Berkeley County Real Estate and Livability Trends
Berkeley County, South Carolina, is showing promising economic indicators that could be attractive to real estate investors. Average taxable income per return has climbed significantly, from around $49,726.55 in 2013 to $77,851.56 in 2021, possibly reflecting job market improvements. Home values have jumped from $153,500 in 2015 to $253,100 in 2022, outpacing both state and national trends, while... Read more
Berkeley County Market Trends
Median home values in Berkeley County, South Carolina, surged from $153,500 in 2015 to $253,100 in 2022, outpacing state and national growth rates. Residential energy tax credits peaked in 2018, reflecting potential policy shifts or investment in energy efficiency, with post-peak stabilization between $1,600.00 and $1,800.00. Real estate taxes per tax return soared from $1,536.94 in 2012 to... Read more
Median Value of Occupied Housing Units in Berkeley County, South Carolina Over the Last 8 Years
Median home values in Berkeley County, South Carolina have shown a consistent upward trend over the past eight years, jumping from $153,500 in 2015 to $253,100 in 2022. This considerable increase outpaces both the state and national averages. For comparison, the median home value in South Carolina moved from $139,900 in 2015 to $216,200 in 2022, while the national median value rose from $125,500 to $179,400 over the same period. This data suggests that Berkeley County may be an attractive location for real estate investment as its home values are appreciating at a notably faster rate.
Residential Energy Tax Credit Per Tax Return in Berkeley County, SC Over the Last 9 Years
Residential energy tax credits in Berkeley County, South Carolina have shown notable fluctuations over the past nine years. The average credit started at around $414.80 in 2013 and saw a peak in 2018 at approximately $3,348.68. This could indicate varying levels of investment in energy-efficient upgrades or possibly shifting policy incentives over the years. After the 2018 peak, there's a noticeable reduction, hovering between $1,600.00 and $1,800.00 from 2019 to 2021. This trend may suggest a stabilization in the market for energy-efficient home improvements or changes in qualifying criteria. Understanding these patterns could be crucial for investors, real estate agents, and homeowners who aim to leverage energy savings and maximize tax incentives in the area.
Average Real Estate Taxes Per Tax Return in Berkeley County, SC Over the Last 10 Years
Real estate taxes per tax return in Berkeley County, South Carolina, have generally increased over the past decade, starting at $1,536.94 in 2012 and reaching $4,140.27 by 2021. Notable jumps in 2018 and 2019 suggest a possible correlation with increased property values or local tax rate adjustments. This trend might interest investors and developers as it reflects both the area's growing market value and potential carrying costs. It could also be relevant for real estate agents and potential homebuyers looking for insights into long-term tax commitments.
Percentage of Farm Returns in Berkeley County, SC Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Berkeley County, South Carolina shows a gradual decline. Starting at approximately 0.47% in 2012 and dropping to around 0.31% by 2021, this trend might indicate a shift away from traditional farming activities. For investors and families considering the area, this could suggest changing economic dynamics and possibly land use trends that might favor residential or commercial development over agricultural pursuits. This context could be particularly useful for those looking to build property or move to the county, as it may reflect broader shifts in land value and local industry. Farm tax returns typically refer to tax filings made by agricultural businesses that can include income from farm produce, livestock, and other farming-related activities. The decline in such returns could imply fewer active farms or a trend towards consolidation of smaller farms into larger ones, potentially influencing the local economy and available amenities.
Number of Mortgages by Occupancy Type in Berkeley County, SC Over the Last 5 Years in Berkeley County
Berkeley County, South Carolina has seen a notable increase in the number of mortgages for principal residences over the past five years. There was a peak in 2021 with 26,564 mortgages, suggesting a strong demand for primary homes. Investment property mortgages also increased, reaching a high in 2021, indicating a growing interest in real estate investment within the county. The relatively stable but low figures for second residences imply that while there is some interest in vacation or secondary homes, it is not a significant driver in the market. These changes in occupancy type data are key for investors, as fluctuations can signal shifts in market demand and potential return rates. Real estate agents, developers, and insurance agents must take note of these trends to better serve their clients, properly assess property values, and structure sound financial products.
Economic Outlook
Berkeley County, South Carolina, has seen a notable rise in average taxable income per tax return, climbing from roughly $49,726.55 in 2013 to $77,851.56 in 2021. This trend may signal economic growth and an improving job market, boding well for investors and real estate professionals by potentially boosting property values. Income taxes have similarly escalated, nearly doubling from $5,575.52 per tax return in 2012 to $13,052.68 in 2021, reflecting rising incomes or tax policy changes. The... Read more
Average Taxable Income per Tax Return in Berkeley County, SC over the last 9 years
Over the past nine years, Berkeley County, South Carolina has seen a consistent rise in the average taxable income per tax return, starting from approximately $49,726.55 in 2013 and peaking at $77,851.56 in 2021. This steady increase is potentially indicative of economic growth and an improving job market in the area. Such trends could suggest promising opportunities for investors and real estate professionals, while also positively impacting property valuations and insurance assessments.
Average State and Local Income Taxes Per Tax Return in Berkeley County, SC Over the Last 10 Years
Income taxes in Berkeley County, South Carolina, have almost consistently increased over the past decade, particularly surging post-2016. From a starting point of approximately $5,575.52 per tax return in 2012, the figure ballooned to around $13,052.68 by 2021. This could be indicative of rising incomes, changes in tax policy, or economic growth in the area, making it a double-edged sword for potential investors or residents. For appraisers and insurance agents, this trend could be important, reflecting higher property values and possibly influencing insurance premiums. Real estate professionals might view these trends as a sign of a strong or strengthening housing market, while those considering relocation should factor in the increased tax burden.
Average Total Tax Liability Per Tax Return in Berkeley County, SC Over the Last 10 Years
The average total tax liability per tax return in Berkeley County, South Carolina, has shown a notable upward trend over the last decade. From $7,728.15 in 2012, it dipped slightly to around $7,300.21 in 2013, but has generally increased year-over-year, reaching $12,940.64 in 2021. This trend might reflect rising incomes or changes in tax policies, making it a key factor for investors, homebuyers, and real estate professionals to consider. The substantial increase, particularly in the latter years, could impact property valuation, insurance premiums, and overall economic dynamics in the area.
Cost of Living in Berkeley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,885 | $1,480 | $1,819 | $1,250 | $1,548 |
| 1 adult 4 children | $1,885 | $1,209 | $1,390 | $1,250 | $1,698 |
| 2 adults 3 children | $1,885 | $1,209 | $1,579 | $1,250 | $1,281 |
| 1 adult 3 children | $1,885 | $987 | $1,150 | $1,250 | $1,452 |
| 2 adults 2 children | $1,516 | $990 | $1,338 | $1,127 | $1,025 |
| 1 adult 2 children | $1,516 | $739 | $909 | $1,127 | $1,095 |
| 2 adults 1 child | $1,516 | $782 | $1,098 | $730 | $1,002 |
| 1 adult 1 child | $1,516 | $505 | $669 | $730 | $937 |
| 2 adults | $1,342 | $628 | $858 | $0 | $855 |
| 1 adult | $1,314 | $343 | $429 | $0 | $801 |
Safety trends & Data
Larceny-theft in Berkeley County, South Carolina, shows a rollercoaster pattern with incidents peaking at 562.0 in 2020 before dropping sharply to 243.0 in 2022. Burglary rates have shown a promising decline from 98.0 in 2018 to around the 70s-80s range since then. Vandalism remains relatively stable with minor fluctuations, standing at 88.0 incidents in 2022. These trends suggest potential improvements in safety measures, which could be appealing for property investors and residents... Read more
Property Crime Trends in Berkeley County, SC Over the Last 5 Years
While larceny-theft dominates property crime in Berkeley County, South Carolina, the trend isn't linear, with notable fluctuations: 493.0 incidents in 2018 peaked at 562.0 in 2020 and then dropped significantly to 243.0 by 2022. Burglary numbers saw a promising decline from 98.0 in 2018 to 70.0 in 2019, though it’s been hovering around the 70s and 80s since. Notably, vandalism incidents remain fairly consistent with minor ups and downs, standing at 88.0 in 2022. For anyone interested in property investment or living in this county, these trends suggest a general reduction in some property crimes, hinting at possible improvements in safety measures over the years.
Demographics
Berkeley County, South Carolina has a balanced gender distribution with slightly more females than males. The population favors higher education with many residents having completed some college; however, a notable proportion still holds just a high school diploma or less. Young adults and working-age individuals dominate the age distribution, while seniors make up a smaller, yet significant segment of the population. The racial distribution showcases a predominantly White population with a... Read more
Race Distribution in Berkeley County, South Carolina (2022)
Educational Attainment in Berkeley County, South Carolina (2022)
Age Distribution in Berkeley County, South Carolina
Citizen Population in Berkeley County, South Carolina (2022)
Political Trends & Data
In Berkeley County, South Carolina, the 2020 U.S. Presidential Election results reflected a probable conservative leaning, with roughly 54% of voters favoring Republican candidates. Democrats captured around 43% of the votes, showing a significant, though smaller, proportion of support. Third-party candidates, including Libertarian and Green parties, collectively achieved less than 2%, hinting at a minimal but present alternative political interest within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Berkeley County, South Carolina, the 2020 U.S. Presidential Election saw a likely preference for Republican candidates, with just over 54% of the votes. Democrats garnered support from approximately 43% of voters, indicating a notable, though smaller, segment of the electorate. Libertarian and Green parties had minimal influence, with around 1.4% and 0.3% of the vote, respectively. This voting pattern might suggest a predominantly conservative constituency with sporadic support for third-party candidates.
54.95% of voters voted for the Republican party in the 2020 Presidential Election
43.29% of voters voted for the Democrat party in the 2020 Presidential Election
1.42% 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
0.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Berkeley County, South Carolina, the student-to-teacher ratio has generally been higher than the national average of 14 students per teacher over the past decade. Specifically, this ratio has seen minor fluctuations, with values ranging from 16.39 in 2014 to 15.38 by 2023. This higher ratio could imply larger class sizes, potentially influencing individualized attention and educational outcomes. For those considering investing in property or relocating, understanding these dynamics is... Read more
Student-to-teacher ratio in Berkeley County, South Carolina over the last 10 years
In Berkeley County, South Carolina, the student-to-teacher ratio has generally been higher than the national average of fourteen students per teacher over the past decade. Specifically, this ratio has seen minor fluctuations, with values ranging from 16.39 in 2014 to a gradual decrease to 15.38 by 2023. This higher ratio could imply larger class sizes, which may affect individualized attention for students and potentially influence educational outcomes. For those considering investing in property, building new homes, or moving to the area, understanding these dynamics is crucial, as it impacts the perceived quality of the local education system—an important factor for families and future residents. Real estate agents, appraisers, and insurance agents should keep this in mind, as it can affect property values and community desirability.
