Lee County Real Estate and Livability Trends
In Lee County, Georgia, average taxable income per tax return has risen from $59,438.64 in 2013 to $73,031.06 in 2021, indicating improved economic conditions. Median home values jumped from $157,100 in 2015 to $208,800 in 2022, revealing a growing, yet still affordable, real estate market. Meanwhile, substantial increases in residential energy tax credits and real estate taxes reflect heightened... Read more
Lee County Market Trends
In Lee County, Georgia, median home values have surged from $157,100 in 2015 to $208,800 in 2022, outpacing the national median and indicating an appreciating yet still relatively affordable market. The county has also seen tremendous growth in residential energy tax credits, jumping from $417.07 in 2013 to $1,712.50 in 2021, signaling widespread investment in energy-efficient home improvements.... Read more
Median Value of Occupied Housing Units in Lee County, Georgia Over the Last 8 Years
In Lee County, Georgia, median home values have seen an upward trend over the last eight years, jumping from $157,100 in 2015 to $208,800 in 2022. While this local growth is significant, the county's median home values have consistently been lower than the state average which saw a rise from $148,100 in 2015 to $245,900 in 2022. Interestingly, Lee County's recent values also slightly exceed the national median, which increased from $125,500 in 2015 to $179,400 in 2022. For those looking into Lee County, Georgia, these trends suggest a relatively affordable yet appreciating market, offering potential for both homeownership and investment compared to broader state and national averages.
Residential Energy Tax Credit Per Tax Return in Lee County, GA Over the Last 9 Years
In Lee County, Georgia, the average residential energy tax credit per tax return has seen a notable upward trend over the past nine years. From $417.07 in 2013 to an impressive $1,712.50 in 2021, these increases suggest growing investment in energy-efficient upgrades among residents. The significant jumps in certain years, particularly in 2018 and 2021, reflect heightened awareness or incentives that are encouraging homeowners to take advantage of these tax credits. For those looking to invest in property or move to Lee County, the robust growth in energy tax credits is a positive indicator of an environmentally conscious and financially savvy community.
Average Real Estate Taxes Per Tax Return in Lee County, GA Over the Last 10 Years
For those considering investments or relocations in Lee County, Georgia, it's useful to note that average real estate taxes per tax return have seen a steady increase over the past decade. From $2,121.41 in 2012, they have escalated to $3,401.59 by 2021, with a notable spike starting around 2018. This growth in tax values could indicate rising property values and potential for increased municipal services, but it's something to factor into long-term cost planning.
Percentage of Farm Returns in Lee County, GA Over the Last 10 Years
Over the last decade, Lee County in Georgia has seen slight fluctuations in the percentage of farm tax returns, ranging from 1.60% to 2.05%. Farm tax returns reflect the taxable income that farming activities generate, and variations can indicate shifts in agricultural viability, land use trends, and economic health. Investors and prospective residents might find it useful to consider these subtle changes when evaluating the region's agricultural stability and potential for property investment or development.
Number of Mortgages by Occupancy Type in Lee County, GA Over the Last 5 Years in Lee County
Lee County, Georgia has experienced noticeable trends in mortgage activity over the past five years, with a dominant share consistently in principal residences. While the number of investment properties and second residences remained relatively stable, a significant rise in principal residence mortgages, peaking in 2021, suggests an influx of people moving into or refinancing in the area. This shift toward more principal residences could indicate a growing confidence in the local housing market, potentially making it a lucrative spot for real estate investment. Additionally, for appraisers and insurance agents, understanding the predominance of primary homes over investment and second properties can be crucial, as it influences property values and risk assessments. Builders and real estate agents might find these insights useful for tailoring their strategies to meet the needs of a predominantly owner-occupied market.
Economic Outlook
In Lee County, Georgia, average taxable income per tax return has generally risen from $59,438.64 in 2013 to $73,031.06 in 2021, suggesting improved economic conditions and earning potential. Concurrently, state and local income taxes have increased, reaching $8,661.76 by 2021, which may be indicative of higher incomes or altered tax policies. Furthermore, the average total tax liability per tax return spiked to $11,062.80 in 2021 after years of relative stability. These trends imply... Read more
Average Taxable Income per Tax Return in Lee County, GA over the last 9 years
In Lee County, Georgia, the average taxable income per tax return has shown a general upward trend over the last nine years. From $59,438.64 in 2013 to $73,031.06 in 2021, there has been notable growth, particularly in the latter years. This upward trajectory could suggest improving economic conditions and increased earning potential for residents, which might be appealing for potential investors, new residents, and developers looking to capitalize on a potentially prosperous locale.
Average State and Local Income Taxes Per Tax Return in Lee County, GA Over the Last 10 Years
Average state and local income taxes per tax return in Lee County, Georgia have shown a significant upward trend over the last decade. Starting at around $5,010.13 in 2012, this figure steadily increased, hitting a notable rise to $6,988.65 in 2018 and peaking at $8,661.76 by 2021. This increase underscores a growing fiscal contribution from residents, which could be indicative of rising incomes or changes in tax policies. Potential investors or those looking to move to Lee County should consider how these tax trends might impact their financial planning.
Average Total Tax Liability Per Tax Return in Lee County, GA Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Lee County, Georgia has shown an upward trend, with 2021 experiencing a significant spike to $11,062.80. After relatively stable liabilities between $8,529.71 to $9,565.48 from 2012 to 2020, this jump could indicate economic changes or policy shifts impacting local taxpayers. For investors and prospective residents, this trend is crucial as it reflects potential financial commitments and economic growth in the region.
Cost of Living in Lee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,415 | $1,500 | $1,644 | $1,313 | $1,353 |
| 1 adult 4 children | $1,415 | $1,225 | $1,255 | $1,313 | $1,451 |
| 2 adults 3 children | $1,415 | $1,225 | $1,427 | $1,313 | $1,107 |
| 1 adult 3 children | $1,415 | $1,000 | $1,038 | $1,313 | $1,216 |
| 2 adults 2 children | $1,080 | $1,003 | $1,211 | $1,148 | $926 |
| 1 adult 2 children | $1,080 | $749 | $822 | $1,148 | $907 |
| 2 adults 1 child | $1,080 | $793 | $994 | $614 | $869 |
| 1 adult 1 child | $1,080 | $512 | $605 | $614 | $756 |
| 2 adults | $918 | $637 | $778 | $0 | $740 |
| 1 adult | $902 | $347 | $389 | $0 | $663 |
Safety trends & Data
Lee County, Georgia, has experienced varying levels of property crime over the past five years, which might influence local real estate dynamics. Larceny-theft, the most common crime, peaked at 130 incidents in 2018 but has since dropped to 46 by 2022. Burglary rates have fluctuated, peaking at 25 incidents in 2019 and dipping to 5 in 2020, indicating inconsistencies in break-ins. Vandalism has seen a slight uptick, peaking at 27 incidents in 2020. A notable spike in motor vehicle theft in 2021... Read more
Property Crime Trends in Lee County, GA Over the Last 5 Years
Lee County, Georgia has seen notable fluctuations in property crime over the past five years. Larceny-theft remained the most prevalent crime, peaking in 2018 with 130 incidents but generally declining to 46 by 2022. Burglary incidents have varied, with a high of 25 in 2019 and a low of 5 in 2020, suggesting inconsistent issues with home and business break-ins. Vandalism has shown a slight uptrend, reaching 27 incidents in 2020 and maintaining slightly lower levels thereafter. Motor vehicle thefts had a sharp rise in 2021 with 11 reported incidents, though numbers are generally low. These trends could impact investment decisions, property values, and insurance premiums in the region.
Demographics
In Lee County, Georgia, the population sees a near-even split between males and females. Educational attainment suggests a strong preference towards higher education, with significant portions having attended some college or achieved degrees, but a noticeable segment hasn't completed high school. The age distribution is somewhat diverse, but there’s a lean towards the working-age population, especially those between ages 35 and 54. The racial composition is majority White, but with a notable... Read more
Race Distribution in Lee County, Georgia (2022)
Educational Attainment in Lee County, Georgia (2022)
Age Distribution in Lee County, Georgia
Citizen Population in Lee County, Georgia (2022)
Political Trends & Data
Lee County, Georgia displayed a strong conservative preference in the 2020 U.S. Presidential Election, giving around 72% of votes to Republicans and approximately 27% to Democrats. With Libertarians capturing just under 1% and no votes for the Green Party, these results might suggest a stable Republican stronghold with limited influence from other political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lee County, Georgia, the 2020 U.S. Presidential Election results leaned heavily Republican with approximately 72% of votes, while Democrats garnered around 27%. Libertarians captured a negligible share of just under 1%, and Green Party presence was nonexistent. This might indicate a strong conservative base in the area, with minimal competition from other parties.
71.84% of voters voted for the Republican party in the 2020 Presidential Election
27.27% of voters voted for the Democrat party in the 2020 Presidential Election
0.89% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the last decade, Lee County, Georgia has seen a notable decline in its student-to-teacher ratio, going from around seventeen students per teacher in 2014 to just over fourteen by 2023. This trend aligns the county with the national average and could indicate a substantial investment in education. Such changes might make the area more appealing to families, potentially impacting property values and neighborhood desirability for real estate and insurance... Read more
Student-to-teacher ratio in Lee County, Georgia over the last 10 years
Over the last decade, Lee County, Georgia has seen a significant reduction in its student-to-teacher ratio, dropping from around seventeen students per teacher in 2014 to just over fourteen by 2023. This downward trend brings the county in line with the current national average of approximately fourteen students per teacher. Such shifts can be important for real estate agents and property developers as lower ratios often indicate an investment in quality education, potentially making the area more attractive to families. For insurance agents and appraisers, these metrics could subtly influence property valuations, as educational quality is a key component in determining neighborhood desirability.
