Brevard County Real Estate and Livability Trends
Brevard County, Florida's real estate market has seen impressive growth, with median home values skyrocketing from $142,200 in 2015 to $278,000 in 2022. This strong demand reflects an affluent local economy, evidenced by average taxable incomes climbing from $53,584.59 in 2013 to $81,585.11 in 2021, despite higher state and local taxes. The area is increasingly appealing for sustainable living,... Read more
Brevard County Market Trends
Brevard County, Florida, has seen its median home values surge from $142,200 in 2015 to $278,000 in 2022, outpacing both state and national growth. This trend indicates strong market demand and potential for future growth. Average residential energy tax credits have also increased, peaking at $3,010.79 in 2018, reflecting a community investment in sustainable living solutions. Real estate taxes... Read more
Median Value of Occupied Housing Units in Brevard County, Florida Over the Last 8 Years
Brevard County, Florida has seen a remarkable increase in median home values, rising from $142,200 in 2015 to $278,000 in 2022. This growth outpaces both state and national trends. For comparison, the median home value in Florida increased from $159,000 to $292,200 during the same period, while the national median climbed from $125,500 to $179,400. Investors and potential homeowners might find Brevard County appealing due to its escalating property values, hinting at strong market demand and potential future growth.
Residential Energy Tax Credit Per Tax Return in Brevard County, FL Over the Last 9 Years
Brevard County, Florida has seen a substantial increase in the average residential energy tax credit per tax return over the past nine years, peaking at $3,010.79 in 2018, then stabilizing to $2,408.80 by 2021. This upward trend reflects a growing investment in energy-efficient home improvements and solar energy, signaling strong market support for sustainable living solutions. For prospective homeowners and investors, this trend not only highlights the financial incentives available but also underscores a community-wide shift towards greener, cost-effective energy solutions.
Average Real Estate Taxes Per Tax Return in Brevard County, FL Over the Last 10 Years
In Brevard County, Florida, there's been a notable upward trend in real estate taxes per tax return over the past decade. From $3,179.43 in 2012 to $5,837.19 in 2021, the increase is noticeable, particularly with sharper rises from 2017 onwards. This may reflect broader economic factors or localized growth in property values and community investments. For prospective investors or residents, this upward trend could suggest increasing property values, but also higher future tax liabilities.
Percentage of Farm Returns in Brevard County, FL Over the Last 10 Years
Over the past decade, Brevard County, Florida has seen a gradual decline in the percentage of farm tax returns, dropping from around 0.25% in 2012 to approximately 0.18% in 2021. Farm tax returns indicate agricultural activity and potential tax breaks related to farm properties, so this trend might suggest a shift away from agricultural investment in the region. For folks looking to invest, move, or build property in Brevard County, these numbers could imply changing land use patterns, potentially opening up opportunities for residential or commercial development as agricultural activities wane.
Number of Mortgages by Occupancy Type in Brevard County, FL Over the Last 5 Years in Brevard County
Over the last five years in Brevard County, Florida, the number of mortgages for principal residences has significantly outnumbered those for investment properties and second residences. Notably, there's a decline in the mortgage counts for principal residences from 59,615 in 2021 to 41,100 in 2022. Investment properties and second residences also saw fluctuations but generally exhibited much smaller volumes. These changes can impact property values, rental markets, and even future development projects. Investors and real estate agents might find shifts in occupancy type pivotal for making informed decisions, while appraisers and insurance agents can better assess risk and value. Potential residents and those looking to build property can gauge community stability and market demand.
Economic Outlook
Brevard County, Florida's real estate market seems attractive due to the steady rise in average taxable income per tax return, which jumped from $53,584.59 in 2013 to $81,585.11 in 2021. This indicates increasing household prosperity despite a notable rise in the state and local income taxes per return, reaching $17,170.47 in 2021 from $7,338.85 in 2012. A steady increase in total tax liability per return, coupled with a decreasing poverty rate, further underscores the area’s evolving... Read more
Average Taxable Income per Tax Return in Brevard County, FL over the last 9 years
Over the last nine years, the average taxable income per tax return in Brevard County, FL, has shown consistent growth, escalating from $53,584.59 in 2013 to $81,585.11 in 2021. This upward trend suggests economic resilience and increasing household prosperity, attractive for potential investors, property developers, and new residents.
Average State and Local Income Taxes Per Tax Return in Brevard County, FL Over the Last 10 Years
Brevard County, Florida has seen a significant increase in average state and local income taxes per tax return over the last decade. In 2012, the average was $7,338.85, but by 2021, it had jumped to $17,170.47. This upward trend, especially sharp from 2018 onward, reflects growing tax burdens which potential investors and residents need to consider.
Average Total Tax Liability Per Tax Return in Brevard County, FL Over the Last 10 Years
The average total tax liability per tax return in Brevard County, Florida has shown a steady increase over the past decade, climbing from approximately $9,015.28 in 2012 to $14,012.59 in 2021. This upward trend highlights a growing economic prosperity and rising incomes in the area, factors that are important for potential investors or those considering moving to the county. The substantial increase, nearly $5,000.00 on average per return over ten years, underscores the county’s evolving financial landscape, potentially indicating a robust housing market and improved local services.
Cost of Living in Brevard County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,834 | $1,617 | $1,875 | $1,461 | $1,211 |
| 1 adult 4 children | $1,834 | $1,320 | $1,433 | $1,461 | $1,354 |
| 2 adults 3 children | $1,834 | $1,321 | $1,627 | $1,461 | $998 |
| 1 adult 3 children | $1,834 | $1,078 | $1,185 | $1,461 | $1,129 |
| 2 adults 2 children | $1,375 | $1,081 | $1,379 | $1,284 | $786 |
| 1 adult 2 children | $1,375 | $808 | $937 | $1,284 | $792 |
| 2 adults 1 child | $1,375 | $854 | $1,131 | $708 | $751 |
| 1 adult 1 child | $1,375 | $552 | $689 | $708 | $636 |
| 2 adults | $1,143 | $686 | $883 | $0 | $620 |
| 1 adult | $962 | $374 | $442 | $0 | $507 |
Safety trends & Data
Property crime trends in Brevard County, Florida indicated a notable decrease in areas like burglary and larceny-theft between 2019 and 2020, with burglary numbers falling from 523 to 500 and larceny-theft from 1693 to 1382. Conversely, slight increases in fraud and arson, with fraud arrests rising from 344 to 423 and arson from 7 to 9, may reflect shifting priorities or effectiveness in law enforcement. These trends could influence real estate decisions for investors, agents, and prospective... Read more
Property Crime Trends in Brevard County, FL Over the Last 2 Years
Property crime trends in Brevard County, Florida showed a notable decrease in key areas like burglary and larceny-theft between 2019 and 2020, specifically a drop from 523 to 500 and 1693 to 1382, respectively. However, there were slight increases in fraud and arson, with fraud arrests moving from 344 to 423, and arson from 7 to 9. These trends could reflect shifting priorities or effectiveness in local law enforcement efforts, influencing decisions for investors, real estate agents, and those considering relocation to the county.
Demographics
Brevard County, Florida showcases a nearly balanced gender split, with a slight female majority. Education levels reflect a significant portion having high school diplomas, some college without degrees, or bachelor’s degrees, suggesting a workforce mostly equipped with foundational and higher education credentials. The county's age distribution hints at a mature population, with notable segments in the 55 to 74 age range. Racially, the area is predominantly White, while Black or African... Read more
Race Distribution in Brevard County, Florida (2022)
Educational Attainment in Brevard County, Florida (2022)
Age Distribution in Brevard County, Florida
Citizen Population in Brevard County, Florida (2022)
Political Trends & Data
Brevard County, Florida, likely leans Republican with about 57.6% of 2020 Presidential Election votes going to the Republican candidate. Democrats received around 41.2%, indicating sizable but lesser support. Third-party candidates, including Libertarians and Greens, collectively secured less than 2% of the vote, suggesting a strong two-party dynamic with minimal third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Brevard County, Florida, potentially leans Republican, with approximately 57.6% of votes cast for the Republican candidate during the 2020 U.S. Presidential Election. Democrats garnered around 41.2% of the vote, suggesting a significant but smaller support base. Third-party contenders like the Libertarians and Greens, alongside other minor parties, collectively made up less than 2% of the total vote. This voting distribution possibly indicates a predominantly two-party dynamic with minimal third-party influence.
57.62% of voters voted for the Republican party in the 2020 Presidential Election
41.18% of voters voted for the Democrat party in the 2020 Presidential Election
0.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% 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
Brevard County, Florida, has seen its student-to-teacher ratio climb from around 13:1 in 2016 and 2017 to over 15:1 by 2023, hovering just above the national average of 14:1. This upward trend may reflect pressures on educational resources or shifts in funding and staffing, likely affecting classroom dynamics and potentially the quality of education. For families eyeing relocation, property investors, real estate agents, and insurance agents, grasping these trends could offer valuable context... Read more
Student-to-teacher ratio in Brevard County, Florida over the last 10 years
The student-to-teacher ratio in Brevard County, Florida has fluctuated over the past decade, generally trending upwards from a low of around thirteen students per teacher in 2016 and 2017 to over fifteen in 2023. This is close to the national average of fourteen students per teacher but slightly higher in recent years. This shift might indicate pressures on educational resources or changes in funding and staffing, which could affect classroom dynamics and potentially the quality of education. For families considering relocating, investors looking into property development, real estate agents, and insurance agents, understanding these trends might provide insights into the local schooling environment and associated community impacts.
