New Hanover County Real Estate and Livability Trends
New Hanover County, North Carolina, has seen remarkable economic growth with average taxable income per tax return rising from $57,984.85 in 2013 to $102,594.96 in 2021, likely attracting higher-income residents and driving demand for luxury real estate. Median home values have also surged from $214,300 in 2015 to $320,000 in 2022, outpacing state and national appreciation rates, potentially... Read more
New Hanover County Market Trends
New Hanover County, North Carolina has seen a notable jump in median home values, leaping from $214,300 in 2015 to $320,000 in 2022. This outpaces state and national appreciation rates, potentially appealing to investors and homebuyers. The county has experienced fluctuations in average residential energy tax credits, peaking at $2,650.00 in 2018, indicating interest in energy-efficient home... Read more
Median Value of Occupied Housing Units in New Hanover County, North Carolina Over the Last 8 Years
In recent years, New Hanover County, North Carolina has experienced a consistent increase in median home values, jumping from $214,300 in 2015 to $320,000 in 2022. Compared to the state of North Carolina overall, which saw its median values rise from $154,900 to $234,900 in the same period, New Hanover County is becoming more valuable at a faster rate. Nationally, home values increased from $125,500 to $179,400, indicating that New Hanover County's market is appreciating significantly faster than the national average. This rapid growth may appeal to investors and potential homebuyers looking to capitalize on an upward trend, while current residents might appreciate their rising home equity.
Residential Energy Tax Credit Per Tax Return in New Hanover County, NC Over the Last 9 Years
The data from New Hanover County, North Carolina shows notable fluctuations in average residential energy tax credits per tax return over the last nine years. The significant spike in 2018, where credits jumped to $2,650.00, and higher averages in subsequent years, suggest increased investment in energy-efficient home improvements. This trend can indicate a growing awareness and adoption of green technologies among homeowners. Such data could interest investors, builders, and real estate agents by highlighting the region's responsiveness to energy-saving initiatives, potentially boosting property values and making the area more attractive for eco-conscious buyers.
Average Real Estate Taxes Per Tax Return in New Hanover County, NC Over the Last 10 Years
Over the last decade in New Hanover County, North Carolina, the average real estate taxes per tax return have seen a clear upward trend. From $2,745.96 in 2012, taxes have increased to $4,824.76 by 2021. This consistent rise could be indicative of the growing value of property in the area, which is a crucial consideration for investors, builders, and real estate professionals. Understanding this trend is essential for those looking to make informed decisions related to appraisals, insurance, and property investments in the county.
Percentage of Farm Returns in New Hanover County, NC Over the Last 10 Years
Farm tax returns in New Hanover County have fluctuated slightly over the last decade, showing a peak at 0.21% in 2012 and a low of 0.17% in 2021. These percentages reflect the portion of tax returns filed by farms in the area, indicating minor variations but generally a small share of the total tax returns. This is relevant for investors or potential residents to understand the agricultural landscape and its economic footprint. New Hanover County's farming sector represents a modest segment of its economy, which could imply less dependency on agriculture compared to other regions, a factor worth considering when evaluating its investment opportunities or lifestyle choices.
Number of Mortgages by Occupancy Type in New Hanover County, NC Over the Last 5 Years in New Hanover County
New Hanover County, North Carolina has experienced notable shifts in mortgage trends by occupancy type over the past five years. Principal residences consistently dominate but have shown significant oscillations, peaking around 2020 and declining afterward. Mortgages for investment properties saw a sharp rise in 2021 which could indicate heightened investor activity, possibly driven by market conditions or rising rental demand. Second residences haven't fluctuated as dramatically but saw a dip in 2022. Investors and real estate agents should consider these occupancy trends for market insights, while appraisers and insurance agents might need to anticipate changes in property valuations and risk profiles. Building developers could align new projects with the peaks and troughs in these segments to optimize returns.
Economic Outlook
New Hanover County, North Carolina, has witnessed significant economic growth over the past decade, with average taxable income per tax return skyrocketing from $57,984.85 in 2013 to $102,594.96 in 2021. This could imply that the county is attracting higher-income residents, potentially driving demand for luxury real estate and development projects. Concurrently, state and local income taxes surged, particularly post-2017, signaling possible shifts in tax policy or broader economic growth, with... Read more
Average Taxable Income per Tax Return in New Hanover County, NC over the last 9 years
Over the past nine years, New Hanover County, North Carolina has seen a noteworthy increase in average taxable income per tax return, growing from approximately $57,984.85 in 2013 to about $102,594.96 in 2021. This upward trajectory suggests that the county is experiencing economic growth, which could be attractive for potential investors, homebuyers, and businesses considering the area. For real estate agents and property developers, this income boost may indicate a rising demand for higher-end properties. Insurance agents and appraisers might find that this growing affluence translates to higher value homes and assets, warranting greater attention to nuanced valuations.
Average State and Local Income Taxes Per Tax Return in New Hanover County, NC Over the Last 10 Years
Over the last decade, state and local income taxes per tax return in New Hanover County, North Carolina have shown a notable upward trend, especially post-2017. Figures hovered around $8,000.00 to $8,400.00 before jumping to over $12,000.00 in 2018 and progressively rising to $21,464.69 by 2021. This substantial increase might suggest broad economic growth or changes in tax policy impacting residents. Investors and real estate agents could see this trend reflecting the county's enhanced revenue capabilities and potential for infrastructure improvements, while appraisers and insurance agents may need to consider the associated impacts on property values and living costs.
Average Total Tax Liability Per Tax Return in New Hanover County, NC Over the Last 10 Years
The average total tax liability per tax return in New Hanover County, North Carolina, has seen a notable rise over the past decade. From $10,679.28 in 2012, it has nearly doubled to $20,698.05 by 2021, with a significant jump observed between 2019 and 2021. This upward trend could reflect growing incomes or changes in tax policy, and it’s essential for potential investors, property developers, and real estate professionals to consider the increasing tax burden when evaluating the county's economic landscape.
Cost of Living in New Hanover County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,669 | $1,653 | $2,205 | $1,390 | $1,745 |
| 1 adult 4 children | $1,669 | $1,350 | $1,688 | $1,390 | $1,818 |
| 2 adults 3 children | $1,669 | $1,350 | $1,912 | $1,390 | $1,446 |
| 1 adult 3 children | $1,669 | $1,102 | $1,395 | $1,390 | $1,540 |
| 2 adults 2 children | $1,259 | $1,105 | $1,619 | $1,226 | $1,111 |
| 1 adult 2 children | $1,259 | $826 | $1,102 | $1,226 | $1,107 |
| 2 adults 1 child | $1,259 | $874 | $1,326 | $692 | $1,004 |
| 1 adult 1 child | $1,259 | $564 | $810 | $692 | $831 |
| 2 adults | $1,108 | $702 | $1,033 | $0 | $803 |
| 1 adult | $853 | $383 | $517 | $0 | $614 |
Safety trends & Data
New Hanover County, North Carolina has seen a significant decrease in property crimes over the past five years. Burglary cases have nearly halved from 238.00 in 2018 to 120.00 in 2022, and fraud incidents dropped impressively from 323.00 to 123.00. Even larceny-theft, the most common crime, decreased from 695.00 in 2018 to 327.00 in 2022. Arson cases and motor vehicle thefts have remained relatively low and stable. This trend could signal a generally improving safety environment, likely... Read more
Property Crime Trends in New Hanover County, NC Over the Last 5 Years
Over the past five years, New Hanover County, North Carolina has exhibited a notable decrease in several property crimes. Burglary cases have nearly halved from 238.00 in 2018 to 120.00 in 2022, and fraud incidents have seen a significant drop from 323.00 to 123.00 during the same period. While larceny-theft remains the most prevalent, it too has shown a downward trend, falling from 695.00 in 2018 to 327.00 in 2022. Arson cases and motor vehicle thefts have remained relatively low and stable. This trend suggests a generally improving safety environment, which could appeal to potential investors, real estate agents, and new residents looking for promising locations.
Demographics
New Hanover County, North Carolina, seems to have a slightly higher female adult population compared to males. The educational profile suggests a well-educated community, with nearly half the adults holding a bachelor’s or higher degree. Demographically, the population shows a broad age distribution, with significant numbers clustered in the 25-64 age range. Racially, the county appears predominantly White, with a notable Black or African American presence and smaller percentages of other... Read more
Race Distribution in New Hanover County, North Carolina (2022)
Educational Attainment in New Hanover County, North Carolina (2022)
Age Distribution in New Hanover County, North Carolina
Citizen Population in New Hanover County, North Carolina (2022)
Political Trends & Data
In New Hanover County, North Carolina, the 2020 U.S. Presidential Election indicated a possible shift in political dynamics, with Democrats securing 50.17% of the vote compared to Republicans at 48.04%. Minor parties like Libertarians and the Green Party had modest impacts, with 1.15% and 0.27% respectively, while other candidates combined for about 0.36%. This evolving political landscape hints at growing competitiveness in traditionally battleground... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In New Hanover County, North Carolina, the 2020 U.S. Presidential Election showcased potentially shifting political dynamics, with Democrats possibly gaining a slight edge over Republicans, amassing 50.17% of the vote compared to the Republicans' 48.04%. Libertarians and Green Party candidates, although minor players, could have had a modest impact, gathering around 1.15% and 0.27% respectively. Additionally, other candidates collectively secured approximately 0.36%, hinting at a small but diverse political landscape in the county. This balance might suggest an increasing competitiveness in what might traditionally be considered battleground areas.
48.04% of voters voted for the Republican party in the 2020 Presidential Election
50.17% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
New Hanover County, North Carolina, typically tracks closely with the national average student-to-teacher ratio of 14 students per teacher. However, 2023 shows an unexpected surge to nearly 63, potentially indicating a data anomaly or significant shifts in educational resources. For investors and homebuyers, lower ratios can signify better educational quality, making neighborhoods more appealing to families and potentially boosting property... Read more
Student-to-teacher ratio in New Hanover County, North Carolina over the last 10 years
New Hanover County, North Carolina has seen fluctuations in its student-to-teacher ratio over the last decade, generally tracking closely with the national average of 14 students per teacher. For most of the period, ratios hovered just above this average, peaking at around 15 in multiple years. However, 2023 shows an unlikely spike to nearly 63, which could suggest either a data anomaly or significant changes in the educational landscape. These ratios matter for investors, real estate agents, and residents, as lower student-to-teacher ratios often indicate better-quality education environments. Smaller class sizes can enhance individual attention for students, potentially making the area more attractive to families and increasing property values over time.
