Duval County Real Estate and Livability Trends
Duval County, Florida has seen a substantial rise in home values, jumping from a median of $142,300 in 2015 to $251,300 in 2022. This trend indicates a growing market that might still be more affordable compared to the state median of $292,200. Besides, higher real estate taxes, which have almost doubled from $3,170.98 in 2012 to $6,719.39 in 2021, reflect these value increases. For potential... Read more
Duval County Market Trends
Duval County, Florida has outpaced national trends in home value appreciation, with median values rising from $142,300 in 2015 to $251,300 in 2022. This makes it potentially lucrative and more accessible compared to the Florida state median of $292,200. Residential energy tax credits have surged, peaking at $2,300.94 in 2018, signaling a growing interest in energy-efficient homes. Real estate... Read more
Median Value of Occupied Housing Units in Duval County, Florida Over the Last 8 Years
Over the past eight years, Duval County, Florida has seen steady increases in median home values, jumping from $142,300 in 2015 to $251,300 in 2022. This upward trend outpaces the national median values, which rose from $125,500 to $179,400 in the same period. While home values in Florida overall have also increased, moving from $159,000 to $292,200, Duval County's growth presents a more accessible investment opportunity compared to the broader state landscape. For potential investors or homebuyers, this suggests a potentially lucrative market that appreciates at a competitive rate yet remains more affordable than the statewide median.
Residential Energy Tax Credit Per Tax Return in Duval County, FL Over the Last 9 Years
Over the last nine years, Duval County, Florida has seen a significant increase in average residential energy tax credits per tax return, peaking at $2,300.94 in 2018. This trend indicates growing investments in energy-efficient improvements by homeowners, making the area attractive for those looking to invest in sustainable properties. Notably, the tax credit values surged dramatically from 2016 to 2018, highlighting a period of high adoption of energy-saving technologies. Despite slight fluctuations, the general upward trajectory underscores the county's commitment to energy efficiency, appealing to environmentally-conscious residents and investors alike.
Average Real Estate Taxes Per Tax Return in Duval County, FL Over the Last 10 Years
Over the past decade, real estate taxes per return in Duval County, Florida have climbed, jumping sharply from around $3,170.98 in 2012 to roughly $6,719.39 in 2021. This notable rise, especially from 2016 onwards, likely reflects the broader market dynamics and property value appreciations in the region. Investors and potential homeowners could find such trends indicative of an increasingly attractive real estate market, albeit one with higher tax obligations.
Percentage of Farm Returns in Duval County, FL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Duval County, Florida has seen a slight but consistent decline, starting from approximately 0.15% in 2012 to about 0.11% in 2021. Farm tax returns, essentially financial filings by farm owners or operators detailing income and expenses, give insight into agricultural activity. This downward trend could suggest a decreasing reliance on or profitability of farming in the region, potentially impacting land use, investments in agricultural ventures, and local economic planning strategies. This might be crucial for investors or those considering property development, as it hints at long-term shifts away from agricultural investments in favor of other opportunities.
Number of Mortgages by Occupancy Type in Duval County, FL Over the Last 5 Years in Duval County
In Duval County, Florida, over the last five years, there's been a noticeable trend of increasing principal residence mortgages, peaking significantly in 2021 and then dropping in 2022. Investment property mortgages have shown more volatility, with a steep rise in 2021 followed by a sharp decline the following year. Second residence mortgages have remained relatively low and stable throughout the period. Understanding these occupancy trends can be crucial for investors who might be seeing higher demand for primary homes, offering potential stability and lower vacancy risks. Real estate agents could also use this data to tailor their sales strategies, knowing that the bulk of the market leans towards principal residences. Appraisers and insurance agents should note the fluctuating interest in investment properties, which might influence property values and insurance risk assessments. For those considering moving to or within Duval County, now might be an optimal time to examine market conditions closely, especially if the recent drop in mortgage counts signals better opportunities for competitive pricing.
Economic Outlook
Duval County, Florida has experienced notable economic growth over the past decade, with average taxable incomes rising from $53,152.08 in 2013 to $77,036.58 in 2021, highlighting periods of significant economic activity, particularly in 2017 and 2021. Alongside this, average state and local income taxes per tax return have surged from $8,725.27 in 2012 to $21,419.20 in 2021, reflecting increased incomes or higher tax rates. The average total tax liability also rose, from $9,554.96 in 2012 to... Read more
Average Taxable Income per Tax Return in Duval County, FL over the last 9 years
Over the past nine years, Duval County, FL has seen a steady increase in the average taxable income per tax return, rising from $53,152.08 in 2013 to $77,036.58 in 2021. Noteworthy spikes occurred in 2017 and 2021, signaling key periods of economic growth. This trend highlights the county's robust economic potential, making it an attractive destination for investors, potential property developers, and new residents seeking financial stability.
Average State and Local Income Taxes Per Tax Return in Duval County, FL Over the Last 10 Years
Duval County, Florida, has seen a significant rise in average state and local income taxes per tax return over the past decade, jumping from $8,725.27 in 2012 to $21,419.20 in 2021. The most notable increases occurred between 2019 and 2021, suggesting a substantial uptick in either tax rates or incomes, or both. This surge could impact decisions for potential homeowners, investors, and developers considering the area, potentially indicating a robust economic environment but also higher living costs.
Average Total Tax Liability Per Tax Return in Duval County, FL Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Duval County, Florida, has shown a general upward trend, with notable spikes in certain years. The tax burden grew significantly from $9,554.96 in 2012 to $13,642.19 in 2021, highlighting considerable economic and demographic changes. This upward trajectory, with peaks in 2017 and 2020, signals increasing income levels or adjustments in tax policy, potentially affecting decisions for investors, homebuyers, and businesses considering the area.
Cost of Living in Duval County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,625 | $1,564 | $1,840 | $1,264 | $1,015 |
| 1 adult 4 children | $1,625 | $1,278 | $1,406 | $1,264 | $1,136 |
| 2 adults 3 children | $1,625 | $1,278 | $1,596 | $1,264 | $829 |
| 1 adult 3 children | $1,625 | $1,043 | $1,163 | $1,264 | $917 |
| 2 adults 2 children | $1,264 | $1,046 | $1,353 | $1,112 | $695 |
| 1 adult 2 children | $1,264 | $781 | $920 | $1,112 | $663 |
| 2 adults 1 child | $1,264 | $827 | $1,110 | $618 | $682 |
| 1 adult 1 child | $1,264 | $534 | $677 | $618 | $564 |
| 2 adults | $1,069 | $664 | $867 | $0 | $585 |
| 1 adult | $925 | $362 | $434 | $0 | $487 |
Safety trends & Data
Duval County, Florida has experienced notable property crime fluctuations over the past four years. Burglary rates peaked at 208.00, and Larceny - Theft hit 1,759.00 by 2022, while Motor Vehicle Theft remained relatively stable. Additionally, upward trends in Fraud and Vandalism could be concerning for insurers and real estate investors. Those considering property investments or moving to Duval County might find these trends informative for decisions on security measures and community... Read more
Property Crime Trends in Duval County, FL Over the Last 4 Years
Duval County, Florida has seen notable fluctuations in property crime rates over the past four years. While crimes like Burglary and Larceny - Theft have increased significantly, with Burglary peaking at 208.0 and Larceny - Theft at 1,759.0 by 2022, other crimes such as Motor Vehicle Theft have remained relatively consistent. Interestingly, crimes like Fraud and Vandalism have also shown upward trends, which could be concerning for insurers and real estate investors in the area. For those considering property investments or moves to Duval County, observing these trends might inform decisions on security measures and community engagement strategies.
Demographics
Duval County, Florida, displays a balanced gender ratio with a slightly higher number of females than males. The educational attainment in the county is diverse, with a significant portion having at least some college education, which may indicate a relatively skilled labor force. Age distribution reveals a notable concentration of the population in the 25 to 34 and 35 to 44 age groups, suggesting a potentially strong workforce with a mix of emerging young professionals and established... Read more
Race Distribution in Duval County, Florida (2022)
Educational Attainment in Duval County, Florida (2022)
Age Distribution in Duval County, Florida
Citizen Population in Duval County, Florida (2022)
Political Trends & Data
Duval County, Florida, appears to exhibit a marginal Democratic leaning in the 2020 U.S. Presidential Election, where Democrats may have secured just over 50% of the vote. Republicans remained competitive with a close percentage. Minor parties like Libertarians and Greens, while having less influence, still play a role in shaping the county's political dynamics, highlighting a competitive political environment that could have significant ramifications for upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Duval County, Florida, showed a slight leaning towards the Democratic Party in the 2020 U.S. Presidential Election, with Democrats possibly capturing just over half of the votes while Republicans trailed closely. The small percentages for Libertarian, Green, and other parties might suggest limited impact, though they still contribute to the overall dynamics. This distribution of votes may indicate a competitive political landscape in the county with potential implications for future elections.
47.43% of voters voted for the Republican party in the 2020 Presidential Election
51.25% 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
0.16% of voters voted for the Green party in the 2020 Presidential Election
0.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Duval County, Florida has experienced notable variations in its student-to-teacher ratio, with an extreme peak of nearly 50 students per teacher in 2018. Recently, this ratio has moved closer to the national average of 14. Such fluctuations might signal instability or adjustments within the local school system, potentially influencing property values and attracting or deterring families considering relocation. This information could be invaluable for investors, real estate... Read more
Student-to-teacher ratio in Duval County, Florida over the last 10 years
Over the past decade, Duval County, Florida has seen significant fluctuations in its student-to-teacher ratio, reaching a high of nearly 50 students per teacher in 2018 before dropping to closer to the national average of 14 in recent years. These swings could be of interest to potential investors, real estate developers, and those moving to the area, as they might reflect instability or periods of adjustment within the local school system. For appraisers and insurance agents, understanding these shifts can provide insights into potential impacts on property values and risk assessments. This data suggests periods of overcrowding that may affect educational quality and desirability for families considering relocation. Realtors might find this information crucial when advising clients, particularly those with children.
