Duplin County Real Estate and Livability Trends
Duplin County, North Carolina shows median home values rising from $87,900 in 2015 to $112,400 in 2022, indicating growing investment potential. Tax liabilities and real estate taxes surged, suggesting increasing property values and impacting long-term planning for investors. Energy-efficient renovations became more attractive with residential energy tax credits per tax return jumping from... Read more
Duplin County Market Trends
In Duplin County, North Carolina, median home values have steadily increased from $87,900 in 2015 to $112,400 in 2022, a rise that, although modest compared to state and national averages, suggests growing investment potential. The average residential energy tax credit per tax return more than doubled from $478.38 in 2013 to $1,075.68 by 2021, indicating a local push towards energy-efficient... Read more
Median Value of Occupied Housing Units in Duplin County, North Carolina Over the Last 8 Years
Over the last eight years, median home values in Duplin County, North Carolina have markedly risen from $87,900 in 2015 to $112,400 in 2022. This local growth is particularly intriguing given that the state median grew from $154,900 to $234,900, and the national average rose from $125,500 to $179,400 during the same period. The increase in Duplin County's housing prices is comparatively modest but hints at potential investment opportunities, especially considering it outpaces the national growth rate. For those looking to invest, move, or build property, this data could indicate a market that's catching up with broader economic trends while still potentially offering bargains.
Residential Energy Tax Credit Per Tax Return in Duplin County, NC Over the Last 9 Years
Over the past nine years, Duplin County, North Carolina has seen a significant increase in the average residential energy tax credit per tax return, starting from $478.38 in 2013 and reaching $1,075.68 by 2021. The sharp jumps in 2018 to $1,100 and the continued high averages underscore a growing investment in energy-efficient home improvements in the area. This trend could suggest potential benefits for homeowners looking to reduce their energy costs and may also attract environmentally-conscious buyers and investors. Local real estate agents, appraisers, and insurance agents could find this data useful when assessing property values and insurance needs, as energy-efficient homes are increasingly desirable.
Average Real Estate Taxes Per Tax Return in Duplin County, NC Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Duplin County, North Carolina have shown a significant upward trend, increasing from $1,866.25 in 2012 to $3,061.54 in 2021. This rise might reflect increasing property values, changes in tax rates, or both, indicating potential for property appreciation. For investors, homebuyers, and real estate professionals, this could signal rising costs associated with property ownership, which is crucial when evaluating the long-term financial impacts of buying or investing in real estate in the area.
Percentage of Farm Returns in Duplin County, NC Over the Last 10 Years
Over the past decade in Duplin County, North Carolina, the percentage of farm tax returns has shown moderate fluctuations. Starting at about 3.93% in 2012 and peaking around 4.13% in 2014, the figures have seen a slight decline to about 3.44% by 2021. Farm tax returns, which relate to income generated from farming activities and associated expenses, can be a vital indicator of the agricultural industry's economic health in the region. Understanding these trends is crucial for potential investors, property developers, and residents keen on the area’s farming viability and economic stability.
Number of Mortgages by Occupancy Type in Duplin County, NC Over the Last 5 Years in Duplin County
Duplin County, North Carolina, has shown notable fluctuations in mortgage counts across different occupancy types over the last five years. The dominant category consistently has been principal residences, peaking in 2021 with 1,994 mortgages, while investment properties and second residences have remained relatively stable with minor variations. These shifts can be pivotal for investors analyzing the potential for rental income versus longer-term property value appreciation. Appraisers and insurance agents may also find these trends useful for risk assessment and underwriting, as the type of occupancy directly influences property value stability and risk profiles. Real estate agents and developers can use this insight to adjust marketing strategies and development plans to align with the prevailing demand in the area, ensuring that their projects cater to the most relevant and lucrative market segments.
Economic Outlook
Duplin County, North Carolina shows an intriguing upward trend in average taxable income per tax return, jumping from roughly $37,729.77 in 2013 to $50,063.38 in 2021. Meanwhile, average state and local income taxes nearly doubled within a decade, with significant hikes from 2018 onwards. Average total tax liability also experienced a notable increase, climbing from a low of $4,886.04 in 2014 to $6,333.49 by 2021. These trends provide compelling insights for investors and real estate... Read more
Average Taxable Income per Tax Return in Duplin County, NC over the last 9 years
Over the past nine years in Duplin County, North Carolina, average taxable income per tax return generally showed an increasing trend, starting at approximately $37,729.77 in 2013 and rising to around $50,063.38 by 2021. The notable spike in 2021 suggests potentially higher earnings or economic growth influences. This trend may interest investors, appraisers, and real estate agents considering the area's economic vitality and potential for property value appreciation.
Average State and Local Income Taxes Per Tax Return in Duplin County, NC Over the Last 10 Years
Duplin County, North Carolina has seen a notable rise in average state and local income taxes per tax return over the past decade. From $6,068.00 in 2012, taxes have progressively increased, hitting $12,250.00 in 2021. A particularly sharp uptick is evident starting in 2018, where values jumped from approximately $5,395.40 in 2017 to $8,154.55 in 2018, with a continued climb in subsequent years. Those considering investments, real estate ventures, or relocations might find this increase in tax burden informative, especially when gauging long-term financial commitments in the county.
Average Total Tax Liability Per Tax Return in Duplin County, NC Over the Last 10 Years
Duplin County, North Carolina, has seen a variable pattern in average total tax liability per tax return over the past decade. Starting at around $5,690.56 in 2012, it dipped to a low of $4,886.04 in 2014, suggesting some economic challenges or policy changes during that period. However, there has been a general upward trend in recent years, reaching a high of approximately $6,333.49 in 2021. This growth might indicate improving economic conditions and could be a focal point for potential investors, real estate developers, and insurance agents analyzing market dynamics in the area.
Cost of Living in Duplin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,319 | $2,168 | $1,221 | $1,246 |
| 1 adult 4 children | $1,005 | $1,077 | $1,660 | $1,221 | $1,332 |
| 2 adults 3 children | $1,005 | $1,078 | $1,879 | $1,221 | $1,004 |
| 1 adult 3 children | $1,005 | $880 | $1,372 | $1,221 | $1,040 |
| 2 adults 2 children | $826 | $882 | $1,591 | $1,064 | $869 |
| 1 adult 2 children | $826 | $659 | $1,084 | $1,064 | $802 |
| 2 adults 1 child | $826 | $697 | $1,302 | $551 | $789 |
| 1 adult 1 child | $826 | $450 | $795 | $551 | $653 |
| 2 adults | $628 | $560 | $1,014 | $0 | $636 |
| 1 adult | $623 | $305 | $507 | $0 | $561 |
Safety trends & Data
Duplin County, North Carolina, has experienced varying trends in property crime over the past five years, with notable fluctuations in burglary and a steady rise in larceny-theft, which hit 79 incidents by 2022. While motor vehicle theft and embezzlement cases have remained fairly stable, the nuanced trends in fraud and vandalism suggest moderate consistency with slight increases. These patterns are important to consider for potential real estate investors, as they highlight both the risks and... Read more
Property Crime Trends in Duplin County, NC Over the Last 5 Years
Duplin County, North Carolina has seen fluctuating trends in property crime over the past five years. Burglary arrests spiked significantly in 2019 at 41 incidents but have since seen a decline, while larceny-theft has experienced a steady increase, culminating in 79 incidents by 2022. Motor vehicle thefts have remained relatively stable, with minor fluctuations. Interestingly, embezzlement cases have stayed minimally low, barely crossing more than one or two incidents annually. Areas like fraud and vandalism show moderate consistency with slight increases, highlighting perhaps a growing concern but not a dramatic rise. For those looking into real estate or investing in the area, it's crucial to consider these nuances as they reveal both the potential risks and areas of stability in property crime.
Demographics
In Duplin County, North Carolina, the adult population skews slightly female. Educational attainment varies widely, with a significant portion lacking a high school diploma while others hold advanced degrees. The age distribution notably shows balanced representation across various age groups, with a slight concentration among those in their 50s and 60s. Racial composition predominantly features a White majority, though there is also notable diversity, including a relatively large Black or... Read more
Race Distribution in Duplin County, North Carolina (2022)
Educational Attainment in Duplin County, North Carolina (2022)
Age Distribution in Duplin County, North Carolina
Citizen Population in Duplin County, North Carolina (2022)
Political Trends & Data
Duplin County, North Carolina, appears to have a significant Republican leaning, with about 61% of the vote going to the Republican party in the 2020 Presidential Election compared to 39% for Democrats. Third-party options, like Libertarian and Green parties, pulled less than 1% of the total vote combined, reflecting strong partisan preferences that might influence local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Duplin County, North Carolina, potentially leans significantly Republican, with approximately 61% of votes going to the Republican party in the 2020 Presidential Election. In contrast, Democrats garnered roughly 39% of the vote, suggesting a notable gap between the two major parties. Third-party options like the Libertarian and Green parties received minimal support, combined less than 1% of the total votes. These numbers could indicate strong partisan preferences within the county, possibly shaping local policies and community initiatives.
60.72% of voters voted for the Republican party in the 2020 Presidential Election
38.60% of voters voted for the Democrat party in the 2020 Presidential Election
0.37% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
Duplin County, North Carolina's student-to-teacher ratio has mostly been above the national average of fourteen students per teacher, swinging between 15.92 and 17.5 from 2014 to 2023. A notable spike to 17.5 in 2020 hints at higher demands on educational resources, which is worth noting for investors, prospective residents, and educational planners. These ratios could drive decisions about school expansions, hiring, and funding, possibly impacting overall community development and real estate... Read more
Student-to-teacher ratio in Duplin County, North Carolina over the last 10 years
Duplin County, North Carolina has experienced slight fluctuations in its student-to-teacher ratio over the past decade, averaging above the national US average of fourteen students per teacher. From 2014 to 2023, figures have oscillated between 15.92 and 17.5, with a noticeable spike in 2020 at 17.5. This potentially indicates periods of increased pressure on educational resources, which could be vital for investors, families considering relocation, and those involved in educational planning and real estate. These ratios may influence decisions on school expansions, hiring practices, and funding allocations, affecting community growth and development.
