Sumter County Real Estate and Livability Trends
Sumter County, Georgia, has experienced modest growth in median home values, rising from $84,700 in 2015 to $130,000 in 2022, which is slower compared to state and national trends. Real estate taxes have shown a notable increase, from $2,621.01 in 2012 to $3,706.00 in 2021, hinting at higher property values or shifting tax policies. Energy-efficient home improvements peaked in 2018, indicating a... Read more
Sumter County Market Trends
Over the past eight years, Sumter County, Georgia has seen median home values rise from $84,700 in 2015 to $130,000 in 2022, indicating more modest growth compared to the state and national averages. Residential energy tax credits per tax return experienced a notable peak of $1,080.00 in 2018, suggesting an increased emphasis on energy-efficient home improvements. Real estate taxes show a steep... Read more
Median Value of Occupied Housing Units in Sumter County, Georgia Over the Last 8 Years
Over the last eight years, median home values in Sumter County, Georgia have shown a dynamic trend. Starting at $84,700 in 2015, the values fluctuated but generally increased, reaching $130,000 in 2022. Compared to Georgia's state median, which nearly doubled from $148,100 to $245,900 during the same period, Sumter County's growth appears more modest. Nationally, the median value also rose significantly, from $125,500 in 2015 to $179,400 in 2022. This data could indicate that while Sumter County offers more affordable housing options than both state and national medians, its growth trajectory may still provide worthwhile opportunities for investors and new homeowners seeking value in a steady market.
Residential Energy Tax Credit Per Tax Return in Sumter County, GA Over the Last 9 Years
The residential energy tax credit per tax return in Sumter County, Georgia, has seen significant fluctuations over the past nine years. Notably, there was a substantial spike in 2018, reaching an average of $1,080.00, which represents more than double the average credits seen in previous years. From there, while the credit amounts have declined, they remain higher than pre-2018 levels, reflecting a growing incentive for homeowners to invest in energy-efficient improvements. For investors, this could signal a trend toward increasing property value and appeal in the area, driven by heightened energy-conscious investments.
Average Real Estate Taxes Per Tax Return in Sumter County, GA Over the Last 10 Years
Real estate taxes per tax return in Sumter County, Georgia show a consistent upward trend over the past decade, starting from around $2,621.01 in 2012 to roughly $3,706.00 in 2021. The sharpest increases occurred between 2017 and 2018, with a jump from $2,821.57 to $3,422.37, suggesting potential shifts in property values or tax policies. This continual rise in real estate taxes may signal increasing property values in the area, making it a point of interest for investors. However, it could also mean higher costs for current and prospective homeowners.
Percentage of Farm Returns in Sumter County, GA Over the Last 10 Years
Over the last decade, Sumter County, Georgia has seen farm tax returns fluctuating around 2.5% to 3.0% of total tax returns, indicating a relatively stable agricultural economy. Farm tax returns are documents filed by farmers to report income and claim expenses related to farming, which can provide insight into the health and prevalence of the farming sector in an area. For potential investors or individuals considering relocation, this stability might suggest a resilient agricultural base, potentially contributing to the county's economic diversity and possibly indicating opportunities in related sectors.
Number of Mortgages by Occupancy Type in Sumter County, GA Over the Last 5 Years in Sumter County
Sumter County, Georgia has seen a notable trend in mortgage types over the past few years. Principal residences consistently dominate the market, but their numbers have dipped from 796 in 2021 to 627 in 2022. Investment properties have shown slight fluctuations, peaking in 2021 at 106 before a slight drop to 99 in 2022. Second residences remain relatively stable but low in volume. These shifts in occupancy types can impact everything from investment prospects to local housing market stability. Investors might find opportunities in the steady demand for principal residences, while appraisers and insurance agents can use this data to adjust valuations and risk assessments accordingly. Real estate agents should highlight the strong demand for primary residences when advising clients.
Economic Outlook
In Sumter County, Georgia, the average taxable income per tax return has climbed from $37,315.07 in 2013 to $48,771.74 in 2021, indicating gradual financial growth with notable jumps recently. Meanwhile, state and local income taxes have surged, rising from $4,123.89 in 2012 to $8,532.79 in 2021, signaling a growing tax burden. Additionally, the average total tax liability has consistently increased, peaking at $7,256.43 in 2017. These trends suggest a robust fiscal environment but with rising... Read more
Average Taxable Income per Tax Return in Sumter County, GA over the last 9 years
In Sumter County, Georgia, the average taxable income per tax return has seen an upward trend over the past nine years, starting at $37,315.07 in 2013 and rising to $48,771.74 in 2021. Despite occasional fluctuations, the general trend suggests financial growth in the area, particularly notable with a significant jump between 2020 and 2021. This incremental growth could appeal to potential investors and those contemplating a move, signaling a gradually improving local economy and potentially increasing property values.
Average State and Local Income Taxes Per Tax Return in Sumter County, GA Over the Last 10 Years
Sumter County, Georgia has seen a significant upward trend in average state and local income taxes per tax return over the past decade, jumping from approximately $4,123.89 in 2012 to about $8,532.79 in 2021. The most notable increases occurred from 2016 onward, with a particularly sharp rise between 2017 and 2019. For individuals and businesses considering investment or relocation, this trend suggests a growing tax burden which may impact financial planning and cost of living in the area.
Average Total Tax Liability Per Tax Return in Sumter County, GA Over the Last 10 Years
Sumter County, Georgia has shown a consistent increase in average total tax liability per tax return over the past decade. Starting at $5,599.31 in 2012, it peaked at $7,256.43 in 2017 and hovered above $7,000 again in 2021, indicating economic growth and potentially higher incomes in the area. For investors and individuals considering a move, this trend underscores a robust fiscal environment, reflecting both rising prosperity and a commensurate increase in tax contributions—a critical factor when evaluating the financial dynamics of the county.
Cost of Living in Sumter County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $992 | $1,500 | $1,606 | $1,048 | $986 |
| 1 adult 4 children | $992 | $1,225 | $1,227 | $1,048 | $1,026 |
| 2 adults 3 children | $992 | $1,225 | $1,394 | $1,048 | $791 |
| 1 adult 3 children | $992 | $1,000 | $1,015 | $1,048 | $800 |
| 2 adults 2 children | $815 | $1,003 | $1,183 | $908 | $716 |
| 1 adult 2 children | $815 | $749 | $803 | $908 | $631 |
| 2 adults 1 child | $815 | $793 | $971 | $454 | $685 |
| 1 adult 1 child | $815 | $512 | $591 | $454 | $572 |
| 2 adults | $619 | $637 | $759 | $0 | $591 |
| 1 adult | $615 | $347 | $379 | $0 | $520 |
Safety trends & Data
Property crimes in Sumter County, Georgia have varied significantly over the past five years. Larceny-theft is the most common, peaking at 198 cases in 2019 but still notable with 128 in 2022. Burglary has decreased from 20 incidents in 2018 to just 6 in 2022, hinting at better security or fewer break-ins. Motor vehicle thefts remain low but steady, whereas vandalism and fraud show no clear trend. These crime patterns could impact property values, insurance costs, and investment choices in... Read more
Property Crime Trends in Sumter County, GA Over the Last 5 Years
Over the past five years, property crimes in Sumter County, Georgia have shown notable fluctuations. Larceny-theft consistently remains the most frequent offense, peaking at 198 instances in 2019, but still of significant concern with a count of 128 in 2022. Burglary has seen a gradual decline, from 20 cases in 2018 to just 6 in 2022, indicating potentially improved security measures or declining break-ins. Instances of motor vehicle theft have remained relatively low but stable, hovering between 4 and 8 thefts annually. Vandalism and fraud cases show inconsistent patterns, preventing a clear trend but necessitating continuous attention. These crime trends may influence property values, insurance rates, and investment decisions for stakeholders in Sumter County.
Demographics
Sumter County, Georgia demonstrates interesting demographic trends. The adult population leans slightly towards a higher number of females. There appears to be a significant portion of residents with only a high school diploma or some college education without a degree, which could imply potential workforce development opportunities. Age distribution shows a notable breadth across various age groups, hinting at a balanced mix of young and middle-aged residents with fewer older adults. The... Read more
Race Distribution in Sumter County, Georgia (2022)
Educational Attainment in Sumter County, Georgia (2022)
Age Distribution in Sumter County, Georgia
Citizen Population in Sumter County, Georgia (2022)
Political Trends & Data
In Sumter County, Georgia, real estate trends may be subtly influenced by the area's political climate. The 2020 presidential election revealed a near-even split between Democratic (52%) and Republican (47%) voters, suggesting a balanced political atmosphere. This could appeal to buyers or investors seeking a community with diverse viewpoints. The lack of support for third parties highlights the dominance of bipartisan preferences, potentially creating a stable environment for longer-term... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sumter County, Georgia, voting leaned slightly Democratic during the 2020 presidential election, with roughly 52% of the vote favoring the Democratic candidate. Republicans captured nearly 47%, while Libertarians saw minimal support at just over 0.8%. The absence of votes for Green or other parties suggests a sharp focus on the two major political parties.
47.18% of voters voted for the Republican party in the 2020 Presidential Election
52.00% of voters voted for the Democrat party in the 2020 Presidential Election
0.82% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the last decade, Sumter County, Georgia, has seen its student-to-teacher ratio fluctuate, peaking at around fifteen students per teacher in 2014 and 2016, and dipping to just over twelve students per teacher in 2019. Compared to the national average of fourteen students per teacher, Sumter County’s ratios have generally aligned closely but have been slightly lower in recent years. These shifts might imply changes in educational investment and resource allocation, which could be... Read more
Student-to-teacher ratio in Sumter County, Georgia over the last 10 years
Over the last decade, Sumter County, Georgia has seen its student-to-teacher ratio fluctuate, with a peak at around fifteen students per teacher in 2014 and 2016, dipping to a low of just over twelve students per teacher in 2019. Compared to the US national average of fourteen students per teacher, Sumter County’s ratios generally align closely, although they have been slightly lower in recent years. For investors, educators, and families, these changes might imply shifts in educational investment and resource allocation in the county. Lower ratios can be indicative of better teaching quality and more dedicated attention per student, which could be attractive for those looking to move to the area or invest in local education initiatives.
