Person County Real Estate and Livability Trends
Person County, North Carolina, has experienced a marked rise in median home values from $115,500 in 2015 to $173,200 in 2022, still remaining an affordable option compared to the state median of $234,900. Property taxes nearly doubled from $1,566.07 in 2012 to $3,171.23 in 2021, likely due to higher valuations or rising rates. Trends hint at fluctuating mortgage counts, with principal residences... Read more
Person County Market Trends
Median home values in Person County, North Carolina have risen notably from $115,500 in 2015 to $173,200 in 2022, presenting a lower-cost alternative compared to the state median of $234,900. Property taxes nearly doubled from roughly $1,566.07 in 2012 to $3,171.23 in 2021, possibly signaling higher valuations or increased rates. Energy tax credits per return spiked, especially in 2018,... Read more
Median Value of Occupied Housing Units in Person County, North Carolina Over the Last 8 Years
Median home values in Person County, North Carolina have experienced significant growth over the past eight years, spiking from $115,500 in 2015 to $173,200 in 2022. Although this county's growth aligns with overall national trends, it started from a lower base and still lags behind the national median of $179,400. Compared to the state median value of $234,900 in 2022, Person County presents a more affordable option for potential investors. This suggests that Person County might offer compelling opportunities for real estate investors seeking growth potential, or for homebuyers looking for more reasonably priced homes in North Carolina.
Residential Energy Tax Credit Per Tax Return in Person County, NC Over the Last 9 Years
In Person County, North Carolina, the average residential energy tax credit per tax return has shown significant volatility over the past nine years. Starting at $364.29 in 2013, there was a noticeable peak at $2,020.00 in 2018, followed by a slight drop to $992.00 in 2020 and then a rise to $1,448.28 in 2021. This variance suggests a growing awareness and utilization of energy-efficient improvements, which could be of interest to investors, real estate agents, and those considering new builds or property improvements in the county. These changes may also impact insurance assessments and appraisals, reflecting the increasing value homeowners place on energy-efficient technologies.
Average Real Estate Taxes Per Tax Return in Person County, NC Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Person County, North Carolina, have shown a noticeable upward trend. Starting at approximately $1,566.07 in 2012 and rising to about $3,171.23 by 2021, this increase could signal growing property valuations or potentially higher tax rates. This gradual increase in tax burden might be a key consideration for those investing in property in the area or for current residents planning their finances. Notably, a sharp rise is observed around 2018, moving from $1,971.11 in 2017 to $2,735.56 in 2018, which may be worth investigating further to understand changes in local policy or economic conditions.
Percentage of Farm Returns in Person County, NC Over the Last 10 Years
Over the past decade, Person County, North Carolina has seen a slight decline in the percentage of farm tax returns filed, dropping from approximately 2.15% in 2012 to around 1.52% in 2021. Farm tax returns are filed by agricultural businesses, reflecting the economic health and productivity of the farming sector. For those considering investment, relocation, or development in the county, this trend could suggest shifts in the local agricultural economy worth exploring further. The gradual decrease in farm tax returns may indicate changing dynamics in land use, farming viability, or economic pressures on farmers in the region.
Number of Mortgages by Occupancy Type in Person County, NC Over the Last 5 Years in Person County
Over the last five years in Person County, North Carolina, there are fluctuating trends in mortgage counts across different occupancy types. Principal residences consistently have the highest number of mortgages, peaking in 2021, while investment properties and second residences exhibit variable patterns. Changes in occupancy type can provide insight into the real estate market's dynamics, influencing property values and potential yields for investors. For appraisers and insurers, understanding these trends helps assess risk and property valuations better. Real estate agents and builders might find these shifts crucial when advising clients or planning new developments, as they reflect buyer behavior and preferences in the area.
Economic Outlook
Person County, North Carolina, has shown a upward trend in average taxable income per tax return, reaching around $58,329.12 in 2021, up from $44,243.66 in 2013. This consistent growth could imply increasing property values and a beneficial environment for higher-value insurance policies. Although state and local income taxes per tax return have fluctuated, reaching $6,946.75 in 2021, the general rise may suggest evolving economic conditions or tax policies. The average total tax liability per... Read more
Average Taxable Income per Tax Return in Person County, NC over the last 9 years
Person County, North Carolina, has seen a notable upward trend in the average taxable income per tax return over the past nine years, starting at approximately $44,243.66 in 2013 and reaching around $58,329.12 in 2021. The consistent year-over-year growth can be an attractive indicator for investors and real estate agents, suggesting a steadily improving economic environment. For appraisers and insurance agents, this trend could potentially point to increasing property values and a growing market for higher-value insurance policies. Prospective residents eyeing property in the county might find the rising incomes promising, indicating a community that is financially progressing.
Average State and Local Income Taxes Per Tax Return in Person County, NC Over the Last 10 Years
Person County, North Carolina has seen fluctuating average state and local income taxes per tax return over the past decade. Starting from $4,695.73 in 2012 and showing peaks around $6,451.14 in 2019 and $6,946.75 in 2021, there is a general upward trend. These changes may suggest evolving economic conditions or tax policy shifts, important for potential investors, residents, and financial professionals.
Average Total Tax Liability Per Tax Return in Person County, NC Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Person County, North Carolina has demonstrated a general upward trend. From $5,486.15 in 2012, it climbed to $7,932.55 in 2021. This suggests a combination of rising incomes and possible changes in tax policy or economic factors impacting residents. Notably, there was a slight dip in 2018, but growth resumed thereafter, showing potential for continued economic expansion and investment opportunities in the area.
Cost of Living in Person County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,157 | $1,355 | $1,838 | $1,132 | $1,167 |
| 1 adult 4 children | $1,157 | $1,107 | $1,405 | $1,132 | $1,266 |
| 2 adults 3 children | $1,157 | $1,107 | $1,595 | $1,132 | $943 |
| 1 adult 3 children | $1,157 | $904 | $1,162 | $1,132 | $995 |
| 2 adults 2 children | $843 | $906 | $1,352 | $999 | $791 |
| 1 adult 2 children | $843 | $677 | $919 | $999 | $723 |
| 2 adults 1 child | $843 | $716 | $1,109 | $564 | $744 |
| 1 adult 1 child | $843 | $463 | $676 | $564 | $628 |
| 2 adults | $640 | $575 | $866 | $0 | $601 |
| 1 adult | $636 | $314 | $433 | $0 | $547 |
Safety trends & Data
Property crime in Person County, North Carolina, has seen some significant shifts over the past five years. Notably, burglary arrests dropped from 104 in 2019 to just 25 by 2022, and larceny-theft arrests fell from 119 to 75 within the same period. Fraud cases also declined, from a peak of 40 in 2019 to 15 in 2022. However, crimes like vandalism and stolen property offenses have remained relatively stable. These trends could be crucial factors for buyers, investors, and insurance agents when... Read more
Property Crime Trends in Person County, NC Over the Last 5 Years
Property crime in Person County, North Carolina has seen noticeable fluctuations over the past five years. Burglary and larceny-theft exhibited a significant drop, with burglary arrests decreasing from 104 in 2019 to 25 by 2022, and larceny-theft arrests declining from a high of 119 in 2019 to 75 in 2022. The number of fraud cases has also shown a downward trend, peaking at 40 in 2019 and dipping to 15 by 2022. However, certain crimes like vandalism and stolen property offenses have remained relatively steady, suggesting varying levels of criminal activity across different types of property crimes. Buyers, investors, and even insurance agents should consider these trends when evaluating the area's safety and potential risks associated with property investments.
Demographics
Person County, North Carolina, shows a relatively balanced gender distribution among adults, with slightly more females than males. Educational attainment lags somewhat, as a notable proportion of residents did not finish high school. However, there's still a significant number of high school graduates and those who pursued higher education. Age distribution skews toward middle-aged and older adults, implying an aging population that could impact local services and workforce dynamics. Racially,... Read more
Race Distribution in Person County, North Carolina (2022)
Educational Attainment in Person County, North Carolina (2022)
Age Distribution in Person County, North Carolina
Citizen Population in Person County, North Carolina (2022)
Political Trends & Data
Person County, North Carolina shows a potential lean towards Republicans with roughly 60% of the presidential vote. Democrats gathered about 39%, while minor parties like Libertarian and Green barely made a dent, each capturing less than 1%. This implies a strong concentration of support for the two major parties, hinting at a notably polarized political environment in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Person County, North Carolina showed a potential lean towards the Republican side with approximately 60% of the vote, while Democrats garnered around 39%. Minor parties, including Libertarian and Green, accumulated less than 1% of the vote each. There appears to be a significant concentration of support for the two major parties, suggesting a fairly polarized electoral landscape in this region.
60.22% of voters voted for the Republican party in the 2020 Presidential Election
38.66% of voters voted for the Democrat party in the 2020 Presidential Election
0.66% 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
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Person County, North Carolina, the student-to-teacher ratio has been consistently higher than the national average, peaking at 17 in 2019 before declining to around 15 in 2023. This dynamic could influence family relocation decisions, potentially impacting real estate demand. For investors and developers, it may signal a need for new or expanded educational facilities, while appraisers and insurance agents might consider these metrics when assessing property values and community... Read more
Student-to-teacher ratio in Person County, North Carolina over the last 10 years
Over the past decade, the student-to-teacher ratio in Person County, North Carolina has fluctuated, peaking at 17 in 2019 and recently declining to around 15 in 2023. This ratio has consistently remained above the national average of 14. Such dynamics could potentially impact decisions for families considering moving to the area and might be a factor for real estate agents when evaluating property demand. For investors and developers, these ratios might indicate the need for new or expanded educational facilities. Appraisers and insurance agents may also view these educational metrics as part of the broader context affecting property values and community growth.
