Newberry County Real Estate and Livability Trends
In Newberry County, South Carolina, real estate trends reveal a significant rise in median home values, from $100,800 in 2015 to $139,200 in 2022. Real estate taxes have increased, which may indicate higher property values or tax rate changes, impacting homeowner costs. Notable increases in average residential energy tax credits suggest that homeowners are investing in energy-efficient upgrades.... Read more
Newberry County Market Trends
Newberry County, South Carolina has seen its median home values rise significantly, from $100,800 in 2015 to $139,200 in 2022, yet still lags behind both state and national averages. Average residential energy tax credits have increased notably, peaking at $3,160.00 in 2018, suggesting homeowners are investing more in energy-efficient upgrades. Real estate taxes have surged from $2,119.88 in 2012... Read more
Median Value of Occupied Housing Units in Newberry County, South Carolina Over the Last 8 Years
Over the past eight years, Newberry County, South Carolina has experienced a steady increase in median home values, with a significant uptick from $100,800 in 2015 to $139,200 in 2022. While this growth is notable, the county’s median home values remain below both the South Carolina state average, which saw values rise from $139,900 in 2015 to $216,200 in 2022, and the national average, which increased from $125,500 in 2015 to $179,400 in 2022. This indicates that Newberry County could potentially offer more affordable housing options, making it an intriguing opportunity for investors, new residents, and property developers considering an entry into the housing market.
Residential Energy Tax Credit Per Tax Return in Newberry County, SC Over the Last 9 Years
Average residential energy tax credits in Newberry County, South Carolina have shown a notable increase over the past decade, indicating a rising trend in homeowner investments in energy-efficient upgrades. Starting at approximately $369.23 in 2013, the average credit amount saw a significant jump to $3,160.00 in 2018, before stabilizing around $1,100.00 in 2021. This trend might suggest increasing energy efficiency efforts and investments by homeowners, making the region potentially attractive for investors, real estate agents, and insurers due to improved property valuations and lower energy costs.
Average Real Estate Taxes Per Tax Return in Newberry County, SC Over the Last 10 Years
Newberry County, South Carolina, has seen a steady increase in average real estate taxes per tax return over the past decade, with figures rising from approximately $2,119.88 in 2012 to a peak of around $3,205.48 in 2020. Noticeably, there was a sharp increase between 2017 and 2020, where the average jumped from $2,459.06 to $3,205.48, suggesting heightened property values or tax rate changes. This trend is worth noting for potential investors, homeowners, and real estate professionals, as it could indicate growing market value and shifting fiscal policies within the region.
Percentage of Farm Returns in Newberry County, SC Over the Last 10 Years
Farm tax returns in Newberry County, South Carolina, have shown modest fluctuations over the past decade, ranging from approximately 3.64% to 3.90%. 2018 and 2019 peaked at close to 3.89% and 3.90%, respectively, indicating a potentially stable agricultural sector. Farm tax returns, essentially tax filings from farm-related income, can be a critical measure for those interested in the local agricultural economy. For potential investors, builders, and residents, these figures could suggest a relatively stable agrarian community, possibly supporting sustained rural development and property investment opportunities.
Number of Mortgages by Occupancy Type in Newberry County, SC Over the Last 5 Years in Newberry County
Observations in Newberry County, South Carolina, show that principal residences consistently dominate mortgage counts, trending upward until 2021, with a noticeable dip in 2022. This suggests a robust market for primary homeowners and may imply a temporary cooling or market adjustment. Investment property and second residence mortgages remain relatively low but essential for diversifying the local market. Shifts in occupancy type affect property demand, market stability, pricing trends, and insurance risk assessments, making these metrics vital for stakeholders like investors, real estate agents, appraisers, and insurers who track economic health and forecast market movements.
Economic Outlook
In Newberry County, South Carolina, average taxable income per tax return has increased from $42,591.35 in 2013 to $56,461.77 in 2021, suggesting economic stability that may entice investors and real estate developers. Average state and local income taxes also fluctuated, peaking at $6,641.11 in 2018 before declining to $5,181.03 by 2021, indicating economic variability that could affect decision-making for financial planning. Moreover, the average total tax liability per tax return has risen... Read more
Average Taxable Income per Tax Return in Newberry County, SC over the last 9 years
Over the past nine years, Newberry County, South Carolina has seen a steady increase in average taxable income per tax return, climbing from $42,591.35 in 2013 to $56,461.77 in 2021. This progressive growth may indicate economic stability and potential for financial opportunities, making the county a possibly attractive spot for investments, real estate developments, and business ventures. This upward trend could also provide relevant insights for insurance agents assessing risk and for appraisers determining property values in the area.
Average State and Local Income Taxes Per Tax Return in Newberry County, SC Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Newberry County, South Carolina, have seen a noticeable trend, peaking at $6,641.11 in 2018 before dropping to $5,181.03 by 2021. This fluctuation suggests economic variability that could impact decisions for prospective investors, developers, and real estate agents evaluating the area. For those already living or considering a move to Newberry County, understanding these trends is essential for financial and tax planning.
Average Total Tax Liability Per Tax Return in Newberry County, SC Over the Last 10 Years
Over the past decade, Newberry County, South Carolina has experienced a notable rise in the average total tax liability per tax return. Starting at $5,691.97 in 2012, there were consistent increases with a significant jump in 2015 to $6,658.48, eventually reaching $7,644.54 by 2021. This upward trend could be indicative of rising incomes or changes in local economic conditions, making this area potentially attractive for investors and real estate professionals. For those looking to move or build property here, the financial landscape seems to be shifting, which might affect future tax projections and insurance rates.
Cost of Living in Newberry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,078 | $1,239 | $2,089 | $981 | $953 |
| 1 adult 4 children | $1,078 | $1,012 | $1,600 | $981 | $1,015 |
| 2 adults 3 children | $1,078 | $1,012 | $1,812 | $981 | $740 |
| 1 adult 3 children | $1,078 | $826 | $1,322 | $981 | $776 |
| 2 adults 2 children | $878 | $828 | $1,534 | $858 | $660 |
| 1 adult 2 children | $878 | $619 | $1,045 | $858 | $598 |
| 2 adults 1 child | $878 | $655 | $1,256 | $461 | $652 |
| 1 adult 1 child | $878 | $423 | $767 | $461 | $547 |
| 2 adults | $667 | $526 | $979 | $0 | $577 |
| 1 adult | $663 | $287 | $489 | $0 | $547 |
Safety trends & Data
Newberry County, South Carolina, has seen varied property crime trends over the past five years. Larceny-theft consistently stood out, peaking at 197.00 cases in 2018 and remaining significant thereafter. Burglary experienced a noticeable spike to 51.00 cases in 2021. Vandalism hit a peak of 50.00 cases in 2022, while forgery and counterfeiting surged to 50.00 cases in 2021. This data is particularly valuable for those evaluating security and risk in the... Read more
Property Crime Trends in Newberry County, SC Over the Last 5 Years
Property crime trends in Newberry County, South Carolina, show varying patterns over the past five years. Both burglary and larceny-theft have significant presence, with larceny consistently high, peaking at 197.0 cases in 2018 and slightly decreasing but remaining considerable in subsequent years. Burglary had a notable spike to 51.0 cases in 2021. Motor vehicle theft and fraud have exhibited relatively stable, albeit lower, occurrences. Vandalism fluctuated, peaking at 50.0 cases in 2022, indicating a potential area of concern. The distinct rise in cases of forgery and counterfeiting in 2021 to 50.0 stands out. This crime data holds value for investors, residents, and professionals assessing security and risk factors in Newberry County.
Demographics
Newberry County, South Carolina in 2022 appears to have a slightly higher female adult population compared to males. Educational attainment shows a significant proportion have at least completed high school, with many attaining some level of college education or higher degrees. In age demographics, the county seems to have a balanced age distribution with noticeable peaks in the 55 to 64 and under-10 age groups. Racially, the area is predominantly White with a substantial Black or African... Read more
Race Distribution in Newberry County, South Carolina (2022)
Educational Attainment in Newberry County, South Carolina (2022)
Age Distribution in Newberry County, South Carolina
Citizen Population in Newberry County, South Carolina (2022)
Political Trends & Data
Newberry County, South Carolina demonstrated a strong conservative presence during the 2020 U.S. Presidential Election, with about 61.4% of the vote leaning Republican, compared to roughly 37.3% for Democrats. Libertarian and Green Party votes made up only around 1.1% combined. This prevailing political inclination could influence future real estate developments and investments, perhaps indicating a preference for policies that favor property rights and minimal... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Newberry County, South Carolina appeared to lean heavily Republican, with approximately 61.4% of the vote, while Democrats garnered around 37.3%. Libertarian and Green Parties combined constituted a minor fraction, with roughly 0.8% and 0.3%, respectively. These figures suggest a strong conservative presence in the county, a trend worth noting for future campaigns and policy considerations.
61.42% of voters voted for the Republican party in the 2020 Presidential Election
37.35% of voters voted for the Democrat party in the 2020 Presidential Election
0.82% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
Newberry County, South Carolina has shown a noteworthy decrease in student-to-teacher ratios, moving from 14 students per teacher in 2014 to approximately 12 in 2022, compared to the national average of about 14. This trend might indicate a more favorable learning environment, appealing to families who prioritize education. Smaller class sizes could be a compelling selling point for attracting families to the area, potentially affecting long-term real estate market... Read more
Student-to-teacher ratio in Newberry County, South Carolina over the last 10 years
Over the past decade, Newberry County, South Carolina has shown a decrease in the student-to-teacher ratio, moving from 14 students per teacher in 2014 to just about 13 in the past few years, even dipping to 12 in 2022. Comparatively, the national average stands at around 14 students per teacher, indicating Newberry County's class sizes are generally smaller. This trend might indicate a more favorable learning environment and could appeal to families prioritizing education. Investors and real estate agents should note that smaller class sizes can be a strong selling point for families moving to the area, while appraisers and insurance agents might consider this trend when assessing the long-term attractiveness and stability of the local real estate market.
