Union County Real Estate and Livability Trends
Union County, South Carolina has seen a steady rise in average taxable income per tax return from $35,796.80 in 2013 to $43,637.75 in 2021, potentially indicating a healthier job market or rising wages. Median home values have increased from $72,600 in 2015 to $95,300 in 2022, remaining well below state and national medians. Remarkably, the area has maintained a stable proportion of... Read more
Union County Market Trends
Union County, South Carolina, has managed to keep housing prices relatively affordable with the median home value increasing from $72,600 in 2015 to $95,300 in 2022, still well below the state and national medians. Residential energy tax credits have seen notable fluctuations, peaking at $1,700.00 in 2018, indicating a growing interest in energy-efficient home improvements. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Union County, South Carolina Over the Last 8 Years
Despite recent increases, Union County has maintained relatively affordable housing prices compared to both state and national averages. Over the past eight years, the median home value in Union County, South Carolina has risen from $72,600 in 2015 to $95,300 in 2022. This represents a substantial percentage increase, but the 2022 median remains far below South Carolina’s state median of $216,200 and the national median of $179,400. For investors and buyers, Union County presents an appealing market with potential growth, while offering more budget-friendly options.
Residential Energy Tax Credit Per Tax Return in Union County, SC Over the Last 9 Years
Union County, South Carolina has experienced significant fluctuations in residential energy tax credits per tax return over the past nine years, with notable peaks in 2018 at $1,700.00 and a steady rise to $1,133.33 in 2021. Despite a dip in 2019 to $576.92, the overall trend suggests an increasing investment in energy-efficient home improvements or installations. This could be particularly relevant for property investors, real estate agents, and insurance agents, indicating a growing market for energy-efficient homes and potentially higher property values. The variability in tax credits might also suggest evolving state incentives or changing local economic conditions that impact residential energy investments.
Average Real Estate Taxes Per Tax Return in Union County, SC Over the Last 10 Years
Over the past decade, Union County, South Carolina has seen an upward trend in average real estate taxes per tax return, with a significant jump from approximately $1,115.12 in 2012 to a peak of around $2,130.77 in 2019. These changes could reflect shifting property values, infrastructure improvements, or policy adjustments. This trend may interest potential property investors and real estate agents by highlighting the evolving tax landscape, which could influence both market strategy and long-term financial planning. Additionally, insurance agents and appraisers might find this data valuable for risk assessment and property valuation.
Percentage of Farm Returns in Union County, SC Over the Last 10 Years
In Union County, South Carolina, the percentage of farm tax returns has shown slight fluctuations over the past decade, starting at approximately 1.98% in 2012 before dipping to around 1.55% by 2019 and then modestly increasing to approximately 1.67% in 2021. These figures suggest a relatively stable agricultural presence. Farm tax returns are crucial as they reflect the economic health and viability of farming activities in the region. Investors, potential property builders, and residents will find this data valuable in assessing the long-term sustainability of the agricultural sector, which can influence land values, local economy, and community development.
Number of Mortgages by Occupancy Type in Union County, SC Over the Last 5 Years in Union County
Investment properties and second residences in Union County, South Carolina have been relatively stable but remain significantly lower in volume compared to principal residences. This trend suggests a stronger market for owner-occupied homes, which can lead to more stable neighborhood environments. For investors and builders, the data positions Union County as a market primarily driven by long-term residents, hinting at more predictable rental income and lower vacancy rates. Real estate agents and appraisers should consider this dynamic when valuing properties or advising clients, as a higher proportion of principal residences can impact overall market resilience and community investment. Insurance agents might also find it relevant, given that owner-occupied homes typically result in different risk profiles compared to investment properties or second homes.
Economic Outlook
Union County, South Carolina has seen a gradual increase in average taxable income per tax return, from $35,796.80 in 2013 to $43,637.75 in 2021, hinting at a potentially healthier job market or rising wages. Over the past decade, average state and local income taxes per tax return jumped from $4,128.65 in 2012 to $7,491.30 in 2021, possibly indicating an expanding local economy or changes in tax policies. Average total tax liability per tax return also rose steadily, from $4,278.51 in 2012 to... Read more
Average Taxable Income per Tax Return in Union County, SC over the last 9 years
Over the last nine years, Union County, South Carolina has seen a gradual increase in average taxable income per tax return, rising from $35,796.80 in 2013 to $43,637.75 in 2021. This trend might suggest a slow but steady economic improvement in the area, which could potentially indicate a healthier job market or increased wages. For those considering moving to or investing in Union County, this uptick in taxable income could point to an evolving economic landscape, possibly resulting in higher demand for housing and services.
Average State and Local Income Taxes Per Tax Return in Union County, SC Over the Last 10 Years
Over the past decade, Union County, South Carolina has experienced a notable increase in average state and local income taxes per tax return. From $4,128.65 in 2012, the amount gradually rose to $4,771.22 by 2017 before making a significant jump to over $7,000 in 2018. By 2021, this figure reached $7,491.30. This consistent upward trend could suggest an expanding local economy or shifts in tax policies, and it's something potential investors, property developers, and financial planners might find insightful when considering the implications for future growth and planning.
Average Total Tax Liability Per Tax Return in Union County, SC Over the Last 10 Years
Union County, South Carolina has seen a modest but steady increase in average total tax liability per tax return over the last decade. From $4,278.51 in 2012 to $4,845.90 in 2021, the general upward trend suggests rising incomes or property values, which could entice investors and prospective homeowners looking for growth potential. However, appraisers and insurance agents might need to consider these increasing liabilities when evaluating properties and policy risks. Real estate agents might find this data useful when highlighting potential tax implications to new buyers, given the steady nature of the increases.
Cost of Living in Union County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,039 | $1,235 | $1,935 | $981 | $864 |
| 1 adult 4 children | $1,039 | $1,008 | $1,481 | $981 | $921 |
| 2 adults 3 children | $1,039 | $1,009 | $1,679 | $981 | $674 |
| 1 adult 3 children | $1,039 | $823 | $1,224 | $981 | $697 |
| 2 adults 2 children | $780 | $826 | $1,422 | $858 | $577 |
| 1 adult 2 children | $780 | $617 | $968 | $858 | $506 |
| 2 adults 1 child | $780 | $653 | $1,165 | $461 | $576 |
| 1 adult 1 child | $780 | $421 | $711 | $461 | $477 |
| 2 adults | $593 | $524 | $908 | $0 | $519 |
| 1 adult | $550 | $286 | $454 | $0 | $480 |
Safety trends & Data
Union County, South Carolina's property crime rates have seen notable fluctuations over the past five years, potentially influencing investor and real estate agent decision-making. Larceny-theft peaked at 251 cases in 2018 but dropped to just 54 by 2022. Burglary incidents spiked at 61 in 2019 but sharply declined to 4 in 2020, though they slightly increased to 18 by 2022. Motor vehicle theft remained relatively stable, with 8-20 cases annually. Vandalism showed similar volatility, decreasing... Read more
Property Crime Trends in Union County, SC Over the Last 5 Years
Union County, South Carolina has witnessed notable fluctuations in property crime rates over the past five years. Larceny-theft, the most prevalent crime, peaked at 251 cases in 2018 but saw a significant drop to 54 cases by 2022. Burglary incidents spiked in 2019 at 61, then sharply declined to 4 in 2020, though there was a slight increase to 18 by 2022. Motor vehicle theft remained relatively stable, averaging around 8-20 cases annually. Vandalism showed volatility, with numbers dropping from 36 cases in 2018 to 14 in 2021, slightly rising again to 20 in 2022. These trends could impact decisions for potential investors, real estate agents, and insurance agents considering risk assessment and property appraisals in the area.
Demographics
Union County, South Carolina shows a fairly balanced gender population, with slightly more females than males. Educational attainment data suggests many residents only achieve up to a high school diploma, with relatively few pursuing higher education degrees. The age distribution hints at an aging population, particularly prominent in the 55-to-74-year bracket. The racial makeup is predominantly White, with Black or African American individuals forming the largest minority group. These trends... Read more
Race Distribution in Union County, South Carolina (2022)
Educational Attainment in Union County, South Carolina (2022)
Age Distribution in Union County, South Carolina
Citizen Population in Union County, South Carolina (2022)
Political Trends & Data
Union County, South Carolina, exhibits a pronounced Republican slant, with approximately 62% of votes in the 2020 presidential election favoring GOP candidates. Democrats garnered around 37%, while minor parties like the Libertarians and Greens barely registered with less than 1% each. This voting pattern hints at a robust conservative foundation, though there's still a significant minority with differing political views, potentially impacting various community dynamics, including policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Union County, South Carolina, may lean heavily Republican, with about 62 percent of the votes going to the GOP in the 2020 presidential election. Democrats trailed with roughly 37 percent, while smaller parties like the Libertarians and Greens barely made a dent, each capturing less than one percent. This suggests a strong conservative base, although a notable portion of the electorate still supports other ideologies.
61.73% of voters voted for the Republican party in the 2020 Presidential Election
37.23% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% 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
Union County, South Carolina has observed a decreasing student-to-teacher ratio over the past decade, from 14.5 in 2015 to 12.89 in 2023, suggesting a trend towards smaller class sizes compared to the national average of 14 students per teacher. This dynamic could appeal to families prioritizing education, potentially boosting property values and demand in the area. This trend is noteworthy for investors, residents, real estate agents, and educators as it might indicate a more personalized... Read more
Student-to-teacher ratio in Union County, South Carolina over the last 10 years
Union County, South Carolina has seen a fluctuating student-to-teacher ratio over the past decade, with values ranging from a high of 14.5 in 2015 to a low of 12.89 in 2023. This trend is particularly noteworthy for potential investors, residents, real estate agents, and educators as it suggests smaller class sizes compared to the national average of 14 students per teacher, which could indicate a more personalized educational experience. A decreasing ratio might appeal to families prioritizing education, and it could potentially influence property values and demand in the area.
