Oconee County Real Estate and Livability Trends
Oconee County, Georgia has seen median home values rocket from $235,700 in 2015 to $389,200 by 2022, outpacing both state and national levels, which may suggest a strong demand and a robust real estate market. Taxable income per tax return also spiked, reflecting a growing economic base that could make the area attractive to investors and developers. The decreasing student-to-teacher ratio, now... Read more
Oconee County Market Trends
Oconee County, Georgia has seen a significant rise in median home values, jumping from $235,700 in 2015 to $389,200 in 2022, outpacing both state and national growth. This could indicate a strong demand and an attractive market for property stakeholders. The average real estate taxes have also increased notably, from $3,136.13 in 2012 to $5,352.23 in 2021, possibly reflecting growing property... Read more
Median Value of Occupied Housing Units in Oconee County, Georgia Over the Last 8 Years
Over the past eight years, Oconee County, Georgia has experienced a swift increase in median home values, jumping from $235,700 in 2015 to $389,200 by 2022. This growth appears robust compared to both the state of Georgia, which saw an increase from $148,100 to $245,900 in the same period, and the national median, rising from $125,500 to $179,400. For investors, developers, or potential homebuyers, Oconee County's consistently higher and faster-growing home values could signal a lucrative and appreciating market, suggesting strong demand and an attractive location in the eyes of property stakeholders.
Residential Energy Tax Credit Per Tax Return in Oconee County, GA Over the Last 9 Years
Oconee County, Georgia has seen significant fluctuations in residential energy tax credits over the last nine years, peaking notably in 2018 with an average credit of $1033.33 per tax return. This trend suggests a growing embrace of energy-efficient investments among residents, particularly in 2018 and 2021 when credits soared. Such incentives could make the area attractive for eco-conscious investors and homeowners looking to mitigate energy costs and capitalize on tax benefits.
Average Real Estate Taxes Per Tax Return in Oconee County, GA Over the Last 10 Years
The last decade in Oconee County, Georgia has seen a notable increase in average real estate taxes per tax return, starting at around $3,136.13 in 2012 and climbing to approximately $5,352.23 by 2021. Despite some fluctuations, the trend illustrates a steady rise, particularly from 2017 onwards. This consistent increase could be indicative of growing property values, a possible surge in county infrastructure investments, or evolving tax policies. For potential investors or residents, this trend might suggest a robust local economy with burgeoning real estate development opportunities, yet it's worth being mindful of the potentially higher ongoing tax obligations.
Percentage of Farm Returns in Oconee County, GA Over the Last 10 Years
Farm tax returns in Oconee County, Georgia have exhibited a subtle yet notable decline over the past decade. Starting at around 2.33% in 2012, they've gradually decreased to approximately 1.98% by 2021. This trend might suggest a slight reduction in farming activities or profitability within the county. For potential investors or those planning to move into the area, this could imply a shift in the local economy, possibly highlighting opportunities in other sectors. For property development, understanding these trends could help optimize land use and future planning, emphasizing the importance of being attuned to changing local economic indicators.
Number of Mortgages by Occupancy Type in Oconee County, GA Over the Last 5 Years in Oconee County
Oconee County, Georgia has experienced a noticeable fluctuation in mortgage counts for different occupancy types over the last five years. Principal residences dominate the market but have seen a general decline from a peak in 2020 at 4,633 mortgages to 2,094 in 2022. Investment properties have remained relatively steady but at significantly lower numbers, while second residences consistently account for the smallest share. These shifting occupancy patterns could suggest changing economic conditions, shifting investor interest, or evolving demographic trends, all of which hold implications for potential investors, homebuyers, real estate agents, appraisers, and insurance agents looking to understand the localized real estate dynamics.
Economic Outlook
Oconee County, Georgia, has experienced a notable rise in average taxable income per tax return, jumping from $118,054.29 in 2019 to $148,688.07 in 2020. Concurrently, average state and local income taxes per tax return surged from $7,585.04 in 2012 to $18,716.99 in 2021, highlighting a growing economic base. Additionally, the total tax liability per tax return increased from $16,311.85 in 2012 to $28,182.33 by 2021, reflecting the area's economic prosperity. For investors and developers, these... Read more
Average Taxable Income per Tax Return in Oconee County, GA over the last 9 years
Oconee County, Georgia has seen a noticeable increase in average taxable income per tax return over the past nine years. The spike, particularly from $118,054.29 in 2019 to $148,688.07 in 2020, suggests a potential influx of higher earners or economic growth. This trend could be enticing for investors and builders considering the financial health and affluence of the area. However, those planning to move might want to brace for a potentially higher cost of living as income levels rise.
Average State and Local Income Taxes Per Tax Return in Oconee County, GA Over the Last 10 Years
Oconee County, Georgia has seen a significant rise in average state and local income taxes per tax return over the past decade, jumping from $7,585.04 in 2012 to $18,716.99 in 2021, peaking at $20,021.04 in 2020. This trend suggests a growing economic base and possibly higher incomes, making it a key area for potential real estate investment and development. Whether you're considering moving, investing, or building property here, understanding these tax trends can help gauge the financial landscape and forecast long-term fiscal health.
Average Total Tax Liability Per Tax Return in Oconee County, GA Over the Last 10 Years
In Oconee County, Georgia, the average total tax liability per tax return has seen a significant upward trend over the past decade. Starting at approximately $16,311.85 in 2012, it has climbed steadily to reach $28,182.33 by 2021. This increase indicates a growing economic prosperity in the region, making it an appealing location for investment and residential development. Potential investors and new residents can see this as a sign of a robust local economy and a thriving community.
Cost of Living in Oconee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,703 | $1,576 | $1,977 | $1,313 | $1,701 |
| 1 adult 4 children | $1,703 | $1,287 | $1,512 | $1,313 | $1,810 |
| 2 adults 3 children | $1,703 | $1,288 | $1,715 | $1,313 | $1,439 |
| 1 adult 3 children | $1,703 | $1,051 | $1,250 | $1,313 | $1,559 |
| 2 adults 2 children | $1,269 | $1,054 | $1,453 | $1,148 | $1,115 |
| 1 adult 2 children | $1,269 | $787 | $988 | $1,148 | $1,111 |
| 2 adults 1 child | $1,269 | $833 | $1,191 | $614 | $1,018 |
| 1 adult 1 child | $1,269 | $538 | $727 | $614 | $886 |
| 2 adults | $1,119 | $669 | $930 | $0 | $873 |
| 1 adult | $1,052 | $365 | $465 | $0 | $742 |
Safety trends & Data
Oconee County, Georgia has seen fluctuating property crime rates, with larceny-theft consistently being the most common offense. Larceny-theft incidents hit a low of 117 in 2020 but saw higher counts of 192 and 189 in 2018 and 2022, respectively. Fraud cases also increased from 9 in 2019 to 21 in 2022, and burglary peaked at 7 in 2019 and 2020, then dropped to just 2 by 2022. These shifts in criminal activity trends could influence real estate investors and insurance agents when assessing risk... Read more
Property Crime Trends in Oconee County, GA Over the Last 5 Years
Over the last five years, Oconee County, Georgia experienced fluctuating property crime rates, with larceny-theft consistently being the most common offense. While 2020 saw the lowest larceny-theft incidents at 117, 2018 and 2022 had relatively high counts of 192 and 189, respectively. Notably, fraud cases slightly increased from 9 in 2019 to 21 in 2022. Similarly, burglary counts remained modest, peaking at 7 in 2019 and 2020, but dropping to just 2 by 2022. This suggests a potential shift in criminal activity trends, important for real estate investors and insurance agents to consider when assessing risk and property values in the area.
Demographics
Oconee County, Georgia, appears to have a slight gender imbalance with more females than males among its adult population. Educational attainment in the area tends to skew towards higher levels, with a substantial number of residents possessing bachelor's and graduate degrees, suggesting a well-educated populace. The age distribution indicates a diverse range of age groups, though there’s a notable concentration in middle-aged adults. Racially, the county is predominantly White, with... Read more
Race Distribution in Oconee County, Georgia (2022)
Educational Attainment in Oconee County, Georgia (2022)
Age Distribution in Oconee County, Georgia
Citizen Population in Oconee County, Georgia (2022)
Political Trends & Data
Oconee County, Georgia has shown a consistent conservative leaning in voting patterns, with an estimated 66% favoring the Republican candidate in recent presidential elections. On the other hand, it appears Democrats may have secured around 32%, and Libertarians barely reached 2%. This trend could imply a dominant Republican influence in the area, with third-party support remaining notably... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Oconee County, Georgia, the voting patterns suggest a strong preference for the Republican candidate, who likely received around 66% of the vote. Democrats appeared to trail significantly, garnering approximately 32%, while the Libertarian party only managed to capture a minor share, close to 2%. This distribution potentially highlights a predominantly conservative leaning within the county, with minimal support for third-party candidates.
65.94% of voters voted for the Republican party in the 2020 Presidential Election
32.43% of voters voted for the Democrat party in the 2020 Presidential Election
1.63% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Oconee County, Georgia has seen its student-to-teacher ratio decrease from over 16 students per teacher in 2014 to around 14 students per teacher in 2023. This gradual trend toward smaller class sizes may attract homebuyers who prioritize educational quality, suggesting more personalized attention for students compared to the national average. For real estate agents, investors, and those building property in the area, this shift might hint at a strengthening community appeal and potentially... Read more
Student-to-teacher ratio in Oconee County, Georgia over the last 10 years
Oconee County, Georgia has seen a gradual decline in its student-to-teacher ratio over the past decade, dipping from over 16 students per teacher in 2014 to around 14 students per teacher in 2023. This trend towards smaller class sizes could be attractive to potential homebuyers who prioritize educational quality, as it suggests more personalized attention for students compared to the national average of 14 students per teacher. For real estate agents, investors, and those looking to build property in the area, these changes might signal a strengthening community appeal and potentially higher property values tied to perceived educational improvements. Moreover, these ratios can influence insurance agents and appraisers by affecting assessments of community growth and stability.
