Beaufort County Real Estate and Livability Trends
In Beaufort County, North Carolina, the average taxable income per tax return grew from $46,279.87 in 2013 to around $60,635.78 in 2021, signaling economic growth. Correspondingly, the median home values increased from $115,100 in 2015 to $159,900 in 2022, albeit at a slower pace compared to broader trends. Property crime saw a significant drop, with larceny-theft incidents decreasing from 173 in... Read more
Beaufort County Market Trends
Beaufort County, North Carolina has seen a rise in median home values from $115,100 in 2015 to $159,900 in 2022, a more conservative increase compared to state and national trends. The fluctuations in residential energy tax credits, notably peaking at $1,266.67 in 2018, suggest variable interest in energy-efficient investments. Real estate taxes have climbed significantly, peaking at $3,472.16 in... Read more
Median Value of Occupied Housing Units in Beaufort County, North Carolina Over the Last 8 Years
Beaufort County, North Carolina, has experienced a notable rise in median home values over the last eight years, from $115,100 in 2015 to $159,900 in 2022. This increase, while impressive, is relatively modest compared to North Carolina's state-wide median value which surged from $154,900 to $234,900 in the same period. Nationally, the median home value increased from $125,500 to $179,400, placing Beaufort County's growth in context as steady but more conservative. For investors, potential homebuyers, or those interested in property development, Beaufort County represents a stable yet affordable market compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Beaufort County, NC Over the Last 9 Years
In Beaufort County, North Carolina, the average residential energy tax credit per tax return has fluctuated significantly over the past nine years. Notably, in 2018, the credit surged to an impressive $1,266.67, markedly higher than other years, suggesting a potential increase in energy-efficient investments during that period. However, this spike was an anomaly, as values dipped again with more recent years, like 2021, seeing an average credit of $458.33. Such variability indicates changing incentives or homeowner interest in energy-related upgrades, critical insights for those in real estate, construction, or property investment aiming to understand market drivers.
Average Real Estate Taxes Per Tax Return in Beaufort County, NC Over the Last 10 Years
Over the past decade, Beaufort County, North Carolina, has experienced a marked increase in average real estate taxes per tax return, starting from around $1,962.17 in 2012 and peaking notably at approximately $3,472.16 in 2020. This trend suggests that property values may be rising, potentially influenced by factors such as increased demand or development in the area. For investors, real estate agents, insurance agents, and potential homeowners, these trends could indicate both heightened market activity and possibly higher costs of entry or ownership in Beaufort County.
Percentage of Farm Returns in Beaufort County, NC Over the Last 10 Years
The percentage of farm tax returns in Beaufort County, North Carolina, has shown a slight but noticeable decline over the last decade. In 2012, the percentage stood at approximately 1.42%, dropping to around 1.03% by 2020, with minor fluctuations in between. This trend might suggest subtle shifts in the agricultural landscape or economic factors influencing farm operations in the region. For prospective investors, developers, or new residents, understanding these trends could provide insights into the local agricultural economy and opportunities for supporting or diversifying the county's economic base. Farm tax returns pertain to the income reported from farming activities, crucial for gauging the financial health and prevalence of farming in the area. The gradual decline in these returns may indicate that fewer farms are operating profitably, presenting potential risks or opportunities for those considering investments or relocations tied to the agricultural sector.
Number of Mortgages by Occupancy Type in Beaufort County, NC Over the Last 5 Years in Beaufort County
In Beaufort County, North Carolina, the number of mortgages for principal residences has fluctuated significantly over the last five years, peaking in 2021 with 2368 but dropping to 1790 in 2022. Investment properties saw a smaller increase, moving from 53 in 2018 to 96 by 2022. Mortgages for second residences have seen a more variable pattern with a peak of 231 in 2020. These shifts indicate varying investor confidence and residential mobility, potentially affecting property values and market stability. Understanding such trends can provide key insights for investors, real estate agents, appraisers, and those considering a move or new development in the region.
Economic Outlook
In Beaufort County, North Carolina, the average taxable income per tax return has grown from $46,279.87 in 2013 to around $60,635.78 in 2021, reflecting a strengthening local economy. Parallelly, the average state and local income taxes per tax return increased from $5,716.52 in 2012 to $9,429.03 in 2021, with significant rises post-2018. This uptick in tax liabilities, alongside economic growth, could make the area more attractive for real estate investors and property developers looking for... Read more
Average Taxable Income per Tax Return in Beaufort County, NC over the last 9 years
In Beaufort County, North Carolina, the average taxable income per tax return has shown a noticeable upward trend over the last nine years. Starting at approximately $46,279.87 in 2013, the figure has experienced a general increase, with some fluctuations, peaking at around $60,635.78 in 2021. This growth in average taxable income might indicate a strengthening local economy, which could be pivotal for potential investors, real estate agents, and appraisers considering the area. Notably, a significant jump between 2018 and 2021 suggests enhanced economic conditions or rising incomes, aligning with broader economic trends and potentially influencing property values and insurance assessments.
Average State and Local Income Taxes Per Tax Return in Beaufort County, NC Over the Last 10 Years
Over the last decade, Beaufort County, North Carolina, has seen a noticeable increase in average state and local income taxes per tax return, climbing from $5,716.52 in 2012 to $9,429.03 in 2021. Key upticks occurred post-2018, with notable jumps in 2020 and 2021 reaching over $8,000 and $9,000 respectively, suggesting a potential rise in overall income or changes in tax policies. This spike in tax liabilities could influence investment decisions, property values, and even reflect economic growth in the county.
Average Total Tax Liability Per Tax Return in Beaufort County, NC Over the Last 10 Years
Over the past decade, Beaufort County, North Carolina has observed a general increase in average total tax liability per tax return. Starting at approximately $7,022.90 in 2012, this figure rose to about $9,016.90 by 2021. This trend could indicate a positive economic evolution in the area or higher taxable incomes. These changes might make Beaufort County more compelling for investors, real estate agents, and property developers who are particularly interested in areas showing economic growth.
Cost of Living in Beaufort County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,077 | $1,391 | $2,216 | $1,363 | $1,363 |
| 1 adult 4 children | $1,077 | $1,136 | $1,698 | $1,363 | $1,452 |
| 2 adults 3 children | $1,077 | $1,137 | $1,921 | $1,363 | $1,107 |
| 1 adult 3 children | $1,077 | $928 | $1,403 | $1,363 | $1,149 |
| 2 adults 2 children | $777 | $931 | $1,626 | $1,196 | $896 |
| 1 adult 2 children | $777 | $695 | $1,108 | $1,196 | $826 |
| 2 adults 1 child | $777 | $735 | $1,331 | $652 | $800 |
| 1 adult 1 child | $777 | $475 | $813 | $652 | $656 |
| 2 adults | $627 | $591 | $1,036 | $0 | $633 |
| 1 adult | $623 | $322 | $518 | $0 | $551 |
Safety trends & Data
Property crime trends in Beaufort County, North Carolina, over the past five years highlight some notable shifts. Burglary and larceny-theft saw significant declines, with larceny-theft dropping from 173 incidents in 2018 to just 36 in 2022. Fraud incidents also fell, from 52 in 2018 to 6 in 2022. Despite minor variations in arson cases, these patterns could suggest improved security and policing, potentially making Beaufort County more appealing for residents and... Read more
Property Crime Trends in Beaufort County, NC Over the Last 5 Years
Property crime trends in Beaufort County, North Carolina over the past five years highlight some interesting shifts in specific types of offenses. Notably, burglary and larceny-theft saw significant decreases, with larceny-theft going from 173 incidents in 2018 to just 36 in 2022. Fraud incidents also declined, from 52 in 2018 to 6 in 2022. However, despite these positive trends, there were fluctuations such as arson which showed minor variations with 1 or 2 cases annually. These trends suggest improved security and policing measures, potentially making Beaufort County a more attractive and safer place for residents and investors alike.
Demographics
Beaufort County, North Carolina, shows intriguing demographic trends. The female population slightly outnumbers the male, with figures around 18,453 and 16,497 respectively. Educational attainment varies, with the majority having at least a high school diploma; higher education levels drop significantly beyond bachelor's degrees. Age-wise, there seems to be a substantial portion of residents aged 55 and older, suggesting a potential aging population. Racial composition is predominantly White... Read more
Race Distribution in Beaufort County, North Carolina (2022)
Educational Attainment in Beaufort County, North Carolina (2022)
Age Distribution in Beaufort County, North Carolina
Citizen Population in Beaufort County, North Carolina (2022)
Political Trends & Data
In Beaufort County, North Carolina, it appears Republican candidates could be leading significantly with about 62.50% of the votes, while Democrats may garner around 36.60%. Third-party candidates seem to attract less than 1%, highlighting a strong preference for the two major parties. This electoral trend might suggest a predominantly conservative voter base in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Beaufort County, North Carolina, Republican candidates might hold a significant lead with approximately 62.5% of the votes, compared to around 36.6% for Democrats. Third-party candidates such as Libertarians and Greens combined seem to attract less than 1% of the vote, indicating a potential stronghold for the two major parties. This trend could suggest a predominantly conservative electorate in the area.
62.46% of voters voted for the Republican party in the 2020 Presidential Election
36.61% of voters voted for the Democrat party in the 2020 Presidential Election
0.52% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Beaufort County, North Carolina, has seen its student-to-teacher ratios swing from a high of 16.76 in 2020 to a low of 14.69 in 2022, with a slight uptick to 15.04 in 2023, just above the national average. These shifts hint at changing resource allocation and could impact educational quality, making it a focal point for investors in educational facilities and local real estate. Appraisers and insurance agents could also find these numbers useful as they reflect community priorities and... Read more
Student-to-teacher ratio in Beaufort County, North Carolina over the last 10 years
Beaufort County, North Carolina, has experienced fluctuating student-to-teacher ratios over the past decade, peaking at 16.76 in 2020 and dropping to 14.69 in 2022. While the recent ratio of 15.04 in 2023 is slightly above the national average of 14 students per teacher, the county’s figures could suggest varying resource allocation and potential impacts on educational quality. Those considering investment in educational facilities, real estate, and local development might find particular interest in these trends, as lower ratios often correlate with better classroom engagement and individualized attention. Appraisers and insurance agents might also view these metrics as indicative of community priorities and stability.
