Suwannee County Real Estate and Livability Trends
Suwannee County, Florida has experienced a notable rise in average taxable income per tax return, surging from $37,166.08 in 2013 to $53,161.94 in 2021, underscoring economic growth. Median home values have climbed too, from $92,600 in 2015 to $136,500 in 2022, highlighting opportunities for relatively affordable investments. Real estate taxes and mortgages for principal residences have also... Read more
Suwannee County Market Trends
Suwannee County, Florida's median home value has risen steadily from $92,600 in 2015 to $136,500 in 2022, although it still lags behind the state and national medians. This disparity suggests potential opportunities for affordable investment. Residential energy tax credits have fluctuated but show an overall increase, indicating growing interest in energy-efficient home improvements—valuable... Read more
Median Value of Occupied Housing Units in Suwannee County, Florida Over the Last 8 Years
Suwannee County, Florida's median home values have seen a steady increase over the past eight years, climbing from $92,600 in 2015 to $136,500 in 2022. While this uptick is impressive, it's interesting to note the disparity when compared to state and national trends. For example, Florida's median home value in 2022 was $292,200, significantly higher than Suwannee County's. Nationally, the median value hit $179,400 in the same year. This gap may suggest that Suwannee County could be an attractive option for those looking to invest in real estate or seeking more affordable housing while still experiencing a general upward trend in property values.
Residential Energy Tax Credit Per Tax Return in Suwannee County, FL Over the Last 9 Years
Suwannee County, Florida has seen significant fluctuations in residential energy tax credits per tax return over the last nine years, with a notable peak of $1,600 in 2018 and a low of $333.33 in 2014. Recent years show higher averages, suggesting increased investment in energy-efficient home improvements. This data may appeal to potential homeowners and investors focusing on energy-conscious upgrades.
Average Real Estate Taxes Per Tax Return in Suwannee County, FL Over the Last 10 Years
Suwannee County, Florida has experienced a steady increase in average real estate taxes per tax return over the past decade, starting from approximately $2,111.11 in 2012 and reaching about $3,688.57 in 2021. This trend suggests that property investors and prospective homeowners should expect to face potentially higher real estate tax burdens over time. The noticeable jump between 2017 and 2019 highlights a period of significant tax increase, which could be indicative of higher property values or changes in local tax policy. For those interested in the real estate market here, keeping an eye on these tax trends could be crucial for financial planning and investment strategies.
Percentage of Farm Returns in Suwannee County, FL Over the Last 10 Years
Over the last ten years, the percentage of farm tax returns in Suwannee County, Florida, hovered around 5.91% to 6.00% until 2016, after which it began a slight decline, reaching a low of about 4.77% in 2020. Farm tax returns, filed by farmers to report income and claim deductions related to agricultural activities, are an important indicator for those looking to invest or build property in the area. A steadiness in these returns might hint at economic stability or the number of operating farms, whereas any dip might suggest economic shifts or changes in the agricultural sector.
Number of Mortgages by Occupancy Type in Suwannee County, FL Over the Last 5 Years in Suwannee County
Suwannee County, Florida has seen a notable rise in the number of mortgages for principal residences over the past five years, increasing from 1,343 in 2018 to 2,123 in 2021. Investment properties exhibit a slower growth but have been stable, with minor increases from 28 to 41 over the same period. Second residences saw a more modest increase, emphasizing consistent, albeit low, interest. Changes in occupancy type can significantly impact local real estate dynamics, offering insights for investors and builders. Higher principal residential mortgages indicate a potential surge in permanent residents, which appraisers and insurance agents might interpret as a positive indicator for property valuation and risk assessment. Real estate agents can leverage these trends to adjust strategies accordingly, catering to an increasing number of long-term homebuyers in the region.
Economic Outlook
Suwannee County, Florida has seen a notable rise in average taxable income per tax return, jumping from $37,166.08 in 2013 to $53,161.94 in 2021, with a particularly sharp increase of nearly $9,000 between 2020 and 2021. State and local income taxes have fluctuated significantly, peaking at $6,300.00 in 2018 and $5,675.00 in 2020, compared to a low of $3,333.33 in 2014. The average total tax liability per tax return has also risen from $5,433.89 in 2012 to $8,057.04 in 2021. These trends... Read more
Average Taxable Income per Tax Return in Suwannee County, FL over the last 9 years
Over the last nine years, Suwannee County, FL has seen a significant rise in the average taxable income per tax return, growing from $37,166.08 in 2013 to $53,161.94 in 2021. This steady increase highlights the county's economic growth and its potential for investment opportunities. Notably, the jump between 2020 and 2021, where the average taxable income shot up by almost $9,000, underscores a particularly prosperous period, likely influenced by post-pandemic economic adjustments. This trend signifies robust financial health, making Suwannee County an attractive spot for new residents and investors alike.
Average State and Local Income Taxes Per Tax Return in Suwannee County, FL Over the Last 10 Years
Suwannee County, Florida has seen significant fluctuation in average state and local income taxes per tax return over the past decade. Notable spikes occurred in 2018 and 2020, with averages reaching $6,300.00 and $5,675.00 respectively, compared to a low of $3,333.33 in 2014. These fluctuations could indicate varying financial policies and economic conditions, making it essential for investors and residents to stay informed about potential impacts on their finances.
Average Total Tax Liability Per Tax Return in Suwannee County, FL Over the Last 10 Years
Over the past decade, Suwannee County, Florida has experienced a noticeable increase in the average total tax liability per tax return. Starting at approximately $5,433.89 in 2012, the amount grew steadily, reaching a peak of $8,057.04 in 2021. This upward trajectory reflects economic changes and possibly rising incomes in the area, providing valuable insight for potential investors and residents about the evolving financial landscape in Suwannee County.
Cost of Living in Suwannee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,028 | $1,436 | $2,147 | $1,216 | $877 |
| 1 adult 4 children | $1,028 | $1,172 | $1,645 | $1,216 | $929 |
| 2 adults 3 children | $1,028 | $1,173 | $1,862 | $1,216 | $673 |
| 1 adult 3 children | $1,028 | $958 | $1,359 | $1,216 | $703 |
| 2 adults 2 children | $843 | $960 | $1,576 | $1,070 | $617 |
| 1 adult 2 children | $843 | $717 | $1,074 | $1,070 | $553 |
| 2 adults 1 child | $843 | $759 | $1,291 | $594 | $604 |
| 1 adult 1 child | $843 | $490 | $788 | $594 | $492 |
| 2 adults | $724 | $610 | $1,005 | $0 | $537 |
| 1 adult | $720 | $332 | $502 | $0 | $473 |
Safety trends & Data
In Suwannee County, Florida, property crime trends over the past two years could potentially influence real estate investments and property valuations. Burglary incidents dropped from 65 to 47, and larceny-theft decreased from 130 to 107, suggesting a safer environment. However, an increase in vandalism, from 4 to 8 instances, may require attention. Fraud cases saw a significant reduction from 22 to 11, potentially impacting insurance considerations. These crime trends might help shape... Read more
Property Crime Trends in Suwannee County, FL Over the Last 2 Years
Property crime in Suwannee County, Florida, has shown some changes over the past two years. Notably, burglary incidents decreased from 65 to 47, while larceny-theft dropped from 130 to 107. Motor vehicle thefts remained fairly consistent, moving from 16 to 18. Vandalism saw a slight uptick from 4 to 8 instances. Fraud cases experienced a notable reduction from 22 to 11 during the same period. These shifts may inform investment decisions, insurance considerations, and property valuations for individuals and professionals with an interest in the Suwannee County real estate market.
Demographics
Suwannee County, Florida's adult population skews slightly male, which could have implications for community services and local policies. Education levels show that the majority of residents have at least a high school diploma, which might suggest moderate access to educational resources but still room for improvement in higher education attainment. Age distribution data indicate a significant portion of the population is over 55, hinting at a potentially higher demand for healthcare and senior... Read more
Race Distribution in Suwannee County, Florida (2022)
Educational Attainment in Suwannee County, Florida (2022)
Age Distribution in Suwannee County, Florida
Citizen Population in Suwannee County, Florida (2022)
Political Trends & Data
Suwannee County, Florida's conservative voter base is potentially emphasized by the 2020 U.S. Presidential Election results, where around 78% of votes went to the GOP. Democratic support appeared much lower at approximately 21%, while third-party candidates collectively garnered less than 1%. This may influence local policies and political discourse, reflecting the area's predominant political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Suwannee County, Florida, the 2020 U.S. Presidential Election results might suggest a strong Republican preference, with approximately 78% of votes going to the GOP. Meanwhile, Democratic support seems significantly lower, around 21%, and third-party candidates, including Libertarian and Green, garnered minimal traction, collectively under 1%. These figures could point towards a predominantly conservative voter base, which might shape local policies and political discourse.
77.93% of voters voted for the Republican party in the 2020 Presidential Election
21.30% of voters voted for the Democrat party in the 2020 Presidential Election
0.57% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
Suwannee County, Florida's student-to-teacher ratio has seen notable fluctuations, moving from around thirteen in 2014 to almost seventeen in 2023. The sharp increase from about 14 in 2018 to over 16 in 2019 stands out, especially compared to the national average of approximately fourteen students per teacher. These shifts may signal changes in educational infrastructure or funding, potentially impacting property valuations and the area's attractiveness to new residents or... Read more
Student-to-teacher ratio in Suwannee County, Florida over the last 10 years
Suwannee County, Florida's student-to-teacher ratio has shown significant fluctuations over the last decade, starting at around thirteen in 2014 and reaching almost seventeen in 2023. Particularly notable was the jump from about 14 in 2018 to over 16 in 2019. This trend is especially relevant when compared to the current national average of approximately fourteen students per teacher. These shifts could indicate potential changes in the county's educational infrastructure or funding allocations, impacting decisions for prospective investors, real estate agents, or families considering the area. Moreover, such changes might influence property valuations, local insurance rates, and even the attractiveness of the area for new residents or businesses.
