Lumpkin County Real Estate and Livability Trends
Median home values in Lumpkin County, Georgia have surged from $167,400 in 2015 to $249,400 in 2022, reflecting a competitive market with higher entry costs. Average taxable income per tax return has climbed from $49,069.77 in 2013 to $68,049.89 in 2021, hinting at economic growth and increased earning potential. Property crime rates have fluctuated, with larceny-theft incidents peaking in 2018... Read more
Lumpkin County Market Trends
Median home values in Lumpkin County, Georgia have surged from $167,400 in 2015 to $249,400 in 2022, outpacing both state and national increases. The sharp rise suggests a competitive market likely presenting higher entry costs. Over the past eight years, the average residential energy tax credit per tax return showed variability, peaking at $1,227.27 in 2021, reflecting a growing trend towards... Read more
Median Value of Occupied Housing Units in Lumpkin County, Georgia Over the Last 8 Years
Over the last eight years, median home values in Lumpkin County, Georgia have surged from $167,400 in 2015 to $249,400 in 2022. This outpaces both Georgia's statewide increase from $148,100 to $245,900 and the national rise from $125,500 to $179,400 over the same period. Those looking to invest or move to Lumpkin County might find its rapid appreciation an exciting prospect, though it also indicates a competitive market with potentially higher entry costs.
Residential Energy Tax Credit Per Tax Return in Lumpkin County, GA Over the Last 8 Years
Over the past eight years, the average residential energy tax credit per tax return in Lumpkin County, Georgia has shown notable variability. Values dipped as low as $347.37 in 2016 but surged to $1,227.27 in 2021, indicating a growing trend towards energy-efficient investments. This fluctuation highlights an increasing awareness and implementation of eco-friendly upgrades, presenting significant opportunities for those looking to invest in sustainable property developments in the area.
Average Real Estate Taxes Per Tax Return in Lumpkin County, GA Over the Last 10 Years
Over the last decade, Lumpkin County, Georgia has seen a significant increase in average real estate taxes per tax return, rising from about $2,372.47 in 2012 to approximately $3,713.19 in 2021. Notable jumps occurred from 2017 to 2018, with an increase of about $796.60, suggesting a shift in property values or tax policies. This trend could indicate a growing real estate market, making it potentially appealing yet costly for investors and new residents.
Percentage of Farm Returns in Lumpkin County, GA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Lumpkin County, Georgia has shown minimal fluctuation, hovering around the 1.5% mark, with a slight decline towards 1.1% in recent years. Farm tax returns are filings made by farmers to report income and expenses from agricultural activities. This trend might suggest a stable but slightly contracting farming community, which could be a point of consideration for potential investors or property developers eyeing rural business opportunities in the area. The stability also hints at a resilient agricultural sector, which, despite minor drops in percentage, maintains a constant presence in the county's economic landscape.
Number of Mortgages by Occupancy Type in Lumpkin County, GA Over the Last 5 Years in Lumpkin County
Over the last five years in Lumpkin County, Georgia, mortgage counts for principal residences have consistently been high, peaking at over 2,500 in 2021 before dropping to around 1,750 in 2022. Investment properties and second residences have had much lower and relatively stable numbers, never exceeding 140 mortgages in any given year. Such shifts in mortgage types could signal changing priorities or economic conditions impacting what people choose to invest in. For potential investors and real estate agents, the significant interest in principal residences suggests a robust market for primary homes. Conversely, the relatively stable numbers for investment properties might indicate a more cautious or balanced investment landscape. Understanding these trends can help appraisers and insurance agents better assess risks and values, while potential movers can glean insights into the type of housing demand they might face.
Economic Outlook
The average taxable income per tax return in Lumpkin County, Georgia, has moved up significantly from $49,069.77 in 2013 to $68,049.89 by 2021, suggesting possible economic growth and increasing earning potential. State and local income taxes per tax return rose notably, from $4,564.11 in 2012 to $8,640.23 in 2021, reflecting a growing local economy and higher incomes. Meanwhile, the average total tax liability per tax return jumped from $6,175.46 in 2012 to $9,815.56 by 2021, with spikes... Read more
Average Taxable Income per Tax Return in Lumpkin County, GA over the last 9 years
The average taxable income per tax return in Lumpkin County, Georgia has shown a general upward trend over the past nine years. From $49,069.77 in 2013, it increased steadily to $68,049.89 in 2021. This upward trajectory may indicate economic growth and increasing earning potential, which could make Lumpkin County an attractive location for potential investors or those looking to build property. The rising incomes might hint at a growing, prosperous community, beneficial for both businesses and prospective residents.
Average State and Local Income Taxes Per Tax Return in Lumpkin County, GA Over the Last 10 Years
Lumpkin County, Georgia has seen a notable increase in average state and local income taxes per tax return over the last decade. Values jumped from around $4,564.11 in 2012 to $8,640.23 in 2021. This steady rise, particularly the sharp climb between 2017 and 2020, suggests a growing local economy and possibly higher incomes. For prospective investors, this trend could indicate increasing property values and a more affluent resident base, making it an attractive area for real estate and business investments.
Average Total Tax Liability Per Tax Return in Lumpkin County, GA Over the Last 10 Years
Over the last decade in Lumpkin County, Georgia, the average total tax liability per tax return has shown a steady increase, beginning at $6,175.46 in 2012 and surging to $9,815.56 by 2021. Notable spikes occurred around 2017 and 2021, reflecting economic or policy changes. This trend indicates rising incomes or tax rates, making it critical for investors and potential residents to consider the evolving financial landscape when evaluating opportunities in the region.
Cost of Living in Lumpkin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,236 | $1,371 | $1,436 | $1,163 | $1,071 |
| 1 adult 4 children | $1,236 | $1,120 | $1,096 | $1,163 | $1,187 |
| 2 adults 3 children | $1,236 | $1,120 | $1,248 | $1,163 | $893 |
| 1 adult 3 children | $1,236 | $915 | $907 | $1,163 | $949 |
| 2 adults 2 children | $985 | $917 | $1,059 | $1,015 | $782 |
| 1 adult 2 children | $985 | $685 | $718 | $1,015 | $741 |
| 2 adults 1 child | $985 | $725 | $870 | $534 | $756 |
| 1 adult 1 child | $985 | $468 | $529 | $534 | $663 |
| 2 adults | $773 | $582 | $681 | $0 | $643 |
| 1 adult | $768 | $318 | $341 | $0 | $590 |
Safety trends & Data
Lumpkin County, Georgia, has witnessed fluctuating property crime trends over the past five years. Notably, larceny-theft incidents spiked in 2018 and 2021 with 27.00 and 31.00 cases, respectively, but saw a significant reduction to 8.00 cases in 2022. However, burglary cases surged to 15.00 incidents in 2022 after much lower numbers previously. These variances in crime dynamics are crucial for investors and real estate professionals assessing safety and property risk in the... Read more
Property Crime Trends in Lumpkin County, GA Over the Last 5 Years
Lumpkin County, Georgia, has seen variable trends in property crimes over the past five years. While 2018 and 2021 had notably high incidents of larceny-theft at 27.0 and 31.0 cases, respectively, these figures fluctuated significantly in other years, with a notable drop to 8.0 cases in 2022. Burglary cases spiked dramatically in 2022, reaching 15.0 incidents, compared to significantly lower numbers in previous years. Vandalism and stolen property incidents also fluctuated, peaking at varying intervals. These trends offer insight into the county's shifting crime dynamics, essential for potential investors, real estate professionals, and residents assessing the area's safety and property risk.
Demographics
Lumpkin County, Georgia shows a near-equal split in its adult population between males and females, suggesting balanced gender representation. Educational attainment highlights a significant portion having graduated from high school or attended some college, though a noteworthy percentage hold bachelor's or higher degrees. Age distribution skews slightly older, with a considerable portion over 55, likely indicating an aging population. Racially, the county is predominantly White, with smaller... Read more
Race Distribution in Lumpkin County, Georgia (2022)
Educational Attainment in Lumpkin County, Georgia (2022)
Age Distribution in Lumpkin County, Georgia
Citizen Population in Lumpkin County, Georgia (2022)
Political Trends & Data
Lumpkin County, Georgia leaned heavily Republican during the 2020 U.S. Presidential Election, with nearly 78% of votes cast for the GOP and over 20% for Democrats. Third-party candidates scarcely made a dent, together accumulating less than 2% of the vote. This robust conservative showing may imply sustained political stability for Republican candidates here in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lumpkin County in Georgia displayed pronounced leanings towards the Republican party during the 2020 U.S. Presidential Election, with nearly 78 percent of votes cast in their favor. The Democratic party garnered just over 20 percent, while third parties received minimal support, collectively falling short of even 2 percent. This significant preference highlights the county's strong conservative orientation, which could suggest long-term political stability for Republican candidates in future elections.
78.31% of voters voted for the Republican party in the 2020 Presidential Election
20.13% of voters voted for the Democrat party in the 2020 Presidential Election
1.56% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Lumpkin County, Georgia has seen its student-to-teacher ratio shift notably, peaking at 16 in 2021 before dropping to 14.62 by 2023, just above the national average of 14. These changes might interest investors and potential movers, as lower ratios typically imply more personalized student attention, potentially elevating local school quality. This data could also be valuable for real estate agents and appraisers, as better school conditions might enhance property values and overall area... Read more
Student-to-teacher ratio in Lumpkin County, Georgia over the last 10 years
Lumpkin County, Georgia has experienced notable fluctuations in its student-to-teacher ratio over the past decade, typically hovering slightly above the national average of 14 students per teacher. This variable reached its peak in 2021 at 16 but saw a decline to 14.62 by 2023. These trends could significantly impact decisions for investors and those interested in moving to the area, as lower ratios generally suggest more individualized attention for students, potentially reflecting positively on local school quality. Real estate agents and appraisers may find this information particularly relevant, as a lower student-to-teacher ratio could enhance property values and attractiveness. Insurance agents and builders might also find it useful to consider how educational resources and local demographics could evolve.
