Marion County Real Estate and Livability Trends
Marion County, Florida's real estate market is buoyed by a substantial rise in average taxable income per tax return from $43,595.17 in 2013 to $64,698.23 in 2021. This economic growth correlates with median home values climbing dramatically from $111,000 in 2015 to $194,900 in 2022. Notably, residential energy tax credits peaked at $2,232.38 in 2018, potentially attracting energy-conscious... Read more
Marion County Market Trends
In Marion County, Florida, median home values have significantly increased from $111,000 in 2015 to $194,900 in 2022, offering a more affordable option compared to the statewide median of $292,200. Residential energy tax credits showed remarkable variation, peaking at $2,232.38 in 2018 due to evolving energy policies. Real estate taxes also rose markedly, reaching $5,387.03 in 2020. These trends... Read more
Median Value of Occupied Housing Units in Marion County, Florida Over the Last 8 Years
In the past eight years, Marion County, Florida has seen a steady increase in median home values, leaping from $111,000 in 2015 to $194,900 in 2022, showcasing a significant growth trend. When compared to Florida's statewide median values, which went from $159,000 to $292,200 in the same period, Marion County remains more affordable, potentially attracting budget-conscious buyers seeking value. Nationally, the median home values rose from $125,500 in 2015 to $179,400 in 2022, positioning Marion County's rates as an attractive option relative to the national market as well. This might matter for those investing in real estate or looking for cost-effective relocation options within a growing market.
Residential Energy Tax Credit Per Tax Return in Marion County, FL Over the Last 9 Years
Over the past nine years, Marion County, Florida has seen significant fluctuations in the average residential energy tax credit per tax return. In 2018, these credits peaked at an impressive $2,232.38, highlighting a substantial increase compared to the $378.79 seen in 2013. Even though the credit values dipped in subsequent years, they remained well above early decade figures, with $1,888.75 registered in 2021. These fluctuations suggest a reactive response to incentive programs and evolving energy policies, making Marion County a compelling case study for solar energy and efficiency investments.
Average Real Estate Taxes Per Tax Return in Marion County, FL Over the Last 10 Years
Over the past decade, Marion County, Florida has seen a noticeable rise in average real estate taxes per tax return, climbing from $2,932.44 in 2012 to a high of $5,387.03 in 2020 before slightly dipping in 2021. This upward trend suggests increasing property values or higher tax rates, both of which could impact potential investors and those looking to settle in the area. The significant leaps particularly seen from 2017 to 2019 indicate possible periods of economic growth or development in the region. For developers and property buyers, understanding these trends might be crucial for planning long-term investments.
Percentage of Farm Returns in Marion County, FL Over the Last 10 Years
Farm returns in Marion County, Florida have shown a slight decline over the past decade, dropping from about 1.24% in 2012 to around 0.83% in 2021. While this may signal a dip in the number of properties actively engaged in farming or reporting farm income, it could also indicate broader economic shifts in the area. For those eyeing potential investments, relocation, or property development in Marion County, understanding this trend might be crucial, especially if agriculture is a key consideration.
Number of Mortgages by Occupancy Type in Marion County, FL Over the Last 5 Years in Marion County
Marion County, Florida has seen a noticeable increase in mortgages for principal residences over the last five years, peaking in 2021. Investment property mortgage counts have also risen, albeit at a slower rate. The steady growth in second residence mortgages suggests more people are acquiring vacation or secondary homes. Changes in occupancy type can indicate shifts in market demand and investment opportunities, affecting decision-making for investors, real estate agents, and others in the property industry. For insurance agents and appraisers, understanding these trends might help in evaluating risk and property value more accurately.
Economic Outlook
Marion County, Florida has seen a consistent increase in average taxable income per tax return, jumping from $43,595.17 in 2013 to $64,698.23 in 2021, indicating robust economic growth and rising individual financial stability. Average state and local income taxes also saw dramatic changes, peaking at $19,039.00 in 2021. Total tax liability per return has notably increased to $10,742.52, reflecting rising property values and economic activities. However, poverty rates have fluctuated, peaking... Read more
Average Taxable Income per Tax Return in Marion County, FL over the last 9 years
Average taxable income per tax return in Marion County, FL has been on a steady rise over the past nine years, with notable jumps in recent years. Starting at $43,595.17 in 2013 and reaching $64,698.23 in 2021, this significant upward trend indicates robust economic growth. This is particularly appealing to investors, prospective residents, and builders, as it suggests a strengthening local economy and increasing individual financial stability.
Average State and Local Income Taxes Per Tax Return in Marion County, FL Over the Last 10 Years
Marion County, Florida has witnessed a notable shift in average state and local income taxes per tax return over the past decade. From $9,159.66 in 2012, taxes spiked to $19,039.00 in 2021. The figures reached their zenith in 2019 at $17,146.81, highlighting a significant fluctuation with a peak in burden and subsequent relief periods. This volatility can impact potential investors, property developers, and residents who must consider such financial dynamics when planning long-term engagements in the county.
Average Total Tax Liability Per Tax Return in Marion County, FL Over the Last 10 Years
Over the past decade, Marion County, Florida has seen a notable increase in average total tax liability per tax return, peaking at $10,742.52 in 2021. This upward trend, despite minor fluctuations, signals growing economic contributions possibly linked to rising property values, increased economic activities, and population growth. Such insights are crucial for investors, prospective residents, and developers considering Marion County an appealing location for their economic and living interests.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,448 | $1,508 | $1,757 | $1,221 | $909 |
| 1 adult 4 children | $1,448 | $1,232 | $1,342 | $1,221 | $992 |
| 2 adults 3 children | $1,448 | $1,232 | $1,525 | $1,221 | $714 |
| 1 adult 3 children | $1,448 | $1,006 | $1,110 | $1,221 | $778 |
| 2 adults 2 children | $1,131 | $1,008 | $1,293 | $1,066 | $620 |
| 1 adult 2 children | $1,131 | $753 | $879 | $1,066 | $572 |
| 2 adults 1 child | $1,131 | $797 | $1,062 | $563 | $609 |
| 1 adult 1 child | $1,131 | $515 | $647 | $563 | $509 |
| 2 adults | $919 | $640 | $830 | $0 | $532 |
| 1 adult | $855 | $349 | $415 | $0 | $465 |
Safety trends & Data
Marion County, Florida's property crime rates have dropped significantly over the past four years, with larceny-theft incidents falling from 1,505 in 2019 to 770 in 2022 and burglaries decreasing from 287 to 87. While vandalism cases have fluctuated, they also saw a decline from 135 in 2019 to 107 in 2022. This trend could appeal to investors, residents, and real estate professionals assessing the area's safety and potential impacts on property values and insurance... Read more
Property Crime Trends in Marion County, FL Over the Last 4 Years
Marion County, Florida has experienced a notable decline in various types of property crime over the last four years. For instance, incidents of larceny-theft dropped from 1,505 in 2019 to 770 in 2022, while burglary saw a reduction from 287 to 87 over the same period. Conversely, vandalism cases haven't shown a consistent downward trend, revealing fluctuations, although they did decrease from 135 in 2019 to 107 in 2022. This data might interest potential investors, residents, and real estate agents who are evaluating the area's safety and its implications for property values and insurance rates.
Demographics
Marion County, Florida, exhibits diverse demographic trends in terms of age, gender, race, and educational attainment. Gender distribution appears fairly balanced with a slight female majority. The county's age distribution seems skewed toward an older population, potentially indicating a retirement-friendly environment. Racially, the population is predominantly White, with a modest representation of African American and other racial groups. Educational attainment data reveals a significant... Read more
Race Distribution in Marion County, Florida (2022)
Educational Attainment in Marion County, Florida (2022)
Age Distribution in Marion County, Florida
Citizen Population in Marion County, Florida (2022)
Political Trends & Data
Marion County, Florida, historically leaned quite Republican, evident from the 2020 U.S. Presidential Election results. Democratic candidates might have struggled to gain competitiveness, receiving a smaller portion of the vote. Third parties such as the Libertarian and Green parties appeared to have minimal impact, reflecting their low visibility in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marion County in Florida leaned significantly towards Republican in the 2020 U.S. Presidential Election, with the majority of votes possibly going to the GOP. Democrats may not have been very competitive, garnering a noticeable but smaller share of the vote. Third parties like the Libertarian and Green parties barely registered on the scale, suggesting minimal influence.
62.54% of voters voted for the Republican party in the 2020 Presidential Election
36.63% of voters voted for the Democrat party in the 2020 Presidential Election
0.58% 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
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marion County, Florida's fluctuating student-to-teacher ratio often exceeding the national average of 14 students per teacher could suggest larger class sizes compared to other areas. After peaking at almost 19 students per teacher in 2016 and again in 2020, the ratio has remained relatively high at around 18. For prospective investors, real estate professionals, and families considering a move, these trends might prompt questions about resource allocation and the potential impact on education... Read more
Student-to-teacher ratio in Marion County, Florida over the last 10 years
Marion County, Florida's student-to-teacher ratio has fluctuated over the past decade, often exceeding the national average of 14 students per teacher, which could suggest larger class sizes compared to other areas. Notably, after peaking at almost 19 students per teacher in 2016 and again in 2020, the ratio remained relatively high in recent years, hovering around 18. For prospective investors, real estate professionals, and families considering moving to the area, these trends might raise questions about resource allocation and the potential impact on the quality of education. Additionally, insurance agents and appraisers might want to factor in these educational metrics when evaluating the desirability and future growth of the region.
