Union County Real Estate and Livability Trends
Union County, Florida has seen a striking rise in median home values from $87,500 in 2015 to $146,200 in 2022, remaining a more budget-friendly option compared to the state's median of $292,200. The county's economic landscape shows significant variability in average taxable income and tax liabilities, suggesting a climate of economic flux that could influence investment and property decisions.... Read more
Union County Market Trends
Union County, Florida has seen its median home values rise from $87,500 in 2015 to $146,200 in 2022, but it still offers a more affordable entry point compared to the state's median of $292,200. This affordability could attract value-focused investors eyeing future growth potential. Residential energy tax credits have fluctuated, peaking at $1,550 in 2019 and suggesting evolving policies and... Read more
Median Value of Occupied Housing Units in Union County, Florida Over the Last 8 Years
Union County, Florida has shown a consistent increase in median home values over the past eight years, reaching $146,200 in 2022 from $87,500 in 2015. This growth, although significant, remains substantially lower compared to both the state of Florida, where the median has jumped to $292,200, and the national median of $179,400 in the same year. For those considering investing in Union County, the lower median values might present a more affordable entry point, particularly when juxtaposed against Florida's overall housing market. This disparity could suggest potential for future growth, making Union County an attractive option for value-driven investors or new homeowners seeking more affordable markets within the state.
Residential Energy Tax Credit Per Tax Return in Union County, FL Over the Last 7 Years
Union County, Florida has seen substantial fluctuation in residential energy tax credits per tax return over the past seven years, with a significant spike in 2019 reaching $1,550.00. After this peak, the average credit dropped to $1,000.00 in 2020 but bounced back to $1,320.00 in 2021. The earlier years from 2013 to 2016 saw more modest averages around $360.00 to $400.00. These variations suggest evolving policies and possibly increased investments in energy-efficient home improvements, making it an intriguing area for homeowners interested in energy savings and related incentives.
Average Real Estate Taxes Per Tax Return in Union County, FL Over the Last 10 Years
Union County, Florida has seen a significant rise in average real estate taxes per tax return over the past decade. Starting at $2,033.33 in 2012, the amount increased consistently, peaking at $3,744.44 in 2020 before slightly decreasing to $3,240.00 in 2021. This upward trend likely indicates rising property values and potentially reflects the county's growing attractiveness for investment and development. It's a noteworthy trend for investors and anyone considering relocation, as it suggests an expanding local economy and potential for future opportunities.
Percentage of Farm Returns in Union County, FL Over the Last 10 Years
Farm tax returns in Union County, Florida, have shown fluctuations over the past decade. They peaked at approximately 5.69% in 2012 before declining to around 3.98% in 2020, with a slight rebound to roughly 4.82% in 2021. Farm tax returns offer a glimpse into the agricultural economy's health, reflecting both the number of active farms and their financial viability. This insight is valuable for potential investors, property developers, and residents interested in the county's agricultural trends and economic resilience. The data indicates potential areas for investment or improvement in the local farming infrastructure.
Number of Mortgages by Occupancy Type in Union County, FL Over the Last 5 Years in Union County
Union County, Florida, has shown notable mortgage trends over the last five years, especially in the segment for principal residences, where the number increased from 379 in 2019 to a high of 573 in 2021 before seeing a drop to 494 in 2022. Mortgages for investment properties have remained relatively stable yet low, staying between 4 and 9. Meanwhile, second residences have seen minimal fluctuations with numbers generally staying single-digit. These trends hint that Union County might appeal more to long-term homeowners rather than investors or those seeking vacation properties. Investors and real estate professionals need to consider the relatively stable but low investment property mortgages, which could suggest either limited market opportunities or a stable market with less competition. For those moving to or currently living in Union County, the high number of principal residence mortgages indicates a strong residential community, potentially impacting property values and neighborhood dynamics. Appraisers and insurance agents should take note of these trends to better assess risk and value when planning their strategies.
Economic Outlook
Union County, FL has experienced significant fluctuations in average taxable income per tax return over the past nine years, with noteworthy peaks in 2017 ($46,363.98) and 2021 ($51,839.80). These shifts underscore a dynamic economic landscape that could influence investment and property development decisions. Additionally, the average total tax liability per tax return has shown variability, peaking in 2013 ($6,227.27) and 2021 ($6,228.47), with a notable dip in 2019 to $5,274.77, suggesting... Read more
Average Taxable Income per Tax Return in Union County, FL over the last 9 years
Union County, FL has seen significant fluctuations in average taxable income per tax return over the past nine years, with notable peaks in 2017 ($46,363.98) and 2021 ($51,839.80). This variability indicates a dynamic economic landscape, which can affect decisions related to investments and property development. For prospective movers and investors, understanding these income trends is crucial for assessing economic stability and growth prospects in the area.
Average Total Tax Liability Per Tax Return in Union County, FL Over the Last 10 Years
Over the past decade, Union County, Florida has seen fluctuations in average total tax liability per tax return. Notable peaks in 2013 ($6227.27) and 2021 ($6228.47) suggest periods of higher economic activity or income levels. Conversely, the dip in 2019 to $5274.77 could indicate an economic downturn or changes in tax policy. Understanding these trends is crucial for potential investors, builders, and residents who need to navigate the financial implications of settling in the area.
Cost of Living in Union County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,359 | $2,580 | $1,036 | $885 |
| 1 adult 4 children | $1,005 | $1,110 | $1,979 | $1,036 | $910 |
| 2 adults 3 children | $1,005 | $1,110 | $2,235 | $1,036 | $671 |
| 1 adult 3 children | $1,005 | $907 | $1,634 | $1,036 | $668 |
| 2 adults 2 children | $826 | $909 | $1,891 | $904 | $610 |
| 1 adult 2 children | $826 | $679 | $1,290 | $904 | $520 |
| 2 adults 1 child | $826 | $718 | $1,546 | $475 | $596 |
| 1 adult 1 child | $826 | $464 | $945 | $475 | $466 |
| 2 adults | $710 | $577 | $1,202 | $0 | $544 |
| 1 adult | $706 | $315 | $601 | $0 | $462 |
Safety trends & Data
Union County, Florida has experienced varying trends in property crime lately. Burglaries saw a slight uptick, growing from 13 in 2019 to 17 in 2020, while larceny-theft significantly dropped from 33 to 18 incidents in the same period. Motor vehicle thefts stayed fairly steady, with a minor increase from 2 to 3 cases. Notably, 2020 introduced a new crime category with 2 reported incidents of stolen property. These dynamics could be key for potential investors and developers assessing the area's... Read more
Property Crime Trends in Union County, FL Over the Last 2 Years
Union County, Florida has seen some fluctuating trends in property crime over the past two years. Notably, there was a slight increase in burglaries, climbing from 13 in 2019 to 17 in 2020. Larceny-theft, however, saw a significant decline from 33 incidents in 2019 to 18 in 2020. Motor vehicle thefts remained relatively stable, with just a minor increase from 2 to 3 cases. New categories of crime such as stolen property emerged in 2020 with 2 reported incidents, highlighting a shift in criminal activity. Understanding these dynamics is crucial for prospective investors, property developers, and residents in making informed decisions about the area's safety and developmental potential.
Demographics
Union County, Florida's adult population skews significantly male, with men far outnumbering women. Educational attainment shows that a substantial portion of residents have high school diplomas, while those with bachelor's or higher degrees are less common. Age distribution highlights a relatively balanced mix, but adults in the 25 to 34 range form a noticeable bulge. Racial composition is predominantly white, with African Americans being the largest minority group, and minimal representation... Read more
Race Distribution in Union County, Florida (2022)
Educational Attainment in Union County, Florida (2022)
Age Distribution in Union County, Florida
Citizen Population in Union County, Florida (2022)
Political Trends & Data
Union County, Florida, shows strong Republican leanings, with about 82% of voters supporting the Republican party in the 2020 U.S. Presidential Election. The Democratic party obtained roughly 17% of the votes, while minor parties such as the Libertarian and Green parties had minimal impact. These trends hint at a deeper, possibly widespread conservative inclination in rural Floridian... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Union County, Florida, saw an overwhelming majority of voters supporting the Republican party in the 2020 U.S. Presidential Election, with around 82% of votes. The Democratic party garnered significantly less, with approximately 17%. Minor parties like the Libertarian and Green parties received negligible support, potentially indicating limited influence in this region. These figures might reflect broader political leanings within rural Floridian counties, where conservative values are often prevalent.
82.19% of voters voted for the Republican party in the 2020 Presidential Election
16.86% of voters voted for the Democrat party in the 2020 Presidential Election
0.67% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
0.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
Union County, Florida's student-to-teacher ratio has seen notable shifts over the past decade, influencing its educational landscape and possibly real estate dynamics. While the ratio hit a peak of nearly 24 students per teacher in 2019, it has since steadied around 16 students per teacher in 2023. Such fluctuations might signal potential challenges in educational quality and resource allocation, impacting decisions of investors, residents, and educational professionals and ultimately affecting... Read more
Student-to-teacher ratio in Union County, Florida over the last 10 years
Union County, Florida has experienced significant fluctuations in its student-to-teacher ratio over the past decade. While it started at a favorable ratio of approximately 12 students per teacher in 2014, similar to the national average of 14, a dramatic spike was observed in 2019, reaching nearly 24 students per teacher. This ratio has somewhat stabilized in recent years, landing around 16 students per teacher as of 2023. These changes could impact decisions for potential investors, residents, and educational professionals, since higher student-to-teacher ratios might suggest potential strains on educational quality and resources, affecting community appeal and property values.
