Colquitt County Real Estate and Livability Trends
Colquitt County, Georgia, has seen its median home values rise from $79,600 to $113,900 over the past eight years, suggesting affordable investment opportunities compared to state and national figures. Residential energy tax credits have quadrupled, indicating a growing focus on energy efficiency. Real estate taxes have spiked, likely due to rising property values or tax rate changes, reflecting... Read more
Colquitt County Market Trends
Over the past eight years, Colquitt County, Georgia’s median home values have increased from $79,600 to $113,900, still well below Georgia's state median and national figures, hinting at affordable investment opportunities. Residential energy tax credits have quadrupled, suggesting growing investments in energy efficiency. Real estate taxes have spiked, potentially reflecting rising property... Read more
Median Value of Occupied Housing Units in Colquitt County, Georgia Over the Last 8 Years
Over the past eight years, median home values in Colquitt County, Georgia have steadily increased from $79,600 in 2015 to $113,900 in 2022. However, these figures remain significantly lower compared to both Georgia's state median, which rose from $148,100 to $245,900 over the same period, and the national median, which climbed from $125,500 to $179,400. This could present potential investment opportunities for those looking for more affordable housing markets within Georgia. The relative affordability combined with the consistent upward trend in values might be of interest to investors, builders, and prospective homeowners eyeing long-term gains or cost-effective property options.
Residential Energy Tax Credit Per Tax Return in Colquitt County, GA Over the Last 9 Years
Over the past nine years, Colquitt County, Georgia has seen a substantial increase in the average residential energy tax credit per tax return. The credit started at $408.70 in 2013 and has grown remarkably to $1,618.18 in 2021. This trend indicates a significant uptick in residential energy investments, reflecting the community’s increasing commitment to energy efficiency and possibly newer policies incentivizing such upgrades. This growth represents a compelling case for investors and homeowners considering energy-efficient property improvements, offering greater returns on sustainable development initiatives.
Average Real Estate Taxes Per Tax Return in Colquitt County, GA Over the Last 10 Years
Colquitt County, Georgia has seen a notable increase in real estate taxes over the past decade, with values rising from approximately $2,008.21 in 2012 to around $3,162.32 by 2021. Particularly, there was a sharp uptick between 2017 and 2018, jumping from $2,383.07 to $3,170.21. This could suggest rising property values or shifts in the tax rate, potentially impacting decisions for potential investors and residents. The elevated tax trajectory may imply increasing county investments in infrastructure or services.
Percentage of Farm Returns in Colquitt County, GA Over the Last 10 Years
Farm tax returns in Colquitt County, Georgia, have shown slight fluctuations over the past decade, generally hovering around 4%. From 2012 to 2021, there is an observed minor peak in 2017 at approximately 4.29%, but the trend closes slightly lower in 2021 at around 3.67%. This subtle decline could suggest shifts in the agricultural economy or changes in farm ownership and operation dynamics. For potential investors, builders, or residents, understanding these movements might help in assessing the economic stability and growth opportunities within the county's agricultural sector.
Number of Mortgages by Occupancy Type in Colquitt County, GA Over the Last 5 Years in Colquitt County
Colquitt County, Georgia has seen varying trends in mortgage data over the past five years, with principal residence mortgages showing a general upward trend, peaking in 2021. Investment properties had some fluctuations but generally remained lower than principal residences, which could suggest a preference for long-term residence over investment in the area. Second residences consistently showed minimal activity, indicating limited market interest, possibly due to attractiveness of neighboring counties for vacation or secondary homes. These shifts are crucial for investors, appraisers, and real estate agents as they reflect the changing demands and potential profitability within the county, directly influencing property values, investment strategies, and market forecasts.
Economic Outlook
Over the past nine years, average taxable income per tax return in Colquitt County, Georgia has increased from approximately $36,256.75 in 2013 to about $50,756.50 in 2021, signaling economic development or shifts in the local economy. Meanwhile, state and local income taxes per tax return have risen notably from $4,590.91 in 2012 to $9,604.05 in 2021, indicating an evolving financial landscape that could affect the cost of living. Additionally, the total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Colquitt County, GA over the last 9 years
Over the past nine years, there appears to have been a steady increase in the average taxable income per tax return in Colquitt County, Georgia. In 2013, the average was approximately $36,256.75, rising progressively each year to about $50,756.50 in 2021. Significant growth can especially be noted post-2017, signaling potential economic development or shifts in the local economy. This trend may be of interest to potential investors or individuals considering moving to the area, as increasing incomes can point to a flourishing local economy and possibly improved quality of life.
Average State and Local Income Taxes Per Tax Return in Colquitt County, GA Over the Last 10 Years
In the past decade, Colquitt County, Georgia has seen a notable increase in state and local income taxes per tax return, from $4,590.91 in 2012 to $9,604.05 in 2021. This upward trend highlights a significant escalation in tax rates, reaching its peak in 2021. For potential investors and property developers, this indicates an evolving financial landscape that could impact the overall cost of living and economic planning. For residents and those considering relocation, understanding these tax trends is crucial for long-term financial planning and assessing the county's fiscal trajectory.
Average Total Tax Liability Per Tax Return in Colquitt County, GA Over the Last 10 Years
Over the last decade, Colquitt County, Georgia has seen a steady rise in the average total tax liability per tax return, culminating in a notable increase from $5,712.59 in 2012 to $7,530.38 in 2021. This upward trend reflects broader economic changes and can be a significant consideration for potential investors and residents. The peak in 2017 at $7,324.88, followed by a temporary dip and subsequent rise, suggests fluctuating economic conditions, which are crucial for informed financial planning and investment strategies in the area.
Cost of Living in Colquitt County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $963 | $1,436 | $1,440 | $1,048 | $911 |
| 1 adult 4 children | $963 | $1,172 | $1,099 | $1,048 | $958 |
| 2 adults 3 children | $963 | $1,173 | $1,251 | $1,048 | $741 |
| 1 adult 3 children | $963 | $958 | $909 | $1,048 | $755 |
| 2 adults 2 children | $772 | $960 | $1,062 | $908 | $672 |
| 1 adult 2 children | $772 | $717 | $720 | $908 | $598 |
| 2 adults 1 child | $772 | $759 | $872 | $454 | $653 |
| 1 adult 1 child | $772 | $490 | $531 | $454 | $557 |
| 2 adults | $589 | $610 | $683 | $0 | $574 |
| 1 adult | $585 | $332 | $342 | $0 | $522 |
Safety trends & Data
Property crime trends in Colquitt County, Georgia have seen larceny-theft consistently at the forefront, peaking at 92 incidents in 2018 and dropping to 31 in 2020, indicating sporadic but notable theft issues. Burglary incidents have significantly declined from 11 in 2018 and 2019 to just 1 in 2021, suggesting improvements in security or community vigilance. Motor vehicle theft, fraud, and vandalism have remained relatively stable with minor fluctuations, providing a cautiously optimistic... Read more
Property Crime Trends in Colquitt County, GA Over the Last 5 Years
Property crime trends in Colquitt County, Georgia over the past five years reveal significant fluctuations in specific categories. Larceny-theft consistently tops the charts, peaking at 92 incidents in 2018 and hitting a low of 31 in 2020, suggesting sporadic but recurring theft issues that stakeholders might want to address. Burglary shows a notable decline from 11 incidents in 2018 and 2019 to just 1 in 2021, indicating potential improvements in security measures or community vigilance. Motor vehicle theft, fraud, and vandalism remain relatively stable with minor yearly variations, offering a mixed yet cautiously optimistic picture for potential investors and residents seeking a safer environment. Doubling down on security investments or community-based interventions could further mitigate these property crimes and raise the appeal of the area.
Demographics
Colquitt County, Georgia, exhibits a slightly higher female population compared to males. Educational attainment is varied, with the largest groups having either a high school diploma or some college experience without a degree. Age distribution hints at a fairly young population, especially noticeable in the under-10 demographic. Racially, the county is predominantly White, with significant Black or African American and "some other race" groups making up much of the... Read more
Race Distribution in Colquitt County, Georgia (2022)
Educational Attainment in Colquitt County, Georgia (2022)
Age Distribution in Colquitt County, Georgia
Citizen Population in Colquitt County, Georgia (2022)
Political Trends & Data
Colquitt County, Georgia, showcased a strong inclination towards the Republican Party in the 2020 U.S. Presidential Election, with approximately 73% of the vote. The Democratic Party received about 26%, hinting at a significant but smaller presence. Libertarian and other parties had minimal impact, with the former capturing just under 1% of the vote. Such political patterns might affect future local and state election outcomes, reflecting deeply ingrained political tendencies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Colquitt County, Georgia, the voting patterns from the 2020 U.S. Presidential Election suggest a strong leaning towards the Republican Party, capturing roughly 73% of the vote. The Democratic Party garnered around 26%, indicating a significant, though minority, presence. The Libertarian vote was minimal at just under 1%, and other parties did not make a notable impact. This voting distribution could point to deep-rooted political preferences, potentially influencing future local and state elections.
73.23% of voters voted for the Republican party in the 2020 Presidential Election
26.03% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Colquitt County, Georgia has seen its student-to-teacher ratio drop from 16 students per teacher in 2014 to about 13 in 2023. This shift suggests improved educational quality through smaller class sizes, likely raising the appeal of local properties. Investors, real estate agents, and those considering relocation might find this attractive, especially since the ratio now beats the national average of 14 students per teacher. Such trends could influence property demand, appraisals, and insurance... Read more
Student-to-teacher ratio in Colquitt County, Georgia over the last 10 years
Colquitt County, Georgia has witnessed a steady decline in its student-to-teacher ratio over the past decade, dropping from 16 students per teacher in 2014 to approximately 13 in 2023. This trend suggests an improvement in educational quality, as smaller class sizes often enable more individualized attention for students. For investors and real estate agents, this can enhance the appeal of local properties, potentially driving up demand. For those considering relocation, lower student-to-teacher ratios could be a significant factor in deciding on Colquitt County over areas with less favorable ratios. This is particularly relevant given that the county now performs better than the current national average of 14 students per teacher. Appraisers and insurance agents, too, might note this improvement when evaluating property values and risk assessments in the area.
