Georgetown County Real Estate and Livability Trends
Georgetown County, South Carolina's real estate market is shaping up intriguingly, with median home values jumping from $159,600 in 2015 to approximately $234,600 by 2022, hinting at strong demand and investment potential. Noteworthy for investors, residential energy tax credits peaked in 2018, reflecting a potential shift towards energy efficiency in homes. Although farm tax returns saw a slight... Read more
Georgetown County Market Trends
Median home values in Georgetown County, South Carolina, jumped from $159,600 in 2015 to $234,600 in 2022, outpacing both state and national trends. This could signal escalating demand and investment potential, reflecting a stronger local market. The fluctuation in residential energy tax credits, peaking at $3028.57 in 2018, points to a growing focus on energy efficiency, a valuable feature for... Read more
Median Value of Occupied Housing Units in Georgetown County, South Carolina Over the Last 8 Years
Median home values in Georgetown County, South Carolina, have experienced substantial growth over the past eight years, jumping from $159,600 in 2015 to $234,600 in 2022. This outpaces both the state's increase from $139,900 to $216,200 and the national rise from $125,500 to $179,400 during the same period. The sharper increase in Georgetown County could indicate a rising demand and potential opportunities for investors and new residents, reflecting stronger local market resilience and growth compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Georgetown County, SC Over the Last 9 Years
Over the past nine years, Georgetown County, South Carolina has seen significant fluctuations in average residential energy tax credits per tax return. Starting from $402.94 in 2013, the credit peaked at $3028.57 by 2018, indicating a growing investment in energy-efficient technologies. Although there was a notable drop to $870.73 in 2021, the overall trend suggests that those looking to invest in property here might consider energy efficiency improvements as a valuable selling point. Appraisers and insurance agents should account for these enhancements in their valuations and risk assessments, while real estate agents can highlight the potential for future tax savings to prospective buyers.
Average Real Estate Taxes Per Tax Return in Georgetown County, SC Over the Last 10 Years
Over the last decade, Georgetown County, South Carolina has shown a consistent upward trend in average real estate taxes per tax return. Beginning at around $2,435.77 in 2012 and increasing to approximately $4,179.10 by 2021, this notable rise suggests potential growth in property values and possibly increased investment in local infrastructure. This trend may hold particular interest for investors and real estate agents assessing the long-term desirability and economic health of the region. For current residents and prospective homeowners, it’s a factor worth considering when budgeting for future expenses.
Percentage of Farm Returns in Georgetown County, SC Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Georgetown County, South Carolina has shown a slight decline, starting at roughly 0.77% in 2012 and dropping to about 0.66% in 2021. Farm tax returns reflect the portion of tax filings coming from agricultural operations and can offer insight into the health and economic contributions of the farming sector in the area. While the decrease suggests some shifts in the local agricultural landscape, it might also point towards opportunities for investment in revitalizing or diversifying farm-related activities. For those looking to move to or invest in Georgetown County, understanding the trends in farm tax returns could be key in assessing the area's economic stability and potential for development in agriculture.
Number of Mortgages by Occupancy Type in Georgetown County, SC Over the Last 5 Years in Georgetown County
Georgetown County, South Carolina has seen fluctuating mortgage trends over the past five years with notable shifts in the types of properties being financed. Although principal residences dominate the mortgage counts, there's been a discernible interest in second residences and investment properties, peaking in 2021 before dipping in 2022. Changes in occupancy type can indicate shifts in market desirability, affecting property values and signaling opportunities for investors, appraisers, insurance agents, and developers alike. The increase in second residences and investment properties might suggest a growing appeal as a vacation spot or investment area, yet the subsequent decline raises questions about market volatility or changing buyer preferences. Understanding these patterns can guide strategic decisions for everyone from real estate agents to current residents considering new ventures or evaluating their property’s value.
Economic Outlook
Georgetown County, South Carolina has seen notable economic growth over the past nine years, with average taxable income per tax return surging from $53,886.90 in 2013 to $87,667.74 in 2021. This upward trend could signal a more affluent market to real estate investors and agents. However, it comes with rising state and local income taxes, which have increased from $7,032.84 in 2012 to $16,066.26 in 2021. The total tax liability per tax return has also grown significantly, jumping from... Read more
Average Taxable Income per Tax Return in Georgetown County, SC over the last 9 years
Georgetown County, South Carolina has seen a notable increase in average taxable income per tax return over the past nine years, rising from approximately $53,886.90 in 2013 to about $87,667.74 in 2021. This upward trend is likely to interest potential investors, property builders, real estate agents, and insurance firms, as it suggests a growing and possibly more affluent market. For those considering moves or investments, the steady rise in income may indicate economic growth and enhanced quality of life in the region.
Average State and Local Income Taxes Per Tax Return in Georgetown County, SC Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Georgetown County, South Carolina, have seen a substantial increase, highlighting a trend that may concern potential residents and investors. From around $7,032.84 in 2012, the figure has escalated to roughly $16,066.26 in 2021. This upward trajectory, particularly sharp since 2018, indicates rising tax burdens that could impact the cost of living and the attractiveness of the area for new investments or real estate development. For appraisers and insurance agents, this trend showcases the necessity of factoring in increasing taxes in their evaluations and risk assessments.
Average Total Tax Liability Per Tax Return in Georgetown County, SC Over the Last 10 Years
Over the past decade, Georgetown County, South Carolina, has seen a significant increase in the average total tax liability per tax return, jumping from approximately $9,697.76 in 2012 to a striking $16,703.93 in 2021. Such a marked increase suggests a robust economic growth, possibly driven by rising property values and higher incomes. This could be a compelling factor for real estate agents and investors looking at the potential for appreciation. On the other hand, it may also impact considerations for appraisors and insurance agents assessing the area's market dynamics and risk factors, as the higher tax liabilities could reflect an evolving financial landscape.
Cost of Living in Georgetown County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,326 | $1,500 | $1,605 | $981 | $1,021 |
| 1 adult 4 children | $1,326 | $1,225 | $1,226 | $981 | $1,146 |
| 2 adults 3 children | $1,326 | $1,225 | $1,393 | $981 | $815 |
| 1 adult 3 children | $1,326 | $1,000 | $1,014 | $981 | $914 |
| 2 adults 2 children | $933 | $1,003 | $1,181 | $858 | $659 |
| 1 adult 2 children | $933 | $749 | $802 | $858 | $587 |
| 2 adults 1 child | $933 | $793 | $970 | $461 | $634 |
| 1 adult 1 child | $933 | $512 | $591 | $461 | $537 |
| 2 adults | $709 | $637 | $758 | $0 | $560 |
| 1 adult | $704 | $347 | $379 | $0 | $533 |
Safety trends & Data
Georgetown County, South Carolina, has seen a notable drop in certain property crimes, with burglary cases falling from 73.00 in 2018 to 29.00 in 2022 and larceny-theft decreasing from 290.00 to 173.00 during the same period. Meanwhile, motor vehicle thefts and arson incidents have remained relatively steady. The reduction in historic crime levels could make the area more appealing to investors, homebuyers, and real estate professionals, who may view these trends as a sign of improved security... Read more
Property Crime Trends in Georgetown County, SC Over the Last 5 Years
Despite fluctuations over the years, Georgetown County, South Carolina, has shown a general decline in some property crimes, particularly burglary, which decreased from 73.00 cases in 2018 to 29.00 cases in 2022. Larceny-theft remains the most common property crime, though it also saw a downturn from 290.00 cases in 2018 to 173.00 cases in 2022. Meanwhile, motor vehicle thefts and arson incidents have remained relatively low and stable. Embezzlement cases experienced a slight uptick in 2022, while fraud cases have halved since 2018. These trends could indicate improved security measures and community vigilance, making Georgetown County potentially more attractive for investors, homebuyers, and real estate professionals.
Demographics
Georgetown County, South Carolina showcases a balanced gender distribution with a slight female majority and reveals interesting educational attainment trends. A significant portion of the adult population has achieved high school diplomas or some college education, while fewer hold bachelor's or graduate degrees. Age distribution hints at an aging populace, particularly noted with the sizable groups over 55 years old. Racial makeup reflects a predominance of White individuals, followed by... Read more
Race Distribution in Georgetown County, South Carolina (2022)
Educational Attainment in Georgetown County, South Carolina (2022)
Age Distribution in Georgetown County, South Carolina
Citizen Population in Georgetown County, South Carolina (2022)
Political Trends & Data
Georgetown County in South Carolina may have shown a notable tilt towards Republican preferences during the 2020 U.S. Presidential Election, with GOP candidates potentially securing around 55% of the vote. Democrats appeared to trail slightly, possibly capturing 43%. Minor parties such as the Libertarians and Greens seemed to hold minimal sway, likely not exceeding 1% each. This pattern hints at a strong two-party dynamic with limited impact from smaller... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Georgetown County in South Carolina seemed to lean Republican in the 2020 U.S. Presidential Election, with around 55% of the votes possibly favoring the Republican candidate. Democrats likely garnered approximately 43%, while smaller parties like the Libertarians and Greens received noticeably lower shares, likely less than 1% each. This distribution might indicate a predominantly two-party competition, with minor parties having minimal influence.
55.87% of voters voted for the Republican party in the 2020 Presidential Election
43.15% of voters voted for the Democrat party in the 2020 Presidential Election
0.65% 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
Georgetown County, South Carolina's student-to-teacher ratio, typically around the national average of 14, hit 15 in 2019 before dropping to 13 in 2022. These shifts could reflect varying educational investments, impacting class sizes and student attention. For potential real estate investors or movers, a lower ratio might suggest a more attractive learning environment, potentially boosting property demand and values, especially among families prioritizing... Read more
Student-to-teacher ratio in Georgetown County, South Carolina over the last 10 years
Georgetown County, South Carolina has seen fluctuations in its student-to-teacher ratio over the past decade, generally hovering around the national average of 14 students per teacher. Notably, the ratio peaked at 15 in 2019 and then dipped to a low of 13 in 2022. This trend might suggest varying levels of investment in education, with potential implications for class sizes and individual student attention. For those looking to invest in property or move to the area, a lower student-to-teacher ratio could indicate a more favorable learning environment, which may appeal to families prioritizing education. This variable could also impact property values, as education quality often correlates with real estate demand.
