Indian River County Real Estate and Livability Trends
Indian River County, Florida is experiencing substantial economic growth, evidenced by a doubling in average taxable income per tax return over nine years and a notable increase in state and local income taxes from $37,604.73 in 2018 to $71,775.48 by 2021. Median home values have almost doubled from $157,800 in 2015 to $284,400 in 2022, showing a stronger growth compared to state and national... Read more
Indian River County Market Trends
Indian River County, Florida stands out for its substantial increase in median home values from $157,800 in 2015 to $284,400 in 2022, outpacing both state and national growth rates. This upward momentum makes the county particularly interesting for investors eyeing rising property values. Moreover, a significant peak in residential energy tax credits in 2018 suggests an increasing appetite for... Read more
Median Value of Occupied Housing Units in Indian River County, Florida Over the Last 8 Years
Over the past eight years, Indian River County, Florida has seen a strong upward trend in median home values, increasing from $157,800 in 2015 to $284,400 in 2022. These values are up noticeably compared to the state of Florida and the national median, which have followed similar upward paths but at a slower rate. In Florida overall, the median home value rose from $159,000 in 2015 to $292,200 in 2022. Nationally, values increased from $125,500 to $179,400 during the same period. This marked acceleration in Indian River County points towards a burgeoning local market, making it an intriguing focus for investors and homebuyers seeking rising property values.
Residential Energy Tax Credit Per Tax Return in Indian River County, FL Over the Last 9 Years
The data on residential energy tax credit per tax return in Indian River County, Florida over the past nine years shows a marked rise, peaking significantly in 2018 at $2496.15. This upward trend indicates an increasing investment in energy-efficient home improvements. For investors and property developers, this suggests a growing market for eco-friendly building solutions, potentially leading to higher property values. Residents and potential movers should note the county's focus on sustainability, which could mean long-term savings on energy costs due to increasing community adoption of renewable energy sources.
Average Real Estate Taxes Per Tax Return in Indian River County, FL Over the Last 10 Years
Over the past decade, Indian River County, Florida has shown a marked increase in average real estate taxes per tax return. Starting from about $6,939.79 in 2012, the figures have risen annually, peaking at $14,145.06 in 2021. This substantial growth in real estate taxes indicates an upward trend in property values or changes in tax policy, which could be a key consideration for potential investors and property builders. Such rising taxes may also impact homeowners, potentially making it more costly to reside in or move to the area.
Percentage of Farm Returns in Indian River County, FL Over the Last 10 Years
Farm tax returns in Indian River County, Florida have generally shown a slight downward trend over the last decade. Starting at around 0.50% in 2012, the percentage hovered slightly below that mark but saw small declines, reaching approximately 0.39% by 2021. This subtle shift might suggest marginal changes in agricultural activity or farm profitability in the area, which could be pertinent for stakeholders looking to invest in, develop, or analyze the local agricultural market.
Number of Mortgages by Occupancy Type in Indian River County, FL Over the Last 5 Years in Indian River County
Over the last five years, Indian River County, Florida has seen fluctuating numbers of mortgages in different occupancy types. Principal residences consistently show the highest mortgage counts, often suggesting a stable demand for primary homes. Investment properties and second residences have more variable counts, reflecting changes in economic conditions or market sentiments. Understanding these trends is crucial for investors who need to gauge market stability, for real estate agents targeting specific demographics, and for appraisers assessing property values. Shifts in occupancy type also matter for insurers who must adjust their risk models and for builders strategizing residential or rental developments.
Economic Outlook
Indian River County, Florida has witnessed a notable doubling in average taxable income per tax return over nine years, hinting at a flourishing economic scene and promising investment potential. Alongside, there’s been a sharp upward trend in state and local income taxes, jumping from $37,604.73 in 2018 to $71,775.48 by 2021, a pivotal factor for financial planning. The average total tax liability also saw a steep rise from $20,306.26 in 2012 to $38,514.50 in 2021, reflecting rising... Read more
Average Taxable Income per Tax Return in Indian River County, FL over the last 9 years
Indian River County, FL has seen a significant upward trend in average taxable income per tax return over the past nine years, surging from about $82,652 in 2013 to over $163,010 in 2021. This remarkable growth could indicate a thriving economic environment and potentially lucrative opportunities for investors and developers. Such an increase in disposable income can suggest an influx of higher-earning residents, improving property values, and local business potential.
Average State and Local Income Taxes Per Tax Return in Indian River County, FL Over the Last 10 Years
Over the past decade, Indian River County, Florida, has seen a significant increase in average state and local income taxes per tax return. Notably, there was a dramatic spike from $37,604.73 in 2018 to $71,775.48 by 2021. This surge indicates a heightened tax burden, which potential investors, new residents, and property builders should consider when evaluating their financial planning and investment strategies in the area.
Average Total Tax Liability Per Tax Return in Indian River County, FL Over the Last 10 Years
Over the past decade, Indian River County, Florida has seen significant increases in the average total tax liability per tax return. From $20,306.26 in 2012 to $38,514.50 in 2021, the trends indicate economic growth and rising affluence in the area. The sharp jumps in specific years, such as between 2019 and 2020, suggest notable changes in income patterns or tax policies, making the county increasingly attractive for potential investors and new residents.
Cost of Living in Indian River County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,629 | $1,673 | $1,945 | $1,225 | $1,099 |
| 1 adult 4 children | $1,629 | $1,366 | $1,487 | $1,225 | $1,226 |
| 2 adults 3 children | $1,629 | $1,367 | $1,688 | $1,225 | $896 |
| 1 adult 3 children | $1,629 | $1,116 | $1,230 | $1,225 | $990 |
| 2 adults 2 children | $1,264 | $1,119 | $1,430 | $1,067 | $735 |
| 1 adult 2 children | $1,264 | $836 | $972 | $1,067 | $685 |
| 2 adults 1 child | $1,264 | $884 | $1,173 | $554 | $696 |
| 1 adult 1 child | $1,264 | $571 | $715 | $554 | $577 |
| 2 adults | $1,048 | $710 | $915 | $0 | $608 |
| 1 adult | $845 | $387 | $458 | $0 | $480 |
Safety trends & Data
Property crime trends in Indian River County, Florida, from 2019 to 2020 reveal notable fluctuations. Burglary cases decreased significantly from 90.00 to 59.00, and larceny-theft incidents also dropped from 444.00 to 361.00. However, motor vehicle thefts increased from 21.00 to 38.00. Instances of fraud and forgery saw reductions, with fraud falling from 60.00 to 37.00 and forgery halving from 6.00 to 3.00. These varied property crime trends suggest both positive developments and areas needing... Read more
Property Crime Trends in Indian River County, FL Over the Last 2 Years
Property crime in Indian River County, Florida, saw significant fluctuation between 2019 and 2020. Burglary cases dropped from 90.00 in 2019 to 59.00 the following year, while larceny-theft also saw a considerable decline, with incidents falling from 444.00 to 361.00. Interestingly, motor vehicle thefts saw a notable increase, rising from 21.00 to 38.00. In contrast, instances of fraud and forgery saw reductions, with fraud falling from 60.00 to 37.00 and forgery cases halving from 6.00 to 3.00. This data indicates varied property crime trends, reflecting both significant improvements and areas that may require increased attention.
Demographics
Indian River County, Florida, shows a significant female population compared to males, a detail that might hint at longer life expectancies for women or specific socio-demographic trends. Diversity appears limited, with a predominant White population making up the vast majority. Educational attainment seems reasonably high, though nearly as many residents have only attended some college as those holding a bachelor's degree. An older population is evident with substantial numbers over 55,... Read more
Race Distribution in Indian River County, Florida (2022)
Educational Attainment in Indian River County, Florida (2022)
Age Distribution in Indian River County, Florida
Citizen Population in Indian River County, Florida (2022)
Political Trends & Data
Indian River County in Florida had a significant Republican tilt, with around 60% of the 2020 U.S. Presidential Election votes potentially going to the GOP. While Democrats seemed to gather close to 39%, the nearly half a percent each for Libertarian and Green parties points to a predominantly conservative region but suggests some political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Indian River County in Florida showed a notable leaning towards the Republican party, with approximately 60% of the votes potentially cast in their favor during the 2020 U.S. Presidential Election. Democrats seemingly captured close to 39% of the vote, while minor parties like the Libertarian and Green saw minimal support, each pulling in around half of a percent. These figures suggest a predominantly conservative voter base, though the near 40% for Democrats could indicate some level of political diversity.
60.39% of voters voted for the Republican party in the 2020 Presidential Election
38.82% of voters voted for the Democrat party in the 2020 Presidential Election
0.55% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
0.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Indian River County, Florida has fluctuated significantly, with a notable spike to 19 students per teacher in 2019, but has since stabilized around 15 to 16. This trend, compared to the national average of 14, suggests potentially larger class sizes which could impact educational quality and community appeal. This insight is essential for home buyers and real estate investors assessing the long-term growth and living conditions in the... Read more
Student-to-teacher ratio in Indian River County, Florida over the last 10 years
The student-to-teacher ratio in Indian River County, Florida has shown some notable fluctuations over the past decade. While it initially trended down from 15 students per teacher in 2014 to around 14 in 2018, there was a dramatic spike to 19 in 2019. Following this spike, the ratio decreased but has hovered around 15 to 16 students per teacher in recent years. Compared to the national average of 14 students per teacher, Indian River County's recent ratios may suggest larger class sizes, which could impact educational quality and classroom dynamics. This data is pertinent for potential investors, home buyers, real estate agents, and educational professionals who might be evaluating the quality of education, future community growth, and overall living conditions in the area.
