Lee County Real Estate and Livability Trends
Lee County, South Carolina, exhibits an upward trend in average taxable income per return, climbing from $32,587.09 in 2013 to $40,895.10 in 2021, suggesting economic strengthening. Median home values have also risen from $69,800 in 2015 to $93,400 in 2022, still below state and national averages, making the area attractive for budget-conscious buyers. The county’s real estate taxes increased... Read more
Lee County Market Trends
Median home values in Lee County, South Carolina have surged from $69,800 in 2015 to $93,400 in 2022, yet still lag behind state ($216,200) and national ($179,400) figures, making the county an appealing, budget-friendly option for buyers and investors. Residential energy tax credits here have seen swings, peaking at $2,400.00 in 2018, dipping to $700.00 in 2019, and rising again to $1,012.50 by... Read more
Median Value of Occupied Housing Units in Lee County, South Carolina Over the Last 8 Years
Median home values in Lee County, South Carolina have experienced substantial growth over the past eight years, rising from $69,800 in 2015 to $93,400 in 2022. This represents a significant appreciation, albeit still lagging behind both the state and national figures. For comparison, in 2022, median home values in South Carolina reached $216,200, while nationally, they climbed to $179,400. This discrepancy makes Lee County a relatively more affordable option within the state and can be particularly attractive for investors or homebuyers looking for lower entry prices in a market that has shown a consistent upward trend.
Residential Energy Tax Credit Per Tax Return in Lee County, SC Over the Last 9 Years
Over the last nine years in Lee County, South Carolina, the average residential energy tax credit per tax return has seen notable fluctuations, peaking dramatically in 2018 at $2,400.00. After reaching this high, the credit amounts dropped to $700.00 in 2019 but have shown an upward trend again, with 2021 averages around $1,012.50. This variability may suggest evolving energy policies or changes in homeowner participation and can provide insightful data for those looking to invest in energy-efficient property upgrades or forecast insurance risks related to residential energy modifications.
Average Real Estate Taxes Per Tax Return in Lee County, SC Over the Last 10 Years
Over the past decade, Lee County, South Carolina, has seen a steady increase in average real estate taxes per tax return, starting from around $1,212.77 in 2012 and peaking at approximately $2,091.67 in 2019. Although there was a slight decline to $1,861.11 in 2021, these numbers still reflect a general upward trend. This might hint at rising property values or increasing tax rates, making it crucial info for potential investors and current residents weighing the cost of living. For real estate agents and developers, this trend could signal shifts in market dynamics worth monitoring closely.
Percentage of Farm Returns in Lee County, SC Over the Last 10 Years
Over the last decade, farm tax returns in Lee County, South Carolina might generally show a stabilizing trend around 2.7%, with some fluctuations. 2017 could have witnessed a peak at approximately 3.1%, while 2020 might have seen a low point at 2.2%. Changes in these percentages often reflect the economic viability of agriculture in the region and might signal evolving market conditions or shifts in land use. Investors and potential residents interested in agricultural investments or rural property development might consider these trends indicative of the county's economic health and policy environment.
Number of Mortgages by Occupancy Type in Lee County, SC Over the Last 5 Years in Lee County
Over the last five years in Lee County, South Carolina, mortgage activity has been primarily driven by principal residences, with a noticeable uptick in 2020 and 2021. Investment property mortgages have seen a slight decline, reflecting perhaps cautious investor sentiment. A minor trend in second residences also points to a relatively stable but small segment. These shifts in occupancy types can impact property values and development trends, affect insurance risk assessments, and influence market dynamics for buyers, sellers, and investors. For those considering appraisals or building property, understanding these trends helps gauge demand and potential ROI more accurately.
Economic Outlook
Lee County, South Carolina has shown a consistent rise in average taxable income per tax return, moving from $32,587.09 in 2013 to $40,895.10 in 2021, suggesting a strengthening local economy and increasing affluence. The area's average state and local income taxes per return exhibit notable fluctuations, peaking at $4,572.00 in 2019 and dropping to $3,800.00 in 2018, indicating potential volatility in taxpayer costs likely due to economic pressures or changes in tax policies. Furthermore, the... Read more
Average Taxable Income per Tax Return in Lee County, SC over the last 9 years
Over the last nine years, Lee County, South Carolina has experienced a noticeable upward trend in average taxable income per tax return. Initiating at around $32,587.09 in 2013, there has been a relatively steady increase each subsequent year, culminating in a significant jump to $40,895.10 in 2021. This trend may entice potential investors and real estate agents by signaling a strengthening local economy and increasing affluence. For appraisers and insurance agents, the escalating taxable income suggests a possibly higher valuation of properties and greater insurance premiums.
Average State and Local Income Taxes Per Tax Return in Lee County, SC Over the Last 10 Years
Average state and local income taxes per tax return in Lee County, South Carolina, have shown notable fluctuations over the past decade. While 2019 marked a peak at $4572.00, the lowest point was in 2018 at $3800.00. A general trend of volatility is evident, with occasional spikes and drops rather than a steady increase or decrease. This could indicate responses to external economic pressures or changes in local tax policies. For potential investors or real estate professionals, these shifts might suggest a somewhat unpredictable financial landscape in terms of taxpayer costs.
Average Total Tax Liability Per Tax Return in Lee County, SC Over the Last 10 Years
Over the past decade, Lee County, South Carolina has seen a general upward trend in the average total tax liability per tax return, increasing from approximately $4,008.17 in 2012 to around $5,248.68 in 2021. This gradual rise indicates potential economic growth or increased income levels, making the area potentially attractive for investors and residents. However, the fluctuations, particularly the significant jumps between certain years, suggest potential volatility that appraisers and insurance agents may need to consider when assessing property values and risk.
Cost of Living in Lee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,109 | $1,295 | $1,839 | $981 | $909 |
| 1 adult 4 children | $1,109 | $1,057 | $1,407 | $981 | $979 |
| 2 adults 3 children | $1,109 | $1,058 | $1,595 | $981 | $708 |
| 1 adult 3 children | $1,109 | $864 | $1,163 | $981 | $746 |
| 2 adults 2 children | $780 | $866 | $1,352 | $858 | $582 |
| 1 adult 2 children | $780 | $647 | $919 | $858 | $514 |
| 2 adults 1 child | $780 | $684 | $1,108 | $461 | $579 |
| 1 adult 1 child | $780 | $442 | $676 | $461 | $481 |
| 2 adults | $631 | $550 | $865 | $0 | $535 |
| 1 adult | $627 | $300 | $432 | $0 | $511 |
Safety trends & Data
Lee County, South Carolina, has seen fluctuating property crime trends over the last five years, with larceny-theft incidents ranging from a high of 32 in 2019 to a low of 9 in 2022. Burglary incidents have remained more stable, averaging around 8 per year. Minor crimes like motor vehicle theft and arson have stayed low with slight variations, while fraud incidents saw an uptick in 2022. These crime patterns might influence insurance rates and property valuations, offering key insights for... Read more
Property Crime Trends in Lee County, SC Over the Last 5 Years
Over the last five years in Lee County, South Carolina, property crime trends suggest a notable fluctuation, particularly in larceny-theft, which ranged from a high of 32 incidents in 2019 to a low of 9 in 2022. Burglary numbers appear relatively stable, averaging around 8 incidents per year, though 2019 saw a significant drop to 8 incidents. Minor crimes like motor vehicle theft and arson maintained a low and consistent rate but showed slight variations. Fraud incidents showed an increase in 2022. These trends could impact insurance rates and property valuations and provide insights for potential investors and residents regarding safety and future development opportunities.
Demographics
Lee County's demographics reveal some interesting patterns. The adult population is roughly balanced between males and females. Educationally, most adults have completed high school, but fewer hold bachelor's or higher degrees. Age-wise, the population skews towards older adults, particularly those between 55 and 64 years old. Racially, the majority of residents identify as Black or African American, followed by Whites, with minimal representation from other racial groups. This data underscores... Read more
Race Distribution in Lee County, South Carolina (2022)
Educational Attainment in Lee County, South Carolina (2022)
Age Distribution in Lee County, South Carolina
Citizen Population in Lee County, South Carolina (2022)
Political Trends & Data
In Lee County, South Carolina, the 2020 U.S. Presidential Election highlighted a notable Democratic preference with roughly 63% of the votes, while the Republican Party secured about 36%. Minor parties, including the Libertarian and Green parties, collectively earned less than 1%, indicating a minimal impact. This Democratic lean might shape local and national political strategies, potentially affecting policy priorities and campaign focus in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lee County, South Carolina, the 2020 U.S. Presidential Election saw a striking trend with a significant lean toward the Democratic Party, which garnered around 63% of the vote, compared to approximately 36% for the Republican Party. Minor parties like the Libertarian and Green parties barely made a dent, collectively pulling in less than 1% of the total votes. This suggests a strong Democratic preference in this county, which could influence local and national political strategies.
35.68% of voters voted for the Republican party in the 2020 Presidential Election
63.21% of voters voted for the Democrat party in the 2020 Presidential Election
0.84% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lee County, South Carolina's student-to-teacher ratio has fluctuated around the national average of 14 students per teacher over the last decade. The peak was in 2019 at 16, indicating potentially larger classroom sizes, while the lowest was in 2022 at 12, suggesting more individualized attention for students. These changes could influence educational quality and local real estate values, making them relevant for investors, families, and educational professionals, as well as appraisers and... Read more
Student-to-teacher ratio in Lee County, South Carolina over the last 10 years
Lee County, South Carolina's student-to-teacher ratio has shown some variability over the last decade, hovering around the national average of 14 students per teacher. The peak was in 2019 with a ratio of 16, indicating potentially higher classroom sizes that year, while the lowest was in 2022 at 12, suggesting more individualized attention for students. These fluctuations might be significant for potential investors, families considering relocation, and educational professionals, as they can impact educational quality and local real estate values. Understanding these changes can also be critical for appraisers and insurance agents when assessing property value and risk in this area.
