Halifax County Real Estate and Livability Trends
In Halifax County, North Carolina, home values have grown modestly from $86,600 in 2015 to $98,700 in 2022, appealing to investors and first-time buyers due to their affordability. Meanwhile, real estate taxes jumped from around $2,191.59 in 2012 to $3,364.86 in 2021, possibly reflecting rising property values and increased public expenditure. Interestingly, a decline in farm tax returns from... Read more
Halifax County Market Trends
Median home values in Halifax County, North Carolina have grown modestly from $86,600 in 2015 to $98,700 in 2022, remaining well below state and national averages. The lower median could be enticing for investors and first-time homebuyers seeking affordability. Residential energy tax credits have fluctuated, peaking at $1,600.00 in 2018 before settling just above $1,000.00 in recent years,... Read more
Median Value of Occupied Housing Units in Halifax County, North Carolina Over the Last 8 Years
Median home values in Halifax County, North Carolina have shown modest growth over the past eight years, with a slight dip in the middle, increasing from $86,600 in 2015 to $98,700 in 2022. These values are significantly lower than both the state and national averages, which saw more substantial growth. For example, in 2022, North Carolina's median was $234,900 and the national median was $179,400. This relatively lower cost might suggest that Halifax County could be an attractive market for investors or first-time homebuyers looking for more affordable options within the state.
Residential Energy Tax Credit Per Tax Return in Halifax County, NC Over the Last 9 Years
Over the last nine years, residential energy tax credits in Halifax County, North Carolina have seen notable fluctuations. Between 2013 and 2016, there was a gradual increase from $390.24 to $486.49 per return. The year 2017 marked a significant rise to $704.17, peaking dramatically in 2018 at $1,600.00. This was followed by a drop to $1,025.81 in 2019, and then a slight recovery, maintaining levels just above $1,000.00 in 2020 and 2021. This trend suggests potential volatility in energy efficiency incentives, impacting investment decisions in residential energy improvements.
Average Real Estate Taxes Per Tax Return in Halifax County, NC Over the Last 10 Years
Over the past decade, real estate taxes in Halifax County, North Carolina have seen a steady increase, moving from around $2,191.59 in 2012 to approximately $3,364.86 in 2021. This upward trend could signal a variety of economic factors including rising property values and possibly increased public service expenditures. For potential investors, residents, and stakeholders, this tax trajectory may reflect both the growing appeal and the evolving fiscal landscape of the county.
Percentage of Farm Returns in Halifax County, NC Over the Last 10 Years
Over the last decade, Halifax County, North Carolina has seen a decline in the percentage of farm tax returns, dropping from approximately 1.10% in 2012 to about 0.78% in 2021. This could indicate a shift away from agricultural-based activities or a consolidation of farming operations. Understanding these trends is crucial for potential investors, property developers, and new residents, as it might suggest changing land use and economic diversification in this traditionally agricultural region.
Number of Mortgages by Occupancy Type in Halifax County, NC Over the Last 5 Years in Halifax County
Mortgages in Halifax County, North Carolina show principal residences consistently dominate, peaking notably in 2021 with 1,737 counts but dropping to 1,436 by 2022. Interestingly, investment properties have displayed a steady but lesser presence, while second residences have fluctuated without a clear trend. Changes in occupancy types can matter significantly as they influence market dynamics, typifying where demand lies—whether investors, long-term settlers, or seasonal occupants are driving the market. This is crucial for investors gauging returns, appraisers assessing property value, and real estate agents strategizing their approach. An increase in principal residences may suggest the area is becoming more attractive for permanent living, possibly affecting property values and local market stability.
Economic Outlook
Halifax County, North Carolina has experienced significant rises in the average taxable income per tax return, growing from $36,935.33 in 2013 to $49,089.61 in 2021. This economic boost might be drawing attention from investors and real estate developers. Meanwhile, the average state and local income taxes per return increased from $4,891.93 in 2012 to $7,207.06 by 2021, indicating a rising tax burden that could shape decisions for potential investors and residents. The average total tax... Read more
Average Taxable Income per Tax Return in Halifax County, NC over the last 9 years
Halifax County, North Carolina has experienced a noteworthy incremental rise in the average taxable income per tax return over the past nine years, beginning at $36,935.33 in 2013 and reaching a peak of $49,089.61 in 2021. This upward trend may suggest a strengthening local economy, potentially making the county more attractive to investors, prospective residents, and real estate developers. While the growth is evident, the jump in 2021 stands out and might indicate a shift in income patterns or economic drivers in the region.
Average State and Local Income Taxes Per Tax Return in Halifax County, NC Over the Last 10 Years
Over the past decade, Halifax County, North Carolina has seen a noticeable increase in average state and local income taxes per tax return, with figures jumping from approximately $4,891.93 in 2012 to around $7,207.06 by 2021. This trend suggests a rising tax burden, which may impact decisions for potential investors, property developers, and residents weighing the cost of living. Real estate agents and appraisers might find these shifting numbers useful when evaluating property values and market dynamics. Moreover, insurance agents might consider these changes when assessing risk and coverage needs.
Average Total Tax Liability Per Tax Return in Halifax County, NC Over the Last 10 Years
Over the past decade, Halifax County, North Carolina has seen a general upward trend in the average total tax liability per tax return, with a notable spike in 2021 reaching $7,156.34. This increase might indicate rising incomes or changes in tax regulations affecting residents. For investors, real estate agents, or anyone looking to build property, this could signal a possibly growing and increasingly affluent population, suggesting potential opportunities. Those in insurance and appraisal fields might consider the implications of this financial trend on property values and risk assessments.
Cost of Living in Halifax County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,026 | $1,331 | $2,260 | $1,224 | $1,242 |
| 1 adult 4 children | $1,026 | $1,087 | $1,732 | $1,224 | $1,313 |
| 2 adults 3 children | $1,026 | $1,087 | $1,959 | $1,224 | $995 |
| 1 adult 3 children | $1,026 | $888 | $1,431 | $1,224 | $1,018 |
| 2 adults 2 children | $843 | $890 | $1,658 | $1,066 | $858 |
| 1 adult 2 children | $843 | $665 | $1,130 | $1,066 | $776 |
| 2 adults 1 child | $843 | $704 | $1,357 | $554 | $774 |
| 1 adult 1 child | $843 | $454 | $829 | $554 | $630 |
| 2 adults | $640 | $565 | $1,056 | $0 | $616 |
| 1 adult | $564 | $308 | $528 | $0 | $510 |
Safety trends & Data
Halifax County, North Carolina, has witnessed various crime trend shifts over the past five years. Larceny-theft consistently ranks high, peaking at 290 cases in 2018 and dropping to 155 in 2021. Burglary arrests plunged from 105 in 2018 to 38 in 2022, hinting at better home security or changes in reporting. Fraud cases have been erratic, dipping to 22 in 2019 but climbing to 36 by 2022. The highest motor vehicle theft reports were in 2022 with 11 cases. These mixed trends provide valuable... Read more
Property Crime Trends in Halifax County, NC Over the Last 5 Years
Over the last five years, Halifax County, North Carolina has seen fluctuating trends in property crime rates, with notable variances in categories like burglary, larceny-theft, and fraud. Larceny-theft has consistently remained the most reported crime, peaking at 290 instances in 2018 and bottoming out at 155 in 2021. Burglary cases saw a significant drop from 105 arrests in 2018 to 38 in 2022, suggesting possible improvements in home security or reporting practices. However, fraud cases have shown inconsistent patterns, with a sharp decline from 97 in 2018 to 22 in 2019, but gradually increasing to 36 in 2022. Motor vehicle thefts, while less frequent, showed some variation, with the highest reports in 2022 at 11 instances. These trends could inform potential residents or investors about the shifting landscape of safety and security in the area, highlighting specific concerns and improvements over time.
Demographics
Halifax County, North Carolina, displays a diverse adult population with a slightly higher number of females compared to males. Educational attainment seems to suggest most residents are high school graduates or have attended some college without obtaining a degree. The age distribution highlights a substantial middle-aged and older adult demographic, with a notable amount of residents aged 55 to 64 years. The racial makeup indicates a predominance of Black or African American residents,... Read more
Race Distribution in Halifax County, North Carolina (2022)
Educational Attainment in Halifax County, North Carolina (2022)
Age Distribution in Halifax County, North Carolina
Citizen Population in Halifax County, North Carolina (2022)
Political Trends & Data
In Halifax County, North Carolina, the 2020 U.S. Presidential Election hinted at a Democratic lean, with an estimated 60% of the vote potentially favoring the Democrats. The Republicans seemed to trail with around 39%, while third-party candidates collectively garnered less than 1% each. This trend may indicate a Democratic preference, but historical voting data and voter turnout fluctuations are always critical to consider for a comprehensive... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Halifax County, North Carolina, the 2020 U.S. Presidential Election showed a leaning toward the Democratic Party, with roughly 60% of the votes possibly going their way. The Republican Party followed with around 39%, while third-party candidates from the Libertarian and Green parties, along with other minor parties, collectively received less than 1% each. This suggests the county may tend to favor Democratic candidates, though it's always useful to consider historical voting patterns and potential variations in voter turnout.
39.13% of voters voted for the Republican party in the 2020 Presidential Election
60.35% of voters voted for the Democrat party in the 2020 Presidential Election
0.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Halifax County, North Carolina, has experienced significant fluctuations in its student-to-teacher ratio over the past decade, reaching a peak of 17 in 2023, against a national average of 14. Higher ratios might hint at larger class sizes, impacting both educational resource strain and the attractiveness of the community to potential homeowners. Real estate investors and appraisers could view this as a factor affecting property values, while those focused on local education might see it as a... Read more
Student-to-teacher ratio in Halifax County, North Carolina over the last 10 years
Halifax County, North Carolina has seen its student-to-teacher ratio fluctuate within the past decade, generally rising from 14 in 2015 to a peak of 17 in 2023, though 2020 saw a notably higher number of 16. Compared to the current national average of 14 students per teacher, Halifax County's ratios are consistently higher, which might suggest larger class sizes and potentially more strain on educational resources. For families considering a move, real estate investors, or appraisers, these numbers could hint at the schooling environment's impact on property values and community attractiveness. Those invested in local education might also view these trends as a point of consideration for addressing resource allocation and teacher retention.
