Polk County Real Estate and Livability Trends
Polk County, Georgia is experiencing notable growth in its real estate market, with median home values increasing from $102,600 in 2015 to $151,400 in 2022, despite remaining below the Georgia average of $245,900. Rising taxable incomes, up from $38,147.14 in 2013 to $49,358.65 in 2021, underscore a potentially improving economy and higher disposable incomes, although state and local taxes have... Read more
Polk County Market Trends
Polk County's median home values have grown from $102,600 in 2015 to $151,400 in 2022, a rise that outpaces national trends but remains below the Georgia average of $245,900. This rise hints at increasing demand and investment potential in the area. Energy tax credits per return have varied, peaking at $1,033.33 in 2021, indicating robust incentives for energy-efficient upgrades. Meanwhile,... Read more
Median Value of Occupied Housing Units in Polk County, Georgia Over the Last 8 Years
Polk County's median home values have shown a significant upward trajectory, rising from $102,600 in 2015 to $151,400 in 2022. This trend outpaces the national rise, where values increased from $125,500 to $179,400 over the same period. Georgia overall saw an even sharper increase, climbing from $148,100 to $245,900. These figures suggest that Polk County, while still more affordable than the state average, is catching up, potentially indicating increasing demand and investment in this region. Those considering this area can view this as a sign of growth and future value appreciation.
Residential Energy Tax Credit Per Tax Return in Polk County, GA Over the Last 9 Years
Over the last nine years in Polk County, Georgia, the average residential energy tax credit per tax return has shown significant fluctuations. From a low of $289.47 in 2015, the credit spiked to $850.00 in 2018 and even reached a peak of $1,033.33 in 2021. This indicates increasing incentives for energy-efficient investments, a vital consideration for homeowners and investors looking to capitalize on sustainable energy upgrades in the area.
Average Real Estate Taxes Per Tax Return in Polk County, GA Over the Last 10 Years
Polk County, Georgia has seen a notable increase in average real estate taxes per tax return over the past decade. Starting at $1,778.92 in 2012, it peaked at around $2,704.41 in 2020, with a slight dip to $2,592.31 in 2021. This upward trend may be indicative of rising property values or increased public spending funded by real estate taxes, suggesting that potential investors or future residents might want to factor in these growing costs.
Percentage of Farm Returns in Polk County, GA Over the Last 10 Years
Polk County, Georgia has shown a relatively stable trend in the percentage of farm tax returns over the last decade, hovering around the 2.1% to 2.3% range with minor fluctuations. Farm tax returns represent the number of tax filings from farming operations and serve as an indicator of agricultural activity within the area. For potential investors or those looking to develop property, this steady participation in farming suggests a consistent agricultural presence, which could impact land use decisions and local economic policies. For residents, a stable farm tax return rate could mean a sustained community of farmers, which could drive local food markets and influence community dynamics.
Number of Mortgages by Occupancy Type in Polk County, GA Over the Last 5 Years in Polk County
Over the last five years in Polk County, Georgia, the data shows a consistent dominance of mortgages for principal residences compared to investment and second residences. Notably, principal residence mortgages surged in 2021, hinting at a possible uptick in homeownership or refinancing activities during that period. Surprisingly, investment property mortgages saw a slight decline, which may indicate shifting investment strategies or market conditions. The modest yet steady presence of second residence mortgages might suggest a niche but stable market for secondary homes. These trends are critical for investors, real estate agents, and insurance agents as they reflect shifts in market demand and potential investment opportunities or risks.
Economic Outlook
Polk County, Georgia has enjoyed a consistent rise in average taxable income per tax return, climbing from $38,147.14 in 2013 to $49,358.65 in 2021. This positive trend could suggest an improving local economy and higher disposable incomes. However, state and local income taxes per tax return have also nearly doubled, rising from $3,664.43 in 2012 to $7,454.67 in 2019, highlighting increased taxation in the area. Additionally, the total tax liability per tax return has gradually grown from... Read more
Average Taxable Income per Tax Return in Polk County, GA over the last 9 years
Over the past nine years, Polk County, Georgia has experienced a steady rise in average taxable income per tax return, growing from $38,147.14 in 2013 to $49,358.65 in 2021. This trend could be appealing for potential investors, real estate developers, and those considering relocation, as it may indicate a gradually improving economy and potentially higher disposable incomes among residents. The consistent annual increases might also suggest a positive environment for business growth and property investments.
Average State and Local Income Taxes Per Tax Return in Polk County, GA Over the Last 10 Years
Over the past decade, Polk County, Georgia has seen a significant upward trend in average state and local income taxes per tax return. Starting at $3,664.43 in 2012, rates have almost doubled by 2021, peaking in 2019 at an impressive $7,454.67. This rise reflects broader economic shifts and increased taxation, making it crucial for potential investors and residents to consider the financial landscape when planning their moves or investments in the area.
Average Total Tax Liability Per Tax Return in Polk County, GA Over the Last 10 Years
Polk County, Georgia has seen a steady increase in average total tax liability per tax return over the last decade, starting at $4,557.06 in 2012 and climbing to $5,983.10 by 2021. This upward trend indicates a growing financial contribution from residents, which may reflect rising incomes or property values. These statistics can be particularly enticing for investors, home builders, and potential new residents looking to understand the financial landscape and economic growth of the county.
Cost of Living in Polk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,052 | $1,283 | $1,496 | $1,048 | $893 |
| 1 adult 4 children | $1,052 | $1,048 | $1,142 | $1,048 | $939 |
| 2 adults 3 children | $1,052 | $1,048 | $1,299 | $1,048 | $732 |
| 1 adult 3 children | $1,052 | $856 | $945 | $1,048 | $748 |
| 2 adults 2 children | $826 | $858 | $1,102 | $908 | $657 |
| 1 adult 2 children | $826 | $641 | $748 | $908 | $587 |
| 2 adults 1 child | $826 | $678 | $905 | $454 | $644 |
| 1 adult 1 child | $826 | $438 | $551 | $454 | $555 |
| 2 adults | $628 | $545 | $708 | $0 | $565 |
| 1 adult | $623 | $297 | $354 | $0 | $520 |
Safety trends & Data
Polk County, Georgia, has seen a decline in property crime over the past five years, notably in burglary cases, which dropped from 25 in 2018 to just 8 in 2022. Larceny-theft, although fluctuating, decreased significantly from 166 instances in 2018 to 71 in 2022. Motor vehicle thefts have shown variation but remained relatively low overall. The low instances of stolen property and fraud suggest a shift in crime patterns, potentially driven by improved security and effective law enforcement.... Read more
Property Crime Trends in Polk County, GA Over the Last 5 Years
Over the past five years, Polk County, Georgia, has shown fluctuations in property crime. There appears to be a noteworthy decline in burglary cases, dropping from 25.0 instances in 2018 to just 8.0 in 2022. Larceny-theft, a significant concern, varied widely, peaking at 166.0 in 2018 but decreasing to 71.0 by 2022. Motor vehicle thefts have remained relatively low but show year-to-year variation. Interestingly, cases of stolen property and fraud have generally been low, suggesting a shift in crime patterns. These trends could indicate improving security measures or effective law enforcement, potentially making the county more attractive to prospective homebuyers and investors.
Demographics
In Polk County, Georgia, recent demographic trends show a slightly higher female adult population than male. The county's educational attainment reflects a significant portion of residents having high school diplomas or some college education, though relatively fewer hold bachelor's or advanced degrees. The age distribution is broad, with a notable concentration in the 25 to 34 and 35 to 44 age ranges. The racial composition is predominantly White, with smaller Black or African American and... Read more
Race Distribution in Polk County, Georgia (2022)
Educational Attainment in Polk County, Georgia (2022)
Age Distribution in Polk County, Georgia
Citizen Population in Polk County, Georgia (2022)
Political Trends & Data
Polk County, Georgia showed a significant preference for the Republican party in the 2020 U.S. Presidential Election, with Republicans capturing nearly 78% of the votes. Democrats managed just over 21%, and Libertarians received under 1%. The absence of votes for the Green Party and other parties highlights a strong Republican presence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Polk County in Georgia seemed to lean heavily towards the Republican party in the 2020 U.S. Presidential Election, with nearly 78% of the votes. Democrats garnered just over 21%, while Libertarians received less than 1%. No votes were recorded for the Green Party, and there are no data for other parties. This distribution could suggest a strong Republican foothold in the region.
78.10% of voters voted for the Republican party in the 2020 Presidential Election
21.02% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the last decade, Polk County, Georgia has seen its student-to-teacher ratio drop from 16 students per teacher in 2014 to nearly 14 by 2023. This shift toward the national average could make the area more appealing to families due to potentially improved educational quality. For real estate agents and investors, lower student-to-teacher ratios often signal enhanced school performance, which may correlate with stable or rising property values. Appraisers and insurance agents might also see... Read more
Student-to-teacher ratio in Polk County, Georgia over the last 10 years
Over the last decade, Polk County, Georgia has seen its student-to-teacher ratio fluctuate, starting at 16 students per teacher in 2014 and gradually trending down to nearly 14 by 2023. This recent alignment closer to the national average of 14 students per teacher could indicate a more individualized education experience, potentially making the area more attractive for families considering relocation. Lower ratios might also appeal to real estate agents and investors as they can signify enhanced educational quality, which often correlates with stable or rising property values. For appraisers and insurance agents, understanding these dynamics can offer insights into long-term investment value and risk.
