Clarendon County Real Estate and Livability Trends
Clarendon County, South Carolina has seen consistent growth in average taxable income from $35,458.81 in 2013 to $48,367.92 by 2021, hinting at economic vitality. Housing values have also appreciated, with median home values rising from $88,500 in 2015 to $134,000 in 2022, though they still trail state and national levels. A noteworthy drop in the student-to-teacher ratio to 12:1 in 2022 could... Read more
Clarendon County Market Trends
In Clarendon County, South Carolina, median home values have risen from $88,500 in 2015 to $134,000 by 2022, though still lagging behind state and national averages. Residential energy tax credits per tax return have also surged, suggesting growing investments in energy-efficient home improvements. Real estate taxes peaked at $2,966.67 in 2020 before a slight dip in 2021, pointing to possible... Read more
Median Value of Occupied Housing Units in Clarendon County, South Carolina Over the Last 8 Years
Median home values in Clarendon County, South Carolina have seen an appreciable climb over the last 8 years, starting from $88,500 in 2015 and reaching $134,000 by 2022. This trend, while significant for Clarendon County, still demonstrates a lower median home value when compared to both South Carolina's state average, which rose from $139,900 in 2015 to $216,200 in 2022, and the national average, which increased from $125,500 to $179,400 in the same period. Investors and those looking to move to this region might find Clarendon County an attractive option given its rising property values while still being more affordable than broader state and national figures.
Residential Energy Tax Credit Per Tax Return in Clarendon County, SC Over the Last 9 Years
Clarendon County, South Carolina has seen a significant uptick in residential energy tax credits per tax return over the past nine years, with amounts rising from approximately $604.88 in 2013 to around $1,722.22 in 2021. This increasing trend may suggest a growing investment in energy-efficient home improvements, potentially enhancing property values and reducing living costs, critical considerations for investors, homebuyers, and real estate agents in the area. Higher tax credit values could also indicate robust county or state incentive programs that might benefit those looking to build or renovate properties with energy-saving measures.
Average Real Estate Taxes Per Tax Return in Clarendon County, SC Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Clarendon County, South Carolina have generally trended upwards, peaking at $2,966.67 in 2020 before slightly decreasing to $2,697.83 in 2021. This notable rise suggests a potential increase in property values or revaluation processes impacting tax calculations. For investors, appraisers, or insurance agents, understanding these trends is crucial for accurate financial planning and risk assessment. Real estate agents and potential homebuyers should consider these tax escalations when evaluating long-term ownership costs.
Percentage of Farm Returns in Clarendon County, SC Over the Last 10 Years
Over the past 10 years, Clarendon County, South Carolina has seen a somewhat fluctuating but overall declining trend in the percentage of farm tax returns, dropping from roughly 2.48% in 2012 to approximately 2.12% by 2021. Farm tax returns are essentially tax filings that identify income generated from farming activities. This trend could be an indicator of changing economic dynamics in agriculture within the county, potentially influenced by factors like shifting market demand, land use changes, or even broader economic conditions. For investors or those contemplating development, this could hint at evolving land usage priorities or varying agricultural profitability in the region.
Number of Mortgages by Occupancy Type in Clarendon County, SC Over the Last 5 Years in Clarendon County
In Clarendon County, South Carolina, the number of mortgages for principal residences has generally been on the rise over the past five years, peaking in 2021 with 1,469 mortgages. Investment properties and second residences, however, have shown relatively stable but much lower mortgage counts. This trend might reflect increased demand for primary homes, suggesting a growing local population which can be an indicator of economic development. For investors and real estate agents, this could signal a robust market for family housing, although the stable demand for investment and second homes can also present niche opportunities. Don't overlook the subtle shifts in occupancy type, as they can hint at changing community needs and affect property appraisals, insurance rates, and future development plans.
Economic Outlook
Clarendon County, South Carolina has experienced consistent increases in average taxable income, rising from $35,458.81 in 2013 to $48,367.92 by 2021, signaling robust economic growth that might attract investors and real estate professionals. Concurrently, average state and local income taxes per return surged from $4,330.74 in 2012 to a peak of $7,773.47 in 2020, with a slight dip to $7,006.38 in 2021, potentially pointing to economic improvements or tax policy adjustments. The average total... Read more
Average Taxable Income per Tax Return in Clarendon County, SC over the last 9 years
Clarendon County, South Carolina has seen a generally upward trend in average taxable income per tax return over the past nine years, with notable increases each year. Starting at approximately $35,458.81 in 2013, it gradually rose to about $42,267.40 by 2020, displaying a significant increase in residents' income levels. By 2021, the average taxable income spiked to approximately $48,367.92, further indicating a robust growth that may interest investors, property developers, and real estate professionals looking at potential market opportunities in Clarendon County.
Average State and Local Income Taxes Per Tax Return in Clarendon County, SC Over the Last 10 Years
Over the last decade, Clarendon County in South Carolina has seen a significant upward trend in average state and local income taxes per tax return, starting from about $4,330.74 in 2012 and peaking at roughly $7,773.47 in 2020 before slightly decreasing to $7,006.38 in 2021. This steady increase, particularly the sharp rise post-2017, could suggest economic growth or adjusted tax policies that potential investors, property developers, and insurance agents might consider when evaluating the financial climate of the area. For real estate agents and those contemplating a move, understanding these tax trends is crucial for forecasting living costs and potential return on investment.
Average Total Tax Liability Per Tax Return in Clarendon County, SC Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Clarendon County, South Carolina has exhibited a gradual increase. Starting at around $4,641.22 in 2012, it saw notable jumps, particularly in 2014 ($5,435.78) and 2021 ($6,739.47). This upward trend could indicate rising incomes or changes in tax structures, which may be important for those considering investments or real estate developments in the area. For appraisers and insurance agents, understanding these shifts can help in evaluating property values and risk assessments more accurately.
Cost of Living in Clarendon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $975 | $1,227 | $1,876 | $1,101 | $863 |
| 1 adult 4 children | $975 | $1,002 | $1,434 | $1,101 | $926 |
| 2 adults 3 children | $975 | $1,002 | $1,628 | $1,101 | $675 |
| 1 adult 3 children | $975 | $818 | $1,186 | $1,101 | $704 |
| 2 adults 2 children | $796 | $820 | $1,380 | $967 | $608 |
| 1 adult 2 children | $796 | $613 | $938 | $967 | $549 |
| 2 adults 1 child | $796 | $648 | $1,132 | $532 | $597 |
| 1 adult 1 child | $796 | $419 | $690 | $532 | $501 |
| 2 adults | $605 | $521 | $884 | $0 | $518 |
| 1 adult | $601 | $284 | $442 | $0 | $496 |
Safety trends & Data
Clarendon County, South Carolina has seen significant fluctuations in property crime rates over the past five years. Notably, larceny-theft peaked at 165.0 in 2019 but dropped to 77.0 by 2022, while burglary incidents fell from 40.0 in both 2018 and 2019 to just 8.0 in 2022. Fraud incidents also showed variability with a spike at 40.0 in 2021, decreasing to 15.0 the following year. These trends might suggest improved property security efforts or broader societal shifts impacting crime rates,... Read more
Property Crime Trends in Clarendon County, SC Over the Last 5 Years
Clarendon County, South Carolina has experienced some fluctuation in property crimes over the last five years. Larceny-theft has consistently had the highest incidence rates, peaking at 165.0 in 2019 but seeing a notable decline to 77.0 by 2022. Burglary incidents saw a significant reduction from 40.0 in both 2018 and 2019 to just 8.0 in 2022. Fraud incidents also displayed variability, with a spike in 2021 at 40.0 and then a decrease to 15.0 in 2022. For potential investors and residents, these trends could indicate a general improvement in property security efforts or reflect broader societal changes impacting crime rates.
Demographics
Clarendon County, South Carolina shows an almost even split between male and female adults, potentially influencing gender parity initiatives. Educational attainment reveals a significant portion of the population achieving at most a high school diploma, which might impact local workforce development programs. The age distribution notably leans towards older demographics, suggesting a potential focus on healthcare and senior services. Racially, the county is predominantly White and African... Read more
Race Distribution in Clarendon County, South Carolina (2022)
Educational Attainment in Clarendon County, South Carolina (2022)
Age Distribution in Clarendon County, South Carolina
Citizen Population in Clarendon County, South Carolina (2022)
Political Trends & Data
Clarendon County, South Carolina's tight margin in the 2020 U.S. Presidential Election shows a close competition between Republicans and Democrats, with Republicans slightly ahead. Minimal impact from Libertarian and Green parties, which combined secured barely over half a percent of the vote, hints at a predominantly bipartisan political environment. This competitive political landscape could influence local policies and community development directions in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Clarendon County, South Carolina, voting data for the 2020 U.S. Presidential Election suggests a closely contested race between Republicans and Democrats, with the Republican candidate slightly ahead. Libertarian and Green parties seem to have minimal influence, collectively garnering just over half a percent of the vote. This tight margin between the two major parties could indicate a competitive political landscape in the county moving forward.
49.97% of voters voted for the Republican party in the 2020 Presidential Election
49.30% of voters voted for the Democrat party in the 2020 Presidential Election
0.40% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.08% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Clarendon County, South Carolina, has seen fluctuations in its student-to-teacher ratio, peaking between 2016 and 2017 at over 20 students per teacher—well above the current national average of 14. More recently, the ratio has improved to around 12 students per teacher in 2022. This trend might be significant for real estate investors who consider educational quality; lower ratios can enhance property values by suggesting better individual attention for students.... Read more
Student-to-teacher ratio in Clarendon County, South Carolina over the last 10 years
Over the past decade, the student-to-teacher ratio in Clarendon County, South Carolina, has shown notable fluctuations. Ratios peaked between 2016 and 2017, reaching over 20 students per teacher, significantly above the current national average of 14. However, in more recent years, the ratio has decreased, with the 2022 ratio at about 12 students per teacher, showing a promising improvement. These changes might impact a variety of stakeholders such as real estate investors who consider educational quality as a key factor; lower ratios often suggest better individual attention for students, which can raise property values. Families and those moving to the county may also view lower ratios favorably, aligning with the broader national trend of striving for smaller class sizes.
