Pasquotank County Real Estate and Livability Trends
In Pasquotank County, North Carolina, average taxable income per tax return climbed from about $43,865.70 in 2013 to roughly $56,453.42 in 2021, hinting at a strengthening local economy, possibly contributing to higher property values and influencing real estate trends. Median home values have risen from $158,800 in 2015 to $201,500 in 2022, reflecting moderated but stable growth. Residential... Read more
Pasquotank County Market Trends
Median home values in Pasquotank County, North Carolina have steadily risen from $158,800 in 2015 to $201,500 in 2022, reflecting stable yet moderated growth compared to the state's sharper increase. Residential energy tax credits spiked to $1,700.00 in 2018, possibly indicating a surge in energy-efficient home investments or incentives, and have since stabilized around $780.00. Real estate taxes... Read more
Median Value of Occupied Housing Units in Pasquotank County, North Carolina Over the Last 8 Years
Pasquotank County, North Carolina has seen steady growth in median home values over the past eight years, climbing from $158,800 in 2015 to $201,500 in 2022. Compared to North Carolina as a whole, where the median value increased from $154,900 to $234,900 in the same period, Pasquotank County's growth appears moderated but steady. On a national scale, the growth is also notable, with U.S. median home values rising from $125,500 in 2015 to $179,400 in 2022. For investors and prospective homeowners, Pasquotank County's housing market may suggest opportunities for relatively stable growth, potentially with less volatility than statewide or national trends.
Residential Energy Tax Credit Per Tax Return in Pasquotank County, NC Over the Last 9 Years
Pasquotank County, North Carolina has seen notable fluctuations in residential energy tax credits over the past nine years. After a steady start with averages around $400.00, there was a significant spike in 2018, reaching $1700.00, indicating a potential increase in energy-efficient home investments or state incentives during that period. The subsequent years show a dip but then stabilize around $780.00, suggesting ongoing but potentially more moderate engagement with energy efficiency initiatives. This trend could be of interest to those investing in or insuring properties as it may reflect broader shifts in homeowner priorities and local policy impacts.
Average Real Estate Taxes Per Tax Return in Pasquotank County, NC Over the Last 10 Years
Over the past decade, Pasquotank County, North Carolina has seen a notable rise in average real estate taxes per tax return. From $2,093.08 in 2012 to $3,279.22 in 2021, the increase appears to have been gradual until a noticeable hike around 2018, when taxes jumped from $2,524.44 to $3,307.77. This trend suggests a growing evaluation of property values, which could be of interest to potential investors and homeowners, as well as appraisers and insurance agents, looking at the area’s real estate market dynamics.
Percentage of Farm Returns in Pasquotank County, NC Over the Last 10 Years
Over the last decade, Pasquotank County, North Carolina has seen minor fluctuations in the percentage of farm tax returns filed by its residents, ranging from 0.76% in 2012 to a low of 0.52% in 2020. While there has been a general downtrend, the percentage has stabilized around 0.55% for the past couple of years. Farm tax returns refer to filings made by local farmers to report income earned from farming activities, crucial for determining local agricultural economic health. This trend may hint at a slight decline in small-scale farming or shifts in how agricultural income is reported in the county. Understanding this can be pivotal for those looking to invest in agricultural ventures, buy or develop property with potential farm use, or simply gauge the economic landscape of Pasquotank County.
Number of Mortgages by Occupancy Type in Pasquotank County, NC Over the Last 5 Years in Pasquotank County
Over the last five years in Pasquotank County, North Carolina, we've seen an upward trajectory in the number of mortgages for principal residences, peaking in 2021 before slightly dipping. This suggests a strong buyer interest, possibly due to factors like favorable interest rates or increased desirability of the area. Investment property mortgages also show growth, reflecting a potential interest in leveraging property for rental income or resale. Second residences remain minimal but indicate a niche market possibly driven by individuals seeking vacation homes or future retirement spots. These shifts in occupancy types can significantly impact property values, insurance premiums, and the overall housing market, offering nuanced opportunities and challenges for investors, real estate professionals, and current residents alike.
Economic Outlook
In Pasquotank County, North Carolina, average taxable income per tax return has climbed from about $43,865.70 in 2013 to roughly $56,453.42 in 2021, hinting at a strengthening local economy. This economic trend is likely contributing to higher property values, influencing real estate activities and appraisals. Additionally, state and local income taxes per tax return have sharply risen, from $4,925.19 in 2012 to $7,685.19 in 2021, potentially reflecting increasing household incomes and economic... Read more
Average Taxable Income per Tax Return in Pasquotank County, NC over the last 9 years
Pasquotank County, North Carolina, has seen a consistent upward trend in average taxable income per tax return over the last nine years, jumping from around $43,865.70 in 2013 to approximately $56,453.42 in 2021. This growth suggests a potentially robust local economy and could make the area more appealing for investment, property development, and real estate activities. The rising income levels may also influence property values and have implications for appraisals and insurance premiums. These trends are particularly relevant for individuals and businesses considering relocation or expansion in the region.
Average State and Local Income Taxes Per Tax Return in Pasquotank County, NC Over the Last 10 Years
Pasquotank County, North Carolina has witnessed some intriguing fluctuations in average state and local income taxes per tax return over the past decade. The average has seen a significant rise from $4,925.19 in 2012 to $7,685.19 in 2021. Notably, there was a sharp increase starting in 2018, peaking in 2021. For potential investors, this upward trend may hint at economic growth or increasing incomes, while for insurance agents and appraisers, it could suggest changing household financial dynamics. Real estate agents might also find this relevant as it could impact property valuations and taxation expectations for clients.
Average Total Tax Liability Per Tax Return in Pasquotank County, NC Over the Last 10 Years
Over the past decade, Pasquotank County, North Carolina has seen an upward trajectory in average total tax liability per tax return, climbing from roughly $5,883.05 in 2012 to approximately $7,526.47 in 2021. This trend might be indicative of rising incomes or economic growth in the region, which could signal a positive investment climate. Investors and real estate agents might find this appealing, while appraisers and insurance agents should consider the potential implications for property values and associated costs.
Cost of Living in Pasquotank County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,311 | $1,399 | $2,260 | $1,195 | $1,406 |
| 1 adult 4 children | $1,311 | $1,143 | $1,732 | $1,195 | $1,496 |
| 2 adults 3 children | $1,311 | $1,143 | $1,959 | $1,195 | $1,148 |
| 1 adult 3 children | $1,311 | $933 | $1,431 | $1,195 | $1,193 |
| 2 adults 2 children | $936 | $936 | $1,658 | $1,051 | $906 |
| 1 adult 2 children | $936 | $699 | $1,130 | $1,051 | $837 |
| 2 adults 1 child | $936 | $740 | $1,357 | $583 | $831 |
| 1 adult 1 child | $936 | $478 | $829 | $583 | $686 |
| 2 adults | $711 | $594 | $1,056 | $0 | $656 |
| 1 adult | $626 | $324 | $528 | $0 | $546 |
Safety trends & Data
Pasquotank County, North Carolina has seen a downward trend in property-related crime over the past five years, with larceny-thefts dropping from 272.0 in 2018 to 30.0 in 2022. Burglary cases have also seen a significant decrease from 48.0 in 2018 to 15.0 in 2020 and 2022. This could signal stabilizing property conditions, potentially making the county more appealing for investors and those considering relocation. However, periodic spikes in vandalism and consistent motor vehicle theft reports... Read more
Property Crime Trends in Pasquotank County, NC Over the Last 5 Years
Pasquotank County, North Carolina has seen a notable downward trend in property-related crime over the past five years, with significant drops in larceny-thefts from a high of 272.0 in 2018 to 30.0 in 2022. Burglary cases also decreased markedly from 48.0 in 2018 down to 15.0 in both 2020 and 2022. Fraud and vandalism figures have similarly reduced, reflecting more consistent enforcement or perhaps community initiatives. This could potentially signal stabilizing property conditions, making the county a more attractive option for investors, real estate agents, and those considering relocation. However, periodic spikes in certain categories like vandalism and the relatively consistent reports of motor vehicle theft suggest areas for ongoing vigilance.
Demographics
Pasquotank County, North Carolina, shows a relatively balanced gender distribution with a slightly higher count of females compared to males. The educational landscape reveals varied attainment, with a significant portion holding at least a high school diploma, while smaller percentages have achieved bachelor's and higher degrees. The age demographic leans towards the younger and middle-aged adult categories, suggesting a community that might be experiencing steady population growth or... Read more
Race Distribution in Pasquotank County, North Carolina (2022)
Educational Attainment in Pasquotank County, North Carolina (2022)
Age Distribution in Pasquotank County, North Carolina
Citizen Population in Pasquotank County, North Carolina (2022)
Political Trends & Data
Pasquotank County, North Carolina's 2020 U.S. Presidential Election results showed a nearly even split between Republican and Democrat votes, each capturing around 49% of the vote share. The slim margin and minimal impact of third-party candidates, who collectively garnered just over 1%, emphasize a highly competitive political environment. Future candidates may find it crucial to focus on local demographics and issues to gain an edge in this battleground... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pasquotank County, North Carolina saw a fairly balanced split between Republican and Democrat votes in the 2020 U.S. Presidential Election, with each party receiving around 49% of the vote share. The presence of third-party candidates was minimal, with Libertarian, Green, and Other parties collectively drawing just over 1% of the vote. This close division highlights a competitive political landscape that may require future candidates to pay close attention to local demographics and issues in order to secure a win.
49.10% of voters voted for the Republican party in the 2020 Presidential Election
49.41% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Pasquotank County, North Carolina, fluctuations in the student-to-teacher ratio, peaking at 17 in 2019 before returning to around 15 in 2023, likely have implications for real estate trends. Higher ratios might suggest crowded classrooms, potentially influencing family relocation decisions and impacting local property values. For real estate agents, accurately presenting these dynamics can be crucial, while insurance agents may find them helpful in assessing development... Read more
Student-to-teacher ratio in Pasquotank County, North Carolina over the last 10 years
Pasquotank County, North Carolina has seen fluctuations in its student-to-teacher ratio over the past decade, with a peak in 2019 at 17 and a return to near-national average levels of 15 students per teacher in 2023. Trends in occupancy type, such as these changes, could impact real estate valuations and school funding allocations, making it crucial for potential investors, homebuyers, and appraisers to consider these dynamics. A higher student-to-teacher ratio might suggest crowding in classrooms, which could influence a family's decision on where to move and affect local property values. Understanding these ratios helps real estate agents pitch the area's schools accurately and aids insurance agents in assessing risk for property development.
