Cherokee County Real Estate and Livability Trends
Cherokee County, North Carolina, shows a noticeable economic ascent with average taxable income per tax return climbing from $37,448.65 in 2013 to $53,592.25 by 2021. This could be due to higher-paying jobs or successful local ventures. Median home values have also surged, from $142,600 in 2015 to $193,500 in 2022, signaling a hot real estate market. The rise in residential energy tax credits and... Read more
Cherokee County Market Trends
The median home values in Cherokee County, North Carolina have surged from $142,600 in 2015 to $193,500 in 2022, outpacing national trends and suggesting a lucrative real estate market. Residential energy tax credits increased significantly, peaking at $990.91 in 2021, highlighting a growing local focus on energy-efficient home improvements. Real estate taxes also spiked, jumping from $1,677.09... Read more
Median Value of Occupied Housing Units in Cherokee County, North Carolina Over the Last 8 Years
The median home values in Cherokee County, North Carolina have seen substantial growth over the past 8 years, with prices rising from $142,600 in 2015 to $193,500 in 2022. This trend is particularly interesting when compared to the state and national levels: North Carolina as a whole jumped from $154,900 to $234,900, while national values increased from $125,500 to $179,400 in the same period. Despite the slower rate relative to North Carolina, Cherokee County's impressive uptick surpasses the national average, making it an appealing spot for real estate investments, newcomers, and developers looking to capitalize on steady appreciation.
Residential Energy Tax Credit Per Tax Return in Cherokee County, NC Over the Last 8 Years
Cherokee County, North Carolina has seen a notable increase in the average residential energy tax credit per tax return over the past eight years, peaking at $990.91 in 2021. From 2013's relatively modest $268.75, the consistent rise—interrupted by minor dips—suggests growing investments in energy-efficient home improvements. This could highlight increased local awareness and adoption of sustainable practices, making it potentially an attractive location for green investors, homeowners considering energy upgrades, and appraisers or real estate agents looking to leverage this eco-friendly trend.
Average Real Estate Taxes Per Tax Return in Cherokee County, NC Over the Last 10 Years
Over the last decade, Cherokee County, North Carolina has seen a notable increase in average real estate taxes per tax return, with a particularly significant spike beginning in 2018. Starting from an average of $1,677.09 in 2012, the values took a steady rise, reaching $2,679.07 by 2021. This surge, especially after 2017, may suggest escalating property values or adjusted tax rates. This trend could be vital for investors, real estate agents, and appraisers as it underlines a potential area of growth or a change in fiscal policies, impacting decisions on buying or selling properties.
Percentage of Farm Returns in Cherokee County, NC Over the Last 10 Years
Over the last decade, Cherokee County, North Carolina has seen a subtle yet steady decline in the percentage of farm tax returns. These returns, which provide an indication of farm-related income declared to the IRS, have decreased from around 1.94% in 2012 and 2013 to approximately 1.43% in 2021. Investors and potential residents should note that this trend might reflect shifts in the agricultural economy or changes in the county's economic landscape. Understanding these trends can be crucial for making informed decisions about property investments, development opportunities, or community engagement in Cherokee County.
Number of Mortgages by Occupancy Type in Cherokee County, NC Over the Last 5 Years in Cherokee County
Fluctuations in the number of mortgages by occupancy type in Cherokee County, North Carolina over the last five years hint at shifting market dynamics. Observers might note the consistent high demand for principal residences, peaking in 2021, while second residences and investment properties display more variability. These trends can directly influence market valuations, insurance considerations, and development plans. Diverse occupancy types can indicate economic growth patterns, potential rental demand, and community dynamics, all crucial for stakeholders in real estate, insurance, and local planning.
Economic Outlook
Cherokee County, North Carolina, has witnessed a significant rise in average taxable income per tax return over nearly a decade, jumping from approximately $37,448.65 in 2013 to around $53,592.25 by 2021. This upward trend, especially the sharp increases in the last couple of years, hints at economic growth possibly driven by higher-paying jobs or successful local ventures. Concurrently, average state and local income taxes per tax return surged from the mid $4,500s in 2012 to over $8,000 by... Read more
Average Taxable Income per Tax Return in Cherokee County, NC over the last 9 years
Cherokee County, North Carolina has seen a noticeable rise in average taxable income per tax return over the past nine years, climbing from approximately $37,448.65 in 2013 to about $53,592.25 in 2021. This steady increase, particularly the sharp uptick in the last two years, could signal economic growth and possibly an upturn in higher-paying jobs or successful local enterprises. For investors, real estate agents, builders, and residents, this trend might suggest a maturing market with strengthening financial stability, potentially affecting property values, investment opportunities, and overall economic forecasts for the area.
Average State and Local Income Taxes Per Tax Return in Cherokee County, NC Over the Last 10 Years
Cherokee County, North Carolina has experienced a noticeable rise in average state and local income taxes per tax return over the past decade. Starting around the mid $4,500s in 2012, it jumped significantly to over $8,000 by 2021. The sharpest increases appear post-2017, possibly indicating economic shifts or policy changes affecting local taxation levels. This trend could be crucial for potential investors, property developers, and insurers as it may impact property values and cost of living. Real estate agents and residents might want to explore the implications of these tax increases on household finances and community amenities.
Average Total Tax Liability Per Tax Return in Cherokee County, NC Over the Last 10 Years
Cherokee County, North Carolina, has seen a notable increase in average total tax liability per tax return over the last decade. Starting at approximately $4,771.45 in 2012, it gradually climbed to around $7,130.33 by 2021. This steady upward trend suggests rising incomes and possibly growing property values in the area, which might be of interest to investors and real estate agents. Such growth potentially impacts appraisals and insurance premiums, making these figures crucial for informed decision-making in the property market of Cherokee County.
Cost of Living in Cherokee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,093 | $1,323 | $2,023 | $1,140 | $1,196 |
| 1 adult 4 children | $1,093 | $1,080 | $1,549 | $1,140 | $1,284 |
| 2 adults 3 children | $1,093 | $1,081 | $1,754 | $1,140 | $962 |
| 1 adult 3 children | $1,093 | $882 | $1,280 | $1,140 | $1,000 |
| 2 adults 2 children | $812 | $885 | $1,485 | $998 | $807 |
| 1 adult 2 children | $812 | $661 | $1,011 | $998 | $727 |
| 2 adults 1 child | $812 | $699 | $1,217 | $536 | $743 |
| 1 adult 1 child | $812 | $452 | $743 | $536 | $613 |
| 2 adults | $617 | $562 | $948 | $0 | $600 |
| 1 adult | $613 | $306 | $474 | $0 | $529 |
Safety trends & Data
Analyzing property crime trends in Cherokee County, North Carolina over the last five years reveals a noteworthy decline in both burglary and larceny-theft incidents, with larceny-theft decreasing from 113.00 cases in 2018 to 35.00 in 2022. Meanwhile, crimes like fraud and arson have remained relatively stable but minimal. Motor vehicle thefts have fluctuated without showing a clear trend. These patterns could suggest increasing effectiveness of local law enforcement or changes in... Read more
Property Crime Trends in Cherokee County, NC Over the Last 5 Years
Analyzing property crime trends over the last five years in Cherokee County, North Carolina reveals a noteworthy decline in both burglary and larceny-theft incidents, with the latter decreasing from 113.0 cases in 2018 to 35.0 in 2022. However, certain crimes like fraud and arson have remained relatively stable but minimal. Motor vehicle thefts have fluctuated but don't show a clear upward or downward trend. These patterns could suggest increasing effectiveness of local law enforcement or changing socio-economic conditions impacting crime rates. For investors, real estate agents, and people considering relocating, this information may imply improving safety and security in the area.
Demographics
Cherokee County, North Carolina exhibits a balanced gender ratio among its adult population, with a slight female majority. Educational attainment is diverse, though most residents have completed high school, with a smaller yet significant proportion holding college degrees. The age distribution suggests a considerable number of retirees, reflecting an older demographic. Racially, the county is predominantly White, with only small numbers of other ethnic groups, hinting at limited diversity.... Read more
Race Distribution in Cherokee County, North Carolina (2022)
Educational Attainment in Cherokee County, North Carolina (2022)
Age Distribution in Cherokee County, North Carolina
Citizen Population in Cherokee County, North Carolina (2022)
Political Trends & Data
Cherokee County, North Carolina, potentially leaned heavily Republican in the 2020 U.S. Presidential Election, with over 76% of votes cast for the GOP. Democrats captured roughly 22%, and third-party votes were minimal, collectively under 2%. This strong conservative preference might impact local and state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cherokee County in North Carolina potentially showed a strong Republican preference in the 2020 U.S. Presidential Election, with Republicans receiving just over 76% of the votes. Democrats garnered about 22%, while third-party votes were minimal, with Libertarians, Greens, and others collectively making up less than 2% of the vote share. This distribution suggests Cherokee County might lean significantly conservative, possibly influencing local and state political landscapes.
76.89% of voters voted for the Republican party in the 2020 Presidential Election
21.82% of voters voted for the Democrat party in the 2020 Presidential Election
0.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Cherokee County, North Carolina has slightly declined over the last decade, remaining around 13 students per teacher. This is below the national average of 14 students per teacher, hinting at more personalized attention for students. For potential homebuyers or investors, this could signal a more appealing educational environment, potentially influencing real estate demand and property values. Real estate agents, appraisers, and insurance agents might view this... Read more
Student-to-teacher ratio in Cherokee County, North Carolina over the last 10 years
The student-to-teacher ratio in Cherokee County, North Carolina has shown a slight but noticeable decline over the last decade, starting from 13 students per teacher in 2014 to around 13 in 2023. This trend is generally lower than the national average of 14 students per teacher, possibly indicating more personalized attention for students in the county. For those interested in moving to the area or investing in property, a lower student-to-teacher ratio could suggest a more appealing education environment, which might also be a selling point for real estate agents. Appraisers and insurance agents might also take this into consideration when evaluating the overall quality of living and educational infrastructure in Cherokee County.
