Monroe County Real Estate and Livability Trends
Monroe County, Georgia is experiencing noteworthy economic trends with average taxable income per tax return increasing from $56,547.70 in 2013 to $86,713.61 in 2021. This income growth might indicate economic prosperity or demographic shifts. With this, state and local income taxes almost doubled from $5,226.47 in 2012 to $11,653.97 in 2021, aligning with income increases and possibly higher tax... Read more
Monroe County Market Trends
Monroe County, Georgia’s median home values have seen a modest yet steady rise from $153,300 in 2015 to $204,100 in 2022, outpacing the national trend but still trailing the state average. This consistency may offer a more stable real estate investment opportunity with entry points lower than Georgia’s average. There's been a marked fluctuation in residential energy tax credits, peaking at... Read more
Median Value of Occupied Housing Units in Monroe County, Georgia Over the Last 8 Years
Monroe County, Georgia's median home values have demonstrated a gradual upward trend over the past eight years, rising from $153,300 in 2015 to $204,100 in 2022. This growth reveals a fairly steady increase compared to the national trend, which moved from $125,500 to $179,400 in the same period. Despite Monroe County lagging behind the broader state trend—Georgia’s median values jumped from $148,100 in 2015 to $245,900 in 2022—it remains an interesting market. Given its slower yet consistent growth, Monroe County could offer a more stable investment option within Georgia, with more affordable entry points than the state average yet still surpassing national growth rates.
Residential Energy Tax Credit Per Tax Return in Monroe County, GA Over the Last 9 Years
Monroe County, Georgia has shown considerable fluctuations in residential energy tax credits over the past decade. Notably, there was a dramatic spike in 2018 with the average credit per tax return reaching $1600.00, a significant jump from the previous years. This was followed by a decrease but the credit amounts remained relatively high, with 2021 seeing a notable rebound to $1156.25. These trends suggest a growing investment in energy-efficient home improvements, making Monroe County a potentially attractive area for those interested in sustainable living and related property developments.
Average Real Estate Taxes Per Tax Return in Monroe County, GA Over the Last 10 Years
Real estate taxes in Monroe County, Georgia have seen a consistent upward trend over the last decade, increasing from approximately $2,301.92 per tax return in 2012 to around $4,298.39 in 2021. This escalation suggests a rising valuation of properties in the area, potentially affecting both affordability and investment prospects. Higher taxes might reflect improved local amenities or infrastructure, but also indicate a heftier tax burden for homeowners. For potential investors and new residents, this pattern highlights growing property costs, a factor worth considering in financial planning and investment strategies.
Percentage of Farm Returns in Monroe County, GA Over the Last 10 Years
Farm tax returns in Monroe County, Georgia, have fluctuated between 2.01% and 2.29% over the past decade. This relatively stable trend suggests that farming remains a consistent, though not dominant, component of local economic activity. For investors or individuals considering property development, the steady proportion of farm tax returns could indicate a stable agricultural presence, offering potential for agritourism or rural development.
Number of Mortgages by Occupancy Type in Monroe County, GA Over the Last 5 Years in Monroe County
Monroe County, Georgia has seen a noticeable shift in mortgage trends over the past five years, particularly with a significant rise in principal residence mortgages, peaking in 2021. Investment property mortgages have seen a slight decline, while second residence mortgages have remained relatively stable. These changes in occupancy types could suggest a growing preference for primary living spaces possibly due to remote work trends or population growth. For investors, this may indicate a robust rental market with steady demand for residential homes. For insurance agents, the emerging focus on principal residences perhaps requires adjusting risk assessments. Builders and real estate agents might need to focus on catering to first-time homebuyers or families, while appraisers could see varying property valuations based on the dominant occupancy type.
Economic Outlook
Monroe County, Georgia has seen a significant rise in average taxable income per tax return, jumping from $56,547.70 in 2013 to $86,713.61 in 2021, with the biggest increase between 2020 and 2021. This trend might indicate economic growth or shifts in demographics enhancing earnings. Alongside this, average state and local income taxes per tax return nearly doubled from $5,226.47 in 2012 to $11,653.97 in 2021, reflecting the higher incomes and possibly rising tax rates. Furthermore, the average... Read more
Average Taxable Income per Tax Return in Monroe County, GA over the last 9 years
Monroe County, Georgia has seen a noticeable upward trend in average taxable income per tax return over the past nine years. Starting from $56,547.70 in 2013, it steadily increased to $86,713.61 by 2021. The most significant jump appears between 2020 and 2021, which could suggest economic growth or demographic shifts influencing higher earnings. This potentially makes Monroe County an attractive prospect for investors and new residents, indicating a robust and growing local economy.
Average State and Local Income Taxes Per Tax Return in Monroe County, GA Over the Last 10 Years
Monroe County, Georgia has seen a steady increase in average state and local income taxes per tax return over the last decade, jumping from approximately $5,226.47 in 2012 to $11,653.97 in 2021. This significant rise reflects both increased income levels and possibly higher tax rates over time, which could be crucial for potential investors, property developers, and new residents to factor into their financial planning. Understanding these changes can help in making informed decisions about living and investing in the area.
Average Total Tax Liability Per Tax Return in Monroe County, GA Over the Last 10 Years
Monroe County, Georgia has experienced a notable upward trend in the average total tax liability per tax return over the past decade, surging from $8,985.05 in 2012 to $15,275.67 in 2021. This significant increase, particularly the steep rise in recent years, suggests growing income levels and possibly rising property values, making it an appealing area for investment and real estate development. Higher tax liabilities often correlate with economic growth, offering various opportunities for new businesses and residents looking for thriving communities.
Cost of Living in Monroe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,045 | $1,287 | $1,656 | $1,074 | $1,012 |
| 1 adult 4 children | $1,045 | $1,051 | $1,264 | $1,074 | $1,104 |
| 2 adults 3 children | $1,045 | $1,051 | $1,438 | $1,074 | $843 |
| 1 adult 3 children | $1,045 | $858 | $1,046 | $1,074 | $886 |
| 2 adults 2 children | $859 | $861 | $1,220 | $935 | $773 |
| 1 adult 2 children | $859 | $643 | $828 | $935 | $690 |
| 2 adults 1 child | $859 | $680 | $1,002 | $481 | $729 |
| 1 adult 1 child | $859 | $439 | $610 | $481 | $624 |
| 2 adults | $761 | $546 | $784 | $0 | $662 |
| 1 adult | $649 | $298 | $392 | $0 | $554 |
Safety trends & Data
Monroe County, Georgia's property crime trends reveal intriguing patterns that could influence real estate evaluations. Burglary incidents have dramatically dropped from 10.00 in 2018 to 1.00 in 2021, with only a slight increase to 3.00 in 2022. Larceny-theft dropped to a low of 4.00 in 2021 but surged to 18.00 in 2022. Fraud cases also fell notably from 12.00 in 2018 to 1.00 in 2021, before a minor rise to 3.00 in 2022. The relative stability in motor vehicle theft and possession of stolen... Read more
Property Crime Trends in Monroe County, GA Over the Last 4 Years
Monroe County, Georgia has seen significant fluctuations in property crime over the last four years. Notably, burglary incidents have decreased from 10.0 in 2018 to just 1.0 in 2021, although there was a slight uptick to 3.0 in 2022. Larceny-theft has generally trended downward, hitting a low of 4.0 in 2021 but increased to 18.0 in 2022. Fraud cases fell sharply from 12.0 in 2018 to just 1.0 in 2021 but bounced back slightly to 3.0 in 2022. Interestingly, motor vehicle theft and cases of possessing stolen property have not seen major spikes, indicating some consistency in these areas. This data could be valuable for real estate investors, appraisers, and insurance agents as they evaluate the area's safety trajectory when making decisions.
Demographics
Monroe County, Georgia exhibits a balanced adult gender distribution, with a nearly equal number of males and females. Educational attainment is diverse, with a significant portion holding high school diplomas and many having pursued higher education, including bachelor's and graduate degrees. The age distribution suggests a mature population, with notable concentrations in the 45-54 and 55-64 age groups. Racial composition is predominantly White, while Black or African American residents make... Read more
Race Distribution in Monroe County, Georgia (2022)
Educational Attainment in Monroe County, Georgia (2022)
Age Distribution in Monroe County, Georgia
Citizen Population in Monroe County, Georgia (2022)
Political Trends & Data
Monroe County, Georgia, leans significantly Republican, with an estimated 71% of the 2020 U.S. Presidential Election vote going to the party. This conservative tilt could influence local policies and community priorities, creating a potentially predictable political and social environment. The minimal Libertarian presence and negligible support for other parties further underscore the county's strong conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Monroe County, Georgia, appears to lean heavily Republican, with an estimated 71% of the vote going to the party in the 2020 U.S. Presidential Election, compared to approximately 28% for Democrats. Libertarians seem to have a minimal presence, garnering just under 1% of the vote. The data does not show any significant support for the Green Party or other parties. This possibly indicates a strong conservative base in the area, which may influence local policy and community priorities.
70.93% of voters voted for the Republican party in the 2020 Presidential Election
28.12% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Monroe County, Georgia's student-to-teacher ratio has mainly hovered around 15 students per teacher over the past decade, which is slightly above the national average of 14. Notable peaks were seen in 2015 and 2017, while recent years have shown a slight decline, aligning closer with the national average. This trend might suggest improving classroom conditions, which could be attractive to potential residents, parents, and investors. Understanding these dynamics can provide insights into future... Read more
Student-to-teacher ratio in Monroe County, Georgia over the last 10 years
Monroe County, Georgia has experienced a fluctuating student-to-teacher ratio over the past decade, mainly hovering around 15 students per teacher, slightly above the national average of 14. Notable peaks were seen in 2015 and 2017 with ratios of 15 and 15 students per teacher respectively, while recent years have shown a slight decline, bringing the ratio closer to the national average in 2022 and 2021. This could suggest a potential trend towards more favorable classroom conditions, which might interest potential residents or parents looking to relocate. For investors or builders, understanding these dynamics can offer insights into future demand for family-oriented housing and possibly even educational infrastructure. Real estate agents and appraisers may find these metrics useful when highlighting the community’s gradual efforts to improve educational quality, which might also affect property values.
