Madison County Real Estate and Livability Trends
Madison County, North Carolina's real estate market has experienced significant growth, with median home values surging from $159,900 in 2015 to $236,300 in 2022, outpacing both state and national trends. The rise in real estate taxes, from $1,903.91 per tax return in 2012 to $3,380.00 in 2021, could reflect increasing property valuations. Additionally, farm tax returns have declined, potentially... Read more
Madison County Market Trends
Madison County, North Carolina, has seen median home values soar from $159,900 in 2015 to $236,300 in 2022, outpacing statewide and national growth rates. Real estate taxes have also jumped significantly, going from $1,903.91 per tax return in 2012 to $3,380.00 in 2021, which could indicate an appreciation in property values. Average residential energy tax credits per return have more than... Read more
Median Value of Occupied Housing Units in Madison County, North Carolina Over the Last 8 Years
Madison County, North Carolina, has seen its median home values escalate from $159,900 in 2015 to $236,300 in 2022. This growth outpaces both North Carolina's progression from $154,900 to $234,900 and the national increase from $125,500 to $179,400 over the same period. This upward trajectory suggests a strong appreciation market, hinting at potentially higher returns for investors and increasing property values for current homeowners. This may also signal a burgeoning demand for housing in the region, attracting both new residents and developers.
Residential Energy Tax Credit Per Tax Return in Madison County, NC Over the Last 8 Years
Madison County, North Carolina has seen a fluctuating yet overall upward trend in the average residential energy tax credit per tax return over the past eight years. From $694.44 in 2013 to $1,838.46 in 2021, the value has more than doubled, indicating increased adoption of energy-efficient improvements. This trend could be interesting for potential investors and real estate agents, suggesting a growing awareness and support for sustainable living among residents. For appraisers and insurance agents, the rise in energy-efficient properties might affect property valuations and insurance products offered in the area.
Average Real Estate Taxes Per Tax Return in Madison County, NC Over the Last 10 Years
In Madison County, North Carolina, real estate taxes per tax return have shown a steady upward trend over the past decade. Starting around $1,903.91 in 2012, these taxes have surged to $3,380.00 by 2021. Notable spikes occurred around 2018 and 2020, with increases to $2,682.61 and $3,266.67 respectively. This upward trajectory could be indicative of increasing property values, which matters for investors, appraisers, and real estate agents considering opportunities in the area. Additionally, prospective homeowners and builders should factor in these rising costs when budgeting for property development.
Percentage of Farm Returns in Madison County, NC Over the Last 10 Years
In Madison County, North Carolina, farm tax returns have shown a general decline over the past decade, starting at around 8.41% in 2012 and dropping to approximately 5.33% by 2021. This trend could indicate shifts in the local agricultural landscape, potentially due to economic changes, policy impacts, or evolving farming practices. For those considering investment or relocation, understanding these changes might be crucial in assessing the viability and growth potential of agricultural properties in the area.
Number of Mortgages by Occupancy Type in Madison County, NC Over the Last 5 Years in Madison County
In Madison County, North Carolina, mortgage trends over the past five years show varying dynamics in occupancy type. Principal residences consistently dominate, with counts peaking around 1300 in 2020 and 2021, but witnessed a slight dip in 2022. Investment properties and second residences display fluctuating yet lower numbers, highlighting potential impacts on local market dynamics. Shifts in occupancy types can signal changing buyer preferences, affecting property valuation trends and offering insights for potential investors, appraisers, and real estate agents. These changes might also influence local services demand and can be key for insurance agents and builders planning future projects.
Economic Outlook
Madison County, North Carolina has shown promising signs of economic growth over the past nine years, with average taxable income per tax return rising from $40,390.62 in 2013 to $57,982.79 by 2021. Concurrently, average state and local income taxes per tax return jumped from $4,717.09 in 2012 to $7,022.22 in 2021, highlighting potential shifts in local economic conditions and tax policies. The overall increase in average total tax liability, moving from $4,762.07 in 2012 to $7,762.22 by 2021,... Read more
Average Taxable Income per Tax Return in Madison County, NC over the last 9 years
Over the past nine years, Madison County, North Carolina has seen fluctuations but overall a significant rise in average taxable income per tax return. Starting from $40,390.62 in 2013, income levels consistently climbed after a slight dip in 2014, reaching $57,982.79 by 2021. This upward trend suggests potential economic growth and improved earning capacity in the area, which could be crucial for investors, real estate agents, and those considering relocation.
Average State and Local Income Taxes Per Tax Return in Madison County, NC Over the Last 10 Years
Madison County, North Carolina has seen a notable increase in average state and local income taxes per tax return over the last decade, jumping from around $4,717.09 in 2012 to approximately $7,022.22 in 2021. This gradual uptick, particularly significant post-2018, potentially reflects changes in local economic conditions, tax policies, or income levels. For potential investors, property developers, and real estate professionals, this trend could indicate a shift in the financial landscape of Madison County, impacting property valuations, investment returns, and the overall appeal of the county for new residents. Insurance agents and appraisers might also find this data relevant for recalibrating their assessments and recommendations.
Average Total Tax Liability Per Tax Return in Madison County, NC Over the Last 10 Years
Over the past decade, Madison County, North Carolina has seen a fluctuating but generally upward trend in average total tax liability per tax return. Starting at $4,762.07 in 2012, it climbed notably to $7,762.22 by 2021. Key peaks occurred in 2017 and 2020 with average liabilities of $6,533.88 and $6,573.97 respectively, suggesting periods of significant economic activity or changes in tax policies. Such data could imply shifting financial dynamics and increasing property values, relevant for investors, builders, appraisers, and real estate professionals considering the local market conditions.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,281 | $1,480 | $2,060 | $1,216 | $1,431 |
| 1 adult 4 children | $1,281 | $1,209 | $1,576 | $1,216 | $1,535 |
| 2 adults 3 children | $1,281 | $1,209 | $1,787 | $1,216 | $1,171 |
| 1 adult 3 children | $1,281 | $987 | $1,303 | $1,216 | $1,256 |
| 2 adults 2 children | $964 | $990 | $1,514 | $1,073 | $962 |
| 1 adult 2 children | $964 | $739 | $1,030 | $1,073 | $919 |
| 2 adults 1 child | $964 | $782 | $1,241 | $605 | $884 |
| 1 adult 1 child | $964 | $505 | $757 | $605 | $722 |
| 2 adults | $853 | $628 | $967 | $0 | $723 |
| 1 adult | $835 | $343 | $484 | $0 | $627 |
Safety trends & Data
Madison County, North Carolina has experienced a generally declining trend in property crime over the past five years, with burglaries dropping from a high of 26 arrests in 2019 to just 8 by 2022. Larceny cases have also decreased significantly, from 24 arrests in 2018 to 7 in 2022. Motor vehicle thefts show some variability, peaking at 11 incidents in 2021. Arrests for possessing stolen property spiked in 2020 with 12 cases and have remained relatively high. These shifts in crime rates can... Read more
Property Crime Trends in Madison County, NC Over the Last 5 Years
Madison County, North Carolina has witnessed fluctuating but generally declining property crime figures over the past five years. Burglary incidents notably peaked in 2019 at 26 arrests and gradually decreased to 8 by 2022, signaling improving security. Larceny - Theft cases saw a similar downtrend, dropping from 24 arrests in 2018 to just 7 in 2022. Motor Vehicle Theft also shows variability, yet the 11 incidents in 2021 stand out amidst lower numbers in other years. Interestingly, arrests for buying, receiving, or possessing stolen property had a notable spike in 2020 at 12 cases, maintaining relatively high levels thereafter. These insights are crucial for real estate agents, investors, and potential residents in determining the safety and viability of the county for long-term investments and living conditions.
Demographics
Madison County, North Carolina, had a fairly balanced gender distribution in 2022, with a slightly higher female population. Educational attainment data suggests a solid portion of residents have completed high school, and smaller, yet notable portions have pursued higher education, potentially indicative of future workforce trends. The age distribution reveals a significant segment of the population is nearing retirement age, which could impact local services and housing markets. The racial... Read more
Race Distribution in Madison County, North Carolina (2022)
Educational Attainment in Madison County, North Carolina (2022)
Age Distribution in Madison County, North Carolina
Citizen Population in Madison County, North Carolina (2022)
Political Trends & Data
Madison County, North Carolina shows a strong Republican preference, with about 61% of the 2020 vote supporting the GOP. The Democrats attracted roughly 37%, indicating a clear conservative majority. Minor parties had minimal impact, each getting less than 1%, pointing to limited sway outside the two main parties. This political lean could influence future elections and potentially affect regional policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Madison County, North Carolina, the 2020 U.S. Presidential Election saw a significant leaning towards the Republican party with approximately 61% of the vote. The Democratic party secured nearly 37%, indicating a polarized but predominantly conservative voter base. Minor parties like the Libertarian and Green parties garnered less than 1% of the vote each, suggesting limited influence. The data reflects potential trends of voter preference that might be key in predicting future electoral outcomes in the county.
61.02% of voters voted for the Republican party in the 2020 Presidential Election
37.48% of voters voted for the Democrat party in the 2020 Presidential Election
0.79% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Green party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
Madison County, North Carolina has experienced notable shifts in its student-to-teacher ratio over the past decade, climbing from 14:1 in 2014 to a peak of 18:1 in 2019, before stabilizing at 15:1 in 2023. These changes might indicate varying levels of educational support, which could influence family relocation decisions and, by extension, property values and community development. A lower student-to-teacher ratio is often seen as a sign of better individualized attention for students, which... Read more
Student-to-teacher ratio in Madison County, North Carolina over the last 10 years
The student-to-teacher ratio in Madison County, North Carolina has shown significant fluctuation over the past decade, starting at around 14 students per teacher in 2014 and peaking at nearly 18 students per teacher in 2019. As of 2023, the ratio has moderated to 15, which aligns closely with the national average of 14. For potential investors, real estate agents, and residents, these changes might imply varying levels of educational support, potentially influencing family decisions on relocating and affecting property values and community development plans. Lower student-to-teacher ratios are often seen as indicators of better individualized attention for students, impacting educational outcomes and long-term community growth.
