Martin County Real Estate and Livability Trends
Martin County, North Carolina's financial health appears to be improving, with average taxable incomes rising from $37,091.45 in 2013 to $46,730.94 in 2021, suggesting a stronger local economy that might lure real estate investors. Despite home values increasing from $85,500 in 2015 to $99,200 in 2022, they still lag behind state and national figures, potentially presenting an attractive market... Read more
Martin County Market Trends
Over the past eight years, Martin County, North Carolina has seen its median home values rise from $85,500 in 2015 to $99,200 in 2022, yet these values still trail significantly behind the state and national medians. Notable peaks in residential energy tax credits, especially in 2018, suggest a local emphasis on energy efficiency which could influence property values. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Martin County, North Carolina Over the Last 8 Years
Over the past eight years, Martin County, North Carolina has seen its median home values rise from $85,500 in 2015 to $99,200 in 2022. Despite this increase, local values remain significantly lower when compared to both the state median of $234,900 and the national median of $179,400 in 2022. For those considering investing in or relocating to Martin County, this disparity suggests a more affordable housing market relative to broader trends, potentially offering value for money amidst rising property costs nationally and statewide. This trend might appeal to those looking for cost-effective housing alternatives within North Carolina.
Residential Energy Tax Credit Per Tax Return in Martin County, NC Over the Last 9 Years
Martin County, North Carolina has shown fluctuating trends in average residential energy tax credits per tax return over the past nine years. Notable spikes occurred in 2015, 2017, and particularly in 2018, where the average credit surged to $1650.00, highlighting potential increased investment in energy-efficient improvements during that period. For those considering real estate investments or property development, understanding these peaks and troughs in tax credits might hint at evolving local policies or resident priorities towards energy efficiency, which could, in turn, impact property values, market demands, and insurance assessments.
Average Real Estate Taxes Per Tax Return in Martin County, NC Over the Last 10 Years
Over the past decade, real estate taxes in Martin County, North Carolina have seen a notable increase, with an average per tax return rising from about $1,603.14 in 2012 to approximately $2,363.33 in 2021. This trend suggests a steady demand within the market, which could signal increasing property values. For potential investors and real estate agents, this upward trajectory might reflect a strong, potentially lucrative market. Those planning to move to the area or build properties might want to account for rising taxes in their financial planning, whereas insurance agents should consider these increasing values in their risk assessments.
Percentage of Farm Returns in Martin County, NC Over the Last 10 Years
Martin County, North Carolina has experienced a somewhat fluctuating trend in farm tax returns over the past decade, starting at approximately 2.99% in 2012 and decreasing to around 2.30% by 2021. Farm tax returns, which are tax documents filed by farm owners detailing income and expenses related to farm operations, provide insight into the agricultural sector's economic health. This decline might suggest a shrinkage in profit margins or possibly fewer farming operations, which could be essential for potential investors or residents interested in the local agricultural economy. Understanding these trends might help in making informed decisions regarding investment, property development, or moving to the area.
Number of Mortgages by Occupancy Type in Martin County, NC Over the Last 5 Years in Martin County
In Martin County, North Carolina, the number of mortgages has seen a distinct trend over the last five years, particularly for principal residences, which have shown a general increase from 499 in 2018 to 780 in 2021, before slightly decreasing to 648 in 2022. Investment property mortgages have remained fairly steady, although there's been a noticeable decline from 32 in 2020 to 20 in 2021. Second residences have fluctuated minimally, maintaining lower figures compared to other occupancy types. These changes in occupancy type have significant implications for investors, appraisers, and real estate agents as they reflect shifting demands and potential profitability in different property sectors. For insurance agents, understanding these trends is key for risk assessment and premium calculation. Homebuilders and developers might glean insights into where to focus their efforts, while potential movers could judge market saturation and competition.
Economic Outlook
Average taxable income per tax return in Martin County, North Carolina, has been on an upward trajectory, from $37,091.45 in 2013 to $46,730.94 in 2021. This steady growth could be a signal of a strengthening local economy, making the area potentially more attractive for investors and real estate professionals. State and local income taxes have seen some volatility, with the highest being $5,588.24 in 2019 and the lowest $4,189.87 in 2017, possibly reflecting economic shifts or tax policy... Read more
Average Taxable Income per Tax Return in Martin County, NC over the last 9 years
The average taxable income per tax return in Martin County, North Carolina has shown a general upward trend over the past nine years, with a noticeable increase from $37,091.45 in 2013 to $46,730.94 in 2021. This pattern of growth, which saw steady incremental increases each year, could make the area more appealing to prospective investors, appraisers, real estate agents, and those considering moving or building property in the region. The rise in taxable income might indicate a strengthening local economy, potentially driving up property values and altering the insurance landscape.
Average State and Local Income Taxes Per Tax Return in Martin County, NC Over the Last 10 Years
Over the past decade, Martin County, North Carolina has seen fluctuating trends in average state and local income taxes per tax return. The highest recorded value was in 2019 at $5,588.24, while the lowest was in 2017 at $4,189.87. This variation may reflect shifts in local economic conditions, tax policy changes, or income levels, making it a vital metric for investors, real estate agents, and residents to consider when assessing the financial landscape of the area.
Average Total Tax Liability Per Tax Return in Martin County, NC Over the Last 10 Years
Over the last decade, Martin County, North Carolina has seen fluctuations in average total tax liabilities per tax return, with a notable increase from around $5,176.61 in 2012 to approximately $5,839.58 in 2021. The period saw some peaks in 2017 and 2021, indicating possible changes in economic conditions or tax policies. Investors and real estate agents might be interested in these trends as they could impact property valuations and overall market conditions in the area. Appraisers and insurance agents should also consider these changes as they could influence assessments and policy pricing respectively.
Cost of Living in Martin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,020 | $1,291 | $2,445 | $1,453 | $1,409 |
| 1 adult 4 children | $1,020 | $1,054 | $1,875 | $1,453 | $1,493 |
| 2 adults 3 children | $1,020 | $1,055 | $2,119 | $1,453 | $1,149 |
| 1 adult 3 children | $1,020 | $861 | $1,549 | $1,453 | $1,185 |
| 2 adults 2 children | $771 | $863 | $1,793 | $1,255 | $935 |
| 1 adult 2 children | $771 | $645 | $1,223 | $1,255 | $869 |
| 2 adults 1 child | $771 | $682 | $1,467 | $615 | $810 |
| 1 adult 1 child | $771 | $441 | $896 | $615 | $659 |
| 2 adults | $611 | $548 | $1,140 | $0 | $645 |
| 1 adult | $607 | $299 | $570 | $0 | $556 |
Safety trends & Data
In Martin County, North Carolina, property crime trends over the last five years have shown notable fluctuations that can impact real estate decisions. Burglary incidents spiked to 32 cases in 2020 but dropped to just six by 2022. Larceny-theft peaked at 100 cases in 2018, descending to 71 by 2022. Sporadic cases of embezzlement, fraud, and vandalism have also emerged. These crime trends could influence property valuations, insurance premiums, and the attractiveness of local real estate... Read more
Property Crime Trends in Martin County, NC Over the Last 5 Years
Over the last five years, Martin County, North Carolina, has experienced fluctuations in property crime, with notable shifts in categories like burglary and larceny-theft. While incidents of burglary spiked to 32 cases in 2020, they dropped drastically by 2022 to just six. Larceny-theft saw a peak of 100 cases in 2018, descending to a still significant 71 cases by 2022. Emerging patterns reveal sporadic cases of embezzlement, fraud, and vandalism, which could impact property valuations and insurance premiums. For potential investors and current residents, these crime trends could influence decisions on local real estate developments, insurance options, and overall neighborhood security assessments.
Demographics
Martin County, North Carolina shows a female-leaning population with around a 1,500-person difference favoring women. The educational landscape skews heavily towards high school graduates and those with some college experience but no degree. The older age groups, particularly those 55 and over, make up a significant portion of the population, hinting at a potentially aging community. In terms of racial makeup, the county is predominantly White and Black or African American, with very small... Read more
Race Distribution in Martin County, North Carolina (2022)
Educational Attainment in Martin County, North Carolina (2022)
Age Distribution in Martin County, North Carolina
Citizen Population in Martin County, North Carolina (2022)
Political Trends & Data
In Martin County, North Carolina, the 2020 U.S. Presidential Election saw a slight Republican preference with about 52% of the vote, against Democrats’ close 47%. Though minor parties like Libertarians and Greens only collected just over 0.5%, the almost evenly split vote between the two major parties underscores the county's competitive political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Martin County, North Carolina, the 2020 U.S. Presidential Election results suggest a slight Republican lean with approximately 52% of the vote, while Democrats garnered close to 47%. Minor parties, including Libertarian and Green, combined for just over 0.5%, indicating limited local support for third-party candidates. The relatively close distribution between Republican and Democrat votes highlights the competitive nature of this county.
52.09% of voters voted for the Republican party in the 2020 Presidential Election
47.14% of voters voted for the Democrat party in the 2020 Presidential Election
0.47% 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
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Martin County, North Carolina's student-to-teacher ratio has seen notable fluctuations, peaking at 15 students per teacher in 2017 before stabilizing around the national average. These fluctuations are crucial for potential investors and homebuyers since they may influence perceptions of school quality and, consequently, property values and community appeal. Understanding these educational trends could guide decisions in school funding, community initiatives, and real... Read more
Student-to-teacher ratio in Martin County, North Carolina over the last 10 years
Over the last ten years, Martin County, North Carolina has experienced fluctuations in its student-to-teacher ratios. Since 2014, the ratio initially climbed from approximately 14 students per teacher to a peak of 15 in 2017, before dropping back near the national average. Variations in these ratios matter significantly for potential investors, homebuyers, and those involved in educational planning because they may impact perceptions of school quality which, in turn, can affect property values and community attractiveness. Understanding the local educational landscape can inform better decisions regarding school funding, community support initiatives, and real estate investments.
