Newton County Real Estate and Livability Trends
Newton County, Georgia has witnessed a notable rise in median home values from $115,500 in 2015 to $200,300 in 2022, underscoring its relatively affordable yet thriving real estate market. Real estate taxes have nearly doubled, mirroring increased property values and developmental activity. The student-to-teacher ratio hovers around 15, above the national average, potentially affecting... Read more
Newton County Market Trends
Newton County, Georgia saw median home values rise from $115,500 in 2015 to $200,300 in 2022, outpacing national trends and highlighting its relatively affordable yet prospering market. Residential energy tax credits more than tripled from $420.21 in 2013 to $1,523.08 by 2018, indicating a local push for energy-efficient improvements. Real estate taxes nearly doubled over ten years, from... Read more
Median Value of Occupied Housing Units in Newton County, Georgia Over the Last 8 Years
Newton County, Georgia saw a significant increase in median home values over the last eight years, rising from $115,500 in 2015 to $200,300 in 2022. This local trend outpaces both the national average, which rose from $125,500 to $179,400, and the state of Georgia, which moved from $148,100 to $245,900 during the same period. For those looking to invest, relocate, or develop properties, Newton County's growth trajectory could signal robust market potential, though it's still relatively more affordable compared to the broader state pattern.
Residential Energy Tax Credit Per Tax Return in Newton County, GA Over the Last 9 Years
Data from Newton County, Georgia over the past nine years reveals a notable increase in the average residential energy tax credit per tax return. Starting with relatively moderate figures around $420.21 in 2013, the credits more than tripled to a high of $1,523.08 by 2018, suggesting significant investments in energy-efficient home improvements. This trend indicates growing local interest in sustainable living, making it an attractive area for eco-conscious investors and residents who wish to capitalize on available energy tax incentives.
Average Real Estate Taxes Per Tax Return in Newton County, GA Over the Last 10 Years
Over the past decade, Newton County, Georgia, has seen a consistent upward trend in real estate taxes per tax return, rising from $1,809.36 in 2012 to $3,235.56 in 2021. This almost doubling in tax values could signify increasing property values and development in the area, making it an interesting spot for potential investors and developers. While higher taxes might deter some, they can also indicate enhanced public services and infrastructure improvements which could appeal to prospective residents.
Percentage of Farm Returns in Newton County, GA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Newton County, Georgia has remained relatively low, fluctuating from approximately 0.55% in 2012 to around 0.46% in 2021. These figures suggest that farming is likely a small but possibly stable aspect of the local economy. For those looking to invest, move, or build property in the area, this trend could indicate limited agricultural activity. While this might translate to fewer opportunities directly related to farming, it could also mean less competition for farming enterprises that choose to establish themselves here. Farm tax returns are submitted by individuals or entities earning income from agricultural activities, and their low percentage may suggest that other sectors dominate the local economy.
Number of Mortgages by Occupancy Type in Newton County, GA Over the Last 5 Years in Newton County
Newton County, Georgia has seen varying mortgage counts across different occupancy types over the last five years, with Principal Residences consistently leading the market. For instance, 2021 showed a peak with 10,657 mortgages for Principal Residences, sharply contrasting with Second Residences at only 148. Investment Properties experienced fluctuations, peaking in 2021 at 494 but dropping to 365 in 2022. Changes in occupancy types reflect shifting investment dynamics and can impact property valuation trends and insurance premiums. Understanding these trends can be essential for investors, real estate agents, and anyone considering moving to or investing in property within the county for better situational awareness and strategic planning.
Economic Outlook
Newton County, Georgia has experienced a steady increase in the average taxable income per tax return from $42,125.74 in 2013 to $52,343.11 in 2021, hinting at a potentially improving economic climate. Average state and local income taxes have also risen, markedly jumping to $5,353.25 in 2018, pointing towards higher incomes and increased economic activity. Total tax liability per tax return climbed from $5,374.28 in 2012 to $7,020.89 in 2021, suggesting economic growth and potential property... Read more
Average Taxable Income per Tax Return in Newton County, GA over the last 9 years
Over the past nine years, Newton County, Georgia, has seen a steady increase in the average taxable income per tax return, experiencing growth from $42,125.74 in 2013 to $52,343.11 in 2021. This upward trend suggests a potentially improving economic climate, which could be attractive for investors and prospective homeowners looking for promising property value appreciation. However, some fluctuations, such as the dip in 2019, highlight the need for a cautious approach to economic forecasting.
Average State and Local Income Taxes Per Tax Return in Newton County, GA Over the Last 10 Years
Newton County, Georgia has seen a noticeable increase in average state and local income taxes per tax return over the past decade, climbing from $3,577.05 in 2012 to $5,731.94 in 2021. This steady rise, particularly the significant jump to $5,353.25 in 2018, may reflect growing economic activity and higher incomes within the county. Such trends can be crucial for potential investors and residents, indicating a possibly stronger local economy but also higher tax liabilities. Understanding these shifts can offer a clearer picture for informed decision-making about financial commitments and living costs in Newton County.
Average Total Tax Liability Per Tax Return in Newton County, GA Over the Last 10 Years
Over the past decade, Newton County, Georgia has witnessed a significant increase in the average total tax liability per tax return, jumping from $5,374.28 in 2012 to $7,020.89 in 2021. This upward trend signals a growing economic footprint in the region, which can be an indicator of rising property values and possibly household incomes. For investors and new residents, this progression suggests a thriving local economy, with potential for property appreciation and sustainable growth.
Cost of Living in Newton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,640 | $1,416 | $1,896 | $1,313 | $1,568 |
| 1 adult 4 children | $1,640 | $1,156 | $1,449 | $1,313 | $1,664 |
| 2 adults 3 children | $1,640 | $1,156 | $1,645 | $1,313 | $1,307 |
| 1 adult 3 children | $1,640 | $944 | $1,199 | $1,313 | $1,428 |
| 2 adults 2 children | $1,348 | $947 | $1,394 | $1,148 | $1,083 |
| 1 adult 2 children | $1,348 | $707 | $948 | $1,148 | $1,111 |
| 2 adults 1 child | $1,348 | $748 | $1,143 | $614 | $1,015 |
| 1 adult 1 child | $1,348 | $483 | $697 | $614 | $896 |
| 2 adults | $1,193 | $601 | $893 | $0 | $873 |
| 1 adult | $1,167 | $328 | $446 | $0 | $748 |
Safety trends & Data
Property crime in Newton County, Georgia, has mostly declined over the past five years, with larceny-theft incidents dropping from 459.00 in 2018 to 102.00 in 2022 and burglary cases falling from 44.00 to 17.00 in the same period. Motor vehicle theft, however, had a slight uptick, rising from 11.00 to 24.00, and vandalism also saw a significant increase to 48.00 from 7.00. These shifts could sway property values and insurance premiums, making a notable impact on decisions made by investors,... Read more
Property Crime Trends in Newton County, GA Over the Last 5 Years
Property crime rates in Newton County, Georgia have generally declined over the last five years. Larceny-theft saw a notable decrease from 459.00 incidents in 2018 to 102.00 in 2022. Burglary incidents also dropped significantly from 44.00 in 2018 to 17.00 by 2022. However, motor vehicle theft showed a slight increase, rising from 11.00 in 2018 to 24.00 in 2022. Vandalism cases, on the other hand, spiked in 2022 to 48.00 from a low of 7.00 in 2018. These trends could influence property values, insurance premiums, and overall community development, impacting decisions for investors, real estate agents, and future residents.
Demographics
Newton County, Georgia, presents a diverse demographic landscape. The adult population is roughly balanced but slightly skews female. Education levels vary widely, with the largest group being high school graduates and notable proportions holding some college education or higher degrees. The age distribution is fairly even across most age brackets, suggesting a stable population growth without significant age-specific trends. Racially, the county is predominantly White and Black or African... Read more
Race Distribution in Newton County, Georgia (2022)
Educational Attainment in Newton County, Georgia (2022)
Age Distribution in Newton County, Georgia
Citizen Population in Newton County, Georgia (2022)
Political Trends & Data
In Newton County, Georgia, the 2020 U.S. Presidential Election saw about 55% of votes going to the Democratic Party and roughly 44% to the Republican Party. The Libertarian Party captured just over 1%, indicating a modest yet present third-party interest. This shift towards Democratic support in a traditionally competitive area may hint at changing voter demographics and shifting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Georgia's Newton County, the 2020 U.S. Presidential Election results lean slightly towards the Democratic Party, with approximately 55% of the votes, compared to around 44% for the Republican Party. The Libertarian Party garnered just over 1% of the vote, while the Green Party and other candidates did not make a notable impact. This might suggest a trend of increasing Democratic support in areas traditionally considered competitive, possibly reflecting broader shifts in voter demographics and priorities.
44.01% of voters voted for the Republican party in the 2020 Presidential Election
54.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Newton County, Georgia has typically been around 15 over the past decade, slightly above the national average of 14. This might imply larger class sizes that could influence educational outcomes and, consequently, neighborhood desirability and property values. Realtors, property developers, and appraisers might consider this when promoting or valuing homes in the area, as it can be a pivotal factor for families evaluating relocation... Read more
Student-to-teacher ratio in Newton County, Georgia over the last 10 years
The student-to-teacher ratio in Newton County, Georgia has consistently hovered around 15 over the past ten years, with slight fluctuations each year. This ratio tends to be slightly higher than the national average of 14 students per teacher. For potential investors or those considering moving to Newton County, this might suggest larger class sizes than elsewhere, which could affect educational outcomes. Realtors and property developers might want to consider this factor when pitching the area's amenities to prospective families, while appraisers and insurance agents should keep in mind how local educational standards can influence neighborhood desirability and property values. Understanding these trends can help stakeholders better assess the community's needs and growth opportunities.
