Murray County Real Estate and Livability Trends
In Murray County, Georgia, rising home values, jumping from $89,800 in 2015 to $153,700 in 2022, imply a burgeoning market appeal. An uptrend in average taxable income, climbing from $38,176.06 to $49,299.08 between 2013 and 2021, presents potential economic growth. However, increased real estate taxes, which hit $2,602.56 in 2021, could influence financial planning. The student-to-teacher ratio... Read more
Murray County Market Trends
Murray County, Georgia has consistently seen rising home values, jumping from $89,800 in 2015 to $153,700 in 2022, potentially signaling increased market appeal and investment opportunities. Residential energy tax credits fluctuated, peaking at $1300.00 in 2018, indicating significant investments in energy-efficient homes. Real estate taxes have also trended upward, reaching $2,602.56 in 2021,... Read more
Median Value of Occupied Housing Units in Murray County, Georgia Over the Last 8 Years
Murray County, Georgia has seen its median home values rise consistently over the last eight years, with a significant leap from $89,800 in 2015 to $153,700 in 2022. While still below the state's median home value of $245,900, and the national median of $179,400 in 2022, the trend points to a growing market. This upward trajectory may signal increasing investment opportunities and could be appealing for both new residents and property developers looking at more affordable entry points compared to the broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Murray County, GA Over the Last 9 Years
Murray County, Georgia has experienced significant fluctuations in residential energy tax credits per tax return over the past nine years. Notably, 2018 saw a sharp increase with an average credit reaching $1300.00, hinting at either higher energy-efficient home investments or increased tax incentives during that year. More recently, the value settled at $768.75 in 2021, still showing a marked improvement from earlier years like 2014's $383.33. These trends indicate an active investment in energy efficiency, potentially making it an attractive area for eco-conscious residents and investors looking to capitalize on green energy initiatives.
Average Real Estate Taxes Per Tax Return in Murray County, GA Over the Last 10 Years
Real estate taxes per tax return in Murray County, Georgia, have seen a noticeable upward trend over the past decade, starting at around $1,338.84 in 2012 and increasing to approximately $2,602.56 by 2021. This steady rise might indicate growing property values or increased tax rates, both of which are critical factors for potential investors or residents. Higher taxes could reflect enhanced local services and infrastructure, but they also impact overall affordability, potentially influencing buying and building decisions.
Percentage of Farm Returns in Murray County, GA Over the Last 10 Years
Over the last decade, Murray County, Georgia has seen minor fluctuations in the percentage of farm tax returns. Farm tax returns indicate the portion of income attributable to farming activities, which is a key marker for agricultural investment health. Starting from 1.92% in 2012, the percentage dipped slightly in 2013, reached a peak of 1.98% in 2016, and fell to a low of 1.58% in 2020 before a slight recovery in 2021 to 1.64%. This trend can be insightful for potential investors looking to assess the stability and viability of agricultural ventures in the county.
Number of Mortgages by Occupancy Type in Murray County, GA Over the Last 5 Years in Murray County
Over the past five years, Murray County, Georgia, has seen a steady increase in the number of mortgages for principal residences, peaking significantly in 2021 with 1,911. Investment properties and second residences have shown minor fluctuations but remained relatively stable with much lower figures. These shifts in occupancy type can offer insights for potential investors and developers; the rising demand for principal residences might indicate a growing population or increased homeownership interest. For appraisers and real estate agents, this trend highlights the primary market focus, while insurance agents might see opportunities in newly occupied properties. The data suggests nuanced changes that could influence market strategies and development planning in Murray County.
Economic Outlook
Murray County, Georgia has seen a steady rise in average taxable income per tax return, moving from $38,176.06 in 2013 to $49,299.08 by 2021, indicating potential economic growth that could attract investors and new residents. However, this comes with a noticeable increase in state and local income taxes, from $4,296.60 in 2012 to $6,582.22 by 2021, which might impact financial planning for investors and homeowners alike. The general upward trend in total tax liability, reaching $5,778.94 in... Read more
Average Taxable Income per Tax Return in Murray County, GA over the last 9 years
Murray County, Georgia has seen a steady increase in average taxable income per tax return over the past nine years, starting at $38,176.06 in 2013 and rising to $49,299.08 by 2021. This upward trend might indicate a growing local economy, potentially making it an interesting prospect for investors or those considering moving to the area. The consistent rise in income could reflect increasing job opportunities or wages, possibly impacting the local real estate market and community development positively.
Average State and Local Income Taxes Per Tax Return in Murray County, GA Over the Last 10 Years
Over the last decade, Murray County, Georgia has seen a rising trend in average state and local income taxes per tax return. Starting at $4,296.60 in 2012, the amount has reached $6,582.22 by 2021. This upwards trajectory indicates a heavier tax burden, which could impact decisions for potential investors or homeowners. The noticeable increase especially from 2017 to 2021 suggests a shift in fiscal policies or economic changes, making it essential for those interested in the area to consider these costs in their financial planning.
Average Total Tax Liability Per Tax Return in Murray County, GA Over the Last 10 Years
Over the past decade, Murray County, Georgia has seen a fluctuating but generally increasing average total tax liability per tax return. Starting at around $4,615.30 in 2012, it peaked significantly to $5,778.94 in 2021. This trend is notable for potential investors and residents as it reflects broader economic dynamics affecting disposable income and property investment returns in the area. While there were occasional dips, such as in 2013 and 2018, the overall upward trajectory highlights a growing fiscal responsibility that those interested in the area should consider.
Cost of Living in Murray County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,088 | $1,343 | $1,755 | $1,313 | $1,142 |
| 1 adult 4 children | $1,088 | $1,097 | $1,341 | $1,313 | $1,210 |
| 2 adults 3 children | $1,088 | $1,097 | $1,524 | $1,313 | $917 |
| 1 adult 3 children | $1,088 | $896 | $1,109 | $1,313 | $988 |
| 2 adults 2 children | $808 | $898 | $1,292 | $1,148 | $801 |
| 1 adult 2 children | $808 | $671 | $878 | $1,148 | $742 |
| 2 adults 1 child | $808 | $710 | $1,060 | $614 | $750 |
| 1 adult 1 child | $808 | $459 | $646 | $614 | $641 |
| 2 adults | $614 | $570 | $829 | $0 | $614 |
| 1 adult | $561 | $311 | $414 | $0 | $531 |
Safety trends & Data
Murray County, Georgia has seen varying property crime trends over the past five years. Larceny-Theft, peaking at 32 cases in 2021, remains the most frequent crime, though it slightly declined to 28 in 2022. Persistent issues with Burglary and Vandalism indicate ongoing security concerns. However, a decline in Motor Vehicle Theft in 2022 offers a glimmer of improvement. For potential investors or new residents, these trends underscore the importance of considering local crime rates as part of... Read more
Property Crime Trends in Murray County, GA Over the Last 5 Years
The past five years in Murray County, Georgia, show fluctuating trends in property crimes, notably with Larceny-Theft consistently being the most frequent. While in 2018 the number of Larceny-Theft cases was 13, it peaked at 32 in 2021, before slightly dropping to 28 in 2022. Burglary and Vandalism maintain a presence across all years, indicating persistent security concerns. Meanwhile, Motor Vehicle Theft exhibited a decline in 2022, contrasting previous years' higher numbers. For those considering investment or relocation, these trends suggest ongoing challenges in addressing property crimes despite some signs of improvement in specific areas.
Demographics
Murray County, Georgia, has an almost equal split of male and female adults, creating a balanced demographic. The educational attainment shows a significant portion of the population has only a high school diploma or less, potentially indicating lower levels of higher education access. The age distribution skews younger, with a notable number of residents under 45, suggesting a relatively youthful community compared to some areas. Race distribution is overwhelmingly White, with minimal... Read more
Race Distribution in Murray County, Georgia (2022)
Educational Attainment in Murray County, Georgia (2022)
Age Distribution in Murray County, Georgia
Citizen Population in Murray County, Georgia (2022)
Political Trends & Data
In Murray County, Georgia, the real estate market could be indirectly shaped by its political landscape. With an estimated 84% of the vote leaning Republican in the 2020 U.S. Presidential Election, this area might reflect conservative values, potentially influencing local policies on property taxes, zoning, and development. This strong political skew can also shape community planning and investment priorities. Understanding this political context could be key for investors and homebuyers... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Murray County in Georgia seemed to have leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 84% of the votes possibly going to the Republican candidate. The Democratic party might have garnered just under 15%, while the Libertarian party captured less than 1%. No significant votes appeared to go to the Green Party or other parties.
84.11% of voters voted for the Republican party in the 2020 Presidential Election
14.96% of voters voted for the Democrat party in the 2020 Presidential Election
0.94% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the past decade, Murray County, Georgia has seen a notable improvement in its student-to-teacher ratio, declining from 20 in 2016 to just over 14 in 2023, now aligning with the national average. This trend may attract families and real estate investors, potentially increasing the county's desirability. Lower ratios could also suggest a more manageable classroom environment, which might be relevant for appraisers and insurance agents assessing property values and risks in the... Read more
Student-to-teacher ratio in Murray County, Georgia over the last 10 years
Over the past decade, Murray County, Georgia has seen its student-to-teacher ratio gradually decline, dropping from a high of 20 in 2016 to just over 14 in 2023. Compared to the current national average of 14 students per teacher, Murray County is now on par, suggesting a significant improvement in individualized attention and educational quality. This trend may appeal to families considering relocation, as well as real estate investors and developers seeking to build residential properties, potentially boosting the county's desirability. Lower ratios can also indicate a more manageable classroom environment, relevant for appraisers and insurance agents assessing property values and risks in the area.
