Gaston County Real Estate and Livability Trends
Gaston County, North Carolina's real estate market may be benefiting from the area's rising average taxable income, which jumped from $49,091.12 in 2013 to $66,106.03 in 2021. This shift hints at growing disposable incomes and possibly higher property demand. Home values surged from $125,100 in 2015 to $206,700 in 2022, outpacing both state and national averages, signaling a lucrative investment... Read more
Gaston County Market Trends
Gaston County, North Carolina has seen its median home values soar from around $125,100 in 2015 to $206,700 in 2022, outpacing both national and state averages. The variability in residential energy tax credits, peaking sharply in 2018, underscores a growing focus on energy efficiency that could attract eco-conscious buyers. Real estate taxes have shown a notable rise post-2018, which might... Read more
Median Value of Occupied Housing Units in Gaston County, North Carolina Over the Last 8 Years
Gaston County, North Carolina has seen a pretty steep increase in median home values over the past 8 years, jumping from $125,100 in 2015 to $206,700 in 2022. This is more rapid than the average growth seen at the national level, where the median value went from $125,500 to $179,400 over the same period. Even within the state, Gaston's rise is stark when you consider North Carolina’s average values climbed from $154,900 to $234,900. For investors and current residents, this accelerated appreciation might suggest higher future returns, though it also points to increased costs for prospective buyers.
Residential Energy Tax Credit Per Tax Return in Gaston County, NC Over the Last 9 Years
Residential energy tax credits in Gaston County, North Carolina have shown significant variability over the past nine years. Average credits jumped from $292.18 in 2013 to $1,193.22 in 2021, peaking dramatically in 2018 at $2,289.29. This trend suggests a growing emphasis on energy-efficient investments, which could make Gaston County appealing for environmentally conscious property buyers and investors.
Average Real Estate Taxes Per Tax Return in Gaston County, NC Over the Last 10 Years
Over the past decade, Gaston County, North Carolina has seen varying trends in average real estate taxes per tax return, with a notable increase starting around 2018. Between 2012 and 2017, the averages hovered between $2,437.00 and $2,806.01, indicating relative stability. However, 2018 marked a significant rise to $3,736.16, and by 2020, it peaked at approximately $4,269.09. This upward trend could potentially signal rising property values or changes in tax rates, aspects investors and property developers might find worth examining. The consistency in higher averages post-2018 may point to broader economic or regulatory shifts affecting the county.
Percentage of Farm Returns in Gaston County, NC Over the Last 10 Years
Farm tax returns in Gaston County, North Carolina, have shown a slight but consistent decrease over the last decade. Starting at around 0.43% in 2012, the percentage has dipped to about 0.32% by 2021. A notable decline occurred post-2015, possibly indicating shifts in agricultural viability or economic focus within the region. For potential investors or those considering building property in Gaston County, it might suggest a declining emphasis or challenges in the farming sector, potentially freeing up land for other developments despite the agrarian history of the area.
Number of Mortgages by Occupancy Type in Gaston County, NC Over the Last 5 Years in Gaston County
In Gaston County, North Carolina, the number of mortgages for principal residences consistently outpaces those for investment and second residences, reflecting a stable demand for primary homes. Changes in occupancy type could indicate shifting economic conditions or demographic trends. For instance, investment property mortgages spiked in 2021 but fell in 2022, which might suggest varying investor confidence or market conditions. This data can be particularly useful for real estate agents assessing market dynamics, investors evaluating potential returns, and appraisers understanding property use trends. Additionally, those looking to move to the area may find the stable growth in principal residence mortgages reassuring, while builders and insurance agents might consider the fluctuations in less common occupancy types when planning developments or assessing risk.
Economic Outlook
Gaston County, North Carolina has seen its average taxable income per tax return rise from approximately $49,091.12 in 2013 to around $66,106.03 in 2021. This trend could be a sign of increasing disposable income, appealing to real estate investors who may see higher property demand. Additionally, the average state and local income taxes per tax return have increased from $5,740.16 in 2012 to $10,054.62 by 2021, highlighting potential economic growth or tax policy changes. The steadily rising... Read more
Average Taxable Income per Tax Return in Gaston County, NC over the last 9 years
Gaston County, North Carolina has witnessed a notable upward trend in average taxable income per tax return over the past nine years, with figures rising from approximately $49,091.12 in 2013 to around $66,106.03 in 2021. This growth signals a potentially robust economic environment and might suggest an increase in disposable income for residents. Such a trend could be intriguing for real estate investors, as increasing incomes can drive higher demand for properties, potentially raising property values. Additionally, moving to this county might attract professionals seeking a community with growing financial prospects. For insurance agents and appraisers, the escalating income levels could indicate a change in policy needs and asset evaluations.
Average State and Local Income Taxes Per Tax Return in Gaston County, NC Over the Last 10 Years
Over the last decade, Gaston County, North Carolina has seen a notable increase in average state and local income taxes per tax return, starting from $5,740.16 in 2012 and rising to $10,054.62 by 2021. This increase, with more pronounced jumps after 2017, could suggest an expanding local economy or changes in tax policies. For real estate agents, investors, and new residents, understanding these trends is critical for financial planning and evaluating the economic environment of the area. This could also impact insurance and property appraisal sectors, hinting at increasing home values or living costs.
Average Total Tax Liability Per Tax Return in Gaston County, NC Over the Last 10 Years
Over the last decade, Gaston County in North Carolina has seen a steady increase in average total tax liability per tax return, rising from $6,962.13 in 2012 to $9,799.41 in 2021. This upward trend suggests growing incomes or increased property values, which might appeal to potential investors and real estate agents. For appraisers and insurance agents, it's essential to factor in these rising liabilities when assessing property values and determining insurance premiums. This information could be vital for those considering building or moving to the area, indicating both economic growth and potential future financial commitments.
Cost of Living in Gaston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,303 | $1,416 | $1,896 | $1,235 | $1,338 |
| 1 adult 4 children | $1,303 | $1,156 | $1,450 | $1,235 | $1,420 |
| 2 adults 3 children | $1,303 | $1,156 | $1,645 | $1,235 | $1,074 |
| 1 adult 3 children | $1,303 | $944 | $1,199 | $1,235 | $1,165 |
| 2 adults 2 children | $1,027 | $947 | $1,394 | $1,089 | $916 |
| 1 adult 2 children | $1,027 | $707 | $948 | $1,089 | $875 |
| 2 adults 1 child | $1,027 | $748 | $1,144 | $615 | $850 |
| 1 adult 1 child | $1,027 | $483 | $697 | $615 | $719 |
| 2 adults | $909 | $601 | $893 | $0 | $711 |
| 1 adult | $889 | $328 | $446 | $0 | $615 |
Safety trends & Data
Property crime in Gaston County, North Carolina, has experienced significant fluctuations over the past five years, with larceny-theft peaking at 1,147 incidents in 2018 and then decreasing to 533 in 2022. Burglary numbers dipped notably in 2019 to 133 incidents but have since varied, while vehicle theft also shows an unpredictable pattern. Arson incidents peaked at 11 in 2019 but have otherwise stayed low. These statistics can offer valuable insights for investors, real estate professionals,... Read more
Property Crime Trends in Gaston County, NC Over the Last 5 Years
Property crime in Gaston County, North Carolina, has seen notable fluctuations over the past five years. Larceny-theft remains the most prevalent issue, peaking at 1,147 incidents in 2018 but showing a general downward trend to 533 in 2022. Other crimes like burglary and vehicle theft show variable figures, with burglary numbers dipping significantly in 2019 to 133 before rising again. Arson has remained relatively low, with a high of 11 incidents in 2019. Vandalism, fraud, and embezzlement also present variable statistics with embezzlement generally remaining low. This data may be useful for potential investors, real estate professionals, and residents as it provides insight into the safety dynamics of the area.
Demographics
Gaston County, North Carolina, presents a near equal gender split with men numbering around 82,075 and women at approximately 89,979. Residents tend to have at least a high school education, with the majority having completed high school or some college. The county skews slightly older, with a significant portion of the population between ages 35 to 64, indicating a mature workforce. Racially, the area is predominantly White, while the Black or African American community makes up a substantial... Read more
Race Distribution in Gaston County, North Carolina (2022)
Educational Attainment in Gaston County, North Carolina (2022)
Age Distribution in Gaston County, North Carolina
Citizen Population in Gaston County, North Carolina (2022)
Political Trends & Data
In Gaston County, North Carolina, the 2020 presidential election saw Republicans securing around 63% of the vote, which may hint at a strong conservative preference in the region. Democrats garnered about 35%, while third-party influence appeared minimal, with Libertarian and Green parties together capturing less than 2% of the vote. This voting pattern could suggest limited political diversity, potentially influencing local real estate market trends towards areas and policies that favor... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Gaston County, North Carolina, 2020 election results suggest a noticeable leaning towards Republican preferences, with the party capturing approximately 63% of the vote. Democrats trailed considerably with around 35%. Minor parties such as Libertarian and Green combined for less than 2% of the vote, hinting at limited third-party influence in this region. This distribution could indicate relatively strong Republican support, with limited competition from smaller parties.
63.23% of voters voted for the Republican party in the 2020 Presidential Election
35.46% 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
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Gaston County, North Carolina's student-to-teacher ratio has hovered around 16, dipping to about 15 in 2021 and 2022. This slight reduction indicates potential efforts to minimize class sizes, which could be appealing to families looking to relocate. For real estate professionals, recognizing these educational trends can aid in assessing community investment in schooling, making the area potentially more attractive for residential development. Smaller class sizes often... Read more
Student-to-teacher ratio in Gaston County, North Carolina over the last 10 years
Over the past decade, the student-to-teacher ratio in Gaston County, North Carolina has generally hovered around 16, fluctuating slightly but showing a noticeable decrease in 2021 and 2022 to around 15. While this ratio is somewhat above the national average of 14 students per teacher, recent improvements might suggest efforts to reduce class sizes, which could appeal to families considering moving to the area. For real estate agents, appraisers, and insurance agents, understanding these dynamics can help in evaluating the attractiveness of the local education system, potentially reflecting broader community investments in educational infrastructure. Investors and developers might also find this information valuable when planning residential projects, as smaller class sizes often correlate with enhanced educational outcomes, making areas more appealing to potential buyers.
