Cleveland County Real Estate and Livability Trends
Cleveland County, North Carolina's average taxable income per tax return rose from $42,433.90 in 2013 to $54,785.60 in 2021, suggesting an economically vibrant area that might attract real estate interest. The noticeable increase in state and local income taxes, peaking at $8,840.00 in 2020, could indicate a growing economy or new tax policies impacting property valuations. Median home values... Read more
Cleveland County Market Trends
Cleveland County, North Carolina, has witnessed a consistent increase in median home values, rising from $104,400 in 2015 to $155,000 in 2022, yet still lagging behind both state and national averages. Residential energy tax credits peaked at $1,892.31 in 2018, likely indicating a surge in energy-efficient upgrades, although credits have decreased since. Real estate taxes have noticeably... Read more
Median Value of Occupied Housing Units in Cleveland County, North Carolina Over the Last 8 Years
Over the past eight years, Cleveland County, North Carolina has seen a consistent increase in median home values, rising from $104,400 in 2015 to $155,000 in 2022. This growth, although steady, lags behind the state average, which saw values rise from $154,900 to $234,900 over the same period. On a national scale, Cleveland County's median home value remains well below the national median, which reached $179,400 in 2022. For investors and homebuyers, this indicates that Cleveland County could present more affordable opportunities compared to the broader North Carolina and U.S. markets.
Residential Energy Tax Credit Per Tax Return in Cleveland County, NC Over the Last 9 Years
Over the past nine years, Cleveland County, North Carolina, has seen a notable fluctuation in the average residential energy tax credit per tax return. Starting from $317.11 in 2013, the average credit peaked significantly at $1,892.31 in 2018, suggesting a potential surge in energy-efficient home upgrades or incentives during that period. Although it decreased in subsequent years, the credit remained relatively high, reaching $1,002.17 in 2021. This trend may interest investors, appraisers, and real estate agents seeking insights into the county's investment in energy efficiency, potentially indicating a growing residential market focused on sustainability and cost-effective energy solutions.
Average Real Estate Taxes Per Tax Return in Cleveland County, NC Over the Last 10 Years
Over the past decade, Cleveland County, North Carolina has seen a noticeable upward trend in average real estate taxes per tax return, with substantial increases especially after 2018. Notably, the jump from roughly $2,154.70 in 2017 to around $2,840.28 in 2018 suggests significant changes possibly impacting property values or tax policies. This rise could inform potential investors, real estate professionals, and residents about increasing fiscal responsibilities tied to property ownership in the area.
Percentage of Farm Returns in Cleveland County, NC Over the Last 10 Years
The percentage of farm tax returns in Cleveland County, North Carolina has seen a general decline over the last decade, with figures dropping from approximately 2.15% in 2012 to around 1.59% in 2021. Farm tax returns, which reflect the number of tax filings for agricultural income, are an indicator of the vitality of the farming community. This downtrend might suggest a shift away from agriculture or a reduction in farm-based income, which could interest investors and property developers. This data may also be relevant for those considering the economic landscape or contemplating a move within the area, as it hints at evolving sectors in the region's economy.
Number of Mortgages by Occupancy Type in Cleveland County, NC Over the Last 5 Years in Cleveland County
In Cleveland County, North Carolina, the number of mortgages for principal residences saw a notable decline from 6,486 in 2021 to 4,965 in 2022, while investment properties have remained relatively stable, hovering around the 260 mark. Second residences have shown minor fluctuations, with counts generally under 100 annually. These changes in occupancy types can be crucial for potential investors and real estate agents as they reflect shifting market dynamics and demand. Lower mortgage counts for principal residences might signal a cooling housing market or possibly reflect changes in housing affordability. For appraisers and insurance agents, understanding these shifts can help assess property values and risk more accurately. Builders might see stable investment property numbers as a cue to consider rental developments or housing targeted at investors.
Economic Outlook
Cleveland County, North Carolina has displayed a steady rise in average taxable income per tax return from $42,433.90 in 2013 to $54,785.60 in 2021, hinting at a positive economic shift that could interest investors and real estate agents. Despite a dip in 2019, the trend resumed upwards, culminating in a significant spike in 2021, which might be a sign of a strengthening local economy affecting property valuations. Parallelly, state and local income taxes saw a notable increase from... Read more
Average Taxable Income per Tax Return in Cleveland County, NC over the last 9 years
Cleveland County, North Carolina has shown a gradual but noticeable increase in average taxable income per tax return over the past 9 years, moving from $42,433.90 in 2013 to $54,785.60 in 2021. This upward trend suggests a positive economic shift that may be appealing to investors, real estate agents, and potential new residents seeking growing communities. While 2019 saw a slight dip compared to 2018, the overall upward trajectory resumed and even spiked significantly in 2021. This could indicate a strengthening local economy, which might be a key factor in property valuation, insurance premiums, and investment returns in the area.
Average State and Local Income Taxes Per Tax Return in Cleveland County, NC Over the Last 10 Years
Cleveland County, North Carolina has experienced a notable upward trend in average state and local income taxes per tax return over the last decade, especially from 2018 onwards. Between 2012 and 2017, the figures generally hovered around the $5,200 to $5,500 range, but a significant jump occurred in 2018, reaching $7,551.46 and continued to rise, peaking at $8,840.00 in 2020. This sharp increase in tax amounts could signal economic growth, changes in tax policy, or shifts in income levels—all critical points of interest for potential investors, property developers, or anyone involved in the real estate market.
Average Total Tax Liability Per Tax Return in Cleveland County, NC Over the Last 10 Years
Over the last decade, Cleveland County, North Carolina has seen a noticeable increase in average total tax liability per tax return, peaking at $7,299.65 in 2021. This upward trend, with occasional fluctuations, could suggest a growth in income and possibly changes in the local economy. For investors and real estate agents, this may indicate a community with rising financial responsibilities and potential issues to consider. Builders and insurance agents might also find this data useful in assessing risk and potential property values in the area.
Cost of Living in Cleveland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,069 | $1,303 | $1,859 | $1,115 | $1,081 |
| 1 adult 4 children | $1,069 | $1,064 | $1,422 | $1,115 | $1,170 |
| 2 adults 3 children | $1,069 | $1,064 | $1,612 | $1,115 | $878 |
| 1 adult 3 children | $1,069 | $869 | $1,176 | $1,115 | $893 |
| 2 adults 2 children | $771 | $871 | $1,366 | $974 | $734 |
| 1 adult 2 children | $771 | $651 | $929 | $974 | $650 |
| 2 adults 1 child | $771 | $689 | $1,120 | $512 | $683 |
| 1 adult 1 child | $771 | $445 | $683 | $512 | $568 |
| 2 adults | $586 | $553 | $874 | $0 | $563 |
| 1 adult | $582 | $302 | $437 | $0 | $510 |
Safety trends & Data
Cleveland County, North Carolina has seen notable fluctuations in property crime over the past five years, particularly in burglary and larceny-theft. Burglary arrests plummeted from 192.00 in 2018 to 28.00 in 2019 but have since risen, while larceny-theft arrests also dropped sharply from 363.00 in 2018 to 67.00 in 2019 before gradually increasing. Meanwhile, vandalism and fraud arrests have remained relatively stable. These crime trends are potentially significant for investors, insurance... Read more
Property Crime Trends in Cleveland County, NC Over the Last 5 Years
Cleveland County, North Carolina has experienced significant fluctuations in property crime over the last five years, particularly in categories like burglary and larceny-theft. For instance, while burglary saw a sharp decline from 192.00 arrests in 2018 to just 28.00 in 2019, there was an uptick again in the following years. Similarly, larceny-theft, which peaked at 363.00 arrests in 2018, dropped to 67.00 in 2019 before gradually rising again. Vandalism and fraud have generally remained more stable with minor variations year to year, suggesting localized patterns rather than broad trends. Understanding these shifts can be crucial for potential investors, insurance agents, and residents as they influence both community safety perceptions and economic decisions.
Demographics
Cleveland County, North Carolina, exhibits a slightly female-majority population and a predominantly white demographic, with 72,559 identifying as White and over 20,000 as Black or African American. Educationally, many residents have achieved a high school diploma or some college experience, but the attainment rates for higher education degrees remain relatively modest. The age distribution indicates a significant proportion of the population is middle-aged, particularly within the 45 to 54... Read more
Race Distribution in Cleveland County, North Carolina (2022)
Educational Attainment in Cleveland County, North Carolina (2022)
Age Distribution in Cleveland County, North Carolina
Citizen Population in Cleveland County, North Carolina (2022)
Political Trends & Data
Cleveland County, North Carolina, appears to have a strong preference for Republican candidates, with approximately 65.87% of votes hinting at this trend in the 2020 U.S. Presidential Election. Democratic candidates seem to have garnered around 33.05% of the votes, suggesting a lower but notable level of support. The minimal impact of minor parties could imply a predominantly two-party dynamic among voters in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cleveland County, North Carolina, the 2020 U.S. Presidential Election results indicate a significant leaning towards Republican candidates, with 65.87% of votes possibly reflecting this preference. Democratic support appears lower, garnering around 33.05% of the vote. Minor party influence remains minimal, potentially underscoring a predominantly two-party voter landscape in the county.
65.87% of voters voted for the Republican party in the 2020 Presidential Election
33.05% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Green party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Cleveland County, North Carolina has seen its student-to-teacher ratio range between 14 and 16 students per teacher, often just above the national average of 14. These fluctuations might reflect changes in educational funding and resource allocation, which could impact property values, insurance, and the area’s overall appeal to relocating families. A relatively low student-to-teacher ratio is generally attractive to parents and can be a significant real estate selling... Read more
Student-to-teacher ratio in Cleveland County, North Carolina over the last 10 years
Over the last 10 years, Cleveland County, North Carolina has seen its student-to-teacher ratio fluctuate between 14 and 16 students per teacher, often hovering just above the current national average of 14 students per teacher. These variations might suggest shifts in educational funding, class sizes, or resource allocation within the school system. Such changes could influence property values, insurance considerations, and the overall appeal of the area for families contemplating relocation. A relatively low student-to-teacher ratio is typically viewed favorably by parents and can be a key selling point for real estate agents. This metric also provides valuable insight for investors assessing the community’s commitment to education, as well as for those in construction and development considering new projects in the region.
