Charlotte County Real Estate and Livability Trends
Charlotte County, Florida has seen a noticeable rise in financial health, with average taxable income increasing from $50,840.94 in 2013 to $87,170.71 in 2021. Median home values have surged from $145,700 in 2015 to $265,800 in 2022, outpacing broader trends and hinting at strong local demand. Property crime rates, particularly for burglary and larceny-theft, have significantly dropped from 2019... Read more
Charlotte County Market Trends
In Charlotte County, Florida, median home values have climbed from $145,700 in 2015 to $265,800 in 2022, outpacing national and state trends, hinting at robust local demand and appreciation potential. Residential energy tax credits surged, peaking at $2,652.38 in 2018, reflecting strong investments in energy-efficient improvements, making the area appealing for eco-conscious residents and... Read more
Median Value of Occupied Housing Units in Charlotte County, Florida Over the Last 8 Years
In Charlotte County, Florida, median home values have shown significant growth over the past eight years, rising from $145,700 in 2015 to $265,800 in 2022. This growth outpaces both the national and state trends—nationally, median values increased from $125,500 to $179,400 over the same period, while Florida's statewide median grew from $159,000 to $292,200. For those considering investment or relocation, this upward trajectory might indicate strong demand and potential appreciation in the local real estate market.
Residential Energy Tax Credit Per Tax Return in Charlotte County, FL Over the Last 9 Years
Charlotte County, Florida has seen a dramatic increase in residential energy tax credits over the last nine years, peaking in 2018 at $2652.38. The trend underscores significant investments in energy-efficient technologies and improvements, propelled by both rising awareness and economic incentives. For potential investors and residents, this indicates a progressive community that values sustainability and energy savings, making it an attractive locale for green investments and eco-conscious living. Average tax credits spiked again in 2021 to $2208.78, suggesting ongoing commitment to energy efficiency in the county.
Average Real Estate Taxes Per Tax Return in Charlotte County, FL Over the Last 10 Years
Average real estate taxes per tax return in Charlotte County, Florida, have experienced a noticeable upward trend over the past decade. Starting at around $4,174.22 in 2012, the figures have consistently climbed, reaching approximately $7,209.44 by 2021. This indicates a growing property tax burden, likely reflecting increasing property values and local government expenditures. Potential investors and future residents should consider this trend when planning their financial commitments in the area.
Percentage of Farm Returns in Charlotte County, FL Over the Last 10 Years
Farm tax returns in Charlotte County, Florida, have shown a gradual decline over the past decade, decreasing from approximately 0.37% in 2012 to about 0.30% in 2021. This trend might indicate a shrinking agricultural presence or evolving economic activities in the area. For potential investors or those looking to move, this could mean greater opportunities in non-agricultural sectors. Farm tax returns provide insights into the agricultural revenue reported to tax authorities, and shifting percentages could reflect changes in land use, investment in farming technologies, or broader economic factors affecting the farming community. Understanding these trends could be crucial for making informed decisions about property investments or predicting future economic conditions in the county.
Number of Mortgages by Occupancy Type in Charlotte County, FL Over the Last 5 Years in Charlotte County
Over the last five years in Charlotte County, Florida, there's been a notable increase in mortgages for both investment properties and second residences, with a particularly sharp rise in investment properties from 527 in 2018 to 1339 in 2022. These shifts in occupancy type can indicate changing market dynamics, which may affect property values and insurance risks. Investors may find these trends promising, suggesting a potential for higher rental demand, while appraisers and real estate agents might see shifting buyer priorities that impact market assessments. For those looking to build or move, understanding these patterns helps gauge future real estate markets and community growth.
Economic Outlook
Charlotte County, Florida has shown a consistent rise in average taxable income per tax return from $50,840.94 in 2013 to $87,170.71 in 2021, suggesting financial health improvements for residents. Owner-burdened state and local income taxes have shot up from $7,827.54 in 2012 to $13,947.30 in 2021, indicating a rising cost of living. Tax liability escalated from $8,322.22 to $14,895.46 in the same period, with spikes in 2017 and 2021 pointing to possible fiscal growth or policy shifts. The... Read more
Average Taxable Income per Tax Return in Charlotte County, FL over the last 9 years
Charlotte County, FL has shown a steady increase in average taxable income per tax return over the past nine years, starting from $50,840.94 in 2013 to $87,170.71 in 2021. This upward trajectory suggests robust economic growth and improved financial health for residents, making the area increasingly attractive for investors and prospective homeowners. The significant jump in 2021 could indicate a particularly strong economic recovery or development in the region.
Average State and Local Income Taxes Per Tax Return in Charlotte County, FL Over the Last 10 Years
Charlotte County, Florida has seen a significant upward trend in average state and local income taxes per tax return over the last decade. Beginning at $7,827.54 in 2012, there's been a noticeable rise, peaking at $13,947.30 in 2021. This steady climb underscores an increasing tax burden on residents, potentially impacting disposable income and the overall cost of living. For investors and potential residents, understanding this trend is crucial for financial planning and assessing the long-term affordability of living or building property in the county.
Average Total Tax Liability Per Tax Return in Charlotte County, FL Over the Last 10 Years
Charlotte County, Florida has experienced a notable increase in average tax liability per tax return over the past decade, with a significant jump from $8,322.22 in 2012 to $14,895.46 in 2021. This upward trend highlights a dynamic economic environment and potentially rising incomes, which might be intriguing for investors assessing the economic vitality of the region. Key spikes, like those in 2017 and 2021, suggest periods of substantial fiscal growth or policy changes impacting taxpayers. Investing, moving, or building in Charlotte County could therefore be impacted by these evolving financial obligations.
Cost of Living in Charlotte County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,805 | $1,593 | $1,767 | $1,494 | $1,151 |
| 1 adult 4 children | $1,805 | $1,301 | $1,350 | $1,494 | $1,301 |
| 2 adults 3 children | $1,805 | $1,301 | $1,534 | $1,494 | $952 |
| 1 adult 3 children | $1,805 | $1,062 | $1,117 | $1,494 | $1,058 |
| 2 adults 2 children | $1,270 | $1,065 | $1,300 | $1,317 | $720 |
| 1 adult 2 children | $1,270 | $796 | $883 | $1,317 | $698 |
| 2 adults 1 child | $1,270 | $842 | $1,067 | $745 | $690 |
| 1 adult 1 child | $1,270 | $544 | $650 | $745 | $583 |
| 2 adults | $1,025 | $676 | $834 | $0 | $562 |
| 1 adult | $930 | $369 | $417 | $0 | $478 |
Safety trends & Data
Charlotte County, Florida has seen notable trends in property crimes from 2019 to 2022, which could be significant for investors and residents. Burglary incidents dropped sharply from 64.00 cases in 2019 to 26.00 in 2022. Larceny-theft hit a high point with 418.00 incidents in 2020 but declined to 153.00 by 2022. Fraud, spiking at 77.00 cases in 2020, lessened to 16.00 in 2022. Motor vehicle thefts also saw a peak in 2020 with 47.00 incidents, reducing to 12.00 by 2022. These crime trends might... Read more
Property Crime Trends in Charlotte County, FL Over the Last 4 Years
Charlotte County, Florida has experienced trends in property crimes that could be relevant for investors, real estate agents, and residents alike. From 2019 to 2022, there has been a noticeable decline in burglary cases, from 64.0 incidents in 2019 to 26.0 in 2022. Larceny-theft, while peaking at 418.0 incidents in 2020, has shown a downward trajectory to 153.0 incidents in 2022. On the other hand, fraud saw a significant spike in 2020 with 77.0 cases before reducing to 16.0 cases by 2022. Motor vehicle thefts peaked in 2020 with 47.0 incidents before dropping substantially to 12.0 in 2022. For developers and insurance agents, these shifts might indicate a reducing trend in certain property crimes, although fluctuations in categories like fraud warrant careful attention when assessing risk and investment viability.
Demographics
Charlotte County, Florida, indicates a slightly higher population of women compared to men. Educational attainment reveals that a substantial portion of the community has been at least to high school, but a smaller percentage has pursued higher education. The age distribution skew towards older age brackets implies a community that potentially focuses on retirement living. In terms of racial composition, the county appears predominantly White, with other racial groups representing smaller... Read more
Race Distribution in Charlotte County, Florida (2022)
Educational Attainment in Charlotte County, Florida (2022)
Age Distribution in Charlotte County, Florida
Citizen Population in Charlotte County, Florida (2022)
Political Trends & Data
In Charlotte County, Florida, the 2020 U.S. Presidential Election results indicated a strong Republican leaning, with the party capturing roughly 63% of the vote. Democrats trailed at around 36%, while minor parties like the Libertarians and Greens barely registered. This GOP dominance might shape future political strategies and campaign efforts in the region, potentially affecting local policies and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Charlotte County, Florida, the 2020 U.S. Presidential Election results indicated a strong leaning towards the Republican party, which garnered approximately 63% of the vote. Democrats trailed significantly with roughly 36%. Minor parties, such as the Libertarian and Green parties, barely made a mark, each securing less than 1% of the vote, alongside other parties. This data may suggest that Charlotte County is a predominantly Republican area, which could influence future political strategies and campaign focus in the region.
62.96% of voters voted for the Republican party in the 2020 Presidential Election
36.34% of voters voted for the Democrat party in the 2020 Presidential Election
0.49% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Charlotte County, Florida's student-to-teacher ratios have fluctuated between 16 and 18 students per teacher over the past decade, compared to a national average of 14. Larger class sizes could influence perceptions of educational quality, impacting decisions of potential investors, real estate agents, and families considering a move. For appraisers and insurance agents, these trends are crucial for evaluating property values and risk assessments, as an overburdened school system might signal... Read more
Student-to-teacher ratio in Charlotte County, Florida over the last 10 years
Charlotte County, Florida has experienced fluctuating student-to-teacher ratios over the past decade, ranging from 16 to 18 students per teacher. In comparison to the national average of 14 students per teacher, the county's ratios are notably higher, which may indicate larger class sizes. These trends might be important for potential investors, real estate agents, and families considering a move, as they could impact the perception of educational quality and community resources. For appraisers and insurance agents, understanding these dynamics helps in evaluating property values and risk assessments, as areas with potentially overburdened school systems could face different growth and development challenges.
