Spartanburg County Real Estate and Livability Trends
Spartanburg County, South Carolina has seen average home values rise from $123,800 in 2015 to $195,800 in 2022, surpassing state and national trends, signaling strong market growth. Taxable income per tax return increased from $48,161.49 in 2013 to $68,497.66 in 2021. This rise in earnings might be contributing to the higher real estate taxes, which jumped from $1,649.85 per return in 2012 to... Read more
Spartanburg County Market Trends
Spartanburg County, South Carolina has seen a consistent rise in home values from $123,800 in 2015 to $195,800 in 2022, outpacing state and national trends, signaling robust market momentum. Residential energy tax credits have fluctuated significantly, peaking at $3,294.20 in 2018 before stabilizing at $2,060.62 in 2021, possibly due to policy shifts or resident participation in energy upgrades.... Read more
Median Value of Occupied Housing Units in Spartanburg County, South Carolina Over the Last 8 Years
Over the last eight years, Spartanburg County, South Carolina has experienced a consistent increase in median home values, rising from $123,800 in 2015 to $195,800 in 2022. This growth outpaces both the state of South Carolina, which rose from $139,900 to $216,200, and the national median, which increased from $125,500 to $179,400 during the same period. Homebuyers and investors eyeing Spartanburg County can find this trend appealing, as the local market demonstrates strong upward momentum relative to broader regional and national trends, indicating potentially higher returns and steady demand.
Residential Energy Tax Credit Per Tax Return in Spartanburg County, SC Over the Last 9 Years
Over the past nine years, Spartanburg County, South Carolina has seen substantial fluctuations in the average residential energy tax credit per tax return. Starting at $363.24 in 2013, the credits surged to $3,294.20 by 2018 before settling at $2,060.62 in 2021. These shifts could reflect changing public policy, energy prices, or resident participation in energy-efficient upgrades, all of which are important considerations for property investors, appraisers, and insurance agents evaluating the area's market dynamics.
Average Real Estate Taxes Per Tax Return in Spartanburg County, SC Over the Last 10 Years
Spartanburg County, South Carolina has experienced a notable upward trend in real estate taxes over the past decade. From $1,649.85 per tax return in 2012 to $3,420.18 in 2021, the increase reflects significant growth, particularly post-2017 when taxes jumped from $2,067.11 to $3,054.42 in a single year. This trend could signal a rising market value for properties, attracting investors and posing both opportunities and challenges for homeowners and real estate professionals navigating these shifts.
Percentage of Farm Returns in Spartanburg County, SC Over the Last 10 Years
Over the last decade in Spartanburg County, South Carolina, farm tax returns have shown a gradual yet consistent decline. Starting at around 0.73% in 2012, the percentage has tapered off to roughly 0.59% by 2021. This suggests a slight decrease in agricultural activity or farm profitability in the area. These trends could matter to investors or those interested in the property market within the county, hinting towards a shift in economic activities. Farm tax returns are a financial statement used by individuals or entities engaged in agricultural production to report their income and expenses. This data gives a snapshot of how the farming sector is performing, which might influence decisions related to land use and economic investments in Spartanburg County.
Number of Mortgages by Occupancy Type in Spartanburg County, SC Over the Last 5 Years in Spartanburg County
Over the past five years in Spartanburg County, South Carolina, there has been a notable variance in mortgage counts based on occupancy types. Principal residences consistently lead in mortgage counts, suggesting strong demand for primary living spaces, which could interest potential homeowners and real estate investors eyeing stable markets. Investment properties gradually increased, reflecting a potentially growing interest from investors looking to capitalize on rental incomes or property value appreciation. Meanwhile, second residences remain comparatively minimal, indicating limited appeal or necessity for vacation homes in the area. These trends could influence property appraisal accuracy, investment strategies, and market predictions for appraisers and real estate agents, providing insight into shifting occupancy preferences and economic factors affecting homeowner behavior.
Economic Outlook
Spartanburg County, South Carolina has seen its average taxable income per tax return rise from $48,161.49 in 2013 to $68,497.66 in 2021, indicating economic growth and potentially driving up property values. Average state and local income taxes per tax return have also increased, suggesting higher earnings or increased tax rates, impacting investor and homebuyer decisions. The average total tax liability per tax return has grown from $7,754.75 in 2012 to $10,877.99 in 2021, hinting at rising... Read more
Average Taxable Income per Tax Return in Spartanburg County, SC over the last 9 years
Over the past nine years, Spartanburg County, South Carolina has witnessed a notable increase in average taxable income per tax return, from approximately $48,161.49 in 2013 to around $68,497.66 in 2021. This upwards trend suggests steady economic growth and higher individual earnings, which may signal a robust job market and could attract potential investors and homebuyers looking for promising opportunities. Furthermore, this gradual increase in income may impact property values, insurance rates, and real estate market trends, making Spartanburg County a compelling area for appraisal and development considerations.
Average State and Local Income Taxes Per Tax Return in Spartanburg County, SC Over the Last 10 Years
Over the past decade, Spartanburg County, South Carolina has seen a notable rise in average state and local income taxes per tax return, starting at $6,021.35 in 2012 and peaking at $13,684.99 in 2021. This upward trend suggests higher earnings or increased tax rates, impacting potential investors and home buyers by indicating stronger economic growth or higher resident tax burdens. For insurance agents, appraisers, and real estate agents, this information could hint at more affluent clientele or changing property valuations in the region.
Average Total Tax Liability Per Tax Return in Spartanburg County, SC Over the Last 10 Years
Spartanburg County, South Carolina has seen a notable increase in average total tax liability per tax return over the past decade. Starting at about $7,754.75 in 2012, there was a continuous rise with a few fluctuations, ultimately peaking at approximately $10,877.99 in 2021. This upward trend suggests that incomes—and potentially property values—have generally been increasing, which could be a sign of a strengthening local economy. For potential investors, real estate agents, and appraisers, this trend might indicate growing opportunities and an expanding market. However, higher tax liabilities could also affect affordability for those looking to move to or invest in the county.
Cost of Living in Spartanburg County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,254 | $1,371 | $2,074 | $1,250 | $1,202 |
| 1 adult 4 children | $1,254 | $1,120 | $1,587 | $1,250 | $1,325 |
| 2 adults 3 children | $1,254 | $1,120 | $1,799 | $1,250 | $977 |
| 1 adult 3 children | $1,254 | $915 | $1,312 | $1,250 | $1,074 |
| 2 adults 2 children | $965 | $917 | $1,524 | $1,127 | $820 |
| 1 adult 2 children | $965 | $685 | $1,037 | $1,127 | $765 |
| 2 adults 1 child | $965 | $725 | $1,249 | $730 | $782 |
| 1 adult 1 child | $965 | $468 | $762 | $730 | $665 |
| 2 adults | $854 | $582 | $974 | $0 | $660 |
| 1 adult | $830 | $318 | $487 | $0 | $603 |
Safety trends & Data
Spartanburg County, South Carolina's property crime data over the past five years highlights a notable decrease in larceny-theft, from 1,424 incidents in 2019 to 970 in 2022, and a similar drop in burglary cases, from 213 to 122. Although arson and motor vehicle theft showed inconsistent trends, embezzlement sharply fell from 27 to 5 cases. These crime patterns can influence property valuations, insurance premiums, and perceptions of community safety, offering critical insights for real estate... Read more
Property Crime Trends in Spartanburg County, SC Over the Last 5 Years
Spartanburg County, South Carolina has seen fluctuating property crime trends over the last five years. Notably, larceny-theft has consistently remained the most prevalent issue, peaking at 1,424 incidents in 2019 before declining to 970 in 2022. While burglary incidents significantly dropped from 213 in 2019 to 122 in 2022, arson and motor vehicle theft showed no clear trends, with numbers varying year by year. Embezzlement, on the other hand, saw a significant decrease, from 27 cases in 2019 to just 5 in 2022. These crime patterns are crucial for investors, real estate agents, and potential residents as they impact property valuations, insurance costs, and overall community safety perceptions.
Demographics
Spartanburg County, South Carolina, displays a slightly higher female adult population compared to males. In terms of educational attainment, the largest segment comprises high school graduates, while a considerable number have pursued some college education without finishing a degree. This could hint at economic or social factors that deter degree completion. The age distribution suggests a balanced spread with notable clusters in the under 10 years and 25 to 34 years brackets, potentially... Read more
Race Distribution in Spartanburg County, South Carolina (2022)
Educational Attainment in Spartanburg County, South Carolina (2022)
Age Distribution in Spartanburg County, South Carolina
Citizen Population in Spartanburg County, South Carolina (2022)
Political Trends & Data
Spartanburg County, South Carolina, showed a significant tilt towards the Republican party in the 2020 U.S. Presidential Election, with nearly 63% of the vote. Democrats garnered about 36%, while Libertarian and Green parties collectively captured less than 2%. This conservative voter base could shape local policies and political climate, impacting everything from zoning laws to property... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Spartanburg County, South Carolina, the 2020 U.S. Presidential Election results indicate a strong leaning towards the Republican party, with nearly 63% of the vote, while Democrats received about 36%. Libertarian and Green parties, though present, captured only a small fraction of votes at around 1% and 0.3%, respectively. Such trends could imply a predominantly conservative voter base in this county, potentially influencing local policies and candidates.
62.94% of voters voted for the Republican party in the 2020 Presidential Election
35.60% of voters voted for the Democrat party in the 2020 Presidential Election
1.14% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% 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
In Spartanburg County, South Carolina, the student-to-teacher ratio has dropped from 13.7 in 2014 to 12.64 in 2023, consistently staying below the national average of 14. This trend suggests a more favorable learning environment, potentially making the area more attractive to families and educators. For real estate agents and investors, this can signify a strong educational system, possibly enhancing property values and appealing to homebuyers. Appraisers and insurance agents might also view... Read more
Student-to-teacher ratio in Spartanburg County, South Carolina over the last 10 years
Over the past decade, Spartanburg County, South Carolina has seen its student-to-teacher ratio decrease from 13.7 in 2014 to 12.64 in 2023. This trend, generally moving below the national average of 14 students per teacher, suggests a more favorable learning environment with potentially more individualized attention for students. Lower ratios can be appealing to families considering relocating to the area, as well as to educators seeking positions. For real estate agents and those investing in property, the lower student-to-teacher ratio can signify a robust educational system, potentially enhancing property values and making the locale more attractive for homebuyers. Similarly, appraisers and insurance agents might consider this a positive factor when assessing property values and risks.
