Morgan County Real Estate and Livability Trends
Morgan County, Georgia has seen a noteworthy increase in average taxable income per tax return from $53,029.74 in 2013 to $89,725.33 in 2021, hinting at economic vitality. Median home values surged to $293,300 in 2022, outstripping state and national trends. Real estate taxes doubled to $4,769.37 from 2012 to 2021, reflecting rising property values and demand. The student-to-teacher ratio hit a... Read more
Morgan County Market Trends
Morgan County, Georgia's median home values have surged to $293,300 in 2022, outpacing broader trends statewide and nationally. Residential energy tax credits shot up from $314.29 in 2013 to $1,250.00 in 2018, reflecting an increasing focus on energy efficiency and solar investments. Real estate taxes doubled from $2,536.54 in 2012 to $4,769.37 in 2021, indicating higher property values and... Read more
Median Value of Occupied Housing Units in Morgan County, Georgia Over the Last 8 Years
Morgan County, Georgia's median home values have surged significantly over the past eight years, peaking at $293,300 in 2022. This increase outpaces the broader trends seen both statewide in Georgia, where values reached $245,900, and nationally, where the median was $179,400 in the same year. For investors, builders, or anyone considering relocating, this uptick might imply a robust and growing local economy, potentially promising greater returns and heightened demand in Morgan County's housing market.
Residential Energy Tax Credit Per Tax Return in Morgan County, GA Over the Last 9 Years
Over the past nine years, Morgan County, Georgia has seen significant fluctuations in residential energy tax credits per tax return. The value increased notably from $314.29 in 2013 to a peak of $1,250.00 in 2018, reflecting growing incentives for energy efficiency and solar investments. Despite some volatility, the general upward trend highlights a strong push towards sustainable energy solutions in the county. This matters for investors and residents alike as it underscores a commitment to green energy, potentially lowering long-term energy costs and improving property values.
Average Real Estate Taxes Per Tax Return in Morgan County, GA Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Morgan County, Georgia have trended upward, almost doubling from $2,536.54 in 2012 to $4,769.37 in 2021. This indicates a notable increase in property values or tax rates, potentially reflecting an expanding market or higher demand for housing in the area. For investors or potential homebuyers, this growth may signal both rising costs and the potential for increasing property value. Current residents or those considering moving to Morgan County need to be aware of these escalating tax obligations, which could impact long-term affordability.
Percentage of Farm Returns in Morgan County, GA Over the Last 10 Years
Over the last decade, Morgan County, Georgia has seen a subtle but steady decline in the percentage of farm tax returns. Starting at around 5.64% in 2012, the rate has gradually decreased to approximately 4.34% by 2021. This could hint at a shift away from agriculture-dependent incomes or the consolidation of farming operations. For those looking to invest, build property, or move to the area, this trend might indicate changing economic conditions and opportunities within the local agricultural sector.
Number of Mortgages by Occupancy Type in Morgan County, GA Over the Last 5 Years in Morgan County
In the past five years, Morgan County, Georgia has seen a notable increase in the number of mortgages for principal residences, peaking in 2021 with 1,605 mortgages. By comparison, investment properties and second residences have remained relatively stable, albeit at much lower levels. Changes in occupancy types might be relevant for those looking to invest or move into the area because a high number of principal residences could indicate a growing local economy and stable community. For appraisers and insurance agents, understanding occupancy types is crucial for risk assessment and property valuation. Real estate agents and builders could also leverage these trends to tailor their services and developments to meet the local demand.
Economic Outlook
Morgan County, Georgia has experienced a substantial upward trend in average taxable income per tax return, growing from $53,029.74 in 2013 to $89,725.33 in 2021, indicative of a potentially robust local economy. Additionally, there's been a notable increase in average state and local income taxes per tax return, from $6,544.54 in 2014 to $10,614.41 in 2021, reflecting an evolving economic environment with potentially higher local expenditures. The county's average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Morgan County, GA over the last 9 years
Over the last nine years, Morgan County, Georgia has shown a noticeable upward trend in average taxable income per tax return, starting from $53,029.74 in 2013 and reaching $89,725.33 in 2021. This growth indicates a potentially robust local economy, making it an attractive consideration for investors, new residents, and property developers. The sharp increase between 2018 and 2021, especially, could reflect escalating opportunities or rising incomes in key sectors.
Average State and Local Income Taxes Per Tax Return in Morgan County, GA Over the Last 10 Years
Over the last ten years, Morgan County, Georgia, has seen a steady increase in average state and local income taxes per tax return, with a notable jump from $6,544.54 in 2014 to $10,614.41 in 2021. This trend indicates a rising obligation for taxpayers, which could influence decisions for potential investors and residents weighing the financial landscape of the area. The gradual but persistent growth in taxes highlights the county's evolving economic environment, reflecting broader fiscal policies and possibly increased local expenditures.
Average Total Tax Liability Per Tax Return in Morgan County, GA Over the Last 10 Years
Morgan County, Georgia has seen a significant rise in average total tax liability per tax return over the past decade, starting from $8,957.89 in 2012 to $16,981.49 in 2021. This upward trend might reflect increased income levels or changes in tax policies, making it a point of interest for potential investors and property developers looking at the economic growth and fiscal health of the area. The sharp jump between 2020 and 2021 could signal substantial economic changes or new developments that warrant closer attention for those involved in or considering the local market.
Cost of Living in Morgan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,328 | $1,267 | $1,993 | $1,313 | $1,348 |
| 1 adult 4 children | $1,328 | $1,035 | $1,524 | $1,313 | $1,467 |
| 2 adults 3 children | $1,328 | $1,035 | $1,729 | $1,313 | $1,130 |
| 1 adult 3 children | $1,328 | $845 | $1,260 | $1,313 | $1,226 |
| 2 adults 2 children | $1,078 | $847 | $1,465 | $1,148 | $972 |
| 1 adult 2 children | $1,078 | $633 | $996 | $1,148 | $930 |
| 2 adults 1 child | $1,078 | $670 | $1,201 | $614 | $892 |
| 1 adult 1 child | $1,078 | $432 | $732 | $614 | $768 |
| 2 adults | $819 | $538 | $937 | $0 | $718 |
| 1 adult | $814 | $293 | $468 | $0 | $628 |
Safety trends & Data
Property crime in Morgan County, Georgia has shown significant fluctuations over the past five years, with larceny-theft peaking at 28.0 incidents in 2019 and dropping to 10.0 in 2020. Burglary incidents remain low annually, while vandalism and handling of stolen property display inconsistent figures. Motor vehicle theft was reported solely in 2021. These trends could imply shifts in economic stability and policing, impacting real estate investments, property values, and insurance... Read more
Property Crime Trends in Morgan County, GA Over the Last 5 Years
Property crime in Morgan County, Georgia has fluctuated over the past five years. Larceny-theft remains the most frequent crime, with a notable peak of 28.0 incidents in 2019 compared to a low of 10.0 in 2020. Burglary incidents have generally remained low, with only minor occurrences each year. Vandalism and the handling of stolen property show sporadic figures, while motor vehicle theft surfaced only once in 2021. These trends might suggest varying levels of economic stability and policing effectiveness, which could influence real estate investments, property values, and insurance rates in the area.
Demographics
Morgan County, Georgia, exhibits a slightly higher female population, with 8,000 females compared to 7,530 males. The age distribution reveals a significant portion of residents aged 55 to 64 years, contributing to the area's potential focus on senior services. When examining educational attainment, a large number of individuals possess only a high school diploma or some college experience, highlighting a potential labor force ready for skill development programs. The racial composition remains... Read more
Race Distribution in Morgan County, Georgia (2022)
Educational Attainment in Morgan County, Georgia (2022)
Age Distribution in Morgan County, Georgia
Citizen Population in Morgan County, Georgia (2022)
Political Trends & Data
Morgan County, Georgia, displayed a strong inclination towards Republican candidates in the 2020 U.S. Presidential Election with approximately 70.30% of votes going to the GOP. Democrats garnered about 28.70%, indicating potential areas for growth or strategy shifts. Libertarians captured a minimal 1%, showing limited local traction. These voting patterns may reflect solid local support for Republican policies but changing demographics or political landscapes could alter future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Morgan County, Georgia, might have leaned predominantly Republican in the 2020 U.S. Presidential Election, with nearly 70.3% of the votes going to this party. Democrats received around 28.7%, potentially showing room for growth or a need to reassess strategies in this area. Libertarians gathered a modest 1%, while other minor parties didn't make a noticeable impact. These figures could suggest strong local support for Republican policies and candidates, though shifting demographics or changing political climates could influence future elections.
70.30% of voters voted for the Republican party in the 2020 Presidential Election
28.66% of voters voted for the Democrat party in the 2020 Presidential Election
1.04% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Morgan County, Georgia has witnessed a downward trend in its student-to-teacher ratio, hitting a low of around 13 students per teacher before aligning closer to the national average of 14 students per teacher in recent years. This trend could suggest enhancing education quality, possibly making the area more attractive for families. Appraisers and insurance agents should consider how these fluctuations might influence community desirability, affecting property values and insurance risk... Read more
Student-to-teacher ratio in Morgan County, Georgia over the last 10 years
Over the past decade, Morgan County, Georgia has seen a downward trend in its student-to-teacher ratio, reaching a low of around 13 students per teacher before climbing back closer to the national average of 14 students per teacher in recent years. For real estate investors, this trend could suggest improving education quality, potentially making the area more attractive for families. Appraisers and insurance agents should note that fluctuations in these ratios can impact community desirability and, consequently, property values and insurance risk assessments. Real estate agents may find the relatively favorable ratios a selling point for families prioritizing education.
