Harnett County Real Estate and Livability Trends
Harnett County, North Carolina, reveals intriguing real estate dynamics with median home values climbing from $135,400 in 2015 to $195,900 in 2022, surpassing state and national trends. Average residential energy tax credits are on the rise, suggesting a growing focus on energy efficiency. The steady increase in real estate taxes indicates a possibly strong local economy. A shift towards more... Read more
Harnett County Market Trends
Median home values in Harnett County, North Carolina, have seen a notable jump from $135,400 in 2015 to $195,900 in 2022, outstripping both national and state averages. Average residential energy tax credits have also surged, suggesting growing investments in energy-efficient home improvements. Real estate taxes have increased steadily, reflecting a possibly robust local economy. Additionally,... Read more
Median Value of Occupied Housing Units in Harnett County, North Carolina Over the Last 8 Years
Median home values in Harnett County, North Carolina, have experienced a significant increase over the past eight years, climbing from $135,400 in 2015 to $195,900 in 2022. This sharp rise not only outpaces the national median values—which increased from $125,500 to $179,400 during the same period—but also trends more aggressively compared to North Carolina state averages that went from $154,900 to $234,900. For those looking to invest, move to, or build property in Harnett County, such growth signals a robust real estate market that could indicate potential for strong returns. This data could appeal to prospective buyers or investors eyeing a market with sustained upward momentum.
Residential Energy Tax Credit Per Tax Return in Harnett County, NC Over the Last 9 Years
Harnett County, North Carolina has experienced a remarkable increase in average residential energy tax credits per tax return over the past nine years. Starting at $401.01 in 2013, the credit surged dramatically, peaking at $2,442.86 in 2018. Although there were fluctuations, more recent years—2020 at $1,532.84 and 2021 at $2,218.75—suggest a general upward trend. This evolving landscape might indicate growing investments in energy-efficient home improvements, making the area increasingly appealing for potential homeowners, investors, and real estate professionals.
Average Real Estate Taxes Per Tax Return in Harnett County, NC Over the Last 10 Years
Over the last decade, Harnett County, North Carolina, has witnessed a noticeable increase in average real estate taxes per tax return. Starting from $2,006.93 in 2012, the taxes have escalated to $3,233.33 by 2021. The most significant jumps occurred between 2017 and 2019, with a peak increase to $2,951.99 in 2018. This trend could signal a strengthening local economy and might impact considerations for property investments, appraisals, and insurance in the area.
Percentage of Farm Returns in Harnett County, NC Over the Last 10 Years
The data from Harnett County, North Carolina, over the last decade suggests a gradual decline in the percentage of farm tax returns, from approximately 1.43% in 2012 to around 0.88% in 2021. Farm tax returns, often filed by agricultural business owners for income tax deductions related to farming activities, can be a useful indicator of agricultural economic health. Lower percentages could hint at a shift away from farming activities or changes in the agricultural economy, which might influence investment opportunities and land use decisions in the area.
Number of Mortgages by Occupancy Type in Harnett County, NC Over the Last 5 Years in Harnett County
Harnett County, North Carolina has experienced a consistent increase in mortgage counts for principal residences over the past five years, peaking notably in 2021 with 12,699 mortgages. In contrast, investment properties and second residences have seen more modest growth, with investment properties reaching a high of 819 mortgages in 2021 before declining. This trend could indicate growing interest from homebuyers looking to establish primary residences, likely driven by factors such as local economic conditions, employment opportunities, and community amenities. For real estate investors, the fluctuating figures for investment properties may suggest a cautious approach, potentially influenced by market demand and rental yields. Appraisers and insurance agents should also consider these changes, as shifts towards more primary residences could impact property values and risk assessments. Overall, understanding these dynamics provides valuable insights for anyone considering investing, residing, or working within the Harnett County area.
Economic Outlook
In Harnett County, North Carolina, the average taxable income per tax return rose from $45,546.49 in 2013 to $61,525.35 by 2021, hinting at a robust local economy and possible increase in job opportunities. Simultaneously, state and local income taxes surged from $5,123.52 in 2012 to $10,114.59 in 2021, potentially reflecting higher incomes or altering tax policies. Total tax liability also grew from $6,118.25 in 2012 to $8,368.22 in 2021, suggesting an expanding financial landscape that could... Read more
Average Taxable Income per Tax Return in Harnett County, NC over the last 9 years
In Harnett County, North Carolina, the average taxable income per tax return has shown a steady upward trend over the last nine years. Starting at $45,546.49 in 2013, it saw consistent growth, culminating in a considerable increase to $61,525.35 by 2021. This kind of income growth can potentially signal a robust local economy, providing fertile ground for real estate investments and a promising market for new homeowners, insurers, appraisers, and builders. For those contemplating a move, the rising incomes might reflect increasing job opportunities and economic stability in the area.
Average State and Local Income Taxes Per Tax Return in Harnett County, NC Over the Last 10 Years
Harnett County, North Carolina has recently seen a surge in average state and local income taxes per tax return, a marked escalation from $5,123.52 in 2012 to $10,114.59 in 2021. While the average hovered between $4,800 and $5,300 for several years, beginning in 2018 there was a notable uptick, jumping to $7,660.92 and continuing to climb. This trend may suggest increasing income levels or changes in tax policies, crucial insights for potential investors, real estate agents, or those planning to move into the area. Understanding this financial landscape is key for making informed decisions regarding property investments and economic planning.
Average Total Tax Liability Per Tax Return in Harnett County, NC Over the Last 10 Years
Over the past decade, Harnett County, North Carolina has experienced a noticeable upward trend in average total tax liability per tax return, beginning at approximately $6,118.25 in 2012 and rising to about $8,368.22 by 2021. This steady increase suggests a growing economic base and potentially higher incomes, which could be of interest to real estate investors, appraisers, and insurance agents considering the area’s expanding financial landscape. For those looking to move or invest in Harnett County, it's worth noting the possible correlation between rising tax liabilities and property value appreciation.
Cost of Living in Harnett County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,340 | $1,416 | $1,981 | $1,184 | $1,363 |
| 1 adult 4 children | $1,340 | $1,156 | $1,515 | $1,184 | $1,473 |
| 2 adults 3 children | $1,340 | $1,156 | $1,719 | $1,184 | $1,118 |
| 1 adult 3 children | $1,340 | $944 | $1,253 | $1,184 | $1,210 |
| 2 adults 2 children | $943 | $947 | $1,456 | $1,044 | $903 |
| 1 adult 2 children | $943 | $707 | $991 | $1,044 | $828 |
| 2 adults 1 child | $943 | $748 | $1,194 | $589 | $821 |
| 1 adult 1 child | $943 | $483 | $728 | $589 | $689 |
| 2 adults | $716 | $601 | $932 | $0 | $651 |
| 1 adult | $712 | $328 | $466 | $0 | $577 |
Safety trends & Data
Property crime trends in Harnett County, North Carolina show significant fluctuations over the past five years, especially in burglary and larceny-theft cases. Notably, 2021 saw a spike in stolen property cases, while motor vehicle theft surged in 2022. These crime rate variations can potentially affect property values and buyer desirability. For those in the insurance industry, these trends might influence risk assessments and premiums. Similarly, appraisers and builders may need to consider... Read more
Property Crime Trends in Harnett County, NC Over the Last 5 Years
Property crime trends in Harnett County, North Carolina over the past five years show significant fluctuations, particularly in burglary and larceny-theft cases. For investors and real estate agents, the varying rates of crime from 2018 to 2022, like the spike in stolen property cases in 2021 or the upsurge in motor vehicle theft in 2022, may impact property values and the desirability for potential buyers. Those in the insurance industry should consider these crime trends when assessing risk and premiums, while appraisers and builders might need to reflect on the security measures for new properties. Fraud and embezzlement offenses demonstrated lower consistency, yet their presence still poses potential challenges for business interests in the area.
Demographics
Harnett County, North Carolina, shows a roughly balanced gender distribution, with a slightly higher number of females compared to males. The age spread highlights a predominant young to middle-aged population, especially among those aged 25 to 34 years. Educational attainment varies widely, but a high school diploma or equivalent appears most common, with many pursuing some college or an associate degree. In terms of racial composition, the majority identify as White, followed by a significant... Read more
Race Distribution in Harnett County, North Carolina (2022)
Educational Attainment in Harnett County, North Carolina (2022)
Age Distribution in Harnett County, North Carolina
Citizen Population in Harnett County, North Carolina (2022)
Political Trends & Data
Harnett County in North Carolina leans Republican, with around 60% of the 2020 presidential vote going to the GOP. Democrats received about 38%, indicating some level of competition, while third parties had minimal impact with roughly 2% of the vote. This voting pattern could mirror broader regional political dynamics and may be pivotal for future campaign... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Harnett County in North Carolina seems to lean Republican, with approximately 60% of the 2020 presidential vote going to the GOP. Democrats garnered around 38%, which suggests some level of competition, but the margin is quite significant. Third parties like the Libertarian and Green parties, along with other candidates, had minimal impact, collectively securing roughly 2% of the vote. Such distribution might reflect broader state or regional political dynamics and could be crucial for future campaign strategies.
60.35% of voters voted for the Republican party in the 2020 Presidential Election
37.90% of voters voted for the Democrat party in the 2020 Presidential Election
1.21% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Harnett County, North Carolina has generally experienced a student-to-teacher ratio higher than the national average over the past decade. Starting at 15 in 2014 and peaking at 17 in 2020 before returning to 15 in 2023, these fluctuations could have implications for educational quality in the area. Larger class sizes might affect individual student attention and outcomes, which could be a consideration for families, investors, and real estate agents when assessing local... Read more
Student-to-teacher ratio in Harnett County, North Carolina over the last 10 years
Over the past decade, Harnett County, North Carolina has generally seen a student-to-teacher ratio higher than the national average of 14 students per teacher. Starting at 15 in 2014, the ratio peaked at 17 in 2020 before dipping slightly to 15 in 2023. These fluctuations in student-to-teacher ratio could have implications for anyone interested in educational quality in the area. A higher ratio might suggest larger class sizes, potentially affecting individual student attention and educational outcomes, which could be a consideration for families, investors, and real estate agents when assessing local schools.
