Granville County Real Estate and Livability Trends
Granville County, North Carolina has witnessed a significant rise in average taxable income per tax return, which went from $48,389.92 in 2013 to $64,847.15 by 2021, indicating robust economic health. Real estate taxes surged from $2,096.96 in 2012 to $3,388.96 in 2021, reflecting rising property values. Median home values in the area increased from $142,600 in 2015 to $208,600 in 2022, outpacing... Read more
Granville County Market Trends
Granville County, North Carolina, has seen its median home values surge from $142,600 in 2015 to $208,600 in 2022, outpacing the national average. Residential energy tax credits have peaked at $1,997.14 in 2018, indicating increased investments in energy-efficient improvements. Real estate taxes have jumped from $2,096.96 in 2012 to $3,388.96 in 2021, likely reflecting higher property values or... Read more
Median Value of Occupied Housing Units in Granville County, North Carolina Over the Last 8 Years
Granville County, North Carolina, has experienced a sharp increase in median home values over the last eight years, climbing from $142,600 in 2015 to $208,600 in 2022. Although still slightly below the state average of $234,900 in 2022, Granville County's growth outpaces the national median, which reached $179,400 in the same period. For potential investors and homebuyers, this suggests a robust local market with significant appreciation potential, offering a compelling alternative to other parts of North Carolina and the United States.
Residential Energy Tax Credit Per Tax Return in Granville County, NC Over the Last 9 Years
In Granville County, North Carolina, the average residential energy tax credit per tax return has shown a notable increase over the past nine years, peaking at $1,997.14 in 2018. This trend suggests a growing investment in energy-efficient home improvements, which could make the area more appealing to environmentally conscious investors and homebuyers. The rise in tax credits also hints at potential savings for property owners through local or federal incentives, valuable information for appraisers, insurance agents, and real estate professionals assessing property values and risks.
Average Real Estate Taxes Per Tax Return in Granville County, NC Over the Last 10 Years
Granville County, North Carolina has seen a significant upward trend in average real estate taxes per tax return over the last decade. Starting from $2,096.96 in 2012, the average has climbed to $3,388.96 by 2021. Notably, there was a sharp jump around 2018 when the value reached $3,067.28, a noticeable increase from $2,538.36 just the year before. Such growth could imply rising property values or changing tax rates, which might be key considerations for investors, potential homebuyers, real estate agents, and insurance agents evaluating the area's market dynamics.
Percentage of Farm Returns in Granville County, NC Over the Last 10 Years
Granville County, North Carolina has witnessed a gradual decline in the percentage of farm tax returns over the past decade, shifting from roughly 2.20% in 2012 to about 1.46% in 2021. Farm tax returns are filings that reflect income from agricultural activities, useful for gauging the vitality of local farming. Despite a minor uptick in 2018, the overall decrease might suggest changing economic conditions or shifts in land use. This trend could be significant for those evaluating the potential for agricultural investments, property development, or relocating to the area, as it might hint at evolving economic dynamics within the county.
Number of Mortgages by Occupancy Type in Granville County, NC Over the Last 5 Years in Granville County
In Granville County, North Carolina, there has been a noticeable fluctuation in the number of mortgages by occupancy type over the past five years. Principal Residence mortgages show a significant spike in 2020 and 2021 compared to other years, hinting at a potential increase in people moving to the area or refinancing their homes. Investment Property mortgages appear relatively stable but slightly dipped in 2020 and 2022 compared to earlier years. Second Residence mortgages remain quite low but are relatively consistent. These trends could indicate a growing residential demand, making it potentially attractive for homebuyers and investors. For appraisers and insurance agents, understanding shifts in mortgage types can help gauge future property and risk assessments. Real estate agents and those looking to build property might see an opportunity in this sustainable residential demand, while distinctions between property types could influence market strategy and financial planning.
Economic Outlook
Granville County, North Carolina has experienced a significant rise in average taxable income per tax return, climbing from $48,389.92 in 2013 to $64,847.15 by 2021. This trend suggests a robust local economy, likely appealing to investors and prospective residents. Real estate professionals might view this as a signal of increasing property values and demand. Similarly, the notable spike in state and local income taxes per return, reaching $7,175.14 in 2021, and an increase in total tax... Read more
Average Taxable Income per Tax Return in Granville County, NC over the last 9 years
Granville County, North Carolina has seen a noticeable uptick in the average taxable income per tax return over the past nine years. Back in 2013, the average was about $48,389.92, and this steadily increased to $64,847.15 by 2021. This trend indicates a robust and growing local economy, potentially making it an appealing area for investors and those considering moving there. For real estate agents and property developers, this upward trajectory could signify increasing property values and demand. Insurance agents might also find this data useful when assessing risk and setting premiums, considering higher incomes generally correlate with higher-value assets. There's a clear sign of economic growth in Granville County, which could attract a variety of interests to the area.
Average State and Local Income Taxes Per Tax Return in Granville County, NC Over the Last 10 Years
Over the last decade, Granville County, North Carolina has seen a notable fluctuation in state and local income taxes per tax return. Although figures averaged around $5,100.00 between 2012 and 2013, there were noticeable dips around 2014 and 2015 to below $5,000.00. However, a steep increase can be observed starting in 2018, surging to $7,175.14 by 2021. This marked rise could be indicative of an expanding local economy and higher earnings, which might interest potential investors, real estate agents, or individuals considering relocation to the area for its potential growth and development.
Average Total Tax Liability Per Tax Return in Granville County, NC Over the Last 10 Years
Granville County in North Carolina has seen a notable rise in the average total tax liability per tax return over the last decade, peaking at $8,921.22 in 2021. This steady increase, with occasional dips, could suggest growing property values or higher incomes, which may be of interest to potential investors and realtors. The significant jump in recent years implies an economic shift that might warrant closer attention from appraisers and insurance agents evaluating risk and value in the county.
Cost of Living in Granville County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,318 | $1,387 | $1,913 | $1,204 | $1,327 |
| 1 adult 4 children | $1,318 | $1,133 | $1,462 | $1,204 | $1,442 |
| 2 adults 3 children | $1,318 | $1,133 | $1,660 | $1,204 | $1,090 |
| 1 adult 3 children | $1,318 | $925 | $1,209 | $1,204 | $1,186 |
| 2 adults 2 children | $1,012 | $928 | $1,406 | $1,062 | $918 |
| 1 adult 2 children | $1,012 | $693 | $956 | $1,062 | $857 |
| 2 adults 1 child | $1,012 | $733 | $1,153 | $600 | $837 |
| 1 adult 1 child | $1,012 | $474 | $703 | $600 | $712 |
| 2 adults | $870 | $589 | $900 | $0 | $697 |
| 1 adult | $865 | $321 | $450 | $0 | $628 |
Safety trends & Data
Property crime in Granville County, North Carolina, has generally declined over the past five years, with notable decreases in burglary and larceny-theft. For instance, larceny-theft dropped from 110 incidents in 2018 to 61 incidents in 2019 and has averaged around 63 incidents from 2020-2022. Similarly, burglary incidents reduced significantly from 53 in 2018 to 24 by 2022. Motor vehicle thefts and arson incidents have remained consistently low, possibly indicating effective policing or... Read more
Property Crime Trends in Granville County, NC Over the Last 5 Years
Property crime trends in Granville County, North Carolina, over the past five years show a significant decline in major categories like burglary and larceny-theft, while other areas such as fraud and vandalism have fluctuated modestly. In 2018, larceny-theft peaked at 110 incidents but notably dropped to 61 in 2019, averaging around 63 incidents from 2020-2022. Burglary incidents decreased from 53 in 2018 to 24 by 2022. Motor vehicle thefts and arson incidents have remained relatively low and stable, suggesting effective policing or community vigilance. These trends may appeal to potential investors and new residents as they indicate improved safety and possibly a strengthening local economy.
Demographics
Granville County, North Carolina, shows a near-equal split between its male and female populations, with a slightly higher number of men. Education levels vary, with a substantial number achieving a high school diploma or some college, though fewer hold graduate or professional degrees. The age distribution leans towards an older population, with notable segments in the 45-64 age bracket. Racially, the area is predominantly White, followed by a significant Black or African American presence,... Read more
Race Distribution in Granville County, North Carolina (2022)
Educational Attainment in Granville County, North Carolina (2022)
Age Distribution in Granville County, North Carolina
Citizen Population in Granville County, North Carolina (2022)
Political Trends & Data
In Granville County, North Carolina, the 2020 U.S. Presidential Election results indicated a competitive political landscape with a slight Republican advantage at approximately 52.7%, while Democrats garnered about 46.1% of the vote. Minor parties had a minimal impact, collectively securing less than 1%. This Republican tilt in voting patterns might hint at underlying voter preferences or influence future campaign... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Granville County, North Carolina, the 2020 U.S. Presidential Election results show a slight Republican advantage with approximately 52.7% of the vote, compared to about 46.1% for Democrats. Minor parties like the Libertarians and Greens had a marginal impact, collectively garnering less than 1% of the vote. This distribution suggests a relatively competitive political landscape with a Republican tilt, which could imply voter preference trends or strategic campaign focuses in future elections.
52.68% of voters voted for the Republican party in the 2020 Presidential Election
46.09% of voters voted for the Democrat party in the 2020 Presidential Election
0.77% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
Granville County, North Carolina, has seen its student-to-teacher ratio fluctuate from a high of around 18 in 2019 to a low of about 16 in 2022, often above the national average of 14. These variations could impact perceptions of educational quality and resource allocation. For investors, new residents, or builders, these ratios offer insight into local school performance, potentially informing decisions on property investments, valuations, and insurance... Read more
Student-to-teacher ratio in Granville County, North Carolina over the last 10 years
Granville County, North Carolina, has seen fluctuations in its student-to-teacher ratio over the past decade, ranging from a peak of about 18 in 2019 and 2020 to a low of around 16 in 2022. These ratios have often been above the national average of 14 students per teacher, suggesting potential concerns regarding classroom attention and individualized instruction. For those looking to invest in, move to, or build property in the area, understanding the variability in student-to-teacher ratios could signal significant trends in educational quality and resource allocation. Real estate agents and prospective residents might find these ratios particularly telling when evaluating the quality of local schools, while appraisers and insurance agents could consider these metrics as part of broader community assessments.
