Bacon County Real Estate and Livability Trends
Bacon County, Georgia, has experienced a considerable rise in average taxable income per tax return, climbing from $36,193.54 in 2013 to $48,099.07 by 2021, hinting at an improving local economy. The median home values have also surged from $62,800 in 2015 to $95,600 in 2022, making it a more appealing market amid pricier alternatives. Real estate taxes peaked at over $3,180.00 in 2020 but later... Read more
Bacon County Market Trends
Bacon County, Georgia, has seen a steady rise in median home values from $62,800 in 2015 to $95,600 in 2022, making it an attractive option for affordable housing amidst pricier state and national markets. The growing energy tax credits, peaking at $533.33 in 2021, reflect increasing investments in energy efficiency, a draw for eco-conscious buyers. Interestingly, real estate taxes have shown... Read more
Median Value of Occupied Housing Units in Bacon County, Georgia Over the Last 8 Years
Over the past eight years, Bacon County has seen a steady upward trend in median home values, rising from $62,800 in 2015 to $95,600 in 2022. While the county's growth is appreciable, it significantly lags behind both Georgia's state median value, which escalated to $245,900, and the national median value, which climbed to $179,400 during the same period. This could make Bacon County an appealing option for those seeking more affordable housing opportunities, although the growth indicates a strengthening local market. Such trends might appeal to investors and potential homeowners looking for lower entry costs with potential for appreciation.
Residential Energy Tax Credit Per Tax Return in Bacon County, GA Over the Last 8 Years
Over the past eight years, Bacon County, Georgia has seen an upward trend in the average residential energy tax credit per tax return, peaking at $533.33 in 2021. This increase indicates a growing investment in energy-efficient residential improvements and a greater adoption of sustainable practices. The consistent rise, especially between 2014 and 2015, followed by another jump in recent years, suggests that residents and property investors are increasingly taking advantage of these tax credits, making it an attractive time to invest in or move to Bacon County for those considering the benefits of energy efficiency.
Average Real Estate Taxes Per Tax Return in Bacon County, GA Over the Last 10 Years
Bacon County, Georgia has witnessed some interesting fluctuations in average real estate taxes over the past decade. While starting at approximately $1,754.17 in 2012, the taxes saw a notable peak in 2015, reaching around $2,954.05. The trend continued upwards, hitting over $3,180.00 in 2020 before slightly dropping to $2,880.00 in 2021. This volatility could provide compelling insights for potential investors or residents, indicating possible shifts in local property valuations or tax policies.
Percentage of Farm Returns in Bacon County, GA Over the Last 10 Years
Bacon County, Georgia showcases a stable yet slightly fluctuating trend in farm tax returns over the past decade. The percentage hovered around the 10% mark, with minor dips and peaks, reaching 11.21% in 2019 and slightly lower at 10.05% in 2016. Farm tax returns offer insights into the agricultural health and economic contribution of farms in an area, which can be crucial for potential investors, developers, and residents. This steady trend suggests consistent agricultural activity, making Bacon County potentially reliable for agribusiness ventures and sustained rural development.
Number of Mortgages by Occupancy Type in Bacon County, GA Over the Last 5 Years in Bacon County
Over the past five years in Bacon County, Georgia, there's been a noticeable upward and then slight declining trend in principal residence mortgages, peaking in 2021. Investment property mortgages showed a smaller, fluctuating pattern, while second residence mortgages remained consistently low. Variations in these occupancy types can impact neighborhood stability, property values, and insurance risks. A stronger demand for principal residences may signify a growing population and vibrant local economy, whereas changes in investment properties could be linked to rental market dynamics and potential speculation. For stakeholders, these shifts inform market strategies, risk assessments, and development planning.
Economic Outlook
Bacon County, Georgia has experienced a notable rise in average taxable income per tax return over recent years, jumping from $36,193.54 in 2013 to $48,099.07 by 2021. Despite minor yearly fluctuations, this suggests an improving local economy. Concurrently, average state and local income taxes per tax return surged, peaking at $7,080.95 in 2019 but setting at $6,088.89 in 2021, reflecting economic shifts that influenced taxable income. The consistent increase in average total tax liability,... Read more
Average Taxable Income per Tax Return in Bacon County, GA over the last 9 years
Bacon County, Georgia has shown a gradual increase in average taxable income per tax return over the past nine years. Starting at $36,193.54 in 2013, it rose to $48,099.07 by 2021. This upward trend suggests a potentially improving local economy, which could make Bacon County a more attractive option for investors and those considering relocating or building property in the area. However, the year-to-year variations, including a slight drop in 2019, underscore the importance of cautious optimism when forecasting future financial prospects.
Average State and Local Income Taxes Per Tax Return in Bacon County, GA Over the Last 10 Years
Over the past decade, Bacon County, Georgia has seen a significant increase in average state and local income taxes per tax return. Starting from $4,176.54 in 2012, the amount peaked at $7,080.95 in 2019 before slightly declining to $6,088.89 in 2021. The substantial jump in 2018 and 2019 likely reflects economic changes that impacted taxable income. These trends highlight a growing tax burden, making it a critical consideration for potential investors and residents evaluating the cost of living and the financial landscape in Bacon County.
Average Total Tax Liability Per Tax Return in Bacon County, GA Over the Last 10 Years
Over the past decade, Bacon County, Georgia has seen a consistent increase in the average total tax liability per tax return, rising from $5,031.54 in 2012 to $6,438.36 in 2021. This steady uptick indicates robust economic growth and increasing income levels in the area. For potential investors and residents, the climbing tax liability suggests a growing economic base, potentially translating to better public services and infrastructure. Real estate developers and businesses may interpret this trend as a signal of a prosperous and appealing market.
Cost of Living in Bacon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $969 | $1,303 | $1,425 | $1,048 | $874 |
| 1 adult 4 children | $969 | $1,064 | $1,087 | $1,048 | $917 |
| 2 adults 3 children | $969 | $1,064 | $1,237 | $1,048 | $712 |
| 1 adult 3 children | $969 | $869 | $899 | $1,048 | $728 |
| 2 adults 2 children | $772 | $871 | $1,050 | $908 | $648 |
| 1 adult 2 children | $772 | $651 | $712 | $908 | $582 |
| 2 adults 1 child | $772 | $689 | $863 | $454 | $635 |
| 1 adult 1 child | $772 | $445 | $525 | $454 | $548 |
| 2 adults | $684 | $553 | $676 | $0 | $594 |
| 1 adult | $516 | $302 | $338 | $0 | $491 |
Safety trends & Data
Bacon County, Georgia, has seen a significant drop in burglary incidents from 9 in 2018 to 2 in 2022, while larceny-theft numbers peaked at 26 in 2018 and dropped to 7 in 2022. Though vandalism reports remained fairly steady, the overall decline in property crimes could attract investors and new residents seeking a safer community. This downward trend is pertinent for real estate agents, appraisers, and insurance agents assessing risk and property... Read more
Property Crime Trends in Bacon County, GA Over the Last 5 Years
The property crime trend in Bacon County, Georgia, shows a notable decrease in burglary incidents from 9 in 2018 to 2 in 2022. Meanwhile, larceny-theft fluctuated significantly, peaking at 26 in 2018 before dropping to 7 in 2022. Vandalism incidents remained relatively stable, albeit with minor fluctuations. The data suggests a general decline in property crimes, which could make the county potentially appealing for investors and new residents seeking a safer community. This trend is also relevant for real estate agents, appraisers, and insurance agents who might be assessing the area's risk and property values.
Demographics
Bacon County, Georgia's demographic landscape paints a rich picture of diversity and educational attainment. Although the county has a slightly higher number of females than males, both genders show a varied range in educational achievement, with high school graduates and those with some college education representing a significant portion. Age-wise, the county is relatively young, but there's a notable presence of older adults, with a gradual decline in numbers from ages 10 and up. The... Read more
Race Distribution in Bacon County, Georgia (2022)
Educational Attainment in Bacon County, Georgia (2022)
Age Distribution in Bacon County, Georgia
Citizen Population in Bacon County, Georgia (2022)
Political Trends & Data
Bacon County, Georgia, showed significant Republican support in the 2020 U.S. Presidential Election, with the party potentially securing over 86% of the vote. Democrats might have attracted around 13%, and Libertarians possibly captured slightly more than 0.5%. This GOP dominance could shape future political and economic policies in the area, affecting everything from property taxes to local development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bacon County, Georgia, leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans possibly securing over 86% of the vote. Democrats may have garnered around 13%, with the Libertarians potentially capturing just a little over 0.5%. This distribution suggests a strong Republican presence in the area, which could influence future local and state political decisions.
86.08% of voters voted for the Republican party in the 2020 Presidential Election
13.39% of voters voted for the Democrat party in the 2020 Presidential Election
0.54% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Bacon County, Georgia's student-to-teacher ratio has seen a notable drop from around 16 in 2014 to just over 13 in 2023, which could mean more individualized attention and potentially better academic outcomes. This shift might attract families prioritizing education quality, possibly boosting demand in the real estate market. Real estate agents and developers might market this appealing factor, while appraisers and insurers might see a correlation with higher property values due to the... Read more
Student-to-teacher ratio in Bacon County, Georgia over the last 10 years
Bacon County, Georgia has experienced a notable decrease in its student-to-teacher ratio over the last decade, dropping from around 16 students per teacher in 2014 to just over 13 in 2023. This trend suggests more individualized attention for students, potentially boosting academic performance and satisfaction among students and parents alike. For those considering investments or relocations, the lower ratio may hint at a higher quality of education compared to the national average of 14 students per teacher. Real estate agents and property developers might find this appealing for marketing. On the flip side, appraisers and insurance agents might consider this trend when valuing properties, as quality education often correlates with higher property values.
