McDowell County Real Estate and Livability Trends
McDowell County, North Carolina has seen an impressive rise in average taxable income per tax return, jumping from $39,478.46 in 2013 to $54,158.10 in 2021, signaling possible opportunities for investors and developers. Median home values have surged from $98,400 in 2015 to $153,300 by 2022, still below the state and national averages, which might suggest untapped potential in the market. Real... Read more
McDowell County Market Trends
Median home values in McDowell County, North Carolina, surged from $98,400 in 2015 to $153,300 in 2022 but still lag behind state and national averages, hinting at potential investment opportunities. The county has experienced notable fluctuations in average residential energy tax credits, peaking at $2,225.00 in 2018 before declining to $912.50 in 2021. Real estate taxes in McDowell County saw a... Read more
Median Value of Occupied Housing Units in McDowell County, North Carolina Over the Last 8 Years
Over the last eight years, median home values in McDowell County, North Carolina have shown a consistent upward trend, surging from $98,400 in 2015 to $153,300 in 2022. While this growth is substantial, it's worth noting that the median values in McDowell County still hover below both state and national averages. In comparison, North Carolina’s median home value jumped from $154,900 in 2015 to $234,900 in 2022, and at the national level, median values increased from $125,500 to $179,400 over the same period. This could imply that McDowell County might present an attractive opportunity for investors seeking to capitalize on a still-appreciating market with potentially lower initial costs than other locations.
Residential Energy Tax Credit Per Tax Return in McDowell County, NC Over the Last 9 Years
Over the past nine years, McDowell County, North Carolina, has exhibited notable fluctuations in its average residential energy tax credit per tax return. After relatively modest values from 2013 to 2017, there was a significant spike to $2,225.00 in 2018, followed by a gradual decline to $912.50 in 2021. This volatility suggests varying levels of investment or incentives in residential energy efficiency across different years, which could be of interest to investors, real estate agents, and insurance agents looking to understand energy efficiency trends and potential costs within the county.
Average Real Estate Taxes Per Tax Return in McDowell County, NC Over the Last 10 Years
Over the last decade, McDowell County, North Carolina has seen a significant rise in average real estate taxes per tax return, with a gradual increase from approximately $1,464.52 in 2012 to around $3,511.54 by 2021. The most notable spike occurred between 2017 and 2018, where taxes jumped from $1,774.23 to $2,632.76. This trend could signal increasing property values, making it a potentially attractive area for real estate investors but potentially a concern for current and future homeowners regarding affordability. Appraisers and insurance agents might find this data valuable for assessing the market and anticipating future trends.
Percentage of Farm Returns in McDowell County, NC Over the Last 10 Years
Over the last decade, McDowell County, North Carolina has seen a slight but steady decline in the percentage of farm tax returns, dropping from about 1.27% in 2012 to roughly 0.90% in 2021. Farm tax returns represent the formal reporting of farm income for taxation purposes, providing insights into the agricultural activity within the county. This downward trend hints at either a reduction in the number of active farms or a potential shift in the local economy towards other industries. For investors or individuals interested in this region, this data could influence decisions related to agricultural investments, property development, or economic diversification strategies.
Number of Mortgages by Occupancy Type in McDowell County, NC Over the Last 5 Years in McDowell County
In McDowell County, North Carolina, there have been notable shifts in mortgage counts for different property types over the last five years. Principal residences have consistently dominated the mortgage landscape, peaking in 2021 with 2,430 mortgages but showing a decline to 1,768 by 2022. Investment properties and second homes, while significantly fewer in number compared to principal residences, have shown subtle variations, with investment property mortgages peaking at 96 in 2021 and second residences reaching their highest at 239 the same year. This shift in occupancy types can provide valuable insights for potential investors, builders, real estate agents, and those considering relocating. An increase in principal residence mortgages might indicate a growing population or a thriving housing market, whereas heightened interest in investment properties and second homes could suggest a robust market for rental properties or vacation homes, reflecting broader economic or lifestyle trends.
Economic Outlook
McDowell County, North Carolina has seen average taxable income per tax return surge from around $39,478.46 in 2013 to about $54,158.10 in 2021, potentially drawing the interest of investors and developers. Over the last decade, state and local income taxes per tax return also increased significantly, peaking at $9,959.26 in 2020, hinting at economic growth or tax policy changes. The average total tax liability has followed a similar upward trend, climbing from $4,569.62 in 2012 to $7,057.79 in... Read more
Average Taxable Income per Tax Return in McDowell County, NC over the last 9 years
McDowell County, North Carolina has experienced a notable increase in average taxable income per tax return over the past nine years, with a rise from approximately $39,478.46 in 2013 to roughly $54,158.10 in 2021. This uptrend may potentially attract investors and developers, given the area's growing economic strength. Real estate agents, appraisers, and insurance professionals might find this trend advantageous in assessing property values and market conditions. Such financial growth hints at an improving standard of living, appealing to those considering relocation to the county.
Average State and Local Income Taxes Per Tax Return in McDowell County, NC Over the Last 10 Years
Over the last decade, McDowell County, North Carolina, has seen a noticeable rise in average state and local income taxes per tax return, moving from $4,866.33 in 2012 to $9,668.52 in 2021. Dramatic jumps particularly occurred after 2017, with a substantial increase to $6,980.36 in 2018 and continuing upwards to peak at $9,959.26 in 2020 before slightly tapering off. This may suggest economic growth or changes in tax policy impacting residents, something that investors, real estate professionals, and those planning to move to the area might find highly relevant for financial planning and property investment strategies.
Average Total Tax Liability Per Tax Return in McDowell County, NC Over the Last 10 Years
In McDowell County, North Carolina, the average total tax liability per tax return has seen a steady increase over the past decade. From $4,569.62 in 2012 to $7,057.79 in 2021, this upward trend suggests a growing economic base and possibly rising incomes in the area. For those looking to invest, build property, or operate in real estate, these figures could signal a strengthening local economy. However, it might also mean higher costs for residents and businesses, which could influence appraisals, insurance policies, and overall financial planning.
Cost of Living in McDowell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $938 | $1,295 | $2,023 | $1,135 | $1,092 |
| 1 adult 4 children | $938 | $1,057 | $1,549 | $1,135 | $1,169 |
| 2 adults 3 children | $938 | $1,058 | $1,754 | $1,135 | $880 |
| 1 adult 3 children | $938 | $864 | $1,280 | $1,135 | $880 |
| 2 adults 2 children | $771 | $866 | $1,485 | $989 | $776 |
| 1 adult 2 children | $771 | $647 | $1,011 | $989 | $690 |
| 2 adults 1 child | $771 | $684 | $1,217 | $512 | $713 |
| 1 adult 1 child | $771 | $442 | $743 | $512 | $586 |
| 2 adults | $673 | $550 | $948 | $0 | $613 |
| 1 adult | $541 | $300 | $474 | $0 | $504 |
Safety trends & Data
Property crime in McDowell County, North Carolina has fluctuated over the past five years, peaking in 2018 with Larceny-Theft at 155.00 and Burglary at 100.00 cases. Though numbers dipped in 2019, there was a slight uptick through 2022. Arson stayed low, between 1.00 and 2.00 annually. High counts of Burglary and Larceny-Theft could be focal points for investors and residents looking to enhance security, as these trends influence property valuations and insurance... Read more
Property Crime Trends in McDowell County, NC Over the Last 5 Years
Property crime trends in McDowell County, North Carolina, show a notable fluctuation over the past five years. The peak was in 2018 with significant numbers like Larceny-Theft at 155.0 and Burglary at 100.0 cases, while a noticeable reduction occurred in 2019, yet saw a slight resurgence through 2022. Arson remained consistently low with values between 1.0 and 2.0 annually. Burglary and Larceny-Theft are of particular interest due to their considerable counts, signaling areas both investors and residents might scrutinize for security improvements. Real estate agents and property developers should be aware of these trends as they highlight the county's evolving safety landscape, impacting property valuations and insurance considerations.
Demographics
McDowell County, North Carolina shows a nearly equal distribution of adult males and females, with both groups hovering around 17,300 individuals. Educational attainment varies widely, with the highest number of residents, 11,223 individuals, being high school graduates or equivalent. The county’s racial composition is predominantly White, with about 39,732 individuals, followed by smaller populations of Black or African American residents and other races. For age distribution, there's a... Read more
Race Distribution in McDowell County, North Carolina (2022)
Educational Attainment in McDowell County, North Carolina (2022)
Age Distribution in McDowell County, North Carolina
Citizen Population in McDowell County, North Carolina (2022)
Political Trends & Data
McDowell County, North Carolina, leans conservatively, as evidenced by the Republican party's significant support in the 2020 U.S. Presidential Election. Democratic candidates received a modest portion of the vote, while Libertarian and Green parties saw minimal backing, suggesting that the local electorate may not be highly receptive to alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In McDowell County, North Carolina, the 2020 U.S. Presidential Election results suggest a strong preference for the Republican party, potentially indicating a conservative leaning within the voter base. The Democratic party appears to have garnered a modest share of the vote, while third-party candidates from the Libertarian and Green parties received minimal support, hinting that the electorate may not be highly receptive to alternative political platforms.
73.39% of voters voted for the Republican party in the 2020 Presidential Election
25.35% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
In McDowell County, North Carolina, the student-to-teacher ratio has generally hovered around the national average of 14 students per teacher over the past decade, with occasional peaks close to 15. This consistency may signal steady demand for local schools, potentially impacting property values and investment decisions in the area. For real estate agents, these ratios could reflect stable interest in local educational facilities, while for insurance agents, understanding these trends might... Read more
Student-to-teacher ratio in Mcdowell County, North Carolina over the last 10 years
Over the last decade in McDowell County, North Carolina, the student-to-teacher ratio has shown fluctuations but remained largely comparable to the national average of 14 students per teacher. Despite some peaks such as 15 in 2014 and a rise to almost 15 in 2022, ratios have often stabilized around 14. This could matter for those looking to invest in, or move to McDowell County as a lower student-to-teacher ratio might suggest more personalized attention for students, potentially translating to better educational outcomes. For real estate agents and appraisers, consistent ratios around the national average might indicate steady demand for local schools, influencing property values. Insurance agents might also find these trends useful when assessing risk factors related to educational facilities. Understanding these dynamics could be key for those with a vested interest in the area.
