Iredell County Real Estate and Livability Trends
Iredell County, North Carolina has seen a substantial rise in median home values, jumping from $166,300 in 2015 to $261,200 in 2022, surpassing state and national averages. The increase in real estate taxes per tax return, now at $4,658.60 as of 2021, indicates higher property valuations. Meanwhile, fluctuations in residential energy tax credits highlight a growing interest in energy-efficient... Read more
Iredell County Market Trends
Iredell County, North Carolina, has experienced a significant rise in median home values, climbing from $166,300 in 2015 to $261,200 in 2022, outpacing both the state and national averages. Fluctuations in residential energy tax credits, peaking at $2,871.43 in 2018, suggest heightened interest in energy-efficient investments. Real estate taxes per tax return have also seen a steady increase,... Read more
Median Value of Occupied Housing Units in Iredell County, North Carolina Over the Last 8 Years
Iredell County, North Carolina has seen a sharp rise in median home values over the past eight years, from $166,300 in 2015 to $261,200 in 2022. This growth outpaces both the state average of $234,900 and the national average of $179,400 for 2022, signaling a potential hotspot for real estate investment or relocation. For those considering moving to or investing in Iredell County, this steady increase may indicate a robust housing market with potentially higher returns.
Residential Energy Tax Credit Per Tax Return in Iredell County, NC Over the Last 9 Years
Iredell County, North Carolina has seen notable fluctuations in residential energy tax credits per tax return over the past nine years. Starting from a modest average of around $347.26 in 2013, the credits experienced a substantial spike to $2,871.43 in 2018, highlighting a potential surge in energy-efficient investments or policy changes during that period. Although the average credit tapered off slightly in subsequent years, it remains relatively high at $1,433.88 in 2021. This trend may suggest an increasing awareness and adoption of sustainable energy practices among residents, creating opportunities for investors, appraisers, and real estate agents focused on green properties.
Average Real Estate Taxes Per Tax Return in Iredell County, NC Over the Last 10 Years
Over the past decade, Iredell County, North Carolina, has seen a notable increase in average real estate taxes per tax return. Starting at approximately $2,486.92 in 2012, these taxes have risen steadily, reaching close to $4,658.60 by 2021. Particularly sharp increases were observed between 2017 and 2018, as well as between 2018 and 2019. This trend suggests a growing valuation of properties in the area, which may be significant for potential investors and current homeowners, impacting both property value assessments and insurance premiums.
Percentage of Farm Returns in Iredell County, NC Over the Last 10 Years
The percentage of farm tax returns in Iredell County, North Carolina, has shown a gradual decline over the last decade, decreasing from approximately 1.53% in 2012 to around 1.03% in 2021. This trend might indicate a shift away from traditional farming or suggest that fewer people are filing farm-specific tax returns. For those considering investments or property development in Iredell County, this could hint at changing land use patterns and possibly open up opportunities for different types of commercial or residential development. Understanding these trends could be crucial for stakeholders to make informed decisions about land utilization and future growth potential in the area.
Number of Mortgages by Occupancy Type in Iredell County, NC Over the Last 5 Years in Iredell County
Iredell County, North Carolina has seen varied trends in its mortgage market over the past five years. Principal residences dominate the market, but investment properties and second residences show nuanced shifts. The peak in principal residence mortgages in 2021 indicates increased homebuying interest or availability, while investment properties saw a dip in 2022 after a surge in 2021, possibly reflecting changing investor confidence or market conditions. Understanding these trends is crucial for investors assessing market stability, real estate agents gauging demand, and insurance agents evaluating risk profiles, all of which influence property valuations and potential returns.
Economic Outlook
Iredell County, North Carolina, has experienced a strong upward trend in average taxable income, rising from $60,963.61 in 2013 to $94,379.26 in 2021, potentially signaling a robust economic environment. However, the county has also seen a steady increase in average state and local income taxes, climbing from approximately $7,914.90 in 2012 to $17,203.83 by 2021, which could impact cost of living and investment decisions. Additionally, while the average total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Iredell County, NC over the last 9 years
Over the past nine years, Iredell County, North Carolina, has seen a generally upward trend in average taxable income per tax return, reaching $94,379.26 in 2021 from $60,963.61 in 2013. This pattern suggests a strengthening economic environment, likely making the area attractive for potential investors, real estate agents, and those looking to build or appraise property. The rise in income could signal improved job opportunities and quality of life, possibly appealing to newcomers and insurance agents looking to assess market risks.
Average State and Local Income Taxes Per Tax Return in Iredell County, NC Over the Last 10 Years
The average state and local income taxes per tax return in Iredell County, North Carolina, have shown a significant upward trend over the last decade. Starting at approximately $7,914.90 in 2012, the taxes increased consistently, reaching around $17,203.83 by 2021. This notable rise, particularly sharp after 2017, potentially indicates an evolving economic landscape and heightened fiscal requirements in the area. This trend could be crucial for investors, new residents, appraisers, insurance agents, property developers, and real estate agents in making informed decisions about the financial climate and cost of living in Iredell County.
Average Total Tax Liability Per Tax Return in Iredell County, NC Over the Last 10 Years
Over the past decade, Iredell County, North Carolina has seen a noticeable upward trend in average total tax liability per tax return, growing from $10,711.24 in 2012 to $17,944.82 in 2021. This trend suggests an increase in either income levels or property values, impacting potential investments, real estate appraisals, and insurance considerations. For those looking to move, invest, or work within the local real estate market, understanding these shifts offers valuable insights into economic health and cost expectations within the county.
Cost of Living in Iredell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,395 | $1,520 | $1,825 | $1,544 | $1,532 |
| 1 adult 4 children | $1,395 | $1,241 | $1,395 | $1,544 | $1,647 |
| 2 adults 3 children | $1,395 | $1,242 | $1,584 | $1,544 | $1,274 |
| 1 adult 3 children | $1,395 | $1,014 | $1,154 | $1,544 | $1,396 |
| 2 adults 2 children | $1,034 | $1,017 | $1,343 | $1,362 | $1,020 |
| 1 adult 2 children | $1,034 | $759 | $912 | $1,362 | $1,020 |
| 2 adults 1 child | $1,034 | $803 | $1,102 | $769 | $918 |
| 1 adult 1 child | $1,034 | $519 | $671 | $769 | $770 |
| 2 adults | $915 | $645 | $860 | $0 | $721 |
| 1 adult | $896 | $352 | $430 | $0 | $640 |
Safety trends & Data
Over the last five years, property crime trends in Iredell County, North Carolina, display a mixed pattern. Larceny-theft, the most frequently reported crime, has significantly decreased from 461.00 cases in 2018 to 239.00 in 2022. Burglary also dropped from 111.00 instances in 2018 to 65.00 in 2022. However, arson and motor vehicle theft trends remain erratic, with arson peaking at 10.00 incidents in 2020 and motor vehicle theft showing a modest increase. Notably, fraud incidents spiked at... Read more
Property Crime Trends in Iredell County, NC Over the Last 5 Years
Over the last five years, property crime trends in Iredell County, North Carolina, show a mixed pattern. Larceny-theft remains the most frequently reported crime, though its occurrence has significantly decreased from 461.00 cases in 2018 to 239.00 in 2022. Burglary has also seen a noticeable decline from 111.00 instances in 2018 to 65.00 in 2022. On the other hand, arson and motor vehicle theft displayed erratic trends, with arson peaking at 10.00 incidents in 2020 before dropping, and motor vehicle theft showing a modest increase over the period. Interestingly, fraud incidents surged in 2018 at 183.00 but have since dropped and stabilized around 70-91 annually. For potential investors and residents, these trends indicate improving safety, especially regarding higher-incidence crimes like theft and burglary.
Demographics
In Iredell County, North Carolina, females slightly outnumber males in the adult population, indicating a potential slight skew in gender representation. The educational attainment shows a significant portion of adults have achieved at least some college education, with high school graduates and individuals with bachelor's degrees making up notable portions. Age distribution reveals a balanced spread across different age ranges, yet those aged 45 to 54 years form the largest cohort, hinting at... Read more
Race Distribution in Iredell County, North Carolina (2022)
Educational Attainment in Iredell County, North Carolina (2022)
Age Distribution in Iredell County, North Carolina
Citizen Population in Iredell County, North Carolina (2022)
Political Trends & Data
Iredell County in North Carolina leaned strongly Republican in the 2020 U.S. Presidential Election, with around 65% of votes perhaps supporting the GOP. Democrats secured about 33%, suggesting a notable but smaller base. Minor parties like the Libertarians and Greens had negligible impact, each getting less than 1%. This could imply a dominant conservative influence in the county, with third-party candidates having limited... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Iredell County in North Carolina leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 65% of the vote potentially supporting the GOP. Democrats garnered about 33%, indicating a significant but likely smaller base. Minor parties like the Libertarians and Greens had minimal impact, each securing less than 1% of the vote. These trends might suggest a strong conservative presence in the county, with limited influence from third-party candidates.
65.46% of voters voted for the Republican party in the 2020 Presidential Election
33.10% of voters voted for the Democrat party in the 2020 Presidential Election
0.89% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Iredell County, North Carolina has seen fluctuations, starting at nearly twenty students per teacher in 2014 and then dropping to around sixteen from 2015-2020, but ticking back up to eighteen in 2023—higher than the national average of fourteen. These trends might influence family decisions and property values, as lower ratios often attract families who prioritize education, potentially increasing housing demand in such... Read more
Student-to-teacher ratio in Iredell County, North Carolina over the last 10 years
Over the past decade, the student-to-teacher ratio in Iredell County, North Carolina has shown significant fluctuations. Starting at nearly twenty students per teacher in 2014, the ratio decreased to around sixteen from 2015 through 2020, reflecting efforts to reduce class sizes. However, recent years have seen an uptick, with 2023 reporting nearly eighteen students per teacher, still higher than the national average of fourteen. Investors, developers, and real estate agents might consider how these educational trends impact family decisions, property values, and community development. Lower ratios typically appeal to families prioritizing education, potentially driving demand for housing in areas with better ratios.
