Orange County Real Estate and Livability Trends
Orange County, Florida has seen a substantial rise in median home values, from $163,800 in 2015 to $329,000 by 2022, outpacing state and national averages. Residents are increasingly investing in energy-efficient upgrades, leading to a peak in residential energy tax credits at $3,570.37 in 2018. Real estate taxes have nearly doubled to $7,303.24 in 2021, highlighting the area’s rising market.... Read more
Orange County Market Trends
Orange County, Florida's median home values have surged from $163,800 in 2015 to $329,000 in 2022, outpacing state and national figures, which were $292,200 and $179,400 respectively as of 2022. This trend hints at a robust local market attractive to investors and new residents. The average residential energy tax credit per tax return peaked at $3,570.37 in 2018, indicating a growing interest in... Read more
Median Value of Occupied Housing Units in Orange County, Florida Over the Last 8 Years
Orange County, Florida has seen median home values rise significantly over the last eight years from $163,800 in 2015 to $329,000 in 2022. This increase often outpaces both the state and national trends, where the median values in 2022 were $292,200 and $179,400 respectively. This trend might suggest a robust local market that's appealing to both investors and new residents, highlighting Orange County as a potentially lucrative area for real estate investments.
Residential Energy Tax Credit Per Tax Return in Orange County, FL Over the Last 9 Years
Residential energy tax credits in Orange County, Florida have seen a significant upward trend over the past nine years. Starting at $467.88 per tax return in 2013, the average credit peaked dramatically at $3,570.37 in 2018, showing a marked increase in investment in energy-efficient upgrades. By 2021, this figure remained elevated at $2,991.37. This substantial rise indicates growing interest and investment in sustainable home energy solutions, making it an attractive area for eco-conscious buyers and investors committed to green living.
Average Real Estate Taxes Per Tax Return in Orange County, FL Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Orange County, Florida have shown a notable upward trend. Average taxes increased from approximately $3,690.38 in 2012 to around $7,303.24 in 2021, nearly doubling in this period. Significant jumps are observed in 2018 and 2019, suggesting possible property value surges or re-assessments during those years. This trend could imply a growing market and potentially escalating property values, factors investors, property developers, and prospective residents might find compelling.
Percentage of Farm Returns in Orange County, FL Over the Last 10 Years
Orange County, Florida has seen a gradual decline in the percentage of farm tax returns over the last 10 years, going from 0.13% in 2012 to 0.08% in 2021. Farm tax returns pinpoint the proportion of local tax filings originating from farm-related income, providing insight into the agricultural economic activity in the area. Potential investors, developers, or residents might find this trend noteworthy as it could suggest a shift away from agricultural ventures, potentially indicating changes in land use, property values, or economic focus within the county. It's important to consider this when evaluating the longevity and diversification of the region's economic base.
Number of Mortgages by Occupancy Type in Orange County, FL Over the Last 5 Years in Orange County
The trends in Orange County, Florida's mortgage counts over the past five years highlight a significant shift toward principal residence purchases, with a notable spike in 2020 and 2021. Investment property mortgages saw an increase in 2021, suggesting a potential rebound in real estate investment activity, while second residence mortgages experienced a sharp decline in 2022. These changes in occupancy types are crucial for investors, real estate agents, and appraisers because they reflect broader market dynamics and potential shifts in demand. Insurance agents and property developers might also find this information valuable for determining risk assessments and identifying emerging market opportunities.
Economic Outlook
Orange County, Florida has experienced a consistent rise in average taxable income per tax return, jumping from $51,239.83 in 2013 to $81,070.01 by 2021. This surge hints at a growing affluent population, which could attract investors and new residents seeking economic growth. Similarly, average state and local income taxes have escalated from $10,654.58 in 2012 to $30,595.23 in 2021, suggesting rising fiscal pressures. The total tax liability has also trended upward, moving from $10,127.88 in... Read more
Average Taxable Income per Tax Return in Orange County, FL over the last 9 years
Orange County, FL has seen a steady increase in the average taxable income per tax return over the past nine years, with notable jumps in recent years. From $51,239.83 in 2013, it rose to $81,070.01 by 2021. This sharp rise, especially between 2020 and 2021, suggests a growing affluent population and can be an attractive indicator for investors and potential residents looking for economic growth and higher earning potential in the area.
Average State and Local Income Taxes Per Tax Return in Orange County, FL Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Orange County, Florida, have seen a dramatic increase, jumping from $10,654.58 in 2012 to $30,595.23 in 2021. This sharp rise indicates growing fiscal pressures and could signal rising incomes, though it also suggests that new residents or investors should be prepared for higher tax burdens. The most significant jumps occurred post-2017, reflecting possible changes in local tax policies or economic conditions.
Average Total Tax Liability Per Tax Return in Orange County, FL Over the Last 10 Years
Over the last decade in Orange County, Florida, the average total tax liability per tax return has exhibited a steady upward trend. Taxpayers saw a significant jump from $10,127.88 in 2012 to $15,644.29 in 2021. Noteworthy spikes occurred in 2017 and 2021, suggesting potential economic or policy changes impacting tax liabilities. Understanding these trends is crucial for investors and residents, as rising tax liabilities can affect disposable income and overall cost of living.
Cost of Living in Orange County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,090 | $1,613 | $1,963 | $1,393 | $1,320 |
| 1 adult 4 children | $2,090 | $1,317 | $1,501 | $1,393 | $1,459 |
| 2 adults 3 children | $2,090 | $1,317 | $1,703 | $1,393 | $1,087 |
| 1 adult 3 children | $2,090 | $1,076 | $1,241 | $1,393 | $1,234 |
| 2 adults 2 children | $1,636 | $1,078 | $1,443 | $1,223 | $872 |
| 1 adult 2 children | $1,636 | $806 | $981 | $1,223 | $897 |
| 2 adults 1 child | $1,636 | $852 | $1,183 | $669 | $821 |
| 1 adult 1 child | $1,636 | $551 | $721 | $669 | $726 |
| 2 adults | $1,440 | $685 | $923 | $0 | $707 |
| 1 adult | $1,355 | $373 | $462 | $0 | $627 |
Safety trends & Data
Property crimes in Orange County, Florida showed a notable drop over the last two years, signaling potential improvements in community vigilance and law enforcement effectiveness. Larceny-theft decreased from 4,534 incidents in 2019 to 3,062 in 2020, and similar downward trends were seen in burglary and motor vehicle theft, pointing to better home and vehicle security measures. Less common crimes like embezzlement and fraud also dropped, possibly reflecting stricter financial oversight. This... Read more
Property Crime Trends in Orange County, FL Over the Last 2 Years
Property crimes in Orange County, Florida have shown notable changes over the last two years. Larceny-theft saw a considerable decrease from 4,534 incidents in 2019 to 3,062 in 2020, which might indicate improved community vigilance or law enforcement effectiveness. Burglary and motor vehicle theft also trended downward, potentially signaling better home and vehicle security measures. Though less common, categories like embezzlement and fraud also dropped, likely reflecting stricter financial oversight and anti-fraud measures. Trends also show a decline in vandalism and forgery, suggesting a possible improvement in property security and economic conditions. These figures may be significant to investors, homeowners, and real estate professionals evaluating the area's safety and economic environment.
Demographics
Orange County, Florida reveals a fairly balanced gender population with a slightly higher number of females. The diverse educational profile shows a significant proportion of the population holding high school diplomas, bachelor's degrees, and some college experience but no degree. The age distribution hints at a younger demographic, with a notable chunk in the 25 to 34 years range. Analysis of the racial composition shows a predominantly White population, followed by a solid representation of... Read more
Race Distribution in Orange County, Florida (2022)
Educational Attainment in Orange County, Florida (2022)
Age Distribution in Orange County, Florida
Citizen Population in Orange County, Florida (2022)
Political Trends & Data
In Orange County, Florida, the 2020 U.S. Presidential Election seemed to significantly favor the Democratic party, which captured approximately 61% of the votes. Republicans trailed with nearly 38%, while minor parties like the Libertarians and Greens collectively accounted for just around 1%. This pattern could suggest a strong Democratic leaning in the county, contrasting with the more politically diverse regions seen elsewhere in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Orange County, Florida, the 2020 U.S. Presidential Election seemed to favor the Democratic party, capturing approximately 61% of the votes, while Republicans garnered nearly 38%. Minor parties, including the Libertarians and Greens, appeared to have minimal impact, collectively accounting for just around 1% of the total votes. This voting pattern might indicate a strong Democratic leaning in this county, contrasting with other regions in Florida that show more diverse political leanings.
37.90% of voters voted for the Republican party in the 2020 Presidential Election
61.02% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
0.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Orange County, Florida, the student-to-teacher ratio has increased from approximately 15 to nearly 17 over the past decade, surpassing the national average of 14. This shift might suggest larger classroom sizes, potentially impacting educational quality and classroom engagement. For prospective homebuyers and real estate investors, this trend could signal either a growing or under-resourced school district, potentially influencing property values and development interests in the area.... Read more
Student-to-teacher ratio in Orange County, Florida over the last 10 years
Over the past decade, the student-to-teacher ratio in Orange County, Florida climbed from roughly 15 students per teacher to nearly 17, surpassing the national average of 14 students per teacher. This gradual increase could indicate expanding classroom sizes, potentially affecting the quality of education and classroom engagement. Such changes might matter for those contemplating moving to Orange County, influencing decisions on relocating based on educational quality. Investors and real estate agents might view this trend as a signal of either a growing or under-resourced school district, which could impact property values and development interests in the area. Insurance agents and property developers might also find these shifts significant as they assess the future needs and dynamics of the community.
