Burke County Real Estate and Livability Trends
Burke County, North Carolina has experienced a noteworthy rise in average taxable income, from $40,745.30 in 2013 to $57,316.90 in 2021, signaling potential economic growth that might boost property values. Median home values have also climbed steadily, up from $128,300 in 2021 to $155,500 in 2022, although at a slower pace than the state average. Real estate taxes peaked at $3,958.82 in 2020,... Read more
Burke County Market Trends
Burke County has seen a steady climb in median home values, jumping from $128,300 in 2021 to $155,500 in 2022, though this is slower than North Carolina's overall growth. Real estate taxes have also risen significantly, peaking at $3,958.82 in 2020, which correlates with a robust housing market. Energy tax credits saw an impressive spike in 2018, suggesting bursts of investment in... Read more
Median Value of Occupied Housing Units in Burke County, North Carolina Over the Last 8 Years
Burke County has experienced a relatively steady increase in median home values over the past eight years, culminating in a notable jump from $128,300 in 2021 to $155,500 in 2022. This growth pattern, though slower than North Carolina's state average, which saw median values rise from $154,900 in 2015 to $234,900 in 2022, indicates a potentially stable but less competitive market. On a national level, Burke County's median home values also trail behind, with the U.S. average climbing from $125,500 in 2015 to $179,400 in 2022. This market trend could suggest more affordable investment opportunities for those looking to enter the housing market in a less accelerated environment compared to the broader state and national landscapes.
Residential Energy Tax Credit Per Tax Return in Burke County, NC Over the Last 9 Years
Over the past nine years, Burke County, North Carolina has seen some notable fluctuations in the average residential energy tax credit per tax return. Moving from $357.53 in 2013 to an impressive peak of $2,271.43 in 2018, the data suggests bursts of investment in energy-efficient home improvements during certain periods. For interested parties, such as investors and real estate agents, these trends may hint at rising home values or shifts in resident priorities toward sustainability. Meanwhile, for insurance agents and appraisers, understanding these energy investments can play a crucial role in assessing property risk and value.
Average Real Estate Taxes Per Tax Return in Burke County, NC Over the Last 10 Years
Burke County, North Carolina has shown a noticeable upward trend in average real estate taxes per tax return over the last decade. From $1,793.14 in 2012, taxes gradually increased, peaking at $3,958.82 in 2020 before slightly dipping to $3,833.59 in 2021. This trajectory could signal a robust housing market and rising property values, which might be of interest to potential investors, real estate agents, and property developers looking for areas with an appreciating asset base. The spike around 2018-2020 suggests a particular catalyst worth investigating for those evaluating future real estate investments or appraisals in the region.
Percentage of Farm Returns in Burke County, NC Over the Last 10 Years
The percentage of farm returns in Burke County, North Carolina has generally shown a slight decline over the past decade, moving from about 1.01% in 2012 to approximately 0.86% in 2021. Farm tax returns typically indicate the economic activity and fiscal contributions of agricultural businesses within the area. This subtle downward trend suggests that while agriculture remains a steady part of the county's economy, its share of overall tax filings may be slightly decreasing, potentially due to shifts in land use, population growth, or economic diversification. For investors, developers, and new residents, understanding these patterns could provide key insights into the evolving economic landscape and the long-term viability of agricultural investments in Burke County.
Number of Mortgages by Occupancy Type in Burke County, NC Over the Last 5 Years in Burke County
In Burke County, North Carolina, a marked increase in the number of mortgages for principal residences was observed, surging from 3,007 in 2018 to 5,136 in 2021, before slightly dipping to 3,624 in 2022. Investment properties and second residences have seen relatively stable but much lower mortgage activity. Shifts in occupancy types matter because they offer insight into the county's housing demand dynamics and financial stability. For investors, a rise in principal residence mortgages may signify a growing and stable market, though the potential saturation warrants consideration; whereas, for insurances and appraisals, it helps gauge risk and property valuations accurately. Real estate agents and builders should note these trends to cater to the predominant demand, ensuring their strategies align with market needs.
Economic Outlook
Burke County, North Carolina has seen a steady rise in average taxable income per tax return, jumping from $40,745.30 in 2013 to $57,316.90 in 2021. During the same period, average state and local income taxes have nearly doubled, reaching $11,975.97 by 2021. This suggests stronger economic growth that could influence property values and market opportunities. However, poverty rates have fluctuated dramatically, peaking at 20.8% in 2017 before falling sharply to 10.1% in 2022, below the national... Read more
Average Taxable Income per Tax Return in Burke County, NC over the last 9 years
Over the last nine years, Burke County, North Carolina has experienced a noticeable upward trend in average taxable income per tax return. Starting at $40,745.30 in 2013, it incrementally increased each year, reaching $57,316.90 in 2021. This trend could signify a stronger local economy and might indicate increasing property values and market opportunities. Such data might influence real estate valuations, investment decisions, and insurance assessments, giving professionals and potential residents reasons to take a closer look at the economic viability of the area.
Average State and Local Income Taxes Per Tax Return in Burke County, NC Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Burke County, North Carolina have shown a general upward trend. From about $5,143.30 in 2012 to a peak of roughly $11,975.97 in 2021, the county has seen notable increases, particularly post-2017. This trend could be of interest to potential investors, real estate agents, or anyone considering moving to the area, as it may reflect broader economic changes, shifts in income levels, or policy adjustments that could impact financial planning and property valuations.
Average Total Tax Liability Per Tax Return in Burke County, NC Over the Last 10 Years
Over the past decade, Burke County, North Carolina has experienced a significant upward trend in the average total tax liability per tax return. Starting at $5,274.82 in 2012, the figure has seen consistent growth, peaking at $7,840.36 in 2021. This gradual increase may reflect broader economic changes, shifts in income levels, or modifications in tax policies. For real estate agents, investors, and those considering moving to Burke County, this trend could indicate rising incomes but also potentially higher living costs. Appraisers and insurance agents may need to account for these changes when evaluating property and risk.
Cost of Living in Burke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $999 | $1,315 | $1,825 | $1,071 | $1,033 |
| 1 adult 4 children | $999 | $1,074 | $1,395 | $1,071 | $1,115 |
| 2 adults 3 children | $999 | $1,074 | $1,584 | $1,071 | $841 |
| 1 adult 3 children | $999 | $877 | $1,154 | $1,071 | $839 |
| 2 adults 2 children | $765 | $879 | $1,343 | $945 | $724 |
| 1 adult 2 children | $765 | $657 | $912 | $945 | $639 |
| 2 adults 1 child | $765 | $695 | $1,102 | $533 | $687 |
| 1 adult 1 child | $765 | $449 | $671 | $533 | $572 |
| 2 adults | $628 | $558 | $860 | $0 | $578 |
| 1 adult | $624 | $305 | $430 | $0 | $525 |
Safety trends & Data
Burke County, North Carolina has experienced noticeable fluctuations in property crime over the past five years. Larceny-theft peaked at 468.00 cases in 2018 but dropped to around 100-200 cases in following years. Burglaries decreased dramatically from 125.00 cases in 2018 to 42.00 in 2021 before climbing again to 54.00 in 2022. While motor vehicle theft and vandalism remained low and stable, sporadic spikes in embezzlement, forgery, and fraud were noted. These shifting dynamics could impact... Read more
Property Crime Trends in Burke County, NC Over the Last 5 Years
Burke County, North Carolina, has seen notable fluctuations in property crime over the past five years. The most substantial shift is in larceny-theft, which peaked in 2018 at 468.00 cases but dropped significantly in subsequent years, hovering around 100-200 cases. Burglaries have also decreased, from 125.00 in 2018 to a low of 42.00 in 2021 before a slight resurgence to 54.00 in 2022. Motor vehicle theft and vandalism have remained relatively low and stable throughout this period. Embezzlement, forgery, and fraud cases have generally been minimal but show sporadic spikes. These trends may suggest an overall improvement in property safety, though larceny-theft continues to be a concern. These dynamics could influence insurance premiums, property valuations, and real estate market dynamics for potential investors and residents.
Demographics
Burke County, North Carolina's adult population in 2022 shows a nearly balanced gender ratio with roughly equal numbers of males and females. The educational attainment varies widely, with a significant portion having only a high school diploma or some college but no degree. Age distribution highlights a sizeable contingent of middle-aged to older adults, suggesting potential challenges for workforce sustainability and healthcare services in the future. The racial makeup is predominantly White,... Read more
Race Distribution in Burke County, North Carolina (2022)
Educational Attainment in Burke County, North Carolina (2022)
Age Distribution in Burke County, North Carolina
Citizen Population in Burke County, North Carolina (2022)
Political Trends & Data
Burke County, North Carolina, showed a notable conservative preference during the 2020 U.S. Presidential Election, with Republicans potentially capturing around 70% of the vote. Democrats trailed significantly, possibly securing nearly 30%. Minor parties like the Libertarian and Green parties barely made a dent, collectively scoring just over 1%. This conservative leaning could be influential in shaping local policies and economic priorities, potentially affecting property values and real... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Burke County, North Carolina, appeared to have leaned heavily Republican, with Republicans potentially securing approximately 70% of the vote. Democrats possibly attracted close to 30%, trailing significantly. While minor parties such as the Libertarian and Green parties seemed to have minimal impact, their combined vote share barely reached over 1%. This distribution may indicate a strong conservative tilt in Burke County's electorate.
69.55% of voters voted for the Republican party in the 2020 Presidential Election
29.41% of voters voted for the Democrat party in the 2020 Presidential Election
0.61% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
Burke County, North Carolina, generally has a higher student-to-teacher ratio than the national average, fluctuating between 15 and 16 students per teacher over the past decade. This trend peaked at 16 in 2019, pointing to larger class sizes that might impact education quality and individual student attention. These educational conditions might influence homebuyers' decisions and therefore affect property values and market demand. Real estate agents and developers should consider these factors,... Read more
Student-to-teacher ratio in Burke County, North Carolina over the last 10 years
Burke County, North Carolina, generally exhibits a slightly higher student-to-teacher ratio than the national average, which might suggest larger class sizes that could influence education quality and individual student attention. Over the past decade, the ratio has fluctuated between 15 and 16 students per teacher, peaking at 16 in 2019. For families considering the area, this might inform decisions on school enrollment and the potential demand for supplemental education. Real estate agents and developers should take note of these trends as they may impact the desirability of the local school district, further influencing property values and market demand.
