Pasco County Real Estate and Livability Trends
In Pasco County, Florida, real estate market trends reveal significant home value appreciation, with median values climbing from $117,800 in 2015 to $233,600 in 2022, potentially making it a ripe opportunity for investors. This growth accompanies a notable increase in average taxable income, suggesting stronger financial health among residents. However, rising state and local taxes, hitting... Read more
Pasco County Market Trends
In Pasco County, Florida, median home values surged from $117,800 in 2015 to $233,600 in 2022, outstripping both the national and state median value increases. This strong appreciation suggests an appealing real estate investment climate with notable growth potential. The average residential energy tax credit in the county also climbed significantly, indicating a rising interest in... Read more
Median Value of Occupied Housing Units in Pasco County, Florida Over the Last 8 Years
In Pasco County, Florida, median home values have nearly doubled over the past eight years, soaring from $117,800 in 2015 to $233,600 by 2022. This rapid appreciation outpaces both the national median value, which increased from $125,500 to $179,400, and Florida's state median, which grew from $159,000 to $292,200 in the same period. For investors and homebuyers, this suggests a thriving real estate market in Pasco County with compelling growth potential compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Pasco County, FL Over the Last 9 Years
Pasco County, Florida, has seen a significant increase in residential energy tax credits over the past nine years. Starting from just $435.51 in 2013, the average credit per tax return surged to $2,347.25 by 2021. Notably, 2018 marked a peak with $3,605.92. This trend underscores a growing investment in energy efficiency and renewable energy solutions in the residential sector, highlighting the county's commitment to sustainable living and potential savings for homeowners.
Average Real Estate Taxes Per Tax Return in Pasco County, FL Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Pasco County, Florida have shown a steady upward trend, with a remarkable increase from $2,805.33 in 2012 to $5,752.71 in 2021. This sharp increase, particularly noticeable post-2017, may hint at rising property values and a potentially burgeoning real estate market. For prospective investors or those considering relocating, these escalating taxes could be indicative of growing economic development and increased public services within the county. However, it's essential to weigh these rising costs against potential returns or lifestyle improvements when assessing the overall appeal of investing or residing in Pasco County.
Percentage of Farm Returns in Pasco County, FL Over the Last 10 Years
Farm tax returns in Pasco County, Florida, have experienced a general decline over the past decade. In 2012, the percentage of farm returns was approximately 0.39%, which steadily decreased to about 0.24% by 2021. This downward trend suggests a potential reduction in agricultural activity or profitability, which could be a significant data point for investors, property developers, and residents interested in the economic landscape and opportunities within the county.
Number of Mortgages by Occupancy Type in Pasco County, FL Over the Last 5 Years in Pasco County
Pasco County, Florida has seen consistent growth in the number of mortgages for principal residences over the past five years, with a particularly noticeable jump from 2018 to 2021 before a slight dip in 2022. While investment property mortgages have also grown, the numbers remain relatively modest in comparison. Second residence mortgages vary but generally maintain lower figures. Shifts in occupancy type significantly impact various stakeholders: investors might see rising demand for rental properties, appraisers and insurance agents need to account for fluctuating market values and risks, and real estate agents can tailor their services to a growing population prioritizing home ownership. For those planning to build property, understanding these trends aids in targeting the right type of occupancy to maximize returns.
Economic Outlook
Pasco County, Florida has witnessed a notable increase in average taxable income per tax return, climbing from $48,266.38 in 2013 to $69,790.67 in 2021. This rise suggests strong financial health, possibly indicating higher property values. However, the county also experienced a significant jump in average state and local income taxes, peaking at $12,356.78 in 2021, potentially impacting residents' disposable income. Additionally, the average total tax liability per return rose to $10,745.26 in... Read more
Average Taxable Income per Tax Return in Pasco County, FL over the last 9 years
Pasco County, FL has seen a steady climb in average taxable income per tax return over the past nine years, jumping from $48,266.38 in 2013 to $69,790.67 in 2021. This consistent growth underscores a thriving economic atmosphere, making it an attractive locale for potential investors and homebuyers. The nearly $21,000 uptick indicates robust financial health and suggests increasing property values, appealing to those looking to build or invest in the area.
Average State and Local Income Taxes Per Tax Return in Pasco County, FL Over the Last 10 Years
Pasco County, Florida, has experienced significant fluctuations in average state and local income taxes per tax return over the past decade, peaking at $12,356.78 in 2021. This sharp increase, especially from 2018 onwards, suggests a rising financial burden on residents and signals a potential consideration for those looking to invest or reside in the area. The trend may reflect broader economic developments or policy changes that could influence decision-making for homeowners and investors alike.
Average Total Tax Liability Per Tax Return in Pasco County, FL Over the Last 10 Years
Over the past decade, Pasco County, Florida has seen notable increases in average total tax liability per tax return, starting at $7,173.65 in 2012 and reaching $10,745.26 by 2021. This upward trend underscores a growing tax burden on residents, which could influence decisions for potential investors, property developers, and those considering moving to the area. The sharp rise, particularly from 2020 to 2021, might reflect changes in local economic conditions or policy adjustments, essential factors to weigh for anyone financially tied to the county.
Cost of Living in Pasco County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,008 | $1,584 | $1,924 | $1,495 | $1,304 |
| 1 adult 4 children | $2,008 | $1,294 | $1,471 | $1,495 | $1,448 |
| 2 adults 3 children | $2,008 | $1,294 | $1,669 | $1,495 | $1,075 |
| 1 adult 3 children | $2,008 | $1,057 | $1,216 | $1,495 | $1,223 |
| 2 adults 2 children | $1,569 | $1,060 | $1,415 | $1,313 | $863 |
| 1 adult 2 children | $1,569 | $791 | $962 | $1,313 | $889 |
| 2 adults 1 child | $1,569 | $837 | $1,160 | $719 | $806 |
| 1 adult 1 child | $1,569 | $541 | $707 | $719 | $707 |
| 2 adults | $1,306 | $673 | $905 | $0 | $663 |
| 1 adult | $1,221 | $367 | $453 | $0 | $573 |
Safety trends & Data
Pasco County, Florida, has experienced varying property crime trends over the last two years. A significant drop in larceny-theft cases from 1980 in 2019 to 1352 in 2020 suggests improved security measures or shifting criminal activities. Conversely, arson cases increased from 14 to 23, potentially indicating a need for better community vigilance. For investors and real estate agents, these changes underscore the importance of being informed about local crime stats due to their direct impact on... Read more
Property Crime Trends in Pasco County, FL Over the Last 2 Years
Pasco County, Florida, has seen a mix of trends in property crime over the last two years. A notable decrease in larceny-theft, with cases falling from 1980 in 2019 to 1352 in 2020, may suggest improving security measures or shifting criminal activities. However, some categories like arson saw an increase, rising from 14 to 23 cases, potentially indicating a need for enhanced community vigilance. For investors and real estate agents, these fluctuations highlight the importance of staying informed about local crime rates, as they directly impact property values and marketability. Insurance agents should also take note, as changing crime stats could influence policy rates and risk assessments.
Demographics
In Pasco County, Florida, the adult population shows a slight female majority. Educational attainment reveals a diverse range, with the most significant portion of residents having graduated high school or attended some college without earning a degree. Age distribution points to a balanced spread across different age groups with a noteworthy number in middle-aged and senior categories. The racial composition is predominantly White, with smaller percentages of African American, Asian, and other... Read more
Race Distribution in Pasco County, Florida (2022)
Educational Attainment in Pasco County, Florida (2022)
Age Distribution in Pasco County, Florida
Citizen Population in Pasco County, Florida (2022)
Political Trends & Data
Pasco County, Florida, exhibited a strong conservative preference in the recent presidential election, with nearly 60% of votes going to the Republican candidate. While the Democratic party captured around 40%, third parties like the Libertarian and Green parties barely registered, implying a predominantly two-party system but hinting at some voter dissatisfaction. This electoral pattern might serve as an indicator of the community's political climate and could influence future local and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pasco County in Florida showed a significant leaning towards the Republican party, with just under 60% of the vote. The Democratic party garnered close to 40%, while the Libertarian and Green parties barely made a dent. This trend may point to a strong conservative base in the area, although the presence of third parties, albeit minimal, could suggest some level of dissatisfaction with the two main parties.
59.48% of voters voted for the Republican party in the 2020 Presidential Election
39.43% of voters voted for the Democrat party in the 2020 Presidential Election
0.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pasco County, Florida has seen its student-to-teacher ratio rise from about 13 to over 17 students per teacher from the mid-2010s to 2023. This surpasses the national average of 14 students per teacher and could highlight growing population pressures and school capacity issues. It's a critical flag for investors, developers, and real estate agents, suggesting potential impacts on home values and insurance risks. For homebuyers, this could also mean varying education quality, contributing to... Read more
Student-to-teacher ratio in Pasco County, Florida over the last 10 years
Over the last decade, Pasco County, Florida has experienced a steady increase in its student-to-teacher ratio, with numbers rising from roughly 13 students per teacher in the mid-2010s to over 17 students per teacher by 2023. This trend is becoming increasingly significant as it crosses the national average of 14 students per teacher. For investors, developers, and real estate agents, an increasing student-to-teacher ratio might signal growing population pressures and potential issues with school capacity. Homebuyers should consider these figures as they may impact the quality of education their children receive. Appraisers and insurance agents might find this data indicative of broader population growth trends, influencing property values and risk assessments. Overall, the data suggests a shifting educational landscape that could have a range of implications for various stakeholders in the region.
