Cobb County Real Estate and Livability Trends
Cobb County, Georgia's real estate market is thriving with significant hikes in housing values, climbing from $197,400 in 2015 to $346,000 in 2022. This could entice investors aiming to leverage property appreciation. The average taxable income per tax return hit $104,753.32 in 2021, indicating an affluent populace driving demand for premium homes and services. Nonetheless, the rise in state and... Read more
Cobb County Market Trends
Cobb County, Georgia's real estate market has experienced a remarkable surge in housing values, growing from $197,400 in 2015 to $346,000 in 2022, outpacing both state and national increases. The market's heightened competition may attract investors looking to tap into property appreciation. Meanwhile, significant variability in residential energy tax credits, peaking with a spike to $1,470.37 in... Read more
Median Value of Occupied Housing Units in Cobb County, Georgia Over the Last 8 Years
Cobb County, Georgia has seen a significant rise in housing values over the past eight years, with the median value escalating from $197,400 in 2015 to $346,000 in 2022. In comparison, the state of Georgia started with a lower median value of $148,100 in 2015, peaking at $245,900 in 2022. Nationally, though housing values also appreciated, they did so at a slower rate, beginning at $125,500 in 2015 and reaching $179,400 by 2022. This surge in Cobb County suggests a highly competitive market, making it an attractive proposition for potential investors and those looking to capitalize on property appreciation.
Residential Energy Tax Credit Per Tax Return in Cobb County, GA Over the Last 9 Years
Over the last nine years, residential energy tax credits in Cobb County, Georgia, have shown significant variation. From 2013 to 2017, the average credit steadily increased from $308.88 to $512.43 per tax return, reflecting growing incentives for energy-efficient investments. A notable spike occurred in 2018, with the credit soaring to $1470.37, suggesting a possible policy change or significant uptake in energy-saving home improvements. Though the average credit dropped to $637.24 by 2019, it has again been on an upward trend, reaching $937.43 in 2021. These fluctuations highlight the dynamic nature of energy incentive programs and their potential impact on local economics and property value considerations.
Average Real Estate Taxes Per Tax Return in Cobb County, GA Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Cobb County, Georgia have shown a steady incline, transitioning from around $2,595.64 in 2012 to approximately $4,833.32 in 2021. This upward trend hints at an increase in property values and local economic growth. Particularly notable is the jump between 2017 and 2018, where the average real estate taxes increased by over $1,000, suggesting possible reforms in tax policy or a significant rise in assessed property values. Investors, potential residents, and builders might view this as an indicator of a desirable and expanding market, but should also prepare for rising property tax obligations.
Percentage of Farm Returns in Cobb County, GA Over the Last 10 Years
Over the past decade, Cobb County, Georgia has seen a steady decline in the percentage of farm tax returns, dipping from around 0.17% in 2012 to approximately 0.13% in 2021. Notably, the lowest point was in 2020 at about 0.13%, with a slight uptick in 2021. This indicates that while agriculture remains present, there is a shrinking number of farm-related tax filings. For those looking to invest in or move to Cobb County, this trend perhaps implies a shift away from agricultural reliance towards more urban and commercial developments. The relatively minor share of farm tax returns might suggest greater opportunities in non-agricultural sectors.
Number of Mortgages by Occupancy Type in Cobb County, GA Over the Last 5 Years in Cobb County
In Cobb County, Georgia, mortgage counts for investment properties and second residences have generally remained low and steady over the past five years, while mortgages for principal residences saw significant fluctuations. A peak in principal residence mortgages occurred in 2020, likely due to market conditions during the pandemic. These trends could indicate a stronger demand for primary residences, impacting appraisals and insurance in the area. Real estate agents and investors might note these changes to tailor their strategies, while those looking to move to or develop properties in Cobb County may find potential in understanding these occupancy dynamics.
Economic Outlook
Cobb County, Georgia has witnessed a notable rise in average taxable income per tax return, peaking at $104,753.32 in 2021, which suggests a more affluent population fueling demand for upscale housing and amenities. The consistent increase in state and local income taxes, from $6,829.75 in 2012 to $12,608.38 in 2021, might deter some potential investors, yet it also often correlates with improved public services and higher property values. The average total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Cobb County, GA over the last 9 years
Over the past nine years, Cobb County, Georgia has seen a noticeable upward trend in average taxable income per tax return, with a significant spike in 2021 reaching $104,753.32. This increase despite occasional fluctuations suggests a generally improving economic landscape, enticing for potential investors and property developers. The rise in incomes could indicate a growing, potentially more affluent population that may drive demand for more upscale housing and amenities in the area.
Average State and Local Income Taxes Per Tax Return in Cobb County, GA Over the Last 10 Years
Over the last decade, state and local income taxes per tax return in Cobb County, Georgia have seen a significant rise from $6,829.75 in 2012 to $12,608.38 in 2021. The sharpest increase occurred between 2017 and 2018, jumping from $9,052.90 to $11,049.50. This upward trend in taxes could impact decisions for those looking to invest in or move to Cobb County, as rising tax rates often correlate with changes in property values and public services.
Average Total Tax Liability Per Tax Return in Cobb County, GA Over the Last 10 Years
In Cobb County, Georgia, the average total tax liability per tax return has shown a consistent upward trend over the past decade, rising from $13,356.28 in 2012 to $20,504.08 in 2021. Notably, there was a sharp increase between 2016 and 2017, followed by a significant jump again in 2021. This reflects the county’s growing economic prosperity and could signal increased property values, higher incomes, or both, making it an attractive area for investment and development. The tax data underscores Cobb County's potential for long-term financial growth, appealing to potential homeowners and investors.
Cost of Living in Cobb County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,979 | $1,673 | $1,815 | $1,736 | $1,955 |
| 1 adult 4 children | $1,979 | $1,366 | $1,387 | $1,736 | $2,045 |
| 2 adults 3 children | $1,979 | $1,367 | $1,575 | $1,736 | $1,659 |
| 1 adult 3 children | $1,979 | $1,116 | $1,147 | $1,736 | $1,792 |
| 2 adults 2 children | $1,626 | $1,119 | $1,335 | $1,522 | $1,343 |
| 1 adult 2 children | $1,626 | $836 | $907 | $1,522 | $1,399 |
| 2 adults 1 child | $1,626 | $884 | $1,096 | $828 | $1,165 |
| 1 adult 1 child | $1,626 | $571 | $668 | $828 | $1,092 |
| 2 adults | $1,440 | $710 | $856 | $0 | $951 |
| 1 adult | $1,408 | $387 | $428 | $0 | $848 |
Safety trends & Data
Cobb County, Georgia has experienced fluctuating property crime trends over the past five years, with notable declines in burglary from 124 in 2018 to around 75 more recently. Larceny-theft has decreased as well, dropping from 1,234 in 2018 to 762 in 2022. However, vandalism incidents have risen, peaking at 239 in 2021 from just 55 in 2018. While arson cases have generally declined, embezzlement and motor vehicle theft have remained relatively stable but low. These shifts are valuable for... Read more
Property Crime Trends in Cobb County, GA Over the Last 5 Years
Cobb County, Georgia has seen fluctuating property crime trends over the past five years, with significant drops in certain crimes like burglary, which declined from 124 in 2018 to around 75 in recent years. Larceny-theft remains a dominant issue, although there was a noticeable decrease from 1,234 in 2018 to 762 in 2022. Vandalism, on the other hand, has somewhat increased, peaking at 239 in 2021 from 55 in 2018. Arson cases have reduced overall, while embezzlement and motor vehicle theft have remained relatively low and stable. These insights could be crucial for investors, real estate agents, and insurance providers in evaluating and mitigating risks and identifying opportunities in Cobb County.
Demographics
Cobb County, Georgia shows a slightly higher female adult population compared to males. Nearly 60% of adults hold at least a bachelor's degree, suggesting a well-educated workforce. Age distribution is relatively balanced, with a notable concentration of young professionals aged 25 to 44. Racially, the population is predominantly White, but there's significant diversity, particularly with a substantial Black or African American demographic and a growing Asian community. These trends hint at a... Read more
Race Distribution in Cobb County, Georgia (2022)
Educational Attainment in Cobb County, Georgia (2022)
Age Distribution in Cobb County, Georgia
Citizen Population in Cobb County, Georgia (2022)
Political Trends & Data
Cobb County, Georgia, saw a significant lean towards the Democrats in the 2020 U.S. Presidential Election, securing around 56.3% of votes. Republicans followed with about 42%, suggesting a potential shift in voter preferences from past elections. Libertarians were marginal, garnering likely just 1.6% of the vote, while other parties almost didn't register. This shift may indicate evolving political dynamics within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cobb County, Georgia, showed a notable lean towards the Democrats in the 2020 U.S. Presidential Election, with a potential majority of 56.3% of votes. Republicans trailed behind with approximately 42%, reflecting a possible shift in voter preferences compared to previous years. Libertarians barely made a dent, capturing a likely 1.6% of the vote, while other parties had negligible or non-existent support. This shift could hint at changing political dynamics within the county.
42.02% of voters voted for the Republican party in the 2020 Presidential Election
56.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.64% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Cobb County, Georgia has seen its student-to-teacher ratio drop from over 15 students per teacher in 2014 to around 14 and below recently. Notably, this local ratio has dipped below the national average of 14 students per teacher since 2021, possibly signaling improved educational attention and outcomes. Such trends could attract families prioritizing quality education, influence real estate marketing strategies, and impact property appraisals linked to school... Read more
Student-to-teacher ratio in Cobb County, Georgia over the last 10 years
Over the past decade, Cobb County, Georgia has seen a steady decline in its student-to-teacher ratio, dropping from over 15 students per teacher in 2014 to around 14 and below in recent years. While the local ratio has dipped below the national average of 14 students per teacher since 2021, this trend implies a potential increase in educational attention per student and possibly better educational outcomes. Such trends could be influential for families considering moving to the area, real estate agents marketing to educational-focused buyers, and appraisers assessing property values connected to school district performance.
