Marion County Real Estate and Livability Trends
Marion County, South Carolina has seen a rise in average taxable income per tax return from roughly $30,365.68 in 2013 to about $39,281.37 by 2021, highlighting stronger economic conditions that appeal to investors and new residents. While median home values have lagged behind state and national figures, they edged up from $81,800 in 2020 to $90,200 in 2022, offering affordability to... Read more
Marion County Market Trends
Median home values in Marion County, South Carolina have consistently trailed behind state and national figures, yet they've shown upward momentum, especially from 2020 to 2022, rising from $81,800 to $90,200. This affordability might attract budget-conscious buyers and investors. Significant fluctuations in average residential energy tax credits, such as the peak of $2,133.33 in 2018, suggest a... Read more
Median Value of Occupied Housing Units in Marion County, South Carolina Over the Last 8 Years
Over the last eight years, median home values in Marion County, South Carolina have generally trailed behind both state and national figures, yet they have shown consistent upward momentum, especially from 2020 to 2022, climbing from $81,800 to $90,200. In contrast, South Carolina's median home value surged much more dramatically from $170,100 to $216,200 during the same period, while the U.S. saw a rise from $149,600 to $179,400. This indicates Marion County's affordability could appeal to budget-conscious buyers or investors seeking more modest entry points. The recent uptick suggests a strengthening local market that could be ripe for investment.
Residential Energy Tax Credit Per Tax Return in Marion County, SC Over the Last 9 Years
Over the last nine years, Marion County, South Carolina has experienced significant fluctuations in the average residential energy tax credit per tax return. While the credit started at $427.78 in 2013, it saw an increase to $2,133.33 in 2018, suggesting a peak in investments in energy efficiency. This upward trend might indicate a growing interest in energy-efficient improvements which could affect property values and insurance assessments. For real estate agents, investors, and those in the construction industry, these fluctuations could hint at evolving homeowner priorities towards sustainability. This may also impact future property appraisals and insurance policies as homes become more energy efficient.
Average Real Estate Taxes Per Tax Return in Marion County, SC Over the Last 10 Years
Over the past decade, Marion County, South Carolina has seen a notable fluctuation in average real estate taxes per tax return, ranging from around $1,170.12 in 2012 to peaking at approximately $1,920.00 in 2020. Interestingly, there's been substantial growth in recent years, especially in 2018 when taxes jumped to about $1,863.41 from the previous year's $1,248.98. This information may be of particular interest to potential investors and property developers, offering an insight into the county's economic dynamics and how they might impact future financial planning. Real estate agents and appraisers can observe these shifts to better advise clients, and insurance agents could use this data to assess risk and premium calculations.
Percentage of Farm Returns in Marion County, SC Over the Last 10 Years
Over the past 10 years, Marion County, South Carolina has seen a gradual decline in the percentage of farm tax returns, starting at approximately 1.68% in 2012 and dipping to around 1.15% by 2021. This decline could suggest shifts in the local economy, possibly hinting at a decrease in agricultural activities or a move towards other industries. For potential investors and new residents, this trend might signal changing land use and economic opportunities, which could impact decisions on property investments or business ventures. Farm tax returns are a subset of tax filings that indicate agricultural income, reflective of the health and presence of farming operations within a region. Declining figures in this context may point towards less agricultural output, fewer farm businesses, or a shift towards more urban or diversified economic activities in Marion County. Understanding these trends can be crucial in making informed decisions about relocating, investing in, or developing property in the area.
Number of Mortgages by Occupancy Type in Marion County, SC Over the Last 5 Years in Marion County
Over the past five years in Marion County, South Carolina, mortgages for principal residences have consistently outpaced those for investment properties and second residences, suggesting a stable and possibly growing local population. This trend could catch the eye of real estate investors and developers considering the region for new housing projects or revitalization efforts, as a robust demand for principal residences often indicates a thriving community with sustainable long-term growth potential. For insurance agents and appraisers, understanding such shifts is critical as they can influence risk assessments and property valuations; a rising interest in primary homes generally means a well-anchored market. For those contemplating relocation, the high activity in principal residence mortgages may imply stronger social infrastructure and a more engaging neighborhood environment. Furthermore, real estate agents can leverage these insights to tailor their services appropriately, highlighting the strong market for primary living spaces to prospective buyers.
Economic Outlook
Marion County, South Carolina, has seen a significant rise in average taxable income per tax return, moving from around $30,365.68 in 2013 to roughly $39,281.37 by 2021. This growth could point to stronger economic conditions, making the area appealing for potential investors and new residents. It's noteworthy that state and local income taxes have also seen hikes, climbing to a peak of $7,594.12 in 2021, which could influence investment and relocation decisions. Additionally, increasing... Read more
Average Taxable Income per Tax Return in Marion County, SC over the last 9 years
Marion County, South Carolina, has seen a steady increase in average taxable income per tax return over the last nine years, with values starting at approximately $30,365.68 in 2013 and rising to about $39,281.37 by 2021. This upward trend suggests economic growth, potentially making the area more attractive for investors and individuals considering relocation. For real estate agents, appraisers, and insurance agents, these figures can indicate rising property values and an increase in the purchasing power of residents, factors essential for market evaluations and policy assessments. However, contextual factors and a deeper analysis would provide a more comprehensive view.
Average State and Local Income Taxes Per Tax Return in Marion County, SC Over the Last 10 Years
Over the past decade, Marion County, South Carolina has experienced fluctuating average state and local income taxes per tax return, with significant increases especially noticeable in recent years. From $4,174.10 in 2012 to a peak of $7,594.12 in 2021, the pattern suggests rising tax burdens that could impact cost of living and investment decisions. This trend could be a vital consideration for real estate investors, insurance agents, and those planning to move or build property in the area, indicating a potential increase in the overall financial commitments for residents.
Average Total Tax Liability Per Tax Return in Marion County, SC Over the Last 10 Years
Over the past decade, Marion County, South Carolina has experienced an upward trend in average total tax liability per tax return, increasing from $3,855.97 in 2012 to $5,132.29 in 2021. This could signal rising incomes or changes in tax policy, making it a notable factor for potential investors and real estate agents. Understanding these trends is vital for appraisers and insurance agents as they provide a snapshot of the economic climate and influence property valuations and insurance premiums.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $985 | $1,279 | $1,839 | $1,065 | $846 |
| 1 adult 4 children | $985 | $1,044 | $1,407 | $1,065 | $905 |
| 2 adults 3 children | $985 | $1,045 | $1,595 | $1,065 | $661 |
| 1 adult 3 children | $985 | $853 | $1,163 | $1,065 | $686 |
| 2 adults 2 children | $780 | $855 | $1,352 | $935 | $585 |
| 1 adult 2 children | $780 | $639 | $919 | $935 | $522 |
| 2 adults 1 child | $780 | $676 | $1,108 | $512 | $579 |
| 1 adult 1 child | $780 | $437 | $676 | $512 | $486 |
| 2 adults | $683 | $543 | $865 | $0 | $544 |
| 1 adult | $616 | $296 | $432 | $0 | $503 |
Safety trends & Data
Property crime trends in Marion County, South Carolina over the past five years show a notable decrease in burglary and larceny-theft, though vandalism and fraud numbers have fluctuated. Burglary arrests dropped significantly from 54.0 in 2018 to 13.0 by 2021, rising to 25.0 in 2022, while larceny-theft decreased from 140.0 in 2018 to a low of 55.0 in 2021, with a slight increase to 76.0 in 2022. Vandalism arrests varied but generally stayed between 25 to 37 annually, and fraud cases remained... Read more
Property Crime Trends in Marion County, SC Over the Last 5 Years
Property crime trends in Marion County, South Carolina over the last five years reveal a notable decrease in burglary and larceny-theft incidents, though vandalism and fraud numbers fluctuate. For instance, burglary arrests dropped significantly from 54.0 in 2018 to 13.0 by 2021 but then rose again to 25.0 in 2022. Larceny-theft decreased from 140.0 in 2018 to a low of 55.0 in 2021, with a slight increase to 76.0 in 2022. Meanwhile, vandalism arrests showed variability but generally hovered around 25 to 37 annually, and fraud cases remained relatively steady, highlighting potential areas of concern for both investment and community safety. This data might interest potential investors, property developers, or those involved in local law enforcement and community planning.
Demographics
In Marion County, South Carolina, females outnumber males slightly. The adult population shows that a significant portion has at least a high school diploma, while only a smaller percentage has attained a graduate or professional degree. The age distribution suggests a balanced spread across different age groups, though there's a noticeable presence of residents over 55 years old. The racial composition is diverse, with Black or African American residents making up a substantial majority,... Read more
Race Distribution in Marion County, South Carolina (2022)
Educational Attainment in Marion County, South Carolina (2022)
Age Distribution in Marion County, South Carolina
Citizen Population in Marion County, South Carolina (2022)
Political Trends & Data
Marion County, South Carolina's political landscape displays a significant inclination toward the Democratic party, with around 60.00% of 2020 U.S. Presidential Election votes going their way. Republicans trail with about 39.00%, while third parties like the Libertarian and Green barely make a dent at less than 1.00%. This two-party dominance could influence various aspects of local governance and community development, potentially shaping voter priorities and, in turn, impacting sectors like... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marion County, South Carolina, shows a notable leaning toward the Democratic party in the 2020 U.S. Presidential Election, with approximately 60% of votes cast in their favor. The Republican party, while still significant, trails with roughly 39%. The influence of third parties, including Libertarian and Green, remains minimal, collectively capturing less than 1% of the vote. This distribution hints at a strong two-party dynamic, with occasional third-party interest failing to make substantial inroads.
38.84% of voters voted for the Republican party in the 2020 Presidential Election
60.34% of voters voted for the Democrat party in the 2020 Presidential Election
0.43% 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
0.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marion County, South Carolina has experienced a drop in its student-to-teacher ratio from 15 students per teacher in 2014 to around 12 recently, which is below the national average of 14. This trend suggests potential for more personalized attention in schools, likely appealing to families prioritizing education. Real estate agents can use this as a selling point, while appraisers may note the potential for increased property values. This shift could also impact demographic makeup and economic... Read more
Student-to-teacher ratio in Marion County, South Carolina over the last 10 years
Over the past decade, Marion County, South Carolina has seen fluctuations in its student-to-teacher ratio, experiencing a decline from 15 students per teacher in 2014 to about 12 in recent years, below the national average of 14 students per teacher. For potential investors and those moving to the area, a lower ratio might suggest more personalized attention for students, possibly enhancing overall educational outcomes. Real estate agents could leverage this data to attract families seeking quality education, while appraisers might note that areas with better school support often see increased property values. Insurance agents and builders may find this trend relevant as it can influence the demographic makeup and economic growth of the area.
