Beaufort County Real Estate and Livability Trends
Beaufort County, South Carolina has experienced a notable rise in average taxable income per tax return, from $70,092.53 in 2013 to $123,471.42 in 2021, hinting at a lucrative environment for investors and real estate agents. Between 2015 and 2022, median home values surged from $274,700 to $377,900, outpacing state and national trends and suggesting higher returns for investors. Property crimes... Read more
Beaufort County Market Trends
In Beaufort County, South Carolina, median home values have shot up from $274,700 in 2015 to $377,900 in 2022, outpacing both state and national trends. This spells potential higher returns for investors. The residential energy tax credit per return saw a peak at $2,813.04 in 2018 before settling at $1,378.95 in 2021, indicating a trend towards energy-efficient home improvements. Real estate... Read more
Median Value of Occupied Housing Units in Beaufort County, South Carolina Over the Last 8 Years
In Beaufort County, South Carolina, median home values have experienced a considerable increase over the past eight years, soaring from $274,700 in 2015 to $377,900 in 2022. This trend outpaces both state and national averages, with South Carolina's median home values rising from $139,900 to $216,200, and the United States seeing an increase from $125,500 to $179,400 in the same period. For investors and prospective homeowners, Beaufort County's robust growth in property values highlights its potential for higher returns and underscores a thriving real estate market.
Residential Energy Tax Credit Per Tax Return in Beaufort County, SC Over the Last 9 Years
Over the last nine years in Beaufort County, South Carolina, the average residential energy tax credit per tax return has generally trended upward, with notable spikes. Starting at approximately $461.76 in 2013, the figure experienced significant increases, peaking at about $2,813.04 in 2018. Though it has settled somewhat since then, the value remains considerably higher than its starting point, reaching around $1,378.95 in 2021. This trend might suggest increasing investments in energy-efficient home improvements, driven by growing incentives, making this an attractive locale for environmentally conscious buyers or investors.
Average Real Estate Taxes Per Tax Return in Beaufort County, SC Over the Last 10 Years
Over the past decade, real estate taxes in Beaufort County, South Carolina have generally shown a noticeable upward trend, escalating from approximately $3,395.36 in 2012 to roughly $6,606.22 in 2021. This steady rise might indicate an increasing demand for properties, potentially leading to higher property values and, consequently, higher taxes. These data points can offer critical insights for investors assessing market trends, appraisers considering property values, or real estate agents advising clients on long-term financial commitments in the region. Such a significant increase in taxes could also be a crucial consideration for individuals looking to move to or invest in Beaufort County.
Percentage of Farm Returns in Beaufort County, SC Over the Last 10 Years
Over the last decade, the percentage of farm tax returns filed in Beaufort County, South Carolina, has shown a slight but consistent decline, dropping from 0.31% in 2012 to approximately 0.25% in 2021. Farm tax returns are important to understand as they generally indicate the number of farming operations within a region. For those considering investments, property development, or relocation in Beaufort County, this trend might suggest a potential shift away from agricultural activities. This could be significant for understanding local economic direction, land use changes, or future market opportunities.
Number of Mortgages by Occupancy Type in Beaufort County, SC Over the Last 5 Years in Beaufort County
Beaufort County, South Carolina has seen notable fluctuations in mortgage activity across various occupancy types over the last five years. Principal Residence mortgages consistently dominate, peaking at 19,368 in 2021 before declining to 11,692 in 2022. The substantial drop in Investment Property mortgages, from 1,484 in 2021 to 1,111 in 2022, may indicate shifting investor confidence or changing market conditions. Second Residence mortgages also show variability, suggesting fluctuating demand for vacation or seasonal homes. These dynamics are crucial for investors, real estate agents, and appraisers, as they could impact property valuations, investment strategies, and housing market forecasts, necessitating tailored approaches in financial considerations and risk assessments.
Economic Outlook
Beaufort County, South Carolina has witnessed a significant rise in average taxable income per tax return, nearly doubling from $70,092.53 in 2013 to $123,471.42 in 2021. This upward trend could highlight lucrative opportunities for investors and real estate agents, while signaling a stronger economic environment for future residents. State and local income taxes have also seen substantial growth, from $8,528.22 in 2012 to $19,247.78 in 2021, possibly indicating increased prosperity or changing... Read more
Average Taxable Income per Tax Return in Beaufort County, SC over the last 9 years
Over the last nine years, Beaufort County, South Carolina has shown a consistent upward trend in average taxable income per tax return, nearly doubling from $70,092.53 in 2013 to $123,471.42 in 2021. This significant increase highlights potentially lucrative opportunities for investors and real estate agents, while signaling a stronger economic environment for those considering moving to the area. Appraisers and insurance agents may find these trends beneficial when evaluating property values and risk assessments. The sharp rise in recent years might also drive new development projects, making it an attractive location for builders.
Average State and Local Income Taxes Per Tax Return in Beaufort County, SC Over the Last 10 Years
In Beaufort County, South Carolina, there has been a noticeable increase in average state and local income taxes per tax return over the past decade. Starting at $8,528.22 in 2012, this figure has progressively risen to $19,247.78 by 2021, with significant jumps in recent years—most notably from $14,479.83 in 2019 to $19,247.78 in 2021. This trend could indicate growing prosperity, changes in tax policy, or shifting population demographics. For investors, real estate agents, and those considering a move to the area, understanding this tax trajectory is vital for financial planning and anticipating potential future tax obligations.
Average Total Tax Liability Per Tax Return in Beaufort County, SC Over the Last 10 Years
Beaufort County, South Carolina has seen a notable increase in average total tax liability per tax return over the last decade. Starting at around $13,898.10 in 2012, liabilities have progressively risen each year, peaking significantly at $24,933.35 in 2021. This upward trend suggests a combination of increasing incomes and possibly rising tax rates, making the county attractive for high-net-worth individuals and potentially influencing property values and real estate investments. This data can also help appraisers and insurance agents to better understand evolving local economics.
Cost of Living in Beaufort County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,836 | $1,673 | $2,049 | $1,250 | $1,712 |
| 1 adult 4 children | $1,836 | $1,366 | $1,568 | $1,250 | $1,809 |
| 2 adults 3 children | $1,836 | $1,367 | $1,777 | $1,250 | $1,401 |
| 1 adult 3 children | $1,836 | $1,116 | $1,296 | $1,250 | $1,546 |
| 2 adults 2 children | $1,463 | $1,119 | $1,506 | $1,127 | $1,106 |
| 1 adult 2 children | $1,463 | $836 | $1,025 | $1,127 | $1,149 |
| 2 adults 1 child | $1,463 | $884 | $1,234 | $730 | $1,044 |
| 1 adult 1 child | $1,463 | $571 | $753 | $730 | $956 |
| 2 adults | $1,295 | $710 | $963 | $0 | $882 |
| 1 adult | $1,267 | $387 | $481 | $0 | $802 |
Safety trends & Data
Over the last five years, Beaufort County, South Carolina has experienced fluctuations in property crimes, with larceny-theft peaking at 406 incidents in 2020 but declining to 261 cases in 2022. Burglary incidents dropped significantly from 67 in 2021 to 30 in 2022. Fraud cases also fell sharply from 103 in 2019 to 46 in 2022, perhaps suggesting improved preventive measures. For real estate investors and insurance agents, these trends might highlight enhanced security initiatives and a gradual... Read more
Property Crime Trends in Beaufort County, SC Over the Last 5 Years
Over the last five years, Beaufort County, South Carolina has seen fluctuations in property crimes. Notably, larceny-theft, the most common type, peaked at 406 reported incidents in 2020 but has shown a downward trend since, reaching 261 cases in 2022. Burglary incidents have also varied, with a significant drop from 67 in 2021 to 30 in 2022. Fraud cases experienced a sharp decline from 103 in 2019 to 46 in 2022, suggesting improved preventive measures. Interestingly, vandalism reports have remained relatively stable, while embezzlement and arson have consistently shown low figures. For real estate investors and insurance agents, these trends may underscore heightened security initiatives and a gradual improvement in crime prevention efforts.
Demographics
Beaufort County, South Carolina, shows an almost equal gender distribution within the adult population. Educational attainment highlights suggest a community that values higher education, with a significant portion holding bachelor's and graduate degrees. The age distribution reveals a robust older demographic, notably those aged 65 and over, which could imply greater demand for healthcare and senior services. Racial demographics indicate a predominantly White population, followed by a sizeable... Read more
Race Distribution in Beaufort County, South Carolina (2022)
Educational Attainment in Beaufort County, South Carolina (2022)
Age Distribution in Beaufort County, South Carolina
Citizen Population in Beaufort County, South Carolina (2022)
Political Trends & Data
In Beaufort County, South Carolina, the real estate market might be subtly influenced by its political landscape, with approximately 54% of voters leaning Republican and 44% Democratic. Such dynamics could affect local policies and development trends, potentially making the area more appealing to specific demographics who resonate with conservative or moderate values. The negligible presence of minor parties suggests a predictable two-party influence on housing-related decisions and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Beaufort County in South Carolina showed a leaning towards the Republican party with an estimated 54% of the vote, while the Democrats garnered around 44%. Minor parties like the Libertarians and the Greens barely made a dent, securing less than 1% each. These numbers reflect a strong two-party dynamic, with third parties struggling to make significant inroads.
54.37% of voters voted for the Republican party in the 2020 Presidential Election
44.38% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Beaufort County, South Carolina has seen its student-to-teacher ratio drop from about fifteen in 2014 to around twelve in 2023, hinting at smaller class sizes and potentially better educational outcomes. For investors, this trend could indicate a community that values education, making the area more attractive for families and possibly boosting property values. Real estate agents might use this data to appeal to buyers seeking strong local schooling, while appraisers and... Read more
Student-to-teacher ratio in Beaufort County, South Carolina over the last 10 years
Over the past decade, Beaufort County, South Carolina has seen a steady decline in its student-to-teacher ratio, dropping from about fifteen in 2014 to around twelve in 2023. This trend indicates smaller class sizes, which can lead to more individualized attention for students and potentially better educational outcomes. For investors, this might signal a community that prioritizes education, possibly making the area more attractive for families. Real estate agents could leverage this data to appeal to prospective buyers looking for quality education. Appraisers and insurance agents might find smaller class sizes indicative of higher property values, as well-maintained educational standards often correlate with a neighborhood's desirability. For those building properties or moving to Beaufort County, lower student-to-teacher ratios compared to the national average of fourteen suggest a competitive edge in local schooling environments.
