Aiken County Real Estate and Livability Trends
Aiken County, South Carolina, presents a compelling opportunity for investors and homebuyers, with average taxable income soaring from $51,813.89 in 2013 to $69,880.75 in 2021. This economic vibrancy is mirrored in the median home values, which climbed from $128,800 in 2015 to $181,800 in 2022, underscoring a growing and affordable market. Even as real estate taxes and average total tax... Read more
Aiken County Market Trends
Aiken County, South Carolina has seen a steady increase in median home values from $128,800 in 2015 to $181,800 in 2022, signaling a promising market for potential investors and residents. Although slightly more modest than the state level, this rise points to a more affordable yet growing market within South Carolina. Residential energy tax credits have fluctuated significantly, with a spike... Read more
Median Value of Occupied Housing Units in Aiken County, South Carolina Over the Last 8 Years
Aiken County, South Carolina, has experienced a steady increase in median home values over the past eight years, rising from $128,800 in 2015 to $181,800 in 2022. This trend, while in step with the national increase—from $125,500 to $179,400—indicates a consistent growth that may be attractive to potential investors and residents. Comparing it to the state level, Aiken County's growth is slightly more modest than the overall state increase, which saw values jump from $139,900 to $216,200. This nuanced growth pattern suggests Aiken County could be a more affordable yet promising market within South Carolina.
Residential Energy Tax Credit Per Tax Return in Aiken County, SC Over the Last 9 Years
Aiken County, South Carolina, has seen significant fluctuations in residential energy tax credits per tax return over the past nine years, with a notable spike from $504.17 in 2015 to $3,002.17 in 2018. This variability could suggest an increased investment in energy efficiency or renewable energy projects among homeowners. For potential investors, real estate agents, or those considering a move to the area, it points to a dynamic market that might be leveraging incentives for property upgrades. For insurance agents and appraisers, it signals a potential for properties with enhanced energy-efficient features, impacting valuations and insurance considerations. These trends are particularly interesting for builders and developers eyeing Aiken County for new projects or renovations.
Average Real Estate Taxes Per Tax Return in Aiken County, SC Over the Last 10 Years
Over the past decade, Aiken County, South Carolina has seen a steady increase in average real estate taxes per tax return, with a significant jump around 2018. For instance, between 2012 and 2017, taxes rose modestly from roughly $1,596.35 to $1,804.24, while from 2018 onwards, there was a marked surge, peaking at around $2,800.64 in 2021. Investors, property owners and residents should anticipate this upward trend for planning purposes, and appraisers and insurance agents might keep an eye on these shifts for more accurate valuations and policy adjustments.
Percentage of Farm Returns in Aiken County, SC Over the Last 10 Years
Aiken County, South Carolina, has seen a somewhat consistent yet subtle decline in farm tax returns over the last decade. Farm tax returns, which typically represent the profitability and taxable income of farming operations, have dipped from around 1.44% in 2012 to just about 1.22% in 2021. This could suggest that farming profitability or the number of operational farms in the area might be experiencing slight downward pressures. For investors, potential homeowners, and developers, this trend might hint at shifts in the local economy and land use patterns, which could affect future property values and development opportunities.
Number of Mortgages by Occupancy Type in Aiken County, SC Over the Last 5 Years in Aiken County
Over the past five years in Aiken County, South Carolina, mortgages for principal residences have generally shown growth, peaking in 2021 with 12,720, before a sharp decline in 2022 to 8,903. Investment properties have exhibited more stability, with only slight fluctuations, maintaining around 300-458 mortgages annually. Second residences have remained relatively low but consistent, never surpassing 300. Shifts in the number of mortgages can influence investment decisions, real estate values, and insurance premiums. Appraisers and insurers might find the surge and subsequent drop in principal residence mortgages worth noting as it could reflect broader economic or demographic changes affecting housing demand.
Economic Outlook
Aiken County, South Carolina, has experienced a robust economic upswing over the past decade. The average taxable income per tax return jumped from $51,813.89 in 2013 to $69,880.75 in 2021, signaling a thriving local economy appealing to investors and homebuyers. Concurrently, average state and local income taxes escalated from $5,812.00 in 2012 to $10,194.50 in 2021, reflecting substantial economic or policy shifts. Meanwhile, the average total tax liability per tax return increased from... Read more
Average Taxable Income per Tax Return in Aiken County, SC over the last 9 years
Over the past nine years, Aiken County, South Carolina, has seen a steady rise in the average taxable income per tax return. The income has increased from $51,813.89 in 2013 to $69,880.75 in 2021. This upward trend indicates positive economic growth in the area, which can be attractive for investors, real estate agents, and potential homebuyers looking for a thriving community. The consistent climb in taxable income may also appeal to appraisers and insurance agents as it suggests a stable and potentially appreciating market.
Average State and Local Income Taxes Per Tax Return in Aiken County, SC Over the Last 10 Years
Over the past decade in Aiken County, South Carolina, average state and local income taxes per tax return have seen a notable upward trend. Starting at $5,812.00 in 2012, the amount climbed steadily each year, peaking at $10,194.50 in 2021. Particularly striking are the substantial increases in 2018 and 2019, reflecting significant economic or policy changes. This upward movement could be a crucial consideration for potential investors, homeowners, and real estate agents. It might also impact appraisals and insurance decisions, signaling an increasingly robust local economy.
Average Total Tax Liability Per Tax Return in Aiken County, SC Over the Last 10 Years
Over the last decade, Aiken County, South Carolina has seen a notable increase in the average total tax liability per tax return, growing from $7,780.27 in 2012 to $10,534.89 in 2021. This steady rise may indicate a broader trend towards higher incomes or property values, which could potentially attract investors and real estate professionals looking for growth opportunities. However, those considering moving there or assessing properties might want to account for the increasing tax burdens. This uptrend is also crucial for insurance agents and appraisers as it might reflect underlying economic growth or changes in local fiscal policies.
Cost of Living in Aiken County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,291 | $1,416 | $1,815 | $1,250 | $1,141 |
1 adult 4 children | $1,291 | $1,156 | $1,387 | $1,250 | $1,275 |
2 adults 3 children | $1,291 | $1,156 | $1,575 | $1,250 | $927 |
1 adult 3 children | $1,291 | $944 | $1,147 | $1,250 | $1,036 |
2 adults 2 children | $959 | $947 | $1,335 | $1,127 | $771 |
1 adult 2 children | $959 | $707 | $907 | $1,127 | $718 |
2 adults 1 child | $959 | $748 | $1,096 | $730 | $741 |
1 adult 1 child | $959 | $483 | $668 | $730 | $637 |
2 adults | $840 | $601 | $856 | $0 | $623 |
1 adult | $708 | $328 | $428 | $0 | $539 |
Safety trends & Data
Property crime in Aiken County, South Carolina has notable shifts over the past five years. Larceny-theft, the most common issue, has declined from 575.00 cases in 2018 to 451.00 in 2022. Burglary incidents have also seen a substantial drop, from 145.00 in 2018 to just 43.00 in 2022. However, inconsistency in vandalism and fraud cases still warrants attention for risk assessment. These trends suggest potentially improving safety conditions for investors, residents, and other stakeholders,... Read more
Property Crime Trends in Aiken County, SC Over the Last 5 Years
Property crime in Aiken County, South Carolina has seen some notable shifts over the past five years. Larceny-theft remains the most common issue, but numbers have shown a general decline from 575.0 cases in 2018 to 451.0 in 2022. Burglary incidents have also decreased substantially, moving from 145.0 in 2018 to just 43.0 in 2022. However, there's been some inconsistency in the numbers for vandalism and fraud, which demand attention for risk assessment. These trends potentially signal improving safety conditions for prospective investors, residents, appraisers, and other stakeholders, though property-related risks do necessitate ongoing vigilance.
Demographics
Aiken County, South Carolina's gender distribution is relatively balanced with a slight inclination towards females. Educational attainment appears varied, with a notable concentration of high school graduates and individuals who have attended some college but hold no degree. Age distribution shows a significant proportion of the population is over 55, which could suggest a retiring community. Meanwhile, racial composition is predominantly White, with a considerable Black or African American... Read more
Race Distribution in Aiken County, South Carolina (2022)
Educational Attainment in Aiken County, South Carolina (2022)
Age Distribution in Aiken County, South Carolina
Citizen Population in Aiken County, South Carolina (2022)
Political Trends & Data
Aiken County, South Carolina, showed a significant Republican preference in the 2020 U.S. Presidential Election, with the GOP potentially securing around 60.6% of the vote. Democrats trailed with an estimated 37.9%, while minor parties like the Libertarians and the Green party each collected less than 2%. This could indicate a strong conservative leaning in the county's political landscape in recent... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Aiken County, South Carolina, saw a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with Republicans potentially securing around 60.6% of the vote. Democrats followed but with a notably lower share, estimated at around 37.9%. Minor parties, including Libertarians and the Green party, each gathered less than 2% of the vote, indicating a strong two-party dominance. This trend highlights Aiken County’s possible firm conservative inclination in recent elections.
60.56% of voters voted for the Republican party in the 2020 Presidential Election
37.89% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.08% of voters voted for the Other party in the 2020 Presidential Election
School Data
Aiken County, South Carolina's student-to-teacher ratio has hovered around the mid-15 range over the past decade, marginally higher than the national average of 14. This could suggest a more crowded learning environment, possibly impacting the perceived educational quality. Potential homebuyers, investors, and appraisers might find this data useful when evaluating the county's attractiveness, while insurance agents and developers might consider it when assessing the area's future growth... Read more
Student-to-teacher ratio in Aiken County, South Carolina over the last 10 years
Over the past decade, Aiken County, South Carolina has seen its student-to-teacher ratio fluctuate around the mid-15 range, peaking at 16 in 2014 and dropping to around 15 in 2019 and 2020. Compared to the national average of 14 students per teacher, Aiken County has typically had slightly larger class sizes, which could imply a more crowded learning environment. This trend may interest potential investors, homebuyers, appraisers, and real estate agents as it speaks to the county’s educational capacity and resources. For those moving to the area, a higher student-to-teacher ratio might be a concern when considering educational quality. Similarly, insurance agents and property developers might factor in these educational trends when assessing the desirability and future growth of Aiken County.