Jackson County Real Estate and Livability Trends
Jackson County, North Carolina, has experienced notable trends that could shape its real estate market. Median home values surged from $171,900 in 2015 to $240,500 in 2022, outpacing both state and national averages. Property crime rates have dropped significantly, with burglary and larceny-theft incidents hitting new lows, which might make the area more attractive for real estate investments.... Read more
Jackson County Market Trends
Jackson County's median home values have spiked from $171,900 in 2015 to $240,500 in 2022, surpassing both North Carolina and national averages. Energy tax credits saw significant increases, reflecting a growing focus on energy-efficient upgrades, peaking at $2,400.00 in 2018. Real estate taxes doubled from $1,797.33 in 2012 to $3,679.71 in 2021, hinting at either rising property values or tax... Read more
Median Value of Occupied Housing Units in Jackson County, North Carolina Over the Last 8 Years
Jackson County's median home values have shown a significant upward trend over the past eight years, climbing from $171,900 in 2015 to $240,500 in 2022. This outpaces both the state of North Carolina and national averages, which rose to $234,900 and $179,400, respectively, in 2022. This suggests a strong and possibly growing demand for housing in Jackson County, making it an interesting option for potential investors or those looking to move to the area.
Residential Energy Tax Credit Per Tax Return in Jackson County, NC Over the Last 9 Years
Jackson County, North Carolina has experienced significant fluctuations in residential energy tax credits over the past nine years, indicating growing investments in energy-efficient improvements. The most notable spikes occurred in 2015 with an average credit of $1105.88, followed by a notable jump to $2400.00 in 2018. Despite the variability, recent years show a general upward trend with 2021 seeing an average credit of $1821.43. This might suggest that homeowners are increasingly prioritizing energy-efficient upgrades, a factor that could be attractive to potential investors and real estate agents. Moreover, these trends could imply a favorable landscape for appraisors and insurance agents to assess property values and risks associated with energy-efficiency initiatives.
Average Real Estate Taxes Per Tax Return in Jackson County, NC Over the Last 10 Years
Real estate taxes in Jackson County, North Carolina have notably increased over the past decade, with an approximate doubling from $1,797.33 in 2012 to $3,679.71 in 2021. A sharp rise is particularly observable starting in 2016, suggesting shifts in property values or tax policies. This trend could signal a robust local economy, potentially driving property investments, but may also be a caution for prospective homebuyers and investors regarding increasing expenses. Real estate agents, appraisers, and insurance agents might adjust their valuations and advisories considering these growing tax rates.
Percentage of Farm Returns in Jackson County, NC Over the Last 10 Years
Jackson County, North Carolina has seen a slight overall decline in the percentage of farm returns over the last decade, starting at 1.15% in 2012 and dipping to around 0.94% in 2021. Farm tax returns, which are a measure of agricultural activity, indicate how much local income is sourced from farming. Investors, developers, and residents may interpret these modest figures as reflective of limited agricultural opportunities or a shift towards other economic activities in the region. While there might not be a significant attraction for large-scale farm investments, the steady numbers suggest some level of resilience or niche farming presence.
Number of Mortgages by Occupancy Type in Jackson County, NC Over the Last 5 Years in Jackson County
Jackson County, North Carolina has seen notable fluctuations in mortgage counts across different occupancy types over the past five years. The most common mortgaged properties are principal residences, peaking at 2,175 in 2021, but saw a sharp decline to 1,521 in 2022. Second residences experienced similar trends, with numbers rising to 915 in 2021 before dropping to 480 in 2022. Investment properties had a less volatile trend but remained an essential segment, revealing a potential niche market. For investors, understanding these trends is crucial, as shifts in principal and second residence mortgages indicate changing demand dynamics. Builders and real estate agents can capitalize on this data to target the right segments, while appraisers and insurance agents need to factor in these trends for accurate valuations and risk assessments.
Economic Outlook
Jackson County, North Carolina, has seen a steady rise in average taxable income per tax return, climbing from $42,968.25 in 2013 to $65,760.19 in 2021. This suggests increasing local affluence, which may boost demand for quality housing and amenities. Meanwhile, average state and local income taxes have nearly tripled over the past decade, peaking at $15,587.88 in 2021, possibly reflecting broader economic changes and rising income levels. Similarly, total tax liability per tax return has more... Read more
Average Taxable Income per Tax Return in Jackson County, NC over the last 9 years
Over the past nine years, average taxable income per tax return in Jackson County, North Carolina has shown a steady increase from $42,968.25 in 2013 to $65,760.19 in 2021. Prospective investors, real estate agents, and property developers might find the consistent rise significant, implying an upward trend in affluence within the community. This could correlate with a higher demand for quality housing and amenities, potentially driving profitable ventures and investment opportunities in the area.
Average State and Local Income Taxes Per Tax Return in Jackson County, NC Over the Last 10 Years
Over the past decade, Jackson County, North Carolina has seen a significant increase in average state and local income taxes per tax return. Between 2012 and 2021, average taxes have nearly tripled from approximately $5,489.63 to $15,587.88. This sharp rise particularly accelerated post-2017, coinciding with broader economic changes. Such a trend is crucial for investors, real estate developers, and insurers as it indicates rising income levels and potentially greater financial resources within the community. Understanding this dynamic can help in making more informed decisions regarding property valuations and investments in the area.
Average Total Tax Liability Per Tax Return in Jackson County, NC Over the Last 10 Years
Over the last decade, Jackson County in North Carolina has seen a notable upward trend in average total tax liability per tax return, reaching $10,426.61 by 2021. Significant increases in tax liability from 2012's $5,831.60 suggest economic changes impacting household finances, possibly reflecting growing incomes, property values, or changes in tax legislation. Prospective investors, real estate agents, and property developers might view this as indicative of a robust local economy, while appraisers and insurance agents should consider the implications for property valuations and premiums.
Cost of Living in Jackson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,041 | $1,375 | $2,023 | $1,620 | $1,353 |
| 1 adult 4 children | $1,041 | $1,123 | $1,549 | $1,620 | $1,462 |
| 2 adults 3 children | $1,041 | $1,124 | $1,754 | $1,620 | $1,109 |
| 1 adult 3 children | $1,041 | $917 | $1,280 | $1,620 | $1,173 |
| 2 adults 2 children | $778 | $920 | $1,485 | $1,384 | $902 |
| 1 adult 2 children | $778 | $687 | $1,011 | $1,384 | $853 |
| 2 adults 1 child | $778 | $727 | $1,217 | $615 | $755 |
| 1 adult 1 child | $778 | $470 | $743 | $615 | $625 |
| 2 adults | $689 | $584 | $948 | $0 | $630 |
| 1 adult | $674 | $319 | $474 | $0 | $558 |
Safety trends & Data
Jackson County, North Carolina, has seen a substantial decrease in property crimes over the past five years, with burglary incidents plummeting from 69.0 in 2018 to just 21.0 in 2022 and larceny-theft dropping from 124.0 to 48.0 in the same period. Motor vehicle thefts also hit a low of 1.0 case in 2022. This improved safety could make the area more appealing for real estate investments and could bolster property values, offering potential rewards for homeowners, investors, appraisers, and... Read more
Property Crime Trends in Jackson County, NC Over the Last 5 Years
Over the past five years, Jackson County, North Carolina, has experienced a notable decrease in property crimes. Burglary incidents dropped from 69.0 in 2018 to 21.0 in 2022, and larceny-theft saw a similar decline, from 124.0 in 2018 to 48.0 in 2022. Motor vehicle thefts, while fewer overall, trended downward, reaching a low of 1.0 case in 2022. This downward trend in crimes such as vandalism and fraud could indicate increasing safety and stability in the area, factors that might attract real estate investments and influence property values positively. This trend could be especially relevant for potential homeowners, investors, appraisers, and local residents considering the long-term prospects of their community.
Demographics
Jackson County, North Carolina, displays a balanced male and female adult population. Educational attainment highlights a notable portion of residents with some college education, high school diplomas, and a significant number holding Bachelor’s and graduate or professional degrees. Age distribution suggests a mixed population with a noticeable concentration of young adults in their early twenties, as well as a substantial portion of residents aged 55 and above. Racial demographics indicate a... Read more
Race Distribution in Jackson County, North Carolina (2022)
Educational Attainment in Jackson County, North Carolina (2022)
Age Distribution in Jackson County, North Carolina
Citizen Population in Jackson County, North Carolina (2022)
Political Trends & Data
In Jackson County, North Carolina, the 2020 U.S. Presidential Election results showed a lean towards the Republican Party with about 53% of the votes. However, with Democrats securing nearly 45% of the vote, this suggests a competitive political environment. Third-party candidates, including Libertarians, collectively achieved around 1%, indicating minimal impact on the overall... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Jackson County, North Carolina, the 2020 U.S. Presidential Election saw a slight lean towards the Republican Party, claiming approximately 53% of the votes. Democrats trailed with nearly 45%, while third-party candidates collectively garnered a negligible share, with Libertarians at around 1% and other minor parties barely making a dent. This voting pattern might suggest a generally conservative tilt in the county, but the relatively significant percentage for the Democratic Party could indicate a competitive political landscape.
53.00% of voters voted for the Republican party in the 2020 Presidential Election
44.76% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% of voters voted for the Livertarian party in the 2020 Presidential Election
0.48% of voters voted for the Green party in the 2020 Presidential Election
0.57% of voters voted for the Other party in the 2020 Presidential Election
School Data
Jackson County, North Carolina, has seen its student-to-teacher ratio improve significantly, dropping from nearly 16 to just under 14 students per teacher over the past decade. This shift could make the area more attractive to families, potentially pushing up property values. For real estate professionals and investors, stronger community support for education may indicate promising long-term development and stability in the... Read more
Student-to-teacher ratio in Jackson County, North Carolina over the last 10 years
Jackson County, North Carolina, has seen a noticeable improvement in its student-to-teacher ratio over the past decade. From a high of almost 16 students per teacher seven years ago, current figures are below 14, just slightly under the national average of 14 students per teacher. This shift might suggest enhanced attention to individualized instruction, potentially increasing the appeal for families considering moving to the area and positively influencing property values. For educators, investors, and real estate professionals, these changes could signal stronger community support for education, which is often crucial for long-term area development and stability.
