Wayne County Real Estate and Livability Trends
Wayne County, Georgia saw its median home values shoot up from $91,400 in 2015 to $142,200 in 2022, yet still banner rates below state and national averages, making it an attractive entry point for buyers. Average residential energy tax credits peaked at $1,740.00 in 2021, pointing to a local boom in energy-efficient upgrades. Real estate taxes also spiked, with average taxes per return jumping... Read more
Wayne County Market Trends
Wayne County, Georgia has experienced a significant rise in median home values, increasing from $91,400 in 2015 to $142,200 in 2022, yet still remains affordable compared to state and national averages. The substantial growth in the average residential energy tax credit, peaking at $1,740.00 in 2021, points to a strong investment in energy-efficient home improvements. Meanwhile, real estate taxes... Read more
Median Value of Occupied Housing Units in Wayne County, Georgia Over the Last 8 Years
Over the last eight years, Wayne County, Georgia has seen a steady rise in median home values, climbing from $91,400 in 2015 to $142,200 in 2022. While still below the state and national averages, this increase suggests a growing demand for housing in the area. By contrast, the median value in Georgia has surged from $148,100 to $245,900 in the same period, and the national median has gone from $125,500 to $179,400. For those interested in more affordable housing markets, Wayne County could be an attractive option due to its relatively lower prices compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Wayne County, GA Over the Last 9 Years
Wayne County, Georgia has seen a notable increase in the average residential energy tax credit per tax return over the past nine years, surging from $309.52 in 2013 to a peak of $1,740.00 in 2021. This sharp rise, particularly the significant jump in 2018, suggests growing investments in energy-efficient home improvements. This trend highlights the county's commitment to sustainability and could be a major draw for investors and homeowners looking to capitalize on energy tax credits and reduce long-term energy costs.
Average Real Estate Taxes Per Tax Return in Wayne County, GA Over the Last 10 Years
Wayne County, Georgia has seen fluctuating real estate taxes over the last decade, with notable increases in recent years. The average real estate tax per return increased from approximately $2,020.25 in 2012 to around $2,771.43 in 2021. The most significant jumps happened between 2017 and 2019, rising from about $1,991.48 to approximately $3,071.00. These trends could be indicative of rising property values or changes in tax policy, making it a point of consideration for prospective buyers, investors, and real estate professionals.
Percentage of Farm Returns in Wayne County, GA Over the Last 10 Years
Wayne County, Georgia has seen a slight but consistent decline in the percentage of farm tax returns over the last decade, dropping from around 4.08% in 2012 to approximately 3.25% in 2021. Farm tax returns, essentially the tax filings from agricultural activities, provide insight into the economic health of the farming sector within the county. This trend suggests a gradual reduction in farming activities or profitability, which might interest potential investors or new residents who are evaluating the local economy and considering opportunities for development or business ventures.
Number of Mortgages by Occupancy Type in Wayne County, GA Over the Last 5 Years in Wayne County
In Wayne County, Georgia, the trend shows a consistent dominance of mortgages for principal residences, noticeably higher each year compared to investment and second residences. Investment properties saw a decline from 113 in 2018 to 66 in 2021, indicating a potential decrease in real estate investments. Conversely, second residence mortgages have shown some fluctuations but remain relatively stable with a slight increase. These shifts could signal changing priorities among buyers, influencing property market dynamics, insurance rates, and investment strategies. Real estate agents and investors in the area should pay attention to these trends for informed decision-making and market positioning.
Economic Outlook
Wayne County, Georgia has experienced a steady rise in average taxable income, climbing from about $42,344.78 in 2013 to approximately $54,141.31 in 2021. This trend implies a potentially strengthening local economy, which may attract investors and property developers. Concurrently, average state and local income taxes have surged from $4,431.25 in 2012 to $7,712.07 in 2021, indicating either economic growth or shifts in tax policies. In parallel, residents have seen an increase in average... Read more
Average Taxable Income per Tax Return in Wayne County, GA over the last 9 years
Average taxable income per tax return in Wayne County, Georgia has shown a generally upward trend over the last nine years, with figures rising from approximately $42,344.78 in 2013 to about $54,141.31 in 2021. Steady growth in taxable income suggests a strengthening local economy, which could present opportunities for investors and property developers. This growth is particularly notable from 2016 onwards, indicating possibly increasing earning potentials and economic resilience within the county.
Average State and Local Income Taxes Per Tax Return in Wayne County, GA Over the Last 10 Years
Over the past decade, Wayne County, Georgia has seen a significant rise in average state and local income taxes per tax return, jumping from $4,431.25 in 2012 to $7,712.07 in 2021. This trend underscores a steady increase, particularly noticeable from 2017 onwards, which could reflect economic growth or changes in tax policies. For potential investors, property builders, and residents, understanding these tax trends is crucial for financial planning and assessing the area's fiscal environment.
Average Total Tax Liability Per Tax Return in Wayne County, GA Over the Last 10 Years
Wayne County, Georgia, shows a notable upward trend in average total tax liability per tax return over the past decade, with an increase from $5,950.63 in 2012 to $7,141.60 in 2021. This upward trend, especially the significant jump in 2017, suggests growing financial burdens for residents, which could impact decisions for potential investors and those considering a move to the area. While the increase highlights economic growth, it also calls attention to rising financial responsibilities for taxpayers.
Cost of Living in Wayne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $970 | $1,291 | $1,425 | $1,048 | $840 |
| 1 adult 4 children | $970 | $1,054 | $1,087 | $1,048 | $866 |
| 2 adults 3 children | $970 | $1,055 | $1,237 | $1,048 | $681 |
| 1 adult 3 children | $970 | $861 | $899 | $1,048 | $686 |
| 2 adults 2 children | $772 | $863 | $1,050 | $908 | $618 |
| 1 adult 2 children | $772 | $645 | $712 | $908 | $552 |
| 2 adults 1 child | $772 | $682 | $863 | $454 | $607 |
| 1 adult 1 child | $772 | $441 | $525 | $454 | $520 |
| 2 adults | $586 | $548 | $676 | $0 | $534 |
| 1 adult | $583 | $299 | $338 | $0 | $490 |
Safety trends & Data
Wayne County, Georgia, has seen fluctuating property crime trends over the past five years. Larceny-theft incidents spiked in 2018 and 2019, dropped sharply in 2020, and then slightly increased through 2021 and 2022. While burglary rates have been relatively stable, there were spikes in 2018 and 2021. Motor vehicle theft and fraud have generally remained low but steady. However, vandalism has notably increased since 2020, raising concerns within the community. These trends could be key for... Read more
Property Crime Trends in Wayne County, GA Over the Last 5 Years
Over the past five years, Wayne County, Georgia, has shown fluctuating trends in various property crimes. While incidents of larceny-theft were significantly higher in 2018 and 2019, they saw a sharp decline in 2020, before slightly increasing again in 2021 and 2022. Burglary rates appear to have remained relatively stable with occasional spikes, notably in 2018 and 2021. Cases of motor vehicle theft and fraud have generally stayed low but constant. Vandalism, meanwhile, has seen a notable increase since 2020, suggesting a rising concern in the community. For those investing in real estate or new residents, understanding these trends could be crucial for informed decision-making regarding property security and neighborhood choices.
Demographics
Wayne County, Georgia shows a relatively balanced gender distribution with nearly equal numbers of males and females. The educational attainment levels suggest a strong community of high school graduates, but a notable portion still does not hold diplomas or higher education degrees. Age distribution highlights a considerable percentage of the population in the working-age bracket of 25 to 64 years, which could imply a steady labor force. Racial composition predominantly identifies as White,... Read more
Race Distribution in Wayne County, Georgia (2022)
Educational Attainment in Wayne County, Georgia (2022)
Age Distribution in Wayne County, Georgia
Citizen Population in Wayne County, Georgia (2022)
Political Trends & Data
Wayne County, Georgia, appears to have exhibited a notable Republican preference in the 2020 Presidential Election, with the GOP potentially securing over 78% of the votes. Democratic support was around 21%, and Libertarians barely made a dent at roughly 0.8%. The absence of major third-party influences, such as the Green Party, suggests a strong partisan alignment, possibly impacting local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wayne County, Georgia, may have shown a significant lean toward the Republican Party in the 2020 U.S. Presidential Election, capturing potentially over 78% of the vote. Democrats seemingly garnered just about 21%, while Libertarian candidates were barely a blip on the radar with roughly 0.8%. No substantial third-party or independent presence, like the Green Party, was noted. This marked political landscape could imply strong partisan alignment within the county.
78.16% of voters voted for the Republican party in the 2020 Presidential Election
21.03% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Wayne County, Georgia has seen a decline in the student-to-teacher ratio from over fifteen students per teacher in 2014 to around fourteen in recent years, aligning it closely with the national average. This trend toward smaller class sizes could mean enhanced individual attention and better academic outcomes, making the area more attractive to families. For real estate professionals, this signals potentially higher property values and a more appealing community, which are key factors for... Read more
Student-to-teacher ratio in Wayne County, Georgia over the last 10 years
Over the past decade, Wayne County, Georgia has experienced a noticeable decrease in the student-to-teacher ratio, dropping from just over fifteen students per teacher in 2014 to around fourteen in the last few years. This shift implies smaller class sizes, which could potentially enhance individual student attention and academic performance. Compared to the national average of fourteen students per teacher, Wayne County has recently managed to align itself closely with, or even better, this benchmark. These changes may interest potential investors, educators, and real estate professionals, as they suggest improving educational conditions, which often translate to a more appealing community for families and potentially higher property values.
