Alachua County Real Estate and Livability Trends
Over the last nine years, Alachua County, Florida has seen a near 44% rise in average taxable income per tax return, from $54,156.49 in 2013 to $78,057.63 in 2021, but this is paired with a substantial increase in average state and local income taxes per tax return, up from $7,047.24 to $13,547.46 over the same period. The median home values have grown consistently from $164,000 in 2015 to... Read more
Alachua County Market Trends
In Alachua County, Florida, median home values have risen consistently over the last eight years, from $164,000 in 2015 to $245,600 in 2022, paralleling state trends but growing at a slower pace compared to Florida overall. The average residential energy tax credit per tax return has varied significantly, hitting $2,876.60 in 2018, suggesting a robust focus on energy-efficient home improvements.... Read more
Median Value of Occupied Housing Units in Alachua County, Florida Over the Last 8 Years
Alachua County, Florida's median home values have shown steady increases over the last eight years, jumping from $164,000 in 2015 to $245,600 in 2022. This local growth is in line with the state's overall trend but at a more modest pace compared to Florida's leap from $159,000 to $292,200 during the same period. While Alachua County's growth might seem slower, it still outpaces the national increase from $125,500 to $179,400, suggesting the area may present a less volatile yet potentially lucrative market.
Residential Energy Tax Credit Per Tax Return in Alachua County, FL Over the Last 9 Years
In Alachua County, Florida, the average residential energy tax credit per tax return has seen significant fluctuations over the past nine years. Starting at $416.29 in 2013, there has been a substantial increase, peaking at $2,876.60 in 2018. This pattern indicates a growing investment in energy-efficient home improvements, reflecting broader trends towards sustainability and green living. Such sharp rises in tax credits suggest that homeowners are heavily incentivized to implement energy-saving measures, making the county an attractive location for eco-conscious investors and residents alike.
Average Real Estate Taxes Per Tax Return in Alachua County, FL Over the Last 10 Years
Over the last decade, Alachua County in Florida has seen a notable increase in the average real estate taxes per tax return, escalating from approximately $3,809.97 in 2012 to around $6,742.47 by 2021. This steady upward trend could indicate a rising property value scenario, which might appeal to potential investors or those looking to build property in the area. Existing residents and prospective movers may need to account for the potential impact on their cost of living, considering how a nearly 77% increase could affect long-term financial planning.
Percentage of Farm Returns in Alachua County, FL Over the Last 10 Years
Alachua County, Florida, has seen a declining trend in the percentage of farm tax returns over the last decade, dropping from 1.07% in 2012 to 0.85% in 2021. Farm tax returns are an important indicator in this context as they represent the economic activity tied to agriculture within the county. A decreasing percentage could signal a shift away from agricultural pursuits, impacting land use decisions, property values, and investment opportunities related to farming. This trend might interest potential investors, developers, or residents considering the future economic landscape and diversification of Alachua County.
Number of Mortgages by Occupancy Type in Alachua County, FL Over the Last 5 Years in Alachua County
The trend in Alachua County, Florida, over the past five years shows a substantial dominance of Principal Residence mortgages, peaking in 2021 with 15,910 before dropping in subsequent years. Investment Property mortgages trended upwards until 2021 but saw a slight decline post-2020. Second Residence mortgages have remained relatively low and stable. These fluctuations in occupancy types matter because they reflect broader economic and demographic shifts that can indicate market health and investment potential. For instance, a high number of Principal Residence mortgages could suggest a strong local economy and stable job market, whereas fluctuations in Investment Property mortgages might hint at changes in investor confidence or rental demand. Understanding these dynamics is crucial for potential homebuyers, appraisers, insurers, and property developers as they assess market viability and risks.
Economic Outlook
Over the last nine years, Alachua County, Florida has seen a near 44% increase in average taxable income per tax return, climbing from $54,156.49 in 2013 to $78,057.63 by 2021. However, this economic growth is mirrored by a substantial rise in the average state and local income taxes per tax return, increasing from $7,047.24 in 2012 to $13,547.46 in 2021. This growing tax burden, particularly sharp from 2018 onwards, could affect disposable income and the overall cost of living. Despite these... Read more
Average Taxable Income per Tax Return in Alachua County, FL over the last 9 years
Over the last nine years, Alachua County, FL has seen a steadily increasing trend in average taxable income per tax return. Starting in 2013 at $54,156.49, it has grown consistently, reaching $78,057.63 in 2021. This near 44% increase suggests a robust economic growth, making it an attractive locale for investors, prospective residents, and developers looking for a stable and upward trending market.
Average State and Local Income Taxes Per Tax Return in Alachua County, FL Over the Last 10 Years
Over the last decade, Alachua County, FL has seen a significant increase in the average state and local income taxes per tax return, rising from $7,047.24 in 2012 to $13,547.46 in 2021. This upward trend highlights an escalating tax burden for residents, particularly noticeable from 2018 onwards, where there is a marked jump and continual yearly increments. The increase may reflect broader economic shifts or policy changes impacting local taxpayers. For potential movers or current residents, understanding these trends is crucial as it directly affects disposable income and overall cost of living.
Average Total Tax Liability Per Tax Return in Alachua County, FL Over the Last 10 Years
Over the last decade, Alachua County, Florida has seen a steady increase in the average total tax liability per tax return. Starting at $9,826.99 in 2012, there has been a notable rise, reaching $13,625.56 by 2021. This consistent growth underscores a significant trend of increasing financial obligations, which may be an important factor for potential investors, new residents, and property developers to consider in their planning and decision-making processes.
Cost of Living in Alachua County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,518 | $1,685 | $2,059 | $1,294 | $1,094 |
| 1 adult 4 children | $1,518 | $1,376 | $1,576 | $1,294 | $1,207 |
| 2 adults 3 children | $1,518 | $1,377 | $1,786 | $1,294 | $888 |
| 1 adult 3 children | $1,518 | $1,124 | $1,303 | $1,294 | $969 |
| 2 adults 2 children | $1,142 | $1,127 | $1,513 | $1,132 | $723 |
| 1 adult 2 children | $1,142 | $842 | $1,030 | $1,132 | $679 |
| 2 adults 1 child | $1,142 | $891 | $1,240 | $604 | $692 |
| 1 adult 1 child | $1,142 | $575 | $757 | $604 | $558 |
| 2 adults | $950 | $715 | $967 | $0 | $588 |
| 1 adult | $860 | $390 | $484 | $0 | $489 |
Safety trends & Data
Property crime in Alachua County, Florida has seen significant fluctuations over the past four years, with Larceny-Theft dropping from 1,153 incidents in 2019 to just 37 in 2022. Burglary also declined drastically from 365 cases to just 2 in the same period, and Motor Vehicle Theft saw a similar reduction from 137 to 3. These trends might suggest a positive shift for potential investors or those considering relocation, as declining crime rates often enhance property values and community appeal.... Read more
Property Crime Trends in Alachua County, FL Over the Last 4 Years
Property crime in Alachua County, Florida has significantly fluctuated over the past four years. Notably, Larceny-Theft saw a sharp decline from 1,153 incidents in 2019 to just 37 in 2022. Burglary followed a similar trend, dropping from 365 cases in 2019 to a mere 2 in 2022. Motor Vehicle Theft also decreased substantially, with 137 cases in 2019 dwindling to only 3 by 2022. These trends could indicate a positive shift for those considering investment or relocation, as lower crime rates often enhance property values and community appeal. Yet, despite the overall decline, it’s worth noting that while some crimes like Arson and Vandalism have seen less dramatic reductions, others like Forgery and Counterfeiting have shown inconsistent changes, reflecting the complex nature of community safety and law enforcement effectiveness.
Demographics
Alachua County, Florida's adult population shows a slightly higher number of females compared to males. Educational achievement appears relatively high, with a substantial portion holding bachelor's or graduate degrees. Age distribution trends suggest a notable concentration of young adults, particularly those aged 20 to 24, likely influenced by the presence of educational institutions. Racial demographics indicate a predominantly White population, with strong Black or African American and... Read more
Race Distribution in Alachua County, Florida (2022)
Educational Attainment in Alachua County, Florida (2022)
Age Distribution in Alachua County, Florida
Citizen Population in Alachua County, Florida (2022)
Political Trends & Data
In Alachua County, Florida, real estate trends seem potentially influenced by the dominant political leaning, with around 63% of voters supporting the Democratic party. Meanwhile, Republicans hold a significant 36%, and third-party representation remains minimal at less than 2%. This could indicate a community where housing decisions and developments might be influenced by a two-party system, shaping everything from local policies to community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Alachua County, Florida, there appears to be a notable lean towards the Democratic party, capturing around 63% of the vote. Republicans secured approximately 36%, which still represents a significant portion of the electorate. Support for third parties, like the Libertarian and Green parties, seems minimal, collectively garnering less than 2% of the vote. This trend might suggest a strong two-party system where the majority of voter engagement is focused on the Democratic and Republican candidates.
35.74% of voters voted for the Republican party in the 2020 Presidential Election
62.90% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
Alachua County, Florida, has experienced notable changes in its student-to-teacher ratio, swinging from 15 students per teacher a decade ago to over 25 in 2018, significantly above the national average of 14. This could potentially impact investor interest as larger class sizes might concern families moving to the area, influencing local property values and demand. Real estate professionals, including agents, appraisers, and those in the construction industry, might find this data relevant as... Read more
Student-to-teacher ratio in Alachua County, Florida over the last 10 years
Alachua County, Florida, has seen significant fluctuations in its student-to-teacher ratio over the past decade. From a more manageable 15 students per teacher in the early years, the ratio ballooned to over 25 in 2018, showing a notable deviation from the national average of 14. These variations could affect investor interest, as a higher ratio often implies larger class sizes and potentially reduced individual attention for students, which may be a concern for families moving to the area. Real estate agents and appraisers might find this data pertinent as it can influence property values and local demand. Meanwhile, insurance agents and those in the construction industry looking to build or develop properties might find the shifting educational environment worth considering when planning for future community needs.
