Gilchrist County Real Estate and Livability Trends
In Gilchrist County, Florida, median home values skyrocketed by 65.70% from $99,900 in 2015 to $165,500 in 2022, catching the eye of potential investors despite lagging behind the state's 83.74% growth. Residential energy tax credits peaked at $1,400.00 in 2021, hinting at a strong push towards energy-efficient homes. However, rising real estate taxes, reaching around $3,706.25 by 2021, could... Read more
Gilchrist County Market Trends
Gilchrist County, Florida has seen a substantial 65.70% increase in median home values from $99,900 in 2015 to $165,500 in 2022, attracting attention from investors due to its rapid appreciation despite slightly lagging behind Florida’s 83.74% state-level growth. Residential energy tax credits have spiked, peaking at $1,400.00 in 2021, indicating a rise in energy-efficient home upgrades and a... Read more
Median Value of Occupied Housing Units in Gilchrist County, Florida Over the Last 8 Years
Gilchrist County, Florida has experienced a significant upward trend in median home values over the last eight years, jumping from $99,900 in 2015 to $165,500 in 2022. This 65.70% increase outpaces Florida's state-level growth, which saw an 83.74% rise in the same period, moving from $159,000 to $292,200. Nationally, the median home value increased by approximately 42.97%, from $125,500 in 2015 to $179,400 in 2022. For investors or potential homebuyers, Gilchrist County presents an intriguing opportunity given its rapid appreciation, potentially offering more accessible entry points compared to the broader state market.
Residential Energy Tax Credit Per Tax Return in Gilchrist County, FL Over the Last 8 Years
Over the past eight years, Gilchrist County, Florida has seen a significant uptick in the average residential energy tax credit per tax return, particularly from 2017 onwards. After a dip in 2016 to $300.00, the credit amount rebounded sharply, peaking at $1,400.00 in 2021. The trend suggests increasing investments in energy-efficient home upgrades, reflecting rising environmental consciousness and potential cost savings for homeowners. This growing emphasis on sustainable living underscores the county’s progressive shift towards eco-friendly residential investments, making it an attractive locale for green-minded investors and residents.
Average Real Estate Taxes Per Tax Return in Gilchrist County, FL Over the Last 10 Years
Over the last decade, Gilchrist County, Florida has seen a steady increase in average real estate taxes per tax return. Starting at around $1,947.25 in 2012, the figure rose gradually, hitting around $2,397.73 in 2017 and climbing sharply to about $3,706.25 by 2021. This upward trend could potentially impact decisions for anyone considering investment or residency in the county, as escalating property tax rates could influence overall cost of owning property in the area.
Percentage of Farm Returns in Gilchrist County, FL Over the Last 10 Years
In Gilchrist County, Florida, the percentage of farm returns has exhibited notable fluctuations over the past decade, peaking at approximately 5.50% in 2013 and dipping to around 4.17% in 2020. This varying trend could indicate changing agricultural dynamics, economic conditions, and regulatory impacts. For those considering investments, moving, or property development in Gilchrist County, these variations suggest a potentially volatile agricultural sector which may require careful consideration of local economic health and farming viability.
Number of Mortgages by Occupancy Type in Gilchrist County, FL Over the Last 5 Years in Gilchrist County
The demand for mortgages on principal residences in Gilchrist County, Florida, has generally shown an upward trend over the past five years, peaking at 1,198 in 2021 before seeing a slight decline. Meanwhile, investment property and second residence mortgage counts have remained relatively stable but much lower, suggesting a predominant interest in primary home ownership. Shifts in these occupancy types are crucial for prospective investors, developers, real estate agents, and insurance agents as they signal changing residential needs and buyer priorities, impacting property values, market strategies, and risk assessment.
Economic Outlook
Gilchrist County, Florida has experienced a consistent rise in average taxable income per tax return, jumping from $40,351.58 in 2013 to $63,625.86 in 2021, reflecting robust economic growth. This trend, especially the nearly $10,000 increase between 2020 and 2021, suggests a resilient local economy post-pandemic. While average state and local income taxes have fluctuated, moving from $2,650.00 in 2012 to $3,366.67 in 2017, this variability could be crucial for investors and potential residents... Read more
Average Taxable Income per Tax Return in Gilchrist County, FL over the last 9 years
Over the past nine years, Gilchrist County, FL has seen a notable upward trend in average taxable income per tax return, with figures rising from $40,351.58 in 2013 to $63,625.86 in 2021. This steady increase reflects strong economic growth in the area, which is a key indicator for prospective investors, property developers, and individuals considering moving to or doing business in the county. The significant bump between 2020 and 2021, where the average income climbed by nearly $10,000, highlights a potentially thriving local economy post-pandemic and warrants attention for any financial decisions related to the region.
Average State and Local Income Taxes Per Tax Return in Gilchrist County, FL Over the Last 6 Years
Gilchrist County, Florida has seen fluctuating average state and local income taxes per tax return over the last six years. Starting at $2,650.00 in 2012, there's a noticeable increase to $4,060.00 by 2016, before slightly dropping to $3,366.67 in 2017. This variability could influence potential investors' decisions and budgeting plans for those considering moving to or developing property in the county, highlighting the importance of understanding the localized tax landscape.
Average Total Tax Liability Per Tax Return in Gilchrist County, FL Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Gilchrist County, Florida has shown a noticeable upward trend. Starting at $5,205.29 in 2012, there were occasional dips, but the increase became more pronounced, peaking at $9,486.10 in 2021. This steep rise signals growing economic activity or higher incomes in the area, making it a compelling spot for investors or potential residents eyeing economic growth.
Cost of Living in Gilchrist County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,076 | $1,379 | $2,394 | $1,125 | $958 |
| 1 adult 4 children | $1,076 | $1,126 | $1,834 | $1,125 | $1,042 |
| 2 adults 3 children | $1,076 | $1,127 | $2,075 | $1,125 | $761 |
| 1 adult 3 children | $1,076 | $920 | $1,516 | $1,125 | $801 |
| 2 adults 2 children | $810 | $922 | $1,757 | $989 | $660 |
| 1 adult 2 children | $810 | $689 | $1,197 | $989 | $592 |
| 2 adults 1 child | $810 | $729 | $1,438 | $547 | $644 |
| 1 adult 1 child | $810 | $471 | $878 | $547 | $503 |
| 2 adults | $673 | $586 | $1,120 | $0 | $556 |
| 1 adult | $610 | $319 | $560 | $0 | $452 |
Safety trends & Data
In Gilchrist County, Florida, property crime trends have experienced some noteworthy shifts over the past two years. Burglary incidents increased from 14 in 2019 to 17 in 2020, and motor vehicle thefts more than doubled from 3 to 7. There were also slight upticks in fraud, from 2 to 5, and vandalism, from 5 to 6. These trends are relevant for real estate investors and builders as they may signal changing neighborhood safety and property security concerns. Insurance agents could find the rise in... Read more
Property Crime Trends in Gilchrist County, FL Over the Last 2 Years
Property crime trends in Gilchrist County, Florida show significant variations over the past two years. Notably, burglary saw an increase from 14 incidents in 2019 to 17 in 2020, while motor vehicle thefts more than doubled from 3 to 7. Fraud cases and vandalism both showed slight upticks, with fraud incidents rising from 2 to 5 and vandalism from 5 to 6. Real estate investors and builders might find these trends relevant, as they potentially indicate shifts in neighborhood safety and property security concerns. Insurance agents could also find the increased instances of motor vehicle theft and burglary impactful for their risk assessments and policy pricing.
Demographics
Gilchrist County, Florida shows a slight gender imbalance with a somewhat higher male population compared to females. The education levels hint at a community possibly focused more on high school education and some college experience rather than higher education degrees. The age distribution suggests a balanced spread across different age groups, with a notable proportion of the population in the 55 to 64 age range, which could impact healthcare and retirement service demands in the near... Read more
Race Distribution in Gilchrist County, Florida (2022)
Educational Attainment in Gilchrist County, Florida (2022)
Age Distribution in Gilchrist County, Florida
Citizen Population in Gilchrist County, Florida (2022)
Political Trends & Data
Gilchrist County in Florida seems heavily influenced by conservative politics, with a noticeable 81.52% of the vote potentially leaning Republican in the 2020 U.S. Presidential Election. Democrats might have garnered around 17.55%, while Libertarian, Green, and other parties combined appear to represent only a small portion of the vote. This dominant conservative angle might influence various aspects of the local real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gilchrist County in Florida leaned heavily Republican in the 2020 U.S. Presidential Election, with a significant 81.52% of the vote possibly going to the GOP. Democrats appeared to secure around 17.55%, a distant second. Libertarian, Green, and Other parties seemingly made up a combined small fraction of the total, suggesting this area is predominantly influenced by conservative politics.
81.52% of voters voted for the Republican party in the 2020 Presidential Election
17.55% of voters voted for the Democrat party in the 2020 Presidential Election
0.63% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
0.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
Gilchrist County, Florida has experienced notable fluctuations in its student-to-teacher ratio over the past decade. Peaking at about 22 students per teacher in 2021, this figure was significantly higher than the national average of 14. A substantial drop occurred in 2019 and 2020, with ratios around 9 and 8 respectively, suggesting shifts in either student numbers or teacher staffing. Such variability can influence those looking to invest or move to the area, as changes in educational quality... Read more
Student-to-teacher ratio in Gilchrist County, Florida over the last 10 years
Gilchrist County, Florida has seen fluctuations in its student-to-teacher ratio over the past decade. The ratio peaked at about 22 students per teacher in 2021, significantly higher than the national average of 14. A notable decrease occurred in 2019 and 2020, with the ratio dropping to around 9 and 8 respectively, suggesting either a decrease in student population or an increase in teachers during these years. This volatility can impact those looking to invest in or move to the area, as changes in educational quality and resource allocation are key considerations. Schools experiencing lower student-to-teacher ratios may be more enticing for young families, while higher ratios could indicate potential strains on educational resources. For appraisers and real estate agents, these trends may affect property values and marketability. Insurance agents should also be aware of these dynamics as they can influence housing demands and community growth.
