Chatham County Real Estate and Livability Trends
Chatham County, North Carolina has seen a marked increase in average taxable income per tax return, rising from $73,417.10 in 2013 to $127,400.32 by 2021, likely driven by higher property values and better employment prospects. Median home values have also surged from $223,500 in 2015 to $373,300 in 2022, outpacing both state and national figures, possibly due to quality local amenities or a... Read more
Chatham County Market Trends
Chatham County, North Carolina has seen a remarkable rise in median home values, jumping from $223,500 in 2015 to $373,300 in 2022, outpacing both state and national figures. This upward trajectory points to growing demand and desirability, potentially driven by local amenities or economic strengths. Meanwhile, residential energy tax credits have fluctuated, highlighted by a peak of $4,276.47 in... Read more
Median Value of Occupied Housing Units in Chatham County, North Carolina Over the Last 8 Years
Over the past eight years, the median home value in Chatham County, North Carolina has shown consistent growth, starting at $223,500 in 2015 and reaching $373,300 in 2022. This is significantly higher than the median values for North Carolina and the United States, which stood at $234,900 and $179,400, respectively, in 2022. This growth suggests Chatham County is becoming an increasingly desirable location for homebuyers and investors, potentially due to local economic factors or amenities that make it stand out within the state and nationally.
Residential Energy Tax Credit Per Tax Return in Chatham County, NC Over the Last 9 Years
Chatham County, North Carolina has seen a fluctuating trend in residential energy tax credits per tax return. The average credit experienced notable peaks, such as in 2014 at $1616.92 and an unprecedented spike in 2018 at $4276.47. These variations can indicate shifts in energy-efficient investments or tax policy impacts over the years. Such data is pertinent for potential investors, property developers, and real estate professionals looking to capitalize on energy efficiency trends, as higher tax credits might reflect stronger government incentives which could influence property value and market attractiveness.
Average Real Estate Taxes Per Tax Return in Chatham County, NC Over the Last 10 Years
Over the last decade, Chatham County, North Carolina has seen a steady increase in average real estate taxes per tax return, rising from approximately $3,288.40 in 2012 to $5,488.94 in 2021. This trend suggests that property values and possibly tax rates have been increasing, making it a critical factor for potential investors, property developers, and real estate agents to consider. Homeowners might see a rise in expenses over time, which could influence appraisals and insurance rates. For those contemplating a move, understanding this upward trend can provide insight into future financial commitments.
Percentage of Farm Returns in Chatham County, NC Over the Last 10 Years
Over the past decade, Chatham County, North Carolina has seen a gradual decline in the percentage of farm tax returns, dropping from approximately 3.20% in 2012 to around 2.37% in 2021. Farm tax returns primarily pertain to tax filings by agricultural operations, which can indicate the health and presence of farming activities in the area. For investors and developers, this trend might suggest shifts in land usage or agricultural economic conditions, potentially making room for residential, commercial, or alternative agricultural opportunities. Existing residents and those interested in the region might find these changes in the agricultural landscape to signal evolving economic conditions and new community dynamics.
Number of Mortgages by Occupancy Type in Chatham County, NC Over the Last 5 Years in Chatham County
Over the past five years, Chatham County, North Carolina has seen fluctuating numbers of mortgages across different occupancy types. Principal residences consistently dominate the market, seeing a peak in 2021 with 7,471 mortgages before dipping significantly in 2022. Investment property mortgages have had a more stable, yet modest presence, with a slight increase observed in 2021. Second residence mortgages remain the least common, showing minimal variation year-to-year. The shifting numbers in principal residence mortgage counts could indicate changing demographics or economic conditions affecting homeownership demand. For investors, real estate agents, and developers, these trends underline the importance of closely monitoring local factors such as job growth and housing affordability, as fluctuations could influence property values and investment returns.
Economic Outlook
Chatham County, North Carolina, has seen a marked increase in average taxable income per tax return, soaring from $73,417.10 in 2013 to $127,400.32 by 2021. This surge, likely driven by higher property values and better employment prospects, points to a growing demand for upscale housing and premium amenities. Average state and local income taxes have also risen, from $8,764.24 in 2012 to $15,580.48 in 2021, indicating enhanced income levels and possibly increased local taxes. Such trends are... Read more
Average Taxable Income per Tax Return in Chatham County, NC over the last 9 years
Chatham County, North Carolina has witnessed a significant uptick in average taxable income per tax return over the past nine years. Beginning at approximately $73,417.10 in 2013, the average taxable income has soared to about $127,400.32 by 2021. This upward trend suggests a thriving economic environment, likely driven by increased property values, enhanced employment opportunities, and perhaps a richer demographic moving into the area. For real estate agents and developers, this could mean a rising demand for luxury housing and premium amenities. Insurance agents and appraisers might also find it prudent to adjust their assessments and policies in line with this growing affluence.
Average State and Local Income Taxes Per Tax Return in Chatham County, NC Over the Last 10 Years
Chatham County, North Carolina, has seen a notable rise in average state and local income taxes per tax return over the past decade. What started at approximately $8,764.24 in 2012 has progressively increased, peaking at around $15,580.48 in 2021. Particularly striking is the period between 2018 and 2021, where tax amounts surged by over 50%. This trend could reflect higher incomes, increased local taxes, or both, suggesting economic growth and potentially greater public services investment. For those looking to move to, invest in, or assess property values, it's crucial to consider these upward trends in tax obligations when evaluating long-term commitments.
Average Total Tax Liability Per Tax Return in Chatham County, NC Over the Last 10 Years
Chatham County, North Carolina, has seen a steady increase in average total tax liability per tax return over the past decade. Starting at $13,736.72 in 2012, the tax liability surged to $24,781.55 by 2021. This upward trend suggests a growing local economy and increasing income levels, possibly making the county more attractive for real estate investment and development. Potential residents and businesses might find this indicative of rising property values and economic opportunities, albeit with a higher tax burden.
Cost of Living in Chatham County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,297 | $1,552 | $1,838 | $1,544 | $1,560 |
| 1 adult 4 children | $1,297 | $1,268 | $1,405 | $1,544 | $1,672 |
| 2 adults 3 children | $1,297 | $1,268 | $1,595 | $1,544 | $1,294 |
| 1 adult 3 children | $1,297 | $1,035 | $1,162 | $1,544 | $1,382 |
| 2 adults 2 children | $1,022 | $1,038 | $1,352 | $1,362 | $1,042 |
| 1 adult 2 children | $1,022 | $775 | $919 | $1,362 | $1,044 |
| 2 adults 1 child | $1,022 | $820 | $1,109 | $769 | $934 |
| 1 adult 1 child | $1,022 | $530 | $676 | $769 | $794 |
| 2 adults | $881 | $659 | $866 | $0 | $738 |
| 1 adult | $877 | $360 | $433 | $0 | $644 |
Safety trends & Data
Chatham County, North Carolina has witnessed fluctuating property crime trends over the past five years. Larceny-theft showed a noticeable decrease, dropping from 115.00 in 2018 to 56.00 in 2022. Burglary had some ups and downs, peaking at 39.00 in 2018 and resting at 37.00 in 2022. Vandalism saw a significant decline from 52.00 in 2018 to 14.00 in 2022. Meanwhile, motor vehicle theft and fraud have remained relatively low and consistent. These property crime trends could influence decisions... Read more
Property Crime Trends in Chatham County, NC Over the Last 5 Years
Chatham County, North Carolina has seen fluctuating trends in property crime over the past five years, with larceny-theft consistently having the highest numbers, though decreasing from 115.0 in 2018 to 56.0 in 2022. Burglary incidents peaked at 39.0 in 2018 and experienced a slight dip but climbed again to 37.0 by 2022. Vandalism has shown a downward trend, reducing from 52.0 in 2018 to 14.0 in 2022. Motor vehicle theft and fraud have remained relatively low and stable. These trends could inform decisions for potential investors, real estate agents, and residents evaluating the county's safety dynamics.
Demographics
Chatham County, North Carolina presents an intriguing demographic profile. The adult population leans slightly female, but both genders are nearly evenly split. Educational attainment varied, with a significant share having a bachelor’s degree, suggesting a highly educated community. Age distribution reveals a strong presence of residents aged 55 and older, hinting at a possibly aging population. Racial composition is predominantly White, with a noticeable proportion of Black or African... Read more
Race Distribution in Chatham County, North Carolina (2022)
Educational Attainment in Chatham County, North Carolina (2022)
Age Distribution in Chatham County, North Carolina
Citizen Population in Chatham County, North Carolina (2022)
Political Trends & Data
In Chatham County, North Carolina, Democratic voters seemingly led in the 2020 U.S. Presidential Election, hinting at a progressive tilt in an otherwise mixed political landscape. With Republicans trailing closely, the area reflects a competitive environment lacking overwhelming dominance by any one party. The minimal presence of Libertarian, Green, and other parties underscores the strong traditional two-party system at play, though shifting margins suggest future local and state elections... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Chatham County, North Carolina, Democratic voters seemingly led the way in the 2020 U.S. Presidential Election with a slight majority, potentially indicating a progressive tilt in a region often characterized by its mixed political landscape. With Republicans trailing somewhat closely, the county's political dynamics could suggest a competitive environment where party allegiance is not overwhelmingly dominated by one side. The negligible showings for Libertarian, Green, and Other parties hint at a primarily two-party system with little room for third-party influence. This data could be reflecting a trend where traditional two-party competition remains strong but with shifting margins that can influence future local and state elections.
43.59% of voters voted for the Republican party in the 2020 Presidential Election
55.12% of voters voted for the Democrat party in the 2020 Presidential Election
0.75% 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
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Chatham County, North Carolina, student-to-teacher ratios have consistently fallen slightly below the national average of 14 students per teacher over the past decade. This suggests more personalized education, which could attract families and drive up property demand and values. As quality education is a significant consideration for potential buyers, this trend is critical for investors and real estate agents. Insurance agents and appraisers also find these metrics informative due to their... Read more
Student-to-teacher ratio in Chatham County, North Carolina over the last 10 years
Over the last decade, Chatham County, North Carolina, has seen a generally favorable trend in its student-to-teacher ratio, dipping slightly below the national average of 14 students per teacher. This trend might suggest smaller class sizes, which could be appealing to families seeking a more personalized education experience. For investors and real estate agents, lower student-to-teacher ratios can enhance property values and drive demand, as quality education is often a key consideration for potential buyers. Insurance agents and appraisers might also track these trends as they can influence community stability and indirectly impact insurance premiums and property valuations.
