Anderson County Real Estate and Livability Trends
Anderson County, South Carolina, has shown promising economic developments, with average taxable income rising from $48,680.16 in 2013 to $66,030.48 in 2021 and median home values increasing from $128,100 in 2015 to $189,400 in 2022. These trends suggest a growing and potentially lucrative real estate market. The area is also witnessing enhanced educational quality as reflected in a declining... Read more
Anderson County Market Trends
Anderson County, South Carolina's real estate market has seen a notable rise in median home values, jumping from $128,100 in 2015 to $189,400 in 2022, outpacing national growth. This trend suggests strong market confidence and attractive investment opportunities. Concurrently, the fluctuating residential energy tax credits, peaking at $3,609.52 in 2018 before stabilizing around $1,960.71 by 2021,... Read more
Median Value of Occupied Housing Units in Anderson County, South Carolina Over the Last 8 Years
In Anderson County, South Carolina, the median home value has seen a significant upward trend over the last 8 years, escalating from $128,100 in 2015 to $189,400 in 2022. This local growth mirrors the broader state trend, where home values statewide rose from $139,900 to $216,200 during the same period. Interestingly, Anderson County's home value growth outpaced national figures, which went from $125,500 to $179,400. For those interested in investing or relocating, Anderson County's increasing home values might signal strong market confidence and potentially attractive returns on property investments.
Residential Energy Tax Credit Per Tax Return in Anderson County, SC Over the Last 9 Years
Anderson County, South Carolina has seen significant fluctuations in residential energy tax credits over the past nine years. Starting at $321.71 in 2013 and peaking at $3609.52 in 2018, the average residential energy tax credit per tax return indicates a growing interest in energy-efficient improvements. Notably, the sharp increase between 2016 and 2018 suggests heightened investment in residential energy efficiency, possibly driven by evolving state incentives or rising energy costs. However, the dip to $1922.35 in 2019 and slight recovery to $1960.71 by 2021 may imply market stabilization or shifts in policy impacts. This trend is crucial for real estate agents, investors, and property developers as it may reflect broader market dynamics and consumer priorities.
Average Real Estate Taxes Per Tax Return in Anderson County, SC Over the Last 10 Years
Over the past decade, Anderson County, South Carolina has experienced a steady rise in average real estate taxes per tax return, increasing from approximately $1,574.89 in 2012 to around $2,807.08 in 2021. Notably, there was a significant jump between 2017 and 2018, where taxes increased from about $1,881.23 to $2,528.57. This consistent upward trend in property taxes could be indicative of rising property values, and may influence investment decisions, real estate development, and the overall cost of living for current and prospective residents.
Percentage of Farm Returns in Anderson County, SC Over the Last 10 Years
Anderson County, South Carolina has seen a slight but notable decrease in the percentage of farm tax returns over the last decade. Starting from 1.43% in 2012, the percentage dipped to as low as around 1.24% in 2020. This trend could signal changing dynamics in agricultural investments or shifts towards other economic activities. For investors, developers, and potential new residents, understanding these shifts helps gauge the local economic focus and development opportunities. Farm tax returns essentially represent the portion of tax filings from agricultural operations, a critical metric reflecting the health and presence of the farming sector in the area.
Number of Mortgages by Occupancy Type in Anderson County, SC Over the Last 5 Years in Anderson County
Analyzing Anderson County, South Carolina, a notable trend is the dominant volume of mortgages for Principal Residences, sharply contrasting with the fewer numbers for Investment Properties and Second Residences. Over the past five years, there's been an observable peak in principal residence mortgages around 2021, likely influenced by market factors such as interest rates and property availability. Investors might be cautious as the relative consistency and lower figures for investment property mortgages suggest a lesser focus on rental or resale properties. For potential homeowners and appraisers, the significant primary residence trend points to a stable and possibly competitive market. Meanwhile, builders and real estate agents might note these patterns to strategize developments and sales, considering primary residency unmistakably constitutes the county's mortgage backbone. Though less prominent, second residences haven't shown drastic surges, maintaining a steady demand that could be explored for niche markets.
Economic Outlook
Anderson County, South Carolina has seen a consistent rise in average taxable income, jumping from $48,680.16 in 2013 to $66,030.48 in 2021, hinting at a more favorable economic climate for real estate investments. Correspondingly, state and local income taxes have increased steadily, potentially reflecting a growing local economy but also higher costs for property buyers. Property values might also be on the rise as average total tax liability climbed from $7,139.29 in 2012 to $10,016.64 in... Read more
Average Taxable Income per Tax Return in Anderson County, SC over the last 9 years
Anderson County, South Carolina has seen a steady increase in average taxable income per tax return over the past nine years, with notable jumps particularly in 2018 and 2021. From a modest $48,680.16 in 2013, the average surged to $66,030.48 by 2021. This upward trend likely reflects broader economic improvements and could indicate a favorable environment for investment and property growth, making the county an appealing prospect for real estate agents and potential residents alike. For appraisers and insurance agents, these income trends may suggest rising property values and the need for updated assessments.
Average State and Local Income Taxes Per Tax Return in Anderson County, SC Over the Last 10 Years
Anderson County, South Carolina, has seen a notable upward trend in average state and local income taxes per tax return over the past decade. Starting at $5,688.41 in 2012, there has been a steady increase, culminating at $11,224.37 by 2021. This rise might indicate economic growth in the region, potentially affecting property values and cost of living. For investors and those considering building or buying property, this upward trend in taxes may reflect a more prosperous local economy, though it could also mean higher expenses. Real estate agents and appraisers might find this data useful for forecasting property values and advising clients accordingly.
Average Total Tax Liability Per Tax Return in Anderson County, SC Over the Last 10 Years
Over the last decade, Anderson County, South Carolina has seen a noticeable increase in average total tax liability per tax return. Starting from $7,139.29 in 2012, the liability has gradually risen, peaking at $10,016.64 in 2021. This upward trend could potentially signal a robust economic growth or changing tax policies that are relevant for investment decisions, property development, and appraisal values. Real estate agents and potential residents might find this information useful for understanding the financial landscape of the county.
Cost of Living in Anderson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,123 | $1,383 | $2,127 | $1,250 | $1,153 |
| 1 adult 4 children | $1,123 | $1,130 | $1,628 | $1,250 | $1,261 |
| 2 adults 3 children | $1,123 | $1,130 | $1,844 | $1,250 | $927 |
| 1 adult 3 children | $1,123 | $923 | $1,345 | $1,250 | $1,008 |
| 2 adults 2 children | $892 | $925 | $1,562 | $1,127 | $801 |
| 1 adult 2 children | $892 | $691 | $1,063 | $1,127 | $736 |
| 2 adults 1 child | $892 | $731 | $1,280 | $730 | $762 |
| 1 adult 1 child | $892 | $472 | $781 | $730 | $642 |
| 2 adults | $709 | $587 | $998 | $0 | $611 |
| 1 adult | $688 | $320 | $499 | $0 | $557 |
Safety trends & Data
Anderson County, South Carolina, has experienced fluctuating property crime trends over the past five years, with larceny-theft peaking at 964.00 incidents in 2020 but dropping to 510.00 by 2022. Burglary and motor vehicle theft have been gradually declining, yet embezzlement, forgery, and counterfeiting incidents ticked up towards 2022. This dynamic crime landscape underscores the necessity for tailored security measures and vigilant market assessments for real estate investors, insurers, and... Read more
Property Crime Trends in Anderson County, SC Over the Last 5 Years
Anderson County, South Carolina, has seen fluctuating trends in property crimes over the past five years. Larceny-theft remains the most prevalent issue, peaking at 964.00 incidents in 2020 but dropping to 510.00 incidents by 2022. Burglary and motor vehicle theft have seen gradual declines, whereas incidents of embezzlement, forgery, and counterfeiting showed a slight upturn towards 2022. The unpredictable nature of these trends suggests a dynamic environment for real estate investors, insurers, and property developers, highlighting the need for tailored security measures and vigilant market assessments.
Demographics
Anderson County, South Carolina, shows a relatively balanced gender distribution with a slight female majority. Educationally, a significant portion of the population has achieved a high school diploma or some college education, while a notable segment holds bachelor's or graduate degrees. Age-wise, there's a strong presence across various age groups, notably those aged 25-64. Racial composition is predominantly white, with Black or African American residents making up another substantial... Read more
Race Distribution in Anderson County, South Carolina (2022)
Educational Attainment in Anderson County, South Carolina (2022)
Age Distribution in Anderson County, South Carolina
Citizen Population in Anderson County, South Carolina (2022)
Political Trends & Data
Anderson County, South Carolina leans heavily Republican with roughly 70% of the 2020 Presidential vote. The Democratic party attracted about 28%, leaving less than 2% for third-party options. This conservative tilt might shape local and national political strategies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Anderson County, South Carolina saw a significant leaning towards the Republican party with approximately 70% of the vote in the 2020 Presidential Election. The Democratic party secured nearly 28%, indicating a strong partisan divide. Third-party candidates, including Libertarian and Green candidates, garnered less than 2% collectively. These voting trends could suggest a notably conservative electorate, which may influence local and national political strategies and outreach efforts in future elections.
70.31% of voters voted for the Republican party in the 2020 Presidential Election
28.27% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Anderson County, South Carolina, has reported a steady drop in its student-to-teacher ratio from nearly 17:1 in 2014 to just over 14:1 in 2023, now sitting below the national average. This trend may hint at better educational quality and resource allocation, making the area potentially more appealing to prospective residents, investors, or educators focused on personalized learning... Read more
Student-to-teacher ratio in Anderson County, South Carolina over the last 10 years
Anderson County, South Carolina, has seen a gradual decline in its student-to-teacher ratio over the last ten years, dropping from nearly seventeen students per teacher in 2014 to just over fourteen students in 2023. This ratio is now just below the current national average of fourteen students per teacher, which could suggest an improvement in personalized attention for students in classrooms. For prospective residents, real estate agents, investors, or educators, this trend may indicate a positive shift in educational quality and resource allocation within the county's schools.
