Lemhi County Real Estate and Livability Trends
Lemhi County, Idaho has seen a significant uptick in average taxable income per tax return, jumping from $49,536.07 in 2020 to $63,871.72 in 2021. This economic improvement could lure more investment and property development. Median home values have risen from $192,100 in 2020 to $254,800 in 2022, indicating potential investment opportunities. However, real estate taxes have also increased,... Read more
Lemhi County Market Trends
In Lemhi County, Idaho, median home values experienced a notable rise from $192,100 in 2020 to $254,800 in 2022, suggesting potential investment opportunities despite lagging behind the state median. Residential energy tax credits per tax return have surged, peaking notably at $1,662.50 in 2021, signaling increased interest in energy-efficient home improvements. Real estate taxes have shown a... Read more
Median Value of Occupied Housing Units in Lemhi County, Idaho Over the Last 8 Years
Over the past eight years, median home values in Lemhi County, Idaho, have trended upwards, particularly from 2020 onwards. By comparison, Lemhi County's 2022 median value of $254,800 lags behind Idaho's state median of $331,600 but exceeds the national median of $179,400. This could suggest attractive investment opportunities in Lemhi County, where property values seem more accessible while still reflecting growth, albeit at a pace slower than the state average. Analyzing the recent surge from $192,100 in 2020 to $254,800 in 2022 indicates a significant interest and possible future expansion in the area.
Residential Energy Tax Credit Per Tax Return in Lemhi County, ID Over the Last 8 Years
Lemhi County, Idaho shows a notable upward trend in residential energy tax credits per tax return over the last eight years, with significant peaks in 2014 at $1,285.71 and 2021 at $1,662.50. This could indicate a growing adoption of energy-efficient home improvements, driven by incentives. For those investing, moving to, or building property in this region, these tax credits might lower overall expenses. Real estate agents, appraisers, and insurance agents should be aware of these trends as they can influence property values and insurance qualifications. This increase can also signal a larger community focus on sustainability, appealing to environmentally conscious buyers.
Average Real Estate Taxes Per Tax Return in Lemhi County, ID Over the Last 10 Years
Over the past decade, Lemhi County, Idaho has seen real estate taxes per tax return generally increase, jumping from $1,325.35 in 2012 to $2,137.50 by 2021. A notable spike occurred between 2017 and 2018, rising sharply from $1,705.97 to $2,133.33 and staying above the $2,000 mark since then. This upward trend could be indicative of rising property values or changes in tax policy, influencing decisions for potential homeowners, real estate investors, and financial planners considering the area.
Percentage of Farm Returns in Lemhi County, ID Over the Last 10 Years
Over the past decade, Lemhi County, Idaho has seen a fluctuating trend in farm tax returns with percentages ranging from 7.56% to 8.29%. Farm tax returns, which capture a portion of the agricultural financial activity, can serve as an informal economic indicator. For prospective investors, these trends could hint at the stability, growth, or difficulties within the agricultural sector specific to this region, impacting decisions related to property investment and development. The peak in 2013 at 8.29%, followed by a dip to 6.26% in 2020, may suggest varying degrees of agricultural productivity and economic health. Understanding these variables can be crucial for anyone looking to make informed choices about moving to or investing in Lemhi County.
Number of Mortgages by Occupancy Type in Lemhi County, ID Over the Last 5 Years in Lemhi County
The number of mortgages in Lemhi County, Idaho for principal residences has generally increased over the past five years, peaking at 527 in 2021 before dropping to 369 in 2022. Mortgages for investment properties and second residences have seen less dramatic fluctuations, with investment properties peaking slightly at 22 in 2021 and second residences maintaining an average around 30-40 mortgages annually. Shifts in occupancy type are essential for investors, insurers, and real estate agents, as they signal changing market demands, potential shifts in property valuation, and risk factors. For those building or moving into the area, understanding occupancy trends helps align with local market dynamics and future growth potential.
Economic Outlook
Lemhi County, Idaho has experienced a notable jump in average taxable income per tax return in recent years, soaring from $49,536.07 in 2020 to $63,871.72 in 2021. This rise suggests economic improvements, making the area more enticing for investment, relocation, and property development. Alongside this, average state and local income taxes have also increased, from $6,057.89 in 2012 to $9,235.71 in 2021, which could influence overall affordability. The average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Lemhi County, ID over the last 9 years
Lemhi County, Idaho has seen a notable increase in average taxable income per tax return over the past nine years, indicating a potential for rising economic prosperity. Particularly remarkable is the jump from $49,536.07 in 2020 to $63,871.72 in 2021. This steady upward trend, especially the significant leap in recent years, makes Lemhi County an interesting area for investment, relocation, and property development, suggesting improving economic conditions and income levels.
Average State and Local Income Taxes Per Tax Return in Lemhi County, ID Over the Last 10 Years
Lemhi County, Idaho has seen a notable rise in average state and local income taxes per tax return over the past decade. From $6,057.89 in 2012, the amount has climbed to $9,235.71 in 2021. This significant upward trend may impact those considering moving to or investing in the area, as higher taxes could affect overall affordability and financial planning.
Average Total Tax Liability Per Tax Return in Lemhi County, ID Over the Last 10 Years
In Lemhi County, Idaho, over the past decade, the average total tax liability per tax return has exhibited noticeable fluctuations, with a low of $5,999.15 in 2013 and a peak reaching $9,537.05 in 2021. Investors and potential residents might find this variability indicative of changes in income levels, tax policies, or economic conditions in the region. Understanding these dynamics could be critical for financial planning, real estate investment decisions, or evaluating the broader economic health of Lemhi County.
Cost of Living in Lemhi County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,142 | $1,822 | $1,790 | $1,168 | $1,335 |
| 1 adult 4 children | $1,142 | $1,488 | $1,386 | $1,168 | $1,453 |
| 2 adults 3 children | $1,142 | $1,488 | $1,545 | $1,168 | $1,054 |
| 1 adult 3 children | $1,142 | $1,215 | $1,141 | $1,168 | $1,146 |
| 2 adults 2 children | $844 | $1,218 | $1,299 | $1,012 | $852 |
| 1 adult 2 children | $844 | $910 | $895 | $1,012 | $782 |
| 2 adults 1 child | $844 | $963 | $1,053 | $506 | $762 |
| 1 adult 1 child | $844 | $622 | $650 | $506 | $624 |
| 2 adults | $641 | $773 | $808 | $0 | $624 |
| 1 adult | $637 | $422 | $404 | $0 | $575 |
Safety trends & Data
Lemhi County, Idaho has had fluctuating trends in property crimes over the past five years. Vandalism arrests have notably increased, peaking at six in 2021 and staying relatively high. Burglary incidents have decreased, with just one arrest in 2020 and none since. Larceny-theft has shown persistent fluctuations. These patterns could influence decisions in security measures and community planning. Appraisers and insurance agents might also need to consider these trends for accurate valuation... Read more
Property Crime Trends in Lemhi County, ID Over the Last 5 Years
Over the past five years, Lemhi County, Idaho has seen fluctuating trends in property crimes. Vandalism arrests have shown a notable increase, peaking at six in 2021 and remaining relatively high. Burglary incidents seem to have decreased, with only one arrest reported in 2020 and none thereafter. Larceny-theft has experienced some ups and downs but remained a persistent issue with varying frequency each year. Those considering investments or property developments should note these patterns, as they could influence decisions about security measures and community engagement. For appraisers and insurance agents, understanding these trends may also play a role in valuation and risk assessment.
Demographics
Lemhi County, Idaho, shows an adult population slightly skewed towards males, with nearly 3,429 males compared to 3,191 females. Educational attainment is diverse, but a significant portion of residents has completed high school or attended some college without earning a degree. Age-wise, the county has a larger elderly demographic, especially those aged 65 to 74 and 75 and over, potentially impacting local healthcare and community services. The racial makeup is overwhelmingly White, with... Read more
Race Distribution in Lemhi County, Idaho (2022)
Educational Attainment in Lemhi County, Idaho (2022)
Age Distribution in Lemhi County, Idaho
Citizen Population in Lemhi County, Idaho (2022)
Political Trends & Data
Lemhi County, Idaho, exhibited a compelling trend in the 2020 U.S. Presidential Election, with potentially over 75% of the votes leaning Republican. Meanwhile, Democrats secured just above 21%, highlighting a substantial political divide. The Libertarian vote share was minor, around 1.6%, indicating limited third-party influence. This data might suggest a deeply entrenched Republican support base in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lemhi County, Idaho, saw a significant leaning toward the Republican party in the 2020 U.S. Presidential Election, with possibly more than three-quarters of the votes. The Democratic party trailed with perhaps just over 21%, reflecting a notable gap. Libertarians had a minimal presence, possibly garnering around 1.6% of the vote, while votes for other parties were negligible. This trend may suggest a strong, longstanding Republican base in this region.
75.81% of voters voted for the Republican party in the 2020 Presidential Election
21.78% of voters voted for the Democrat party in the 2020 Presidential Election
1.65% of voters voted for the Livertarian party in the 2020 Presidential Election
0.76% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lemhi County, Idaho’s student-to-teacher ratio has seen dramatic changes over the past decade, dipping from 15 in 2014 to 8 in 2016, and then stabilizing between 10 to 13 in recent years. This shift, compared to the national average of 14, hints at a more personalized educational setting, making the area appealing for families seeking quality education. Additionally, such trends could influence property values and investment attractiveness, as lower ratios might reflect a community that... Read more
Student-to-teacher ratio in Lemhi County, Idaho over the last 10 years
Lemhi County, Idaho has experienced notable fluctuations in the student-to-teacher ratio over the last decade. Starting at 15 students per teacher in 2014, the ratio dipped dramatically to 8 in 2016 before stabilizing around a range of 10 to 13 in recent years. Compared to the current national average of 14 students per teacher, Lemhi County's smaller class sizes could suggest a more personalized educational environment, which may appeal to families prioritizing individualized attention for their children. This trend could matter to investors and real estate agents as it potentially enhances the area's attractiveness for new residents seeking quality education. Furthermore, appraisers and insurance agents might find these lower student-to-teacher ratios indicative of a community that values and possibly invests more in its educational infrastructure, impacting property values and risk assessments respectively.
