Forsyth County Real Estate and Livability Trends
Forsyth County, North Carolina, has seen a steady climb in median home values from $151,100 in 2015 to $205,700 in 2022, trailing slightly behind the state median but surpassing national averages. A surge in energy-efficient home investments and the near doubling of residential real estate taxes from $2,644.00 in 2012 to $5,000.00 in 2021 hint at both enhanced local amenities and a growing... Read more
Forsyth County Market Trends
Forsyth County, North Carolina, has seen its median home values rise significantly from $151,100 in 2015 to $205,700 in 2022, trailing the state's median of $234,900 but higher than the national figure of $179,400. The average residential energy tax credit surged in 2018 to $2,264.00, underscoring increased investments in energy-efficient home improvements. Real estate taxes nearly doubled from... Read more
Median Value of Occupied Housing Units in Forsyth County, North Carolina Over the Last 8 Years
Forsyth County, North Carolina, has experienced a significant increase in median home values over the past eight years, from $151,100 in 2015 to $205,700 in 2022. This growth trajectory seems to parallel the state level, though Forsyth's 2022 median value of $205,700 lags behind North Carolina’s $234,900. In contrast, the national median reached $179,400 in 2022, indicating that Forsyth remains competitively priced against broader markets. This rising trend could make Forsyth County an appealing target for property investors, while also signaling potential affordability challenges for local residents.
Residential Energy Tax Credit Per Tax Return in Forsyth County, NC Over the Last 9 Years
Forsyth County, North Carolina has seen a notable rise in the average residential energy tax credits per tax return over the past nine years, peaking dramatically in 2018 at $2,264.00. This suggests a growing investment in energy-efficient home improvements, which could be appealing for potential homebuyers and investors interested in sustainable living. Real estate agents and property developers might need to highlight the benefits of energy-efficient homes as a selling point, while insurers and appraisers could consider the potential impacts on property values and insurance rates.
Average Real Estate Taxes Per Tax Return in Forsyth County, NC Over the Last 10 Years
The average real estate taxes per tax return in Forsyth County, North Carolina, have seen a steady increase over the past decade. Starting at approximately $2,644.00 in 2012, the figure has risen to nearly $5,000.00 in 2021. This consistent upward trend could indicate increasing property values or shifting tax rates, making Forsyth County potentially less attractive for budget-conscious investors or homebuyers. However, rising taxes might also reflect growing community investments and infrastructure improvements, which could appeal to those looking for enhanced local amenities and long-term property value appreciation.
Percentage of Farm Returns in Forsyth County, NC Over the Last 10 Years
Over the last decade, Forsyth County, North Carolina has seen a gradual decline in the percentage of farm tax returns, from 0.51% in 2012 to 0.33% in 2021. Farm tax returns indicate the number of tax filings from agricultural operations, highlighting the agricultural sector's economic contributions. This downward trend may suggest a shift away from traditional farming in the area, potentially opening opportunities for other types of development or investment for those interested in property.
Number of Mortgages by Occupancy Type in Forsyth County, NC Over the Last 5 Years in Forsyth County
Forsyth County, North Carolina, has seen notable fluctuations in mortgage activity over the past five years, particularly for principal residences. The mortgage counts for primary residences peaked in 2021, followed by a significant drop in 2022. Investment properties and second residences generally show lower and steadier mortgage counts, yet they also reflect a similar peak in 2021. This variance in occupancy type can indicate shifting economic conditions, buyer preferences, and investment opportunities. For investors, observing these trends might highlight the periods of robust market activity, while potential homeowners can infer market stability and affordability. Appraisers, real estate agents, insurers, and developers can use this data to gauge demand, assess risks, and make informed decisions.
Economic Outlook
Forsyth County, North Carolina, has experienced a notable upward trend in average taxable income per tax return, increasing from $57,795.92 in 2013 to $78,841.41 in 2021, with significant jumps in 2014, 2017, and especially between 2020 and 2021. The rise in average state and local income taxes per tax return is particularly striking, nearly doubling from $7,869.30 in 2017 to $14,436.57 in 2021, suggesting either economic growth or policy shifts. These trends may influence property values,... Read more
Average Taxable Income per Tax Return in Forsyth County, NC over the last 9 years
The average taxable income per tax return in Forsyth County, North Carolina has shown a general upward trend over the past nine years, rising from $57,795.92 in 2013 to $78,841.41 in 2021. Notable spikes occurred in 2014 and 2017, with the most significant increase between 2020 and 2021. This rise in income might hint at economic growth or possibly inflation, which could influence property values and market potential, making it a noteworthy consideration for investors and real estate professionals.
Average State and Local Income Taxes Per Tax Return in Forsyth County, NC Over the Last 10 Years
Over the past decade, Forsyth County, North Carolina has seen a significant rise in average state and local income taxes per tax return. From a relatively steady range around $7,453.74 in 2012 to approximately $7,869.30 in 2017, a notable jump occurred starting in 2018, nearly doubling to $11,120.86 and peaking at $14,436.57 in 2021. This trend may indicate economic growth or policy changes impacting taxpayers, potentially influencing decisions for individuals and businesses considering relocation or investment in the area. Such an increase is noteworthy for appraisers, insurance agents, and real estate professionals who must adjust valuations and projections accordingly.
Average Total Tax Liability Per Tax Return in Forsyth County, NC Over the Last 10 Years
Forsyth County, North Carolina, has witnessed fluctuations in average total tax liability per tax return over the past decade, peaking at $13,823.78 in 2021. Notable increases occurred between 2013 to 2014 and 2016 to 2017, with significant spikes potentially linked to economic factors or policy changes. For those eyeing investment, relocation, or real estate ventures, these shifts might indicate evolving financial dynamics and impact budgeting and long-term fiscal planning.
Cost of Living in Forsyth County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,324 | $1,532 | $1,625 | $1,421 | $1,300 |
| 1 adult 4 children | $1,324 | $1,251 | $1,240 | $1,421 | $1,417 |
| 2 adults 3 children | $1,324 | $1,252 | $1,411 | $1,421 | $1,066 |
| 1 adult 3 children | $1,324 | $1,022 | $1,026 | $1,421 | $1,170 |
| 2 adults 2 children | $1,002 | $1,025 | $1,197 | $1,253 | $892 |
| 1 adult 2 children | $1,002 | $765 | $813 | $1,253 | $834 |
| 2 adults 1 child | $1,002 | $810 | $983 | $707 | $797 |
| 1 adult 1 child | $1,002 | $523 | $599 | $707 | $680 |
| 2 adults | $832 | $651 | $770 | $0 | $629 |
| 1 adult | $800 | $355 | $385 | $0 | $564 |
Safety trends & Data
Forsyth County, North Carolina has seen a notable decline in property crime over the past five years, particularly in burglary, which has dropped from 355.00 incidents in 2018 to 170.00 in 2022. Larceny, while still the highest, has also decreased from 2,196.00 to 857.00 during the same period. These trends suggest a safer environment that could appeal to potential homeowners and investors, potentially boosting housing demand and property... Read more
Property Crime Trends in Forsyth County, NC Over the Last 5 Years
Forsyth County, North Carolina has seen a noticeable decline in property crime over the past five years. The most significant drop is in burglary, plunging from 355.00 incidents in 2018 to 170.00 in 2022. Larceny consistently reports the highest numbers but with a downward trajectory, from 2,196.00 in 2018 to 857.00 in 2022. While some categories, like arson and motor vehicle theft, show fluctuations, their overall numbers remain relatively low. This trend is encouraging for potential homeowners, investors, and real estate professionals, suggesting an improving safety landscape, which could impact housing demand and property values positively.
Demographics
Forsyth County, North Carolina's demographics illustrate a balanced gender distribution with a slight female majority. The area reflects a range of educational achievements, skewing towards high school graduates and those with some college but no degree. Age distribution shows a significant proportion of the population in the 25 to 34-year and 55 to 64-year brackets. Racially, the majority of residents identify as White, though there is notable diversity, particularly with a sizeable African... Read more
Race Distribution in Forsyth County, North Carolina (2022)
Educational Attainment in Forsyth County, North Carolina (2022)
Age Distribution in Forsyth County, North Carolina
Citizen Population in Forsyth County, North Carolina (2022)
Political Trends & Data
Forsyth County, North Carolina, showed a Democratic tilt in the 2020 Presidential Election, with Democrats capturing an estimated 56.2% of the vote. Republicans trailed, with roughly 42.3%, and minor parties like Libertarian and Green collectively achieved under 2%. This implies a strong two-party presence, where third parties appear to have limited... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Forsyth County, North Carolina, displayed a notable lean toward the Democratic party in the 2020 U.S. Presidential Election, with Democrats potentially securing around 56.2% of the vote compared to Republicans who possibly garnered approximately 42.3%. Minor parties such as the Libertarian and Green parties seemed to have had minimal impact, collectively receiving less than 2% of the vote. This could indicate a predominant two-party dynamic within the county, where alternative parties struggle to gain substantial traction.
42.26% of voters voted for the Republican party in the 2020 Presidential Election
56.16% of voters voted for the Democrat party in the 2020 Presidential Election
0.89% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.44% of voters voted for the Other party in the 2020 Presidential Election
School Data
Forsyth County, North Carolina's fluctuating student-to-teacher ratios, peaking at nearly 18 in 2015 and mostly hovering around the national average of 14, can subtly affect local property values and the perceived quality of life. Higher ratios may indicate increased enrollment without proportional staff increases, influencing the desirability of the school district, impacting insurance rates, appraisal values, and investment... Read more
Student-to-teacher ratio in Forsyth County, North Carolina over the last 10 years
Over the past decade, Forsyth County, North Carolina has seen some fluctuations in its student-to-teacher ratio, peaking at nearly 18 in 2015 and otherwise hovering slightly above or around the national average of 14 students per teacher. For prospective investors, residents, and those involved in the real estate market, these ratios might signal the allocation of resources and overall class sizes in the local schools. While the county generally remains competitive with the national standard, the years with higher ratios could suggest periods of increased enrollment without proportional staff increases. These shifts can impact local property values, perceived quality of life, and the desirability of the school district, influencing insurance rates, appraisal values, and investment decisions.
