Gwinnett County Real Estate and Livability Trends
Gwinnett County, Georgia is witnessing a substantial hike in median home values from $167,700 in 2015 to $307,300 in 2022, which could catch the eye of investors seeking high returns. The increase in residential energy tax credits and average real estate taxes further underscores a burgeoning market likely propelled by demand and sustainability incentives. The drop in the percentage of farm tax... Read more
Gwinnett County Market Trends
Gwinnett County, Georgia's real estate market is on a notable upswing, with median home values soaring from $167,700 in 2015 to $307,300 in 2022, outpacing both state and national trends. This surge may interest investors seeking robust returns and homeowners eyeing significant appreciation. Fluctuations in residential energy tax credits, peaking at $1,350.27 in 2018 and rising again to $1,166.21... Read more
Median Value of Occupied Housing Units in Gwinnett County, Georgia Over the Last 8 Years
Gwinnett County, Georgia has seen a significant upward trend in median home values over the last 8 years, jumping from $167,700 in 2015 to $307,300 in 2022. This outpaces both the state of Georgia and the national trends, where median values rose from $148,100 to $245,900 in Georgia and from $125,500 to $179,400 nationwide. For investors and homebuyers, this robust growth indicates a strong local real estate market, potentially leading to considerable returns on investment.
Residential Energy Tax Credit Per Tax Return in Gwinnett County, GA Over the Last 9 Years
Gwinnett County, Georgia has seen significant fluctuations in residential energy tax credits per tax return over the past nine years, peaking in 2018 at $1,350.27. After a sharp dip in 2019 to $736.44, there has been a steady increase, reaching $1,166.21 in 2021. This trend suggests growing incentives for energy-efficient home investments, reflecting both state and federal emphasis on sustainable living solutions. Investors, homeowners, and potential residents may find this financial trend encouraging for future energy-conscious developments or upgrades.
Average Real Estate Taxes Per Tax Return in Gwinnett County, GA Over the Last 10 Years
Over the past decade, Gwinnett County, Georgia has seen a noticeable rise in average real estate taxes per tax return. The trend reveals a steady increase from $2,764.43 in 2012 to a peak of $5,069.07 in 2021. This may suggest increasing property values and growing demand in the area, making it potentially attractive for investors. However, higher taxes might also impact the affordability for prospective residents.
Percentage of Farm Returns in Gwinnett County, GA Over the Last 10 Years
The percentage of farm tax returns in Gwinnett County, Georgia, has shown a gradual decline over the past decade, from 0.15% in 2012 to about 0.10% in 2020, with a slight uptick to 0.10% in 2021. Farm tax returns, which represent the number of tax filings from agricultural businesses, reflect the level of farming activity in the county. This declining trend might indicate reduced agricultural investment or farm presence, potentially impacting decisions for investors, property developers, or potential residents who prioritize rural or semi-rural community attributes.
Number of Mortgages by Occupancy Type in Gwinnett County, GA Over the Last 5 Years in Gwinnett County
Over the past five years, Gwinnett County, Georgia has generally shown a sharp increase in the number of mortgages for principal residences, peaking in 2021 with 81,192. Investment properties saw fluctuating but notably lower numbers, with a peak in 2021 at 5,307 mortgages before decreasing to 3,823 in 2022. Mortgages for second residences remained consistently low in comparison. These occupancy type changes might matter to investors and real estate agents because principal residences dominate the market, indicating a potentially stable and growing population. For appraisers and insurance agents, the decreasing interest in investment properties could impact market valuations and risk assessments. Understanding these trends helps in making informed decisions about property development, investments, and insurance underwriting in the area.
Economic Outlook
Gwinnett County, Georgia has experienced a notable rise in average taxable income per tax return, peaking at $71,587.96 in 2021, suggesting growing economic vitality attractive to investors and developers. Alongside this, average state and local income taxes per tax return climbed from approximately $5,102.33 in 2012 to $8,834.18 by 2021, indicating increasing fiscal obligations. Moreover, the average total tax liability per tax return rose to $11,786.53 in 2021, underscoring economic... Read more
Average Taxable Income per Tax Return in Gwinnett County, GA over the last 9 years
Over the past nine years, Gwinnett County, Georgia has seen a notable increase in average taxable income per tax return, peaking at $71,587.96 in 2021. This trend could make the county an attractive option for potential investors and property developers, indicating a growing economic vitality. With consistent year-over-year growth, except for a slight dip in 2020, the data suggests a potential for robust consumer spending and a stable economic environment for businesses looking to set up shop or expand within the county.
Average State and Local Income Taxes Per Tax Return in Gwinnett County, GA Over the Last 10 Years
Gwinnett County, Georgia has seen a significant upward trend in average state and local income taxes per tax return over the last decade. Starting at approximately $5,102.33 in 2012, the figure climbed gradually each year, reaching a remarkable $8,834.18 by 2021. This consistent increase, especially the sharp rise observed in 2018 onward, underscores a growing fiscal environment that potential investors, property developers, and new residents should be aware of when considering economic planning and personal finances.
Average Total Tax Liability Per Tax Return in Gwinnett County, GA Over the Last 10 Years
Over the last decade, Gwinnett County, Georgia has seen a notable rise in average total tax liability per tax return. Starting at $8,533.84 in 2012, it peaked dramatically at $11,786.53 in 2021. This consistent upward trend, especially the significant jump in 2021, signifies a growing economic prosperity in the area. For investors and prospective residents, this suggests a thriving community with potential for significant returns and an increasing cost of living.
Cost of Living in Gwinnett County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,047 | $1,484 | $1,815 | $1,736 | $1,931 |
| 1 adult 4 children | $2,047 | $1,212 | $1,387 | $1,736 | $2,041 |
| 2 adults 3 children | $2,047 | $1,212 | $1,575 | $1,736 | $1,653 |
| 1 adult 3 children | $2,047 | $990 | $1,147 | $1,736 | $1,803 |
| 2 adults 2 children | $1,682 | $992 | $1,335 | $1,522 | $1,344 |
| 1 adult 2 children | $1,682 | $741 | $907 | $1,522 | $1,420 |
| 2 adults 1 child | $1,682 | $784 | $1,096 | $828 | $1,175 |
| 1 adult 1 child | $1,682 | $507 | $668 | $828 | $1,126 |
| 2 adults | $1,489 | $630 | $856 | $0 | $965 |
| 1 adult | $1,457 | $344 | $428 | $0 | $881 |
Safety trends & Data
Gwinnett County, Georgia, has seen fluctuating property crime trends, with notable decreases in larceny-theft arrests from 2018 to 2020, followed by a sharp rise in 2022. Burglary and vandalism cases dropped significantly in 2020 but gradually rose again by 2022. While fraud and embezzlement arrests remained low, fraud cases notably spiked in 2022. Motor vehicle theft exhibited erratic patterns, peaking in 2022. These insights provide valuable context for investors, appraisers, and insurance... Read more
Property Crime Trends in Gwinnett County, GA Over the Last 5 Years
Property crime trends in Gwinnett County, Georgia show a significant decrease in larceny-theft arrests from 2018 to 2020, followed by a sharp increase in 2022. Burglary and vandalism cases saw a considerable drop in 2020 but gradually increased again by 2022. Fraud and embezzlement arrests remained relatively low throughout the period, with a notable spike in fraud cases in 2022. Motor vehicle theft showed erratic movements, with the highest number recorded in 2022. These fluctuations highlight the changing landscape of property crimes in Gwinnett County, offering valuable insights for investors, appraisers, insurance agents, and those considering moving to the area.
Demographics
Gwinnett County, Georgia has a relatively balanced gender distribution with slightly more females than males. The community showcases a diverse educational background, with a significant chunk attaining at least a bachelor's degree, which might indicate a well-educated workforce. The age distribution is fairly spread out but skews towards the 35 to 54-year age bracket, potentially reflecting a workforce-heavy demographic. Racially, the county is quite diverse, with notable populations of White,... Read more
Race Distribution in Gwinnett County, Georgia (2022)
Educational Attainment in Gwinnett County, Georgia (2022)
Age Distribution in Gwinnett County, Georgia
Citizen Population in Gwinnett County, Georgia (2022)
Political Trends & Data
Gwinnett County, Georgia indicated a significant Democrat preference in the 2020 U.S. Presidential Election, snagging about 58.4% of the vote compared to Republicans' 40.2% and Libertarians' 1.4%. This shift might mirror evolving demographics or cultural trends, possibly influencing local policy and, by extension, impacting real estate markets through changes in economic priorities and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gwinnett County, Georgia showed a notable leaning towards the Democratic Party in the 2020 U.S. Presidential Election, with Democrats capturing approximately 58.4% of the vote. Republicans followed with around 40.2%, while Libertarians garnered about 1.4%. The remaining votes were not significantly divided among other parties. This trend might indicate a shift in political dynamics within the county, potentially reflecting broader demographic or cultural changes.
40.21% of voters voted for the Republican party in the 2020 Presidential Election
58.43% 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
Gwinnett County, Georgia has seen a gradual decline in its student-to-teacher ratio from almost 16 in 2014 to just under 15 in 2023, now standing at approximately 14.73. This trend might signal improving educational conditions, which are typically linked to rising property values and increased community appeal. These shifts suggest a more favorable learning environment, potentially influencing decisions on relocating or investing in the area, as lower ratios often mean more personalized... Read more
Student-to-teacher ratio in Gwinnett County, Georgia over the last 10 years
Gwinnett County, Georgia has seen a gradual decline in its student-to-teacher ratio over the past decade, moving from almost 16 students per teacher in 2014 to just under 15 in 2023. For investors, families looking to move, real estate agents, and others involved in property decisions, these shifts may indicate improving educational conditions, often linked to rising property values and increased community appeal. The current student-to-teacher ratio of approximately 14.73 brings Gwinnett County closer to the national average of 14, suggesting a more favorable learning environment that might influence decisions on relocating or investing in the area. Lower ratios generally imply more personalized attention to students, impacting overall academic performance and satisfaction, which can further influence local real estate markets.
