Haywood County Real Estate and Livability Trends
Haywood County, North Carolina, has seen average taxable income climb to around $63,316.41 in 2021, with possible ties to local economic development. Home values rose from $161,300 in 2015 to $227,500 in 2022, lagging the state's pace, and real estate taxes increased notably from $2,048.96 in 2012 to $3,730.41 in 2021. Declining farm tax returns point to a potential shift away from agriculture,... Read more
Haywood County Market Trends
The median home value in Haywood County, North Carolina climbed from $161,300 in 2015 to $227,500 in 2022, mirroring but slightly lagging behind the state's rate, which went from $154,900 to $234,900. Average residential energy tax credits per tax return spiked in 2018, hinting at a boost in energy-efficient home upgrades. Real estate taxes have also risen from $2,048.96 in 2012 to about... Read more
Median Value of Occupied Housing Units in Haywood County, North Carolina Over the Last 8 Years
Over the last eight years, the median home value in Haywood County, North Carolina has seen a significant uptrend, increasing from $161,300 in 2015 to $227,500 in 2022. Compared to the state of North Carolina, which also rose from $154,900 to $234,900, Haywood County's trajectory has been somewhat consistent but slightly less accelerated. Nationally, home values grew from $125,500 to $179,400 during the same period, indicating that both Haywood County and North Carolina are outpacing the overall country in terms of home value appreciation. This makes Haywood County an intriguing spot for potential investors, homebuilders, and buyers looking for solid real estate growth within the region.
Residential Energy Tax Credit Per Tax Return in Haywood County, NC Over the Last 9 Years
Haywood County, North Carolina has seen quite an ebb and flow in residential energy tax credits per tax return over the last nine years. Notably, the average credit saw a significant jump in 2018 to $2525.00, which could hint at a surge in energy-efficient home upgrades. While there was a dip in 2016 at $444.19, subsequent years showed a relatively high average, with 2020 and 2021 maintaining levels above $1400.00. These trends are essential for anyone eyeing green investments or residential properties in the county, as they underscore potential tax benefits from energy efficiency improvements.
Average Real Estate Taxes Per Tax Return in Haywood County, NC Over the Last 10 Years
Haywood County, North Carolina has experienced a consistent upward trend in average real estate taxes per tax return over the past decade. Starting at approximately $2,048.96 in 2012, the figure has steadily increased, reaching about $3,730.41 in 2021. Notably, there's a sharp rise observed between 2017 and 2018, where the average jumped from around $2,565.49 to roughly $3,192.31. Such trends could suggest increased property values or changes in tax rates, making it critical for investors, homebuyers, and real estate professionals to consider the escalating costs when planning property investments or relocations in the area.
Percentage of Farm Returns in Haywood County, NC Over the Last 10 Years
Over the last decade, Haywood County, North Carolina, has seen a general decline in farm tax returns, dropping from approximately 2.22% in 2012 to around 1.70% in 2021. This trend might suggest a shift away from agricultural activities, possibly indicating either diversification into other types of businesses or changes in farming profitability. For those considering investment or property development in Haywood County, this trend could imply potential opportunities in sectors other than farming, or the need to look deeper into the evolving economic landscape of the area.
Number of Mortgages by Occupancy Type in Haywood County, NC Over the Last 5 Years in Haywood County
Mortgages for principal residences in Haywood County, North Carolina have shown significant fluctuations over the past five years, peaking in 2021 with 4,789 counts, followed by a notable decline in 2022 to 3,336. Investment property mortgages have experienced a gradual increase, starting from 153 in 2018 to a high of 276 in 2021 but slightly dropping to 264 in 2022. Mortgages for second residences have seen some variability as well, with numbers ranging from 329 in 2019 to a high of 639 in 2021. Shifts in occupancy types are critical for investors, real estate agents, and insurers, indicating changing demand dynamics and potential risk factors, influencing property values, rental market viability, and the overall economic landscape. Understanding these trends can help stakeholders make informed decisions about market entry, investment strategies, and risk assessment in the region.
Economic Outlook
Haywood County, North Carolina, has seen a significant increase in average taxable income, rising from $43,856.32 in 2013 to $63,316.41 in 2021. This economic growth may indicate a stable and prosperous environment, potentially driven by local job market and infrastructure improvements. State and local income taxes also rose, with a jump from $5,116.11 in 2014 to $8,885.51 in 2021. Additionally, average total tax liability per tax return has increased from $5,972.68 in 2012 to $8,740.32 in... Read more
Average Taxable Income per Tax Return in Haywood County, NC over the last 9 years
Over the past nine years in Haywood County, North Carolina, there has been a noticeable upward trend in the average taxable income per tax return. Starting at approximately $43,856.32 in 2013, the figure increased steadily, reaching around $63,316.41 in 2021. This trend could suggest a growing economic potential in the area, possibly driven by factors such as local job market improvements and infrastructure developments. For investors, real estate agents, and those considering a move, these numbers might indicate a stable and potentially prosperous environment. Those involved in property appraisal or insurance might also find these trends significant as they adjust valuations and policies to reflect the area's evolving economic landscape.
Average State and Local Income Taxes Per Tax Return in Haywood County, NC Over the Last 10 Years
Over the past decade, Haywood County, North Carolina has seen fluctuating but generally increasing average state and local income taxes per tax return. After a dip in 2014 to $5116.11, the amounts gradually climbed, notably spiking to $7259.24 in 2019 and reaching a high of $8885.51 in 2021. This can possibly be attributed to changes in local economic conditions or tax legislation. Such trends could be insightful for prospective investors, real estate agents, or builders as they reflect evolving financial pressures and community investment in the area.
Average Total Tax Liability Per Tax Return in Haywood County, NC Over the Last 10 Years
Haywood County, North Carolina's average total tax liability per tax return reveals a steady upward trend over the past decade. Starting at approximately $5,972.68 in 2012, taxes increased consistently, peaking dramatically to around $8,740.32 in 2021. This gradual rise suggests expanding economic activity and possibly increased property values, making it crucial for potential investors, real estate agents, and appraisers to note the upward trend in liabilities as it could impact future property valuations and tax assessments.
Cost of Living in Haywood County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,228 | $1,500 | $2,060 | $1,132 | $1,335 |
| 1 adult 4 children | $1,228 | $1,225 | $1,576 | $1,132 | $1,423 |
| 2 adults 3 children | $1,228 | $1,225 | $1,787 | $1,132 | $1,080 |
| 1 adult 3 children | $1,228 | $1,000 | $1,303 | $1,132 | $1,123 |
| 2 adults 2 children | $1,009 | $1,003 | $1,514 | $999 | $915 |
| 1 adult 2 children | $1,009 | $749 | $1,030 | $999 | $855 |
| 2 adults 1 child | $1,009 | $793 | $1,241 | $564 | $849 |
| 1 adult 1 child | $1,009 | $512 | $757 | $564 | $706 |
| 2 adults | $893 | $637 | $967 | $0 | $718 |
| 1 adult | $686 | $347 | $484 | $0 | $565 |
Safety trends & Data
Over the last five years, Haywood County, North Carolina, has seen notable shifts in property crime trends. Larceny cases peaked at 481 in 2020 before dropping to 217 in 2022, and burglary incidents also significantly decreased from 114 in 2020 to 39 in 2022. Motor vehicle thefts have remained relatively stable with minor yearly variations, while embezzlement and forgery rates have consistently trended low. These changes might influence property values, insurance premiums, and safety... Read more
Property Crime Trends in Haywood County, NC Over the Last 5 Years
Over the last five years, Haywood County, North Carolina, has experienced notable fluctuations in property crime rates. Larceny remains the most prevalent, peaking at 481 cases in 2020 but significantly dropping to 217 in 2022. Burglary incidents also saw a reduction from 114 in 2020 to just 39 in 2022. Interestingly, motor vehicle thefts have remained relatively stable, with minor variations each year, while embezzlement and forgery rates have regularly trended low. This evolving crime landscape matters for potential investors, real estate developers, and residents as it impacts property values, insurance premiums, and general safety perceptions in the community.
Demographics
Haywood County, North Carolina's population trends hint at a slight female majority against males. The educational attainment data suggests that a significant portion of the adult populace have at least a high school diploma, with many having completed some college or earned an associate's degree. Age-wise, the county appears to have a mature demographic, with notable numbers in the 55 to 64 and 65 to 74 age ranges. Racially, the county is predominantly White, with relatively smaller... Read more
Race Distribution in Haywood County, North Carolina (2022)
Educational Attainment in Haywood County, North Carolina (2022)
Age Distribution in Haywood County, North Carolina
Citizen Population in Haywood County, North Carolina (2022)
Political Trends & Data
In Haywood County, North Carolina, Republican candidates potentially held a strong lead in the 2020 U.S. Presidential Election, capturing around 62% of the votes. Democratic candidates likely followed with roughly 36%, creating a notable gap between the two major parties. Minor parties, including the Libertarian and Green parties, seemingly garnered minimal support, around 0.9% and 0.2%, respectively. Other parties might have collectively hovered near... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Haywood County, North Carolina, Republican candidates potentially held a substantial lead in the 2020 U.S. Presidential Election, likely capturing approximately 62% of the votes. Democratic candidates possibly followed with around 36%, indicating a significant gap between the two major parties. Minor parties, including the Libertarian and Green parties, seemingly garnered minimal support, with Libertarians at roughly 0.9% and Greens at about 0.2%. The presence of other parties might have been negligible, collectively hovering near 0.4%.
62.49% of voters voted for the Republican party in the 2020 Presidential Election
35.97% of voters voted for the Democrat party in the 2020 Presidential Election
0.91% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
0.39% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Haywood County, North Carolina has varied over the past decade, peaking at 16 in 2017 and 2018, then dipping to 14 more recently. This fluctuation might indicate changes in student enrollment or funding shifts. Lower ratios can signal better educational quality, which is a strong selling point for families looking to move. For real estate agents, these ratios often impact property values and demand, making this information key for accurate market... Read more
Student-to-teacher ratio in Haywood County, North Carolina over the last 10 years
Over the past decade, the student-to-teacher ratio in Haywood County, North Carolina has shown fluctuations, with values peaking at 16 in 2017 and 2018, before dipping to 14 in recent years. This trend suggests a dynamic adjustment in educational resource management, potentially driven by changing student enrollment numbers or funding allocations. Investment-wise, lower student-to-teacher ratios may indicate a potentially higher quality of education, an appealing factor for families considering relocation. For real estate agents and appraisers, understanding these ratios can be crucial as they often influence property values and demand. Insurance agents might also find this data relevant when assessing liability and risk profiles for educational institutions.
