Florida Real Estate and Livability Trends
Florida's real estate market indicates robust growth, with taxable incomes nearly doubling from $56,964.62 in 2013 to $98,264.93 by 2021, suggesting improved economic conditions and job opportunities. Median home values have surged from $159,000 in 2015 to $292,200 in 2022, likely driven by increased demand and population growth. Rising residential energy tax credits per return, reaching... Read more
Florida Market Trends
The median home value in Florida has jumped from $159,000 in 2015 to $292,200 in 2022, outpacing the national median increase, hinting at strong market prospects likely driven by rising demand and population growth. The state has also seen a significant rise in residential energy tax credits per return, climbing from $485.46 in 2013 to $2,278.45 in 2021, reflecting a boost in sustainable energy... Read more
Median Value of Occupied Housing Units in Florida Over the Last 8 Years
The median home value in Florida has nearly doubled from $159,000 in 2015 to $292,200 in 2022, marking an aggressive upward trend. In comparison, the national median home value increased more modestly from $125,500 to $179,400 over the same period. This significant differential could suggest a more robust housing market in Florida, possibly driven by factors like population growth or increased demand for coastal properties. For investors, builders, and potential homeowners, Florida's market appears to offer strong appreciation potential compared to the national average.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Florida over the last 10 years
Active Loans 30-60 Days Past Due in Florida over the last 10 years in Florida
Perent of loans that are Active Loans 90-180 Days Past Due in Florida over the last 10 years in Florida
Residential Energy Tax Credit Per Tax Return in Florida Over the Last 9 Years
Over the last nine years, Florida has seen a significant increase in the average residential energy tax credit per tax return, starting at $485.46 in 2013 and reaching $2,278.45 by 2021. Notably, there was a dramatic spike in 2017 to $1,198.76 and a peak in 2018 at $2,403.17, indicating a surge in residential energy investments. This persistent growth showcases the state's commitment to sustainability and presents favorable conditions for homeowners and investors interested in renewable energy solutions.
Average Real Estate Taxes Per Tax Return in Florida Over the Last 10 Years
Florida has seen a noticeable increase in average real estate taxes per tax return over the last decade. Starting from an average of $4,330.65 in 2012, there's a consistent upward trend peaking at $8,822.53 in 2021. This could suggest a significant rise in property values and possibly higher spending on local services, making it an important consideration for investors, homebuyers, and current residents interested in the housing market trajectory of the state.
Percentage of Farm Returns in Florida Over the Last 10 Years
For investors, property developers, and residents in Florida, farm tax returns have shown a fairly consistent yet gradual decline over the past decade. Starting at approximately 0.40% in 2012 and edging down to about 0.30% by 2021, this trend could signal some shifts in the agricultural landscape. While taxes can be a complex issue, the steady decrease in farm returns percentage may indicate evolving economic conditions or changes in business structures within the farming community. Understanding these trends could be crucial for anyone looking to invest in agricultural projects, develop rural properties, or simply grasp the dynamics of Florida's farm economy.
Economic Outlook
Florida's real estate market has experienced considerable economic growth over the past decade, with average taxable income per tax return soaring from $56,964.62 in 2013 to $98,264.93 by 2021. This uptick points towards a stronger economy and increased job opportunities, making the state more attractive for investors and new residents. However, it's important to note the sharp rise in state and local income taxes, which hit $53,911.20 in 2021 from $16,798.89 in 2012, indicating changing fiscal... Read more
Average Taxable Income per Tax Return in Florida over the last 9 years
Over the last nine years, Florida has seen a significant increase in average taxable income per tax return, from $56,964.62 in 2013 to $98,264.93 in 2021. The consistent upward trend, especially notable after 2016, suggests a robust economic growth and improving living standards. This makes Florida an attractive destination for potential investors and those looking to relocate, as higher taxable incomes often correlate with better job opportunities and a stronger economy.
Average State and Local Income Taxes Per Tax Return in Florida Over the Last 10 Years
Over the last decade, the average state and local income taxes per tax return in Florida have shown significant volatility and a remarkable upward trend, reaching as high as $53,911.20 by 2021. Following a steady increase from around $16,798.89 in 2012 to $21,942.72 by 2017, there's a noticeable leap to $28,892.90 in 2018, which continues to escalate sharply. This trend highlights evolving fiscal policies and economic conditions, likely impacting financial decisions for those considering living or investing in Florida.
Average Total Tax Liability Per Tax Return in Florida Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Florida has shown a notable upward trend, jumping from $11,724.30 in 2012 to $20,302.23 in 2021. This steady increase, with some years like 2017 and 2020 seeing significant spikes, suggests a rising economic potential and cost of living in the state. For investors and those considering moving or building in Florida, this data highlights the importance of understanding tax implications as part of financial planning.
Cost of Living in Florida
Safety trends & Data
Florida's property crime rates have experienced notable fluctuations over the past five years, especially in categories like arson and fraud. Arson incidents spiked dramatically to 7,418 cases in 2019, compared to just 202 in 2018, although this fell to 528 by 2021. Similarly, fraud cases peaked at 61,346 in 2019, then declined to 7,657 by 2022. These shifts may influence property values, insurance rates, and market behavior, making it critical for real estate investors, developers, and... Read more
Property Crime Trends in Florida Over the Last 5 Years
Florida has seen some significant fluctuations in property crime rates over the last five years. Arson incidents peaked dramatically in 2019 with 7,418 cases, compared to just 202 in 2018; however, this declined substantially to 528 in 2021. Fraud has consistently been the most prevalent property crime, with a notable spike to 61,346 cases in 2019, though it decreased to 7,657 by 2022. Similarly, the category of "Forgery and Counterfeiting" saw a major rise, reaching 10,540 cases in 2019, but reduced to 1,169 by 2022. Real estate investors, developers, and insurance agents should be aware of these trends as they may affect property values, insurance rates, and overall market behavior in Florida.
Demographics
Florida's population reveals a slight gender imbalance with more females than males. The state's educational landscape is diverse, with significant portions of the population holding high school diplomas, some college experience, or advanced degrees. Age distribution shows a balanced spread across various age groups, but with a noticeable segment of the population being 55 or older, reflecting an aging demographic. In terms of racial composition, Florida is predominantly White, with substantial... Read more
Race Distribution in Florida (2022)
Educational Attainment in Florida (2022)
Age Distribution in Florida
Citizen Population in Florida (2022)
Political Trends & Data
Florida's political scene shows a slight Republican lean, with over 51% GOP support in the 2020 U.S. Presidential Election, compared to nearly 48% for Democrats, maintaining a close contest. Third parties, like Libertarians and Greens, barely moved the needle, collectively netting less than 1%, underscoring Florida's strong two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Florida's 2020 U.S. Presidential Election results suggest a slight edge for the Republican party, with just over 51% of the votes. Democrats were close behind at nearly 48%, indicating a competitive two-party dynamic. Minor parties, including Libertarians and Greens, garnered minimal support, collectively receiving less than 1% of the vote. This suggests that Florida's political landscape remains predominantly bipartisan with little influence from third-party candidates.
51.22% of voters voted for the Republican party in the 2020 Presidential Election
47.86% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Libertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Florida has increased from about 15 students per teacher in 2014 to just over 19 in 2023, surpassing the U.S. national average of 14 students per teacher. This trend could indicate larger class sizes and strained educational resources, something real estate agents and potential investors might need to consider. Appraisers and insurance agents might find this relevant as it could impact property values and community perceptions. Builders and developers might see... Read more
Student-to-teacher ratio in Florida over the last 10 years
The student-to-teacher ratio in Florida has shown a noticeable increase over the past decade, from about 15 students per teacher in 2014 to just over 19 in 2023. This uptick surpasses the current U.S. national average of 14 students per teacher, potentially indicating larger class sizes and potentially strained resources. For real estate agents and those looking to invest in or move to Florida, this trend might signal the need for awareness regarding educational quality. Appraisers and insurance agents might also find this relevant as it could potentially impact property values and community development sentiments. Builders and developers could see opportunities in catering to educational infrastructure demands, whereas residents and general enthusiasts might be concerned about the implications for local schools and children’s education quality.
