Hampton County Real Estate and Livability Trends
Hampton County, South Carolina's real estate market has been influenced by an intriguing mix of economic and policy trends. Median home values have rebounded, reaching $93,900.00 in 2022, closing some of the gap with state and national levels, indicating a potential revival. The steady 2020 increase in mortgages for principal residences hints at shifting market dynamics, possibly fueled by... Read more
Hampton County Market Trends
Median home values in Hampton County, South Carolina, have lagged behind state and national averages but recent trends show a rebound—reaching $93,900.00 in 2022. This is significant compared to South Carolina's rise from $139,900.00 to $216,200.00 and the national increase from $125,500.00 to $179,400.00 during the same period. Meanwhile, residential energy tax credits have dramatically... Read more
Median Value of Occupied Housing Units in Hampton County, South Carolina Over the Last 8 Years
Over the past eight years, median home values in Hampton County, South Carolina, have generally trailed behind both state and national averages. While home values in the county saw a dip between 2015 and 2019, dropping from $76,400.00 to $72,300.00, they have since experienced a significant rebound, reaching $93,900.00 in 2022. This increase is particularly striking compared to the broader trends in South Carolina, where median home values consistently grew from $139,900.00 in 2015 to $216,200.00 in 2022, and the national trend where values rose from $125,500.00 to $179,400.00 over the same period. For potential investors and residents, this suggests that while Hampton County's housing market has been lagging, it may be undergoing a catch-up phase, presenting potential opportunities.
Residential Energy Tax Credit Per Tax Return in Hampton County, SC Over the Last 9 Years
Hampton County, South Carolina has seen notable changes in the average residential energy tax credit per tax return over the last nine years. From a modest start at around $426.67 in 2013, the credit saw modest fluctuations until 2016, when it spiked to $560.00. A significant increase was observed from 2017 onward, reaching $1,020.00 and continuing to rise to $1,300.00 in 2021. This upward trend may indicate growing investments in energy-efficient home improvements, a potentially attractive factor for new homeowners, investors, and real estate agents eyeing the area for its promising incentives. Appraisers and insurance agents might also find this data useful in evaluating the financial advantages of residential properties in this locale.
Average Real Estate Taxes Per Tax Return in Hampton County, SC Over the Last 10 Years
Over the past decade in Hampton County, South Carolina, average real estate taxes per tax return have shown variability, peaking in 2019 at $3,130.43. While there was a noticeable increase between 2015 and 2019, with values jumping from $2,359.80 to $3,130.43, recent years have displayed a downward trend with taxes dropping to $2,110.00 in 2021. This fluctuation could be indicative of changing property values or adjustments in local tax policies, offering critical insights for potential investors, real estate agents, and residents assessing the financial landscape.
Percentage of Farm Returns in Hampton County, SC Over the Last 10 Years
Over the past decade, the percentage of farm returns in Hampton County, South Carolina has largely hovered in the 2.20% to 2.95% range. Although there was a slight downward trend around 2019 and 2020, the figures suggest a relatively stable farming community. Farm tax returns are important indicators of agricultural activity and economic health in rural areas—they can influence property values, investment opportunities, and local development. This relatively steady rate could imply a consistent agricultural presence, which may be a positive signal for those considering investing in or moving to the area.
Number of Mortgages by Occupancy Type in Hampton County, SC Over the Last 5 Years in Hampton County
Over the past five years in Hampton County, South Carolina, there's been a noticeable trend in mortgages for principal residences rising significantly around 2020, with smaller fluctuations in investment and second residences. For those contemplating investment, the dip in mortgages for investment properties might suggest a shift in market dynamics or investor sentiment. Real estate agents and appraisers may find this shift indicative of changing buyer behaviors, influencing property demand and valuation. Insurance agents might need to consider these changes when evaluating risk and coverage for different property types. This evolution in occupancy types provides valuable insights for anyone involved in the housing market, affecting decisions on buying, selling, or developing properties in the area.
Economic Outlook
Hampton County, South Carolina has seen an intriguing upward trend in average taxable income per tax return since 2013, peaking at $49,712.24 in 2020 before a slight dip to $43,485.53 in 2021. This rise could signal economic growth, attracting investors and real estate developers. However, the recent decrease suggests some volatility for appraisers and insurance agents to consider. Meanwhile, average state and local income taxes per tax return have also shown significant fluctuations, spiking... Read more
Average Taxable Income per Tax Return in Hampton County, SC over the last 9 years
Hampton County, South Carolina has seen a general increase in average taxable income per tax return over the past nine years, although there was a dip in 2021. Average taxable incomes have climbed from $38,408.44 in 2013 to a peak of $49,712.24 in 2020, before dipping to $43,485.53 in 2021. This rise suggests potential economic growth that could be attractive to investors and real estate developers looking to capitalize on a potentially expanding local economy. However, the recent decrease might indicate volatility that could be a point of consideration for appraisers and insurance agents assessing risk factors.
Average State and Local Income Taxes Per Tax Return in Hampton County, SC Over the Last 10 Years
Over the last decade, Hampton County, South Carolina has seen significant fluctuations in average state and local income taxes per tax return. The data indicates a steady increase from 2012 to 2013 and an unusual spike in 2018, peaking dramatically in 2020 at $13,870.83. These variations might suggest underlying economic changes or tax policy adjustments, offering crucial insights for potential investors, real estate agents, appraisers, and insurance agents to consider when analyzing the financial landscape of the area.
Average Total Tax Liability Per Tax Return in Hampton County, SC Over the Last 10 Years
Over the last decade, Hampton County, SC has experienced fluctuating average total tax liabilities per tax return, peaking significantly in 2020 at $9418.16. This notable spike could indicate temporary economic shifts or unique financial events impacting the area. Investors and real estate agents might note these variations as they can influence property appraisals and market viability. Insurance agents and those looking to move to the area might also consider these tax trends when assessing the long-term financial landscape of the county.
Cost of Living in Hampton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,093 | $1,323 | $1,817 | $981 | $932 |
| 1 adult 4 children | $1,093 | $1,080 | $1,390 | $981 | $1,013 |
| 2 adults 3 children | $1,093 | $1,081 | $1,577 | $981 | $727 |
| 1 adult 3 children | $1,093 | $882 | $1,149 | $981 | $784 |
| 2 adults 2 children | $780 | $885 | $1,336 | $858 | $607 |
| 1 adult 2 children | $780 | $661 | $909 | $858 | $553 |
| 2 adults 1 child | $780 | $699 | $1,095 | $461 | $606 |
| 1 adult 1 child | $780 | $452 | $668 | $461 | $516 |
| 2 adults | $691 | $562 | $855 | $0 | $585 |
| 1 adult | $644 | $306 | $427 | $0 | $554 |
Safety trends & Data
Hampton County, South Carolina has experienced a rise in property crimes over the past five years, notably in larceny-theft. Burglary and vandalism have remained steady concerns, while motor vehicle theft spiked in 2020 with 8 incidents. Sporadic cases of embezzlement and fraud suggest these issues aren't escalating. For investors and potential residents, these crime trends could impact property investments and insurance... Read more
Property Crime Trends in Hampton County, SC Over the Last 5 Years
Hampton County, South Carolina has seen an uptick in various property crimes over the past five years, with larceny-theft being the most prevalent. While burglary and vandalism also consistently make the list, motor vehicle theft fluctuated, reaching a peak in 2020 with 8 incidents. Interestingly, embezzlement and fraud appear sporadically but haven't shown significant increases, hinting that these may not be growing concerns. For investors, real estate agents, and anyone planning to move to or do business in Hampton County, understanding these crime trends could influence decisions on property investments and insurance premiums.
Demographics
Hampton County, South Carolina, appears to have a slightly higher male population compared to females. Education levels show a significant portion of residents have a high school diploma or some college education, yet relatively few hold bachelor's or graduate degrees. The age distribution skews towards a mature demographic, with a noticeable number of residents in the 35-64 age bracket. Racially, the county is predominantly Black or African American, followed by White residents, while other... Read more
Race Distribution in Hampton County, South Carolina (2022)
Educational Attainment in Hampton County, South Carolina (2022)
Age Distribution in Hampton County, South Carolina
Citizen Population in Hampton County, South Carolina (2022)
Political Trends & Data
Hampton County, South Carolina, likely leaned Democratic in the 2020 U.S. Presidential Election, with Democrats securing about 57% of the vote, while Republicans garnered around 42%. Third-party candidates barely made a dent, combining for less than 1% of the total vote. This voting pattern hints that while the county generally supports Democratic candidates, there is still notable Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hampton County, South Carolina, likely leaned Democratic in the 2020 U.S. Presidential Election, with Democrats securing approximately 57% of the vote compared to Republicans' 42%. Third parties such as Libertarian and Green combined for less than 1% of the total vote. Overall, the data suggests that Hampton County may generally favor Democratic candidates, but the distribution of votes still highlights some level of Republican support.
41.98% of voters voted for the Republican party in the 2020 Presidential Election
57.21% of voters voted for the Democrat party in the 2020 Presidential Election
0.47% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hampton County, South Carolina's student-to-teacher ratio has been trending downwards, dropping to 11 in 2023, below the national average of 14. This may point to smaller class sizes and more individualized attention, potentially improving educational outcomes. Such trends could positively influence property values, as lower ratios often signify higher perceived educational quality, attracting more families to the... Read more
Student-to-teacher ratio in Hampton County, South Carolina over the last 10 years
The student-to-teacher ratio in Hampton County, South Carolina has shown fluctuations over the past decade but generally appears to be trending downwards, moving from slightly above to below the national average of 14 students per teacher. Intriguingly, in 2023, the ratio reached 11, a notable decrease from previous years. This shift may suggest smaller class sizes, potentially leading to more individualized attention and possibly better educational outcomes, making the county an attractive location for families and educators. This trend could also impact property values favorably, as lower ratios often correlate with higher perceived quality of education, thereby drawing more families to the area.
