Horry County Real Estate and Livability Trends
Horry County, South Carolina has experienced a marked rise in median home values, jumping from $159,700 in 2015 to $235,000 in 2022, which could signify growing interest from investors and homebuyers possibly driven by local economic improvements. The average taxable income has risen from $42,657.75 in 2013 to $67,244.65 in 2021, paralleling a decrease in poverty rates from 17.9% in 2013 to 12.1%... Read more
Horry County Market Trends
In Horry County, South Carolina, median home values climbed from $159,700 in 2015 to $235,000 in 2022, surpassing broader state and national figures. This growth could suggest heightened appeal for investors and homebuyers, possibly influenced by local economic factors or desirable amenities. Residential energy tax credits saw significant fluctuations, peaking at around $3,308.64 in 2018 before... Read more
Median Value of Occupied Housing Units in Horry County, South Carolina Over the Last 8 Years
Median home values in Horry County, South Carolina have shown robust growth over the past eight years, climbing from $159,700 in 2015 to $235,000 in 2022. This increase outpaced the median values in both South Carolina and the broader United States, which saw their 2022 figures at $216,200 and $179,400, respectively. Such a trend suggests that Horry County could be an increasingly attractive spot for investors, homebuyers, and builders, potentially driven by local economic factors or amenities that make the area desirable despite broader market fluctuations.
Residential Energy Tax Credit Per Tax Return in Horry County, SC Over the Last 9 Years
Over the past nine years in Horry County, South Carolina, the average residential energy tax credit per tax return has experienced notable fluctuations. Beginning at around $375.93 in 2013, it surged significantly to a peak of approximately $3,308.64 in 2018 before stabilizing to around $1,580.80 in 2021. This suggests increased homeowner investment in energy-efficient upgrades, potentially driven by rising energy costs or favorable state incentives, making Horry County increasingly attractive to investors and homebuyers focused on sustainability. The substantial growth and subsequent stabilization in tax credits could signal broader market maturation or shifts in policy impacts.
Average Real Estate Taxes Per Tax Return in Horry County, SC Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Horry County, South Carolina have seen substantial increases—from $1,670.07 in 2012 to $3,437.22 in 2021. This trend could be impactful for investors, property builders, and real estate agents as rising taxes might affect overall property costs. For those considering a move or currently living there, it's worth noting these increases might correlate to improvements in public services or infrastructure, potentially making the area more attractive but also costlier to reside in.
Percentage of Farm Returns in Horry County, SC Over the Last 10 Years
Over the last ten years in Horry County, South Carolina, the percentage of farm tax returns has shown a gradual decline, dropping from approximately 0.70% in 2012 to about 0.42% in 2021. Farm tax returns essentially represent the proportion of tax filings that come from agricultural activities, reflecting the economic health of the farming sector. This declining trend may suggest a shrinking agricultural presence, which could impact land use planning, investment opportunities, and local economic policies. For potential investors or residents, this might indicate a shift towards more diverse economic activities beyond farming.
Number of Mortgages by Occupancy Type in Horry County, SC Over the Last 5 Years in Horry County
Over the past five years in Horry County, South Carolina, the number of mortgages for principal residences has significantly fluctuated, peaking in 2021 at 35,937 before declining in 2022. Investment and second property mortgages have shown a more stable trend but slightly increased over time. These shifts in occupancy type can signal underlying trends in the housing market, influencing property values, rental demand, and housing availability. For investors, understanding these variations helps in identifying lucrative opportunities or potential market risks. Real estate agents, builders, and appraisers can leverage this data to better predict market dynamics and advise clients or adjust their strategies accordingly.
Economic Outlook
Horry County, South Carolina has seen significant economic growth, highlighted by the increase in average taxable income from $42,657.75 in 2013 to $67,244.65 in 2021. This uptick is likely reflective of a stronger market demand and rising property values. Average state and local income taxes per tax return also doubled from $5,689.16 in 2012 to $11,121.69 in 2021, which could influence real estate dynamics and property valuations. Another key trend is the reduction in poverty rates, dropping... Read more
Average Taxable Income per Tax Return in Horry County, SC over the last 9 years
In recent years, Horry County, South Carolina has seen a noticeable upward trend in average taxable income per tax return. From $42,657.75 in 2013 to $67,244.65 in 2021, this growth suggests a relatively robust economic expansion. This can be attractive for potential investors and real estate agents, as higher incomes could indicate a stronger market demand. Insurance agents and appraisers may also find this data useful in assessing property values, as higher taxable income can often correlate with an increase in property prices and overall affluence.
Average State and Local Income Taxes Per Tax Return in Horry County, SC Over the Last 10 Years
Over the past decade, Horry County, South Carolina has seen a notable increase in average state and local income taxes per tax return. In 2012, residents were paying approximately $5,689.16, but by 2021 that amount had nearly doubled to $11,121.69. This trend suggests that taxation rates or taxable incomes have grown considerably, making it a key consideration for potential investors and those planning to move to the area. Real estate agents and appraisers should note these shifts as they can influence housing market dynamics and property valuations, while insurance agents might consider the impact on coverage needs.
Average Total Tax Liability Per Tax Return in Horry County, SC Over the Last 10 Years
Horry County, South Carolina has seen a notable uptick in average total tax liability per tax return over the past decade, climbing from $6,880.17 in 2012 to $10,781.71 in 2021. This consistent increase highlights a potentially growing economic base or rising income levels in the area, making it an interesting prospect for real estate investors, appraisers, and insurance agents. Such trends could imply a more robust housing market and possibly greater revenue opportunities for businesses and services in Horry County.
Cost of Living in Horry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,455 | $1,456 | $1,760 | $1,250 | $1,193 |
| 1 adult 4 children | $1,455 | $1,189 | $1,344 | $1,250 | $1,338 |
| 2 adults 3 children | $1,455 | $1,189 | $1,528 | $1,250 | $977 |
| 1 adult 3 children | $1,455 | $971 | $1,112 | $1,250 | $1,099 |
| 2 adults 2 children | $1,141 | $974 | $1,295 | $1,127 | $819 |
| 1 adult 2 children | $1,141 | $727 | $880 | $1,127 | $787 |
| 2 adults 1 child | $1,141 | $769 | $1,063 | $730 | $791 |
| 1 adult 1 child | $1,141 | $497 | $648 | $730 | $691 |
| 2 adults | $991 | $618 | $831 | $0 | $665 |
| 1 adult | $966 | $337 | $415 | $0 | $628 |
Safety trends & Data
In Horry County, South Carolina, property crime trends over the past five years show interesting fluctuations that could affect property values and community safety perceptions. Larceny-theft, despite being the most common crime, declined from 2,675 cases in 2019 to 1,619 in 2022. Burglary and motor vehicle theft rates slightly decreased, while embezzlement and forgery saw significant drops, with embezzlement falling from 45 cases in 2018 to 29 in 2022. Vandalism incidents averaged around 300... Read more
Property Crime Trends in Horry County, SC Over the Last 5 Years
In Horry County, South Carolina, over the past five years, property crime trends reveal notable fluctuations. Larceny-theft remains the most frequently occurring crime, despite a general decline from 2,675 cases in 2019 to 1,619 in 2022. Burglary and motor vehicle theft rates also show a slight decrease. Specific crimes like embezzlement and forgery see significant drops, with embezzlement falling from 45 cases in 2018 to 29 cases in 2022. Conversely, vandalism incidents have relatively stabilized, averaging around 300 per year. These shifts matter to investors, real estate agents, and residents as they impact property values, insurance rates, and community safety perceptions.
Demographics
Horry County, South Carolina, offers a nuanced portrait of its demographic landscape. The adult population shows a fairly balanced gender ratio with a slight female majority. Educational attainment reveals a strong base of high school graduates, while the college-educated sectors display a significant presence, suggesting a moderately educated workforce. Age distribution indicates a robust segment of residents aged 55 and older, which might influence local healthcare and retirement services.... Read more
Race Distribution in Horry County, South Carolina (2022)
Educational Attainment in Horry County, South Carolina (2022)
Age Distribution in Horry County, South Carolina
Citizen Population in Horry County, South Carolina (2022)
Political Trends & Data
Horry County, South Carolina, showed a significant lean toward the Republican Party in the 2020 U.S. Presidential Election, with around 66% of votes. Democrats trailed with about 33%, highlighting a notable partisan divide. Minor parties barely made a dent, reinforcing the county's strong two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Horry County, South Carolina, the 2020 U.S. Presidential Election results suggest a strong lean toward the Republican Party, with approximately 66% of the vote share. Democrats garnered about 33%, indicating a substantial partisan gap. Minor parties, including the Libertarian and Green parties, captured very minimal portions of the vote, underscoring a largely two-party preference among the electorate.
66.11% of voters voted for the Republican party in the 2020 Presidential Election
32.92% of voters voted for the Democrat party in the 2020 Presidential Election
0.70% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% 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
Horry County, South Carolina has seen its student-to-teacher ratio decline from around sixteen students per teacher in 2014 to just over fourteen in 2023, showing improved attention per student. This shift could be pivotal for families considering relocation and for investors optimistic about regions prioritizing education. The smaller ratio might also influence real estate agents, appraisers, and insurance agents assessing community support for local... Read more
Student-to-teacher ratio in Horry County, South Carolina over the last 10 years
Horry County, South Carolina has seen its student-to-teacher ratio gradually decline over the last decade. From a high of around sixteen students per teacher in 2014 to just over fourteen in 2023, the trend suggests improved attention per student. This improvement brings Horry County closer to the national average of fourteen students per teacher. Such changes are often pivotal for families considering relocation, real estate agents marketing the area, and investors bullish on regions prioritizing education. Factors contributing to a smaller ratio could also be significant for appraisers and insurance agents assessing community support for local schools.
