Northampton County Real Estate and Livability Trends
Northampton County, North Carolina has seen its average taxable income per tax return rise from $37,592.78 in 2013 to $49,324.53 in 2021, suggesting an improving local economy that might appeal to investors. With median housing values growing from $82,500 in 2015 to $96,000 in 2022, the county remains an affordable housing market compared to state and national levels. Real estate taxes have... Read more
Northampton County Market Trends
In Northampton County, North Carolina, the median value of occupied housing units has gradually risen from $82,500 in 2015 to $96,000 in 2022, positioning the county as a more affordable option compared to state and national levels. Residential energy tax credits have fluctuated significantly, peaking at $1,155.56 in 2018, reflecting increased investments in energy efficiency. Real estate taxes... Read more
Median Value of Occupied Housing Units in Northampton County, North Carolina Over the Last 8 Years
The median value of occupied housing units in Northampton County, North Carolina has shown a modest but steady increase over the past eight years, climbing from $82,500 in 2015 to $96,000 in 2022. When compared to the state of North Carolina, where median home values increased more aggressively from $154,900 to $234,900 during the same period, Northampton County remains considerably more affordable. On a national level, median home values went from $125,500 to $179,400, suggesting that while Northampton County's growth is in line with broader trends, it may still offer a more budget-friendly option for those looking to invest in or move to the area. This relative affordability could attract both new homeowners and investors looking for lower entry costs while still benefiting from gradual value appreciation.
Residential Energy Tax Credit Per Tax Return in Northampton County, NC Over the Last 9 Years
In Northampton County, North Carolina, the average residential energy tax credit per tax return shows significant fluctuations over the last nine years. Starting from $431.58 in 2013, it peaked dramatically at $1,155.56 by 2018 before stabilizing around the mid-$700s to low-$900s range in recent years. This trend could indicate a growing investment in energy-efficient home improvements and renewable energy sources by residents, making it an interesting area for those looking to invest in sustainable living or real estate.
Average Real Estate Taxes Per Tax Return in Northampton County, NC Over the Last 10 Years
Over the past decade, Northampton County, North Carolina has experienced a notable increase in real estate taxes per tax return, rising from approximately $2,474.52 in 2012 to $3,220.00 in 2021. This trend indicates a potential shift in the local property market, possibly reflecting higher property values or adjustments in tax rates. For investors, real estate agents, and prospective homeowners, this suggests an evolving financial landscape where property ownership may come with increased taxation, underscoring the importance of factoring in these costs when making investment or relocation decisions. Insurers and appraisers might also find these trends valuable for adjusting their valuations and policy offerings accordingly.
Percentage of Farm Returns in Northampton County, NC Over the Last 10 Years
The percentage of farm tax returns in Northampton County, North Carolina has shown a gradual decline over the last decade, decreasing from roughly 2.47% in 2012 to about 1.91% in 2021. Farm tax returns, which are filed by farm operators to report income and expenses specific to agricultural activities, can be an effective indicator of the local agricultural economy. This trend could suggest a shift away from farming as a primary income source, which may be relevant for those considering investment or property development tied to agricultural activities. Understanding this decline might also be crucial for individuals aiming to move to or invest in the area, as it hints at evolving economic conditions that may influence the county's overall financial landscape.
Number of Mortgages by Occupancy Type in Northampton County, NC Over the Last 5 Years in Northampton County
In Northampton County, North Carolina, the number of mortgages for principal residences has generally been higher compared to investment and second residences over the past five years. Fluctuations in these occupancy types might illuminate shifts in market dynamics: a rise in principal residence mortgages could indicate growing local demand, while variations in investment property mortgages may reflect broader economic conditions influencing real estate investments. For potential investors, builders, real estate agents, appraisers, and insurance agents, these trends offer valuable insights into the housing market's robustness and potential risk factors, informing decisions on property development, pricing, and investment strategies.
Economic Outlook
Northampton County, North Carolina has experienced a steady increase in average taxable income per tax return, climbing from $37,592.78 in 2013 to $49,324.53 in 2021. This rise, particularly post-2017, could suggest a strengthening local economy, potentially making the area more attractive to investors and real estate professionals. Fluctuations in average state and local income taxes, ranging from a low of $3,676.98 in 2014 to a high of $5,089.74 in 2019, may reflect broader economic shifts,... Read more
Average Taxable Income per Tax Return in Northampton County, NC over the last 9 years
Northampton County, North Carolina has shown a steady increase in the average taxable income per tax return over the past nine years, rising from $37,592.78 in 2013 to $49,324.53 in 2021. This upward trend, especially notable after 2017, could signal a strengthening local economy that may attract investors, builders, and real estate agents. The rise in taxable income might also influence property values and insurance premiums, making it an essential data point for appraisers and insurance agents. Those living in or moving to the area might find this trend indicative of improving economic conditions.
Average State and Local Income Taxes Per Tax Return in Northampton County, NC Over the Last 10 Years
Northampton County, North Carolina has seen considerable fluctuation in average state and local income taxes per tax return over the past decade. From a low of $3,676.98 in 2014 to a peak of $5,089.74 in 2019, this variability could impact financial planning for both current residents and potential newcomers. Investors and real estate agents might find these trends indicative of broader economic shifts in the area. Appraisers and insurance agents could consider this data as they provide services, as fluctuating tax burdens can affect property values and insurance premiums.
Average Total Tax Liability Per Tax Return in Northampton County, NC Over the Last 10 Years
In Northampton County, North Carolina, the average total tax liability per tax return has been trending upwards over the past decade. Starting at $5,089.98 in 2012, it experienced slight fluctuations but generally increased, reaching $6,374.60 by 2021. This gradual rise suggests economic growth or changes in tax policy that may be relevant for investors, potential residents, and real estate stakeholders.
Cost of Living in Northampton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,048 | $1,331 | $2,445 | $1,363 | $1,421 |
| 1 adult 4 children | $1,048 | $1,087 | $1,875 | $1,363 | $1,501 |
| 2 adults 3 children | $1,048 | $1,087 | $2,119 | $1,363 | $1,154 |
| 1 adult 3 children | $1,048 | $888 | $1,549 | $1,363 | $1,185 |
| 2 adults 2 children | $861 | $890 | $1,793 | $1,173 | $960 |
| 1 adult 2 children | $861 | $665 | $1,223 | $1,173 | $897 |
| 2 adults 1 child | $861 | $704 | $1,467 | $559 | $837 |
| 1 adult 1 child | $861 | $454 | $896 | $559 | $680 |
| 2 adults | $654 | $565 | $1,140 | $0 | $665 |
| 1 adult | $650 | $308 | $570 | $0 | $568 |
Safety trends & Data
In Northampton County, North Carolina, property crime trends over the past three years have shown some notable shifts. Burglary incidents dropped from 9.0 in 2020 to 7.0 in 2021, but larceny-theft spiked from 4.0 to 12.0, highlighting a growing concern. Vandalism and fraud also saw increases, while motor vehicle theft and forgery remained fairly stable. These shifts could be particularly valuable for investors, prospective residents, and professionals in real estate and insurance sectors... Read more
Property Crime Trends in Northampton County, NC Over the Last 3 Years
In Northampton County, North Carolina, property crime trends over the past three years highlight notable changes. Motor vehicle theft remained relatively low with minimal increases. Burglary incidents saw a noticeable drop from 9.0 in 2020 to 7.0 in 2021. Larceny-theft jumped from 4.0 in 2020 to 12.0 in 2021, becoming a significant concern. Fraud and vandalism also showed an increasing trend, whereas forgery and counterfeiting stayed consistent with isolated incidents. These shifts can provide useful insights for investors, prospective residents, and professionals in real estate and insurance.
Demographics
Northampton County, North Carolina has a slightly higher number of females compared to males, with educational attainment spread across various levels. Most adults are high school graduates or have attended some college, suggesting a moderate level of educational achievement overall. Age-wise, the population is predominantly middle-aged to senior, which could inform healthcare and social services demand. Racially, it's a predominantly Black or African American and White community. These trends... Read more
Race Distribution in Northampton County, North Carolina (2022)
Educational Attainment in Northampton County, North Carolina (2022)
Age Distribution in Northampton County, North Carolina
Citizen Population in Northampton County, North Carolina (2022)
Political Trends & Data
Northampton County, North Carolina, displayed a notable Democratic preference in the 2020 U.S. Presidential Election, with around 60% of the vote leaning towards Democratic candidates. Republicans captured roughly 39%, and third-party candidates saw minimal traction. This voting pattern could indicate a broader local inclination towards Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Northampton County, North Carolina, the 2020 U.S. Presidential Election showcased a significant leaning towards Democratic candidates with around 60% of the vote, while Republicans garnered approximately 39%. Third-party options such as the Libertarian and Green parties received minimal support, each attracting less than 1% of the vote. These trends may reflect broader partisan preferences within this specific locale.
39.46% of voters voted for the Republican party in the 2020 Presidential Election
60.03% of voters voted for the Democrat party in the 2020 Presidential Election
0.30% 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
0.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Northampton County, North Carolina has experienced notable shifts in the student-to-teacher ratio over the past decade, reaching a high of 17 students per teacher in 2016 before improving to 14 by 2023. These changes could influence decisions of homebuyers and real estate investors, as lower ratios often suggest better education quality. Although the latest numbers align with the national average, past fluctuations might still be a factor for families assessing educational quality and its... Read more
Student-to-teacher ratio in Northampton County, North Carolina over the last 10 years
Over the past decade, Northampton County, North Carolina has seen fluctuations in its student-to-teacher ratio, peaking at 17 students per teacher in 2016 before dropping to 14 by 2023. This variance can affect homebuyers, real estate investors, and families considering a move to the area, as a lower ratio is often associated with more individualized attention and potentially higher quality education. For comparison, the national average stands at approximately 14 students per teacher. Thus, while recent years show improvement, certain years have exceeded this benchmark, which could be a consideration for stakeholders analyzing educational quality and its impact on local property values and community welfare.
