Nassau County Real Estate and Livability Trends
Nassau County, Florida, has seen a substantial increase in average taxable income per tax return, nearly doubling from $69,428.97 in 2013 to $126,251.89 in 2021. This higher income level hints at a more affluent population, potentially uplifting property values. Home values have also surged, rising from $177,100 in 2015 to $306,800 in 2022, suggesting attractive returns for real estate investors.... Read more
Nassau County Market Trends
Nassau County, Florida has consistently seen a sharp rise in median home values over the past eight years, jumping from $177,100 in 2015 to $306,800 in 2022, outpacing both state and national figures. This escalation suggests promising returns for investors and posits the county as a prime location for real estate ventures. The average residential energy tax credit has seen significant... Read more
Median Value of Occupied Housing Units in Nassau County, Florida Over the Last 8 Years
Over the past eight years, Nassau County, Florida has consistently seen a higher median home value trajectory compared to state and national figures. In 2015, the median home value in Nassau County was $177,100, significantly above the national median of $125,500 and slightly above the state median of $159,000. Fast forward to 2022, Nassau County's median home value surged to $306,800, outpacing Florida's $292,200 and the national $179,400. This consistent rise indicates Nassau County may offer promising returns for investors and provides a critical consideration for individuals looking to relocate, invest, or build properties in this region.
Residential Energy Tax Credit Per Tax Return in Nassau County, FL Over the Last 9 Years
Nassau County, Florida has seen significant fluctuations in the average residential energy tax credit per tax return over the last nine years. Starting at $588.16 in 2013, the credit sharply increased to $1,116.13 in 2015 and peaked remarkably at $3,222.22 in 2018. Although there was a dip in subsequent years, the credit still remained high at $1,722.22 in 2019 and rose again to $2,296.97 by 2021. This indicates a rising focus and investment in energy-efficient home improvements, providing a lucrative opportunity for investors and homeowners looking to capitalize on these tax benefits.
Average Real Estate Taxes Per Tax Return in Nassau County, FL Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Nassau County, Florida show an upward trend, with a significant jump starting around 2018. Average real estate taxes climbed from $4,112.23 in 2012 to $8,251.30 in 2021. This increase might imply rising property values and could be a factor for prospective investors and residents to consider, as higher taxes often correlate with desirable locations. Notably, there is a sharp increase from 2017 to 2018, hinting at a potential catalyst event or policy change that impacted property taxes.
Percentage of Farm Returns in Nassau County, FL Over the Last 10 Years
Over the past decade, Nassau County, Florida has seen a gradual decline in the percentage of farm tax returns, dropping from about 0.97% in 2012 to roughly 0.76% in 2021. Farm tax returns represent the portion of tax returns filed by agricultural operations, which can be a useful indicator of the agricultural sector's health in a given area. For potential investors or those considering relocation, this trend may suggest shifting economic dynamics, possibly favoring development and residential growth over traditional farming. Additionally, those interested in building property may find increased value in areas previously dominated by agriculture, as land use patterns appear to be evolving.
Number of Mortgages by Occupancy Type in Nassau County, FL Over the Last 5 Years in Nassau County
The trends in mortgage counts for different occupancy types in Nassau County, Florida over the last five years reveal interesting dynamics. Principal Residence mortgages far outpace both Investment Property and Second Residence mortgages. Yet, there's a noticeable dip in total mortgage counts for Principal Residences from 2021 to 2022, which could point to wider economic factors or shifts in housing demand. As for Investment Properties, while they remain significantly lower in number, they show slight fluctuations, suggesting a potentially volatile but active investment landscape. Such trends are vital for investors, appraisers, and insurance agents as they reflect local demand and risk profile changes. Real estate agents and builders might find opportunities in these patterns to tailor their strategies to emerging needs and optimize their portfolios accordingly.
Economic Outlook
Nassau County, Florida, showcases a remarkable rise in average taxable income per tax return from $69,428.97 in 2013 to $126,251.89 in 2021, particularly jumping from $95,302.48 to $126,251.89 between 2020 and 2021. This trend hints at a more affluent population and booming local economy. The significant increase in average state and local income taxes per tax return from $11,590.00 in 2012 to $25,900.99 in 2021 suggests an evolving financial landscape and possible enhancements in public... Read more
Average Taxable Income per Tax Return in Nassau County, FL over the last 9 years
Nassau County, FL has experienced a remarkable growth in average taxable income per tax return over the last nine years, with figures rising from $69,428.97 in 2013 to $126,251.89 in 2021. This significant upward trend, particularly the substantial jump from $95,302.48 in 2020 to $126,251.89 in 2021, indicates an increasingly affluent population and a thriving local economy, presenting attractive opportunities for investors, homebuyers, and developers.
Average State and Local Income Taxes Per Tax Return in Nassau County, FL Over the Last 10 Years
Over the past decade, Nassau County, Florida has seen a significant increase in average state and local income taxes per tax return, rising from $11,590.00 in 2012 to $25,900.99 in 2021. This upward trend is noteworthy for potential investors and residents as it reflects the region's evolving financial landscape and potential economic growth. Higher taxes can indicate better-funded public services and infrastructure, which may enhance property values and quality of life. Understanding this trajectory is crucial for making informed decisions about living or investing in the area.
Average Total Tax Liability Per Tax Return in Nassau County, FL Over the Last 10 Years
Over the last decade, Nassau County, Florida has seen a steady increase in the average total tax liability per tax return, culminating in a notable jump to $24,538.52 in 2021. This rise, from $12,114.08 in 2012, highlights a significant upward trend that suggests growing incomes or changes in tax policy. This information is crucial for potential investors, new residents, or those interested in the local property market, as it indicates an economically vibrant area with possibly rising disposable incomes.
Cost of Living in Nassau County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,482 | $1,685 | $2,164 | $1,559 | $1,275 |
| 1 adult 4 children | $1,482 | $1,376 | $1,656 | $1,559 | $1,394 |
| 2 adults 3 children | $1,482 | $1,377 | $1,876 | $1,559 | $1,033 |
| 1 adult 3 children | $1,482 | $1,124 | $1,369 | $1,559 | $1,148 |
| 2 adults 2 children | $1,152 | $1,127 | $1,589 | $1,367 | $845 |
| 1 adult 2 children | $1,152 | $842 | $1,082 | $1,367 | $842 |
| 2 adults 1 child | $1,152 | $891 | $1,302 | $742 | $774 |
| 1 adult 1 child | $1,152 | $575 | $795 | $742 | $640 |
| 2 adults | $974 | $715 | $1,015 | $0 | $636 |
| 1 adult | $843 | $390 | $507 | $0 | $513 |
Safety trends & Data
Nassau County, Florida, has experienced a notable decline in various property crime categories over the past two years. Burglaries dropped from 84 in 2019 to 57 in 2020, and larceny-theft incidents also fell from 125 to 96. Conversely, motor vehicle thefts saw a slight uptick from 28 to 36. Less common crimes such as embezzlement rose slightly, while fraud decreased from 57 to 39 cases, and vandalism increased from 23 to 35. These trends may indicate shifts in law enforcement effectiveness and... Read more
Property Crime Trends in Nassau County, FL Over the Last 2 Years
Over the past two years, Nassau County, Florida, has seen a notable decline in several property crime categories. Arson remained low and constant with only 2 incidents in 2019, while burglaries dropped significantly from 84 in 2019 to 57 in 2020. Larceny-theft, a common property crime, also saw a decrease from 125 in 2019 to 96 in 2020. There's been an increase in motor vehicle thefts from 28 in 2019 to 36 in 2020. Lesser-reported crimes like embezzlement slightly increased from 3 to 6 cases, while fraud and vandalism trends also shifted, with fraud decreasing to 39 cases from 57, and vandalism rising to 35 from 23 cases. These trends may signal subtle shifts in local law enforcement effectiveness and community safety, crucial for stakeholders like potential homebuyers, insurance agents, and property developers.
Demographics
Nassau County, Florida, appears to have a balanced gender distribution with a slightly higher number of females compared to males. In terms of education, the majority of adults have at least a high school diploma, but there's still a noticeable chunk without one. The age distribution leans towards a mature population, with a significant number of individuals aged 55 and older. When it comes to race, the county is predominantly White, with smaller representations of other racial groups. These... Read more
Race Distribution in Nassau County, Florida (2022)
Educational Attainment in Nassau County, Florida (2022)
Age Distribution in Nassau County, Florida
Citizen Population in Nassau County, Florida (2022)
Political Trends & Data
Nassau County in Florida appears to be a strong conservative stronghold, with about 72.4% of the electorate leaning Republican in recent presidential elections. Democrats managed to secure roughly 26.5% of the vote, with Libertarians and other minor parties capturing less than 2%. This voting trend may indicate a predominantly right-leaning political environment in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Nassau County in Florida seems to lean heavily Republican, with approximately 72.4% of the vote going to the GOP. Democrats garnered around 26.5%, while Libertarians and other smaller parties collectively pulled in less than 2% of the vote. This voting pattern may suggest a strong conservative presence in the region.
72.38% of voters voted for the Republican party in the 2020 Presidential Election
26.46% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.07% 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
Over the past decade in Nassau County, Florida, the student-to-teacher ratio has fluctuated from about eighteen in 2016 to a low of fifteen in 2020 and 2021, currently sitting at seventeen, above the national average of fourteen. These trends could indicate variations in classroom sizes and education quality, potentially impacting property values and desirability in the area. Real estate professionals and prospective homeowners should consider these factors when evaluating local school... Read more
Student-to-teacher ratio in Nassau County, Florida over the last 10 years
Over the past decade in Nassau County, Florida, the student-to-teacher ratio has fluctuated, reaching a peak of roughly eighteen in 2016 and dropping to as low as fifteen in the years 2020 and 2021. Currently, the ratio stands at seventeen, which is above the national average of fourteen students per teacher. For those looking to invest in or move to the area, these trends might indicate variations in classroom sizes and potential impacts on the quality of education. Appraisers and insurance agents might find this significant when considering the value and desirability of properties, while real estate agents and prospective homeowners should note the implications for local school resources and community support.
