Clay County Real Estate and Livability Trends
Clay County, North Carolina, has seen a substantial rise in both average taxable incomes and median home values, indicating growing affluence and potential for real estate investments. Average taxable incomes surged to $69,667.32 by 2021, while median home values jumped to $251,900 in 2022, outpacing state and national averages. Concurrently, real estate and state income taxes have climbed,... Read more
Clay County Market Trends
Clay County, North Carolina, has experienced a significant rise in median home values, jumping from $147,900 in 2015 to $251,900 in 2022, outpacing both state and national averages. Residential energy tax credits have fluctuated, peaking around $1,000.00 in recent years, indicating varying levels of investment in energy-efficient upgrades. Real estate tax has consistently increased, with a... Read more
Median Value of Occupied Housing Units in Clay County, North Carolina Over the Last 8 Years
Clay County, North Carolina, has seen remarkable growth in median home values over the past eight years, jumping from $147,900 in 2015 to $251,900 in 2022. This rise significantly outpaces the state and national averages, with North Carolina's median home values growing from $154,900 to $234,900 and the U.S. figures increasing from $125,500 to $179,400 in the same period. Such trends suggest Clay County could be a compelling option for investors, prospective homeowners, and developers seeking substantial property value appreciation.
Residential Energy Tax Credit Per Tax Return in Clay County, NC Over the Last 8 Years
Over the past eight years, Clay County, North Carolina has seen fluctuating averages in residential energy tax credits per tax return, indicative of varying investment levels in energy-efficient upgrades. High points around 2014 and recent years, such as 2021 averaging $1,000.00, suggest increasing incentives or consumer awareness. Conversely, dips in 2016 and 2017, with averages around $433.33 and $466.67 respectively, could imply either reduced participation or changes in tax policy. Those involved in property investment or home upgrades might find this trend useful to gauge potential savings or incentives.
Average Real Estate Taxes Per Tax Return in Clay County, NC Over the Last 10 Years
Over the past decade in Clay County, North Carolina, average real estate taxes per tax return have seen a consistent upward trend with notable year-over-year increases, especially from 2017 to 2019. During 2018, there was a significant spike to approximately $2,575.86 followed by a peak at $2,842.42 in 2019. This increase may impact investment decisions, property valuation, and real estate market dynamics as potential buyers and investors consider the tax implications. The data also suggests that appraisers and insurance agents might want to account for steadily rising property taxes when evaluating property values and insurance costs, respectively. For those looking to build or buy property, understanding these trends could be crucial in forecasting long-term expenses.
Percentage of Farm Returns in Clay County, NC Over the Last 10 Years
Over the past decade, Clay County, North Carolina has shown a fluctuating trend in farm tax returns, hovering around a low percentage point. From 2.56% in 2012, the percentage reached a relative peak of 2.99% in 2015 and 2017 before declining slightly to 2.41% by 2021. Farm tax returns are filings from individuals or businesses who earn income from agricultural activities. A lower percentage of farm returns could indicate a possible shift away from agriculture-based revenue, potentially affecting property investments, local businesses, and lifestyle choices for residents and newcomers interested in rural community dynamics. Understanding these trends may be crucial for making informed decisions about investments or residential moves into the area.
Number of Mortgages by Occupancy Type in Clay County, NC Over the Last 5 Years in Clay County
Clay County, North Carolina saw noteworthy shifts in its mortgage landscape over the last five years. Principal residences consistently led mortgage counts, peaking at 877 in 2021 and reflecting increased demand for permanent homes, perhaps driven by economic conditions or preferences for stable living arrangements. Investment property mortgages remained relatively low and stable, suggesting limited investor activity or cautious financial strategizing. However, second residence mortgages fluctuated, peaking in 2021 with 239 before dropping significantly to 89 in 2022, possibly influenced by market conditions or changing consumer priorities. These changes in mortgage types offer valuable insights for investors, real estate agents, and builders; they highlight varying demands that could impact future property values, insurance assessments, and development opportunities.
Economic Outlook
In Clay County, North Carolina, average taxable incomes per tax return have surged from $40,282.09 in 2013 to $69,667.32 in 2021, which indicates a growing affluence that might attract investors and new residents. State and local income taxes also climbed significantly, from around $4,867.82 in 2012 to approximately $9,700.00 by 2021, reflecting possible economic shifts or policy changes. The average total tax liability per tax return has similarly escalated, especially from 2020 to 2021, when... Read more
Average Taxable Income per Tax Return in Clay County, NC over the last 9 years
In Clay County, North Carolina, average taxable incomes per tax return have shown a notable upward trend over the last nine years. From $40,282.09 in 2013, there's been a steady increase, reaching $69,667.32 in 2021. This substantial growth, particularly the spike from $55,019.19 in 2020 to $69,667.32 in 2021, suggests a rising affluence in the region, making it potentially attractive for investors, new residents, appraisers, and real estate agents. For those looking to build property or involved in insurance, this trend may signal a robust economic environment.
Average State and Local Income Taxes Per Tax Return in Clay County, NC Over the Last 10 Years
In the past decade, Clay County, North Carolina saw significant growth in state and local income taxes per tax return. Starting at around $4,867.82 in 2012, there’s been a notable increase, ending at approximately $9,700.00 by 2021. The sharp rise beginning in 2018, with figures jumping from $5,625.00 in 2017 to $7,888.00, suggests a possible economic shift or policy changes that might interest potential investors, real estate agents, and insurance providers. The consistent upward trend highlights economic changes and could be a critical factor for anyone considering property investments or relocations to the area.
Average Total Tax Liability Per Tax Return in Clay County, NC Over the Last 10 Years
Over the past decade in Clay County, North Carolina, the average total tax liability per tax return has shown a general upward trajectory. Notably, significant increases took place from 2014 to 2015 and from 2016 to 2017. The jump from 2020 to 2021, where the average soared to $11,514.50, marks a sharp rise and suggests economic movements or policy changes impacting residents. This progression may influence decisions for potential investors, property developers, and real estate agents, hinting at shifting economic landscapes or demographic changes. Such trends may also affect insurance appraisals and local market valuations.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,027 | $1,323 | $2,023 | $1,140 | $1,169 |
| 1 adult 4 children | $1,027 | $1,080 | $1,549 | $1,140 | $1,254 |
| 2 adults 3 children | $1,027 | $1,081 | $1,754 | $1,140 | $936 |
| 1 adult 3 children | $1,027 | $882 | $1,280 | $1,140 | $963 |
| 2 adults 2 children | $844 | $885 | $1,485 | $998 | $823 |
| 1 adult 2 children | $844 | $661 | $1,011 | $998 | $748 |
| 2 adults 1 child | $844 | $699 | $1,217 | $536 | $759 |
| 1 adult 1 child | $844 | $452 | $743 | $536 | $629 |
| 2 adults | $747 | $562 | $948 | $0 | $649 |
| 1 adult | $695 | $306 | $474 | $0 | $562 |
Safety trends & Data
Clay County, North Carolina has seen various fluctuations in property crime over the last five years. Burglary incidents peaked in 2018 with 15 cases but dropped significantly to just 5 by 2022. Larceny-theft cases were highest in 2018 and 2021 with 14 and 13 incidents respectively, yet these dropped to 7 in both 2019 and 2022. Motor vehicle theft saw slight variability, peaking at 5 in 2020 but falling to just 1 in 2021. This dynamic crime landscape provides crucial insights for investors,... Read more
Property Crime Trends in Clay County, NC Over the Last 5 Years
Clay County, North Carolina, has shown varying trends in property crime over the last five years, with notable fluctuations in burglary and larceny-theft cases. While burglaries peaked in 2018 with 15 reported incidents, they saw a significant reduction by 2022, dropping to just 5 cases. Larceny-theft incidents also varied, with a high of 14 in 2018 and 13 in 2021, but only 7 in both 2019 and 2022. Motor vehicle theft showed minor variations, peaking at 5 in 2020, but dropping to just 1 in 2021. Overall, the county appears to experience annual shifts in different categories, suggesting a dynamic crime landscape rather than a steady upward or downward trend. This data is essential for potential investors, homeowners, and insurance agents to assess risk and plan security measures accordingly.
Demographics
Clay County, North Carolina reveals a moderate gender imbalance with females slightly outnumbering males. Educational attainment suggests a community with a significant portion of high school graduates and some college experience, but fewer individuals possessing advanced degrees. Age distribution skews older with substantial percentages in the 55+ age brackets, reflecting perhaps a retiree or aging population. The racial composition is overwhelmingly White, with minority groups collectively... Read more
Race Distribution in Clay County, North Carolina (2022)
Educational Attainment in Clay County, North Carolina (2022)
Age Distribution in Clay County, North Carolina
Citizen Population in Clay County, North Carolina (2022)
Political Trends & Data
Clay County, North Carolina, showed a strong inclination towards Republican candidates in the 2020 Presidential Election, with around 75% of votes perhaps favoring the GOP. Democrats earned roughly 25%, indicating some support but much less influence. Third parties like Libertarians and Greens barely made a dent, pointing to a two-party system’s stronghold in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clay County, North Carolina, leaned heavily Republican in the 2020 U.S. Presidential Election, with close to three-quarters of the votes possibly going to the Republican candidate. Democrats garnered about a quarter of the vote, suggesting limited but notable support. Third-party options like the Libertarian and Green parties, along with other minor parties, seem to have received minimal support, collectively representing a small fraction of the total votes. This distribution could indicate a strong two-party system dominance in the county.
74.16% of voters voted for the Republican party in the 2020 Presidential Election
24.65% of voters voted for the Democrat party in the 2020 Presidential Election
0.67% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% 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
In Clay County, North Carolina, the student-to-teacher ratio has stayed close to the national average of 14 students per teacher over the last decade, with minor dips below this average in select years. Such stability in the education sector could be a key factor influencing property values and community attractiveness. Real estate agents can leverage this information to underscore the area's potential educational reliability when appealing to prospective... Read more
Student-to-teacher ratio in Clay County, North Carolina over the last 10 years
In Clay County, North Carolina, the student-to-teacher ratio has generally hovered around the national average of 14 students per teacher over the last decade, with minor fluctuations. Ratios dipped slightly below the national average in 2015, 2019, and 2020, with numbers reaching as low as 13 students per teacher at times. However, recent years have shown a stabilization closer to 14, suggesting consistent staffing levels in local schools. For those considering moving, building, or investing in the area, this consistent ratio can signal a stable education environment, which can be a crucial factor in community appeal and property values. Additionally, real estate agents might find this information useful for highlighting the area's potential educational stability to prospective buyers.
