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In recent years, Camden County and St. Marys, Georgia, have demonstrated remarkable growth, making them prime locations for commercial property investment. This region’s upward trajectory in population, household income, and housing ownership signals a thriving and sustainable market.
Population Growth: A Vibrant Community on the Rise
Between 2021 and 2022, the population of Camden County increased by 1.56%, growing from 54,256 to 55,105 residents. This steady rise is a testament to the area's appeal and livability. St. Marys, the county’s largest city, mirrors this trend. Over the last two decades, from 2000 to 2023, the population of St. Marys increased by 4,044 residents. In 2023 alone, the city experienced a 2.90% year-over-year growth from 2022, with the population peaking at 19,537.
Long-term growth patterns further underscore the region’s vitality. Between 2013 and 2023, the population of St. Marys increased by 11.11%. Even more impressively, Camden County’s population surged by 15.71% between 2000 and 2010, outpacing the national growth rate of 9.63%. From 2010 to 2020, the county saw an additional 8.38% increase, reflecting consistent development over the years.
Rising Household Incomes: Strengthening Economic Foundations
Economic growth in Camden County is evident in the significant rise in median household income. Between 2021 and 2022, the median household income grew by 10.5%, increasing from $61,636 to $68,104. This robust income growth enhances residents’ purchasing power, contributing to a more dynamic local economy and creating opportunities for businesses.
In 2022, Camden County was home to approximately 20,300 households, each benefiting from the region’s economic progress. This increase in median income aligns with the growing population, suggesting a strong and expanding economic base that supports new ventures and investments.
Housing Trends: A Stable and Growing Market
The housing market in St. Marys also highlights the area’s attractiveness. In 2022, 65% of the housing units in St. Marys were owner-occupied, a notable rise from 63.2% the previous year. This increase indicates growing stability in the residential market, with more residents committing to long-term living arrangements.
Kings Bay Base: A Strong Influence on the Community
Naval Submarine Base Kings Bay plays a significant role in supporting the local economy and community.
The base has an impressive economic impact of nearly $1.2 billion on the local economy. This substantial financial contribution helps stimulate various sectors, including retail, housing, and services, benefiting local businesses and residents.
With approximately 9,000 active-duty, civilian, and contract personnel employed at the base, Kings Bay serves as a major source of employment in the area. This not only provides stable jobs for individuals but also supports families and contributes to community stability.
In 2022, the population of Kings Bay Base, GA, was recorded at 2,450 people. This relatively small population indicates that the base significantly influences the local community, providing essential services and infrastructure that cater to both military personnel and their families.
Tourism & Cumberland Island: Thousands of Visitors
Cumberland Island, Georgia's largest barrier island, is a stunning destination known for its pristine beaches, rich history, and diverse ecosystems. Accessible only by ferry from St. Marys, the island offers a unique escape for nature lovers, history enthusiasts, and adventure seekers.
Cumberland Island National Seashore attracts about 60,000 to 70,000 visitors annually, depending on the year. This number includes recreational visitors but excludes private boaters, kayakers, and other groups such as scientists and private event guests. Daily visitation is currently capped at approximately 300 people to preserve the island's wilderness and cultural resources, but proposals are under consideration to increase this limit to 700 visitors daily through additional ferry services.
Yearly events such as the St. Marys Seafood Festival and attractions like the St. Marys Submarine Museum and Crooked River State Park attract tourists to St. Marys annually. This tourism, along with visitors to nearby areas, results in numerous new patrons for local businesses each year.
Why Invest in St. Marys?
St. Marys’ combination of population growth, rising incomes, and a stable housing market creates an ideal environment for commercial property investment. As the city’s population trends upward, the demand for goods, services, and retail spaces will naturally follow. The increase in household income supports higher spending, making it an attractive market for businesses seeking to establish or expand their presence.
Additionally, the city’s steady economic and demographic growth signals resilience and long-term potential. Investors in commercial properties can capitalize on this momentum, benefiting from a community that is not only growing but also thriving.
Camden County and St. Marys, GA, offer compelling opportunities for commercial property investors. With consistent population growth, rising incomes, and a strong housing market, this region is positioned for continued success. For those looking to invest in a community with a bright future, St. Marys stands out as a prime choice. Don’t miss the chance to be part of its ongoing growth and prosperity.
If you'd like to learn more about the growth of St. Marys and Camden County, the resources below offer more information.