Hoke County Real Estate and Livability Trends
Hoke County, North Carolina’s real estate market reveals a promising landscape with median home values climbing from $141,500 in 2015 to $177,500 in 2022, notably below the state median of $234,900. Increased investments in energy-efficient homes are apparent, with residential energy tax credits surging from $422.45 in 2013 to $1,706.25 in 2021. Real estate taxes peaked at $3,098.91 in 2020,... Read more
Hoke County Market Trends
Hoke County, North Carolina has experienced a notable rise in median home values, rebounding from $141,500 in 2015 to $177,500 in 2022, making it an attractive option compared to the state median of $234,900. Residential energy tax credits have surged from $422.45 in 2013 to $1,706.25 in 2021, suggesting increased investment in energy-efficient homes. Real estate taxes also rose from $1,653.64 in... Read more
Median Value of Occupied Housing Units in Hoke County, North Carolina Over the Last 8 Years
Investors and homebuyers should take note of Hoke County, North Carolina, where the median home values have seen an upward trajectory in recent years. Starting at $141,500 in 2015, the median home value dipped slightly but rebounded strongly, reaching $177,500 in 2022. Compared to the state of North Carolina, where the 2022 median was $234,900, and the national median of $179,400, Hoke County's affordability could be a compelling draw. This increasing yet relatively affordable trend might appeal to those looking to invest or settle down in this part of North Carolina.
Residential Energy Tax Credit Per Tax Return in Hoke County, NC Over the Last 9 Years
Hoke County, North Carolina has witnessed a significant upward trend in residential energy tax credits per tax return over the past nine years, with values increasing from $422.45 in 2013 to $1,706.25 by 2021. This growth indicates a rising investment in energy-efficient home improvements, which could be a valuable factor for potential investors, homeowners, and real estate professionals to consider. For appraisers and insurance agents, stronger home valuations and potentially lower risk profiles could be inferred from these energy efficiency upgrades.
Average Real Estate Taxes Per Tax Return in Hoke County, NC Over the Last 10 Years
Hoke County, North Carolina has experienced a noticeable increase in real estate taxes per tax return over the past decade, starting from approximately $1,653.64 in 2012 and peaking at $3,098.91 in 2020. This upward trend, despite a dip to $2,650.00 in 2021, suggests a growing valuation in property which could imply a flourishing real estate market. Investors and property developers might find this trend appealing as it seems to indicate rising property values, while potential homeowners might want to prepare for higher long-term property tax commitments.
Percentage of Farm Returns in Hoke County, NC Over the Last 10 Years
Over the past decade, Hoke County, North Carolina has seen a fluctuating yet generally declining trend in the percentage of farm returns, starting at 0.77% in 2012 and dropping to around 0.57% by 2021. Farm tax returns reflect the financial viability and scale of agricultural enterprises within the county, providing a lens on the economic health of its rural spaces. For those considering investment, relocation, or development in Hoke County, the downward trend might indicate shifting economic foundations or evolving land use patterns, potentially influencing property values and local economic opportunities.
Number of Mortgages by Occupancy Type in Hoke County, NC Over the Last 5 Years in Hoke County
In Hoke County, North Carolina, the number of mortgages for principal residences has consistently outnumbered those for investment properties and second residences over the past five years. There's an evident surge in principal residence mortgages, peaking at 5,380 in 2021 before experiencing a decline in 2022. Investment properties show a slight growth until 2020 but dropped notably in 2022. Second residences have remained low and relatively stable. Shifts in occupancy type can impact market dynamics, influencing property values, rental yields, and overall demand. Investors, appraisers, and real estate agents might find these trends useful to gauge the economic vitality and residential appeal of the area, while those considering moving can better assess their options.
Economic Outlook
Average taxable income per tax return in Hoke County, North Carolina has gradually risen from $40,108.57 in 2013 to $50,152.14 in 2021, suggesting incremental income growth and economic stability. State and local income taxes followed a similar upward trend despite some mid-decade dips, climbing from about $4,024.88 in 2012 to $5,024.44 in 2021. Additionally, total tax liability per tax return increased from approximately $4,669.08 in 2012 to $5,659.14 in 2021, indicating potentially higher... Read more
Average Taxable Income per Tax Return in Hoke County, NC over the last 9 years
Over the past nine years, average taxable income per tax return in Hoke County, North Carolina appears to have experienced gradual growth. Starting at $40,108.57 in 2013, there are slight but consistent annual increases, reaching $50,152.14 in 2021. Investors and potential residents might find this trend indicative of economic stability and incremental income growth within the region. This could be a promising sign for real estate agents, appraisers, and insurance agents as they assess the market's trajectory and potential client base.
Average State and Local Income Taxes Per Tax Return in Hoke County, NC Over the Last 10 Years
Average state and local income taxes per tax return in Hoke County, North Carolina have shown a general upward trend over the last decade, with notable fluctuations. Starting at approximately $4,024.88 in 2012, the taxes saw a dip in mid-decade but rebounded significantly, reaching about $5,024.44 in 2021. This matters for prospective investors, residents, and real estate professionals as it highlights the evolving tax landscape, impacting cost of living and potential returns on investment in the region.
Average Total Tax Liability Per Tax Return in Hoke County, NC Over the Last 10 Years
Hoke County, North Carolina has witnessed a generally increasing trend in the average total tax liability per tax return over the last decade, rising from approximately $4,669.08 in 2012 to roughly $5,659.14 in 2021. Notably, there have been some fluctuations, but a clear upward trajectory is prevalent. This financial pattern suggests that local economic activities and property values could potentially be on the rise, with tax increments reflecting increased earnings or higher property assessments. This information is pivotal for potential investors, real estate agents, and those considering relocation, as it gives insight into economic growth and fiscal responsibilities in the region.
Cost of Living in Hoke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,238 | $1,371 | $1,981 | $1,287 | $1,316 |
| 1 adult 4 children | $1,238 | $1,120 | $1,515 | $1,287 | $1,423 |
| 2 adults 3 children | $1,238 | $1,120 | $1,719 | $1,287 | $1,077 |
| 1 adult 3 children | $1,238 | $915 | $1,253 | $1,287 | $1,139 |
| 2 adults 2 children | $871 | $917 | $1,456 | $1,135 | $864 |
| 1 adult 2 children | $871 | $685 | $991 | $1,135 | $805 |
| 2 adults 1 child | $871 | $725 | $1,194 | $641 | $794 |
| 1 adult 1 child | $871 | $468 | $728 | $641 | $667 |
| 2 adults | $662 | $582 | $932 | $0 | $621 |
| 1 adult | $657 | $318 | $466 | $0 | $556 |
Safety trends & Data
In Hoke County, North Carolina, property crime trends over the past five years show variability, with significant fluctuations in larceny-theft and burglary incidents. Larceny-theft spiked to 37 incidents in 2018 but dropped to 8 in 2019. Burglary incidents peaked at 34 in 2018 and dwindled to single digits in 2019 and 2020. These crime trends may impact property and insurance considerations, potentially affecting investment and real estate dynamics in the... Read more
Property Crime Trends in Hoke County, NC Over the Last 5 Years
In the past five years, property crime in Hoke County, North Carolina, has shown variability with certain categories like larceny-theft ranging from a low of 8 incidents in 2019 to a high of 37 incidents in 2018. Burglary also saw significant fluctuations, peaking at 34 incidents in 2018 but falling to single digits in 2019 and 2020 before rising again. The occurrences of fraud seem relatively consistent but low, while motor vehicle theft remains particularly rare, peaking at just 3 incidents. These crime trends could influence property and insurance considerations, as well as affect overall investment and real estate dynamics in the county.
Demographics
Hoke County, North Carolina exhibits a roughly balanced gender distribution, slightly favoring females. The educational attainment reveals a diverse range, with a notable segment holding just a high school diploma or some college education, while a smaller portion has advanced degrees. The age distribution skews younger, with significant groups under 35. Racially, the county is predominantly White and Black or African American, but there's considerable diversity reflected through minority... Read more
Race Distribution in Hoke County, North Carolina (2022)
Educational Attainment in Hoke County, North Carolina (2022)
Age Distribution in Hoke County, North Carolina
Citizen Population in Hoke County, North Carolina (2022)
Political Trends & Data
Hoke County, North Carolina, showed a preference for Democratic candidates in the 2020 U.S. Presidential Election with approximately 54.5% of the vote, while the Republican party received around 43.7%. Minor parties like the Libertarian and Green barely made any impact, securing roughly 1.2% and 0.2%... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hoke County, North Carolina, the 2020 U.S. Presidential Election results showed a slight preference for the Democratic party at approximately 54.5%, with the Republican party trailing at around 43.7%. Minor parties like the Libertarian and Green barely made a dent, each capturing roughly 1.2% and 0.2% of the vote, respectively. Other parties combined garnered about 0.3%. These trends could suggest a leaning towards Democratic candidates in this county during this election cycle.
43.69% of voters voted for the Republican party in the 2020 Presidential Election
54.55% 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
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Hoke County, North Carolina has seen minor fluctuations over the past decade, typically sitting just above the national average of 14 students per teacher. Notably, the ratio peaked at 15.49 in 2015 and reached a low of 13.8 in 2021, stabilizing at 14.85 in 2023. These shifts could reflect changes in teacher availability or classroom size reduction efforts, which are crucial for families, educators, and policymakers to consider in terms of educational quality and... Read more
Student-to-teacher ratio in Hoke County, North Carolina over the last 10 years
The student-to-teacher ratio in Hoke County, North Carolina has fluctuated modestly over the last decade, generally hovering a bit above the national average of 14 students per teacher. Ratios peaked at around 15.49 in 2015 and dropped to a low of 13.8 in 2021 before stabilizing to 14.85 in 2023. These variations could potentially impact educational quality and resource allocation, making it a pertinent consideration for families, educators, and policymakers. Lower ratios in particular years may indicate improved teacher availability or efforts to reduce class sizes, whereas higher ratios could suggest strain on educational resources.
