Currituck County Real Estate and Livability Trends
Currituck County, North Carolina has seen average taxable income per tax return rise from $52,713.55 in 2013 to $79,626.92 by 2021, hinting at growing economic opportunities. Home values surged from $229,900 in 2015 to $314,100 in 2022, with real estate taxes nearly doubling during the same period. A gradual drop in property crimes and a lower student-to-teacher ratio further boost the area’s... Read more
Currituck County Market Trends
Currituck County, North Carolina has seen home values soar from $229,900 in 2015 to $314,100 in 2022, outpacing both state and national trends. Average real estate taxes have also nearly doubled, rising from about $1,445.67 in 2012 to $3,149.07 by 2021, with a notable spike between 2017 and 2018. Meanwhile, average residential energy tax credits have experienced significant fluctuations, with a... Read more
Median Value of Occupied Housing Units in Currituck County, North Carolina Over the Last 8 Years
Currituck County, North Carolina has seen a substantial rise in median home values over the past eight years, jumping from $229,900 in 2015 to $314,100 in 2022. This increase outpaces both state and national trends, where North Carolina's median home values rose from $154,900 to $234,900 and the U.S. saw numbers climb from $125,500 to $179,400 in the same period. This upward trajectory in Currituck County could be attractive for investors and prospective homeowners, suggesting a potentially higher return on investment and a robust local housing market.
Residential Energy Tax Credit Per Tax Return in Currituck County, NC Over the Last 9 Years
Currituck County, North Carolina has shown significant fluctuations in the average residential energy tax credits per tax return over the last nine years. Notably, there was a sharp increase from $300.00 in 2013 to $676.92 in 2016, followed by a dramatic spike to $3233.33 in 2018. Although it dipped to $1293.75 in 2019, the value rebounded, reaching $2787.50 in 2021. This volatility may be indicative of changing energy efficiency initiatives, local economic conditions, or varying levels of taxpayer participation in these credits. This data could be crucial for those investing in sustainable energy solutions, offering potentially high returns on investments in energy-efficient property enhancements.
Average Real Estate Taxes Per Tax Return in Currituck County, NC Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Currituck County, North Carolina have seen a steady increase. Since 2012, there has been a discernible upward trajectory, with taxes jumping from approximately $1,445.67 to $3,149.07 by 2021. Notably, a significant spike occurred between 2017 and 2018. This trend might be particularly relevant for potential investors, real estate agents, and residents considering the mounting tax burden, highlighting the need for careful financial planning and forecasting.
Percentage of Farm Returns in Currituck County, NC Over the Last 10 Years
Farm tax returns in Currituck County, North Carolina, which reflect agrarian economic activity, have generally declined over the past decade. In 2012, about 0.81% of returns were farm-related, but this figure dipped to approximately 0.48% by 2021. This downward trend could suggest shifts in the local economy or in land use, which may be relevant for potential investors or those considering property development in the area. Understanding these subtle changes in farm tax returns can offer insight into broader economic patterns and potential opportunities for growth or challenges in agricultural investments.
Number of Mortgages by Occupancy Type in Currituck County, NC Over the Last 5 Years in Currituck County
Over the last five years, Currituck County, North Carolina has seen varying mortgage trends across different occupancy types. Principal residences consistently dominate the market, peaking in 2021 with 4,359 mortgages. Second residences and investment properties trail with much lower numbers, although second residences also saw a significant number of mortgages in 2021 with 1,291. There's a notable decline in investment property mortgages from 385 in 2021 to 275 in 2022. These changes in occupancy type can impact market dynamics by influencing property values, investment opportunities, and insurance premiums. They may also affect regional planning and infrastructure demands. For potential investors, real estate agents, and appraisers, understanding these trends is crucial for making informed decisions.
Economic Outlook
Currituck County, North Carolina has consistently seen a rise in average taxable income per tax return, jumping from $52,713.55 in 2013 to $79,626.92 by 2021. This uptick, especially pronounced between 2017 and 2021, hints at economic growth or higher earning potential, which could draw the attention of investors and those considering relocation. Additionally, the average state and local income taxes per tax return have surged from $5,079.33 in 2012 to $9,274.53 in 2021, suggesting an increase... Read more
Average Taxable Income per Tax Return in Currituck County, NC over the last 9 years
Currituck County, North Carolina has seen a notable upward trend in average taxable income per tax return over the past nine years. Starting at $52,713.55 in 2013, this figure has progressively increased, reaching $79,626.92 by 2021. A particularly sharp rise occurred between 2017 and 2021, suggesting potential economic growth or higher earning potential in the area. This sustained increase in income might be attractive to investors, real estate agents, and anyone considering relocation, as it could potentially reflect a prosperous and growing local economy.
Average State and Local Income Taxes Per Tax Return in Currituck County, NC Over the Last 10 Years
Over the past decade, Currituck County, North Carolina, has seen a noticeable upward trend in average state and local income taxes per tax return. Starting from $5,079.33 in 2012, these taxes have surged, reaching $9,274.53 by 2021. This increase indicates a potential rise in local incomes and property values, making the county increasingly attractive for investors, real estate agents, and newcomers seeking economic opportunities. Such trends may also imply upcoming fluctuations in property appraisals and insurance rates.
Average Total Tax Liability Per Tax Return in Currituck County, NC Over the Last 10 Years
Currituck County, North Carolina, has seen a steady increase in average total tax liability per tax return over the past decade, rising from about $6,870 in 2012 to $11,534.55 in 2021. This trend could be indicative of growing property values and higher earnings among residents, potentially making the area attractive for real estate investors and developers. However, the increase in tax liability might also suggest rising costs that could impact prospective homeowners and insurance agents assessing risk in the region.
Cost of Living in Currituck County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,748 | $1,693 | $2,297 | $1,235 | $1,975 |
| 1 adult 4 children | $1,748 | $1,383 | $1,759 | $1,235 | $2,019 |
| 2 adults 3 children | $1,748 | $1,383 | $1,992 | $1,235 | $1,631 |
| 1 adult 3 children | $1,748 | $1,129 | $1,454 | $1,235 | $1,720 |
| 2 adults 2 children | $1,251 | $1,132 | $1,686 | $1,089 | $1,229 |
| 1 adult 2 children | $1,251 | $846 | $1,148 | $1,089 | $1,237 |
| 2 adults 1 child | $1,251 | $895 | $1,381 | $615 | $1,096 |
| 1 adult 1 child | $1,251 | $578 | $843 | $615 | $961 |
| 2 adults | $1,070 | $719 | $1,075 | $0 | $904 |
| 1 adult | $1,050 | $392 | $538 | $0 | $767 |
Safety trends & Data
Currituck County, North Carolina has experienced a gradual decrease in property crime over the past five years, a trend that might make it appealing for real estate investment or relocation. Burglary cases fell from 16.0 in 2018 to just 7.0 in 2022, and larceny-theft cases dropped from 22.0 to 9.0 in the same period. Fraud incidents dipped notably from 19.0 in 2018 to 4.0 in 2022. Although vandalism has fluctuated, it has remained relatively stable. This downward trend in crime could suggest... Read more
Property Crime Trends in Currituck County, NC Over the Last 5 Years
Over the past five years in Currituck County, North Carolina, there seems to be a gradual decrease in property crime. Cases of burglary dropped from 16.0 in 2018 to just 7.0 in 2022, and larceny-theft similarly declined from 22.0 to 9.0 over the same period. Although fraud incidents notably decreased from 19.0 in 2018 to 4.0 in 2022, the number of vandalism cases showed fluctuating trends but remained relatively stable. These trends may suggest improved local enforcement and community awareness, making it an appealing area for real estate investment or relocation.
Demographics
Currituck County, North Carolina, shows an almost even split between male and female adults. The educational attainment highlights a significant number of high school graduates and individuals with some college education but no degree. The population skews toward older age groups, with a considerable number of residents aged 55 to 64. The racial makeup is predominantly White, with smaller representations from Black or African American and other racial groups. These trends may inform community... Read more
Race Distribution in Currituck County, North Carolina (2022)
Educational Attainment in Currituck County, North Carolina (2022)
Age Distribution in Currituck County, North Carolina
Citizen Population in Currituck County, North Carolina (2022)
Political Trends & Data
Currituck County, North Carolina tends to lean heavily towards conservative values, evidenced by the 2020 U.S. Presidential Election where 72% of votes went to the Republican candidate. This political landscape might influence various aspects of the local real estate market, from zoning laws to property taxes, potentially attracting buyers who prefer conservative governance. The limited appeal of third-party candidates further underscores the entrenched political culture, which could impact... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Currituck County, North Carolina, the 2020 U.S. Presidential Election results leaned significantly towards the Republican party, possibly indicating a strong conservative presence in the area. With Republican votes comprising approximately 72%, the Democratic vote share was much lower at around 26%. Minor parties like the Libertarian and Green parties seemed to have minimal impact, suggesting that third-party candidates might struggle to gain significant traction in this region.
72.19% of voters voted for the Republican party in the 2020 Presidential Election
25.98% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Currituck County in North Carolina has witnessed a gradual drop in its student-to-teacher ratio from about seventeen to just under sixteen students per teacher over the past decade. Although still above the national average of fourteen, this decreasing trend suggests a move towards smaller class sizes, which could hint at improving educational quality. This can be a selling point for real estate agents and appraisers, indicating enhanced educational support in the area. Investors and developers... Read more
Student-to-teacher ratio in Currituck County, North Carolina over the last 10 years
Over the past decade, Currituck County in North Carolina has seen a gradual decrease in its student-to-teacher ratio, dropping from around seventeen to just under sixteen students per teacher. While the national average sits at fourteen, this trend suggests that the county might be moving towards smaller class sizes, albeit at a slower pace. For investors and those considering moving to the area, this could imply improving educational quality. Real estate agents and appraisers might leverage this data to highlight increased local educational support. Meanwhile, insurance agents and property developers should note that lower student-to-teacher ratios can impact community profiles and property values positively.
