Power County Real Estate and Livability Trends
Power County, Idaho is experiencing economic growth with average taxable incomes rising from $42,671.92 in 2013 to $55,269.21 by 2021, attracting potential investors and homeowners. Median home values increased from $125,500 in 2015 to $174,200 in 2022, making it an appealing, lower-cost alternative to state median values. Meanwhile, real estate taxes and property crime rates have fluctuated,... Read more
Power County Market Trends
Power County, Idaho, has seen its median home values rise from $125,500 in 2015 to $174,200 in 2022, making it more affordable than the Idaho state median value of $331,600. This offers a unique investment opportunity for those looking for growth potential without high costs. Energy-efficient upgrades have gained momentum, evidenced by rising residential energy tax credits peaking at $1,500.00 in... Read more
Median Value of Occupied Housing Units in Power County, Idaho Over the Last 8 Years
Over the past eight years, Power County, Idaho's median home values have shown a steady appreciation, starting at $125,500 in 2015 and reaching $174,200 in 2022. When compared to the national median home values, Power County has generally tracked below the U.S. average—most noticeably in 2022, when the U.S. median hit $179,400. The state of Idaho overall has seen more dramatic increases, with its median home value rocketing from $162,900 in 2015 to $331,600 in 2022, suggesting Power County is a more affordable option within the state. This discrepancy provides potential investors and homebuyers with a unique opportunity to invest in an area that has room for growth while remaining relatively low-cost compared to other parts of Idaho and the nation.
Residential Energy Tax Credit Per Tax Return in Power County, ID Over the Last 8 Years
Over the last 8 years, residential energy tax credits in Power County, Idaho have generally trended upwards despite fluctuations. From a stable $200.00 in 2013 and 2014, there was a gradual rise to $300.00 in 2016, followed by a notable jump to $1,050.00 in 2019 and peaking at $1,500.00 in 2020 before a dip to $900.00 in 2021. For potential investors, builders, and real estate agents, this indicates increasing energy-efficient renovations and possible rising property values, signaling a growing interest in sustainable living.
Average Real Estate Taxes Per Tax Return in Power County, ID Over the Last 10 Years
Over the past decade, Power County, Idaho, has seen notable fluctuations in average real estate taxes per tax return. From 2012’s $1,801.75 to a peak of $3,200.00 in 2018, followed by a slight decline to $2,775.00 in 2021, these trends suggest various influencing factors at play, possibly including assessed property values and tax rate changes. Such volatility can be crucial for investors, homeowners, and professionals in real estate and finance to keep in mind when making informed decisions about property investments or valuations in this area.
Percentage of Farm Returns in Power County, ID Over the Last 10 Years
The percentage of farm returns in Power County, Idaho over the last decade has fluctuated, starting at 7.21% in 2012 and ending at around 5.98% by 2021. Peaks were seen in 2016 with a near 7.37%, while the lowest point was around 5.88% in 2020. This trend may suggest varying levels of agricultural productivity and economic factors impacting farm operations. For prospective investors or those looking to move, this data hints at changing agricultural viability in the region, which can influence land value and local economy stability. Farm tax returns are documents submitted by farmers to report income and expenses, critical for understanding the economic health of the agricultural sector.
Number of Mortgages by Occupancy Type in Power County, ID Over the Last 5 Years in Power County
Trends in Power County, Idaho's mortgage statistics over the past five years reveal a significant dominance in principal residence mortgages, with notable fluctuations. Investment property mortgages have remained relatively stable, while second residence mortgages show sporadic activity. These shifts reflect changing demands and can impact local property values, development potential, and community character. For investors, understanding these trends can guide decisions about where to allocate resources; potential residents might gauge neighborhood stability or growth; appraisers and agents can better evaluate market dynamics; and insurance agents might adjust coverage offerings based on occupancy types.
Economic Outlook
Power County, Idaho has witnessed a growing economic vitality, highlighted by an increase in average taxable income per tax return from around $42,671.92 in 2013 to $55,269.21 by 2021. This reflects a healthier local economy that could attract investors, homeowners, and businesses. Concurrently, average state and local income taxes per tax return have risen from $5,798.00 in 2012 to $7,754.55 in 2021, suggesting an increased tax burden to consider. Fluctuations in total tax liability, with... Read more
Average Taxable Income per Tax Return in Power County, ID over the last 9 years
Over the last nine years, Power County, Idaho has seen a noticeable upward trend in average taxable income per tax return. In 2013, the average was approximately $42,671.92, gradually increasing to $55,269.21 by 2021. This reflects a growing economic vitality which could be appealing for investors, potential homeowners, and businesses considering this region for development. The rise in average taxable income suggests a healthier, more affluent local economy and potential for increased spending and investment in the community.
Average State and Local Income Taxes Per Tax Return in Power County, ID Over the Last 10 Years
Power County, Idaho has seen a notable increase in average state and local income taxes per tax return over the past decade. In 2012, the average tax return was $5,798.00, which steadily grew to $7,754.55 by 2021. This upward trend, peaking particularly in 2020 and 2021, highlights a rising tax burden which potential investors, property developers, and new residents should consider when evaluating the cost of living and economic climate in the area. The fluctuations and gradual rise suggest changes in local economic policies or shifts in income levels, making it a critical factor for financial planning and long-term commitments in Power County.
Average Total Tax Liability Per Tax Return in Power County, ID Over the Last 10 Years
Over the last decade, Power County, Idaho has seen variable trends in average total tax liability per tax return. Notable peaks occurred in 2013 and 2021, reaching up to approximately $7,418.13 and $7,470.16 respectively, hinting at economic shifts or policy changes during those years. A significant dip in 2018 and 2019, where liabilities fell to around $6,218.23 and $6,140.76, might indicate temporary fiscal relief or economic downturns. These fluctuations could impact investor strategies, property valuations, and tax planning considerations for residents and potential newcomers.
Cost of Living in Power County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,244 | $1,556 | $1,714 | $1,099 | $1,182 |
| 1 adult 4 children | $1,244 | $1,271 | $1,323 | $1,099 | $1,308 |
| 2 adults 3 children | $1,244 | $1,271 | $1,481 | $1,099 | $940 |
| 1 adult 3 children | $1,244 | $1,038 | $1,090 | $1,099 | $1,039 |
| 2 adults 2 children | $875 | $1,041 | $1,248 | $957 | $760 |
| 1 adult 2 children | $875 | $777 | $857 | $957 | $690 |
| 2 adults 1 child | $875 | $823 | $1,015 | $496 | $704 |
| 1 adult 1 child | $875 | $531 | $624 | $496 | $592 |
| 2 adults | $665 | $661 | $782 | $0 | $586 |
| 1 adult | $585 | $360 | $391 | $0 | $536 |
Safety trends & Data
Power County, Idaho has shown varied property crime trends over the past five years. Larceny-theft dropped from 13 incidents in 2018 to 2 in 2019, only to spike back to 14 in 2022. Vandalism peaked at 9 cases in both 2018 and 2021 but decreased to 4 in 2022. Motor vehicle theft consistently stayed low, fluctuating between 1 and 5 incidents annually. While less frequent, there have been occasional reports of arson, burglary, and fraud. These patterns may be important for investors and real... Read more
Property Crime Trends in Power County, ID Over the Last 5 Years
Power County, Idaho has seen fluctuating patterns in property crime over the past five years, with notable spikes in certain categories. Larceny-theft experienced a significant drop from 13 incidents in 2018 to just 2 in 2019, but rose sharply to 14 in 2022. Vandalism saw a high of 9 cases in both 2018 and 2021 but dropped to just 4 in 2022. Motor vehicle thefts have remained relatively low, varying slightly between 1 and 5 incidents annually. There were occasional instances of arson, burglary, and fraud, suggesting these crimes are less frequent but present. These trends could be pertinent for investors, real estate professionals, and residents in gauging the overall safety and stability of the area.
Demographics
Power County, Idaho shows a nearly balanced gender distribution with females slightly outnumbering males. The educational landscape reveals a significant portion of the population has only a high school diploma or some college experience, while a relatively smaller group holds bachelor’s or advanced degrees. Age-wise, there's a noticeable youthful demographic under 10 years, yet balanced representation across other age groups. Racially, the community is predominantly White, with a notable... Read more
Race Distribution in Power County, Idaho (2022)
Educational Attainment in Power County, Idaho (2022)
Age Distribution in Power County, Idaho
Citizen Population in Power County, Idaho (2022)
Political Trends & Data
Power County, Idaho, seemingly exhibits a strong Republican leaning, potentially shaping broader socio-economic factors including real estate trends. Democrats received a notably smaller portion of votes, which could signal limited political diversity. Third-party representation appears minimal, reinforcing the dominant two-party system with Republicans significantly prevailing. While this could suggest political stability, it may also hint at less progressive policy changes, possibly affecting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Power County, Idaho, the 2020 U.S. Presidential Election showed a significant leaning towards the Republican party, possibly reflecting the broader political landscape of the region. Democrats garnered a noticeably smaller share of the vote, while third-party affiliations like Libertarian and other minor parties made up a very small percentage. This suggests a stable bipartite dynamic with an overwhelming majority favoring Republicans.
68.84% of voters voted for the Republican party in the 2020 Presidential Election
28.14% of voters voted for the Democrat party in the 2020 Presidential Election
1.33% of voters voted for the Livertarian party in the 2020 Presidential Election
1.69% of voters voted for the Other party in the 2020 Presidential Election
School Data
Power County, Idaho has seen notable variations in its student-to-teacher ratio over the past decade, peaking in 2015 at nearly 16 students per teacher—significantly above the national average of 14. In 2016 and 2018, ratios dipped below 13, indicating periods of more personalized student attention. These trends are crucial for prospective investors or families, shedding light on educational resource allocations and classroom conditions, which may influence property valuations and insurance... Read more
Student-to-teacher ratio in Power County, Idaho over the last 10 years
Power County, Idaho has experienced fluctuations in its student-to-teacher ratio over the past decade. Notably, in 2015 the ratio peaked at nearly 16 students per teacher, considerably higher than the current U.S. national average of 14. Conversely, 2016 and 2018 saw ratios drop below 13, suggesting periods of potentially more personalized attention for students. These trends could be essential for prospective investors or families considering relocation, as they reflect broader educational resource allocations and classroom conditions. Appraisers and insurance agents might also factor these trends into the valuation of educational infrastructure.
