Escambia County Real Estate and Livability Trends
Escambia County, Florida has seen a significant jump in average taxable income per tax return, climbing from $48,012.16 in 2013 to $70,326.66 in 2021, implying a thriving local economy potentially driving up property values. Simultaneously, median home values also rose sharply from $120,200 in 2015 to $206,400 in 2022, outpacing national trends but not statewide growth. However, real estate taxes... Read more
Escambia County Market Trends
Escambia County, Florida has seen a significant rise in median home values, jumping from $120,200 in 2015 to $206,400 in 2022, outpacing national but trailing statewide growth. Energy tax credits per return have surged dramatically, signaling a growing investment in green technologies and sustainable home improvements, making the area attractive for eco-conscious investors. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Escambia County, Florida Over the Last 8 Years
Escambia County, Florida has seen a significant increase in median home values over the past eight years, jumping from $120,200 in 2015 to $206,400 in 2022. This growth trajectory far outpaces that of the national median, which increased from $125,500 to $179,400 in the same period. Interestingly, the county's home value surge also trails behind the statewide median, where Florida's home values rose from $159,000 in 2015 to $292,200 in 2022. This suggests that while Escambia County is experiencing rapid growth, there could still be opportunities for buyers and investors seeking properties with potential for appreciation relative to state and national trends.
Residential Energy Tax Credit Per Tax Return in Escambia County, FL Over the Last 9 Years
Escambia County, Florida has seen a dramatic rise in residential energy tax credits, starting around $452.44 in 2013 and reaching $3,268.67 in 2021. Notably, a significant spike occurred in 2018, with average credits jumping to $3,251.85. This upward trend signals an increasing investment in energy-efficient home improvements and green technologies, making the area attractive for eco-conscious investors and residents. With benefits this sizable, the county presents compelling opportunities for sustainable development and property enhancements.
Average Real Estate Taxes Per Tax Return in Escambia County, FL Over the Last 10 Years
Real estate taxes in Escambia County, Florida have seen a notable increase over the past decade. Starting from approximately $2,425.03 in 2012, the average taxes per return have steadily risen, reaching around $4,845.33 by 2021. The uptick, especially pronounced after 2017, suggests a robust growth trend that potential investors and homeowners should factor into their financial planning. Such data may indicate escalating property values, which could translate to both opportunities and challenges for stakeholders in the region.
Percentage of Farm Returns in Escambia County, FL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Escambia County, Florida, has shown a slight but persistent decline, dropping from approximately 0.48% in 2012 to around 0.37% in 2021. Farm tax returns are filings that include income derived from agricultural operations. The downtrend might suggest diminishing agricultural activity in the area, possibly due to urban development or shifts in local economic focus. For investors or potential property developers, this data might imply greater opportunities for non-agricultural land use. Current residents and those considering moving to Escambia County might see this trend as an indicator of evolving community structure and possible changes in local job markets and lifestyle options.
Number of Mortgages by Occupancy Type in Escambia County, FL Over the Last 5 Years in Escambia County
Over the last five years, Escambia County, Florida has seen fluctuating numbers in mortgage counts across different occupancy types. Principal residences have consistently dominated the market, peaking in 2021 with over 23,000 mortgages. Investment properties and second residences have shown smaller but notable changes, with investment properties reaching a high in 2021 before a drop in 2022. These shifts can impact the real estate market significantly, influencing investment strategies, property values, and insurance rates, especially since different occupancy types carry varying risks and returns. Understanding these trends is crucial for investors, appraisers, insurance agents, developers, and potential residents who must consider how shifts in mortgage activity could affect property availability, demand, and overall market stability.
Economic Outlook
Escambia County, Florida has experienced a notable increase in average taxable income per tax return, rising from $48,012.16 in 2013 to $70,326.66 in 2021, suggesting a growing local economy and potentially higher property values. However, state and local income taxes have similarly surged, climbing from $5,424.29 in 2012 to $12,564.91 in 2021, a trend prospective residents should consider. The overall tax liability per return has also grown, reaching $11,775.63 in 2021, reflecting higher... Read more
Average Taxable Income per Tax Return in Escambia County, FL over the last 9 years
Over the past nine years, Escambia County, FL has seen a significant rise in average taxable income per tax return, jumping from $48,012.16 in 2013 to $70,326.66 in 2021. This upward trend indicates a strong and growing local economy, making the area increasingly attractive for investors and new residents. High and rising incomes suggest robust job market opportunities, more disposable income, and potential for higher property values.
Average State and Local Income Taxes Per Tax Return in Escambia County, FL Over the Last 10 Years
Over the last decade, Escambia County, Florida has seen a significant rise in state and local income taxes per tax return, jumping from $5,424.29 in 2012 to $12,564.91 in 2021. This steep increase, particularly notable from 2017 onwards, reflects a changing economic landscape and potentially growing fiscal demands on residents. Investors and potential residents should consider these tax trends when evaluating the cost of living and financial planning for this area.
Average Total Tax Liability Per Tax Return in Escambia County, FL Over the Last 10 Years
Escambia County, Florida has seen a steady rise in average total tax liability per tax return over the last decade, culminating in $11,775.63 in 2021. Notably, there's an upward trajectory with significant increases in 2015 and again in 2017 and 2020, suggesting higher incomes or changes in tax policies impacting residents. This progression could indicate a growing economy but also higher living costs for current and prospective residents. Investors and property developers might interpret these trends as a sign of fiscal growth and stability in the region.
Cost of Living in Escambia County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,562 | $1,500 | $2,073 | $1,305 | $1,057 |
| 1 adult 4 children | $1,562 | $1,225 | $1,586 | $1,305 | $1,177 |
| 2 adults 3 children | $1,562 | $1,225 | $1,798 | $1,305 | $864 |
| 1 adult 3 children | $1,562 | $1,000 | $1,311 | $1,305 | $950 |
| 2 adults 2 children | $1,124 | $1,003 | $1,523 | $1,141 | $693 |
| 1 adult 2 children | $1,124 | $749 | $1,036 | $1,141 | $650 |
| 2 adults 1 child | $1,124 | $793 | $1,248 | $605 | $667 |
| 1 adult 1 child | $1,124 | $512 | $762 | $605 | $541 |
| 2 adults | $968 | $637 | $973 | $0 | $577 |
| 1 adult | $933 | $347 | $487 | $0 | $499 |
Safety trends & Data
In Escambia County, Florida, property crime patterns have been inconsistent over the past three years. Burglary rates dropped from 339 in 2019 to 276 in 2020, while larceny-theft incidents hovered around 1900 annually. Vandalism saw a slight increase, and embezzlement cases rose from 32 to 47. These shifts might influence property values, affect insurance costs, and impact the overall appeal for investors in the... Read more
Property Crime Trends in Escambia County, FL Over the Last 3 Years
Property crime trends in Escambia County, Florida suggest fluctuating patterns over the last three years, with notable increases and decreases in various categories. While burglary incidents dropped from 339 in 2019 to 276 in 2020, larceny-theft numbers remained relatively stable around the 1900 mark each year. Vandalism showed a slight uptick and embezzlement cases saw a modest rise from 32 to 47 over the same period. These trends could be indicative of shifting criminal activities and may impact property values, insurance premiums, and overall investment attractiveness in the area.
Demographics
Escambia County, Florida shows a subtle gender imbalance with slightly more females than males in its adult population. Education levels reflect a diverse spread, with a significant portion of the population having attended some college or achieved a high school diploma, overshadowing those with graduate degrees. The age distribution highlights a larger proportion of individuals within the working age range, especially between 25 to 34 years. Racially, the county is primarily White with the... Read more
Race Distribution in Escambia County, Florida (2022)
Educational Attainment in Escambia County, Florida (2022)
Age Distribution in Escambia County, Florida
Citizen Population in Escambia County, Florida (2022)
Political Trends & Data
In Escambia County, Florida, the 2020 U.S. Presidential Election leaned significantly towards the Republican party with over 56% of the votes. The Democratic party trailed with around 41.6%, while minor parties collectively secured less than 2%. This partisan alignment may have broader implications for future local and national... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Escambia County, Florida, the 2020 U.S. Presidential Election results suggested a leaning towards the Republican party, with over 56% of the votes. The Democratic party garnered around 41.6%, trailing behind by a noticeable margin. Minor parties such as the Libertarian and Green parties, along with other independent entities, received a comparatively minimal share of the votes, collectively accounting for less than 2%. This distribution might indicate a strong partisan alignment within the county that could have broader implications for future local and national elections.
56.74% of voters voted for the Republican party in the 2020 Presidential Election
41.63% of voters voted for the Democrat party in the 2020 Presidential Election
1.26% 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
0.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Escambia County, Florida's student-to-teacher ratio has ranged between 14 and 17 students per teacher, often exceeding the national average of 14. This variance could influence property values, school funding, and community development, which matters to homebuyers, real estate investors, policymakers, insurance agents, and appraisers. Understanding these fluctuations can be essential for assessing risk and determining property worth in the... Read more
Student-to-teacher ratio in Escambia County, Florida over the last 10 years
Over the last decade, Escambia County, Florida has seen fluctuations in its student-to-teacher ratio, peaking at 17 students per teacher in 2022 and dropping to about 14 students per teacher between 2015 and 2018. Compared to the national average of 14 students per teacher, Escambia County generally trends higher, potentially impacting classroom dynamics and individual attention. These changes might matter to prospective homebuyers, real estate investors, and policymakers as they could influence property values, school funding, and community development plans. Understanding these trends can be crucial for insurance agents in assessing risk and for appraisers determining property worth.
