Sarasota County Real Estate and Livability Trends
Average taxable income per tax return in Sarasota County, Florida, nearly doubled from $70,830.60 in 2013 to $148,465.65 by 2021, highlighting economic stability and attractiveness. Despite a significant rise in local tax liabilities, declining poverty rates—from 11.9% in 2013 to 8.6% in 2022—suggest an affluent market. Median home values surged from $181,400 in 2015 to $338,500 in 2022,... Read more
Sarasota County Market Trends
Median home values in Sarasota County, Florida, have surged from $181,400 in 2015 to $338,500 in 2022, far outpacing state and national trends. This suggests a robust demand and thriving local real estate market. Sarasota County also saw significant fluctuations in residential energy tax credits, peaking at $3,532.18 in 2018, indicating notable investments in energy-efficient home improvements,... Read more
Median Value of Occupied Housing Units in Sarasota County, Florida Over the Last 8 Years
Median home values in Sarasota County, Florida, have surged from $181,400 in 2015 to $338,500 in 2022, reflecting a vigorous climb over the past eight years. This rise significantly outpaces both the state of Florida, where home values increased from $159,000 to $292,200 in the same period, and the national average, which moved from $125,500 to $179,400. Such growth suggests Saratoga County is an increasingly attractive area for residential investment, further indicated by its higher-than-average value gains relative to broader benchmarks. This may imply robust demand and a thriving local real estate market in comparison to wider trends.
Residential Energy Tax Credit Per Tax Return in Sarasota County, FL Over the Last 9 Years
Sarasota County, Florida has seen significant fluctuations in residential energy tax credits over the last nine years, highlighting notable investments in energy-efficient home improvements. From a modest $547.25 in 2013, average credits per tax return peaked dramatically at $3,532.18 in 2018, before settling to $1,982.10 in 2021. This rollercoaster pattern suggests that residents and property investors are increasingly capitalizing on sustainable energy solutions, especially during high incentive periods. Understanding these trends can guide potential investments, as greater energy efficiency not only lowers utility costs but also boosts property values in an environmentally conscious market.
Average Real Estate Taxes Per Tax Return in Sarasota County, FL Over the Last 10 Years
Sarasota County, Florida has seen a notable rise in average real estate taxes per tax return over the past decade, escalating from around $5,235.30 in 2012 to approximately $10,274.32 by 2021. This near doubling suggests properties in the area are either appreciating significantly or local tax rates are adjusting, potentially impacting investors and residents alike. The steep increases between 2017 to 2018 and then to 2020 indicate a possible surge in property values or tax assessments during those periods, making Sarasota attractive yet potentially costly for real estate ventures.
Percentage of Farm Returns in Sarasota County, FL Over the Last 10 Years
The percentage of farm tax returns in Sarasota County, Florida, has shown mild fluctuations over the past decade, ranging from approximately 0.23% in 2012 to around 0.19% in 2021. Farm tax returns, which are filed by agricultural businesses, highlight the modest presence and economic activity of farming in the region. This trend could suggest a relatively stable but small agricultural sector, which may be important for potential investors considering the area for diverse investment opportunities or for those interested in agri-business. This might also influence decisions for those looking to build property and assess the potential for integrating or avoiding agricultural activities.
Number of Mortgages by Occupancy Type in Sarasota County, FL Over the Last 5 Years in Sarasota County
Over the last five years in Sarasota County, Florida, there has been a noticeable fluctuation in mortgage counts across different occupancy types. Principal residences consistently show the highest number of mortgages, with a significant peak in 2021 at 40,193, likely driven by market dynamics and economic factors of that period. In contrast, investment properties and second residences display substantially lower mortgage numbers but also reflect some interesting trends; for instance, investment property mortgages rose steadily from 2018 to 2021, then slightly decreased in 2022. This variation in occupancy type matters for investors, appraisers, and real estate agents as it signifies shifts in market demand and investment patterns, influencing property values and insurance assessment. Potential homebuyers and builders could see this as a measure of the area's desirability and potential return on investment, especially when considering Sarasota's appeal for both permanent residents and second-home seekers.
Economic Outlook
Average taxable income per tax return in Sarasota County, Florida, nearly doubled from $70,830.60 in 2013 to $148,465.65 by 2021. This trend signifies growing economic stability and attractiveness, making the county a hot spot for investors, homeowners, and businesses. However, state and local income taxes per tax return also jumped significantly from $18,423.77 in 2012 to $50,937.30 in 2021, pressing potential investors to factor in increased fiscal demands. Despite the rising total tax... Read more
Average Taxable Income per Tax Return in Sarasota County, FL over the last 9 years
In Sarasota County, FL, over the past nine years, average taxable income per tax return has seen a significant increase. From $70,830.60 in 2013, it escalated to $148,465.65 by 2021, almost doubling over the period. Such a trend highlights the area’s growing economic stability and attractiveness, making it a compelling destination for investors, homeowners, and businesses looking to capitalize on rising prosperity.
Average State and Local Income Taxes Per Tax Return in Sarasota County, FL Over the Last 10 Years
Over the past decade, Sarasota County, Florida has seen a significant rise in state and local income taxes per tax return, from $18,423.77 in 2012 to $50,937.30 in 2021. This steady increase highlights growing fiscal demands on residents, making it essential for potential investors and new residents to consider these costs in their financial planning. The substantial jump, particularly post-2018, suggests changing economic conditions or policy shifts that have directly impacted taxpayer obligations.
Average Total Tax Liability Per Tax Return in Sarasota County, FL Over the Last 10 Years
Over the last decade, Sarasota County, Florida, has experienced a notable rise in average total tax liability per tax return, peaking dramatically at $33,424.87 in 2021. Starting from $16,185.98 in 2012, the trend shows significant growth especially post-2017, reflecting possibly higher income levels, increased property values, or economic shifts in the area. This upward trajectory suggests a thriving economic environment, making it an attractive prospect for investors, homebuyers, and developers looking to capitalize on an increasingly affluent market.
Cost of Living in Sarasota County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,224 | $1,773 | $1,859 | $1,764 | $1,531 |
| 1 adult 4 children | $2,224 | $1,448 | $1,421 | $1,764 | $1,676 |
| 2 adults 3 children | $2,224 | $1,449 | $1,613 | $1,764 | $1,286 |
| 1 adult 3 children | $2,224 | $1,183 | $1,175 | $1,764 | $1,440 |
| 2 adults 2 children | $1,678 | $1,186 | $1,367 | $1,531 | $977 |
| 1 adult 2 children | $1,678 | $886 | $929 | $1,531 | $1,019 |
| 2 adults 1 child | $1,678 | $937 | $1,122 | $774 | $853 |
| 1 adult 1 child | $1,678 | $605 | $684 | $774 | $762 |
| 2 adults | $1,345 | $753 | $876 | $0 | $676 |
| 1 adult | $1,122 | $411 | $438 | $0 | $542 |
Safety trends & Data
Sarasota County, Florida, has seen a steady decline in property crimes over the past four years, particularly with larceny-theft incidents dropping from 1,144 in 2019 to 307 in 2022. Burglary and motor vehicle theft have also decreased, hinting at improvements in community safety. Although vandalism peaked in 2020, it has shown a marked reduction in subsequent years. Fraud incidents also decreased significantly, from 240 in 2019 to 77 in 2022. All these trends suggest better neighborhood... Read more
Property Crime Trends in Sarasota County, FL Over the Last 4 Years
Sarasota County, Florida, has seen a notable decline in property crimes over the last four years. Larceny-theft incidents have consistently decreased from 1,144 in 2019 to 307 in 2022. Burglary and motor vehicle theft have also shown reductions, indicating potential improvements in community safety and policing efforts. Vandalism varied, hitting a peak in 2020 at 116 incidents but showing a marked decrease in subsequent years. This trend could signal improving neighborhood security, making the area potentially more attractive for investors and new residents. Fraud saw a significant decrease from 2019's 240 incidents to just 77 in 2022, suggesting better fraud detection and prevention measures.
Demographics
Sarasota County, Florida's adult population leans slightly towards a higher female demographic, indicative of potential trends in longevity or inward migration patterns. There seems to be a robust percentage of residents aged 65 and above, underscoring Sarasota's appeal to retirees. Educational attainment appears relatively diverse, with notable segments holding bachelor's and graduate degrees, perhaps reflecting an educated populace with varied career backgrounds. Racially, the county is... Read more
Race Distribution in Sarasota County, Florida (2022)
Educational Attainment in Sarasota County, Florida (2022)
Age Distribution in Sarasota County, Florida
Citizen Population in Sarasota County, Florida (2022)
Political Trends & Data
In Sarasota County, Florida, 2020 U.S. Presidential Election results hint at a modest Republican advantage, with Republicans capturing around 54.8% of the vote compared to Democrats' 44.4%. The minor intrusions from third parties, such as Libertarians and Greens, are barely noticeable, nabbing only about 0.6% and 0.1%. This voting pattern might reveal that while the county leans Republican, a noteworthy Democratic base still exists, potentially influencing local real estate trends by attracting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sarasota County, Florida, the 2020 U.S. Presidential Election results suggests a slight Republican lean with approximately 54.8% of the vote, while Democrats garnered about 44.4%. Minor parties like the Libertarians and Greens had negligible impacts, collecting around 0.6% and 0.1% respectively. This could indicate that while Sarasota might generally favor Republican candidates, there is still a significant Democratic presence.
54.84% of voters voted for the Republican party in the 2020 Presidential Election
44.39% of voters voted for the Democrat party in the 2020 Presidential Election
0.56% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sarasota County, Florida's student-to-teacher ratio has fluctuated mostly between 12 and 14 students per teacher over the last decade, hovering close to or below the national average. Peaks at around 14 students in 2019 and 2022 hint at periods of increased demand. A relatively low student-to-teacher ratio might suggest higher quality education, potentially driving demand for homes and impacting property values. For builders and developers, these trends could assist in forecasting market needs... Read more
Student-to-teacher ratio in Sarasota County, Florida over the last 10 years
Sarasota County, Florida has seen variations in its student-to-teacher ratio over the last decade, fluctuating mostly between 12 and 14 students per teacher. While the ratio peaked at around 14 students in 2019 and saw a similar rise in 2022, it generally remains close to or below the national average of 14 students per teacher. For prospective investors, families, or real estate agents, this relatively low student-to-teacher ratio could hint at potentially higher quality education, a factor that can drive demand for housing and influence property values. If you're considering building property, understanding these trends might help in forecasting market needs and planning amenities. Insurance agents and appraisers might also find these ratios significant as they could correlate with community stability and growth potential.
