Rabun County Real Estate and Livability Trends
Rabun County, Georgia, has shown substantial economic growth, with average taxable income per tax return rising to around $75,833.21 by 2021. Despite this growth, the increasing state and local income taxes and doubling of total tax liability over the past decade may pose financial challenges to residents. The median home value has also surged to $236,900 in 2022, possibly outpacing national... Read more
Rabun County Market Trends
Rabun County, Georgia has experienced a significant increase in median home values, rising from $161,500 in 2015 to $236,900 in 2022, which may indicate a more accelerated growth rate compared to national trends. The fluctuations in residential energy tax credits, peaking at $825.00 in 2021, suggest a growing emphasis on energy-efficient investments, potentially attracting eco-conscious buyers.... Read more
Median Value of Occupied Housing Units in Rabun County, Georgia Over the Last 8 Years
Rabun County, Georgia has seen fluctuating median home values over the past eight years, with a significant rise from $161,500 in 2015 to $236,900 in 2022. This pattern seems to diverge from the state of Georgia, which reached $245,900 in 2022. By comparison, national median home values also increased, landing at $179,400 in 2022. This could indicate that Rabun County is experiencing a more accelerated growth rate relative to national trends, potentially making it an advantageous location for investment or relocation within Georgia.
Residential Energy Tax Credit Per Tax Return in Rabun County, GA Over the Last 8 Years
Residential energy tax credits in Rabun County, Georgia have experienced notable fluctuations over the past eight years. Starting at $300.00 in 2013, the average credit per tax return saw an increase to $400.00 in 2014 but dropped to as low as $225.00 by 2015. After some variability, a significant surge occurred in 2021, with credits reaching $825.00. This trend indicates a growing incentive for energy-efficient investments, making Rabun County increasingly attractive for eco-conscious investors and homebuilders.
Average Real Estate Taxes Per Tax Return in Rabun County, GA Over the Last 10 Years
Over the past decade, Rabun County, Georgia has seen a noticeable increase in average real estate taxes per tax return. In 2012, the average tax per return was about $2,621.05, but by 2021, it had risen to approximately $5,651.85. This trend suggests potential considerations for prospective homeowners and investors since higher property taxes could impact overall affordability and investment returns. The sharp increases observed from 2018 onwards, with particularly significant jumps in 2019 ($4,658.33) and 2020 ($5,403.57), may indicate changes in local taxation policies or rising property values within the county.
Percentage of Farm Returns in Rabun County, GA Over the Last 10 Years
Rabun County, Georgia has seen a steady variation in the percentage of farm tax returns over the past decade, averaging around 1.5%. These returns, which indicate the number of farm businesses filing taxes, dropped to their lowest level of 1.35% in 2016 and 2021, with a slight peak at 1.68% in 2012. Farm tax returns are crucial for gauging the vitality of the local agricultural sector, suggesting trends in farm revenue, investment opportunities, and economic development in the region. For potential investors, new residents, or those looking to build properties, understanding these trends can provide insight into the stability and growth potential of Rabun County’s agribusinesses.
Number of Mortgages by Occupancy Type in Rabun County, GA Over the Last 5 Years in Rabun County
Rabun County, Georgia has shown varying trends in mortgage counts over the last five years across different occupancy types. Principal residences markedly dominate the mortgage market, peaking in 2021 with 1,037 mortgages, suggesting a strong primary housing demand. Meanwhile, second residences have seen fluctuating numbers, with a noticeable decline from 493 in 2020 to 231 in 2022. Investment properties have consistently held the smallest share, though there has been a slight increase in recent years. These shifts in occupancy type can signal underlying changes in the local economy and housing market dynamics. For investors, the spike in mortgages for principal residences could indicate a burgeoning community with robust local amenities attracting full-time residents. Real estate agents might find this trend helpful to identify potential buyers’ preferences. Likewise, appraisers and insurance agents could see changing risk profiles and property values, as the rise in principal residences may impact market stability. For builders and developers, understanding the decline in second residences could help tailor future projects to meet current demands. Those considering a move to Rabun County may find the strong primary housing market indicative of a vibrant, growing community.
Economic Outlook
Rabun County, Georgia, has been experiencing a consistent increase in average taxable income per tax return, climbing from about $43,268.63 in 2013 to roughly $75,833.21 by 2021. This suggests potential economic growth, making the area potentially more attractive to investors and new residents. However, the dramatic rise in state and local income taxes—from $4,645.11 in 2012 to $14,371.74 in 2021—points to an increasing economic burden on residents. Coupled with the nearly doubling of the... Read more
Average Taxable Income per Tax Return in Rabun County, GA over the last 9 years
Rabun County, Georgia has seen a notable upward trend in average taxable income per tax return over the last nine years. Starting at around $43,268.63 in 2013, the figure has steadily climbed, reaching approximately $75,833.21 in 2021. This gradual increase in income indicates potential economic growth and could make the area more appealing for investors, new residents, and developers. The consistent rise in income might suggest growing prosperity and opportunities, making it a point of interest for those eyeing growth regions within Georgia.
Average State and Local Income Taxes Per Tax Return in Rabun County, GA Over the Last 10 Years
Over the past decade, Rabun County, Georgia has seen a dramatic rise in average state and local income taxes per tax return, skyrocketing from $4,645.11 in 2012 to $14,371.74 in 2021. This steady increase, especially notable from 2017 onward, suggests a growing economic burden on residents. This matters for investors and potential homeowners, indicating a rising cost of living in the area. For those involved in property development or considering relocating, these tax trends are crucial in financial planning and understanding the economic landscape in Rabun County.
Average Total Tax Liability Per Tax Return in Rabun County, GA Over the Last 10 Years
Rabun County, Georgia has seen a significant upward trend in the average total tax liability per tax return over the past decade, rising from around $6,576.28 in 2012 to $12,846.33 in 2021. This nearly doubling of tax liability underscores both economic growth and potentially higher earnings within the county. For investors and prospective residents, these numbers may indicate a healthy, expanding economy but also suggest that higher taxes could be a factor to consider.
Cost of Living in Rabun County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,060 | $1,347 | $1,436 | $1,048 | $934 |
| 1 adult 4 children | $1,060 | $1,100 | $1,096 | $1,048 | $1,023 |
| 2 adults 3 children | $1,060 | $1,101 | $1,248 | $1,048 | $783 |
| 1 adult 3 children | $1,060 | $898 | $907 | $1,048 | $789 |
| 2 adults 2 children | $850 | $901 | $1,059 | $908 | $690 |
| 1 adult 2 children | $850 | $673 | $718 | $908 | $623 |
| 2 adults 1 child | $850 | $712 | $870 | $454 | $672 |
| 1 adult 1 child | $850 | $460 | $529 | $454 | $577 |
| 2 adults | $646 | $572 | $681 | $0 | $583 |
| 1 adult | $641 | $312 | $341 | $0 | $528 |
Safety trends & Data
Recent property crime trends in Rabun County, Georgia, indicate notable fluctuations, especially in categories like larceny-theft and burglary. Larceny-theft peaked in 2018 with 124 incidents, then sharply declined to 2 by 2020. Burglary incidents hit a high in 2018 with 28 recorded, dropped to 7 in 2019, but began to climb again with 13 cases reported in 2022. Variances in other crime categories such as fraud and vandalism suggest a complex landscape. Understanding these trends may influence... Read more
Property Crime Trends in Rabun County, GA Over the Last 5 Years
Property crime trends in Rabun County, Georgia show fluctuations in categories such as burglary, larceny-theft, and motor vehicle theft over the past five years. The peak in larceny-theft occurred in 2018 with 124 reported incidents, dropping significantly to just 2 by 2020. Burglary numbers saw a high in 2018 at 28 incidents and a notably lower count of 7 in 2019, but recent years hint at a potential increase, with 13 instances recorded in 2022. Other categories like fraud and vandalism present similarly varied patterns, with some years showing minimal activity. These evolving crime statistics could inform decisions about local investments, real estate, insurance, and community living conditions.
Demographics
Rabun County, Georgia, exhibits a nearly balanced gender ratio with a slight female majority in its adult population. Educational attainment data suggests many residents complete at least high school and participate in higher education, with a noticeable portion achieving bachelor's and graduate degrees. The age distribution highlights a diverse range of age groups with a significant concentration in the 55 to 74-year range, potentially indicating a growing aging population. The racial makeup... Read more
Race Distribution in Rabun County, Georgia (2022)
Educational Attainment in Rabun County, Georgia (2022)
Age Distribution in Rabun County, Georgia
Citizen Population in Rabun County, Georgia (2022)
Political Trends & Data
In Rabun County, Georgia, the real estate market trends could be influenced by its strong conservative leanings, as evidenced by the Republican candidate purportedly capturing approximately 78% of the vote in recent elections. This political landscape might indicate preferences for policies that favor property rights, lower taxes, and limited government... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rabun County, Georgia, the Republican candidate ostensibly captured a commanding lead with approximately 78% of the vote, while the Democratic contender secured around 21%. The Libertarian Party had a minimal presence, potentially garnering just over 1% of the vote. This significant skew towards the Republican party suggests a predominantly conservative electorate in this region.
78.11% of voters voted for the Republican party in the 2020 Presidential Election
20.74% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Rabun County, Georgia's student-to-teacher ratio has decreased from around 14 students in 2014 to just over 12 students in 2023, indicating potential improvements in educational outcomes. For families and investors, this lower ratio suggests better quality education compared to the national average, enhancing the county's attractiveness. Improved education metrics can impact property values and appeal, making the community potentially more desirable for developers, real estate agents,... Read more
Student-to-teacher ratio in Rabun County, Georgia over the last 10 years
Rabun County, Georgia has seen a gradual decrease in its student-to-teacher ratio over the past decade, dropping from around 14 students in 2014 to just over 12 students in 2023. This trend suggests that individual attention for students might have improved, potentially enhancing educational outcomes. For investors and those considering moving to the area, a lower ratio could indicate a better quality of education compared to the national average of 14 students per teacher, making the county more attractive for families. This data could also impact property values and attractiveness of the community for developers, real estate agents, appraisers, and insurance agents considering the implications of education quality on residential desirability and stability.
