Davie County Real Estate and Livability Trends
Davie County, North Carolina seems to offer an intriguing real estate landscape characterized by rising median home values—from $169,300 in 2015 to $219,400 in 2022—and significant economic growth as indicated by increasing average taxable incomes and tax liabilities. The real estate tax increases to $4,079.19 in 2020 possibly reflect local economic developments, which might impact buyer... Read more
Davie County Market Trends
Davie County, North Carolina has seen a fascinating fluctuation in its real estate market, with median home values rising from $169,300 in 2015 to $219,400 in 2022, outpacing the national average but falling slightly behind the state's overall increase to $234,900. The residential energy tax credits have exhibited significant volatility, peaking at $2,900.00 in 2018 and indicating a possible... Read more
Median Value of Occupied Housing Units in Davie County, North Carolina Over the Last 8 Years
Davie County, North Carolina, has seen its median home values go from $169,300 in 2015 to $219,400 in 2022, mirroring significant growth and outpacing the national average, which only reached $179,400 in the same year. Compared to the state overall, although Davie County’s values tracked similarly early on, the county experienced less of an increase recently, with North Carolina's median jumping to $234,900 by 2022. This data might indicate a more stable investment environment within Davie County, appealing to those cautious of higher peaks in housing costs statewide.
Residential Energy Tax Credit Per Tax Return in Davie County, NC Over the Last 9 Years
Davie County, North Carolina has seen significant fluctuations in average residential energy tax credits over the past nine years. From a relatively stable range between $415.15 and $670.59 through 2017, the credit amount spiked dramatically in 2018 hitting $2,900.00, likely due to increased state or federal incentives or a surge in energy-efficient investments. Subsequent years have seen a drop yet remained considerably higher than earlier years, with 2021 standing at $1,010.34. This trend likely indicates a growing commitment to energy efficiency that could translate into increased property values and lower utility costs for residents and investors alike.
Average Real Estate Taxes Per Tax Return in Davie County, NC Over the Last 10 Years
Real estate taxes in Davie County, North Carolina have shown a general upward trend over the past decade. Starting from $2,170.85 in 2012, taxes have increased somewhat consistently, peaking at $4,079.19 in 2020 before a slight decrease to $3,815.94 in 2021. The most significant jumps were from 2017 to 2018, and 2018 to 2019, reflecting local economic developments or changes in property values. This information is valuable for potential investors, homeowners, and real estate professionals considering the financial implications of property ownership in the area.
Percentage of Farm Returns in Davie County, NC Over the Last 10 Years
Davie County, North Carolina has seen a gradual decline in the percentage of farm tax returns over the last decade, starting from 3.22% in 2012 and reaching 2.37% in 2021. Farm tax returns, which represent the portion of tax filings associated with agricultural activities, can provide insight into the health and trends of the county’s agribusiness sector. This slow decrease may suggest a shift in the local economy or changes in farming operations, relevant for investors, new residents, or anyone interested in understanding the evolving landscape of Davie County's agriculture.
Number of Mortgages by Occupancy Type in Davie County, NC Over the Last 5 Years in Davie County
In Davie County, North Carolina, the number of mortgages for principal residences has consistently been high over the past five years, with a notable increase from 2018 to 2021, followed by a decline in 2022. Investment property mortgages show a slight upward trend until 2021 but saw a decrease in 2022. Mortgages for second residences have remained relatively low and stable. Changes in occupancy type can suggest shifts in market demand, lending policies, and long-term economic expectations, which can be critical for investors assessing future property values, for real estate agents planning marketing strategies, and for insurance agents determining risk exposure. Understanding these trends could help anticipate the area's housing market dynamics, especially for those considering property investments or evaluating market growth potential in Davie County.
Economic Outlook
In Davie County, North Carolina, the real estate market might be influenced by notable economic trends over the past decade. Average taxable incomes have risen significantly, peaking at $84,508.39 in 2021, suggesting increasing prosperity that could attract investors and homeowners. Meanwhile, state and local income taxes have also climbed, nearly doubling from $6,988.95 in 2012 to $12,507.25 in 2021, potentially impacting overall cost considerations. Variability in total tax liabilities,... Read more
Average Taxable Income per Tax Return in Davie County, NC over the last 9 years
Over the past nine years, the average taxable income per tax return in Davie County, North Carolina has shown an overall upward trend. Notably, the years 2017 and 2019 saw significant increases with average taxable incomes reaching $69,089.52 and $71,114.99 respectively. A remarkable spike occurred in 2021, with the average taxable income jumping to $84,508.39. This trend might indicate growing economic prosperity and could be appealing for potential investors, homeowners, and real estate professionals considering the area.
Average State and Local Income Taxes Per Tax Return in Davie County, NC Over the Last 10 Years
Over the past decade, average state and local income taxes per return in Davie County, North Carolina exhibited a notable upward trajectory, increasing from approximately $6,988.95 in 2012 to about $12,507.25 by 2021. This substantial rise could influence decisions for potential investors and real estate agents, as higher local tax burdens might affect overall costs. Those considering property development or relocation should weigh the financial implications of this steady increase, particularly how it might impact the affordability and appeal of living or investing in Davie County.
Average Total Tax Liability Per Tax Return in Davie County, NC Over the Last 10 Years
In Davie County, North Carolina, the average total tax liability per tax return has shown considerable variability over the past decade, generally trending upward. Notably, in 2017, there was a significant increase to $12,360.91 from the previous year's $10,405.74. Although there was a dip in 2018 to $10,979.65, the trajectory resumed its upward climb, culminating at $14,209.85 in 2021. These fluctuations may be reflective of changes in local economic conditions, tax policies, and household incomes, offering key insights for investors, property developers, and real estate professionals assessing fiscal trends and economic health in the area.
Cost of Living in Davie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,166 | $1,383 | $1,625 | $1,678 | $1,334 |
| 1 adult 4 children | $1,166 | $1,130 | $1,240 | $1,678 | $1,478 |
| 2 adults 3 children | $1,166 | $1,130 | $1,411 | $1,678 | $1,110 |
| 1 adult 3 children | $1,166 | $923 | $1,026 | $1,678 | $1,236 |
| 2 adults 2 children | $882 | $925 | $1,197 | $1,480 | $937 |
| 1 adult 2 children | $882 | $691 | $813 | $1,480 | $906 |
| 2 adults 1 child | $882 | $731 | $983 | $835 | $817 |
| 1 adult 1 child | $882 | $472 | $599 | $835 | $708 |
| 2 adults | $733 | $587 | $770 | $0 | $623 |
| 1 adult | $705 | $320 | $385 | $0 | $563 |
Safety trends & Data
Davie County, North Carolina, has seen a notable decline in property crime over the past four years. Incidents of Larceny-Theft dropped from 71 in 2018 to just 3 in 2021, and Vandalism was down to a single report. Lower crime rates are often linked to higher property values and more desirable living conditions, making the county potentially attractive for investors, homeowners, and real estate... Read more
Property Crime Trends in Davie County, NC Over the Last 4 Years
Davie County, North Carolina's property crime trends reveal a notable decline over the past four years. The highest occurrences in 2018 included Larceny-Theft with 71 reported incidents and Burglary at 44. However, by 2021, these numbers had significantly decreased, with Larceny-Theft dropping to just 3 incidents and Vandalism to a single report. This suggests a positive trend for potential investors, homeowners, and real estate professionals considering the area, as lower crime rates often correlate with higher property values and a more desirable living environment.
Demographics
Davie County, North Carolina shows a nearly even gender split, with females slightly outnumbering males. Educational attainment seems to lean toward high school graduates and residents with some college, though fewer individuals hold bachelor's or higher degrees. Age distribution indicates a sizable middle-aged population, particularly between 45 to 64 years, hinting at a workforce potentially nearing retirement. Racially, the county is predominantly White, with minimal representation from... Read more
Race Distribution in Davie County, North Carolina (2022)
Educational Attainment in Davie County, North Carolina (2022)
Age Distribution in Davie County, North Carolina
Citizen Population in Davie County, North Carolina (2022)
Political Trends & Data
Davie County, North Carolina, seems to show a strong Republican preference, with around 72% of the vote potentially favoring that party in the 2020 U.S. Presidential Election, compared to just 27% for Democrats. Third parties appear to have minimal impact, collectively capturing under 2% of votes. This voting pattern might indicate a conservative political leaning, with limited space for ideological... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Davie County, North Carolina, seemingly leans heavily Republican, with approximately 72% of the vote potentially going to that party in the 2020 U.S. Presidential Election. Democrats appeared to capture around 27%, significantly trailing the Republican vote share. Minor parties like the Libertarian and Green parties, along with other affiliations, seemed to account for less than 2% of the total votes combined. This vote distribution suggests a predominantly conservative political landscape, leaving little room for party diversity.
72.02% of voters voted for the Republican party in the 2020 Presidential Election
26.52% of voters voted for the Democrat party in the 2020 Presidential Election
0.84% 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
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
Davie County, North Carolina's student-to-teacher ratio has remained relatively stable, averaging around 14 students per teacher, similar to the national average. The ratio peaked at 15 in 2020 and then decreased back to about 14 in 2023. These fluctuations could impact decisions on school funding, classroom sizes, and education quality—key factors for families considering relocation, investors in educational infrastructure, and real estate agents highlighting the area's school... Read more
Student-to-teacher ratio in Davie County, North Carolina over the last 10 years
Davie County, North Carolina has experienced relatively stable student-to-teacher ratios over the past decade, with minor fluctuations. The ratio has hovered around the national average of 14 students per teacher, peaking at 15 in 2020 before decreasing to approximately 14 in 2023. These fluctuations might influence decisions related to school funding, classroom sizes, and the overall quality of education, which are critical factors for families considering a move, investors in educational infrastructure, and even real estate agents showcasing the area's school system.
