Alleghany County Real Estate and Livability Trends
Alleghany County, North Carolina has seen its average taxable income rise from $40,939.55 in 2013 to $61,545.96 in 2021, potentially signaling a prosperous local economy that benefits real estate investors. Median home values peaked at $171,800 in 2022, offering an opportunity for budget-conscious buyers compared to the state median of $234,900. The county's real estate taxes have climbed from... Read more
Alleghany County Market Trends
Alleghany County, North Carolina has seen the median home value peak at $171,800 in 2022, still trailing the state median of $234,900 and the national median of $179,400. This suggests it could be an attractive spot for budget-conscious buyers or investors. Residential energy tax credits saw significant variation, with a high of $500.00 in 2015 contrasted by a low of $275.00 in 2021, possibly... Read more
Median Value of Occupied Housing Units in Alleghany County, North Carolina Over the Last 8 Years
Alleghany County, North Carolina has seen fluctuating median home values over the past eight years, peaking at $171,800 in 2022 after hitting a low of $126,000 in 2018. While Alleghany County's values have risen, they remain generally lower compared to North Carolina's state median, which surged to $234,900 in 2022, and the national median of $179,400. This suggests Alleghany County might offer more affordable housing options, potentially appealing to new residents or investors seeking budget-friendly opportunities relative to state and national markets.
Residential Energy Tax Credit Per Tax Return in Alleghany County, NC Over the Last 8 Years
In Alleghany County, North Carolina, residential energy tax credits have fluctuated significantly over the past eight years, reflecting varied investments in energy-efficient improvements. The average tax credit saw highs of $500.00 in 2015 and lows of $275.00 in 2021, indicating possible changes in energy policies or homeowner participation. For investors and real estate agents, these trends may hint at past energy-saving initiatives and could be a marker for evaluating future energy efficiency investments in the county. Appraisers and insurance agents might find these figures useful for assessing property values and energy liabilities among residential properties.
Average Real Estate Taxes Per Tax Return in Alleghany County, NC Over the Last 10 Years
Over the past decade in Alleghany County, North Carolina, average real estate taxes per tax return have seen a noticeable upward trend, jumping from $1,783.72 in 2012 to a peak of $3,952.63 in 2020. Notably, there was a substantial increase between 2017 and 2018 where taxes surged from $2,074.03 to $3,071.43. These fluctuations may indicate significant changes in property values or county tax policies. For prospective investors, appraisers, and real estate agents, this pattern suggests a shifting financial landscape that could impact property investment decisions.
Percentage of Farm Returns in Alleghany County, NC Over the Last 10 Years
The percentage of farm tax returns in Alleghany County, North Carolina, has exhibited a slight downward trend over the past decade, fluctuating from a high of roughly 10.11% in 2013 to about 7.68% in 2021. Farm tax returns represent the portion of income tax returns filed by agricultural operations, which can be an indicator of the agricultural sector's economic health and its role in the local economy. This gradual decline might suggest a shift in the county's economic focus or changes in agricultural profitability and land use. Investors, builders, and potential residents might find this data relevant, particularly in gauging the viability of agricultural ventures or anticipating shifts in land values and community development priorities.
Number of Mortgages by Occupancy Type in Alleghany County, NC Over the Last 5 Years in Alleghany County
In Alleghany County, North Carolina, the trends in mortgage counts indicate a significant demand for principal residences compared to investment and second residences. Over the past five years, principal residences consistently showed higher mortgage numbers, peaking at 623 in 2021, while investment properties and second residences showed more modest figures. Changes in occupancy type are crucial as they signal shifting demographics and housing needs; for instance, rising principal residence mortgages might suggest increasing permanent population, which could drive up home values and local economy. Investors and real estate agents might find these trends useful for assessing market stability and planning development or investment opportunities accordingly.
Economic Outlook
The average taxable income in Alleghany County, North Carolina, has risen from $40,939.55 in 2013 to $61,545.96 in 2021, indicating a potentially thriving local economy. This trend matters for real estate investors and agents as it suggests a market with increasing affluence. State and local income taxes have also shown significant growth, with notable jumps between 2017 and 2019 and a consistent upward trend, implying rising incomes or local tax rates. Total tax liability has fluctuated but... Read more
Average Taxable Income per Tax Return in Alleghany County, NC over the last 9 years
The average taxable income per tax return in Alleghany County, North Carolina has shown a considerable upward trend over the past nine years. Beginning at $40,939.55 in 2013, it has steadily increased, reaching $61,545.96 in 2021. This rising income trend might suggest a strengthening local economy, potentially due to new business developments or a more affluent population moving into the area. Such an increase could be critical for real estate agents and investors, indicating a possibly flourishing market with growing income levels. Appraisers and insurance agents might also see value in these figures as an indicator of property values and risk assessments, respectively. The steady rise in taxable income may hint that Alleghany County is becoming an increasingly desirable area to live, work, and invest in.
Average State and Local Income Taxes Per Tax Return in Alleghany County, NC Over the Last 10 Years
The average state and local income taxes per tax return in Alleghany County, North Carolina have demonstrated significant growth over the past decade. Notably, there was a sharp increase between 2017 and 2019, where figures jumped from approximately $7,880.60 to $13,305.56. Despite a drop in 2020 to around $9,133.33, the amounts stayed relatively high through 2021, averaging $11,661.11. Potential investors and current residents might view this upward trend in tax obligations as indicative of rising incomes or higher local tax rates. Real estate agents and appraisers should consider these figures when advising clients, as it could impact the perceived affordability and economic profile of the area.
Average Total Tax Liability Per Tax Return in Alleghany County, NC Over the Last 10 Years
The average total tax liability per tax return in Alleghany County, North Carolina, has exhibited notable fluctuations over the past decade. Values rose from approximately $5,762.42 in 2012 to around $9,728.15 in 2021, showcasing some spikes and dips along the way, such as a peak in 2015 followed by a slight decline. These trends could be of interest to those considering investing, moving, or involved in real estate, as they suggest economic dynamics and shifts that may impact financial planning and valuation. For instance, the sharp increase in 2021 points to potential economic growth or changes in tax policies, useful insights for appraisers and insurance agents.
Cost of Living in Alleghany County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $949 | $1,295 | $1,782 | $1,153 | $1,057 |
| 1 adult 4 children | $949 | $1,057 | $1,363 | $1,153 | $1,152 |
| 2 adults 3 children | $949 | $1,058 | $1,546 | $1,153 | $861 |
| 1 adult 3 children | $949 | $864 | $1,127 | $1,153 | $871 |
| 2 adults 2 children | $780 | $866 | $1,310 | $1,002 | $761 |
| 1 adult 2 children | $780 | $647 | $891 | $1,002 | $689 |
| 2 adults 1 child | $780 | $684 | $1,074 | $512 | $701 |
| 1 adult 1 child | $780 | $442 | $655 | $512 | $587 |
| 2 adults | $593 | $550 | $839 | $0 | $577 |
| 1 adult | $589 | $300 | $419 | $0 | $521 |
Safety trends & Data
Alleghany County, North Carolina has seen varying property crime trends over the past five years that could intrigue potential investors or residents. Notable increases were recorded in burglary and larceny-theft arrests, both peaking at 8 arrests in 2022, after minimal activity just three years prior. Fraud incidents also saw a rise, reaching 6 arrests in 2022. While overall crime numbers are low, the diversity in crime types such as forgery, vandalism, and arson suggests a detailed analysis... Read more
Property Crime Trends in Alleghany County, NC Over the Last 5 Years
Property crime trends in Alleghany County, North Carolina over the past five years highlight fluctuations in various categories. Burglary arrests saw a notable increase, peaking at 8 in 2022, while Larceny - Theft arrests rose to 8 the same year after ebbing as low as 1 in 2019. Fraud incidents also spiked to 6 arrests in 2022, adding to the complex picture for potential investors or residents evaluating safety and economic stability in the area. Although generally low, the diversity in crime types like Forgery, Vandalism, and Arson suggests a multifaceted understanding of property crime is prudent for those involved with real estate, insurance, and appraisals.
Demographics
Alleghany County, North Carolina, reveals some intriguing demographic trends. The gender distribution is relatively balanced, with a slight female majority. In terms of educational attainment, the highest proportion of residents are high school graduates, followed by those who have attended some college without earning a degree. The age distribution shows a significant percentage of the population aged 55 to 74, pointing towards a possibly aging community. Racially, the county is predominantly... Read more
Race Distribution in Alleghany County, North Carolina (2022)
Educational Attainment in Alleghany County, North Carolina (2022)
Age Distribution in Alleghany County, North Carolina
Citizen Population in Alleghany County, North Carolina (2022)
Political Trends & Data
Alleghany County, North Carolina, might lean strongly Republican, with the GOP possibly capturing around 74.5% of the votes in the 2020 U.S. Presidential Election. The Democratic Party's share might be close to 24.5%, while smaller parties likely garnered less than 1% each. This conservative tilt could suggest particular socioeconomic trends and community values impacting local real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Alleghany County, North Carolina, appears to lean heavily Republican, with the GOP possibly capturing around 74.5% of the votes in the 2020 U.S. Presidential Election. The Democratic Party might have garnered close to 24.5%, while other parties such as the Libertarian and Green parties seemed to have received notably smaller shares of the vote, potentially less than 1% each. This significant tilt towards the Republican side could suggest a strong conservative presence in the county.
74.51% of voters voted for the Republican party in the 2020 Presidential Election
24.46% of voters voted for the Democrat party in the 2020 Presidential Election
0.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Alleghany County, North Carolina, has experienced student-to-teacher ratios ranging between 11 and 14 over the past decade, consistently staying below the national average of 14. This could suggest more personalized attention for students and potentially better educational outcomes, making it an attractive point for homebuyers or investors. Real estate agents and appraisers might leverage this as a key selling feature, while planners and builders could predict sustained demand for educational... Read more
Student-to-teacher ratio in Alleghany County, North Carolina over the last 10 years
Alleghany County, North Carolina has shown fluctuating student-to-teacher ratios over the past decade, ranging from a low of approximately 11 in 2016 to a high of nearly 14 in 2020. This region seems to consistently maintain a student-to-teacher ratio below the national average of 14, which might indicate more personalized attention for students. These figures could be appealing to potential homebuyers or investors, as lower ratios are often associated with better educational outcomes. For real estate agents or appraisers, a low student-to-teacher ratio could be a key selling point, while those involved in planning and building properties can use this data to predict ongoing demand for educational facilities. Insurance agents might consider the desirability of this aspect when assessing risk factors in the area.
