Cumberland County Real Estate and Livability Trends
Cumberland County, North Carolina's real estate market exhibits a promising upward trend. Rising average taxable income from $44,206.17 in 2013 to $55,168.90 by 2021, despite a pandemic dip, hints at a strengthening local economy. Median home values jumped from $129,300 in 2015 to $166,600 in 2022, outpacing national averages. Consistent increases in real estate taxes and a boost in principal... Read more
Cumberland County Market Trends
Over the past eight years, Cumberland County, North Carolina has seen its median home value rise from $129,300 in 2015 to $166,600 in 2022, outpacing the national average increase. The county's steady, balanced appreciation rate offers an appealing alternative to the state's rapid growth. Residential energy tax credits in the area have also shown significant fluctuations, peaking at $1,887.50 in... Read more
Median Value of Occupied Housing Units in Cumberland County, North Carolina Over the Last 8 Years
Over the past eight years, the median home value in Cumberland County, North Carolina has shown a consistent upward trend, rising from $129,300 in 2015 to $166,600 in 2022. While Cumberland County's growth lags behind the state of North Carolina, which saw median home values jump from $154,900 to $234,900 in the same period, it still outpaces the national average increase. These trends could influence purchasing decisions, as Cumberland County offers a more balanced appreciation rate compared to the state and a competitive alternative to the national market, making it an interesting option for prospective homeowners and investors.
Residential Energy Tax Credit Per Tax Return in Cumberland County, NC Over the Last 9 Years
Cumberland County, North Carolina has seen notable fluctuations in residential energy tax credits per tax return over the last nine years. From a modest $379.93 in 2013, the average credit surged to a significant peak of $1,887.50 in 2018, indicating periods of increased investment in energy-efficient upgrades. Although there was a subsequent dip, the steadily rising averages through 2021—reaching $1,394.25—suggest a growing interest and ongoing adoption of energy-efficient home improvements. For potential investors, homeowners, or those involved in real estate and insurance, these trends could imply a positive shift towards sustainable living practices in the area, potentially impacting property values and future investment incentives.
Average Real Estate Taxes Per Tax Return in Cumberland County, NC Over the Last 10 Years
Over the past decade, Cumberland County, North Carolina has seen a steady rise in average real estate taxes per tax return with notable jumps, particularly from 2017 to 2018 when the average spiked from $2943.22 to $3817.87. This trend continued upwards, peaking around $3977.02 in 2019 and stabilizing slightly above $3867.27 in 2021. This increase in real estate taxes might influence decisions for potential investors and property buyers, indicating a growing valuation or reassessment in the area that can affect property costs and insurance rates.
Percentage of Farm Returns in Cumberland County, NC Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Cumberland County, North Carolina has shown a slight decline. Starting at approximately 0.37% in 2012, this number dropped steadily to around 0.27% by 2021. Farm tax returns often highlight the viability and economic contribution of agricultural operations. This subtle downward trend could suggest challenges in the local farming industry, potentially impacting investment strategies, property values, and long-term planning for those with interests in the area.
Number of Mortgages by Occupancy Type in Cumberland County, NC Over the Last 5 Years in Cumberland County
Over the past five years in Cumberland County, North Carolina, there's been a noticeable increase in the number of principal residence mortgages, peaking at over 24,000 in 2021. Investment property mortgages have also seen a consistent rise, reaching nearly 2,700 in the same year. Changes in occupancy type matter because they offer insights into the economic and demographic shifts in the area. For investors, this trend suggests a growing demand for both residential and investment properties, potentially driving up property values. For real estate agents and appraisers, understanding whether properties are primarily principal residences or investment properties can influence market strategies and valuation techniques. Insurance agents might also adjust premiums based on occupancy type, reflecting different risk levels. Those thinking of relocating could interpret these trends as signals of growing employment opportunities or economic stability, making the location more attractive.
Economic Outlook
Cumberland County, North Carolina's real estate market may be bolstered by a notable rise in average taxable income per tax return, climbing from roughly $44,206.17 in 2013 to around $55,168.90 by 2021. The overall trend hints at a strengthening local economy, enticing for potential investors and those considering relocation. Despite a dip in 2020, which could be attributed to the pandemic, this upward trajectory suggests increasing prosperity among residents. Additionally, fluctuating but... Read more
Average Taxable Income per Tax Return in Cumberland County, NC over the last 9 years
Over the past nine years, Cumberland County, North Carolina has experienced a generally upward trend in average taxable income per tax return, starting at around $44,206.17 in 2013 and reaching approximately $55,168.90 by 2021. This growth could indicate a strengthening local economy and more prosperous residents, making it potentially attractive for investors and those considering relocation. However, the slight dip in 2020 to about $49,252.50 may reflect broader economic challenges during the pandemic. Real estate agents, appraisers, and insurance agents might find this data useful for evaluating property values and market conditions in the area.
Average State and Local Income Taxes Per Tax Return in Cumberland County, NC Over the Last 10 Years
Cumberland County, North Carolina, has seen some fluctuations in average state and local income taxes per tax return over the past decade. There was a notable dip in 2014 at $4,934.64, but since then, there has been a general upwards trend, peaking at $8,510.98 in 2021. The most significant jumps occurred between 2017 and 2018, with a sharp increase from $5,063.87 to $6,947.64. This upward trend could signal improving local economic conditions or higher incomes, attracting potential investors and homeowners. For appraisers and insurance agents, this data suggests a potential rise in property values and associated risks. Real estate agents may find this trend appealing as it indicates a possibly thriving market with higher disposable incomes.
Average Total Tax Liability Per Tax Return in Cumberland County, NC Over the Last 10 Years
Over the past decade, Cumberland County, North Carolina has seen a general increase in average total tax liability per tax return, rising from approximately $6,220.91 in 2012 to around $7,662.80 in 2021. Notable spikes occurred in 2015, 2016, and 2020, which could suggest economic factors or policy changes impacting tax obligations. This upward trend may influence decisions for potential investors, homeowners, and real estate professionals by hinting at rising income levels and possibly reflecting changes in the local economic landscape.
Cost of Living in Cumberland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,425 | $1,456 | $1,981 | $1,266 | $1,364 |
| 1 adult 4 children | $1,425 | $1,189 | $1,515 | $1,266 | $1,464 |
| 2 adults 3 children | $1,425 | $1,189 | $1,719 | $1,266 | $1,117 |
| 1 adult 3 children | $1,425 | $971 | $1,253 | $1,266 | $1,178 |
| 2 adults 2 children | $1,037 | $974 | $1,456 | $1,117 | $887 |
| 1 adult 2 children | $1,037 | $727 | $991 | $1,117 | $828 |
| 2 adults 1 child | $1,037 | $769 | $1,194 | $630 | $817 |
| 1 adult 1 child | $1,037 | $497 | $728 | $630 | $686 |
| 2 adults | $898 | $618 | $932 | $0 | $672 |
| 1 adult | $898 | $337 | $466 | $0 | $608 |
Safety trends & Data
Over the last five years, property crimes in Cumberland County, North Carolina have significantly decreased. Burglary incidents dropped from 445 in 2018 to 269 in 2022, while larceny-theft fell from 1459 to 417. Arson cases also declined, from 24 incidents in 2018 to 14 in 2022. These declines may make the area more attractive for investors and those considering relocation. Reduced crime rates can be correlated with higher property values, better insurance premiums, and a more appealing... Read more
Property Crime Trends in Cumberland County, NC Over the Last 5 Years
Data over the last five years indicates a noticeable decline in property crimes in Cumberland County, North Carolina. Burglary incidents dropped significantly from 445 in 2018 to 269 in 2022. Similarly, larceny-theft fell from 1459 to 417 in the same period. Arson cases also trended downward, with 24 incidents in 2018 compared to 14 in 2022. These trends suggest improving safety which could be appealing for investors, those considering relocation, or property development entities. Lower crime rates are often associated with higher property values, better insurance premiums, and a more favorable environment for business and residential growth.
Demographics
Cumberland County, North Carolina reflects a balanced adult population with slightly more females than males. The educational attainment landscape indicates a sizeable portion of residents with some college experience but no degree, followed by high school graduates. The age distribution suggests a youthful demographic predominantly under 35, while the racial makeup exhibits considerable diversity with significant Black or African American and White... Read more
Race Distribution in Cumberland County, North Carolina (2022)
Educational Attainment in Cumberland County, North Carolina (2022)
Age Distribution in Cumberland County, North Carolina
Citizen Population in Cumberland County, North Carolina (2022)
Political Trends & Data
In Cumberland County, North Carolina, Democratic candidates seemingly held a strong position, potentially capturing over 57% of the vote in the 2020 Presidential Election. Republicans might have drawn close to 41%, while minor parties such as Libertarians and Greens barely registered around 1%. This pattern hints at a Democratic-leaning voter base in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cumberland County, North Carolina, the Democratic candidate appeared to have a notable edge, potentially securing over 57% of the vote. Republicans garnered around 41%, while Libertarians and Greens barely made a dent with roughly 1% and less than 1% respectively. These trends may suggest that Cumberland County leans Democratic, at least in the 2020 Presidential Election.
40.80% of voters voted for the Republican party in the 2020 Presidential Election
57.40% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
0.39% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Cumberland County, North Carolina has seen some fluctuations over the past decade, peaking at about 15 in 2017 and dipping to around 13 in 2022, now standing at a balanced 14. These shifts might reflect changing population dynamics or educational policies in the county. A lower ratio can suggest more personalized attention for students, possibly leading to better educational outcomes, which could be appealing for both investors and families relocating. This... Read more
Student-to-teacher ratio in Cumberland County, North Carolina over the last 10 years
The student-to-teacher ratio in Cumberland County, North Carolina has fluctuated over the past decade, peaking at roughly 15 students per teacher in 2017 and dipping to about 13 students per teacher in 2022. Currently, the ratio is 14, which is roughly on par with the national average. These variations might reflect changing population dynamics or shifts in educational policy and funding within the county. For potential investors or those considering relocating, a lower student-to-teacher ratio could indicate more personalized attention for students and potentially better educational outcomes, which can be an attractive feature of the area. This metric also provides useful data for appraisers, insurance agents, builders, and real estate professionals, as it often correlates with community quality and livability.
