Dillon County Real Estate and Livability Trends
Dillon County, South Carolina showcases intriguing trends in its real estate market. From 2015 to 2022, median home values steadily rose from $63,500 to $89,500, still below state and national medians, implying promising opportunities for entry-level investments. Additionally, residential energy tax credits jumped from $425.00 in 2013 to $1,635.29 in 2021, suggesting an increasing focus on... Read more
Dillon County Market Trends
Dillon County, South Carolina has seen a steady climb in median home values from $63,500 in 2015 to $89,500 in 2022, yet remains well below state and national medians, suggesting attractive entry-level investment opportunities. The average residential energy tax credit per tax return surged from $425.00 in 2013 to $1,635.29 in 2021, hinting at a growing commitment to energy efficiency among... Read more
Median Value of Occupied Housing Units in Dillon County, South Carolina Over the Last 8 Years
Over the last eight years, Dillon County, South Carolina has experienced a steady increase in median home values, rising from $63,500 in 2015 to $89,500 in 2022. This progression, while substantial, lags behind both state and national medians. For comparison, South Carolina's median home value soared from $139,900 in 2015 to $216,200 in 2022, and the national median climbed from $125,500 to $179,400 during the same period. For potential investors and homebuyers, Dillon County may present attractive opportunities for entry-level investment due to its relatively lower home values compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Dillon County, SC Over the Last 9 Years
Over the past nine years, Dillon County, South Carolina has experienced a notable increase in the average residential energy tax credit per tax return, with values rising from $425.00 in 2013 to $1635.29 in 2021. This upward trend suggests a growing investment in residential energy efficiency, potentially reflecting heightened awareness and adoption of renewable energy solutions among residents. Real estate investors and developers could find this trend encouraging, as it may indicate an increasing homeowner willingness to enhance property values through energy-efficient upgrades. Insurance agents and appraisers may also find this information insightful for understanding the evolving landscape of property improvements in the area.
Average Real Estate Taxes Per Tax Return in Dillon County, SC Over the Last 10 Years
Over the past decade, Dillon County, South Carolina, has witnessed a notable upswing in average real estate taxes per tax return, moving from around $1,315.95 in 2012 to approximately $2,032.26 in 2021. This steady rise suggests increasing property values and potentially more robust local government services or infrastructure investments. For prospective investors, this could indicate a region poised for continued growth. Appraisers and insurance agents should anticipate higher property valuations and adjust their assessments and premiums accordingly. Real estate professionals can leverage this trend to highlight the county's investment potential, while current residents might view this tax trend as a sign of their property’s appreciating value.
Percentage of Farm Returns in Dillon County, SC Over the Last 10 Years
The percentage of farm tax returns in Dillon County, South Carolina has shown a downward trend over the past decade, dropping from around 1.55% in 2012 to approximately 1.03% in 2021. Farm tax returns indicate the proportion of tax filings originating from agricultural activities, reflecting the health of the local farming economy. This downward trend could imply either a decrease in the number of operational farms or a shift away from agriculture-based income. For investors, builders, or potential residents, this might signal changing economic dynamics in the county, potentially impacting property values, local businesses, and employment opportunities.
Number of Mortgages by Occupancy Type in Dillon County, SC Over the Last 5 Years in Dillon County
Over the past five years, Dillon County, South Carolina has seen a significant fluctuation in mortgage counts for different occupancy types, with principal residences consistently dominating the market. Notably, 2020 and 2021 showed a spike in principal residence mortgages, peaking at 965 in 2021. Investment properties and second residences, however, have remained relatively stable with modest increases. These shifts may suggest evolving buyer preferences and economic conditions, impacting investment strategies, property appraisals, and insurance premiums. Understanding these trends is crucial for potential investors, homeowners, and stakeholders to make informed decisions based on current market dynamics and occupancy demands.
Economic Outlook
Over the past nine years, Dillon County, South Carolina, has witnessed a steady rise in average taxable income per tax return, climbing from $33,875.45 in 2013 to $40,411.58 in 2021. This could hint at economic growth, possibly making the county more attractive for investors and new settlers. Notably, state and local income taxes have also risen, with a significant hike between 2019 and 2020, which can be crucial for understanding shifts in cost of living and property values. Furthermore, the... Read more
Average Taxable Income per Tax Return in Dillon County, SC over the last 9 years
Over the past nine years in Dillon County, South Carolina, the average taxable income per tax return has shown a gradual increase, rising from $33,875.45 in 2013 to $40,411.58 in 2021. This upward trend may indicate positive economic growth and suggests a potentially improving job market, making Dillon County possibly appealing for investors and those interested in relocation. Real estate professionals might note the income growth as a signal of increased purchasing power among residents, which could influence housing market dynamics.
Average State and Local Income Taxes Per Tax Return in Dillon County, SC Over the Last 10 Years
Dillon County, South Carolina has experienced a notable increase in average state and local income taxes per tax return over the past decade, jumping from approximately $4,510.71 in 2012 to around $5,544.74 in 2021. The most significant spike occurred between 2019 and 2020, with a surge from roughly $5,327.90 to $6,178.95. These trends might be critical for those looking to invest or move to the area, indicating evolving economic conditions that could influence property values and overall cost of living. Real estate agents, appraisers, and insurance agents might find these patterns particularly relevant when assessing market conditions and advising clients.
Average Total Tax Liability Per Tax Return in Dillon County, SC Over the Last 10 Years
Over the past decade, Dillon County, South Carolina, has exhibited a generally upward trend in average total tax liability per tax return, starting at around $4,235.60 in 2012 and reaching approximately $5,093.65 by 2021. This increasing tax liability could suggest rising incomes or changes in local tax policies. For potential investors and real estate agents, these numbers might indicate economic growth, making the county a potentially lucrative area. However, for residents or those planning to move in, it may be important to consider the impact of higher taxes on cost of living. Building contractors, appraisers, and insurance agents might need to adjust their valuations and projections accordingly.
Cost of Living in Dillon County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $959 | $1,259 | $1,839 | $981 | $788 |
1 adult 4 children | $959 | $1,028 | $1,407 | $981 | $833 |
2 adults 3 children | $959 | $1,028 | $1,595 | $981 | $614 |
1 adult 3 children | $959 | $839 | $1,163 | $981 | $625 |
2 adults 2 children | $780 | $842 | $1,352 | $858 | $553 |
1 adult 2 children | $780 | $629 | $919 | $858 | $484 |
2 adults 1 child | $780 | $665 | $1,108 | $461 | $555 |
1 adult 1 child | $780 | $430 | $676 | $461 | $462 |
2 adults | $614 | $534 | $865 | $0 | $511 |
1 adult | $610 | $292 | $432 | $0 | $493 |
Safety trends & Data
Dillon County, South Carolina has experienced fluctuating property crime rates over the past five years, with larceny-theft consistently being the most reported, hitting a peak of 244 cases in 2021. Burglary and vandalism have also been relatively consistent threats, and a notable spike in motor vehicle thefts was seen in 2022 with 27 cases. These trends suggest that prospective investors or residents should consider property security measures. Real estate agents and insurers in the area might... Read more
Property Crime Trends in Dillon County, SC Over the Last 5 Years
Dillon County, South Carolina has seen fluctuating trends in property crimes over the last five years. Notably, larceny-theft consistently remains the highest-reported crime, peaking at 244 cases in 2021. Burglary and vandalism also show variable but persistent figures, with a significant spike in motor vehicle theft reported in 2022 at 27 cases. For those looking to invest or move to the area, these statistics suggest caution regarding property security. Real estate agents and insurers might also need to factor these trends into their evaluations and offerings.
Demographics
Dillon County, South Carolina shows a balanced but slightly higher female population compared to males. Educational attainment leans heavily towards high school graduates, with a significant number not advancing beyond high school, which could impact local workforce qualifications. The population skews towards an older demographic, with notable numbers in the 55 to 64 age range, potentially indicating a need for healthcare and retirement services. Racially, the county is roughly split between... Read more
Race Distribution in Dillon County, South Carolina (2022)
Educational Attainment in Dillon County, South Carolina (2022)
Age Distribution in Dillon County, South Carolina
Citizen Population in Dillon County, South Carolina (2022)
Political Trends & Data
Dillon County, South Carolina, witnessed a tightly contested U.S. Presidential Election in 2020. Just over 50 percent of voters leaned Republican, edging out the Democratic candidate who garnered just under 50 percent. This narrow margin suggests a politically divided electorate, while minor parties barely figured, each capturing less than 1 percent of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Dillon County, South Carolina, saw a razor-thin margin in the 2020 U.S. Presidential Election, with Republican voters slightly outpacing Democrats. While a little over 50 percent backed the Republican candidate, the Democratic contender was close behind at just under 50 percent. Minor parties like the Libertarian and Green parties barely made a dent, each securing less than 1 percent of the votes.
50.24% of voters voted for the Republican party in the 2020 Presidential Election
49.13% of voters voted for the Democrat party in the 2020 Presidential Election
0.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% 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
In Dillon County, South Carolina, the student-to-teacher ratio has mostly been around 15 to 16 over the past decade, touching 17 in 2014 but recently dropping to about 15. This trend, closely matching the national average, might offer valuable insights for investors, homebuyers, and realtors about the quality of education and its impact on housing demand. Appraisers and insurers could find this data useful for property valuation and risk assessment. Real estate professionals might leverage this... Read more
Student-to-teacher ratio in Dillon County, South Carolina over the last 10 years
In Dillon County, South Carolina, the student-to-teacher ratio has mostly hovered around 15 to 16 over the last ten years, peaking at approximately 17 in 2014 and showing a modest decline to around 15 in recent years. While this figure is close to the national average of 14 students per teacher, these subtle shifts can significantly impact various stakeholders. For potential investors or those looking to move to the area, understanding these trends can provide insights into the quality of education and potentially the demand for housing. Appraisers and insurance agents may consider the implications of educational quality on property values and risk assessments. Real estate agents and developers might use this data to market properties to families prioritizing education. Overall, these numbers offer a snapshot into the evolving educational landscape, which could be a crucial variable for anyone with a vested interest in Dillon County.