Pamlico County Real Estate and Livability Trends
Pamlico County, North Carolina's real estate market shows intriguing trends with median home values reaching $198,600 in 2022, slightly trailing the state median but outpacing the national median. Notable are the rising real estate taxes, growing from approximately $2,007.75 in 2012 to around $3,884.00 in 2021, indicating increased property values or tax rate changes. The consistent growth in... Read more
Pamlico County Market Trends
Pamlico County, North Carolina's median home values have jumped to $198,600 in 2022, showing a strong growth trend that lags slightly behind the state median of $234,900 but outpaces the national median of $179,400. Residential energy tax credits have fluctuated, with notable peaks in 2015 and 2019 suggesting possible shifts in homeowner investments in energy efficiency. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Pamlico County, North Carolina Over the Last 8 Years
Pamlico County, North Carolina has seen a notable rise in median home values over the past eight years, culminating in a significant jump to $198,600 in 2022. This growth trajectory is particularly compelling when you consider that it's slightly trailing the state's 2022 median of $234,900, yet stands much higher than the national median of $179,400. These trends could signal Pamlico County as a potentially attractive spot for those looking to invest in or move to a less saturated market within the state.
Residential Energy Tax Credit Per Tax Return in Pamlico County, NC Over the Last 8 Years
Pamlico County, North Carolina has seen quite a varied trend in the average residential energy tax credit per tax return over the last eight years, with a notable spike in 2015 at approximately $1,025.00 followed by another peak in 2019 at around $1,160.00. The lowest point was observed in 2017 at about $350.00. This fluctuation might suggest changing incentives or homeowner investment in energy-efficient projects, which could be of interest to those considering property investments or renovations in the area. Potential residents, real estate agents, and insurance agents might find these trends indicative of local engagement in sustainable living practices.
Average Real Estate Taxes Per Tax Return in Pamlico County, NC Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Pamlico County, North Carolina have seen a marked increase, rising from approximately $2,007.75 in 2012 to around $3,884.00 in 2021. This trend likely indicates a combination of higher property values and potentially increased tax rates. For those considering investment or relocation, this escalation in tax burden might suggest a more vibrant real estate market and could impact long-term property costs. Appraisers and insurance agents could see this as a reflection of changing property valuations, whereas real estate agents might view it as a sign of both growing demand and financial implications for buyers.
Percentage of Farm Returns in Pamlico County, NC Over the Last 10 Years
In Pamlico County, North Carolina, the percentage of farm tax returns has shown minor but notable fluctuations over the last decade. Starting at around 0.92% in 2012, it peaked slightly at 0.92% in 2013 before settling back to 0.85% in 2021. Farm tax returns signify the proportion of total tax filings that come from agricultural activities, hinting at the stability or shifts in the local farming industry. For potential investors and property developers, these trends could suggest a relatively stable agricultural presence, which might impact land values and the local economy. This stability may appeal to those interested in the long-term viability of farming enterprises in the area, as well as to new residents looking for a balanced rural lifestyle integrated with agriculture.
Number of Mortgages by Occupancy Type in Pamlico County, NC Over the Last 5 Years in Pamlico County
Over the past five years in Pamlico County, North Carolina, the number of mortgages for principal residences has seen significant fluctuations, peaking in 2020 with 810 before dropping to 547 in 2022. Investment properties and second residences have consistently taken a smaller share, with investment properties peaking modestly at 33 in 2021 and second residences at 156 in 2020. Understanding these shifting dynamics in occupancy types can provide critical insights for investors—indicating potential demand changes and investment opportunities. For appraisers and insurance agents, these trends could affect property values and risk assessments, while builders and real estate agents might tailor offerings to meet the apparent demand for principal residences.
Economic Outlook
Pamlico County, North Carolina has experienced a consistent increase in average taxable income per tax return, climbing from $50,337.11 in 2013 to $70,518.80 in 2021, suggesting stronger local economic conditions and increased earning potential. Alongside this, state and local income taxes have fluctuated, peaking at $10,192.31 in 2021, potentially reflecting economic shifts or changes in tax policies. Average total tax liability has also risen, reaching $10,494.27 in 2021, which could imply... Read more
Average Taxable Income per Tax Return in Pamlico County, NC over the last 9 years
Pamlico County, North Carolina has seen a notable upward trend in average taxable income per tax return over the past nine years. From $50,337.11 in 2013, there's been consistent growth, with a significant jump in 2021 reaching $70,518.80. This could be indicative of a stronger local economy and increased earning potential for residents, making it potentially attractive for investors, real estate developers, and new residents. Additionally, the rising income levels might impact property values and insurance premiums in the area.
Average State and Local Income Taxes Per Tax Return in Pamlico County, NC Over the Last 10 Years
Pamlico County, North Carolina has seen notable fluctuations in average state and local income taxes per tax return over the past decade, with a significant uptrend in recent years. Starting around $6,000.00 in 2012, taxes dipped and rose periodically, peaking at $10,192.31 in 2021. This volatility might suggest economic shifts impacting taxpayers or changes in local tax policies. For potential investors, real estate agents, and current residents, understanding these trends could be crucial for financial planning, determining property investment viability, and predicting future economic conditions in the area.
Average Total Tax Liability Per Tax Return in Pamlico County, NC Over the Last 10 Years
Over the last decade, Pamlico County, North Carolina has seen a gradual increase in average total tax liability per tax return, peaking at $10,494.27 in 2021. This trend suggests a steady rise in either income levels or tax rates, possibly reflecting local economic growth or changes in tax policies. For potential investors, real estate agents, and those considering relocating, this upward movement might indicate a growing and potentially thriving community, but it also necessitates a closer look at cost-of-living implications. Appraisers and insurance agents might also find this data useful as a reference point for evaluating property values and adjusting coverage needs.
Cost of Living in Pamlico County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,222 | $1,496 | $2,504 | $815 | $1,423 |
| 1 adult 4 children | $1,222 | $1,222 | $1,919 | $815 | $1,482 |
| 2 adults 3 children | $1,222 | $1,222 | $2,170 | $815 | $1,139 |
| 1 adult 3 children | $1,222 | $998 | $1,585 | $815 | $1,178 |
| 2 adults 2 children | $1,004 | $1,000 | $1,837 | $719 | $969 |
| 1 adult 2 children | $1,004 | $747 | $1,252 | $719 | $866 |
| 2 adults 1 child | $1,004 | $791 | $1,503 | $406 | $897 |
| 1 adult 1 child | $1,004 | $511 | $918 | $406 | $726 |
| 2 adults | $767 | $635 | $1,169 | $0 | $744 |
| 1 adult | $762 | $346 | $585 | $0 | $629 |
Safety trends & Data
Property crime trends in Pamlico County, North Carolina show variability over the past five years with fluctuations in categories such as burglary, larceny-theft, and motor vehicle theft. Larceny-theft peaked in 2021 with 38 reported cases and consistently appears to be the most frequent property crime, while burglary numbers hovered around 14 cases in both 2018, 2021, and 2022. Vandalism incidents have remained relatively stable with minor variations, while fraud reports had spikes fluctuating... Read more
Property Crime Trends in Pamlico County, NC Over the Last 5 Years
Property crime trends in Pamlico County, North Carolina show variability over the past five years with fluctuations in categories such as burglary, larceny-theft, and motor vehicle theft. Larceny-theft peaked in 2021 with 38 reported cases and consistently appears to be the most frequent property crime, while burglary numbers hovered around 14 cases in both 2018, 2021, and 2022. Vandalism incidents have remained relatively stable with minor variations, while fraud reports had spikes fluctuating from 4 to 8 cases annually. These patterns could be critical for real estate investors, appraisers, and community planners in assessing the local safety and making informed decisions regarding property investments or developments.
Demographics
Pamlico County, North Carolina, exhibits a relatively balanced gender demographic with a slight male majority. The area's population tends to skew older, with significant portions in the 55 to 64 and 65 to 74 age brackets, indicating a potentially aging community. Educational attainment appears to lean towards high school graduates and those with some college but no degree, which might influence local employment opportunities and economic development strategies. The racial distribution is... Read more
Race Distribution in Pamlico County, North Carolina (2022)
Educational Attainment in Pamlico County, North Carolina (2022)
Age Distribution in Pamlico County, North Carolina
Citizen Population in Pamlico County, North Carolina (2022)
Political Trends & Data
Pamlico County, North Carolina, might have leaned Republican in the 2020 U.S. Presidential Election, with roughly 63.5% of the votes possibly going Republican and approximately 35.6% to Democrats. The presence of such a significant minority of Democratic voters hints at a diverse political landscape despite a Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pamlico County, North Carolina, might have leaned Republican in the 2020 U.S. Presidential Election, where approximately 63.5% of the votes were possibly Republican, and around 35.6% went to Democrats. The Libertarian and Green parties, as well as other smaller parties, apparently made up a very minimal fraction of the vote, each garnering less than 1%. This voting trend suggests Pamlico County could be a stronghold for Republicans, but also shows a significant minority of Democrat voters.
63.54% of voters voted for the Republican party in the 2020 Presidential Election
35.55% of voters voted for the Democrat party in the 2020 Presidential Election
0.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pamlico County, North Carolina has maintained a student-to-teacher ratio below the national average of 14, dropping to 12.59 in 2023. This trend suggests smaller class sizes and potentially more personalized attention for students. For families, this indicates a supportive academic environment, while real estate agents and investors might see it as an appealing feature that could increase property values and housing demand. Insurance agents might find this to be a stabilizing factor,... Read more
Student-to-teacher ratio in Pamlico County, North Carolina over the last 10 years
Over the past decade, Pamlico County in North Carolina has consistently maintained a student-to-teacher ratio close to or below the national average of 14 students per teacher. Remarkably, in recent years, the ratio has declined to as low as 12.59 in 2023, suggesting smaller class sizes. This could indicate more personalized attention for students, potentially enhancing educational outcomes. For families considering a move, this may imply a more supportive academic environment. Real estate agents, appraisers, and investors might see this as an appealing feature of the area, potentially increasing property values and demand for housing. Insurance agents could also view this trend as a stabilizing factor, potentially reducing risk factors associated with overcrowded schools.
