Randolph County Real Estate and Livability Trends
The real estate market in Randolph County, North Carolina, has seen home values appreciate from $120,700.00 in 2015 to $158,300.00 in 2022, making it a stable yet affordable option compared to state and national averages. Rising real estate taxes from $1,766.00 in 2012 to $3,299.50 in 2021 could affect financial planning for buyers. Fluctuating residential energy tax credits, peaking at $2,370.59... Read more
Randolph County Market Trends
Home values in Randolph County, North Carolina have appreciated from $120,700 in 2015 to $158,300 in 2022, offering a relatively stable yet affordable market compared to state and national figures. Residential energy tax credits have fluctuated, peaking at $2,370.59 in 2018 before settling around $1,258.57 in 2021, indicating potential savings for energy-efficient homes. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Randolph County, North Carolina Over the Last 8 Years
The median home values in Randolph County, North Carolina have shown a steady increase over the past eight years, jumping from $120,700 in 2015 to $158,300 in 2022. This trajectory is somewhat consistent with state and national trends, though the county’s growth appears slightly more modest when compared to North Carolina's rise from $154,900 to $234,900 in the same period. Nationally, the median value climbed from $125,500 to $179,400. For those looking to invest or build property in Randolph County, this could suggest a relatively stable yet appreciating market, providing a potentially more affordable entry point compared to the broader state and country while still offering growth potential.
Residential Energy Tax Credit Per Tax Return in Randolph County, NC Over the Last 9 Years
Randolph County, North Carolina, has shown fluctuating residential energy tax credits per tax return over the past nine years. Starting in 2013 at approximately $394.23, the amount increased significantly, peaking in 2018 at around $2,370.59, before stabilizing to just over $1,258.57 by 2021. These variations could signal changing investment in energy-efficient homes or shifts in county energy policies. For potential investors, real estate agents, or those considering moving, understanding these trends could hint at energy-related opportunities or savings.
Average Real Estate Taxes Per Tax Return in Randolph County, NC Over the Last 10 Years
Over the past decade, Randolph County, North Carolina, has experienced a notable increase in average real estate taxes per tax return. The figures have shown a steady climb from approximately $1,766.00 in 2012 to around $3,299.50 in 2021. A particularly sharp jump occurred between 2017 and 2018, where taxes surged by over $830.00. This consistent upward trend could influence decisions for potential property buyers, investors, and financial planners.
Percentage of Farm Returns in Randolph County, NC Over the Last 10 Years
Farm tax returns in Randolph County, North Carolina, have shown a steady decline over the past decade, decreasing from approximately 2.22% in 2012 to about 1.75% in 2021. This trend suggests a gradual reduction in farm-based economic activity, which could be an important factor for investors, property developers, and new residents to consider. Those interested in agricultural investments or rural living may need to investigate the causes behind this trend, such as possible shifts in local agricultural practices, economic pressures, or alternative land uses becoming more prevalent.
Number of Mortgages by Occupancy Type in Randolph County, NC Over the Last 5 Years in Randolph County
The number of mortgages in Randolph County, North Carolina has varied by occupancy type over the past five years, with principal residences comprising the majority. Investment properties saw slight fluctuations but remained relatively stable, while second residences have consistently represented a minor portion of the market. This dynamic suggests a strong demand for primary homes, important for potential investors and developers targeting stable, long-term occupants. Insurance agents and appraisers can leverage these trends to better gauge risk and valuation. For real estate agents and prospective residents, the stability in principal residence mortgages implies steady residential appeal and community growth.
Economic Outlook
Randolph County, North Carolina has shown a steady rise in average taxable income per tax return from $42,837.12 in 2013 to $60,414.21 in 2021, indicating potential economic growth which may attract investors and new residents. However, local income taxes have also increased significantly, from $5,582.33 in 2012 to $12,425.85 in 2021, which could impact cost of living and financial planning. The average total tax liability per tax return has fluctuated, peaking at $8,911.99 in 2021, hinting at... Read more
Average Taxable Income per Tax Return in Randolph County, NC over the last 9 years
Over the past nine years, Randolph County, North Carolina has seen a steady increase in average taxable income per tax return, with notable growth from $42,837.12 in 2013 to $60,414.21 in 2021. This upward trend suggests economic growth in the county, potentially making it an interesting market for investors, real estate agents, and those considering a move. The pronounced jump in income in 2021 could particularly highlight more recent economic shifts or opportunities. Appraisers and insurance agents might note these changes as they could impact property valuations and policy rates.
Average State and Local Income Taxes Per Tax Return in Randolph County, NC Over the Last 10 Years
For anyone considering investing or relocating to Randolph County, North Carolina, it's noteworthy that average state and local income taxes per tax return have seen a significant upward trend. From $5,582.33 in 2012, figures have climbed to $12,425.85 by 2021. This steep increase, especially noticeable post-2016, suggests a rising local financial obligation, which could have implications for budgeting, cost of living evaluations, and financial planning. Real estate agents, appraisers, and insurance agents would also need to consider these escalating tax figures when advising clients or assessing property values in the region.
Average Total Tax Liability Per Tax Return in Randolph County, NC Over the Last 10 Years
In Randolph County, North Carolina, the average total tax liability per tax return has shown variability over the past decade, with notable spikes in 2014, 2017, and most significantly in 2021, where it reached $8,911.99. This fluctuation could signal economic shifts or changes in local policy impacting residents' taxable income. Potential investors, builders, and real estate agents should consider these insights as they reflect both the financial climate and underlying economic conditions of the area.
Cost of Living in Randolph County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,100 | $1,363 | $1,704 | $1,235 | $1,129 |
| 1 adult 4 children | $1,100 | $1,113 | $1,301 | $1,235 | $1,232 |
| 2 adults 3 children | $1,100 | $1,114 | $1,479 | $1,235 | $917 |
| 1 adult 3 children | $1,100 | $909 | $1,077 | $1,235 | $995 |
| 2 adults 2 children | $853 | $912 | $1,255 | $1,089 | $810 |
| 1 adult 2 children | $853 | $681 | $852 | $1,089 | $730 |
| 2 adults 1 child | $853 | $721 | $1,030 | $615 | $737 |
| 1 adult 1 child | $853 | $465 | $627 | $615 | $625 |
| 2 adults | $755 | $579 | $805 | $0 | $620 |
| 1 adult | $733 | $316 | $403 | $0 | $559 |
Safety trends & Data
Randolph County, North Carolina has shown notable fluctuations in property crime over the past five years, experiencing significant drops after a high in 2018, particularly in burglary and larceny-theft. By 2022, these crimes saw a cautious upward trend again, with burglary arrests nearly doubling from 2021 to 72.00 and larceny-theft reaching 284.00 arrests. Minor rises in vandalism and motor vehicle theft could be critical for investors and real estate professionals to consider, as community... Read more
Property Crime Trends in Randolph County, NC Over the Last 5 Years
Randolph County, North Carolina has seen notable fluctuations in property crime over the past five years. While 2018 experienced higher numbers in almost all categories, the following years saw significant drops, particularly in burglary and larceny-theft. By 2022, there was a slow but steady increase again, with burglary arrests nearly doubling from 2021 to 72.0, and larceny-theft reaching 284.0 arrests. Vandalism and motor vehicle theft have also seen minor rises, reflecting a cautious upward trend in property crimes, which could be crucial for potential investors, real estate professionals, or societal stakeholders in understanding community safety and property values in this area.
Demographics
Randolph County, North Carolina shows a close gender balance with slightly more females than males. Educational attainment varies, with a significant proportion having completed high school or some college, while fewer residents hold a bachelor's or higher degree. The age distribution is fairly spread out, highlighting a relatively balanced mix between younger and older adults. Racially, the area is predominantly White, with smaller percentages of Black or African American, Asian, and other... Read more
Race Distribution in Randolph County, North Carolina (2022)
Educational Attainment in Randolph County, North Carolina (2022)
Age Distribution in Randolph County, North Carolina
Citizen Population in Randolph County, North Carolina (2022)
Political Trends & Data
In Randolph County, North Carolina, the 2020 U.S. Presidential Election results showed a strong leaning toward the Republican Party, which secured around 78% of the votes. The Democratic Party managed to capture just over 21%, while Libertarians, Greens, and other parties collectively received less than 1% each. This likely indicates a solid Republican base that could shape local and state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Randolph County, North Carolina, the Republican party garnered a significant portion of the votes in the 2020 U.S. Presidential Election, with close to 78%. The Democratic party trailed far behind, capturing a little over 21% of the vote. Libertarians, Greens, and other parties collectively seemed to account for just a minor fraction, generally registering below 1% each. These trends might reflect a strong Republican base in the area, potentially influencing local and state-level politics.
77.60% of voters voted for the Republican party in the 2020 Presidential Election
21.30% of voters voted for the Democrat party in the 2020 Presidential Election
0.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Randolph County, North Carolina has consistently stayed above the national average, fluctuating between 15 and 16 students per teacher. This could imply larger class sizes and potentially impact individual student attention and classroom dynamics. However, for families considering a move, real estate agents, and property investors, it could also indicate stable educational demand and the county's ability to maintain staffing levels.... Read more
Student-to-teacher ratio in Randolph County, North Carolina over the last 10 years
Over the past decade, the student-to-teacher ratio in Randolph County, North Carolina has fluctuated between 15 and 16, consistently staying above the national average of 14 students per teacher. This slightly higher ratio could imply larger class sizes, which might affect individual student attention and overall classroom dynamics. For families considering a move, real estate agents, and potential property investors, this steady ratio may reflect stable educational demands and the county's ability to maintain teacher staffing levels. Appraisers and insurance agents may also find this data relevant as it can offer insight into community support and resource allocation for education.
