Williamsburg County Real Estate and Livability Trends
Williamsburg County, South Carolina has seen a significant increase in average taxable income, particularly in 2017 and 2021. This suggests a stable economic environment and rising resident incomes that could impact property values. Real estate trends show modest home value growth, from $68,300 in 2015 to $86,900 in 2022, well below state and national averages. Notably, residential energy tax... Read more
Williamsburg County Market Trends
Williamsburg County, South Carolina has experienced a relatively modest increase in median home values, rising from $68,300 in 2015 to $86,900 in 2022, significantly lower than both state and national trends. Residential energy tax credits per tax return peaked at $1,785.71 in 2018, indicating a substantial interest in energy-efficient home improvements which might appeal to eco-conscious buyers... Read more
Median Value of Occupied Housing Units in Williamsburg County, South Carolina Over the Last 8 Years
Over the past eight years, Williamsburg County, South Carolina has seen a relatively modest increase in median home values, rising from $68,300 in 2015 to $86,900 in 2022. This local growth is significantly lower compared to the trend in South Carolina overall, where median values surged from $139,900 to $216,200, and nationally, from $125,500 to $179,400 during the same period. This slower rate of increase in Williamsburg County could present more affordable investment opportunities relative to both the state and national housing markets.
Residential Energy Tax Credit Per Tax Return in Williamsburg County, SC Over the Last 9 Years
Over the last nine years, Williamsburg County, South Carolina has shown a notable rise in residential energy tax credits per tax return, peaking significantly in 2018 at an average of $1,785.71. Although there was a slight drop, the credits have generally stabilized above the $1,000 mark in subsequent years. This trend may indicate increased investment in energy-efficient home improvements, which could be appealing to potential homeowners and investors considering eco-friendly options and long-term savings. Real estate agents and property developers may find this particularly relevant when marketing properties with sustainable features. This dynamic also suggests appraisers and insurance agents consider the enhanced value and reduced energy costs of these homes.
Average Real Estate Taxes Per Tax Return in Williamsburg County, SC Over the Last 10 Years
Over the last decade, Williamsburg County, South Carolina, has observed a steady increase in average real estate taxes per tax return, starting at $1,423.56 in 2012 and gradually climbing to $2,213.89 in 2021. This trend may reflect growing property values and possibly an expanding tax base, suggesting a potentially robust real estate market. Understanding this trajectory is crucial for prospective investors, real estate agents, and appraisers, as it may influence property evaluations and long-term investment strategies. Additionally, insurance agents and those planning to build in the area should factor in these rising taxes when calculating future expenses.
Percentage of Farm Returns in Williamsburg County, SC Over the Last 10 Years
Farm tax returns in Williamsburg County, South Carolina, have generally trended downwards over the past decade, moving from approximately 3.25% in 2012 to about 2.64% in 2021. These figures could imply a gradual decline in agricultural activity or changes in economic dynamics. This trend might be significant for potential investors, builders, or individuals interested in the local agricultural economy, suggesting a shift in the land use or productivity patterns in the area.
Number of Mortgages by Occupancy Type in Williamsburg County, SC Over the Last 5 Years in Williamsburg County
Williamsburg County, South Carolina has seen an interesting fluctuation in the number of mortgages by occupancy type. Principal residences consistently dominate the mortgage market, peaking in 2021 with 978 mortgages. This uptick aligns with a nationwide trend likely driven by low interest rates during the pandemic. Investment properties hold steady with minimal changes, suggesting stable but limited interest in rental or commercial properties. Second residences, while the smallest segment, provide a glimpse into potential vacation or seasonal lodging demands. Shifts in these figures can directly impact investment strategies, real estate appraisals, insurance rates, and future property development plans in the county, making these trends crucial for stakeholders to monitor.
Economic Outlook
Williamsburg County, South Carolina, shows a commendable rise in average taxable income, notably jumping in 2017 and 2021, which hints at economic stability and rising resident incomes. State and local income taxes have also increased steadily, hitting $6,183.33 in 2021, potentially impacting cost of living and property taxation strategies. Total tax liability per tax return has climbed to $4,985.95 by 2021, suggesting higher incomes or shifting tax policies. These trends are key considerations... Read more
Average Taxable Income per Tax Return in Williamsburg County, SC over the last 9 years
Williamsburg County, South Carolina, has seen a steady increase in average taxable income per tax return over the past nine years, moving from approximately $31,904.36 in 2013 to around $40,366.85 in 2021. This commendable upward trend, with notable jumps in 2017 and 2021, suggests a potential growth in economic stability and rising incomes for residents. For investors, real estate agents, and those considering relocation, these figures may indicate a strengthening local economy and possibly increasing property values. Appraisers and insurance agents may also find these trends useful for adjusting property assessments and policy terms, respectively.
Average State and Local Income Taxes Per Tax Return in Williamsburg County, SC Over the Last 10 Years
Williamsburg County, South Carolina has experienced a noticeable rise in average state and local income taxes per tax return over the past decade. Starting at around $4,025.54 in 2012, these taxes have increased steadily with significant jumps in recent years, reaching approximately $6,183.33 in 2021. This gradual increase is relevant for prospective investors, real estate agents, and residents to consider, as it may impact overall cost of living and property taxation strategies. For appraisers and insurance agents, understanding these trends can offer insights into the economic climate and potential future growth of the area.
Average Total Tax Liability Per Tax Return in Williamsburg County, SC Over the Last 10 Years
Average total tax liability per tax return in Williamsburg County, South Carolina has seen a general upward trajectory over the past decade. This reflects a potential increase in incomes or changes in tax policies affecting residents. Notable jumps occurred from 2014 to 2015, and more significantly from 2016 to 2017. By 2021, the average tax liability reached $4,985.95, up from $4,033.55 in 2012. These trends could be informative for investors, appraisers, and real estate agents understanding the economic environment and potential fiscal health of the county.
Cost of Living in Williamsburg County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $962 | $1,355 | $1,839 | $981 | $856 |
| 1 adult 4 children | $962 | $1,107 | $1,407 | $981 | $910 |
| 2 adults 3 children | $962 | $1,107 | $1,595 | $981 | $662 |
| 1 adult 3 children | $962 | $904 | $1,163 | $981 | $682 |
| 2 adults 2 children | $780 | $906 | $1,352 | $858 | $593 |
| 1 adult 2 children | $780 | $677 | $919 | $858 | $525 |
| 2 adults 1 child | $780 | $716 | $1,108 | $461 | $588 |
| 1 adult 1 child | $780 | $463 | $676 | $461 | $489 |
| 2 adults | $593 | $575 | $865 | $0 | $529 |
| 1 adult | $589 | $314 | $432 | $0 | $504 |
Safety trends & Data
Williamsburg County, South Carolina, has seen burglary cases drop from 13 in 2018 to 6 by 2022, suggesting better security measures. Larceny-theft declined from 51 incidents in 2018 to 27 in 2022, which could be promising for businesses and residents. Vandalism spiked in 2021 but decreased substantially by 2022, while motor vehicle thefts and fraud stayed relatively low. These crime rate fluctuations offer valuable insights for investors, insurers, and real estate professionals evaluating the... Read more
Property Crime Trends in Williamsburg County, SC Over the Last 5 Years
Williamsburg County, South Carolina, has witnessed fluctuating property crime rates over the past five years. Data indicates that burglary incidents have decreased from 13 in 2018 to 6 by 2022, potentially pointing to enhanced security measures. Larceny-theft shows a noticeable decline from 51 incidents in 2018 to 27 in 2022, which might be encouraging for local businesses and residents. Interestingly, vandalism incidents peaked in 2021 but fell significantly by 2022. Motor vehicle thefts and fraud remained relatively low throughout the period. This varied crime landscape suggests a dynamically changing environment for potential investors, insurers, and real estate professionals to consider.
Demographics
Williamsburg County, South Carolina exhibits noteworthy demographic characteristics. The adult population is slightly higher among females than males. Educational attainment points towards a significant proportion of the population only completing high school, with fewer advancing to higher education degrees. The age distribution suggests a balanced mix across different age brackets, although there's a relatively larger number of residents aged 45 to 64 years. Racial demographics predominantly... Read more
Race Distribution in Williamsburg County, South Carolina (2022)
Educational Attainment in Williamsburg County, South Carolina (2022)
Age Distribution in Williamsburg County, South Carolina
Citizen Population in Williamsburg County, South Carolina (2022)
Political Trends & Data
Williamsburg County in South Carolina appeared to lean Democratic in the 2020 U.S. Presidential Election, with Democrats potentially securing around 64.4% of the vote compared to roughly 34.6% for Republicans. Minor parties like the Libertarian and Green parties seemed to attract minimal support, each falling below 1%. This trend implies a strong Democratic presence or perhaps more effective campaign strategies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Williamsburg County in South Carolina saw a noticeable lean towards the Democratic party in the 2020 U.S. Presidential Election, with Democrats potentially securing around 64.4% of the vote compared to approximately 34.6% for Republicans. Minor parties like the Libertarian and Green parties appeared to garner minimal support, each with less than 1% of the vote. This data suggests Democrats may have a strong presence or effective campaign strategies in the region.
34.61% of voters voted for the Republican party in the 2020 Presidential Election
64.37% of voters voted for the Democrat party in the 2020 Presidential Election
0.51% of voters voted for the Livertarian party in the 2020 Presidential Election
0.39% of voters voted for the Green party in the 2020 Presidential Election
0.13% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Williamsburg County, South Carolina, the student-to-teacher ratio has fluctuated, peaking at sixteen in 2019 and dropping to thirteen in 2023. This metric could indicate changes in school funding and classroom sizes, impacting educational outcomes. For real estate investors or those considering moving, these trends might suggest shifts in community desirability, as families often seek regions with favorable education... Read more
Student-to-teacher ratio in Williamsburg County, South Carolina over the last 10 years
Over the past decade, the student-to-teacher ratio in Williamsburg County, South Carolina has experienced some fluctuations, generally hovering around the national average of 14 students per teacher. The ratio peaked in 2019 at sixteen and saw its lowest point in 2023 with nearly thirteen students per teacher. This variation might affect the quality of education, as a lower ratio often implies more individualized attention for students. For those looking to invest in, move to, or work within the education sector, these numbers could signal potential changes in school funding, classroom sizes, and overall educational outcomes. Such metrics might also influence real estate trends, as families typically favor areas with favorable student-to-teacher ratios.
