Perquimans County Real Estate and Livability Trends
Perquimans County, North Carolina is witnessing notable economic and real estate developments. The average taxable income per tax return has grown steadily, reaching $64,889.82 in 2021, indicating a potentially stronger economic landscape. Median home values have risen to $211,100 in 2022, underscoring growth potential in a relatively affordable market. Meanwhile, energy tax credits surged to... Read more
Perquimans County Market Trends
Perquimans County, North Carolina's median home values have risen to $211,100 in 2022, outpacing national figures and suggesting growth potential in a relatively affordable market. Energy tax credits surged to $730.00 in 2021, indicating an uptick in energy-efficient home investments that could present upside for stakeholders. Real estate taxes have climbed sharply, from $1,906.96 in 2012 to... Read more
Median Value of Occupied Housing Units in Perquimans County, North Carolina Over the Last 8 Years
Perquimans County, North Carolina's median home values have shown a general upward trend over the past eight years, hitting $211,100 in 2022. This rise compares favorably to both the state and national averages, with North Carolina reaching $234,900 and the U.S. peaking at $179,400 in the same year. For prospective homeowners and investors, Perquimans County offers growth potential in an emerging market that remains competitively priced relative to the broader state and national figures. This trend may indicate increasing property values, making it an attractive opportunity for long-term investment.
Residential Energy Tax Credit Per Tax Return in Perquimans County, NC Over the Last 8 Years
Over the past eight years, Perquimans County in North Carolina has seen fluctuations in the average Residential Energy Tax Credit per tax return, with notable peaks in 2014 at $627.27 and in 2015 at $645.45, followed by a slump in 2017 at $450.00. However, more recent years show a significant upward trend, reaching $728.57 in 2020 and $730.00 in 2021. This suggests growing investment in energy-efficient home improvements, presenting potential opportunities for real estate agents, appraisers, and insurance agents to capitalize on the increasing emphasis on energy efficiency.
Average Real Estate Taxes Per Tax Return in Perquimans County, NC Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Perquimans County, North Carolina, have shown a significant upward trend, starting from around $1,906.96 in 2012 to roughly $2,929.03 in 2021. The sharpest increase was noted between 2017 and 2019, with a peak value of approximately $3,162.16 in 2019. This tax trajectory is important for investors, property developers, and residents as it could impact investment returns, cost of living, and property valuations going forward.
Percentage of Farm Returns in Perquimans County, NC Over the Last 10 Years
Over the last decade, Perquimans County in North Carolina has seen slight fluctuations in farm tax returns, generally hovering around 2.4% to 2.8%. The percentage hovered at around 2.8% in 2015 but has shown a gradual decrease, dipping to approximately 2.1% by 2021. These shifts could indicate evolving agricultural dynamics or changing economic conditions in the region. Farm tax returns, representing the proportion of farmers reporting income taxes, provide insight into agricultural activity and economic health, and they are critical for those considering agricultural investments or developments in the area.
Number of Mortgages by Occupancy Type in Perquimans County, NC Over the Last 5 Years in Perquimans County
For those eyeing real estate opportunities in Perquimans County, North Carolina, trends over the past five years indicate a dominant preference for mortgages on principal residences, with 2021 seeing a peak at 1,073. A noticeable dip occurs in 2022, dropping to 745. Meanwhile, secondary residences and investment properties have remained relatively stable but are a much smaller portion of the market. Variations in mortgage distribution are crucial for investors, appraisers, real estate agents, and others as they reveal shifts in the housing demands and economic confidence, helping forecast market resilience and potential profitability based on occupancy preferences.
Economic Outlook
Perquimans County, North Carolina has observed a consistent rise in the average taxable income per tax return over the past nine years, hitting a peak of $64,889.82 in 2021. This growth trend may hint at an improving economic landscape, making the area intriguing for investors and real estate professionals. Accompanying these income trends, state and local income taxes per tax return have fluctuated, peaking in 2020 at around $6,084.85, potentially reflecting changes in incomes or tax rates.... Read more
Average Taxable Income per Tax Return in Perquimans County, NC over the last 9 years
Over the past nine years, Perquimans County, North Carolina has seen a steady increase in the average taxable income per tax return, peaking significantly in 2021 at $64,889.82. The consistent growth, with notable jumps from 2017 onward, indicates a potentially improving economic landscape, making it a point of interest for investors and real estate professionals. Ensuring property valuations align with these trends can be crucial for appraisers and insurance agents. This upswing might also attract new residents and businesses looking for emerging markets in North Carolina.
Average State and Local Income Taxes Per Tax Return in Perquimans County, NC Over the Last 10 Years
In Perquimans County, North Carolina, the average state and local income taxes per tax return have shown notable fluctuations over the past decade. Starting around $5,211.11 in 2012, taxes generally decreased until hitting a low of $4,881.97 in 2014. Yet, the trend shifted upward starting in 2018, peaking at approximately $6,084.85 in 2020. While this increase may suggest rising incomes or tax rates, potential residents or investors should consider these changes when assessing the overall tax burden and its impact on financial planning and property values.
Average Total Tax Liability Per Tax Return in Perquimans County, NC Over the Last 10 Years
Over the last decade, Perquimans County, North Carolina has seen a notable increase in the average total tax liability per tax return, peaking at approximately $8,684.46 in 2021. This upward trend, especially the sharp rise in recent years, could suggest economic growth or changes in income levels. This is something for potential investors, real estate agents, and property developers to keep an eye on, as it may impact property valuations, insurance costs, and overall attractiveness for new residents.
Cost of Living in Perquimans County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,286 | $1,399 | $2,260 | $1,085 | $1,402 |
| 1 adult 4 children | $1,286 | $1,143 | $1,732 | $1,085 | $1,492 |
| 2 adults 3 children | $1,286 | $1,143 | $1,959 | $1,085 | $1,140 |
| 1 adult 3 children | $1,286 | $933 | $1,431 | $1,085 | $1,182 |
| 2 adults 2 children | $905 | $936 | $1,658 | $946 | $895 |
| 1 adult 2 children | $905 | $699 | $1,130 | $946 | $820 |
| 2 adults 1 child | $905 | $740 | $1,357 | $493 | $821 |
| 1 adult 1 child | $905 | $478 | $829 | $493 | $672 |
| 2 adults | $688 | $594 | $1,056 | $0 | $667 |
| 1 adult | $683 | $324 | $528 | $0 | $579 |
Safety trends & Data
Property crime trends in Perquimans County, North Carolina have fluctuated over the past few years, potentially impacting real estate investment decisions. While property crime, particularly larceny-theft and burglary, saw notable decreases from 2018 to 2021, 2022 witnessed a resurgence, especially in larceny-theft rising to 18.0. Motor vehicle theft has remained consistently low, though still a concern. This pattern may suggest improvements in local security measures with intermittent... Read more
Property Crime Trends in Perquimans County, NC Over the Last 3 Years
Perquimans County, North Carolina has seen significant fluctuation in property crime over the past three years, which could influence investment decisions and real estate interest. While 2018 had higher counts in categories like larceny-theft at 20.0 and burglary at 8.0, these numbers dropped considerably in 2021, with larceny-theft falling to 7.0 and burglary to 4.0, suggesting possible improvements in local security measures. Yet, 2022 shows a resurgence in some areas, particularly larceny-theft increasing to 18.0, highlighting the need for continued vigilance and perhaps community engagement in crime prevention. Notably, motor vehicle theft remains relatively low but still present, which could be a point of concern for prospective property buyers.
Demographics
Perquimans County, North Carolina shows a slight female majority with a nearly even gender split. Educational attainment highlights that a significant portion of the population has completed high school, yet higher education degrees are less common. The age distribution indicates a mature community, with a noticeable concentration in the 55 to 74 age range. Racially, the county is predominantly White, with much smaller representation from other racial groups. These trends suggest specific... Read more
Race Distribution in Perquimans County, North Carolina (2022)
Educational Attainment in Perquimans County, North Carolina (2022)
Age Distribution in Perquimans County, North Carolina
Citizen Population in Perquimans County, North Carolina (2022)
Political Trends & Data
Perquimans County in North Carolina showed a significant preference for the Republican party in the 2020 U.S. Presidential Election, with potentially over 65% of the votes. The Democratic party might have secured roughly 33%, and smaller parties like the Libertarian and Green parties seemed to gain minimal support. This political landscape hints at a robust conservative base that could impact local policies and election... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Perquimans County in North Carolina leaned heavily towards the Republican party in the 2020 U.S. Presidential Election, with possibly over 65% of the votes. The Democratic party may have captured around 33%, while smaller parties like the Libertarian and Green parties appeared to gain marginal traction. This trend could reflect broader political leanings in similar counties, suggesting a strong conservative base that might influence local policies and election outcomes moving forward.
65.51% of voters voted for the Republican party in the 2020 Presidential Election
33.30% of voters voted for the Democrat party in the 2020 Presidential Election
0.59% 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
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Perquimans County, North Carolina offers a stable and slightly lower-than-average student-to-teacher ratio, typically fluctuating between 13 and 15 over the last decade. This consistent educational environment can be appealing to families and investors, hinting at a community where quality education is a priority. This stability may also encourage predictable property values, making it an attractive locale for real estate... Read more
Student-to-teacher ratio in Perquimans County, North Carolina over the last 10 years
Perquimans County, North Carolina has seen its student-to-teacher ratio fluctuate between 13 and 15 over the last decade, occasionally dipping just below the national average of 14 students per teacher. For investors, real estate agents, and families, this stable and slightly lower-than-average ratio might indicate a favorable environment for education, potentially enhancing the area's desirability. Appraisers and insurance agents could also view this consistency as a sign of stable community investment, ensuring more predictable property values and risk assessments. The ratio's minimal fluctuations suggest sustained educational quality, which is likely attractive to those considering moving to or investing in Perquimans County.
