Rockingham County Real Estate and Livability Trends
Rockingham County, North Carolina has seen a robust rise in median home values, jumping from $106,700 in 2015 to $142,900 in 2022, indicating a potential surge in demand and investment interest. Alongside this growth, the county has experienced significant declines in property crime, with larceny incidents falling dramatically from 380.00 in 2018 to just 228.00 in 2022. Meanwhile, average income... Read more
Rockingham County Market Trends
Rockingham County, North Carolina has experienced robust appreciation in median home values, rising from $106,700 in 2015 to $142,900 in 2022. Despite starting lower than both national and state averages, the area’s growth rate could indicate burgeoning demand and investment potential. Fluctuations in residential energy tax credits, peaking at $1,720.00 in 2018, suggest increasing homeowner... Read more
Median Value of Occupied Housing Units in Rockingham County, North Carolina Over the Last 8 Years
Over the past eight years, Rockingham County, North Carolina has seen its median home values rise impressively from $106,700 in 2015 to $142,900 in 2022. Though starting significantly lower than both the national ($125,500) and North Carolina state ($154,900) averages in 2015, Rockingham County's home value appreciation rate has been robust, particularly accelerating in recent years. For those looking to invest in or move to the area, this trend could indicate growing demand and potential for future appreciation, albeit from a comparably lower base. This upward trend adds a compelling layer for investors seeking growth opportunities in emerging markets within the state.
Residential Energy Tax Credit Per Tax Return in Rockingham County, NC Over the Last 9 Years
Rockingham County, North Carolina has seen fluctuating levels of residential energy tax credits over the past nine years, reflecting a growing interest in energy efficiency investments among homeowners. Notable spikes, such as a jump to $1720.00 in 2018, suggest significant enhancements or incentives in renewable energy installations or energy-efficient upgrades during that period. These trends are important for potential investors and homeowners, as they indicate a potential for reduced energy costs and increased property value. Real estate agents and appraisers could leverage these insights to highlight energy efficiency as a selling point, while insurance agents might consider the durability and risk mitigation of energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Rockingham County, NC Over the Last 10 Years
Over the past decade, Rockingham County, North Carolina has observed a noticeable upward trend in average real estate taxes per tax return, suggesting a potential rise in property values or tax rates. From a low of approximately $1,815.73 in 2012 to a high of around $3,158.99 in 2020, and then a slight decrease to $2,996.09 in 2021, the consistent increase is significant for investors, homebuyers, and real estate professionals. This trend may influence decisions regarding property investments, insurance assessments, and valuation adjustments in the area. The spike in real estate taxes from 2017 to 2018, from about $2,078.52 to $2,627.01, stands out as a particularly noteworthy change.
Percentage of Farm Returns in Rockingham County, NC Over the Last 10 Years
Over the last decade, the percentage of farm returns in Rockingham County, North Carolina, has shown a slight downward trend. Starting at roughly 1.99% in 2012, it fluctuated marginally but eventually decreased to about 1.53% by 2021. For those interested in investing, building, or moving to the area, this could suggest a gradual shift away from agricultural activities, potentially giving rise to alternative land uses and investment opportunities. It's a noteworthy observation for understanding the evolving economic landscape in this region.
Number of Mortgages by Occupancy Type in Rockingham County, NC Over the Last 5 Years in Rockingham County
In Rockingham County, North Carolina, the frequency of mortgages for principal residences has shown a notable upward trend over the last five years, while those for investment properties and second residences have remained relatively stable. This shift could signify a growing demand for primary housing amidst a possibly stabilizing or declining interest in investment and vacation properties. For investors, understanding this balance is key to predicting potential returns, while insurers and appraisers might adjust risk assessments and valuations accordingly. Developers and real estate agents can also leverage this insight to tailor their offerings to a predominantly primary residential market.
Economic Outlook
Rockingham County, North Carolina has experienced a notable increase in average taxable income per tax return, rising from around $42,721.04 in 2013 to about $55,624.98 by 2021. Such growth suggests a surge in affluence, possibly making the area more appealing for real estate investors and businesses. Meanwhile, average state and local income taxes have escalated from $5,314.61 in 2012 to $8,721.97 by 2021, indicating a growing cost burden for residents. These spikes in tax liabilities and... Read more
Average Taxable Income per Tax Return in Rockingham County, NC over the last 9 years
Rockingham County, North Carolina has seen a generally upward trend in average taxable income per tax return over the past nine years, increasing from approximately $42,721.04 in 2013 to roughly $55,624.98 in 2021. This growth suggests a potential rise in affluence which may be appealing for real estate investors, new residents, and businesses looking to tap into a market with increasing purchasing power. However, the increase most notably jumps in 2021, indicating a significant spike rather than a gradual climb, raising questions about economic shifts or unique conditions impacting the most recent year.
Average State and Local Income Taxes Per Tax Return in Rockingham County, NC Over the Last 10 Years
Rockingham County, North Carolina has seen significant fluctuation and a notable increase in average state and local income taxes per tax return over the last decade. From a relatively stable $5,314.61 in 2012, the taxes took a dramatic leap to $7,501.73 in 2018 and continued to rise, reaching $8,721.97 by 2021. This upward trend suggests increasing fiscal demands and could influence decisions for potential investors, property developers, and real estate agents. The data may imply a growing cost burden for residents and potentially affects property values and insurance considerations in the area.
Average Total Tax Liability Per Tax Return in Rockingham County, NC Over the Last 10 Years
Over the past decade, Rockingham County, North Carolina has experienced varied shifts in average total tax liability per tax return. From 2012's $5,853.93 to 2021's $7,354.47, there is a noticeable upward trajectory with some fluctuations. Years like 2017 show significant jumps, reaching an average of $6,763.27. Such trends suggest that potential homebuyers, investors, or anyone considering relocation might want to account for possible increases in tax burdens. Real estate professionals and appraisers should note these patterns as reflective of the county's fiscal dynamics, potentially impacting property values and investment attractiveness.
Cost of Living in Rockingham County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,052 | $1,327 | $1,704 | $875 | $942 |
| 1 adult 4 children | $1,052 | $1,084 | $1,301 | $875 | $1,016 |
| 2 adults 3 children | $1,052 | $1,084 | $1,479 | $875 | $773 |
| 1 adult 3 children | $1,052 | $885 | $1,077 | $875 | $756 |
| 2 adults 2 children | $815 | $887 | $1,255 | $772 | $667 |
| 1 adult 2 children | $815 | $663 | $852 | $772 | $580 |
| 2 adults 1 child | $815 | $701 | $1,030 | $436 | $656 |
| 1 adult 1 child | $815 | $453 | $627 | $436 | $548 |
| 2 adults | $631 | $563 | $805 | $0 | $561 |
| 1 adult | $545 | $307 | $403 | $0 | $487 |
Safety trends & Data
Rockingham County, North Carolina has experienced a notable reduction in property crime over the past five years. Larceny and theft have dropped from 380.00 incidents in 2018 to 228.00 in 2022, and burglary incidents have decreased from 90.00 to 63.00 in the same period. Significant declines in fraud cases, from 117.00 to 41.00, suggest enhanced security measures. Vandalism incidents have remained fairly steady, averaging around 40–58 annually. These positive shifts might enhance the county's... Read more
Property Crime Trends in Rockingham County, NC Over the Last 5 Years
Rockingham County, North Carolina has seen notable shifts in property crime over the past five years. Larceny and theft remain the most frequent offenses, although there's a gradual decrease from 380.0 incidents in 2018 to 228.0 in 2022. Burglary incidents have also declined, from 90.0 in 2018 to 63.0 in 2022. Instances of fraud show a significant drop, from 117.0 in 2018 to 41.0 in 2022. Vandalism numbers have roughly stayed consistent, hovering around 40–58 incidents annually. Motor vehicle theft has remained relatively low and stable. These trends could indicate improvements in local law enforcement and community initiatives, making it potentially more attractive for prospective property investors and new residents.
Demographics
Rockingham County, North Carolina, shows a slightly higher number of females than males in its adult population. The educational attainment data suggest a significant proportion of high school graduates, but the percentage of residents with a bachelor's degree or higher is relatively modest. The age distribution indicates a substantial portion of the population is middle-aged, with a noticeable aging demographic over the age of 65. In terms of racial composition, the county is predominantly... Read more
Race Distribution in Rockingham County, North Carolina (2022)
Educational Attainment in Rockingham County, North Carolina (2022)
Age Distribution in Rockingham County, North Carolina
Citizen Population in Rockingham County, North Carolina (2022)
Political Trends & Data
Rockingham County in North Carolina displayed a strong inclination towards Republican candidates during the 2020 U.S. Presidential Election, securing about 65% of the votes for the GOP. Democratic candidates garnered around 33% of the vote, while minor parties, including Libertarians and Greens, collectively managed less than 2%. This voting pattern indicates a largely conservative electorate in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Rockingham County in North Carolina saw a significant lean towards Republican candidates, with around 65% of the votes. Democratic candidates received approximately 33% of the vote, while minor parties like the Libertarians and Greens, along with other affiliations, captured less than 2% combined. These figures suggest a predominantly Republican voter base in the county.
65.47% of voters voted for the Republican party in the 2020 Presidential Election
33.45% of voters voted for the Democrat party in the 2020 Presidential Election
0.65% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% 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
Rockingham County, North Carolina's student-to-teacher ratio has fluctuated over the past decade, peaking at 16:1 in 2017 and gradually decreasing to 15:1 by 2023, which is still above the U.S. average of 14:1. This trend could be significant for potential investors, educators, and local stakeholders, as higher ratios often indicate larger class sizes, possibly affecting educational quality and classroom management. Such information may influence property investments and decisions about... Read more
Student-to-teacher ratio in Rockingham County, North Carolina over the last 10 years
Rockingham County, North Carolina has seen fluctuations in its student-to-teacher ratio over the past decade, peaking at 16 students per teacher in 2017 and gradually decreasing to 15 students per teacher by 2023. While this ratio remains slightly above the U.S. national average of 14 students per teacher, potential investors, educators, and local stakeholders might find these trends significant. Higher student-to-teacher ratios generally suggest larger class sizes, which could impact educational quality and classroom management. This data may be relevant for appraisers, real estate agents, and families considering moving to the area, as it can influence decisions ranging from property investments to educational placements.
