Lexington County Real Estate and Livability Trends
Lexington County, South Carolina, has seen a steady increase in average taxable income per tax return, climbing from $54,432.75 in 2013 to $76,948.37 in 2021, hinting at a robust local economy. The median value of occupied housing units has grown from $140,500 in 2015 to $197,600 in 2022, slightly outpacing national averages. Real estate taxes per tax return have more than doubled over the past... Read more
Lexington County Market Trends
In Lexington County, South Carolina, the median value of occupied housing units has grown from $140,500 in 2015 to $197,600 in 2022, closely mirroring state trends but slightly outpacing the national average. Residential energy tax credits have fluctuated significantly, peaking at $3,453.25 in 2018 and suggesting shifts in homeowner behavior and state or federal incentives. Real estate taxes per... Read more
Median Value of Occupied Housing Units in Lexington County, South Carolina Over the Last 8 Years
Over the past eight years, the median value of occupied housing units in Lexington County, South Carolina, has seen a steady increase from $140,500 in 2015 to $197,600 in 2022. In comparison, the statewide median in South Carolina has also risen from $139,900 to $216,200 during the same period. Nationally, median home values grew from $125,500 to $179,400. This suggests that home values in Lexington County are appreciating at a pace that closely mirrors state-level trends but slightly outpaces the national average, making it a compelling market for potential homeowners and investors focused on growth in South Carolina.
Residential Energy Tax Credit Per Tax Return in Lexington County, SC Over the Last 9 Years
In Lexington County, South Carolina, the average residential energy tax credit per tax return has seen notable fluctuations over the past nine years. Starting at $362.46 in 2013 and peaking dramatically at $3453.25 in 2018, the trend suggests increased investment in energy-efficient home improvements. Despite a dip in subsequent years, the amount remained relatively high, with $1802.62 reported in 2021. This variability may suggest shifts in state or federal incentives or changes in homeowner behaviors regarding energy efficiency upgrades, making it an important indicator for potential investors, developers, and real estate professionals to consider.
Average Real Estate Taxes Per Tax Return in Lexington County, SC Over the Last 10 Years
Lexington County, South Carolina has seen a pronounced increase in average real estate taxes per tax return over the past decade, more than doubling from $1,639.94 in 2012 to $3,182.32 in 2021. Notably, the most significant hike occurred between 2017 and 2018, where average real estate taxes jumped from $1,992.52 to $2,764.41. This trend is potentially reflective of rising property values or changes in local tax policies, making it an important consideration for potential investors, homeowners, and real estate professionals. Appraisers and insurance agents might need to factor these trends into their valuations and risk assessments.
Percentage of Farm Returns in Lexington County, SC Over the Last 10 Years
Over the last decade in Lexington County, South Carolina, the percentage of farm tax returns has gradually declined. Starting at roughly 0.86% in 2012, it has decreased to around 0.72% by 2021. Farm tax returns indicate the financial health and activity of farms in the area, reflecting trends in agricultural productivity and profitability. This dip may suggest a shift away from farming or changes in the economic viability of agriculture locally, which might affect decisions for those looking to invest, move to, or build in Lexington County.
Number of Mortgages by Occupancy Type in Lexington County, SC Over the Last 5 Years in Lexington County
Over the past five years in Lexington County, South Carolina, principal residence mortgages have consistently dominated the market, peaking at about 25,885 in 2021. Investment property mortgages saw a notable increase during the same peak year but recently dropped back to 571 in 2022. Second residence mortgages have remained relatively steady but low, fluctuating slightly. Changes in occupancy type matter because they can indicate shifts in market demand and economic conditions, impacting property values and insurance risks. Investors and real estate agents might see evolving opportunities or challenges, while appraisers and insurers need to adjust their models accordingly.
Economic Outlook
Lexington County, South Carolina, has seen a steady increase in average taxable income per tax return over the past nine years, climbing from $54,432.75 in 2013 to $76,948.37 in 2021, hinting at a robust local economy. Additionally, state and local income taxes per tax return rose from $5,775.63 in 2012 to $11,480.33 in 2021, with the sharpest rise between 2017 and 2018, reflecting significant economic or policy changes. The average total tax liability per tax return also grew from... Read more
Average Taxable Income per Tax Return in Lexington County, SC over the last 9 years
Over the past nine years, Lexington County, South Carolina, has witnessed a steady increase in average taxable income per tax return. Beginning at approximately $54,432.75 in 2013, it has seen year-over-year growth, reaching about $76,948.37 in 2021. This upward trend could indicate a robust local economy and potentially higher disposable income for residents. Such financial trends might signal promising opportunities for real estate investments, new business ventures, and other economic activities.
Average State and Local Income Taxes Per Tax Return in Lexington County, SC Over the Last 10 Years
Lexington County, South Carolina, has seen a notable increase in the average state and local income taxes per tax return over the last decade. In 2012, the amount was $5775.63, and it gradually increased, reaching $11480.33 by 2021. The sharpest uptick happened between 2017 and 2018, suggesting significant economic changes or policy shifts. This trend could be crucial for potential investors, property builders, and real estate agents, as it reflects broader economic trends and could impact disposable income levels for residents. Noticing these tax patterns is also essential for appraisers and insurance agents to gauge the financial environment of the county.
Average Total Tax Liability Per Tax Return in Lexington County, SC Over the Last 10 Years
Over the past decade, Lexington County, South Carolina has seen a noticeable increase in the average total tax liability per tax return, climbing from around $8,071.70 in 2012 to approximately $12,619.82 in 2021. This trend might suggest a rise in income levels or changes in tax regulations, making it potentially attractive for investors and real estate agents who are seeking markets with upward economic mobility. Moreover, property values in the area could be on the rise, a crucial insight for appraisers and insurance agents, hinting at a stable and potentially lucrative market to build or buy property.
Cost of Living in Lexington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,384 | $1,460 | $2,100 | $1,250 | $1,331 |
| 1 adult 4 children | $1,384 | $1,192 | $1,607 | $1,250 | $1,463 |
| 2 adults 3 children | $1,384 | $1,193 | $1,821 | $1,250 | $1,091 |
| 1 adult 3 children | $1,384 | $974 | $1,328 | $1,250 | $1,199 |
| 2 adults 2 children | $1,080 | $976 | $1,543 | $1,127 | $896 |
| 1 adult 2 children | $1,080 | $729 | $1,050 | $1,127 | $884 |
| 2 adults 1 child | $1,080 | $772 | $1,264 | $730 | $869 |
| 1 adult 1 child | $1,080 | $498 | $771 | $730 | $727 |
| 2 adults | $956 | $620 | $986 | $0 | $718 |
| 1 adult | $906 | $338 | $493 | $0 | $642 |
Safety trends & Data
Lexington County, South Carolina has experienced varying property crime rates over the past five years, notably with larceny-theft incidents peaking at 1,045 cases in 2020. While burglary rates stayed relatively stable, motor vehicle thefts spiked at 88 in 2018 but then declined. Fraud cases saw a drop from 218 to 142, and vandalism trends appeared inconsistent. These crime trends could influence property values, insurance costs, and the area's appeal to potential investors and new... Read more
Property Crime Trends in Lexington County, SC Over the Last 5 Years
Lexington County, South Carolina has seen fluctuating property crime rates over the last five years, with notable peaks in larceny-theft incidents, which reached as high as 1,045 cases in 2020. Burglary rates have remained somewhat stable, ranging between 149 and 173 cases annually, while motor vehicle thefts spiked at 88 in 2018 and then gradually declined. Fraud and vandalism also exhibited variability but generally showed a decrease in fraudulent activities from 218 to 142 and an inconsistent trend in vandalism. These trends could impact property values, insurance premiums, and the attractiveness of the area for potential investors and new residents.
Demographics
Lexington County, South Carolina exhibits a relatively balanced gender distribution, with a slight majority of females compared to males. Education data suggests that high school graduates, including those with some college but no degree, form a significant portion of the adult population. The age distribution reveals a youthful demographic, with substantial numbers in the 25 to 34 and 35 to 44 age brackets, but also a notable portion of the population being over 65. The racial makeup is... Read more
Race Distribution in Lexington County, South Carolina (2022)
Educational Attainment in Lexington County, South Carolina (2022)
Age Distribution in Lexington County, South Carolina
Citizen Population in Lexington County, South Carolina (2022)
Political Trends & Data
Lexington County, South Carolina's strong Republican leaning in the 2020 U.S. Presidential Election, where Republicans captured around 64% of the vote, suggests a potentially conservative climate. This political preference could influence local policies, zoning laws, and development strategies, shaping the real estate market in ways that might favor certain types of projects or regulatory... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
The 2020 U.S. Presidential Election results for Lexington County, South Carolina, suggest a notable leaning towards the Republican party, capturing around 64% of the vote. The Democratic party secured approximately 34%, while third parties such as the Libertarian and Green parties gathered minimal support, with less than 2% combined. This voting pattern could hint at a strong conservative preference in the region, potentially influencing local policies and political strategies.
64.20% of voters voted for the Republican party in the 2020 Presidential Election
34.10% of voters voted for the Democrat party in the 2020 Presidential Election
1.34% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
0.08% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lexington County, South Carolina, has seen significant swings in its student-to-teacher ratios over the past decade, dropping from fifteen in 2014 to about fourteen by 2018, then spiking to over twenty in 2021, and settling back to around fourteen in 2023. These fluctuations could hint at changing funding priorities, demographic shifts, or administrative decisions, which impact class sizes and educational quality. Investors, educators, real estate agents, and potential movers might find these... Read more
Student-to-teacher ratio in Lexington County, South Carolina over the last 10 years
Lexington County, South Carolina, has experienced fluctuations in its student-to-teacher ratios over the last decade. After trending downward from fifteen students per teacher in 2014 to almost fourteen by 2018, the ratio surged dramatically to over twenty in 2021, before stabilizing to around fourteen again in 2023. These changes may reflect varying budget priorities, changes in population, or administrative adjustments, impacting class sizes and educational quality. Investors, educators, real estate agents, and those considering a move to the area might view these shifts as indicative of the county's evolving educational landscape. Compared to the US national average of fourteen students per teacher, Lexington County's recent figures suggest a return to more manageable class sizes, improving prospects for better student attention and instruction quality.
