Avery County Real Estate and Livability Trends
Avery County, North Carolina has seen a remarkable surge in average taxable income per tax return, from $38,396.22 in 2013 to $67,261.93 in 2021, potentially indicating a more prosperous community that could attract investors. Median home values have shot up from $137,100 in 2015 to $215,900 in 2022, significantly outpacing both state and national growth rates. The rise in real estate taxes,... Read more
Avery County Market Trends
Avery County, North Carolina has seen a striking increase in median home values, rising from $137,100 in 2015 to $215,900 in 2022, outpacing both state and national growth rates. The average residential energy tax credit in the county has been volatile, peaking at $700.00 in 2021, suggesting local policies heavily influence residential energy investments. Real estate taxes have also surged, from... Read more
Median Value of Occupied Housing Units in Avery County, North Carolina Over the Last 8 Years
Over the last eight years, Avery County, North Carolina has seen a significant jump in median home values, reaching $215,900 in 2022 from $137,100 in 2015. This sharp rise is particularly compelling when compared to the state and national trends. North Carolina's median home value increased from $154,900 to $234,900 during the same period, while the national median grew more conservatively from $125,500 to $179,400. For those considering investing, moving, or building in Avery County, this upward trajectory may suggest the area is increasingly desirable or experiencing economic growth that could drive further property value appreciation.
Residential Energy Tax Credit Per Tax Return in Avery County, NC Over the Last 8 Years
Over the last eight years in Avery County, North Carolina, there has been a fluctuating trend in the average Residential Energy Tax Credit per tax return. Notably, the average credit peaked at $700.00 in 2021 after a significant dip to $266.67 in 2017. This volatility suggests that local policy and economic conditions may heavily influence residential energy investments. These insights could be crucial for investors and real estate agents assessing the area's long-term viability and potential for energy-efficient property developments. It's worth considering that similar future changes could impact the financial attractiveness of sustainable home improvements.
Average Real Estate Taxes Per Tax Return in Avery County, NC Over the Last 10 Years
Over the past decade, Avery County, North Carolina has experienced a notable upward trend in average real estate taxes per tax return. This increase, from $1,880.92 in 2012 to approximately $3,889.47 in 2021, suggests rising property values and possibly greater investment in public services or infrastructure. Significant jumps, like the one between 2017 and 2018 where taxes increased from $2,294.35 to $3,225.64, may indicate shifts in local tax policies or market conditions. This trend can be particularly relevant for prospective homeowners, real estate investors, appraisers, and insurance agents, as it affects both the cost of owning property and the overall economic landscape of the area.
Percentage of Farm Returns in Avery County, NC Over the Last 10 Years
Avery County, North Carolina has seen an overall decline in the percentage of farm tax returns over the past decade, dropping from around 4.69% in 2012 to roughly 3.22% in 2021. This can hint at either a reduction in farming activities or a shift in the economic makeup of the area. Farm tax returns are important indicators of agricultural activity and land use in a region, impacting everything from property values to local business opportunities. For investors and those looking to move or build property here, understanding this trend might suggest looking into the evolving commercial landscape or considering how local agriculture policies could influence long-term development.
Number of Mortgages by Occupancy Type in Avery County, NC Over the Last 5 Years in Avery County
Avery County, North Carolina, has seen significant shifts in mortgage patterns over the past five years, with a notable increase in mortgages for principal and second residences, especially between 2020 and 2021. Investment property mortgages, while lower in number compared to residences, have shown a gradual increase. These trends might matter for investors, potential movers, appraisers, insurance agents, builders, and real estate agents as they can reveal changing demands and property value dynamics. For instance, a surge in principal residence mortgages could imply a growing permanent population, while higher second residence loans could indicate a rise in vacation properties, affecting local economies and infrastructure needs.
Economic Outlook
Avery County, North Carolina has seen its average taxable income per tax return surge from $38,396.22 in 2013 to $67,261.93 in 2021, hinting at growing prosperity that could attract investors and new residents. The rise in state and local income taxes, from $5,257.39 in 2012 to $15,362.86 in 2021, suggests shifts in tax policy and economic conditions that might influence financial decisions. Additionally, the average total tax liability per tax return has climbed from $4,918.84 in 2012 to... Read more
Average Taxable Income per Tax Return in Avery County, NC over the last 9 years
Over the past nine years, Avery County, North Carolina's average taxable income per tax return has seen a significant upward trend, increasing from $38,396.22 in 2013 to $67,261.93 in 2021. This growth trend may suggest increasing prosperity in the area, which could be appealing for investors and those considering relocation. The consistent rise in income also implies a potentially stronger economic base for real estate agents, builders, appraisers, and insurance agents assessing market opportunities or risks.
Average State and Local Income Taxes Per Tax Return in Avery County, NC Over the Last 10 Years
Over the past decade in Avery County, North Carolina, average state and local income taxes per tax return have seen a marked increase, moving from $5,257.39 in 2012 to a high of $15,362.86 in 2021. This trend could signal changing economic conditions or shifts in tax policy, and it's something investors, real estate agents, and new residents might want to consider when evaluating the financial landscape of the area. The steep rise from $6,107.02 in 2017 to $15,362.86 in 2021 indicates a potentially significant shift that may impact disposable income and cost of living in the county.
Average Total Tax Liability Per Tax Return in Avery County, NC Over the Last 10 Years
Avery County, North Carolina has shown a noteworthy increase in the average total tax liability per tax return over the past decade. Starting from $4,918.84 in 2012, this figure has risen significantly, reaching $10,397.80 in 2021. This upward trend might suggest growing incomes or changes in tax policy, potentially affecting investment decisions and property values in the area. People considering relocation, real estate investments, or insurance adjustments might find this trend particularly relevant.
Cost of Living in Avery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,139 | $1,669 | $2,023 | $1,492 | $1,537 |
| 1 adult 4 children | $1,139 | $1,363 | $1,549 | $1,492 | $1,629 |
| 2 adults 3 children | $1,139 | $1,363 | $1,754 | $1,492 | $1,251 |
| 1 adult 3 children | $1,139 | $1,113 | $1,280 | $1,492 | $1,307 |
| 2 adults 2 children | $936 | $1,116 | $1,485 | $1,300 | $1,021 |
| 1 adult 2 children | $936 | $834 | $1,011 | $1,300 | $991 |
| 2 adults 1 child | $936 | $882 | $1,217 | $675 | $894 |
| 1 adult 1 child | $936 | $570 | $743 | $675 | $741 |
| 2 adults | $711 | $709 | $948 | $0 | $687 |
| 1 adult | $706 | $387 | $474 | $0 | $593 |
Safety trends & Data
Avery County, North Carolina's property crime trends over the last five years show larceny-theft as the most prevalent, indicating a possible area of focus for law enforcement. While burglary incidents peaked in 2019 and 2020, possibly due to economic factors or shifts in local enforcement, other property crimes like vandalism, fraud, and motor vehicle theft appear moderate in comparison. These insights could be important for anyone investing, appraising, insuring, or developing property in the... Read more
Property Crime Trends in Avery County, NC Over the Last 5 Years
Among the property crime trends in Avery County, North Carolina over the last five years, larceny-theft consistently records the highest numbers, suggesting a potential focus area for law enforcement and community safety efforts. Although burglary incidents show variance year-on-year, they peaked in 2019 and 2020, which could correlate with economic factors or changes in local enforcement strategies. Instances of vandalism, fraud, and motor vehicle theft fluctuate but seem relatively moderate compared to other property crimes. Individuals looking to invest, appraise, insure, or develop property might find these trends valuable for risk assessment and strategic planning.
Demographics
Avery County, North Carolina displays intriguing demographic trends, with males modestly outnumbering females. The age distribution leans towards a significantly aging population, particularly those aged 55 to 64 years. This likely propels specific local healthcare and lifestyle demands. Educationally, the majority are high school graduates, though a noticeable segment has attained college-level education, suggesting a somewhat varied job market. The racial composition remains predominantly... Read more
Race Distribution in Avery County, North Carolina (2022)
Educational Attainment in Avery County, North Carolina (2022)
Age Distribution in Avery County, North Carolina
Citizen Population in Avery County, North Carolina (2022)
Political Trends & Data
In Avery County, North Carolina, the 2020 U.S. Presidential Election results highlighted a dominant Republican presence, with Democrats capturing less than 25% of the vote. This entrenched political inclination might shape future campaign strategies, as other parties like Libertarian and Green barely registered. Consequently, local political campaigns might need to consider these deep-rooted preferences when planning their... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Avery County, North Carolina, the 2020 U.S. Presidential Election results suggest a strong leaning towards the Republican Party, which might not be too surprising for those familiar with the area's voting patterns. Democrats secured less than a quarter of the vote, and other parties, including Libertarian and Green, barely made a mark. These figures could imply entrenched political preferences and potentially influence future campaign strategies tailored explicitly for this region.
75.83% of voters voted for the Republican party in the 2020 Presidential Election
23.17% of voters voted for the Democrat party in the 2020 Presidential Election
0.59% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Avery County, North Carolina, has kept its student-to-teacher ratio below the national average of fourteen students per teacher, declining from 13.3 in 2014 to 12.81 in 2023. This trend suggests a potentially more personalized educational environment, appealing to families thinking of moving to the area. For real estate agents and investors, this could be a selling point, while appraisers and insurance agents may see it as an indicator of steady community investment in... Read more
Student-to-teacher ratio in Avery County, North Carolina over the last 10 years
Over the last decade, Avery County, North Carolina has consistently maintained a student-to-teacher ratio below the national average of fourteen students per teacher. The ratio has seen a slight decline from 13.3 in 2014 to 12.81 in 2023, reaching a low of 12.62 in 2022. This moderately lower ratio could indicate a more personalized educational environment, which may be appealing for families considering a move to the area. For real estate agents and investors, this trend might suggest a selling point for properties in the region. Appraisers and insurance agents could also find the stability in these ratios indicative of a steady community investment in education.
