Henry County Real Estate and Livability Trends
Henry County, Georgia has seen a significant jump in median home values, from $140,300 in 2015 to $245,200 in 2022, suggesting robust growth potential. The rise in residential energy tax credits per tax return, from $365.64 in 2013 to $1,421.83 in 2021, points to a local push for energy-efficient upgrades, drawing eco-conscious buyers. Average real estate taxes per tax return nearly doubled from... Read more
Henry County Market Trends
Henry County, Georgia has experienced a notable spike in median home values, jumping from $140,300 in 2015 to $245,200 in 2022, outpacing both national and state averages. The substantial increase in residential energy tax credits per tax return—rising from $365.64 in 2013 to $1,421.83 in 2021—highlights a local push towards energy-efficient improvements, making the area attractive for... Read more
Median Value of Occupied Housing Units in Henry County, Georgia Over the Last 8 Years
Henry County, Georgia has seen a substantial increase in median home values over the last eight years, with the value jumping from $140,300 in 2015 to $245,200 in 2022. This growth outpaces both the national and state averages, suggesting heightened demand and potentially attractive returns for investors. While Georgia's overall median home value also experienced robust growth, the rate in Henry County is particularly striking. For perspective, the national median only rose from $125,500 to $179,400 during the same period. This trend might signal Henry County as a prime market for those considering a home purchase or investment in the region.
Residential Energy Tax Credit Per Tax Return in Henry County, GA Over the Last 9 Years
Henry County, Georgia has seen a marked increase in residential energy tax credits claimed per tax return over the past nine years. Starting at just $365.64 in 2013, the average credit surged to $1,421.83 by 2021. This sharp rise, particularly post-2017, highlights growing investments in energy-efficient home improvements and renewable energy installations, making Henry County an appealing spot for eco-conscious homeowners and property developers. For those considering a move or investment, this trend signals a local commitment to sustainable living, which could imply future savings and programs favoring green energy.
Average Real Estate Taxes Per Tax Return in Henry County, GA Over the Last 10 Years
In Henry County, Georgia, average real estate taxes per tax return have seen a notable upward trend over the past decade, rising from $1,961.11 in 2012 to $3,984.70 by 2021. This consistent increase presents a crucial consideration for potential investors, homebuyers, and property developers evaluating the area. The steady growth, particularly the sharper hikes observed from 2017 onward, may reflect broader economic factors and local policy changes impacting property tax rates.
Percentage of Farm Returns in Henry County, GA Over the Last 10 Years
Henry County, Georgia has seen a gradual decline in farm tax returns over the past decade, with percentages dropping from around 0.33% in 2012 to roughly 0.22% in 2021. Farm tax returns provide a financial snapshot of farming income reported for tax purposes, which indirectly reflects the agricultural activity within the area. The declining trend suggests that agriculture might be becoming less of a substantial economic driver in Henry County. Those looking to invest or build property might interpret this as a shift towards urbanization or other sectors gaining prominence, making it relevant for assessing the county’s economic evolution.
Number of Mortgages by Occupancy Type in Henry County, GA Over the Last 5 Years in Henry County
Henry County, Georgia has seen substantial fluctuations in mortgage counts for different occupancy types over the last five years. Principal residences have consistently dominated the market, reflecting strong demand from owner-occupiers. However, there's been notable growth in the number of mortgages for investment properties, which may suggest increasing interest from real estate investors. Changes in the number of mortgages for second residences have been minimal but might indicate stability in that segment. Understanding these shifts is crucial for investors evaluating market opportunities, appraisers assessing property values, and insurance agents underwriting policies, as demand dynamics can significantly influence property values, rental yields, and insurance risks.
Economic Outlook
Henry County, Georgia has experienced a noteworthy rise in average taxable income per tax return, growing from $50,220.60 in 2013 to $61,104.66 in 2021, indicating potential economic stability and growth. Concurrently, average state and local income taxes per tax return have increased, from $4,210.91 in 2012 to $6,173.45 in 2021, with significant jumps suggesting possible policy changes. Despite fluctuations, average total tax liability has also trended upward, from $6,981.13 in 2012 to... Read more
Average Taxable Income per Tax Return in Henry County, GA over the last 9 years
Henry County, Georgia has seen a steady increase in average taxable income per tax return over the past nine years, climbing from approximately $50,220.60 in 2013 to around $61,104.66 in 2021. This upward trend could signal potential growth and economic stability, making it an attractive area for investment, property development, and relocation. The notable jump in income from 2020 to 2021 suggests possible impacts from broader economic factors that may continue to influence future earnings.
Average State and Local Income Taxes Per Tax Return in Henry County, GA Over the Last 10 Years
In Henry County, Georgia, average state and local income taxes per tax return have seen a steady upward trend over the last decade, rising from $4,210.91 in 2012 to $6,173.45 in 2021. The notable increases in 2017 and a significant jump in 2018 highlight economic changes or possible tax policy shifts. These shifts hold implications for those looking to invest, move, or build properties in Henry County, as higher taxes could impact disposable income and housing affordability.
Average Total Tax Liability Per Tax Return in Henry County, GA Over the Last 10 Years
Over the last decade, Henry County, Georgia has seen a steady increase in the average total tax liability per tax return, rising from $6,981.13 in 2012 to $8,806.88 in 2021. While there were slight dips, particularly in 2018 and 2019, the overall trajectory suggests a consistent upward trend. This increase indicates a growing economic base and potentially higher median incomes, making it an interesting spot for investors and potential residents who are keen on understanding the financial dynamics of the area.
Cost of Living in Henry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,817 | $1,492 | $1,867 | $1,736 | $1,863 |
| 1 adult 4 children | $1,817 | $1,218 | $1,427 | $1,736 | $1,964 |
| 2 adults 3 children | $1,817 | $1,219 | $1,620 | $1,736 | $1,578 |
| 1 adult 3 children | $1,817 | $995 | $1,180 | $1,736 | $1,720 |
| 2 adults 2 children | $1,493 | $998 | $1,373 | $1,522 | $1,292 |
| 1 adult 2 children | $1,493 | $745 | $933 | $1,522 | $1,356 |
| 2 adults 1 child | $1,493 | $789 | $1,126 | $828 | $1,133 |
| 1 adult 1 child | $1,493 | $509 | $686 | $828 | $1,058 |
| 2 adults | $1,322 | $633 | $879 | $0 | $926 |
| 1 adult | $1,293 | $346 | $440 | $0 | $818 |
Safety trends & Data
Henry County, Georgia has experienced notable fluctuations in property crime, with larceny-theft peaking at 565 incidents in 2018 and dropping to a low of 97 in 2020. Fraud has shown a steady increase from 16 incidents in 2020 to 92 in 2022, while burglary and motor vehicle theft saw sharp declines in 2020. Such trends could influence decisions for investors, real estate agents, and insurance professionals, affecting assessments of risk and property... Read more
Property Crime Trends in Henry County, GA Over the Last 5 Years
Property crime trends in Henry County, Georgia over the past five years indicate varied levels of criminal activity with notable fluctuations in specific categories. Larceny-theft has consistently been the most prevalent crime, peaking at 565 incidents in 2018 and dropping to a low of 97 in 2020, before rising again. Vandalism and fraud have shown significant changes, especially fraud, which saw a steady increase from 16 incidents in 2020 to 92 in 2022. Burglary numbers have remained somewhat stable but saw a sharp decline in 2020, mirroring trends in motor vehicle theft. These insights may impact decisions for potential investors, real estate agents, and insurance professionals who monitor crime trends to assess risk and property values.
Demographics
Henry County, Georgia's adult population skews slightly female, with a notable number of residents holding a high school diploma or some college experience. The area shows diverse age ranges, with significant numbers of residents in their late 30s to mid-50s. Racially, the county has a substantial Black or African American community, surpassing their White counterparts. This demographic setup could hint at a focus on educational and community services tailored to a varied and dynamic... Read more
Race Distribution in Henry County, Georgia (2022)
Educational Attainment in Henry County, Georgia (2022)
Age Distribution in Henry County, Georgia
Citizen Population in Henry County, Georgia (2022)
Political Trends & Data
In Henry County, Georgia, the real estate market might be influenced by shifting political dynamics as seen in the 2020 U.S. Presidential Election results. Democrats probably captured around 59.7% of the votes, signaling potential demographic shifts and increased voter engagement in an area typically dominated by Republicans, who garnered about 39.3%. This political shift could impact local policies and economic factors, indirectly affecting property values and investor... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Henry County, Georgia, the 2020 U.S. Presidential Election saw Democrats likely capturing the most voter support with around 59.7% of the votes, while Republicans trailed with approximately 39.3%. Libertarians garnered a small fraction at about 1%. This shift could hint at changing political dynamics in traditionally Republican regions, potentially influenced by demographic changes and heightened voter engagement.
39.26% of voters voted for the Republican party in the 2020 Presidential Election
59.70% of voters voted for the Democrat party in the 2020 Presidential Election
1.04% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Henry County, Georgia has seen fluctuations over the past decade, notably rising from 15.5 in 2017 to nearly 18 in 2023, outpacing the national average of 14. This trend might shape family decisions, influence property values, and guide investment strategies for real estate professionals. Variations in class sizes could also impact appraisals and insurance assessments, critical factors for anyone building or investing in the... Read more
Student-to-teacher ratio in Henry County, Georgia over the last 10 years
Over the past decade, the student-to-teacher ratio in Henry County, Georgia has shown fluctuations, starting at 16 in 2014, dipping to around 15.5 by 2017, and climbing to nearly 18 in 2023. These numbers are consistently above the national average of 14 students per teacher. Such trends might influence decisions for families prioritizing smaller class sizes, affect property values, and shape investment strategies for real estate professionals. Additionally, these variations could impact appraisals and insurance assessments, further informing the decisions of those building or investing in the area.
