Pinellas County Real Estate and Livability Trends
Pinellas County, Florida, has seen median home values soar from $150,200 in 2015 to $284,300 in 2022, signaling a hot real estate market. Property taxes nearly doubled during the same period, reflecting increased property values and possibly enhanced public services. Interestingly, residential energy tax credits spiked in 2018, suggesting strong incentives for green home improvements. Despite... Read more
Pinellas County Market Trends
Pinellas County, Florida has witnessed a dramatic rise in median home values, jumping from $150,200 in 2015 to $284,300 in 2022. Real estate taxes have nearly doubled over the decade, pointing to increased property values and possibly better public services. The fluctuations in residential energy tax credits, peaking at $4,056.23 in 2018, highlight heightened incentives for green home... Read more
Median Value of Occupied Housing Units in Pinellas County, Florida Over the Last 8 Years
Over the last eight years, Pinellas County, Florida has experienced significant increases in median home values, jumping from $150,200 in 2015 to $284,300 in 2022. This outpaces both Florida and national averages, where median values in 2022 were $292,200 and $179,400, respectively. This upward trend suggests a robust local market, which may offer lucrative opportunities for investors and developers and reflects rising demand that could impact affordability for potential homebuyers in the area.
Residential Energy Tax Credit Per Tax Return in Pinellas County, FL Over the Last 9 Years
Over the past 9 years, the average residential energy tax credit per tax return in Pinellas County, Florida, has seen significant fluctuations, starting at $438.36 in 2013 and peaking at $4,056.23 in 2018. Notably, there was a remarkable increase in 2017 with an average of $1,828.55, followed by a surge in 2018. Investors and homeowners eyeing Pinellas County should pay attention to the higher tax credits in recent years, signaling increased incentives for energy-efficient home improvements. This trend is essential for those interested in sustainability, as it highlights the area's commitment to encouraging energy-conscious investments and could impact property values positively.
Average Real Estate Taxes Per Tax Return in Pinellas County, FL Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Pinellas County, Florida have seen a substantial increase, starting from around $3,953.36 in 2012 to approximately $8,403.97 in 2021. This near doubling of real estate tax burdens suggests rising property values and possibly increased public service investments, making it important for potential investors and property owners to consider financial implications. Such trends can influence home affordability and long-term financial commitments for both current residents and those looking to relocate to the area.
Percentage of Farm Returns in Pinellas County, FL Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Pinellas County, Florida has shown a slight but steady decline. Starting at around 0.12% in 2012, it gradually decreased to roughly 0.09% by 2021. In the context of farm tax returns, this metric likely reflects the proportion of local farmers filing income tax returns specific to farming activities. For those considering investment, property development, or residing in Pinellas County, this trend might suggest a modest reduction in agricultural activities, perhaps due to urbanization or shifts in land use, which could impact land values and local economic dynamics.
Number of Mortgages by Occupancy Type in Pinellas County, FL Over the Last 5 Years in Pinellas County
Pinellas County, Florida has seen a fluctuating pattern in mortgage counts by occupancy type over the last five years, with notable distinctions in the categories of principal residences, investment properties, and second homes. Principal residences consistently top the chart but have shown a decline from a high in 2021 of around 76,272 to roughly 49,277 in 2022. Investment properties and second residences also peaked in 2021 but similarly fell in 2022. These trends can indicate shifts in the housing market dynamics, likely influenced by broader economic factors, local employment statistics, or changes in population demographics. For those looking to invest, move, or assist in property transactions in Pinellas County, understanding these variations in occupancy types could provide critical insights into market demands, investment potential, and risk assessments.
Economic Outlook
Pinellas County, Florida, has seen a consistent upward trend in average taxable income per tax return, starting at $58,253.73 in 2013 and reaching $98,607.69 in 2021, with notable growth post-2015. Average state and local income taxes per tax return also surged, peaking at $31,170.00 in 2021, reflecting higher incomes and a potentially affluent tax base. The area's average total tax liability per tax return increased from $11,465.20 in 2012 to $19,449.11 in 2021, underscoring robust economic... Read more
Average Taxable Income per Tax Return in Pinellas County, FL over the last 9 years
The average taxable income per tax return in Pinellas County, FL has seen a consistent upward trend over the last nine years, starting at $58,253.73 in 2013 and reaching $98,607.69 in 2021. Notably, the income growth accelerated after 2015, with significant jumps in 2017 and onward, indicating a robust economic growth and increasing affluence in the area. This trend is crucial for potential investors, property developers, and those considering a move to the county, as it reflects a stable and growing economy likely to support higher property values and a stronger local market.
Average State and Local Income Taxes Per Tax Return in Pinellas County, FL Over the Last 10 Years
Over the past decade, Pinellas County, Florida, has seen significant fluctuations in average state and local income taxes per tax return. Notables include a sharp increase from $11,257.99 in 2013 to $14,015.78 in 2014 and a peak of $31,170.00 in 2021. The significant rise since 2019 reflects potential economic shifts and increased income levels, indicating a growing and possibly affluent tax base, essential for investors and potential residents evaluating financial commitments and potential property value appreciations in the area.
Average Total Tax Liability Per Tax Return in Pinellas County, FL Over the Last 10 Years
Over the last decade, Pinellas County, Florida has experienced a notable rise in average total tax liability per tax return, jumping from $11,465.20 in 2012 to $19,449.11 in 2021. This substantial increase highlights robust economic growth and rising income levels, making the area increasingly appealing for investors and property developers. Peaks in 2017 and 2020 further indicate periods of significant financial activity, possibly reflecting broader economic trends or local developments. The general upward trajectory suggests thriving local economic conditions, reinforcing Pinellas County's attractiveness for potential residents and businesses.
Cost of Living in Pinellas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,134 | $1,681 | $1,875 | $1,423 | $1,297 |
| 1 adult 4 children | $2,134 | $1,373 | $1,433 | $1,423 | $1,435 |
| 2 adults 3 children | $2,134 | $1,373 | $1,627 | $1,423 | $1,067 |
| 1 adult 3 children | $2,134 | $1,121 | $1,185 | $1,423 | $1,209 |
| 2 adults 2 children | $1,668 | $1,124 | $1,379 | $1,253 | $848 |
| 1 adult 2 children | $1,668 | $840 | $937 | $1,253 | $866 |
| 2 adults 1 child | $1,668 | $888 | $1,131 | $700 | $803 |
| 1 adult 1 child | $1,668 | $574 | $690 | $700 | $703 |
| 2 adults | $1,388 | $714 | $883 | $0 | $663 |
| 1 adult | $1,298 | $389 | $442 | $0 | $574 |
Safety trends & Data
Property crime trends in Pinellas County, Florida have seen some interesting movements over the past five years. A notable spike in incidents was recorded in 2019, with larceny-theft reaching 3,059 cases. Both burglary and motor vehicle theft had significant numbers but saw a sharp decline by 2021, including a dramatic drop in burglary from 551 to 52 cases. This stable trend continued into 2022, suggesting possible improvements in law enforcement or other social factors. Such trends could be... Read more
Property Crime Trends in Pinellas County, FL Over the Last 5 Years
Property crime trends in Pinellas County, Florida show some fascinating shifts over the past five years. A considerable spike in incidents was observed in 2019 across multiple categories, with larceny-theft peaking at 3,059 cases. Interestingly, burglary and motor vehicle theft have also seen notable numbers during the same period. However, a sharp decline occurred in 2021 for most crime categories, including a dramatic drop in burglary from 551 cases in 2020 to just 52 cases in 2021. This stability continued into 2022, which could suggest improved law enforcement or social factors at play. These trends might offer attractive insights for potential investors, developers, and insurance agents assessing risk and opportunities in the area.
Demographics
Pinellas County, Florida, shows a greater number of females compared to males, indicating a potential impact on community programs and services. Educational attainment is diverse, with a significant chunk of the population holding at least a high school diploma, suggesting a well-informed community. The age distribution highlights a substantial number of adults aged 55 and older, which might imply a need for more healthcare services and senior facilities. The racial makeup is predominantly... Read more
Race Distribution in Pinellas County, Florida (2022)
Educational Attainment in Pinellas County, Florida (2022)
Age Distribution in Pinellas County, Florida
Citizen Population in Pinellas County, Florida (2022)
Political Trends & Data
Pinellas County, Florida, experienced a nail-biting 2020 U.S. Presidential Election with Democrats narrowly winning 49.57% of the vote against Republicans' 49.35%. The minor parties barely made a dent, emphasizing the competitive nature of the area. This razor-thin difference hints that Pinellas might be a key battleground in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pinellas County, Florida, saw a highly competitive race in the 2020 U.S. Presidential Election, with Democrats slightly edging out Republicans by a narrow margin. While Democrats secured around 49.57% of the vote compared to the Republicans' 49.35%, minor parties like the Libertarian and Green parties made only marginal impacts. This close split underscores the region's potential status as a swing area in future elections.
49.35% of voters voted for the Republican party in the 2020 Presidential Election
49.57% of voters voted for the Democrat party in the 2020 Presidential Election
0.76% 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
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Pinellas County, Florida has peaked at 21 students per teacher in 2016, well above the national average of 14. Interestingly, the ratio has since trended downward, reaching 15 students per teacher by 2021. Lower ratios generally indicate better educational quality, a factor that can make the area more appealing to prospective investors, residents, and real estate agents. This trend could also impact property valuations and insurance... Read more
Student-to-teacher ratio in Pinellas County, Florida over the last 10 years
Over the past decade, the student-to-teacher ratio in Pinellas County, Florida has fluctuated, peaking at 21 students per teacher in 2016, significantly above the national average of 14. Notably, the ratio has trended downward from 2017 to 2021, reaching a low of 15 students per teacher. These changes can be crucial for prospective investors, residents, and real estate agents as lower ratios often signal better educational quality and potentially more attractive living conditions. Appraisers and insurance agents might also consider these trends, as strong educational infrastructure can impact property values and risk assessments.
