Fairfield County Real Estate and Livability Trends
Fairfield County, South Carolina's average taxable income per tax return has generally trended upwards from $40,410.67 in 2013 to $52,540.28 in 2021, hinting at growing economic stability that could be appealing for real estate investors. Concurrently, the county's state and local income taxes per return have risen significantly, from $4,856.19 in 2012 to $9,366.67 in 2021, suggesting potential... Read more
Fairfield County Market Trends
Fairfield County, South Carolina has experienced a rise in median home values from $97,700 in 2015 to $123,200 in 2022, offering a potentially more affordable entry point for new buyers compared to broader trends. The average residential energy tax credit per tax return peaked at $1,559.09 in 2018, reflecting growing investments in energy efficiency, which could appeal particularly to... Read more
Median Value of Occupied Housing Units in Fairfield County, South Carolina Over the Last 8 Years
Fairfield County, South Carolina, has seen its median home values increase from $97,700 in 2015 to $123,200 in 2022, which may indicate a more affordable entry point for new buyers compared to state and national trends. South Carolina's median home value rose from $139,900 to $216,200 over the same period, while the national average went from $125,500 to $179,400. This differential might attract investors or homeowners looking for lower initial costs with potential growth.
Residential Energy Tax Credit Per Tax Return in Fairfield County, SC Over the Last 9 Years
Fairfield County, South Carolina has seen a notable increase in the average residential energy tax credit per tax return over the last nine years, peaking at $1,559.09 in 2018 before settling at $1,102.13 in 2021. These fluctuations suggest a growing investment in energy efficiency, likely motivated by rising energy costs and environmental concerns. For real estate professionals, this trend could indicate a market leaning towards energy-efficient homes, which might appeal to eco-conscious buyers and investors. Appraisers and insurance agents may find the increasing tax credits indicative of upgrades in home value and risk profile. People considering a move can expect a community that's progressively embracing sustainable practices, potentially leading to long-term savings.
Average Real Estate Taxes Per Tax Return in Fairfield County, SC Over the Last 10 Years
Real estate taxes per tax return in Fairfield County, South Carolina have generally climbed over the past decade, moving from $1,826.00 in 2012 to a peak of $3,131.25 in 2020. The significant jumps in 2018 ($2,484.91) and 2019 ($3,038.46) might hint at increasing property values or local fiscal changes. The slight drop in 2021 to $2,670.73 could suggest some stabilization or tax policy shifts. For anyone eyeing investment opportunities, moving, or working in property-related fields in Fairfield County, these trends may be indicative of a maturing real estate market with potentially higher returns or costs.
Percentage of Farm Returns in Fairfield County, SC Over the Last 10 Years
Farm tax returns in Fairfield County, South Carolina, have varied between approximately 1.83% and 2.12% over the last decade, showing a generally stable trend with slight fluctuations. Understanding these percentages helps in gauging the agricultural economic health of the county, and could be insightful for investors or residents interested in the stability of local farming incomes. These figures might suggest a relatively consistent level of farming activity, making Fairfield County a potentially attractive area for agricultural investment or development.
Number of Mortgages by Occupancy Type in Fairfield County, SC Over the Last 5 Years in Fairfield County
Over the past five years in Fairfield County, South Carolina, there's been a pronounced focus on principal residences, which consistently outnumber the mortgage counts for investment and second residences by a wide margin. The number of mortgages for principal residences surged in 2021, hinting at perhaps an increased demand for primary housing. Investment properties saw relatively stable numbers, whereas second residences saw fluctuations with notable dips post-2021. This shift could indicate changing priorities among buyers, with more emphasis on securing primary homes. For investors, realtors, and insurers, understanding these changes in occupancy type can offer insights into market dynamics, future demand, risk assessments, and the overall financial health of the region.
Economic Outlook
Fairfield County, South Carolina's average taxable income per tax return has generally trended upwards from $40,410.67 in 2013 to $52,540.28 in 2021, hinting at growing economic stability that could be appealing for real estate investors. Concurrently, the county's state and local income taxes per return have risen significantly, from $4,856.19 in 2012 to $9,366.67 in 2021, with a marked increase around 2018, potentially impacting financial decisions further. Additionally, the average total tax... Read more
Average Taxable Income per Tax Return in Fairfield County, SC over the last 9 years
Fairfield County, South Carolina has seen some fluctuation but generally a rising trend in average taxable income per tax return over the past nine years, increasing from $40,410.67 in 2013 to $52,540.28 in 2021. This indicates a potential growth in economic stability and earning power within the county, making it an interesting prospect for investors and real estate developers. Changes in the county's economic environment might affect assessments, property values, and possibly offer higher returns on investments. It is suggested to keep an eye on these trends to carefully consider future financial or relocation decisions.
Average State and Local Income Taxes Per Tax Return in Fairfield County, SC Over the Last 10 Years
Over the past decade, Fairfield County, South Carolina has seen a notable increase in average state and local income taxes per tax return. From $4,856.19 in 2012 to $9,366.67 in 2021, taxes have generally trended upwards with a significant spike around 2018. This upward trend might influence decisions for potential investors, property developers, and real estate agents looking to evaluate the long-term financial implications of setting up in the area. Particularly, the jump to $7,901.92 in 2018 followed by an even steeper rise to over $9,000 in subsequent years could be a key consideration for financial planning and forecast models for both businesses and residents.
Average Total Tax Liability Per Tax Return in Fairfield County, SC Over the Last 10 Years
Fairfield County, South Carolina has seen fluctuations in average total tax liability per tax return over the last decade, reaching a low of around $5,598.29 in 2012 and peaking at approximately $8,342.08 in 2021. There have been notable year-to-year increases, especially between 2018 and 2021, which might point to rising incomes or changes in tax policies affecting residents. This trend could impact decisions for potential investors and homeowners considering the county, as higher taxes could influence overall cost of living and economic growth. Understanding these tax liability trends is crucial for appraisers, insurance agents, and real estate professionals assessing the area's market dynamics.
Cost of Living in Fairfield County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,071 | $1,420 | $1,994 | $1,101 | $1,086 |
| 1 adult 4 children | $1,071 | $1,159 | $1,525 | $1,101 | $1,193 |
| 2 adults 3 children | $1,071 | $1,160 | $1,729 | $1,101 | $865 |
| 1 adult 3 children | $1,071 | $947 | $1,261 | $1,101 | $942 |
| 2 adults 2 children | $835 | $949 | $1,465 | $967 | $747 |
| 1 adult 2 children | $835 | $709 | $997 | $967 | $695 |
| 2 adults 1 child | $835 | $750 | $1,201 | $532 | $715 |
| 1 adult 1 child | $835 | $485 | $733 | $532 | $576 |
| 2 adults | $740 | $603 | $937 | $0 | $633 |
| 1 adult | $701 | $329 | $469 | $0 | $564 |
Safety trends & Data
Fairfield County, South Carolina's real estate market might reflect its fluctuating property crime rates over the past five years. Notably, burglary peaked in 2019 at 28 incidents but gradually fell to 22 by 2022, while larceny-theft, which spiked at 41 arrests in 2019, settled at 27 by 2022. Motor vehicle theft more than doubled from 2019 to 2021 before slightly dropping in 2022, and vandalism peaked in 2021 at 20 incidents, then fell to 10 by 2022. These crime trends could influence property... Read more
Property Crime Trends in Fairfield County, SC Over the Last 5 Years
Fairfield County, South Carolina has seen fluctuations in property crime trends over the past five years. Burglary, consistently the most reported crime, peaked in 2019 at 28 incidents but dipped to 17 by 2021 before slightly rising to 22 in 2022. Larceny-Theft showed a notable increase in 2019 with 41 arrests, yet saw a general decline to 27 by both 2021 and 2022. Motor Vehicle Theft more than doubled from 2019 to 2021 but then decreased slightly in 2022. Vandalism incidents also depicted variability, peaking at 20 in 2021 before dropping to 10 in 2022. These trends suggest potential areas of concern for investors, insurers, and residents.
Demographics
Fairfield County, South Carolina shows a slightly higher female population compared to males. Educational attainment levels illustrate a significant portion with only a high school diploma or some college education. The age distribution is weighted towards older demographics, particularly those aged 55 to 64 years. Racial demographics reveal a predominantly Black or African American population, followed by... Read more
Race Distribution in Fairfield County, South Carolina (2022)
Educational Attainment in Fairfield County, South Carolina (2022)
Age Distribution in Fairfield County, South Carolina
Citizen Population in Fairfield County, South Carolina (2022)
Political Trends & Data
Fairfield County in South Carolina seemed to lean Democratic in the 2020 Presidential Election, with Democrats potentially securing around 61% of the vote. Republicans followed with an estimated 38%, while Libertarian and Green Party candidates likely garnered less than 1%. This suggests Fairfield County might lean more Democratic than other regions within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fairfield County in South Carolina tilted notably towards the Democratic Party in the 2020 Presidential Election, with Democrats potentially securing around 61% of the vote. The Republicans followed, capturing approximately 38%, while Libertarian and Green Party candidates gathered only marginal support, each likely receiving less than 1% of the votes. This suggests Fairfield County might lean more Democratic compared to other regions within the state.
38.11% of voters voted for the Republican party in the 2020 Presidential Election
60.83% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% 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
Fairfield County, South Carolina, has witnessed a gradual decrease in the student-to-teacher ratio over the last decade, falling from 11 students per teacher in 2014 to 9 in 2023. Given the national average sits around 14 students per teacher, this trend of lower ratios might indicate more individualized attention for students and potentially higher-quality education. This could appeal to families considering relocating, influence investors and real estate agents promoting the area, and might... Read more
Student-to-teacher ratio in Fairfield County, South Carolina over the last 10 years
Fairfield County, South Carolina, has seen a consistent decrease in the student-to-teacher ratio over the last decade, dropping from 11 students per teacher in 2014 to 9 in 2023. Compared to the national average of 14 students per teacher, Fairfield's lower ratios might signify more individualized attention for students and potentially higher-quality education. Lower ratios are often attractive to families considering relocating, investors looking at educational infrastructure, and real estate agents marketing the area. This trend could positively impact property values and the stability of the local housing market. It's important for appraisers, insurance agents, and those looking to build property to consider these lower ratios as they might suggest a community invested in educational resources and child development.
