Lowndes County Real Estate and Livability Trends
Lowndes County, Georgia has seen marked economic growth, with average taxable income per tax return rising from $42,746.38 in 2013 to $61,341.91 in 2021. Median home values increased from $135,000 in 2015 to $177,800 in 2022, suggesting a budget-friendly entry with room for appreciation. Property crime trends have fluctuated, but the general decline, particularly in burglary and vandalism, could... Read more
Lowndes County Market Trends
Median home values in Lowndes County, Georgia have increased from $135,000 in 2015 to $177,800 in 2022, a trend that's slower compared to the state and national averages. This might present a more budget-friendly entry for buyers, with room for value appreciation as broader trends influence local prices. Additionally, the residential energy tax credit rose substantially from $378.43 in 2013 to... Read more
Median Value of Occupied Housing Units in Lowndes County, Georgia Over the Last 8 Years
Median home values in Lowndes County, Georgia have experienced a steady increase over the past eight years, going from $135,000 in 2015 to $177,800 in 2022. This upward trend, while significant, still lags behind the broader state of Georgia, which saw its median home values jump from $148,100 to $245,900 over the same period. Comparatively, the national median values moved from $125,500 in 2015 to $179,400 in 2022. For investors and potential homeowners, this slower but steady appreciation in Lowndes County could present a more accessible entry point, offering potential growth as regional and national trends continue to drive real estate prices upwards.
Residential Energy Tax Credit Per Tax Return in Lowndes County, GA Over the Last 9 Years
In Lowndes County, Georgia, the residential energy tax credit per tax return has seen a significant upward trend over the last nine years. Starting at $378.43 in 2013, the average credit saw a notable increase, peaking at $1,409.52 in 2021. The substantial rise in 2018 to $1,190.00 indicates a shift in energy consumption or policy that potentially influences investment in energy-efficient solutions. This trend is critical for investors and residents considering the economic and environmental benefits of energy-efficient improvements.
Average Real Estate Taxes Per Tax Return in Lowndes County, GA Over the Last 10 Years
In Lowndes County, Georgia, the average real estate taxes per tax return have gradually increased over the past decade. Starting at around $2,157.41 in 2012, there has been a general upward trend, culminating in $3,563.77 by 2021. This rising pattern could indicate growing property values or changes in local tax policies. For potential investors or homeowners, this suggests a need for careful financial planning and an understanding of the area's fiscal landscape.
Percentage of Farm Returns in Lowndes County, GA Over the Last 10 Years
The percentage of farm tax returns in Lowndes County, Georgia, has hovered around 1.34% to 1.24% over the last decade, showing slight annual variations. This metric indicates the proportion of tax filings coming from farming activities, reflecting the economic presence of agriculture in the county. Notably, a peak of approximately 1.39% occurred in 2017, followed by a gradual decline to around 1.19% in 2020 before a minor uptick in 2021. Prospective investors or residents might infer the consistency and potential challenges in the local agricultural sector from these figures.
Number of Mortgages by Occupancy Type in Lowndes County, GA Over the Last 5 Years in Lowndes County
Lowndes County, Georgia has seen a notable increase in mortgages for principal residences from 2018 to 2021, reflecting a potential rise in homeowner occupancy and possibly signaling enhanced community stability. Investment properties remained relatively steady, with a slight uptick in 2020, which might indicate burgeoning rental market opportunities. Second residence mortgages maintained modest numbers, hinting at limited but consistent interest in secondary homes. For real estate investors, understanding that the principal residence market is growing can guide decisions on where to allocate resources. Recognizing these trends could also be crucial for appraisers and insurance agents assessing property values and risks, or for developers and real estate agents catering to the residential property demand in the area.
Economic Outlook
Lowndes County, Georgia has seen a marked increase in average taxable income per tax return, rising from $42,746.38 in 2013 to $61,341.91 in 2021, signifying a potentially stronger economic base. State and local income taxes have also climbed sharply, doubling from $5,044.77 in 2012 to $10,716.29 by 2021, reflecting economic growth and heightened taxation. Total tax liabilities per tax return jumped from $6,788.92 in 2012 to $10,245.14 in 2021, hinting at rising incomes and possibly higher... Read more
Average Taxable Income per Tax Return in Lowndes County, GA over the last 9 years
Lowndes County, Georgia has seen a notable increase in the average taxable income per tax return over the past nine years, with figures rising from $42,746.38 in 2013 to $61,341.91 in 2021. This upward trend may indicate a growing economic base and potentially higher earning residents, which could make the county an attractive option for investors and those considering relocation. The steady growth, particularly the significant jump in 2021, suggests a resilient local economy that could offer promising opportunities for new businesses and real estate development.
Average State and Local Income Taxes Per Tax Return in Lowndes County, GA Over the Last 10 Years
Over the past decade, Lowndes County, Georgia has seen a significant rise in average state and local income taxes per tax return. Starting from $5,044.77 in 2012 and climbing steadily to $10,716.29 by 2021, the area reflects strong economic growth and increased burden of taxation. Sharp spikes can be noted, particularly in 2018 and 2019, suggesting economic or policy changes impacting taxpayers. This trend is crucial for investors and homebuyers to factor in potential tax obligations and financial planning for the future.
Average Total Tax Liability Per Tax Return in Lowndes County, GA Over the Last 10 Years
Over the past decade, Lowndes County, Georgia has seen a notable climb in average total tax liabilities per tax return. From $6,788.92 in 2012, it surged to $10,245.14 by 2021, with particularly sharp increases between 2015 and 2018. This trend suggests rising incomes and possibly higher property values, making it an area of interest for investors and newcomers seeking growth opportunities.
Cost of Living in Lowndes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,255 | $1,496 | $1,477 | $1,313 | $1,136 |
| 1 adult 4 children | $1,255 | $1,222 | $1,126 | $1,313 | $1,215 |
| 2 adults 3 children | $1,255 | $1,222 | $1,283 | $1,313 | $916 |
| 1 adult 3 children | $1,255 | $998 | $932 | $1,313 | $999 |
| 2 adults 2 children | $921 | $1,000 | $1,090 | $1,148 | $783 |
| 1 adult 2 children | $921 | $747 | $739 | $1,148 | $729 |
| 2 adults 1 child | $921 | $791 | $896 | $614 | $737 |
| 1 adult 1 child | $921 | $511 | $545 | $614 | $635 |
| 2 adults | $705 | $635 | $702 | $0 | $601 |
| 1 adult | $700 | $346 | $351 | $0 | $543 |
Safety trends & Data
Over the past five years in Lowndes County, Georgia, property crime trends have fluctuated. Larceny-theft peaked at 432 occurrences in 2019 before falling to 179 in 2021. Burglary has generally declined with a high of 51 in 2019 down to 20 in 2020. Fraud cases dropped significantly from 41 in 2018 to 13 in 2019. Vandalism was notably high at 157 in 2018 but fell to 14 by 2020. These crime trends may be important for investors, real estate agents, and insurers in assessing crime risks and their... Read more
Property Crime Trends in Lowndes County, GA Over the Last 5 Years
Over the past five years, property crime in Lowndes County, Georgia has shown varying trends. Larceny-theft consistently tops the list, peaking at 432 occurrences in 2019 before dropping to 179 in 2021. Burglary incidences have generally declined, with a high of 51 in 2019 and a low of 20 in 2020. Fraud cases saw a significant drop from 41 occurrences in 2018 to 13 in 2019. Vandalism was high in 2018 with 157 cases but dropped to 14 by 2020, before rising slightly. These trends could be critical for potential investors, real estate agents, appraisers, insurers, and residents in understanding crime risks and their potential impact on property valuation and insurance premiums.
Demographics
In Lowndes County, Georgia, a slight majority of the adult population is female, with around 45,770 women compared to approximately 41,905 men. The county's educational attainment reveals that a significant portion of adults have at least some college education, though only about 7,246 hold a graduate or professional degree. Age distribution shows a relatively balanced spread across different age groups, with notable peaks in the 25 to 34 and 20 to 24 year brackets, hinting at a youthful... Read more
Race Distribution in Lowndes County, Georgia (2022)
Educational Attainment in Lowndes County, Georgia (2022)
Age Distribution in Lowndes County, Georgia
Citizen Population in Lowndes County, Georgia (2022)
Political Trends & Data
Lowndes County, Georgia, showcases a potential Republican lean with roughly 55.4% of the 2020 U.S. Presidential Election vote. The Democratic party captured about 43.4%, leaving Libertarians with a modest 1.2% and negligible support for the Green party. This likely reflects a strong two-party preference with minimal third-party impact, suggesting political dynamics in local real estate market trends might be influenced by these voting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lowndes County, Georgia, the 2020 U.S. Presidential Election results might suggest a leaning towards the Republican party with approximately 55.4% of the vote, while the Democratic party secured around 43.4%. Libertarians garnered a modest 1.2%, and there was no noticeable support for the Green party. This distribution possibly indicates a predominantly two-party preference in the county, with minor third-party influence.
55.42% of voters voted for the Republican party in the 2020 Presidential Election
43.40% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Lowndes County, Georgia has seen the student-to-teacher ratio decrease from 15 students per teacher in 2014 to nearly 14 students per teacher in 2023. This shift suggests that the area is making educational investments, aligning with the national average of 14 students per teacher. For prospective buyers or investors, a lower student-to-teacher ratio may signal a community that values education, potentially making properties more attractive to families and positively influencing property... Read more
Student-to-teacher ratio in Lowndes County, Georgia over the last 10 years
Over the last decade, Lowndes County, Georgia has seen a gradual decrease in the student-to-teacher ratio, dropping from 15 students per teacher in 2014 to nearly 14 students per teacher in 2023. This trend is in line with the national average of 14 students per teacher, suggesting improved educational investments and possibly enhanced learning environments. For those looking to invest, move to, or engage with this area's real estate market, a smaller student-to-teacher ratio may indicate a community that prioritizes education, which can boost property values and appeal to families. Reduced ratios often lead to better individual attention for students, another point of interest for appraisers and insurance agents evaluating the quality of life in Lowndes County.
