Fayette County Real Estate and Livability Trends
Fayette County, Georgia's real estate market has become increasingly attractive, with median home values skyrocketing from $229,500 in 2015 to $369,700 in 2022. This noteworthy appreciation suggests a growing appeal for investors looking for high returns. Concurrently, rising state and local taxes signify expanding regional infrastructure and services, enhancing the area's overall desirability.... Read more
Fayette County Market Trends
Median home values in Fayette County, Georgia have surged from $229,500 in 2015 to $369,700 in 2022, outpacing both state and national trends. This dramatic rise could signal the area's growing desirability for real estate investors seeking potentially higher returns. Additionally, average residential energy tax credits have spiked, suggesting increased investments in energy efficiency that... Read more
Median Value of Occupied Housing Units in Fayette County, Georgia Over the Last 8 Years
Median home values in Fayette County, Georgia have seen consistent growth over the last eight years, jumping from $229,500 in 2015 to $369,700 in 2022. This increase is considerably higher compared to both state and national trends, with Georgia's median values rising from $148,100 to $245,900 and national values moving from $125,500 to $179,400 over the same period. This significant rise may suggest that Fayette County is becoming a more desirable area for investment, offering potentially higher returns for property investments relative to broader market trends.
Residential Energy Tax Credit Per Tax Return in Fayette County, GA Over the Last 9 Years
Fayette County, Georgia, has seen a substantial increase in the average residential energy tax credit per tax return over the past nine years, notably from $332.89 in 2013 to $1,199.02 in 2021. The peak was in 2018 at $2,154.17, indicative of heightened incentives or investments in energy-efficient upgrades during that year. This trend underscores a growing emphasis on sustainability and energy efficiency, making the area appealing for environmentally-conscious investors and residents.
Average Real Estate Taxes Per Tax Return in Fayette County, GA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Fayette County, Georgia have shown a notable increase. Starting at around $3,146.21 in 2012, there has been a steady upward trend, reaching approximately $5,294.04 by 2021. This rising trend in taxes reflects potential growth and improvements in the area, making it an important consideration for prospective homeowners and investors evaluating the long-term cost implications of property ownership in the region.
Percentage of Farm Returns in Fayette County, GA Over the Last 10 Years
Over the last decade, Fayette County, Georgia has experienced a subtle yet noticeable decline in the percentage of farm tax returns. In 2012, farm tax returns accounted for about 0.57% of the total, gradually dropping to approximately 0.39% by 2020. This decline might signal shifts in the county's agricultural landscape or broader economic changes affecting farm operations. For potential investors or those interested in rural property development, this trend could indicate evolving opportunities and considerations in Fayette County's agricultural sector. Understanding these shifts is crucial for anyone looking to make informed decisions about engaging with the local economy and agricultural community.
Number of Mortgages by Occupancy Type in Fayette County, GA Over the Last 5 Years in Fayette County
In Fayette County, Georgia, there has been a noticeable fluctuating trend in the number of mortgages over the past five years, with principal residences showing significant variation compared to investment and second residences. The peak was seen in 2020 and 2021 for principal residences but saw a drop in 2022. Investment properties remained relatively stable, though slightly decreased towards 2022. For stakeholders like investors, appraisers, and real estate agents, understanding these trends is crucial. A decline in mortgages for principal residences could indicate shifting market conditions or economic factors influencing homebuyer confidence. Conversely, stable investment property mortgages might suggest ongoing appeal and stability in rental or resale opportunities. These insights can inform strategic decisions, risk assessments, and development plans in the local real estate market.
Economic Outlook
Fayette County, Georgia, has seen substantial growth in average taxable income per tax return, escalating from $79,179.89 in 2013 to $116,939.77 in 2021. This surge hints at increasing affluence and makes the county a promising spot for investment. Concurrent with this income rise, the average state and local income taxes climbed from $6,847.14 in 2012 to $12,457.99 in 2021, with a sharp increase between 2017 and 2018. The area also experienced a notable jump in total tax liability, climbing... Read more
Average Taxable Income per Tax Return in Fayette County, GA over the last 9 years
Over the past nine years, Fayette County, Georgia, has experienced a notable upward trend in average taxable income per tax return. Starting at $79,179.89 in 2013, income levels have steadily risen, reaching a peak of $116,939.77 in 2021. This substantial increase suggests a potentially growing affluence in the area, making Fayette County an attractive prospect for investors, homebuyers, and developers seeking promising opportunities in Georgia.
Average State and Local Income Taxes Per Tax Return in Fayette County, GA Over the Last 10 Years
The average state and local income taxes per tax return in Fayette County, Georgia have shown a notable upward trend over the past decade. Starting at $6,847.14 in 2012, these taxes increased progressively, reaching $12,457.99 by 2021. The most abrupt rise occurred between 2017 and 2018, jumping from $8,711.99 to $10,858.04. This consistent rise underscores the potential for higher tax obligations, impacting decisions around investments, relocations, and real estate developments in the area.
Average Total Tax Liability Per Tax Return in Fayette County, GA Over the Last 10 Years
Over the past decade, Fayette County, Georgia has seen a consistent increase in the average total tax liability per tax return. Starting at $14,060.29 in 2012, it peaked at $22,460.13 by 2021. This significant growth indicates a rising economic environment and possibly higher average income levels, making it a potentially attractive area for investors and new residents.
Cost of Living in Fayette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,146 | $1,633 | $1,896 | $1,736 | $2,111 |
| 1 adult 4 children | $2,146 | $1,333 | $1,449 | $1,736 | $2,222 |
| 2 adults 3 children | $2,146 | $1,334 | $1,645 | $1,736 | $1,828 |
| 1 adult 3 children | $2,146 | $1,089 | $1,199 | $1,736 | $1,964 |
| 2 adults 2 children | $1,763 | $1,092 | $1,394 | $1,522 | $1,479 |
| 1 adult 2 children | $1,763 | $816 | $948 | $1,522 | $1,542 |
| 2 adults 1 child | $1,763 | $863 | $1,143 | $828 | $1,257 |
| 1 adult 1 child | $1,763 | $557 | $697 | $828 | $1,222 |
| 2 adults | $1,561 | $693 | $893 | $0 | $1,031 |
| 1 adult | $1,527 | $378 | $446 | $0 | $947 |
Safety trends & Data
Real estate trends in Fayette County, Georgia suggest improving safety which is encouraging for potential investors and residents. Larceny-theft saw a notable decrease from 423.00 in 2019 to 173.00 in 2022, indicating positive changes in community security. Burglary incidents also fell significantly from 40.00 in 2018 to 20.00 in 2022. However, fluctuations in stolen property possession and motor vehicle theft highlight areas where future improvements are needed, with occasional spikes like... Read more
Property Crime Trends in Fayette County, GA Over the Last 5 Years
Property crime trends in Fayette County, Georgia over the last five years reveal a mix of changes across various categories. Larceny-theft consistently tops the list but has seen a notable decrease from 423.00 in 2019 to 173.00 in 2022, which is encouraging for potential investors and residents. Burglary incidents also declined significantly from 40.00 in 2018 to 20.00 in 2022, which may suggest improvements in community safety. However, incidents of stolen property possession and motor vehicle theft saw fluctuations, highlighting areas where future attention might be needed. For real estate agents and property developers, these trends indicate a relatively safe and possibly improving region, though occasional spikes in specific crimes like arson and motor vehicle theft in 2022 may require strategic planning for security measures.
Demographics
Fayette County, Georgia shows a relatively balanced gender distribution with a slight majority of females over males. Notably, educational attainment is diverse, though there appears to be a significant proportion of residents holding bachelor's degrees or higher, suggesting a well-educated populace which might correlate to higher income levels and better employment opportunities. The age distribution reveals a substantial segment of the population within working-age brackets (35 to 64 years),... Read more
Race Distribution in Fayette County, Georgia (2022)
Educational Attainment in Fayette County, Georgia (2022)
Age Distribution in Fayette County, Georgia
Citizen Population in Fayette County, Georgia (2022)
Political Trends & Data
Fayette County, Georgia, might exhibit a predominantly conservative electorate, given that around 53% of its residents voted Republican in the 2020 Presidential Election, compared to roughly 46% for Democrats. Libertarian candidates barely impacted the results, securing just over 1%, and other parties didn't gain noticeable support. This conservative tilt could influence local policies and community preferences, including zoning laws and property... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fayette County, Georgia leans toward the Republican side, with approximately 53% of votes in the 2020 Presidential Election, compared to about 46% for Democrats. Libertarians barely made a mark, securing just over 1% of the vote, while other parties didn't register any significant support. This data could suggest a predominantly conservative electorate with limited third-party influence.
52.72% of voters voted for the Republican party in the 2020 Presidential Election
45.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.36% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the last decade, Fayette County, Georgia has seen a decline in its student-to-teacher ratio, dropping from above 15 in 2014 to around 14 recently. This shift could make the area more appealing to families due to potentially smaller class sizes and more personalized attention for students. Real estate investors and agents might leverage these favorable education statistics to market properties, while appraisers and insurance agents might find the data valuable when assessing community... Read more
Student-to-teacher ratio in Fayette County, Georgia over the last 10 years
Over the last decade, Fayette County, Georgia has seen a steady decline in its student-to-teacher ratio, dropping from above 15 in 2014 to around 14 in recent years. This shift brings Fayette County more in line with the national average of 14 students per teacher, suggesting potentially smaller class sizes and more personalized attention for students. This trend can be appealing to families considering relocation, as well as to real estate investors and agents who can market properties with the benefit of favorable education statistics. Appraisers and insurance agents might also find this information valuable when evaluating the community's overall appeal and stability.
