Baker County Real Estate and Livability Trends
Baker County, Florida has experienced significant shifts in its real estate market. From 2015 to 2022, median home values jumped from $114,300 to $198,900, possibly offering enticing investment opportunities at lower entry points compared to other regions. Concurrently, taxable income and tax obligations have risen, potentially increasing the cost of living and impacting financial planning.... Read more
Baker County Market Trends
Median home values in Baker County, Florida have surged from $114,300 in 2015 to $198,900 in 2022, outpacing national trends and narrowing the gap with state averages. This rapid growth presents potential investment opportunities due to lower entry points. Energy tax credits in the county peaked dramatically in 2018 at $1,866.67, indicating strong incentives for energy-efficient home... Read more
Median Value of Occupied Housing Units in Baker County, Florida Over the Last 8 Years
Median home values in Baker County, Florida have experienced a significant upward trend over the last eight years, jumping from $114,300 in 2015 to $198,900 in 2022. This growth is faster than national trends, where values moved from $125,500 to $179,400 during the same period. Although Baker County's median values still lag behind Florida's overall rates—$159,000 in 2015 to $292,200 in 2022—the county's accelerating market could present investment opportunities, especially given lower entry points compared to broader state averages.
Residential Energy Tax Credit Per Tax Return in Baker County, FL Over the Last 9 Years
Baker County, Florida has seen significant fluctuations in average residential energy tax credits per tax return over the past nine years. Notably, there's a dramatic increase during 2018 with average credits reaching $1,866.67, followed by a gradual decrease to $1,611.11 in 2021. This trend highlights both the rising investment in energy-efficient home improvements and tax incentivization momentum, making it a key area for prospective property builders and investors aiming to capitalize on these benefits.
Average Real Estate Taxes Per Tax Return in Baker County, FL Over the Last 10 Years
Over the past decade, Baker County, Florida has seen a marked increase in average real estate taxes per tax return, moving from roughly $2,014.20 in 2012 to a peak of about $3,411.90 in 2020. While there was a slight dip to $2,978.95 in 2021, the overall trend suggests an upward trajectory. This upward trend reflects broader economic shifts, potentially indicating rising property values or changes in tax policy, making it crucial for prospective investors and current residents to closely monitor property tax implications in the area.
Percentage of Farm Returns in Baker County, FL Over the Last 10 Years
Over the last decade, Baker County, Florida has seen a slight, but noticeable, decline in the percentage of farm returns, moving from approximately 2.40% in 2012 to around 1.92% in 2021. Farm tax returns are indicative of the number of farming operations that report income and expenses annually for tax purposes. This declining trend might suggest shifts in local economic activity, possibly due to urbanization, changes in agricultural profitability, or transitions to other industries. For investors, developers, or potential residents, these trends could hint at evolving land use patterns and economic opportunities within Baker County.
Number of Mortgages by Occupancy Type in Baker County, FL Over the Last 5 Years in Baker County
In Baker County, Florida, the data trends over the past five years show a notable fluctuation in mortgages for various occupancy types. Principal Residences consistently dominate the mortgage landscape, peaking significantly in 2021 at 1961 mortgages but seeing a decline to 1318 in 2022. Investment Property mortgages have seen minor fluctuations, ranging from 20 to 47 annually, with a slight dip in 2022. Second Residences remain a negligible part of the market. These shifts could signal changing living preferences and economic conditions impacting homeowner decisions; for investors, appraisers, real estate agents, and insurance agents, understanding these trends could provide vital insights into market stability and future opportunities in Baker County.
Economic Outlook
Average taxable income in Baker County, Florida has surged from $44,330.53 in 2013 to $62,083.99 in 2021, indicating growing economic affluence. Meanwhile, state and local income taxes per tax return have also risen, peaking at $10,450.00 in 2020 before a slight dip to $9,750.00 in 2021, suggesting a growing fiscal burden that could impact cost of living and financial planning. Additionally, the average total tax liability per tax return has increased from $5,586.17 in 2012 to $8,013.85 in... Read more
Average Taxable Income per Tax Return in Baker County, FL over the last 9 years
Baker County, FL has seen a notable rise in average taxable income over the past nine years, growing from $44,330.53 in 2013 to $62,083.99 in 2021. This upward trend showcases economic growth and increasing affluence, making it an attractive area for investment and development. The consistent yearly increase, especially the significant boost between 2020 and 2021, indicates robust economic health and potential for future gains.
Average State and Local Income Taxes Per Tax Return in Baker County, FL Over the Last 10 Years
Baker County, FL has seen a significant increase in average state and local income taxes per tax return over the past decade. Starting at $3,483.33 in 2012, taxes dipped to $2,600.00 in 2014 before steadily climbing to an astonishing $10,450.00 by 2020, with a slight decrease to $9,750.00 in 2021. This upward trend is an essential consideration for existing residents and potential newcomers, as it represents a noticeable rise in the fiscal burden, potentially affecting overall cost of living and financial planning within the county.
Average Total Tax Liability Per Tax Return in Baker County, FL Over the Last 10 Years
Over the past decade, Baker County, Florida has witnessed a notable increase in average total tax liability per tax return, with figures rising from $5,586.17 in 2012 to $8,013.85 in 2021. This upward trend signifies a growing fiscal responsibility among residents, which could reflect broader economic changes such as increased incomes or property values. Prospective investors and developers might find this data indicative of economic growth, while potential residents could view it as a marker of the county's evolving financial landscape.
Cost of Living in Baker County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,178 | $1,359 | $2,129 | $1,240 | $914 |
| 1 adult 4 children | $1,178 | $1,110 | $1,630 | $1,240 | $1,009 |
| 2 adults 3 children | $1,178 | $1,110 | $1,847 | $1,240 | $733 |
| 1 adult 3 children | $1,178 | $907 | $1,347 | $1,240 | $787 |
| 2 adults 2 children | $882 | $909 | $1,564 | $1,076 | $634 |
| 1 adult 2 children | $882 | $679 | $1,065 | $1,076 | $578 |
| 2 adults 1 child | $882 | $718 | $1,282 | $542 | $610 |
| 1 adult 1 child | $882 | $464 | $782 | $542 | $487 |
| 2 adults | $670 | $577 | $999 | $0 | $516 |
| 1 adult | $644 | $315 | $500 | $0 | $444 |
Safety trends & Data
Baker County, Florida has seen a notable decrease in property crime over the past four years, with burglary incidents dropping from 22 in 2019 to just 2 by 2021, and larceny-theft cases falling from 44 to 3 in the same period. Motor vehicle thefts also saw a significant reduction, going from 11 in 2019 to 1 by 2021. This trend toward lower property crime could make Baker County appealing for home buyers and real estate investors seeking lower-risk... Read more
Property Crime Trends in Baker County, FL Over the Last 4 Years
Baker County, Florida has seen a significant drop in property crime over the past four years. In 2019, burglary incidents totaled 22, but by 2021 that number plummeted to just 2. Similarly, larceny-theft cases decreased from 44 in 2019 to 10 in 2021 and further to 3 in 2022. Motor vehicle thefts reduced from 11 in 2019 to 1 by 2021. This downward trend in property crimes may make Baker County an attractive option for potential home buyers, real estate investors, and insurance agents looking for lower risk areas.
Demographics
Baker County, Florida exhibits a nuanced demographic profile. The adult population skews slightly towards males. Educational attainment reveals a community largely completing high school, though with significant portions attending some college or achieving an Associate's degree. Age distribution hints at a younger population, with a notable segment under 34 years old. The racial composition is predominantly White, though there is a presence of Black or African American residents, along with... Read more
Race Distribution in Baker County, Florida (2022)
Educational Attainment in Baker County, Florida (2022)
Age Distribution in Baker County, Florida
Citizen Population in Baker County, Florida (2022)
Political Trends & Data
Baker County, Florida, exhibited a strong conservative tilt in the 2020 U.S. Presidential Election, with possibly around 85% of votes leaning Republican. Democratic support seemed significantly lower, possibly under 15%, and third-party candidates barely made a dent. This voting pattern could reflect a predominantly conservative community, with limited diversity in political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Baker County in Florida appeared to lean heavily Republican in the 2020 U.S. Presidential Election, with potentially around 85% of the vote. Democratic support was likely much lower, possibly just under 15%, while third-party candidates such as the Libertarian and Green parties garnered minimal votes. This trend might suggest a strong conservative presence, with limited backing for other political ideologies.
84.72% of voters voted for the Republican party in the 2020 Presidential Election
14.49% of voters voted for the Democrat party in the 2020 Presidential Election
0.66% of voters voted for the Livertarian party in the 2020 Presidential Election
0.07% of voters voted for the Green party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Baker County, Florida, has seen student-to-teacher ratios rise from around 14:1 in 2014 to roughly 18:1 in 2023, while the national average hovers around 14:1. This trend could affect classroom dynamics, potentially making it harder for teachers to give individualized attention, which might sway family decisions on living there. These shifting ratios could also impact real estate values and local taxpayers' priorities, as educational quality often plays a significant role in homebuying... Read more
Student-to-teacher ratio in Baker County, Florida over the last 10 years
Baker County, Florida has experienced fluctuating student-to-teacher ratios over the past decade, with values generally trending upward since 2014. Notably, the ratio climbed from approximately 14 students per teacher in 2014 to about 18 students per teacher in 2023. For context, the current national average in the United States is around 14 students per teacher, indicating Baker County's classrooms may be comparatively more crowded. Changes in student-to-teacher ratios can impact classroom dynamics, the ability of teachers to provide individualized attention, and overall educational quality—factors that could influence family decisions on moving to or remaining in the area, real estate values, and even local taxpayer priorities.
