Greenwood County Real Estate and Livability Trends
Greenwood County, South Carolina, has seen a steady rise in median home values from $104,900 in 2015 to $144,000 in 2022, which might attract budget-conscious investors. Notably, average taxable income per tax return grew from $44,155.71 in 2013 to $58,831.71 in 2021, possibly reflecting better economic conditions. However, rising state and local income taxes—from $5,350.84 in 2012 to... Read more
Greenwood County Market Trends
Greenwood County, South Carolina has seen a steady increase in median home values, rising from $104,900 in 2015 to $144,000 in 2022, which may make the area attractive to budget-conscious investors. Average residential energy tax credits have fluctuated, notably peaking at $1,966.67 in 2018, highlighting a trend towards energy-efficient home improvements. Real estate taxes have climbed... Read more
Median Value of Occupied Housing Units in Greenwood County, South Carolina Over the Last 8 Years
Greenwood County, South Carolina has seen a steady climb in median home values over the last eight years, from $104,900 in 2015 to $144,000 in 2022. This increase, though gradual, highlights a consistent upward trend that might make the area a compelling choice for potential investors. When compared to state and national figures, Greenwood County's median home values have generally remained lower, with South Carolina’s median jumping from $139,900 to $216,200, and the national median rising from $125,500 to $179,400 over the same period. This suggests that Greenwood could be an attractive market for buyers seeking more affordable options within the state.
Residential Energy Tax Credit Per Tax Return in Greenwood County, SC Over the Last 9 Years
Greenwood County, South Carolina has seen fluctuating but generally increasing trends in average residential energy tax credits per tax return over the past nine years. Notably, there was a significant jump from $457.78 in 2015 to $923.40 in 2016, peaking at $1,966.67 in 2018. This uptick, particularly the peak in 2018, could interest investors and real estate professionals in identifying energy-efficient property enhancements. For insurers and property appraisers, these figures indicate a possible increase in energy-efficient home improvements, potentially impacting property valuations and premiums.
Average Real Estate Taxes Per Tax Return in Greenwood County, SC Over the Last 10 Years
Over the last decade, Greenwood County, South Carolina has seen a notable upward trend in average real estate taxes per tax return. Starting from approximately $1,719.97 in 2012, the figures have risen significantly, reaching around $2,958.59 by 2021. This escalation could be indicative of rising property values or changes in tax policy, making it essential for potential investors, homebuyers, and real estate professionals to consider the increasing tax burden when evaluating the area. This trend might also be of interest to appraisers and insurance agents when assessing property and insurance costs in the region.
Percentage of Farm Returns in Greenwood County, SC Over the Last 10 Years
Farm tax returns in Greenwood County, South Carolina, which reflect the economic activity from agricultural operations, have shown minor fluctuations over the past decade. Starting at approximately 1.40% in 2012, the percentage of farm returns increased slightly, reaching a peak at about 1.50% in 2018, before declining to just above 1.30% in 2020. It appears that interest in agricultural investments could be seen as relatively stable with slight variances, potentially suggesting sustained or gradually fluctuating economic confidence in this sector. For investors or those looking to build property in the area, these trends might indicate a certain degree of predictability and stability in farming activities, albeit with minor annual changes.
Number of Mortgages by Occupancy Type in Greenwood County, SC Over the Last 5 Years in Greenwood County
Greenwood County, South Carolina has witnessed notable fluctuations in mortgage counts across different occupancy types over the last five years. Principal residences dominate the market consistently, albeit with varying numbers, peaking in 2021 likely due to favorable economic conditions or policy changes. Meanwhile, the second residence and investment property segments, though smaller, display some variability, possibly indicating shifts in real estate investment preferences or seasonal buying patterns. These trends could be pivotal for investors aiming to time the market or for insurance agents assessing risk profiles. Real estate agents and appraisers might also find these insights useful for valuing property correctly and advising clients accordingly. Changes in occupancy type also provide clues about the economic health and lifestyle choices of residents, which is vital for anyone considering moving to or building property in the area.
Economic Outlook
Greenwood County, South Carolina has seen consistent growth in average taxable income per tax return, from $44,155.71 in 2013 to $58,831.71 in 2021, indicating stronger economic conditions that might interest investors. However, the rising state and local income taxes, climbing from $5,350.84 in 2012 to $10,375.56 by 2021, suggest growing fiscal pressure that could affect real estate market dynamics and local cost of living. Additionally, fluctuations in the poverty rate—from 23.8% in 2013... Read more
Average Taxable Income per Tax Return in Greenwood County, SC over the last 9 years
Over the past nine years, Greenwood County, South Carolina has seen a steady rise in average taxable income per tax return, increasing from approximately $44,155.71 in 2013 to around $58,831.71 in 2021. This upward trend could signal a growing economic strength in the area, potentially making it an attractive option for investors and those considering relocating for employment or business opportunities. With consistent increases, real estate and property development in Greenwood County might offer promising returns, and insurance agents might also find a rising market value to be a factor in policy evaluations.
Average State and Local Income Taxes Per Tax Return in Greenwood County, SC Over the Last 10 Years
Over the past decade, Greenwood County, South Carolina has seen a noticeable rise in average state and local income taxes per tax return. Starting from around $5,350.84 in 2012, tax rates have steadily climbed, reaching approximately $10,375.56 by 2021. This upward trend suggests a growing fiscal pressure that potential investors, homeowners, and real estate agents might want to consider. Higher taxes could impact both the property market and the overall cost of living, while also possibly reflecting improved local services and infrastructure.
Average Total Tax Liability Per Tax Return in Greenwood County, SC Over the Last 10 Years
Over the past decade, Greenwood County, South Carolina has shown a general increase in the average total tax liability per tax return. Starting at $6,452.81 in 2012, it gradually climbed, spiking in 2017 to $7,940.79, and then peaking in 2021 at $8,722.31. This upward trend, potentially indicating rising incomes or changes in the tax code, may affect decisions for those in real estate, investment, or financial services, as higher taxation could reflect a growing or wealthier community.
Cost of Living in Greenwood County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,046 | $1,404 | $1,589 | $981 | $797 |
| 1 adult 4 children | $1,046 | $1,146 | $1,214 | $981 | $853 |
| 2 adults 3 children | $1,046 | $1,147 | $1,380 | $981 | $622 |
| 1 adult 3 children | $1,046 | $936 | $1,004 | $981 | $645 |
| 2 adults 2 children | $845 | $939 | $1,170 | $858 | $554 |
| 1 adult 2 children | $845 | $701 | $795 | $858 | $492 |
| 2 adults 1 child | $845 | $742 | $961 | $461 | $559 |
| 1 adult 1 child | $845 | $479 | $585 | $461 | $472 |
| 2 adults | $694 | $596 | $751 | $0 | $525 |
| 1 adult | $689 | $325 | $376 | $0 | $512 |
Safety trends & Data
Greenwood County, South Carolina has shown a notable drop in property crimes over the past five years. Burglary cases went from 98 in 2018 to 52 in 2022, and larceny-theft dropped from 534 to 245 during the same period. Motor vehicle theft has stayed relatively stable, though slightly up in 2022. With these trends, community safety seems to be gradually improving, potentially boosting property values and making the area more appealing to investors and real estate... Read more
Property Crime Trends in Greenwood County, SC Over the Last 5 Years
Over the last five years, Greenwood County, South Carolina has shown a noteworthy decline in property crimes such as burglary and larceny-theft, with burglary decreasing from 98 cases in 2018 to 52 in 2022 and larceny-theft dropping from 534 in 2018 to 245 in 2022. Motor vehicle theft incidents have remained relatively steady, showing a slight increase in 2022. Arson cases have seen minimal occurrences with minor fluctuations. Embezzlement, fraud, and forgery-counterfeiting have generally remained low but stable, whereas vandalism and incidents involving stolen property have shown varied trends. For potential investors, builders, and real estate professionals, this trend suggests a gradual improvement in community safety, which may enhance property values and attractiveness of the area.
Demographics
Greenwood County, South Carolina has a gender balance skewed slightly female, with 28,587 women compared to 23,948 men. Education levels are diverse but highlight a significant portion of the population holding only a high school diploma (14,990) and a notable share with some college but no degree (8,007). Age distribution skews towards older adults, with a considerable number of residents aged 55 and over, potentially impacting local services and housing demands. Racially, the county is... Read more
Race Distribution in Greenwood County, South Carolina (2022)
Educational Attainment in Greenwood County, South Carolina (2022)
Age Distribution in Greenwood County, South Carolina
Citizen Population in Greenwood County, South Carolina (2022)
Political Trends & Data
In Greenwood County, South Carolina, real estate trends could be influenced by a predominantly conservative electorate, as indicated by the 2020 U.S. Presidential Election results showing about 61% Republican support versus 38% for Democrats. This might attract buyers looking for communities with similar political leanings, potentially impacting market dynamics and homebuyer preferences. The limited traction for third-party candidates suggests a stable two-party political environment, which... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Greenwood County, South Carolina, the 2020 U.S. Presidential Election saw a strong lean toward the Republican Party with approximately 61% of the vote, while the Democratic Party garnered about 38%. The Libertarian and Green parties, alongside other minor parties, captured a very small fraction of the vote, which might suggest limited local traction for third-party candidates. Such a distribution could indicate a predominantly conservative electorate in this area.
60.71% of voters voted for the Republican party in the 2020 Presidential Election
37.95% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Greenwood County, South Carolina's student-to-teacher ratio has dropped from around 15 students per teacher in 2014 to about 12 in 2023. This trend suggests increased investment in education and a possible rise in teaching staff, which can attract families thinking of relocating. For real estate professionals and builders, this might indicate growing demand for family-friendly housing. The county's favorable educational conditions, compared to the national average of 14 students per teacher,... Read more
Student-to-teacher ratio in Greenwood County, South Carolina over the last 10 years
Greenwood County, South Carolina's student-to-teacher ratio has shown a noteworthy decline over the past decade, dropping from around 15 students per teacher in 2014 to approximately 12 in 2023. This trend indicates an investment in education and a potential increase in teaching staff relative to student population, which can be a strong selling point for families considering relocation. For investors, real estate agents, and builders, this shift might suggest a growing demand for family-friendly housing. Appraisers and insurance agents might also consider the stable or enhancing reputation of local schools as a factor in property valuations and risk assessments. With the current national average hovering at 14 students per teacher, Greenwood County now offers more favorable educational conditions compared to many areas across the United States.
