Sumter County Real Estate and Livability Trends
Sumter County, South Carolina's average taxable income has steadily climbed from $40,039.55 in 2013 to $49,697.43 in 2021, signaling potential economic stability and increased disposable incomes that may appeal to investors and realtors. Median home values grew from $107,100 in 2015 to $146,300 in 2022, remaining below state and national medians, offering affordable entry points for buyers.... Read more
Sumter County Market Trends
Sumter County, South Carolina has seen median home values rise from $107,100 in 2015 to $146,300 in 2022, still below both state and national medians, presenting affordable entry points for buyers and investors. The residential energy tax credits spiked to $2,558.82 in 2018 but stabilized around $1,655.13 in 2021, suggesting growing investments in energy-efficient home improvements, potentially... Read more
Median Value of Occupied Housing Units in Sumter County, South Carolina Over the Last 8 Years
The median home values in Sumter County, South Carolina have exhibited a steady upward trend over the last eight years, with values increasing from $107,100 in 2015 to $146,300 in 2022. This growth, while significant, is still lower than both the statewide median values, which jumped from $139,900 to $216,200 in the same period, and the national median, which rose from $125,500 to $179,400. This relatively lower median can offer more affordable entry points for potential homebuyers and investors when compared to broader trends, reflecting possible opportunities for growth and investment in the region.
Residential Energy Tax Credit Per Tax Return in Sumter County, SC Over the Last 9 Years
Residential energy tax credits in Sumter County, South Carolina have shown significant fluctuations over the last nine years, with a notable upward trajectory. Starting at an average of $399.01 per tax return in 2013, the tax credit saw substantial growth, peaking at $2,558.82 in 2018. The credit values have somewhat stabilized in recent years, with averages around $1,655.13 in 2021. This indicates a potential trend towards increasing investment in energy-efficient home improvements, which could signal higher home values, lower energy costs, and possibly more attractive insurance premiums. This data could be crucial for investors, real estate agents, and insurance assessors when evaluating the market and future growth potentials in Sumter County.
Average Real Estate Taxes Per Tax Return in Sumter County, SC Over the Last 10 Years
In Sumter County, South Carolina, the average real estate taxes per tax return have shown a notable upward trend over the last decade, peaking at $2,720.83 in 2021. There was a significant jump in 2018 when taxes surged to $2,719.50 from $1,916.69 in 2017, suggesting a possible reevaluation of property values or changes in tax policies. This upward trajectory might indicate increasing property valuations, which could be enticing for real estate investors and agents looking for rising markets. These higher taxes may also impact decisions for those considering moving to the area, as well as insurance agents and appraisers who need to factor in the cost implications within their assessments.
Percentage of Farm Returns in Sumter County, SC Over the Last 10 Years
Sumter County, South Carolina has seen a gradual decline in the percentage of farm tax returns over the past decade, dropping from 0.88% in 2012 to about 0.64% in 2021. Farm tax returns represent a small yet crucial part of the economic fabric, providing insights into the agricultural activity and viability of farming businesses in the region. The ongoing decline may suggest shifting economic dynamics or challenges within the agricultural sector, potentially signaling important considerations for investors, property developers, and residents with interests in agricultural investment or rural development opportunities. This trend might affect local policy decisions and market conditions related to agriculture in Sumter County.
Number of Mortgages by Occupancy Type in Sumter County, SC Over the Last 5 Years in Sumter County
In Sumter County, South Carolina, the number of mortgages for principal residences has consistently been higher than those for investment properties and second residences over the last five years, peaking in 2021 with 6,393 loans. This trend suggests a strong demand for homes intended as primary living spaces, which may imply stability and growth in the local housing market. For investors and real estate agents, a significant number of principal residence mortgages points to a steady influx of long-term residents, providing potential opportunities for rental properties and related services. Appraisers and insurance agents might find the higher value placed on principal residences noteworthy, as it influences property valuation and insurance premium calculations. Builders and developers can also glean insights from these trends, tailoring their projects to meet the predominant demand for homes in this area.
Economic Outlook
Sumter County, South Carolina has observed a consistent rise in average taxable income per tax return from $40,039.55 in 2013 to $49,697.43 in 2021, hinting at potential economic stability and increased disposable incomes that could make the area appealing to investors and realtors. At the same time, average state and local income taxes per tax return surged from $4,726.58 in 2012 to $8,320.43 in 2021, indicating rising incomes or tax policy shifts, which might impact property costs.... Read more
Average Taxable Income per Tax Return in Sumter County, SC over the last 9 years
Over the past nine years, Sumter County, South Carolina has shown a steady increase in average taxable income per tax return, rising from approximately $40,039.55 in 2013 to about $49,697.43 in 2021. This upward trend might suggest a growing economic stability and potential for higher disposable incomes, possibly making it an attractive spot for investors, realtors, and those considering relocation. However, fluctuations and variances year by year indicate that while the general trend is upward, it's important to consider short-term economic factors when making decisions. This nuanced economic profile requires careful analysis for anyone deeply involved in real estate, investments, or assessing financial risks within the county.
Average State and Local Income Taxes Per Tax Return in Sumter County, SC Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Sumter County, South Carolina, have seen a considerable increase from $4,726.58 in 2012 to $8,320.43 in 2021. This upward trend, with significant jumps in recent years, could suggest rising incomes or changes in tax policies. For investors and real estate professionals, these figures might imply a growing local economy but also potential impacts on property costs and disposable incomes for residents.
Average Total Tax Liability Per Tax Return in Sumter County, SC Over the Last 10 Years
Over the last decade, Sumter County, South Carolina has seen a fluctuating trend in average total tax liability per tax return. Starting at around $5,357.35 in 2012, there's a noticeable increase peaking to over $6,504.16 by 2021. This financial data could be pivotal for potential investors, property developers, and real estate agents, indicating that the region has experienced varying fiscal pressures that may influence property values and investment opportunities. While such trends can reflect economic growth, they may also impact how tax burdens are perceived by residents and businesses alike.
Cost of Living in Sumter County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,195 | $1,335 | $1,873 | $1,250 | $1,032 |
| 1 adult 4 children | $1,195 | $1,090 | $1,432 | $1,250 | $1,118 |
| 2 adults 3 children | $1,195 | $1,091 | $1,626 | $1,250 | $807 |
| 1 adult 3 children | $1,195 | $890 | $1,184 | $1,250 | $890 |
| 2 adults 2 children | $982 | $893 | $1,378 | $1,127 | $726 |
| 1 adult 2 children | $982 | $667 | $937 | $1,127 | $691 |
| 2 adults 1 child | $982 | $706 | $1,130 | $730 | $721 |
| 1 adult 1 child | $982 | $456 | $689 | $730 | $625 |
| 2 adults | $803 | $567 | $883 | $0 | $588 |
| 1 adult | $657 | $309 | $441 | $0 | $515 |
Safety trends & Data
Property crime trends in Sumter County, South Carolina, appear to be on a downward trajectory over the last five years. Notably, larceny-theft incidents decreased significantly from 654.00 in 2018 to 305.00 in 2022. Burglary and embezzlement also saw sharp declines, with numbers dropping from 72.00 and 24.00 in 2018 to 34.00 and 4.00 in 2022, respectively. Minor fluctuations in crimes like arson and vandalism suggest a relatively stable climate. This trend could attract potential investors,... Read more
Property Crime Trends in Sumter County, SC Over the Last 5 Years
Property crime trends in Sumter County, South Carolina, have been on a relatively downward trend over the last five years. Larceny-theft incidents, although still the highest among reported crimes, show a noticeable decrease from 654.0 in 2018 to 305.0 in 2022. Burglary and embezzlement also experienced significant reductions, dropping from 72.0 and 24.0 in 2018 to 34.0 and 4.0 in 2022, respectively. Conversely, minor fluctuations are seen in crimes such as arson and vandalism, with relatively marginal year-to-year changes. This trend could be of interest to potential investors, real estate agents, and insurance professionals looking for stability and security improvements in the area.
Demographics
Sumter County's gender distribution is nearly even, with just over 41,000 females and nearly 38,000 males. Educational attainment reflects a strong base of high school graduates and those with some college, though lower levels of bachelor's and graduate degrees suggest a potential area for growth in higher education. The age distribution has a notable concentration in the under 34 age bracket, possibly indicating a young family or emerging workforce demographic. Racially, the county shows a... Read more
Race Distribution in Sumter County, South Carolina (2022)
Educational Attainment in Sumter County, South Carolina (2022)
Age Distribution in Sumter County, South Carolina
Citizen Population in Sumter County, South Carolina (2022)
Political Trends & Data
Sumter County, South Carolina, trends Democratic, with about 56% support in the 2020 presidential election. The Republican vote share is around 43%, and minor parties like the Libertarian and Green collectively capture less than 1%. This suggests a strong two-party system, with limited influence from third... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sumter County, South Carolina, seemingly leans towards the Democratic Party, with approximately 56% of the vote in the 2020 presidential election. The Republican Party trails with around 43%, while minor parties like the Libertarian and Green parties collectively make up less than 1% of the total. This distribution might hint at a predominantly two-party system in this region, with third parties struggling to gain traction.
42.93% of voters voted for the Republican party in the 2020 Presidential Election
55.97% of voters voted for the Democrat party in the 2020 Presidential Election
0.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
0.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sumter County, South Carolina's student-to-teacher ratio has experienced notable shifts over the past decade, varying from 14 in 2017 to almost 17 in 2014, with a slight increase in recent years. With ratios typically above the national average of 14 students per teacher, this trend can influence how prospective residents and investors assess the quality of education. Lower ratios are often linked to better educational outcomes, a critical factor that affects property values and the area's... Read more
Student-to-teacher ratio in Sumter County, South Carolina over the last 10 years
Over the last decade, Sumter County, South Carolina has observed fluctuations in its student-to-teacher ratio, with values ranging from 14 in 2017 to almost 17 in 2014 and a slight uptick in recent years. Although the ratio has mostly hovered around the mid-15s, which is above the national average of 14 students per teacher, prospective residents and investors might consider this trend when evaluating the quality of education. A consistent or lower student-to-teacher ratio could potentially reflect better educational outcomes, a factor that influences property valuations and the desirability of the area for families and education-focused initiatives. Understanding these nuances helps real estate agents, appraisers, and potential settlers make more informed decisions based on the dynamics affecting local schools.
