Dixie County Real Estate and Livability Trends
Dixie County, Florida's real estate market has shown a variable yet upward trend in median home values over the last eight years, rising approximately 26% from $73,800.00 to $93,200.00, highlighting its relative affordability compared to the state median. Notably, residential energy tax credits have had significant fluctuations, spiking to $700.00 in 2019, indicating incentives for... Read more
Dixie County Market Trends
Dixie County, Florida's real estate market has shown a variable yet upward trend in median home values over the last eight years, rising roughly 26% from $73,800.00 to $93,200.00, making it a more affordable option compared to the state median. Residential energy tax credits have seen significant fluctuations, spiking to $700.00 in 2019 but recently settling around $666.67, indicating strong... Read more
Median Value of Occupied Housing Units in Dixie County, Florida Over the Last 8 Years
Over the last eight years, median home values in Dixie County, Florida have shown a variable yet upward trend, with notable dips and surges. Starting at $73,800.00 in 2015, values reached $93,200.00 in 2022, reflecting a rough 26% appreciation. Compared to Florida's state median, which escalated from $159,000.00 to $292,200.00 in the same period, Dixie County's market is substantially lower but could indicate potential for more affordable investment opportunities. Nationally, the median home values have also risen significantly from $125,500.00 to $179,400.00, placing Dixie County as an intriguing market for those looking to find lower entry points in Florida's real estate landscape.
Residential Energy Tax Credit Per Tax Return in Dixie County, FL Over the Last 7 Years
Dixie County, Florida has seen significant fluctuations in residential energy tax credits per tax return over the last seven years. Notably, there was a major spike to $700.00 in 2019, sharply increasing from the relatively consistent levels around $350.00 seen in the previous years. Although it dipped to $425.00 in 2020, the credit rebounded to $666.67 in 2021. This variability presents potential advantages for those investing in energy-efficient improvements, indicating both opportunities for savings and a strong local commitment to renewable energy incentives.
Average Real Estate Taxes Per Tax Return in Dixie County, FL Over the Last 10 Years
Average real estate taxes per tax return in Dixie County, Florida have shown a notable increase over the past decade. Starting at around $2124.07 in 2012, the amount has seen fluctuations but trended upwards significantly, reaching approximately $3350.00 by 2021. The most striking spikes occurred between 2018 and 2021, possibly reflecting rising property values or changes in tax assessments. This upward trend might influence decisions for prospective property investors, new residents, and current homeowners in terms of budget planning and long-term financial forecasts.
Percentage of Farm Returns in Dixie County, FL Over the Last 10 Years
Over the past decade, Dixie County, Florida has shown fluctuating percentages of farm tax returns, ranging between 2.37% and 2.82%. This data provides insight into the agricultural economy here, which can be pivotal for investors, developers, and potential residents. Farm tax returns indicate the proportion of total tax filings that come from farming activities, reflecting local agricultural productivity and economic health. For anyone eyeing opportunities in real estate, business investment, or simply considering a move, understanding these numbers can be critical to assessing the county’s stability and economic trends.
Number of Mortgages by Occupancy Type in Dixie County, FL Over the Last 5 Years in Dixie County
Mortgage data for Dixie County, Florida over the past five years reveal a notable dominance of principal residences, with figures consistently surpassing those for second residences and investment properties. The trend also indicates a gradual increase in principal residence mortgages, peaking at about 588-598 most recently, suggesting steady growth or sustained demand in the area. Investment properties and second residences show relatively minor fluctuations, with second residences holding a slight edge over investment properties. These shifts in occupancy type matter for investors and real estate professionals as they hint at prevailing residential demand and potential market stability. Appraisers and insurance agents might recognize the prominence of primary residences as an indicator of long-term community investment and reduced vacancy risks. Understanding these trends can help guide strategic decisions for those contemplating buying, selling, or developing properties in the region.
Economic Outlook
Dixie County, Florida has seen significant fluctuations in average taxable income per tax return, with a notable peak of $106,000.58 in 2017 and $67,596.63 in 2021, up from $43,729.75 in 2020, indicating a dynamic economic landscape. State and local income taxes also experienced volatility, with an average spike of $55,333.33 in 2019. Total tax liability per tax return peaked dramatically in 2017 at $32,555.23 and saw another high in 2021 at $13,333.97. These trends suggest that understanding... Read more
Average Taxable Income per Tax Return in Dixie County, FL over the last 9 years
Dixie County, FL has experienced significant fluctuations in average taxable income per tax return over the last nine years. Notably, 2017 saw a substantial spike to $106,000.58, compared to the surrounding years. The average income remains high in recent years, reaching $67,596.63 in 2021, up from $43,729.75 in 2020. These income trends suggest a dynamic economic landscape, potentially making the area attractive to investors and new residents looking for growth opportunities.
Average State and Local Income Taxes Per Tax Return in Dixie County, FL Over the Last 7 Years
Dixie County, Florida has seen volatile swings in average state and local income taxes per tax return over the past seven years. Notably, there was a significant spike in 2019 with an average of $55,333.33, a stark contrast to the approximately $3,150.00 in prior years. This drastic fluctuation could indicate changes in tax laws, economic conditions, or anomalies specific to that year. For potential investors, property developers, or residents, understanding these tax trends is crucial for financial planning and assessing the economic health of the area.
Average Total Tax Liability Per Tax Return in Dixie County, FL Over the Last 10 Years
In Dixie County, Florida, the average total tax liability per tax return has seen significant fluctuations over the past decade. Notably, there's a dramatic spike in 2017 with a staggering $32,555.23 per return, while 2016 saw a low of $5,232.74. Post-2017, the tax liabilities normalized but remained relatively high, peaking again in 2021 at $13,333.97. These trends indicate volatile economic conditions or policy changes that prospective investors and residents should consider when making long-term financial plans.
Cost of Living in Dixie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,083 | $1,379 | $2,233 | $1,241 | $903 |
| 1 adult 4 children | $1,083 | $1,126 | $1,711 | $1,241 | $958 |
| 2 adults 3 children | $1,083 | $1,127 | $1,936 | $1,241 | $696 |
| 1 adult 3 children | $1,083 | $920 | $1,414 | $1,241 | $728 |
| 2 adults 2 children | $826 | $922 | $1,638 | $1,089 | $612 |
| 1 adult 2 children | $826 | $689 | $1,117 | $1,089 | $541 |
| 2 adults 1 child | $826 | $729 | $1,341 | $595 | $592 |
| 1 adult 1 child | $826 | $471 | $819 | $595 | $475 |
| 2 adults | $696 | $586 | $1,044 | $0 | $518 |
| 1 adult | $692 | $319 | $522 | $0 | $448 |
Safety trends & Data
Dixie County, Florida has experienced fluctuations in property crime over the last two years, with burglary slightly decreasing but larceny-theft and fraud cases nearly doubling. Motor vehicle thefts also saw an uptick, climbing from 7 incidents in 2019 to 11 in 2020. These crime trends might influence appraisals, insurance rates, and investment choices in the... Read more
Property Crime Trends in Dixie County, FL Over the Last 2 Years
Dixie County, Florida has seen fluctuations in property crime over the last two years, with a noticeable increase in certain categories. While burglary remained relatively stable, decreasing from 25 incidents in 2019 to 23 in 2020, larceny-theft jumped from 6 to 14. There was also a significant rise in fraud cases, escalating from 6 to 13. Motor vehicle thefts saw an uptick as well, increasing from 7 to 11. These trends suggest a shifting landscape in property crimes that could impact appraisals, insurance rates, and investment decisions.
Demographics
Dixie County, Florida displays intriguing demographic patterns. The male population seemingly outnumbers females significantly, suggesting potential implications for community dynamics and services. Educational attainment data signals that a majority hold a high school diploma or less, highlighting possible areas for educational development. Age distribution trends hint that the county may be catering to an older demographic, with notable populations in the 55-to-74 age brackets. Racial unity... Read more
Race Distribution in Dixie County, Florida (2022)
Educational Attainment in Dixie County, Florida (2022)
Age Distribution in Dixie County, Florida
Citizen Population in Dixie County, Florida (2022)
Political Trends & Data
Dixie County, Florida, appears to strongly favor the Republican party, which might have secured around 83% of the vote in the 2020 U.S. Presidential Election. The Democratic party's support seems limited, possibly around 17%, while smaller parties like the Libertarians and Greens likely had minimal impact, each potentially earning less than 1%. This trend could hint at the area's conservative inclinations, which may influence local policies and real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dixie County, Florida, the 2020 U.S. Presidential Election seemed overwhelmingly skewed towards the Republican party, which potentially garnered around 83% of the vote. This could indicate strong conservative leanings in the area. The Democratic party might have received roughly 17%, suggesting limited but notable support. The Libertarian, Green, and other parties appeared to have a marginal impact, possibly accruing less than 1% each.
82.76% of voters voted for the Republican party in the 2020 Presidential Election
16.71% 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
0.06% of voters voted for the Green party in the 2020 Presidential Election
0.13% of voters voted for the Other party in the 2020 Presidential Election
School Data
Dixie County, Florida has seen a slightly increasing student-to-teacher ratio over the past decade, peaking at nearly 21 in 2020, whereas the U.S. national average is 14. This higher ratio could translate to larger class sizes and potentially less individual attention for students, possibly influencing family relocation decisions. For investors and real estate agents, this trend might suggest a burgeoning need for more educational infrastructure, presenting unique opportunities for property... Read more
Student-to-teacher ratio in Dixie County, Florida over the last 10 years
Over the past decade, Dixie County, Florida experienced a relatively stable but slightly increasing student-to-teacher ratio, peaking at nearly 21 in 2020. Generally, the ratio has hovered around 17-18, which is higher than the current U.S. national average of 14 students per teacher. This higher ratio might indicate larger class sizes and potentially less individual attention for students. Investors, appraisers, and real estate agents could find this data relevant as it may influence family decisions on relocation based on education quality. Moreover, higher ratios could imply a need for more educational infrastructure, presenting opportunities for builders and property developers. For insurance agents, understanding these trends can help in risk assessment and policy adjustments pertaining to educational institutions.
