Laurens County Real Estate and Livability Trends
Laurens County, South Carolina, has experienced a notable increase in average taxable income from $39,788.94 in 2013 to roughly $51,139.79 in 2021, coupled with a significant rise in state and local taxes per tax return. Median home values have climbed from $83,900 in 2015 to $138,600 by 2022, even though they remain below state and national averages, offering potential investment opportunities.... Read more
Laurens County Market Trends
In Laurens County, South Carolina, median home values have seen a steady climb from $83,900 in 2015 to $138,600 by 2022, suggesting growing investment opportunities despite values being below state and national averages. The average residential energy tax credit per tax return soared from $359.18 in 2013 to $1,966.67 by 2018, indicating a strong trend towards energy-efficient home investments.... Read more
Median Value of Occupied Housing Units in Laurens County, South Carolina Over the Last 8 Years
In Laurens County, South Carolina, median home values have shown a consistent upward trend over the past eight years, climbing from $83,900 in 2015 to $138,600 by 2022. While still below state and national averages, this rapid appreciation suggests growing investment opportunities in the area. Compared to the overall South Carolina median of $216,200 for 2022 and the national figure of $179,400, Laurens County might present an attractive entry point for new homeowners or investors looking for more affordable options with the potential for value growth.
Residential Energy Tax Credit Per Tax Return in Laurens County, SC Over the Last 9 Years
In Laurens County, South Carolina, there has been a notable increase in the average residential energy tax credit per tax return over the past nine years. From a modest $359.18 in 2013, the average jumped significantly to $1,966.67 by 2018, reflecting a growing trend towards energy-efficient home investments. Despite fluctuations, the credits remained above $1,400 in recent years, indicating sustained interest in energy-saving improvements. This trend could be an attractive factor for investors, appraisers, insurance agents, and real estate agents, as it implies a community increasingly focused on energy efficiency, potentially affecting property values and future development plans.
Average Real Estate Taxes Per Tax Return in Laurens County, SC Over the Last 10 Years
Over the past decade, Laurens County, South Carolina has shown a steady increase in average real estate taxes per tax return, starting from $1,196.85 in 2012 and rising to $2,168.89 by 2021. Notably, there was a sharp spike between 2017 and 2018, where taxes jumped from approximately $1,465.89 to $1,928.07, and this upward trend largely continued until 2020. This consistent rise could reflect various factors, such as property value increases, changes in tax rates, or local economic and infrastructural developments—key considerations for potential investors, property developers, and real estate agents.
Percentage of Farm Returns in Laurens County, SC Over the Last 10 Years
Laurens County, South Carolina has shown a minor but notable fluctuation in its percentage of farm tax returns over the past decade, hovering around 2.22% to 2.38%. For those invested in agricultural properties, this data could suggest stability in the farming economy of the area, with slight dips in 2018 and 2019 possibly reflecting broader economic forces at play. Understanding farm tax returns is essential since they provide insight into the agricultural economic health of the region, which can be a significant factor when considering investments or property development in rural areas.
Number of Mortgages by Occupancy Type in Laurens County, SC Over the Last 5 Years in Laurens County
In Laurens County, South Carolina, the number of mortgages for Principal Residences has noticeably fluctuated, with a significant spike in 2021 reaching 3424, before dropping to 2843 in 2022. Investment Properties have seen a gradual increase, while Second Residences remain relatively stable. Changes in occupancy type are crucial as they potentially reflect economic shifts, housing demand demographics, and investment trends that could influence property values and insurance premiums. Those considering real estate investments, new developments, or moving to the area should note these patterns as they might signal broader market trends or shifts in community composition.
Economic Outlook
In Laurens County, South Carolina, average taxable income per tax return has steadily risen from about $39,788.94 in 2013 to approximately $51,139.79 in 2021, with a notable spike between 2020 and 2021. Concurrently, state and local taxes per tax return have also increased, most significantly between 2017 and 2020, suggesting shifts in local government funding needs. The total tax liability per tax return reveals a generally upward trend, reaching $6,706.13 in 2021, hinting at either rising... Read more
Average Taxable Income per Tax Return in Laurens County, SC over the last 9 years
Average taxable income per tax return in Laurens County, South Carolina has shown a generally steady increase over the last nine years, climbing from approximately $39,788.94 in 2013 to around $51,139.79 in 2021. Notably, a significant jump is observed between 2020 and 2021, where the average taxable income increased by nearly $6,934.43. This upward trend could potentially signal a positive economic environment, making the area an appealing prospect for real estate investors and those looking to build property. However, this also might imply higher tax burdens, which insurance agents and appraisers should consider when evaluating the property and coverage needs.
Average State and Local Income Taxes Per Tax Return in Laurens County, SC Over the Last 10 Years
Taxes in Laurens County, South Carolina, have generally been on the rise over the past decade, with a marked increase from $4,602.84 per tax return in 2012 to $7,576.53 per tax return in 2021. The most significant jumps occurred between 2017 and 2020, reflecting economic shifts that potential investors, home buyers, appraisers, and real estate agents should be aware of. This trend may indicate changes in local government funding needs or an evolving economic environment, making it crucial for stakeholders to consider these variables when planning for the future in Laurens County.
Average Total Tax Liability Per Tax Return in Laurens County, SC Over the Last 10 Years
Laurens County, South Carolina has seen a fluctuating but generally upward trend in average total tax liability per tax return over the last decade, starting from $5138.46 in 2012 and peaking at $6706.13 in 2021. This rise, particularly the sharp increase in 2021, could imply escalating income levels or changes in tax regulations. These figures might interest investors and real estate agents, suggesting a potentially growing and financially stable population. Appraisers and insurance agents could find this data useful in risk assessment and property valuation, while prospective residents might see it as indicative of economic health.
Cost of Living in Laurens County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,056 | $1,271 | $1,746 | $1,101 | $872 |
| 1 adult 4 children | $1,056 | $1,038 | $1,334 | $1,101 | $976 |
| 2 adults 3 children | $1,056 | $1,038 | $1,516 | $1,101 | $706 |
| 1 adult 3 children | $1,056 | $848 | $1,104 | $1,101 | $725 |
| 2 adults 2 children | $864 | $850 | $1,285 | $967 | $617 |
| 1 adult 2 children | $864 | $635 | $873 | $967 | $567 |
| 2 adults 1 child | $864 | $672 | $1,055 | $532 | $610 |
| 1 adult 1 child | $864 | $434 | $643 | $532 | $521 |
| 2 adults | $656 | $540 | $825 | $0 | $528 |
| 1 adult | $652 | $294 | $412 | $0 | $511 |
Safety trends & Data
Laurens County, South Carolina, has experienced significant changes in property crime over the past five years. While larceny-theft peaked in 2021 with 311 cases, it dropped sharply in 2022. Burglary incidents also declined dramatically, from 101 reports in 2020 to just 49 in 2022. However, vandalism incidents have doubled, indicating evolving criminal behaviors. Fraud and embezzlement have remained relatively stable. Understanding these crime trends is essential for potential investors and... Read more
Property Crime Trends in Laurens County, SC Over the Last 5 Years
Over the past five years, Laurens County, South Carolina, has shown a notable shift in property crime statistics. The most common offense remains larceny-theft, peaking in 2021 with 311 reported cases before dropping significantly in 2022. Conversely, burglary incidents saw a sharp decline, from 101 reports in 2020 to just 49 in 2022. Vandalism doubled in the same period, hinting at changing criminal behaviors. Fraud and embezzlement demonstrate less variation, making them potentially more predictable risks for insurers and real estate stakeholders. These trends are crucial for anyone evaluating the area for investment or living, as they highlight shifting security concerns and potential impacts on property values.
Demographics
Laurens County, South Carolina shows a fairly balanced gender ratio with a slightly higher female population. Educational attainment appears relatively varied, with high school graduates forming the largest group, yet a notable proportion of residents having only some college education without earning a degree. Age-wise, the population spans broadly, showing concentrations in the under-10 and 55-64 age ranges. Racial demographics highlight a predominantly White population, with a significant... Read more
Race Distribution in Laurens County, South Carolina (2022)
Educational Attainment in Laurens County, South Carolina (2022)
Age Distribution in Laurens County, South Carolina
Citizen Population in Laurens County, South Carolina (2022)
Political Trends & Data
Laurens County, South Carolina's real estate market trends might be influenced by its strong conservative leaning. In the 2020 U.S. Presidential Election, Republicans possibly captured around 66% of the vote, which could reflect a community leaning towards traditional values and potentially stable, long-term investments. Understanding the political landscape might help gauge future development preferences and community support for different types of housing and commercial... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Laurens County in South Carolina leaned predominantly Republican in the 2020 U.S. Presidential Election, with Republicans possibly capturing around 66% of the vote. Democrats may have garnered roughly 33%, while minor parties like the Libertarian and Green parties, as well as other candidates, accounted for a minimal share. This distribution hints at a strong conservative preference among the county's voters.
65.61% of voters voted for the Republican party in the 2020 Presidential Election
33.32% of voters voted for the Democrat party in the 2020 Presidential Election
0.78% 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
0.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Laurens County, South Carolina, the student-to-teacher ratio has gradually declined over the past decade, from around seventeen students per teacher to just over thirteen. This shift could make the area more appealing to families seeking better educational outcomes, which may influence property values. The current ratio of approximately thirteen students per teacher is lower than the national average of 14, signaling potential for increased demand for family-friendly infrastructure and... Read more
Student-to-teacher ratio in Laurens County, South Carolina over the last 10 years
Over the past decade in Laurens County, South Carolina, the student-to-teacher ratio has seen a gradual decline, dipping from approximately seventeen students per teacher to just over thirteen. This trend can impact various aspects for investors, educators, and residents. Lower ratios could suggest more individualized attention for students, potentially improving educational outcomes—a factor that may entice families to move to the area or influence appraisors and real estate agents' assessments of property values. For builders and insurance agents, these shifts may signal a growing demand for family-friendly infrastructure and services. With the county's current ratio of about thirteen students per teacher falling below the national average of 14, Laurens County might appear more attractive to those prioritizing education.
