Okaloosa County Real Estate and Livability Trends
Okaloosa County, Florida, has seen average taxable incomes rise from $55,564.22 in 2013 to $87,470.57 in 2021, coupled with significant hikes in state and local income taxes. Home values have notably increased from $186,300 in 2015 to $295,400 in 2022, likely outperforming national appreciation rates. Property crime trends show a reduction in larceny-theft but slight increases in other crimes,... Read more
Okaloosa County Market Trends
Home values in Okaloosa County, Florida, have surged from $186,300 in 2015 to $295,400 in 2022, hinting at a stronger appreciation rate compared to the national trend. Meanwhile, residential energy tax credits have also spiked dramatically, rising from $349.02 in 2013 to $3,423.44 in 2021, suggesting a growing adoption of energy-efficient technologies. Real estate taxes have consistently climbed,... Read more
Median Value of Occupied Housing Units in Okaloosa County, Florida Over the Last 8 Years
Over the last eight years, Okaloosa County, Florida has seen a noticeable rise in median home values, from $186,300 in 2015 to $295,400 in 2022. This trend suggests a higher appreciation rate compared to the national average, which increased from $125,500 to $179,400 over the same period. Even within Florida, Okaloosa County has generally followed a similar upward trajectory though slightly more pronounced. This could indicate a strengthening local real estate market, making it a potentially attractive area for investors and homebuyers looking for growth potential.
Residential Energy Tax Credit Per Tax Return in Okaloosa County, FL Over the Last 9 Years
Okaloosa County, Florida has seen significant increases in residential energy tax credits per tax return over the last nine years, highlighting a growing trend in energy-efficient investments. The average credit surged from $349.02 in 2013 to $3,423.44 in 2021, with a notable peak in 2020 at $3,800.46. This rise indicates greater adoption of energy-saving measures, making it a potentially lucrative area for investments in green technologies and energy-efficient home improvements. These data points suggest residents are increasingly prioritizing sustainability, which could also attract environmentally conscious investors and homebuyers.
Average Real Estate Taxes Per Tax Return in Okaloosa County, FL Over the Last 10 Years
The data indicates a consistent increase in average real estate taxes per tax return in Okaloosa County, Florida, over the past decade. The trend shows a rise from approximately $2,805.23 in 2012 to about $5,752.60 in 2021. Such a steady increase might reflect growing property values or higher tax rates, both of which could impact investment decisions and cost of living considerations for current and prospective residents. Potential investors and new residents should be mindful of these rising costs when evaluating the long-term financial implications of owning property in the area.
Percentage of Farm Returns in Okaloosa County, FL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Okaloosa County, Florida has generally shown subtle declines, dropping from 0.61% in 2012 to 0.52% in 2021. This slight dip might suggest a trend where farming is becoming incrementally less prevalent or profitable in the region. For potential investors, homebuilders, or those considering a move, this could indicate a gradual shift away from agricultural dependence. Farm tax returns give us a peek into the financial health of local agriculture; a decline might point to changing economic opportunities and land use priorities that are worth noting.
Number of Mortgages by Occupancy Type in Okaloosa County, FL Over the Last 5 Years in Okaloosa County
The data on mortgages in Okaloosa County, Florida, indicates notable trends in occupancy types over the last five years. Principal residences have consistently dominated, peaking in 2021 with 21,597 mortgages, but witnessed a sharp decline by 2022. Investment properties experienced growth, particularly between 2019 to 2021, suggesting heightened investor interest which could reflect either speculative buying or confidence in rental yields. Second residences saw modest increases, perhaps driven by vacation home purchases, but like principal residences, showed a decline by 2022. These shifts may influence decisions for investors, insurers, and real estate professionals by indicating market demand, potential rental income, and property valuation dynamics in the county.
Economic Outlook
Average taxable income per tax return in Okaloosa County, Florida, has surged from $55,564.22 in 2013 to $87,470.57 in 2021. This spike, particularly notable in 2017 and 2018, underscores a robust economic landscape that might make the area appealing to investors and developers. Interestingly, state and local income taxes have also skyrocketed, rising from $7,814.05 in 2012 to $21,731.87 in 2021, hinting at either higher incomes or new tax policies impacting cost of living. Concurrently, the... Read more
Average Taxable Income per Tax Return in Okaloosa County, FL over the last 9 years
Okaloosa County, FL has seen a notable increase in average taxable income per tax return over the past 9 years, rising from $55,564.22 in 2013 to $87,470.57 in 2021. This steady upward trend, especially with significant jumps in 2017 and 2021, hints at robust economic growth and increased earning potential, making it an attractive destination for investors, potential residents, and developers. The year 2018 marked the highest leap to $73,408.04, while the recent figure cements confidence in the county's economic trajectory.
Average State and Local Income Taxes Per Tax Return in Okaloosa County, FL Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Okaloosa County, Florida, have seen a significant increase from $7,814.05 in 2012 to $21,731.87 in 2021. Noteworthy jumps occurred in recent years with a dramatic spike from $9,981.22 in 2017 to $17,310.99 in 2019, followed by a steady climb reaching $21,731.87 by 2021. This trend reflects a sharp rise in income levels or changes in tax policies, which potential investors, property developers, and residents should consider as it impacts disposable income and overall cost of living.
Average Total Tax Liability Per Tax Return in Okaloosa County, FL Over the Last 10 Years
Over the past decade, Okaloosa County, Florida has seen a notable upward trend in average total tax liability per tax return, jumping from $9,512.52 in 2012 to $15,297.37 in 2021. These fluctuations suggest increasing financial obligations for residents, with significant peaks in 2017 and 2021. This trend is crucial for potential investors and residents as it indicates a rising cost of living and possibly higher income levels, which could impact the overall economic landscape and property investment opportunities in the county.
Cost of Living in Okaloosa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,753 | $1,617 | $2,026 | $1,352 | $1,202 |
| 1 adult 4 children | $1,753 | $1,320 | $1,550 | $1,352 | $1,334 |
| 2 adults 3 children | $1,753 | $1,321 | $1,758 | $1,352 | $985 |
| 1 adult 3 children | $1,753 | $1,078 | $1,282 | $1,352 | $1,102 |
| 2 adults 2 children | $1,314 | $1,081 | $1,489 | $1,182 | $779 |
| 1 adult 2 children | $1,314 | $808 | $1,013 | $1,182 | $771 |
| 2 adults 1 child | $1,314 | $854 | $1,221 | $628 | $745 |
| 1 adult 1 child | $1,314 | $552 | $745 | $628 | $618 |
| 2 adults | $1,126 | $686 | $952 | $0 | $637 |
| 1 adult | $1,058 | $374 | $476 | $0 | $546 |
Safety trends & Data
Property crime trends in Okaloosa County, Florida over the past two years show some interesting shifts. Larceny-theft saw a decrease from 716 incidents in 2019 to 485 in 2020, possibly indicating better theft prevention or changed economic conditions. At the same time, crimes such as forgery and possession of stolen property increased slightly, potentially pointing to a shift in criminal activity. These dynamics might have implications for property values, insurance rates, and investment... Read more
Property Crime Trends in Okaloosa County, FL Over the Last 2 Years
Property crime in Okaloosa County, Florida has shown notable trends over the last two years. While larceny-theft, the most frequent crime, decreased from 716 in 2019 to 485 in 2020, indicating potential improvements in theft deterrence or economic factors, other crimes like fraud and vehicle theft also saw reductions. However, areas such as forgery and possession of stolen property experienced slight upticks, from 19 to 32 and 7 to 17 respectively, suggesting a shift in criminal behavior or focus. These patterns could influence property values, insurance, and investment decisions, making it an intriguing landscape for stakeholders like real estate agents, appraisers, and those contemplating a move.
Demographics
Okaloosa County, Florida's adult population is quite balanced, slightly favoring males over females. The educational attainment reveals a strong distribution in higher education, with a significant number holding at least a bachelor's degree, which might suggest an educated workforce. The age distribution shows a notable concentration in the 25 to 34-year age range, hinting at a potentially vibrant and working-age population. Racial distribution in the county predominantly features a White... Read more
Race Distribution in Okaloosa County, Florida (2022)
Educational Attainment in Okaloosa County, Florida (2022)
Age Distribution in Okaloosa County, Florida
Citizen Population in Okaloosa County, Florida (2022)
Political Trends & Data
Okaloosa County, Florida, leaned significantly Republican in the 2020 Presidential Election with around 69% of the votes for the Republican candidate. In contrast, Democratic votes made up nearly 30%, and minor parties garnered roughly 2% combined. This conservative voting trend could play a role in local and state elections, possibly affecting policy and community development in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Okaloosa County in Florida leaned significantly Republican in the 2020 U.S. Presidential Election, with an estimated 69% of votes cast for the Republican candidate. Democratic votes accounted for nearly 30%, while minor parties like the Libertarian and Green parties had minimal representation with roughly 2% combined. This voting pattern might indicate a strong conservative base in the area, potentially influencing local and state elections as well.
68.57% of voters voted for the Republican party in the 2020 Presidential Election
29.43% of voters voted for the Democrat party in the 2020 Presidential Election
1.62% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Green party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Okaloosa County, Florida, the student-to-teacher ratio has surged to 24 students per teacher in 2023, significantly above the national average of 14. This trend might suggest rising student populations without a corresponding increase in teaching staff, which could impact the area's perceived quality of education. For investors, property developers, and real estate agents, these dynamics may influence property values and the overall attractiveness of the county for new residents, making it... Read more
Student-to-teacher ratio in Okaloosa County, Florida over the last 10 years
Over the past decade in Okaloosa County, Florida, the student-to-teacher ratio has fluctuated but remained mostly above the national average of 14 students per teacher. Recent years have shown a notable increase, peaking dramatically at 24 students per teacher in 2023. For prospective investors, property developers, and real estate agents, these changes may signal higher student populations without a proportional increase in teaching staff. This could impact the perceived quality of education in the area, potentially influencing property values and the attractiveness of the region for new residents. For those currently living in or considering a move to Okaloosa County, understanding this trend is crucial as it could affect educational outcomes and community resources.
