Burke County Real Estate and Livability Trends
Burke County, Georgia has shown economic indicators that suggest potential for real estate investment. The average home value, while rising from $81,000 in 2015 to $98,300 in 2022, remains affordable compared to broader trends. Tax dynamics, like the jump in residential energy tax credits to $1,411.11 in 2018, highlight a push for energy-efficient homes, which might appeal to forward-thinking... Read more
Burke County Market Trends
The median home value in Burke County, Georgia has seen a modest increase over eight years, from $81,000 in 2015 to $98,300 in 2022, offering a potentially more affordable entry point for new homeowners or investors compared to state and national trends. With residential energy tax credits jumping from $412.50 in 2013 to $1,411.11 in 2018, there's a clear push for energy-efficient home... Read more
Median Value of Occupied Housing Units in Burke County, Georgia Over the Last 8 Years
Over the past eight years, the median home value in Burke County, Georgia has shown a gradual increase from $81,000 in 2015 to $98,300 in 2022. This is still quite modest compared to the broader market trends; Georgia's median home values have surged more significantly, from $148,100 to $245,900 in the same period. Nationally, the increase has also been more pronounced, jumping from $125,500 to $179,400. This relatively lower home value trend in Burke County might offer a more affordable entry point for new homeowners or investors compared to state and national levels.
Residential Energy Tax Credit Per Tax Return in Burke County, GA Over the Last 9 Years
Investors and residents in Burke County, Georgia should note the significant uptick in average residential energy tax credits over the past nine years. Starting at $412.50 in 2013 and peaking at $1,411.11 in 2018, there's been a clear trend towards increased financial incentives for energy-efficient home investments. Even with some fluctuations, the overall rise suggests growing state support for green energy initiatives, making it an attractive consideration for eco-conscious homeowners and developers looking to capitalize on these credits.
Average Real Estate Taxes Per Tax Return in Burke County, GA Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Burke County, Georgia have shown noticeable shifts. In 2012, the average was $2,108.70 and it saw a dip to $1,681.40 in 2015, likely reflecting changes in property values or tax rates. However, post-2017 there has been a steady rise, hitting $2,512.73 in 2021. These fluctuations may be indicative of economic conditions and local government decisions, crucial information for potential investors or residents evaluating the area's financial landscape.
Percentage of Farm Returns in Burke County, GA Over the Last 10 Years
Over the last decade, Burke County, Georgia has seen a fluctuating but generally steady percentage of farm tax returns. The percentage started at 3.92% in 2012, peaked at 4.40% in 2017, and settled around 4.14% in 2021. Farm tax returns indicate the health of the agricultural sector, which is crucial for investors, property developers, and residents interested in the local economy. These returns provide insights into the profitability and viability of farming in the area, suggesting whether the agricultural landscape is thriving or facing challenges. For those looking to invest or build in this locale, understanding the trends in farm tax returns can help gauge economic opportunities and the stability of the farming community.
Number of Mortgages by Occupancy Type in Burke County, GA Over the Last 5 Years in Burke County
In Burke County, Georgia, the trend in mortgage counts over the past five years shows a noticeable dominance of principal residence mortgages, particularly during 2020 and 2021. Investment property mortgages significantly declined in 2020 and have remained low, while second residence mortgages have consistently been minimal. Changes in the types of occupancy for mortgages can indicate shifts in the local real estate market dynamics—for instance, a decrease in investment property mortgages might suggest reduced investor interest or potential regulatory changes, influencing how appealing the area is for different types of buyers. This information is crucial for investors, builders, real estate agents, and insurers to understand the evolving landscape and strategically plan their activities or policies.
Economic Outlook
Burke County, Georgia has seen a steady increase in average taxable income per tax return over nine years, jumping from $38,695.89 in 2013 to $54,333.07 in 2021. This increase signals possible economic growth and prosperity, making it potentially attractive for investment and real estate development. However, state and local income taxes have also risen, starting at $4,321.50 in 2012 and peaking at $5,771.62 in 2019 before dipping slightly to $4,884.44 in 2021. Additionally, average total tax... Read more
Average Taxable Income per Tax Return in Burke County, GA over the last 9 years
Burke County, Georgia has seen a steady increase in average taxable income per tax return over the past nine years, rising from $38,695.89 in 2013 to $54,333.07 in 2021. This consistent upward trend could signal economic growth and increasing prosperity in the region, potentially making it an attractive location for investment, relocation, or real estate development. The notable growth in 2020 and 2021, with average incomes reaching over $50,000, may indicate resilience and economic stability even during challenging periods.
Average State and Local Income Taxes Per Tax Return in Burke County, GA Over the Last 10 Years
Over the last decade, Burke County, Georgia has experienced a noticeable rise in state and local income taxes per tax return. Starting at $4,321.50 in 2012, the taxes witnessed a steady increase, peaking at $5,771.62 in 2019. Although there was a slight dip to $5,706.58 in 2020 and a more significant drop to $4,884.44 in 2021, the overall trend highlights a growing financial burden for residents. For investors and potential homeowners, this upward trajectory in taxes is crucial for financial planning and forecasting long-term costs associated with living or operating in Burke County.
Average Total Tax Liability Per Tax Return in Burke County, GA Over the Last 10 Years
Average total tax liability per tax return in Burke County, Georgia has shown a steady increase over the past decade, with values rising from $6,057.22 in 2012 to $7,937.39 in 2021. Notable spikes occurred around 2015 and 2017, with a significant jump in 2020 to $8,116.05. This trend indicates a growing tax burden which can impact the financial planning of current and prospective residents, as well as influence property investment decisions in the area.
Cost of Living in Burke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,040 | $1,239 | $1,875 | $1,074 | $1,051 |
| 1 adult 4 children | $1,040 | $1,012 | $1,433 | $1,074 | $1,135 |
| 2 adults 3 children | $1,040 | $1,012 | $1,627 | $1,074 | $868 |
| 1 adult 3 children | $1,040 | $826 | $1,185 | $1,074 | $910 |
| 2 adults 2 children | $772 | $828 | $1,379 | $935 | $763 |
| 1 adult 2 children | $772 | $619 | $937 | $935 | $665 |
| 2 adults 1 child | $772 | $655 | $1,131 | $481 | $714 |
| 1 adult 1 child | $772 | $423 | $689 | $481 | $600 |
| 2 adults | $676 | $526 | $883 | $0 | $643 |
| 1 adult | $570 | $287 | $442 | $0 | $531 |
Safety trends & Data
Property crime in Burke County, Georgia may be on a decline, with larceny-theft cases dropping from 65 in 2019 to just 20 by 2022. Burglary cases spiked to 11 in 2020 but fell to 2 by 2022. Motor vehicle thefts were highest in 2020 but otherwise stayed relatively low. Vandalism incidents decreased from 14 in 2018 to 3 in 2022. These trends could signal improved security or changing socioeconomic conditions, relevant for investors, property developers, and residents eyeing long-term safety and... Read more
Property Crime Trends in Burke County, GA Over the Last 5 Years
Property crime in Burke County, Georgia has generally been on a decline over the last five years. Larceny-theft, the most common crime, peaked at 65 cases in 2019 but significantly dropped to 20 cases by 2022. Burglary saw a notable increase in 2020 with 11 cases but decreased to just 2 in 2022. Motor vehicle thefts were highest in 2020 but remained low in other years. Vandalism incidents also decreased from 14 in 2018 to 3 in 2022. These trends could indicate improving security or socioeconomic factors affecting crime rates, significant for potential investors, property developers, and residents considering the long-term safety and growth of the area.
Demographics
Burke County, Georgia presents an interesting demographic profile. The population is skewed slightly toward females, with educational attainment levels suggesting a large portion achieving at least high school graduation, though a relatively smaller number advance to college degrees. Age distribution appears varied, reflecting a substantial segment of middle-aged adults. Racial diversity is notable with almost equal representation of White and Black or African American... Read more
Race Distribution in Burke County, Georgia (2022)
Educational Attainment in Burke County, Georgia (2022)
Age Distribution in Burke County, Georgia
Citizen Population in Burke County, Georgia (2022)
Political Trends & Data
Burke County, Georgia's 2020 U.S. Presidential Election results might hint at a relatively balanced political landscape. With the Republican party capturing about 50.54% of the votes and the Democratic party securing close to 48.76%, the electorate appears nearly evenly split. The Libertarian party managed only around 0.70%, and no other parties were represented, which could suggest that voters are predominantly aligned with the two main political parties with minimal inclination towards... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Burke County, Georgia, saw the Republican party taking a slight lead in the 2020 U.S. Presidential Election with around 50.54% of the votes. The Democratic party closely followed at approximately 48.76%, while the Libertarian party garnered roughly 0.70%. The absence of Green and other party votes could suggest a relatively polarized electorate, possibly indicating fewer voters seeking alternative options beyond the two major parties.
50.54% of voters voted for the Republican party in the 2020 Presidential Election
48.76% of voters voted for the Democrat party in the 2020 Presidential Election
0.70% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the past decade, Burke County, Georgia has seen a steady decrease in its student-to-teacher ratio, dropping from 14 in 2014 to approximately 13 by 2023. This could indicate improving education quality, as smaller class sizes might allow for more individualized attention. For investors, real estate agents, and families, this trend suggests potential investment in educational infrastructure, making Burke County an attractive option. Additionally, appraisers and insurance agents might view... Read more
Student-to-teacher ratio in Burke County, Georgia over the last 10 years
Over the past decade, Burke County, Georgia has experienced a gradual decrease in its student-to-teacher ratio. Starting from a slightly above national average of 14 students per teacher in 2014 with 14, the ratio has consistently declined, reaching approximately 13 by 2023. This trend might indicate improving education quality, as smaller class sizes can potentially allow for more individualized attention and better support for students. For investors, real estate agents, and those considering moving to the area, a lower student-to-teacher ratio could suggest a community investing in its educational infrastructure, making Burke County a potentially attractive option for families. Additionally, appraisers and insurance agents might see this as a positive indicator when evaluating property values and risk assessments, pointing toward a potentially stable and improving local economy.
