Orange County Real Estate and Livability Trends
Orange County, North Carolina has seen average taxable income per tax return rise from $86,769.06 in 2013 to roughly $139,006.80 in 2021, hinting at economic growth and attracting upscale real estate investors. Median home values climbed from $272,600 in 2015 to $395,600 in 2022, signaling unique value propositions. Real estate taxes also increased from $6,131.22 in 2017 to $8,102.75 by 2021,... Read more
Orange County Market Trends
Orange County, North Carolina has consistently outpaced state and national median home values, climbing from $272,600 in 2015 to $395,600 in 2022, hinting at unique value propositions that could attract upscale real estate investors. Energy tax credits also displayed significant fluctuations, spiking in 2018 to $4370.59, possibly due to shifts in energy efficiency investments or tax policies,... Read more
Median Value of Occupied Housing Units in Orange County, North Carolina Over the Last 8 Years
Orange County, North Carolina has consistently shown higher median home values compared to both the state and national levels. From $272,600 in 2015, it surged to $395,600 in 2022, reflecting a robust growth rate. Meanwhile, North Carolina’s median value jumped from $154,900 to $234,900 in the same period, and the U.S. went from $125,500 to $179,400. This divergence suggests that Orange County might offer unique value propositions, potentially making it an appealing spot for investors and homebuyers looking for more upscale real estate opportunities in North Carolina.
Residential Energy Tax Credit Per Tax Return in Orange County, NC Over the Last 9 Years
Over the past nine years in Orange County, North Carolina, the average residential energy tax credit per tax return has exhibited significant fluctuations. Most notably, 2018 saw a spike to $4370.59, suggesting possible changes in energy efficiency investments or tax policy during that period. These variances in tax credits may be indicative of broader economic and environmental policy shifts, making it a potentially interesting factor for real estate agents, investors, and insurance agents assessing the region's commitment to energy efficiency. Understanding these trends could provide valuable insights for those considering property development or investment in the area.
Average Real Estate Taxes Per Tax Return in Orange County, NC Over the Last 10 Years
In Orange County, North Carolina, the average real estate taxes per tax return have steadily increased over the past decade, with a noticeable jump from $6,131.22 in 2017 to $7,339.34 in 2018. By 2021, this figure reached $8,102.75, suggesting a rising trend in property tax burdens. This pattern could imply potential cost increases for future homeowners or investors and might be a vital consideration for appraisal and insurance purposes. Consistently higher taxes might also reflect the area's investment in public services or an increasing property value trend, elements crucial for real estate agents and developers to watch.
Percentage of Farm Returns in Orange County, NC Over the Last 10 Years
Farm tax returns in Orange County, North Carolina, have been relatively stable over the past decade, hovering around 1.01% in 2012 and slightly decreasing to 0.91% by 2021. This trend is notable for those looking to invest in the area, as it may suggest a stable but gradually declining agricultural sector. Farm tax returns are often used as an indicator of agricultural activity and can impact local policies, land value, and community planning. For those considering moving to or building property in Orange County, the modest decline might signal shifts in the local economy or land use, potentially affecting long-term property investments and community development.
Number of Mortgages by Occupancy Type in Orange County, NC Over the Last 5 Years in Orange County
Over the past five years in Orange County, North Carolina, there's been a noticeable fluctuation in the number of mortgages across various occupancy types. Principal residences saw a significant peak in 2021 with 10,416 mortgages but dipped to 5,922 in 2022. Investment properties also had a high in 2021 with 753 mortgages, while second residences remained relatively low, peaking in 2021 at 225 mortgages. Understanding these shifts matters for investors or those considering moving, as the number of mortgages can reflect market confidence and demand. For real estate agents and appraisers, these trends might indicate where the most opportunity lies and affect property values. Insurance agents and builders also benefit from knowing these trends to assess risk and anticipate market needs.
Economic Outlook
Orange County, North Carolina has seen a significant rise in average taxable income per tax return, jumping from about $86,769.06 in 2013 to roughly $139,006.80 in 2021. The sharp increase from 2019 to 2021 hints at economic growth and a more affluent population, which can make the area appealing to real estate investors and developers. The average state and local income taxes have also risen, from around $10,617.76 in 2012 to $22,613.08 by 2021, possibly reflecting higher incomes or changing... Read more
Average Taxable Income per Tax Return in Orange County, NC over the last 9 years
Orange County, North Carolina has experienced notable growth in average taxable income per tax return over the past nine years, rising from approximately $86,769.06 in 2013 to around $139,006.80 in 2021. This upward trend, particularly sharp from 2019 to 2021, could indicate economic development and an affluent population, making it potentially attractive for real estate investors and developers. Higher average incomes might suggest higher property values and stronger purchasing power, relevant factors for those involved in real estate, insurance, and investment.
Average State and Local Income Taxes Per Tax Return in Orange County, NC Over the Last 10 Years
Over the last decade in Orange County, North Carolina, the average state and local income taxes per tax return have shown significant growth. Starting from approximately $10,617.76 in 2012, there was a steady climb with a notable leap from $11,086.31 in 2017 to $14,745.61 in 2018. By 2021, this figure reached $22,613.08. This upward trend may suggest increasing incomes, changing tax policies, or both, making it crucial for potential investors, real estate agents, and homeowners to consider the financial implications when planning moves or investments in the area.
Average Total Tax Liability Per Tax Return in Orange County, NC Over the Last 10 Years
Over the last decade, Orange County, North Carolina, has seen a steady increase in average total tax liability per tax return, climbing from $17,311.41 in 2012 to $29,789.30 in 2021. This upward trend suggests rising incomes or property values, which could influence appraisals and insurance rates. For potential investors and real estate agents, these figures could indicate a growing economic landscape, while current residents may need to consider increasing tax liabilities in their financial planning.
Cost of Living in Orange County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,723 | $1,802 | $1,899 | $1,853 | $1,982 |
| 1 adult 4 children | $1,723 | $1,471 | $1,452 | $1,853 | $2,077 |
| 2 adults 3 children | $1,723 | $1,472 | $1,648 | $1,853 | $1,685 |
| 1 adult 3 children | $1,723 | $1,202 | $1,201 | $1,853 | $1,771 |
| 2 adults 2 children | $1,358 | $1,205 | $1,397 | $1,634 | $1,307 |
| 1 adult 2 children | $1,358 | $900 | $950 | $1,634 | $1,348 |
| 2 adults 1 child | $1,358 | $952 | $1,146 | $922 | $1,104 |
| 1 adult 1 child | $1,358 | $615 | $698 | $922 | $997 |
| 2 adults | $1,171 | $765 | $894 | $0 | $847 |
| 1 adult | $1,165 | $417 | $447 | $0 | $748 |
Safety trends & Data
Orange County, North Carolina's property crime rates have danced around over the past five years. Larceny-Theft, making up the bulk of these incidents, averaged about 200 cases annually but dipped to 140 in 2020. Burglary saw a sharp decline from 93 cases in 2018 to just 31 in 2022. Meanwhile, Vandalism, Fraud, and Motor Vehicle Theft held steady at lower levels. This evolving crime landscape could be a critical consideration for investors, future residents, real estate agents, and insurance... Read more
Property Crime Trends in Orange County, NC Over the Last 5 Years
Orange County, North Carolina has seen a fluctuating pattern in property crimes over the past five years. Larceny-Theft accounts for the majority of incidents, averaging around 200 cases annually with a notable drop to 140 in 2020. Burglary saw a noticeable decline from 93 cases in 2018 to 31 in 2022. Vandalism, Fraud, and Motor Vehicle Theft remained relatively low and stable. These trends might interest investors, potential residents, real estate agents, and insurance professionals evaluating the area's safety and risk profile.
Demographics
Orange County, North Carolina's adult population shows a slight female predominance. A significant portion of residents has attained higher education, with a noteworthy percentage holding graduate or bachelor’s degrees. The age distribution hints at a balanced spread across various age groups, with the largest cohorts in the 20-24 and 25-34 age ranges, possibly reflecting a younger, working-age population. Racially, the county is predominantly White, but there is a diverse presence of African... Read more
Race Distribution in Orange County, North Carolina (2022)
Educational Attainment in Orange County, North Carolina (2022)
Age Distribution in Orange County, North Carolina
Citizen Population in Orange County, North Carolina (2022)
Political Trends & Data
In Orange County, North Carolina, the 2020 U.S. Presidential Election results potentially showed a strong Democratic leaning, with the party possibly receiving around 75% of the votes, while Republicans may have garnered around 24%. Minor parties like Libertarian and Green appeared to have minimal impact, each possibly drawing less than 1% of the vote share. This could suggest a significant Democratic presence, likely influencing future elections and political strategies within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Orange County, North Carolina, the 2020 U.S. Presidential Election results leaned heavily towards the Democratic Party, which potentially received around 75% of the votes. The Republican Party may have pulled in roughly 24% of the vote share, trailing significantly. Minor parties like Libertarian and Green seemed to garner minimal support, with each possibly getting less than 1% of the votes. This trend might indicate a strong Democratic presence in the county, which could be important for future elections and political strategies.
23.74% of voters voted for the Republican party in the 2020 Presidential Election
74.82% of voters voted for the Democrat party in the 2020 Presidential Election
0.77% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
0.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
Orange County, North Carolina's student-to-teacher ratio peaked at 18 students per teacher in 2022, above the national average of 14. This fluctuation may sway investor and real estate agent perceptions, viewing lower ratios as a sign of good education quality, thus making the area more appealing to families. Conversely, higher ratios hint at overcrowded classrooms, potentially troubling parents and impacting property values. Understanding these dynamics can guide appraisers, insurance agents,... Read more
Student-to-teacher ratio in Orange County, North Carolina over the last 10 years
Orange County, North Carolina has seen its student-to-teacher ratio fluctuate over the past decade, notably peaking at 18 students per teacher in 2022, which is above the current US national average of 14 students per teacher. While the ratio has generally stayed below this national benchmark, such changes might matter to various stakeholders. Investors and real estate agents may perceive a lower ratio as a positive indicator of education quality, potentially making the area more attractive to families. Conversely, a higher ratio could imply overcrowded classrooms, which might concern parents and affect property values. For appraisers, insurance agents, and builders, knowing these trends can help in assessing the community's amenities and predicting future development needs.
