Lee County Real Estate and Livability Trends
Lee County, Florida's real estate market is undergoing some notable changes. Average taxable income per tax return jumped from $62,941.28 in 2013 to $111,156.87 in 2021, reflecting a vibrant economy and likely driving up property values. Median home values have nearly doubled, moving from $157,400 in 2015 to $290,900 in 2022. Even with real estate taxes rising from $5,434.62 in 2012 to $9,438.10... Read more
Lee County Market Trends
In Lee County, Florida, the median home value has surged significantly from $157,400 in 2015 to $290,900 in 2022, outpacing both state and national trends. Residential energy tax credits in Lee County also peaked at $2,651.37 in 2018, underscoring growing investments in energy-efficient improvements. Real estate taxes have risen from $5,434.62 in 2012 to $9,438.10 in 2021, reflecting increasing... Read more
Median Value of Occupied Housing Units in Lee County, Florida Over the Last 8 Years
In Lee County, Florida, the median home value has seen a significant uptick over the past eight years, surging from $157,400 in 2015 to $290,900 in 2022. This increase is impressive compared to both state and national trends. Florida's overall median home value rose from $159,000 to $292,200 during the same period, while the national average climbed more modestly from $125,500 to $179,400. For those considering investing or moving to Lee County, the rapid appreciation in home values might be an attractive indicator of a strong local market.
Residential Energy Tax Credit Per Tax Return in Lee County, FL Over the Last 9 Years
Lee County, Florida has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. Starting at $427.13 in 2013, there has been a dramatic increase, peaking at $2,651.37 in 2018. This trend suggests growing investments in energy-efficient improvements, possibly driven by rising environmental awareness and the availability of incentives. Recent values like $2,497.76 in 2021 illustrate continued strong returns for homeowners. For investors, builders, and residents, this indicates a robust commitment to sustainability which could shape property value and desirability trends in the region.
Average Real Estate Taxes Per Tax Return in Lee County, FL Over the Last 10 Years
Lee County, Florida has seen a notable increase in average real estate taxes per tax return over the past decade. Starting at around $5,434.62 in 2012, there's a clear upward trajectory, peaking at approximately $9,441.83 in 2020 with a slight dip to $9,438.10 in 2021. This continuous rise suggests growing property values and possibly increased government funding needs, which could be important for potential property investors or current homeowners assessing long-term costs. It’s indicative of a dynamic market that could offer both opportunities and cautions for those looking to engage with Lee County's real estate sector.
Percentage of Farm Returns in Lee County, FL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Lee County, Florida has been steadily declining, starting around 0.32% in 2012 and dropping to approximately 0.22% in 2021. This trend could suggest a shift away from agriculture in the area, perhaps indicating increased urban development or changing economic priorities. For potential investors, property developers, or those considering a move to Lee County, this pattern might highlight growing opportunities in sectors other than farming, potentially making it a strategic location for commercial or residential projects.
Number of Mortgages by Occupancy Type in Lee County, FL Over the Last 5 Years in Lee County
Lee County, Florida, has seen notable shifts in mortgage distribution over the last five years, especially in the Principal Residence category, peaking at 71,989 mortgages in 2021 before a steep decline to 48,626 in 2022. Investment Property and Second Residence categories experienced more moderate yet significant changes. Investment Properties, for instance, climbed from 2,625 in 2018 to a peak of 4,966 in 2021, then dipped slightly to 4,849 in 2022. Second Residences followed a similar trend, with fluctuations that might hint at broader economic or lifestyle shifts. These changes in occupancy type could impact property values, risk assessments, and even localized markets. For investors, varying occupancy types can indicate shifts in demand and potential rental market viability. Real estate agents and appraisers might use this data to fine-tune their strategies, while insurance agents could recalibrate risk models. Those looking to build or move to Lee County need to account for these dynamics to gauge future growth and stability in the region.
Economic Outlook
In Lee County, Florida, the real estate market looks promising for investors and new residents alike. The average taxable income per tax return has risen from $62,941.28 in 2013 to a notable $111,156.87 in 2021, indicating a robust economic environment. Concurrently, state and local income taxes per tax return have more than doubled, reaching $34,616.23 by 2021. This suggests a burgeoning local economy, potentially driving up property values. The average total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Lee County, FL over the last 9 years
Average taxable income per tax return in Lee County, FL has shown a notable upward trend over the past nine years. From $62,941.28 in 2013, the average increased steadily, hitting $111,156.87 in 2021. This significant growth reflects a robust economic environment, attracting higher earners and signaling a potentially lucrative market for investors and new residents. With a consistent rise, Lee County emerges as an increasingly attractive destination for property development and business ventures.
Average State and Local Income Taxes Per Tax Return in Lee County, FL Over the Last 10 Years
Over the last decade, Lee County, Florida has seen a significant rise in state and local income taxes per tax return. Starting around $15,801.06 in 2012, the average amount steadily climbed, dramatically peaking at $34,616.23 by 2021. This upward trend suggests a burgeoning local economy and potentially increasing property values, making it a keen point of interest for investors and those considering relocating.
Average Total Tax Liability Per Tax Return in Lee County, FL Over the Last 10 Years
Over the last ten years, Lee County, Florida has experienced a steady increase in the average total tax liability per tax return. Starting at $14,187.39 in 2012, the liability saw consistent growth, reaching $22,579.89 by 2021. This upward trend suggests increasing incomes or property values, making it a potentially lucrative area for investors and new residents looking to capitalize on the economic growth.
Cost of Living in Lee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,896 | $1,637 | $2,153 | $1,356 | $1,301 |
| 1 adult 4 children | $1,896 | $1,337 | $1,648 | $1,356 | $1,423 |
| 2 adults 3 children | $1,896 | $1,337 | $1,867 | $1,356 | $1,060 |
| 1 adult 3 children | $1,896 | $1,092 | $1,362 | $1,356 | $1,183 |
| 2 adults 2 children | $1,451 | $1,095 | $1,581 | $1,197 | $843 |
| 1 adult 2 children | $1,451 | $818 | $1,076 | $1,197 | $843 |
| 2 adults 1 child | $1,451 | $865 | $1,295 | $678 | $798 |
| 1 adult 1 child | $1,451 | $559 | $791 | $678 | $680 |
| 2 adults | $1,141 | $695 | $1,010 | $0 | $644 |
| 1 adult | $1,134 | $379 | $505 | $0 | $564 |
Safety trends & Data
Lee County, Florida has experienced a significant drop in property crime over the past three years, which could appeal to potential investors and residents. Larceny-theft incidents plummeted from 1,530 in 2019 to just 15 in 2022, while fraud cases shrank from 305 to merely one in the same period. Vandalism reports also greatly decreased, from 133 to four. These impressive declines might suggest improving safety and enhance the attractiveness of the local real estate... Read more
Property Crime Trends in Lee County, FL Over the Last 3 Years
Lee County, Florida has seen a notable decline in property crime over the last three years. Larceny-Theft incidents dropped significantly from 1,530 in 2019 to just 15 in 2022. Fraud cases also fell drastically from 305 in 2019 to one in 2022. Similarly, Vandalism incidents reduced to four in 2022 from 133 in 2019. This downward trend in property crime is substantial for potential investors, real estate agents, and current residents who may see this as an indicator of improving safety and community well-being.
Demographics
Lee County, Florida shows a slightly higher female population compared to males in 2022. The educational attainment data suggests a significant portion of residents are high school graduates or hold some college education, yet there's a notable number with bachelor's and higher degrees, which might hint at a relatively educated workforce. The age distribution reveals a mature demographic, particularly with a substantial population aged 55 and over, potentially impacting local healthcare and... Read more
Race Distribution in Lee County, Florida (2022)
Educational Attainment in Lee County, Florida (2022)
Age Distribution in Lee County, Florida
Citizen Population in Lee County, Florida (2022)
Political Trends & Data
Lee County, Florida appears to lean Republican, with the 2020 presidential election results showing the Republican candidate securing almost 60% of the votes. This voting behavior may hint at broader trends in similar Florida demographics where third-party influence seems... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lee County, Florida appears to lean Republican based on its 2020 presidential election voting patterns. The Republican candidate seems to have secured nearly 60% of the votes, while the Democratic candidate garnered about 40%. Minor parties, including the Libertarian and Green parties, collectively drew in a small fraction, indicating that third-party influence might be marginal in this region. This county's voting behavior could be indicative of broader trends within similar demographics in Florida.
59.21% of voters voted for the Republican party in the 2020 Presidential Election
40.03% of voters voted for the Democrat party in the 2020 Presidential Election
0.51% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.13% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lee County, Florida's student-to-teacher ratio has fluctuated sharply over the past decade, currently settling around 20 students per teacher, compared to the national average of 14. This disparity may influence property investment decisions and residential re-evaluations due to potential concerns about educational quality. Appraisers, insurance agents, and real estate professionals may need to integrate these educational dynamics when assessing property values or communicating with... Read more
Student-to-teacher ratio in Lee County, Florida over the last 10 years
Lee County, Florida has seen a notable fluctuation in the student-to-teacher ratio over the past decade, with numbers reaching as high as 23 and currently sitting around 20. Given that the national average is 14 students per teacher, this higher ratio in Lee County may signal potential challenges for both educational quality and resource allocation. These changes might impact decisions for those considering investing in property or re-evaluating their current residential choices, as well as for schools planning future staffing and capacity. Appraisers and insurance agents might need to factor in these trends when assessing property values and risks, while real estate agents should consider how they communicate these educational dynamics to prospective buyers.
