Polk County Real Estate and Livability Trends
Polk County, North Carolina, is seeing notable economic growth with average taxable income per tax return rising from $52,250.34 in 2013 to $83,190.35 in 2021, suggesting growing property values and potential for affluent residents and investors. Median home values have surged from $190,700 in 2015 to $255,000 in 2022, outpacing national and state growth rates, indicating strong demand drivers.... Read more
Polk County Market Trends
Polk County, North Carolina has experienced a pronounced climb in median home values, jumping from $190,700 in 2015 to $255,000 in 2022, outpacing both national and state growth rates. This suggests promising investment opportunities fueled by unique demand drivers. Residential energy tax credits per tax return have also surged, reaching $1,775.00 in 2019, pointing to increased incentives for... Read more
Median Value of Occupied Housing Units in Polk County, North Carolina Over the Last 8 Years
Polk County, North Carolina has seen a significant upward trend in median home values over the last eight years, increasing from $190,700 in 2015 to $255,000 in 2022. This exceeds the growth rates seen both at the national level, where median values rose from $125,500 to $179,400, and within the state of North Carolina, which saw an increase from $154,900 to $234,900 during the same period. This disparity suggests that Polk County may offer robust investment opportunities and reflects a strong local housing market likely driven by unique demand factors.
Residential Energy Tax Credit Per Tax Return in Polk County, NC Over the Last 8 Years
Polk County, North Carolina has seen notable fluctuations in residential energy tax credits per tax return over the past eight years, with a sharp increase from a modest $347.06 in 2013 to an impressive $1,775.00 in 2019. Although there's variability, the overall trend points to growing incentives for energy efficiency and renewable energy investments, which could be a key attraction for environmentally conscious homebuyers and investors. This is a vital consideration for appraisers, property developers, insurance agents, and real estate professionals, highlighting potential increases in property value and appeal driven by energy savings.
Average Real Estate Taxes Per Tax Return in Polk County, NC Over the Last 10 Years
Real estate taxes in Polk County, North Carolina, have generally increased over the past decade, reaching $4,282.81 per tax return in 2021. This trend could be indicative of the county's rising property values or increased public spending initiatives. Such an upward shift in taxes might influence decisions for potential investors or property developers, as higher expenses could impact profitability or affordability. For insurance agents and appraisers, this consistent increase in real estate taxes could also suggest a corresponding rise in property valuations, necessitating updated coverage and appraisal values.
Percentage of Farm Returns in Polk County, NC Over the Last 10 Years
In Polk County, North Carolina, the percentage of farm tax returns has experienced a slight but noticeable decline over the past ten years, starting at around 2.54% in 2012 and dropping to approximately 2.13% by 2021. Farm tax returns, which refer to tax filings that include income derived from agricultural activities, are an indicator of the economic health and activity in the agricultural sector. For potential investors or new residents, this trend could imply a shifting economic landscape where farming might be gradually becoming less dominant, potentially opening opportunities for diversification in other sectors.
Number of Mortgages by Occupancy Type in Polk County, NC Over the Last 5 Years in Polk County
Over the past five years in Polk County, North Carolina, there's been noticeable fluctuation in mortgage counts across different occupancy types. Principal residences overwhelmingly dominate, peaking at 1,529 in 2021, before descending to 993 in 2022. Investment properties have seen a modest but evident increase, from 37 in 2019 and 2020 to 61 in 2022. A similar trend follows with second residences, hitting a high of 196 in 2020 but dropping to 84 by 2022. Changes in occupancy type can significantly influence local real estate dynamics—highlighting shifts in permanent versus seasonal populations, potential rental market variations, and impacts on community resources. For investors and real estate agents, these trends might indicate rising opportunities or necessitate caution. Appraisers and insurance agents may also find these shifts critical for risk assessment and pricing strategies.
Economic Outlook
In Polk County, North Carolina, there's been a robust rise in average taxable income per tax return from around $52,250.34 in 2013 to $83,190.35 in 2021. This trend indicates potential economic growth and rising property values, making the area appealing for affluent residents and savvy investors. However, the average state and local income taxes have also increased from approximately $6,782.96 in 2012 to $11,691.78 in 2021, suggesting higher incomes or changed tax policies that could impact... Read more
Average Taxable Income per Tax Return in Polk County, NC over the last 9 years
Over the past nine years, Polk County, North Carolina has seen a generally upward trend in average taxable income per tax return, rising from approximately $52,250.34 in 2013 to $83,190.35 in 2021. This consistent increase, especially the significant jump in 2021, suggests the county might be experiencing economic growth and potentially attracting higher-income residents. For investors, real estate agents, and others in the housing market, this trend could indicate increasing property values and a thriving economic environment worth exploring further.
Average State and Local Income Taxes Per Tax Return in Polk County, NC Over the Last 10 Years
Over the past decade, Polk County, North Carolina has seen a notable upward trend in average state and local income taxes per tax return, rising from approximately $6,782.96 in 2012 to about $11,691.78 in 2021. This suggests an increasing financial burden which could reflect higher incomes or shifts in tax policies. Such data could be crucial for investors, prospective homeowners, and real estate professionals to consider, as these tax implications might affect the overall cost of living and investment returns in the area.
Average Total Tax Liability Per Tax Return in Polk County, NC Over the Last 10 Years
Recent data from Polk County, North Carolina indicates a noticeable increase in the average total tax liability per tax return over the last decade. The figures show fluctuating yet progressively higher values, with the tax liability climbing from approximately $8,942.93 in 2012 to around $14,822.64 in 2021. This trend suggests that residents may be seeing higher incomes or property values, which could be sky-high for investors, real estate professionals, and appraisers to monitor closely. Higher tax liabilities also hint at potential changes in local fiscal policies or shifts in the economic landscape that might interest those considering a move or investment in the area.
Cost of Living in Polk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,125 | $1,532 | $2,023 | $1,620 | $1,508 |
| 1 adult 4 children | $1,125 | $1,251 | $1,549 | $1,620 | $1,610 |
| 2 adults 3 children | $1,125 | $1,252 | $1,754 | $1,620 | $1,235 |
| 1 adult 3 children | $1,125 | $1,022 | $1,280 | $1,620 | $1,329 |
| 2 adults 2 children | $924 | $1,025 | $1,485 | $1,384 | $1,025 |
| 1 adult 2 children | $924 | $765 | $1,011 | $1,384 | $981 |
| 2 adults 1 child | $924 | $810 | $1,217 | $615 | $848 |
| 1 adult 1 child | $924 | $523 | $743 | $615 | $702 |
| 2 adults | $762 | $651 | $948 | $0 | $684 |
| 1 adult | $757 | $355 | $474 | $0 | $595 |
Safety trends & Data
Polk County, North Carolina's property crime trends could hold implications for real estate decisions. Burglary incidents saw a peak of 28 in 2020 but dropped to 24 by 2022, while larceny-theft cases plummeted from 46 in 2018 to 18 in 2022. Notably, fraud-related crimes doubled during this period, perhaps signaling an increased financial crime risk. A spike in motor vehicle thefts to 10 incidents in 2021 also underscores occasional volatility. Real estate professionals should consider these... Read more
Property Crime Trends in Polk County, NC Over the Last 5 Years
Polk County, North Carolina's property crime trends over the past five years reveal noticeable fluctuations in key areas, potentially impacting decisions for investors and residents alike. Burglary incidents peaked in 2020 at 28 but decreased to 24 by 2022. Larceny-theft, a dominant category, saw a high of 46 cases in 2018 and a significant drop to 18 cases by 2022. Fraud-related crimes doubled from 2018 to 2022, reflecting a possibly increasing risk for financial crimes. Motor vehicle thefts remained relatively low but saw a spike to 10 incidents in 2021, indicating occasional volatility. Those looking to appraise property should note the varied trends in vandalism and stolen property crimes, which might affect valuations and perceived safety. The data hints at dynamic shifts in property crime, essential for real estate agents and developers when assessing market conditions and potential risks.
Demographics
Polk County, North Carolina exhibits slightly more females than males, suggesting a potentially impactful dynamic on community services and health care. Educationally, a significant portion holds at least a high school diploma, but many have pursued higher education, which could imply a workforce skilled in various professions. Age-wise, there's a notable concentration of residents in the 55 to 64 and 65 to 74 age brackets, hinting at a maturing population that may influence the county's focus... Read more
Race Distribution in Polk County, North Carolina (2022)
Educational Attainment in Polk County, North Carolina (2022)
Age Distribution in Polk County, North Carolina
Citizen Population in Polk County, North Carolina (2022)
Political Trends & Data
Polk County, North Carolina has a marked conservative tilt, as evidenced by the 2020 Presidential Election where approximately 62% of the votes went to the Republican party. This conservative leaning might influence local real estate trends, with potential buyers perhaps favoring traditional, more suburban or rural property settings. The preference for more conservative policies could also impact property taxes, zoning laws, and community development plans, making it a potentially attractive... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 Presidential Election, Polk County in North Carolina showed a notable preference for the Republican party, which garnered approximately 62% of the votes. The Democratic party trailed significantly, attracting around 37%. Minor parties, including the Libertarian and Green parties, had a minimal impact, each securing well below 1% of the vote. This voting pattern might suggest a strong conservative leaning within the county's electorate.
62.22% of voters voted for the Republican party in the 2020 Presidential Election
36.56% of voters voted for the Democrat party in the 2020 Presidential Election
0.70% 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
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Polk County, North Carolina, the student-to-teacher ratio has mostly hovered below the national average of 14 students per teacher over the past decade. From a low of 12 students per teacher in 2022 to a peak of just over 13 in 2018 and 2023, this trend can be appealing for young families seeking more personalized education for their children. For real estate investors and builders, the stable and favorable ratios indicate a potentially attractive market for family-oriented developments.... Read more
Student-to-teacher ratio in Polk County, North Carolina over the last 10 years
The student-to-teacher ratio in Polk County, North Carolina has generally stayed below the national average of 14 students per teacher over the last decade. Between 2014 and 2023, values varied from a low of 12 students per teacher in 2022 to a high of just over 13 in 2018 and 2023. These lower ratios may suggest more personalized attention for students, which is often a point of interest for young families considering relocation. For investors and property builders, a stable and favorable student-to-teacher ratio could indicate a potentially attractive market for family-oriented developments. Real estate agents and appraisers might also find this data useful in gauging the appeal of the local education system to prospective buyers.
