Latah County Real Estate and Livability Trends
Latah County, Idaho stands out with substantial real estate trends. Median home values have impressively increased from $191,100 to $309,300 between 2015 and 2022, revealing a possibly lucrative but less accelerated ascent compared to state figures. An over 100% rise in average state and local income taxes per tax return from 2012 to 2021 suggests robust economic growth, potentially increasing... Read more
Latah County Market Trends
Latah County, Idaho, has seen its median home values jump from $191,100 to $309,300 between 2015 and 2022, suggesting a compelling yet slightly slower rise compared to Idaho's state-wide figures. This uptick could reveal investment opportunities within a more relaxed market. Meanwhile, residential energy tax credits climbed tremendously, from $330.30 in 2013 to $1,058.82 in 2020, hinting at... Read more
Median Value of Occupied Housing Units in Latah County, Idaho Over the Last 8 Years
Latah County, Idaho, has experienced a remarkable rise in median home values over the past eight years, escalating from $191,100 in 2015 to $309,300 in 2022. Comparing this to Idaho's state-wide increase from $162,900 to $331,600, it appears Latah County's growth, while significant, lags somewhat behind the state's overall trend. On the national stage, where median home values rose from $125,500 to $179,400, Latah County shows a strikingly higher value both initially and in recent years. This data could be appealing for investors or new residents looking for potentially less competitive markets within Idaho, while still benefiting from the state's general upward trend in home values.
Residential Energy Tax Credit Per Tax Return in Latah County, ID Over the Last 8 Years
Latah County, Idaho has shown a notable increase in the average residential energy tax credit per tax return over the past eight years. The figures highlight a significant rise from $330.30 in 2013 to $1,058.82 in 2020, peaking at $1,058.82. This overall upward trend may suggest growing investments in energy-efficient home improvements and could be of interest to property investors, real estate agents, and those considering moving to the area. It’s also valuable data for appraisers and insurance agents assessing property values and risks, as energy efficiency can be a considerable factor in long-term savings and sustainability.
Average Real Estate Taxes Per Tax Return in Latah County, ID Over the Last 10 Years
In Latah County, Idaho, average real estate taxes per tax return have shown a consistent upward trend over the past decade, rising from approximately $2,531.37 in 2012 to around $4,441.49 by 2021. This steady increase may influence decisions for those interested in moving to or investing in the area. Real estate agents and property appraisers might find these rising taxes significant when assessing property values, while prospective homeowners and investors should consider these potential costs in their financial planning.
Percentage of Farm Returns in Latah County, ID Over the Last 10 Years
In Latah County, Idaho, the percentage of farm tax returns has shown a slight but consistent decline over the past decade, from roughly 4.46% in 2012 to about 3.59% in 2021. Farm tax returns, which indicate agricultural activity and related income, are a good indicator of the economic health of the farming sector. This trend might suggest that fewer individuals or entities are engaging in farming locally, potentially due to economic shifts, urbanization, or changes in agricultural viability. Prospective investors, property developers, or new residents might find this useful when considering the long-term viability and growth of agricultural activities in the county.
Number of Mortgages by Occupancy Type in Latah County, ID Over the Last 5 Years in Latah County
In Latah County, Idaho, the number of mortgages for principal residences shows a generally stable trend over the past five years, with notable peaks in 2019 and 2020, indicating consistent demand for owner-occupied housing. Meanwhile, investment properties saw a minor rise in 2020 but remained relatively lower compared to principal residences. Mortgages for second residences have consistently been the lowest, reflecting possibly limited demand for vacation homes in the area. The focus on principal residences could suggest a strong local community with fewer transient or investment-driven buys, which might influence long-term property values and community cohesion. For investors and real estate professionals, the relatively lower number of investment properties and second residences may indicate fewer opportunities for short-term gains, but potentially higher stability in property values driven by homeowner occupancy.
Economic Outlook
Latah County, Idaho has seen a substantial rise in average taxable income per tax return over the past nine years, jumping from approximately $50,451.50 in 2013 to around $78,135.21 in 2021. During the last decade, average state and local income taxes per tax return have also surged from $5,755.75 in 2012 to $12,309.09 by 2021, indicating a significant increase of over 100%. These trends suggest a robust local economy, making Latah County an appealing spot for investors and potential residents,... Read more
Average Taxable Income per Tax Return in Latah County, ID over the last 9 years
Over the past nine years, Latah County, Idaho has experienced a notable increase in average taxable income per tax return, rising from approximately $50,451.50 in 2013 to about $78,135.21 in 2021. This steady growth suggests a strengthening local economy, which could be appealing to investors and potential residents. The significant jump in 2021 highlights a particularly prosperous year that may warrant further investigation for those considering long-term investments or property development in the area.
Average State and Local Income Taxes Per Tax Return in Latah County, ID Over the Last 10 Years
Over the last decade, Latah County, Idaho, has experienced a notable upward trend in average state and local income taxes per tax return. Starting from $5,755.75 in 2012, the amount surged to a significant $12,309.09 by 2021. This substantial increase of over 100% highlights the region's growing financial commitment and could signal both rising incomes and increased public funding needs. For prospective investors, developers, and residents, this trend is crucial as it reflects the economic dynamism and potential shifts in the financial landscape of Latah County.
Average Total Tax Liability Per Tax Return in Latah County, ID Over the Last 10 Years
Over the past decade, Latah County, Idaho has seen a noticeable upward trend in the average total tax liability per tax return, starting at around $7,147.02 in 2012 and reaching approximately $12,270.34 by 2021. This nearly 72% increase highlights how the financial landscape has shifted, potentially reflecting rising incomes or changes in tax policies. For investors and those considering a move, it’s worth noting this trend, as it might suggest economic growth or increased cost of living in the area.
Cost of Living in Latah County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,226 | $1,685 | $1,702 | $1,439 | $1,285 |
| 1 adult 4 children | $1,226 | $1,376 | $1,318 | $1,439 | $1,414 |
| 2 adults 3 children | $1,226 | $1,377 | $1,469 | $1,439 | $1,029 |
| 1 adult 3 children | $1,226 | $1,124 | $1,085 | $1,439 | $1,135 |
| 2 adults 2 children | $863 | $1,127 | $1,235 | $1,255 | $816 |
| 1 adult 2 children | $863 | $842 | $851 | $1,255 | $779 |
| 2 adults 1 child | $863 | $891 | $1,001 | $656 | $735 |
| 1 adult 1 child | $863 | $575 | $617 | $656 | $599 |
| 2 adults | $680 | $715 | $768 | $0 | $564 |
| 1 adult | $619 | $390 | $384 | $0 | $517 |
Safety trends & Data
Latah County, Idaho, has experienced notable shifts in property crime over the past five years, with larceny-theft cases slightly decreasing from a high of 64 incidents in 2020 to 63 in 2022. Burglary incidents have surged from 10 in 2018 to 36 in 2022, hinting at an upward trend, while vandalism peaked at 17 incidents in 2022. These shifts could significantly influence decisions on security measures and insurance policies for potential property investors or movers. Real estate agents and... Read more
Property Crime Trends in Latah County, ID Over the Last 5 Years
Over the past five years, Latah County, Idaho, has seen fluctuating property crime trends. Notably, larceny-theft consistently topped the list, with a high of 64 incidents in 2020 and slightly decreasing to 63 in 2022. Burglary incidents surged from 10 in 2018 to 36 in 2022, suggesting an upward trend. Vandalism varied but reached its peak at 17 incidents in 2022. For those considering property investments or moves, understanding these shifts could influence decisions on security measures and insurance policies. Real estate agents and appraisers might also find these trends significant when assessing property values and market attractiveness in the county.
Demographics
Latah County, Idaho, displays notable gender parity among adults, with a slight tilt towards males. Educationally, a significant portion of the population has reached at least a high school level, with a considerable number holding bachelor's and graduate degrees, hinting at an educated workforce. The age distribution is fairly youthful, with substantial representation in the 15-24 age bracket, possibly influenced by local universities or colleges. Racially, the county is predominantly White,... Read more
Race Distribution in Latah County, Idaho (2022)
Educational Attainment in Latah County, Idaho (2022)
Age Distribution in Latah County, Idaho
Citizen Population in Latah County, Idaho (2022)
Political Trends & Data
In Latah County, Idaho, the 2020 Presidential Election appeared to be a competitive race with the Democratic candidate possibly leading slightly over the Republican contender. Despite Idaho's traditionally strong Republican preference, Latah County's close race and marginal Libertarian support might indicate a diverse political landscape. This nuanced political climate could potentially influence local real estate trends, given that political leanings often correlate with varying demand for... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Latah County, Idaho, the 2020 U.S. Presidential Election saw a competitive race with the Democratic candidate potentially leading slightly over the Republican contender. A smaller fraction of voters supported the Libertarian candidate, while the Green Party and other parties seemed to draw negligible support. This suggests a region that may lean Democratic, contrasting with the traditionally strong Republican preference in Idaho.
46.05% of voters voted for the Republican party in the 2020 Presidential Election
49.76% of voters voted for the Democrat party in the 2020 Presidential Election
2.96% of voters voted for the Livertarian party in the 2020 Presidential Election
1.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Latah County, Idaho has experienced fluctuations in its student-to-teacher ratio, peaking at sixteen in 2019 and dipping to thirteen in 2021, currently sitting at fourteen. This aligns with the national average and can be particularly relevant for investors, appraisers, and real estate agents, signaling a potentially higher quality of education. For those planning to build or buy property, these trends provide insight into the community's prioritization of education and future... Read more
Student-to-teacher ratio in Latah County, Idaho over the last 10 years
Latah County, Idaho has seen fluctuations in its student-to-teacher ratio over the past decade, ranging from a high of 16 in 2019 to a low of thirteen in 2021. Currently, the ratio sits just at fourteen, which aligns with the national average of 14 students per teacher. These trends may be particularly relevant for potential investors, appraisers, and real estate agents, as lower student-to-teacher ratios can indicate a higher quality of education, potentially making the area more appealing to families. Additionally, for those planning to build or buy property, understanding these shifts can offer insight into the community’s prioritization of education and future growth potential.
