Madison County Real Estate and Livability Trends
Madison County, Florida, has seen notable economic and real estate trends that potential investors and residents need to consider. Average taxable income per tax return has risen from $38,601.85 in 2013 to $47,765.51 in 2021, and median home values have climbed from $78,500 to $92,400 in the same period. Energy tax credits spiked, highlighting a shift towards energy-efficient homes. Real estate... Read more
Madison County Market Trends
The median home values in Madison County, Florida have seen a gradual rise from $78,500 to $92,400 over the last eight years, offering a more stable market compared to Florida's and the national surge. The spike in residential energy tax credits, from $370.00 in 2013 to $1,471.43 in 2021, indicates a local push towards energy-efficient homes. Real estate taxes per tax return have jumped from... Read more
Median Value of Occupied Housing Units in Madison County, Florida Over the Last 8 Years
The median home values in Madison County, Florida have shown a steady albeit slow climb from $78,500 to $92,400 over the last eight years. This growth seems modest when compared to Florida's overall surge from $159,000 to $292,200, and even more so against the national rise from $125,500 to $179,400. If you're looking to invest in Madison County or move there, this trend could indicate a more stable market with potentially lower entry costs, making it an intriguing option for those looking to escape higher statewide or national housing prices.
Residential Energy Tax Credit Per Tax Return in Madison County, FL Over the Last 9 Years
Madison County, Florida has seen a notable increase in the average residential energy tax credit per tax return over the past nine years, jumping from $370.00 in 2013 to $1,471.43 in 2021. This upward trend indicates a growing investment in energy-efficient home improvements among residents, reflecting broader state and national pushes for sustainability. For potential investors and property developers, this shift not only underscores the community's commitment to energy efficiency but also highlights the potential for ongoing support and incentives for green building practices.
Average Real Estate Taxes Per Tax Return in Madison County, FL Over the Last 10 Years
Madison County, Florida has experienced a fluctuating yet noticeable increase in real estate taxes per tax return over the past decade, with a significant jump in recent years. From $2,120.99 in 2012 to $3,460.00 in 2021, the upward trend likely reflects rising property values and possibly changing tax policies. This pattern suggests a dynamic real estate market which could warrant closer attention from investors and potential homeowners assessing the financial landscape.
Percentage of Farm Returns in Madison County, FL Over the Last 10 Years
Farm tax returns in Madison County, Florida have shown slight fluctuations over the past decade, generally hovering around 6.0% to 7.1%. Notably, there was a peak in 2013 at around 7.08%, followed by a gradual decline to around 5.88% in 2020. Farm tax returns are critical data points indicating the volume of taxable income from agriculture, which may influence investment decisions in local agribusiness, real estate, and economic development. Understanding these trends can provide valuable insights for potential investors and residents considering the stability and growth of the agricultural sector in the area.
Number of Mortgages by Occupancy Type in Madison County, FL Over the Last 5 Years in Madison County
In Madison County, Florida, the data reveals some fluctuating trends in mortgage counts over the past five years. Principal residences consistently dominate the market, with a noticeable uptick from 425 in 2018 to 738 in 2021, although dropping to 547 in 2022. Investment property mortgages saw a smaller but still significant increase, reaching 22 in 2022 from as low as 8 in 2021. Second residences have remained relatively stable but also show slight increases. These shifts in occupancy type are crucial for various stakeholders. Investors might find growing opportunities in principal and second residences, while insurance agents and appraisers need to consider the evolving risk profiles and valuation factors associated with these trends. Real estate agents and those considering relocating will benefit from understanding these dynamics to navigate the local market more effectively.
Economic Outlook
Madison County, Florida has seen average taxable income per tax return grow from $38,601.85 in 2013 to $47,765.51 in 2021, with notable jumps like the rise to $46,058.43 in 2017. The county’s state and local income taxes have fluctuated wildly, from $4,092.31 in 2016 to $9,866.67 in 2019, suggesting economic shifts or policy changes. Also notable is the variability in total tax liability, peaking at $8,331.58 in 2017. These trends highlight the dynamic economic conditions that potential... Read more
Average Taxable Income per Tax Return in Madison County, FL over the last 9 years
Madison County, FL has shown a steady increase in average taxable income per tax return over the past nine years, jumping from around $38,601.85 in 2013 to $47,765.51 in 2021. The surge to $46,058.43 in 2017 marked a significant rise, underscoring a stronger economic footing. These upward trends suggest a promising environment for investors and potential residents, as the increasing incomes may indicate economic growth and improved local opportunities.
Average State and Local Income Taxes Per Tax Return in Madison County, FL Over the Last 10 Years
Madison County, Florida has experienced significant fluctuations in state and local income taxes over the past decade, with values ranging from $4,092.31 in 2016 to a high of $9,866.67 in 2019. This variability underscores the importance of understanding fiscal trends for potential investors, homeowners, and current residents who must navigate an often unpredictable tax landscape. Notably, the sharp rise in 2018 and 2019 followed by a steep drop in 2021 suggests external economic factors, possibly policy shifts or changes in local economic conditions, that can affect financial planning and investment decisions in the area.
Average Total Tax Liability Per Tax Return in Madison County, FL Over the Last 10 Years
Madison County, Florida, has experienced various fluctuations in the average total tax liability per tax return over the last decade. The noticeable peak in 2017, where tax liability jumped to $8,331.58 from the previous year's $5,744.40, stands out. Overall, despite some yearly variations, the trend shows a general increase in tax liabilities, which could indicate rising incomes or changes in local tax policies. This information is essential for investors and residents since it reflects economic activity and potential tax burdens within the county.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,094 | $1,440 | $2,124 | $1,121 | $870 |
| 1 adult 4 children | $1,094 | $1,176 | $1,627 | $1,121 | $920 |
| 2 adults 3 children | $1,094 | $1,176 | $1,841 | $1,121 | $666 |
| 1 adult 3 children | $1,094 | $960 | $1,344 | $1,121 | $693 |
| 2 adults 2 children | $826 | $963 | $1,559 | $962 | $585 |
| 1 adult 2 children | $826 | $719 | $1,062 | $962 | $511 |
| 2 adults 1 child | $826 | $761 | $1,277 | $447 | $563 |
| 1 adult 1 child | $826 | $492 | $779 | $447 | $450 |
| 2 adults | $731 | $611 | $994 | $0 | $532 |
| 1 adult | $677 | $333 | $497 | $0 | $452 |
Safety trends & Data
Madison County, Florida has seen shifts in property crime trends over the past two years. Burglary numbers have stayed consistent at 13 incidents annually, while larceny-theft edged up from 14 to 17. Interestingly, fraud cases decreased from 9 to 6, and vandalism dropped considerably from 7 to 1. These changes could be essential for insurers, investors, and potential residents in assessing the area's safety and risk... Read more
Property Crime Trends in Madison County, FL Over the Last 2 Years
Madison County, Florida has witnessed some shifts in property crime over the past two years. Burglary incidents have remained consistent with 13 occurrences each year, while larceny-theft saw a slight increase from 14 in 2019 to 17 in 2020. Notably, fraud cases decreased from 9 to 6, and vandalism saw a more significant drop from 7 to just 1. This data may indicate potential changes in local crime dynamics, valuable for insurers, investors, real estate agents, and those considering moving to the area.
Demographics
In Madison County, Florida, the adult population is almost evenly split between males and females. Educationally, most residents have completed high school, but fewer have attained higher degrees such as a Bachelor's or beyond. Age-wise, the population skews older, with significant numbers in the 55 to 74-year age range. Racially, the majority are White, followed by a considerable Black or African American community, while other racial groups are present in minimal... Read more
Race Distribution in Madison County, Florida (2022)
Educational Attainment in Madison County, Florida (2022)
Age Distribution in Madison County, Florida
Citizen Population in Madison County, Florida (2022)
Political Trends & Data
Madison County in Florida leaned significantly Republican in the 2020 U.S. Presidential Election, with about 59.4% of the vote, suggesting a predominantly conservative community. Democrats received approximately 39.9% of the vote, indicating a considerable, albeit smaller, liberal presence. Libertarians and other parties had a minimal impact, underscoring the strong two-party system in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Madison County in Florida showed a notable leaning towards the Republican party during the 2020 U.S. Presidential Election, with approximately 59.4% of the vote possibly indicating a strong conservative presence. In contrast, Democrats garnered around 39.9%, which might suggest a significant minority but still a substantial portion of the electorate. Libertarians and other smaller parties received a minimal share of the votes, potentially highlighting the two-party dominance in this region.
59.45% of voters voted for the Republican party in the 2020 Presidential Election
39.95% of voters voted for the Democrat party in the 2020 Presidential Election
0.34% 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
0.13% of voters voted for the Other party in the 2020 Presidential Election
School Data
Madison County, Florida's fluctuating student-to-teacher ratios, varying from 12 in 2014 to 19 in 2023, potentially signal changes in population growth, school funding, or community development. These trends might impact investment decisions, real estate appraisals, and new building projects by suggesting shifts in educational resources and demand. For families, this could indicate the quality of local education compared to the national average of 14 students per teacher, while for insurance... Read more
Student-to-teacher ratio in Madison County, Florida over the last 10 years
Madison County, Florida has recorded varying student-to-teacher ratios over the past decade, ranging from a low of 12 in 2014 to a high of 19 in 2023. This trend significantly impacts areas like investment, appraisals, and real estate since a higher ratio could suggest potential strain on educational resources compared to the national average of 14 students per teacher. For families considering a move, investors evaluating the local real estate market, or builders planning new projects, the fluctuating ratios may hint at changes in population growth, school funding, or overall community development. For insurance agents and appraisers, these metrics could offer insights into the demand for educational infrastructure and community priorities.
