Clay County Real Estate and Livability Trends
Clay County, Florida, has seen median home values skyrocket from $153,000 in 2015 to $254,500 in 2022, suggesting a booming real estate market that outpaces both state and national trends. Not only has the average taxable income per tax return risen to $74,107.32 by 2021, but property taxes have also doubled, reaching $5,286.88 that same year, indicating a higher tax burden for residents.... Read more
Clay County Market Trends
Clay County, Florida, has seen a significant jump in median home values, surging from $153,000 in 2015 to $254,500 in 2022, outpacing both state and national trends. Residential energy tax credits also skyrocketed, from $413.20 in 2013 to $2,525.13 by 2021, spotlighting a local drive towards energy efficiency. Real estate taxes have more than doubled over the past decade, hitting $5,286.88 in... Read more
Median Value of Occupied Housing Units in Clay County, Florida Over the Last 8 Years
Clay County, Florida has experienced substantial growth in median home values over the last eight years, climbing from $153,000 in 2015 to $254,500 in 2022. This exceeds both state and national trends, with the state's median home value increasing from $159,000 to $292,200 and the national median rising from $125,500 to $179,400. Clay County's consistent appreciation in home values could suggest potential for solid returns for investors and highlights the area's growing appeal for those looking to relocate or build. Compared to wider trends, this local increase might indicate a strong local market resilience and desirability.
Residential Energy Tax Credit Per Tax Return in Clay County, FL Over the Last 9 Years
Clay County, Florida has seen a substantial increase in residential energy tax credits per tax return over the past nine years. From $413.20 in 2013, the average credit jumped to $2,525.13 by 2021, reflecting growing investments in energy-efficient upgrades. The peak at $2,669.23 in 2018 suggests a significant surge in homeowner participation in energy-saving improvements. This trend might appeal to investors and homeowners alike, indicating not just an environmental consciousness among residents but also a supportive policy framework potentially enhancing property value and livability.
Average Real Estate Taxes Per Tax Return in Clay County, FL Over the Last 10 Years
Over the last decade, Clay County, Florida has seen a noticeable increase in average real estate taxes per tax return. Starting at $2,819.84 in 2012, there's been a steady climb to $5,286.88 by 2021. This gradual rise, particularly a sharp uptick between 2017 and 2019, could reflect growing property values or changes in local tax policies. For potential investors, property developers, or new residents, this trend suggests a more significant tax burden that should be factored into any financial planning related to real estate in the area.
Percentage of Farm Returns in Clay County, FL Over the Last 10 Years
Over the past decade, Clay County, Florida, has seen fluctuating percentages of farm tax returns, ranging from approximately 0.31% to 0.39%. The highest percentage was observed in 2017 at around 0.39%, while the lowest occurred in 2020 at roughly 0.31%. For those interested in investing, moving, or building property in the area, it’s notable that while the economic influence of farming in Clay County seems marginal, it still represents a consistent aspect of the local economy. This consistency could signal stability, vital for long-term investment perspectives. Farm tax returns typically cover income and expenses from farming activities, offering insights into agricultural productivity and potential tax benefits.
Number of Mortgages by Occupancy Type in Clay County, FL Over the Last 5 Years in Clay County
Over the last five years in Clay County, Florida, the number of mortgages for principal residences has seen a consistent upward trend, peaking at over 21,000 in 2021 before slightly declining in 2022. Investment properties also increased in relevance, though to a lesser extent, reaching their highest point in 2021 with 736 mortgages. Second residences showed more modest fluctuations. Changes in occupancy types can signal broader economic shifts; a rising number of principal residence mortgages may indicate strong local job growth and livability. For investors, an increase in investment property mortgages could point to attractive rental yields, while variations in second residence mortgages might reflect trends in vacation home desirability. These dynamics are crucial for investors, real estate agents, insurance agents, and developers to understand market viability and risks.
Economic Outlook
Clay County, Florida has experienced a notable rise in average taxable income per tax return, climbing from $54,781.32 in 2013 to $74,107.32 in 2021. Concurrently, the average state and local income taxes per tax return also increased, reaching $10,155.38 by 2021, suggesting a higher overall tax burden. The average total tax liability per return rose steadily, indicating potential profitability for investors. Meanwhile, fluctuations in poverty levels, with a low of 6.9% in 2021, highlight both... Read more
Average Taxable Income per Tax Return in Clay County, FL over the last 9 years
Clay County, FL has seen a consistent increase in the average taxable income per tax return over the past nine years. Starting at $54,781.32 in 2013, it climbed steadily to $74,107.32 by 2021. This upward trend signifies robust economic growth and an improving financial landscape, making the county an attractive option for potential investors, property developers, and new residents.
Average State and Local Income Taxes Per Tax Return in Clay County, FL Over the Last 10 Years
The average state and local income taxes per tax return in Clay County, Florida have shown a significant increase over the past decade, starting at $5,907.86 in 2012 and climbing to $10,155.38 by 2021. The spike around 2018 to $10,615.49 and the consistently high figures since reflect a growing tax burden. This trend indicates a shift in the financial landscape, making it crucial for investors, potential residents, and property developers to factor in these rising taxes when making decisions in the county.
Average Total Tax Liability Per Tax Return in Clay County, FL Over the Last 10 Years
Clay County, Florida has seen a steady increase in average total tax liability per tax return over the past decade. From $7,949.35 in 2012, the average climbed to $10,951.83 by 2021. This increase suggests a rising income level or changes in tax laws impacting returns, making the county a potentially profitable area for investors and a signal of economic growth for current and prospective residents.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,765 | $1,528 | $1,905 | $1,482 | $1,203 |
| 1 adult 4 children | $1,765 | $1,248 | $1,457 | $1,482 | $1,354 |
| 2 adults 3 children | $1,765 | $1,248 | $1,653 | $1,482 | $996 |
| 1 adult 3 children | $1,765 | $1,019 | $1,205 | $1,482 | $1,132 |
| 2 adults 2 children | $1,372 | $1,022 | $1,401 | $1,287 | $806 |
| 1 adult 2 children | $1,372 | $763 | $953 | $1,287 | $823 |
| 2 adults 1 child | $1,372 | $808 | $1,149 | $651 | $756 |
| 1 adult 1 child | $1,372 | $522 | $701 | $651 | $643 |
| 2 adults | $1,160 | $649 | $897 | $0 | $641 |
| 1 adult | $1,004 | $354 | $449 | $0 | $533 |
Safety trends & Data
Clay County, Florida seems to have become safer in certain aspects with key property crimes showing a decline over the last two years. Notably, burglary incidents dropped from 168.00 in 2019 to 130.00 in 2020, and larceny-theft cases fell from 700.00 to 591.00. Though motor vehicle thefts saw an increase from 57.00 to 83.00, implying a need for better vehicle security, the overall trends suggest improved community vigilance and law enforcement effectiveness. This shift could be attractive for... Read more
Property Crime Trends in Clay County, FL Over the Last 2 Years
Clay County, Florida has seen a notable decrease in key property crimes over the last two years, which could be appealing for potential investors and new residents. Burglary incidents dropped from 168.00 in 2019 to 130.00 in 2020, while larceny-theft cases fell from 700.00 to 591.00. On the other hand, motor vehicle thefts increased from 57.00 to 83.00, indicating a need for enhanced vehicle security. While arson saw a slight uptick from 3.00 to 4.00, other crimes such as fraud and stolen property offenses significantly decreased, suggesting improved community vigilance and law enforcement efficiency. These trends may particularly interest real estate agents, appraisers, and insurance agents evaluating the local risk and opportunities.
Demographics
Clay County, Florida exhibits a balanced gender population with roughly equal numbers of males and females. The educational attainment highlights a significant portion of residents holding a high school diploma or some college experience, though fewer attain higher degrees. Age distribution indicates a mature population with a noticeable segment above 55 years, suggesting potential needs for senior services. The racial composition is predominantly White, with notable representation from Black... Read more
Race Distribution in Clay County, Florida (2022)
Educational Attainment in Clay County, Florida (2022)
Age Distribution in Clay County, Florida
Citizen Population in Clay County, Florida (2022)
Political Trends & Data
Clay County, Florida, likely exhibits a strong conservative presence, with nearly 68% of the votes going to Republican candidates in the 2020 U.S. Presidential Election. Democrats captured about 31% of the votes, and the support for Libertarian and other smaller parties was minimal. This voting pattern suggests a community with potentially fewer fluctuations in political affiliation, which could impact future municipal decision-making and local development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clay County in Florida seemed to lean heavily Republican in the 2020 U.S. Presidential Election, garnering nearly 68% of the votes. Democrats trailed significantly with around 31%, while support for Libertarian and other smaller parties appeared minimal. This trend might indicate a strong conservative presence in the county.
67.91% of voters voted for the Republican party in the 2020 Presidential Election
30.80% of voters voted for the Democrat party in the 2020 Presidential Election
1.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% 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
The student-to-teacher ratio in Clay County, Florida has shown noticeable fluctuations over the past decade, especially from 2015 to 2017. With ratios mostly hovering near the national average of 14 students per teacher, the county saw its lowest ratios in 2014-2015 and a slight uptick to 14.9 in 2023. These changes can influence classroom dynamics and educational outcomes, potentially affecting property values and community satisfaction. This information might be particularly useful for... Read more
Student-to-teacher ratio in Clay County, Florida over the last 10 years
The student-to-teacher ratio in Clay County, Florida has fluctuated over the past decade, with more pronounced variations between 2015 and 2017. The county mostly maintains ratios close to the national average of 14 students per teacher, dipping below this average in some years like 2014 and 2015, and slightly surpassing it in recent years, reaching 14.9 in 2023. These fluctuations can potentially impact classroom dynamics, individual student attention, and overall educational outcomes. Investors, homebuyers, and those interested in the local education system might find these trends relevant as they can influence property values, community satisfaction, and long-term educational planning. Understanding these nuances is also crucial for appraisers and insurance agents assessing local market conditions and risk.
