Martin County Real Estate and Livability Trends
Martin County, Florida, boasts significant economic growth, evidenced by average taxable income skyrocketing from $86,963.46 in 2013 to $181,302.70 in 2021 and a corresponding rise in state and local taxes. Home values nearly doubled to $359,200 between 2015 and 2022, outpacing both state and national growth, making it attractive for investors. However, the region's real estate taxes also saw a... Read more
Martin County Market Trends
Martin County, Florida has seen home values nearly double from $200,200 in 2015 to $359,200 in 2022, outpacing both state and national growth. This trend is crucial for investors and homeowners eyeing strong property appreciation. Real estate taxes in the county also surged dramatically, from an average of $6,698.05 in 2012 to $13,370.59 in 2021, indicating rising property values and demand. Even... Read more
Median Value of Occupied Housing Units in Martin County, Florida Over the Last 8 Years
Martin County, Florida has experienced a notable surge in median home values over the past eight years, increasing from $200,200 in 2015 to $359,200 in 2022. This upward trend is outpacing both Florida's overall growth, where median values rose from $159,000 to $292,200, and the national figures, which went from $125,500 to $179,400. For prospective investors and homeowners, this data highlights Martin County as a potentially lucrative market, reflecting stronger property value appreciation compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Martin County, FL Over the Last 9 Years
Martin County, Florida, has seen significant fluctuations in the residential energy tax credit per tax return over the past nine years. Notably, the average credit peaked at $2,204.00 in 2018, followed by a marked decrease to $1,217.92 in 2019. This volatility reflects broader trends in energy efficiency investments and possibly legislative changes that impact tax incentives. People considering investing, moving, or building in Martin County should take note of these variations as they can indicate shifts in local energy policies and economic priorities, potentially affecting future financial returns on energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Martin County, FL Over the Last 10 Years
Martin County, Florida has seen a significant increase in average real estate taxes per tax return over the past decade. In 2012, the average was around $6,698.05 but skyrocketed to approximately $13,370.59 by 2021. The most notable spikes occurred between 2017 and 2018, where taxes jumped from $8,310.04 to $11,832.98. This upward trend could indicate rising property values and possibly increased demand in the area, which is crucial information for investors, potential homeowners, and property developers considering venturing into this market.
Percentage of Farm Returns in Martin County, FL Over the Last 10 Years
Over the past decade, Martin County, Florida has seen slight fluctuations in the percentage of farm tax returns, generally hovering around 0.48% to 0.57%. Peaking at around 0.57% in 2012 and 2019, farm returns gradually dipped, hitting a low of approximately 0.46% in 2021. Farm tax returns reflect the sector's economic contribution and can suggest trends in local agricultural viability. This matters for potential investors, property developers, and residents as it offers insights into the area's agricultural stability and economic health.
Number of Mortgages by Occupancy Type in Martin County, FL Over the Last 5 Years in Martin County
The number of mortgages for principal residences in Martin County, Florida has shown significant fluctuation, peaking at 14,165 in 2021 before falling to 8,460 in 2022. Investment property mortgages remained consistently lower, ranging from 350 in 2019 to 578 in 2021. Second residence mortgages also varied, from a low of 479 in 2022 to a high of 980 in 2021. Shifts in the occupancy type of mortgages could impact everything from property values to demand for local services. For investors, changes hint at economic stability and potential rental income. Future residents might view these trends as indicators of neighborhood dynamics and lifestyle appeal. Appraisers and insurance agents might use these shifts to better assess property risks and values. For real estate agents and developers, such data is crucial for targeting the right markets and planning new projects effectively.
Economic Outlook
Martin County, Florida, has seen a dramatic rise in average taxable income per tax return over the past nine years, from $86,963.46 in 2013 to $181,302.70 in 2021, reflecting strong economic growth. This surge in income correlates with a significant increase in state and local income taxes, which jumped from $24,827.47 in 2012 to $62,764.97 in 2021, potentially influencing overall cost of living. On the positive side, the percentage of residents living under the poverty line has decreased from... Read more
Average Taxable Income per Tax Return in Martin County, FL over the last 9 years
Over the past nine years, Martin County, FL has seen a significant upward trend in average taxable income per tax return, soaring from $86,963.46 in 2013 to an impressive $181,302.70 in 2021. This increase illustrates a noteworthy economic growth in the area, potentially signaling a robust environment for investment, property development, and relocation. Higher average taxable incomes often correlate with enhanced local amenities, better infrastructure, and an overall rise in living standards, making Martin County an increasingly attractive destination.
Average State and Local Income Taxes Per Tax Return in Martin County, FL Over the Last 10 Years
Martin County, Florida has seen a significant rise in average state and local income taxes per tax return over the last decade, jumping from around $24,827.47 in 2012 to $62,764.97 in 2021. This spike, particularly notable post-2017, could indicate an increase in taxable income or changes in tax policies. Investors and potential homeowners should be aware that while the area might offer lucrative opportunities, the tax landscape has shifted considerably, impacting overall cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Martin County, FL Over the Last 10 Years
Over the past decade, Martin County, Florida has experienced a significant increase in the average total tax liability per tax return, rising from $23,548.59 in 2012 to $44,220.77 in 2021. This upward trend highlights the county’s growing economic affluence, suggesting a rise in both income levels and possibly asset values. For investors and potential residents, this indicates a thriving local economy, but it also warrants consideration of the higher tax implications when planning financial commitments.
Cost of Living in Martin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,892 | $1,769 | $1,911 | $1,705 | $1,400 |
| 1 adult 4 children | $1,892 | $1,445 | $1,462 | $1,705 | $1,535 |
| 2 adults 3 children | $1,892 | $1,446 | $1,659 | $1,705 | $1,150 |
| 1 adult 3 children | $1,892 | $1,180 | $1,209 | $1,705 | $1,296 |
| 2 adults 2 children | $1,401 | $1,183 | $1,406 | $1,465 | $884 |
| 1 adult 2 children | $1,401 | $884 | $956 | $1,465 | $882 |
| 2 adults 1 child | $1,401 | $935 | $1,153 | $684 | $765 |
| 1 adult 1 child | $1,401 | $604 | $703 | $684 | $656 |
| 2 adults | $1,115 | $751 | $900 | $0 | $630 |
| 1 adult | $1,108 | $410 | $450 | $0 | $553 |
Safety trends & Data
Over the past two years, Martin County, Florida, has seen some interesting shifts in property crime trends. Burglary incidents slightly increased from 64 in 2019 to 73 in 2020, while larceny-theft cases fell from 285 to 210. Motor vehicle thefts remained steady at 55 each year. Meanwhile, fraud cases had a marginal uptick from 80 to 86, but forgery and counterfeiting cases dropped significantly from 10 to just 2. These nuances in crime statistics can be critical for real estate professionals... Read more
Property Crime Trends in Martin County, FL Over the Last 2 Years
Martin County, Florida has seen a fluctuating trend in property crimes over the past two years. Notably, burglary incidents slightly increased from 64 in 2019 to 73 in 2020, while larceny-theft cases dropped from 285 to 210 during the same period. Motor vehicle thefts remained constant at 55 cases each year. Fraud cases showed a marginal rise from 80 in 2019 to 86 in 2020. Meanwhile, crimes like forgery and counterfeiting saw a significant decrease, dropping from 10 cases in 2019 to just 2 in 2020. Trends like these can be pivotal for real estate agents, appraisers, and insurance agents assessing risk and property value, as well as for potential investors and residents weighing the safety of the area.
Demographics
Martin County, Florida's adult demographic trends highlight a slightly higher female population compared to males. Educational attainment is varied, with a significant portion of adults having completed high school or some college, and a notable number holding bachelor's or graduate degrees. Age distribution shows a considerable older adult population, particularly those aged 55 and above, outnumbering younger age groups. The racial makeup is predominantly white, with smaller representations of... Read more
Race Distribution in Martin County, Florida (2022)
Educational Attainment in Martin County, Florida (2022)
Age Distribution in Martin County, Florida
Citizen Population in Martin County, Florida (2022)
Political Trends & Data
Martin County, Florida exhibits a strong Republican preference based on the 2020 U.S. Presidential Election, likely mirroring its conservative population. Support for Democrats was relatively low, with minor figures for Libertarian and Green parties, suggesting third-party candidates have little sway in local political dynamics. This trend might shape future political tactics and policy agendas in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Martin County in Florida showed a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, which possibly reflects the county's conservative demographic. Democrat support appears notably lower, while votes for Libertarian and Green parties were quite minimal, likely indicating limited impact from third-party candidates. This voting pattern might influence future political strategies and policy priorities in the region.
61.96% of voters voted for the Republican party in the 2020 Presidential Election
37.37% of voters voted for the Democrat party in the 2020 Presidential Election
0.45% 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
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Martin County, Florida saw its student-to-teacher ratio increase from 13 to over 16 students per teacher, peaking at nearly 16.20 in 2021. This surpasses the national average of 14, potentially influencing school quality, property values, and housing demand. Real estate agents, prospective investors, and families might find this data useful when evaluating the area's attractiveness, while appraisers and insurance agents could consider these ratios for assessing long-term... Read more
Student-to-teacher ratio in Martin County, Florida over the last 10 years
Over the last decade, Martin County, Florida has experienced some fluctuation in its student-to-teacher ratio, rising from 13 students per teacher in 2014 to over 16 students per teacher in 2023. This trend, which peaks at nearly 16.2 in 2021, surpasses the current national average of 14 students per teacher. Prospective investors, real estate agents, and families considering relocating to Martin County will find this information particularly relevant, as higher student-to-teacher ratios could potentially impact school quality, property values, and demand for housing. Similarly, appraisers and insurance agents might consider these ratios when assessing the neighborhood's long-term viability and risk.
