Butte County Real Estate and Livability Trends
Butte County, Idaho, leans significantly toward the Republican side, with about 85% of votes cast for the GOP in the last presidential election. This conservative bent might shape local policies and regulations, influencing aspects such as property taxes and community planning. Grasping this political context could provide valuable insight for predicting future real estate trends and investment... Read more
Butte County Market Trends
Over the last eight years, Butte County, Idaho has seen its median home values nearly double, moving from $105,800 in 2015 to $194,700 in 2022. This growth, while significant, pales in comparison to the state of Idaho’s surge to $331,600. Real estate taxes have climbed consistent with rising property values, with notable spikes in 2018 and 2019, and were about $2,175.00 in 2021. Interestingly,... Read more
Median Value of Occupied Housing Units in Butte County, Idaho Over the Last 8 Years
Over the last 8 years, Butte County, Idaho, has seen an overall increase in median home values, climbing from $105,800 in 2015 to $194,700 in 2022. This growth trajectory, although robust, remains more moderate compared to the state of Idaho, which surged from $162,900 in 2015 to $331,600 in 2022. When set against the national median, which grew from $125,500 to $179,400 over the same period, Butte County's market appears to offer a more affordable entry point. These trends could appeal to potential investors or those looking to relocate, as the area might present opportunities for appreciation without the hefty price tag seen in other parts of Idaho.
Average Real Estate Taxes Per Tax Return in Butte County, ID Over the Last 10 Years
Real estate taxes per tax return in Butte County, Idaho have seen a consistent upward trend over the past decade, rising from around $1204.17 in 2012 to $2175.00 in 2021. Noteworthy spikes occurred in 2018 and 2019, with taxes jumping by roughly $460.00 and $208.33, respectively. This steady increase in real estate taxes may be indicative of rising property values or changes in county tax assessments. Potential buyers, investors, and property developers should be mindful of these tax trends, as they could impact both long-term expenses and the attractiveness of the region for residential or commercial development.
Percentage of Farm Returns in Butte County, ID Over the Last 10 Years
Over the last decade, Butte County, Idaho has experienced a fluctuating but generally declining trend in the percentage of farm tax returns filed each year, dropping from around 15.84% in 2012 to approximately 12.82% in 2021. Farm tax returns are a clear indicator of agricultural activity and economic reliance on farming within the county. For those looking to invest, relocate, or build property in Butte County, understanding this trend is crucial as it could reflect shifting economic priorities or challenges in the local agricultural sector.
Number of Mortgages by Occupancy Type in Butte County, ID Over the Last 5 Years in Butte County
Over the last five years, Butte County, Idaho has seen a notable dominance in mortgages for Principal Residences, peaking significantly in 2021 with 179 compared to a consistent but smaller number for Investment Properties and Second Residences. For those looking to invest, these trends imply that the market is heavily leaning towards owner-occupied homes, suggesting possible stability and community growth, while the dip in 2022 invites a deeper dive into local economic factors. For appraisers and insurance agents, understanding these dynamics could be crucial in assessing property values and insurance risks comprehensively. Builders and real estate agents can strategically focus on new developments and marketing efforts aligned with the strong demand for primary homes, potentially capitalizing on this persistence in Principal Residence mortgages.
Economic Outlook
In Butte County, Idaho, the average taxable income has been on an upward trend, peaking at $56,547.83 in 2021. This indicates a growing economic resilience in the area, which could make it attractive for investment and development. The average state and local income taxes per tax return have also risen significantly—from $4,128.57 in 2012 to $9,933.33 in 2021—reflecting broader economic shifts and potentially expanded local services. Additionally, the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Butte County, ID over the last 9 years
The average taxable income in Butte County, Idaho has seen some fluctuation over the past nine years, with a notable upward trajectory in recent years. After a dip between 2015 to 2017, there's been a steady increase, peaking at an average taxable income of $56,547.83 in 2021. This trend suggests a growing economic resilience, potentially making it an attractive area for investment and development. As incomes rise, the area's appeal to new residents and businesses could also be increasing, signifying a promising outlook for stakeholders.
Average State and Local Income Taxes Per Tax Return in Butte County, ID Over the Last 10 Years
Over the last decade, Butte County, Idaho has experienced a significant rise in average state and local income taxes per tax return. Starting from $4,128.57 in 2012, the figure has climbed steadily, reaching $9,933.33 by 2021. Noteworthy spikes occurred in 2015, 2019, and notably in 2020 and 2021, reflecting broader economic shifts. This trend suggests increasing fiscal pressures but may also indicate rising incomes or expanded local services. Investors and potential residents should consider these escalating tax obligations when evaluating the financial landscape of Butte County, Idaho.
Average Total Tax Liability Per Tax Return in Butte County, ID Over the Last 10 Years
Over the last decade in Butte County, Idaho, the average total tax liability per tax return has generally trended upward, starting at around $5,645.83 in 2012 and reaching approximately $7,480.68 in 2021. Notable increases occurred between 2018 and 2021, suggesting potential economic growth or changes in tax policies. This upward trend could indicate a rising economic activity or shifts in demographic earning patterns, which might be of interest to potential investors, property developers, and new residents evaluating Butte County for future opportunities.
Cost of Living in Butte County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,294 | $2,043 | $1,805 | $1,099 | $1,560 |
| 1 adult 4 children | $1,294 | $1,668 | $1,393 | $1,099 | $1,676 |
| 2 adults 3 children | $1,294 | $1,669 | $1,560 | $1,099 | $1,244 |
| 1 adult 3 children | $1,294 | $1,362 | $1,148 | $1,099 | $1,352 |
| 2 adults 2 children | $913 | $1,366 | $1,314 | $957 | $955 |
| 1 adult 2 children | $913 | $1,020 | $902 | $957 | $900 |
| 2 adults 1 child | $913 | $1,080 | $1,069 | $496 | $863 |
| 1 adult 1 child | $913 | $697 | $657 | $496 | $709 |
| 2 adults | $742 | $867 | $824 | $0 | $730 |
| 1 adult | $620 | $473 | $412 | $0 | $618 |
Safety trends & Data
Property crime in Butte County, Idaho has been variable over the past few years, with diverse incidents such as stolen property in 2018, larceny-theft and motor vehicle theft in 2021, and vandalism in 2022. Understanding these trends can help potential investors and future residents make more informed decisions about living or investing in the... Read more
Property Crime Trends in Butte County, ID Over the Last 3 Years
Property crime in Butte County, Idaho has displayed some variability over the last three years, with isolated incidents spread across different categories. In 2018, there was a notable case of stolen property involving buying, receiving, or possessing. Fast forward to 2021, the county recorded a single instance of both larceny-theft and motor vehicle theft, suggesting some diversity in criminal activities. By 2022, vandalism emerged as a concern with one recorded incident. For potential investors, real estate agents, and those considering moving to the area, being aware of these crime trends can assist in making more informed decisions.
Demographics
Butte County, Idaho shows a slightly higher population of females compared to males and a relatively balanced age distribution with notable numbers in the under 10 and 25 to 34 age groups. Educational attainment highlights that a majority have graduated high school, though fewer have pursued higher education beyond an associate's degree. Almost the entire population identifies as White, reflecting minimal racial diversity. These trends could suggest certain social and economic priorities for... Read more
Race Distribution in Butte County, Idaho (2022)
Educational Attainment in Butte County, Idaho (2022)
Age Distribution in Butte County, Idaho
Citizen Population in Butte County, Idaho (2022)
Political Trends & Data
Butte County, Idaho, tends to sway heavily Republican, with around 85% of votes going to the GOP in the last presidential election. This conservative tilt could play a role in shaping local policies and regulations, potentially impacting everything from property taxes to community planning and development. Understanding this political landscape may offer insight into future real estate trends and investment opportunities in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Butte County, Idaho, exhibits a significant lean towards the Republican party, with an estimated 85% of the vote. Democrats appear to have garnered approximately 13%, while Libertarians and other parties received minimal support. This voting pattern likely underscores the county's strong conservative base, a trend that might influence local and state policies.
84.95% of voters voted for the Republican party in the 2020 Presidential Election
13.29% of voters voted for the Democrat party in the 2020 Presidential Election
0.78% of voters voted for the Livertarian party in the 2020 Presidential Election
0.99% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Butte County, Idaho, peaked at around 16:1 in 2016 but has since dropped to about 14:1, aligning with the national average. This trend suggests a more personalized educational experience, which might attract families and enhance property appeal. Investors and developers might find this beneficial as it indicates a supportive environment for educational growth. For appraisal and insurance sectors, the stable to decreasing ratio could imply well-maintained... Read more
Student-to-teacher ratio in Butte County, Idaho over the last 10 years
Over the past decade, the student-to-teacher ratio in Butte County, Idaho, has fluctuated, peaking at around 16 students per teacher in 2016 and gradually decreasing to approximately 14 students per teacher in recent years. With the national average for the United States being 14, Butte County is currently on par or slightly below in terms of classroom density, which might appeal to families prioritizing personalized education. Investors and real estate developers could find this trend noteworthy as it suggests a supportive environment for educational growth, which can enhance property appeal. For those in the appraisal and insurance sectors, this stable to decreasing ratio might indicate well-maintained educational infrastructure and potentially lower risks associated with overcrowded schools.
