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Community Demographics
Fannin County is the 13th fastest growing housing market in the United States according to recently released U.S. Census figures on new home construction. The area continues to grow with an anticipated 20% increase in population by 2010.
Demographic Overview
|
Fannin County |
Trade Area
(20 mile area) |
2007 Population (est.) |
22,392 |
49,599 |
Projected Population (2010) |
24,141 |
53,684 |
Number of Households |
9,748 |
20,877 |
Median Household Income |
$36,080 |
$36,289 |
Area Population
|
Overall |
% Under 20 |
%21-34 |
% 35-49 |
% 50-64 |
% 65 and over |
Fannin |
22,392 |
22.2% |
17.0% |
19.3% |
19.9% |
21.6% |
Trade Area |
49,599 |
23.9% |
18.2% |
19.6% |
19.4% |
18.9% |
Source: Claritas
Fannin County was recently named one of the top five places in the United States to own a vacation home by Smart Money Magazine. While the number of permanent residents continues to steadily rise so does the number of second home owners.
Area Building Permits
|
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
Valuation of
Construction - 2006 |
Fannin |
835 |
929 |
1008 |
1100 |
813 |
548 |
$88,379,357.00 |
Union |
421 |
488 |
517 |
543 |
560 |
485 |
$75,646,869.00 |
Towns |
234 |
245 |
235 |
266 |
362 |
397 |
$72,695,083.00 |
Gilmer |
576 |
608 |
664 |
776 |
666 |
647 |
$102,226,110.00 |
Trade
Area |
2066 |
2270 |
2424 |
2685 |
2401 |
2077 |
$338,947,419.00 |
Source: U.S Census
Fannin County Real Estate Sales
|
|
2005 |
2006 |
2007 |
Total MLS Sales Reported |
1579 |
1224 |
670 |
Avg. Sales Price |
$261,275 |
$275,193 |
$248,627 |
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