Lincoln County Real Estate and Livability Trends
Lincoln County, North Carolina has seen considerable growth in average taxable income, jumping from $55,664.75 in 2013 to $83,953.31 in 2021, which may point to a healthier economic environment. Median home values skyrocketed from $153,200 in 2015 to $241,200 in 2022, outperforming both state and national trends and suggesting potential for high returns for real estate investors. Despite a peak... Read more
Lincoln County Market Trends
Median home values in Lincoln County, North Carolina have soared from $153,200 in 2015 to $241,200 in 2022, outpacing both state and national growth. This rapid increase makes it an intriguing spot for real estate investors, hinting at higher-than-average returns. The Residential Energy Tax Credit per tax return peaked at $2963.64 in 2018, suggesting a wave of energy-efficient upgrades. Real... Read more
Median Value of Occupied Housing Units in Lincoln County, North Carolina Over the Last 8 Years
Median home values in Lincoln County, North Carolina, have seen a steady climb from $153,200 in 2015 to $241,200 in 2022. This local growth trajectory seems to outpace both the national and the state levels. For context, during the same period, North Carolina's median home values rose from $154,900 to $234,900, while the national values went from $125,500 to $179,400. These figures suggest that Lincoln County may be an appealing area for real estate investors or potential homeowners, potentially influenced by higher growth rates in property values compared to broader benchmarks.
Residential Energy Tax Credit Per Tax Return in Lincoln County, NC Over the Last 9 Years
Over the past nine years, Lincoln County, North Carolina has exhibited significant fluctuations in the average Residential Energy Tax Credit per tax return. The credit notably spiked in 2018, reaching $2963.64, potentially indicating a surge in energy-efficient home upgrades or installations. Subsequent years show a pattern of decline and resurgence, suggesting a variable but overall increasing investment in energy-efficient improvements. These trends might be particularly relevant for real estate agents and investors, as they can indicate a growing market for eco-friendly properties. For appraisers and insurance agents, these figures could imply a changing landscape in property valuations and risk assessments.
Average Real Estate Taxes Per Tax Return in Lincoln County, NC Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Lincoln County, North Carolina have seen a marked increase. In 2012, the average tax was approximately $2,420.37, but by 2021 this figure rose sharply to around $4,230.61, suggesting a steady upward trend. Particularly, there was a significant jump between 2017 and 2018 where taxes increased from $2,719.95 to $3,636.20. These rising costs could potentially impact decisions for investors, homebuyers, and real estate professionals considering Lincoln County.
Percentage of Farm Returns in Lincoln County, NC Over the Last 10 Years
Lincoln County, North Carolina has seen a gradual decline in the percentage of farm tax returns over the last decade, decreasing from approximately 1.55% in 2012 to around 1.10% in 2021. This trend suggests a potential shift away from agricultural activities or perhaps a consolidation of farms rather than an outright decline in agriculture. Investors and new residents might view this data as an indicator of evolving economic drivers in the county, possibly hinting at more diversification into other industries or changes in land use patterns. For those considering building property, it could imply a larger availability of land previously used for farming transitioning to residential or commercial use.
Number of Mortgages by Occupancy Type in Lincoln County, NC Over the Last 5 Years in Lincoln County
Over the past five years, Lincoln County, North Carolina has seen notable fluctuations in mortgage counts across various occupancy types. Principal residences consistently dominate the mortgage landscape, peaking in 2021 with 8,895 mortgages before dipping significantly in 2022. Investment properties and second residences, while lower in numbers, have also seen changes, reflecting different rates of growth or decline. Shifts in occupancy type can impact local real estate markets, affecting everything from property values to insurance rates. For investors, these trends may signal lucrative opportunities or cautionary tales depending on the predominant mortgage type. For appraisers, understanding these dynamics can refine valuation accuracy, while build property and real estate agents can tailor their strategies to the prevailing market demands.
Economic Outlook
Lincoln County, North Carolina, has seen a noteworthy climb in average taxable income, from $55,664.75 in 2013 to $83,953.31 in 2021, suggesting growing economic health. Despite a peak at $17.8% in 2014, the county’s poverty rate has generally declined, hitting a low of 6.9% in recent years. These trends could be appealing for investors and real estate developers evaluating the area’s prospects. Average state and local income taxes have also risen, with significant jumps after 2017, which... Read more
Average Taxable Income per Tax Return in Lincoln County, NC over the last 9 years
Lincoln County, North Carolina has seen a steady increase in average taxable income per tax return over the past nine years, climbing from $55,664.75 in 2013 to $83,953.31 in 2021. This upward trend can make the area appealing for potential investors and real estate developers evaluating economic growth and stability. Appraisers and insurance agents might see this as an indicator of rising home values, while individuals considering a move might appreciate the economic vitality suggested by these increasing income levels.
Average State and Local Income Taxes Per Tax Return in Lincoln County, NC Over the Last 10 Years
Lincoln County, North Carolina has shown notable fluctuations and a general upward trend in average state and local income taxes per tax return over the past decade. From $6,569.50 in 2012, taxes saw a gradual increase, peaking significantly at $11,822.52 in 2021. This rising trend, especially the sharp increase after 2017, may imply evolving economic conditions or changes in tax policies that could be crucial for potential investors, real estate professionals, and anyone considering relocation or financial planning in the area.
Average Total Tax Liability Per Tax Return in Lincoln County, NC Over the Last 10 Years
Over the last decade in Lincoln County, North Carolina, the average total tax liability per tax return has seen a steady increase, reflecting potential economic growth and rising incomes in the area. Starting at $8,378.89 in 2012, this figure has climbed to $13,732.65 in 2021. Such trends may signal a strengthening local economy, making the county potentially attractive for investors, real estate developers, and those looking to move.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,200 | $1,456 | $1,896 | $1,338 | $1,346 |
| 1 adult 4 children | $1,200 | $1,189 | $1,450 | $1,338 | $1,456 |
| 2 adults 3 children | $1,200 | $1,189 | $1,645 | $1,338 | $1,102 |
| 1 adult 3 children | $1,200 | $971 | $1,199 | $1,338 | $1,195 |
| 2 adults 2 children | $924 | $974 | $1,394 | $1,180 | $931 |
| 1 adult 2 children | $924 | $727 | $948 | $1,180 | $869 |
| 2 adults 1 child | $924 | $769 | $1,144 | $666 | $833 |
| 1 adult 1 child | $924 | $497 | $697 | $666 | $703 |
| 2 adults | $798 | $618 | $893 | $0 | $679 |
| 1 adult | $794 | $337 | $446 | $0 | $606 |
Safety trends & Data
Lincoln County, North Carolina, has seen fluctuating property crime trends. Since peaking at 193 incidents in 2019, larceny-theft cases stabilized around 163-167 annually. Notably, burglary arrests dropped from 63 in 2018 to 44 in 2022, while motor vehicle theft varied between 7 to 21 cases per year. Vandalism and fraud incidents remained unpredictable, influencing insurance and investment considerations. On the upside, embezzlement, forgery, and counterfeiting incidents stayed relatively... Read more
Property Crime Trends in Lincoln County, NC Over the Last 5 Years
Property crime in Lincoln County, North Carolina reveals noteworthy trends for stakeholders: a notable uptick in larceny-theft incidents, peaking at 193 occurrences in 2019 before stabilizing around 163 to 167 in the subsequent years. Burglary arrests have seen a declining trend, from 63 in 2018 to 44 in 2022. Motor vehicle theft, while generally low, saw a spike in 2019 with 20 reported incidents but fluctuated between 7 to 21 in other years. The variable nature of vandalism and fraud arrests indicates volatility in these crime categories, crucial for insurance agents and potential property investors to consider. Additionally, cases of embezzlement, forging, and counterfeit remained relatively low, averaging under 10 per year, suggesting some stability in white-collar crime rates. This data could be valuable for real estate agents, appraisers, and those interested in the local crime trends impacting the community's safety and property values.
Demographics
Lincoln County, North Carolina has a nearly balanced gender distribution with slightly more females than males among its adult population. Residents primarily identify as White, followed by a smaller proportion identifying as Black or African American, and other races. Educational attainment levels show a large segment with only a high school diploma, but there's a significant portion with some college education or higher. The age distribution suggests a relatively balanced mix of generations,... Read more
Race Distribution in Lincoln County, North Carolina (2022)
Educational Attainment in Lincoln County, North Carolina (2022)
Age Distribution in Lincoln County, North Carolina
Citizen Population in Lincoln County, North Carolina (2022)
Political Trends & Data
Lincoln County, North Carolina, leans strongly Republican, with over 72% of the 2020 U.S. Presidential Election vote swinging this way. Democrats only captured around 26%, while third-party options garnered minimal support. This data could imply a consistent conservative voter base and limited political diversity, which might affect local policies and economic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lincoln County, North Carolina, likely showed a strong leaning towards Republican candidates in the 2020 U.S. Presidential Election, with over 72% of the vote. Democrats garnered around 26%, while smaller parties such as the Libertarian and Green parties captured nominal percentages. This data could indicate a deeply entrenched conservative voter base, with limited support for third-party options, hinting at lesser political diversity.
72.37% of voters voted for the Republican party in the 2020 Presidential Election
26.43% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% 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
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lincoln County, North Carolina's student-to-teacher ratio has experienced some changes over the past decade, peaking at over 15 in 2017 and 2018 but stabilizing around 14.6 in 2023. With a national average of 14, Lincoln County's figures are quite close, though the brief spikes might have affected classroom dynamics. For potential movers or investors, a lower student-to-teacher ratio typically aligns with better educational outcomes, making the area attractive for education-focused families.... Read more
Student-to-teacher ratio in Lincoln County, North Carolina over the last 10 years
The student-to-teacher ratio in Lincoln County, North Carolina has seen fluctuations over the past decade, starting at around 14 in 2014 and peaking over 15 in 2017 and 2018 before settling back to around 14.6 in 2023. Compared to the national average of fourteen, Lincoln County's ratios are relatively close, although the spikes in 2017 and 2018 could have implications for classroom management and individual student attention. For those looking to move to or invest in the area, a lower student-to-teacher ratio often correlates with enhanced educational outcomes, potentially making the locale appealing for families prioritizing education. Real estate agents, developers, and insurance agents may find this information useful for understanding market trends and community needs.
