Toombs County Real Estate and Livability Trends
Toombs County, Georgia has experienced a notable economic uplift, evidenced by the average taxable income climbing from $40,520.44 in 2013 to $52,716.12 in 2021. Residential property values have also surged, rising from $89,900 in 2015 to $124,800 in 2022, although they remain below state and national averages, offering potential affordability. Interestingly, real estate taxes have nearly... Read more
Toombs County Market Trends
The median home values in Toombs County, Georgia, have increased notably from $89,900 in 2015 to $124,800 in 2022, yet they remain lower than state and national averages, suggesting potential affordability for buyers. Residential energy tax credits have fluctuated significantly, peaking at $1,450.00 in 2018 before settling at $800.00 in 2021, highlighting a growing emphasis on energy-efficient... Read more
Median Value of Occupied Housing Units in Toombs County, Georgia Over the Last 8 Years
Toombs County, Georgia, has shown a steady increase in median home values over the past eight years, with values rising from $89,900 in 2015 to $124,800 in 2022. This local growth rate, while impressive, still lags significantly behind both state and national levels. Georgia's median home values increased from $148,100 in 2015 to $245,900 in 2022, and the U.S. as a whole saw values jump from $125,500 to $179,400 in the same timeframe. This suggests that Toombs County may offer more affordable real estate opportunities compared to broader markets, potentially appealing to investors or homebuyers seeking lower entry costs.
Residential Energy Tax Credit Per Tax Return in Toombs County, GA Over the Last 9 Years
The average residential energy tax credit per tax return in Toombs County, Georgia has seen a notable increase over the past nine years. Starting from $315.00 in 2013, it peaked at an impressive $1,450.00 in 2018 before settling at $800.00 in 2021. This substantial variation suggests an increasing focus on energy-efficient improvements among residents, influencing the attractiveness for eco-conscious investors and those looking to reduce long-term energy costs. This trend highlights a growing commitment to sustainable living, offering promising opportunities for property developers and investors in the renewable energy sector.
Average Real Estate Taxes Per Tax Return in Toombs County, GA Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Toombs County, Georgia, have nearly doubled from $1,805.96 in 2012 to $2,947.27 in 2021. Notable spikes occurred around 2017 and 2018, with taxes increasing nearly $581 during that period. This upward trend suggests a growing financial commitment for property owners, hinting at rising property values and possibly expanded public services or infrastructure investments that might attract investors or new residents. However, potential buyers and developers should carefully consider these increasing costs in their financial planning.
Percentage of Farm Returns in Toombs County, GA Over the Last 10 Years
Farm tax returns in Toombs County, Georgia, have ranged from roughly 4.00% to about 4.55% over the past decade, indicating a relatively stable but slightly declining trend. These returns, which reflect the percentage of total tax filings attributed to farms, matter for potential investors and residents because they provide insight into the economic significance of agriculture in the area. A consistent farm tax return rate suggests ongoing agricultural activity, offering potential opportunities for agribusiness ventures, real estate investments in rural properties, or simply a desire to live in a community with a stable agricultural presence.
Number of Mortgages by Occupancy Type in Toombs County, GA Over the Last 5 Years in Toombs County
Over the last five years in Toombs County, Georgia, the number of mortgages has shown noticeable fluctuation according to occupancy type. Principal residences have dominated with varying counts, peaking in 2021 at 911 mortgages. Investment properties and second residences, though significantly lower in number, have also seen shifts, with investment properties reaching a high of 44 mortgages in 2022. Changes in the types of mortgages being taken out can signal shifts in economic stability, population growth, and local real estate market health. Investors might be more interested in these trends to gauge potential rental income or property value appreciation, while appraisers and insurance agents could adjust their valuations and premiums respectively. Real estate agents and builders may find these insights valuable for strategizing their focus areas, especially if certain types of housing are gaining traction.
Economic Outlook
Toombs County, Georgia has seen a steady rise in average taxable income per tax return, climbing from around $40,520.44 in 2013 to about $52,716.12 in 2021. This growth could hint at rising economic opportunities in the area. Alongside, both state and local income taxes per tax return, as well as total tax liability, have also increased significantly over the last decade, reflecting a higher tax burden on residents. For potential investors and homebuilders, these trends underscore the economic... Read more
Average Taxable Income per Tax Return in Toombs County, GA over the last 9 years
Toombs County, Georgia has experienced a notable increase in average taxable income per tax return over the last nine years. Starting at approximately $40,520.44 in 2013, the figure has generally climbed, peaking at around $52,716.12 in 2021. This upward trend might suggest growing economic opportunities and potentially higher standards of living, making it interesting for potential investors or those considering relocating to the region. The income growth could also indicate a relatively stable economic environment, which is often attractive for businesses and developers looking to build property in the area.
Average State and Local Income Taxes Per Tax Return in Toombs County, GA Over the Last 10 Years
Over the last decade, Toombs County, Georgia has seen a notable increase in average state and local income taxes per tax return, rising from $4,588.51 in 2012 to $8,015.00 in 2021. This steady upward trend, particularly the sharp jump between 2017 and 2018, indicates a growing tax burden on residents. This shift is crucial for potential investors and those considering relocation, as it highlights the evolving fiscal landscape and could impact decisions related to property investment or long-term residency planning.
Average Total Tax Liability Per Tax Return in Toombs County, GA Over the Last 10 Years
Over the past decade, Toombs County, Georgia has experienced a noticeable upward trend in average total tax liability per tax return, increasing from $5,926.53 in 2012 to $7,742.25 in 2021. The steady rise highlights a growing tax burden which may reflect economic or demographic changes in the area. A spike in 2017 saw liabilities peak at $7,828.10, suggesting shifts in income or tax policy. Such data is crucial for investors, homebuilders, and potential residents to understand the financial climate of Toombs County.
Cost of Living in Toombs County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,084 | $1,311 | $1,620 | $1,048 | $958 |
| 1 adult 4 children | $1,084 | $1,071 | $1,238 | $1,048 | $1,011 |
| 2 adults 3 children | $1,084 | $1,071 | $1,406 | $1,048 | $781 |
| 1 adult 3 children | $1,084 | $874 | $1,024 | $1,048 | $801 |
| 2 adults 2 children | $772 | $877 | $1,193 | $908 | $666 |
| 1 adult 2 children | $772 | $655 | $810 | $908 | $586 |
| 2 adults 1 child | $772 | $693 | $979 | $454 | $645 |
| 1 adult 1 child | $772 | $448 | $596 | $454 | $545 |
| 2 adults | $586 | $557 | $765 | $0 | $563 |
| 1 adult | $583 | $304 | $383 | $0 | $507 |
Safety trends & Data
Property crimes in Toombs County, Georgia, have fluctuated over the past five years, with notable variations in larceny-theft and burglary. Larceny-theft peaked at 143 incidents in 2018, dipped in 2020, and rose to 103 in 2022. Burglary arrests dropped dramatically to just one in 2020 before increasing in later years. While vandalism, fraud, and stolen property remain relatively low, these subtle shifts may indicate broader socioeconomic trends, impacting property values and insurance rates,... Read more
Property Crime Trends in Toombs County, GA Over the Last 5 Years
Property crimes in Toombs County, Georgia have shown noticeable fluctuations over the past five years, especially in categories like larceny-theft and burglary. Larceny-theft incidents peaked in 2018 with 143 occurrences but saw a dip in 2020 before rising again to 103 in 2022. Burglary arrests varied significantly, plummeting to just one in 2020 only to return to higher figures in subsequent years. Other categories like vandalism, fraud, and stolen property have remained relatively low but exhibit subtle shifts that could be indicative of broader socioeconomic factors. This variability matters for potential investors, real estate agents, and residents, as it helps gauge the safety and stability of the community over time while informing property values and insurance rates.
Demographics
Toombs County, Georgia, shows a leaning towards a female-dominated adult population, which could subtly influence community dynamics and local policies. The educational landscape indicates a majority holding a high school diploma or some college education, which may shape the workforce and economic opportunities. The age distribution reveals a relatively balanced spread across various age groups, suggesting a mixed demographic that may cater to diverse service and business needs. Racially, the... Read more
Race Distribution in Toombs County, Georgia (2022)
Educational Attainment in Toombs County, Georgia (2022)
Age Distribution in Toombs County, Georgia
Citizen Population in Toombs County, Georgia (2022)
Political Trends & Data
Toombs County, Georgia, displayed a strong Republican preference in the 2020 U.S. Presidential Election, with about 72% of votes potentially favoring the GOP, compared to 27% for Democrats. Libertarians barely made a mark with less than 1%. These numbers could hint at a dominant two-party system with low competitiveness for third-party candidates, a pattern that might reflect larger regional political trends in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Toombs County, Georgia, the 2020 U.S. Presidential Election potentially indicated strong Republican leanings with approximately 72% of the vote, while Democrats garnered around 27%. Libertarians received a small fraction, under 1%. The data might suggest low competitiveness for third-party candidates and a dominant two-party dynamic. These trends could be indicative of broader regional political inclinations within Georgia.
72.13% of voters voted for the Republican party in the 2020 Presidential Election
26.93% of voters voted for the Democrat party in the 2020 Presidential Election
0.94% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the past decade, Toombs County, Georgia has seen a declining student-to-teacher ratio, dropping from around 16 in 2014 to approximately 14 in 2023, which is below the national average. This trend suggests more personalized instruction, which could appeal to parents and educators looking for better educational outcomes. For real estate investors and new residents, this might indicate a favorable education environment, potentially boosting local property attractiveness. This information... Read more
Student-to-teacher ratio in Toombs County, Georgia over the last 10 years
Over the past decade, Toombs County, Georgia has generally seen a declining student-to-teacher ratio, dropping from around 16 in 2014 to approximately 14 in 2023, which is below the national average of 14 students per teacher. This trend could suggest smaller class sizes, which many parents and educators often associate with more personalized instruction and potentially better educational outcomes. For real estate investors and those moving to the area, this might indicate a favorable education environment, potentially increasing the attractiveness of local properties. Additionally, appraisers and insurance agents might consider this trend when assessing the value and risk associated with educational facilities. Real estate agents could leverage this information to highlight the strengths of the local school system in their marketing efforts.
