Carteret County Real Estate and Livability Trends
Carteret County, North Carolina's real estate market has seen its median home values rise from $196,800 in 2015 to $277,400 in 2022, indicating a growth pace surpassing both state and national averages. This increase, alongside growing affluence and a notable spike in residential energy tax credits in 2018, highlights potential for real estate investments. However, the average state and local... Read more
Carteret County Market Trends
Over the last 8 years, Carteret County, North Carolina has seen its median home values surge significantly, rising from $196,800 in 2015 to $277,400 in 2022—a growth pace outstripping both state and national increases. The county also saw notable fluctuations in residential energy tax credits, with a remarkable spike in 2018, suggesting heavy investments in energy upgrades. Real estate taxes... Read more
Median Value of Occupied Housing Units in Carteret County, North Carolina Over the Last 8 Years
Over the last 8 years, Carteret County, North Carolina has seen its median home values increase substantially, jumping from $196,800 in 2015 to $277,400 in 2022. This rise outpaces the state’s growth from $154,900 to $234,900 during the same period, as well as the national trend which saw an increase from $125,500 to $179,400. These numbers suggest that Carteret County may be increasingly attractive for homebuyers and investors, potentially driven by local factors that make it more desirable compared to broader trends in North Carolina and the United States.
Residential Energy Tax Credit Per Tax Return in Carteret County, NC Over the Last 9 Years
Over the past nine years, Carteret County, North Carolina has experienced fluctuating average residential energy tax credits per tax return. Notably, in 2018, there was a significant spike with an average of $1690.91, considerably higher than other years. This peak likely indicates increased investment in residential energy improvements during that period. Understanding these trends can help potential investors and real estate professionals anticipate shifts in property values and energy efficiency upgrades. Those interested in local real estate may consider how tax incentives impact homeowner decisions and property attractiveness.
Average Real Estate Taxes Per Tax Return in Carteret County, NC Over the Last 10 Years
Over the past decade, Carteret County, North Carolina, has experienced a notable increase in real estate taxes per tax return, rising from approximately $2,024.56 in 2012 to about $3,690.71 in 2021. Significant jumps, like the one seen between 2017 and 2018 when taxes surged from $2,389.18 to $3,151.11, suggest changes in property values or tax rates. This trend may be important for investors, real estate agents, and prospective homeowners, suggesting that property costs are escalating, potentially reflecting a rise in demand or improvements in local infrastructure. Appraisers and insurance agents can use this data to adjust property valuations and insurance premiums correspondingly.
Percentage of Farm Returns in Carteret County, NC Over the Last 10 Years
Carteret County, North Carolina, has shown relatively stable farm tax returns over the past decade, fluctuating between 0.40% and 0.47%. Farm tax returns indicate the proportion of tax filings derived from agricultural activities, reflecting the economic health of the farming sector. A slight increase in these percentages could hint at a stable or growing agricultural industry, appealing to potential investors or residents interested in rural lifestyles or agri-business opportunities. Keeping an eye on these trends can help investors make informed decisions about property development in this area.
Number of Mortgages by Occupancy Type in Carteret County, NC Over the Last 5 Years in Carteret County
In Carteret County, North Carolina, the number of mortgages for principal residences peaked in 2021 but saw a substantial drop in 2022, likely reflecting broader economic changes or housing market adjustments. Investment property mortgages saw a more erratic pattern but generally stayed lower in number compared to principal residences and second residences. Notably, the data suggest interest in second residences spiked during certain periods, which could hint at the county becoming more attractive for part-time residents or vacation properties. These shifts in occupancy type may significantly impact property values, insurance premiums, and investment strategies, making it crucial for prospective investors, residents, appraisers, and real estate professionals to monitor these trends closely.
Economic Outlook
Carteret County, North Carolina's real estate market reflects an appealing economic shift with the average taxable income per tax return climbing from about $51,100 in 2013 to around $86,845 in 2021. This rise hints at growing affluence and stability, possibly driving higher property values and an expanding local economy. Despite this, average state and local income taxes have surged from $6,339.50 in 2012 to $14,340.47 in 2021, potentially affecting living costs and investment returns. The... Read more
Average Taxable Income per Tax Return in Carteret County, NC over the last 9 years
Over the last nine years, Carteret County, North Carolina has seen a notable rise in average taxable income per tax return, growing from approximately $51,100 in 2013 to around $86,845 in 2021. This upward trend is potentially attractive to investors, prospective homeowners, real estate agents, and financial professionals, as it suggests a growing affluence and economic stability in the region. Such a consistent increase could also indicate higher property values and an expanding local economy, making it a point of interest for those looking to build, insure, or appraise property in the area.
Average State and Local Income Taxes Per Tax Return in Carteret County, NC Over the Last 10 Years
Carteret County, North Carolina has seen a notable rise in average state and local income taxes per tax return over the past decade, with values increasing from $6,339.50 in 2012 to $14,340.47 in 2021. This upward trend could be indicative of growing incomes, changes in tax policies, or economic developments in the area. For investors, real estate agents, and appraisers, this suggests a financially evolving community, which could affect property values and market dynamics. Those considering moving to or doing business in the county should be aware of potential tax implications as it might impact overall cost of living and investment returns.
Average Total Tax Liability Per Tax Return in Carteret County, NC Over the Last 10 Years
The average total tax liability per tax return in Carteret County, North Carolina has seen a notable upward trend over the past decade, increasing from approximately $8,026.64 in 2012 to around $14,877.34 in 2021. This steady rise could suggest an increase in income levels and economic growth within the county, making it a potentially attractive area for investors and real estate developers. However, higher taxes might be a factor that insurance agents and appraisers consider when evaluating property values and costs for potential residents. Those considering a move to Carteret might weigh the economic opportunities against the rising tax liabilities.
Cost of Living in Carteret County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,365 | $1,621 | $2,216 | $1,478 | $1,675 |
| 1 adult 4 children | $1,365 | $1,324 | $1,698 | $1,478 | $1,754 |
| 2 adults 3 children | $1,365 | $1,324 | $1,921 | $1,478 | $1,379 |
| 1 adult 3 children | $1,365 | $1,081 | $1,403 | $1,478 | $1,471 |
| 2 adults 2 children | $1,003 | $1,084 | $1,626 | $1,281 | $1,071 |
| 1 adult 2 children | $1,003 | $810 | $1,108 | $1,281 | $1,051 |
| 2 adults 1 child | $1,003 | $857 | $1,331 | $641 | $935 |
| 1 adult 1 child | $1,003 | $553 | $813 | $641 | $759 |
| 2 adults | $762 | $688 | $1,036 | $0 | $712 |
| 1 adult | $757 | $375 | $518 | $0 | $608 |
Safety trends & Data
Over the last five years, Carteret County, North Carolina has experienced a noticeable dip in burglary and larceny-theft incidents after peaking in 2020 at 77.0 and 218.0 incidents respectively. While motor vehicle thefts and fraud vary, they don’t significantly impact total crime rates. Embezzlement and vandalism remain relatively stable, hinting at a trend of consistency. These crime trends are key for investors, real estate pros, and residents to assess safety, property values, and... Read more
Property Crime Trends in Carteret County, NC Over the Last 5 Years
Over the last five years, Carteret County, North Carolina, has seen fluctuations in various property crime categories. Burglary and larceny-theft incidents tend to dominate, peaking in 2020 at 77.0 and 218.0 incidents respectively before both categories saw a notable decline by 2022. While motor vehicle thefts and fraud have shown some variability, neither represents a significant portion of total crime rates. Embezzlement and vandalism display relative stability with minor year-to-year changes, indicating a possible trend of consistency in these crime types. Understanding these trends can be crucial for potential investors, real estate professionals, and locals to gauge safety, property valuations, and insurance premiums.
Demographics
Carteret County, North Carolina, exhibits a slightly higher female population compared to males, and there's a significant number of residents with some college education, though without a degree. The age distribution skews towards older adults, with a notable portion aged 55 and over, which may influence local services and economic priorities. The racial makeup is predominantly White, with small representations of other racial groups. This demographic profile could imply specific community... Read more
Race Distribution in Carteret County, North Carolina (2022)
Educational Attainment in Carteret County, North Carolina (2022)
Age Distribution in Carteret County, North Carolina
Citizen Population in Carteret County, North Carolina (2022)
Political Trends & Data
Carteret County, North Carolina displayed a strong Republican preference in the 2020 U.S. Presidential Election, with over 70% of the votes going to the GOP. Democrats managed just under 30%, suggesting a distinct conservative bias in the local electorate. Libertarians and other parties barely made a dent with just over 1% combined. This political inclination might influence the county's socio-economic atmosphere, potentially attracting like-minded residents and shaping local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Carteret County in North Carolina showed a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with over 70% of the votes. Democrats captured just under 30%, suggesting a clear partisan preference. Libertarians and other parties had minimal impact, barely making up over 1% combined. This trend could hint at a predominantly conservative voter base in the area, dominating local political landscapes.
70.33% of voters voted for the Republican party in the 2020 Presidential Election
28.32% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Carteret County, North Carolina has seen a stable student-to-teacher ratio between 12 to 13 students per teacher over the past decade, lower than the national average of 14. This trend could suggest more personalized education, which might make the area more attractive to families and homebuyers. Such a factor might be seen positively by appraisers and insurance agents when evaluating the community's desirability and... Read more
Student-to-teacher ratio in Carteret County, North Carolina over the last 10 years
Over the past decade, Carteret County, North Carolina has maintained a relatively stable student-to-teacher ratio, generally ranging from 12 to 13 students per teacher. This is consistently lower than the national average of 14 students per teacher, indicating potentially smaller class sizes and more individualized attention for students in the area. For potential homebuyers, families, and real estate agents, this trend might suggest a community with a more personalized educational environment, which could be a strong selling point. Appraisers and insurance agents might also consider this aspect in their valuations, as it may reflect positively on the desirability and stability of the local community.
