Oconee County Real Estate and Livability Trends
Oconee County, South Carolina has seen median home values climb to $192,800 in 2022, outpacing national rates but lagging behind state averages. Rising incomes and average taxable incomes at $81,654.87 in 2021 suggest potential for growing property values. The bump in residential energy tax credits and second home mortgages points towards a budding market for energy-efficient upgrades and... Read more
Oconee County Market Trends
Median home values in Oconee County, South Carolina have risen steadily, reaching $192,800 in 2022, which outpaces the national median but remains below the state average. Notably, the average residential energy tax credit per return peaked at $4977.78 in 2018, indicating a surge in energy-efficient upgrades. Real estate taxes have also jumped significantly, particularly between 2017 and 2019,... Read more
Median Value of Occupied Housing Units in Oconee County, South Carolina Over the Last 8 Years
Median home values in Oconee County, South Carolina have been steadily rising over the past eight years, reaching $192,800 in 2022. This growth outpaces the national median, which was $179,400 the same year, yet lags behind the state average of $216,200. For those looking to invest, build, or move to Oconee County, this trend suggests a relatively strong but less intense market compared to broader state figures, pointing to potentially more affordable opportunities while still gaining value.
Residential Energy Tax Credit Per Tax Return in Oconee County, SC Over the Last 9 Years
Oconee County, South Carolina has experienced substantial variability in the average residential energy tax credit per tax return over the past nine years, with notable peaks and troughs. The most dramatic increase occurred in 2018, reaching an average of $4977.78 per return, suggesting possible enhancements in energy-efficient renovations or adoption of renewable energy technologies by residents. This spike may be of keen interest to those exploring investment opportunities or considering new construction with a focus on energy efficiency, implying potential for both cost savings and tax incentives. Notably, while the credit has decreased since 2018, it has remained significantly higher than earlier years, averaging above $1700 through 2021, highlighting continued engagement with energy-efficient improvements.
Average Real Estate Taxes Per Tax Return in Oconee County, SC Over the Last 10 Years
Oconee County, South Carolina has seen a significant rise in average real estate taxes per tax return over the past decade, growing from approximately $1,966.09 in 2012 to around $3,840.87 in 2021. Notably, the most substantial jumps occurred between 2017 and 2018, and 2018 and 2019, where taxes increased by over $1,000. This trend may suggest evolving property values and possibly changing fiscal policies affecting homeowners. For potential investors, property developers, and real estate agents, these patterns might indicate a shifting economic landscape within the county. It's crucial to consider these trends when evaluating property investments or advising clients on future real estate decisions in the area.
Percentage of Farm Returns in Oconee County, SC Over the Last 10 Years
Oconee County, South Carolina has experienced slight fluctuations in the percentage of farm tax returns over the last decade. Starting at around 1.84% in 2012, the percentage reached approximately 1.92% in 2013 and 2014's peak. However, a gradual decline followed, dipping to an estimated 1.55% in 2020 before a minor rise to about 1.60% in 2021. These trends may suggest subtle shifts in the agricultural landscape, which could signal opportunities or challenges for future investors and property developers. Understanding these dynamics is perhaps crucial for those contemplating a move or investment in Oconee County, as it might reflect broader economic and environmental conditions impacting local agriculture.
Number of Mortgages by Occupancy Type in Oconee County, SC Over the Last 5 Years in Oconee County
In Oconee County, South Carolina, over the past five years, there has been some fluctuation in mortgage counts across different occupancy types. Principal residences consistently dominate the market, making up the bulk of new mortgages each year. However, there's noticeable movement in the investment property and second residence segments. Despite their smaller share, investment properties and second residences have seen gradual growth, especially notable during 2021. For investors and developers, understanding this trend could inform potential opportunities in the rental and vacation property markets. Changes in these segments might also impact property values and insurance considerations, as an increase in investment properties could correlate with higher demand for rental management services and perhaps fluctuating property values. For real estate agents or those considering purchasing in Oconee County, these shifts might affect the local market dynamics, influencing everything from housing availability to neighborhood character. The rise in second residence mortgages, likely pointing to more vacation homes, could suggest a burgeoning market for tourism-related businesses. Thus, monitoring these occupancy trends can provide insightful data for various stakeholders interested in the area's real estate landscape.
Economic Outlook
Oconee County, South Carolina has shown an upward trajectory in average taxable income, hitting $81,654.87 in 2021, hinting at growing prosperity and potential for increased property values. However, escalating average state and local taxes, which have jumped to $16,713.30 in 2021, might signal economic shifts or adjusted tax policies. The general rise in total tax liability, now averaging around $14,098.56 per tax return, underscores rising incomes and economic expansion. Meanwhile,... Read more
Average Taxable Income per Tax Return in Oconee County, SC over the last 9 years
Over the past nine years, Oconee County, South Carolina has seen a steady upward trend in the average taxable income per tax return, culminating in a notable increase to $81,654.87 in 2021. This pattern suggests a growing economic base and potentially increasing affluence among residents, which may be of interest to investors and real estate agents eyeing market trends. Appraisers and insurance agents could consider these figures when assessing property values and premiums, while those looking to build or move to the area might view this as an indicator of a prosperous community.
Average State and Local Income Taxes Per Tax Return in Oconee County, SC Over the Last 10 Years
Oconee County, South Carolina has experienced a significant increase in average state and local income taxes per tax return over the last decade. Starting at approximately $6,719.97 in 2012, the average tax burden has more than doubled, reaching around $16,713.30 by 2021. Notably, the most substantial hikes occurred post-2017, indicating possible changes in local tax policy or economic conditions affecting taxpayer liabilities. This trend can have substantial implications for potential residents, real estate investors, appraisers, and those involved in property development, as the rising tax rates may reflect a growing economy or increased public service funding requirements.
Average Total Tax Liability Per Tax Return in Oconee County, SC Over the Last 10 Years
Over the last decade, Oconee County, South Carolina, has seen a general increase in average total tax liability per tax return, climbing from approximately $8,029.26 in 2012 to around $14,098.56 in 2021. This trend could suggest growing economic activity and rising incomes, potentially making the county more attractive for investors and developers. Real estate agents and those interested in building property in the area might find this data indicative of a robust and possibly expanding market. Appraisors and insurance agents might also consider these shifts when assessing property values and insurance needs.
Cost of Living in Oconee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,055 | $1,404 | $1,868 | $981 | $932 |
| 1 adult 4 children | $1,055 | $1,146 | $1,429 | $981 | $1,022 |
| 2 adults 3 children | $1,055 | $1,147 | $1,620 | $981 | $740 |
| 1 adult 3 children | $1,055 | $936 | $1,182 | $981 | $749 |
| 2 adults 2 children | $835 | $939 | $1,373 | $858 | $630 |
| 1 adult 2 children | $835 | $701 | $934 | $858 | $561 |
| 2 adults 1 child | $835 | $742 | $1,125 | $461 | $621 |
| 1 adult 1 child | $835 | $479 | $686 | $461 | $513 |
| 2 adults | $634 | $596 | $878 | $0 | $551 |
| 1 adult | $558 | $325 | $439 | $0 | $487 |
Safety trends & Data
Oconee County, South Carolina's property crime trends have seen notable shifts over the past five years, with larceny-theft peaking at 366.0 instances in 2018 and declining to 259.0 by 2022. Burglary has remained relatively stable but slightly increased to 63.0 in 2022. Fraud saw a significant drop from a peak of 106.0 in 2019 to 24.0 in 2022. Motor vehicle thefts have fluctuated, peaking at 48.0 in 2021. These crime patterns may impact property valuations and insurance costs, potentially... Read more
Property Crime Trends in Oconee County, SC Over the Last 5 Years
Oconee County, South Carolina has experienced varying trends in property crimes over the past five years. Larceny-theft remains the most prevalent crime, peaking at 366.0 instances in 2018 and showing a significant decline to 259.0 instances by 2022. Burglary has seen a relatively stable trend, fluctuating but rising slightly to 63.0 in 2022 from a low of 55.0 in 2018. Fraud incidents peaked in 2019 at 106.0 but notably decreased to 24.0 in 2022. Notably, motor vehicle thefts, though lower in number, have fluctuated, reaching a peak at 48.0 in 2021. Arson incidents have remained low throughout the period. These crime trends could impact property valuations and insurance premiums, while fluctuating crime rates may influence investment decisions and considerations for moving to the county.
Demographics
Oconee County, South Carolina, shows a slightly greater number of females than males, indicative of a possible gender imbalance. The adult population appears well-distributed across various educational attainment levels, though a significant number have at least achieved a high school diploma or some college education. The age distribution reveals a concentration of older adults, particularly those aged 55 and above, which could influence local healthcare and retirement services. In terms of... Read more
Race Distribution in Oconee County, South Carolina (2022)
Educational Attainment in Oconee County, South Carolina (2022)
Age Distribution in Oconee County, South Carolina
Citizen Population in Oconee County, South Carolina (2022)
Political Trends & Data
Oconee County, South Carolina, shows a strong Republican lean with about 73% of votes in the 2020 U.S. Presidential Election going to the Republican candidate, versus 26% for the Democratic candidate. Minor parties, including Libertarians and Greens, barely surpassed 1% combined. This conservative voter base could be a key factor in shaping local and state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Oconee County in South Carolina appears to lean strongly Republican, with approximately 73% of the vote in the 2020 U.S. Presidential Election going to the Republican candidate. In contrast, the Democratic candidate garnered around 26% of the votes, indicating a significant partisan tilt. Minor parties like the Libertarians and Greens made up a small fraction of the vote, barely surpassing 1% combined. This voting pattern suggests a predominantly conservative voter base, potentially influencing local and state politics.
73.03% of voters voted for the Republican party in the 2020 Presidential Election
25.61% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% 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
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Oconee County, South Carolina has seen its student-to-teacher ratio decline from nearly 14 to around 12 students per teacher, now falling below the national average of 14. This shift could suggest an improvement in personalized education, making the area more attractive to families and adding a potential selling point for real estate agents. For investors and developers, this educational trend may signal increased demand for housing, while appraisers and insurance agents... Read more
Student-to-teacher ratio in Oconee County, South Carolina over the last 10 years
Over the past decade, Oconee County, South Carolina has seen its student-to-teacher ratio decline from nearly 14 students per teacher in 2014 to around 12 students per teacher in 2023. This trend indicates a potential improvement in personalized attention students might receive, as the county's ratio now falls below the current national average of 14 students per teacher. For investors and developers, this could highlight an appealing aspect of the local education system, possibly increasing the desirability of the area for families looking to move. Real estate agents might find this data useful in marketing properties to potential buyers. Lower ratios might also be a consideration for appraisers and insurance agents assessing the long-term viability and attractiveness of properties in the region.
