Laurens County Real Estate and Livability Trends
Laurens County, Georgia reveals promising real estate trends despite still trailing state and national averages. Median home values have risen from $84,100 in 2015 to $132,000 in 2022, reflecting a growing housing market. Meanwhile, energy-efficient investments appear to be active, with residential energy tax credits peaking at $1,181.82 in 2018 and stabilizing around $800, indicating a community... Read more
Laurens County Market Trends
Laurens County, Georgia has seen notable growth in median home values, from $84,100 in 2015 to $132,000 in 2022, although it still lags behind the state and national averages. Residential energy tax credits per tax return peaked in 2018 at $1,181.82, stabilizing around $800 recently, suggesting an uptick in energy-efficient investments. Real estate taxes in the county have gradually increased... Read more
Median Value of Occupied Housing Units in Laurens County, Georgia Over the Last 8 Years
Laurens County, Georgia has experienced a strong upward trend in median home values over the past eight years, rising from $84,100 in 2015 to $132,000 in 2022. This growth, while significant, still places the county’s median value below the state average, which reached $245,900 in 2022. Nationally, the median value was $179,400 that same year. For potential investors and those considering relocation, Laurens County offers a lower entry point compared to broader state and national markets, making it an appealing option for real estate investments.
Residential Energy Tax Credit Per Tax Return in Laurens County, GA Over the Last 9 Years
Over the past nine years, the residential energy tax credit per tax return in Laurens County, Georgia has shown significant fluctuations. A noteworthy spike occurred in 2018 with an average credit of $1,181.82, almost double compared to the previous years. Although there was a subsequent drop, recent years have stabilized around the $800 mark, indicating a likely increase in energy-efficient investments among residents. This volatility and eventual stabilization suggest an evolving, but increasingly committed approach to energy savings, which could indicate favorable conditions for property developers and investors focusing on green energy initiatives in the area.
Average Real Estate Taxes Per Tax Return in Laurens County, GA Over the Last 10 Years
Over the last decade, Laurens County, Georgia has experienced a notable upward trajectory in average real estate taxes per tax return. Starting at approximately $1,681.90 in 2012, the average real estate taxes saw a peak in 2019 at about $2,881.15. Although there has been some fluctuation, the general trend suggests a gradual increase, which might be indicative of rising property values or shifts in tax policy. Investors and potential homeowners should be cognizant of these trends as they could impact the long-term cost of owning property in the area.
Percentage of Farm Returns in Laurens County, GA Over the Last 10 Years
In Laurens County, Georgia, farm tax returns have hovered around 4.1% to 4.4% over the past decade. These fluctuations, although minimal, suggest relative stability in agricultural activity in the area. This steady trend indicates potential resilience in the local farming sector, which can be a crucial factor for investors, prospective residents, or those interested in agricultural developments. Farm tax returns represent income reported from farming activities, reflecting the county’s economic reliance on agriculture and offering insights into the health and profitability of local farms.
Number of Mortgages by Occupancy Type in Laurens County, GA Over the Last 5 Years in Laurens County
Over the past five years in Laurens County, Georgia, mortgages for principal residences have shown a notable increase, peaking in 2021 before slightly dropping in 2022. Investment property mortgages have declined steadily since 2018, while second residence mortgages have remained relatively low and stable. These shifts suggest changing priorities among homebuyers and investors. For those investing or moving into the area, this could indicate a saturated market for principal residences, offering potential opportunities in less competitive segments like investment properties or second homes. For real estate agents, builders, appraisers, and insurers, understanding these trends is crucial for making informed decisions, guiding clients, and evaluating market risks and opportunities.
Economic Outlook
Laurens County, Georgia has experienced a meaningful rise in average taxable income over the past nine years, peaking at $54,618 in 2021. This upward trend, despite slight dips in 2019 and 2020, may indicate increasing economic prosperity and investment opportunities. Meanwhile, average state and local income taxes have surged, especially after 2017, reaching $7,611.38 by 2021. This suggests higher financial obligations for residents, potentially tied to economic or policy changes. The average... Read more
Average Taxable Income per Tax Return in Laurens County, GA over the last 9 years
Over the past nine years, Laurens County, Georgia has witnessed notable fluctuations in average taxable income per tax return, with a general upward trajectory. By 2021, the average taxable income peaked at approximately $54,618, compared to about $41,306 in 2013. This increase might suggest growing economic prosperity and potentially increased investment opportunities. However, income dipped slightly in 2019 and 2020, possibly reflecting broader economic uncertainties. For investors, builders, and future residents, these trends hint at a dynamic economic environment with both growth potential and variability.
Average State and Local Income Taxes Per Tax Return in Laurens County, GA Over the Last 10 Years
Laurens County, Georgia has seen a steady increase in average state and local income taxes per tax return over the last decade, with a notable jump from $5,164.71 in 2017 to $7,611.38 in 2021. This sharp rise, especially post-2017, suggests growing financial obligations for residents, potentially linked to economic development or policy changes. For investors or potential homeowners, understanding these tax trends is crucial as they directly impact the cost of living and overall financial planning.
Average Total Tax Liability Per Tax Return in Laurens County, GA Over the Last 10 Years
Laurens County, Georgia has seen a steady increase in the average total tax liability per tax return over the past decade, rising from $6,038.07 in 2012 to $7,981.66 in 2021. Notable jumps occurred in 2017 and 2018, reflecting broader economic movements that may interest investors and potential movers. The slight dip in 2019 followed by a resurgence in 2021 suggests fluctuating yet overall growing economic activity, highlighting Laurens County as a potentially promising area for real estate or business development.
Cost of Living in Laurens County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,064 | $1,395 | $1,563 | $1,048 | $963 |
| 1 adult 4 children | $1,064 | $1,140 | $1,194 | $1,048 | $1,014 |
| 2 adults 3 children | $1,064 | $1,140 | $1,357 | $1,048 | $782 |
| 1 adult 3 children | $1,064 | $931 | $988 | $1,048 | $801 |
| 2 adults 2 children | $772 | $933 | $1,151 | $908 | $672 |
| 1 adult 2 children | $772 | $697 | $782 | $908 | $590 |
| 2 adults 1 child | $772 | $738 | $945 | $454 | $650 |
| 1 adult 1 child | $772 | $476 | $576 | $454 | $548 |
| 2 adults | $607 | $593 | $739 | $0 | $574 |
| 1 adult | $603 | $323 | $370 | $0 | $516 |
Safety trends & Data
Laurens County, Georgia has seen property crime rates fluctuate over the past five years, with burglary incidents falling from 31 to 9 and larceny-theft cases dropping from 165 to 32 between 2018 and 2022. While motor vehicle theft and vandalism showed little change, fraud cases have been inconsistent, peaking in 2019 before declining. These trends hint at possible improvements in local security, potentially making it a more attractive area for real estate... Read more
Property Crime Trends in Laurens County, GA Over the Last 5 Years
Over the past five years, Laurens County, Georgia has experienced significant fluctuations in property crime, with notable drops in burglary and larceny-theft cases. From 2018 to 2022, incidents of burglary decreased from 31 to 9, and larceny-theft saw a marked decline from 165 to 32, suggesting improvements in local security measures. On the other hand, while motor vehicle thefts and vandalism showed minimal variation, fraud cases exhibited erratic behavior, peaking in 2019 and declining thereafter. These trends could be pivotal for prospective investors and real estate agents, reflecting a possible shift towards a safer community.
Demographics
Laurens County, Georgia shows a slight female majority in its adult population, with females comprising approximately 53% of the demographic. Educational attainment reveals that high school graduates make up the largest percentage, suggesting that the workforce may have room for educational advancement. Age distribution shows a significant portion of the population is in the 55 to 64 age range, hinting at potential forthcoming economic shifts as this group ages into retirement. Racial... Read more
Race Distribution in Laurens County, Georgia (2022)
Educational Attainment in Laurens County, Georgia (2022)
Age Distribution in Laurens County, Georgia
Citizen Population in Laurens County, Georgia (2022)
Political Trends & Data
Laurens County, Georgia, may show a strong conservative lean, with Republicans dominating the 2020 presidential election vote. Democrats managed to secure a bit over a third of the votes, hinting at a smaller, but present liberal faction. Libertarian candidates received less than one percent, suggesting limited support for third-party options, and the total absence of votes for the Green party implies a stark preference for the two major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Laurens County, Georgia, the 2020 presidential election shows a significant lean towards the Republican party, which might suggest a strong conservative base in this area. With Democrats securing just over a third of the vote, there might be a notable, though smaller, liberal presence. The Libertarian vote share is minimal at less than one percent, which could imply limited support for third-party candidates in this county. The absence of votes for the Green party and others might indicate a stark two-party preference among voters.
63.76% of voters voted for the Republican party in the 2020 Presidential Election
35.52% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Laurens County, Georgia, the student-to-teacher ratio has remained close to the national average of 14 students per teacher over the past decade. This stability might attract potential homebuyers looking for modest class sizes and more individualized attention, suggesting steady school staffing levels. For real estate agents and appraisers, this could have a subtle impact on property values, while developers and investors may see it as a positive indicator for educational infrastructure... Read more
Student-to-teacher ratio in Laurens County, Georgia over the last 10 years
Over the past decade, the student-to-teacher ratio in Laurens County, Georgia has hovered around the national average of 14 students per teacher, with slight fluctuations. This trend may influence decisions for potential homebuyers, as a stable but occasionally higher ratio could imply modest class sizes and the potential for more individualized attention compared to areas with higher ratios. For real estate agents and appraisers, these subtle variations hint at consistent school staffing levels that could affect property values. Investors and developers might view the stability as a positive sign when considering educational infrastructure development.
