Franklin County Real Estate and Livability Trends
Franklin County, Georgia, is showing promising economic growth with the average taxable income rising from $38,801.70 in 2013 to $53,698.71 in 2021 and a significant leap between 2020 and 2021. This could make the area more attractive to investors and new residents despite higher state and local income taxes increasing from $4,026.47 in 2012 to $7,663.41 in 2021. Real estate trends reflect median... Read more
Franklin County Market Trends
Franklin County, Georgia, has experienced a steady climb in median home values from $102,700 in 2015 to $146,700 in 2022, reflecting a growth rate similar to national trends but still lagging behind the state's rapid rise to $245,900. Residential energy tax credits in the county have fluctuated significantly, peaking at $550.00 in 2021, indicating increasing investment in energy efficiency. Real... Read more
Median Value of Occupied Housing Units in Franklin County, Georgia Over the Last 8 Years
Franklin County, Georgia has seen a mild yet consistent increase in median home values over the past eight years, rising from $102,700 in 2015 to $146,700 in 2022. Interestingly, while median values in Franklin County began well below the Georgia state average of $148,100 in 2015 and the national average of $125,500, its growth rate has been roughly on par with national trends. However, the state has outpaced both, skyrocketing to $245,900 by 2022. This could signal emerging investment opportunities for those looking to capitalize on a growing market that remains more affordable relative to broader state and national figures.
Residential Energy Tax Credit Per Tax Return in Franklin County, GA Over the Last 8 Years
Over the last eight years in Franklin County, Georgia, the average residential energy tax credit per tax return has shown significant fluctuation. Starting at $423.08 in 2013, it dipped to a low of $290.00 in 2014 before rebounding and peaking at $550.00 in 2021. This trend indicates growing investments in energy-efficient home improvements, making Franklin County increasingly attractive for environmentally conscious homebuyers and investors seeking tax advantages.
Average Real Estate Taxes Per Tax Return in Franklin County, GA Over the Last 10 Years
Franklin County, Georgia has seen a notable increase in real estate taxes per tax return over the past decade. Taxes started at approximately $1,872.22 in 2012 and have risen to about $3,226.83 by 2021. Significant spikes are observed post-2017, indicating a stronger upward trend. This rise in taxes could suggest increased property values, potentially driven by development and growth in the area, making it an important consideration for prospective investors and residents evaluating the long-term financial implications of living or investing in Franklin County.
Percentage of Farm Returns in Franklin County, GA Over the Last 10 Years
The percentage of farm returns in Franklin County, Georgia, has generally hovered around 7.5% from 2012 to 2017 but shows a slight decline in recent years, reaching approximately 6.3% in 2021. Farm tax returns likely indicate the proportion of tax filings that come from farm-related activities in the area. This could suggest trends in the agricultural industry’s stability or growth within the county, important for investors or developers interested in agribusinesses. This decline might signal decreasing farm revenue or shifts toward other types of economic activities, posing potential risks or opportunities depending on one's interest in rural property or business ventures in the area.
Number of Mortgages by Occupancy Type in Franklin County, GA Over the Last 5 Years in Franklin County
Franklin County, Georgia has seen fluctuations in mortgage counts over the past five years with notable variances in occupancy types. Principal Residences largely dominate mortgage activity, peaking in 2021 with 1,291 mortgages, a substantial increase since 2018's 760. Investment Property mortgages showed a steady but mild increase, while Second Residences saw significant year-over-year changes, peaking notably in 2020. These shifts can signal changing living preferences and economic conditions—key insights for investors, appraisers, and real estate professionals. Changes in occupancy type might matter because they reflect broader market trends, affecting property values, rental market dynamics, and insurance considerations.
Economic Outlook
In Franklin County, Georgia, the average taxable income per tax return has grown from $38,801.70 in 2013 to $53,698.71 in 2021, with a notable jump of $6,538.23 just from 2020 to 2021. This suggests a strengthening local economy, attracting potential investors and residents. However, the average state and local income taxes per tax return have also risen from $4,026.47 in 2012 to $7,663.41 in 2021, indicating higher tax burdens but possibly signaling enhanced local services and infrastructure.... Read more
Average Taxable Income per Tax Return in Franklin County, GA over the last 9 years
Franklin County, Georgia has seen a notable increase in average taxable income per tax return over the past nine years, growing from approximately $38,801.70 in 2013 to around $53,698.71 in 2021. While there were slight fluctuations, the overall trend suggests a steady rise in income levels. Particularly eye-catching is the jump from 2020 to 2021, where the average taxable income increased by about $6,538.23. This upward trajectory may indicate a strengthening local economy, making it a potentially attractive area for both investors and prospective residents looking for promising economic opportunities.
Average State and Local Income Taxes Per Tax Return in Franklin County, GA Over the Last 10 Years
Over the last decade, Franklin County, Georgia has seen a steady rise in average state and local income taxes per tax return, notably jumping from $4,026.47 in 2012 to $7,663.41 in 2021. The most prominent surge occurred between 2017 and 2018, where there was an increase of over $2,000. This upward trend indicates increasing tax burdens, which can impact disposable income but also suggests potential growth in local government services and infrastructure that may benefit future residents and investors.
Average Total Tax Liability Per Tax Return in Franklin County, GA Over the Last 10 Years
Franklin County, Georgia has seen a noticeable increase in average total tax liability per tax return over the last decade. From a low of $4,983.59 in 2012, it peaked at $7,226.96 in 2021. This steep rise, particularly after 2017, indicates growing economic activities or changes in tax policies affecting residents. Such trends may influence investment opportunities and decisions on property development, highlighting the county's evolving fiscal landscape.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,030 | $1,464 | $1,436 | $1,048 | $947 |
| 1 adult 4 children | $1,030 | $1,195 | $1,096 | $1,048 | $1,000 |
| 2 adults 3 children | $1,030 | $1,196 | $1,248 | $1,048 | $769 |
| 1 adult 3 children | $1,030 | $976 | $907 | $1,048 | $789 |
| 2 adults 2 children | $772 | $979 | $1,059 | $908 | $672 |
| 1 adult 2 children | $772 | $731 | $718 | $908 | $594 |
| 2 adults 1 child | $772 | $774 | $870 | $454 | $651 |
| 1 adult 1 child | $772 | $500 | $529 | $454 | $552 |
| 2 adults | $586 | $622 | $681 | $0 | $569 |
| 1 adult | $583 | $339 | $341 | $0 | $513 |
Safety trends & Data
In Franklin County, Georgia, the past five years have seen property crime trends that could be attractive to potential investors and homebuyers. Burglary incidents dropped notably from 24.00 in 2018 to 4.00 in 2022, while larceny-theft declined from 43.00 to 14.00 in the same period. Other crimes like fraud and motor vehicle theft also saw reductions, suggesting improved security and community vigilance. Lower crime rates can make Franklin County more appealing, potentially boosting property... Read more
Property Crime Trends in Franklin County, GA Over the Last 5 Years
In Franklin County, Georgia, the past five years have seen notable trends in property crime. Burglary and larceny-theft have generally decreased, with burglary dropping from 24.0 incidents in 2018 to 4.0 in 2022, and larceny-theft declining steeply from 43.0 to 14.0 in the same period. Fraud initially rose in 2019 but then significantly reduced by 2020, staying low through 2022. A similar downtrend is evident in vandalism and motor vehicle theft, indicating potentially improved security and community vigilance. These trends may suggest a more secure environment for potential investors, homebuyers, and those looking into property development in Franklin County. The diminishing crime rates are an appealing factor for real estate agents and insurance agents assessing risks and property values.
Demographics
Franklin County, Georgia's demographic trends reflect a slightly larger female population compared to males, which may influence community services and healthcare needs. The educational attainment breakdown shows a notable portion of residents having completed high school or some college but not obtaining further degrees, hinting at potential opportunities for local higher education initiatives or workforce development programs. The age distribution indicates a balanced spread across age... Read more
Race Distribution in Franklin County, Georgia (2022)
Educational Attainment in Franklin County, Georgia (2022)
Age Distribution in Franklin County, Georgia
Citizen Population in Franklin County, Georgia (2022)
Political Trends & Data
Franklin County, Georgia, showcased a strong Republican leaning during the 2020 U.S. Presidential Election, with the GOP capturing about 84% of the vote. Democrats lagged behind at around 15%, and Libertarians barely made a dent with less than 1%. The lack of Green Party votes could indicate minimal interest or presence in the area, shedding light on regional political dynamics and potentially influencing future campaign... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Franklin County, Georgia, the 2020 U.S. Presidential Election saw a strong Republican preference with approximately 84% of the vote. Democrats trailed significantly with around 15%, while Libertarian support was minimal at just under 1%. Notably, no votes were recorded for the Green Party, which might suggest limited appeal or presence in the area. This voting pattern might reflect broader regional trends and could inform future campaign strategies.
84.25% of voters voted for the Republican party in the 2020 Presidential Election
14.80% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Franklin County, Georgia has seen its student-to-teacher ratio drop from 15 to around 13 over the past decade. While there have been fluctuations, like a dip to nearly 12 in 2019 and a rise to 14 in 2021, the current ratio is favorable compared to the national average of 14. This trend might attract families prioritizing education, making it an interesting data point for investors, appraisers, and real estate agents assessing local property market dynamics and educational support... Read more
Student-to-teacher ratio in Franklin County, Georgia over the last 10 years
Over the past ten years, Franklin County, Georgia has observed a downward trend in its student-to-teacher ratio, moving from 15 students per teacher in 2014 to around 13 in 2023. This reduction suggests a potential improvement in educational quality, as lower ratios typically allow for more individualized attention. However, notable fluctuations, like the dip to nearly 12 students per teacher in 2019 and a subsequent rise to 14 in 2021, indicate some variability. Compared to the current national average of 14 students per teacher, Franklin County's ratios could be seen as relatively favorable, potentially making it an attractive spot for families prioritizing education. Investors, appraisers, and real estate agents might find such metrics compelling when assessing the area's property market dynamics and educational support infrastructure.
