Levy County Real Estate and Livability Trends
Median home values in Levy County, Florida have seen substantial growth from $88,600 in 2015 to $151,800 in 2022, outpacing national trends but remaining below state averages. The rise in residential energy tax credits from $666.67 in 2016 to $2,285.71 in 2018 points to a growing interest in energy-efficient home improvements, appealing to eco-conscious buyers. Real estate taxes doubling over... Read more
Levy County Market Trends
In Levy County, Florida, median home values have surged from $88,600 in 2015 to $151,800 in 2022, outpacing national growth rates, although still trailing behind state averages. The rising residential energy tax credits, which climbed from $666.67 in 2016 to a peak of $2,285.71 in 2018, suggest a strong trend toward energy-efficient home improvements, attracting eco-conscious buyers. Real estate... Read more
Median Value of Occupied Housing Units in Levy County, Florida Over the Last 8 Years
In Levy County, Florida, median home values have experienced a significant upward trend over the past eight years, jumping from $88,600 in 2015 to $151,800 in 2022. Compared to national growth, which saw median home values rise from $125,500 to $179,400 during the same period, Levy County's housing market is showcasing accelerated relative value increases, though the absolute values are lower. Statewide, Florida's median home values surged from $159,000 in 2015 to $292,200 in 2022, reflecting a broader trend of robust property appreciation. For investors, this differential may indicate emerging opportunities in Levy County, where growth potential still remains untapped when juxtaposed against state benchmarks.
Residential Energy Tax Credit Per Tax Return in Levy County, FL Over the Last 9 Years
In Levy County, Florida, there's a compelling rise in residential energy tax credits per tax return over the last nine years. Starting at $422.73 in 2013, the credit saw a notable increase, peaking sharply at $666.67 in 2016, and reaching an impressive $1,100 in 2017. The trend continued upward, hitting a high of $2,285.71 in 2018, despite some fluctuations, stabilizing around $1,523.53 to $1,584.21 between 2019 and 2021. This indicates a growing investment in energy-efficient home improvements, making the area attractive for eco-conscious homeowners and investors interested in sustainable property developments.
Average Real Estate Taxes Per Tax Return in Levy County, FL Over the Last 10 Years
Over the past decade in Levy County, Florida, real estate taxes per tax return have shown a notable upward trend. From $2,290.61 in 2012 to $4,673.33 in 2021, the increasing tax costs might suggest a growing property value or changes in local tax policies. This trend could be a critical factor for potential investors, homebuyers, and developers to consider when evaluating long-term costs and property affordability in the area.
Percentage of Farm Returns in Levy County, FL Over the Last 10 Years
Levy County, Florida has seen a fluctuating yet generally stable percentage of farm tax returns over the past decade, hovering around 3.2% to 3.9%. These returns provide insights into the agricultural activity in the county, offering potential investors an outlook on the viability of farming businesses. Notably, a slight decline in farm returns from 2019 to 2021 could imply shifts in land use or economic challenges. For those eyeing agricultural investments or development in Levy County, understanding these trends could help in making informed decisions regarding the local agro-economy.
Number of Mortgages by Occupancy Type in Levy County, FL Over the Last 5 Years in Levy County
Over the past five years in Levy County, Florida, the number of mortgages for principal residences has significantly grown, peaking at nearly 3,000 in 2021, whereas mortgages for investment properties and second residences have remained relatively stable with slight increases. Such changes in occupancy type might matter because a rise in principal residence mortgages indicates an influx of primary residents, potentially driving up demand for local services, impacting property values, and shifting community demographics. For investors, this trend could imply reduced rental opportunities but may open doors for resale profits. Appraisers and insurance agents might need to adjust risk models, and real estate agents could target marketing strategies accordingly.
Economic Outlook
In Levy County, Florida, the average taxable income per tax return has grown significantly from $35,733.66 in 2013 to $53,562.18 in 2021, suggesting economic growth and increased earning potential for residents. Despite fluctuations, with state and local income taxes dropping to a low of $4,026.67 in 2018 and then rising to $8,000.00 by 2021, the overall tax environment could impact disposable income. Additionally, the average total tax liability per tax return increased consistently from... Read more
Average Taxable Income per Tax Return in Levy County, FL over the last 9 years
Over the past nine years in Levy County, FL, the average taxable income per tax return has steadily increased, reflecting economic growth and higher earning potential for residents. From a modest $35,733.66 in 2013, the average income saw a notable rise, peaking at $53,562.18 in 2021. This consistent upward trend highlights a potentially lucrative environment for investors and property developers and indicates a strengthening local economy for those considering a move.
Average State and Local Income Taxes Per Tax Return in Levy County, FL Over the Last 10 Years
Levy County, Florida has seen significant fluctuations in average state and local income taxes per tax return over the past decade. Starting at $7,764.29 in 2012, the taxes dropped significantly to a low of $4,026.67 by 2018, but surged back to $8,000.00 by 2021. These trends suggest a volatile tax environment, important for potential investors and new residents to consider as it could impact disposable income and overall cost of living in the county.
Average Total Tax Liability Per Tax Return in Levy County, FL Over the Last 10 Years
The average total tax liability per tax return in Levy County, Florida has shown a significant upward trend over the past decade. Starting at $5,402.80 in 2012, it increased consistently, reaching $7,534.55 in 2021. This steady rise could indicate economic growth or shifts in tax policy, making Levy County an intriguing spot for potential investors, property developers, and new residents seeking to understand the financial landscape. The sharp increase after 2017, with a peak in 2021, might also reflect broader economic changes post-2017 tax reforms and market dynamics.
Cost of Living in Levy County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,108 | $1,379 | $2,229 | $1,117 | $869 |
| 1 adult 4 children | $1,108 | $1,126 | $1,707 | $1,117 | $915 |
| 2 adults 3 children | $1,108 | $1,127 | $1,933 | $1,117 | $666 |
| 1 adult 3 children | $1,108 | $920 | $1,411 | $1,117 | $688 |
| 2 adults 2 children | $826 | $922 | $1,637 | $985 | $587 |
| 1 adult 2 children | $826 | $689 | $1,114 | $985 | $510 |
| 2 adults 1 child | $826 | $729 | $1,340 | $555 | $582 |
| 1 adult 1 child | $826 | $471 | $818 | $555 | $467 |
| 2 adults | $628 | $586 | $1,044 | $0 | $501 |
| 1 adult | $623 | $319 | $522 | $0 | $434 |
Safety trends & Data
Levy County, Florida, has seen a noticeable reduction in property crime over the past two years. Burglary incidents dropped dramatically from 60 to 29, while larceny-theft decreased from 48 to 39. Vandalism cases fell from 17 to 11, indicating a general improvement in the area's safety. Though motor vehicle theft remained stable, these crime trends might appeal to investors, potential residents, and real estate professionals seeking safer... Read more
Property Crime Trends in Levy County, FL Over the Last 2 Years
Property crime in Levy County, Florida shows a marked reduction over the last two years, with burglary incidents dropping dramatically from 60 to 29. Larceny-theft also declined from 48 to 39, and cases of vandalism fell from 17 to 11. While motor vehicle theft remained relatively stable, slight increases in fraud and a significant decrease in offenses related to stolen property position Levy County as an area experiencing overall improvement in property crime. This trend may be beneficial for investors, potential residents, real estate professionals, and insurance agents considering the area's evolving safety profile.
Demographics
Levy County, Florida, appears to have a higher proportion of females than males in its adult population. This demographic insight might indicate potential gender-specific services and amenities could see varied demand. The population is fairly educated, with most adults having at least a high school diploma and a noteworthy segment holding a bachelor's degree or higher, suggesting a modestly skilled workforce. Age distribution reveals a sizable aging population, particularly those over 55... Read more
Race Distribution in Levy County, Florida (2022)
Educational Attainment in Levy County, Florida (2022)
Age Distribution in Levy County, Florida
Citizen Population in Levy County, Florida (2022)
Political Trends & Data
Levy County, Florida, exhibits a robust Republican lean, with over 72% of the votes in the recent presidential election favoring the GOP, compared to about 27% for Democrats. Minor parties like Libertarian and Green barely received any support, indicating a strong two-party preference. This political trend could influence local policies and voter priorities moving... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Levy County, Florida, shows a significant lean toward the Republican party, potentially indicative of broader conservative trends in the area. With over 72% of the vote going to Republicans and only about 27% to Democrats, the county's political landscape seems firmly tilted to the right. The minor parties, including Libertarian and Green, barely made a dent, suggesting limited support for alternatives outside the two main political parties. This dominance might shape local policies and voter priorities in future elections.
72.37% of voters voted for the Republican party in the 2020 Presidential Election
26.81% 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
0.11% 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
Levy County, Florida has seen a noticeable rise in student-to-teacher ratios, jumping from around fifteen students per teacher in 2014 to nineteen in 2023. This could signal potential issues for families prioritizing education quality, especially given the national average stands at fourteen students per teacher. Such educational metrics might also be of interest to real estate and insurance professionals when gauging property value and community... Read more
Student-to-teacher ratio in Levy County, Florida over the last 10 years
Over the last decade, Levy County, Florida has experienced fluctuations in its student-to-teacher ratio, with a marked increase in the past few years. Starting at just over fifteen students per teacher in 2014, the ratio peaked at 19 students per teacher in 2023. This trend might raise concerns for those considering moving to or investing in the area, as higher student-to-teacher ratios can impact the quality of education—a critical factor for families and educators. Compared to the current national average of 14 students per teacher, Levy County's increasing ratios could also be relevant for appraisers and real estate agents when evaluating properties or advising clients. Insurance agents might also find this trend significant, as educational quality could influence the overall desirability and risk factors associated with properties.
