Broward County Real Estate and Livability Trends
Broward County, Florida's average taxable income per tax return surged from $55,470.04 in 2013 to $91,832.18 in 2021, suggesting robust economic expansion. Median home values more than doubled from $185,900 in 2015 to $348,600 in 2022, climbing faster than both state and national averages. Property crime has notably declined, with larceny-theft incidents dropping from 5,021 in 2019 to 256 in... Read more
Broward County Market Trends
Broward County, Florida's median home values have more than doubled from $185,900 in 2015 to $348,600 in 2022, climbing faster than both state and national averages. Additionally, there’s a noticeable rise in residential energy tax credits, peaking at $1,910.86 in 2018, implying a growing interest in energy-efficient improvements. Meanwhile, real estate taxes per tax return surged, reaching... Read more
Median Value of Occupied Housing Units in Broward County, Florida Over the Last 8 Years
Broward County, Florida's median home values have seen a compelling upward trend over the past eight years, from $185,900 in 2015 to $348,600 in 2022. This increase outpaces both the state and national averages, with Florida's median values rising from $159,000 to $292,200 and the national median moving from $125,500 to $179,400 during the same period. This growth in Broward County may suggest stronger real estate demand and investment potential for those looking into property opportunities compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Broward County, FL Over the Last 9 Years
Broward County, Florida has seen a significant rise in the value of residential energy tax credits per tax return over the last nine years, starting from $507.63 in 2013 and peaking at $1910.86 in 2018. This indicates a growing investment in energy-efficient home improvements. For investors and residents, this trend highlights increasing incentives for adopting sustainable energy solutions, potentially leading to lower long-term utility costs and enhanced property values.
Average Real Estate Taxes Per Tax Return in Broward County, FL Over the Last 10 Years
In Broward County, Florida, the average real estate taxes per tax return have shown a notable upward trend over the past decade. Starting from around $4,547.89 in 2012, the average rose steadily to $8,579.48 by 2021. The most significant jumps occurred between 2017 and 2018, where taxes increased from approximately $5,880.65 to $7,507.66, and again from 2019 to 2020. This surge could imply rising property values or increased municipal charges, which may be of interest to potential investors, homebuyers, and current residents evaluating long-term costs.
Percentage of Farm Returns in Broward County, FL Over the Last 10 Years
Farm tax returns in Broward County, Florida, reveal a general decline over the past decade. Starting at approximately 0.08% in 2012, they slightly fluctuated before decreasing to around 0.07% in 2021. These figures suggest limited growth or interest in agricultural pursuits within the county. For investors, this could imply a stronger focus on urban development or other sectors, potentially making agricultural investments less attractive. For those moving to or already living in Broward County, this trend might indicate a stronger inclination towards non-agricultural economic activities, shaping the county's growth and community focus.
Number of Mortgages by Occupancy Type in Broward County, FL Over the Last 5 Years in Broward County
The mortgage trends in Broward County, Florida, over the last five years reveal notable shifts in occupancy types. Principal residence mortgages have remained consistently high, with a decrease observed in 2022. Investment property mortgages have shown growth since 2018, peaking in 2021, while second residence mortgages have fluctuated but remained relatively low. These trends might suggest changing priorities and market dynamics for investors and homebuyers alike. For those investing, building, or appraising in the area, understanding these shifts can provide insights into market demand and risk assessment. Real estate agents and insurance agents might find the increasing interest in investment properties noteworthy for targeting their services.
Economic Outlook
In Broward County, Florida, average taxable income per tax return has shown consistent growth, surging from $55,470.04 in 2013 to $91,832.18 in 2021. This indicates robust economic expansion and increasing local prosperity. Simultaneously, average state and local income taxes per tax return leaped from $16,424.49 in 2012 to $55,632.31 in 2021, reflecting heightened income levels or tax policy shifts. Average total tax liabilities per tax return also rose significantly, from $11,165.99 in 2012... Read more
Average Taxable Income per Tax Return in Broward County, FL over the last 9 years
Over the past 9 years, Broward County has seen a consistent rise in average taxable income per tax return, jumping from $55,470.04 in 2013 to a notable $91,832.18 by 2021. This upward trajectory reflects robust economic growth and increasing prosperity in the area, making it an attractive option for investors, new residents, and property developers.
Average State and Local Income Taxes Per Tax Return in Broward County, FL Over the Last 10 Years
Over the past decade, Broward County, Florida has seen a significant rise in average state and local income taxes per tax return. Starting at $16,424.49 in 2012 and eventually peaking at $55,632.31 in 2021, this trend indicates a considerable increase in income levels or changes in tax policy impacting residents. Notably, the jump from around $18,093.58 in 2016 to nearly double at $37,047.59 by 2020 suggests a period of rapid economic growth. This information is crucial for investors and potential residents looking to understand the economic climate and tax implications of moving to or investing in Broward County.
Average Total Tax Liability Per Tax Return in Broward County, FL Over the Last 10 Years
In Broward County, Florida, over the last decade, average total tax liabilities per tax return have shown a significant upward trend, rising from $11,165.99 in 2012 to $18,892.99 in 2021. This steady increase, peaking notably in 2017 and again in 2020, suggests an overall growth in income and potentially rising property values. For investors, potential homeowners, and current residents, this data indicates an economically vibrant area, although it also points to possibly higher living costs over time.
Cost of Living in Broward County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,582 | $1,685 | $1,836 | $1,635 | $1,607 |
| 1 adult 4 children | $2,582 | $1,376 | $1,403 | $1,635 | $1,765 |
| 2 adults 3 children | $2,582 | $1,377 | $1,593 | $1,635 | $1,373 |
| 1 adult 3 children | $2,582 | $1,124 | $1,160 | $1,635 | $1,519 |
| 2 adults 2 children | $1,847 | $1,127 | $1,351 | $1,430 | $978 |
| 1 adult 2 children | $1,847 | $842 | $918 | $1,430 | $1,031 |
| 2 adults 1 child | $1,847 | $891 | $1,108 | $763 | $878 |
| 1 adult 1 child | $1,847 | $575 | $675 | $763 | $822 |
| 2 adults | $1,478 | $715 | $865 | $0 | $710 |
| 1 adult | $1,366 | $390 | $433 | $0 | $616 |
Safety trends & Data
Property crime in Broward County, Florida has been on a noticeable decline over the past five years. Larceny-theft incidents dropped from 5,021 in 2019 to just 256 in 2022, while burglary cases decreased from 827 in 2019 to 12 in 2022. Motor vehicle thefts also saw a dramatic reduction from 711 in 2019 to 14 in 2022. Fraud and vandalism rates followed similar downward trends. Such improvements may interest investors and residents, as lower crime rates can correlate with higher property values... Read more
Property Crime Trends in Broward County, FL Over the Last 5 Years
Over the past five years, property crime in Broward County, Florida has shown a notable decline, which could be attributed to increased law enforcement efforts or community initiatives. Significant reductions can be seen in categories such as larceny-theft, which dropped from 5021 incidents in 2019 to just 256 in 2022, and burglary, which saw a decrease from 827 incidents in 2019 to 12 in 2022. Motor vehicle thefts also saw a dramatic reduction, from 711 cases in 2019 to 14 in 2022. Fraud and vandalism rates were similarly reduced over this period. Such trends might pique the interest of investors and residents alike, as lower crime rates often correlate with higher property values and safer neighborhoods.
Demographics
Broward County, Florida has a balanced adult population with slightly more females than males. In terms of age, the county shows a broad distribution with significant proportions in both younger and older age brackets, hinting at a diverse generational presence. A considerable portion of the population has only a high school education or some college experience, suggesting potential opportunities for higher education initiatives. The racial composition reveals a predominantly White and Black or... Read more
Race Distribution in Broward County, Florida (2022)
Educational Attainment in Broward County, Florida (2022)
Age Distribution in Broward County, Florida
Citizen Population in Broward County, Florida (2022)
Political Trends & Data
Broward County, Florida, exhibited a significant Democratic preference in the 2020 U.S. Presidential Election, with roughly 64.6% of the vote. Republican candidates received about 34.8% of the vote, while third parties like Libertarian and Green barely made a dent, collectively securing less than 1%. This trend could suggest a robust Democratic base and minimal impact from minor parties in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Broward County, Florida, observed a substantial leaning towards the Democratic Party with approximately 64.6% of the vote, compared to around 34.8% for the Republican Party during the 2020 U.S. Presidential Election. Third parties, including Libertarian and Green, garnered only a small fraction of the vote, collectively making up less than 1% of the total. This distribution highlights a potentially strong Democratic presence and limited influence from minor parties in this county.
34.81% of voters voted for the Republican party in the 2020 Presidential Election
64.61% of voters voted for the Democrat party in the 2020 Presidential Election
0.33% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
0.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Broward County, Florida's student-to-teacher ratio has generally been about five students higher than the national average of 14 students per teacher, peaking at 21 students per teacher in 2015 and dipping to 17 in 2018. These fluctuations can affect classroom dynamics, teacher workload, and education quality—critical factors for investors, real estate professionals, and families eyeing the area. Higher ratios might hint at overburdened teachers and less individual attention for students,... Read more
Student-to-teacher ratio in Broward County, Florida over the last 10 years
The student-to-teacher ratio in Broward County, Florida has fluctuated over the last decade, with figures generally hovering about five students higher than the national average of 14 students per teacher. For instance, the highest ratio was in 2015 at 21 students per teacher, while the lowest was in 2018 at around 17 students per teacher. These variations may impact classroom dynamics, teacher workload, and the quality of education, which can be key factors for potential investors, real estate professionals, and families considering a move to the area. Higher ratios can sometimes signify overburdened teachers and less individualized attention for students, while lower ratios typically suggest more personalized support and potentially better outcomes.
