Holmes County Real Estate and Livability Trends
Holmes County, Florida's median home values are notably low at $94,900 in 2022 compared to the state's $292,200, suggesting a budget-friendly market influenced by local economic factors. The presence of robust residential energy tax credits and rising average real estate taxes reflects both incentives for eco-friendly improvements and potential property value increases. While mortgage trends show... Read more
Holmes County Market Trends
In Holmes County, Florida, median home values capped at $94,900 in 2022, offering a stark contrast to the state's $292,200 median, hinting at a more budget-friendly market possibly influenced by local economic parameters. The residential energy tax credit soared to $2380.00 in 2021, suggesting robust incentives for eco-friendly home improvements. Additionally, average real estate taxes saw... Read more
Median Value of Occupied Housing Units in Holmes County, Florida Over the Last 8 Years
Holmes County, Florida's median home values have seen a fluctuating growth pattern over the last eight years, culminating at $94,900 in 2022. This figure remains significantly lower than both the state median of $292,200 and the national median of $179,400 for the same year, highlighting potential affordability, but perhaps also reflecting divergent market demands or investment opportunities. For those eyeing investment or relocation, this gap underscores a more budget-friendly market, albeit influenced by local economic factors that may bear consideration.
Residential Energy Tax Credit Per Tax Return in Holmes County, FL Over the Last 8 Years
Over the past eight years in Holmes County, Florida, the average residential energy tax credit per tax return has shown significant variability. After a gradual increase from $400.00 in 2013 to $575.00 in 2017, there was a noticeable drop in 2019 to $300.00. However, the most striking change occurred in the latest years with a dramatic leap to $920.00 in 2020 and an even more substantial rise to $2380.00 in 2021. This sharp increase in recent years could indicate enhanced incentives for energy-efficient home improvements, making it a prime time for potential investors and residents to consider eco-friendly upgrades.
Average Real Estate Taxes Per Tax Return in Holmes County, FL Over the Last 10 Years
Holmes County, Florida has seen a notable increase in average real estate taxes over the last decade, with significant jumps particularly from 2018 onwards. In 2012, the average tax was approximately $1571.64 per return, which rose almost steadily to $2690.91 by 2021. This upward trend could suggest rising property values or shifts in local tax policy, making it important for potential investors or homebuyers to consider the potential for higher future taxes when evaluating real estate opportunities in the area.
Percentage of Farm Returns in Holmes County, FL Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Holmes County, Florida, has shown minor fluctuations, ranging from 8.61% in 2012 to a peak of 9.35% in 2014, before slightly declining to around 7.30%-7.21% by 2020-2021. Farm tax returns essentially reflect the portion of local tax filings that come from agricultural operations, offering insights into the strength and presence of the farming sector in the area. For potential investors, property developers, and new residents, this trend might indicate a stabilized but possibly niche agricultural community, impacting the economic landscape and local market dynamics.
Number of Mortgages by Occupancy Type in Holmes County, FL Over the Last 5 Years in Holmes County
Over the last five years, mortgage data for Holmes County, Florida reveals a consistent dominance of principal residence mortgages, with notable increases peaking at 691 in 2021. In contrast, investment and second residence mortgages have shown modest fluctuations, with investment properties peaking at 28 in 2022 and second residences at 21 in 2021. Shifts in mortgage types matter because they can indicate broader economic trends, like rising interest in rental properties that might suggest growing investment potential or a higher demand for vacation homes reflecting increased tourism interest. Real estate professionals, investors, and even insurance agents should pay attention to these trends, as they could impact property valuation, insurance risk assessments, and future growth strategies.
Economic Outlook
Holmes County, Florida has experienced consistent growth in average taxable income per tax return, reaching $49,749.65 in 2021, which suggests a promising economic outlook. The county's state and local income taxes have shown significant variation, with a peak at $9,166.67 in 2019, indicating shifts in economic and policy landscapes. Additionally, the average total tax liability per tax return has gradually risen, from $4,459.38 in 2012 to $6,288.36 in 2021, reflecting broader economic... Read more
Average Taxable Income per Tax Return in Holmes County, FL over the last 9 years
Over the past nine years, Holmes County, FL has shown a steady increase in the average taxable income per tax return, culminating in $49,749.65 in 2021. This growth trend, with only a slight dip in 2020, highlights the county's improving economic situation and potential for financial stability. It's an encouraging sign for investors, homebuilders, and new residents looking for a community with progressive income growth. Notably, the sharp rise in 2019 and peak in 2021 suggest strong economic resilience and opportunity.
Average State and Local Income Taxes Per Tax Return in Holmes County, FL Over the Last 10 Years
Over the last decade, Holmes County, Florida has seen significant fluctuations in average state and local income taxes per tax return, peaking notably at $9,166.67 in 2019. While the amounts have varied, there's been a marked increase in tax obligations starting from $2,485.71 in 2012, reflecting broader economic and policy changes impacting the area. Such variations are crucial for potential investors and residents as they navigate financial planning and budget considerations in this dynamic tax landscape.
Average Total Tax Liability Per Tax Return in Holmes County, FL Over the Last 10 Years
Holmes County, Florida has seen a notable upward trend in average total tax liability per tax return over the past decade. In 2012, the average was $4,459.38, gradually increasing to $6,288.36 by 2021. Several peaks and troughs can be observed, with a significant jump in 2017 to $5,826.92 and another spike in 2019 at $6,299.37. These fluctuations suggest economic shifts which potential investors and residents might find significant when considering the area's fiscal environment.
Cost of Living in Holmes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,106 | $1,275 | $2,120 | $1,121 | $822 |
| 1 adult 4 children | $1,106 | $1,041 | $1,624 | $1,121 | $871 |
| 2 adults 3 children | $1,106 | $1,041 | $1,838 | $1,121 | $630 |
| 1 adult 3 children | $1,106 | $850 | $1,342 | $1,121 | $658 |
| 2 adults 2 children | $826 | $853 | $1,556 | $962 | $560 |
| 1 adult 2 children | $826 | $637 | $1,060 | $962 | $490 |
| 2 adults 1 child | $826 | $674 | $1,274 | $447 | $545 |
| 1 adult 1 child | $826 | $435 | $778 | $447 | $441 |
| 2 adults | $662 | $541 | $993 | $0 | $501 |
| 1 adult | $658 | $295 | $496 | $0 | $444 |
Safety trends & Data
Holmes County, Florida has seen a significant decrease in burglary incidents, dropping from 107 in 2019 to 65 in 2020. However, there's been a notable rise in larceny-theft cases, increasing from 57 to 82 over the same period. Motor vehicle thefts also climbed from 3 to 13. While vandalism cases stayed consistent at 14, forgery and counterfeiting incidents experienced a slight uptick. These mixed crime trends are likely on the radar of potential investors, insurance agents, and residents... Read more
Property Crime Trends in Holmes County, FL Over the Last 2 Years
Holmes County, Florida has witnessed notable shifts in property crime over the past two years. Burglary incidents decreased significantly from 107 in 2019 to 65 in 2020. However, Larceny-Theft incidents saw a notable increase, rising from 57 in 2019 to 82 in 2020. Motor Vehicle Theft also showed an uptick, with cases rising from 3 to 13 over the same period. While Vandalism cases remained steady at 14, there was a slight increase in Forgery and Counterfeiting incidents. This mixed trend could be of particular interest to potential investors, insurance agents, and residents concerned about crime dynamics.
Demographics
Holmes County, Florida shows a gender imbalance with a higher male population compared to females. Educationally, the majority hold a high school diploma or equivalency, but only a small fraction have pursued higher education beyond an associate degree. The age distribution hints at a relatively balanced spread across age groups, though individuals aged 25 to 34 show slightly higher numbers, while those over 75 form a smaller segment. Racial composition reveals a dominant White population, with... Read more
Race Distribution in Holmes County, Florida (2022)
Educational Attainment in Holmes County, Florida (2022)
Age Distribution in Holmes County, Florida
Citizen Population in Holmes County, Florida (2022)
Political Trends & Data
Holmes County, Florida's real estate market might be influenced by its strong conservative voter base, as indicated by the 2020 presidential election where roughly 89% of votes went to the Republican party. This predominantly conservative leaning could impact local policies, community development, and even the types of amenities and businesses that thrive here, potentially making it an attractive market for buyers and investors who share similar... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Holmes County in Florida exhibited a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, with nearly 89% of the votes. The Democratic party garnered about 10% of the vote count, trailing far behind. Minor parties like the Libertarians and Greens barely made a dent, suggesting a predominantly conservative voter base in this region.
89.10% of voters voted for the Republican party in the 2020 Presidential Election
10.19% of voters voted for the Democrat party in the 2020 Presidential Election
0.53% 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
0.08% of voters voted for the Other party in the 2020 Presidential Election
School Data
Holmes County, Florida, has seen its student-to-teacher ratio fluctuate significantly over the past decade, notably reaching highs of 20 and 23 students per teacher in 2019 and 2020. Even in 2023, the ratio stands at 21.43, well above the national average of 14. These ratios could impact the perceived quality of education, influencing property values and community desirability for potential homebuyers and real estate investors. Higher ratios might suggest larger classes and less individual... Read more
Student-to-teacher ratio in Holmes County, Florida over the last 10 years
Holmes County, Florida, has seen significant fluctuations in its student-to-teacher ratio over the past decade, with ratios spiking to 20 and 23 students per teacher in 2019 and 2020, respectively. Recent years show a return to lower ratios, but 2023 still stands high at 21.43. This trend indicates potential challenges in maintaining optimal learning environments, as the national average stands at 14 students per teacher. Stakeholders like investors, homebuyers, real estate agents, and insurance agents might find these ratios noteworthy, as they can impact the perceived quality of education and community attractiveness. A higher student-to-teacher ratio could hint at larger classes and potentially diminished individual attention, affecting property values, market desirability, and even insurance assessments.
