Mecklenburg County Real Estate and Livability Trends
Mecklenburg County, North Carolina, is seeing a notable economic upswing with average taxable income per tax return climbing from around $69,720.55 in 2013 to roughly $112,111.25 in 2021. However, rising average state and local income taxes, increasing from $9,110.17 to $19,396.65 over the same period, might signal higher living costs. Real estate has followed suit with median home values jumping... Read more
Mecklenburg County Market Trends
In Mecklenburg County, North Carolina, median home values surged from $184,800 in 2015 to $334,700 in 2022, significantly outpacing statewide and national increases. This can attract investors but may mean higher entry costs for potential homeowners. Real estate taxes have also risen from $3,586.03 in 2012 to $5,690.75 by 2021, potentially affecting overall homeownership costs and property... Read more
Median Value of Occupied Housing Units in Mecklenburg County, North Carolina Over the Last 8 Years
Mecklenburg County, North Carolina, has experienced a substantial increase in median home values over the past eight years, jumping from $184,800 in 2015 to $334,700 in 2022. This growth rate significantly outpaces both the statewide increase—from $154,900 to $234,900—and the national rise—from $125,500 to $179,400—over the same period. Those looking to invest or build in Mecklenburg County may find this trend attractive, but potential homeowners might face higher entry costs compared to the broader state and national markets. For residents, this surge may translate to higher property values and, consequently, greater home equity.
Residential Energy Tax Credit Per Tax Return in Mecklenburg County, NC Over the Last 9 Years
In Mecklenburg County, North Carolina, the average residential energy tax credit per tax return has seen notable fluctuations over the past nine years. The most dramatic rise occurred in 2018, reaching a peak of $2784.08, which likely suggests significant investments in residential energy initiatives during that period. There were also sharp increases in 2015 and 2017 with averages around $611.24 and $637.64, respectively, which could signal sporadic but substantial incentives or uptake in energy-efficient upgrades. This progression is important for potential investors, property builders, real estate agents, and homeowners as it highlights periods of heightened energy efficiency activity, possibly correlating with favorable policy changes or technological advancements in the county.
Average Real Estate Taxes Per Tax Return in Mecklenburg County, NC Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Mecklenburg County, North Carolina have shown a persistent upward trend, starting at around $3,586.03 in 2012 and reaching approximately $5,690.75 by 2021. The significant increase observed in 2018, where the average jumped to $5,306.95, suggests possible reassessment or policy changes during that year. This steady rise is an essential consideration for potential homebuyers, investors, appraisers, and insurance agents as it may impact overall cost of home ownership and property valuations in the area.
Percentage of Farm Returns in Mecklenburg County, NC Over the Last 10 Years
For the past decade, the percentage of farm tax returns in Mecklenburg County, North Carolina, has shown a decline, starting from approximately 0.14% in 2012 to about 0.10% in 2021. Farm tax returns, which are filings that indicate income generated from agricultural activities, can reflect the economic health and scale of farming within a region. This downward trend could suggest a decrease in farming activity or a shift towards other types of local industry and development. For investors, real estate developers, or those considering moving to Mecklenburg County, this trend might hint at broader economic transformations, such as urbanization or shifts in business focus.
Number of Mortgages by Occupancy Type in Mecklenburg County, NC Over the Last 5 Years in Mecklenburg County
Over the last five years, Mecklenburg County, North Carolina has seen significant fluctuations in the number of mortgages for different occupancy types. Principal residences consistently form the majority and substantially impact overall mortgage trends, peaking in 2020 with over 100,000 mortgages. Investment properties showed a rising trend until 2021 before dropping sharply in 2022, reflecting possible shifts in market attractiveness or broader economic factors. Mortgages for second residences have fluctuated but remain a small fraction compared to the other types. These changes are crucial for investors deciding where to allocate resources, real estate agents strategizing marketing efforts, and insurers assessing risk profiles. Knowing these trends helps in making informed decisions about property investments, determining neighborhood stability, and predicting future market performance.
Economic Outlook
Mecklenburg County, North Carolina has experienced a significant rise in average taxable income per tax return, jumping from roughly $69,720.55 in 2013 to around $112,111.25 in 2021. This economic growth could be a draw for investors and real estate professionals eyeing a thriving market. However, the accompanying increase in average state and local income taxes, climbing from $9,110.17 in 2012 to $19,396.65 in 2021, might raise concerns about higher living costs. The region's rising total tax... Read more
Average Taxable Income per Tax Return in Mecklenburg County, NC over the last 9 years
Mecklenburg County, North Carolina has seen a noticeable increase in average taxable income per tax return over the past nine years, growing from approximately $69,720.55 in 2013 to about $112,111.25 in 2021. This upward trend highlights an economic growth that could appeal to potential investors and real estate agents looking to capitalize on a prospering market. It also suggests a flourishing local economy, which may interest insurance agents and appraisers considering property values and risk assessments, as well as individuals and families contemplating a move to the area.
Average State and Local Income Taxes Per Tax Return in Mecklenburg County, NC Over the Last 10 Years
Mecklenburg County, North Carolina, has seen a notable increase in average state and local income taxes per tax return over the last decade. From $9,110.17 in 2012, taxes have surged to $19,396.65 by 2021, reflecting a significant upward trend especially marked from 2018 onwards. This rise may catch the eye of investors, real estate professionals, and potential new residents, suggesting economic growth and higher incomes but also potentially higher living costs and tax burdens.
Average Total Tax Liability Per Tax Return in Mecklenburg County, NC Over the Last 10 Years
The average total tax liability per tax return in Mecklenburg County, North Carolina has shown a gradual upward trajectory over the past decade, with notable increases particularly between 2015 and 2021. The tax liability rose from approximately $14,109.64 in 2012 to about $23,463.40 in 2021. Such trends might reflect the region's rising incomes and economic growth, potentially making it an attractive area for investors and real estate professionals to consider. However, higher tax liabilities could also impact housing affordability, which is a crucial consideration for both current and prospective residents.
Cost of Living in Mecklenburg County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,813 | $1,685 | $1,810 | $1,596 | $1,801 |
| 1 adult 4 children | $1,813 | $1,376 | $1,383 | $1,596 | $1,881 |
| 2 adults 3 children | $1,813 | $1,377 | $1,571 | $1,596 | $1,498 |
| 1 adult 3 children | $1,813 | $1,124 | $1,144 | $1,596 | $1,625 |
| 2 adults 2 children | $1,429 | $1,127 | $1,332 | $1,407 | $1,175 |
| 1 adult 2 children | $1,429 | $842 | $905 | $1,407 | $1,218 |
| 2 adults 1 child | $1,429 | $891 | $1,093 | $794 | $1,044 |
| 1 adult 1 child | $1,429 | $575 | $666 | $794 | $931 |
| 2 adults | $1,265 | $715 | $854 | $0 | $837 |
| 1 adult | $1,237 | $390 | $427 | $0 | $731 |
Safety trends & Data
Property crime is on the decline in Mecklenburg County, North Carolina, with significant drops in Burglary and Larceny-Theft over the past five years. The Larceny-Theft incidents fell from 3,552 in 2018 to 1,756 in 2022, and Burglary declined from 806 to 660 over the same period. Meanwhile, Motor Vehicle Theft remains relatively stable. Declines in crimes like Fraud, Embezzlement, and Forgery suggest evolving socio-economic conditions or effective law enforcement strategies. These trends might... Read more
Property Crime Trends in Mecklenburg County, NC Over the Last 5 Years
Property crime trends in Mecklenburg County, North Carolina show a marked decrease in certain crimes like Burglary and Larceny-Theft over the last five years. Notably, Larceny-Theft incidents dropped from 3,552 in 2018 to 1,756 in 2022, and Burglary from 806 in 2018 to 660 in 2022. Though Motor Vehicle Theft figures remain relatively stable, there are minor fluctuations year-on-year. Crimes like Fraud, Embezzlement, and Forgery have also seen a declining trend. These shifts could be indicative of evolving socio-economic conditions or impactful law enforcement strategies, making Mecklenburg County potentially appealing for investors, property developers, and residents focused on safety.
Demographics
Mecklenburg County, North Carolina's population dynamics reveal a slightly higher proportion of women, contributing to a nuanced gender balance. Higher education attainment is solid, with most adults having at least some college education, hinting at a relatively educated workforce. The age distribution shows a young, vibrant community with a large number of residents in the 25 to 34-year range. Racial diversity is noticeable, dominated by White and Black or African American populations, yet... Read more
Race Distribution in Mecklenburg County, North Carolina (2022)
Educational Attainment in Mecklenburg County, North Carolina (2022)
Age Distribution in Mecklenburg County, North Carolina
Citizen Population in Mecklenburg County, North Carolina (2022)
Political Trends & Data
In Mecklenburg County, North Carolina, the real estate market may be swayed by a predominantly Democratic voter base, with around two-thirds leaning toward that party. This urban preference could shape housing policies, development priorities, and local elections, possibly making the area more appealing to certain demographics. Buyers and investors might take note of this political landscape, as it might influence future market dynamics and community planning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mecklenburg County, North Carolina, appears to lean heavily Democratic, with approximately two-thirds of the votes potentially going to that party. The Republican party may have attracted around a third of the electorate, while minor parties like the Libertarian and the Green parties combined likely accounted for less than 2% of the vote. This trend might reflect an urban voter base inclined toward Democratic policies, possibly impacting future state and local elections significantly.
31.60% of voters voted for the Republican party in the 2020 Presidential Election
66.68% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% 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
0.48% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mecklenburg County, North Carolina has experienced a notable increase in student-to-teacher ratios over the past decade, jumping from 17 students per teacher in 2014 to 23 students per teacher in 2023. This growing gap compared to the national average of 14 students per teacher might hint at larger class sizes, possibly affecting education quality. For real estate investors and potential residents, these trends suggest the area could benefit from more educational infrastructure to accommodate... Read more
Student-to-teacher ratio in Mecklenburg County, North Carolina over the last 10 years
Over the past decade, Mecklenburg County, North Carolina has seen fluctuating student-to-teacher ratios, with a notable increase. From 2014's 17 students per teacher to 2023's spike to 23 students per teacher, the ratios have varied significantly. This is important because higher ratios might indicate larger class sizes, potentially impacting the quality of education and individual attention students receive. Comparing these ratios to the national average of 14 students per teacher highlights a growing gap. For those investing in real estate or considering moving to this area, these trends could suggest a need for more educational infrastructure to handle increasing student populations efficiently. Appraisers and insurance agents might find this relevant when assessing the value and risk of properties, especially in terms of community desirability and school district quality.
