Montgomery County Real Estate and Livability Trends
Montgomery County, North Carolina's real estate market has seen a gradual rise in median home values from $90,900 in 2015 to $139,900 by 2022, highlighting its affordability compared to the state's median of $234,900. Significant increases in real estate taxes, from $2,209.73 in 2012 to $4,662.16 in 2021, possibly indicate rising property values and local infrastructure improvements. The surge in... Read more
Montgomery County Market Trends
Montgomery County, North Carolina's real estate market has shown a steady rise in median home values, moving from $90,900 in 2015 to $139,900 in 2022, standing out for its relative affordability compared to the state's median of $234,900. Real estate taxes have increased significantly, from $2,209.73 in 2012 to $4,662.16 in 2021, which could indicate rising property values and local... Read more
Median Value of Occupied Housing Units in Montgomery County, North Carolina Over the Last 8 Years
Over the past eight years, Montgomery County in North Carolina has seen a steady increase in median home values, climbing from $90,900 in 2015 to $139,900 in 2022. While this trend mirrors the overall upward trajectory seen across the state and nation, Montgomery County's growth rate is particularly relevant for potential investors and residents due to its relative affordability. Compared to the statewide median of $234,900 and the national median of $179,400 in 2022, Montgomery County offers a significant cost advantage, potentially indicating untapped investment opportunities and a more manageable entry point for first-time homebuyers.
Residential Energy Tax Credit Per Tax Return in Montgomery County, NC Over the Last 8 Years
Over the past 8 years, Montgomery County, North Carolina has seen significant fluctuations in residential energy tax credits per tax return. Starting at approximately $361.11 in 2013, there was a noticeable increase, topping $611.76 in 2016 before dropping to $385.71 in 2017. The most dramatic growth occurred between 2019 and 2021, soaring to over $1,028.57. This data might interest potential investors, homeowners, and real estate professionals, as it suggests an escalating emphasis on residential energy efficiency, possibly hinting at growing investment in sustainable home improvements and influencing property valuations.
Average Real Estate Taxes Per Tax Return in Montgomery County, NC Over the Last 10 Years
Montgomery County, North Carolina has seen a notable upward trend in real estate taxes per tax return over the past decade, increasing from approximately $2,209.73 in 2012 to roughly $4,662.16 in 2021. The sharpest increase occurred between 2017 and 2018, where taxes jumped from $2,862.96 to $4,202.13. This could signal increasing property values, improvements in local infrastructure, or changes in tax policy. Such trends are vital for investors, homeowners, appraisers, and insurance agents, as they may impact property costs, premiums, and overall investment potential in the county.
Percentage of Farm Returns in Montgomery County, NC Over the Last 10 Years
In Montgomery County, North Carolina, the percentage of farm tax returns has generally experienced a slight decline over the past decade, with a notable dip starting in 2015. These percentages, fluctuating between 1.79% and 2.30%, may indicate varying levels of agricultural activity and economic factors impacting local farms. Understanding these trends can be crucial for those considering investments, property development, or relocation, as it provides insights into the county's agricultural viability and economic health.
Number of Mortgages by Occupancy Type in Montgomery County, NC Over the Last 5 Years in Montgomery County
In Montgomery County, North Carolina, the number of mortgages for principal residences has consistently been higher compared to investment and second residences over the past five years. However, there was a notable dip in 2022, indicating potential shifts in housing preferences, which might be crucial for investors and homebuilders. Lower counts in investment and second property mortgages could suggest changes in the local economic landscape, possibly making the area less attractive for short-term investors but more stable for long-term residents. Real estate agents and appraisers may want to consider these trends when advising clients, and insurance agents should be aware of fluctuating occupancy dynamics to adjust risk assessments accordingly.
Economic Outlook
Montgomery County, North Carolina has seen a consistent increase in average taxable income per tax return, peaking at $61,522.51 in 2021. This trend might indicate a healthier economy and rising earning potential, attracting investors and real estate agents. The climb in average state and local income taxes, reaching $15,039.47 in 2021, could reflect economic growth or tax policy changes, suggesting shifts in financial responsibility. Additionally, a notable rise in average total tax liability... Read more
Average Taxable Income per Tax Return in Montgomery County, NC over the last 9 years
Montgomery County, North Carolina has seen a consistent increase in average taxable income per tax return over the last nine years, hitting a peak of $61,522.51 in 2021. This upward trend may signal a healthier economy and rising earning potential in the area, making it an attractive location for investors, real estate agents, and new residents. Additionally, the steady growth could inspire confidence in appraisers and insurance agents assessing property values.
Average State and Local Income Taxes Per Tax Return in Montgomery County, NC Over the Last 10 Years
Over the past decade, Montgomery County, North Carolina has seen a notable climb in average state and local income taxes per tax return. Starting at $5,804.62 in 2012, the amount increased relatively steadily, peaking at $15,039.47 in 2021. This trend may suggest a growing local economy or adjustments in tax policies impacting residents. For potential investors, real estate agents, and insurance adjusters, this upward trajectory in taxes could reflect underlying economic growth and shifts in financial responsibility towards taxpayers.
Average Total Tax Liability Per Tax Return in Montgomery County, NC Over the Last 10 Years
Montgomery County, North Carolina, has experienced a notable increase in average total tax liability per tax return over the past decade, with amounts rising from roughly $5,873.00 in 2012 to approximately $10,234.56 by 2021. This upward trend could suggest growing incomes or property values, making it an area of interest for investors and real estate professionals. Builders and appraisers might also see this as an indicator of a strong or improving local economy, which may justify higher property valuations and future development potential. However, the fluctuating values highlight the importance of careful analysis before making long-term financial decisions.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $960 | $1,271 | $2,154 | $1,177 | $1,179 |
| 1 adult 4 children | $960 | $1,038 | $1,650 | $1,177 | $1,259 |
| 2 adults 3 children | $960 | $1,038 | $1,868 | $1,177 | $945 |
| 1 adult 3 children | $960 | $848 | $1,364 | $1,177 | $967 |
| 2 adults 2 children | $771 | $850 | $1,581 | $1,020 | $822 |
| 1 adult 2 children | $771 | $635 | $1,077 | $1,020 | $743 |
| 2 adults 1 child | $771 | $672 | $1,295 | $507 | $745 |
| 1 adult 1 child | $771 | $434 | $791 | $507 | $613 |
| 2 adults | $611 | $540 | $1,008 | $0 | $620 |
| 1 adult | $607 | $294 | $504 | $0 | $549 |
Safety trends & Data
Property crime trends in Montgomery County, North Carolina, have shown significant fluctuations over the past five years. Burglary incidents dropped from 36.00 in 2018 to 21.00 in 2022, and larceny-theft fell from 129.00 to 44.00 in the same period. Vandalism also reduced dramatically from 62.00 to 6.00. While motor vehicle theft edged up slightly from 2.00 to 7.00, the general decline in property crime could potentially affect real estate appraisals positively and might lead to lower insurance... Read more
Property Crime Trends in Montgomery County, NC Over the Last 5 Years
Over the last five years in Montgomery County, North Carolina, the property crime trends reveal significant fluctuations. Burglary saw a notable decline from 36.0 incidents in 2018 to 21.0 in 2022. Larceny-Theft has also seen a consistent drop, from 129.0 in 2018 to 44.0 by 2022. Incidents of vandalism and fraud have varied, with vandalism peaking at 62.0 in 2018 but dropping significantly to just 6.0 in 2022. Motor vehicle theft saw a slight increase from 2.0 in 2018 to 7.0 in 2022. For those looking to invest or move into the area, these trends suggest a notable improvement in property safety over recent years, which could be a compelling factor in real estate appraisals and insurance rates.
Demographics
Montgomery County, North Carolina showcases a nearly equal male-to-female ratio among adults, indicating balanced gender representation which can be crucial for social dynamics and local policy-making. The educational landscape reveals a notable segment with only a high school diploma or less, potentially influencing workforce qualifications and economic initiatives. Age distribution indicates a significant proportion of the population is approaching retirement age, stressing the possible need... Read more
Race Distribution in Montgomery County, North Carolina (2022)
Educational Attainment in Montgomery County, North Carolina (2022)
Age Distribution in Montgomery County, North Carolina
Citizen Population in Montgomery County, North Carolina (2022)
Political Trends & Data
Montgomery County, North Carolina, appears to lean heavily Republican with around 65% of the vote reportedly going to the GOP, while the Democratic candidate attracts about 34%. Minor parties, including Libertarians and Greens, collectively capture less than 1% of the vote. This conservative voter base likely influences local and state policies to reflect Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montgomery County, North Carolina, might show a strong Republican preference with approximately 65% of the vote, whereas support for the Democratic candidate appears to be around 34%. The minor parties, including Libertarians and Greens, collectively seem to garner less than 1% of the vote. This distribution could signify a predominantly conservative voter base, potentially impacting local and state policies to align with Republican ideals.
65.46% of voters voted for the Republican party in the 2020 Presidential Election
33.68% of voters voted for the Democrat party in the 2020 Presidential Election
0.61% 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
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Montgomery County, North Carolina, has experienced fluctuations in its student-to-teacher ratio over the past decade, with a recent increase to 16 students per teacher in 2023. This shift potentially affects local real estate appeal and investment attractiveness, indicating possible challenges in the education system. Higher ratios could signal crowded classrooms, influencing families to consider areas with ratios closer to the national average of 14 students per teacher, thereby impacting... Read more
Student-to-teacher ratio in Montgomery County, North Carolina over the last 10 years
Montgomery County, North Carolina has seen its student-to-teacher ratio fluctuate over the past ten years, with a notable rise in recent years, reaching 16 students per teacher in 2023. These variations impact investment attractiveness, local real estate value, and educational quality. For investors and real estate agents, a higher ratio could indicate potential challenges in the local education system, affecting property desirability. For prospective residents and those with school-age children, these numbers might signal crowded classrooms, potentially driving a preference for alternate areas with ratios closer to or below the national average of 14 students per teacher. Understanding these trends is essential for appraisers and insurance agents assessing property values and risks, given that education quality can significantly sway real estate markets.
