Dare County Real Estate and Livability Trends
Dare County, North Carolina has seen a significant rise in average taxable income, climbing from $52,074.71 in 2013 to $95,957.72 in 2021, suggesting economic development and higher earning job opportunities, which may signal a robust real estate market. Median home values shot up to $386,600 in 2022, far exceeding the state median of $234,900 and potentially reflecting high demand and premium... Read more
Dare County Market Trends
Dare County, North Carolina has seen a sharp climb in median home values, reaching $386,600 in 2022, significantly outpacing the state median of $234,900 and the national median of $179,400. The rise in home values suggests robust demand and premium pricing in the region. Residential energy tax credits peaked at $2,000.00 in 2018, likely due to renewable energy incentives, but have since... Read more
Median Value of Occupied Housing Units in Dare County, North Carolina Over the Last 8 Years
Dare County, North Carolina has seen a significant climb in median home values over the past eight years, reaching $386,600 in 2022. This is a sharp increase compared to the state median of North Carolina, which was $234,900 the same year. Nationally, the 2022 median stood at $179,400, making Dare County's market considerably more competitive. This rapid growth might interest investors or potential homeowners seeking higher-value properties, and suggests a robust demand and premium pricing in the region compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Dare County, NC Over the Last 9 Years
Dare County, North Carolina has seen some notable fluctuations in average residential energy tax credits per tax return over the past nine years. There's a remarkable spike in 2018, where credits soared to $2,000.00, potentially due to incentives supporting renewable energy adoption or efficient home upgrades. Recent years show a more stable pattern with values hovering above $900.00. These trends could appeal to potential homeowners or real estate investors interested in sustainable living and energy efficiency incentives.
Average Real Estate Taxes Per Tax Return in Dare County, NC Over the Last 10 Years
Over the last decade, Dare County, North Carolina has seen a steady rise in average real estate taxes per tax return, jumping from $2,509.15 in 2012 to $4,424.04 in 2021. This significant increase, particularly the sharp spike between 2017 and 2018, reaching $3,938.66, suggests growing property values and potentially higher local investment in public services and infrastructure. This trend may be of particular interest to investors, real estate agents, and those considering relocation, as it could indicate both rising costs and enhanced community amenities.
Percentage of Farm Returns in Dare County, NC Over the Last 10 Years
Dare County, North Carolina has seen minor fluctuations in farm tax returns over the past decade. Starting at approximately 0.16% in 2012, the percentages have slightly decreased over time, with a notable uptick in 2016 reaching around 0.20%, before trending downward again to about 0.13% by 2021. Farm tax returns are a crucial indicator for gauging agricultural activity and its economic impact in the area. This is potentially insightful for those looking to invest in, move to, build property in, or generally interested in Dare County, as it might reflect the level of active farming and its viability within the region.
Number of Mortgages by Occupancy Type in Dare County, NC Over the Last 5 Years in Dare County
Dare County, North Carolina, saw a fluctuating trend in mortgages across different occupancy types over the last five years. The stark increase to 4,103 principal residence mortgages in 2021 indicates a potential pivot in local housing demand, possibly driven by the pandemic's influence on lifestyle choices. However, this trend dropped significantly in 2022, perhaps signaling market stabilization or changing economic conditions. Investment properties peaked in 2021 as well, but this niche dropped by nearly a third in 2022, reflecting shifting investment strategies. These changes are key for investors, appraisers, and real estate agents to gauge market dynamics and anticipate future demand for housing types. Understanding these trends aids insurance agents in assessing risk profiles and helps planners and developers align projects with emergent market needs.
Economic Outlook
Dare County, North Carolina has experienced a noteworthy increase in average taxable income per tax return, rising from $52,074.71 in 2013 to $95,957.72 in 2021. This trend suggests economic development and higher earning job opportunities, potentially signaling a robust real estate market. Concurrently, average state and local income taxes per tax return have also surged, moving from $6,005.87 in 2012 to $14,163.22 in 2021. This might indicate economic growth or changing tax policies,... Read more
Average Taxable Income per Tax Return in Dare County, NC over the last 9 years
Dare County, North Carolina has seen a consistent rise in average taxable income per tax return over the past nine years, starting from $52,074.71 in 2013 to $95,957.72 in 2021. This notable growth suggests an increasingly affluent population, which might indicate economic development, higher earning job opportunities, or both. For real estate agents, this trend could signify a robust market with potential for higher property values. Investors and builders may find this economic upswing appealing for new projects. Insurance agents and appraisers might also take into account the rising incomes as it can affect property values and insurance needs.
Average State and Local Income Taxes Per Tax Return in Dare County, NC Over the Last 10 Years
Dare County, North Carolina has seen a significant increase in average state and local income taxes per tax return over the past decade, jumping from approximately $6,005.87 in 2012 to $14,163.22 in 2021. This upward trend, especially the steep rises in recent years, could suggest economic growth or changes in tax policies affecting the area. For those looking to invest, build, or move to Dare County, it might be important to consider the implications of higher tax burdens on overall cost of living and real estate valuations.
Average Total Tax Liability Per Tax Return in Dare County, NC Over the Last 10 Years
In Dare County, North Carolina, the average total tax liability per tax return has seen a significant upward trend over the past decade. Starting at around $8,019.25 in 2012, it steadily increased, reaching $17,486.22 by 2021. This upward trajectory could suggest growing incomes, rising property values, or changing tax legislation, making it a critical piece of data for investors, real estate agents, and those planning to relocate or build property in the area. Insurance agents and appraisers may find this information useful to assess risk and value accurately.
Cost of Living in Dare County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,571 | $1,713 | $2,216 | $1,774 | $1,968 |
| 1 adult 4 children | $1,571 | $1,399 | $1,698 | $1,774 | $2,048 |
| 2 adults 3 children | $1,571 | $1,400 | $1,921 | $1,774 | $1,659 |
| 1 adult 3 children | $1,571 | $1,143 | $1,403 | $1,774 | $1,754 |
| 2 adults 2 children | $1,151 | $1,146 | $1,626 | $1,537 | $1,262 |
| 1 adult 2 children | $1,151 | $856 | $1,108 | $1,537 | $1,282 |
| 2 adults 1 child | $1,151 | $905 | $1,331 | $769 | $1,048 |
| 1 adult 1 child | $1,151 | $585 | $813 | $769 | $883 |
| 2 adults | $982 | $727 | $1,036 | $0 | $812 |
| 1 adult | $915 | $397 | $518 | $0 | $680 |
Safety trends & Data
In Dare County, North Carolina, property crimes have generally decreased over the past five years, especially with larceny-theft dropping from 172.0 cases in 2018 to 41.0 cases in 2022 and burglaries falling from 32.0 cases to 15.0 cases in the same period. However, motor vehicle thefts remained relatively stable. Minor fluctuations in vandalism and fraud rates suggest potential areas for community safety improvements. These crime trends may impact real estate values, insurance premiums, and... Read more
Property Crime Trends in Dare County, NC Over the Last 5 Years
In Dare County, North Carolina, property crimes have shown fluctuating trends over the past five years, with a general decrease in incidents. Notably, larceny-theft saw a significant drop from 172.0 cases in 2018 to 41.0 cases in 2022. Burglary incidents have also declined, from 32.0 cases in 2018 to 15.0 cases in 2022. Conversely, motor vehicle theft incidents remained relatively stable with slight variations. Vandalism and fraud rates showed minor fluctuations, suggesting targeted areas for community safety improvements. These trends could potentially influence real estate values, insurance premiums, and investment decisions, making Dare County a subject of interest for various stakeholders.
Demographics
The gender distribution in Dare County, North Carolina, appears to be fairly balanced, with male and female populations nearly equal in 2022. Education levels indicate a significant portion of residents have completed some college or hold an associate's degree, and there's a notable percentage with bachelor's and graduate degrees. Age-wise, the county may be skewed older, with substantial groups in the 55 to 64 and 65 to 74 age brackets. Racially, the population seems predominately White, with... Read more
Race Distribution in Dare County, North Carolina (2022)
Educational Attainment in Dare County, North Carolina (2022)
Age Distribution in Dare County, North Carolina
Citizen Population in Dare County, North Carolina (2022)
Political Trends & Data
Dare County, North Carolina, exhibited a strong conservative inclination in the 2020 Presidential Election, with the Republican vote capturing almost 58%. Democratic backing was present yet significantly trailing at around 41%, while minor parties barely made a dent, each pulling in less than 1%. This trend could indicate a consistently conservative voter base with minimal third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Dare County, North Carolina, displayed a significant lean towards Republican preferences in the 2020 Presidential Election, with nearly 58% of the votes. Democratic support was somewhat substantial, but notably behind at approximately 41%. Minor party support, including Libertarian and Green, was minimal, each garnering less than 1% of the vote. This pattern might suggest a relatively stable conservative dominance with minor influences from third parties.
57.52% of voters voted for the Republican party in the 2020 Presidential Election
41.00% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Dare County, North Carolina boasts a student-to-teacher ratio consistently around 12 to 13 students per teacher, slightly below the national average of 14. This trend might attract homebuyers with children, offering them the promise of smaller class sizes and more personalized attention. Real estate agents and appraisers could leverage this data to highlight the area's robust, family-oriented community, while investors might see it as a sign of strong local schools that enhance property... Read more
Student-to-teacher ratio in Dare County, North Carolina over the last 10 years
Dare County, North Carolina has consistently maintained a student-to-teacher ratio that hovers around 12 to 13 students per teacher for the past decade. This is slightly below the national average of 14 students per teacher, potentially suggesting smaller class sizes and more personalized attention for students. Such a trend might appeal to prospective homebuyers with school-age children, real estate agents highlighting educational benefits, appraisers considering the value of local schools, or insurance agents evaluating risks. Investors and those planning to build property in the area might also find these ratios indicative of a robust, family-oriented community.
