Chester County Real Estate and Livability Trends
Chester County, South Carolina has seen average taxable incomes rise 33%, from $37,053.45 in 2013 to $49,394.65 by 2021, along with a corresponding increase in state and local income taxes. Median home values jumped from $86,700 in 2015 to $133,600 in 2022, promising investment opportunities below state and national medians. Despite property taxes doubling since 2012, rising home values and... Read more
Chester County Market Trends
Chester County, South Carolina's median home values have dramatically grown from $86,700 in 2015 to approximately $133,600 in 2022, suggesting appealing opportunities, especially given that these values remain lower than the state and national medians. Residential energy tax credits in the county saw notable fluctuations, peaking at $2,400.00 in 2018 before stabilizing near $1,570.59 in 2021,... Read more
Median Value of Occupied Housing Units in Chester County, South Carolina Over the Last 8 Years
Chester County, South Carolina's median home values have significantly grown from $86,700 in 2015 to $133,600 in 2022, showing a considerable upward trend. In comparison, the state of South Carolina saw its median home values rise from $139,900 to $216,200 over the same period, while on a national level, prices moved from $125,500 to $179,400. The rapid increase in Chester County suggests a compelling opportunity for those considering investment or relocation, especially given that the values here are still lower compared to state and national medians, possibly indicating more room for future growth.
Residential Energy Tax Credit Per Tax Return in Chester County, SC Over the Last 9 Years
Chester County, South Carolina, has seen significant fluctuation in residential energy tax credits over the last nine years. Starting at $268.00 in 2013, the average credit saw a steady rise, peaking dramatically at $2,400.00 in 2018, before stabilizing around $1,570.59 in 2021. This volatility might suggest changing investment patterns in energy-efficient home improvements, offering potential insights into homeowner priorities and market conditions for investors, real estate agents, and insurance professionals.
Average Real Estate Taxes Per Tax Return in Chester County, SC Over the Last 10 Years
Chester County, South Carolina, has experienced a notable increase in average real estate taxes per tax return over the past decade. From $1,288.84 in 2012 to $2,634.15 in 2021, property taxes have seen a consistent rise, particularly peaking in recent years. This upward trend might suggest increasing property values or fiscal adjustments within the county. For potential investors, appraisers, and real estate agents, this steady increase is essential context for evaluating long-term property value trends and potential tax liabilities in the area.
Percentage of Farm Returns in Chester County, SC Over the Last 10 Years
Chester County, South Carolina has seen some fluctuations in the percentage of farm tax returns over the past decade, generally hovering around 2.3%. The highest percentage recorded was in 2013 at approximately 2.49%, while the lowest was in 2020 at 2.07%. Farm tax returns are pivotal for investors, property developers, and residents because they can offer insight into the agricultural sector's performance and its stability within the local economy. A consistent farm return percentage might signal a steady agricultural presence, which could factor into financial decisions related to land use, property development, and long-term investments in the area.
Number of Mortgages by Occupancy Type in Chester County, SC Over the Last 5 Years in Chester County
Trends in Chester County, South Carolina, indicate a notable increase in the number of mortgages for principal residences over the last five years, peaking at 1,705 in 2021. Investment properties and second residences have shown little fluctuation, with investment properties hovering around 30-40 mortgages per year and second residences consistently low. Changes in occupancy types matter because they reflect the county's residential dynamics, impacting property values, community development, and local market conditions. For investors and real estate professionals, these trends could signal robust demand for primary homes, suggesting stable or growing local markets. Additionally, appraisors and insurance agents may adjust their risk assessments and valuations based on these patterns, while developers might find opportunities in catering to the dominant market segment.
Economic Outlook
Chester County, South Carolina has experienced a notable rise in average taxable income per tax return from $37,053.45 in 2013 to $49,394.65 by 2021, hinting at an improving economic environment and rising wages. Average state and local income taxes per return have also generally increased, moving from $4,865.53 in 2012 to $7,293.48 by 2021, with a significant uptick post-2017. The average total tax liability per return has shown a similar upward trend, growing from $5,152.60 in 2012 to... Read more
Average Taxable Income per Tax Return in Chester County, SC over the last 9 years
Chester County, South Carolina has seen a notable uptick in average taxable income per tax return over the last nine years. Starting at $37,053.45 in 2013 and climbing to $49,394.65 by 2021, the growth may hint at an improving economic environment and rising wage levels. This trend could be of interest to real estate agents and investors looking for promising markets, as increasing incomes often correlate with higher property values and investment potential. Plus, those considering moving to the area or appraising property might find the rising income levels indicative of a growing and potentially more affluent population. Insurance agents might also pay attention to these trends for assessing risk and premium calculations.
Average State and Local Income Taxes Per Tax Return in Chester County, SC Over the Last 10 Years
Chester County, South Carolina has seen fluctuating average state and local income taxes per tax return, with a general upward trend over the last decade. Tax returns averaged around $4,865.53 in 2012, gradually increasing to $7,293.48 by 2021. A notable spike occurred post-2017, with 2018 showing $6,325.00 and continuing to climb through 2021. This upward movement may reflect economic growth, increased earnings, or changes in tax policies, signaling potential financial adjustments for investors, residents, and real estate professionals.
Average Total Tax Liability Per Tax Return in Chester County, SC Over the Last 10 Years
Chester County, South Carolina has seen a variable yet generally upward trend in the average total tax liability per return over the last decade. From $5,152.60 in 2012, the liability has fluctuated but increased to $6,388.94 by 2021, indicating possible shifts in income levels or tax policies affecting residents. This trend is particularly relevant to those eyeing long-term investments and property development in the area, as it may suggest gradual economic growth. Those in real estate, insurance, and appraisal services should recognize this evolving financial landscape for informed decision-making and strategic planning.
Cost of Living in Chester County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,124 | $1,239 | $1,945 | $1,101 | $967 |
| 1 adult 4 children | $1,124 | $1,012 | $1,488 | $1,101 | $1,043 |
| 2 adults 3 children | $1,124 | $1,012 | $1,688 | $1,101 | $756 |
| 1 adult 3 children | $1,124 | $826 | $1,230 | $1,101 | $814 |
| 2 adults 2 children | $791 | $828 | $1,430 | $967 | $625 |
| 1 adult 2 children | $791 | $619 | $973 | $967 | $563 |
| 2 adults 1 child | $791 | $655 | $1,173 | $532 | $611 |
| 1 adult 1 child | $791 | $423 | $715 | $532 | $511 |
| 2 adults | $649 | $526 | $915 | $0 | $548 |
| 1 adult | $645 | $287 | $458 | $0 | $523 |
Safety trends & Data
Chester County, South Carolina, is experiencing fluctuating trends in property crimes, with larceny-theft consistently dominating the crime statistics. Burglaries and motor vehicle thefts show varying patterns, while arson cases have slightly increased. Significant numbers in vandalism and stolen property offenses suggest a growing need for safety and property protection measures, making it crucial for real estate agents and insurance providers to offer robust coverage and security... Read more
Property Crime Trends in Chester County, SC Over the Last 5 Years
Chester County, South Carolina, has seen a fluctuating trend in property crimes over the last five years, with larceny-theft consistently dominating the crime statistics. While burglaries and motor vehicle thefts show some variance, arson cases remain minimal but have slightly increased. Vandalism and stolen property offenses also present significant numbers, suggesting a need for potential investors and new residents to consider safety and property protection measures. The data highlights key areas for real estate agents and insurance agents to focus on, especially in terms of providing adequate coverage and security advice.
Demographics
Chester County, South Carolina shows a predominant adult population with slightly more females than males. Educational attainment is skewed towards high school graduates and those with some college but no degree. The age distribution reflects a balanced spread across various age brackets with a slight concentration in the 55 to 64 years category. Racially, the county is largely White and Black or African American, with minimal representation from other racial groups. These trends suggest a... Read more
Race Distribution in Chester County, South Carolina (2022)
Educational Attainment in Chester County, South Carolina (2022)
Age Distribution in Chester County, South Carolina
Citizen Population in Chester County, South Carolina (2022)
Political Trends & Data
In Chester County, South Carolina, the real estate market may be influenced by its political landscape, with a slight Republican majority from the 2020 Presidential Election, where Republicans secured roughly 55%, and Democrats about 44%. This bipartite dynamic, with third parties having minimal sway, could impact local policy decisions and, in turn, make the area appealing or less attractive to potential buyers based on their political inclinations. Understanding these nuances might help... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Chester County, South Carolina, a slight majority of the electorate leaned Republican in the 2020 Presidential Election, securing approximately 55% of the votes. The Democrats followed, capturing around 44% of the vote share. Third parties like the Libertarian and Green parties notably attracted minimal support, combined accounting for less than 1%. This distribution suggests a predominantly two-party dynamic in the county, with minor influence from alternative political factions.
54.96% of voters voted for the Republican party in the 2020 Presidential Election
44.05% of voters voted for the Democrat party in the 2020 Presidential Election
0.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% 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
The student-to-teacher ratio in Chester County, South Carolina has been trending downward over the past decade, from 14 students per teacher in 2015 to just over 12 recently. This lower ratio, below the national average, suggests more personalized attention in classrooms, which could enhance educational outcomes. This trend might appeal to investors, potential residents, and real estate agents as a marker of a committed educational environment, potentially boosting the area's attractiveness and... Read more
Student-to-teacher ratio in Chester County, South Carolina over the last 10 years
The student-to-teacher ratio in Chester County, South Carolina has generally trended downward over the last decade, dropping from around 14 students per teacher in 2015 to just over 12 in recent years. Despite small fluctuations, current ratios in Chester County are below the national average of 14 students per teacher. Lower student-to-teacher ratios might indicate more personalized attention in classrooms, which could be beneficial for educational outcomes. Investors, potential residents, and real estate agents may view this as a sign of a committed educational environment, potentially increasing the attractiveness of the area. Conversely, appraisers and insurance agents might consider these trends when evaluating property values and risk assessments.
