Colleton County Real Estate and Livability Trends
Colleton County, South Carolina, has seen a marked increase in median home values, from $86,000 in 2015 to $127,200 in 2022, indicating a strong real estate demand and investment potential. Taxable income and tax liabilities have also risen significantly, hinting at economic growth that could attract investors and real estate professionals. Average real estate taxes per tax return nearly doubled... Read more
Colleton County Market Trends
Colleton County's housing market has seen a significant boost in median home values, increasing from $86,000 in 2015 to $127,200 in 2022, which outpaces the state and national averages. This jump points to rising demand and investment potential. Average residential energy tax credits per tax return spiked in 2018 to $2,942.86, suggesting a surge in energy-efficient home improvements. Over the... Read more
Median Value of Occupied Housing Units in Colleton County, South Carolina Over the Last 8 Years
Colleton County's housing market has experienced a significant boost in median home values over the past eight years, moving from $86,000 in 2015 to $127,200 in 2022. This represents a faster growth rate compared to both South Carolina and national averages, where median values have reached $216,200 and $179,400 respectively. This rapid increase may suggest rising demand and investment potential in Colleton County, making it an interesting location for potential homeowners and investors.
Residential Energy Tax Credit Per Tax Return in Colleton County, SC Over the Last 9 Years
In Colleton County, South Carolina, average residential energy tax credits per tax return have seen significant fluctuations over the past nine years, with a notable peak of $2,942.86 in 2018. This suggests a substantial increase in energy-efficient home improvements or installations during that period. For those looking to invest or move into the area, this trend indicates a growing interest in energy-efficient housing, which could imply better long-term savings on energy costs. Appraisers and real estate agents might see this as a value-add in property considerations, while insurance agents could potentially adjust coverage options to accommodate these energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Colleton County, SC Over the Last 10 Years
Over the past decade, Colleton County, South Carolina has seen a noticeable increase in average real estate taxes per tax return, which may suggest a trend of rising property valuations and possibly increased local governmental expenses. Starting at around $2,153.17 in 2012, the average gradually rose until a significant jump to $3,792.77 occurred in 2018. By 2021, the average had climbed to about $3,996.55. Such a steady rise in real estate taxes can impact prospective property investors, insurance agents, and residents by potentially indicating higher carrying costs for properties in the area. This trend could be particularly critical for those looking to invest or move, as it might reflect both increased property values and higher tax obligations.
Percentage of Farm Returns in Colleton County, SC Over the Last 10 Years
The percentage of farm returns in Colleton County, South Carolina has hovered around 2.3% to 2.7% over the past decade. There was a slight increase from 2.34% in 2015 to 2.72% in 2016, but it has largely remained stable with marginal fluctuations each year. Farm tax returns, which essentially report income from farming operations for tax purposes, can serve as an economic indicator for agricultural activity and rural investment potential. Investors, developers, and prospective residents focusing on agribusiness or rural properties might be interested in these trends as they suggest a relatively consistent agricultural presence in the region.
Number of Mortgages by Occupancy Type in Colleton County, SC Over the Last 5 Years in Colleton County
Over the past five years, Colleton County, South Carolina has seen fluctuating mortgage numbers across different occupancy types. Principal residences have consistently dominated the market, peaking in 2021 with 2,028 mortgages but dropping to 1,682 in 2022. Investment properties and second residences have shown more modest numbers, with notable stability in investment property mortgages around the 90-109 range annually, except for a slight dip in 2019. These shifts suggest a potentially cooling housing market for primary homes but a resilient interest in investment properties. Investors, appraisers, and insurance agents might find these trends indicative of market stability in non-primary property sectors, while real estate agents and builders could adjust strategies accordingly to navigate changing demands.
Economic Outlook
Colleton County, South Carolina has shown a steady increase in average taxable income per tax return, rising from $36,711.36 in 2013 to $50,156.86 by 2021. This upward trend could signal economic growth and higher earning potential, attracting investors and real estate professionals. Additionally, the average state and local income taxes per tax return have surged, particularly after 2017, reaching $10,228.57 in 2021, possibly due to economic expansion or tax policy adjustments. The average tax... Read more
Average Taxable Income per Tax Return in Colleton County, SC over the last 9 years
Colleton County, South Carolina has seen a notable upward trend in average taxable income per tax return over the past nine years. Beginning at $36,711.36 in 2013, the average income steadily increased, reaching $50,156.86 by 2021. This gradual climb suggests potential economic growth and increased earning potential in the county, which could be interesting for investors, future homeowners, and real estate professionals contemplating opportunities in the area. Conversely, such financial growth might also influence property values and development costs, making it a point of consideration for appraisers and insurance agents aiming to understand the economic landscape.
Average State and Local Income Taxes Per Tax Return in Colleton County, SC Over the Last 10 Years
Over the past decade, Colleton County, South Carolina has seen a notable increase in average state and local income taxes per tax return. Starting from $4,844.40 in 2012, the taxes rose modestly until 2016, but post-2017, there was a sharp surge, peaking at $10,228.57 in 2021. Such a trend may indicate economic growth, changing income brackets, or adjustments in tax policies. For investors and real estate agents, this escalating tax trend might reflect a strong, possibly expanding local economy. Appraisers and insurance agents might see this data as an indicator of the rising value of properties and the increased need for comprehensive coverage. Understanding these shifts is essential for anyone looking to move to, build, or do business in Colleton County.
Average Total Tax Liability Per Tax Return in Colleton County, SC Over the Last 10 Years
Colleton County, South Carolina has seen a general upward trend in the average tax liability per tax return over the past decade, starting at around $5,292.70 in 2012 and increasing to approximately $7,288.68 by 2021. Notable peaks occurred in 2016 and 2019, potentially indicating economic fluctuations or policy changes impacting taxpayers. This trend could be significant for investors and real estate agents looking to understand the financial landscape and for individuals considering moving to or investing in the area. Appraisors and insurance agents might find this data indicative of rising property values and economic growth in the county.
Cost of Living in Colleton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $957 | $1,323 | $1,835 | $981 | $834 |
| 1 adult 4 children | $957 | $1,080 | $1,403 | $981 | $886 |
| 2 adults 3 children | $957 | $1,081 | $1,592 | $981 | $647 |
| 1 adult 3 children | $957 | $882 | $1,160 | $981 | $667 |
| 2 adults 2 children | $785 | $885 | $1,349 | $858 | $586 |
| 1 adult 2 children | $785 | $661 | $917 | $858 | $521 |
| 2 adults 1 child | $785 | $699 | $1,106 | $461 | $585 |
| 1 adult 1 child | $785 | $452 | $674 | $461 | $490 |
| 2 adults | $695 | $562 | $863 | $0 | $565 |
| 1 adult | $648 | $306 | $431 | $0 | $531 |
Safety trends & Data
Colleton County, South Carolina, has seen variable property crime trends over the past five years, with burglary incidents nearly doubling to 41 cases in 2020 before dropping to 29 in 2022. Larceny-theft peaked at 133 incidents in 2022 and motor vehicle thefts saw notable increases in 2021 and 2022. Vandalism incidents have also risen, reaching 27 cases in 2022. This shifting crime landscape may be relevant for potential investors, appraisers, real estate agents, and residents when assessing... Read more
Property Crime Trends in Colleton County, SC Over the Last 5 Years
Colleton County, South Carolina, has experienced fluctuating property crime trends over the past five years. Notably, burglary incidents saw a significant spike in 2020 with 41 reported cases, nearly doubling from previous years, before decreasing to 29 cases by 2022. Larceny-theft has remained consistently high, peaking at 133 reported incidents in 2022. Motor vehicle thefts similarly increased, particularly in 2021 and 2022 with 20 and 11 incidents, respectively. Vandalism incidents have shown a steady increase, peaking at 27 in 2022. These trends suggest a volatile property crime landscape which potential investors, appraisers, real estate agents, and residents should consider when evaluating the area.
Demographics
Colleton County, South Carolina shows a slightly higher female adult population, which could have implications for local education and healthcare services. The educational attainment is weighted towards high school graduates, while those with a bachelor's degree or higher comprise a smaller portion, perhaps suggesting areas for workforce development. Age distribution indicates a moderately aging population, as those over 55 years exceed younger age groups. Racially, the majority is White... Read more
Race Distribution in Colleton County, South Carolina (2022)
Educational Attainment in Colleton County, South Carolina (2022)
Age Distribution in Colleton County, South Carolina
Citizen Population in Colleton County, South Carolina (2022)
Political Trends & Data
Colleton County, South Carolina, leans Republican based on the 2020 U.S. Presidential election data, with Democrats holding a significant share. Minor parties like Libertarian and Green have limited but existing voter support. This distribution might signal broader state-level trends and potentially affects both local and regional real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Colleton County, South Carolina, leans Republican based on the 2020 U.S. Presidential election data. While Democrats hold a significant share, the Republican margin suggests a conservative tilt. Minor parties such as Libertarian and Green hold a minimal presence, pointing to limited but existing ideological diversity in voter preferences. This distribution could indicate broader state-level trends worth not overlooking.
54.14% of voters voted for the Republican party in the 2020 Presidential Election
44.61% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% 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
Colleton County, South Carolina's student-to-teacher ratio has hovered close to the national average of 14, peaking at 14 students per teacher in 2023. With most years showing slightly better ratios, prospective residents might see this as a sign of favorable educational conditions. This trend could be particularly relevant for parents, real estate agents, and those assessing property values, as it may influence community... Read more
Student-to-teacher ratio in Colleton County, South Carolina over the last 10 years
Colleton County, South Carolina has seen its student-to-teacher ratio fluctuate rather close to the national average of 14 students per teacher over the past decade. Values peaked at 14 students per teacher in 2023, suggesting potential recent increases in classroom sizes or changes in staffing levels. Most years, the ratio remained slightly below the national average, highlighting relatively favorable conditions for individualized student attention when compared nationally. This stable yet slightly rising trend could matter to parents considering relocation, real estate agents pitching the area's educational environment, and appraisers and insurance agents assessing property values and community desirability.
