Wakulla County Real Estate and Livability Trends
Wakulla County, Florida's median home values have jumped from $122,200 in 2015 to $198,600 in 2022, positioning it attractively below state and national medians. This affordability could entice investors seeking growth in an undervalued market. The sharp rise in energy tax credits, from $354.55 in 2013 to $3,536.00 in 2021, underscores a burgeoning interest in energy-efficient homes and green... Read more
Wakulla County Market Trends
Wakulla County's median home values have climbed significantly from $122,200 in 2015 to $198,600 in 2022, yet remain attractively lower than the Florida and national medians. This relative affordability may lure residents and investors eyeing growth in an underserved market. Energy tax credits in the county surged from $354.55 in 2013 to $3,536.00 by 2021, spotlighting a rising focus on... Read more
Median Value of Occupied Housing Units in Wakulla County, Florida Over the Last 8 Years
Over the last eight years, Wakulla County's median home values have seen a significant upward trend, going from $122,200 in 2015 to $198,600 in 2022. Despite this increase, these values remain lower than both the Florida state median, which rose from $159,000 to $292,200, and the national median, which moved from $125,500 to $179,400 during the same period. This relative affordability might attract new residents or investors looking for growth potential in a less saturated market.
Residential Energy Tax Credit Per Tax Return in Wakulla County, FL Over the Last 9 Years
Residential energy tax credits in Wakulla County, Florida have seen a dramatic increase over the past nine years. Average credits per tax return jumped from $354.55 in 2013 to a notable $3,536.00 in 2021. This sharp rise indicates a growing emphasis on energy-efficient home investments, reflecting changing priorities toward sustainability and potentially offering lucrative incentives for homeowners and investors focused on green technologies.
Average Real Estate Taxes Per Tax Return in Wakulla County, FL Over the Last 10 Years
Over the last decade, Wakulla County, Florida has seen a notable increase in average real estate taxes per tax return. Starting at $2,361.54 in 2012, these taxes have risen steadily, reaching $3,628.85 by 2021. The most significant jumps occurred between 2017 and 2021, suggesting a possible surge in property values or changes in tax policies. This upward trend may imply growing demand for property in the area, potentially offering lucrative opportunities for investors and developers, though it could also affect the affordability for potential homebuyers.
Percentage of Farm Returns in Wakulla County, FL Over the Last 10 Years
Farm tax returns in Wakulla County, Florida have oscillated between 0.96% and 1.30% over the past decade, with slight peaks around 2013, 2016, and 2018. These returns indicate the proportion of tax filings that include farm-related income, reflecting the area's agricultural activity levels. Investors, prospective residents, and property developers might find these numbers useful as they suggest that farming, while not dominant, is a stable presence in the local economy, potentially affecting property values and community development.
Number of Mortgages by Occupancy Type in Wakulla County, FL Over the Last 5 Years in Wakulla County
Over the last five years in Wakulla County, Florida, the number of mortgages for principal residences has generally been far higher than those for investment properties or second residences. It is noteworthy that 2021 saw a significant spike in principal residence mortgages, with nearly 2,810 recorded, before dropping sharply in 2022 to about 2,041. Changes in the rate of mortgages for different occupancy types could indicate shifts in the area's appeal either as family-friendly or attractive for vacation spots and investment opportunities. This matters because for investors, a rise in principal residence mortgages might suggest a growing local population and stable rental markets; for appraisers and realtors, it gives a hint at market demand and potential property value trends; while insurance agents and builders might see emerging risks or needs in newly popular categories or areas.
Economic Outlook
Wakulla County, Florida, has seen a notable increase in average taxable income per tax return, climbing from around $46,796.10 in 2013 to approximately $63,431.41 in 2021. This trend suggests a robust local economy and rising property values, which may attract investors and new residents. Additionally, the average state and local income taxes have seen significant fluctuations, with a dramatic spike in 2018 reaching $10,100.00, indicating potential shifts in economic conditions or tax policies.... Read more
Average Taxable Income per Tax Return in Wakulla County, FL over the last 9 years
Wakulla County, situated in Florida, has seen a notable uptick in average taxable income per tax return over the last nine years. Starting from approximately $46,796.10 in 2013, the average income steadily grew each year, reaching around $63,431.41 in 2021. This could indicate a robust local economy and potentially increasing property values. This trend might appeal to investors and those considering relocating or establishing new properties in the area, suggesting a climate favorable for economic growth.
Average State and Local Income Taxes Per Tax Return in Wakulla County, FL Over the Last 10 Years
Wakulla County has seen a significant increase in average state and local income taxes per tax return over the last decade. Between 2012 and 2017, taxes fluctuated moderately between $3,933.33 and $4,726.67, while a dramatic spike occurred in 2018 at $10,100.00. Though there was a slight reduction post-2018, subsequent years still maintained higher averages compared to earlier years, with $7,428.57 in 2019 and $7,287.50 in 2021. This suggests shifting economic conditions and potential for increased revenue collection or changes in tax policy in Wakulla County.
Average Total Tax Liability Per Tax Return in Wakulla County, FL Over the Last 10 Years
Wakulla County, Florida, has seen a steady increase in the average total tax liability per tax return over the past decade, growing from $5,589.44 in 2012 to $8,150.40 in 2021. This uptick reflects a broader trend of rising incomes and possibly increased property values in the area, making it an intriguing prospect for new investors and those considering relocation. Understanding these patterns can be crucial when planning financial strategies for investment or property development in Wakulla County.
Cost of Living in Wakulla County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,302 | $1,383 | $1,917 | $1,261 | $942 |
| 1 adult 4 children | $1,302 | $1,130 | $1,465 | $1,261 | $1,061 |
| 2 adults 3 children | $1,302 | $1,130 | $1,663 | $1,261 | $765 |
| 1 adult 3 children | $1,302 | $923 | $1,212 | $1,261 | $845 |
| 2 adults 2 children | $1,070 | $925 | $1,409 | $1,091 | $680 |
| 1 adult 2 children | $1,070 | $691 | $958 | $1,091 | $632 |
| 2 adults 1 child | $1,070 | $731 | $1,156 | $541 | $643 |
| 1 adult 1 child | $1,070 | $472 | $705 | $541 | $541 |
| 2 adults | $930 | $587 | $902 | $0 | $585 |
| 1 adult | $828 | $320 | $451 | $0 | $498 |
Safety trends & Data
Wakulla County, Florida, has experienced a notable reduction in property crime arrests over the past two years. Burglary incidents dropped from 34 in 2019 to 24 in 2020, and larceny-theft cases went down from 134 to 96. Although motor vehicle theft saw a reduction from 14 to 5, vandalism arrests rose from 10 to 18. This shift in crime statistics could catch the attention of investors, real estate agents, and insurance professionals assessing the area's risk levels and safety... Read more
Property Crime Trends in Wakulla County, FL Over the Last 2 Years
Wakulla County, Florida, has seen a noticeable downward trend in overall property crime arrests over the past two years. Specifically, incidents of burglary dropped from 34 in 2019 to 24 in 2020, and larceny-theft cases decreased significantly from 134 to 96 during the same period. However, while motor vehicle theft saw a reduction from 14 to 5, vandalism arrests increased from 10 to 18. This data could be of particular interest to potential investors, real estate agents, and insurance professionals evaluating the area’s risk levels and safety trends.
Demographics
Wakulla County, Florida appears to have a nearly balanced gender distribution with a slight predominance of males. Educational attainment seems polarized, with a significant portion holding just a high school diploma or some college education, and fewer individuals obtaining higher degrees. Age-wise, the county might be experiencing a demographic transition, with notable populations in both the younger and older age brackets. Racially, it seems predominantly White, with smaller representations... Read more
Race Distribution in Wakulla County, Florida (2022)
Educational Attainment in Wakulla County, Florida (2022)
Age Distribution in Wakulla County, Florida
Citizen Population in Wakulla County, Florida (2022)
Political Trends & Data
Wakulla County, Florida leans strongly Republican, with about 70% of votes going to the GOP in the 2020 Presidential Election. Democrats received just under 30%, and minor party and independent candidates collectively garnered less than 2%. This conservative voting pattern could influence local policies and the political climate, possibly shaping community development and real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wakulla County in Florida appears to lean strongly Republican, with nearly 70% of the vote going to the GOP in the 2020 Presidential Election. Democrats garnered just under 30%, while minor party and independent candidates collectively received less than 2% of the vote. This trend might indicate a solid conservative base, potentially influencing local policies and political climates.
69.95% of voters voted for the Republican party in the 2020 Presidential Election
29.08% of voters voted for the Democrat party in the 2020 Presidential Election
0.73% 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
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, the student-to-teacher ratio in Wakulla County, Florida, has fluctuated from around 15:1 in 2014 to approximately 16:1 by 2019, which is higher than the current U.S. national average of 14:1. For potential investors and families, this might indicate more crowded schools, possibly affecting educational quality and property values. For those considering building or investing in educational facilities, these trends could provide essential insights into local demand and future... Read more
Student-to-teacher ratio in Wakulla County, Florida over the last 10 years
Over the last decade, the student-to-teacher ratio in Wakulla County, Florida, has fluctuated, starting at around fifteen students per teacher in 2014, dropping to fourteen by 2015, and then gradually increasing to approximately sixteen by 2019. This ratio is notably higher than the current U.S. national average of 14 students per teacher. For potential investors, real estate agents, and families considering a move to Wakulla County, this trend might suggest that schools could be more crowded, potentially affecting educational quality. Higher ratios can impact property values and could also be a factor for insurance agents and appraisers to consider when assessing risks and valuations. For those looking to build or invest in educational facilities, understanding these trends in occupancy could offer crucial insights into local demand and future market needs.
