county's electoral landscape.
35.11% of voters voted for the Republican party in the 2020 Presidential Election
62.70% of voters voted for the Democrat party in the 2020 Presidential Election
1.40% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.57% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Routt County, Colorado over the last 10 years
Routt County, Colorado has shown some fluctuations in the student-to-teacher ratio over the past decade, varying from a low of 12 students per teacher in 2015 and 2016 to a high of 17 in 2021. While the ratio has trended slightly above the national average of 14 students per teacher in recent years, it still returned closer to this benchmark in 2022 and 2023 with ratios nearing 14 supporters. These shifts can affect educational quality, with lower ratios often indicating more personalized instruction and potentially better academic outcomes, which is crucial for families considering relocation. Furthermore, such data is valuable for real estate agents, investors, appraisers, and insurance agents as it informs the desirability and valuation of properties in the area. As student-to-teacher ratios can be indicative of the overall quality of local education systems, these trends are also pivotal for those developing new properties or schools in Routt County.
