Franklin County Real Estate and Livability Trends
Franklin County, Florida has seen median home values jump from $122,600 in 2015 to $236,100 in 2022, outpacing both state and national trends and signaling a robust real estate market. Meanwhile, significant spikes in average taxable income and state/local income taxes hint at evolving economic conditions that investors and new residents should scrutinize carefully. The rise in property crime and... Read more
Franklin County Market Trends
Franklin County, Florida has experienced a notable rise in median home values, surging from $122,600 in 2015 to $236,100 in 2022, outpacing both national and state trends. Residential energy tax credits per tax return saw a dramatic increase from around $300 between 2013 and 2016 to nearly $3,000 by 2020, indicating a growing focus on energy-efficient home improvements. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Franklin County, Florida Over the Last 8 Years
Franklin County, Florida has seen a significant increase in median home values over the past 8 years, jumping from $122,600 in 2015 to $236,100 in 2022. This rise is more pronounced than the national trend, where median home values climbed from $125,500 to $179,400 during the same period. Even within Florida, Franklin County's growth rate has outpaced the state's overall market, which grew from $159,000 to $292,200. Such a trend could suggest strong investment potential, especially when considering the national and state-level comparisons.
Residential Energy Tax Credit Per Tax Return in Franklin County, FL Over the Last 6 Years
Franklin County, Florida has seen a significant spike in residential energy tax credits per tax return in recent years. From a steady average of around $300 from 2013 to 2016, the credits skyrocketed to nearly $3,000 by 2020 and remained at similar levels in 2021. This dramatic increase suggests a growing investment in energy-efficient home improvements, potentially reflecting broader trends in energy-conscious living and economic incentives in the region. For investors and property developers, this could indicate a strong market for eco-friendly housing solutions.
Average Real Estate Taxes Per Tax Return in Franklin County, FL Over the Last 10 Years
Over the last decade, Franklin County, Florida has seen fluctuating but generally increasing real estate taxes per tax return, with a notable spike in recent years. Taxes rose from approximately $4,356.52 in 2012 to $8,178.26 in 2021. This upward trend may indicate rising property values or shifts in county tax policies, which could be a signal of economic growth or increased investment in the area. Potential property investors and current residents might find these changes important as they could impact future financial planning and property affordability.
Percentage of Farm Returns in Franklin County, FL Over the Last 10 Years
Over the past decade, Franklin County, Florida, has seen fluctuation in the percentage of farm tax returns, indicating varying levels of agricultural activity. From a low of approximately 0.69% in 2012 to a peak near 1.04% in 2019, there's been a general uptick in farm returns. This might suggest increased investment or interest in farming within the area. Potential investors, property developers, or those considering a move to the county can see these patterns as a sign of potential growth or stability in the agricultural sector, which could impact economic opportunities and land value.
Number of Mortgages by Occupancy Type in Franklin County, FL Over the Last 5 Years in Franklin County
Over the past five years in Franklin County, Florida, there's a notable fluctuation in mortgage counts by occupancy type. Principal residences dominate with the highest numbers, peaking in 2021, and showing volatility around economic conditions and potential market trends. Second residences have also shown significant variability, possibly indicating changes in the vacation home market. Investment properties, while steadily increasing, still form the smallest segment, suggesting varying levels of investor confidence and regional economic factors. These shifts in occupancy types can impact property valuations, insurance rates, and market strategies, making it crucial for investors, developers, and real estate agents to stay attuned to these patterns.
Economic Outlook
Franklin County, Florida has experienced notable swings in average taxable income per tax return over the past nine years, moving from $51,410.18 in 2014 to a peak of $102,995.67 in 2021. This suggests not only volatility but also significant economic growth, which could be attractive to investors and new residents evaluating the county's financial health. Moreover, state and local income taxes saw a dramatic rise recently, jumping from a steady range between $13,166.67 and $18,100.00 up to... Read more
Average Taxable Income per Tax Return in Franklin County, FL over the last 9 years
Franklin County, FL has seen significant fluctuations in average taxable income per tax return over the past nine years, with figures ranging from a low of $51,410.18 in 2014 to a peak of $102,995.67 in 2021. This trend demonstrates not only year-to-year volatility but also a notable upward trajectory, suggesting economic growth and increasing prosperity in recent years. Such patterns are crucial for potential investors, homebuilders, and new residents who seek to understand the county's financial health and growth potential.
Average State and Local Income Taxes Per Tax Return in Franklin County, FL Over the Last 10 Years
Franklin County, Florida has seen a significant fluctuation in average state and local income taxes per tax return over the past decade. After relatively stable years from 2012 to 2019 with values hovering between $13,166.67 and $18,100.00, there was a sharp increase in 2020 to $29,271.43 and an even more dramatic rise to $42,350.00 in 2021. This surge may indicate changes in local tax policies, economic conditions, or shifts in the income demographics of the area, making it essential for potential residents and investors to consider these varying tax dynamics.
Average Total Tax Liability Per Tax Return in Franklin County, FL Over the Last 10 Years
Franklin County, Florida, has seen significant fluctuations in average total tax liability per tax return over the past decade. For investors and new residents, the notable spike in 2021 where the average hit $22,668.03 highlights potential changes in local economic conditions or tax policies. Between 2012 and 2020, the average liability varied, generally staying between $10,922.36 and $15,014.38, making the 2021 figure a distinct outlier that warrants further investigation for anyone considering financial commitments or moving to the area.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,180 | $1,383 | $2,062 | $876 | $785 |
| 1 adult 4 children | $1,180 | $1,130 | $1,579 | $876 | $821 |
| 2 adults 3 children | $1,180 | $1,130 | $1,788 | $876 | $596 |
| 1 adult 3 children | $1,180 | $923 | $1,305 | $876 | $603 |
| 2 adults 2 children | $830 | $925 | $1,514 | $767 | $517 |
| 1 adult 2 children | $830 | $691 | $1,031 | $767 | $434 |
| 2 adults 1 child | $830 | $731 | $1,240 | $412 | $534 |
| 1 adult 1 child | $830 | $472 | $757 | $412 | $428 |
| 2 adults | $735 | $587 | $966 | $0 | $516 |
| 1 adult | $719 | $320 | $483 | $0 | $456 |
Safety trends & Data
Investors and appraisers may need to consider the rising property crime trend in Franklin County, Florida. Burglary incidents surged by 50% from 2019 to 2020, increasing from 20 to 30 cases, and larceny-theft cases went up nearly 20%, from 73 to 87. While vandalism incidents slightly decreased from 14 to 12 cases, new crime categories like fraud and stolen property emerged in 2020. These evolving crime patterns are critical for real estate agents and potential homeowners seeking insight into... Read more
Property Crime Trends in Franklin County, FL Over the Last 2 Years
Investors and appraisers may need to note a rising trend in property crime in Franklin County, Florida, over the past two years. From 2019 to 2020, burglary incidents saw a 50% increase, jumping from 20 to 30 cases. Similarly, larceny-theft cases rose from 73 to 87, marking almost a 20% uptick. In contrast, vandalism incidents slightly decreased from 14 to 12 cases. Interestingly, new crime categories like fraud and stolen property saw entries in 2020, which may suggest evolving crime patterns. These stats are crucial for real estate agents and potential homeowners who need insight into the area's safety dynamics.
Demographics
Franklin County, Florida exhibits a gender imbalance with a higher number of males compared to females. The adult population shows a significant portion having completed high school and some college, yet fewer individuals have gone on to earn bachelor's or advanced degrees. The age distribution is relatively spread out, but there's a notable concentration of residents in the 55-64 and 65-74 age brackets. The racial composition is predominantly White, with Black or African American residents... Read more
Race Distribution in Franklin County, Florida (2022)
Educational Attainment in Franklin County, Florida (2022)
Age Distribution in Franklin County, Florida
Citizen Population in Franklin County, Florida (2022)
Political Trends & Data
Franklin County, Florida, displayed a significant Republican preference in the 2020 U.S. Presidential Election, with about 68% of residents voting for the Republican candidate. Democratic support was around 31%, while minor parties received less than 0.5% of the vote. This voting pattern implies that Franklin County may continue to be a dependable region for Republican candidates in upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Franklin County, Florida, showcased a strong Republican leaning in the 2020 U.S. Presidential Election, with approximately 68% of the vote, compared to around 31% for Democrats. Minor parties, including Libertarian and Green, garnered minimal support, each receiving less than 0.5% of the vote. This trend suggests that Franklin County might be a reliable area for Republican candidates in future elections.
68.26% of voters voted for the Republican party in the 2020 Presidential Election
30.95% of voters voted for the Democrat party in the 2020 Presidential Election
0.39% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% 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
Franklin County, Florida has shown significant fluctuations in student-to-teacher ratios over the past decade, peaking with nearly 30 students per teacher in 2022, more than double the national average of 14. This could influence investor perceptions, educator workload, and educational quality. Although it dropped to around 17 students per teacher in 2023, such variations could affect decisions on moving, appraising property values, or assessing insurance risks. Stakeholders may need to keep a... Read more
Student-to-teacher ratio in Franklin County, Florida over the last 10 years
Franklin County, Florida has seen a significant fluctuation in student-to-teacher ratios over the past decade, peaking notably at nearly 30 students per teacher in 2022, which is more than double the national average of 14 students per teacher. This variation could impact investor perceptions, educator workload, and overall educational quality. Higher ratios might indicate potential issues with overcrowding or underfunding, which could influence decisions for those looking to move to the area, appraise property values, or assess insurance risks. While the ratio did drop to around 17 students per teacher in 2023, it remains important for stakeholders to monitor these trends closely as they could signal shifting demographics or funding changes within the county's educational system.
