Craven County Real Estate and Livability Trends
Craven County, North Carolina showcases an interesting blend of real estate trends and economic indicators. Property values have surged from $154,500 in 2015 to $194,100 in 2022, outpacing national trends but still below the state average, hinting at unique local demand or development dynamics. Rising average taxable incomes from $49,649.37 in 2013 to $69,151.95 in 2021, paired with increasing... Read more
Craven County Market Trends
Craven County, North Carolina has seen median home values rise from $154,500 in 2015 to $194,100 in 2022, outpacing national trends but still trailing the state average. This could hint at unique local demand or development patterns. Residential energy tax credits have shown significant variability, particularly spiking in 2018, suggesting potential shifts in energy investment incentives. Average... Read more
Median Value of Occupied Housing Units in Craven County, North Carolina Over the Last 8 Years
Craven County, North Carolina has seen median home values increase from $154,500 in 2015 to $194,100 in 2022. This represents a steady growth, though still remains below the state average for North Carolina, which saw values rise from $154,900 to $234,900 over the same period. When compared to national trends, where values jumped from $125,500 in 2015 to $179,400 in 2022, Craven County’s growth is particularly robust. This could suggest a unique local demand or development pattern that might be interesting for investors, prospective residents, and builders to explore further.
Residential Energy Tax Credit Per Tax Return in Craven County, NC Over the Last 9 Years
Craven County, North Carolina, has shown considerable fluctuations in residential energy tax credits per tax return over the past nine years. Between 2013 and 2017, values generally increased from around $456.19 to $582.05. However, in 2018 there was a significant surge to $2,492.31, which was followed by a decrease to $890.74 in 2019. The credits then somewhat stabilized around $691.07 to $854.54 from 2020 to 2021. For those involved in real estate, such variability might suggest shifts in energy investment incentives or resident participation in energy-saving measures, which could impact property valuations and long-term ROI.
Average Real Estate Taxes Per Tax Return in Craven County, NC Over the Last 10 Years
Average real estate taxes in Craven County, North Carolina have seen a consistent rise over the last decade, ascending from approximately $2,028.97 in 2012 to about $3,617.33 by 2021. Notably, there's a significant jump between 2017 and 2018 when taxes increased by nearly $900. This upward trend may be of interest to potential investors, homebuyers, and real estate agents as it reflects a potentially appreciating real estate market or changes in local fiscal policy. Potential property developers and insurance agents should also consider how these rising taxes might impact future valuations and coverage costs.
Percentage of Farm Returns in Craven County, NC Over the Last 10 Years
In Craven County, North Carolina, the percentage of farm tax returns has generally trended downward over the past decade, decreasing from approximately 0.61% in 2012 to around 0.40% in 2021. This gradual decline might suggest a shift in the local economy or changes in agricultural practices. For investors, builders, or those looking to move to the area, these trends could be indicative of evolving land use and economic priorities. Farm tax returns, which represent the proportion of tax filings from agricultural operations, provide insight into the agricultural sector's size and economic health in the region.
Number of Mortgages by Occupancy Type in Craven County, NC Over the Last 5 Years in Craven County
Craven County, North Carolina has seen a notable increase in mortgages for principal residences over the past five years, peaking in 2021 with 8,290 mortgages, up from 4,066 in 2018. There's also a steady rise in investment property mortgages, from 208 in 2018 to 465 in 2021, indicating growing interest from investors. Occupancy types influence the local real estate market dynamics: principal residence trends signal strong community growth and stability, while a rise in investment properties might suggest rising rental market potential or speculative buying. Understanding these shifts is crucial for investors planning property acquisitions, appraisers gauging market values, or insurers assessing risk profiles. For prospective homebuyers, this evolving landscape could affect property availability and pricing.
Economic Outlook
Craven County, North Carolina presents a compelling case for real estate stakeholders, with the average taxable income per tax return rising from $49,649.37 in 2013 to $69,151.95 by 2021, showcasing economic growth. However, state and local income taxes have also surged, peaking at $11,420.18 in 2021, indicating shifts that could affect financial planning. Additionally, the average total tax liability has increased, underscoring potential financial pressures. While the poverty rate has shown... Read more
Average Taxable Income per Tax Return in Craven County, NC over the last 9 years
Over the past nine years, Craven County, North Carolina has generally seen an upward trend in average taxable income per tax return, starting at $49,649.37 in 2013 and rising to $69,151.95 by 2021. Notably, there was a significant jump between 2017 and 2018, with incomes increasing from $53,246.65 to $59,148.84. Though some fluctuations occurred between 2019 and 2020, the overall trend indicates a growing economic prosperity in the area. This data can be particularly compelling for real estate agents, appraisers, insurance agents, and potential investors looking to understand the financial landscape and economic health of the region.
Average State and Local Income Taxes Per Tax Return in Craven County, NC Over the Last 10 Years
Craven County, North Carolina has experienced notable fluctuations in state and local income taxes per tax return over the past decade. Starting from $6,276.21 in 2012, taxes saw a decline and a slight rebound until a significant increase around 2018 when taxes dramatically rose to $9,454.14. Trends continued upward through 2021, peaking around $11,420.18. This rapid rise in recent years signals a changing economic or policy environment that may impact financial planning for those looking to invest or settle in the area. These shifts are critical for appraisal accuracy, insurance assessments, and overall property market stability.
Average Total Tax Liability Per Tax Return in Craven County, NC Over the Last 10 Years
In Craven County, North Carolina, average total tax liability per tax return has generally increased over the past decade, with a notable rise from $7,394.20 in 2012 to $10,497.01 in 2021. This trend highlights the escalating tax burdens that residents and businesses might face, something that could influence decisions for investors, prospective homeowners, and real estate developers. Elevated tax liabilities can also impact property appraisals and insurance considerations, making it a critical factor for various stakeholders in the area.
Cost of Living in Craven County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,465 | $1,496 | $2,253 | $1,390 | $1,636 |
| 1 adult 4 children | $1,465 | $1,222 | $1,726 | $1,390 | $1,721 |
| 2 adults 3 children | $1,465 | $1,222 | $1,954 | $1,390 | $1,353 |
| 1 adult 3 children | $1,465 | $998 | $1,426 | $1,390 | $1,446 |
| 2 adults 2 children | $1,092 | $1,000 | $1,654 | $1,226 | $1,062 |
| 1 adult 2 children | $1,092 | $747 | $1,127 | $1,226 | $1,021 |
| 2 adults 1 child | $1,092 | $791 | $1,355 | $692 | $943 |
| 1 adult 1 child | $1,092 | $511 | $827 | $692 | $789 |
| 2 adults | $834 | $635 | $1,056 | $0 | $720 |
| 1 adult | $829 | $346 | $528 | $0 | $623 |
Safety trends & Data
Craven County, North Carolina has shown varying trends in property crimes over the past five years, impacting the local real estate market notably. Larceny peaked at 209 cases in 2020 but dropped to 124 in 2022, while burglary incidents decreased from 49 in 2018 to 36 in 2022. Motor vehicle theft and embezzlement remained relatively low and stable, though vandalism has shown fluctuation, staying significant with 32 cases in 2022. These shifts are crucial for investors, residents, insurance... Read more
Property Crime Trends in Craven County, NC Over the Last 5 Years
Craven County, North Carolina has seen fluctuations in property crimes over the past five years, with noticeable trends. Larceny has typically been the most prevalent crime, peaking in 2020 with 209 reported cases, but showing a marked decrease to 124 in 2022. Burglary incidents have generally declined from 49 in 2018 to 36 in 2022. There has also been a relatively low and stable occurrence of motor vehicle theft and embezzlement, even as vandalism showed variability but remained significant in 2022 with 32 cases. These trends matter for potential investors, residents, insurance agents, and real estate professionals as they indicate the shifting landscape of property-related risks in the county.
Demographics
Craven County, North Carolina, reflects a relatively even gender distribution among its adult population, indicating balanced male and female populations. Educational attainment reveals a notable number of individuals with high school diplomas or some college experience, though fewer residents hold bachelor's or graduate degrees. Age distribution skews moderately towards a younger working-age population, suggesting economic activity and potential workforce availability. Racial diversity shows a... Read more
Race Distribution in Craven County, North Carolina (2022)
Educational Attainment in Craven County, North Carolina (2022)
Age Distribution in Craven County, North Carolina
Citizen Population in Craven County, North Carolina (2022)
Political Trends & Data
Craven County in North Carolina showed a noticeable preference for Republican candidates in the 2020 U.S. Presidential Election, with around 58% of votes possibly supporting the GOP. Democrats secured almost 40%, leaving Libertarians with a bit above 1%. The region's two-party preference indicates a largely conservative voter base, with minimal backing for third-party candidates. This trend is useful for understanding local political dynamics and planning community engagements or real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Craven County in North Carolina leaned Republican in the 2020 U.S. Presidential Election, with nearly 58% of the votes potentially supporting the Republican candidate. Democrats garnered close to 40%, while Libertarians received just over 1%. Votes for Green Party and other candidates were minimal, indicating a strong two-party preference in this region. This voting pattern might suggest a predominantly conservative voter base with limited support for third-party candidates.
58.48% of voters voted for the Republican party in the 2020 Presidential Election
39.85% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Craven County, North Carolina has had student-to-teacher ratios consistently above the national average of 14 students per teacher, fluctuating between 15 and 16 over the past decade, peaking at 16 in 2020. Prospective investors and residents should be mindful of these higher ratios, which may impact the quality of student attention and teaching. This trend could influence property market values and overall livability, making it a consideration for insurance agents, real estate agents, and... Read more
Student-to-teacher ratio in Craven County, North Carolina over the last 10 years
Craven County, North Carolina has consistently seen student-to-teacher ratios hovering above the national average of 14 students per teacher over the past decade. Ratios have fluctuated between 15 and 16, reaching a peak of 16 in 2020. Investors and residents considering local schools should note these higher ratios, indicative of larger class sizes which could impact the quality of student attention and teaching. Insurance agents, real estate agents, and appraisers might factor this trend into their evaluations as education quality often influences property market values and livability.
