Lee County Real Estate and Livability Trends
Lee County, North Carolina's real estate market shows a notable rise in average taxable income from $46,229.24 in 2013 to $70,294.39 by 2021, hinting at economic growth driven by local business expansion and employment opportunities. This economic upswing is mirrored in median home values, climbing from $136,900 in 2015 to $186,000 in 2022, suggesting market stability. Real estate taxes and... Read more
Lee County Market Trends
Lee County, North Carolina has seen relatively steady growth in median home values, rising from $136,900 in 2015 to $186,000 in 2022, which might indicate market stability compared to the more volatile national and state trends. Real estate taxes have nearly doubled in the past decade, reaching $4,131.54 in 2021, highlighting potential changes in property valuations or tax rates. Investment in... Read more
Median Value of Occupied Housing Units in Lee County, North Carolina Over the Last 8 Years
Housing prices in Lee County, North Carolina have exhibited a slower growth compared to both state and national trends. The median home value in Lee County went from $136,900 in 2015 to $186,000 in 2022. In contrast, North Carolina saw an increase from $154,900 to $234,900, while nationally, it went from $125,500 to $179,400 over the same period. This relatively tempered growth in Lee County might suggest more stability or potentially more value for buyers looking for less volatile markets.
Residential Energy Tax Credit Per Tax Return in Lee County, NC Over the Last 9 Years
Lee County, North Carolina has seen notable fluctuations in residential energy tax credits per tax return over the past nine years, suggesting varying investment levels in energy-efficient home improvements. After a relatively stable period from 2013 to 2016, substantial spikes were observed, particularly in 2018 with an impressive $2375.00 average per return and another peak in 2021 at $1745.45. These increases could indicate growing homeowner awareness and adoption of energy-efficient technologies, possibly driven by favorable policies or market incentives. This trend may interest potential investors, appraisers, and real estate agents considering the long-term value addition through energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Lee County, NC Over the Last 10 Years
Average real estate taxes per tax return in Lee County, North Carolina have seen a noticeable upward trend over the last ten years, with an increase from $2,407.16 in 2012 to $4,131.54 in 2021. The most significant jump appears between 2017 and 2018, where taxes rose by nearly $1,000.00, potentially indicating a shift in property valuations or tax rates. This trend could affect investment decisions, property values, and insurance premiums, making it essential for stakeholders to consider these rising costs when planning their financial activities or assessing the market's stability.
Percentage of Farm Returns in Lee County, NC Over the Last 10 Years
Lee County, North Carolina has seen a notable decline in farm tax returns over the past decade, from 1.12% in 2012 to 0.89% in 2021. These returns, which are filed by farmers to report income and expenses, generally indicate the level of agricultural activity and economic health of farming in the region. This trend suggests that agriculture might be shrinking as a primary economic activity, which could impact decisions related to investments, property development, or relocation to the area. For those with stakes in agriculture or rural development, it might be prudent to consider how these changes could affect long-term plans and prospects.
Number of Mortgages by Occupancy Type in Lee County, NC Over the Last 5 Years in Lee County
In Lee County, North Carolina, the number of mortgages for principal residences has fluctuated markedly over the past five years, peaking in 2021 at 4,276 before dropping to 2,929 in 2022. Investment properties, though smaller in absolute numbers, have shown a more stable trend but witnessed a slight increase in 2021 before tapering off again in 2022. Second residences represent a minimal share, with relatively steady counts. These shifts in occupancy types can signal changing market dynamics and economic conditions, impacting potential returns for investors, housing market stability, and insurance risk assessments. Being aware of these trends is crucial for anyone looking to invest, relocate, or appraise property in the area, as they can influence home values, rental markets, and overall neighborhood composition.
Economic Outlook
Lee County, North Carolina has witnessed a significant rise in average taxable income per tax return, starting at around $46,229.24 in 2013 and reaching approximately $70,294.39 by 2021. This suggests a steadily improving economic landscape, likely driven by increasing employment opportunities and local business growth. Alongside this, average state and local income taxes per tax return have more than doubled over the past decade, potentially reflecting shifts in policy or a growing economic... Read more
Average Taxable Income per Tax Return in Lee County, NC over the last 9 years
Over the past nine years, Lee County, North Carolina has seen a noticeable increase in average taxable income per tax return, starting at approximately $46,229.24 in 2013 and reaching around $70,294.39 in 2021. This growth trend suggests a gradually improving economic landscape, possibly driven by employment opportunities, local business development, or other economic factors. For those interested in investing, moving to, or evaluating real estate in the area, these trends indicate a potentially stable market with rising income levels, which could be a positive signal for future economic prospects.
Average State and Local Income Taxes Per Tax Return in Lee County, NC Over the Last 10 Years
Over the past decade, Lee County, North Carolina has seen a significant rise in average state and local income taxes per tax return, with figures more than doubling from $5,739.90 in 2012 to $13,304.72 in 2021. Notable spikes occurred in 2018 and 2019, suggesting a potential shift in economic or policy factors affecting taxpayers. This increase could indicate a growing economic base or changes in tax policies that may impact financial planning for current residents, potential investors, and property developers. Real estate professionals and insurance agents might find these trends worth monitoring for future market assessments.
Average Total Tax Liability Per Tax Return in Lee County, NC Over the Last 10 Years
Average tax liability in Lee County, North Carolina has seen a notable upward trend over the past decade, rising from roughly $7,131.37 in 2012 to approximately $11,025.11 by 2021. This gradual increase, particularly the significant jumps post-2017, could suggest evolving economic conditions or policy changes impacting local taxpayers. For those looking into investments, real estate, or financial planning in the area, understanding these shifts might provide crucial insights into fiscal responsibilities and economic health.
Cost of Living in Lee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,103 | $1,440 | $1,801 | $1,459 | $1,278 |
| 1 adult 4 children | $1,103 | $1,176 | $1,377 | $1,459 | $1,390 |
| 2 adults 3 children | $1,103 | $1,176 | $1,562 | $1,459 | $1,044 |
| 1 adult 3 children | $1,103 | $960 | $1,139 | $1,459 | $1,139 |
| 2 adults 2 children | $894 | $963 | $1,324 | $1,254 | $903 |
| 1 adult 2 children | $894 | $719 | $900 | $1,254 | $843 |
| 2 adults 1 child | $894 | $761 | $1,085 | $588 | $772 |
| 1 adult 1 child | $894 | $492 | $662 | $588 | $650 |
| 2 adults | $792 | $611 | $847 | $0 | $653 |
| 1 adult | $736 | $333 | $424 | $0 | $573 |
Safety trends & Data
Lee County, North Carolina's property crime trends have seen significant fluctuations in recent years. Burglary peaked in 2020 with 93 incidents, then plummeted to 12 by 2022. Larceny-theft, historically the most frequent crime, saw a high of 430 incidents in 2018 but dropped dramatically to 16 in 2022. Vandalism spiked in 2020 to 49 incidents but decreased to 5 by 2022. These trends might influence property values and insurance costs, making them essential considerations for potential... Read more
Property Crime Trends in Lee County, NC Over the Last 5 Years
Lee County, North Carolina has seen fluctuating property crime rates over the past five years. Peak burglary numbers hit in 2020 with 93 incidents, though this fell sharply to 12 by 2022. Larceny-theft remains the most frequent crime, peaking at 430 incidents in 2018 and dropping dramatically to 16 in 2022. Vandalism incidents surged in 2020 to 49 from previous years but leveled back to 5 by 2022. For those considering investing, moving, or working in real estate or related fields in Lee County, these crime trends may impact property values and insurance costs.
Demographics
Lee County, North Carolina's demographic landscape reveals an adult population skewed slightly female, with educational attainment highlighting a significant portion of residents possessing a high school diploma or some college education. The county's age distribution shows a substantial segment of the population in the working-age bracket, particularly those 35 to 64 years. In terms of race, the community appears predominantly white, with notable representation from Black or African American... Read more
Race Distribution in Lee County, North Carolina (2022)
Educational Attainment in Lee County, North Carolina (2022)
Age Distribution in Lee County, North Carolina
Citizen Population in Lee County, North Carolina (2022)
Political Trends & Data
In Lee County, North Carolina, the real estate market's dynamics may be subtly influenced by its notable political lean, as the 2020 Presidential Election results showed around 56.8% of votes for Republicans and 41.9% for Democrats. Such a partisan lean might shape community priorities, which in turn affects property demand and neighborhood development trends. Minimal support for third-party candidates, with Libertarians at 0.8% and Greens at 0.2%, reinforces the county's predominantly... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lee County, North Carolina, the 2020 U.S. Presidential Election results showed a noticeable lean towards the Republican party, which garnered approximately 56.8% of the vote. Democrats trailed with around 41.9%, suggesting some degree of partisan division. Libertarian and Green party candidates received minimal support, with about 0.8% and 0.2% of the vote respectively, indicating limited influence from third-party candidates. This breakdown could hint at the county's predominantly two-party system with a slight inclination towards the GOP.
56.77% of voters voted for the Republican party in the 2020 Presidential Election
41.86% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lee County, North Carolina has been experiencing a positive trend in its student-to-teacher ratio, dropping from 16 students per teacher in 2014 to about 14 or fewer in the past four years. This lower ratio might enhance the county’s appeal to families who prioritize quality education, potentially driving demand in the local real estate market. Such educational improvements could attract investors and residents looking for stable property values and growth, while also helping appraisers and... Read more
Student-to-teacher ratio in Lee County, North Carolina over the last 10 years
Over the past decade, Lee County, North Carolina, has seen a gradual decline in its student-to-teacher ratio, starting from 16 students per teacher in 2014 to approximately 14 in 2019 and reaching 14 or slightly fewer in the last four years. This trend is notable for potential investors, residents, and real estate professionals since a lower student-to-teacher ratio often correlates with better individual attention in classrooms and potentially higher educational outcomes. Compared to the U.S. national average of 14, Lee County’s recent ratios suggest a more favorable student-to-teacher dynamic, which could enhance the area's appeal to families prioritizing quality education. This context might also interest appraisers and insurance agents assessing the value and risk profiles of properties in the region, given that strong local education systems can be a significant factor in property market stability and growth.
