Terrell County Real Estate and Livability Trends
Terrell County, Georgia is seeing notable economic and real estate trends. Average taxable income per tax return has been rising, from $38,442.78 in 2016 to $48,708.85 by 2021, which could hint at gradual economic growth. However, rising state and local income taxes—especially the jump to $9,731.25 in 2021—could impact investment decisions. Median home values remain lower than state and... Read more
Terrell County Market Trends
Median home values in Terrell County, Georgia have oscillated but remain distinctly lower than state and national medians, which might draw interest from those seeking affordability. Residential energy tax credits surged from $340.00 in 2013 to $1,200.00 in 2021, reflecting a meaningful investment in energy efficiency. Real estate taxes increased, notably jumping to around $3,542.86 by 2021,... Read more
Median Value of Occupied Housing Units in Terrell County, Georgia Over the Last 8 Years
Median home values in Terrell County, Georgia have shown varied trends over the past eight years, peaking at $103,300 in 2018 and dipping slightly before rising again to $97,000 in 2022. Compared to Georgia's state-wide median of $245,900 in 2022 and the national median of $179,400, Terrell County's housing remains significantly more affordable, which might appeal to investors and prospective homeowners looking for lower entry costs. This affordability could be an attractive factor for those considering relocating or investing in this Southern region.
Residential Energy Tax Credit Per Tax Return in Terrell County, GA Over the Last 8 Years
Over the last eight years, Terrell County, Georgia has seen a notable increase in the average residential energy tax credit per tax return, starting from $340.00 in 2013 and reaching up to $1,200.00 in 2021. This surge, particularly significant between 2019 and 2021, indicates a rising investment in energy-efficient upgrades and sustainable living, suggesting that residents and potential property investors are increasingly valuing long-term savings and environmental benefits. This trend underscores the potential for further growth in green initiatives and could make the county more attractive for eco-conscious homeowners and developers.
Average Real Estate Taxes Per Tax Return in Terrell County, GA Over the Last 10 Years
Real estate taxes per tax return in Terrell County, Georgia have exhibited a steady increase over the last decade, with a significant jump beginning around 2018. Starting from $2,095.83 in 2012, taxes rose gradually but then spiked to $3,400.00 in 2018. This upward trend continues with values hovering around $3,542.86 by 2021. This likely reflects a rise in property values or changes in tax policy, which could impact decisions around investing or purchasing property in the area.
Percentage of Farm Returns in Terrell County, GA Over the Last 10 Years
Over the last decade, Terrell County, Georgia has shown fluctuating percentages of farm tax returns, ranging from 4.04% to 5.05%. This variability could be indicative of changing agricultural profitability and land use patterns. For those looking to invest, build property, or move to Terrell County, understanding these shifts may provide insights into the local economy's reliance on and support for farming. Evaluating farm tax returns can offer a glimpse into how robust the agricultural sector is, which is crucial for both local infrastructure planning and economic forecasting.
Number of Mortgages by Occupancy Type in Terrell County, GA Over the Last 5 Years in Terrell County
In Terrell County, Georgia, over the last five years, we notice a steady trend in the number of mortgages for principal residences, peaking at 287 in 2021 before declining to 219 in 2022. Interestingly, investment property mortgages saw remarkable growth in 2022, rising to 61 from a previous low of 16 in 2020 and 17 in 2021. Meanwhile, second residence mortgages remained relatively low and stable, indicating less interest in secondary homes. These shifts in occupancy types impact property values, market demands, and investment decisions. For instance, a rise in investment property mortgages may suggest confidence in rental or resale markets, while stable principal residence figures could imply consistent local demand for primary housing. This is significant for investors, appraisers, insurance agents, and real estate professionals looking to anticipate market needs and strategize accordingly.
Economic Outlook
Terrell County, Georgia has seen a steady increase in average taxable income per tax return, climbing from around $38,442.78 in 2016 to approximately $48,708.85 by 2021, indicating gradual economic growth. However, state and local income taxes have fluctuated significantly, with the most notable jump from $3,952.50 in 2017 to $9,731.25 in 2021. These sharp tax increases post-2017 could impact financial strategies for investors and potential residents. Additionally, total tax liability has shown... Read more
Average Taxable Income per Tax Return in Terrell County, GA over the last 9 years
Over the past nine years, Terrell County, Georgia has experienced a gradual upward trend in average taxable income per tax return. From a low of around $38,442.78 in 2016, the average income climbed steadily to approximately $48,708.85 by 2021. This suggests potential growth and increasing economic stability, which may be appealing for investors and prospective residents considering long-term financial prospects in the area.
Average State and Local Income Taxes Per Tax Return in Terrell County, GA Over the Last 10 Years
In Terrell County, Georgia, over the past decade, average state and local income taxes per tax return have seen pronounced fluctuations. Notably, after a low of $3,952.50 in 2017, taxes surged, peaking at $9,731.25 in 2021. This sharp rise, particularly post-2017, could signal economic shifts or policy changes impacting residents' and investors' financial planning. Those considering property investments or relocation should be aware of this volatility and strategize accordingly.
Average Total Tax Liability Per Tax Return in Terrell County, GA Over the Last 10 Years
Over the past decade, Terrell County, Georgia has seen notable fluctuations in average total tax liability per tax return. 2012 and 2020 marked significant highs at $8,406.87 and $8,715.38 respectively, while 2016 saw a low of $6,054.89. These trends suggest varying economic conditions, potentially impacting both investment attractiveness and cost of living. The noticeable peaks could reflect periods of local economic growth or tax policy changes, which are critical for prospective investors, future residents, and property developers to consider when evaluating the area's financial landscape.
Cost of Living in Terrell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $923 | $1,500 | $1,644 | $1,074 | $999 |
| 1 adult 4 children | $923 | $1,225 | $1,255 | $1,074 | $1,038 |
| 2 adults 3 children | $923 | $1,225 | $1,427 | $1,074 | $799 |
| 1 adult 3 children | $923 | $1,000 | $1,038 | $1,074 | $808 |
| 2 adults 2 children | $704 | $1,003 | $1,211 | $935 | $707 |
| 1 adult 2 children | $704 | $749 | $822 | $935 | $616 |
| 2 adults 1 child | $704 | $793 | $994 | $481 | $673 |
| 1 adult 1 child | $704 | $512 | $605 | $481 | $557 |
| 2 adults | $598 | $637 | $778 | $0 | $602 |
| 1 adult | $588 | $347 | $389 | $0 | $524 |
Safety trends & Data
Terrell County, Georgia has experienced variable property crime trends over the past five years. Fraud incidents spiked at 9.0 cases in 2018 but dropped significantly to 1.0 by 2020. While burglary and larceny-theft incidents have remained relatively consistent, motor vehicle thefts and vandalism saw notable fluctuations, with 3.0 motor vehicle thefts and 2.0 counts of stolen property possession reported in 2022. These shifts offer useful insights for law enforcement, real estate agents, and... Read more
Property Crime Trends in Terrell County, GA Over the Last 5 Years
Terrell County, Georgia has seen fluctuating trends in property crime over the past five years. Fraud incidents varied significantly, with a high of 9.0 cases in 2018 and dropping to 1.0 in 2020. Burglary and larceny-theft incidents remained relatively low and steady, with minor annual variations. Notably, there were 3.0 motor vehicle thefts and 2.0 counts of buying, receiving, or possessing stolen property in 2022. Vandalism spiked to 3.0 cases in 2021 but decreased in the subsequent year. These trends may suggest different areas of concern and opportunity for law enforcement, real estate agents, and potential investors.
Demographics
Terrell County, Georgia, presents a near-balanced gender distribution, with a slight female majority. Educational attainment shows a predominant base of high school graduates, although higher education completion rates taper significantly. The age distribution skews slightly older, with notable concentrations in the 55 to 64 age range. Racial demographics are primarily composed of Black or African American residents, followed by White residents, reflecting the county's diverse cultural... Read more
Race Distribution in Terrell County, Georgia (2022)
Educational Attainment in Terrell County, Georgia (2022)
Age Distribution in Terrell County, Georgia
Citizen Population in Terrell County, Georgia (2022)
Political Trends & Data
In Terrell County, Georgia, the real estate market could be influenced by a competitive political landscape, as seen in the 2020 U.S. Presidential Election where Democrats potentially captured about 54% of the votes, while Republicans possibly secured around 45%. Given this slight Democratic tilt, coupled with the polarized voter base focusing mainly on the two major parties, potential buyers and investors might perceive the area as politically dynamic, which may play a role in property... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Terrell County, Georgia, the voting trends in the 2020 U.S. Presidential Election showed a possible lean towards the Democratic Party, which garnered around 54% of the votes. Republicans potentially held significant ground with roughly 45%, suggesting a competitive political landscape. Libertarians, though present, seem to receive minimal support, making up about 1% of the votes. The absence of Green Party votes and other candidates could point to a highly polarized voter base focusing primarily on the two major parties.
45.38% of voters voted for the Republican party in the 2020 Presidential Election
53.80% of voters voted for the Democrat party in the 2020 Presidential Election
0.82% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Terrell County, Georgia, the student-to-teacher ratio has dropped from 18:1 in 2014 to around 14:1 recently, sometimes even below the national average. This trend might imply better individual attention for students, offering a potential draw for families moving to the area and serving as a notable selling point for real estate agents. Investors and developers might see an opportunity in the local education infrastructure, while appraisers and insurance agents could consider these trends... Read more
Student-to-teacher ratio in Terrell County, Georgia over the last 10 years
Over the last ten years, the student-to-teacher ratio in Terrell County, Georgia has fluctuated, with a notable decrease from 18 students per teacher in 2014 to around 14 in recent years, occasionally even dipping below the current national average of 14 students per teacher. This trend could suggest improving individual attention for students, potentially impacting educational outcomes positively. For families considering moving to Terrell County, this ratio may be appealing, indicating potentially smaller class sizes and more personalized instruction. For real estate agents, this could be a selling point for homes in the area, while investors and developers might see potential in the local education infrastructure. Appraisers and insurance agents might also keep these trends in mind when assessing property values and educational support services in the region.
