Alamance County Real Estate and Livability Trends
Alamance County, North Carolina, showcases student-to-teacher ratios around 15 students per teacher, slightly above the national average. This could potentially impact property values, as larger class sizes might affect educational quality. Property crime trends have fluctuated, with larceny-theft peaking in 2019 but decreasing by 2022, while motor vehicle theft has gradually risen. This evolving... Read more
Alamance County Market Trends
Median home values in Alamance County, North Carolina have risen steadily, from $138,100 in 2015 to $197,700 in 2022, while remaining more affordable compared to the state average of $234,900. Residential energy tax credits have fluctuated widely, peaking at $2,370.00 in 2018, hinting at a trend towards energy-efficient home improvements. Real estate taxes have consistently climbed, from... Read more
Median Value of Occupied Housing Units in Alamance County, North Carolina Over the Last 8 Years
Median home values in Alamance County, North Carolina have shown a steady increase over the past eight years, starting at $138,100 in 2015 and jumping to $197,700 in 2022. These local trends reflect a broader rise in home values seen both statewide and nationally, although Alamance County's growth has been more moderate compared to North Carolina's considerable climb to $234,900 in 2022. Interestingly, both the county and state have consistently outpaced the national median, which reached $179,400 in 2022. This data suggests Alamance County may offer relatively affordable investment opportunities and could appeal to those looking to capitalize on a growing market without the state's higher price points.
Residential Energy Tax Credit Per Tax Return in Alamance County, NC Over the Last 9 Years
Over the past nine years, Alamance County, North Carolina has experienced significant fluctuation in the average residential energy tax credit per tax return. Starting from $352.86 in 2013, there was a notable increase, peaking at $2,370.00 in 2018. Though it slightly decreased to $1,493.85 in 2019, it still indicates a growing trend. This suggests increasing investment in energy-efficient home improvements might be attracting homeowners and investors who are keen on sustainability. Insights from these trends could be beneficial for real estate agents, property developers, and insurance providers looking to target environmentally conscious residents.
Average Real Estate Taxes Per Tax Return in Alamance County, NC Over the Last 10 Years
In Alamance County, North Carolina, average real estate taxes per tax return have seen a notable upward trend over the last decade. From $2,006.16 in 2012 to $3,493.37 in 2021, these rising costs highlight potentially increasing property values and local economic growth. Particularly significant is the sharp jump in 2018, suggesting a possible reevaluation of property assessments or shifts in local tax policy that year. For investors, this trend could indicate growing desirability and robust market activity in the area. Homebuyers, insurance agents, and real estate professionals may want to consider these tax trends as a factor in the financial landscape of owning property in Alamance County.
Percentage of Farm Returns in Alamance County, NC Over the Last 10 Years
Over the last decade, Alamance County, North Carolina has seen a gradual decline in the percentage of farm tax returns, dropping from about 1.10% in 2012 to roughly 0.74% in 2021. Farm tax returns represent the subset of tax filings specifically from agricultural operations, indicative of local agricultural activity levels. This downward trend could suggest shifting economic priorities or decreasing agricultural engagement in the area, which might influence investment decisions, property values, and community interests tied to rural and agricultural developments. Potential investors, developers, or future residents might find these trends relevant when considering the long-term economic landscape and opportunities in Alamance County.
Number of Mortgages by Occupancy Type in Alamance County, NC Over the Last 5 Years in Alamance County
Alamance County, North Carolina, has seen shifts in mortgage counts, with principal residences consistently dominating the market. There's a noticeable increase from 7,267 in 2018 to a peak of 12,309 in 2021, but a dip to 8,595 in 2022. Investment properties have also risen, from 336 in 2018 to 648 in 2022, highlighting growing investor interest. Changes in occupancy types can influence market dynamics, impacting housing availability, local economy, and property values. For investors, more investment properties might mean stiffer competition but also potential for increased rental income. For those moving to the area, knowing the ratio of principal residences to investment properties can provide insights into community stability and long-term living conditions. Real estate agents and appraisers can better gauge market trends and property valuations, while insurance agents might adjust risk assessments based on the types of properties being insured.
Economic Outlook
Alamance County, North Carolina, has seen a spike in average taxable income per tax return from $56,753.46 in 2020 to $67,597.14 in 2021, hinting at a burgeoning local economy. State and local income taxes per tax return also rose sharply post-2018, reaching $10,285.39 by 2021, which could affect real estate investments and living expenses. The total tax liability per tax return has climbed to $10,094.28 in 2021, suggesting rising incomes or tax code changes. Meanwhile, the poverty rate... Read more
Average Taxable Income per Tax Return in Alamance County, NC over the last 9 years
Alamance County, North Carolina has observed a steady increase in the average taxable income per tax return over the past nine years, with a particularly notable spike from $56,753.46 in 2020 to $67,597.14 in 2021. This upward trend may suggest a strengthening local economy and rising incomes, making it worth consideration for potential investors, real estate developers, and those contemplating relocation. The consistent growth in average taxable income could also impact property valuations and insurance assessments in the region.
Average State and Local Income Taxes Per Tax Return in Alamance County, NC Over the Last 10 Years
In Alamance County, North Carolina, average state and local income taxes per tax return have shown a substantial increase over the past decade. From just under $5,712.00 in 2012, the figure has seen fluctuations but experienced a significant jump starting in 2018, reaching $10,285.39 by 2021. For those interested in moving to or investing in Alamance County, this rise in state and local taxes could be a key consideration, impacting everything from real estate decisions to overall living expenses. This trend may also influence property appraisals and insurance rates, making it a crucial piece of data for appraisers and insurance agents considering the area.
Average Total Tax Liability Per Tax Return in Alamance County, NC Over the Last 10 Years
Over the past decade, Alamance County in North Carolina has seen a notable upward trend in average total tax liability per tax return. Starting from $6,913.61 in 2012, there's been a steady climb, peaking dramatically at $10,094.28 in 2021. This shift could influence decisions for potential investors, appraisers, and real estate agents, hinting at rising incomes or possibly changes in the tax code. For those looking to move or build property here, understanding these patterns is crucial, as it could impact your financial planning and investment strategies.
Cost of Living in Alamance County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,285 | $1,476 | $1,838 | $1,287 | $1,303 |
| 1 adult 4 children | $1,285 | $1,205 | $1,405 | $1,287 | $1,408 |
| 2 adults 3 children | $1,285 | $1,206 | $1,595 | $1,287 | $1,064 |
| 1 adult 3 children | $1,285 | $984 | $1,162 | $1,287 | $1,154 |
| 2 adults 2 children | $1,023 | $987 | $1,352 | $1,135 | $911 |
| 1 adult 2 children | $1,023 | $737 | $919 | $1,135 | $848 |
| 2 adults 1 child | $1,023 | $780 | $1,109 | $641 | $824 |
| 1 adult 1 child | $1,023 | $504 | $676 | $641 | $698 |
| 2 adults | $837 | $627 | $866 | $0 | $661 |
| 1 adult | $714 | $342 | $433 | $0 | $556 |
Safety trends & Data
Alamance County, North Carolina has seen notable fluctuations in property crime over the past five years, with larceny-theft peaking in 2019 at 637 incidents but then decreasing to 429 by 2022. Burglary rates have been relatively stable, despite some annual variations, while motor vehicle theft has been on a gradual rise, reaching 51 cases in 2022. Vandalism and fraud have shown minor annual variations, suggesting a somewhat consistent trend. For investors, real estate agents, and insurance... Read more
Property Crime Trends in Alamance County, NC Over the Last 5 Years
Alamance County, North Carolina has experienced notable fluctuations in property crime over the past five years, with larceny and burglary consistently representing a significant portion of incidents. Larceny-theft peaked in 2019 at 637 occurrences but showed a noticeable decrease by 2022 to 429 incidents. Burglary rates have remained relatively stable, though there was a decrease in 2020 followed by a slight increase in subsequent years. Motor vehicle theft has been on a gradual rise, reaching 51 cases in 2022. Vandalism and fraud appear to have some consistency, with minor variations on an annual basis. Understanding these trends is crucial for prospective investors, real estate agents, and insurance agents, as they reflect the evolving security landscape of the community.
Demographics
Alamance County, North Carolina reflects a varied demographic landscape with a slightly higher female population compared to males. The educational attainment levels highlight a significant portion of residents achieving a high school diploma or some college education, though fewer advance to graduate degrees. The age distribution suggests a considerable number of residents in the 25 to 34-year range, indicative of potentially vibrant workforce dynamics. Racial composition is predominantly... Read more
Race Distribution in Alamance County, North Carolina (2022)
Educational Attainment in Alamance County, North Carolina (2022)
Age Distribution in Alamance County, North Carolina
Citizen Population in Alamance County, North Carolina (2022)
Political Trends & Data
In Alamance County, North Carolina, the 2020 U.S. Presidential Election showed the Republican Party slightly ahead with roughly 53.5% of the vote, while the Democrats trailed closely at about 45.1%. The minor parties, such as Libertarian and Green, held negligible shares, suggesting a predominantly two-party competition. This voting trend hints at a conservative tilt for Alamance County, though the Democrats' significant showing cannot be... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Alamance County, North Carolina, the Republican Party appears to have had a slight edge in the 2020 U.S. Presidential Election, capturing around 53.5% of the vote. The Democratic Party seemed to follow with approximately 45.1%. Minor parties like the Libertarian and Green parties accounted for negligible shares, hinting at a predominantly two-party competition in this region. This voting pattern could suggest Alamance County leans somewhat more conservative, though the Democrats made a significant showing.
53.50% of voters voted for the Republican party in the 2020 Presidential Election
45.10% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Alamance County in North Carolina shows fluctuating student-to-teacher ratios around 15 students per teacher, slightly above the national average of 14. Larger class sizes might impact individual student attention and overall educational quality, which can influence property values. Recognizing these trends helps real estate agents, appraisers, and insurance agents better evaluate homes, as educational quality is a key factor in local real estate... Read more
Student-to-teacher ratio in Alamance County, North Carolina over the last 10 years
Alamance County in North Carolina has shown fluctuating student-to-teacher ratios over the past decade, with numbers generally hovering around 15 students per teacher. For those looking to invest or move here, it's insightful to note that these figures are slightly above the national average of 14 students per teacher. This could imply larger class sizes, potentially affecting individual student attention and overall educational quality. For real estate agents, appraisers, and insurance agents, understanding these trends might assist in evaluating property values, as educational quality often plays a significant role in local real estate markets.
