Hyde County Real Estate and Livability Trends
Hyde County, North Carolina has seen fluctuating but generally increasing average taxable incomes, peaking at $56,696.45 in 2021, indicating potential economic growth. Significant variability in median home values—from a low of $75,600.00 in 2016 to a high of $141,500.00 in 2019—suggests an evolving real estate market. Increased residential energy tax credits and upward trends in mortgages... Read more
Hyde County Market Trends
Hyde County, North Carolina has experienced significant fluctuations in median home values, hitting a high of $141,500.00 in 2019 and a low of $75,600.00 in 2016, compared to a consistently higher state median, which reached $234,900.00 in 2022. Real estate taxes in the county have shown variability, with average taxes per tax return spiking notably in 2018 and 2020, indicating a dynamic market.... Read more
Median Value of Occupied Housing Units in Hyde County, North Carolina Over the Last 8 Years
Over the last eight years, Hyde County, North Carolina has seen significant fluctuations in median home values, with a high of $141,500 in 2019 and a low of $75,600 in 2016. In contrast, North Carolina's state median values consistently exceeded Hyde County’s, peaking at $234,900 in 2022. National trends also show a steady increase, culminating at $179,400 in 2022. These variations suggest that while Hyde County offers more affordable housing options compared to broader state and national markets, it may also present more investment volatility.
Residential Energy Tax Credit Per Tax Return in Hyde County, NC Over the Last 3 Years
Over the past three years, Hyde County, North Carolina has seen a steady increase in the average residential energy tax credit per tax return. From $250.00 in 2013 to $300.00 in both 2014 and 2016, this trend suggests growing investment in energy-efficient improvements among homeowners. Such incentives can make the area more attractive to potential buyers looking to save on energy costs, and can also be a signal for real estate agents to highlight energy efficiency when marketing properties. This can also influence appraisals and insurance policies as energy-efficient homes may carry different values and risks.
Average Real Estate Taxes Per Tax Return in Hyde County, NC Over the Last 10 Years
Over the past decade, Hyde County, North Carolina has seen fluctuating average real estate taxes per tax return, with notable spikes in 2018 at $3,387.50 and 2020 at $3,183.33. Early years like 2012 and 2013 show figures around $2,400, while more recent years reveal somewhat higher ranges, settling at $2,820.00 in 2021. This variability may suggest a dynamic local real estate market that could be influenced by multiple factors, potentially impacting investment decisions and living costs.
Percentage of Farm Returns in Hyde County, NC Over the Last 10 Years
Farm tax returns in Hyde County, North Carolina, have shown a slight yet noticeable fluctuation over the past decade. Starting at 3.30% in 2012, there's a general downward trend with minor peaks, dipping as low as 2.40% in 2018 and rising again to 2.88% in 2019. By 2021, the percentage of farm returns settled around 2.58%. These numbers indicate a potential decline in farming activity or profitability, which could impact those considering investments in agriculture, property development, or relocation decisions. Understanding these trends could be crucial for making informed decisions about the economic viability of the area.
Number of Mortgages by Occupancy Type in Hyde County, NC Over the Last 5 Years in Hyde County
The data shows a discernible rise in mortgages for principal residences in Hyde County, North Carolina over the past five years, peaking in 2021 with 156 mortgages. Mortgages for investment properties and second residences have also increased, but at a steadier pace. Understanding these trends in occupancy types is crucial, as shifts toward principal residences can imply a stronger community stability and long-term investment potential. This information helps investors, real estate agents, and insurers gauge the area's demand dynamics and risk factors. Real estate developers and appraisers might also find these trends useful for projecting future growth and valuing properties.
Economic Outlook
Hyde County, North Carolina has shown fluctuating but generally increasing trends in average taxable income per tax return over the past decade, peaking notably at $56,696.45 in 2021. This could indicate economic resilience and growth opportunities, making the county attractive for real estate investments. The average state and local income taxes also hit a high of $8,000.00 in 2021, despite notable fluctuations over the decade. Total tax liabilities follow a similarly variable trend, peaking... Read more
Average Taxable Income per Tax Return in Hyde County, NC over the last 9 years
Over the past nine years, Hyde County, North Carolina, has shown fluctuating but generally increasing trends in average taxable income per tax return, peaking significantly in 2021 at $56,696.45. Such trends might signal economic resilience and growth opportunities, making the county potentially attractive for real estate investments and providing a stronger basis for property appraisals. The noticeable jump in 2021 could also point to changing economic dynamics possibly driven by external factors like the pandemic, which should be explored further by insurance agents and investors alike.
Average State and Local Income Taxes Per Tax Return in Hyde County, NC Over the Last 10 Years
Over the last decade in Hyde County, North Carolina, average state and local income taxes per tax return have shown notable fluctuations. Figures peaked at $8,000.00 in 2021, reflecting a general upward trend with occasional dips, such as the sharp decrease to $5,172.41 in 2015 and another drop in 2017 to $5,060.71. These shifts indicate varying economic conditions and tax policies that potential investors, property developers, and residents should consider when evaluating the area's financial landscape.
Average Total Tax Liability Per Tax Return in Hyde County, NC Over the Last 10 Years
Over the last decade, Hyde County, North Carolina has seen fluctuating average total tax liabilities per tax return, peaking surprisingly high at $8,162.75 in 2021. Trends generally reveal minor dips in years like 2015 and 2019 with liabilities around $5,884.83 and $5,242.75 respectively, but the overall pattern reflects a climb from 2012's $6,324.65. This ebb and flow in tax liabilities might interest investors, appraisers, and real estate agents aiming to strategize their fiscal plans in the county. For those looking to move or build property, understanding these financial shifts could provide valuable insights into Hyde County’s economic fluctuations and potential impacts on property values.
Cost of Living in Hyde County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,011 | $1,713 | $2,466 | $1,579 | $1,737 |
| 1 adult 4 children | $1,011 | $1,399 | $1,891 | $1,579 | $1,784 |
| 2 adults 3 children | $1,011 | $1,400 | $2,137 | $1,579 | $1,411 |
| 1 adult 3 children | $1,011 | $1,143 | $1,562 | $1,579 | $1,443 |
| 2 adults 2 children | $786 | $1,146 | $1,808 | $1,358 | $1,100 |
| 1 adult 2 children | $786 | $856 | $1,233 | $1,358 | $1,062 |
| 2 adults 1 child | $786 | $905 | $1,479 | $641 | $927 |
| 1 adult 1 child | $786 | $585 | $904 | $641 | $744 |
| 2 adults | $633 | $727 | $1,150 | $0 | $735 |
| 1 adult | $629 | $397 | $575 | $0 | $609 |
Demographics
Hyde County, North Carolina, reveals a balanced gender distribution, with nearly equal male and female adult populations. Educational attainment shows a significant portion of residents with high school diplomas, but only a small fraction hold graduate or professional degrees, reflecting possibly limited higher education access or opportunities. The age demographics illustrate a predominance of adults in the 35-64 age range, suggesting a mature workforce. The racial makeup is predominantly... Read more
Race Distribution in Hyde County, North Carolina (2022)
Educational Attainment in Hyde County, North Carolina (2022)
Age Distribution in Hyde County, North Carolina
Citizen Population in Hyde County, North Carolina (2022)
Political Trends & Data
Hyde County, North Carolina saw a strong Republican leaning in the 2020 U.S. Presidential Election, with around 57% of votes. Democrats lagged behind with just under 42%, and minor parties drew less than 1%. These voting patterns imply a significant partisan divide, with little room for third-party growth, which could impact local policy decisions and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Hyde County, North Carolina exhibited a strong leaning towards the Republican party, with approximately 57% of the votes cast in their favor. Democrats secured just under 42%, indicating a notable partisan gap. Minor parties, including the Libertarians and Greens, garnered minimal support, collectively earning less than 1% of the vote. This distribution might suggest entrenched partisan preferences in this region, with third-party influence remaining limited.
56.90% of voters voted for the Republican party in the 2020 Presidential Election
41.97% of voters voted for the Democrat party in the 2020 Presidential Election
0.68% 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
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hyde County, North Carolina, has seen its student-to-teacher ratio decrease from 10 in 2014 to 9 in 2023, remaining below the US national average of 14. This suggests students likely receive more individualized attention, which could appeal to families prioritizing education. Real estate agents might highlight this as a local advantage, while home builders and investors focus on community desirability. This trend could also be relevant for appraisers and insurance agents evaluating property... Read more
Student-to-teacher ratio in Hyde County, North Carolina over the last 10 years
Over the past ten years, Hyde County, North Carolina has seen a gradual decline in its student-to-teacher ratio, dropping from 10 students per teacher in 2014 to 9 in 2023. This figure consistently remains below the US national average of 14 students per teacher, suggesting that students in Hyde County likely receive more individualized attention compared to many other areas. This trend could be particularly appealing for families prioritizing education, real estate agents highlighting local advantages, and potential home builders or investors focused on community desirability. Additionally, appraisers and insurance agents might note these ratios when evaluating property values and community risk factors, respectively.
