Volusia County Real Estate and Livability Trends
Volusia County, Florida, has seen notable economic and real estate trends. Average taxable income per tax return rose from $46,331 in 2013 to $71,859 in 2021, accompanied by increased state and local income taxes and a drop in the poverty rate from 16.1% in 2013 to 10.7% in 2022. Median home values nearly doubled from $131,600 in 2015 to $251,400 by 2022, with real estate taxes also climbing,... Read more
Volusia County Market Trends
Volusia County, Florida has experienced significant growth in median home values, climbing from $131,600 in 2015 to $251,400 in 2022, outpacing both state and national trends. Residential energy tax credits have surged, reflecting a rise in sustainable living practices and potentially attractive long-term savings for homeowners. Real estate taxes have also seen a steady climb, from $3,421.61 in... Read more
Median Value of Occupied Housing Units in Volusia County, Florida Over the Last 8 Years
Volusia County, Florida has seen significant increases in median home values over the past eight years, with prices jumping from $131,600 in 2015 to $251,400 in 2022. These increases outpace both state and national trends, where median home values rose from $159,000 to $292,200 in Florida and from $125,500 to $179,400 across the United States during the same period. For those looking to invest, move, or build property in Volusia County, this trend suggests a strong and potentially lucrative housing market.
Residential Energy Tax Credit Per Tax Return in Volusia County, FL Over the Last 9 Years
Over the past nine years, Volusia County, Florida has seen a remarkable increase in residential energy tax credits, leaping from $442.60 in 2013 to $2,402.18 in 2021 per tax return. The peak likely reflects increased adoption of energy-efficient upgrades such as solar panels and improved home insulation. This trend highlights both the growing awareness of sustainable living and an attractive opportunity for investors and potential residents interested in long-term savings and environmentally friendly initiatives.
Average Real Estate Taxes Per Tax Return in Volusia County, FL Over the Last 10 Years
Over the past decade, Volusia County, Florida has seen a consistent rise in average real estate taxes per tax return. In 2012, homeowners paid an average of $3,421.61, increasing to roughly $6,019.47 by 2021. This trend, marked by a notable spike in 2018, may make potential investors and property developers cautious but also reflects an increasing valuation in real estate, suggesting potential for long-term appreciation. For those considering a move, the growing tax rates may indicate improved local infrastructure and services, but it's wise to account for these costs in your budget.
Percentage of Farm Returns in Volusia County, FL Over the Last 10 Years
In Volusia County, Florida, farm tax returns have shown some interesting fluctuations over the past decade. The percentage of farm returns was roughly 0.40% in 2012 and remained consistent around this mark until a decline began in 2016, reaching about 0.29% by 2021. Farm tax returns are financial reports submitted by agricultural businesses to indicate income, expenses, and taxes due, reflecting the economic health and scale of farming activities in the county. This steady decline might suggest a decrease in the number of active farming operations or profitability, which could influence decisions around agricultural investments, property development, or real estate market trends in the region.
Number of Mortgages by Occupancy Type in Volusia County, FL Over the Last 5 Years in Volusia County
Volusia County, Florida, has shown fluctuating trends in the number of mortgages for different occupancy types over the last five years. Principal residences consistently top the charts, with a notable peak in 2021 at around 51,293 mortgages, but dropped to about 35,455 in 2022. Investment property and second residence mortgages have remained relatively stable but lower in numbers. The shifts in mortgage distribution hint at changing demand and socio-economic factors, impacting real estate values and potential returns. For those involved in investment, appraisals, or insurance, understanding these trends could be pivotal for making informed decisions regarding property in Volusia County.
Economic Outlook
Volusia County, Florida has seen a notable rise in average taxable income per tax return, growing from $46,331 in 2013 to $71,859 in 2021, highlighting economic growth and increasing financial health among residents. This trend aligns with the significant increase in state and local income taxes, which more than doubled from $8,297.23 in 2012 to $15,781.00 in 2021, indicating higher tax revenues for potential county improvements. Additionally, the average total tax liability per tax return rose... Read more
Average Taxable Income per Tax Return in Volusia County, FL over the last 9 years
Volusia County, FL has seen a consistent rise in average taxable income per tax return over the past nine years, jumping from $46,331 in 2013 to $71,859 in 2021. Notably, the most significant increase occurred between 2020 and 2021, emphasizing a remarkable upward trend. This growth in taxable income highlights the county's potential for economic development and suggests a robust and increasing financial health of its residents, making it a promising locale for investment, real estate development, and relocation.
Average State and Local Income Taxes Per Tax Return in Volusia County, FL Over the Last 10 Years
Over the past decade, Volusia County, Florida has seen a significant upward trend in the average state and local income taxes per tax return. Starting at $8,297.23 in 2012, the amount saw a notable increase by 2021, reaching $15,781.00. The most dramatic rise occurred between 2017 and 2018, where the value jumped from $9,651.65 to $13,389.78, and continued to grow substantially afterward. For investors, builders, and residents, this can signal both increasing tax revenue for county improvements and potentially higher tax liabilities to consider in financial planning.
Average Total Tax Liability Per Tax Return in Volusia County, FL Over the Last 10 Years
Over the past decade, Volusia County, Florida has experienced a significant rise in average total tax liability per tax return, surging from $7,874.09 in 2012 to $12,071.22 in 2021. This upward trend indicates escalating economic activity and potentially higher incomes in the area, making it an attractive prospect for investors and property developers. However, for residents and those considering moving to Volusia County, it's crucial to weigh these growing tax liabilities as part of their financial planning.
Cost of Living in Volusia County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,716 | $1,580 | $1,886 | $1,243 | $1,061 |
| 1 adult 4 children | $1,716 | $1,291 | $1,442 | $1,243 | $1,190 |
| 2 adults 3 children | $1,716 | $1,291 | $1,636 | $1,243 | $869 |
| 1 adult 3 children | $1,716 | $1,054 | $1,192 | $1,243 | $966 |
| 2 adults 2 children | $1,302 | $1,057 | $1,387 | $1,096 | $710 |
| 1 adult 2 children | $1,302 | $789 | $943 | $1,096 | $662 |
| 2 adults 1 child | $1,302 | $835 | $1,138 | $616 | $685 |
| 1 adult 1 child | $1,302 | $540 | $693 | $616 | $577 |
| 2 adults | $1,063 | $671 | $888 | $0 | $586 |
| 1 adult | $871 | $366 | $444 | $0 | $474 |
Safety trends & Data
Volusia County, Florida has experienced a notable decline in property crime rates over the past two years, with burglaries dropping from 669 to 596, and larceny-theft incidents falling from 1,937 to 1,415. Motor vehicle thefts also decreased, while arson incidents significantly fell from 7 to 3. These trends may suggest a cautiously optimistic environment for those considering investments, moving, or developing property in the... Read more
Property Crime Trends in Volusia County, FL Over the Last 2 Years
Volusia County, Florida has seen a notable decline in property crime rates over the past two years. The number of burglaries dropped from 669 in 2019 to 596 in 2020, and larceny-theft incidents fell from 1,937 to 1,415. Motor vehicle thefts also decreased, from 242 to 209. However, arson incidents significantly dropped from 7 to 3, while other crimes like vandalism and fraud remained relatively stable. These trends might suggest a cautiously optimistic environment for those considering investments, moving, or developing property in the area.
Demographics
Volusia County, Florida, shows an adult population that is fairly balanced between males and females. Educational attainment levels reveal a strong presence of high school graduates, but fewer adults have advanced degrees compared to those with some college education or an associate degree. The age distribution indicates a significant proportion of the population over 55, suggesting a substantial retiree demographic. Racially, the county is predominantly White, with Black or African American as... Read more
Race Distribution in Volusia County, Florida (2022)
Educational Attainment in Volusia County, Florida (2022)
Age Distribution in Volusia County, Florida
Citizen Population in Volusia County, Florida (2022)
Political Trends & Data
In Volusia County, Florida, the 2020 Presidential Election results could indicate a strong Republican preference with the party possibly securing 56.5% of the vote, compared to the Democratic Party's approximate 42.5% share. Third-party votes might have been negligible, collectively surpassing just 1%. This implies a dominant two-party system, mirroring national trends but with local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Volusia County, Florida, the Republican Party may have held a solid lead in the 2020 Presidential Election with approximately 56.5% of the vote, while the Democratic Party possibly garnered around 42.5%. Third parties like the Libertarian and Green parties, along with other minor parties, seemingly played a minimal role, collectively attracting just over 1% of the vote. This trend might underscore a predominantly two-party preference within the county, reflecting broader national patterns with slight variances.
56.54% of voters voted for the Republican party in the 2020 Presidential Election
42.47% of voters voted for the Democrat party in the 2020 Presidential Election
0.70% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% 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 Volusia County, Florida has seen a recent increase, peaking at 16 students per teacher in 2023. This trend positions Volusia County above the national average of 14 students per teacher, potentially impacting the perceived quality of education. Real estate investors and families considering relocation might view these shifts as significant, influencing property value assessments and long-term planning decisions in the... Read more
Student-to-teacher ratio in Volusia County, Florida over the last 10 years
The student-to-teacher ratio in Volusia County, Florida has fluctuated over the past decade, showing a general trend towards larger class sizes recently, with the ratio peaking at 16 students per teacher in 2023. This shift is relevant for potential investors, families considering relocation, and real estate agents, as it can impact the perceived quality of education in the area. For insurance agents and appraisers, understanding these dynamics might help assess the broader implications on property values. Compared to the national average of 14 students per teacher, Volusia County has varied but is currently above average, which might influence decisions related to school district evaluations and long-term planning.
