Abbeville County Real Estate and Livability Trends
Abbeville County, South Carolina's real estate market shows some promising trends, including a jump in median home values to $118,400 in 2022, up from $104,100 in 2021, signaling emerging investment potential. The notable rise in residential energy tax credits since 2017 and a significant increase in real estate taxes per tax return, from $1,055.68 in 2012 to $2,256.25 in 2021, could point to a... Read more
Abbeville County Market Trends
Abbeville County, South Carolina's median home values spiked to $118,400 in 2022 from $104,100 in 2021, though still lagging behind state and national averages. This uptick could highlight emerging investment potential, especially considering the county's relative affordability. Additionally, the significant rise in residential energy tax credits since 2017 signals a growing focus on... Read more
Median Value of Occupied Housing Units in Abbeville County, South Carolina Over the Last 8 Years
Abbeville County, South Carolina has shown a pronounced increase in median home values over the past few years, especially notable with a jump to $118,400 in 2022 from $104,100 in 2021. While still below state and national averages—South Carolina reached $216,200 and the United States hit $179,400 in 2022—Abbeville County’s upward trend might signal potential for investment opportunities. This area’s relatively affordable prices, combined with recent growth, could attract those looking for promising real estate prospects without the heftier price tags found in other parts of the state or country.
Residential Energy Tax Credit Per Tax Return in Abbeville County, SC Over the Last 9 Years
Over the past nine years, Abbeville County, South Carolina has seen a significant increase in the average residential energy tax credit per tax return, especially since 2017. The average value spiked from $544.44 in 2016 to $1,750.00 in 2017, reaching a peak of $2,214.29 in 2018, before fluctuating in subsequent years. This uptick could indicate a growing emphasis on energy-efficient home improvements, which might attract eco-conscious investors and homeowners. Real estate agents and developers might find these trends valuable when promoting energy-efficient properties, while insurance agents could note potential impacts on policy structures due to enhanced home energy systems.
Average Real Estate Taxes Per Tax Return in Abbeville County, SC Over the Last 10 Years
Abbeville County, South Carolina, has seen a notable increase in average real estate taxes per tax return over the past decade, surging from approximately $1,055.68 in 2012 to about $2,256.25 by 2021. This upward trend could indicate a strengthening property market or shifts in tax assessments, impacting both existing homeowners and prospective buyers. For investors, insurance agents, and real estate professionals, understanding this escalation is crucial for forecasting property valuations and planning financial strategies. Builders and appraisers might also need to account for these trends in their cost estimates and valuation metrics. This information hints at changing dynamics in real estate economics within the county, which might influence broader economic factors and individual financial decisions.
Percentage of Farm Returns in Abbeville County, SC Over the Last 10 Years
The percentage of farm tax returns in Abbeville County, South Carolina, has shown slight fluctuations over the past decade, generally hovering around 5%. This suggests a relatively stable agricultural presence in the area, with a slight peak in 2018 at approximately 5.35%. Farm tax returns are filings made by farmers to report income and expenses, which can serve as an indicator of farming activity and economic health in the agricultural sector. For investors or those considering moving to or building property in Abbeville County, this trend highlights the region's consistent agricultural commitment, with potential implications for local economic stability and land use.
Number of Mortgages by Occupancy Type in Abbeville County, SC Over the Last 5 Years in Abbeville County
Abbeville County, South Carolina has experienced varying trends in mortgage distribution across different occupancy types over the last five years. Mortgages for principal residences have consistently dominated, peaking in 2021 with 969, while investment properties and second residences have seen more modest, though fluctuating, numbers. A notable rise in principal residence mortgages suggests a growing preference for permanent living arrangements, which could attract long-term investors as well as developers eyeing stable residential markets. Meanwhile, the shifts in mortgages for investment properties and second residences indicate changing dynamics in rental demand and vacation home desirability, valuable insights for appraisers and real estate agents structuring their portfolios or services in the area. Such variances affect property valuations and insurance assessments, factoring heavily into how these experts approach Abbeville County.
Economic Outlook
Abbeville County, South Carolina, has experienced a steady rise in average taxable income per tax return, climbing from $39,504.94 in 2013 to $52,781.94 by 2021. Alongside this, there has been a notable increase in the average state and local income taxes, from $4,380.59 in 2012 to $7,784.85 in 2021, with a significant spike in 2018. Additionally, the average total tax liability per tax return has grown from $4,457.43 in 2012 to $6,806.15 by 2021. These trends may imply economic improvements... Read more
Average Taxable Income per Tax Return in Abbeville County, SC over the last 9 years
Abbeville County, South Carolina, has seen a noticeable upward trend in average taxable income per tax return over the past nine years. Starting from $39,504.94 in 2013, it has steadily climbed to $52,781.94 by 2021. This increase could hint at a gradually improving economic environment, possibly attracting those looking to invest, move, or even appraise property in the area. Real estate agents, insurance agents, and developers might find this trend useful for gauging future opportunities and risks.
Average State and Local Income Taxes Per Tax Return in Abbeville County, SC Over the Last 10 Years
Over the last decade, Abbeville County in South Carolina has seen a notable increase in average state and local income taxes per tax return. Starting at $4,380.59 in 2012, there’s been a steady climb with a significant spike in 2018, reaching $7,107.14. By 2021, the average tax per return hit $7,784.85. This upward trend could affect the fiscal decisions of potential investors, real estate agents, and individuals considering relocating to or conducting business in the area, as it may indicate rising incomes or changes in local tax policies.
Average Total Tax Liability Per Tax Return in Abbeville County, SC Over the Last 10 Years
Over the past decade, Abbeville County, South Carolina, has seen its average total tax liability per tax return rise from $4,457.43 in 2012 to $6,806.15 in 2021, reflecting a general upward trend with notable peaks and troughs. Investors and real estate professionals might note the significant increase in tax liabilities, particularly between 2015 and 2017, which could indicate economic growth or shifts in the county's tax structure. This trend might impact decisions related to property appraisals, insurance, and long-term investments in the area.
Cost of Living in Abbeville County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,109 | $1,339 | $1,589 | $981 | $842 |
| 1 adult 4 children | $1,109 | $1,094 | $1,214 | $981 | $916 |
| 2 adults 3 children | $1,109 | $1,094 | $1,380 | $981 | $660 |
| 1 adult 3 children | $1,109 | $893 | $1,004 | $981 | $702 |
| 2 adults 2 children | $780 | $896 | $1,170 | $858 | $542 |
| 1 adult 2 children | $780 | $669 | $795 | $858 | $484 |
| 2 adults 1 child | $780 | $708 | $961 | $461 | $549 |
| 1 adult 1 child | $780 | $457 | $585 | $461 | $465 |
| 2 adults | $626 | $569 | $751 | $0 | $513 |
| 1 adult | $622 | $310 | $376 | $0 | $502 |
Safety trends & Data
Abbeville County, South Carolina has experienced variable trends in property crime over the past five years, with significant fluctuations in burglary and larceny-theft reports. Burglary arrests peaked in 2021 at 29 but decreased to 18 in 2022, while larceny-theft incidents stabilized around the mid-40s. Motor vehicle thefts spiked to 12 in 2021, hinting at a potential emerging concern. Minor increases in fraud and vandalism suggest modest shifts in criminal activity. These nuanced crime trends... Read more
Property Crime Trends in Abbeville County, SC Over the Last 5 Years
Abbeville County, South Carolina has seen fluctuating trends in property crime over the past five years with notable volatility in burglary and larceny-theft reports. Burglary arrests peaked in 2021 at 29 but saw a decrease to 18 in 2022, while larceny-theft numbers also varied, stabilizing around the mid-40s. Motor vehicle thefts were notably low but spiked to 12 in 2021, indicating a potential emerging concern. Fraud and vandalism figures showed minor increases, hinting at modest activity shifts. The data might suggest targeted areas for law enforcement and potential caution for new residents or investors. This nuanced view of crime trends could be critical for real estate and insurance considerations.
Demographics
Abbeville County, South Carolina presents a roughly balanced gender population with slightly more females than males. The education level varies significantly, with a substantial portion having only high school education or some college, while a smaller fraction has advanced degrees. Age-wise, the population tends to be older, as seen in the larger number of residents aged 45 and over. Racially, the county is predominantly White, with a notable African American community and very minimal... Read more
Race Distribution in Abbeville County, South Carolina (2022)
Educational Attainment in Abbeville County, South Carolina (2022)
Age Distribution in Abbeville County, South Carolina
Citizen Population in Abbeville County, South Carolina (2022)
Political Trends & Data
In Abbeville County, South Carolina, the 2020 U.S. Presidential Election results showcased a strong lean towards the Republican party, with the Democratic party capturing about one-third of the votes. This voting pattern might suggest the region’s political landscape has a predominantly conservative bent, though there is still notable political diversity. Minor parties like the Libertarian and Green parties received minimal support, possibly indicating limited influence or recognition in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Abbeville County, South Carolina, the 2020 U.S. Presidential Election results indicated a discernible preference for the Republican party, which may reflect the region's political leanings. The Democratic party secured roughly a third of the votes, suggesting some degree of political diversity. Minor parties such as the Libertarian and Green parties garnered minimal support, which could imply limited traction or visibility within the county.
66.07% of voters voted for the Republican party in the 2020 Presidential Election
32.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.71% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Abbeville County, South Carolina, has consistently had a student-to-teacher ratio below the national average of fourteen students per teacher, ranging from twelve in 2014 to around eleven more recently. This suggests that students in Abbeville County might receive more individualized attention compared to many other parts of the United States. This trend could be appealing for families considering moving to the area, investors in educational services, real estate agents... Read more
Student-to-teacher ratio in Abbeville County, South Carolina over the last 10 years
Over the past decade, Abbeville County, South Carolina has consistently maintained a student-to-teacher ratio below the national average of fourteen students per teacher, fluctuating between approximately twelve in 2014 and slightly lower values closer to eleven in recent years. Such a lower ratio suggests that students in Abbeville County may receive more individualized attention from educators compared to many other parts of the United States. This trend could be particularly appealing for families considering relocating to the area, investors in educational services, real estate agents marketing to families, and insurance agents evaluating local education quality. Lower student-to-teacher ratios can often be indicative of potentially better educational outcomes and may improve the overall attractiveness of the area.
