Floyd County Real Estate and Livability Trends
Floyd County, Georgia's improving economic indicators signal a promising environment for financial growth. Average taxable income per tax return jumped from $47,059.35 in 2013 to $64,005.76 in 2021, and real estate values surged from $117,100 in 2015 to $174,000 in 2022. Real estate taxes doubled over the past decade, peaking at $4,289.92 in 2020. Despite fluctuating property crime rates, the... Read more
Floyd County Market Trends
Median home values in Floyd County, Georgia have climbed from $117,100 in 2015 to $174,000 in 2022, outpacing state and national gains. Residential energy tax credits saw significant spikes, particularly peaking at $1,400.00 in 2018, reflecting high investment in energy-efficient improvements. Real estate taxes have also doubled in roughly a decade, peaking at $4,289.92 in 2020, indicating rising... Read more
Median Value of Occupied Housing Units in Floyd County, Georgia Over the Last 8 Years
Median home values in Floyd County, Georgia have shown consistent growth over the past eight years, climbing from $117,100 in 2015 to $174,000 in 2022. This represents a notable rate of increase compared to the state and national averages, which also saw rises but at a potentially slower pace. By contrast, Georgia's median values escalated from $148,100 to $245,900, while national values went from $125,500 to $179,400 in the same period. Such data could be significant for those considering investments or residency in Floyd County, as the area appears to be experiencing robust property value appreciation.
Residential Energy Tax Credit Per Tax Return in Floyd County, GA Over the Last 9 Years
Floyd County, Georgia has seen a notable fluctuation in the average residential energy tax credit per tax return over the past nine years. Starting at $280.00 in 2013, the credit peaked significantly in 2018 at $1,400.00 before settling at $846.51 in 2021. This trend suggests periods of increased investment in energy-efficient home improvements, with a major outlier in 2018 indicating possible policy changes or heightened awareness. It's an interesting market for those looking to invest in sustainable properties, as the incentives and support for energy efficiency appear strong and variable.
Average Real Estate Taxes Per Tax Return in Floyd County, GA Over the Last 10 Years
Floyd County, Georgia has seen a marked increase in average real estate taxes per tax return over the past decade. Starting at $2,370.35 in 2012, taxes have roughly doubled, peaking at $4,289.92 in 2020 before slightly dipping to $4,245.96 in 2021. This upward trend may signal rising property values and could impact prospective investors, residents, and property developers considering the area.
Percentage of Farm Returns in Floyd County, GA Over the Last 10 Years
Over the past decade, the percentage of farm returns in Floyd County, Georgia has fluctuated slightly, with a high of around 1.57% in 2013 and a low of roughly 1.36% in 2021. Farm tax returns are filings made by farm owners that often reflect the economic viability and land use in the area. These subtle shifts might suggest a marginal yet noticeable decline in farm-related economic activity, impacting investment and development decisions. For prospective investors or residents, the trends might hint at a slowly transforming agricultural landscape, potentially affecting land value, local economy, and future growth opportunities.
Number of Mortgages by Occupancy Type in Floyd County, GA Over the Last 5 Years in Floyd County
Over the last five years in Floyd County, Georgia, there has been a noticeable increase in the number of mortgages for principal residences, with a peak in 2021 at 5,455. Investment properties have remained relatively stable, hovering around 300 mortgages annually, while second residences have seen minor fluctuations, never exceeding 64 in any given year. Understanding these trends is crucial for investors and real estate agents as it indicates a strong demand for primary homes, potentially driving up property values, while the stable investment property market might suggest consistent rental demand. Appraisers and insurance agents might also find this data useful for assessing risk and setting premiums, given the county's focus on principal residences.
Economic Outlook
Floyd County, Georgia has experienced a steady increase in the average taxable income per tax return, climbing from approximately $47,059.35 in 2013 to around $64,005.76 in 2021. State and local income taxes have also surged, with a significant jump from $6,270.58 in 2017 to $10,923.69 in 2021, indicating heightened economic activity and possibly improved living standards. Concurrently, the region's average total tax liability per tax return rose from $7,477.86 in 2012 to $9,870.26 by 2021.... Read more
Average Taxable Income per Tax Return in Floyd County, GA over the last 9 years
Average taxable income per tax return in Floyd County, Georgia has shown a consistent upward trend over the past nine years, rising from approximately $47,059.35 in 2013 to around $64,005.76 in 2021. Despite minor fluctuations, the overall growth trajectory suggests a gradually increasing economic strength, which could potentially make Floyd County an appealing option for investors, future residents, and property developers seeking steady financial growth in the region.
Average State and Local Income Taxes Per Tax Return in Floyd County, GA Over the Last 10 Years
Floyd County, Georgia has seen a notable increase in average state and local income taxes per tax return over the past decade, particularly from 2015 onward. Between 2012 and 2017, taxes rose steadily from $4,940.79 to $6,270.58 but saw a sharp uptick in 2018 to $9,584.25, peaking at $10,923.69 in 2021. This consistent rise, especially the significant jumps in recent years, signals growing economic activities and possibly higher living standards, impacting cost of living and potential investment opportunities in the area.
Average Total Tax Liability Per Tax Return in Floyd County, GA Over the Last 10 Years
Over the past decade, Floyd County, Georgia has seen a significant increase in average total tax liability per tax return, starting at $7,477.86 in 2012 and rising steadily to $9,870.26 by 2021. Noteworthy spikes occurred in 2015 and 2019, indicating potential economic growth or changes in tax policy during these years. This uptick reflects increasing economic activity and potentially rising incomes, making the region an interesting prospect for investors and those considering relocating.
Cost of Living in Floyd County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,254 | $1,404 | $1,533 | $1,313 | $1,132 |
| 1 adult 4 children | $1,254 | $1,146 | $1,169 | $1,313 | $1,240 |
| 2 adults 3 children | $1,254 | $1,147 | $1,332 | $1,313 | $936 |
| 1 adult 3 children | $1,254 | $936 | $968 | $1,313 | $1,027 |
| 2 adults 2 children | $962 | $939 | $1,130 | $1,148 | $818 |
| 1 adult 2 children | $962 | $701 | $767 | $1,148 | $752 |
| 2 adults 1 child | $962 | $742 | $929 | $614 | $756 |
| 1 adult 1 child | $962 | $479 | $565 | $614 | $653 |
| 2 adults | $731 | $596 | $728 | $0 | $612 |
| 1 adult | $726 | $325 | $364 | $0 | $551 |
Safety trends & Data
Floyd County, Georgia has seen fluctuating property crime rates over the last five years, with larceny-theft consistently being the most prevalent offense, spiking from 59 arrests in 2019 to 236 in 2022. Burglary and vandalism also show variability; burglaries, for instance, saw a remarkable drop from 78 in 2018 to just 10 by 2021. These crime trends could offer valuable insights for potential investors, appraisers, and residents interested in understanding the area's safety landscape and its... Read more
Property Crime Trends in Floyd County, GA Over the Last 5 Years
Over the last five years, Floyd County, Georgia has experienced fluctuating property crime rates, with larceny-theft consistently being the most prevalent offense. From a low of 59 arrests in 2019, larceny-theft incidents spiked to 236 in 2022, suggesting a potentially growing trend that stakeholders might find concerning. Burglary and vandalism also show variable patterns, though both saw significant drops in certain years; burglaries decreased from 78 in 2018 to 10 by 2021 while vandalism also saw scattered changes. These trends can offer critical insights for potential investors, appraisers, and residents looking to understand the local safety landscape and its implications on property values and insurance premiums.
Demographics
Floyd County, Georgia has a slight majority of females over males in its adult population, indicating potential social service and healthcare considerations. The educational landscape reveals a large segment of the population with at least a high school diploma, though advanced degrees remain less common, hinting at workforce dynamics and economic opportunities. The age distribution is relatively balanced, with notable proportions in young and middle-aged groups, suggesting diversified... Read more
Race Distribution in Floyd County, Georgia (2022)
Educational Attainment in Floyd County, Georgia (2022)
Age Distribution in Floyd County, Georgia
Citizen Population in Floyd County, Georgia (2022)
Political Trends & Data
Floyd County, Georgia, exhibited a marked preference for Republican candidates in the 2020 U.S. Presidential Election, with around 70% of votes tilting that way. The Democratic party likely garnered close to 29%, and the Libertarians trailed at roughly 1%. This voting pattern could provide valuable insights into the county's political climate and voter priorities, potentially influencing everything from local policy to real estate investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Floyd County, Georgia, saw a notable lean towards the Republican party in the 2020 U.S. Presidential Election, with approximately 70% of the votes. The Democratic party likely secured close to 29%, while the Libertarian party captured just about 1%. The data reveals trends that might be important for understanding the political landscape and voter behavior in this area.
69.93% of voters voted for the Republican party in the 2020 Presidential Election
28.83% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Floyd County, Georgia, the student-to-teacher ratio has declined from fifteen in 2014 to around fourteen in 2023. This downward trend could interest investors, families, and real estate agents, since a lower ratio is often linked to more individualized attention and better educational outcomes. With the national average also at fourteen, Floyd County's figures suggest a competitive edge for families prioritizing education, which could influence property values and insurance... Read more
Student-to-teacher ratio in Floyd County, Georgia over the last 10 years
In Floyd County, Georgia, the student-to-teacher ratio has generally trended downward over the past decade, decreasing from approximately fifteen students per teacher in 2014 to around fourteen in 2023. This is noteworthy for potential investors, families considering a move, and real estate agents, as lower student-to-teacher ratios are typically associated with more individualized attention and potentially higher educational outcomes. Compared to the national average of fourteen students per teacher, Floyd County's current ratio suggests a more favorable student-to-teacher dynamic, which could be appealing for families prioritizing education. For appraisers and insurance agents, these trends might indicate shifts in the desirability of the area, potentially impacting property values and policy assessments.
