Mitchell County Real Estate and Livability Trends
Mitchell County, Georgia is seeing financial growth with average taxable income per tax return climbing from $36,530.57 in 2013 to $43,860.39 by 2021. Median home values have risen to $98,400 in 2022 from $76,700 in 2015, highlighting potential investment opportunities. Real estate taxes are also up, rising to $2,945.71 in 2021, alongside increased state and local income taxes, which may impact... Read more
Mitchell County Market Trends
Mitchell County, Georgia has experienced a steady rise in median home values over the past eight years, reaching $98,400 in 2022 from $76,700 in 2015, indicating potential investment opportunities despite trailing behind state and national averages. Residential energy tax credits have surged, climbing to $1,730.77 in 2021 from $473.33 in 2013, spotlighting the county's growing commitment to... Read more
Median Value of Occupied Housing Units in Mitchell County, Georgia Over the Last 8 Years
Mitchell County, Georgia has experienced a steady rise in median home values over the past eight years, reaching $98,400 in 2022 from $76,700 in 2015. Although the county's median values trail behind the state of Georgia, which saw a significant increase to $245,900 in 2022, and the national average climbing to $179,400, the upward trend in Mitchell County indicates potential investment opportunities. This growth reflects a resilient local market, appealing for those considering building or moving to the area, despite lower overall values compared to broader figures.
Residential Energy Tax Credit Per Tax Return in Mitchell County, GA Over the Last 9 Years
Mitchell County, Georgia has seen a significant rise in average residential energy tax credits per tax return over the past nine years, climbing from $473.33 in 2013 to $1,730.77 in 2021. This trend highlights an increased investment in energy-efficient home improvements, suggesting both a growing commitment to sustainability among residents and potential tax benefits for property owners. For investors and builders, this shift could indicate a market increasingly favoring eco-friendly constructions and renovations. Additionally, it signals an attractive environment for those aiming to leverage substantial energy tax credits.
Average Real Estate Taxes Per Tax Return in Mitchell County, GA Over the Last 10 Years
In Mitchell County, Georgia, real estate taxes per tax return have generally trended upwards over the last decade, rising from $2,061.97 in 2012 to $2,945.71 in 2021. This might suggest increasing property values or a shift in tax rates, which could impact potential returns for investors and the financial landscape for homeowners. The notable spikes in 2018 and 2021 are particularly indicative of changing economic conditions or county adjustments. Anyone interested in relocating, building, or investing here should consider these variable property tax costs in their long-term financial planning.
Percentage of Farm Returns in Mitchell County, GA Over the Last 10 Years
Over the past decade in Mitchell County, Georgia, the percentage of farm returns has shown a slight fluctuation between approximately 4.40% and 5.27%, indicating a relatively stable trend with minor yearly variations. This data can be particularly significant for potential investors or those interested in agricultural ventures in Mitchell County, as it hints at consistent farm activity and potential tax benefits from such investments. Farm tax returns could imply various deductions and credits for those engaged in farming, which may contribute to financial sustainability and incentivize agricultural investments in the region.
Number of Mortgages by Occupancy Type in Mitchell County, GA Over the Last 5 Years in Mitchell County
Examining mortgage trends in Mitchell County, Georgia over the last five years shows significant variation in the volume of mortgages by occupancy type. Principal residence mortgages have consistently increased, peaking at 610 in 2021, which suggests a growing demand for permanent housing. Investment property mortgages show less fluctuation, averaging around 30 each year, indicating steady interest from investors. Notably, second residence mortgages are minimal, demonstrating that this category is not a primary driver in the housing market. Changes in occupancy types can significantly impact local real estate dynamics. High numbers of principal residence purchases might indicate a stable or growing population base, benefiting public services and local economies. On the other hand, consistent investment property activity reflects potential opportunities for returns, making the area attractive for investors. This can help real estate agents and appraisers gauge housing market health and guide potential buyers about the type of properties most in demand. For insurance agents, knowing the predominant residency type aids in risk assessment and policy development. Understanding these trends is crucial for anyone involved in housing or looking to invest in Mitchell County.
Economic Outlook
Mitchell County, Georgia has shown a steady rise in average taxable income per tax return, increasing from $36,530.57 in 2013 to $43,860.39 by 2021. This growth suggests an improving financial landscape that may attract investors and property developers. At the same time, state and local income taxes have also increased, from $4,042.11 in 2012 to $5,871.79 in 2021, potentially impacting residents' disposable income and cost of living. Notably, the total tax liability per tax return has seen... Read more
Average Taxable Income per Tax Return in Mitchell County, GA over the last 9 years
Over the past nine years, Mitchell County, Georgia has generally seen a consistent rise in average taxable income per tax return, starting at $36,530.57 in 2013 and reaching $43,860.39 by 2021. This upward trend suggests relative economic growth and potentially improved financial conditions for residents, marking the area as a potential interest for investors, property developers, and new residents looking for promising locales within Georgia.
Average State and Local Income Taxes Per Tax Return in Mitchell County, GA Over the Last 10 Years
Over the past decade, state and local income taxes per tax return in Mitchell County, Georgia have experienced a notable upward trend, climbing from $4,042.11 in 2012 to $5,871.79 in 2021. This indicates a significant increase in the tax burden on residents, which potential investors and newcomers should take into account when evaluating the financial landscape of the area. This trend underscores the evolving economic conditions that could impact disposable income and overall cost of living.
Average Total Tax Liability Per Tax Return in Mitchell County, GA Over the Last 10 Years
Over the past decade, Mitchell County, Georgia has seen fluctuations in average total tax liabilities per tax return. Significant peaks in 2015 ($5,659.22) and 2020 ($5,715.15) point to economic variability, while dips in 2013 ($4,922.97) and 2019 ($4,947.67) suggest periods of reduced financial burden. For investors and residents, this variability highlights changing economic conditions that may impact real estate values, local services, and overall cost of living. Understanding these trends can aid in making informed decisions about property investments and moving plans within the county.
Cost of Living in Mitchell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $940 | $1,299 | $1,606 | $1,048 | $909 |
| 1 adult 4 children | $940 | $1,061 | $1,227 | $1,048 | $952 |
| 2 adults 3 children | $940 | $1,061 | $1,394 | $1,048 | $740 |
| 1 adult 3 children | $940 | $866 | $1,015 | $1,048 | $749 |
| 2 adults 2 children | $772 | $869 | $1,183 | $908 | $679 |
| 1 adult 2 children | $772 | $649 | $803 | $908 | $602 |
| 2 adults 1 child | $772 | $687 | $971 | $454 | $658 |
| 1 adult 1 child | $772 | $443 | $591 | $454 | $559 |
| 2 adults | $684 | $552 | $759 | $0 | $609 |
| 1 adult | $648 | $301 | $379 | $0 | $539 |
Safety trends & Data
Mitchell County, Georgia has experienced fluctuating property crime rates over the past five years. Larceny-theft, peaking at 84.00 incidents in 2018 but dropping to 37.00 in 2022, remains the most common issue. Burglary incidents fell significantly from a high of 15.00 in 2019 to just 3.00 by 2022. Motor vehicle theft followed a similar pattern, increasing from 3.00 in 2018 to 10.00 in 2021, before settling at 6.00 in 2022. These trends may indicate varying security needs and changing risk... Read more
Property Crime Trends in Mitchell County, GA Over the Last 5 Years
Mitchell County, Georgia has seen fluctuating property crime rates over the past five years. While larceny-theft consistently remains the most prevalent crime, peaking at 84.00 incidents in 2018 before dropping to 37.00 in 2022, other types of property crimes like burglary and motor vehicle theft have also varied. Burglary incidents hit a high of 15.00 in 2019 but decreased significantly to 3.00 by 2022. Similarly, motor vehicle thefts showed an increase from 3.00 in 2018 to 10.00 in 2021, settling back down to 6.00 in 2022. For potential investors or residents, these trends could suggest varying security needs and changing risk factors within the county.
Demographics
Mitchell County, Georgia's adult population in 2022 leaned slightly male, with males outnumbering females by a small margin. Educational attainment was most concentrated around high school graduates, with a significant number of residents possessing some college education but no degree. The age distribution showed a relatively balanced spread across most age groups, though there were fewer residents over 75 years. Racially, the population was primarily divided between White and Black or African... Read more
Race Distribution in Mitchell County, Georgia (2022)
Educational Attainment in Mitchell County, Georgia (2022)
Age Distribution in Mitchell County, Georgia
Citizen Population in Mitchell County, Georgia (2022)
Political Trends & Data
Mitchell County, Georgia, exhibits a competitive political scene, with Republicans holding a probable lead at 55% in the 2020 Presidential Election and Democrats closely following at 44.5%. Libertarians scarcely made an impact, capturing only 0.37% of votes, and no votes were registered for the Green Party. This suggests a predominantly two-party system with limited electoral influence from third... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mitchell County, Georgia, the 2020 U.S. Presidential Election saw the Republican party possibly securing a notable lead with about 55% of the vote. Democrats, while trailing, still captured a significant share at around 44.5%, suggesting a competitive political landscape. Libertarians garnered a minimal portion, roughly 0.37%, indicating limited third-party influence in this county. No votes were recorded for the Green Party.
55.06% of voters voted for the Republican party in the 2020 Presidential Election
44.57% of voters voted for the Democrat party in the 2020 Presidential Election
0.37% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Mitchell County, Georgia has consistently enjoyed a lower student-to-teacher ratio compared to the national average, fluctuating between 11 and 13 students per teacher over the past decade. This ratio even dipped to 10 during the COVID-19 pandemic years of 2020 and 2021. Such a favorable student-to-teacher ratio could make the area attractive to families prioritizing education, thereby possibly boosting property values and making it interesting to real estate investors and developers. This... Read more
Student-to-teacher ratio in Mitchell County, Georgia over the last 10 years
Mitchell County, Georgia has maintained a lower student-to-teacher ratio compared to the national average over the past decade. From 2014 to 2023, figures fluctuated between roughly 11 and 13 students per teacher. The ratio even dropped to around 10 during 2020 and 2021, possibly due to the impact of the COVID-19 pandemic on school attendance. This relatively low student-to-teacher ratio may attract families seeking more individualized attention for their children and could potentially influence property values, making the area appealing for real estate investors and developers. It may also be a critical factor for appraisers and insurance agents assessing the value and risk of homes in these school districts.
