Hamilton County Real Estate and Livability Trends
In Hamilton County, Florida, median home values have nearly doubled from $69,500 in 2015 to $100,800 in 2022, suggesting a potential hotspot for real estate investment. The average residential energy tax credit shot up to $1,680.00 in 2021, highlighting incentives for energy-efficient improvements. Real estate taxes have tripled over the last decade, likely indicating rising property values. The... Read more
Hamilton County Market Trends
Hamilton County, Florida has experienced nearly a doubling of median home values from $69,500 in 2015 to $100,800 in 2022, possibly indicating untapped potential compared to broader state and national trends. The average residential energy tax credit surged dramatically, reaching $1,680.00 in 2021, highlighting growing incentives for energy-efficient home improvements. Real estate taxes per tax... Read more
Median Value of Occupied Housing Units in Hamilton County, Florida Over the Last 8 Years
Over the past eight years, the median home value in Hamilton County, Florida, has seen an upward trajectory, nearly doubling from $69,500 in 2015 to $100,800 in 2022. This increase, while significant, remains substantially lower compared to state and national trends. Throughout the same period, Florida's median home values surged from $159,000 to $292,200, and nationwide values climbed from $125,500 to $179,400. For those looking to invest or move to Hamilton County, this may suggest untapped value and potential for growth, especially given the more modest price points in comparison to broader markets.
Residential Energy Tax Credit Per Tax Return in Hamilton County, FL Over the Last 6 Years
Hamilton County, Florida has seen a significant rise in the average residential energy tax credit per tax return over the last six years. Starting at $233.33 in 2013, the credit jumped to $500.00 by 2015 and then saw a dramatic increase, reaching $1,680.00 by 2021. This trend suggests growing incentives for energy-efficient home improvements, making the county attractive for eco-conscious investors and residents aiming to lower energy costs and benefit from tax savings.
Average Real Estate Taxes Per Tax Return in Hamilton County, FL Over the Last 10 Years
Hamilton County, Florida has seen a notable escalation in real estate taxes per tax return over the last decade, tripling from around $1,800 in 2012 to $2,800 by 2021. The most dramatic jumps occurred between 2017 and 2020, peaking at $2,970.00 in 2020. This trend might suggest increasing property values or tax rates, potentially influencing investment and living costs.
Percentage of Farm Returns in Hamilton County, FL Over the Last 10 Years
In Hamilton County, Florida, the percentage of farm tax returns has shown slight fluctuations over the past decade. Starting at 5.06% in 2012, the percentage remained quite steady until 2015 when it dipped to 4.74%. A modest rise was seen in 2017 to 5.38%, but by 2020 the figures had fallen to 4.17%. Farm tax returns offer a glimpse into agricultural activity and economic contribution from farming, and these subtle changes could suggest shifts in farming practices, economic challenges, or changes in land use within the county. For investors, property developers, and current residents, understanding these trends might help in making more informed decisions regarding agricultural investments and land use planning in Hamilton County.
Number of Mortgages by Occupancy Type in Hamilton County, FL Over the Last 5 Years in Hamilton County
Over the past five years, Hamilton County, Florida has seen varying trends in mortgage counts based on property occupancy type. Principal residences consistently dominate the market, while investment properties and second residences represent a smaller slice. Noticeable increases in mortgages for principal residences, particularly between 2019 and 2021, suggest a potential boost in family relocations or people settling permanently in the county. Understanding the balance of occupancy types can help investors gauge market stability, aid real estate agents in targeting the right buyers, and guide appraisers and insurance agents in risk assessment. For builders and developers, these trends could hint at future demands for residential infrastructure or rental properties.
Economic Outlook
Hamilton County, Florida has seen a notable increase in its average taxable income per tax return, rising from $36,521.06 in 2013 to $46,721.90 in 2021. This trend, especially the sharp rise between 2016 and 2018, hints at expanding economic opportunities. Meanwhile, state and local income taxes per tax return have also climbed, peaking at $3,933.33 in 2021, suggesting rising incomes or changes in tax policies. The average total tax liability per tax return has generally trended upwards,... Read more
Average Taxable Income per Tax Return in Hamilton County, FL over the last 9 years
Hamilton County, FL has experienced a notable increase in average taxable income per tax return over the last nine years, climbing from $36,521.06 in 2013 to $46,721.90 in 2021. The upward trend was particularly pronounced between 2016 and 2018, with income rising sharply from $37,163.27 to $43,886.81. Despite some fluctuations, such as a dip in 2019 and 2020, the overall progression indicates economic strengthening. This upward trend in average taxable income could signal expanding economic opportunities, making Hamilton County an appealing location for potential investors and residents.
Average State and Local Income Taxes Per Tax Return in Hamilton County, FL Over the Last 10 Years
Hamilton County, Florida has seen a notable increase in state and local income taxes per tax return over the past decade. From $2,430.00 in 2012, the figure has steadily climbed, peaking at $3,933.33 in 2021. This growth is indicative of rising incomes or adjusted tax policies and is an essential metric for potential residents, investors, and property developers who need to factor in local tax obligations in their financial planning.
Average Total Tax Liability Per Tax Return in Hamilton County, FL Over the Last 10 Years
Hamilton County, Florida has seen a fluctuating yet generally upward trend in average total tax liability per tax return over the past decade. Starting at $4,703.83 in 2012, the figure saw notable increases by 2021, reaching $5,959.13. The dips and peaks, such as a low of $4,793.51 in 2016 and highs like $5,845.39 in 2018, indicate variable economic factors and changing fiscal policies likely impacting residents' financial obligations. Such data is crucial for prospective investors or residents evaluating the county's economic landscape.
Cost of Living in Hamilton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,157 | $1,436 | $2,804 | $1,034 | $1,051 |
| 1 adult 4 children | $1,157 | $1,172 | $2,152 | $1,034 | $1,095 |
| 2 adults 3 children | $1,157 | $1,173 | $2,429 | $1,034 | $813 |
| 1 adult 3 children | $1,157 | $958 | $1,777 | $1,034 | $832 |
| 2 adults 2 children | $826 | $960 | $2,054 | $898 | $669 |
| 1 adult 2 children | $826 | $717 | $1,402 | $898 | $576 |
| 2 adults 1 child | $826 | $759 | $1,679 | $457 | $641 |
| 1 adult 1 child | $826 | $490 | $1,027 | $457 | $495 |
| 2 adults | $628 | $610 | $1,304 | $0 | $559 |
| 1 adult | $623 | $332 | $652 | $0 | $460 |
Safety trends & Data
Hamilton County, Florida has experienced a notable decrease in property crime rates. Burglary incidents dropped significantly from 25 cases in 2020 to just 2 in 2022, while larceny-theft declined from 31 cases in 2019 to 4 by 2022. This trend could indicate evolving policing strategies or shifts in community dynamics, potentially enhancing opportunities and safety perceptions for investors, real estate agents, and... Read more
Property Crime Trends in Hamilton County, FL Over the Last 4 Years
Hamilton County, Florida, has seen varied property crime rates over the last few years. Burglary incidents peaked in 2020 with 25 cases but dropped significantly by 2022 to just 2 cases. Larceny-theft rates also saw a substantial decrease, with 31 cases in 2019 dwindling to only 4 by 2022. The data indicates a possible declining trend in motor vehicle theft and fraud too. These changes may suggest evolving policing strategies or community dynamics, offering potential opportunities and improved safety perceptions for investors, real estate agents, and residents alike.
Demographics
Hamilton County, Florida, has a notable gender disparity with males outnumbering females by a substantial margin. Educational attainment levels show a significant chunk of the adult population having only a high school diploma or less. Age demographics highlight a balanced mix of young adults and older adults, suggesting a need for services catering to both ends of the age spectrum. The racial composition is predominantly White and Black or African American, pointing towards a relatively... Read more
Race Distribution in Hamilton County, Florida (2022)
Educational Attainment in Hamilton County, Florida (2022)
Age Distribution in Hamilton County, Florida
Citizen Population in Hamilton County, Florida (2022)
Political Trends & Data
Hamilton County, Florida leans Republican, with around 65% of the 2020 U.S. Presidential Election votes favoring the GOP. Democrats captured roughly 34%, while minor parties barely made an impact, together securing less than 1%. This strong Republican presence likely stems from a mix of economic, cultural, and historical... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hamilton County, Florida exhibits a leaning towards the Republican party, with approximately 65% of the votes cast in their favor during the 2020 U.S. Presidential Election. While the Democratic party garnered roughly 34%, minor parties like the Libertarian and Green barely made a dent, collectively receiving less than 1% of the vote each. This distribution suggests a strong Republican presence, though the specific reasons for this inclination could be multifaceted, spanning economic, cultural, or historical factors.
65.44% of voters voted for the Republican party in the 2020 Presidential Election
33.67% of voters voted for the Democrat party in the 2020 Presidential Election
0.57% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% 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
Hamilton County, Florida, has seen its student-to-teacher ratio shift dramatically over the past decade, from around 11 students per teacher in 2014 to nearly 21 in 2022, currently settling at about 18 in 2023. Compared to the national average of 14, these higher ratios could signal crowded classrooms, which might affect individual attention and student performance. For real estate agents, investors, and potential movers, these trends could indicate evolving educational challenges and... Read more
Student-to-teacher ratio in Hamilton County, Florida over the last 10 years
Hamilton County, Florida, has experienced noticeable fluctuations in its student-to-teacher ratio over the past decade. Starting from a low of approximately 11 students per teacher in 2014, the ratio peaked at nearly 21 in 2022 before declining to around 18 in 2023. These varying ratios can significantly influence educational quality and classroom dynamics. Comparing to the national average of 14 students per teacher, Hamilton County's higher ratios may suggest crowded classrooms, impacting individual attention and potentially affecting student performance. For investors, real estate agents, and those considering moving to the area, these trends might hint at evolving educational challenges and opportunities, highlighting a crucial factor in overall community welfare and attractiveness.
