Seminole County Real Estate and Livability Trends
Seminole County, Florida's average taxable income per tax return climbed from $59,204.87 in 2013 to $86,648.21 in 2021, hinting at a robust economic environment. The median home values have more than doubled from $176,100 in 2015 to $329,300 in 2022. Interestingly, real estate taxes per return have also surged, reaching approximately $5,636.53 in 2021, indicating an appreciating real estate... Read more
Seminole County Market Trends
Seminole County's housing market has seen median home values more than double from $176,100 in 2015 to $329,300 in 2022, outpacing both Florida and national growth rates. This suggests robust home equity gains for current homeowners and bright prospects for investors. Over the past nine years, the average residential energy tax credits claimed have surged, peaking at $3,774.55 in 2018, likely... Read more
Median Value of Occupied Housing Units in Seminole County, Florida Over the Last 8 Years
Seminole County's housing market has seen a significant rise in median home values, escalating from $176,100 in 2015 to $329,300 in 2022. This local growth rate outpaces both state and national trends, with Florida's median home values growing from $159,000 to $292,200 and U.S. figures increasing from $125,500 to $179,400 during the same period. This data could signal a robust local market for potential investors and indicates stronger home equity growth for current homeowners compared to broader regions.
Residential Energy Tax Credit Per Tax Return in Seminole County, FL Over the Last 9 Years
Over the past nine years, Seminole County, Florida has seen a substantial increase in residential energy tax credits claimed per tax return. Starting at an average of $452.99 in 2013, the credits surged dramatically by 2018, peaking at $3,774.55. Although there was a slight dip from 2018's high, the average credits remained robust, hovering between $2,279.75 and $2,778.51 in recent years. This trend indicates a growing investment in energy-efficient home improvements, presenting opportunities for real estate investors and homeowners interested in sustainable living to capitalize on potential savings and enhanced property values.
Average Real Estate Taxes Per Tax Return in Seminole County, FL Over the Last 10 Years
Over the past decade, Seminole County, Florida has seen a significant rise in average real estate taxes per tax return, climbing from around $3,103.29 in 2012 to about $5,636.53 in 2021. This upward trend, particularly the spike between 2016 and 2018, suggests that the area has become more attractive to homeowners, potentially indicating an appreciating real estate market. For investors, this could imply growing property values and possibly higher rental yields, while prospective residents might see this as a sign of improving local amenities and infrastructure. Existing homeowners would find their property values appreciating, but they should also anticipate higher annual tax obligations.
Percentage of Farm Returns in Seminole County, FL Over the Last 10 Years
Over the past decade, Seminole County, Florida has experienced a slight but consistent decline in the percentage of farm tax returns, dropping from 0.18% in 2012 to approximately 0.13% by 2021. Farm tax returns often provide insights into the agricultural activity within a region; their decline may suggest a shift away from farming as a primary economic activity. This trend might interest potential investors, developers, or residents who are curious about the evolving economic landscape and land use trends in Seminole County.
Number of Mortgages by Occupancy Type in Seminole County, FL Over the Last 5 Years in Seminole County
The data shows fluctuations in mortgage counts in Seminole County, Florida, with investment properties generally trailing behind principal residences and second residences in numbers. Notably, principal residences have consistently represented the majority of mortgaging activity, peaking at just under 40,000 in 2021. Investment properties saw a marked decline in 2022, correlating with shifting economic conditions which might suggest reduced investor confidence or shifting priorities. For potential investors, this shift in mortgage counts could reflect fewer competitive pressures and potentially more opportunities. On the other hand, builders and real estate agents might view the sustained high demand for principal residences as indicative of a robust market for family-oriented housing. Understanding these trends is valuable for appraisers and insurance agents when assessing property values and risk, respectively, as the dominant occupancy type can influence localized market conditions and insurance premiums. Such insights help tailor strategies aligned with residential demand dynamics.
Economic Outlook
Seminole County, Florida's average taxable income per tax return has climbed steadily from $59,204.87 in 2013 to $86,648.21 in 2021, hinting at a robust economic environment and rising prosperity. Concurrently, state and local income taxes have also risen, from $7,157.41 in 2012 to $16,328.35 in 2021, reflecting possible economic growth but also a heavier tax burden. The total tax liability has mirrored these increases, peaking at $15,392.70 in 2021, reinforcing the narrative of a more... Read more
Average Taxable Income per Tax Return in Seminole County, FL over the last 9 years
Over the last nine years, Seminole County, FL has seen a significant rise in average taxable income per tax return, increasing from $59,204.87 in 2013 to $86,648.21 in 2021. This steady upward trend reflects a robust economic environment and suggests growing prosperity in the area. For investors, builders, and prospective residents, this uptick indicates a potentially lucrative market with a financially stable population, making it an attractive area for real estate and business investments.
Average State and Local Income Taxes Per Tax Return in Seminole County, FL Over the Last 10 Years
Seminole County, Florida has seen a significant upward trend in average state and local income taxes per tax return over the last decade, with values escalating from $7,157.41 in 2012 to $16,328.35 by 2021. This substantial increase could indicate robust economic growth and rising incomes but also suggests a growing tax burden on residents. Such a pattern is essential for potential investors, as higher taxes may reflect improved services and infrastructure, yet can also affect disposable income and purchasing power for those considering a move or property investment in the area.
Average Total Tax Liability Per Tax Return in Seminole County, FL Over the Last 10 Years
Over the past decade, Seminole County, Florida has seen a consistent increase in average total tax liability per tax return, peaking notably in 2021 at $15,392.70. This upward trajectory, with a sharp rise in 2017, suggests a growing economic vigor and higher incomes in the area. For investors and prospective residents, these trends indicate a prosperous community with potential for property value appreciation and business opportunities.
Cost of Living in Seminole County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,123 | $1,665 | $1,930 | $1,740 | $1,465 |
| 1 adult 4 children | $2,123 | $1,360 | $1,476 | $1,740 | $1,610 |
| 2 adults 3 children | $2,123 | $1,360 | $1,675 | $1,740 | $1,226 |
| 1 adult 3 children | $2,123 | $1,110 | $1,220 | $1,740 | $1,381 |
| 2 adults 2 children | $1,662 | $1,113 | $1,419 | $1,518 | $968 |
| 1 adult 2 children | $1,662 | $832 | $965 | $1,518 | $1,013 |
| 2 adults 1 child | $1,662 | $880 | $1,164 | $797 | $857 |
| 1 adult 1 child | $1,662 | $568 | $710 | $797 | $773 |
| 2 adults | $1,463 | $707 | $908 | $0 | $715 |
| 1 adult | $1,376 | $386 | $454 | $0 | $632 |
Safety trends & Data
Seminole County, Florida, has seen a significant drop in property crimes over the past two years, with burglary incidents falling from 197 in 2019 to 105 in 2020 and larceny-theft counts decreasing from 1,431 to 810 in the same period. This trend might appeal to investors and homeowners due to the lowered risks associated with property crimes. The reduction in arson cases and fraud instances also suggests an overall enhancement in community safety and... Read more
Property Crime Trends in Seminole County, FL Over the Last 2 Years
Over the past two years, Seminole County, Florida has seen a noticeable decrease in various property crimes. For instance, burglary incidents declined from 197 in 2019 to 105 in 2020. Larceny-theft counts also dropped from 1,431 in 2019 to 810 in 2020. These trends could be attractive to potential investors, homeowners, and real estate professionals considering the lowered risks associated with property crimes. Reduced arson cases and fraud instances further highlight a potential improvement in the overall safety and stability of the community.
Demographics
Seminole County, Florida, exhibits a slightly higher female population compared to males, with around 12,880 more females. In terms of educational attainment, a noticeable proportion of the population has a bachelor's or graduate degree, indicating a relatively educated populace. The age distribution suggests a balanced spread across various age groups, but there may be a slight prominence of adults aged 25-34 years. Racially, the county is predominantly White, though it also showcases... Read more
Race Distribution in Seminole County, Florida (2022)
Educational Attainment in Seminole County, Florida (2022)
Age Distribution in Seminole County, Florida
Citizen Population in Seminole County, Florida (2022)
Political Trends & Data
In Seminole County, Florida, the real estate market may be subtly influenced by a competitive political environment, as the 2020 U.S. Presidential Election revealed a near-even split with Democrats receiving around 50.8% of the votes and Republicans getting 48%. This balance could impact community investments, school funding, and local policies, making it a dynamic area for prospective buyers who pay close attention to political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Seminole County in Florida shows a slight lean towards the Democratic party, with approximately 50.8% of the vote compared to 48% for the Republicans in the 2020 U.S. Presidential Election. Minor parties like the Libertarians and Greens garnered much smaller shares, around 0.8% and 0.2% respectively. This distribution suggests a relatively competitive political landscape, with potential implications for future elections.
48.02% of voters voted for the Republican party in the 2020 Presidential Election
50.81% of voters voted for the Democrat party in the 2020 Presidential Election
0.85% 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
The student-to-teacher ratio in Seminole County, Florida has spiked notably since 2019, climbing from just above the national average of 14 students per teacher to over 18. This trend may signal shifts in local educational resources and class sizes, potentially affecting property demand in areas seen as under-resourced. For real estate stakeholders, monitoring these fluctuations could offer insights into school funding and education quality, which may influence market... Read more
Student-to-teacher ratio in Seminole County, Florida over the last 10 years
The student-to-teacher ratio in Seminole County, Florida has shown interesting fluctuations over the past decade, with a noticeable increase since 2019. From 2014 to 2018, the ratios stayed relatively close to the national average of 14 students per teacher, hovering around 14.5. However, starting in 2019, there was a significant rise, peaking at over 18 in recent years. For potential investors, real estate agents, or families considering a move, these changing ratios might suggest shifts in local educational resources and class sizes, implying possible impacts on school funding and education quality. Builders and appraisers might also find these trends relevant as they could influence property demand in areas perceived as having under-resourced schools. Insurance agents could consider these factors when assessing community risks and amenities.
