North Carolina Real Estate and Livability Trends
North Carolina has seen a significant rise in average taxable income, climbing from $54,557.95 in 2013 to $82,369.42 in 2021, indicating robust economic growth that might drive higher property values. Median home values have jumped from $154,900 in 2015 to $234,900 in 2022, outpacing national trends and reflecting the state's growing appeal. Real estate taxes per return increasing to $4,666.48 in... Read more
North Carolina Market Trends
In North Carolina, median home values have surged from $154,900 in 2015 to $234,900 in 2022, outpacing national trends and potentially signaling the state's growing appeal. Residential energy tax credits have varied widely, spiking to $2,505.33 in 2018 before normalizing but still trending upward, indicating a possible focus on energy-efficient homes. Real estate taxes per return have steadily... Read more
Median Value of Occupied Housing Units in North Carolina Over the Last 8 Years
Over the last eight years, median home values in North Carolina have seen a steady increase from $154,900 in 2015 to $234,900 in 2022. This growth is considerably more pronounced compared to the national median, which rose from $125,500 in 2015 to $179,400 in 2022. This trend could indicate North Carolina's growing appeal and might suggest a more dynamic real estate market. Investors might find this growth rate appealing, while potential residents could view it as a sign of the state’s rising desirability.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in North Carolina over the last 10 years
Active Loans 30-60 Days Past Due in North Carolina over the last 10 years in North Carolina
Perent of loans that are Active Loans 90-180 Days Past Due in North Carolina over the last 10 years in North Carolina
Residential Energy Tax Credit Per Tax Return in North Carolina Over the Last 9 Years
Residential energy tax credits in North Carolina have shown significant variability over the past nine years, with some years seeing dramatic increases. For instance, the average credit per tax return spiked to $2,505.33 in 2018 from $783.39 in 2017, a notable surge that could indicate increased incentives for energy-efficient home improvements or policy shifts. Despite a drop to $1,306.82 in 2019, the trend generally suggests rising credits, reaching $1,537.31 in 2021. This volatility and overall upward trend may indicate growing support for sustainable energy investments, which could entice potential homeowners, investors, and real estate professionals interested in energy-efficient properties.
Average Real Estate Taxes Per Tax Return in North Carolina Over the Last 10 Years
Real estate taxes per tax return in North Carolina have shown a steady increase over the past decade, starting at $2,631.85 in 2012 and rising to $4,666.48 by 2021. This notable growth, especially the significant jump between 2017 and 2018, could influence decisions for potential investors, homeowners, appraisers, and real estate agents, suggesting a robust or possibly strained property market. For those looking to build or buy property, this upwards trend might imply higher carrying costs in the future. Similarly, insurance agents may want to factor in these increasing property taxes when advising their clients.
Percentage of Farm Returns in North Carolina Over the Last 10 Years
The percentage of farm returns in North Carolina has experienced a gradual decline over the past decade. Starting at about 1.09% in 2012, it slightly decreased each year, reaching approximately 0.79% by 2021. Farm tax returns, which reflect the income reported from farming activities, are key indicators of the agricultural sector's health and output. Such a trend might suggest a shift in economic activities or land use priorities. For potential investors, property developers, or anyone considering moving to or within North Carolina, this could imply evolving market opportunities or challenges in the agricultural landscape. Understanding these nuances is crucial for making informed decisions in the region's real estate and agricultural sectors.
Economic Outlook
In North Carolina, the average taxable income per tax return has jumped from $54,557.95 in 2013 to $82,369.42 in 2021, signaling substantial economic growth. This trend appeals to investors and new residents, suggesting an expanding market, potentially pushing up property values and attractiveness for real estate agents. The average state and local income taxes per tax return have also doubled since 2012, showing a rise from around $7,064.63 to about $14,534.35 in 2021, which may reflect... Read more
Average Taxable Income per Tax Return in North Carolina over the last 9 years
Over the last nine years, the average taxable income per tax return in North Carolina has shown a steady upward trend, with a significant increase from $54,557.95 in 2013 to $82,369.42 in 2021. This consistent growth may suggest a strengthening economy, potentially making the state an attractive option for investors and new residents. Real estate agents and property developers might find the increasing income levels encouraging for the housing market, while appraisers and insurance agents could see implications for property valuations and risk assessments.
Average State and Local Income Taxes Per Tax Return in North Carolina Over the Last 10 Years
Over the last decade, North Carolina has seen a notable increase in the average state and local income taxes per tax return, rising from about $7,064.63 in 2012 to approximately $14,534.35 in 2021. This upward trend might indicate a robust economic environment, potentially attracting investors and new residents looking for economic stability. The significant jumps starting around 2018, more than doubling in just a few years, could reflect policy changes or economic growth impacting tax burdens. Such data can be crucial for real estate agents, appraisers, and insurance agents as they evaluate the financial dynamics of ventures in the area. For those considering moving or investing, the increasing tax trend may imply a growing local economy but could also warn of higher living costs.
Average Total Tax Liability Per Tax Return in North Carolina Over the Last 10 Years
Over the last decade, North Carolina has seen a notable increase in the average total tax liability per tax return, climbing from around $9,179.04 in 2012 to approximately $14,630.56 in 2021. This upward trend could suggest a growing economy, increased incomes, or changes in tax policies within the state. For investors, homeowners, and insurance agents, this data may indicate a rising cost of living and potentially higher property values. Real estate agents and potential buyers might see this as a sign of the state's increasing desirability and development.
Cost of Living in North Carolina
Safety trends & Data
North Carolina's property crime landscape has shifted over the past five years, with significant declines in fraud arrests (32,549 in 2018 to 16,408 in 2022) and larceny-theft (9,407 in 2018 to 5,246 in 2022). However, arson arrests showed some inconsistency, peaking at 1,724 in 2018 before falling to 1,323 in 2022. These trends could interest investors, real estate developers, and insurance agents as they assess risk and market conditions in the... Read more
Property Crime Trends in North Carolina Over the Last 5 Years
Over the past five years, North Carolina has seen fluctuating trends in property crime, with significant reductions in some categories. Notably, fraud arrests dropped markedly from 32,549 in 2018 to 16,408 in 2022. Larceny-theft also showed a notable decline, falling from 9,407 in 2018 to 5,246 in 2022. Conversely, arson arrests showed variability, peaking at 1,724 in 2018 before falling to 1,323 in 2022. This nuanced trend suggests a shifting landscape in property crime, likely of interest to investors, real estate developers, and insurance agents evaluating risk and market conditions in the state.
Demographics
North Carolina's adult population skews slightly female, with around 4 million women compared to roughly 3.7 million men. Educational attainment appears varied, showing a significant portion of the population holding at least a high school diploma, while nearly 1.5 million have attended college without earning a degree. Age distribution suggests a relatively balanced spread across age groups, but those aged 25 to 34 years represent the largest segment, potentially hinting at a robust... Read more
Race Distribution in North Carolina (2022)
Educational Attainment in North Carolina (2022)
Age Distribution in North Carolina
Citizen Population in North Carolina (2022)
Political Trends & Data
In North Carolina, the 2020 U.S. Presidential Election results revealed a tight race between Republicans and Democrats, each capturing approximately 12% of the vote share. Third parties, like the Libertarian and Green parties, received minimal support, hinting at a preference for the established two-party system. This competitive environment suggests that even minor changes in voter sentiment could heavily influence future electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In North Carolina, the Republican and Democrat parties seemingly dominated the 2020 U.S. Presidential Election, with Republicans slightly edging out Democrats by a narrow margin, each securing around 12% of the vote share. Third parties, including the Libertarian and Green parties, garnered minimal support, likely reflecting a more traditional two-party preference among voters. This data might suggest a deeply competitive political landscape where even small shifts in voter preference could significantly impact electoral outcomes.
12.48% of voters voted for the Republican party in the 2020 Presidential Election
12.15% of voters voted for the Democrat party in the 2020 Presidential Election
0.22% of voters voted for the Libertarian party in the 2020 Presidential Election
0.06% of voters voted for the Green party in the 2020 Presidential Election
0.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, North Carolina's student-to-teacher ratio has consistently been higher than the national average of 14 students per teacher, fluctuating from just under fifteen to nearly seventeen at its peak in 2019. These variations can influence educational outcomes, potentially affecting prospective residents' decisions and impacting real estate dynamics. For investors, appraisers, and real estate professionals, this trend offers valuable insight into community growth, school quality,... Read more
Student-to-teacher ratio in North Carolina over the last 10 years
Over the past decade, North Carolina's student-to-teacher ratio has consistently hovered above the national average of 14 students per teacher, fluctuating from just under fifteen to nearly seventeen at its peak in 2019. These variations in student-to-teacher ratios can impact everything from classroom dynamics to individualized attention for students, which in turn may influence educational outcomes. This information could be particularly relevant for prospective residents considering school quality, real estate agents emphasizing local amenities, investors evaluating community growth, and appraisers determining property values. For insurance agents and builders, understanding these trends may offer insights into the community's infrastructure needs and potential market demand.
