Walton County Real Estate and Livability Trends
Walton County, Georgia, has seen average taxable incomes rise from about $52,000 in 2013 to around $73,400 in 2021, suggesting an economy ripe for investment. Median home values surged from $152,900 in 2015 to $267,400 in 2022, outpacing state and national growth, which signals market resilience. Real estate taxes increased from $2,372.02 in 2012 to approximately $4,387.42 in 2021, likely due to... Read more
Walton County Market Trends
Walton County, Georgia's median home values have surged from $152,900 in 2015 to $267,400 in 2022, outpacing both state and national growth, which likely signals a promising and resilient market. Residential energy tax credits hit a peak of $1,257.41 in 2021, indicating a growing trend towards energy efficiency that could boost property values by reducing utility costs. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Walton County, Georgia Over the Last 8 Years
Walton County, Georgia continues to show impressive growth in median home values over the past eight years, climbing from $152,900 in 2015 to $267,400 in 2022. This robust increase outpaces both Georgia's overall trajectory, which moved from $148,100 to $245,900 in the same period, and the national trend, where values rose from $125,500 to $179,400. For those considering real estate investments, moving, or building in Walton County, this consistent upward trend might suggest a promising and resilient market.
Residential Energy Tax Credit Per Tax Return in Walton County, GA Over the Last 9 Years
Investing in Walton County, Georgia presents an attractive opportunity given the significant rise in residential energy tax credits over the past nine years, peaking at $1,257.41 in 2021. Such incentives reflect a growing commitment to energy efficiency, potentially lowering utility costs and increasing property values. This trend is particularly beneficial for those building new homes or renovating existing properties, making it a wise consideration for long-term investment.
Average Real Estate Taxes Per Tax Return in Walton County, GA Over the Last 10 Years
Walton County, Georgia has experienced a noticeable uptick in average real estate taxes over the past decade, climbing from $2,372.02 in 2012 to around $4,387.42 in 2021, signaling potential increases in property values or adjustments to tax rates. The period between 2017 and 2018 showed a particularly sharp rise to $3,878.74, highlighting a significant tax leap that could indicate economic changes. Such trends may be crucial for real estate agents, property developers, and investors when evaluating market conditions and property management strategies in the area.
Percentage of Farm Returns in Walton County, GA Over the Last 10 Years
Farm tax returns, representing approximately 1.15% in 2012, have shown a gradual decline over the past decade in Walton County, Georgia, dropping to around 0.89% by 2021. Although there's slight variability year-to-year, the overall trend suggests a steady decrease. This might be indicative of shifting economic priorities or changes in the agricultural sector locally. For potential investors or residents, this trend could hint at evolving land use patterns, which may affect future property values and development opportunities.
Number of Mortgages by Occupancy Type in Walton County, GA Over the Last 5 Years in Walton County
Walton County, Georgia, has seen fluctuating mortgage counts over the past five years with a noticeable concentration in principal residences increasing dramatically in 2021 and 2020. Investment property mortgage counts have generally held stable, though slightly declining, while second residences have consistently remained a very small segment. These trends could be indicative of a growing residential market, possibly driven by economic movements or appeal of suburban living, and may suggest a strong emphasis on long-term residency versus speculative or secondary property ownership. This is crucial for investors and developers considering market dynamics and potential return on investment, while appraisers and insurance agents might find it vital in tailoring their valuations and policies respectively. Understanding these shifts helps real estate professionals and those considering a move to Walton County make more informed decisions in a market that, while stable in investment properties, shows a strong trend towards primary residential growth.
Economic Outlook
Over the past nine years, Walton County, Georgia has seen a steady rise in average taxable incomes, moving from approximately $52,000 in 2013 to about $73,400 in 2021. This upward trend, coupled with an increase in state and local income taxes from $4,464.12 to $8,238.56, suggests a thriving local economy with potential for further investments. Additionally, the average total tax liability has grown from $7,086.44 in 2012 to $11,106.23 in 2021, indicating heightened economic activity and income... Read more
Average Taxable Income per Tax Return in Walton County, GA over the last 9 years
Over the past nine years, the average taxable income per tax return in Walton County, Georgia has generally trended upwards. Starting at approximately $52,000 in 2013 and rising to around $73,400 in 2021, these figures suggest a steady increase in income levels. This could be indicative of a growing local economy, potentially making Walton County an appealing area for investments and property development. The notable jump from 2020 to 2021 might underscore recent economic boosts or demographic shifts.
Average State and Local Income Taxes Per Tax Return in Walton County, GA Over the Last 10 Years
Over the past decade, Walton County, Georgia has seen a significant rise in average state and local income taxes per tax return, jumping from $4,464.12 in 2012 to $8,238.56 in 2021. This near-doubling of tax obligations speaks to a possible increase in local economic activity and rising incomes, which can be attractive to investors and builders considering the area. With taxes reflecting greater fiscal capacity, this trend may also suggest enhanced infrastructure and public services, benefiting current and prospective residents alike.
Average Total Tax Liability Per Tax Return in Walton County, GA Over the Last 10 Years
Over the past decade in Walton County, Georgia, there's been a notable upward trend in the average total tax liability per tax return, escalating from $7,086.44 in 2012 to $11,106.23 in 2021. This surge underscores rising economic activity or income levels, making Walton County an increasingly significant area for investment and property development. For potential residents or investors, this trend highlights the area's growing financial responsibility and potential for economic growth.
Cost of Living in Walton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,513 | $1,448 | $1,896 | $1,313 | $1,537 |
| 1 adult 4 children | $1,513 | $1,182 | $1,449 | $1,313 | $1,637 |
| 2 adults 3 children | $1,513 | $1,183 | $1,645 | $1,313 | $1,273 |
| 1 adult 3 children | $1,513 | $966 | $1,199 | $1,313 | $1,387 |
| 2 adults 2 children | $1,243 | $968 | $1,394 | $1,148 | $1,064 |
| 1 adult 2 children | $1,243 | $723 | $948 | $1,148 | $1,080 |
| 2 adults 1 child | $1,243 | $765 | $1,143 | $614 | $995 |
| 1 adult 1 child | $1,243 | $494 | $697 | $614 | $867 |
| 2 adults | $1,101 | $615 | $893 | $0 | $855 |
| 1 adult | $1,077 | $335 | $446 | $0 | $726 |
Safety trends & Data
Walton County, Georgia has experienced varying property crime rates over the past five years. Burglary and larceny-theft arrests have generally decreased from 2018 to 2022, which could be appealing for potential homeowners and investors. However, cases of vandalism spiked significantly in 2022, with 41 reported incidents compared to just 16 in 2018. Arson reports, though generally rare, also saw an unusual increase in 2022. These fluctuating crime trends are important for anyone considering... Read more
Property Crime Trends in Walton County, GA Over the Last 5 Years
Walton County, Georgia has seen fluctuations in property crime over the past five years, with noteworthy decreases in burglary and larceny-theft arrests from 2018 to 2022. However, vandalism cases spiked in 2022, reaching 41 reported incidents compared to only 16 in 2018. Arson reports remain sparse but did see an unusual peak in 2022. Understanding these trends is crucial for investors, potential residents, and real estate professionals as they navigate property values and neighborhood safety.
Demographics
Walton County, Georgia showcases a somewhat balanced gender distribution in its adult population, slightly tipping towards females. Educational attainment highlights a significant portion with some college experience but no degree, while high school graduates form the largest group. Age distribution is diverse, with notable proportions in both young and middle-aged demographics. The race composition is predominantly White, followed by a smaller, but meaningful, African American... Read more
Race Distribution in Walton County, Georgia (2022)
Educational Attainment in Walton County, Georgia (2022)
Age Distribution in Walton County, Georgia
Citizen Population in Walton County, Georgia (2022)
Political Trends & Data
Walton County, Georgia, displayed a strong Republican inclination in the 2020 Presidential Election, with approximately 74% of the vote favoring the GOP. The Democratic support was around 25%, and the Libertarian influence was marginal at a little over 1%. This political landscape may hint at the community's conservative values, potentially influencing local policy and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Walton County, Georgia, saw a significant leaning towards the Republican party in the 2020 Presidential Election, with roughly 74% of the vote. The Democratic party garnered about 25%, while the Libertarian presence was fairly minimal at just over 1%. This trend suggests a strong Republican preference in the region, with minimal competition from other parties.
74.06% of voters voted for the Republican party in the 2020 Presidential Election
24.82% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Walton County, Georgia has experienced slight fluctuations in its student-to-teacher ratio over the last decade, generally staying around sixteen students per teacher, compared to the national average of fourteen. Real estate investors and potential residents might find this data relevant, as larger class sizes can impact the quality of education and community appeal. This is valuable information for real estate agents and appraisers, as regions with lower student-to-teacher ratios often... Read more
Student-to-teacher ratio in Walton County, Georgia over the last 10 years
Over the last decade, Walton County, Georgia has seen slight fluctuations in its student-to-teacher ratio, mostly hovering around sixteen students per teacher. This ratio is somewhat higher than the current national average of fourteen students per teacher, which could indicate larger class sizes. For potential investors or those considering moving to the county, this might be a relevant factor as it could influence the quality of education and overall community appeal. Real estate agents and appraisers should keep this in mind, as areas with lower student-to-teacher ratios are often more attractive to families. Insurance agents might also take note, as changes in population and school infrastructure can affect policy considerations.
