Bamberg County Real Estate and Livability Trends
In Bamberg County, South Carolina, residential property trends suggest an under-the-radar market with affordability and growth potential. Median home values have climbed from $63,900 in 2015 to $97,200 in 2022, presenting a potential boon for investors. However, average real estate taxes also saw a significant leap to $3,025.00 in 2018, hinting at policy changes that could affect long-term costs.... Read more
Bamberg County Market Trends
Bamberg County, South Carolina's median home values have climbed from $63,900 in 2015 to $97,200 in 2022, but remain behind state and national medians. This could signal affordable investment opportunities with growth potential. Notably, residential energy tax credits peaked at $2,525.00 in 2018, indicating possible investment in energy-efficient homes. Average real estate taxes jumped to... Read more
Median Value of Occupied Housing Units in Bamberg County, South Carolina Over the Last 8 Years
While median home values in Bamberg County, South Carolina have seen a steady rise from $63,900 in 2015 to $97,200 in 2022, they still trail behind state and national levels. South Carolina's median home value surged to $216,200 in 2022, almost doubling from $139,900 in 2015. Nationally, median home values increased from $125,500 to $179,400 over the same period. Investors and potential residents might perceive Bamberg County as an opportunity for more affordable housing, but the data also suggests room for growth compared to broader market trends.
Residential Energy Tax Credit Per Tax Return in Bamberg County, SC Over the Last 9 Years
Bamberg County, South Carolina has seen significant fluctuations in the average residential energy tax credit claimed per tax return over the past nine years. Particularly notable are the sharp increases in 2017 to $920.00 and 2018 to $2525.00, indicating potential heightened investment in energy-efficient home improvements or installations during those years. The subsequent years show a decrease, stabilizing somewhat, but not returning to pre-2016 levels, hinting at a continuing interest in energy efficiency among residents. This trend suggests a possible focus on sustainability and energy savings that could be attractive to new investors, real estate agents, and builders looking to tap into an eco-conscious market in the county.
Average Real Estate Taxes Per Tax Return in Bamberg County, SC Over the Last 10 Years
Average real estate taxes per tax return in Bamberg County, South Carolina have seen fluctuations over the past decade, with significant increases notable around 2018 when values peaked at approximately $3,025.00. From 2012 to 2017, there was a consistent upward trajectory, with a notable jump from 2016 to 2017, where values increased by about $110.00. Post-2018, there was a dip in 2020, but values saw a slight increase again in 2021. This volatility might intrigue potential investors and homeowners curious about the financial dynamics influencing property taxes and could be indicative of underlying economic or policy changes within the county.
Percentage of Farm Returns in Bamberg County, SC Over the Last 10 Years
Over the last decade, Bamberg County, South Carolina, has seen slight fluctuations in the percentage of farm tax returns. These percentages, showing a small downward trend from about 5.19% in 2012 to 4.70% in 2021, may hint at the evolving dynamics within the local agricultural sector. Farm tax returns generally represent the proportion of tax filings indicating income generated from agricultural activities. For those considering investing in or moving to Bamberg County, this data offers potentially useful insights into the economic climate, especially concerning agriculture's role in the local economy.
Number of Mortgages by Occupancy Type in Bamberg County, SC Over the Last 5 Years in Bamberg County
Bamberg County, South Carolina has shown a noticeable focus on principal residence mortgages over the past five years, with a steady but small presence in investment properties and second residences. Principal residences dominate the market, suggesting a community-oriented focus rather than heavy investment or transient second home ownership. For investors, the relatively low count of investment property mortgages could imply less competition and potentially untapped market opportunities. For those looking to move or buy, the higher number of principal residence mortgages signifies a stable, potentially family-friendly environment. Appraisers and real estate agents might find more consistent comparable sales data within the principal residence sector, while insurance agents may prioritize policies tailored to permanent residents. Builders might see greater demand for primary living spaces over vacation homes or rental properties.
Economic Outlook
In Bamberg County, South Carolina, the average taxable income per tax return has steadily risen from approximately $36,725.65 in 2013 to about $46,000.38 in 2021, suggesting an improving local economy of potential interest to investors and new residents. Average state and local income taxes per tax return, however, have seen significant fluctuations, jumping from around $5,000 before 2019 to $9,244.44 in 2021, possibly hinting at local economic policy changes or new infrastructure. Such shifts... Read more
Average Taxable Income per Tax Return in Bamberg County, SC over the last 9 years
Over the past nine years, the average taxable income per tax return in Bamberg County, South Carolina has shown a general upward trend, increasing from approximately $36,725.65 in 2013 to about $46,000.38 in 2021. This steady rise suggests a potentially improving economic situation, which could make the county an attractive prospect for investors and those looking to move. For real estate agents and appraisers, this trend might correlate with increasing property values, and for insurance agents, it could indicate a shift in the risk profile of the area. Those planning to build property might also see this as a positive sign of growing affluence in the region.
Average State and Local Income Taxes Per Tax Return in Bamberg County, SC Over the Last 10 Years
The average state and local income taxes per tax return in Bamberg County, South Carolina have seen some significant fluctuations over the last decade. After a relatively stable period from 2012 to 2018 where taxes averaged around $5,000, there was a notable surge in 2019 where the average jumped to $8,204.55. This trend continued with another rise in 2021, reaching an average of $9,244.44. Such significant increases could impact how appealing the area is for potential investors or new residents, indicating potential shifts in local economic policies or property values. The notable jumps in tax burdens could be due to increased infrastructure developments or other community investments which might be valuable for real estate agents and appraisers to consider.
Average Total Tax Liability Per Tax Return in Bamberg County, SC Over the Last 10 Years
Over the past decade in Bamberg County, South Carolina, average total tax liability per tax return has shown moderate fluctuation, with noticeable dips and peaks. From a low of $4,907.60 in 2013, it climbed to a peak of $6,370.98 in 2020. This kind of volatility can signal shifts in economic conditions and tax policies impacting residents. Such data is pivotal for real estate agents, investors, and insurance agents to gauge the financial health and tax environment, potentially influencing market decisions and property values.
Cost of Living in Bamberg County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,109 | $1,202 | $1,752 | $1,065 | $868 |
| 1 adult 4 children | $1,109 | $982 | $1,340 | $1,065 | $950 |
| 2 adults 3 children | $1,109 | $982 | $1,521 | $1,065 | $686 |
| 1 adult 3 children | $1,109 | $802 | $1,108 | $1,065 | $733 |
| 2 adults 2 children | $780 | $804 | $1,289 | $935 | $566 |
| 1 adult 2 children | $780 | $601 | $876 | $935 | $511 |
| 2 adults 1 child | $780 | $636 | $1,057 | $512 | $566 |
| 1 adult 1 child | $780 | $410 | $644 | $512 | $482 |
| 2 adults | $593 | $511 | $825 | $0 | $502 |
| 1 adult | $589 | $278 | $413 | $0 | $490 |
Safety trends & Data
Bamberg County, South Carolina, has seen some interesting shifts in property crime trends that could impact real estate decisions. While burglary cases have seen a potential improvement, dropping from 19 in 2018 to just 4 in 2022, larceny incidents have fluctuated, peaking at 68 in 2018 and decreasing to 35 in 2022. Vandalism cases remain inconsistent with no clear trend. These variations underscore the need for real estate professionals to closely monitor crime data to better assess risk and... Read more
Property Crime Trends in Bamberg County, SC Over the Last 5 Years
Bamberg County, South Carolina, has seen fluctuations in property crimes over the past five years. From 2018 to 2022, burglary cases have gradually decreased from 19 to 4, suggesting a possible improvement in security or reporting. Conversely, larceny - theft incidents peaked in 2018 at 68 and varied thereafter, with 2022 showing 35 cases. Vandalism cases also show inconsistency, but with no clear upward or downward trend over time. For potential investors, builders, and real estate professionals, these varying trends highlight the need to stay informed on current crime data to assess risk and property value accurately.
Demographics
Bamberg County, South Carolina's demographic data in 2022 hints at slight gender imbalances, with a slightly higher number of females than males. The county shows a diverse educational attainment, although a significant portion of the population has only achieved a high school diploma or some college education. Age distribution could suggest a mature populace, since older age brackets present substantial numbers. Racial distribution indicates a predominance of Black or African American... Read more
Race Distribution in Bamberg County, South Carolina (2022)
Educational Attainment in Bamberg County, South Carolina (2022)
Age Distribution in Bamberg County, South Carolina
Citizen Population in Bamberg County, South Carolina (2022)
Political Trends & Data
In Bamberg County, South Carolina, the 2020 U.S. Presidential Election results suggest a strong Democratic leaning with 61.8% of the vote, compared to the Republican Party's 37.3%. This shift hints at a significant Democratic preference, surprising in a state often viewed as a Republican stronghold. Minor parties like Libertarian and Green show minimal impact, indicating their limited influence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Bamberg County, South Carolina, the 2020 U.S. Presidential Election results show the Democratic Party potentially gaining a significant lead with approximately 61.8% of the vote, while the Republican Party may trail at about 37.3%. This suggests a notable Democratic preference in a state that might traditionally be seen as a Republican stronghold. Libertarian and Green parties, along with other minor parties, collectively account for a very small portion of the vote, indicating limited influence in the county's election dynamics.
37.29% of voters voted for the Republican party in the 2020 Presidential Election
61.86% of voters voted for the Democrat party in the 2020 Presidential Election
0.48% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bamberg County in South Carolina has maintained a student-to-teacher ratio around 12 to 13 over the last decade, slightly below the national average of 14. This might appeal to families seeking more personalized attention for their children, potentially driving housing demand. For investors and real estate agents, this could suggest stability in the market. An educational environment with lower ratios might enhance community desirability, possibly impacting property values and insurance risks... Read more
Student-to-teacher ratio in Bamberg County, South Carolina over the last 10 years
Over the past decade, Bamberg County in South Carolina has consistently maintained a student-to-teacher ratio hovering around 12 to 13, which is slightly below the US national average of 14 students per teacher. This relatively lower student-to-teacher ratio can be an appealing factor for families considering moving to the area, as it suggests potentially more personalized attention for students. For investors and real estate agents, this stable ratio might indicate a steady demand for housing in areas with quality education. Additionally, appraisers and insurance agents might find that an educational environment with lower ratios enhances community desirability, potentially impacting property values and insurance risks positively.
