Davidson County Real Estate and Livability Trends
Davidson County, North Carolina has seen significant economic and real estate growth. Average taxable income per tax return soared from $45,467.01 in 2013 to $64,045.90 in 2021, with a corresponding rise in average state and local income taxes to $11,708.81, possibly indicating higher property values. Median home values jumped from $132,200 in 2015 to $184,300 in 2022, presenting potentially... Read more
Davidson County Market Trends
Davidson County, North Carolina has seen its median home values rise from $132,200 in 2015 to $184,300 in 2022, outpacing national growth but lagging behind state trends, suggesting potentially affordable investment opportunities. The average residential energy tax credit peaked at $1,866.67 in 2018, indicating incentives for energy-efficiency improvements which could influence property values.... Read more
Median Value of Occupied Housing Units in Davidson County, North Carolina Over the Last 8 Years
Davidson County, North Carolina has experienced a steady increase in median home values over the past eight years, rising from $132,200 in 2015 to $184,300 in 2022. This growth outpaces the national trend, where values increased from $125,500 to $179,400 over the same period. However, compared to the broader state trend in North Carolina, where median home values surged from $154,900 to $234,900, Davidson County's growth appears more modest. This suggests a potential opportunity for investors or homebuyers seeking more affordable options within a steadily appreciating market.
Residential Energy Tax Credit Per Tax Return in Davidson County, NC Over the Last 9 Years
Davidson County, North Carolina has shown a notable increase in the average residential energy tax credit per tax return over the last nine years, peaking in 2018 at $1866.67. This spike suggests potential incentives or a higher adoption rate of energy-efficient improvements during that year. In the following years, the average remained higher than in earlier periods, hovering around $900.00 to $1082.56. Such trends could indicate a growing focus on energy efficiency and sustainability, likely impacting property values and homeowner investments in this area. This information may be particularly relevant for real estate agents, appraisers, and those interested in or currently living in Davidson County.
Average Real Estate Taxes Per Tax Return in Davidson County, NC Over the Last 10 Years
Davidson County, North Carolina has seen a notable climb in average real estate taxes per tax return over the past decade. From $1,816.55 in 2012, the number gradually rose to $2,079.00 in 2017, followed by a sharper increase to $3,116.25 by 2021. This upward trend is significant for prospective homebuyers and investors, indicating a rising demand in the area. Real estate agents, appraisers, and insurance agents would find this data relevant for understanding market dynamics.
Percentage of Farm Returns in Davidson County, NC Over the Last 10 Years
Over the last decade, Davidson County, North Carolina has seen a subtle yet steady decline in the percentage of farm tax returns, from approximately 1.32% in 2012 to about 0.96% in 2021. This trend may suggest a reduction in active farming operations or smaller-scale farming contributions to the local economy. For those looking to invest in property or move to this area, this could potentially indicate a shift towards non-agricultural development or a need for revitalization in the farming sector. Farm tax returns are annual financial documents that farmers submit to report income and expenses for tax purposes, reflecting overall agricultural health and economic trends in the region. This insight is crucial for understanding the local economic landscape and potential opportunities or challenges.
Number of Mortgages by Occupancy Type in Davidson County, NC Over the Last 5 Years in Davidson County
Davidson County has witnessed varying mortgage counts for different occupancy types over the last five years, showing a dominant trend in principal residences, which far outnumber mortgages for investment or second properties. This shift could be critical for investors, builders, and real estate agents as a higher number of principal residence mortgages might indicate stable or growing local demand. Mortgage professionals and insurance agents may need to account for this trend, as it could impact underwriting processes and risk assessments. Understanding these changes also helps appraisers in accurately capturing property values, which are potentially driven by the primary residential market's robustness.
Economic Outlook
Davidson County, North Carolina has experienced a significant uptick in average taxable income per tax return, climbing from $45,467.01 in 2013 to $64,045.90 in 2021. Meanwhile, the average state and local income taxes have nearly doubled during this period, reaching $11,708.81 in 2021. Total tax liabilities have also risen, reflecting increased economic activity and potentially hinting at rising property values. Additionally, the county's poverty rate has dropped dramatically from 19.9% in... Read more
Average Taxable Income per Tax Return in Davidson County, NC over the last 9 years
Davidson County, North Carolina has seen a significant upward trajectory in average taxable income per tax return over the past nine years, moving from $45,467.01 in 2013 to $64,045.90 in 2021. This steady increase, particularly the sharp rise in the last recorded year, suggests a growing prosperity in the area, which could appeal to potential investors and property developers. Real estate agents and insurance agents might find this trend useful for predicting market dynamics, and those considering moving to Davidson County may view this as a positive indicator of economic health.
Average State and Local Income Taxes Per Tax Return in Davidson County, NC Over the Last 10 Years
In Davidson County, North Carolina, average state and local income taxes per tax return have demonstrated a steady upward trend over the past decade, with figures escalating from approximately $5,419.92 in 2012 to a notable $11,708.81 in 2021. This significant increase may suggest a growing financial burden on residents, potentially driven by economic factors or changes in tax policies. For potential investors, developers, and real estate professionals, understanding these rising taxes is crucial for assessing the fiscal landscape and its impact on property values and cost of living. Insurance agents might also find this data relevant for adjusting premiums based on regional financial profiles.
Average Total Tax Liability Per Tax Return in Davidson County, NC Over the Last 10 Years
Davidson County, North Carolina has experienced a notable increase in its average total tax liability per tax return over the last decade. From $6,100.49 in 2012 to $9,187.19 in 2021, the trend suggests a general rise in tax obligations, potentially reflecting economic growth and rising incomes. Prospective investors, property developers, and real estate professionals might be intrigued by this pattern as it can indicate a stronger economic base and potential for growth. However, insurance agents and appraisers might view this as a signal to adjust their risk assessments and valuations for the region.
Cost of Living in Davidson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,114 | $1,367 | $1,625 | $1,235 | $1,096 |
| 1 adult 4 children | $1,114 | $1,117 | $1,240 | $1,235 | $1,201 |
| 2 adults 3 children | $1,114 | $1,117 | $1,411 | $1,235 | $895 |
| 1 adult 3 children | $1,114 | $912 | $1,026 | $1,235 | $962 |
| 2 adults 2 children | $837 | $914 | $1,197 | $1,089 | $780 |
| 1 adult 2 children | $837 | $683 | $813 | $1,089 | $697 |
| 2 adults 1 child | $837 | $723 | $983 | $615 | $711 |
| 1 adult 1 child | $837 | $467 | $599 | $615 | $604 |
| 2 adults | $660 | $581 | $770 | $0 | $571 |
| 1 adult | $656 | $317 | $385 | $0 | $522 |
Safety trends & Data
Davidson County, North Carolina has experienced notable fluctuations in property crimes over the past five years. Larceny-theft, the most common crime, peaked at 1,096 cases in 2018 but significantly dropped to 327 by 2022. Burglary incidents also declined sharply from 353 in 2018 to just 101 in 2022. In contrast, fraud-related crimes and vandalism showed more stability with minor year-to-year variations. These trends could suggest improved security measures or shifts in socio-economic... Read more
Property Crime Trends in Davidson County, NC Over the Last 5 Years
Davidson County, North Carolina has seen significant fluctuation in property crimes over the past five years. Larceny-theft, consistently the most prevalent crime, peaked at 1,096 cases in 2018 but dropped to 327 by 2022. Burglary incidents also saw a notable decline from 353 in 2018 to just 101 in 2022. Interestingly, fraud-related crimes and vandalism have shown more stability with minor variations year to year. These trends may suggest improved security measures or changing socio-economic conditions, providing essential insights for investors, real estate agents, and insurance professionals when assessing the area's risk profile.
Demographics
Davidson County, North Carolina, seems to exhibit an almost even gender split with a slightly higher number of females. The age distribution indicates a balanced spread across various age groups, with the highest concentration in the 55 to 64 years bracket. Educational attainment shows a majority have at least a high school diploma, with a notable number pursuing higher education, but still a significant portion without a high school diploma. Racial demographics are predominantly White, with... Read more
Race Distribution in Davidson County, North Carolina (2022)
Educational Attainment in Davidson County, North Carolina (2022)
Age Distribution in Davidson County, North Carolina
Citizen Population in Davidson County, North Carolina (2022)
Political Trends & Data
Davidson County, North Carolina, seemed to lean heavily Republican in the 2020 U.S. Presidential Election, potentially giving over 70% of the vote to the GOP. With Democratic support possibly around 25% and minor parties barely breaking 1%, this voting pattern might reflect a strong Republican influence in the area, hinting at broader regional political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Davidson County, North Carolina, appeared to lean Republican in the 2020 U.S. Presidential Election, with possibly over 70% of the vote share going to the GOP. Democratic support might have trailed significantly, capturing around 25%. Minor parties, including the Libertarian and Green parties, seemed to have garnered minimal traction, collectively pulling in just over 1% of the vote. This voting pattern could suggest a strong Republican presence in the area, indicative of broader regional political tendencies.
73.05% of voters voted for the Republican party in the 2020 Presidential Election
25.57% of voters voted for the Democrat party in the 2020 Presidential Election
0.79% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Davidson County, North Carolina, has seen its student-to-teacher ratio hover between 15 and 16 over the last decade, generally staying above the national average of 14. This slightly higher ratio might impact educational outcomes and influence potential residents' decisions. For investors and real estate agents, these trends help gauge educational quality—a key factor for families. Meanwhile, insurance agents and property developers might see a link between school overcrowding and increased... Read more
Student-to-teacher ratio in Davidson County, North Carolina over the last 10 years
Davidson County, North Carolina, has seen its student-to-teacher ratio hover between 15 and 16 over the last decade, generally staying above the national average of 14. This slightly higher ratio might indicate larger class sizes, which could impact educational outcomes and influence decisions for those considering moving to the area. For investors and real estate agents, understanding these trends helps gauge educational quality—a critical factor for families. Meanwhile, insurance agents and property developers might see a link between school overcrowding and increased demand for additional educational infrastructure. As the ratio remains relatively stable, any significant shifts could signal changes in population dynamics or school funding that are worth monitoring.
