Okeechobee County Real Estate and Livability Trends
Okeechobee County, Florida’s real estate market has seen median home values rise from $93,800 in 2015 to $158,500 in 2022. This rapid appreciation remains well below Florida's median of $292,200, offering an attractive entry point for investors. With significant jumps in residential energy tax credits and rising real estate taxes reflecting increasing property values or adjustments, the market... Read more
Okeechobee County Market Trends
Okeechobee County, Florida's real estate market has experienced remarkable growth, with median home values jumping from $93,800 in 2015 to $158,500 in 2022. Though still below Florida's state median of $292,200, this rapid appreciation could catch investors' eyes looking for affordable yet promising opportunities. Significant jumps in the average residential energy tax credit, from $306.25 in... Read more
Median Value of Occupied Housing Units in Okeechobee County, Florida Over the Last 8 Years
Okeechobee County, Florida has seen significant growth in median home values over the last eight years, from $93,800 in 2015 to $158,500 in 2022. This increase demonstrates strong local market potential. While still below Florida's state median of $292,200 for 2022, which itself is markedly higher than the national median of $179,400, Okeechobee County's rapid appreciation could appeal to investors looking for more affordable opportunities that exhibit growth potential. For residents or prospective homeowners, this trend suggests rising property values which may increase home equity but also could impact affordability.
Residential Energy Tax Credit Per Tax Return in Okeechobee County, FL Over the Last 9 Years
Okeechobee County, Florida has seen significant growth in the average residential energy tax credit per tax return over the past nine years, evolving from $306.25 in 2013 to $2,026.67 in 2021. The notable spike around 2017 to 2018, rising from $577.78 to $1,733.33, indicates heightened investments in sustainable energy solutions during this period. This trend demonstrates increasing tax incentives and a shift toward eco-friendly residential upgrades, making the county attractive for eco-conscious investors and homeowners focused on long-term energy savings.
Average Real Estate Taxes Per Tax Return in Okeechobee County, FL Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Okeechobee County, Florida have generally trended upward, rising from $2,498.95 in 2012 to $4,561.54 in 2021. Noticeable spikes occurred in 2017 and 2020, with significant increases in the years leading up to 2021. This trend may suggest growing property values or adjustments in tax rates, which could impact decisions for investors, potential residents, or property developers considering entering this market.
Percentage of Farm Returns in Okeechobee County, FL Over the Last 10 Years
Over the past decade, the percentage of farm returns in Okeechobee County, Florida has seen a gradual decline from 2.42% in 2012 to 1.74% in 2021. This trend might hint at changing agricultural dynamics or market conditions impacting the profitability or viability of farming in the area. For investors and individuals considering this county for agribusiness, it's a potential signal to evaluate current market conditions and future projections carefully. Understanding farm tax returns, which reflect reported farm income subject to taxation, can give insights into the economic health and profitability of local farming enterprises.
Number of Mortgages by Occupancy Type in Okeechobee County, FL Over the Last 5 Years in Okeechobee County
Okeechobee County has shown a consistent preference for principal residences over the last five years, with mortgages for these properties significantly outnumbering those for investment and second residences. This trend suggests stability in homeowner occupancy, which could imply a steady demand for long-term housing. Investment property mortgages have seen an uptick, particularly from 2019 to 2022, doubling within that period, hinting at increasing investor interest. Second residence mortgages have fluctuated but generally remain low, indicating that the area isn't a primary destination for vacation homes. These changes in occupancy types could impact property values, insurance rates, and investment returns, making it crucial for stakeholders to consider these dynamics when making decisions.
Economic Outlook
Okeechobee County, Florida has seen a rise in average taxable income per tax return, peaking at $55,078.17 in 2021, signaling robust economic growth and offering promising opportunities for investors and new residents. Despite significant fluctuations in state and local income taxes, such as sharp upticks in 2014 and 2021 to $6,022.22 and $10,975.00 respectively, the overall trend suggests economic vibrancy. Additionally, the average total tax liability per tax return peaked at $7,936.45 in... Read more
Average Taxable Income per Tax Return in Okeechobee County, FL over the last 9 years
Okeechobee County, FL has experienced a noticeable rise in average taxable income per tax return over the past nine years, peaking at $55,078.17 in 2021. This trend reflects a robust economic growth, offering promising opportunities for investors, builders, and new residents alike. The steady increase, especially significant gains post-2016, indicates improving economic conditions and a potentially stable market for real estate and other investments. Such growth makes Okeechobee County an attractive location for those looking to capitalize on a burgeoning economy.
Average State and Local Income Taxes Per Tax Return in Okeechobee County, FL Over the Last 10 Years
Okeechobee County, Florida has seen significant fluctuations in average state and local income taxes per tax return over the past decade. Notably, 2014 and 2021 experienced sharp upticks with figures of $6,022.22 and $10,975.00 respectively, contrasting with lower averages like $2,625.00 in 2018. These marked variations highlight potential economic changes or policy shifts, which prospective investors and residents should consider for financial planning and long-term commitments in the area.
Average Total Tax Liability Per Tax Return in Okeechobee County, FL Over the Last 10 Years
Okeechobee County, Florida, has experienced notable fluctuations in average total tax liability per tax return over the past decade, peaking in 2021 at $7,936.45. Such variability, with significant increases in years like 2013 and 2017, suggests a dynamic economic environment potentially driven by shifts in local industry, employment rates, or demographic changes. This trend is crucial for investors and new residents to understand the financial landscape and anticipate potential cost implications of living or operating a business in the county.
Cost of Living in Okeechobee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,211 | $1,424 | $2,136 | $1,385 | $964 |
| 1 adult 4 children | $1,211 | $1,163 | $1,636 | $1,385 | $1,041 |
| 2 adults 3 children | $1,211 | $1,163 | $1,852 | $1,385 | $757 |
| 1 adult 3 children | $1,211 | $949 | $1,352 | $1,385 | $814 |
| 2 adults 2 children | $979 | $952 | $1,568 | $1,212 | $667 |
| 1 adult 2 children | $979 | $711 | $1,068 | $1,212 | $619 |
| 2 adults 1 child | $979 | $752 | $1,284 | $651 | $637 |
| 1 adult 1 child | $979 | $486 | $784 | $651 | $526 |
| 2 adults | $744 | $604 | $1,000 | $0 | $528 |
| 1 adult | $739 | $330 | $500 | $0 | $466 |
Safety trends & Data
Okeechobee County, Florida's property crime rates have seen interesting shifts in recent years. Burglary incidents increased from 21.0 in 2019 to 26.0 in 2020, while larceny-theft decreased noticeably from 82.0 to 63.0 cases. Motor vehicle theft and vandalism also experienced slight rises, and fraud cases went up from 9.0 to 12.0. Conversely, arrests for stolen property dipped significantly from 11.0 to 4.0. These fluctuations could influence insurance premiums and property values, crucial for... Read more
Property Crime Trends in Okeechobee County, FL Over the Last 2 Years
Okeechobee County, Florida has seen notable fluctuations in property crime rates over the last two years. Burglary incidents increased from 21.0 in 2019 to 26.0 in 2020, while larceny-theft experienced a decrease from 82.0 to 63.0 cases. Interestingly, motor vehicle theft slightly rose from 21.0 to 24.0, and vandalism saw a hike from 18.0 to 24.0 recorded arrests. Fraud cases also went up mildly from 9.0 to 12.0, whereas arrests for stolen property dropped from 11.0 to 4.0. Investors, real estate professionals, and residents should be aware of these trends as they reflect the shifting landscape of property crime in the county, impacting insurance premiums and property values.
Demographics
Okeechobee County, Florida, reflects a slightly male-dominant adult population and shows a fairly broad age distribution with a notable proportion of individuals aged 55 and older. Educationally, a significant number of residents have high school diplomas, whereas fewer pursue higher education credentials. Racially, the county is predominantly White, with smaller Black or African American and other racial groups present. These trends suggest a community with diverse educational backgrounds and... Read more
Race Distribution in Okeechobee County, Florida (2022)
Educational Attainment in Okeechobee County, Florida (2022)
Age Distribution in Okeechobee County, Florida
Citizen Population in Okeechobee County, Florida (2022)
Political Trends & Data
Okeechobee County, Florida, appears to show a strong Republican preference, possibly having about 72% of the votes in the 2020 U.S. Presidential Election. The Democratic Party likely captured roughly 27%, and third-party candidates seem to have little impact, collectively getting less than 2%. This voting pattern suggests a markedly conservative political climate and minimal third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Okeechobee County in Florida tends to lean predominantly Republican, with nearly 72% of the votes potentially supporting that party in the 2020 U.S. Presidential Election. The Democratic Party might have secured approximately 27% of the votes, while other parties, including Libertarian and Green, collectively garnered less than 2%. This distribution suggests that third-party candidates have minimal influence in this county.
71.89% of voters voted for the Republican party in the 2020 Presidential Election
27.52% of voters voted for the Democrat party in the 2020 Presidential Election
0.41% of voters voted for the Livertarian party in the 2020 Presidential Election
0.04% 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
Okeechobee County, Florida has seen its student-to-teacher ratio peak at nearly 25 in 2023, compared to the national average of about 14. This significant disparity could point to underlying challenges in the education system, potentially affecting property values and market demand. Larger class sizes might deter prospective residents and families concerned about educational quality, impacting real estate and appraisal strategies. Builders and insurance agents should also consider these trends,... Read more
Student-to-teacher ratio in Okeechobee County, Florida over the last 10 years
Okeechobee County, Florida has seen a notable increase in its student-to-teacher ratio over the past decade, culminating in a peak of nearly 25 in 2023. This is significantly higher than the national average of approximately 14 students per teacher. For potential investors, this trend could signal broader challenges within the local education system, potentially influencing property values and demand. Prospective residents and families might perceive larger class sizes as a factor in educational quality, which could impact their decision to move to the area. Real estate agents, appraisers, and builders should be mindful of this dynamic, as it could shape market trends and client priorities. Insurance agents might also consider these trends when assessing community risk factors and policy decisions, as educational resources often correlate with broader public services.
