Elmore County Real Estate and Livability Trends
Elmore County, Idaho exhibits strong economic momentum, with average taxable income per tax return rising from $40,311.37 in 2013 to $54,150.28 in 2021, accompanied by higher state and local income taxes. Real estate trends reveal a substantial surge in median home values, nearly doubling from $135,300 in 2015 to $235,200 in 2022, possibly reflecting wider economic growth and increased property... Read more
Elmore County Market Trends
In Elmore County, Idaho, the median home value surged nearly $100,000 from $135,300 in 2015 to $235,200 in 2022, outpacing the national growth rate. The rising real estate taxes, from $1,647.98 in 2012 to $3,112.12 in 2021, likely reflect increasing property values and public spending. The significant increase in residential energy tax credits, peaking at $3,100.00 in 2021, hints at growing... Read more
Median Value of Occupied Housing Units in Elmore County, Idaho Over the Last 8 Years
The median home value in Elmore County, Idaho has climbed sharply over the past eight years, from $135,300 in 2015 to $235,200 in 2022. This nearly $100,000 increase highlights a stronger growth rate compared to the national median, which rose from $125,500 to $179,400 in the same period. While Idaho as a whole also saw significant gains, with home values jumping from $162,900 to $331,600, Elmore County’s rise indicates a robust local market that’s gaining momentum. This upward trend makes Elmore County an intriguing spot for potential homebuyers and investors looking to tap into a rising market.
Residential Energy Tax Credit Per Tax Return in Elmore County, ID Over the Last 9 Years
In Elmore County, Idaho, the residential energy tax credit per tax return has shown significant upward movement, particularly in recent years. Starting at $244.44 in 2013 and peaking at $3,100.00 in 2021, there has been a clear inclination toward higher credits, suggesting a trend of residents increasingly investing in energy-efficient home improvements. This shift could indicate growing awareness and adoption of green technologies, which might be appealing for potential investors, appraisers, and real estate agents looking to understand the area’s market for sustainable living. This trend is also likely to affect insurance considerations and property valuations in the future, as energy efficiency becomes more integral to modern living.
Average Real Estate Taxes Per Tax Return in Elmore County, ID Over the Last 10 Years
Elmore County, Idaho has seen a noticeable increase in real estate taxes per tax return over the last decade, with a steady upward trend from $1,647.98 in 2012 to $3,112.12 in 2021. This rise in property taxes likely reflects growing property values and possibly increased public spending in the area. For potential investors, this trend could indicate strong local economic growth, which might translate to appreciating property values. Real estate agents and builders might see opportunities in offering premium homes, knowing buyers are willing to pay higher taxes. However, those looking to move to or currently living in Elmore County should be aware of these increasing costs, which could affect overall affordability.
Percentage of Farm Returns in Elmore County, ID Over the Last 10 Years
Farm tax returns in Elmore County, Idaho, have shown a slight downward trend over the last decade, starting from around 2.84% in 2012 and dipping to approximately 2.06% by 2021. This gradual decline in farm-related tax filings might indicate shifts in the local agricultural economy, possibly reflecting changes like urban development or diversification away from farming. For those looking to invest in or move to Elmore County, such data may suggest evolving land use, which could impact property values, zoning, and investment opportunities.
Number of Mortgages by Occupancy Type in Elmore County, ID Over the Last 5 Years in Elmore County
In Elmore County, Idaho, there's a noticeable preference for mortgages on principal residences, which have seen a substantial increase from 2018 to 2021, peaking in 2021 at 2,762. Investment property mortgages and second residence mortgages have remained relatively stable, with minor fluctuations. For potential investors or real estate agents, the significant rise in principal residence mortgages implies strong residential growth, making it an appealing market. Insurance agents and appraisers might be interested in the dominant trend towards primary residences, which could affect risk assessments and property valuations.
Economic Outlook
Elmore County, Idaho has witnessed a consistent rise in average taxable income per tax return over the past nine years, climbing from $40,311.37 in 2013 to $54,150.28 in 2021. Concurrently, average state and local income taxes have experienced a notable hike, up from $4,716.67 in 2012 to $8,240.63 in 2021. Total tax liabilities also generally trended upward over the decade, reaching $6,637.50 in 2021. These trends may hint at economic growth, improved employment opportunities, and possibly... Read more
Average Taxable Income per Tax Return in Elmore County, ID over the last 9 years
Over the last nine years, Elmore County, Idaho has seen a steady increase in average taxable income per tax return, rising from $40,311.37 in 2013 to $54,150.28 in 2021. This upward trend might suggest economic growth and could be appealing to potential investors, homeowners, and developers eyeing the region. Such financial dynamics may also reflect improvements in local employment opportunities and overall quality of life, making Elmore County a potentially attractive area for relocation or investment.
Average State and Local Income Taxes Per Tax Return in Elmore County, ID Over the Last 10 Years
Elmore County, Idaho has seen a steady increase in average state and local income taxes per tax return over the past decade. Starting at $4,716.67 in 2012, the amounts have risen annually with occasional fluctuations, reaching a notable high of $8,240.63 in 2021. This upward trend reflects growing economic pressures and possibly higher taxable incomes, making it a vital consideration for potential investors, residents, and property developers in the area.
Average Total Tax Liability Per Tax Return in Elmore County, ID Over the Last 10 Years
Over the past decade, Elmore County, Idaho has shown a generally upward trend in average total tax liability per tax return. The amount has increased from $4,819.04 in 2012 to $6,637.50 in 2021, with some fluctuations. This data might be useful for potential investors, homebuyers, and property developers as it can indicate economic growth or changes in the tax landscape. It could also be significant for current residents who are interested in the historical tax trends and future predictions.
Cost of Living in Elmore County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,350 | $1,456 | $1,567 | $1,168 | $1,093 |
| 1 adult 4 children | $1,350 | $1,189 | $1,214 | $1,168 | $1,227 |
| 2 adults 3 children | $1,350 | $1,189 | $1,352 | $1,168 | $872 |
| 1 adult 3 children | $1,350 | $971 | $999 | $1,168 | $980 |
| 2 adults 2 children | $950 | $974 | $1,137 | $1,012 | $702 |
| 1 adult 2 children | $950 | $727 | $784 | $1,012 | $639 |
| 2 adults 1 child | $950 | $769 | $922 | $506 | $648 |
| 1 adult 1 child | $950 | $497 | $568 | $506 | $554 |
| 2 adults | $723 | $618 | $706 | $0 | $535 |
| 1 adult | $718 | $337 | $353 | $0 | $532 |
Safety trends & Data
Elmore County, Idaho has experienced a notable reduction in property crime over the past five years. Burglary incidents dropped from 19 in 2018 to just 4 in 2022, while larceny-theft decreased from a peak of 29 in 2019 to 16 in both 2020 and 2022. Vandalism rates have also generally declined. This downward trend in crime can positively impact property values and insurance premiums, making Elmore County potentially more attractive to investors and... Read more
Property Crime Trends in Elmore County, ID Over the Last 5 Years
Elmore County, Idaho has shown an easing trend in property crime over the last five years, particularly in burglary and motor vehicle theft. Notable is the consistent decrease in burglary incidents from 19 in 2018 to just 4 in 2022. Larceny-theft, though fluctuating, shows a reduction from its peak of 29 in 2019 to 16 in both 2020 and 2022. Vandalism, while still present, has seen a general decline, with a low of 3 incidents reported in 2020 and 2021. This cumulative trend could signal a positive shift for potential investors and residents, suggesting an improving safety environment which can influence property values and insurance premiums favorably.
Demographics
Elmore County, Idaho has a marginally higher male population, reflecting broader national trends in gender distribution. Educational attainment is skewed towards high school graduates and those with some college education; fewer individuals hold advanced degrees, possibly impacting the county's professional workforce. Age-wise, there's a notable concentration of residents in their mid-20s to mid-30s, hinting at a youthful, potentially family-centered community. Racially, Elmore County is... Read more
Race Distribution in Elmore County, Idaho (2022)
Educational Attainment in Elmore County, Idaho (2022)
Age Distribution in Elmore County, Idaho
Citizen Population in Elmore County, Idaho (2022)
Political Trends & Data
Elmore County, Idaho, leans heavily Republican, with the GOP possibly securing over 70% of the vote in the 2020 presidential election. Democrats might be less represented, accounting for around 25% of the votes, while Libertarians, though minimal, had a bit over 2%. Other parties seem to have very limited support among the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Elmore County, Idaho, appears notably Republican-leaning, with the party potentially securing over 70% of the vote in the 2020 presidential election. Democrats, while perhaps less represented, made up roughly a quarter of the votes. Libertarians had a minimal yet noticeable presence, garnering just over 2%. Small fractions of the electorate supported other parties.
71.00% of voters voted for the Republican party in the 2020 Presidential Election
25.49% of voters voted for the Democrat party in the 2020 Presidential Election
2.20% of voters voted for the Livertarian party in the 2020 Presidential Election
1.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Elmore County, Idaho has seen its student-to-teacher ratio fluctuate between 14.93 and 17.51 over the past decade, generally staying above the national average of 14 students per teacher. This could imply larger class sizes, which might affect the quality of education and individual attention students receive. For those thinking of moving to the area or investing in education-related infrastructure, this trend may highlight a need for more resources or additional teachers to improve educational... Read more
Student-to-teacher ratio in Elmore County, Idaho over the last 10 years
Elmore County, Idaho has shown some fluctuation in its student-to-teacher ratio over the past decade, with values ranging from 14.93 to 17.51. Despite these variations, the county's ratio has generally stayed above the national average of 14 students per teacher. This higher ratio could potentially imply larger class sizes, which might influence the quality of education and individual attention students receive. This trend may be relevant for those considering relocating to the area or investing in local education-related infrastructure, as it can point to the need for more educational resources or hiring more teachers to lower the ratio and enhance educational outcomes.
