Effingham County Real Estate and Livability Trends
Effingham County, Georgia has seen a robust rise in median home values, jumping from $178,800 in 2021 to $219,000 in 2022, suggesting significant real estate potential. Meanwhile, the area’s farming sector seems to be consolidating, as indicated by a mild but steady decline in farm tax returns. Notably, there has been a decline in principal residences and investment properties since 2021,... Read more
Effingham County Market Trends
Effingham County, Georgia has seen a robust jump in median home values, accelerating from $178,800 in 2021 to $219,000 in 2022, well above national and state averages. Residential energy tax credits have soared, indicating a community-wide push for energy-efficient home improvements. Real estate taxes have consistently increased, hinting at rising property values and potential for lucrative... Read more
Median Value of Occupied Housing Units in Effingham County, Georgia Over the Last 8 Years
Over the past eight years, the median home value in Effingham County, Georgia has experienced a steady climb, particularly accelerating from $178,800 in 2021 to $219,000 in 2022. This local increase significantly outpaces both national and state trends. In comparison, the median home value across the United States went from $157,100 in 2021 to $179,400 in 2022, and Georgia’s median rose from $206,700 to $245,900 during the same period. This data suggests that Effingham County may be experiencing unique economic or developmental factors driving up home values more sharply than the broader trends.
Residential Energy Tax Credit Per Tax Return in Effingham County, GA Over the Last 9 Years
Effingham County, Georgia has seen a dramatic increase in residential energy tax credits per tax return over the past nine years, skyrocketing from $340.74 in 2013 to $3,032.88 in 2021. This sharp rise indicates growing investment in energy-efficient home improvements, which could be attractive for new homeowners looking to save on utility costs. Furthermore, property developers might find a receptive market for eco-friendly construction, while investors could view the trend as a sign of a progressive and forward-thinking community.
Average Real Estate Taxes Per Tax Return in Effingham County, GA Over the Last 10 Years
Over the past decade, Effingham County, Georgia has seen a consistent increase in average real estate taxes per tax return, starting at roughly $2,205.24 in 2012 and rising to around $3,393.53 by 2021. The most noticeable surge occurred in 2018, where taxes jumped by more than $500 compared to the previous year. This upward trend suggests that property values may be increasing, making it potentially lucrative for investors and those looking to build or purchase property in this area. However, higher taxes could also be a consideration for current residents.
Percentage of Farm Returns in Effingham County, GA Over the Last 10 Years
In Effingham County, Georgia, the percentage of farm tax returns has shown a subtle yet consistent decrease over the past decade, dipping from around 1.29% in 2012 to approximately 1.10% in 2021. Farm tax returns are essentially the tax filings that agricultural businesses submit, reflecting the financial health and profitability of the farming sector in the area. For prospective investors or developers, this downward trend might suggest either a shrinking agricultural economy or increased consolidation of farms, impacting decisions on property investments or development in the region. Those with an interest in agricultural ventures should consider these fluctuations as they could influence market opportunities and the economic landscape of Effingham County.
Number of Mortgages by Occupancy Type in Effingham County, GA Over the Last 5 Years in Effingham County
In Effingham County, Georgia, over the last five years, there has been a noticeable trend in mortgage distributions across different occupancy types. The dominant category remains Principal Residence, with numbers peaking in 2021 at 6,724 mortgages but then declining to 4,465 in 2022. Investment Properties and Second Residences have consistently trailed behind, with 2021 seeing a high for Investment Properties at 206, dropping to 144 in 2022. Notably, Second Residences have maintained a relatively stable yet low count throughout the period. Changes in occupancy type might matter because they reveal shifts in either demographic trends or investment strategies within the county. For investors, a rising or falling count of investment properties indicates market attractiveness or cooling off. Prospective residents might be influenced by the availability and competition for principal residences. For real estate agents and appraisers, understanding these trends ensures accurate valuations and targeted marketing strategies. Insurance agents, too, can glean risks associated with higher densities of specific occupancy types, impacting policy terms and premiums. Real estate developers and builders can align their projects with prevailing demand, ensuring better ROI and community support.
Economic Outlook
In Effingham County, Georgia, average taxable income per tax return has consistently risen over the past nine years, starting at $51,403.52 in 2013 and reaching $68,589.98 by 2021, hinting at economic growth that may lure investors and developers. Meanwhile, state and local income taxes have also seen a steady climb, from $4,384.39 in 2012 to $7,173.81 in 2021, signaling increased fiscal demands. Total tax liability per tax return has followed a similar trend, rising from $6,390.62 in 2012 to... Read more
Average Taxable Income per Tax Return in Effingham County, GA over the last 9 years
Effingham County, Georgia has seen a consistent increase in average taxable income per tax return over the past nine years. Starting from $51,403.52 in 2013, it rose to $68,589.98 by 2021. This trend suggests economic growth and a possibly thriving local economy, which might be appealing for potential investors, new residents, and property developers.
Average State and Local Income Taxes Per Tax Return in Effingham County, GA Over the Last 10 Years
Effingham County, Georgia has experienced a steady increase in state and local income taxes per tax return over the past decade. Starting at $4,384.39 in 2012 and rising to $7,173.81 in 2021, this upward trend highlights a significant increase in tax liabilities. Notably, there was a sharp jump between 2017 and 2018, where the values surged from $5,112.95 to $6,408.97. This pattern is essential for investors, potential movers, and current residents as it reflects the growing fiscal demands in the area, which could impact financial planning and property investments.
Average Total Tax Liability Per Tax Return in Effingham County, GA Over the Last 10 Years
Effingham County, Georgia has seen a steady increase in the average total tax liability per tax return over the past decade, rising from $6,390.62 in 2012 to $9,057.46 in 2021. This upward trend indicates a growing prosperity in the area, suggesting higher incomes and potentially more economic opportunities. For potential investors and property developers, this trend may point to a thriving local economy, which can be a promising sign of future growth in real estate and other ventures. With a higher tax liability, residents and new movers might expect well-funded public services and infrastructure.
Cost of Living in Effingham County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,523 | $1,404 | $1,846 | $1,313 | $1,482 |
| 1 adult 4 children | $1,523 | $1,146 | $1,411 | $1,313 | $1,622 |
| 2 adults 3 children | $1,523 | $1,147 | $1,602 | $1,313 | $1,255 |
| 1 adult 3 children | $1,523 | $936 | $1,167 | $1,313 | $1,379 |
| 2 adults 2 children | $1,115 | $939 | $1,358 | $1,148 | $1,006 |
| 1 adult 2 children | $1,115 | $701 | $923 | $1,148 | $1,007 |
| 2 adults 1 child | $1,115 | $742 | $1,114 | $614 | $942 |
| 1 adult 1 child | $1,115 | $479 | $679 | $614 | $800 |
| 2 adults | $988 | $596 | $870 | $0 | $796 |
| 1 adult | $916 | $325 | $435 | $0 | $679 |
Safety trends & Data
Effingham County, Georgia has experienced a significant drop in property crime over the past five years, which could make it appealing for potential investors and new residents. Burglaries fell from 30.00 in 2018 to 5.00 in 2022, larceny-theft went from 150.00 to 18.00, and vandalism cases decreased from 27.00 to 6.00 in the same period. These improvements could signal a safer environment, enhancing the county's attractiveness for real estate... Read more
Property Crime Trends in Effingham County, GA Over the Last 5 Years
Effingham County, Georgia has seen a notable decrease in property crime over the past five years, with significant drops in burglary, larceny-theft, and vandalism. For instance, burglary incidents fell from 30.0 in 2018 to just 5.0 in 2022, while larceny-theft dropped from 150.0 in 2018 to 18.0 in 2022. Vandalism, which had 27.0 cases in 2018, was down to 6.0 by 2022. These trends could make the county an attractive prospect for potential investors, real estate agents, and those considering relocation.
Demographics
Effingham County, Georgia, showcases a near-even split between male and female adults with slightly more females. The educational attainment data reveals a significant portion of the population has at least some college education, with high school graduates being the largest segment. The county's age distribution suggests a youthful lean, bolstered by a sizable population under 44 years old. Racial demographics are predominantly White, though there's a notable representation of Black or African... Read more
Race Distribution in Effingham County, Georgia (2022)
Educational Attainment in Effingham County, Georgia (2022)
Age Distribution in Effingham County, Georgia
Citizen Population in Effingham County, Georgia (2022)
Political Trends & Data
Effingham County, Georgia, likely demonstrates a strong conservative leaning, reflected by the approximately 74% of votes cast for the GOP in the 2020 U.S. Presidential Election. With Democrats capturing around 24% and Libertarians just over 1%, the political dynamics here might hint at a potential influence on local and state legislative outcomes. This predominantly conservative tilt could shape policy preferences and investment opportunities in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Effingham County, Georgia possibly leaned heavily Republican in the 2020 U.S. Presidential Election, with about 74% of votes going to the GOP. Democrats garnered close to 24%, while Libertarian support stood at just over 1%. The Green party and other candidates received negligible or no votes. These numbers might suggest Effingham County's political landscape predominantly favors conservative policies, which could impact future local and state elections.
73.99% of voters voted for the Republican party in the 2020 Presidential Election
24.45% of voters voted for the Democrat party in the 2020 Presidential Election
1.56% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Effingham County, Georgia has experienced a gradual decrease in its student-to-teacher ratio, shifting from about 16 students per teacher in 2014 to just under 15 in 2023, now more in line with the U.S. national average of 14. This trend suggests better educational outcomes and could enhance the area's appeal to families, making it a key selling point for real estate agents and investors. The improvement in the ratio may also influence property values and insurance... Read more
Student-to-teacher ratio in Effingham County, Georgia over the last 10 years
Effingham County, Georgia has seen its student-to-teacher ratio gradually decrease over the last decade, from roughly 16 students per teacher in 2014 to just under 15 in 2023. Despite fluctuations, the current ratio stands more aligned with the U.S. national average of 14 students per teacher. This trend may imply more personalized attention for students, potentially boosting educational outcomes and making the area more attractive to families. For investors and real estate agents, a lower student-to-teacher ratio could be a selling point, as it often correlates with higher school quality and desirability. Appraisers and insurance agents might also find this data relevant, as it can influence property values and insurance risks in the region.
