Gilmer County Real Estate and Livability Trends
Gilmer County, Georgia has seen a significant rise in property values, with the median value of occupied housing units jumping from $139,600 in 2015 to $259,700 in 2022, likely outpacing state and national averages. Rising real estate taxes, up from $2,014.55 per tax return in 2012 to $3,628.57 in 2021, may hint at appreciating property values or possible tax rate changes. Increased residential... Read more
Gilmer County Market Trends
Gilmer County, Georgia has demonstrated strong appreciation in the median value of occupied housing units, rising from $139,600 in 2015 to $259,700 in 2022, outpacing both the state and national averages. The significant uptick in residential energy tax credits from $300.00 in 2013 to $1,446.15 in 2021 underscores a growing focus on energy efficiency, possibly attracting eco-conscious buyers.... Read more
Median Value of Occupied Housing Units in Gilmer County, Georgia Over the Last 8 Years
Over the past eight years, the median value of occupied housing units in Gilmer County, Georgia, has grown from $139,600 in 2015 to $259,700 in 2022, reflecting a potential strong appreciation rate. Comparatively, the statewide median value in Georgia went from $148,100 to $245,900 in the same period, and the national median value only rose from $125,500 to $179,400. The sharper increase in median home values in Gilmer County could suggest a higher demand for properties, making it a potentially enticing area for investors and homebuyers alike.
Residential Energy Tax Credit Per Tax Return in Gilmer County, GA Over the Last 8 Years
Gilmer County, Georgia, has seen a considerable upward trend in residential energy tax credits over the past eight years. Starting at $300.00 in 2013, there was a significant jump to $1,446.15 by 2021. This increase highlights the county's commitment to promoting energy efficiency and sustainability, making it an attractive spot for eco-conscious investors and new residents looking for long-term savings on energy costs. The consistent rise, especially the sharp incline from 2017 onwards, could signal an increase in local property values and development opportunities centered around green technologies.
Average Real Estate Taxes Per Tax Return in Gilmer County, GA Over the Last 10 Years
Gilmer County, Georgia has seen a consistent rise in average real estate taxes per tax return over the past decade. From $2,014.55 in 2012 to $3,628.57 in 2021, the increase suggests a trend of escalating property values or tax rates. This information might be useful for potential investors, new residents, or property developers trying to gauge long-term costs and economic growth in the area. The spike between 2017 and 2018, and the continued climb through 2021, could indicate both an increased demand for property and possibly an economy that's surging in upward growth.
Percentage of Farm Returns in Gilmer County, GA Over the Last 10 Years
In Gilmer County, Georgia, the percentage of farm tax returns has seen a slight ebb and flow over the last ten years. Starting at approximately 2.24% in 2012, the trend has shown minor fluctuations but overall has experienced a gentle decline, reaching about 1.81% in 2021. Farm tax returns, a subset of income tax returns, are filed by farm owners and operators to claim deductions and credits pertinent to agricultural activities. These shifts may suggest subtle changes in the county’s agricultural economic landscape, which could be insightful for potential investors, property developers, and residents who are closely monitoring the county's farming viability and economic stability.
Number of Mortgages by Occupancy Type in Gilmer County, GA Over the Last 5 Years in Gilmer County
Gilmer County, Georgia has shown fluctuating mortgage activities over the last five years, with a notable uptick in principal residence mortgages especially in 2020 and 2021, likely driven by broader housing market trends. The significant presence of second residences, which peaked in 2021, suggests the area could be attractive for vacation homes or part-time domiciles. Investment property mortgages, although relatively lower in number, have seen a steady increase, hinting at emerging interest from property investors. These occupancy dynamics matter as they can influence market stability, property value perceptions, and insurance risk assessments, which are crucial for stakeholders such as investors, appraisers, real estate agents, and residents considering property transactions in the area.
Economic Outlook
The average taxable income per tax return in Gilmer County, Georgia has climbed from about $43,079.90 in 2013 to $68,152.64 in 2021, which may suggest a robust economic improvement that's intriguing for investors and potential new residents. Coupled with this, average state and local income taxes per tax return have surged from $4,588.94 in 2012 to $10,170.27 in 2021, potentially indicating economic growth or alterations in tax policies. Furthermore, the average total tax liability has also... Read more
Average Taxable Income per Tax Return in Gilmer County, GA over the last 9 years
Investors and potential residents eyeing Gilmer County, Georgia might find the upward trend in average taxable income per tax return notable. From 2013 to 2021, there's been a general increase from about $43,079.90 to $68,152.64. This potential growth in income suggests a steady economic improvement, which could be appealing for those looking to build or move. The most significant jump appears between 2020 and 2021, with an increase of about $9,778.19, signaling possibly accelerating economic prosperity or population growth contributing to higher earnings.
Average State and Local Income Taxes Per Tax Return in Gilmer County, GA Over the Last 10 Years
Over the past decade, Gilmer County, Georgia has experienced a steep rise in average state and local income taxes per tax return, jumping from $4,588.94 in 2012 to $10,170.27 in 2021. This trend highlights a significant increase in tax burden on residents, suggesting economic growth or changes in tax policy. Investors, potential residents, and property developers should note the marked uptick, which could reflect higher public service investments or a burgeoning local economy.
Average Total Tax Liability Per Tax Return in Gilmer County, GA Over the Last 10 Years
Gilmer County, Georgia has seen a steady rise in average total tax liability per tax return over the last decade, jumping from around $6,150.32 in 2012 to $10,482.40 by 2021. This significant increase underscores a broader trend of rising financial commitments for residents, potentially driven by economic growth, property value appreciation, or changes in tax policy. Investors, prospective homebuyers, and current residents should take note of this upward trajectory as it reflects the evolving fiscal landscape of the county.
Cost of Living in Gilmer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,130 | $1,335 | $1,496 | $1,048 | $983 |
| 1 adult 4 children | $1,130 | $1,090 | $1,142 | $1,048 | $1,080 |
| 2 adults 3 children | $1,130 | $1,091 | $1,299 | $1,048 | $823 |
| 1 adult 3 children | $1,130 | $890 | $945 | $1,048 | $839 |
| 2 adults 2 children | $860 | $893 | $1,102 | $908 | $705 |
| 1 adult 2 children | $860 | $667 | $748 | $908 | $639 |
| 2 adults 1 child | $860 | $706 | $905 | $454 | $686 |
| 1 adult 1 child | $860 | $456 | $551 | $454 | $590 |
| 2 adults | $653 | $567 | $708 | $0 | $596 |
| 1 adult | $575 | $309 | $354 | $0 | $513 |
Safety trends & Data
Gilmer County, Georgia has experienced a substantial decrease in larceny-theft, dropping from 79.00 cases in 2018 to 29.00 in 2022. Vandalism shows a less consistent pattern, peaking at 30.00 cases in 2022 after a low of 18.00 in 2020. Motor vehicle theft remains relatively stable with no clear pattern. These changes in property crime rates may influence home insurance premiums, property values, and investment choices in the... Read more
Property Crime Trends in Gilmer County, GA Over the Last 5 Years
Gilmer County, Georgia has seen a noticeable drop in larceny-theft, from 79.00 reported cases in 2018 to 29.00 in 2022. However, vandalism incidents have somewhat fluctuated, spiking to 30.00 in 2022 after a dip to 18.00 in 2020. Motor vehicle theft displays no clear trend but stays relatively low. These shifts in property crime rates could impact home insurance premiums, property valuations, and investment decisions.
Demographics
Gilmer County, Georgia exhibits a slightly higher female adult population than male, which might influence services focused on gender-specific needs. The largest group boasts a high school diploma, suggesting limited local opportunities for higher education might exist or that residents pursue careers not requiring advanced degrees. Significant proportions of the population are either approaching retirement age or already retired; this signals possible demand for senior services. The... Read more
Race Distribution in Gilmer County, Georgia (2022)
Educational Attainment in Gilmer County, Georgia (2022)
Age Distribution in Gilmer County, Georgia
Citizen Population in Gilmer County, Georgia (2022)
Political Trends & Data
In Gilmer County, Georgia, the 2020 U.S. Presidential Election revealed a pronounced Republican preference, with about 81% of the votes. Democrats received roughly 18%, and Libertarians less than 1%. This voting pattern could indicate a community with conservative values and priorities, which might influence local policies and development trends. For real estate investors, understanding the political landscape may offer insights into community preferences and future market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Gilmer County, Georgia, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, receiving approximately 81% of the votes. Democrats garnered around 18%, while Libertarians managed just under 1%. The voting pattern suggests a strong Republican preference, potentially reflecting the county's political landscape and voter priorities. This could imply a community that aligns more with conservative values and policies.
81.26% of voters voted for the Republican party in the 2020 Presidential Election
17.74% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Gilmer County, Georgia's student-to-teacher ratio has decreased from 16 in 2014 to around 15 recently, signaling better classroom focus and possibly improved educational outcomes. This trend, despite being slightly above the national average of 14, could appeal to families considering a move. For real estate agents and investors, it's a promising indicator of local school quality, potentially boosting the area's attractiveness to buyers. Property developers might leverage this improvement when... Read more
Student-to-teacher ratio in Gilmer County, Georgia over the last 10 years
Gilmer County, Georgia has seen a steady decrease in the student-to-teacher ratio over the past decade, dropping from 16 in 2014 to roughly 15 in recent years, with a notable dip to nearly 15 in 2020 and again in 2023. While still slightly above the current national average of 14 students per teacher, this downward trend suggests improved classroom focus and potentially better educational outcomes, which could be beneficial for families considering relocation. For real estate agents and investors, this indicates a positive shift in the quality of local schools, making the area more attractive to prospective buyers. House builders and property developers might also see this as a leverage point when marketing new homes.
