Pitt County Real Estate and Livability Trends
Pitt County, North Carolina has experienced a consistent rise in average taxable income, from approximately $50,667.18 in 2013 to around $67,840.25 by 2021, hinting at a potentially improving economy. Median home values jumped from $135,300 in 2015 to $178,700 in 2022, although this is still below the North Carolina median of $234,900. Real estate taxes surged to $3,921.81 per return in 2020,... Read more
Pitt County Market Trends
Pitt County's median home values have jumped from $135,300 in 2015 to $178,700 in 2022, signaling a notable growth yet still lagging behind North Carolina’s median of $234,900. Residential energy tax credits peaked dramatically in 2018 at $1,579.17, suggesting significant incentives or uptake in energy efficiency, although they've stabilized around $905.71 by 2021. Real estate taxes per return... Read more
Median Value of Occupied Housing Units in Pitt County, North Carolina Over the Last 8 Years
Pitt County's median home values have experienced a robust upward trajectory over the past eight years, starting at $135,300 in 2015 and surging to $178,700 in 2022. This rise is impressive, though it's still below the state median of $234,900 in 2022 and close to the national median of $179,400. This trend could present a significant opportunity for potential homebuyers and investors, as the area remains more affordable compared to the broader North Carolina market, while also indicating solid growth over time.
Residential Energy Tax Credit Per Tax Return in Pitt County, NC Over the Last 9 Years
Residential energy tax credits in Pitt County, North Carolina have shown notable fluctuations over the last nine years. The average credit per tax return saw a steep increase in 2018, reaching an unprecedented $1579.17, compared to more moderate values around $337.59 in 2013 and $462.04 in 2014. This spike suggests potential temporary incentives or increased adoption of energy-efficient solutions during that period. Although the average dipped in subsequent years, it remained relatively high at $905.71 in 2021, reflecting a sustained interest in energy efficiency investments. This trend could be crucial for investors, real estate agents, and property developers focusing on green energy solutions.
Average Real Estate Taxes Per Tax Return in Pitt County, NC Over the Last 10 Years
Over the last decade, Pitt County, North Carolina has seen a notable upward trend in real estate taxes per tax return. Starting at around $2,288.87 in 2012, taxes have gradually climbed each year, peaking at $3,921.81 in 2020 before settling slightly lower at $3,774.75 in 2021. These increases, particularly the significant jump in 2018, could indicate rising property values or changes in tax rates, which may affect investment decisions, property appraisals, insurance costs, and overall housing affordability in the area.
Percentage of Farm Returns in Pitt County, NC Over the Last 10 Years
Over the last decade, Pitt County, North Carolina, has experienced a gradual decline in the percentage of farm tax returns, dropping from approximately 0.62% in 2012 to around 0.39% in 2021. Farm tax returns are an indicator of the number of farming businesses filing taxes in a given year, reflecting the vitality and economic health of the agriculture sector in the county. This downward trend might suggest shifts in land use, economic pressures on small farms, or broader changes in the agricultural industry, which could be intriguing for potential investors, developers, and residents considering the local economic landscape.
Number of Mortgages by Occupancy Type in Pitt County, NC Over the Last 5 Years in Pitt County
Pitt County, North Carolina has seen fluctuating mortgage counts across different occupancy types over the past five years. Notably, principal residences dominated the mortgage counts, peaking in 2021 before dropping significantly in 2022. Investment properties and second residences showed steadier, albeit lower, numbers. These trends potentially indicate market shifts that could affect everything from property values and rental yields to insurance premiums, making it essential for investors, real estate agents, and developers to stay informed. This variability may influence appraisals and play a role in future housing demand, thus impacting decision-making for those considering a move or investment in Pitt County.
Economic Outlook
Pitt County, North Carolina, has seen a steady increase in average taxable income per tax return, from approximately $50,667.18 in 2013 to around $67,840.25 in 2021, suggesting a potentially improving local economy. This trend may influence property appraisals, tax assessments, and real estate investment decisions. Meanwhile, state and local income taxes rose sharply beginning in 2018, hitting $13,212.64 by 2021, indicating possible economic growth or tax policy changes. The noticeable rise in... Read more
Average Taxable Income per Tax Return in Pitt County, NC over the last 9 years
Over the past nine years, Pitt County, North Carolina has seen a steady increase in average taxable income per tax return, rising from approximately $50,667.18 in 2013 to around $67,840.25 in 2021. This upward trend may reflect an improving local economy, making the area potentially attractive for real estate investments, new residents, and commercial developments. Additionally, this rising income could impact property appraisals, tax assessments, and insurance evaluations, suggesting a growing affluence in the region that stakeholders should consider in their planning and decision-making.
Average State and Local Income Taxes Per Tax Return in Pitt County, NC Over the Last 10 Years
Over the past decade, Pitt County, North Carolina has seen fluctuations in average state and local income taxes per tax return, with a particularly noteworthy increase starting in 2018. From 2012 to 2017, the values hovered around $6,800.00. However, this figure sharply rose to beyond $10,000.00 in 2018, climbing steadily to $13,212.64 by 2021. This upward trend may suggest economic growth or changes in tax policies in the county, impacting those interested in investment or property development, as well as those considering moving to the area.
Average Total Tax Liability Per Tax Return in Pitt County, NC Over the Last 10 Years
Over the past decade, Pitt County, North Carolina has seen a noticeable increase in the average total tax liability per tax return, rising from approximately $8,737.40 in 2012 to around $11,492.17 by 2021. This trend likely reflects economic growth or increased earnings within the county, which could interest potential investors or real estate agents evaluating property values. The gradual rise, particularly the significant jump in 2021, may also impact appraisers and insurance agents as they assess property taxes and insurance premiums. For residents or those considering a move to Pitt County, these figures could be a critical factor in financial planning.
Cost of Living in Pitt County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,379 | $1,504 | $1,880 | $1,493 | $1,440 |
| 1 adult 4 children | $1,379 | $1,228 | $1,437 | $1,493 | $1,557 |
| 2 adults 3 children | $1,379 | $1,229 | $1,631 | $1,493 | $1,191 |
| 1 adult 3 children | $1,379 | $1,003 | $1,189 | $1,493 | $1,294 |
| 2 adults 2 children | $1,015 | $1,006 | $1,383 | $1,316 | $960 |
| 1 adult 2 children | $1,015 | $751 | $940 | $1,316 | $933 |
| 2 adults 1 child | $1,015 | $795 | $1,134 | $743 | $865 |
| 1 adult 1 child | $1,015 | $513 | $691 | $743 | $719 |
| 2 adults | $818 | $639 | $886 | $0 | $653 |
| 1 adult | $813 | $348 | $443 | $0 | $583 |
Safety trends & Data
Pitt County, North Carolina has observed noteworthy changes in property crime levels over the past five years, including a sharp decline in burglary and larceny-theft incidents—from 143.0 and 486.0 arrests in 2018 to just 47.0 and 192.0, respectively, in 2022. However, more erratic trends in motor vehicle theft and fraud require more detailed attention, suggesting a mixed but overall encouraging outlook for real estate stakeholders and potential investors. Vandalism and embezzlement also saw... Read more
Property Crime Trends in Pitt County, NC Over the Last 5 Years
Pitt County, North Carolina has seen significant variations in property crime over the past five years, with a notable decline in burglary and larceny-theft incidents. Burglary arrests dropped from 143.0 in 2018 to 47.0 in 2022, while larceny-theft arrests fell from 486.0 to 192.0 over the same period. Conversely, motor vehicle theft and fraud have shown less consistent trends, warranting closer scrutiny for potential investors and insurers. Although the overall trajectory suggests a positive move toward reduced property crime, there remains variability in specific categories such as vandalism and embezzlement, which saw more modest changes. This nuanced landscape is vital for real estate agents, appraisers, and those considering relocation or investment in the region.
Demographics
Pitt County, North Carolina, shows a higher female population compared to males, suggesting potential implications for community services and health care demands. When it comes to education, a significant portion of the adult population holds a high school diploma or some college experience, indicating a moderately educated workforce with room for educational advancement initiatives. The age distribution highlights a prominent young adult demographic, particularly those aged 20-34, which could... Read more
Race Distribution in Pitt County, North Carolina (2022)
Educational Attainment in Pitt County, North Carolina (2022)
Age Distribution in Pitt County, North Carolina
Citizen Population in Pitt County, North Carolina (2022)
Political Trends & Data
Real estate market trends in Pitt County, North Carolina, may be influenced by its competitive political landscape, with approximately 54% of the vote leaning Democratic and about 45% Republican. The presence of minor parties capturing around 1% or less indicates a nuanced voter base, suggesting varied community priorities that could impact housing demand and development dynamics. This potentially competitive political climate might shape future investment and growth in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pitt County in North Carolina potentially leans toward the Democratic party, with approximately 54% of the vote, as opposed to around 45% for the Republicans. The Libertarian and Green parties held a modest presence, capturing around 1% and 0.2% respectively. Other parties combined possibly contributed a minimal share of roughly 0.4%. These figures may suggest a competitive political landscape, reflecting a nuanced voter base that could influence future elections.
44.51% of voters voted for the Republican party in the 2020 Presidential Election
53.96% of voters voted for the Democrat party in the 2020 Presidential Election
0.91% 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
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pitt County, North Carolina's student-to-teacher ratio has hovered just above the national average of 14 students per teacher. Peaking at 15 students per teacher in 2018, the ratio has now slightly decreased to 14.87 in 2023. This trend might suggest slightly larger class sizes, potentially impacting the perceived quality of education and property values. Real estate agents, investors, and developers could see these figures as a factor influencing demand in family-oriented housing... Read more
Student-to-teacher ratio in Pitt County, North Carolina over the last 10 years
Pitt County, North Carolina has seen its student-to-teacher ratio fluctuate over the last decade, generally hovering slightly above the national average of 14 students per teacher. Ratios peaked at around 15 students per teacher in 2018 but have since modestly decreased to 14.87 in 2023. For investors, real estate agents, and those looking to move here, the slightly higher ratios might imply larger class sizes which could affect the perceived quality of education. Appraisers and insurance agents might note these figures when evaluating property values and determining insurance rates, as educational quality is a crucial component of community desirability. The trends in these ratios could be a key consideration for building and real estate development, potentially influencing future demand in family-oriented housing markets.
