Macon County Real Estate and Livability Trends
Macon County, North Carolina's housing market has shown a jump in median home values from $165,600 in 2015 to $210,900 in 2022, hinting at potential future appreciation that attracts both homebuyers and investors. Energy-efficient home improvements have surged, with energy tax credits peaking at $3,100.00 in 2018 and staying elevated through 2021. Property tax increases from $1,816.72 in 2012 to... Read more
Macon County Market Trends
Macon County, North Carolina's housing market shows notable trends with median home values jumping from $165,600 in 2015 to $210,900 in 2022, offering a more affordable entry compared to the state median. This suggests potential for future appreciation, making it an interesting target for buyers and investors. The county has also seen significant investments in energy-efficient home improvements,... Read more
Median Value of Occupied Housing Units in Macon County, North Carolina Over the Last 8 Years
Macon County, North Carolina's housing market has experienced some fluctuations over the past eight years, with median home values increasing significantly from $165,600 in 2015 to $210,900 in 2022. This trajectory outpaced the national median, which climbed from $125,500 to $179,400 in the same period. Compared to the state’s median values, which rose from $154,900 to $234,900, Macon County offers a more affordable alternative for potential homebuyers and investors within North Carolina. This context suggests potential for future value appreciation, making it an intriguing market for anyone looking to invest or relocate while possibly entering at a relatively lower price point.
Residential Energy Tax Credit Per Tax Return in Macon County, NC Over the Last 9 Years
In Macon County, North Carolina, residential energy tax credits per tax return showed significant fluctuations over the past nine years. The credit amounts generally ranged between $300.00 and $471.43 from 2013 to 2017. However, a notable spike occurred in 2018 with an average credit of $3100.00, followed by a high of $1166.67 in 2019, indicating potential increased investment in energy-efficient improvements. Recent years continued this trend with credits above $870.00, peaking again in 2021 at around $1185.71. These variations suggest a heightened awareness and possible investment in energy-saving technologies, which could affect property values and attractiveness to eco-conscious buyers.
Average Real Estate Taxes Per Tax Return in Macon County, NC Over the Last 10 Years
Macon County, North Carolina has seen a notable increase in real estate taxes per tax return over the past decade, with figures rising from around $1,816.72 in 2012 to approximately $3,916.88 by 2021. The most significant jumps occurred between 2016 and 2018, where taxes surged from roughly $2,240.98 to $3,558.51. This trend could signal a growing demand for property, affecting investment strategies, housing affordability, and insurance premiums for both current and prospective homeowners and other stakeholders in the area.
Percentage of Farm Returns in Macon County, NC Over the Last 10 Years
Over the past decade, Macon County, North Carolina has seen a slight decline in the percentage of farm tax returns, starting at approximately 1.65% in 2012 and falling to around 1.25% in 2021. Farm tax returns are documents filed by farmers to report income and claim related expenses, providing insight into agricultural activity levels. This minor yet consistent decrease may indicate a shift in the local economy, potentially affecting agricultural investment opportunities and land use trends. Those considering moving to, investing in, or developing property in Macon County should be aware of these trends, as they could impact future land value and local market dynamics.
Number of Mortgages by Occupancy Type in Macon County, NC Over the Last 5 Years in Macon County
In Macon County, North Carolina, there's been a noticeable trend in mortgage activities over the past five years. Mortgages for principal residences peaked in 2021 with 2,565 registered, indicating strong demand for home ownership. Investment properties saw a slight decline, from 138 in 2021 to 110 in 2022, suggesting that shifts in the rental market or broader economic factors might be at play. Second residences fluctuated but remained relatively stable, offering insights into the county's appeal as a vacation spot. Understanding these trends is crucial for investors, appraisers, and real estate agents as they directly impact property values, market dynamics, and development opportunities. Changes in occupancy types can signal shifting economic conditions, lifestyle preferences, or policy impacts, guiding strategic decisions in the real estate market.
Economic Outlook
Macon County, North Carolina has seen average taxable income rise from $43,633.03 in 2013 to about $80,641.38 in 2021, signaling potential growth opportunities for investors and homebuyers. State and local income taxes have fluctuated, spiking to $23,290.67 in 2021, which may indicate economic growth or policy changes. Additionally, the total tax liability per tax return hit $14,154.04 in 2021, possibly reflecting increased income levels. These trends are crucial for real estate professionals... Read more
Average Taxable Income per Tax Return in Macon County, NC over the last 9 years
Over the past nine years, Macon County, North Carolina has seen a noticeable increase in average taxable income per tax return, rising from approximately $43,633.03 in 2013 to about $80,641.38 in 2021. This trend reflects a generally improving economic situation in the area, which might appeal to potential investors and homebuyers looking for growth opportunities. Property values may also be positively influenced by this upward trajectory, making the county an attractive location for real estate agents and developers. Additionally, the rising average taxable income could impact appraisers and insurance agents in terms of property assessments and coverage rates.
Average State and Local Income Taxes Per Tax Return in Macon County, NC Over the Last 10 Years
Macon County, North Carolina has experienced notable fluctuations in state and local income taxes per tax return over the past decade. Initially, there was a gradual increase from $6,756.74 in 2012 to $8,386.55 in 2016, before witnessing a dip in 2017 to $7,092.09. However, the period from 2018 to 2021 saw substantial spikes, with taxes soaring to $11,806.98 in 2018 and an impressive $23,290.67 by 2021. This trend might indicate recent economic growth or policy changes impacting taxpayers, which could interest potential investors, new residents, and real estate professionals seeking to understand the financial landscape of this region.
Average Total Tax Liability Per Tax Return in Macon County, NC Over the Last 10 Years
Over the past decade, Macon County, North Carolina has seen a fluctuating yet generally upward trend in average total tax liability per tax return. Notably, there was a significant spike in 2021, reaching $14,154.04, which might be an outlier or reflection of specific economic conditions. This trend can impact investment and housing decisions as higher tax liabilities may suggest increased income levels or changes in tax policies, which could affect property values and market dynamics. For real estate agents, appraisers, and potential residents, understanding these shifts is crucial for making informed decisions in the county's real estate market.
Cost of Living in Macon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,072 | $1,335 | $2,023 | $1,419 | $1,279 |
| 1 adult 4 children | $1,072 | $1,090 | $1,549 | $1,419 | $1,380 |
| 2 adults 3 children | $1,072 | $1,091 | $1,754 | $1,419 | $1,041 |
| 1 adult 3 children | $1,072 | $890 | $1,280 | $1,419 | $1,094 |
| 2 adults 2 children | $881 | $893 | $1,485 | $1,236 | $891 |
| 1 adult 2 children | $881 | $667 | $1,011 | $1,236 | $839 |
| 2 adults 1 child | $881 | $706 | $1,217 | $641 | $791 |
| 1 adult 1 child | $881 | $456 | $743 | $641 | $662 |
| 2 adults | $780 | $567 | $948 | $0 | $653 |
| 1 adult | $725 | $309 | $474 | $0 | $567 |
Safety trends & Data
Over the past five years in Macon County, North Carolina, notable fluctuations in property crime rates have been observed. Larceny-theft and burglary cases peaked in 2018, with 75 and 41 instances respectively. Vandalism also hit a high of 16 cases the same year, while motor vehicle thefts displayed a more stable trend. These crime rates might raise concerns among potential investors and developers about property safety, impacting their decisions and possibly affecting property values.... Read more
Property Crime Trends in Macon County, NC Over the Last 5 Years
Over the past five years in Macon County, North Carolina, there have been notable fluctuations in property crime rates. The highest incidences are consistently related to burglary and larceny-theft, with 2018 seeing a peak of 75 larceny-theft cases and 41 burglaries. Interestingly, vandalism and motor vehicle thefts show variable trends, with vandalism peaking at 16 cases in 2018 and motor vehicle theft maintaining a less erratic pattern. These crime trends might raise red flags for potential investors and developers considering property in the area, while also serving as crucial data for insurance agents assessing risk. For residents and real estate agents, understanding these crime patterns could impact community well-being and property values over time.
Demographics
Macon County, North Carolina, hints evidence of a slight skew towards a larger female adult population. Educational attainment levels indicate a strong high school graduation rate, with substantial representation in "some college, no degree" and fewer in advanced degrees. Age distribution data suggests a significant proportion of residents are 55 years and older, pointing possibly towards a more mature population. The racial makeup is predominantly White, with minorities representing a smaller... Read more
Race Distribution in Macon County, North Carolina (2022)
Educational Attainment in Macon County, North Carolina (2022)
Age Distribution in Macon County, North Carolina
Citizen Population in Macon County, North Carolina (2022)
Political Trends & Data
Macon County, North Carolina tends to show a political inclination that may significantly lean Republican, with around 68.5% of the votes in the 2020 Presidential Election possibly favoring the GOP. This dominant political landscape could indirectly influence the real estate market, potentially attracting buyers who find the county's political stance appealing. With only around 30% of votes potentially supporting the Democratic party, it's plausible that the market might see trends reflecting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Macon County, North Carolina, the 2020 U.S. Presidential Election saw a predominant lean towards the Republican party, which possibly garnered around 68.5% of the votes. The Democratic party might have received approximately 30% of the votes, placing it far behind the leading party. Minor party support appears limited, with Libertarians and other smaller parties collectively drawing minimal attention.
68.51% of voters voted for the Republican party in the 2020 Presidential Election
30.03% 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
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.49% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Macon County, North Carolina, the student-to-teacher ratio has varied significantly over the past decade, peaking at about 20 in 2022 and dropping as low as 14 in 2021. This fluctuating metric, often surpassing the national average, can influence decisions by families considering relocation, investors assessing the area's long-term potential, and real estate agents marketing properties based on educational quality. Real estate developers and insurance agents might also find these trends... Read more
Student-to-teacher ratio in Macon County, North Carolina over the last 10 years
Over the past decade, Macon County, North Carolina's student-to-teacher ratio fluctuated, ranging from a high of about 20 in 2022 to a low of roughly 14 in 2021. This ratio has often been above the national average of 14 students per teacher, particularly peaking dramatically in 2022. Such variability in student-to-teacher ratios can potentially influence educational quality and classroom dynamics, affecting decisions by families considering relocation, investors evaluating the area's long-term viability, and real estate agents marketing to clients prioritizing education. Real estate developers and insurance agents may also find these trends useful for risk assessment and resource allocation.
