Thomas County Real Estate and Livability Trends
Thomas County, Georgia is witnessing a robust economic trend with average taxable income rising from $48,803.64 in 2013 to $67,696.77 in 2021, potentially strengthening the local economy and inviting more investment. Despite this, state and local income taxes per return have also surged, potentially affecting investment choices. Median home values have jumped from $123,100 in 2015 to $178,900 in... Read more
Thomas County Market Trends
Median home values in Thomas County, Georgia have risen consistently from $123,100 in 2015 to $178,900 in 2022, marking stable growth that makes the area an affordable yet attractive option compared to the broader state and national trends. Residential energy tax credits have fluctuated significantly, hitting highs of $1,260.00 in 2018 and suggesting strong incentives for renewable energy... Read more
Median Value of Occupied Housing Units in Thomas County, Georgia Over the Last 8 Years
Median home values in Thomas County, Georgia have shown a steady rise over the last eight years, moving from $123,100 in 2015 to $178,900 in 2022. This area's growth has been slightly less pronounced than the broader state of Georgia, which saw values increase from $148,100 to $245,900 over the same period. At the national level, the rise from $125,500 in 2015 to $179,400 in 2022 aligns more closely with Thomas County's trend. This context suggests that while Thomas County is experiencing solid growth in home value, it remains an affordable option within the state and keeps pace with national trends, potentially making it an attractive area for investment.
Residential Energy Tax Credit Per Tax Return in Thomas County, GA Over the Last 9 Years
Over the last nine years in Thomas County, Georgia, the average residential energy tax credit per tax return has shown significant fluctuations. Starting at $375.00 in 2013, there's been a notable peak at $1,260.00 in 2018 and a high of $955.56 in 2020. These swings indicate a variable yet significant incentive for homeowners investing in renewable energy, making the region attractive for environmentally conscious investors and property developers.
Average Real Estate Taxes Per Tax Return in Thomas County, GA Over the Last 10 Years
Real estate taxes in Thomas County, Georgia have seen a notable increase over the past decade. From $2,295.96 in 2012, taxes have steadily risen, peaking at $4,312.80 in 2021. The most significant jump occurred between 2017 and 2018, where taxes surged from $2,928.96 to $4,131.93. These trends may indicate a growing demand for property and potential developments in the area, which are key considerations for prospective investors or new residents.
Percentage of Farm Returns in Thomas County, GA Over the Last 10 Years
In Thomas County, Georgia, farm tax returns have fluctuated over the past decade, averaging around 2.5%. Notable dips occurred in 2019 and 2020, with rates falling to approximately 2.39% and 2.28%, respectively. Farm tax returns are a reflection of farming income levels reported by agricultural businesses, influencing property valuations and investment prospects. This trend may suggest a gradual decline in farming activity or profitability, potentially impacting those looking to invest in agricultural property or businesses within the county.
Number of Mortgages by Occupancy Type in Thomas County, GA Over the Last 5 Years in Thomas County
Over the last five years in Thomas County, Georgia, the number of mortgages for principal residences showed a consistent upward trend, peaking at 2292 in 2021 before slightly dipping to 1667 in 2022. Mortgages for investment properties remained relatively stable, ranging between 144 and 229 yearly, while second residences showed minimal fluctuation, hovering around 28 to 36 mortgages annually. Changes in occupancy type matter because they reflect shifts in housing demand that can impact property values, affect insurance rates, and drive real estate investment strategies. For potential investors, understanding that principal residency mortgages dominate suggests a stable demand for primary homes, possibly indicating a favorable environment for long-term residential investments rather than speculative ventures.
Economic Outlook
Thomas County, Georgia is seeing a notable upward trajectory in average taxable income per tax return, moving from around $48,803.64 in 2013 to $67,696.77 in 2021. This increase hints at a potentially strengthening local economy, likely to attract investors and new residents. At the same time, state and local income taxes per return have also spiked, especially since 2018, peaking at $13,537.98 in 2021. This might indicate economic growth but also a higher tax burden, impacting investment... Read more
Average Taxable Income per Tax Return in Thomas County, GA over the last 9 years
Thomas County, Georgia has seen a notable upward trend in average taxable income per tax return over the past nine years, increasing from approximately $48,803.64 in 2013 to about $67,696.77 in 2021. This steady growth, particularly the significant jump between 2020 and 2021, suggests a potentially strengthening local economy. Such trends might attract investors seeking opportunities in a growing market and individuals considering relocation to a region with increasing income levels.
Average State and Local Income Taxes Per Tax Return in Thomas County, GA Over the Last 10 Years
Thomas County, Georgia has seen a notable upward trend in average state and local income taxes per tax return over the past decade. Starting at $6,534.78 in 2012, the figures fluctuated but have sharply increased since 2018, peaking at $13,537.98 in 2021. This indicative rise may signal economic growth and increased prosperity but also suggests a higher tax burden for residents, which could influence decisions around property investments and relocations. Investors and prospective residents should consider the implications of these growing tax obligations on their financial planning.
Average Total Tax Liability Per Tax Return in Thomas County, GA Over the Last 10 Years
Thomas County, Georgia has seen fluctuations in its average tax liability per return over the past decade, with notable peaks in 2015 and 2021, reaching $10,775.30 and $11,580.68 respectively. These variations indicate shifts in economic conditions and potentially in tax policy, making it essential for investors and residents to stay informed on financial trends. Understanding these dynamics can help in making well-informed decisions regarding property investments, business ventures, and long-term residence planning within the county.
Cost of Living in Thomas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,215 | $1,544 | $1,440 | $1,048 | $1,077 |
| 1 adult 4 children | $1,215 | $1,261 | $1,099 | $1,048 | $1,144 |
| 2 adults 3 children | $1,215 | $1,262 | $1,251 | $1,048 | $865 |
| 1 adult 3 children | $1,215 | $1,030 | $909 | $1,048 | $921 |
| 2 adults 2 children | $943 | $1,033 | $1,062 | $908 | $759 |
| 1 adult 2 children | $943 | $771 | $720 | $908 | $696 |
| 2 adults 1 child | $943 | $816 | $872 | $454 | $731 |
| 1 adult 1 child | $943 | $527 | $531 | $454 | $626 |
| 2 adults | $769 | $656 | $683 | $0 | $647 |
| 1 adult | $765 | $358 | $342 | $0 | $584 |
Safety trends & Data
Thomas County, Georgia has experienced some interesting shifts in property crime trends that could influence real estate decisions. Larceny-theft remains the most common crime, though its frequency has varied. Notably, burglary cases have significantly declined, especially post-2020. Motor vehicle theft spiked in 2021 with 42 incidents but otherwise shows inconsistency. Vandalism and fraud cases have fluctuated without clear trends. These patterns could be critical for anyone assessing the... Read more
Property Crime Trends in Thomas County, GA Over the Last 5 Years
Thomas County, Georgia has seen some notable trends in property crime over the last five years. Larceny-theft consistently remains the most frequent property crime, with numbers fluctuating but generally maintaining a higher presence compared to other crimes. Burglary cases show a significant decline, particularly after 2020. Motor vehicle theft has experienced some ups and downs but seems to have spiked in 2021 with 42 incidents. While cases of vandalism and fraud have varied, they don't show any strong increasing or decreasing trends. These stats could be crucial for real estate agents, appraisers, and potential homeowners considering the local crime environment in their investment or relocation plans.
Demographics
Thomas County, Georgia shows a nearly balanced gender distribution with a slight majority of females. The county exhibits a significant segment of the populace with only a high school diploma or some college education, suggesting potential workforce development opportunities. Age-wise, residents skew older, with notable concentrations in the 45-64 age brackets. Racially, the county is predominantly White, while the African American community also represents a substantial portion of the... Read more
Race Distribution in Thomas County, Georgia (2022)
Educational Attainment in Thomas County, Georgia (2022)
Age Distribution in Thomas County, Georgia
Citizen Population in Thomas County, Georgia (2022)
Political Trends & Data
Thomas County, Georgia, showcases robust conservative leanings, with around 60% of residents seemingly supporting GOP in 2020. Democrats trailed with about 40%, indicating notable but not dominating presence. The Libertarian vote share was negligible, under 1%. This GOP tilt may influence real estate decisions, reflecting the political climate that appeals to similarly minded... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Thomas County in Georgia leaned significantly Republican in the 2020 U.S. Presidential Election, with nearly 60% of the votes likely going to the GOP. Democrats garnered just under 40%, indicating a solid but distant second place. Libertarians barely made a dent with less than 1% of the votes. This suggests a strong conservative preference among voters, though there's still noteworthy support for Democrats.
59.28% of voters voted for the Republican party in the 2020 Presidential Election
39.85% 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
Thomas County, Georgia has significantly reduced its student-to-teacher ratio from nearly 18:1 in 2014 to approximately 13.5:1 in 2023, suggesting enhanced educational quality. With a current ratio below the national average of 14:1, the area may become more attractive to families who prioritize education. This trend could influence property values and community appeal, making it a key point for real estate agents, appraisers, and... Read more
Student-to-teacher ratio in Thomas County, Georgia over the last 10 years
Thomas County, Georgia has seen a notable decrease in its student-to-teacher ratio over the past decade, dropping from nearly eighteen students per teacher in 2014 to approximately thirteen and a half in 2023. This shift potentially signifies improved educational quality, as a lower ratio often allows for more personalized instruction. With the current ratio edging below the national average of fourteen students per teacher, Thomas County might appear an attractive option for families prioritizing education. Real estate agents, appraisers, and prospective investors should consider this trend's potential impact on property values and community appeal, while insurance agents might see implications for policy adjustments linked to demographic shifts.
