Troup County Real Estate and Livability Trends
Troup County, Georgia, showcases a decade-long rise in average taxable incomes, jumping from $43,828.89 in 2013 to $57,280.09 in 2021, reflecting economic stability but also an increased tax burden, with state and local taxes nearly doubling. Median home values in Troup County have grown steadily, contributing to the area’s allure as an affordable housing market compared to state and national... Read more
Troup County Market Trends
In Troup County, Georgia, the median home value has climbed steadily over the last eight years but still remains lower than the state and national averages, suggesting more affordable housing options which might attract value-oriented buyers and investors. Energy tax credits have surged significantly, underlining a strong focus on energy efficiency that could appeal to those interested in... Read more
Median Value of Occupied Housing Units in Troup County, Georgia Over the Last 8 Years
Over the last eight years, Troup County, Georgia, has seen a consistent rise in median home values, from $116,300 in 2015 to $166,700 in 2022. While this growth indicates a healthy local real estate market, it's worth noting that Troup County's median home value remains lower than both the state and national averages. For context, Georgia's median home value has soared from $148,100 in 2015 to $245,900 in 2022, and the national median has climbed from $125,500 to $179,400 over the same period. This trend suggests that Troup County could offer more affordable housing options compared to broader markets, potentially appealing to investors and homebuyers seeking value in a rising market.
Residential Energy Tax Credit Per Tax Return in Troup County, GA Over the Last 9 Years
Troup County, Georgia has shown a notable increase in the average residential energy tax credit per tax return over the past nine years. Starting from $457.53 in 2013, the value peaked significantly at $1,990.91 in 2018 and remained relatively high, recording $1,765.75 in 2021. This upward trajectory highlights the growing emphasis on energy efficiency and potential financial benefits, making it an appealing factor for prospective homeowners and investors interested in sustainable living initiatives in the area.
Average Real Estate Taxes Per Tax Return in Troup County, GA Over the Last 10 Years
Real estate taxes in Troup County, Georgia, have shown an upward trend over the past decade, with average taxes per return increasing from $2,113.88 in 2012 to $3,498.33 in 2021. The significant jump between 2017 and 2018, where taxes increased from $2,589.17 to $3,317.47, suggests shifting market dynamics. This rising trend in real estate taxes can be indicative of growing property values, which may interest investors and those looking to build or move to the area, as it often reflects improving local amenities and infrastructure. Such data points may be valuable for making informed decisions regarding property investments in this Georgia county.
Percentage of Farm Returns in Troup County, GA Over the Last 10 Years
The percentage of farm returns in Troup County, Georgia, has demonstrated slight fluctuations over the past decade. In 2012, the percentage was approximately 1.01%, with minor increases and decreases leading to a peak of about 1.19% in 2017. The most recent data from 2021 shows a percentage around 1.07%. Farm tax returns, essentially the income declarations from farm businesses, provide a glimpse into the agricultural sector's economic presence in the county. This steady yet nuanced trend may interest investors or property developers who are keen on understanding the agricultural vitality and its influence on the local economy.
Number of Mortgages by Occupancy Type in Troup County, GA Over the Last 5 Years in Troup County
In Troup County, Georgia, there's been noticeable variability in mortgage counts over the past five years, especially for principal residences, ranging from 2,386 in 2018 to a peak of 3,815 in 2021 before dropping to 2,762 in 2022. Investment properties and second residences have shown modest fluctuations but remain relatively stable. These shifts in occupancy types highlight the potential for significant market dynamics, potentially impacting investment strategies, property values, and insurance policies. For real estate agents and appraisers, understanding these trends can provide valuable context for advising clients and setting competitive pricing. Similarly, for those looking to move to or invest in the area, these metrics can offer insights into the local housing market's stability and growth potential.
Economic Outlook
Over the past decade, Troup County, Georgia has witnessed a clear rise in average taxable income per tax return, from $43,828.89 in 2013 to $57,280.09 in 2021, signaling economic stability and growth. Alongside this, average state and local income taxes per tax return surged from $4,432.45 in 2012 to $8,586.57 in 2021, underscoring higher income levels and economic activity, although this also highlights an increasing tax burden. Despite notable fluctuations in the poverty rate, which spiked to... Read more
Average Taxable Income per Tax Return in Troup County, GA over the last 9 years
Over the past nine years, Troup County, Georgia has seen a steady increase in the average taxable income per tax return, growing from $43,828.89 in 2013 to $57,280.09 in 2021. This upward trend could indicate a strengthening local economy and suggest potential increases in property values. Investors and prospective residents might consider this a sign of economic stability and growth. However, those looking into this area should also weigh other socio-economic factors to make informed decisions.
Average State and Local Income Taxes Per Tax Return in Troup County, GA Over the Last 10 Years
Over the last decade, Troup County, Georgia has seen a significant rise in average state and local income taxes per tax return, jumping from $4,432.45 in 2012 to $8,586.57 in 2021. The most notable surge occurred between 2017 and 2018, where taxes leaped from $5,014.40 to $7,480.58. This consistent increase can signal robust economic growth and higher income levels, making the county potentially attractive for investors and property developers alike. For current residents or those considering a move, it's a trend that reflects a buoyant local economy but also highlights the increasing tax burden they may need to account for.
Average Total Tax Liability Per Tax Return in Troup County, GA Over the Last 10 Years
Over the past decade, Troup County, Georgia has seen a steady increase in the average total tax liability per tax return. Starting at $7,260.49 in 2012, the average rose consistently, reaching $8,672.99 by 2021. This upward trend signifies a potentially growing economic strength and higher income levels among residents, which can be an indicator of a robust and expanding local economy. For those looking to invest, move, or develop property in Troup County, this data suggests a region on an upward trajectory.
Cost of Living in Troup County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,216 | $1,436 | $1,751 | $1,163 | $1,171 |
| 1 adult 4 children | $1,216 | $1,172 | $1,339 | $1,163 | $1,264 |
| 2 adults 3 children | $1,216 | $1,173 | $1,519 | $1,163 | $959 |
| 1 adult 3 children | $1,216 | $958 | $1,107 | $1,163 | $1,005 |
| 2 adults 2 children | $932 | $960 | $1,288 | $1,015 | $815 |
| 1 adult 2 children | $932 | $717 | $875 | $1,015 | $752 |
| 2 adults 1 child | $932 | $759 | $1,056 | $534 | $774 |
| 1 adult 1 child | $932 | $490 | $644 | $534 | $657 |
| 2 adults | $708 | $610 | $824 | $0 | $644 |
| 1 adult | $703 | $332 | $412 | $0 | $569 |
Safety trends & Data
In Troup County, Georgia, property crimes have shown mixed trends over the past five years. While larceny-theft peaked at 516.00 incidents in 2018 and has generally decreased since then, burglary has fluctuated more dramatically, with incidents dropping from 40.00 in 2018 to 22.00 in 2019, but then spiking to 63.00 in 2021. Vandalism, on the other hand, has risen sharply from 16.00 incidents in 2019 to 84.00 in 2022. Sporadic yet notable fluctuations in fraud and motor vehicle theft may also be... Read more
Property Crime Trends in Troup County, GA Over the Last 5 Years
Over the past five years, Troup County, Georgia, has seen varying trends in property crime. Larceny-theft consistently remains the highest reported crime, peaking at 516.00 incidents in 2018 but showing a general decline thereafter. Burglary, while fluctuating, dropped significantly from 40.00 incidents in 2018 to 22.00 in 2019, but spiked again to 63.00 in 2021. Vandalism incidents have been rising, with a noticeable jump from 16.00 in 2019 to 84.00 in 2022. Fraud and motor vehicle theft also show inconsistent yet notable activity. These trends may guide potential investors, real estate agents, or residents in assessing the safety landscape and making informed decisions regarding property in Troup County.
Demographics
Troup County, Georgia presents a diverse demographic profile, skewing slightly female with women making up a bit over half the adult population. Educational attainment leans heavily towards high school graduates, but a notable segment has some college education without a degree. The majority age brackets sit within the working-age population, though there’s a considerable number of young and elderly residents as well. Racially, the county features a significant African American community... Read more
Race Distribution in Troup County, Georgia (2022)
Educational Attainment in Troup County, Georgia (2022)
Age Distribution in Troup County, Georgia
Citizen Population in Troup County, Georgia (2022)
Political Trends & Data
In Troup County, Georgia, the 2020 U.S. Presidential Election results revealed a strong Republican leaning, with about 60% of votes for the GOP and around 38.5% for Democrats. The Libertarian party captured just over 1%. This suggests entrenched party loyalties or a reflection of the broader political landscape in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Troup County, Georgia, the 2020 U.S. Presidential Election results suggest a strong Republican leaning, with approximately 60% of the votes going to the Republican party. Democrats garnered roughly 38.5%, indicating a significant, albeit smaller, presence. The Libertarian party managed just over 1% of the vote, while other parties did not make a notable impact in this county. These figures might hint at entrenched party loyalties or could reflect the broader political landscape of the region.
60.38% of voters voted for the Republican party in the 2020 Presidential Election
38.53% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Troup County, Georgia has seen its student-to-teacher ratio drop from 15 in 2014 to around 13 in 2023. This trend, now below the national average of 14, suggests improved educational quality, likely boosting property appeal. For real estate agents, this can be a key selling point, while investors and families may find the area more attractive. Insurance agents and builders might anticipate a rise in residential... Read more
Student-to-teacher ratio in Troup County, Georgia over the last 10 years
Troup County, Georgia has seen a notable decline in its student-to-teacher ratio over the past decade, dipping from 15 students in 2014 to approximately 13 by 2023. This shift is particularly significant for potential real estate investors, families considering relocation, and appraisers as it suggests improving educational environments, potentially enhancing property values. Importantly, the ratio is now below the national average of 14 students per teacher, indicating more personalized attention for students and possibly signaling a draw for families prioritizing quality education. For insurance agents and builders, these trends might imply increasing demand for residential spaces, while for real estate agents, it points to a possible selling point for homes in the area.
