Hall County Real Estate and Livability Trends
Hall County, Georgia's real estate market has witnessed dramatic growth over recent years, with median home values soaring from $159,700 in 2015 to $277,900 in 2022. This surge surpasses both state and national averages, reflecting a robust housing market that could appeal to investors. Concurrently, rising real estate taxes and an uptick in state and local income taxes suggest increasing... Read more
Hall County Market Trends
Hall County, Georgia has experienced remarkable growth in median home values, jumping from $159,700 in 2015 to $277,900 in 2022, outpacing both state and national figures. The average residential energy tax credit per tax return has seen wide fluctuations, peaking at $1,515.79 in 2018, which suggests a variable landscape for energy investments. Real estate taxes have also risen significantly,... Read more
Median Value of Occupied Housing Units in Hall County, Georgia Over the Last 8 Years
Over the last eight years, Hall County, Georgia has seen a significant increase in median home values, rising from $159,700 in 2015 to $277,900 in 2022. This growth outpaces both the state of Georgia and national trends, with Georgia's median home value increasing to $245,900 and the national figure reaching $179,400 in 2022. Investors and potential homeowners might find Hall County particularly attractive given its faster appreciation rate, suggesting strong demand and potential for robust return on investment.
Residential Energy Tax Credit Per Tax Return in Hall County, GA Over the Last 9 Years
Over the past nine years in Hall County, Georgia, the average residential energy tax credit per tax return has seen significant fluctuations. Starting at $334.29 in 2013, it peaked dramatically in 2018 at $1,515.79 before dipping and then rising again to $1,220.62 by 2021. This volatility highlights the changing landscape of energy investments in the area, and for potential homeowners or investors, it underscores the importance of staying informed about state and local incentives for energy efficiency. Those looking to capitalize on these tax credits should pay close attention to these trends.
Average Real Estate Taxes Per Tax Return in Hall County, GA Over the Last 10 Years
Over the past decade, Hall County, Georgia has seen a notable increase in average real estate taxes per tax return, jumping from just over $2,500.00 in 2012 to approximately $4,650.00 by 2021. This upward trend might indicate rising property values and burgeoning development in the area, making it an appealing consideration for property investors and developers. For potential residents, it’s important to keep in mind that while property values may be increasing, so too are the associated tax obligations.
Percentage of Farm Returns in Hall County, GA Over the Last 10 Years
Farm tax returns in Hall County, Georgia, have shown a slight overall downward trend over the last decade, with percentages hovering around 0.75% in the early years and declining to around 0.62% by 2021. These returns likely indicate the profitability and economic viability of farming within the county, making it a potential concern for those looking to invest in agricultural ventures. For prospective property buyers or investors, these numbers might suggest a slowly diminishing agricultural sector, possibly opening up opportunities for diversification or alternative land uses.
Number of Mortgages by Occupancy Type in Hall County, GA Over the Last 5 Years in Hall County
Over the last 5 years in Hall County, Georgia, there's been a noticeable fluctuation in the number of mortgages taken out for different occupancy types. Principal residences consistently dominate the market, peaking at over 17,000 in 2020 and 2021, though they saw a significant drop to around 10,894 in 2022. Investment properties and second residences have had more modest numbers, with investment properties ranging from 449 to 757 annually, and second residences hitting a high of 399 in 2021 before falling to 158 in 2022. These shifts could indicate changing economic conditions or lifestyle preferences, which may impact decisions on property investments, appraisals, and insurance in the area. For investors and real estate agents, it's crucial to track these trends, as they reveal insights into occupancy demands and potential shifts in the housing market landscape.
Economic Outlook
Hall County, Georgia has seen significant economic growth over the past decade, with average taxable income per tax return rising from $50,991.45 in 2013 to $81,364.30 in 2021. This growth is paired with an increase in state and local income taxes, which reached $11,507.72 in 2021, suggesting a robust local economy. The percentage of residents living under the poverty line has also decreased dramatically, from 21.1% in 2013 to 10.5% in 2022. These factors combined imply an improving quality of... Read more
Average Taxable Income per Tax Return in Hall County, GA over the last 9 years
Hall County, Georgia has seen a notable upward trend in average taxable income per tax return over the past nine years, rising from $50,991.45 in 2013 to $81,364.30 in 2021. This steady increase, particularly the sharp jump in 2021, could suggest a growing economic base and potential opportunities for investors and property developers. It's an indicator that the area might be experiencing economic growth, employment opportunities, or other positive developments that enhance resident wealth. However, this pattern also implies that living costs and taxes may be rising, which is something potential residents and business owners should consider.
Average State and Local Income Taxes Per Tax Return in Hall County, GA Over the Last 10 Years
Over the past decade, Hall County, Georgia has seen a substantial increase in average state and local income taxes per tax return, climbing from $4,991.25 in 2012 to $11,507.72 in 2021. This sharp rise, particularly striking from 2017 onwards, underscores significant economic growth and higher income levels in the region. For investors and potential residents, this trend signifies a robust local economy but also a higher tax burden to consider.
Average Total Tax Liability Per Tax Return in Hall County, GA Over the Last 10 Years
Over the past decade, Hall County, Georgia has seen a significant increase in average total tax liability per tax return, jumping from $8,754.43 in 2012 to $13,961.67 in 2021. This steady rise, particularly noticeable after 2017, reflects growing economic activity and potentially higher incomes in the area. For investors and those considering moving, this trend suggests a thriving local economy, yet it's critical to weigh these higher tax obligations against the county’s expanding opportunities.
Cost of Living in Hall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,521 | $1,504 | $1,473 | $1,736 | $1,502 |
| 1 adult 4 children | $1,521 | $1,228 | $1,123 | $1,736 | $1,655 |
| 2 adults 3 children | $1,521 | $1,229 | $1,280 | $1,736 | $1,286 |
| 1 adult 3 children | $1,521 | $1,003 | $930 | $1,736 | $1,440 |
| 2 adults 2 children | $1,200 | $1,006 | $1,087 | $1,522 | $1,056 |
| 1 adult 2 children | $1,200 | $751 | $737 | $1,522 | $1,106 |
| 2 adults 1 child | $1,200 | $795 | $894 | $828 | $961 |
| 1 adult 1 child | $1,200 | $513 | $544 | $828 | $836 |
| 2 adults | $1,062 | $639 | $701 | $0 | $769 |
| 1 adult | $967 | $348 | $350 | $0 | $666 |
Safety trends & Data
Hall County, Georgia, has seen varying trends in property crimes recently. Larceny-theft, the most common issue, peaked with 422 incidents in 2018 but has since declined. Vandalism spiked notably in 2020 and 2021 at 93 and 101 incidents, respectively. Burglary and fraud rates have seen fluctuations, and while motor vehicle theft remains relatively low, it saw a minor increase in 2019. These crime trends matter as they can potentially impact property values and insurance costs, which are crucial... Read more
Property Crime Trends in Hall County, GA Over the Last 5 Years
Hall County, Georgia, has seen fluctuating trends in property crimes over the last five years. Larceny-theft consistently leads as the most common property crime, peaking at 422 incidents in 2018 but decreasing overall. Burglary, vandalism, and fraud rates have also shown variations, with notable spikes in vandalism in 2020 and 2021 (93 and 101 incidents, respectively). Motor vehicle theft remains relatively low but experienced a minor uptick in 2019. These insights could be vital for potential investors, real estate agents, and those planning to move to or already living in the area, as they highlight crime trends that might influence property values and insurance costs.
Demographics
Hall County, Georgia shows a near-equal gender distribution among its adult population, hinting at balanced demographic characteristics. The educational attainment data highlights a significant portion of residents with high school diplomas or some college education, suggesting moderate educational engagement. Meanwhile, the age distribution reveals a substantial number of residents in the prime working age group of 25 to 54 years, implying a potentially robust workforce. The racial composition... Read more
Race Distribution in Hall County, Georgia (2022)
Educational Attainment in Hall County, Georgia (2022)
Age Distribution in Hall County, Georgia
Citizen Population in Hall County, Georgia (2022)
Political Trends & Data
In Hall County, Georgia, the 2020 U.S. Presidential Election results indicate a strong Republican leaning, with approximately 71% of votes potentially cast for Republican candidates and about 28% for Democrats. Libertarian votes were minimal, around 1.5%, and other parties had negligible impact. This trend underscores the county's conservative political inclinations and voter base preferences, which could influence local policy and development decisions impacting the real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hall County, Georgia, the 2020 U.S. Presidential Election saw Republican candidates potentially capturing the majority with about 71% of the vote, while Democrats might have secured around 28%. Libertarian votes were minimal, potentially hovering at 1.5%. Notably, Green Party and other candidates appeared to have negligible impact. This trend suggests a strong Republican leaning in this region, hinting at the county's political inclinations and voter base preferences.
70.89% of voters voted for the Republican party in the 2020 Presidential Election
27.65% of voters voted for the Democrat party in the 2020 Presidential Election
1.46% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Hall County, Georgia's student-to-teacher ratio has improved over the past decade, declining from 16 students per teacher in 2014 to approximately 14.5 in 2023. This trend brings the county closer to the national average, possibly indicating better educational outcomes through more individualized attention. Such changes may attract families prioritizing education, investors eyeing school district quality, and real estate agents highlighting improved local schools when marketing homes. The... Read more
Student-to-teacher ratio in Hall County, Georgia over the last 10 years
Hall County, Georgia saw its student-to-teacher ratio gradually decrease over the past decade, dropping from 16 students per teacher in 2014 to around 14.5 in 2023. This shift brings Hall County closer to the national average of 14 students per teacher, suggesting potential improvements in educational outcomes through more individualized attention. These trends might appeal to families prioritizing education, investors considering school district quality, appraisers assessing property values, and real estate agents marketing homes. For those in the community or looking to move there, the improved ratios could reflect positively on the county's commitment to education quality.
