Chesterfield County Real Estate and Livability Trends
Chesterfield County, South Carolina, has seen its median home value rise from $77,600 in 2015 to $91,400 in 2022, suggesting affordable housing options compared to broader trends. At the same time, an increase in state and local income taxes and real estate taxes indicates a growing tax burden, potentially affecting financial planning and investment appeal. Meanwhile, fluctuations in residential... Read more
Chesterfield County Market Trends
The median home value in Chesterfield County, South Carolina, has gradually risen from $77,600 in 2015 to $91,400 in 2022, offering potentially more affordable housing options compared to statewide and national trends. Significant fluctuations in residential energy tax credits suggest an opportune time for energy-efficient home improvements, influencing market dynamics. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Chesterfield County, South Carolina Over the Last 8 Years
The median home value in Chesterfield County, South Carolina has seen a gradual rise over the last eight years, from $77,600 in 2015 to $91,400 in 2022. Compared to the state's median value, which increased from $139,900 to $216,200 in the same period, Chesterfield County's growth seems more moderate. Nationally, median home values surged from $125,500 to $179,400. This could suggest that Chesterfield County may still offer more affordable housing options relative to broader trends, potentially making it an attractive location for both local and out-of-state investors seeking lower entry costs in a rising market.
Residential Energy Tax Credit Per Tax Return in Chesterfield County, SC Over the Last 9 Years
Over the last nine years, Chesterfield County, South Carolina has seen varying trends in residential energy tax credits per tax return, peaking at $1,877.78 in 2018. The significant increase from $688.57 in 2016 to $1,337.50 in 2017 likely indicates a growing investment in energy-efficient home improvements. The fluctuations suggest that incentives may be influencing homeowner decisions, making this period an opportune window for energy-conscious investments. For real estate agents, appraisers, and insurers, monitoring these credits could provide insights into market dynamics and homeowner priorities in Chesterfield County.
Average Real Estate Taxes Per Tax Return in Chesterfield County, SC Over the Last 10 Years
In Chesterfield County, South Carolina, average real estate taxes per tax return have nearly doubled over the last decade, increasing from approximately $1,092.77 in 2012 to around $1,976.19 in 2021. Notably, there was a significant spike between 2016 and 2019, jumping from $1,277.33 to $2,085.19. This rising trend might prompt potential investors and property developers to consider the steadily increasing tax burden. For appraisers and insurance agents, understanding this trajectory could inform more accurate property valuations and risk assessments.
Percentage of Farm Returns in Chesterfield County, SC Over the Last 10 Years
The percentage of farm tax returns in Chesterfield County, South Carolina, has shown a slight but steady decline over the past decade, dropping from approximately 2.63% in 2012 to around 2.06% in 2021. Farm tax returns represent the portion of income tax filings that report farm income, which can be an indicator of the agricultural activity and viability in the area. For potential investors or those considering relocation, this downward trend might suggest shifts away from traditional farming, possibly paving the way for other types of land uses or economic activities, impacting property values and investment prospects.
Number of Mortgages by Occupancy Type in Chesterfield County, SC Over the Last 5 Years in Chesterfield County
The data for Chesterfield County, South Carolina shows notable trends over the past five years, especially in the number of mortgages for principal residences. The count fluctuates, peaking in 2021 with 1,842 mortgages, likely influenced by a pandemic-driven real estate surge. Investment property mortgages showed modest growth, while second residence mortgages remained relatively flat. These changes in occupancy type can signal shifts in market dynamics; for investors, it hints at emerging opportunities, while for potential residents and builders, it reflects housing demand trends. Appraisers and insurance agents might find this data critical for assessing property and risk, given fluctuations in occupancy preferences.
Economic Outlook
Chesterfield County, South Carolina has seen a consistent rise in the average taxable income per tax return, climbing from $37,429.47 in 2013 to $46,196.31 in 2021. This upward trend may signal economic growth and potentially higher property valuations. Meanwhile, state and local income taxes per tax return have also surged, from $4865.40 in 2012 to $7432.69 by 2021, indicating a rising tax burden that could influence financial planning and the region’s appeal to investors. Additionally, the... Read more
Average Taxable Income per Tax Return in Chesterfield County, SC over the last 9 years
Over the past nine years, Chesterfield County, South Carolina has seen a steady increase in the average taxable income per tax return, going from approximately $37,429.47 in 2013 to around $46,196.31 in 2021. This upward trajectory may suggest economic growth or increasing wages in the area, which could be a positive indicator for potential investors and those interested in property development. Higher income levels can also influence property valuations, making this trend particularly relevant for appraisers and real estate agents. Additionally, insurance agents may need to consider these changes when evaluating policyholder risks and coverage needs.
Average State and Local Income Taxes Per Tax Return in Chesterfield County, SC Over the Last 10 Years
Chesterfield County, South Carolina has experienced a consistent increase in average state and local income taxes per tax return over the past decade. Starting at $4865.40 in 2012, the figure rose steadily each year, reaching $7432.69 by 2021. This nearly 53% increase suggests a rising tax burden which could impact the financial planning of residents and the attractiveness of the county for potential investors. This trend is essential to consider for those involved in real estate, appraisals, and other financial services, as it may influence property values and living costs.
Average Total Tax Liability Per Tax Return in Chesterfield County, SC Over the Last 10 Years
Over the past decade, Chesterfield County, South Carolina has seen a steady increase in the average total tax liability per tax return, climbing from approximately $4,770.74 in 2012 to around $5,670.59 by 2021. While there were slight dips observed in 2015 and 2019, the general upward trend is notable for those interested in the economic health and fiscal policy of the county. This data is particularly relevant for investors and real estate agents, as it can provide insight into the region's financial stability and potential growth in property values.
Cost of Living in Chesterfield County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,012 | $1,287 | $1,839 | $981 | $853 |
| 1 adult 4 children | $1,012 | $1,051 | $1,407 | $981 | $912 |
| 2 adults 3 children | $1,012 | $1,051 | $1,595 | $981 | $665 |
| 1 adult 3 children | $1,012 | $858 | $1,163 | $981 | $690 |
| 2 adults 2 children | $780 | $861 | $1,352 | $858 | $580 |
| 1 adult 2 children | $780 | $643 | $919 | $858 | $514 |
| 2 adults 1 child | $780 | $680 | $1,108 | $461 | $579 |
| 1 adult 1 child | $780 | $439 | $676 | $461 | $485 |
| 2 adults | $642 | $546 | $865 | $0 | $542 |
| 1 adult | $639 | $298 | $432 | $0 | $522 |
Safety trends & Data
Chesterfield County, South Carolina has experienced varied property crime trends over the past five years, with significant fluctuations in burglary, larceny-theft, vandalism, and motor vehicle theft. Burglary arrests spiked in 2021 with 73 incidents but saw a decrease to 31 in 2022. Larceny-theft, while consistently high, dipped notably in 2021, whereas vandalism saw its peak in 2019 at 53 cases. Motor vehicle thefts rose from 9 in 2018 to 31 in 2021 before declining to 15 in 2022. These... Read more
Property Crime Trends in Chesterfield County, SC Over the Last 5 Years
Chesterfield County, South Carolina has seen fluctuating trends in property crimes over the past five years. Notably, burglary arrests peaked in 2021 with 73 incidents but significantly dropped to 31 in 2022. Larceny-theft remained relatively high throughout the period, fluctuating between 98 and 141 incidents, and showing a noticeable dip in 2021. Vandalism incidents were fairly unpredictable but hit a high in 2019 with 53 cases before settling at 48 in 2022. Motor vehicle thefts increased from 9 in 2018 to 31 in 2021, before slightly declining to 15 in 2022. Embezzlement cases were minimal but notable fraud and forgery incidences, which feed into potential risks for investors and insurance agents. These patterns could be insightful for real estate projects and valuations, giving a sense of the security dynamics in the area.
Demographics
Chesterfield County, South Carolina, reveals a fairly balanced gender distribution with a slight female majority. Education-wise, a significant portion of adults has completed high school, though there is a notable drop-off at higher education levels. Age data shows a higher concentration in particular ranges, particularly those between 55 to 64 years. Racial demographics highlight a predominantly White population with a substantial Black or African American community. This diverse makeup... Read more
Race Distribution in Chesterfield County, South Carolina (2022)
Educational Attainment in Chesterfield County, South Carolina (2022)
Age Distribution in Chesterfield County, South Carolina
Citizen Population in Chesterfield County, South Carolina (2022)
Political Trends & Data
Chesterfield County, South Carolina's real estate landscape is likely influenced by its political leanings, with about 60% favoring the Republican party in the last presidential election. This could shape local policies around property taxes, development projects, and homebuyer incentives, reflecting conservative priorities. Smaller parties including the Libertarian and Green hardly impacted the voting outcomes, indicating a strong two-party system which might translate to stable but... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Chesterfield County in South Carolina saw a strong lean towards the Republican party, securing roughly 60% of the vote, while the Democratic party managed almost 40%. Smaller parties, including the Libertarian and Green, barely made a mark, collectively earning just over 0.5% of the total votes. This suggests a dominant two-party dynamic with a significant Republican preference among voters.
59.85% of voters voted for the Republican party in the 2020 Presidential Election
39.37% of voters voted for the Democrat party in the 2020 Presidential Election
0.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Chesterfield County, South Carolina has seen a decline in its student-to-teacher ratio over the last decade, moving from 15 in 2014 to about 14 in 2023, still slightly above the national average of 14. This consistent decrease suggests a trend toward more personalized education, which might attract families considering relocation and offer real estate agents a selling point. Appraisers and insurance agents could see this as a sign of stability and long-term investment potential, possibly... Read more
Student-to-teacher ratio in Chesterfield County, South Carolina over the last 10 years
Chesterfield County, South Carolina has seen a noteworthy decline in its student-to-teacher ratio over the last decade, moving from 15 in 2014 to approximately 14 in 2023. While this is still slightly above the national average of 14 students per teacher, the consistent decrease suggests a positive trend toward more personalized education. This downward trend could be appealing for families considering relocation to the area and for real estate agents highlighting the county's commitment to improving educational environments. Appraisers and insurance agents might also view this as a sign of a more stable and attractive community for long-term investment, potentially raising property values.
