Spalding County Real Estate and Livability Trends
Spalding County, Georgia has seen home values grow from $111,500 in 2015 to $178,800 in 2022, although still below state and national trends. A spike in residential energy tax credits to $1,325.00 in 2018 indicates notable investments in energy-efficient home upgrades. Rising real estate taxes, now at $3,741.24 per return, could reflect either higher property values or increased rates. Meanwhile,... Read more
Spalding County Market Trends
Median home values in Spalding County, Georgia have shown steady growth, increasing from $111,500 in 2015 to $178,800 in 2022, though still lagging behind state and national trends. Notably, the county has seen a surge in average residential energy tax credits, peaking at $1,325.00 in 2018, signaling increased investments in energy-efficient home improvements. Average real estate taxes per tax... Read more
Median Value of Occupied Housing Units in Spalding County, Georgia Over the Last 8 Years
Over the past eight years, median home values in Spalding County, Georgia have seen a steady increase from $111,500 in 2015 to $178,800 in 2022. This growth, while significant, has been more modest compared to the state of Georgia, where median values surged from $148,100 to $245,900 in the same period. Nationally, the trend also shows an increase from $125,500 to $179,400. For investors and potential homeowners, Spalding County presents a more affordable entry point compared to the state average, but it might also suggest more limited property value appreciation relative to broader regional trends.
Residential Energy Tax Credit Per Tax Return in Spalding County, GA Over the Last 9 Years
Over the past nine years, Spalding County, Georgia, has seen a marked increase in the average residential energy tax credit per tax return. From $317.39 in 2013, the value hovered around the $300-$400 range until 2016, then surged dramatically, peaking at $1,325.00 in 2018. This suggests a growing investment in energy-efficient home improvements, driven perhaps by increased awareness and incentives. For potential investors and residents, this trend highlights not only the community’s commitment to sustainability but also potential cost savings and enhancements in property values.
Average Real Estate Taxes Per Tax Return in Spalding County, GA Over the Last 10 Years
Over the last decade, Spalding County, Georgia has seen a notable increase in average real estate taxes per tax return, jumping from $2,378.58 in 2012 to $3,741.24 in 2021. The most significant spikes occurred between 2017 and 2020, suggesting potential catalysts like increased property values or higher tax rates. This trend could impact investment decisions, cost of living, and property development, making it a crucial factor for stakeholders to consider.
Percentage of Farm Returns in Spalding County, GA Over the Last 10 Years
Over the past decade, Spalding County, Georgia, has experienced relatively stable percentages of farm tax returns, ranging mostly between 0.60% and 0.80%. Farm tax returns indicate the proportion of tax filings that are tied to farming income, making them an interesting gauge for agricultural activity and economic health in rural areas. Notably, there's been a slight decline since 2019, hitting a low of 0.61% in 2019 and 0.60% in 2020. For property investors and those looking to move into the region, understanding this trend may provide insights into the vitality and sustainability of local farming operations, potentially influencing real estate decisions and community planning.
Number of Mortgages by Occupancy Type in Spalding County, GA Over the Last 5 Years in Spalding County
In Spalding County, Georgia, the overwhelming majority of mortgages in the past five years have been for principal residences, peaking in 2021 with 4,693 new mortgages. Investment properties follow as a distant second, with numbers fluctuating around the 187 to 311 range. Second residences consistently account for the fewest mortgages, never exceeding 47 in a year. Shifts in occupancy type can impact local property markets significantly. If you're investing, it suggests a stable demand for rental properties, whereas for potential residents, a high number of principal residences might indicate a more community-focused environment. For appraisers and real estate agents, these trends can influence valuation strategies and marketing approaches. Insurance agents might focus on tailored products given the dominant residential use, while builders could see opportunities in diversifying their project portfolios.
Economic Outlook
Spalding County, Georgia has witnessed a steady rise in average taxable income per tax return, climbing from $40,193.61 in 2013 to $54,649.28 in 2021. Meanwhile, average state and local income taxes per tax return have increased from $3,998.25 in 2012 to $6,004.21 in 2021, reflecting possible tax policy changes. The total tax liability per tax return has also trended upward, suggesting increased fiscal demands on residents. Simultaneously, the poverty rate has fluctuated notably, with a... Read more
Average Taxable Income per Tax Return in Spalding County, GA over the last 9 years
Spalding County, Georgia has shown a consistent rise in average taxable income per tax return over the past nine years, with figures moving from around $40,193.61 in 2013 to approximately $54,649.28 in 2021. This upward trend suggests increasing economic health and growth potential, possibly attracting more businesses and residents looking for economic stability and growth opportunities. The jump to $54,649.28 in 2021 indicates a significant boost, which could be indicative of new investments or favorable local policies.
Average State and Local Income Taxes Per Tax Return in Spalding County, GA Over the Last 10 Years
In Spalding County, Georgia, the average state and local income taxes per tax return have shown a steady increase over the past decade. Starting at $3,998.25 in 2012, the tax burden climbed to $6,004.21 by 2021. A significant jump occurred between 2017 and 2018, suggesting changes in tax policy or economic conditions. This trend is crucial for potential investors and residents to consider when planning their financial strategies or evaluating the cost of living in this area.
Average Total Tax Liability Per Tax Return in Spalding County, GA Over the Last 10 Years
Over the past decade, Spalding County, Georgia has seen a consistent rise in its average total tax liability per tax return, climbing from $5,748.60 in 2012 to $7,694.42 in 2021. This upward trend highlights an increasing fiscal demand that can impact both residents and potential investors. Notably, the sharp increase in 2021 suggests economic shifts that could influence property values and local investment opportunities.
Cost of Living in Spalding County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,339 | $1,399 | $1,815 | $1,313 | $1,349 |
| 1 adult 4 children | $1,339 | $1,143 | $1,387 | $1,313 | $1,438 |
| 2 adults 3 children | $1,339 | $1,143 | $1,575 | $1,313 | $1,103 |
| 1 adult 3 children | $1,339 | $933 | $1,147 | $1,313 | $1,198 |
| 2 adults 2 children | $1,100 | $936 | $1,335 | $1,148 | $955 |
| 1 adult 2 children | $1,100 | $699 | $907 | $1,148 | $933 |
| 2 adults 1 child | $1,100 | $740 | $1,096 | $614 | $893 |
| 1 adult 1 child | $1,100 | $478 | $668 | $614 | $766 |
| 2 adults | $974 | $594 | $856 | $0 | $765 |
| 1 adult | $953 | $324 | $428 | $0 | $647 |
Safety trends & Data
Spalding County, Georgia's property crime trends over the last five years reveal some interesting shifts that could impact the real estate market. Burglary and vandalism rates are showing a drop, with burglary arrests plummeting from 66.00 in 2018 to 24.00 in 2022, and vandalism arrests decreasing from 152.00 to 78.00 over the same period. On the other hand, larceny-theft remains notably high, although it has dipped from a peak of 465.00 arrests in 2019 to 339.00 in 2022. Motor vehicle thefts... Read more
Property Crime Trends in Spalding County, GA Over the Last 5 Years
Spalding County, Georgia has observed a noticeable fluctuation in property crimes over the last five years. Burglary and vandalism show a decreasing trend, with burglary arrests dropping from 66.0 in 2018 to 24.0 in 2022, and vandalism dipping from 152.0 in 2018 to 78.0 in 2022. Interestingly, larceny-theft remains significantly high, peaking at 465.0 arrests in 2019 and standing at 339.0 in 2022. Meanwhile, motor vehicle thefts have seen a decline from 10.0 in 2018 to just 4.0 in 2022. Notably, fraud and forgery arrests exhibit substantial variability, indicating potential shifts in economic crimes. These trends could inform potential investors and developers about the evolving safety and security climate in the region.
Demographics
Spalding County, Georgia, shows intriguing demographic dynamics. Adult population skews slightly more female, with 27,033 women versus 23,697 men. Educational attainment indicates a significant portion, around 18,094 individuals, holding only a high school diploma while fewer advance to higher degrees—just over 5,000 have a bachelor's and 3,198 hold graduate degrees. Age-wise, the county has a balanced spread across age groups, though younger (under 10 years) and middle-aged (25-34 years)... Read more
Race Distribution in Spalding County, Georgia (2022)
Educational Attainment in Spalding County, Georgia (2022)
Age Distribution in Spalding County, Georgia
Citizen Population in Spalding County, Georgia (2022)
Political Trends & Data
In Spalding County, Georgia, the 2020 U.S. Presidential Election reflected a strong Republican preference, with around 60% of voters supporting the GOP. Democratic support was at approximately 39%, and Libertarians garnered just over 0.9% of the vote. This conservative tilt could hint at continuous Republican sway in local and state elections, potentially affecting community planning and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Spalding County, Georgia, the 2020 U.S. Presidential Election showed a strong Republican preference, with nearly 60% of votes cast for the GOP, whereas Democratic support hovered around 39%. The Libertarian option captured slightly over 0.9% of the vote. This distribution suggests a predominantly conservative leaning in the county, potentially signaling ongoing Republican influence in local and state elections.
59.96% of voters voted for the Republican party in the 2020 Presidential Election
39.13% of voters voted for the Democrat party in the 2020 Presidential Election
0.91% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the past decade, Spalding County, Georgia has seen a decline in its student-to-teacher ratio, dropping from approximately 17 students per teacher in 2014 to about 14 in 2023. This suggests potential improvements in educational resources and more personalized attention for students, making the area more appealing to families. For real estate investors, better educational outcomes could enhance property values and community desirability. Additionally, appraisers and insurance agents might... Read more
Student-to-teacher ratio in Spalding County, Georgia over the last 10 years
Over the past decade, Spalding County, Georgia has seen a general decline in its student-to-teacher ratio, moving from approximately 17 students per teacher in 2014 to about 14 in 2023. This considerable decline could suggest improvements in educational resources and potentially more personalized attention for students, which may be appealing for families considering relocation. For real estate agents and those looking to invest in property, better educational outcomes can enhance property values and community desirability. Additionally, appraisers and insurance agents might take these trends into account, as they could indirectly influence property assessments and risk evaluation. Although the student-to-teacher ratio in Spalding County has now fallen below the national average of 14, these ongoing changes warrant a closer look for anyone interested in the area's development.
