Richmond County Real Estate and Livability Trends
Richmond County, Georgia's real estate market reveals some intriguing dynamics for those interested in investing. Median home values have climbed from $101,900 in 2015 to $142,100 in 2022, presenting an upward trend that, while less than state and national averages, still lays out appealing opportunities. Residential energy tax credits rising to $1,426.67 in 2021 suggest growing investments in... Read more
Richmond County Market Trends
Over the last eight years, median home values in Richmond County, Georgia, have steadily increased from $101,900 in 2015 to $142,100 in 2022. This growth, despite being lower than state and national figures, still presents a significant upward trend, suggesting an enticing opportunity for investors and potential residents. Residential energy tax credits per tax return spiked from $563.41 in 2017... Read more
Median Value of Occupied Housing Units in Richmond County, Georgia Over the Last 8 Years
Over the last eight years, median home values in Richmond County, Georgia, have seen a steady increase from $101,900 in 2015 to $142,100 in 2022. This growth is noteworthy given that even though this county trailed behind the state of Georgia, which jumped from $148,100 to $245,900 during the same period, and the national median, which rose from $125,500 to $179,400, Richmond County still reflects a significant upward trend. For potential investors and residents, Richmond County's increasing home values paired with its affordability relative to state and national figures could indicate an appealing opportunity for investment or relocation.
Residential Energy Tax Credit Per Tax Return in Richmond County, GA Over the Last 9 Years
Richmond County, Georgia has seen a significant increase in residential energy tax credits per tax return over the past nine years. A notable spike occurred in 2017 with a jump to $563.41, followed by a dramatic rise to $1,308.70 in 2018 and continued growth reaching $1,426.67 in 2021. This trend suggests increasing investments in energy-efficient home improvements, making it an attractive location for environmentally conscious buyers and investors interested in sustainable living.
Average Real Estate Taxes Per Tax Return in Richmond County, GA Over the Last 10 Years
Real estate taxes in Richmond County, Georgia have shown a general upward trend over the past decade, with notable jumps. For instance, from 2012 to 2017, there was a steady annual increase, with taxes per return rising from $2,133.52 to $2,529.94. However, a significant spike occurred between 2017 and 2018, where the average taxes shot up to $3,106.73. Despite minor fluctuations, such as a slight dip in 2019 and 2020, the overall trajectory indicates increasing tax burdens, peaking in 2021 at $3,371.51. This pattern may suggest rising property values or increased county spending, factors that potential investors and residents should consider.
Percentage of Farm Returns in Richmond County, GA Over the Last 10 Years
Over the past decade, the percentage of farm returns in Richmond County, Georgia has generally fluctuated between 0.26% and 0.33%, showing a slight downward trend. Farm tax returns, a critical measure for assessing agricultural contribution to local economies, have experienced minimal year-to-year variations. These returns, typically filed by farmers to report income, expenses, and compute tax liability, offer valuable insights into the agricultural sector's stability and growth potential. For those investing, moving to, or developing property in Richmond County, this consistent yet slightly declining trend might indicate a modest reduction in agricultural activity, which could influence economic and development considerations.
Number of Mortgages by Occupancy Type in Richmond County, GA Over the Last 5 Years in Richmond County
Over the past five years in Richmond County, Georgia, we've seen a notable fluctuation in mortgage counts across different occupancy types. Principal residences have consistently dominated, but there's been a subtle but noticeable decline in their numbers from a peak in 2021 to 2022. Investment properties showed a gradual increase until 2021, followed by a slight dip in 2022. Second residences, though stable, have the smallest market share. These shifts in occupancy types can be critical indicators for investors; for instance, the rising trend in investment properties could suggest growing rental market potential. Appraisers and real estate agents might find these trends helpful for pricing strategies, while insurance agents could see varying risk profiles depending on the dominance of investment over principal residences. Understanding these dynamics can also influence decisions for those looking to build property or move to the county.
Economic Outlook
Richmond County, Georgia has seen a noticeable increase in average taxable income per tax return, rising from $39,345.79 in 2013 to $52,054.20 by 2021. Wealth growth in the area is reflected in increased state and local income taxes and total tax liabilities. For instance, average state and local income taxes rose from $4,277.82 in 2012 to $7,416.72 by 2021, while total tax liabilities per return also saw an uptick. Concurrently, there is a declining trend in the percentage of people living... Read more
Average Taxable Income per Tax Return in Richmond County, GA over the last 9 years
Over the past nine years, Richmond County, Georgia has seen a steady rise in average taxable income per tax return, increasing from $39,345.79 in 2013 to $52,054.20 by 2021. This upward trend suggests a growing economic potential in the area, which could be appealing for investors and property developers. The most notable spikes appear around 2017 and 2020, which may indicate key economic events or policy changes contributing to these boosts. For those considering moving to the area or current residents, this pattern may hint at increased overall prosperity and investment opportunities.
Average State and Local Income Taxes Per Tax Return in Richmond County, GA Over the Last 10 Years
Richmond County, Georgia has seen a steady increase in average state and local income taxes per tax return over the past decade. Starting at $4,277.82 in 2012, there was a notable jump by 2018, hitting $6,600.29, with a peak in 2021 at $7,416.72. This upward trend signals rising fiscal demands, potentially impacting cost of living and investment attractiveness in the area.
Average Total Tax Liability Per Tax Return in Richmond County, GA Over the Last 10 Years
Over the past decade, Richmond County, Georgia has seen a steady increase in the average total tax liability per tax return, climbing from $5,845.29 in 2012 to $7,831.87 in 2021. Notably, there's been a jump in tax liabilities starting in 2015, suggesting an increased earning potential or changes in tax structure. This upward trend is crucial for potential investors and new residents, as it reflects the economic growth and changing financial dynamics in the area.
Cost of Living in Richmond County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,362 | $1,424 | $2,062 | $1,313 | $1,363 |
| 1 adult 4 children | $1,362 | $1,163 | $1,578 | $1,313 | $1,456 |
| 2 adults 3 children | $1,362 | $1,163 | $1,789 | $1,313 | $1,131 |
| 1 adult 3 children | $1,362 | $949 | $1,305 | $1,313 | $1,204 |
| 2 adults 2 children | $1,012 | $952 | $1,515 | $1,148 | $928 |
| 1 adult 2 children | $1,012 | $711 | $1,031 | $1,148 | $853 |
| 2 adults 1 child | $1,012 | $752 | $1,242 | $614 | $844 |
| 1 adult 1 child | $1,012 | $486 | $758 | $614 | $708 |
| 2 adults | $886 | $604 | $969 | $0 | $717 |
| 1 adult | $746 | $330 | $484 | $0 | $575 |
Safety trends & Data
Richmond County, Georgia, has seen a notable shift in property crime patterns over the last five years. Larceny - Theft incidents peaked at 116 in 2018, then dropped dramatically to just 15 by 2022. Burglaries have similarly decreased from 25 in 2018 to only 3 in 2022. Motor Vehicle Theft spiked to 10 incidents in 2019 but hasn't been reported since, while Arson incidents have remained consistently low at 1 per year. Emerging crime categories like Fraud and Stolen Property started appearing... Read more
Property Crime Trends in Richmond County, GA Over the Last 5 Years
Richmond County, Georgia, has shown fluctuating trends in property crime over the last five years, with notable variances in categories like Larceny - Theft which saw a high of 116 incidents in 2018, decreasing significantly to 15 by 2022. Burglaries dropped from 25 in 2018 to just 3 in 2022, while Arson incidents remained constantly low at 1 per year. Motor Vehicle Theft spiked in 2019 with 10 incidents but hasn’t reappeared in recent years. Emerging categories like Fraud and Stolen Property started appearing post-2018, suggesting a shift in crime patterns.
Demographics
Richmond County, Georgia, displays intriguing demographic trends. The county has a slightly higher female adult population than male. Its educational attainment is varied, with a substantial number of residents holding a high school diploma or some college education, though fewer have advanced degrees. The age distribution skews younger, with a notable portion of the population in the 25-34 year range. Racially, the county is predominantly Black or African American, with significant White... Read more
Race Distribution in Richmond County, Georgia (2022)
Educational Attainment in Richmond County, Georgia (2022)
Age Distribution in Richmond County, Georgia
Citizen Population in Richmond County, Georgia (2022)
Political Trends & Data
Richmond County, Georgia saw a significant Democratic leaning in the 2020 Presidential Election with nearly 68 percent of votes, indicating a strong preference for Democratic policies. Around 31 percent of voters supported the Republican party, highlighting a smaller but present conservative base. With the Libertarian party garnering approximately 1.3 percent of votes, there's minor but noteworthy interest in third-party options, suggesting a potentially dynamic political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Richmond County, Georgia showed significant support for the Democratic party in the 2020 U.S. Presidential Election, with nearly 68 percent of the vote. This suggests a strong leaning towards Democratic policies and values. The Republican vote was much lower, around 31 percent, indicating a clear but smaller base in the area. The Libertarian party captured approximately 1.3 percent, reflecting minimal but noteworthy interest in third-party options. This data hints at a potentially shifting political landscape, with a dominant Democratic presence but some level of variability from third-party voters.
30.78% of voters voted for the Republican party in the 2020 Presidential Election
67.95% of voters voted for the Democrat party in the 2020 Presidential Election
1.28% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Richmond County, Georgia has seen its student-to-teacher ratio decrease from 16 students per teacher in 2014 to just under 14 in 2023, making the area more competitive with the US national average. This shift potentially signals higher educational quality and more individualized attention for students, attracting families looking to relocate. Realtors and developers might see this as a key factor that can enhance property values, while appraisers and insurance agents could use it to better... Read more
Student-to-teacher ratio in Richmond County, Georgia over the last 10 years
Richmond County, Georgia has seen a gradual reduction in its student-to-teacher ratio over the last decade, moving from 16 students per teacher in 2014 to just under 14 in 2023. This trend brings the county comparable to, and even slightly better than, the current US national average of 14 students per teacher. For potential investors, such a ratio implies potentially higher educational quality and more individual attention per student, which can be attractive to families considering relocation. Realtors and real estate developers might also find this appealing, as better educational infrastructure typically enhances property values. For appraisers and insurance agents, understanding these nuances can help predict market trends and set more accurate valuations.
