Gulf County Real Estate and Livability Trends
Gulf County, Florida has experienced a notable rise in average taxable income from $48,141.43 in 2013 to $79,287.54 in 2021, hinting at significant economic changes likely driven by higher incomes and property values. Median home values increased from $142,700 in 2015 to $197,700 in 2022, showcasing opportunity for investors looking for appreciating markets that remain more affordable compared to... Read more
Gulf County Market Trends
Gulf County, Florida has seen its median home values rise from $142,700 in 2015 to $197,700 in 2022, a trend that, although slower than the state’s surge from $159,000 to $292,200, highlights potential for investors seeking more affordable yet appreciating markets. Average residential energy tax credits spiked from $333.33 in 2013 to $3,050.00 in 2021, mirroring increased energy efficiency... Read more
Median Value of Occupied Housing Units in Gulf County, Florida Over the Last 8 Years
Gulf County, Florida has experienced a steady climb in median home values, jumping from $142,700 in 2015 to $197,700 in 2022. This upward trend remains more pronounced than national growth but still lags behind statewide increases, where Florida's median home values surged from $159,000 to $292,200 over the same period. This dynamic suggests that while Gulf County offers relatively lower entry points compared to other parts of Florida, it may offer promising growth potential for investors and homebuyers looking for more affordable yet appreciating markets.
Residential Energy Tax Credit Per Tax Return in Gulf County, FL Over the Last 8 Years
Over the last eight years, Gulf County, Florida has seen dramatic increases in the average residential energy tax credit per tax return. Starting with a modest $333.33 in 2013 and 2014, the credit amount saw a significant surge, jumping to $500.00 in 2017 and then spiking to $1,325.00 in 2019. The most substantial increases occurred in 2020 and 2021, with averages of $2,987.50 and $3,050.00, respectively. This uptick reflects a growing interest and investment in energy efficiency among residents, making it a potentially lucrative area for businesses specializing in renewable energy technologies and green building practices.
Average Real Estate Taxes Per Tax Return in Gulf County, FL Over the Last 10 Years
Gulf County, Florida has seen a steady increase in average real estate taxes per tax return over the past decade, starting from around $3,004.12 in 2012 to approximately $6,341.94 in 2021. Notable jumps occurred around 2014 and 2017, with a significant spike in 2020. This upward trend may indicate increasing property values or tax rates, relevant for those interested in the local real estate market. Potential investors and current homeowners should consider these rising costs when evaluating property investments and financial planning.
Percentage of Farm Returns in Gulf County, FL Over the Last 10 Years
Gulf County, Florida has shown a varied trend in the percentage of farm tax returns over the past decade, with figures hovering roughly between 0.84% and 1.22%. These farm tax returns can give insights into the agricultural activity within the county, indicating potential areas of investment or development opportunities. Notably, the highest percentage observed was approximately 1.22% in 2016, hinting at a peak in farming income or activity around that year. Conversely, there was a notable dip to about 0.84% in 2020, perhaps reflecting economic or environmental impacts. Those looking into agricultural ventures or rural development in Gulf County might consider these trends to gauge the viability and vitality of farming in the region.
Number of Mortgages by Occupancy Type in Gulf County, FL Over the Last 5 Years in Gulf County
Over the past five years in Gulf County, Florida, mortgage counts show a notable trend: demand for principal residence mortgages generally increased until 2021 but saw a slight decline in 2022. Investment property mortgages also rose modestly, indicating a growing interest among investors. Meanwhile, mortgages for second residences had an uneven trajectory, peaking in 2021. These shifts in occupancy types can significantly impact market stability, property values, and insurance premiums. Understanding these dynamics helps investors and developers gauge demand, real estate agents tailor strategies, and appraisers and insurance agents assess risk and value accurately.
Economic Outlook
Gulf County, Florida has experienced a noteworthy increase in average taxable income per tax return over the past decade, rising from $48,141.43 in 2013 to $79,287.54 in 2021. The simultaneous rise in state and local income taxes, from $4,950.00 to $15,371.43, suggests significant economic changes, potentially driven by higher incomes and property values. Additionally, the total tax liability per tax return climbed from $8,966.42 in 2012 to $14,120.00 in 2021, further indicating economic... Read more
Average Taxable Income per Tax Return in Gulf County, FL over the last 9 years
Over the last nine years, Gulf County, FL has seen a notable increase in the average taxable income per tax return, rising from $48,141.43 in 2013 to $79,287.54 in 2021. This steady growth, especially the sharp jump in 2021, highlights a strengthening local economy and may encourage investment opportunities. These trends suggest a robust income climate, which is appealing to potential residents, investors, and developers looking for promising returns and community development.
Average State and Local Income Taxes Per Tax Return in Gulf County, FL Over the Last 10 Years
Gulf County, Florida has seen a significant increase in average state and local income taxes per tax return over the last decade. Starting from $4,950.00 in 2012, the value has escalated dramatically, peaking at $15,371.43 in 2021. This upward trend is notable, suggesting substantial economic changes in the region, potentially driven by rising incomes, higher property values, or changes in tax policies. Such growth could be a positive indicator for those considering investing, moving, or building property in Gulf County, as it may reflect a robust local economy and increasing community development.
Average Total Tax Liability Per Tax Return in Gulf County, FL Over the Last 10 Years
Gulf County, Florida has seen a significant rise in average total tax liability per tax return over the past decade, jumping from $8,966.42 in 2012 to $14,120.00 in 2021. This steady increase, especially notable from 2016 onwards, points to growing taxable incomes in the area, likely driven by economic development and rising property values. For investors and potential residents, this trend highlights a robust and expanding local economy, making Gulf County an attractive prospect for property investment and residential growth.
Cost of Living in Gulf County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,487 | $1,560 | $1,891 | $1,199 | $1,024 |
| 1 adult 4 children | $1,487 | $1,274 | $1,447 | $1,199 | $1,125 |
| 2 adults 3 children | $1,487 | $1,275 | $1,640 | $1,199 | $812 |
| 1 adult 3 children | $1,487 | $1,041 | $1,196 | $1,199 | $897 |
| 2 adults 2 children | $1,203 | $1,043 | $1,389 | $1,038 | $697 |
| 1 adult 2 children | $1,203 | $779 | $945 | $1,038 | $665 |
| 2 adults 1 child | $1,203 | $825 | $1,139 | $512 | $673 |
| 1 adult 1 child | $1,203 | $533 | $695 | $512 | $565 |
| 2 adults | $914 | $663 | $888 | $0 | $577 |
| 1 adult | $908 | $361 | $444 | $0 | $514 |
Safety trends & Data
Gulf County, Florida has seen varied trends in property crime over the past two years. Larceny-theft incidents more than doubled to 26.0 in 2020 from 13.0 in 2019, while burglary and vandalism cases both rose to 10.0 from 6.0. However, motor vehicle thefts decreased from 4.0 to 2.0, and fraud cases showed a notable drop from 9.0 to 3.0. These fluctuations might impact real estate investment decisions, insurance rates, and overall market perceptions in the... Read more
Property Crime Trends in Gulf County, FL Over the Last 2 Years
Gulf County, Florida has seen notable fluctuations in property crime over the past two years. In 2020, there was a significant increase in larceny-theft incidents, more than doubling to 26.0 from 13.0 in 2019. Burglary and vandalism incidents also showed an uptick, rising to 10.0 each from 6.0 in the previous year. Interestingly, motor vehicle thefts decreased from 4.0 in 2019 to just 2.0 in 2020, while fraud cases significantly dropped from 9.0 to 3.0. This diverse trend can offer insights into investment, real estate decisions, and insurance assessments in the region.
Demographics
Gulf County, Florida has a noticeably higher number of males compared to females. Educational attainment levels present a broad spectrum, with most adults having at least a high school diploma and a significant portion achieving some college education or higher. The age distribution shows a relatively balanced populace across most age groups, though the 55 to 64 years range appears quite prominent. Racially, the county is predominantly White, followed by a smaller but present Black or African... Read more
Race Distribution in Gulf County, Florida (2022)
Educational Attainment in Gulf County, Florida (2022)
Age Distribution in Gulf County, Florida
Citizen Population in Gulf County, Florida (2022)
Political Trends & Data
Gulf County, Florida's real estate market may be significantly influenced by its political leanings, with approximately 75% of voters supporting the Republican party in the 2020 U.S. Presidential Election. This political climate might suggest a community with conservative values, potentially attracting buyers who prioritize similar ideologies. Such a significant preference towards one party could impact local policies, development priorities, and even lifestyle choices, making it a point of... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Gulf County, Florida, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party with approximately 75% of the votes, while the Democratic party garnered about 24%. Third-party candidates, including Libertarian and Green parties, collectively received less than 1% of the vote, indicating a strong two-party preference among voters in this region.
74.89% of voters voted for the Republican party in the 2020 Presidential Election
24.32% of voters voted for the Democrat party in the 2020 Presidential Election
0.59% 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
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Gulf County, Florida has seen fluctuating student-to-teacher ratios over the last decade, ranging from 13 to 17 students per teacher. Notably, since 2015, there's been a trend towards larger class sizes compared to the national average of 14 students per teacher. This could impact decisions for potential investors, real estate developers, and families considering a move to the area, as it may reflect on educational quality and resources. Additionally, appraisers and insurance agents might... Read more
Student-to-teacher ratio in Gulf County, Florida over the last 10 years
Over the last decade, Gulf County, Florida has seen fluctuating student-to-teacher ratios, ranging from around 13 to 17 students per teacher. The notable increase from 2015 onwards suggests a trend towards larger class sizes compared to the national average of 14 students per teacher. This variable student-to-teacher ratio could impact decisions for potential investors, real estate developers, and families considering a move to the area, as it may affect educational quality and resources. For appraisers and insurance agents, these trends might also hint at changing demographics and economic conditions within the county.
