Onslow County Real Estate and Livability Trends
Onslow County, North Carolina has seen median home values skyrocket to $196,800 in 2022 from $169,100 in the previous year, mirroring broader statewide and national trends. The steady rise in real estate taxes to $3,245.02 by 2021 and increased average incomes hint at a bullish market with potential for further appreciation. Additionally, a significant drop in property crimes like larceny and... Read more
Onslow County Market Trends
Onslow County's housing market has seen significant growth recently, with the median home value rising sharply to $196,800 in 2022 from $169,100 the previous year. Remarkably, this trend aligns closely with the state and national surges in home values, suggesting the county could be poised for further appreciation. Residential energy tax credits have consistently peaked, especially in 2018 at... Read more
Median Value of Occupied Housing Units in Onslow County, North Carolina Over the Last 8 Years
Onslow County's housing market often trailed behind the North Carolina state median, but it recently closed the gap dramatically. The median home value in the county has surged to $196,800 in 2022, showing a sharp incline compared to $169,100 in 2021. This is particularly intriguing given the broader state median has also seen significant growth, reaching $234,900 in 2022. Nationally, the median home value climbed to $179,400 in 2022, indicating Onslow County is roughly aligned with nationwide trends but has room for growth relative to state figures. For investors or homebuyers, this pattern suggests Onslow County could be on the cusp of more significant appreciation, presenting a potential opportunity.
Residential Energy Tax Credit Per Tax Return in Onslow County, NC Over the Last 9 Years
Onslow County, North Carolina, has seen a notable upward trend in average residential energy tax credits per tax return over the past nine years, peaking significantly in 2018 ($1888.24) and continuing to stay elevated through to 2021 ($1650.00). This suggests a growing awareness and investment in energy-efficient home improvements, which could be attractive to potential investors and property developers interested in sustainable living solutions. Such trends might also impact real estate agents and insurance agents focusing on properties that offer energy-saving benefits, contributing to the overall increase in property values.
Average Real Estate Taxes Per Tax Return in Onslow County, NC Over the Last 10 Years
Over the past decade, the average real estate taxes per tax return in Onslow County, North Carolina, have notably increased from $1,886.33 in 2012 to $3,245.02 in 2021. This trend suggests a consistent rise, peaking around 2020 at $3,417.69, likely reflecting growing property values or changes in tax rates. This increase may interest potential investors and property developers looking for emerging markets, and current homeowners might expect higher annual taxes. Appraisers and insurance agents also may find this data critical for assessing property values and risks, respectively.
Percentage of Farm Returns in Onslow County, NC Over the Last 10 Years
Onslow County, North Carolina has seen relatively stable yet modest participation in farm tax returns over the last decade. Starting from 0.42% in 2012, the figure experienced a minor peak of 0.44% in 2013, before trending downward to 0.32% by 2021. Farm tax returns highlight agricultural income and expenditures, essential for understanding the agricultural sector's performance in the region. This data could suggest a steady but small agricultural base, relevant for potential investors or those interested in rural land opportunities. High consistency in these percentages indicates established but possibly underutilized farming infrastructure and potential room for growth or innovation within the agricultural sector.
Number of Mortgages by Occupancy Type in Onslow County, NC Over the Last 5 Years in Onslow County
Onslow County, North Carolina has seen a noticeable fluctuation in mortgage counts over the past five years. Principal residences clearly dominate the mortgage market, with numbers peaking significantly in recent years. Investment properties and second residences have also shown growth, though at a more modest rate. For investors and real estate agents, these trends might indicate a stable or growing demand for long-term housing, making it a potentially lucrative market. Appraisers and insurance agents should note the rise in principal residences, possibly reflecting a growing population that may lead to increased valuation and insurance needs. Builders might find this trend a signal to focus on family-oriented housing projects, aligning with the clear demand for principal residences.
Economic Outlook
Onslow County, North Carolina has seen the average taxable income per tax return rise from $41,041.03 in 2013 to around $56,095.10 in 2021, hinting at improved earning capacities and a potentially stronger job market. Concurrently, state and local income taxes have nearly doubled over the last decade, reaching $9,117.08 in 2021, suggesting growing financial obligations. The average total tax liability per tax return has also increased, reaching $6,991.32 by 2021, indicating potential rises in... Read more
Average Taxable Income per Tax Return in Onslow County, NC over the last 9 years
Over the past nine years, the average taxable income per tax return in Onslow County, North Carolina, has shown a consistent upward trend, increasing from approximately $41,041.03 in 2013 to roughly $56,095.10 in 2021. This speaks to potential economic growth and higher earning capacities in the region, which could be indicative of a stronger job market or improved living conditions. For investors, real estate agents, and insurance agents, this sustained increase might suggest greater purchasing power among residents, possibly leading to higher property values and a more lucrative market. Those planning to move to or build property in Onslow County might find this upward income trend reassuring.
Average State and Local Income Taxes Per Tax Return in Onslow County, NC Over the Last 10 Years
Over the last decade, Onslow County, North Carolina has experienced a significant increase in average state and local income taxes per tax return, jumping from $5,092.22 in 2012 to $9,117.08 in 2021. Notable spikes occurred between 2017 and 2021, suggesting a trend of growing financial obligations for residents. This trend could be crucial for potential investors, property builders, and real estate agents to consider, as it may reflect broader economic shifts and affect disposable income levels in the area.
Average Total Tax Liability Per Tax Return in Onslow County, NC Over the Last 10 Years
Onslow County, North Carolina has seen a noticeable rise in the average total tax liability per tax return over the past decade, reflecting potential increases in both income levels and property values. From $5,038.70 in 2012, the average liability has incrementally grown, reaching $6,991.32 by 2021. This trend could indicate a growing economic base, potentially making it a more prosperous area for investment or real estate development. However, for potential homeowners and investors, it also suggests an increasing financial responsibility, which is crucial for future planning and budgeting.
Cost of Living in Onslow County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,352 | $1,456 | $2,205 | $1,338 | $1,502 |
| 1 adult 4 children | $1,352 | $1,189 | $1,688 | $1,338 | $1,595 |
| 2 adults 3 children | $1,352 | $1,189 | $1,912 | $1,338 | $1,232 |
| 1 adult 3 children | $1,352 | $971 | $1,395 | $1,338 | $1,289 |
| 2 adults 2 children | $951 | $974 | $1,619 | $1,180 | $954 |
| 1 adult 2 children | $951 | $727 | $1,102 | $1,180 | $904 |
| 2 adults 1 child | $951 | $769 | $1,326 | $666 | $866 |
| 1 adult 1 child | $951 | $497 | $810 | $666 | $722 |
| 2 adults | $798 | $618 | $1,033 | $0 | $696 |
| 1 adult | $667 | $337 | $517 | $0 | $570 |
Safety trends & Data
Onslow County, North Carolina has observed a significant decline in property crime, particularly in larceny-theft, which dropped from 677 cases in 2018 to 382 in 2022. Burglary and vandalism incidents have also decreased, pointing to potential improvements in property security or shifts in socioeconomic factors. While vehicle theft remains low and stable, overall crime reduction could create a safer environment for residents and investors, possibly boosting property values and decreasing... Read more
Property Crime Trends in Onslow County, NC Over the Last 5 Years
Onslow County, North Carolina has seen notable fluctuations in property crime over the past five years. While larceny-theft consistently remains the most prevalent type of property crime, its numbers have shown a decreasing trend from 677 in 2018 to 382 in 2022. Burglary and vandalism figures have also decreased significantly, indicating potential improvements in property security or changes in socioeconomic factors. Conversely, vehicle theft incidents have remained relatively low yet stable, with only minimal variations. Crime reduction in these areas might suggest a safer environment for new residents and investors, potentially increasing property values and lowering insurance premiums.
Demographics
Onslow County, North Carolina shows a notable gender disparity, with males outnumbering females. This could be influenced by the presence of nearby military installations. Educational attainment data reveals that the majority of adults have a high school diploma, while a smaller portion holds college degrees, possibly indicating workforce characteristics and potential talent gaps. Age distribution skews younger, with significant populations in the 20 to 34-year range, likely influenced by the... Read more
Race Distribution in Onslow County, North Carolina (2022)
Educational Attainment in Onslow County, North Carolina (2022)
Age Distribution in Onslow County, North Carolina
Citizen Population in Onslow County, North Carolina (2022)
Political Trends & Data
Onslow County, North Carolina shows a clear tilt towards Republican candidates, capturing around 64% of the votes in the 2020 U.S. Presidential Election, compared to 34% for Democrats. The minimal support for third-party candidates, barely over 2%, indicates a firm preference for the two dominant political parties. These voting trends might imply a consistent conservative leaning in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Onslow County, North Carolina seems to exhibit a strong preference for Republican candidates, with nearly two-thirds (around 64%) of the votes leaning towards the GOP in the 2020 U.S. Presidential Election. In contrast, Democratic support is significantly lower, approximately one-third (around 34%). Third-party candidates, including Libertarians and the Green Party, garnered minimal attention, collectively receiving just over 2% of the votes, signaling a political landscape that may strongly favor the two main parties. This voting pattern could suggest historically conservative tendencies within the region.
63.79% of voters voted for the Republican party in the 2020 Presidential Election
33.59% of voters voted for the Democrat party in the 2020 Presidential Election
2.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Onslow County, North Carolina has seen its student-to-teacher ratio climb to 17 students per teacher in 2020, above the national average of 14. Although there's been a slight recent decline, the higher ratios might suggest larger class sizes and possibly lower quality of education which could impact real estate desirability, particularly for families focused on schooling. Real estate agents, investors, appraisers, and insurance agents may need to factor in these education metrics as they... Read more
Student-to-teacher ratio in Onslow County, North Carolina over the last 10 years
Over the past decade, Onslow County, North Carolina has seen a consistent increase in its student-to-teacher ratio, peaking at 17 students per teacher in 2020. Despite a slight decline in recent years, the ratio remains above the national average of 14 students per teacher. These changes have potential implications for those looking to invest in real estate or education in the area. Higher student-to-teacher ratios could indicate larger class sizes, possibly affecting the quality of education and making the county less attractive to families prioritizing schooling. Real estate agents and investors might find schools with lower ratios more appealing to prospective buyers. Appraisers and insurance agents should consider these metrics as they reflect broader community trends and resource allocation.
