Chatham County Real Estate and Livability Trends
Chatham County, Georgia's real estate market has been on an upswing, with median home values jumping from $214,900 in 2021 to $256,400 in 2022, outpacing both state and national figures. This trend, driven by high demand and limited supply, suggests potential strong returns for investors. Moreover, the rise in energy tax credits from $372.88 in 2013 to $1851.15 in 2021 reflects a move toward... Read more
Chatham County Market Trends
Chatham County, Georgia real estate has had quite a ride, especially with median home values spiking from $214,900 in 2021 to $256,400 in 2022, outpacing both state and national medians. Buyers looking at this market might see strong investment potential, bolstered by high demand and limited supply. Energy tax credits in the county have also surged, jumping from $372.88 in 2013 to $1851.15 by... Read more
Median Value of Occupied Housing Units in Chatham County, Georgia Over the Last 8 Years
Chatham County, Georgia has seen a consistent rise in median home values over the past eight years, with a particularly sharp increase from $214,900 in 2021 to $256,400 in 2022. This trajectory outpaces both the state and national figures, where Georgia's median value in 2022 reached $245,900 and the national median hit $179,400. For those eyeing real estate in Chatham County, this upward trend could signal strong investment potential, driven perhaps by growing demand and limited housing supply compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Chatham County, GA Over the Last 9 Years
Over the past nine years, Chatham County, Georgia, has experienced notable growth in the average residential energy tax credit per tax return. Starting at $372.88 in 2013, it surged to an impressive $1851.15 by 2021. The most significant jump occurred between 2017 and 2018, where the average credit more than doubled from $774.42 to $1603.03. This upward trend indicates a growing emphasis on energy-efficient home investments, making it an appealing market for those interested in sustainable living and property development in the region.
Average Real Estate Taxes Per Tax Return in Chatham County, GA Over the Last 10 Years
Over the past decade in Chatham County, Georgia, real estate taxes per tax return have increased markedly, rising from $3,098.25 in 2012 to $5,436.57 in 2021. This trend suggests a potential correlation with rising property values or changing tax policies. Despite some year-to-year variability, the general upward trajectory might indicate a stronger economic environment or increased demand for housing, making it a point of interest for investors and potential home buyers considering the area.
Percentage of Farm Returns in Chatham County, GA Over the Last 10 Years
Farm returns in Chatham County, Georgia have generally seen slight fluctuations over the last decade, hovering around 0.23%. This data hints at a relatively stable agricultural sector without significant growth or decline. Farm tax returns represent the annual financial declarations by farms within the county, reflecting their economic activity and sustainability. For potential investors or those considering property development, this stable trend could suggest a dependable yet modest sector that might offer opportunities for steady investments rather than rapid growth. It's useful for those looking to engage with the local agricultural market or support community farming initiatives.
Number of Mortgages by Occupancy Type in Chatham County, GA Over the Last 5 Years in Chatham County
Chatham County, Georgia has seen varying trends in mortgage counts by occupancy type over the past five years. Notably, principal residences consistently dominate the market, although there's a noticeable decline in their numbers from 2021 to 2022. Investment properties and second residences, while smaller segments, have shown interesting fluctuating patterns. Shifts in the distribution of mortgages among these occupancy types could indicate broader economic and demographic trends, influencing everything from property values to insurance risks. Investors, real estate agents, and prospective homeowners should pay attention to such changes, as they may impact market dynamics and property appraisals in the region.
Economic Outlook
Chatham County, Georgia has seen a notable uptick in average taxable income per tax return from $52,602.00 in 2013 to $78,611.23 by 2021, suggesting possible economic growth and increasing affluence. However, this rise is coupled with higher average state and local income taxes, climbing from $5,675.15 in 2012 to $10,987.06 in 2021. Simultaneously, average total tax liabilities have also increased from $9,526.81 in 2012 to $14,146.58 in 2021. Although poverty levels have fluctuated, a recent... Read more
Average Taxable Income per Tax Return in Chatham County, GA over the last 9 years
Chatham County, Georgia has witnessed an upward trend in average taxable income per tax return over the past nine years, suggesting potential economic growth and increasing affluence in the area. While 2013 saw average taxable incomes around $52,602.00, this figure climbed significantly to $78,611.23 by 2021. Such an increase, peaking notably between 2019 and 2021, could imply improved job opportunities, rising property values, and a stronger local economy, making Chatham County an attractive prospect for investors and new residents alike.
Average State and Local Income Taxes Per Tax Return in Chatham County, GA Over the Last 10 Years
Chatham County, Georgia, has seen a notable rise in average state and local income taxes per tax return over the past decade. Starting from $5,675.15 in 2012, taxes have consistently increased, reaching $10,987.06 by 2021. This steady upward trend indicates a growing tax burden, which potential investors and residents should consider in their financial planning and property investments in the area.
Average Total Tax Liability Per Tax Return in Chatham County, GA Over the Last 10 Years
Over the past decade, Chatham County, Georgia has seen a significant rise in average total tax liability per tax return. Starting at $9,526.81 in 2012, the amount fluctuated, experiencing a notable high of $14,146.58 in 2021. This increase indicates a growing financial burden or increasing incomes within the area. For potential investors or new residents, these figures highlight shifting economic dynamics and the importance of factoring in tax liabilities when considering financial planning or moving.
Cost of Living in Chatham County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,712 | $1,564 | $1,846 | $1,313 | $1,544 |
| 1 adult 4 children | $1,712 | $1,278 | $1,411 | $1,313 | $1,656 |
| 2 adults 3 children | $1,712 | $1,278 | $1,602 | $1,313 | $1,303 |
| 1 adult 3 children | $1,712 | $1,043 | $1,167 | $1,313 | $1,415 |
| 2 adults 2 children | $1,254 | $1,046 | $1,358 | $1,148 | $1,016 |
| 1 adult 2 children | $1,254 | $781 | $923 | $1,148 | $1,005 |
| 2 adults 1 child | $1,254 | $827 | $1,114 | $614 | $948 |
| 1 adult 1 child | $1,254 | $534 | $679 | $614 | $799 |
| 2 adults | $1,110 | $664 | $870 | $0 | $798 |
| 1 adult | $1,029 | $362 | $435 | $0 | $675 |
Safety trends & Data
Property crime in Chatham County, Georgia has seen considerable fluctuations over the last five years, with notable drops in larceny-theft from 1,252 instances in 2018 to 495 in 2022, and burglary rates decreasing from 187 in 2018 to 81 in 2022. However, motor vehicle theft and arson have shown less consistent patterns, with recent concerning rises. These trends could hint at shifts in local law enforcement effectiveness and strategies, potentially impacting property investment choices,... Read more
Property Crime Trends in Chatham County, GA Over the Last 5 Years
Property crime in Chatham County, Georgia has seen considerable fluctuations over the last five years, with notable spikes and declines in various crime categories. Larceny-theft saw a significant drop from 1,252 instances in 2018 to 495 in 2022. Burglary rates have also decreased from 187 in 2018 to 81 in 2022. Motor vehicle theft and arson have shown less consistent patterns, with numbers varying each year but showing a concerning rise in recent years. These trends could suggest changing focuses and effectiveness in local law enforcement strategies, impacting decisions on property investments, insurance rates, and community safety initiatives.
Demographics
Chatham County, Georgia exhibits a balanced gender distribution, with females slightly outnumbering males. The area shows a varied educational attainment, with sizable segments having either a high school diploma or some college education but no degree. The population skews younger, with significant representation in the 25 to 34 age range, indicating potential workforce growth. Racial diversity is notable, with substantial white and Black or African American communities alongside smaller... Read more
Race Distribution in Chatham County, Georgia (2022)
Educational Attainment in Chatham County, Georgia (2022)
Age Distribution in Chatham County, Georgia
Citizen Population in Chatham County, Georgia (2022)
Political Trends & Data
In Chatham County, Georgia, the 2020 U.S. Presidential Election results hint at a Democratic lean, with Democrats potentially securing about 59% of the vote, leaving Republicans with around 40%. Libertarians made a minimal impact, capturing just over 1%. This Democratic preference may shape future political strategies and party investments, making the area a focal point for Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Chatham County, Georgia, the 2020 U.S. Presidential Election results show a lean towards the Democratic side with Democrats potentially securing around 59% of the votes, compared to Republicans at roughly 40%. Libertarians had a marginal impact, capturing just over 1% of the vote. This distribution suggests a Democratic preference which could influence future political strategies and party investments in the county.
39.90% of voters voted for the Republican party in the 2020 Presidential Election
58.65% of voters voted for the Democrat party in the 2020 Presidential Election
1.45% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Chatham County, Georgia, the student-to-teacher ratio has generally trended downward over the past decade, reaching about 14 in 2023. This is somewhat better than the national average of 14 students per teacher. For real estate agents and investors, this could imply smaller class sizes, more personalized attention in schools, and potentially increased property values. Families might find this appealing, and it could also signal lower insurance risks due to a perceived focus on quality in... Read more
Student-to-teacher ratio in Chatham County, Georgia over the last 10 years
The student-to-teacher ratio in Chatham County, Georgia has shown slight fluctuations over the past decade, peaking at 15 students per teacher in 2018, but generally trending downward to about 14 in 2023. This compares favorably to the national average, which sits at 14 students per teacher. For investors, real estate agents, and those looking to move to Chatham County, this lower ratio could suggest smaller class sizes and potentially more personalized attention in educational settings, potentially making the location more appealing for families. Lower ratios can also be a consideration for appraisors and insurance agents as they indirectly indicate a focus on quality in public services, which might reflect positively in property values and lower insurance risks.
