Hancock County Real Estate and Livability Trends
Hancock County, Georgia's real estate market has seen median home values rise from $66,700 in 2015 to $93,500 in 2022, signaling potential growth, albeit still below state and national averages. There is a noticeable shift towards sustainability with residential energy tax credits peaking at $1,360.00 in 2018. Property taxes have also climbed from $2,208.62 in 2012 to $2,835.29 in 2021,... Read more
Hancock County Market Trends
Hancock County, Georgia's real estate market has shown a notable upward trend in median home values, increasing from $66,700 in 2015 to $93,500 in 2022, yet still lagging behind state and national averages. The county also exhibits a growing focus on energy efficiency, with residential energy tax credits per return peaking at $1,360.00 in 2018, indicating a community moving towards sustainable... Read more
Median Value of Occupied Housing Units in Hancock County, Georgia Over the Last 8 Years
Hancock County, Georgia has seen a fluctuating but generally increasing trend in median home values over the past eight years, from $66,700 in 2015 to $93,500 in 2022. While this growth is substantial, home values in Hancock County are consistently lower compared to the state and national averages. For Georgia, the median value rose from $148,100 in 2015 to $245,900 in 2022. Nationally, the figures spiked from $125,500 to $179,400 in the same period. For potential investors or individuals considering relocating, Hancock County's relatively lower housing prices could indicate a more affordable entry point into the real estate market compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Hancock County, GA Over the Last 9 Years
Over the past nine years, Hancock County, Georgia has seen a significant increase in the average residential energy tax credit per tax return, peaking at $1,360.00 in 2018. This upward trend indicates a growing investment in energy-efficient technologies and reflects a potential opportunity for investors and property developers to tap into a community increasingly geared towards sustainable living. Notably, the higher tax credits in recent years suggest an escalating commitment to residential energy improvements, making this location particularly attractive for eco-conscious buyers and investors.
Average Real Estate Taxes Per Tax Return in Hancock County, GA Over the Last 10 Years
Average real estate taxes per tax return in Hancock County, Georgia have seen a general upward trend over the past decade, with fluctuations. Starting from $2,208.62 in 2012, there have been notable spikes and dips, such as a rise to $2,800.00 in 2019 and a slight decrease to $2,835.29 in 2021 after peaking at $2,895.24 in 2020. This trend might suggest an increasing property tax burden, a factor potential investors or new residents might want to consider when assessing the long-term affordability of living or investing in this area.
Percentage of Farm Returns in Hancock County, GA Over the Last 10 Years
Over the last decade, Hancock County, Georgia has shown a fluctuating but generally decreasing trend in the percentage of farm tax returns. Farm tax returns, which are essentially annual filings required by those engaged in farming activities for taxation purposes, shed light on the agricultural economic activities within a county. In 2012, the percentage was approximately 2.87%, dipping to around 2.21% by 2014, before slightly rising and falling in the following years, settling at roughly 2.55% in 2021. These percentages could indicate shifts in agricultural profitability or changes in the number of active farms, which is relevant for those interested in the local agricultural market, property development, or moving to an area with varying farm-based economic activities. Potential investors might find this trend particularly useful as it hints at the evolving agricultural landscape in Hancock County.
Number of Mortgages by Occupancy Type in Hancock County, GA Over the Last 5 Years in Hancock County
Hancock County, Georgia has seen fluctuating numbers in mortgages for principal residences, second residences, and investment properties over the past five years. Principal residence mortgages increased sharply between 2018 and 2021, peaking at 250 but then dropping to 183 by 2022. Second residence mortgages also saw a notable rise in 2020 and 2021, reaching up to 169 before declining. Investment property mortgages have remained relatively stable but low, with slight decreases from 19 in 2018 to 15 in 2022. These changes in occupancy type might matter because they can reflect economic conditions, shifts in housing demand, and investment trends, which ripple out to impact property values, real estate investment strategies, and the broader local economy.
Economic Outlook
In Hancock County, Georgia, the average taxable income per tax return has risen from $32,677.99 in 2013 to $42,652.27 by 2021, hinting at possible economic strengthening in the area. Average state and local income taxes have fluctuated, from $2,695.00 in 2012 to a peak of $3,782.61 in 2019, then down to $3,357.89 by 2021. Meanwhile, average total tax liability per tax return has seen a consistent increase, peaking at $5,352.13 in 2016 and stabilizing around $5,184.45 in 2021. This data suggests... Read more
Average Taxable Income per Tax Return in Hancock County, GA over the last 9 years
Average taxable income per tax return in Hancock County, Georgia has shown a general upward trend over the last nine years. From $32,677.99 in 2013, it has steadily increased to $42,652.27 by 2021. This growth, despite some fluctuations, might indicate economic strengthening in the area, which could be appealing to potential investors or new residents. The recent sharp rise in 2021 suggests possible post-pandemic economic recovery, making it a potentially lucrative time for real estate and business opportunities.
Average State and Local Income Taxes Per Tax Return in Hancock County, GA Over the Last 10 Years
In Hancock County, Georgia, the average state and local income taxes per tax return have shown a general upward trend over the past decade. Starting from $2,695.00 in 2012, there's been notable variability, peaking at $3,782.61 in 2019 before slightly declining to $3,357.89 in 2021. Such fluctuations indicate dynamic fiscal policy impacts or economic changes that might inform potential investments or residential decisions.
Average Total Tax Liability Per Tax Return in Hancock County, GA Over the Last 10 Years
Over the past decade, Hancock County, Georgia has seen fluctuations in average total tax liability per tax return, starting from $3,574.86 in 2012 to a peak of $5,352.13 in 2016, before slightly stabilizing, ending at $5,184.45 in 2021. Despite some variations, the general trend indicates a consistent increase in tax liabilities, suggesting rising incomes or property values, making it a point of interest for potential investors or new residents evaluating fiscal trends.
Cost of Living in Hancock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,048 | $1,440 | $1,610 | $1,048 | $1,027 |
| 1 adult 4 children | $1,048 | $1,176 | $1,230 | $1,048 | $1,079 |
| 2 adults 3 children | $1,048 | $1,176 | $1,398 | $1,048 | $823 |
| 1 adult 3 children | $1,048 | $960 | $1,017 | $1,048 | $847 |
| 2 adults 2 children | $772 | $963 | $1,185 | $908 | $711 |
| 1 adult 2 children | $772 | $719 | $805 | $908 | $624 |
| 2 adults 1 child | $772 | $761 | $973 | $454 | $678 |
| 1 adult 1 child | $772 | $492 | $593 | $454 | $563 |
| 2 adults | $684 | $611 | $760 | $0 | $618 |
| 1 adult | $648 | $333 | $380 | $0 | $530 |
Safety trends & Data
Property crime in Hancock County, Georgia, shows fluctuating trends over the past five years. Vandalism incidents have become increasingly notable, peaking at 7 incidents in 2022. Larceny-theft remains relatively consistent, while motor vehicle theft and burglary show unpredictability, with isolated spikes like the 4 burglary incidents in 2019. Understanding these patterns can guide better decisions on property safety and valuation for real estate investors, appraisers, insurance agents, and... Read more
Property Crime Trends in Hancock County, GA Over the Last 5 Years
Property crime in Hancock County, Georgia, shows fluctuating trends over the past five years, with vandalism increasingly notable, peaking at 7 incidents in 2022. Larceny-theft remains relatively consistent, while motor vehicle theft and burglary show less predictability. Isolated spikes, such as 2019's burglary increase to 4 incidents, signal potential areas of concern or opportunity for preventive measures. For real estate investors, appraisers, insurance agents, and residents alike, understanding these patterns might guide better decisions on property safety and valuation.
Demographics
Hancock County, Georgia, presents an intriguing blend of demographic trends that provide context to its dynamic socio-economic landscape. The population skews male, suggesting potential influences on workforce composition and community engagement. Educational attainment levels reveal a concentration of residents with high school diplomas or less, hinting at possible labor market challenges and opportunities for educational outreach. The county's age distribution signals a significant proportion... Read more
Race Distribution in Hancock County, Georgia (2022)
Educational Attainment in Hancock County, Georgia (2022)
Age Distribution in Hancock County, Georgia
Citizen Population in Hancock County, Georgia (2022)
Political Trends & Data
In Hancock County, Georgia, the 2020 U.S. Presidential Election showed that Democrats potentially had substantial support, securing around 71.7% of the vote. Republicans, with roughly 27.8%, trailed significantly. Libertarians were a minor presence with a little over 0.5%, and other parties had no notable impact. This voting pattern might indicate that the county could be a Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hancock County, Georgia, the 2020 U.S. Presidential Election results indicate that Democratic support was potentially very strong, with approximately 71.7% of the vote. On the other hand, Republicans garnered around 27.8%, which suggests a significant gap between the two major parties. Libertarians received just over 0.5%, and there was no significant impact from Green Party candidates or other parties. These results could imply a solid Democratic stronghold in this county.
27.83% of voters voted for the Republican party in the 2020 Presidential Election
71.67% of voters voted for the Democrat party in the 2020 Presidential Election
0.50% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Hancock County, Georgia, has experienced considerable shifts in its student-to-teacher ratio, varying from nearly twelve students per teacher in 2014 and 2023 to about eighteen in 2022. While a lower ratio may indicate more personalized education and could be a draw for families, the fluctuations suggest a need for careful consideration by property investors and developers in understanding how these educational trends might affect property values and neighborhood appeal. Compared to the... Read more
Student-to-teacher ratio in Hancock County, Georgia over the last 10 years
The student-to-teacher ratio in Hancock County, Georgia has seen notable fluctuations over the past decade, ranging from a low of nearly twelve students per teacher in 2014 and 2023 to a peak of around eighteen in 2022. This range of variance can offer insights for prospective residents, property investors, and real estate agents regarding the local educational environment. Compared to the U.S. national average of fourteen students per teacher, Hancock County exhibited periods of both more intimate and more crowded classroom settings. For parents considering a move, a lower student-to-teacher ratio might suggest more personalized attention for their children, which can be a strong selling point. Conversely, developers and appraisers might consider how these educational dynamics impact property values and neighborhood desirability.
