Montgomery County Real Estate and Livability Trends
Montgomery County, Georgia's real estate market is evolving with intriguing shifts. The median value of occupied housing units has risen from $75,200 in 2015 to $105,300 in 2022, which might suggest a growing real estate appeal, although it trails state and national averages. The spike in energy tax credits in 2021 at $1,533.33 signals a trend toward energy-efficient home improvements. Meanwhile,... Read more
Montgomery County Market Trends
In Montgomery County, Georgia, the median value of occupied housing units has consistently increased, from $75,200 in 2015 to $105,300 in 2022, although it's still behind state and national trends. Energy tax credits saw a significant spike in 2021, hitting $1533.33, indicating more homeowners are investing in energy-efficient improvements. The average real estate taxes per return peaked in 2018... Read more
Median Value of Occupied Housing Units in Montgomery County, Georgia Over the Last 8 Years
Over the past eight years, the median value of occupied housing units in Montgomery County, Georgia has shown a consistent upward trend, starting at $75,200 in 2015 and reaching $105,300 in 2022. This growth, although steady, still lags behind both the state and national averages. For comparison, Georgia's median home values surged from $148,100 to $245,900 in the same period, while the United States overall saw an increase from $125,500 to $179,400. This signifies that while Montgomery County is seeing appreciation in home values, it remains an affordable option relative to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Montgomery County, GA Over the Last 6 Years
Montgomery County, Georgia has seen significant fluctuations in residential energy tax credits per tax return over the past six years. The average credit peaked dramatically in 2021 at $1533.33, reflecting a major shift compared to previous years where values hovered between $266.67 and $375.00. This surge points towards increased investments in residential energy improvements, offering potential savings and increased value for homeowners interested in energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Montgomery County, GA Over the Last 10 Years
Over the past decade, Montgomery County, Georgia has experienced fluctuations in average real estate taxes per tax return, with notable peaks in 2018 at $2,950.00 and 2021 at $2,957.14. Despite some years of declining taxes, the overall trajectory suggests a rising trend, particularly significant for those considering investing, moving, or building property in the area. Such data might indicate changes in property values, community investments, or shifts in local tax policies, making it essential to watch these patterns closely.
Percentage of Farm Returns in Montgomery County, GA Over the Last 10 Years
Over the last 10 years, Montgomery County, Georgia has seen a general upward trend in the percentage of farm tax returns, with figures fluctuating between 7.05% and 9.45%. Notable peaks occurred in 2017 at about 8.95% and 2021 at roughly 8.53%, suggesting a mild increase in farm-related economic activity. Farm tax returns represent the portion of total tax returns filed by farming businesses, highlighting the importance and growth of the agricultural sector in the county. This trend may indicate an attractive environment for agricultural investment or business development, potentially offering opportunities for land acquisition, farming ventures, and infrastructure improvements in Montgomery County.
Number of Mortgages by Occupancy Type in Montgomery County, GA Over the Last 5 Years in Montgomery County
Montgomery County, Georgia, has shown a fluctuating trend in mortgage counts over the last five years for different occupancy types. Principal residence mortgages have consistently dominated, experiencing peaks and valleys, such as a high of 292 in 2021 and notable lows in other years. Investment properties and second residences have had relatively stagnant or minimal counts, hinting at a more stable or less speculative market. This shift in occupancy types may suggest a growing permanence in the population, which could impact property values, demand for insurance, and market stability—critical factors for investors, builders, and real estate professionals to consider.
Economic Outlook
Montgomery County, Georgia has witnessed a steady rise in average taxable income per tax return, increasing from $39,239.23 in 2013 to $52,714.77 in 2021. This growth hints at an improving economic outlook, potentially making the county more attractive for property development and investments. Simultaneously, average state and local income taxes per tax return have climbed from $4,383.33 in 2012 to $6,833.33 in 2021, suggesting a booming local economy and possibly higher income levels.... Read more
Average Taxable Income per Tax Return in Montgomery County, GA over the last 9 years
Montgomery County, Georgia has seen a notable upward trend in average taxable income per tax return over the past nine years, jumping from $39,239.23 in 2013 to $52,714.77 in 2021. This consistent growth, despite minor fluctuations, suggests a potentially improving economic outlook, which could bode well for new investments, property development, and overall economic vitality in the area. The increase may indicate a rising standard of living and expanding opportunities, making it an increasingly appealing locale for potential residents and businesses.
Average State and Local Income Taxes Per Tax Return in Montgomery County, GA Over the Last 10 Years
Montgomery County, Georgia has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at $4,383.33 in 2012, the figure experienced some fluctuations but showed a clear upwards trend, reaching $6,833.33 by 2021. This steady rise, especially the significant jump between 2017 and 2018, suggests a booming local economy and potentially higher income levels. For investors and new residents, these tax trends could indicate a growing community with increased municipal investments and improvements.
Average Total Tax Liability Per Tax Return in Montgomery County, GA Over the Last 10 Years
Montgomery County, Georgia has seen a notable increase in average total tax liability per tax return over the last decade, rising from $5,462.50 in 2012 to $7,349.59 in 2021. This 34.57% growth highlights the area's evolving economic landscape, making it a key point of interest for investors and potential residents who are considering the implications on financial planning and property investments in the region.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,097 | $1,311 | $1,620 | $1,048 | $1,006 |
| 1 adult 4 children | $1,097 | $1,071 | $1,238 | $1,048 | $1,069 |
| 2 adults 3 children | $1,097 | $1,071 | $1,406 | $1,048 | $817 |
| 1 adult 3 children | $1,097 | $874 | $1,024 | $1,048 | $852 |
| 2 adults 2 children | $772 | $877 | $1,193 | $908 | $696 |
| 1 adult 2 children | $772 | $655 | $810 | $908 | $622 |
| 2 adults 1 child | $772 | $693 | $979 | $454 | $674 |
| 1 adult 1 child | $772 | $448 | $596 | $454 | $574 |
| 2 adults | $623 | $557 | $765 | $0 | $602 |
| 1 adult | $619 | $304 | $383 | $0 | $543 |
Safety trends & Data
Montgomery County, Georgia has shown varying property crime trends over the past four years. In 2020, burglary incidents spiked at 3 and larceny-theft saw 2 incidents. By 2022, burglary incidents decreased to 2, but forgery and counterfeiting emerged with a single occurrence. Potential investors and residents might find these trends significant as they can impact insurance premiums, real estate values, and property... Read more
Property Crime Trends in Montgomery County, GA Over the Last 4 Years
Montgomery County, Georgia has exhibited fluctuating property crime trends over the past four years. Notably, in 2020, there were spikes in burglary with 3 incidents and larceny-theft at 2 incidents. By 2022, burglary incidents decreased to 2, while forgery and counterfeiting emerged with a single occurrence. Prospective investors and residents should consider these trends, as they hint at varying crime rates that could affect insurance premiums, real estate valuations, and overall property attractiveness.
Demographics
The adult population in Montgomery County, Georgia, appears roughly balanced between males and females, with a slight male majority. Educational attainment suggests a significant proportion of the population has a high school diploma or equivalent, while fewer have advanced degrees. Age-wise, the demographic leans towards young and middle-aged adults, which may indicate potential for a dynamic workforce or changing community needs. Racial distribution shows a predominantly White population with... Read more
Race Distribution in Montgomery County, Georgia (2022)
Educational Attainment in Montgomery County, Georgia (2022)
Age Distribution in Montgomery County, Georgia
Citizen Population in Montgomery County, Georgia (2022)
Political Trends & Data
In Montgomery County, Georgia, the 2020 U.S. Presidential Election saw a strong Republican leaning, with potentially over 74% of the vote share going to conservative candidates. Democrats captured about 25%, while third parties, including the Libertarians, seemed almost non-existent, likely falling below 1%. This conservative tilt might hint at the county's prevailing political perspectives and what issues take precedence for its... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Montgomery County, Georgia, the 2020 U.S. Presidential Election results suggested a significant leaning towards the Republican party, with potentially over 74% of the vote share. Democrats may have captured around 25%, indicating that the county's political preference leans heavily conservative. The presence of third parties like the Libertarian party appears minimal, likely garnering less than 1% of the total votes, with no notable support for the Green party or other candidates. This pattern may reveal insights about the county's political landscape and voter priorities.
74.63% of voters voted for the Republican party in the 2020 Presidential Election
24.68% of voters voted for the Democrat party in the 2020 Presidential Election
0.68% of voters voted for the Livertarian party in the 2020 Presidential Election
