Guilford County Real Estate and Livability Trends
In Guilford County, North Carolina, median home values have climbed consistently, reaching $215,700 by 2022, making it an appealing market for those seeking affordability. Notable increases in real estate and energy tax credits reflect growing interest in property improvements and sustainability. Meanwhile, property crime rates have dropped significantly, enhancing the attractiveness of the area... Read more
Guilford County Market Trends
Guilford County, North Carolina has experienced a notable climb in median home values over the past eight years, hitting $215,700 in 2022, which is still below the state median of $234,900. This makes it a potentially attractive spot for investors and new residents seeking a balance between affordability and appreciation. The average residential energy tax credit saw significant spikes,... Read more
Median Value of Occupied Housing Units in Guilford County, North Carolina Over the Last 8 Years
Over the past eight years, Guilford County, North Carolina, has seen a considerable increase in median home values, reaching $215,700 in 2022. This contrasts with the state median of $234,900 and the national median of $179,400 for the same year. Those interested in investing or moving to Guilford County would find that home values have generally followed an upward trend but remain relatively more affordable compared to the broader state market. This can present opportunities for investors looking for undervalued properties in a growing locale or for new residents seeking a balance between cost and an appreciating asset.
Residential Energy Tax Credit Per Tax Return in Guilford County, NC Over the Last 9 Years
In Guilford County, North Carolina, the average residential energy tax credit per tax return has seen notable fluctuations over the past nine years. Starting at $345.81 in 2013, the credit experienced a significant spike in 2018, reaching $1981.82, indicating heightened investments in energy-efficient home improvements. Although the figures dipped slightly in 2019 to $1034.00, they continued to climb to $1275.60 by 2021. Such trends may suggest increased homeowner interest in energy efficiency, potentially impacting real estate values and construction prioritization in the area. This data could be particularly relevant for investors, builders, and insurance agents monitoring property improvements tied to energy efficiency.
Average Real Estate Taxes Per Tax Return in Guilford County, NC Over the Last 10 Years
Over the last decade, Guilford County, North Carolina, has seen a notable increase in real estate taxes per tax return, rising from approximately $2,900.98 in 2012 to roughly $4,743.28 in 2021. The sharpest jump occurred between 2017 and 2018, where the average taxes increased by almost $1,000. This consistent upward trend could be a point of consideration for investors, homebuyers, and real estate professionals assessing the long-term financial commitments associated with property ownership in the area.
Percentage of Farm Returns in Guilford County, NC Over the Last 10 Years
In Guilford County, North Carolina, the percentage of farm tax returns has generally been on a gradual decline over the past decade, dipping from about 0.47% in 2012 to roughly 0.36% in 2021. Despite a slight uptick in 2021, the overall trend indicates a consistent decrease in farm-related financial activity. For potential investors or those considering moving to this area, this may suggest a shift in the local economy away from agriculture. This also has implications for property developers and residents interested in the agricultural sector as it points to a possible reduction in farm-based enterprises and associated opportunities.
Number of Mortgages by Occupancy Type in Guilford County, NC Over the Last 5 Years in Guilford County
Guilford County, North Carolina has shown a steady incline in mortgages for principal residences, particularly between 2018 and 2021. Investment property mortgages peaked in 2021, followed by a noticeable decline in 2022. Second residence mortgages have remained relatively low and stable. Changes in occupancy type provide crucial insights for potential investors, as a rise in principal residence mortgages indicates growing residential demand, potentially driving up home values. This trend is a vital consideration for appraisers and real estate agents assessing market conditions, and for insurance agents, it could imply shifting risk profiles and the need to adjust coverage strategies. Builders and those looking to develop property should also note the shifting landscape to align their projects with market demands.
Economic Outlook
In Guilford County, North Carolina, average taxable income per tax return has generally risen from $56,178.82 in 2013 to $79,511.69 in 2021, despite some year-over-year dips, indicating a potentially strengthening local economy attractive for investment and real estate activities. State and local income taxes have also risen significantly, peaking at $14,916.56 in 2021, suggesting a growing tax burden that could affect investment returns and living costs. The total tax liability saw a notable... Read more
Average Taxable Income per Tax Return in Guilford County, NC over the last 9 years
Over the past nine years, average taxable income per tax return in Guilford County, North Carolina has shown a general upward trajectory. From $56,178.82 in 2013, it climbed steadily, reaching a peak of $79,511.69 in 2021. Notable dips occurred in 2016 and 2019, with slight drops compared to surrounding years. This trend might suggest a strengthening local economy, making it an attractive area for investment, property development, and real estate activities, despite occasional fluctuations.
Average State and Local Income Taxes Per Tax Return in Guilford County, NC Over the Last 10 Years
Over the last decade, Guilford County, North Carolina, has seen a notable upward trend in state and local income taxes per tax return. Starting around $7,261.54 in 2012, average tax payments experienced modest fluctuations until a significant jump in 2018, reaching $10,929.89. This trend continues sharply upward, peaking at $14,916.56 in 2021. For prospective investors, real estate agents, and those considering relocation, this suggests a rising tax burden, which could impact investment returns, property values, or overall living costs. Therefore, it's essential to factor in these escalating tax expenses when making financial or real estate decisions in the county.
Average Total Tax Liability Per Tax Return in Guilford County, NC Over the Last 10 Years
Over the past decade, Guilford County, North Carolina has seen notable fluctuations in the average total tax liability per tax return. Starting at $10,017.84 in 2012, there was a general upward trend with some variability, peaking in 2021 at $14,322.58. This growth highlights significant economic shifts in the area, potentially reflecting increases in property values, incomes, or tax rates. Such trends are crucial for investors, real estate professionals, and residents alike, offering insights into the economic health and fiscal changes within the county.
Cost of Living in Guilford County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,387 | $1,520 | $1,704 | $1,369 | $1,330 |
| 1 adult 4 children | $1,387 | $1,241 | $1,301 | $1,369 | $1,445 |
| 2 adults 3 children | $1,387 | $1,242 | $1,479 | $1,369 | $1,093 |
| 1 adult 3 children | $1,387 | $1,014 | $1,077 | $1,369 | $1,194 |
| 2 adults 2 children | $1,076 | $1,017 | $1,255 | $1,207 | $916 |
| 1 adult 2 children | $1,076 | $759 | $852 | $1,207 | $861 |
| 2 adults 1 child | $1,076 | $803 | $1,030 | $682 | $824 |
| 1 adult 1 child | $1,076 | $519 | $627 | $682 | $703 |
| 2 adults | $953 | $645 | $805 | $0 | $676 |
| 1 adult | $925 | $352 | $403 | $0 | $609 |
Safety trends & Data
Property crime trends in Guilford County, North Carolina, hint at a safer environment for residents and investors, with larceny-theft incidents dropping from 2,670 in 2018 to 1,116 in 2022. Burglary and fraud cases also saw declines, with burglary incidents halving from 683 to 342 and fraud cases decreasing from 742 to 247 over five years. While motor vehicle thefts and arson remained consistently low, vandalism and embezzlement showed minor fluctuations without significant patterns. These... Read more
Property Crime Trends in Guilford County, NC Over the Last 5 Years
Guilford County, North Carolina, has seen notable fluctuations in property crimes over the past five years. Larceny-Theft has consistently been the highest reported crime, peaking in 2018 with 2,670 incidents, but showing a general decline to 1,116 by 2022. Burglary and fraud also saw marked decreases in the same period, with burglary incidents falling from 683 in 2018 to 342 in 2022, and fraud dropping from 742 to 247. Motor vehicle thefts and arson incidents have remained relatively low and stable. However, vandalism and embezzlement incidents have shown slight variability but no significant trends. This data suggests potential improvements in crime deterrence measures and a relatively safer environment for residents and investors over recent years.
Demographics
Guilford County, North Carolina, shows a gender imbalance with somewhat more females (211,241) compared to males (183,212). The educational landscape appears diverse, with a substantial percentage having achieved higher education; specifically, there seems to be a notable number of bachelor's (85,562) and graduate or professional degree holders (50,028). Age-wise, the county's largest segments are individuals aged 25 to 34 and those over 65 illustrate a balanced young-to-middle-aged populace... Read more
Race Distribution in Guilford County, North Carolina (2022)
Educational Attainment in Guilford County, North Carolina (2022)
Age Distribution in Guilford County, North Carolina
Citizen Population in Guilford County, North Carolina (2022)
Political Trends & Data
Guilford County, North Carolina may have exhibited a strong leaning towards Democratic candidates in the 2020 U.S. Presidential Election, with an estimated 60.8% of the votes. The Republican share was likely around 37.7%, indicating a significant gap between the two major parties. The minor presence of third-party votes suggests that residents might predominantly favor the two-party system, hinting at a potentially strong Democratic voter base in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Guilford County in North Carolina possibly leaned towards the Democratic party in the 2020 U.S. Presidential Election, with around 60.8% of the votes. Republicans might have secured approximately 37.7% of the votes, significantly trailing behind. Other parties such as the Libertarian and Green parties barely made a dent, suggesting that third-party candidates were less influential in this county. This distribution could indicate a strong Democratic presence or voter base in Guilford County.
37.72% of voters voted for the Republican party in the 2020 Presidential Election
60.84% of voters voted for the Democrat party in the 2020 Presidential Election
0.78% 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
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
Guilford County, North Carolina, has experienced a student-to-teacher ratio varying between 14 and 16 over the past decade, with 2023 showing around 15 students per teacher. This higher-than-average class size could influence educational quality, potentially affecting real estate values and family appeal. Investors and developers should keep these trends in mind when evaluating the demand for family-oriented... Read more
Student-to-teacher ratio in Guilford County, North Carolina over the last 10 years
Guilford County, North Carolina, has seen its student-to-teacher ratio fluctuate between 14 and 16 over the last decade, with the most recent data showing a ratio of about 15 students per teacher in 2023. While this is slightly above the national average of 14 students per teacher, it may suggest relatively larger class sizes in the county. These variations could impact the quality of education, with potential implications for real estate values and attractiveness to families considering moving to the area. Investors and developers might also need to consider these trends when assessing the demand for family-friendly housing.
