Cherokee County Real Estate and Livability Trends
Cherokee County, South Carolina’s real estate market has seen robust growth; median home values jumped from $86,500 in 2015 to $124,500 in 2022. Despite this increase, local property values still trail state and national averages, making the county an attractive option for those seeking affordability. Rising taxable incomes and a significant decrease in property crime enhance its appeal, while... Read more
Cherokee County Market Trends
Median home values in Cherokee County, South Carolina have risen impressively, moving from $86,500 in 2015 to $124,500 in 2022. This local growth, although strong, still lags behind the state, which surged from $139,900 to $216,200, and the national figures. The relatively lower property values could attract those seeking more affordable entry points into the market. The average residential... Read more
Median Value of Occupied Housing Units in Cherokee County, South Carolina Over the Last 8 Years
Median home values in Cherokee County, South Carolina over the last eight years have shown a consistent upward trend, climbing from $86,500 in 2015 to $124,500 in 2022. This growth, though impressive locally, remains lower compared to state figures, where values rose from $139,900 to $216,200 in the same period, and national values that increased from $125,500 to $179,400. Those interested in investing or moving to Cherokee County might find the relatively lower property values enticing, suggesting potentially more affordable entry points into the housing market compared to broader state or national markets.
Residential Energy Tax Credit Per Tax Return in Cherokee County, SC Over the Last 9 Years
Over the past nine years, the average residential energy tax credit per tax return in Cherokee County, South Carolina has shown significant fluctuations, with values ranging from $296.77 in 2015 to a high of $2,522.22 in 2018. The steep increase seen in 2016, 2017, and particularly in 2018 suggests a rising local investment in energy-efficient improvements during those years. This data may be of particular interest to real estate agents and investors as an indicator of potential market appeal for properties with energy-efficient features. Insurance agents and appraisers could also find this information useful when assessing energy-efficient homes for coverage and valuation.
Average Real Estate Taxes Per Tax Return in Cherokee County, SC Over the Last 10 Years
Average real estate taxes in Cherokee County, South Carolina have shown a notable upward trend from $949.34 in 2012 to $1936.67 in 2021. This consistent increase could be of interest to potential investors and property developers as it may reflect broader economic growth or funding for community improvements. However, rising taxes may also influence the cost calculations for homebuyers, appraisers, and real estate agents planning transactions in the area, making it essential to factor these trends into financial and investment planning.
Percentage of Farm Returns in Cherokee County, SC Over the Last 10 Years
Cherokee County, South Carolina has seen a gradual decline in farm tax returns over the last decade, starting from approximately 1.53% in 2012 and dropping to around 1.18% by 2021. Farm tax returns generally provide insights into the economic activities and profitability of farming businesses in the area. This trend suggests a potential shift in economic viability or an increase in alternative employment opportunities, which would be relevant for investors considering agricultural ventures, potential homeowners looking for rural properties, and developers exploring land use options in the region.
Number of Mortgages by Occupancy Type in Cherokee County, SC Over the Last 5 Years in Cherokee County
Changes in occupancy type for mortgages in Cherokee County, South Carolina over the past five years reveal a significant inclination toward principal residences compared to investment and second properties. The notable rise in principal residence mortgages—peaking at 2,311 in 2021—could imply growing local residency and housing demand. For investors and developers, this trend might suggest strengthening market stability and a potential for higher returns on residential projects. Conversely, the relatively steady but lower numbers for investment properties highlight a less aggressive but consistent interest in rental and secondary housing markets. Understanding these shifts is crucial for appraisers and insurance agents as they assess property values and risks, providing more tailored and competitive services.
Economic Outlook
Cherokee County, South Carolina, has seen an impressive rise in average taxable income per tax return over the past nine years, moving from $38,914.06 in 2013 to $54,031.76 by 2021. This upward trajectory hints at stronger economic health and increased purchasing power, which could be appealing for real estate professionals and new residents eyeing stability in their investments. Meanwhile, state and local income taxes have also surged significantly, jumping from $4,862.53 in 2012 to $10,354.55... Read more
Average Taxable Income per Tax Return in Cherokee County, SC over the last 9 years
Over the past nine years, Cherokee County, South Carolina has seen a notable increase in average taxable income per tax return. Beginning at $38,914.06 in 2013 and rising to $54,031.76 by 2021, this upward trend suggests a growing economic robustness and potential for sustained prosperity. This matters to investors and appraisers eyeing this region for growth opportunities, insurance agents assessing risk, and new residents seeking a financially promising community. Real estate professionals may also find this data encouraging as it points to increasing purchasing power among residents.
Average State and Local Income Taxes Per Tax Return in Cherokee County, SC Over the Last 10 Years
Over the past decade, Cherokee County, South Carolina has experienced a significant increase in average state and local income taxes per tax return, rising from around $4,862.53 in 2012 to approximately $10,354.55 in 2021. Notably, there's a sharp spike starting in 2017, with a particularly dramatic jump between 2017 and 2018, from about $5,842.69 to an impressive $8,873.49. This trend suggests potential shifts in local economic conditions or tax policies that investors, real estate agents, appraisers, and insurance agents might need to consider when evaluating the area's financial landscape.
Average Total Tax Liability Per Tax Return in Cherokee County, SC Over the Last 10 Years
The trend in Cherokee County, South Carolina, shows a general increase in the average total tax liability per tax return over the past decade. Starting from $5,096.63 in 2012, there is a noticeable uptick with peaks and troughs along the way, ultimately spiking to $7,891.50 in 2021. This rise might reflect broader economic changes, shifts in income levels, or alterations in tax policies. For potential investors, real estate agents, appraisers, insurance agents, and those considering moving to or currently living in Cherokee County, understanding this trend could be crucial for financial planning, property valuations, and anticipating future tax burdens.
Cost of Living in Cherokee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,042 | $1,299 | $2,065 | $1,065 | $967 |
| 1 adult 4 children | $1,042 | $1,061 | $1,581 | $1,065 | $1,026 |
| 2 adults 3 children | $1,042 | $1,061 | $1,790 | $1,065 | $749 |
| 1 adult 3 children | $1,042 | $866 | $1,307 | $1,065 | $784 |
| 2 adults 2 children | $806 | $869 | $1,516 | $935 | $650 |
| 1 adult 2 children | $806 | $649 | $1,032 | $935 | $580 |
| 2 adults 1 child | $806 | $687 | $1,242 | $512 | $632 |
| 1 adult 1 child | $806 | $443 | $758 | $512 | $522 |
| 2 adults | $612 | $552 | $967 | $0 | $549 |
| 1 adult | $605 | $301 | $484 | $0 | $514 |
Safety trends & Data
Cherokee County, South Carolina has seen a notable decrease in property crime over the past five years. Burglary incidents dropped significantly from 75.00 cases in 2018 to 38.00 in 2022. Larceny-theft, the area's most common crime, also fell sharply from 289.00 cases in 2018 to 119.00 in 2022. While motor vehicle thefts and vandalism incidents generally trended downward, there was a slight uptick in vandalism in 2019. This information is crucial for real estate agents, investors, builders, and... Read more
Property Crime Trends in Cherokee County, SC Over the Last 5 Years
Property crime trends in Cherokee County, South Carolina over the past five years indicate a notable decrease in incidents across most categories, with burglary showing a significant decline from 75.00 cases in 2018 to 38.00 in 2022. Larceny-theft, the most common crime, also dropped considerably from 289.00 cases in 2018 to 119.00 in 2022. Motor vehicle thefts decreased moderately, and vandalism incidents saw a general downward trend, although there was a slight uptick in 2019. This data could be essential for real estate agents, investors, builders, and insurance agents assessing the area's safety improvements and evaluating risk mitigation strategies.
Demographics
Cherokee County, South Carolina displays a balanced gender distribution, with a slight majority of females over males. Education levels are varied, but it seems most residents are high school graduates, with many having some college experience or an associate's degree. The age distribution suggests a young population, yet a significant number of individuals are within the working-age bracket of 25-64 years. Racially, the county is predominantly White, followed by a substantial Black or African... Read more
Race Distribution in Cherokee County, South Carolina (2022)
Educational Attainment in Cherokee County, South Carolina (2022)
Age Distribution in Cherokee County, South Carolina
Citizen Population in Cherokee County, South Carolina (2022)
Political Trends & Data
In Cherokee County, South Carolina, the 2020 U.S. Presidential Election results suggest a significant lean towards Republican candidates, capturing around 71% of the vote. Democrats trailed with roughly 28%, and third-party candidates saw minimal support. These voting patterns possibly indicate a broader conservative inclination in the county, which could shape local policies and influence the real estate market by attracting like-minded... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cherokee County, South Carolina, the 2020 U.S. Presidential Election results likely showcased a strong preference for Republican candidates, who garnered approximately 71% of the vote. Democrats, by contrast, received roughly 28%, while third-party candidates collectively earned minimal support. This substantial lean towards the Republican party might reflect broader political trends within the county.
71.40% of voters voted for the Republican party in the 2020 Presidential Election
27.63% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% 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
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Cherokee County, South Carolina has generally seen a decrease in the student-to-teacher ratio, reaching a notable low in 2021 with twelve students per teacher before a slight increase in 2023 to thirteen. Compared to the national average of fourteen students per teacher, Cherokee County hovers more favorably, particularly in recent years. This trend might interest potential investors or families considering moving to the area, as lower ratios often suggest more... Read more
Student-to-teacher ratio in Cherokee County, South Carolina over the last 10 years
Over the last decade, Cherokee County, South Carolina has generally seen a decrease in the student-to-teacher ratio, reaching a notable low in 2021 with twelve students per teacher before a slight increase in 2023 to thirteen. Compared to the national average of fourteen students per teacher, Cherokee County hovers more favorable, particularly in recent years. This trend might interest potential investors or families considering moving to the area, as lower ratios often suggest more individualized attention in classrooms. Real estate agents, insurers, and those in property development might see this as a positive indicator of community attractiveness and sustained investment in education infrastructure.
