Lenoir County Real Estate and Livability Trends
Lenoir County, North Carolina's real estate market shows signs of a burgeoning local economy with average taxable incomes rising from $41,942.56 in 2013 to $51,705.10 in 2021. Home values have climbed from $91,600 in 2021 to $101,600 in 2022, contrasting the higher state and national averages. Residential energy tax credits spiking in 2018 and averaging $964.10 in 2021 hint at a push for energy... Read more
Lenoir County Market Trends
Lenoir County's median home values have shown a gradual upward trend from $91,600 in 2021 to $101,600 in 2022, making it relatively affordable compared to North Carolina's jump to $234,900 and the national figure of $179,400 in 2022. There's also been a significant increase in residential energy tax credits, peaking in 2018 and averaging $964.10 in 2021, reflecting a local focus on energy... Read more
Median Value of Occupied Housing Units in Lenoir County, North Carolina Over the Last 8 Years
Lenoir County's median home values have toggled between $91,600 in 2021 and $101,600 in 2022, showing a general upward trend over the past two years. This contrasts with North Carolina's more aggressive growth, reaching $234,900 in 2022 from $197,500 in 2021, and the national increase to $179,400 in 2022. Investors and potential homebuyers might find Lenoir County's comparative affordability appealing, especially as state and national trends suggest higher costs elsewhere.
Residential Energy Tax Credit Per Tax Return in Lenoir County, NC Over the Last 9 Years
Residential energy tax credits in Lenoir County, North Carolina have shown a notable upswing over the past nine years, with substantial increases peaking in 2018 at $1377.78 per tax return. Although there was a decline following this peak, the credits remained relatively high, averaging $725.00 in 2020 and climbing back to $964.10 in 2021. This trend indicates a growing investment in energy-efficient upgrades by homeowners, which could be an attractive point for prospective property investors, appraisers, and insurance agents, suggesting a community prioritizing sustainability and likely reducing utility costs over the long term.
Average Real Estate Taxes Per Tax Return in Lenoir County, NC Over the Last 10 Years
Lenoir County, North Carolina has experienced a fluctuating but generally upward trend in real estate taxes per tax return over the past decade. Notably, there was a substantial increase in 2018, rising from $2,137.67 in 2017 to $2,743.10, and further climbing to $2,888.17 in 2019. By 2021, the average reached approximately $2,962.16. This trend suggests a growing tax burden that could impact property investments and home affordability in the area, offering critical data for real estate agents, potential buyers, and financial planners.
Percentage of Farm Returns in Lenoir County, NC Over the Last 10 Years
Lenoir County, North Carolina has experienced a modest decline in the percentage of farm tax returns over the past decade, with figures dropping from approximately 1.69% in 2012 to about 1.19% in 2021. Farm tax returns represent the portion of tax filings associated with income generated from farming activities. This trend might hint at a shift in the county's economic focus or challenges within the local agricultural sector, which could be relevant for those considering investments or property development. Understanding this shift is crucial for potential investors and residents, painting a picture of the evolving economic landscape in Lenoir County.
Number of Mortgages by Occupancy Type in Lenoir County, NC Over the Last 5 Years in Lenoir County
Lenoir County, North Carolina has shown a notable uptick in mortgage counts for principal residences over the past five years, peaking at 2055 in 2021. Investment properties and second homes represent a smaller fraction, but both categories have seen modest growth, with investment property mortgages growing from 83 in 2018 to 116 in 2022. This shift towards higher homeownership rates for principal residences suggests a strengthening local market that may appeal to investors for stable rental income, new residents for community development, and appraisers for heightened property valuations. Additionally, insurance agents might see more demand for homeowner policies as principal ownership rises. Understanding these trends is crucial for real estate agents and developers looking to cater to an increasingly resident-centric market, ensuring their strategies align with Lenoir County's shift.
Economic Outlook
Over the past decade, Lenoir County, North Carolina has seen a marked upward trend in average taxable income per tax return, rising from around $41,942.56 in 2013 to $51,705.10 in 2021, despite some fluctuations. This increase hints at a potentially growing local economy, which might catch the eye of investors and developers. Meanwhile, the trajectory of average state and local income taxes has been volatile, but the sharp rise to $11,970.37 in 2021, along with fluctuating total tax... Read more
Average Taxable Income per Tax Return in Lenoir County, NC over the last 9 years
Over the past nine years, the average taxable income per tax return in Lenoir County, North Carolina has exhibited some fluctuations but overall, a notable increase. Starting at approximately $41,942.56 in 2013, there was a slight dip in 2014, but the trend generally moved upward with the 2021 average reaching around $51,705.10. Key jumps like the one from 2017 to 2018, where it spiked to $46,611.95, highlight potential economic shifts or policy changes affecting residents. For investors, real estate agents, and appraisers, this upward trajectory could signal a growing local economy, making the region possibly more appealing for property development and investments.
Average State and Local Income Taxes Per Tax Return in Lenoir County, NC Over the Last 10 Years
Over the past 10 years, Lenoir County, North Carolina, has seen a varied trajectory in average state and local income taxes per tax return. Beginning at approximately $6,378.27 in 2012, the values fluctuated with notable drops in 2014 ($5,689.31) and 2017 ($5,268.80), contrasted by substantial increases in the more recent years, reaching $11,970.37 in 2021. This volatility might suggest changing economic conditions or policy adjustments, critical for investors, real estate agents, and potential residents considering the fiscal landscape.
Average Total Tax Liability Per Tax Return in Lenoir County, NC Over the Last 10 Years
The average total tax liability per tax return in Lenoir County, North Carolina has shown some variability over the past decade, with some years seeing significant increases. For instance, 2021 saw a notable rise to $7,657.58 from $6,779.39 in 2020. Such fluctuations could be indicative of economic shifts, changes in tax policies, or varying income levels in the county. Potential investors, appraisers, and real estate agents should consider these trends as they may impact the overall economic health and property market dynamics in Lenoir County.
Cost of Living in Lenoir County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,063 | $1,367 | $2,466 | $1,207 | $1,342 |
| 1 adult 4 children | $1,063 | $1,117 | $1,891 | $1,207 | $1,405 |
| 2 adults 3 children | $1,063 | $1,117 | $2,137 | $1,207 | $1,078 |
| 1 adult 3 children | $1,063 | $912 | $1,562 | $1,207 | $1,094 |
| 2 adults 2 children | $771 | $914 | $1,808 | $1,056 | $875 |
| 1 adult 2 children | $771 | $683 | $1,233 | $1,056 | $779 |
| 2 adults 1 child | $771 | $723 | $1,479 | $564 | $787 |
| 1 adult 1 child | $771 | $467 | $904 | $564 | $630 |
| 2 adults | $586 | $581 | $1,150 | $0 | $626 |
| 1 adult | $582 | $317 | $575 | $0 | $532 |
Safety trends & Data
In Lenoir County, North Carolina, property crime trends show a promising decline. Burglary arrests dropped dramatically from 65.00 in 2018 to 14.00 in 2022, and larceny-theft arrests fell from 85.00 to 9.00 in the same period. Fraud and vandalism also saw reductions, suggesting improved security measures or better economic conditions. While arson cases rose slightly and embezzlement incidents stayed low but steady, the overall drop in crime may make the area more attractive for real estate... Read more
Property Crime Trends in Lenoir County, NC Over the Last 4 Years
In Lenoir County, North Carolina, property crime trends over the last four years indicate a significant decline across most categories. Burglary arrests dropped from 65.0 in 2018 to just 14.0 by 2022, and larceny-theft arrests fell sharply from 85.0 in 2018 to 9.0 in 2022. Fraud and vandalism also saw notable reductions, suggesting potentially improved security measures or economic conditions. However, there was a slight increase in arson cases and embezzlement incidents remained low but consistent. Real estate agents and potential investors may find this downward crime trend encouraging, as it could indicate a safer environment for property investment and residency.
Demographics
Lenoir County displays a slightly higher female adult population compared to males. Educational attainment varies, with the largest group being high school graduates, closely followed by adults with some college experience but no degree. The age distribution suggests a balance across various age groups, with noticeable numbers in the senior population. Racial demographics show that Whites and African Americans are the predominant groups, while other races make up a smaller portion of the... Read more
Race Distribution in Lenoir County, North Carolina (2022)
Educational Attainment in Lenoir County, North Carolina (2022)
Age Distribution in Lenoir County, North Carolina
Citizen Population in Lenoir County, North Carolina (2022)
Political Trends & Data
In Lenoir County, North Carolina, the 2020 U.S. Presidential Election results reveal a narrow Republican lead with roughly 51.4% of the vote versus nearly 47.9% for Democrats. Third-party candidates, including Libertarians and the Green Party, collectively secured just over 0.7%, indicating a largely two-party landscape with limited impact from smaller... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lenoir County, North Carolina, the 2020 U.S. Presidential Election results show a slight Republican edge with about 51.4% of the vote, compared to nearly 47.9% for the Democrats. Third-party candidates, including Libertarians and the Green Party, garnered minimal support, collectively securing just over 0.7% of the vote. This suggests a predominantly two-party competition with little room for smaller parties to make significant inroads.
51.36% of voters voted for the Republican party in the 2020 Presidential Election
47.89% of voters voted for the Democrat party in the 2020 Presidential Election
0.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lenoir County, North Carolina, has seen a decrease in student-to-teacher ratios from sixteen in 2014 to about fifteen students per teacher recently. This trend might appeal to investors and families, suggesting more personalized education and potentially better outcomes compared to the national average of fourteen students per teacher. As a result, property values and community perception could improve, possibly boosting the attractiveness of the area for families prioritizing education. This... Read more
Student-to-teacher ratio in Lenoir County, North Carolina over the last 10 years
Over the last decade, Lenoir County, North Carolina has seen a general decline in the student-to-teacher ratio, moving from sixteen students per teacher in 2014 to approximately fifteen students per teacher in recent years. This trend may hold particular significance for potential investors and families considering relocation, as smaller class sizes could imply more personalized attention and potentially better educational outcomes compared to the national average of fourteen students per teacher. This shift could also influence property values and community perception, making the area more attractive to families prioritizing education. Real estate agents and appraisers might see this as a key factor in marketing homes or in valuation processes. It may also be a consideration for insurance agents who factor educational quality into risk assessments.
