Putnam County Real Estate and Livability Trends
Putnam County, Florida's real estate market showcases notable gains, with median home values rising from $85,500 in 2015 to $125,700 in 2022, providing an affordable yet appreciating option against statewide and national trends. Increasing real estate taxes, alongside growing investment in local infrastructure, hint at enhancing property values. Interestingly, a significant uptake in residential... Read more
Putnam County Market Trends
Putnam County, Florida has seen its median home values climb from $85,500 in 2015 to $125,700 in 2022, a noticeably slower rate than statewide and national averages, making it an appealing option for those seeking more affordable real estate. The steady increase in real estate taxes, from $2,685.88 in 2012 to $4,656.25 in 2021, could reflect growing investment in local infrastructure and rising... Read more
Median Value of Occupied Housing Units in Putnam County, Florida Over the Last 8 Years
Putnam County, Florida's median home values have lagged behind both state and national averages. From $85,500 in 2015 to $125,700 in 2022, Putnam County saw a more gradual increase compared to Florida's jump from $159,000 to $292,200 and the national rise from $125,500 to $179,400. This slower growth might present a unique opportunity for investors looking for more affordable real estate options in Florida. For prospective homeowners or builders, Putnam County offers less expensive initial investments while still benefiting from statewide property value appreciation trends.
Residential Energy Tax Credit Per Tax Return in Putnam County, FL Over the Last 9 Years
Over the past nine years, residential energy tax credits in Putnam County, Florida have shown remarkable growth, peaking significantly at $1,971.43 in 2018 with noticeable fluctuations thereafter. This upward trend indicates increasing adoption of energy-efficient solutions among homeowners, which can enhance property values and offer long-term savings. Investors and potential residents will find the proactive stance on energy efficiency appealing, as it promises a community committed to sustainable living and cost-effective homeownership.
Average Real Estate Taxes Per Tax Return in Putnam County, FL Over the Last 10 Years
Over the last decade, Putnam County, Florida has seen a noticeable increase in average real estate taxes per tax return, starting from $2,685.88 in 2012 and rising to $4,656.25 in 2021. The trajectory shows a mostly steady rise with a significant jump between 2017 and 2018, when taxes increased from $3,381.64 to $4,390.24. This upward trend may indicate a growing investment in local infrastructure or rising property values, which are critical factors for prospective investors, homeowners, and developers to consider.
Percentage of Farm Returns in Putnam County, FL Over the Last 10 Years
The percentage of farm tax returns in Putnam County, Florida has shown a slight overall decrease over the past decade. From a peak of approximately 1.49% in 2013 to about 0.95% in 2021, the fluctuating figures indicate some level of variability in agricultural economic activity. Farm tax returns typically reflect the income reported by farms, serving as a barometer for the agricultural sector’s health. For investors, builders, or prospective residents, this trend might suggest a stabilizing but not necessarily growing agricultural economy, impacting decisions related to land use, development, and local business opportunities.
Number of Mortgages by Occupancy Type in Putnam County, FL Over the Last 5 Years in Putnam County
Over the past five years, Putnam County, Florida, has shown a considerable increase in mortgages for principal residences, peaking in 2021 before a slight drop in 2022. Meanwhile, investment property mortgages have risen gradually, and second residence loans have fluctuated but remained relatively stable. Shifts in occupancy types can signal broader economic trends, such as an influx of residents seeking permanent homes, which might boost local commerce and infrastructure. For investors and real estate agents, the growing demand for principal residences could indicate a robust housing market, whereas relatively stable interest in second homes and investment properties might appeal to those exploring diverse real estate portfolios. Appraisers and insurance agents can leverage these trends to assess property values and insurance risks more accurately.
Economic Outlook
Putnam County, Florida's real estate market is showing promising signs of economic growth, mirrored by rising average taxable incomes, which have jumped from $36,258.88 in 2013 to $49,963.72 in 2021. The erratic pattern of state and local income taxes, stabilizing near $5,900.00, points to a variable but improving fiscal landscape. Total tax liabilities have also significantly increased, suggesting growing wealth and intense economic activity, making it an attractive prospect for investors and... Read more
Average Taxable Income per Tax Return in Putnam County, FL over the last 9 years
In Putnam County, FL, the average taxable income per tax return has seen a steady increase over the past nine years, rising from $36,258.88 in 2013 to $49,963.72 in 2021. This upward trend signifies robust economic growth and could be a key indicator of rising living standards and potential investment opportunities in the region. For potential residents and businesses, these figures signal a growing and prospering community, which can translate into better infrastructure, services, and overall quality of life.
Average State and Local Income Taxes Per Tax Return in Putnam County, FL Over the Last 10 Years
In Putnam County, Florida, state and local income taxes per tax return have shown significant fluctuations over the past decade, peaking at $6,250.00 in 2020. Notably, there was a steep rise from $4,345.00 in 2012 to $5,175.00 in 2013, followed by a decline and rise pattern, stabilizing around the $5,900.00 mark in recent years. These trends can impact financial planning, investment decisions, and the overall economic landscape for both current and prospective residents and businesses.
Average Total Tax Liability Per Tax Return in Putnam County, FL Over the Last 10 Years
Over the past decade, Putnam County, Florida has seen a noticeable increase in the average total tax liability per tax return, rising from $4,976.06 in 2012 to $6,719.04 in 2021. This upward trajectory is particularly significant for potential investors and property developers, indicating an increase in overall wealth and economic activity in the area. By 2017, there was a marked spike to $6,047.89, showcasing an accelerated growth period, and although there were slight fluctuations in subsequent years, 2021 highlighted a substantial jump, reflecting likely economic resilience and potential for future growth.
Cost of Living in Putnam County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,059 | $1,420 | $2,056 | $992 | $759 |
| 1 adult 4 children | $1,059 | $1,159 | $1,575 | $992 | $782 |
| 2 adults 3 children | $1,059 | $1,160 | $1,783 | $992 | $574 |
| 1 adult 3 children | $1,059 | $947 | $1,301 | $992 | $561 |
| 2 adults 2 children | $826 | $949 | $1,510 | $863 | $523 |
| 1 adult 2 children | $826 | $709 | $1,028 | $863 | $439 |
| 2 adults 1 child | $826 | $750 | $1,237 | $447 | $527 |
| 1 adult 1 child | $826 | $485 | $755 | $447 | $419 |
| 2 adults | $628 | $603 | $964 | $0 | $475 |
| 1 adult | $623 | $329 | $482 | $0 | $414 |
Safety trends & Data
Putnam County, Florida, has seen a significant drop in property crime over the last three years, potentially boosting its appeal for investors and homebuyers. Burglary incidents plummeted from 76 in 2019 to 6 in 2022, and larceny-theft decreased from 358 to 88 during the same period. Declines in motor vehicle theft, fraud, and vandalism further suggest a safer community, which could positively impact real estate values and... Read more
Property Crime Trends in Putnam County, FL Over the Last 3 Years
Property crime in Putnam County, Florida, shows a notable decrease over the last three years. Burglary incidents dropped from 76 in 2019 to only 6 in 2022, while larceny-theft fell from 358 in 2019 to 88 in 2022. Motor vehicle theft and other crime categories like fraud and vandalism also declined significantly. This downward trend could make Putnam County more appealing to potential investors, builders, real estate agents, and those considering moving to or insuring properties in the area, indicating a potentially safer community environment.
Demographics
In Putnam County, Florida, the adult population skews slightly female, which could influence factors like healthcare and local policies. Educational attainment indicates a significant portion of adults have high school diplomas or some college experience but relatively fewer have attained higher degrees, hinting at potential areas for educational and workforce development. The age distribution shows a notable proportion of residents are in the 55 to 64 age bracket, suggesting a focus on... Read more
Race Distribution in Putnam County, Florida (2022)
Educational Attainment in Putnam County, Florida (2022)
Age Distribution in Putnam County, Florida
Citizen Population in Putnam County, Florida (2022)
Political Trends & Data
In Putnam County, Florida, the 2020 U.S. Presidential Election results showed approximately 70% of voters leaning towards the Republican party, hinting at a largely conservative electorate. With only around 29% backing the Democratic party and less than 1% for smaller factions, the political landscape is quite clearly skewed towards the right. This dominant conservative presence might influence local policies and community values, impacting the real estate market's appeal to different buyer... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Putnam County, Florida, the 2020 U.S. Presidential Election results suggested a strong leaning towards the Republican party, which garnered approximately 70% of the vote. The Democratic party appeared to capture nearly 29%, while smaller factions like the Libertarians and Greens seemingly had a minimal impact, each receiving less than 1% of the vote. This distribution possibly indicates a predominantly conservative electorate in the county.
70.15% of voters voted for the Republican party in the 2020 Presidential Election
28.94% of voters voted for the Democrat party in the 2020 Presidential Election
0.62% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Putnam County, Florida's student-to-teacher ratio has swung from fifteen in 2014 to over thirty in 2023, with significant year-over-year fluctuations. This notable disparity, especially when compared to the national average of fourteen, may raise concerns about educational outcomes and resource allocation. For potential investors and residents, these educational metrics are key indicators, potentially affecting property values and community desirability. Real estate and related professionals... Read more
Student-to-teacher ratio in Putnam County, Florida over the last 10 years
Putnam County, Florida has seen significant fluctuations in its student-to-teacher ratio over the past decade, with the ratio starting at roughly fifteen in 2014, peaking at over thirty in 2023, and varying year-over-year in between. This volatility matters to potential investors, residents, and education professionals because a higher student-to-teacher ratio often correlates with less individualized attention and potentially lower educational outcomes. Compared to the current national average of fourteen students per teacher, Putnam County's latest ratio more than doubles, indicating potential challenges in resource allocation, teacher recruitment, and overall quality of education. Real estate agents, appraisers, and insurance agents might also take note of this trend as it could impact property values, community desirability, and long-term population growth in the area.
