Lamar County Real Estate and Livability Trends
Lamar County, Georgia has seen a marked rise in average taxable income from $39,041.34 in 2013 to $56,515.91 by 2021, which suggests an uptick in economic growth and resident earning power. The median home values have also jumped from $124,300 in 2015 to $177,000 in 2022, though they lag slightly behind Georgia's overall market growth. Residential energy tax credits spikes and rising real estate... Read more
Lamar County Market Trends
Median home values in Lamar County, Georgia have increased from $124,300 in 2015 to $177,000 in 2022, slightly lagging behind Georgia's overall market growth but outpacing some national averages at times. Residential energy tax credits have seen spikes, such as $1,133.33 in 2018 and $1,200.00 in 2021, indicating a rising interest in energy-efficient improvements. Real estate taxes have climbed... Read more
Median Value of Occupied Housing Units in Lamar County, Georgia Over the Last 8 Years
Median home values in Lamar County, Georgia have shown a steady increase over the past eight years, from $124,300 in 2015 to $177,000 in 2022. This trajectory, while impressive, has slightly lagged behind state-level trends where Georgia saw home values rise from $148,100 to $245,900 within the same period. Notably, Lamar County's growth outpaced the national trend during certain periods, hinting at a resilient local market even as national values climbed from $125,500 to $179,400. For potential investors or future residents, Lamar County's consistent growth relative to national figures presents a potentially undervalued opportunity amid a competitive state market.
Residential Energy Tax Credit Per Tax Return in Lamar County, GA Over the Last 9 Years
Residential Energy Tax Credits in Lamar County, Georgia, have shown significant variation over the past nine years. There's a notable spike in 2018 with an average credit of $1,133.33, and again in 2021 with $1,200.00 per tax return, which were significantly higher compared to the previous years. This increase indicates a growing investment in energy-efficient home improvements or installations, making it an attractive area for those interested in sustainability and energy savings. Those looking to invest or build properties should consider these trends as indicative of a community that values and supports residential energy efficiency.
Average Real Estate Taxes Per Tax Return in Lamar County, GA Over the Last 10 Years
In Lamar County, Georgia, there's been a noticeable upward trend in average real estate taxes per tax return over the past decade. Starting at approximately $1,917.58 in 2012, taxes have climbed each year, reaching around $3,135.85 by 2021. This consistent rise, especially the significant spike in 2018, suggests a potential increase in property values and development in the area, which might be attractive to investors and developers seeking growth opportunities. While it could signal increased responsibilities for homeowners, it also hints at a strengthening local economy and infrastructure improvements.
Percentage of Farm Returns in Lamar County, GA Over the Last 10 Years
In Lamar County, Georgia, the percentage of farm tax returns has shown some variability over the past decade, fluctuating mostly between 2.1% and 2.6%. Interestingly, while the percentage hovered around 2.5% for several years, there has been a noticeable decline since 2018, with the latest data from 2021 indicating a figure of around 2.2%. Farm tax returns, in this context, represent the number of tax filings from farms relative to total tax filings in the county. This matters whether you're considering moving to the area, investing, or developing property because it gives insight into the local agricultural activities and economic health.
Number of Mortgages by Occupancy Type in Lamar County, GA Over the Last 5 Years in Lamar County
Lamar County, Georgia has seen a notable increase in mortgages for principal residences over the last five years, rising from 671 in 2018 to 1,445 in 2021, with a slight dip to 1,192 in 2022. Investment property mortgages have fluctuated modestly, peaking at 66 in 2022. Second residences, however, have remained a small portion of the market, consistently low across the period. Shifts in occupancy types suggest changing demands and perceptions of the area's desirability, influencing property values and market stability. These trends are crucial for investors, builders, real estate agents, and insurance agents, as they could impact risk assessments, investment strategies, and development plans. Understanding these changes helps in making informed decisions regarding property acquisitions and appraisals.
Economic Outlook
Lamar County, Georgia has experienced a notable rise in average taxable income per tax return from $39,041.34 in 2013 to $56,515.91 by 2021, which might signal potential economic growth and increasing earning power among residents. State and local income taxes have also climbed from $3,485.56 in 2012 to $6,607.02 in 2021, suggesting improved infrastructure and public services that could appeal to investors and homebuyers. Additionally, total tax liability per tax return has grown from $4,916.77... Read more
Average Taxable Income per Tax Return in Lamar County, GA over the last 9 years
Lamar County, Georgia has seen a consistent rise in average taxable income per tax return over the last nine years. Starting at $39,041.34 in 2013, the value steadily climbed to $56,515.91 by 2021. This trend indicates potential economic growth and increasing earning power among residents, making the county potentially attractive for investments, property development, and residential moves. Potential investors and developers might find this upward trajectory promising for long-term planning and financial forecasting.
Average State and Local Income Taxes Per Tax Return in Lamar County, GA Over the Last 10 Years
Over the past decade in Lamar County, Georgia, state and local income taxes per tax return have seen a consistent upward trend, starting at $3,485.56 in 2012 and rising to $6,607.02 by 2021. This steady increase indicates a growing fiscal responsibility or potential economic growth in the region. For investors and potential residents, this trend could signify improved infrastructure and public services funded by these taxes. Those looking to build property here might consider the long-term benefits of such investment in a continually developing region.
Average Total Tax Liability Per Tax Return in Lamar County, GA Over the Last 10 Years
In the past decade, Lamar County, Georgia has seen a steady increase in the average total tax liability per tax return, rising from $4,916.77 in 2012 to $7,482.22 in 2021. This consistent upward trend reflects growing obligations for taxpayers and signals an evolving economic landscape. Those considering investing, moving, or building in the area should note this steady rise, as it impacts financial planning and budget expectations.
Cost of Living in Lamar County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,256 | $1,251 | $1,896 | $1,313 | $1,228 |
| 1 adult 4 children | $1,256 | $1,021 | $1,449 | $1,313 | $1,338 |
| 2 adults 3 children | $1,256 | $1,022 | $1,645 | $1,313 | $1,022 |
| 1 adult 3 children | $1,256 | $834 | $1,199 | $1,313 | $1,081 |
| 2 adults 2 children | $950 | $836 | $1,394 | $1,148 | $855 |
| 1 adult 2 children | $950 | $625 | $948 | $1,148 | $806 |
| 2 adults 1 child | $950 | $661 | $1,143 | $614 | $801 |
| 1 adult 1 child | $950 | $427 | $697 | $614 | $685 |
| 2 adults | $722 | $531 | $893 | $0 | $646 |
| 1 adult | $717 | $290 | $446 | $0 | $572 |
Safety trends & Data
Lamar County, Georgia has observed shifts in property crimes over the past five years. Burglary incidents peaked at 8 in 2020, while larceny-theft plummeted from 14 in 2018 to 1 in 2021. Vandalism also significantly decreased from 10 in 2018 to 2 in 2020. Motor vehicle theft, although generally low, showed minor fluctuations, hinting at potential vehicle security concerns. These trends potentially spell good news for businesses and new residents considering relocation, presenting an overall... Read more
Property Crime Trends in Lamar County, GA Over the Last 5 Years
Lamar County, Georgia has seen some noteworthy shifts in property crimes over the past five years. Burglary incidents fluctuated, peaking at 8 in 2020, while larceny-theft showed a significant drop from 14 in 2018 to just 1 in 2021. Vandalism rates have similarly shown a marked decrease from 10 in 2018 to 2 in 2020. Meanwhile, motor vehicle theft remained relatively low but exhibited minor variances, emphasizing potential concerns for vehicle security. These crime trends can offer insights for investment decisions, real estate evaluations, and local policy-making, indicating a general decline in property-related offenses which might be appealing for businesses and new residents.
Demographics
Lamar County, Georgia shows a slightly higher female adult population compared to males. Educational attainment suggests a predominant number of residents have either completed high school or attended some college. In terms of age distribution, the county sees a sizeable representation across various age groups, with a notable portion aged between 55 and 64. Racially, the majority are White, with a significant Black or African American community and very small percentages of other racial... Read more
Race Distribution in Lamar County, Georgia (2022)
Educational Attainment in Lamar County, Georgia (2022)
Age Distribution in Lamar County, Georgia
Citizen Population in Lamar County, Georgia (2022)
Political Trends & Data
Lamar County, Georgia's substantial conservative bias, with Republicans securing approximately 70% of the 2020 Presidential vote, potentially steers local and state policy decisions towards more traditional and possibly business-friendly positions. This political climate could shape real estate trends by favoring development regulations that attract investment while maintaining a lower tax environment, making it appealing for new businesses and potentially increasing demand for commercial real... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lamar County, Georgia, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, capturing roughly 70% of the vote. Democrats trailed with just under 29%, and Libertarians made a minor showing with about 1%. This suggests a strong conservative preference in the area, which might influence local and state policy-making.
70.03% of voters voted for the Republican party in the 2020 Presidential Election
28.93% 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
Lamar County, Georgia's student-to-teacher ratio has fluctuated between 15 and 17 over the past decade, recently settling around 16 students per teacher. This is slightly above the national average of 14, possibly indicating larger class sizes and less individualized attention for students. For real estate professionals, insurers, and community planners, this dynamic provides a window into local educational resources, pointing to potential areas for investment or... Read more
Student-to-teacher ratio in Lamar County, Georgia over the last 10 years
Over the past decade, Lamar County, Georgia has experienced a fluctuation in its student-to-teacher ratio, generally hovering between 15 and 17 students per teacher. With recent figures around 16 students per teacher, it is slightly above the national average of 14 students per teacher. This higher ratio might suggest larger class sizes, which could impact individualized attention for students and thereby influence educational outcomes. For those involved in real estate, insurance, or community planning, understanding these dynamics could offer insights into local educational resources and potential areas for investment or improvement.
