Scotland County Real Estate and Livability Trends
Scotland County, North Carolina has experienced a notable rise in average taxable income from $37,840.22 in 2013 to $48,766.06 in 2021, suggesting potential economic growth. Median home values have also increased from $79,100 in 2015 to $99,900 in 2022, making the area affordable compared to the state's $234,900 average and attracting investors. Although average real estate taxes surged from... Read more
Scotland County Market Trends
In Scotland County, North Carolina, median home values rose from $79,100 in 2015 to $99,900 in 2022, still well below the state's $234,900 average. This affordability might entice investors and new residents. Residential energy tax credits have fluctuated, peaking at $1,371.43 in 2018, signaling potential impacts on property values and insurance. Average real estate taxes surged from $2,078.45 in... Read more
Median Value of Occupied Housing Units in Scotland County, North Carolina Over the Last 8 Years
Over the last eight years, median home values in Scotland County, North Carolina have shown a steady rise, moving from $79,100 in 2015 to $99,900 in 2022. Despite this growth, values in Scotland County remain significantly lower than both the state average of $234,900 and the national median of $179,400 in 2022. This gap might present opportunities for investors seeking more affordable options with potential for appreciation or for individuals looking to relocate to a less expensive market.
Residential Energy Tax Credit Per Tax Return in Scotland County, NC Over the Last 9 Years
In Scotland County, North Carolina, the average residential energy tax credit per tax return has shown notable fluctuations over the past nine years. While it generally hovered between $390.91 and $464.52 from 2013 to 2016, there was a significant increase in subsequent years, peaking at $1,371.43 in 2018. Even though it slightly dipped to around $874.19 by 2021, values remained substantially higher than the earlier part of the decade. This volatility can offer critical clues for investors and appraisers about the area’s evolving energy-saving initiatives and incentives, which might impact property values and insurance considerations.
Average Real Estate Taxes Per Tax Return in Scotland County, NC Over the Last 10 Years
Over the last decade, Scotland County, North Carolina has seen a notable upward trend in average real estate taxes per tax return, starting around $2078.45 in 2012 and peaking at $3230.91 in 2020. This fairly consistent increase could be indicative of rising property values or changes in tax rates, with a sharp rise around 2018 potentially reflecting significant shifts in the local real estate market. Investors, appraisers, insurance agents, and those looking to build or buy in the area may find these figures suggest a growing financial commitment, highlighting the importance of factoring in taxes as a considerable component of overall property expenses in this county.
Percentage of Farm Returns in Scotland County, NC Over the Last 10 Years
Farm tax returns in Scotland County, North Carolina have hovered around 1% over the past decade, reflecting slight fluctuations but no drastic changes. In 2016, returns peaked at roughly 0.97%, whereas the lowest point was seen in 2021 at approximately 0.78%. These returns give a glimpse into the small-scale nature of farming in the area, suggesting modest agricultural activity. For those looking to invest, build, or relocate here, this could mean lower competition and potential opportunities in burgeoning yet stable agricultural ventures.
Number of Mortgages by Occupancy Type in Scotland County, NC Over the Last 5 Years in Scotland County
Scotland County, North Carolina, has seen a fluctuating yet generally increasing trend in the number of mortgages for principal residences over the last five years, peaking at 1357 in 2021. Investment properties have remained relatively stable, with minor variations each year, indicating a consistent interest in rental or income-generating properties. The market for second residences, though small, has shown slight increases and dips, reflecting perhaps the limited but persistent demand for vacation or occasional-use properties. Such trends in occupancy type are crucial for investors and real estate agents as they signal where demand is strongest, potentially influencing property values. They also impact appraisers' evaluations, insurance agents' risk assessments, and developers' decisions on what types of housing to prioritize. For current and prospective residents, understanding these trends can provide insights into neighborhood stability and future growth potential.
Economic Outlook
Scotland County, North Carolina has seen a steady rise in average taxable income, growing from $37,840.22 in 2013 to $48,766.06 in 2021, which could hint at economic growth and better job markets. However, rising average state and local income taxes, which jumped from $4,694.48 in 2012 to $11,111.67 in 2021, might dampen enthusiasm for some potential investors and residents. Additionally, the variability in total tax liabilities, peaking at $7,341.48 in 2020 before settling at $6,880.00 in... Read more
Average Taxable Income per Tax Return in Scotland County, NC over the last 9 years
Scotland County, North Carolina has seen a steady increase in average taxable income per tax return over the past nine years, rising from $37,840.22 in 2013 to $48,766.06 in 2021. This upward trend is a potential sign of economic growth and improving job markets, which could be appealing to investors, real estate agents, and those considering relocating to the area. Higher average incomes might indicate a more robust local economy, which could affect property values, insurance rates, and overall livability in the county.
Average State and Local Income Taxes Per Tax Return in Scotland County, NC Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Scotland County, North Carolina have shown a significant upward trend. Starting around $4694.48 in 2012, there's a notable increase each year culminating at an exceptionally high $11111.67 in 2021. This could suggest rising income levels or changes in tax policies, making it important for potential investors, appraisers, and real estate agents to consider how these escalating costs might impact property values and the overall economic landscape.
Average Total Tax Liability Per Tax Return in Scotland County, NC Over the Last 10 Years
Over the past decade, Scotland County, North Carolina has experienced fluctuating average total tax liabilities per tax return, initially rising from $5,312.04 in 2012 to $5,810.80 in 2015, dipping in 2016, and peaking at $7,341.48 in 2020 before settling at $6,880.00 in 2021. This variability may reflect changes in local economic conditions, employment rates, or policy adjustments, presenting a mix of stability and growth opportunities for investors, real estate professionals, and residents considering financial commitments in the area.
Cost of Living in Scotland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $978 | $1,327 | $2,084 | $1,215 | $1,143 |
| 1 adult 4 children | $978 | $1,084 | $1,596 | $1,215 | $1,217 |
| 2 adults 3 children | $978 | $1,084 | $1,807 | $1,215 | $916 |
| 1 adult 3 children | $978 | $885 | $1,319 | $1,215 | $927 |
| 2 adults 2 children | $771 | $887 | $1,530 | $1,076 | $796 |
| 1 adult 2 children | $771 | $663 | $1,042 | $1,076 | $709 |
| 2 adults 1 child | $771 | $701 | $1,253 | $625 | $736 |
| 1 adult 1 child | $771 | $453 | $765 | $625 | $605 |
| 2 adults | $586 | $563 | $976 | $0 | $575 |
| 1 adult | $582 | $307 | $488 | $0 | $506 |
Safety trends & Data
Scotland County, North Carolina has seen a decline in property crimes over the last five years, with burglary incidents dropping from 91.00 in 2018 to 64.00 in 2022 and larceny-theft cases falling from 208.00 in 2018 to 72.00 in 2022. However, inconsistent trends in fraud and vandalism might pose concerns for investors and potential long-term residents. This data can be valuable for real estate agents, appraisers, and insurance agents in assessing risks and property values in the... Read more
Property Crime Trends in Scotland County, NC Over the Last 5 Years
Scotland County, North Carolina has seen a general decline in property crimes such as burglary and larceny-theft over the last five years. Notably, burglary incidents have decreased from 91.00 in 2018 to 64.00 in 2022, and larceny-theft cases dropped significantly from 208.00 in 2018 to 72.00 in 2022. However, some categories like fraud and vandalism show inconsistent trends, indicating potential areas of concern for those considering investments or long-term relocation to the county. Real estate agents, appraisers, and insurance agents can leverage this data to better assess risk and property value in the area.
Demographics
Scotland County, North Carolina, shows a fairly balanced gender distribution, with males slightly outnumbering females. Educational attainment varies, but a notable percentage of the population has only reached high school or attended some college without a degree. The age distribution is diverse, yet there's a higher concentration in the working-age groups of 25 to 64 years. Racial demographics reveal a close split between White and Black or African American populations, with a significant... Read more
Race Distribution in Scotland County, North Carolina (2022)
Educational Attainment in Scotland County, North Carolina (2022)
Age Distribution in Scotland County, North Carolina
Citizen Population in Scotland County, North Carolina (2022)
Political Trends & Data
In Scotland County, North Carolina, the 2020 U.S. Presidential Election revealed a nearly balanced political landscape. Republicans had a slight edge with just over 50% of the vote, while Democrats were close behind at around 48.6%. Support for minor parties like Libertarians, Greens, and others was marginal, collectively securing less than 1%. This competitiveness suggests broader state or national trends might be at play, making political dynamics here worth... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Scotland County, North Carolina, voter preferences were quite divided in the 2020 U.S. Presidential Election. Republicans appeared to hold a slight edge with just over 50% of the vote, while Democrats closely trailed at around 48.6%. Minor parties like the Libertarians and Greens, along with Other parties, garnered minimal support, each securing well below 1% of the total votes. These results hint at a competitive political landscape, potentially reflecting broader state or national trends.
50.58% of voters voted for the Republican party in the 2020 Presidential Election
48.64% of voters voted for the Democrat party in the 2020 Presidential Election
0.37% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Scotland County, North Carolina has seen its student-to-teacher ratio fluctuate over the last decade, hitting a peak of 15 students per teacher in 2016 and dropping to 13 in 2021. Currently close to 15 again, this variability could hint at shifting educational dynamics and resource allocation, impacting decisions for investors, prospective residents, and educational planners. Lower ratios may signal more personalized attention for students, potentially making the local education system more... Read more
Student-to-teacher ratio in Scotland County, North Carolina over the last 10 years
Scotland County, North Carolina has seen its student-to-teacher ratio fluctuate over the last decade, peaking at 15 students per teacher in 2016 and dropping to as low as 13 students per teacher in 2021. Currently, the ratio stands at nearly 15 students again, aligning closely with the national average of 14. This variability might suggest changing educational dynamics and resource allocation within the county, which could affect both short-term and long-term strategic decisions for investors, prospective residents, and educational planners. Lower ratios could indicate more personalized attention for students, potentially enhancing the local education system's appeal. However, higher ratios nearing the national average might imply a balanced yet cost-effective staffing model.
