Georgia Real Estate and Livability Trends
Georgia's real estate market showcases an intriguing mix of economic stability and rising living costs. Average taxable income per tax return jumped from $55,129.17 in 2013 to $83,668.21 in 2021, paired with nearly doubled real estate taxes, increasing from $2,660.97 in 2012 to $5,054.06 in 2021. Median home values also saw a dramatic rise, from $148,100 in 2015 to $245,900 in 2022. The state’s... Read more
Georgia Market Trends
In Georgia, median home values have surged from $148,100 in 2015 to $245,900 in 2022, outpacing national trends and pointing to a dynamic property market. The state has also seen significant growth in residential energy tax credits, jumping from $354.25 in 2013 to $1,274.14 by 2021, with notable peaks in 2018 and 2021. Additionally, real estate taxes have nearly doubled over the past decade,... Read more
Median Value of Occupied Housing Units in Georgia Over the Last 8 Years
Over the past eight years, the median home values in Georgia have shown a consistent upward trend, with the value rising from $148,100 in 2015 to $245,900 in 2022. This growth significantly outpaces the national trend, where median home values increased from $125,500 to $179,400 over the same period. People looking to invest or move to Georgia might find the state's robust real estate market appealing compared to national averages, suggesting a more dynamic and possibly lucrative environment for property investment.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Georgia over the last 10 years
Active Loans 30-60 Days Past Due in Georgia over the last 10 years in Georgia
Perent of loans that are Active Loans 90-180 Days Past Due in Georgia over the last 10 years in Georgia
Residential Energy Tax Credit Per Tax Return in Georgia Over the Last 9 Years
Georgia's average residential energy tax credit per tax return has shown significant growth, skyrocketing from $354.25 in 2013 to $1,274.14 in 2021. Noteworthy spikes, particularly in 2018 and 2021, saw credits top $1,500.00 and $1,200.00 respectively, reflecting increased state incentives for energy-efficient home improvements. This trend points to a favorable policy environment for sustainable practices, making Georgia an attractive option for eco-conscious investors and property developers.
Average Real Estate Taxes Per Tax Return in Georgia Over the Last 10 Years
Average real estate taxes in Georgia have shown a consistent upward trend over the past decade, rising from approximately $2,660.97 in 2012 to around $5,054.06 by 2021. This translates to almost doubling in a ten-year span, reflecting both increased property values and potentially higher tax rates. This steady increase could impact decisions for potential investors, new residents, or developers, as it indicates a growing financial commitment in property ownership within the state. Real estate stakeholders should consider these tax implications when planning long-term investments in Georgia.
Percentage of Farm Returns in Georgia Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Georgia has shown a modest but steady decline from 1.10% in 2012 to around 0.96% in 2021. Farm tax returns, which are essentially the financial documentation farmers submit to report income, expenses, and overall profitability, are key indicators of agricultural health and viability. This trend might suggest evolving agricultural conditions or economic challenges that could impact decisions for potential investors, property developers, or new residents interested in the area’s farming dynamics.
Economic Outlook
Georgia's real estate market is reflecting broader economic trends, with average taxable income per tax return climbing from $55,129.17 in 2013 to $83,668.21 in 2021, signaling potential economic stability and growth opportunities. This financial uplift, coupled with a steady rise in state and local income taxes—from $5,850.08 in 2012 to $12,005.16 in 2021—highlights an evolving fiscal landscape and increased living costs. Additionally, the total tax liability has surged, hitting $15,649.73... Read more
Average Taxable Income per Tax Return in Georgia over the last 9 years
There's been a notable upward trend in the average taxable income per tax return in Georgia over the last nine years, increasing from around $55,129.17 in 2013 to approximately $83,668.21 in 2021. This rise suggests growing economic conditions, which could be appealing for investors and those considering relocating or building property in Georgia. The consistent yearly increases, especially the significant jump by 2021, indicate potential economic stability and opportunities for financial growth in the area.
Average State and Local Income Taxes Per Tax Return in Georgia Over the Last 10 Years
Over the past decade, Georgia has seen a notable rise in average state and local income taxes per tax return, increasing from $5,850.08 in 2012 to $12,005.16 in 2021. This steady growth, particularly marked from 2017 onward, underscores the state's evolving fiscal landscape, which impacts residents' disposable income and potentially influences decisions on property investment and relocation. For potential investors and residents, it's crucial to understand how this upward trend in taxation affects overall living costs and the financial attractiveness of settling or investing in Georgia.
Average Total Tax Liability Per Tax Return in Georgia Over the Last 10 Years
Over the past decade, Georgia's average total tax liability per tax return has seen a significant upward trajectory, starting at $9,894.81 in 2012 and climbing to $15,649.73 by 2021. Notable jumps include the surge from $11,020.22 in 2014 to $12,783.11 in 2017, and a marked increase in 2021. This steady rise is indicative of broader economic and fiscal shifts, which may be crucial for potential investors and current residents analyzing the economic landscape of the state.
Cost of Living in Georgia
Safety trends & Data
Property crime in Georgia has seen fluctuating trends over the past five years. Fraud incidents peaked at 27,470.00 in 2018 before dipping and resurging to 14,236.00 in 2022. Forgery and Counterfeiting notably rose to 4,395.00 in 2022, while Motor Vehicle Theft dropped significantly from 214.00 in 2018 to just 56.00 in 2022. These variable trends may reflect shifts in policing focus or economic conditions, making them crucial for investors, insurers, and residents evaluating property... Read more
Property Crime Trends in Georgia Over the Last 5 Years
Property crime in Georgia over the past five years has shown variable trends, with notable declines in some areas while others remain persistently high. Fraud consistently reports the highest numbers, peaking at 27,470.00 in 2018 before dipping and then resurging to 14,236.00 in 2022. Embezzlement and Forgery and Counterfeiting also exhibit significant incidents, with the latter rising to 4,395.00 in 2022 from its previous lows. Arson and Vandalism rates appear fluctuating but remain concerning. Interestingly, Motor Vehicle Theft has significantly dropped, plunging from 214.00 in 2018 to just 56.00 in 2022. These patterns may indicate shifts in policing focus or economic conditions, and they are crucial for investors, insurers, and residents to consider when evaluating the security and economic feasibility of property investment in the area.
Demographics
Georgia's adult population skews slightly female with about 4002012 women compared to 3684547 men, revealing potential demographic shifts. In terms of education, nearly half (48.70%) of adults have at least an associate's degree, emphasizing the state's rising educational levels. The age distribution shows a youthful tilt, with significant portions under 34 years, potentially driving up demand for services targeted at younger demographics. Racially, the state is predominantly White and Black or... Read more
Race Distribution in Georgia (2022)
Educational Attainment in Georgia (2022)
Age Distribution in Georgia
Citizen Population in Georgia (2022)
Political Trends & Data
In Georgia's 2020 U.S. Presidential Election, both the Republican and Democrat parties appeared to have closely matched support, each capturing approximately 12.3% of the vote. This near parity might suggest a closely contested political environment within the state. The Libertarian party's minimal share hinted at a relatively low influence of third-party candidates, with even smaller impacts from the Green party and other minor... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Georgia, the 2020 U.S. Presidential Election vote distribution seemed relatively balanced between the Republican and Democrat parties, both hovering around 12.3%. The Libertarian party had a much smaller share, possibly indicating limited third-party influence in the state. The Green party and other categories didn't seem to make a significant impact.
12.31% of voters voted for the Republican party in the 2020 Presidential Election
12.38% of voters voted for the Democrat party in the 2020 Presidential Election
0.31% of voters voted for the Libertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Georgia has steadily decreased over the last decade, from nearly 24 in 2014 to just under 14 in 2023. This trend suggests ongoing improvements in classroom size, potentially enhancing student attention and educational outcomes. It might indicate increased funding and resources, making the area more attractive for families. For real estate investors and agents, a lower ratio can serve as a strong selling point, reflecting a commitment to quality education and... Read more
Student-to-teacher ratio in Georgia over the last 10 years
The student-to-teacher ratio in Georgia has steadily decreased over the last decade, starting at nearly 24 in 2014 and reaching just under 14 in 2023. This consistent reduction highlights ongoing improvements in classroom size, which could enhance individual student attention and educational outcomes. It may also indicate increased funding and resource allocation to schools, making the area potentially more attractive for families considering a move. For investors and real estate agents, a lower ratio can serve as a selling point, reflecting a commitment to quality education. Appraisers and insurance agents might see this as an indicator of community development and stability, factors that can influence property values and risk assessments.
