South Carolina Real Estate and Livability Trends
South Carolina's average taxable income per tax return surged from $51,209.92 in 2013 to $76,597.46 in 2021, hinting at a robust economy and possibly better job prospects. Median home values have also risen sharply from $139,900 in 2015 to $216,200 in 2022, suggesting higher demand or limited supply, making it a compelling market for investors. Real estate taxes have almost doubled since 2012,... Read more
South Carolina Market Trends
South Carolina's median home values rose sharply from $139,900 in 2015 to $216,200 in 2022, outpacing the U.S. average. This uptick may imply higher demand or limited supply, making South Carolina a compelling market for investors. The state has also seen a notable rise in average residential energy tax credits, peaking at $3,090.82 in 2018, which might appeal to eco-conscious buyers and indicate... Read more
Median Value of Occupied Housing Units in South Carolina Over the Last 8 Years
South Carolina's median home values increased from $139,900 in 2015 to $216,200 in 2022, outpacing the national growth rate. While the U.S. saw a rise from $125,500 to $179,400 over the same period, South Carolina's housing market experienced sharper price increases. This could suggest higher demand or limited supply in the state, making it an interesting spot for potential investors and those looking to capitalize on a strong housing market. With a steady upward trend each year, South Carolina’s home values have been climbing at a higher rate compared to the national average, possibly offering more robust returns and higher appreciation rates for property owners.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in South Carolina over the last 10 years
Active Loans 30-60 Days Past Due in South Carolina over the last 10 years in South Carolina
Perent of loans that are Active Loans 90-180 Days Past Due in South Carolina over the last 10 years in South Carolina
Residential Energy Tax Credit Per Tax Return in South Carolina Over the Last 9 Years
Over the past nine years, South Carolina has seen a notable increase in the average residential energy tax credit per tax return, peaking at $3,090.82 in 2018. This trend suggests a growing adoption of energy-efficient home improvements, likely driven by state incentives and rising utility costs. For those looking to invest, move, or build property in South Carolina, this indicates a potential for long-term cost savings and a higher resale value. It's also a key data point for appraisers and insurance agents considering the impact of energy-efficient upgrades on property valuations and premiums. Real estate agents might find this appealing to eco-conscious buyers and investors.
Average Real Estate Taxes Per Tax Return in South Carolina Over the Last 10 Years
Over the past decade, there’s been a noticeable increase in average real estate taxes per tax return in South Carolina. Starting from approximately $1,928.67 in 2012, these costs have steadily risen to about $3,900.43 by 2021. This trend is pivotal for potential investors, homebuyers, and real estate agents as it suggests a growing financial commitment required for property ownership in the state. Furthermore, appraisers and insurance agents may also find this data useful for future valuations and policy assessments, respectively. For those engaged in property development and real estate transactions, understanding this trend could inform strategic decisions and pricing models.
Percentage of Farm Returns in South Carolina Over the Last 10 Years
The percentage of farm tax returns in South Carolina has experienced a general decline over the past decade, dropping from approximately 1.03% in 2012 to around 0.82% in 2021, with a slight uptick in 2021. Farm tax returns, indicative of agricultural activities filed with tax authorities, provide insight into the health and trends of the farming sector. For investors or developers, this downward trend might suggest a shift away from traditional farming or potential challenges facing the sector, affecting land use, real estate development, and local economies. Understanding these nuances could be crucial for strategic decision-making in the region.
Economic Outlook
South Carolina's average taxable income per tax return has surged from $51,209.92 in 2013 to $76,597.46 in 2021, hinting at a more robust economy with possibly better job prospects. Rising state and local income taxes, jumping from $6,206.75 in 2012 to $13,761.53 in 2021, could be crucial for budget planning and property valuation. Additionally, the average total tax liability per tax return increased from $8,276.54 in 2012 to $13,280.43 in 2021, potentially indicating higher income levels or... Read more
Average Taxable Income per Tax Return in South Carolina over the last 9 years
Over the past nine years, South Carolina has seen consistent growth in average taxable income per tax return, rising from $51,209.92 in 2013 to $76,597.46 in 2021. This upward trend could be indicative of a stronger economy and better employment opportunities, which may attract potential investors and new residents. Real estate agents and property developers might find this data compelling as it suggests an increasing ability among residents to afford higher property prices. Insurance agents and appraisors could consider this for assessing risk and value adjustments.
Average State and Local Income Taxes Per Tax Return in South Carolina Over the Last 10 Years
Over the past decade, South Carolina has witnessed a significant rise in average state and local income taxes per tax return. Starting around $6,206.75 in 2012, there has been a nearly exponential increase, especially notable from 2017 onwards where the rates jumped from around $7,472.92 to an astonishing $13,761.53 by 2021. This steady climb in taxes could potentially impact decisions of those considering an investment, relocation, or property development in the state. Awareness of these heightened tax levels might be crucial for budget planning, real estate valuation, and even insurance estimations.
Average Total Tax Liability Per Tax Return in South Carolina Over the Last 10 Years
Over the past decade, South Carolina has seen a notable upward trajectory in average total tax liability per tax return, growing from around $8,276.54 in 2012 to approximately $13,280.43 in 2021. This trend, with particular spikes in recent years, may suggest increasing income levels or changes in tax policies affecting residents. Such information can be crucial for potential investors, real estate agents, and insurance professionals when evaluating the economic climate of the state.
Cost of Living in South Carolina
Safety trends & Data
Property crime trends in South Carolina present a mixed bag for prospective investors. Fraud cases peaked at 20,351.00 in 2019 but declined to 13,522.00 by 2022. Embezzlement and forgery also decreased, with embezzlement dropping from 1,243.00 cases in 2019 to 735.00 in 2022. Vandalism has remained steady around the 3,000 mark. These shifts suggest varied risks for real estate stakeholders, indicating the need for a balanced yet informed investment... Read more
Property Crime Trends in South Carolina Over the Last 5 Years
Property crime in South Carolina has shown some noticeable fluctuations over the past five years. Fraud remains particularly high, peaking at 20,351.00 cases in 2019 but decreasing to 13,522.00 cases by 2022. Interestingly, embezzlement and forgery also saw declines, with embezzlement dropping from 1,243.00 cases in 2019 to 735.00 in 2022. Conversely, vandalism cases have stayed relatively stable, hovering around the 3,000 mark. For potential investors, real estate agents, or property developers, these trends provide insights into the types of risks associated with property crime in the region, suggesting a somewhat cautious but informed approach.
Demographics
In South Carolina, there's a slight gender gap among adults, with around 1,872,898 males and 2,032,691 females. Educational attainment shows a substantial number of residents have achieved at least some college education, though high school graduates and those without diplomas still represent a significant portion. The age distribution skews towards a substantial older population, especially those aged 55 to 64 years, comprising around 685,773 individuals, and a younger demographic under 10... Read more
Race Distribution in South Carolina (2022)
Educational Attainment in South Carolina (2022)
Age Distribution in South Carolina
Citizen Population in South Carolina (2022)
Political Trends & Data
South Carolina's real estate market may potentially reflect political leanings, as voting trends from the 2020 U.S. Presidential Election show a marked preference for Republican candidates who received about 9.2% of votes. Democrats garnered roughly 7.2%, with third-party candidates barely making a dent. The clear Republican tilt could inform investment strategies and property value trends, shaping the market landscape in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
South Carolina's voting trends in the 2020 U.S. Presidential Election indicate a possible lean towards Republican candidates, with Republicans receiving approximately 9.2% of votes. Democrats followed with around 7.2%. Third-party influences were minimal, with Libertarians, Greens, and others collectively capturing less than 0.3% of the votes. This disparity suggests a predominantly two-party contest with a significant advantage for Republicans.
9.19% of voters voted for the Republican party in the 2020 Presidential Election
7.24% of voters voted for the Democrat party in the 2020 Presidential Election
0.19% of voters voted for the Libertarian party in the 2020 Presidential Election
0.05% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
South Carolina's student-to-teacher ratio has dipped from around fifteen students per teacher in 2014 to just over thirteen by 2023, placing it below the national average. This trend toward smaller class sizes might appeal to homebuyers prioritizing education quality. For real estate agents, this shift could be a selling point to attract families, while appraisers and insurance agents might see it as a factor that could potentially influence property values and policy... Read more
Student-to-teacher ratio in South Carolina over the last 10 years
South Carolina's student-to-teacher ratio has seen a general decline over the past decade, dipping from around fifteen students per teacher in 2014 to just over thirteen by 2023. This trend places South Carolina's current ratios slightly below the national average of fourteen students per teacher, suggesting smaller class sizes that might appeal to families prioritizing personalized instruction. For real estate agents and investors, this shift could be leveraged to attract potential homebuyers interested in education quality. Appraisers and insurance agents might also consider this trend, as smaller class sizes can be indicative of supportive educational environments, potentially influencing property values and policy considerations.
