Hertford County Real Estate and Livability Trends
Hertford County, North Carolina has seen significant economic changes, with average taxable income rising from $38,505.09 in 2013 to $50,103.19 in 2021, indicative of potential economic growth. However, this comes alongside increased state and local income taxes and total tax liabilities, possibly affecting disposable income. The median home value surged to $103,600 in 2022 from $83,000 in 2015,... Read more
Hertford County Market Trends
Hertford County, North Carolina, has seen its median home value jump to $103,600 in 2022 from $83,000 in 2015, yet still lags behind state and national medians at $234,900 and $179,400, respectively. This suggests potential affordability for buyers compared to broader markets, although slower appreciation might deter some investors. Residential energy tax credits per return peaked at $1,500.00 in... Read more
Median Value of Occupied Housing Units in Hertford County, North Carolina Over the Last 8 Years
The median home values in Hertford County, North Carolina, have generally lagged behind both state and national medians over the last eight years. While the county saw a significant jump to $103,600 in 2022 from $83,000 in 2015, North Carolina as a whole reached a median home value of $234,900 in the same year, and the national median hit $179,400. For investors and potential homeowners, this suggests that Hertford County may offer more affordable opportunities relative to broader markets, though it might also indicate slower overall appreciation. The sharp rise in 2022 could signal a shift, making it an interesting time to keep an eye on this local market.
Residential Energy Tax Credit Per Tax Return in Hertford County, NC Over the Last 9 Years
Over the past nine years in Hertford County, North Carolina, the average residential energy tax credit per tax return has shown some interesting fluctuations. Starting at around $476.47 in 2013, it peaked significantly at $1,500.00 in 2018 before stabilizing to around $960.00 by 2021. This pattern indicates varying but notable investments in energy-efficient home improvements. For anyone looking to build property, invest, or work in real estate in Hertford County, these trends might suggest an increasing homeowner interest in energy efficiency, potentially influencing home values and utility savings.
Average Real Estate Taxes Per Tax Return in Hertford County, NC Over the Last 10 Years
Hertford County, North Carolina has experienced fluctuations in real estate taxes per tax return over the past decade, with a notable increase from around $2,026.09 in 2012 to approximately $2,819.35 in 2021. The most significant jumps occurred between 2017 and 2018, where the average taxes per return rose sharply to nearly $2,946.34. This trend suggests a general upward movement in property taxation, which might interest investors and real estate professionals considering the long-term cost implications for homeowners. This information could be useful for appraisers and insurance agents when assessing property values and insurance premiums.
Percentage of Farm Returns in Hertford County, NC Over the Last 10 Years
Over the last decade, Hertford County, North Carolina, has seen fluctuations in the percentage of farm tax returns, dropping from 1.28% in 2012 to 0.94% in 2021. The highest point was observed in 2014 with 1.41%, but a general downward trend is evident. Farm tax returns, which involve reporting income and expenses related to agricultural activities, serve as a barometer for the county’s agricultural sector's health. This data may indicate shifting economic conditions that are critical for investors, developers, and residents to consider, hinting at evolving land use and property value trends in the area.
Number of Mortgages by Occupancy Type in Hertford County, NC Over the Last 5 Years in Hertford County
In Hertford County, North Carolina, the number of mortgages for principal residences appears to be significantly higher compared to investment and second residences over the last five years. Notably, there's a marked fluctuation in principal residence mortgages, peaking at 713 in 2021 and dropping to 528 in 2022. Investment property mortgages saw a slight increase and then a decline, while second residence mortgages remained relatively stable. These fluctuations in occupancy types matter because they can impact housing demand, property values, and the local economy, influencing decisions for investors, real estate agents, and appraisers. High principal residence numbers might suggest a more stable and permanent population, likely affecting local services and infrastructure. Conversely, shifts in investment property mortgages could signal changing economic opportunities or market conditions.
Economic Outlook
Hertford County, North Carolina has seen its average taxable income per tax return rise significantly from around $38,505.09 in 2013 to about $50,103.19 in 2021, hinting at potential economic growth. Concurrently, the average state and local income taxes jumped from approximately $4,614.57 in 2017 to $8,082.35 by 2021, suggesting an increasing tax burden that could affect disposable income. The average total tax liability also increased, moving from $5,266.54 in 2012 to $7,023.75 in 2021, with... Read more
Average Taxable Income per Tax Return in Hertford County, NC over the last 9 years
Hertford County, North Carolina has shown a steady increase in average taxable income per tax return over the past nine years, rising from approximately $38,505.09 in 2013 to about $50,103.19 in 2021. This trend suggests potential economic growth, making it an interesting area for investment, real estate opportunities, and new property developments. Appraisers and insurance agents might find this data useful for adjusting property values and rates, respectively. Additionally, individuals looking to move to Hertford County or currently living there might see this as a positive indicator of economic health.
Average State and Local Income Taxes Per Tax Return in Hertford County, NC Over the Last 10 Years
Over the last decade, Hertford County, North Carolina has experienced notable fluctuations in average state and local income taxes per tax return. From a low of approximately $4,614.57 in 2017, there's been a marked increase, with the average reaching $8,082.35 by 2021. This trend suggests a rising tax burden, potentially impacting disposable income and cost of living, a critical factor for investors, prospective residents, and real estate agents. The significant spike starting in 2018 might hint at policy changes or economic shifts, making it essential for financial planners and appraisers to stay informed about evolving local taxation dynamics.
Average Total Tax Liability Per Tax Return in Hertford County, NC Over the Last 10 Years
The average total tax liability per tax return in Hertford County, North Carolina has shown a general upward trend over the last decade. Starting at $5,266.54 in 2012, the liability increased to $7,023.75 by 2021. Notable spikes are observed in 2017 and 2020, which could hint at economic events or policy changes impacting residents' taxes. This trend suggests a growing financial burden on taxpayers and could impact investment decisions, property values, and insurance considerations in the county.
Cost of Living in Hertford County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,069 | $1,323 | $2,260 | $1,090 | $1,230 |
| 1 adult 4 children | $1,069 | $1,080 | $1,732 | $1,090 | $1,303 |
| 2 adults 3 children | $1,069 | $1,081 | $1,959 | $1,090 | $985 |
| 1 adult 3 children | $1,069 | $882 | $1,431 | $1,090 | $1,009 |
| 2 adults 2 children | $878 | $885 | $1,658 | $951 | $853 |
| 1 adult 2 children | $878 | $661 | $1,130 | $951 | $772 |
| 2 adults 1 child | $878 | $699 | $1,357 | $498 | $786 |
| 1 adult 1 child | $878 | $452 | $829 | $498 | $645 |
| 2 adults | $667 | $562 | $1,056 | $0 | $640 |
| 1 adult | $640 | $306 | $528 | $0 | $555 |
Safety trends & Data
Hertford County, North Carolina, has experienced notable shifts in property crime trends over the past five years. A significant drop in burglary cases from 54.00 incidents in 2020 to just 4.00 in 2022 may hint at better security measures or effective law enforcement. Larceny-theft, while still the most common property crime, has mostly declined from 85.00 incidents in 2018 to 26.00 in 2022, despite occasional increases. Motor vehicle thefts have remained relatively steady and low, suggesting... Read more
Property Crime Trends in Hertford County, NC Over the Last 5 Years
Over the last five years, Hertford County, North Carolina, has seen fluctuations in property crime rates with some noteworthy trends. The significant drop in burglary cases from 54.0 incidents in 2020 to just 4.0 in 2022 could signal improved security measures or effective law enforcement strategies. However, larceny-theft, the most prevalent type of property crime, has generally trended downward from 85.0 incidents in 2018 to 26.0 in 2022, though not without occasional increases such as in 2020. Motor vehicle thefts have remained relatively steady but low, indicating a possibly minor concern for vehicle owners. These patterns may provide useful insights for potential investors, real estate professionals, or residents evaluating safety and security in Hertford County.
Demographics
Hertford County, North Carolina, shows a near-even split in its adult male and female populations, hinting at balanced gender representation. Education levels reveal more than a third of adults have attended some college without earning a degree, while high school graduates make up the largest single group. Age distribution data suggests the county has a significant concentration of residents aged 55 and older. The racial composition indicates that the majority of the population is Black or... Read more
Race Distribution in Hertford County, North Carolina (2022)
Educational Attainment in Hertford County, North Carolina (2022)
Age Distribution in Hertford County, North Carolina
Citizen Population in Hertford County, North Carolina (2022)
Political Trends & Data
In Hertford County, North Carolina, the 2020 U.S. Presidential Election saw a pronounced Democratic preference, with about 67% of the votes. Republicans secured roughly 33%, while minor parties collectively attained less than 1%. This trend suggests a robust Democratic influence, which could shape local and state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hertford County, North Carolina, the 2020 U.S. Presidential Election appeared to heavily lean towards the Democratic Party, with approximately 67% of the votes. Republicans garnered around 33%, indicating a significant skew in voter preference. Minor parties such as the Libertarians and Greens, along with other affiliations, had minimal impact, collectively securing less than 1% of the vote. This distribution might suggest a strong Democratic influence in the county, potentially shaping local and state-level political strategies.
32.72% of voters voted for the Republican party in the 2020 Presidential Election
66.74% of voters voted for the Democrat party in the 2020 Presidential Election
0.26% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Hertford County, North Carolina has hovered around fifteen to sixteen students per teacher, peaking at sixteen in recent years, above the national average of fourteen. Prospective investors and residents may want to consider this data when evaluating potential challenges in educational resources and individual student attention. This can impact perceptions of community quality and inform decisions on property investments and... Read more
Student-to-teacher ratio in Hertford County, North Carolina over the last 10 years
The student-to-teacher ratio in Hertford County, North Carolina, has fluctuated over the past decade, with values ranging from approximately fifteen to just over sixteen students per teacher. Notably, recent years such as 2020 and 2023 have seen higher ratios, peaking around sixteen, slightly above the national average of fourteen. For those considering investments, moving, or property development, a higher student-to-teacher ratio could indicate potential challenges in individual student attention and educational resources. Real estate agents and interested residents might need to weigh this data when assessing the quality of education and overall community appeal.
