Madison County Real Estate and Livability Trends
Madison County, Georgia's real estate market has experienced notable changes over the past decade with median home values rising from $122,700 in 2015 to $170,600 in 2022. The increase in average residential energy tax credits, which grew from $340.91 in 2013 to $1,144.44 in 2021, reflects community-driven efforts toward energy efficiency. Real estate taxes nearly doubled, from $1,917.25 in 2012... Read more
Madison County Market Trends
Madison County, Georgia's real estate market has shown notable trends over the past decade, particularly with a consistent rise in median home values from $122,700 in 2015 to $170,600 in 2022, well below the state average. There's also been a significant increase in average residential energy tax credits, from $340.91 in 2013 to $1,144.44 in 2021, underscoring a community push towards energy... Read more
Median Value of Occupied Housing Units in Madison County, Georgia Over the Last 8 Years
Over the last eight years, the median home value in Madison County, Georgia has shown consistent growth, moving from $122,700 in 2015 to $170,600 in 2022. While this is a significant increase, it is still substantially lower than the state average, which rose from $148,100 to $245,900 during the same period. Nationally, home values also saw a steady climb from $125,500 to $179,400. For potential investors and homebuyers, Madison County could present a more affordable option compared to other areas in Georgia and the broader United States.
Residential Energy Tax Credit Per Tax Return in Madison County, GA Over the Last 9 Years
In Madison County, Georgia, the average residential energy tax credit per tax return has shown significant fluctuations over the past nine years, with a notable upward trend. The credit amount surged from $340.91 in 2013 to $1,144.44 in 2021, peaking in 2018 at $1,125.00. The most consistent growth occurred between 2014 and 2017, indicating increased residential investments in energy efficiency. This trend is crucial for prospective investors and homeowners as it highlights a community increasingly focused on sustainable living and energy efficiency, potentially lowering long-term living costs and adding value to properties.
Average Real Estate Taxes Per Tax Return in Madison County, GA Over the Last 10 Years
Madison County, Georgia has seen a notable increase in average real estate taxes per tax return over the past decade, nearly doubling from $1,917.25 in 2012 to a high of $3,432.39 in 2020. The upward trend, peaking in 2018, could suggest rising property values and development, potentially making the area attractive for investors and those considering new property ventures. However, rising taxes might also be a consideration for residents and prospective movers when evaluating the overall cost of living.
Percentage of Farm Returns in Madison County, GA Over the Last 10 Years
Farm tax returns, defined as the portion of annual tax filings related to farming activities, have seen slight fluctuations in Madison County, Georgia over the last decade. The percentage has generally hovered around 4.8%, peaking at approximately 5.27% in 2012 and dipping to around 4.21% by 2020 and 2021. These numbers could suggest a stable but slowly declining agricultural sector, which might impact any decisions regarding investments or property development in this rural area, as the economic reliance on farming appears to be gradually waning.
Number of Mortgages by Occupancy Type in Madison County, GA Over the Last 5 Years in Madison County
The mortgage landscape in Madison County, Georgia, has seen notable shifts over the past five years, particularly in the principal residence category, which peaked in 2021 with 2,185 mortgages before dropping to 1,495 in 2022. Investment properties and second residences have consistently maintained much lower counts, with marginal fluctuations year over year. These changes in occupancy type matter significantly for prospective investors, as the dominance of principal residences suggests a thriving local community and sustained housing demand, potentially driving property value appreciation. For insurance agents and appraisers, understanding these trends is essential for accurate risk assessment and valuation. Similarly, real estate agents can leverage this data to tailor their strategies, emphasizing the stability of the principal residence market while guiding clients in investment opportunities.
Economic Outlook
Madison County, Georgia has experienced a steady rise in average taxable income per tax return, improving from $41,873.38 in 2013 to $56,460.26 by 2021. The period from 2017 onwards has shown significant growth, suggesting enhanced economic opportunities and the attraction of higher-income residents. Concurrently, state and local income taxes per tax return have increased, from $3,735.25 in 2012 to a peak of $8,139.19 in 2020, signaling both higher tax rates and potentially increased average... Read more
Average Taxable Income per Tax Return in Madison County, GA over the last 9 years
Madison County, Georgia has seen a notable increase in average taxable income per tax return over the past nine years, starting from $41,873.38 in 2013 and rising to $56,460.26 by 2021. There's been a significant jump particularly from 2017 onwards, suggesting growing economic opportunities and possibly attracting higher-income residents. This trend could be an indicator of a thriving economic landscape, making Madison County appealing for potential investors and new residents looking for promising growth and stability.
Average State and Local Income Taxes Per Tax Return in Madison County, GA Over the Last 10 Years
Over the past decade, Madison County, Georgia has seen a significant rise in state and local income taxes per tax return, jumping from $3,735.25 in 2012 to a peak of $8,139.19 in 2020, before slightly dipping to $7,230.30 in 2021. This substantial increase, particularly from 2017 to 2020, highlights both an escalation in tax rates and possibly a higher average income level in the county, making it a notable trend for potential investors and residents to consider.
Average Total Tax Liability Per Tax Return in Madison County, GA Over the Last 10 Years
The average total tax liability per tax return in Madison County, Georgia shows a marked increase over the past decade. In 2012, the liability was approximately $5,040.36 and saw a consistent rise, peaking at $6,969.84 in 2021. Notable spikes occurred in 2017 and 2019, reflecting broader economic changes and possibly shifts in local fiscal policies. For investors or potential residents, this upward trend signals a growing tax base, which may indicate economic development but also higher living costs over time. Understanding these changes can inform better financial planning and investment decisions.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,187 | $1,379 | $1,993 | $1,313 | $1,328 |
| 1 adult 4 children | $1,187 | $1,126 | $1,524 | $1,313 | $1,432 |
| 2 adults 3 children | $1,187 | $1,127 | $1,729 | $1,313 | $1,101 |
| 1 adult 3 children | $1,187 | $920 | $1,260 | $1,313 | $1,184 |
| 2 adults 2 children | $885 | $922 | $1,465 | $1,148 | $925 |
| 1 adult 2 children | $885 | $689 | $996 | $1,148 | $857 |
| 2 adults 1 child | $885 | $729 | $1,201 | $614 | $840 |
| 1 adult 1 child | $885 | $471 | $732 | $614 | $709 |
| 2 adults | $780 | $586 | $937 | $0 | $719 |
| 1 adult | $734 | $319 | $468 | $0 | $609 |
Safety trends & Data
Madison County, Georgia has seen varied property crime trends over the past five years. Larceny-Theft peaked at 46.00 incidents in 2020 before declining, while Burglary reached a high of 29.00 in 2021 but dropped sharply in 2022. Vandalism also varied, particularly peaking in 2019 and 2022. Fraud has stayed relatively low and steady, with a slight recent decrease. These insights may help investors and insurance agents assess risk, and real estate agents guide clients on safety... Read more
Property Crime Trends in Madison County, GA Over the Last 5 Years
Madison County, Georgia has seen fluctuating property crime trends over the past five years. Larceny-Theft remains the most prevalent crime, peaking at 46.0 incidents in 2020 before a decline. Burglary incidents have been somewhat erratic, reaching a high of 29.0 in 2021 but dropping sharply in 2022. Instances of Vandalism varied, with notable peaks in 2019 and 2022. Interestingly, Fraud incidents have maintained a relatively steady but low frequency, with a slight decrease in more recent years. These trends could be valuable for potential investors and insurance agents assessing risk, as well as real estate agents advising clients on the area's safety dynamics.
Demographics
Madison County, Georgia exhibits a slightly higher female population compared to males. The age distribution suggests a balanced spread across different age groups, with notable counts in the 25 to 34 and 45 to 54-year segments. Educational attainment indicates a significant portion of the population holds a high school diploma or some college experience, but fewer residents have advanced degrees. The racial makeup is predominantly White, with smaller percentages of Black or African American,... Read more
Race Distribution in Madison County, Georgia (2022)
Educational Attainment in Madison County, Georgia (2022)
Age Distribution in Madison County, Georgia
Citizen Population in Madison County, Georgia (2022)
Political Trends & Data
Madison County in Georgia exhibited a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with approximately 76% of the vote potentially favoring Republicans. The Democratic party may have garnered around 23%, showing some level of support. The Libertarian party had minimal influence at about 1%, with negligible votes for the Green party and others. This suggests a predominantly conservative voter base, but the presence of Democratic and Libertarian votes hints... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Madison County in Georgia showed a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with approximately 76% of the vote possibly going to the Republicans. This suggests a potentially solid Republican base in the area. Meanwhile, the Democratic party may have garnered around 23%, indicating some level of support, though significantly less. The Libertarian party had minimal impact with about 1%, and the Green party and others did not seem to register any noticeable votes. This distribution could point to a predominantly conservative voter base, but the presence of Democratic and Libertarian votes suggests some diversity in political preferences.
75.83% of voters voted for the Republican party in the 2020 Presidential Election
22.84% of voters voted for the Democrat party in the 2020 Presidential Election
1.34% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the past decade, Madison County, Georgia's student-to-teacher ratio peaked at 17 in 2017 and dropped to just under 13 by 2022, aligning more closely with the national average. These shifts might suggest changes in school funding or classroom policies, impacting property values and local demographics. Low ratios often mean more personalized attention for students, a factor that could drive housing demand as families seek quality education for their... Read more
Student-to-teacher ratio in Madison County, Georgia over the last 10 years
Over the past decade, Madison County, Georgia has seen fluctuations in its student-to-teacher ratio, peaking at 17 students per teacher in 2017 and dropping to just under 13 by 2022. Interestingly, despite some variances, recent numbers have been closer to the national average of fourteen students per teacher. For investors, real estate agents, or anyone considering a move to Madison County, these changes might suggest evolving school funding or classroom policies, which could impact property values and local demographics. Low ratios typically indicate more personalized attention for students, which is often a desirable factor for families and could drive demand in housing markets.
