Rutherford County Real Estate and Livability Trends
Rutherford County, North Carolina's median home values have surged from $106,600 in 2015 to $158,200 in 2022, showing an attractive yet affordable market compared to broader trends. Notably, fluctuations in residential energy tax credits suggest a rising interest in energy-efficient home upgrades. Despite climbing real estate taxes post-2017, reflecting increased property valuations or tax policy... Read more
Rutherford County Market Trends
Rutherford County, North Carolina's median home values have surged from $106,600 in 2015 to $158,200 in 2022, offering an attractive yet affordable market compared to broader state and national trends. Fluctuations in residential energy tax credits, peaking dramatically between 2017 and 2018, suggest a rising interest in energy-efficient home upgrades. Meanwhile, real estate taxes have shown a... Read more
Median Value of Occupied Housing Units in Rutherford County, North Carolina Over the Last 8 Years
Rutherford County, North Carolina has seen a noticeable increase in median home values over the past eight years, climbing from $106,600 in 2015 to $158,200 in 2022. This growth, though impressive, remains lower compared to the state-wide median in North Carolina, which surged from $154,900 to $234,900 during the same period. Nationally, the trend also showed significant appreciation, with U.S. median home values rising from $125,500 in 2015 to $179,400 in 2022. For those looking to invest or move to Rutherford County, this market presents an opportunity to capitalize on a growing yet more affordable housing market compared to broader state and national levels.
Residential Energy Tax Credit Per Tax Return in Rutherford County, NC Over the Last 9 Years
Rutherford County, North Carolina has seen fluctuating trends in residential energy tax credits per tax return over a span of nine years. There's a notable spike between 2017 and 2018, with an astonishing rise from approximately $750.00 to $2500.00, likely indicating increased adoption or incentive programs for energy-efficient improvements. Although the credit values dip slightly afterwards, they stabilize at just over $1000.00 by 2021. These trends could suggest a growing awareness and investment in energy-efficient home upgrades, which might appeal to investors, real estate agents, and current residents aiming to enhance property values.
Average Real Estate Taxes Per Tax Return in Rutherford County, NC Over the Last 10 Years
Over the last decade, Rutherford County in North Carolina has seen a notable upward trend in average real estate taxes per tax return, starting from $1,869.89 in 2012 and reaching $3,352.08 by 2021. The most significant jumps occurred from 2017 onwards, particularly with the marked increase between 2017 ($2,213.50) and 2018 ($3,027.50). This consistent rise could be indicative of various factors including increased property valuations, shifts in tax rates, or broader economic changes, making it a crucial consideration for investors, real estate professionals, and potential residents alike.
Percentage of Farm Returns in Rutherford County, NC Over the Last 10 Years
In Rutherford County, North Carolina, the percentage of farm tax returns has trended downwards over the past decade, starting from around 2.17% in 2012 and dipping to about 1.68% in 2021. This decline might hint at either a shift away from farm-based income or changing economic landscapes. Such trends could be crucial for those eyeing investments in agriculture, real estate developers focusing on rural properties, or individuals planning to move to areas with agricultural activities.
Number of Mortgages by Occupancy Type in Rutherford County, NC Over the Last 5 Years in Rutherford County
Rutherford County, North Carolina has shown varied trends in mortgage counts by occupancy type over the past five years. Principal residences consistently dominate mortgage applications, with a noticeable spike in 2021 reaching 3,826, suggesting a strong demand for primary homes. Second residences also saw fluctuations, peaking in 2020 and 2021. Investment property mortgages have remained relatively stable, slight increases in the later years. Shifts in occupancy types could hint at broader economic or demographic changes. For investors, this could signify evolving market priorities, while for prospective homeowners or insurance agents, understanding these trends helps in risk assessment and opportunity spotting.
Economic Outlook
In Rutherford County, North Carolina, the average taxable income per tax return has increased steadily from $40,555.10 in 2013 to $55,535.30 in 2021. There was a notable leap between 2020 and 2021, pointing to potential economic resilience. The county has also seen considerable fluctuations in average state and local income taxes, with a marked increase since 2018, peaking at $9,140.43 in 2021. Moreover, the average total tax liability per tax return rose significantly over the past decade,... Read more
Average Taxable Income per Tax Return in Rutherford County, NC over the last 9 years
In Rutherford County, North Carolina, the average taxable income per tax return has shown a consistent upward trend over the past nine years, climbing from $40,555.10 in 2013 to $55,535.30 in 2021. This steady increase may suggest a gradually improving economic environment, which might be attractive for investors and those considering relocating to the area. Notably, there was a significant leap between 2020 and 2021, indicating potential economic resilience even during uncertain times, an encouraging sign for appraisers, insurance agents, and real estate professionals alike.
Average State and Local Income Taxes Per Tax Return in Rutherford County, NC Over the Last 10 Years
Over the past decade, Rutherford County, North Carolina has experienced fluctuations in average state and local income taxes per tax return, with a notable increase in the latter half of the period. From 2012 to 2017, the values hovered between approximately $5,182.75 and $5,461.47, showing some variability but remaining relatively stable. However, starting in 2018, there was a significant jump to $8,661.26, followed by continued high averages, peaking in 2021 at roughly $9,140.43. This data may suggest changing economic conditions or tax policies impacting residents, making it a crucial consideration for potential investors, real estate agents, and those contemplating moving to Rutherford County.
Average Total Tax Liability Per Tax Return in Rutherford County, NC Over the Last 10 Years
Over the last decade, Rutherford County, North Carolina has seen a notable increase in the average total tax liability per tax return. Starting at approximately $5,221.29 in 2012, the tax liability rose steadily, with a significant spike observed in 2021 reaching around $7,728.20. This trend could suggest an increase in incomes or changes in tax policies impacting residents. This information might prove essential for potential investors, real estate agents, and those considering moving to Rutherford County, as it reflects the area's economic climate and financial expectations for residents.
Cost of Living in Rutherford County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $975 | $1,323 | $2,023 | $1,300 | $1,177 |
| 1 adult 4 children | $975 | $1,080 | $1,549 | $1,300 | $1,262 |
| 2 adults 3 children | $975 | $1,081 | $1,754 | $1,300 | $946 |
| 1 adult 3 children | $975 | $882 | $1,280 | $1,300 | $981 |
| 2 adults 2 children | $771 | $885 | $1,485 | $1,120 | $814 |
| 1 adult 2 children | $771 | $661 | $1,011 | $1,120 | $739 |
| 2 adults 1 child | $771 | $699 | $1,217 | $534 | $720 |
| 1 adult 1 child | $771 | $452 | $743 | $534 | $592 |
| 2 adults | $646 | $562 | $948 | $0 | $606 |
| 1 adult | $643 | $306 | $474 | $0 | $540 |
Safety trends & Data
Property crime in Rutherford County, North Carolina, has experienced diverse trends over the past five years. Larceny-theft incidents have remained consistently high, peaking at 330.00 in 2018. However, significant decreases were observed in burglary, plummeting from 101.00 in 2019 to 48.00 in 2022. Vandalism also showcased fluctuations, with a steep decline from 145.00 in 2018 to 22.00 in 2020, and a slight rise to 25.00 in 2022. This varied trend highlights a shifting risk landscape for... Read more
Property Crime Trends in Rutherford County, NC Over the Last 5 Years
Property crime in Rutherford County, North Carolina has seen variable trends over the past five years. While incidents of larceny-theft have generally remained high, peaking at 330.0 in 2018, significant decreases were noted in categories like burglary, which dropped from 101.0 in 2019 to 48.0 in 2022. Vandalism also fluctuated, with a sharp decline from 145.0 in 2018 to 22.0 in 2020, then mildly rebounding to 25.0 in 2022. This diverse trend points towards a shifting risk landscape for both property investors and residents, necessitating a detailed assessment of specific crime metrics before making informed decisions.
Demographics
Rutherford County, North Carolina, shows a slight female predominance within its adult population, potentially influencing social and health services. The educational landscape reveals a high school graduation rate with a significant proportion having some level of college education, though relatively fewer attain bachelor’s or higher degrees. Age distribution leans towards a mature demographic, with notable clusters in the 45-64 age range, suggesting a need for age-specific resources. A... Read more
Race Distribution in Rutherford County, North Carolina (2022)
Educational Attainment in Rutherford County, North Carolina (2022)
Age Distribution in Rutherford County, North Carolina
Citizen Population in Rutherford County, North Carolina (2022)
Political Trends & Data
Rutherford County, North Carolina, showcased a significant Republican tilt in the 2020 U.S. Presidential Election, capturing an estimated 72% of the vote. This implies a strong conservative base, potentially shaping local policies and political priorities. Democrats garnered roughly 27%, while third-party candidates received under 1%, indicating limited variation in political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Rutherford County, North Carolina, appears to have leaned heavily Republican in the 2020 U.S. Presidential Election, with an estimated 72% of the vote. Democrats may not have seen as much support, capturing around 27%. Third-party candidates, including Libertarians and Greens, received a very small percentage of the vote, each under 1%. This voting pattern could suggest a strong conservative base, possibly impacting local policies and political priorities.
72.30% of voters voted for the Republican party in the 2020 Presidential Election
26.53% of voters voted for the Democrat party in the 2020 Presidential Election
0.63% 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
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Rutherford County, North Carolina has experienced a notable decline in the student-to-teacher ratio, now standing at 14 students per teacher in 2023, just below the national average. This trend could suggest improving classroom environments with more individualized attention, which might appeal to families relocating to the area. Real estate agents could leverage this as a selling point, while appraisers might interpret it as a signal of potentially higher property values. Builders and... Read more
Student-to-teacher ratio in Rutherford County, North Carolina over the last 10 years
Over the past decade, Rutherford County, North Carolina has seen a general decline in the student-to-teacher ratio, reaching a more favorable 14 students per teacher in 2023, just below the current national average of 14. This trend could suggest improving classroom environments with more individualized attention for students, a factor that might appeal to families considering moving to the area. For real estate agents, this could be a selling point, while appraisers might see it as an indicator of potentially higher property values. Additionally, builders and developers could view this trend as a signal for increased demand for family housing. For insurance agents, a shrinking student-to-teacher ratio might imply a more stable and desirable community.
