DeSoto County Real Estate and Livability Trends
In DeSoto County, Florida, average taxable income per tax return rose from $36,208.88 in 2013 to $50,544.83 by 2021, fueled by notable spikes, particularly between 2017-2018 and 2021. Median home values have also jumped from $80,400 in 2015 to $139,500 in 2022, indicating emerging investment opportunities. Average residential energy tax credits peaked at $1,768.75 in 2021, suggesting increased... Read more
DeSoto County Market Trends
Median home values in DeSoto County, Florida have surged from $80,400 in 2015 to $139,500 in 2022, hinting at emerging investment opportunities despite still being below the state and national medians. The rise in average residential energy tax credits, peaking at $1,768.75 in 2021, points to heightened investments in energy-efficient home improvements, making the region attractive to... Read more
Median Value of Occupied Housing Units in DeSoto County, Florida Over the Last 8 Years
Median home values in DeSoto County, Florida have seen consistent growth over the last eight years, peaking at $139,500 in 2022. This is a substantial increase from $80,400 in 2015. While still below Florida's median of $292,200 and the national median of $179,400 in 2022, the rapid appreciation could suggest emerging investment opportunities in this county. Compared to state and national trends, DeSoto County appears to be catching up, potentially appealing to those seeking more affordable housing options in Florida with promising growth potential.
Residential Energy Tax Credit Per Tax Return in DeSoto County, FL Over the Last 9 Years
In DeSoto County, Florida, the average residential energy tax credit per tax return has seen significant growth over the past nine years, peaking at $1,768.75 in 2021. Noteworthy spikes occurred starting around 2018, with averages jumping from $1,075.00 to $1,363.64 in 2019, indicating increasing investments in energy-efficient home improvements. This upward trend suggests a growing emphasis on sustainable living and could make the area increasingly attractive to eco-conscious investors and homebuyers. The substantial rise in tax credits could signify enhanced local incentives or higher adoption rates of renewable energy solutions, marking DeSoto County as a forward-thinking community.
Average Real Estate Taxes Per Tax Return in DeSoto County, FL Over the Last 10 Years
Average real estate taxes per tax return in DeSoto County, Florida, have shown a clear upward trend over the past decade, with notable spikes. While 2012 started at approximately $2,911.48, there was a sharp rise in 2014 to around $3,620.56, and the amounts have continued to grow, peaking at $5,112.12 in 2021. These trends could indicate a rise in property values or changes in taxation policies, making it a crucial factor for potential investors or residents considering property commitments in the area.
Percentage of Farm Returns in DeSoto County, FL Over the Last 10 Years
DeSoto County, Florida has seen some fluctuations in the percentage of farm tax returns over the last decade, starting at 3.60% in 2012 and dropping to 2.38% in 2021. Notable high points include 3.83% in 2017, while low points showed a consistent decline especially from 2018 onwards. Farm tax returns provide an indication of farm-related income and property investments in the region, which could signal economic health and growth trends in local agriculture. These trends can be a useful benchmark for those interested in agricultural investments, property development, or understanding the rural economic landscape in the county.
Number of Mortgages by Occupancy Type in DeSoto County, FL Over the Last 5 Years in DeSoto County
Over the last five years, the number of mortgages in DeSoto County, Florida, has demonstrated varying trends across different occupancy types. Principal Residence mortgages have consistently been the highest, peaking at 1,522 in 2021, while Investment Property and Second Residence mortgages have remained relatively lower. The noticeable fluctuations in Principal Residence mortgages may suggest shifts in local housing demand and economic conditions, which are crucial for real estate agents, appraisers, and investors when evaluating the market's health. Additionally, insurance agents and those considering building new properties should be aware of these trends for risk assessment and policy planning.
Economic Outlook
DeSoto County, Florida has witnessed a significant growth in average taxable income per tax return, jumping from $36,208.88 in 2013 to $50,544.83 by 2021, with notable spikes between 2017-2018 and 2021. This upward trend hints at economic or demographic shifts that could be attractive for new businesses and real estate investments. The county's rising state and local income taxes, peaking at $6,900.00 in 2020, and an increased average total tax liability reaching $7,221.27 in 2021 suggest... Read more
Average Taxable Income per Tax Return in DeSoto County, FL over the last 9 years
Over the past nine years, DeSoto County, FL has experienced a steady upward trend in average taxable income per tax return. From $36,208.88 in 2013, the income saw consistent growth, reaching $50,544.83 by 2021. Noteworthy spikes occurred from 2017 to 2018 and again in 2021, reflecting either economic developments, demographic shifts, or policy changes potentially beneficial for residents and investors. This growth suggests a robust economic environment that could attract new businesses, residents, and real estate investments.
Average State and Local Income Taxes Per Tax Return in DeSoto County, FL Over the Last 10 Years
DeSoto County, Florida has seen a significant rise in average state and local income taxes per tax return over the past decade, peaking at $6,900.00 in 2020. This upward trend indicates increased tax burdens, which potential investors and new residents should consider. Notably, the years 2018 to 2021 show markedly higher taxes compared to earlier years, suggesting recent economic or policy shifts impacting the area's taxation levels.
Average Total Tax Liability Per Tax Return in DeSoto County, FL Over the Last 10 Years
DeSoto County, Florida has seen a notable increase in average total tax liability per tax return over the past decade, rising from $5,720.88 in 2012 to $7,221.27 in 2021. After some fluctuations mid-decade, there's a clear upward trend, especially from 2017 onwards. This steady rise may indicate healthier economic conditions or increased earnings among residents, making it a key consideration for investors, those looking to move, or property developers aiming to tap into a growing demographic with potential disposable income.
Cost of Living in DeSoto County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,097 | $1,399 | $2,077 | $1,454 | $910 |
| 1 adult 4 children | $1,097 | $1,143 | $1,590 | $1,454 | $977 |
| 2 adults 3 children | $1,097 | $1,143 | $1,801 | $1,454 | $710 |
| 1 adult 3 children | $1,097 | $933 | $1,314 | $1,454 | $757 |
| 2 adults 2 children | $827 | $936 | $1,525 | $1,265 | $618 |
| 1 adult 2 children | $827 | $699 | $1,038 | $1,265 | $558 |
| 2 adults 1 child | $827 | $740 | $1,249 | $651 | $579 |
| 1 adult 1 child | $827 | $478 | $762 | $651 | $471 |
| 2 adults | $732 | $594 | $973 | $0 | $511 |
| 1 adult | $716 | $324 | $486 | $0 | $449 |
Safety trends & Data
In DeSoto County, Florida, recent property crime trends reveal a nuanced landscape. While burglary and larceny-theft incidents have marginally decreased, motor vehicle thefts have edged up. Notably, forgery and counterfeiting cases saw a sharp increase. These fluctuations could influence property investments, insurance premiums, and overall real estate market... Read more
Property Crime Trends in DeSoto County, FL Over the Last 2 Years
In DeSoto County, Florida, property crime trends over the past two years show some stability and fluctuations. While incidents of arson and fraud have remained steady, burglary and larceny-theft—the most common crimes—have slightly decreased, with burglary dropping from 42 to 40 and larceny-theft from 76 to 68. Motor vehicle theft has, however, seen a small increase from 9 to 12. Incidents of forgery and counterfeiting doubled from 2 in 2019 to 6 in 2020, which might be noteworthy for those concerned with financial crimes in the area. This dynamic crime landscape can have varying implications for property investments, insurance rates, and local real estate market conditions.
Demographics
DeSoto County, Florida's demographic makeup hints at a larger male population compared to females, potentially affecting community dynamics and services. Educational attainment is varied, with a noticeable chunk of the population only finishing high school or some college, which could influence local employment trends and economic development. Age distribution suggests a relatively even spread across age groups, but with fewer younger children and more people approaching retirement age, hinting... Read more
Race Distribution in DeSoto County, Florida (2022)
Educational Attainment in DeSoto County, Florida (2022)
Age Distribution in DeSoto County, Florida
Citizen Population in DeSoto County, Florida (2022)
Political Trends & Data
DeSoto County, Florida, exhibits a strong Republican inclination, with around 65.7% of the vote supporting the Republican presidential candidate. Democrats captured approximately 33.6%, while Libertarian and other minor parties collectively received less than 1% each. Though the Republican preference is evident, there is a significant Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
DeSoto County, Florida, tends to lean heavily Republican, with around 65.7% of votes. Democrats garnered approximately 33.6%, while Libertarians and other parties collectively secured less than 1% each. This distribution suggests a strong Republican preference, though with notable support for the Democratic candidate.
65.67% of voters voted for the Republican party in the 2020 Presidential Election
33.64% of voters voted for the Democrat party in the 2020 Presidential Election
0.41% of voters voted for the Livertarian party in the 2020 Presidential Election
0.06% of voters voted for the Green party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Desoto County, Florida has fluctuated notably, with a sharp increase from 2016 onward. The ratio spiked to over 21 students per teacher in 2017 and peaked at 32 in 2022 before slightly decreasing to nearly 24 in 2023. These trends may indicate challenges in staffing or higher student enrollment, factors that could impact educational quality and community resources, which are essential considerations for investors, real estate agents, and prospective... Read more
Student-to-teacher ratio in Desoto County, Florida over the last 10 years
Over the past decade, the student-to-teacher ratio in Desoto County, Florida has shown considerable fluctuations, with a noticeable increase from 2016 onwards. The ratio spiked dramatically in 2017 to over 21 students per teacher, far exceeding the national average of 14 students per teacher. In recent years, the ratio has surged even higher, peaking at 32 students per teacher in 2022 before slightly decreasing to nearly 24 in 2023. These changes might indicate challenges in staffing or increased student enrollment, which is crucial for investors, real estate agents, and prospective residents to consider, as higher ratios can potentially impact educational quality and community resources.
