Yuma County Market Trends
Median Value of Occupied Housing Units in Yuma County, Colorado Over the Last 8 Years
Over the past eight years, median home values in Yuma County, Colorado have displayed significant volatility, peaking at $201,500 in 2022 despite some fluctuations. While Yuma County's growth rate has been substantial, it still trails behind Colorado's overall market, where median home values surged to $465,900 in 2022. Comparatively, national median values have risen more steadily, reaching $179,400 in 2022. These trends suggest that while Yuma County may offer more affordable options within Colorado, potential investors or homebuyers should consider the broader state and national market landscapes when making decisions.
Residential Energy Tax Credit Per Tax Return in Yuma County, CO Over the Last 7 Years
Yuma County, Colorado has seen notable fluctuations in residential energy tax credits per tax return over the past seven years, with a substantial rise from $280.00 in 2013 to a peak of $850.00 in 2020. This increase suggests a growing investment in energy-efficient home improvements, which can be appealing for potential investors or homeowners aiming to reduce long-term energy costs and increase property value.
Average Real Estate Taxes Per Tax Return in Yuma County, CO Over the Last 10 Years
Yuma County, Colorado has experienced a noticeable upward trend in average real estate taxes per tax return over the past decade. Starting at $1,200.00 in 2012, taxes have gradually increased, spiking significantly to $2,250.00 by 2021. This implies rising property values or higher tax rates, potentially impacting decisions for investors, prospective homeowners, and developers considering the area.
Percentage of Farm Returns in Yuma County, CO Over the Last 10 Years
Over the last decade, Yuma County, Colorado has seen farm returns fluctuate between roughly 15.17% and 16.59%. This relative stability in farm returns might interest potential investors or new residents as it indicates a solid agricultural base. Farm tax returns generally refer to filings that report farm income and expenses to the government, highlighting the economic health of the agricultural sector. These trends suggest that while there are minor yearly variations, farming remains a crucial and steady part of the local economy, which could be reassuring for those considering investment or development in the area.
Number of Mortgages by Occupancy Type in Yuma County, CO Over the Last 5 Years in Yuma County
In Yuma County, Colorado, the number of mortgages for principal residences consistently outnumbers those for investment properties and second homes over the past five years. There's a noticeable incline in mortgage counts for principal residences, peaking in 2021, which could signal an increased demand for housing driven by lifestyle changes or economic factors. The relatively lower and stable mortgage counts for investment properties may imply a cautious investment environment or indicate less speculative activity in the area. These patterns are vital for investors seeking stable markets, prospective homeowners analyzing community growth, appraisers assessing property values, insurance agents gauging risk profiles, and real estate agents strategizing client services.
Economic Outlook
Average Taxable Income per Tax Return in Yuma County, CO over the last 9 years
Yuma County, Colorado has seen substantial fluctuations in average taxable income per tax return over the past nine years, with a notable dip in 2016, dropping to $46,049.19, and then a record high in 2021 at $64,753.24. The overall trend suggests a resilient economy, bouncing back from mid-decade lows and showing strong growth in recent years. This variability highlights opportunities for investors and potential residents, indicating both risks and rewards in Yuma County's economic landscape.
Average State and Local Income Taxes Per Tax Return in Yuma County, CO Over the Last 10 Years
Yuma County, CO, has seen considerable fluctuations in state and local income taxes per tax return over the past decade. From a peak of $7,449.21 in 2014 to a low of $4,948.39 in 2016, the taxes have shown volatility but have generally trended upwards in recent years, reaching $7,326.67 in 2021. This trend is particularly relevant for those considering a move to Yuma County as it indicates an increasing tax burden, which may impact financial planning and cost of living decisions.
Average Total Tax Liability Per Tax Return in Yuma County, CO Over the Last 10 Years
In the past decade, Yuma County, Colorado has seen significant fluctuations in average total tax liability per tax return. The highest liability was in 2014 at $10,699.06, while the lowest was in 2018 at $7,052.63. A notable decline occurred from 2014 to 2018, followed by a steady increase again through 2021, reaching $9,852.92. For potential investors, this variability underscores the importance of considering tax trends as part of financial planning. For residents or potential movers, understanding these tax liabilities can influence personal budgeting and long-term financial decisions.
Cost of Living in Yuma County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,347 | $1,323 | $2,013 | $1,311 | $1,355 |
| 1 adult 4 children | $1,347 | $1,080 | $1,559 | $1,311 | $1,495 |
| 2 adults 3 children | $1,347 | $1,081 | $1,737 | $1,311 | $1,121 |
| 1 adult 3 children | $1,347 | $882 | $1,283 | $1,311 | $1,235 |
| 2 adults 2 children | $1,107 | $885 | $1,461 | $1,136 | $947 |
| 1 adult 2 children | $1,107 | $661 | $1,007 | $1,136 | $951 |
| 2 adults 1 child | $1,107 | $699 | $1,185 | $566 | $856 |
| 1 adult 1 child | $1,107 | $452 | $731 | $566 | $720 |
| 2 adults | $841 | $562 | $909 | $0 | $658 |
| 1 adult | $835 | $306 | $455 | $0 | $598 |
Safety trends & Data
Property Crime Trends in Yuma County, CO Over the Last 5 Years
Property crime trends in Yuma County, Colorado, reveal a noteworthy increase in larceny-theft, peaking at 6.0 incidents in 2022. This suggests potential risks and security concerns for both residential and commercial property owners. Insurance agents might want to consider these trends in crime when evaluating premiums or claims. For investors and developers, understanding these patterns could be crucial for informed decision-making, as they may impact property values and safety perceptions. Additionally, real estate agents should be aware of these trends to better inform potential buyers and renters. Appraisals might also take these crime rates into account, particularly if they continue to rise.
Demographics
Yuma County, Colorado, shows a nearly balanced adult population by gender, with a slight male majority. Educational attainment suggests a significant proportion just completed high school or some college without a degree. Age-wise, there's a notable concentration in younger cohorts under 34 years and a substantial representation in the 55 to 64 bracket, indicating both youth and nearing-retirement demographics. Racially, the population is predominantly White, with small minorities of other... Read more
Race Distribution in Yuma County, Colorado (2022)
Educational Attainment in Yuma County, Colorado (2022)
Age Distribution in Yuma County, Colorado
Citizen Population in Yuma County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Yuma County, Colorado, the 2020 U.S. Presidential Election saw a significant lean towards the Republican Party, with preliminary data suggesting they may have garnered over 82% of the vote. In contrast, the Democratic Party appeared to secure just under 16%. Libertarian candidates potentially attracted around 1%, while the Green Party and other candidates each possibly gathered less than 1%. This distribution might illustrate a strong conservative presence in the county.
82.45% of voters voted for the Republican party in the 2020 Presidential Election
15.76% of voters voted for the Democrat party in the 2020 Presidential Election
1.04% of voters voted for the Livertarian party in the 2020 Presidential Election
0.04% 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 Yuma County, Colorado over the last 10 years
Yuma County, Colorado has experienced a fluctuating yet generally increasing student-to-teacher ratio over the past decade, with a recent high of 18 students per teacher in 2023. This ratio consistently exceeds the national average of 14 students per teacher, which might suggest larger class sizes and potentially less individualized attention for students. For investors, real estate agents, or those considering relocating, this could indicate varying educational quality and impact property desirability. Insurance agents and appraisers might also note this trend as it could affect family-friendly community assessments. Builders and developers should consider these education metrics when planning family-targeted housing projects.
