Saluda County Real Estate and Livability Trends
Saluda County, South Carolina, saw a notable rise in the average taxable income per tax return over the past nine years, peaking at $52,169.70 in 2021, indicative of growing economic stability that might attract investors and real estate professionals. The median home values have grown from $92,700 in 2015 to $117,800 in 2022, signaling possible investment opportunities despite being lower than... Read more
Saluda County Market Trends
Saluda County, South Carolina, has experienced notable growth in median home values from $92,700 in 2015 to $117,800 in 2022, albeit still lower than state and national averages. The fluctuating yet significant residential energy tax credits, peaking at $3,666.67 in 2018, highlight a rising interest in energy-efficient home improvements. Real estate taxes have seen an overall increase, reaching... Read more
Median Value of Occupied Housing Units in Saluda County, South Carolina Over the Last 8 Years
Saluda County, South Carolina, has seen a steady increase in median home values over the last eight years, rising from $92,700 in 2015 to $117,800 in 2022. Despite this growth, the county's housing values trail behind both the state of South Carolina, where the median value reached $216,200 in 2022, and the national average, which was $179,400 that same year. This trend may suggest potential investment opportunities, as Saluda County may offer more affordable options compared to other regions, with the potential for continued appreciation.
Residential Energy Tax Credit Per Tax Return in Saluda County, SC Over the Last 9 Years
Over the last nine years in Saluda County, South Carolina, the average residential energy tax credit per tax return has seen significant fluctuations. Starting at $300.00 in 2013, credits spiked notably, peaking at $3,666.67 in 2018. These trends suggest a growing interest and investment in residential energy improvements, which could be enticing for property developers and real estate agents looking to promote energy-efficient homes. For investors and insurance agents, the substantial increase in tax credits may imply a potential for higher property values and lower insurance risks associated with energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Saluda County, SC Over the Last 10 Years
Over the past decade, Saluda County, South Carolina has seen fluctuating real estate taxes with a general upward trend. Starting from an average of $1,489.31 in 2012, taxes increased steadily, peaking at $2,655.17 in 2019. While there was a slight drop to $2,591.67 in 2021, the overall increase could likely reflect growing property values, potential infrastructural developments, or changes in tax policies. Prospective homeowners and investors should be aware of these increasing costs, which might influence budgeting and long-term financial planning.
Percentage of Farm Returns in Saluda County, SC Over the Last 10 Years
Farm tax returns in Saluda County, South Carolina, have shown moderate fluctuations over the last decade. Starting at around 5.37% in 2012, there was a gradual increase peaking at roughly 6.22% in 2017. The percentages experienced some ups and downs, but overall, these figures hovered between approximately 5.33% and 6.22%. This trend could indicate a stable agricultural sector, making it an interesting metric for investors eyeing growth opportunities. The steady nature of farm returns suggests resilient farming operations, making the county potentially attractive for those looking to build, invest, or move to an area with robust agricultural activity.
Number of Mortgages by Occupancy Type in Saluda County, SC Over the Last 5 Years in Saluda County
Over the last five years, Saluda County, South Carolina has seen a noticeable increase in mortgages for principal residences, peaking in 2021 with 779 counts. However, investment property mortgages and second residence mortgages have remained relatively low, suggesting limited interest in these types of properties. These trends could imply varying risk profiles for investors, appraisers, and insurance agents, as principal residences often align with more stable, long-term occupancy. Real estate agents might find the growing principal residence market appealing, while builders may want to cater to the evident demand for primary homes. Understanding these dynamics is crucial for anyone looking to engage with the Saluda County real estate market.
Economic Outlook
Over the past nine years, Saluda County, South Carolina has exhibited a rise in average taxable income per tax return, peaking in 2021 at $52,169.70, which likely points to growing economic stability and may entice investors and real estate pros. The steady increase in state and local income taxes per tax return, reaching $8,496.30 in 2021, could be relevant for those exploring long-term financial commitments in the area. The upward trend in the average total tax liability per tax return,... Read more
Average Taxable Income per Tax Return in Saluda County, SC over the last 9 years
Over the past nine years, Saluda County, South Carolina has shown a steady increase in average taxable income per tax return, peaking in 2021 at $52,169.70. This upward trend, despite a slight dip in 2020, suggests a growing economic stability which could be attractive for investors, new residents, and real estate professionals. Taxable incomes have risen from $38,851.76 in 2013, reflecting an overall healthy economic environment. These dynamics are crucial for appraisers and insurance agents, as they indicate a potentially favorable financial landscape where property values and living conditions might continue to improve.
Average State and Local Income Taxes Per Tax Return in Saluda County, SC Over the Last 10 Years
Over the last decade, Saluda County, South Carolina, has seen a consistent increase in average state and local income taxes per tax return, starting from $4,735.94 in 2012 and reaching $8,496.30 by 2021. This trend indicates a steadily increasing tax burden, which could be of interest to potential investors, property developers, and residents considering the long-term financial implications of living or investing in the area. Real estate agents and appraisers might also find this data crucial when assessing property values and market conditions.
Average Total Tax Liability Per Tax Return in Saluda County, SC Over the Last 10 Years
Saluda County, South Carolina has seen a notable upward trend in the average total tax liability per tax return over the past decade. Starting from $5,024.10 in 2012, the figures gradually rose, reaching a peak of $6,960.03 in 2021. This increase suggests a growing economic activity or rising income levels in the county, making it potentially attractive for investors, property developers, and real estate agents. However, the fluctuation around the mid-decade, especially the dip in 2018 to $6,079.12, might indicate underlying economic variability, which is worth considering for a balanced investment strategy.
Cost of Living in Saluda County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,003 | $1,343 | $1,913 | $1,101 | $1,005 |
| 1 adult 4 children | $1,003 | $1,097 | $1,463 | $1,101 | $1,116 |
| 2 adults 3 children | $1,003 | $1,097 | $1,660 | $1,101 | $801 |
| 1 adult 3 children | $1,003 | $896 | $1,210 | $1,101 | $878 |
| 2 adults 2 children | $783 | $898 | $1,407 | $967 | $707 |
| 1 adult 2 children | $783 | $671 | $957 | $967 | $660 |
| 2 adults 1 child | $783 | $710 | $1,154 | $532 | $684 |
| 1 adult 1 child | $783 | $459 | $703 | $532 | $557 |
| 2 adults | $693 | $570 | $901 | $0 | $611 |
| 1 adult | $657 | $311 | $450 | $0 | $555 |
Safety trends & Data
Saluda County's property crime rates are trending downward, with burglary dropping from 22 incidents to just 9 in recent years and larceny-theft decreasing from 42 to 18 cases. Motor vehicle theft remains low but inconsistent, peaking at 5 incidents in 2019. However, the consistent rise in vandalism incidents in 2022 could indicate a changing trend. For investors and real estate professionals, these crime rate fluctuations are crucial in assessing risk and property values in the... Read more
Property Crime Trends in Saluda County, SC Over the Last 5 Years
Saluda County's property crime rates have shown a general decline over the past five years, with notable reductions in burglary, which dropped from 22 incidents in 2018 and 2019 to just 9 in 2022. Larceny-theft, while still the most frequent crime, decreased significantly from 42 incidents in 2018 to 18 in recent years. Motor vehicle theft remains fairly low but varied, peaking at 5 incidents in 2019. Forgery and counterfeiting incidents have also decreased, experiencing minimal occurrences over the years. Meanwhile, vandalism has had a more erratic pattern, but the consistent increase in 2022 might signal a shifting trend. These fluctuations could be crucial for potential investors, appraisers, and real estate agents when assessing the risk and property values in the area.
Demographics
Saluda County, South Carolina showcases a nearly equal balance between male and female residents, which can hint at a stable population structure. Educational attainment leans heavily toward high school graduates, while a smaller segment boasts bachelor's or higher degrees, suggesting a workforce that might benefit from vocational training and community college programs. Age-wise, there's a notable number of residents in the 45 to 64 age brackets, highlighting potential needs for healthcare... Read more
Race Distribution in Saluda County, South Carolina (2022)
Educational Attainment in Saluda County, South Carolina (2022)
Age Distribution in Saluda County, South Carolina
Citizen Population in Saluda County, South Carolina (2022)
Political Trends & Data
Saluda County, South Carolina, showed a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with an estimated over two-thirds of the vote potentially going to the GOP. The Democratic Party attracted roughly a third of the vote, revealing some level of competition but still a notable gap. Libertarians and Greens had minimal impact, with a combined total barely touching one percent, suggesting that third-party influence in this county might be largely... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Saluda County, South Carolina, showed a predominant leaning towards the Republican Party in the 2020 U.S. Presidential Election, with over two-thirds of the vote potentially going to the GOP. The Democratic Party garnered roughly a third of the vote, indicating some level of competition but still a significant gap. Libertarians and Greens appeared to have minimal impact, with their combined total barely reaching one percent, suggesting that third-party influence in this county might be relatively negligible.
66.96% of voters voted for the Republican party in the 2020 Presidential Election
31.95% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Saluda County, South Carolina's student-to-teacher ratio has dropped from around 16 students per teacher in 2015 to approximately 13 students per teacher in 2023, below the national average of 14. This can signal a potential boost in the quality of education, making the area more attractive for families and possibly increasing demand for housing. For real estate agents and investors, this shift could hint at rising property values, while appraisers and insurance agents might need to factor in... Read more
Student-to-teacher ratio in Saluda County, South Carolina over the last 10 years
Saluda County, South Carolina's student-to-teacher ratio has declined from a peak of around 16 students per teacher in 2015 to approximately 13 students per teacher in 2023, which is now below the national average of 14 students per teacher. This decrease could signal an improvement in the quality of education, making the area potentially more attractive for families looking to move. For real estate agents and investors, this trend might indicate growing demand for housing as improved school ratios often correlate with better education standards, thus enhancing the area's appeal. Appraisers and insurance agents might want to consider these shifts when estimating property values, as better education metrics can contribute to higher property prices and, consequently, insurance premiums.
