Walton County Real Estate and Livability Trends
Walton County, Florida, has experienced a notable surge in median home values, hitting $327,000 in 2022, far above the state and national averages. Real estate taxes have nearly doubled over the past decade, reaching around $9,319.83 in 2021, suggesting rising property values but also increased holding costs. Meanwhile, significant shifts in the types of properties being financed and fluctuations... Read more
Walton County Market Trends
Walton County, Florida, has seen a notable rise in median home values, reaching $327,000 in 2022, outpacing both state and national averages at $292,200 and $179,400, respectively. Energy-efficient home improvements have spiked, with residential energy tax credits per return surging to $2,816.67 in 2018, reflecting a strong local focus on sustainability. Real estate taxes have almost doubled over... Read more
Median Value of Occupied Housing Units in Walton County, Florida Over the Last 8 Years
Over the past eight years, Walton County, Florida has generally experienced a steady increase in median home values, culminating in a significant jump to $327,000 in 2022. Comparing this to the state level, Florida's overall growth pattern shows a rise to $292,200 in the same year. On the national front, home values reached $179,400 in 2022, indicating that Walton County's market may be considerably more robust. This trend could be especially compelling for prospective investors or homebuyers looking for higher appreciation rates in property value within the county.
Residential Energy Tax Credit Per Tax Return in Walton County, FL Over the Last 9 Years
Investment in residential energy upgrades in Walton County, Florida, has seen notable fluctuations over the past nine years, with a significant spike in average tax credits per return. Starting modestly at $356.82 in 2013, the credits surged to $2,816.67 in 2018 and have maintained a high level since. This indicates substantial local investment in energy-efficient home improvements, suggesting a growing emphasis on sustainability and potential cost savings for homeowners. For those considering moving, building, or investing in Walton County, the data highlights a community trend towards energy efficiency that might offer additional financial incentives and long-term benefits.
Average Real Estate Taxes Per Tax Return in Walton County, FL Over the Last 10 Years
Walton County, Florida, has experienced a significant uptick in real estate taxes per tax return over the last decade, with figures climbing from approximately $3,853.32 in 2012 to nearly $9,319.83 in 2021. This steady rise might indicate growing property values, attracting both investors and individuals looking to capitalize on potential appreciation. However, it also means higher holding costs for property owners, a factor that those interested in the local real estate market may need to consider.
Percentage of Farm Returns in Walton County, FL Over the Last 10 Years
In Walton County, Florida, the percentage of farm tax returns fluctuated over the last decade, starting at 1.92% in 2012 and gradually decreasing to approximately 1.42% by 2021. The highest point within this period was nearly 1.93% in 2014, with the lowest at around 1.42% in 2021. Farm tax returns represent the proportion of income tax filings classified under agricultural activities, offering insights into the region's farming profitability and land use trends. This trend could be useful for those considering investing in agriculture, building property, or moving to the area as it reflects potential shifts in economic priorities and land utilization.
Number of Mortgages by Occupancy Type in Walton County, FL Over the Last 5 Years in Walton County
Over the past five years in Walton County, Florida, the number of mortgages for principal residences has generally been higher compared to second residences and investment properties. For instance, principal residence mortgages peaked at 8,849 in 2021 but saw a notable decline to 6,944 in 2022. Mortgages for investment properties and second residences experienced similar trends, with some fluctuations but lower overall counts. Shifts in the occupancy type of mortgages can significantly impact the local housing market. Higher numbers of principal residence mortgages may suggest strong local demand, affecting property values and community stability. Conversely, increases in investment and second residence mortgages might hint at rising property prices and market speculation, attracting different kinds of buyers and potentially influencing rental market dynamics. Understanding these patterns can be vital for investors, real estate agents, and policymakers when making informed decisions about property development, pricing, and community planning.
Economic Outlook
Walton County, Florida has seen a substantial increase in average taxable income per tax return, from around $68,150.32 in 2013 to approximately $190,432.21 in 2021. Simultaneously, average state and local income taxes per tax return have surged from $16,782.83 in 2012 to $40,549.55 in 2021, which might reflect rising incomes or tax policy changes. Total tax liability per tax return has also climbed significantly, nearly tripling from $17,669.55 in 2012 to $45,898.41 in 2021, suggesting growing... Read more
Average Taxable Income per Tax Return in Walton County, FL over the last 9 years
Walton County, Florida has seen a notable increase in average taxable income per tax return over the past nine years. In 2013, the average taxable income was around $68,150.32, but by 2021, it had surged to approximately $190,432.21. This rising trend suggests that economic conditions are generally improving, making the area potentially more attractive for investment and property development. For those considering relocation, this might indicate a growing and prosperous community.
Average State and Local Income Taxes Per Tax Return in Walton County, FL Over the Last 10 Years
Over the past decade, Walton County, Florida has experienced a dramatic rise in average state and local income taxes per tax return, escalating from $16,782.83 in 2012 to $40,549.55 in 2021. This significant increase highlights the growing fiscal contributions required from residents, reflecting either an upward trend in incomes or a change in tax policies. Investors and potential property buyers should note this trend as it can influence the overall cost of living and financial planning within the county.
Average Total Tax Liability Per Tax Return in Walton County, FL Over the Last 10 Years
Walton County, Florida has seen a significant increase in average total tax liability per tax return over the past decade, nearly tripling from $17,669.55 in 2012 to $45,898.41 in 2021. This rise indicates a growing affluence in the area, making it a hot spot for potential investors. The upward trend, particularly sharp from 2019 to 2021, might signal a booming local economy and increased property values, appealing to both developers and homebuyers looking for a promising return on investments.
Cost of Living in Walton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,490 | $1,761 | $2,008 | $1,352 | $1,187 |
| 1 adult 4 children | $1,490 | $1,438 | $1,536 | $1,352 | $1,310 |
| 2 adults 3 children | $1,490 | $1,439 | $1,742 | $1,352 | $961 |
| 1 adult 3 children | $1,490 | $1,175 | $1,270 | $1,352 | $1,064 |
| 2 adults 2 children | $1,138 | $1,178 | $1,476 | $1,172 | $776 |
| 1 adult 2 children | $1,138 | $880 | $1,004 | $1,172 | $755 |
| 2 adults 1 child | $1,138 | $931 | $1,210 | $586 | $728 |
| 1 adult 1 child | $1,138 | $601 | $738 | $586 | $589 |
| 2 adults | $1,008 | $748 | $944 | $0 | $637 |
| 1 adult | $889 | $408 | $472 | $0 | $523 |
Safety trends & Data
Walton County, Florida has seen significant fluctuations in property crime over the past three years. Notably, burglaries spiked to 71 in 2020 but plummeted to 11 by 2022, while larceny dropped sharply from 173 in 2019 to 47 in 2022. Other property crimes like fraud and vandalism have also declined. These trends may suggest an improving safety profile, which could be appealing to investors and those looking to relocate. However, appraisers and insurance agents might still factor in the higher... Read more
Property Crime Trends in Walton County, FL Over the Last 3 Years
Walton County, Florida has experienced notable fluctuations in property crime over the past three years. Generally, there was a significant spike in burglaries in 2020, reaching 71, compared to 47 in 2019 and plummeting to just 11 in 2022. Larceny saw a less dramatic, but still noteworthy, drop from 173 in 2019 to 47 in 2022. Other property crimes like fraud and vandalism have also declined, suggesting a broader trend towards reduced property crime rates. For investors, real estate agents, and those looking to relocate, these trends may indicate an improving safety profile in Walton County. However, appraisers and insurance agents might want to consider the higher crime rates from earlier years when assessing property values and risks.
Demographics
Walton County, Florida presents a relatively balanced gender split among adults with a slight male predominance. Educational attainment shows the majority have at least a high school diploma, while around a fifth have a bachelor's degree. The age distribution skews slightly older, with notable populations in the 35-64 year range. Racial demographics indicate a predominantly White population, with smaller percentages of Black or African American, Asian, and other races. These trends could... Read more
Race Distribution in Walton County, Florida (2022)
Educational Attainment in Walton County, Florida (2022)
Age Distribution in Walton County, Florida
Citizen Population in Walton County, Florida (2022)
Political Trends & Data
In Walton County, Florida, the 2020 U.S. Presidential Election showed a significant lean towards the Republican party, potentially receiving around 75% of the votes, while Democrats may have garnered about 24%. With minor parties contributing just over 1%, this likely indicates a robust conservative base, suggesting minimal political diversity and potentially impacting local policies and community planning in a way that favors Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Walton County, Florida, the 2020 U.S. Presidential Election showed a significant lean towards the Republican party, which might have received about 75% of the votes. Democrats trailed considerably, potentially securing around 24%. Libertarians and other minor parties seemed to have little influence, combined gaining slightly over 1% of the vote. This pattern could indicate a strong conservative base in the county, leaving other parties with limited traction.
75.37% of voters voted for the Republican party in the 2020 Presidential Election
23.65% of voters voted for the Democrat party in the 2020 Presidential Election
0.77% 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
Walton County, Florida has seen its student-to-teacher ratio increase from just over 13 to over 21 in the past decade, far exceeding the national average of 14. This could impact educational quality and classroom management, influencing decisions by investors, developers, and real estate agents regarding housing developments and school system evaluations. For current and prospective residents, it's a crucial factor for long-term family planning and community... Read more
Student-to-teacher ratio in Walton County, Florida over the last 10 years
Walton County, Florida has seen its student-to-teacher ratio go from just over 13 to over 21 in the past decade, showing a significant upward trend. This ratio now far exceeds the national average of 14 students per teacher, which may impact both educational quality and classroom management. For potential investors, developers, and real estate agents, these trends could influence decisions related to housing developments and school system evaluations. For residents and those considering a move, it's a key consideration for long-term family planning and community well-being.
