Fannin County Real Estate and Livability Trends
Fannin County, Georgia, has seen its median home values rise sharply from $164,600 in 2015 to $260,100 in 2022, hinting at high demand and potential investment opportunities. The area's economic development is evident with average taxable income almost doubling since 2013 and significant increases in state and local income taxes. Real estate taxes have also surged, reflecting higher property... Read more
Fannin County Market Trends
Fannin County, Georgia has seen its median home values surge from $164,600 in 2015 to $260,100 in 2022, outpacing both state and national trends, hinting at high demand and potential investment opportunities. Average residential energy tax credits peaked at $1,076.92 in 2021, reflecting a community focus on energy-efficient improvements. Real estate taxes have also increased significantly,... Read more
Median Value of Occupied Housing Units in Fannin County, Georgia Over the Last 8 Years
In the past eight years, Fannin County, Georgia saw its median home values surge from $164,600 in 2015 to $260,100 in 2022. This sharp increase outpaces both the state's and the national median values, which rose from $148,100 to $245,900 and $125,500 to $179,400 respectively over the same period. Such a trend suggests high demand and potentially lucrative opportunities for investors and homebuyers in Fannin County compared to broader markers.
Residential Energy Tax Credit Per Tax Return in Fannin County, GA Over the Last 8 Years
Fannin County, Georgia has seen a notable increase in average residential energy tax credits per tax return over the past eight years, with the amount peaking dramatically at $1076.92 in 2021. This trend suggests growing investments in energy-efficient home improvements, likely influenced by rising awareness of sustainability and potential savings on energy bills. For potential investors and residents, this marks Fannin County as a forward-thinking community with a commitment to green living and energy efficiency.
Average Real Estate Taxes Per Tax Return in Fannin County, GA Over the Last 10 Years
Fannin County, Georgia has observed a notable rise in real estate taxes per tax return over the past decade, with figures increasing from around $1,781.39 in 2012 to approximately $3,220.51 in 2021. This upward trend suggests a growing financial implication for property owners, reflecting either an increase in property values, tax rates, or both. Potential investors and current property owners might find this data indicative of a strengthening local real estate market or increased public expenditure needs, making it a crucial factor to consider when evaluating the overall investment climate in the area.
Percentage of Farm Returns in Fannin County, GA Over the Last 10 Years
Over the last decade, Fannin County, Georgia, has seen a fluctuating trend in the percentage of farm tax returns, with values ranging from a high of 1.77% in 2015 to a low of 1.35% in 2020. These variations could reflect changing agricultural dynamics or economic conditions impacting local farms. For potential investors, developers, and residents, these insights might suggest varying levels of agricultural activity, which could influence land value and investment opportunities. Understanding farm tax returns in this context could provide a clearer view of the economic health and potential growth areas in Fannin County.
Number of Mortgages by Occupancy Type in Fannin County, GA Over the Last 5 Years in Fannin County
In Fannin County, Georgia, the mortgage distribution by occupancy type shows notable fluctuations over the past five years. There has been a steady increase in investment property mortgages, which suggests growing interest from investors likely drawn by favorable market conditions or increased potential for vacation rentals. Principal residence mortgages spiked dramatically in 2021, perhaps correlated with the post-pandemic housing boom, but have since normalized. Second residence loans also saw significant growth, peaking in 2021, indicating rising demand for vacation or seasonal homes. For investors, this mix can signify a potentially lucrative market with strong demand for both primary and secondary residences. Real estate agents and appraisers might note this trend as indicative of a shifting housing landscape that could impact property values and market strategies. It also implies a potential shift in the community's demographic and economic profile, relevant for locals and prospective new residents alike.
Economic Outlook
Fannin County, Georgia, has been experiencing significant economic development over the past decade, with average taxable income per tax return almost doubling from $39,879.32 in 2013 to $76,487.48 in 2021. This income growth indicates a potentially thriving community and rising property values. Average state and local income taxes per tax return have also surged, jumping from $4,110.81 in 2012 to $13,252.24 by 2021, reflecting economic changes and higher local government revenues.... Read more
Average Taxable Income per Tax Return in Fannin County, GA over the last 9 years
Fannin County, Georgia, has seen a notable upward trend in average taxable income per tax return over the past nine years. Starting in 2013 at approximately $39,879.32, it has steadily increased each year, reaching around $76,487.48 in 2021. This growth suggests the area could be experiencing economic development and rising income levels, making it potentially attractive for investors, homeowners, and those considering building property. This sustained income growth might indicate a thriving community, improving quality of life, and possibly increasing property values.
Average State and Local Income Taxes Per Tax Return in Fannin County, GA Over the Last 10 Years
Average state and local income taxes per tax return in Fannin County, Georgia have consistently increased over the past decade. Starting at $4,110.81 in 2012, taxes have surged, hitting $13,252.24 by 2021. This sharp rise, especially pronounced from 2017 onwards, reflects substantial fiscal and economic changes in the area, indicating increasing local government revenues which can be a sign of economic growth or higher incomes. For potential investors and property developers, it implies a growing and possibly more affluent population, but also signals higher tax liabilities.
Average Total Tax Liability Per Tax Return in Fannin County, GA Over the Last 10 Years
Over the past decade, Fannin County, Georgia, has seen a significant increase in the average total tax liability per tax return, rising from $5,667.66 in 2012 to $13,136.88 in 2021. This trajectory indicates growing economic activity and potentially higher incomes in the area, making it an attractive destination for investors and those interested in property development. The sharp rise from 2020 to 2021, from $10,484.20 to $13,136.88, suggests robust financial growth and could be a marker of expanding opportunities within the county.
Cost of Living in Fannin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,120 | $1,383 | $1,718 | $1,048 | $1,078 |
| 1 adult 4 children | $1,120 | $1,130 | $1,313 | $1,048 | $1,134 |
| 2 adults 3 children | $1,120 | $1,130 | $1,491 | $1,048 | $864 |
| 1 adult 3 children | $1,120 | $923 | $1,086 | $1,048 | $905 |
| 2 adults 2 children | $788 | $925 | $1,264 | $908 | $732 |
| 1 adult 2 children | $788 | $691 | $859 | $908 | $649 |
| 2 adults 1 child | $788 | $731 | $1,037 | $454 | $700 |
| 1 adult 1 child | $788 | $472 | $632 | $454 | $585 |
| 2 adults | $666 | $587 | $810 | $0 | $628 |
| 1 adult | $662 | $320 | $405 | $0 | $554 |
Safety trends & Data
Fannin County, Georgia has experienced fluctuating property crime rates over the past four years, with notable declines in larceny-theft and burglary incidents. Larceny-theft dropped from 44 in 2018 to just 3 in 2021 before rising again to 16 in 2022, and burglary incidents decreased from 13 in 2018 to 1 in 2021, then increased to 7 in 2022. These trends in crime rates may affect real estate investments, insurance costs, and the overall sense of safety in the... Read more
Property Crime Trends in Fannin County, GA Over the Last 4 Years
Over the past four years, Fannin County, Georgia has seen fluctuations in various property crime types. While larceny-theft and burglary have historically been the most frequent crimes, their numbers show a declining trend, with larceny-theft dropping from 44 incidents in 2018 to just 3 in 2021 before rising again to 16 in 2022. Similarly, burglary incidents dropped significantly from 13 in 2018 to 1 in 2021 but increased to 7 in 2022. Vandalism incidents spiked to 11 in 2021 but generally remained consistent otherwise. These shifts suggest changing dynamics in property crime, which could influence real estate investments, insurance premiums, and the general perception of safety within the county.
Demographics
Fannin County, Georgia demonstrates intriguing demographic trends. The adult population appears nearly balanced between males and females. Educational attainment indicates a significant portion completing high school, with a notable amount furthering their education to some college or achieving a bachelor's degree. Age-wise, the county shows a prominent older population, particularly in the 55-64 and 65-74 age brackets, suggesting it could be a popular spot for retirees. Ethnically, the county... Read more
Race Distribution in Fannin County, Georgia (2022)
Educational Attainment in Fannin County, Georgia (2022)
Age Distribution in Fannin County, Georgia
Citizen Population in Fannin County, Georgia (2022)
Political Trends & Data
In Fannin County, Georgia, the 2020 U.S. Presidential Election results show a strong Republican presence with over 80% of the vote, while Democrats garnered about 17%. The Libertarian Party received less than 1% of the votes, indicating a firmly Republican political landscape. This entrenched political leaning could influence various local policies and development priorities, potentially affecting real estate market trends and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Fannin County, Georgia, the 2020 U.S. Presidential Election results suggest a strong leaning towards the Republican Party with over 80% of the vote, a significant contrast to the Democratic Party’s approximately 17%. The Libertarian Party barely made an impact, securing less than 1% of the votes. These trends highlight a potentially entrenched political landscape, suggesting limited electoral competitiveness in the county.
81.95% of voters voted for the Republican party in the 2020 Presidential Election
17.31% 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
In Fannin County, Georgia, the student-to-teacher ratio has fluctuated between 13.81 and 15.5 over the past decade, averaging around 14 to 15 students per teacher. A lower student-to-teacher ratio, like the 13.81 recorded in 2022, often implies more individualized attention for students, a significant selling point for families looking to relocate. Highlighting these favorable ratios can be a strategic move for real estate agents, developers, and appraisers, as it indicates potential stable or... Read more
Student-to-teacher ratio in Fannin County, Georgia over the last 10 years
Over the last decade, Fannin County, Georgia has seen fluctuations in the student-to-teacher ratio, averaging around 14 to 15 students per teacher. This metric peaked at 15.5 in 2014 and dipped to its lowest at 13.81 in 2022. Although generally close to the national average of 14 students per teacher, the trend suggests varying classroom sizes year-by-year. Notably, a lower student-to-teacher ratio often indicates more individualized attention for students, an appealing factor for those considering relocating for quality education. For real estate agents, highlighting schools with favorable ratios could attract families, while investors and developers might see this as an indicator of stable or increasing demand for family housing. Moreover, appraisers and insurance agents could use these figures for assessing neighborhood desirability and risk profiles.
