Edgecombe County Real Estate and Livability Trends
Edgecombe County, North Carolina has seen substantial growth in average taxable income, climbing from $35,019.12 in 2013 to $44,561.23 in 2021, indicating a strengthening local economy that could attract investors. Median home values have modestly increased from $82,200 in 2015 to $106,200 in 2022, offering affordability compared to broader trends. Surging residential energy tax credits and... Read more
Edgecombe County Market Trends
Over the last eight years, Edgecombe County, North Carolina saw median home values rise modestly from $82,200 in 2015 to $106,200 in 2022, remaining an affordable option compared to state and national trends. Residential energy tax credits surged, peaking at $1,500.00 in 2018, suggesting increased focus on energy efficiency, while real estate taxes fluctuated significantly, hitting $3,292.98 in... Read more
Median Value of Occupied Housing Units in Edgecombe County, North Carolina Over the Last 8 Years
Over the last eight years, median home values in Edgecombe County, North Carolina have seen a gradual increase from $82,200 in 2015 to $106,200 in 2022. This jump is fairly modest when compared to North Carolina as a whole, where values escalated from $154,900 to $234,900 in the same period. Nationally, the median home value went from $125,500 to $179,400, illustrating that while Edgecombe County has experienced growth, it remains a more affordable area—a potential draw for those looking to invest in more budget-friendly real estate.
Residential Energy Tax Credit Per Tax Return in Edgecombe County, NC Over the Last 9 Years
In Edgecombe County, North Carolina, there has been a noticeable rise in the average residential energy tax credit per tax return over the last nine years. Starting at approximately $371.79 in 2013, the average credit saw a significant increase to $884.21 by 2017 and a sharp peak at $1,500.00 in 2018. While there was a slight dip post-2018, with 2020 showing $950.00, the average credit has somewhat stabilized around $1,040.62 by 2021. This trend suggests an increasing emphasis on energy efficiency and possibly more generous state or federal incentives, making the area potentially attractive for homeowners looking to invest in energy-saving improvements.
Average Real Estate Taxes Per Tax Return in Edgecombe County, NC Over the Last 10 Years
Edgecombe County, North Carolina has seen notable fluctuations in real estate taxes over the last decade. From a relatively stable range around $1,860.31 in 2012, the average real estate tax per return rose consistently, peaking at $3,292.98 in 2021. The most dramatic increase occurred between 2017 and 2019, suggesting significant property value changes or adjustments in tax rates during this period. Such trends might influence investment decisions, impact property insurance rates, appraisal values, and even affect homeowners' long-term financial planning. Real estate agents and potential buyers should consider these trends when assessing the market's attractiveness and growth potential.
Percentage of Farm Returns in Edgecombe County, NC Over the Last 10 Years
Edgecombe County, North Carolina, has experienced variability in the percentage of farm tax returns over the past decade. Figures show a slight decrease over the years, from approximately 0.94% in 2012 to around 0.73% in 2021. Farm tax returns are critical for assessing the vitality and economic health of the agricultural sector, reflecting the financial activities of local farms, including income, expenses, and overall profitability. For investors and potential residents, understanding these trends can offer insights into the agricultural landscape's stability and growth potential.
Number of Mortgages by Occupancy Type in Edgecombe County, NC Over the Last 5 Years in Edgecombe County
Edgecombe County, North Carolina, has seen notable fluctuations in mortgage counts by occupancy type over the past five years. Mortgages for principal residences have generally trended upwards, peaking at 1,839 in 2021, before slightly decreasing to 1,574 in 2022. Investment property mortgages also grew, reaching their highest in 2022 with 193. Mortgages for second residences remained consistently low, with a modest peak of 42 in 2022. Such changes in occupancy types hold significance for investors and real estate professionals, as they may indicate shifts in housing demand and potential market resilience. For appraisers and insurance agents, these trends provide context for risk assessment and property valuation. Potential buyers and builders might find the relatively stable market for second residences an opportunity, while the increase in investment properties suggests a budding interest in rental income opportunities.
Economic Outlook
Edgecombe County, North Carolina has displayed a consistent increase in average taxable income per tax return, rising from $35,019.12 in 2013 to $44,561.23 in 2021. This upward trend suggests a bolstering local economy, potentially making the area more attractive to investors and real estate professionals. Simultaneously, state and local income taxes have fluctuated notably, with a significant peak in 2018 at $11,150.55 and another upswing in 2021 to $9,710.77, which could influence financial... Read more
Average Taxable Income per Tax Return in Edgecombe County, NC over the last 9 years
Edgecombe County, North Carolina has seen a steady increase in the average taxable income per tax return over the past nine years, with a notable rise from $35,019.12 in 2013 to $44,561.23 in 2021. This upward trend, peaking in 2021, indicates a potential growth in economic stability and earning capacity, which could be appealing to investors, property developers, and real estate agents. Those considering moving to or investing in the area might find these figures indicative of a strengthening local economy, paving the way for property value appreciation and opportunities in the housing and business sectors.
Average State and Local Income Taxes Per Tax Return in Edgecombe County, NC Over the Last 10 Years
Over the past decade, Edgecombe County, North Carolina has seen significant fluctuations in state and local income taxes per tax return. Notably, taxes spiked in 2018 reaching as high as $11,150.55, with a smaller yet substantial peak in 2021 at $9,710.77. While the early 2010s showcased more moderate values, recent years reveal a trend of increasing tax burdens. This variation could impact potential real estate investments and property developments, influencing both local and relocating residents' financial planning. These trends are crucial for appraisers, insurance agents, and real estate agents monitoring the county's economic viability.
Average Total Tax Liability Per Tax Return in Edgecombe County, NC Over the Last 10 Years
Edgecombe County, North Carolina, has experienced fluctuating tax liabilities over the past decade, with notable peaks around 2012 at $6,287.95 and a recent high in 2021 at $6,851.58. Periods of relative stability were observed between 2015 and 2020 where values ranged roughly between $5,319.05 and $5,937.71, suggesting a potential pattern of gradual increases. Investors and property developers might find the steadier phases encouraging, indicating some predictability in fiscal responsibilities, while the sharp rise in 2021 might warrant a closer analysis for future financial planning.
Cost of Living in Edgecombe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,096 | $1,323 | $1,880 | $1,174 | $1,103 |
| 1 adult 4 children | $1,096 | $1,080 | $1,437 | $1,174 | $1,190 |
| 2 adults 3 children | $1,096 | $1,081 | $1,631 | $1,174 | $893 |
| 1 adult 3 children | $1,096 | $882 | $1,189 | $1,174 | $912 |
| 2 adults 2 children | $806 | $885 | $1,383 | $1,035 | $752 |
| 1 adult 2 children | $806 | $661 | $940 | $1,035 | $669 |
| 2 adults 1 child | $806 | $699 | $1,134 | $584 | $702 |
| 1 adult 1 child | $806 | $452 | $691 | $584 | $584 |
| 2 adults | $649 | $562 | $886 | $0 | $571 |
| 1 adult | $645 | $306 | $443 | $0 | $516 |
Safety trends & Data
Property crime in Edgecombe County, North Carolina has fluctuated over the past five years, but there's been a noticeable decline since 2018, when Larceny-Theft peaked at 111 and Burglary at 58 incidents. By 2019, these numbers fell dramatically, both dropping to just 1 incident. Vandalism and Fraud also saw sizable decreases. These downward trends might indicate improving safety, which could interest potential investors and residents, although continuous monitoring remains... Read more
Property Crime Trends in Edgecombe County, NC Over the Last 5 Years
Property crime in Edgecombe County, North Carolina has shown fluctuations over the past five years. Notably, 2018 had the highest number of reported incidents, with Larceny-Theft peaking at 111 and Burglary at 58. This contrasts sharply with the following years, where numbers dropped significantly, such as in 2019, where Burglary and Larceny-Theft both fell to just 1. Vandalism and Fraud also saw sizeable decreases from their 2018 figures. Potential investors and residents should find these recent downward trends indicative of improving safety, though continuous monitoring is advisable.
Demographics
Edgecombe County, North Carolina, showcases a distinct demographic composition, with the population skewing slightly female. Educational attainment appears varied, emphasizing a primarily high school-level education and a notable portion having some college experience without a degree. Age distribution hints at a balanced blend of young and older residents, though there's a slightly larger concentration among those aged 55-64. In terms of racial distribution, the county is predominantly Black... Read more
Race Distribution in Edgecombe County, North Carolina (2022)
Educational Attainment in Edgecombe County, North Carolina (2022)
Age Distribution in Edgecombe County, North Carolina
Citizen Population in Edgecombe County, North Carolina (2022)
Political Trends & Data
In Edgecombe County, North Carolina, real estate trends might be influenced by its political landscape, as Democratic candidates seemed to have a notable advantage in the 2020 U.S. Presidential Election. Republican support in the county appeared weaker, and third parties barely made a dent. This political lean could potentially shape future policies and investments in the area, making it an interesting watch for those keeping an eye on politically-driven market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Edgecombe County, North Carolina, Democratic candidates seemed to have a notable edge in the 2020 U.S. Presidential Election, potentially indicating a stronghold in this region. Republican support, while significant, appeared considerably lower. Third parties, including Libertarian and Green, garnered minimal voter share, suggesting limited impact on the overall election outcome here.
36.13% of voters voted for the Republican party in the 2020 Presidential Election
63.15% of voters voted for the Democrat party in the 2020 Presidential Election
0.38% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Edgecombe County, North Carolina, has seen its student-to-teacher ratio fluctuate over the past decade, with recent figures hovering around 15 students per teacher, slightly above the national average. This trend may hint at larger classroom sizes, which could influence the quality of education and signal opportunities for community investment in school facilities. For real estate investors, builders, and agents, these ratios might affect property values and the area's desirability for families... Read more
Student-to-teacher ratio in Edgecombe County, North Carolina over the last 10 years
Edgecombe County, North Carolina, has seen a fluctuating student-to-teacher ratio over the past decade, ranging from a high of 16 students per teacher to a low of nearly 15. Recently, the ratio has mostly trended downward, reaching as low as 15 students per teacher in 2020 before inching back to around 15 in 2023. This is slightly above the national average of 14 students per teacher, which may indicate a somewhat higher workload for educators in Edgecombe County. For investors, builders, real estate agents, and those moving to the area, a higher student-to-teacher ratio could reflect on classroom sizes, potentially affecting the quality of education or signaling areas for community investment in school facilities. This data also holds significance for appraisers and insurance agents as it might impact property values and the overall desirability of the locale for families considering educational environments.
