Stanly County Real Estate and Livability Trends
Stanly County, North Carolina has seen a steady increase in average taxable income per tax return from $44,838.96 in 2013 to $64,056.11 in 2021, hinting at economic growth and higher living standards. Median home values also rose significantly from $128,200 in 2015 to $190,700 in 2022, outpacing national trends, while real estate taxes surged from $2,010.02 in 2012 to $3,348.00 in 2021. The... Read more
Stanly County Market Trends
Stanly County, North Carolina has experienced a compelling rise in median home values from $128,200 in 2015 to $190,700 in 2022, outpacing national trends. Interestingly, the state overall saw even higher growth in home values, reaching $234,900 in 2022. The residential energy tax credits per return in the county peaked at $2,180 in 2018 but show renewed interest at $1,028 in 2021, suggesting a... Read more
Median Value of Occupied Housing Units in Stanly County, North Carolina Over the Last 8 Years
Over the past 8 years, median home values in Stanly County, North Carolina, have seen a consistent rise from $128,200 in 2015 to $190,700 in 2022. This growth outpaces the national trend, where median values moved from $125,500 to $179,400 over the same period. However, North Carolina as a whole has shown an even more significant increase, jumping from $154,900 in 2015 to $234,900 in 2022. Investors and homebuyers eyeing Stanly County could find these trends promising, highlighting potential for appreciation, especially when compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Stanly County, NC Over the Last 9 Years
In Stanly County, North Carolina, residential energy tax credits have seen significant fluctuations over the last nine years. While the average credit per tax return was around $414.28 in 2013, it saw a notable peak in 2018 at $2,180.00. This may indicate varying levels of investment in energy-efficient home improvements or shifts in available incentives. Interestingly, 2021 showed a renewed interest with an average credit value of $1,028.00, hinting that homeowners might be increasingly prioritizing energy efficiency measures. This trend could be promising for investors, appraisers, real estate agents, or anyone interested in energy-efficient housing in the area.
Average Real Estate Taxes Per Tax Return in Stanly County, NC Over the Last 10 Years
Stanly County, North Carolina has experienced a noticeable rise in average real estate taxes per tax return over the past decade. Starting at around $2,010.02 in 2012, taxes have seen a steady upward trend, peaking at approximately $3,513.18 in 2020 before slightly dropping to $3,348.00 in 2021. This could suggest an increase in property values and/or tax rates, making it an important consideration for investors, prospective homeowners, appraisers, and real estate agents. Understanding these trends may also be crucial for insurance agents and builders planning projects in the area.
Percentage of Farm Returns in Stanly County, NC Over the Last 10 Years
The percentage of farm tax returns in Stanly County, North Carolina has shown a slow but noticeable decline over the past decade, starting at roughly 2.21% in 2012 and tapering to about 1.90% by 2021. This slight reduction highlights potential shifts in the local agricultural landscape, which might be due to various factors like urban development, changing economic conditions, or evolving industry trends. For those interested in investing or building property, understanding these trends could inform decisions about land use, agricultural investments, and economic opportunities in the area.
Number of Mortgages by Occupancy Type in Stanly County, NC Over the Last 5 Years in Stanly County
In Stanly County, North Carolina, the number of mortgages largely skews towards principal residences, with a notable uptick in 2021 at 4597. Investment properties and second residences are significantly lower in volume, showing modest increases or fluctuations over the years. These changes in occupancy type matter because a high number of principal residence mortgages often indicates strong local residency and stability, which can positively influence neighborhood development and market reliability. For investors and real estate agents, understanding the more stable demand for principal residences versus the variability in investment and second homes can inform better strategic decisions. Additionally, appraisers and insurance agents may find this data useful for evaluating property values and setting premiums, respectively, as occupancy types can impact everything from risk assessments to market trends.
Economic Outlook
Stanly County, North Carolina has seen a steady increase in average taxable income per tax return from $44,838.96 in 2013 to $64,056.11 in 2021, illustrating potential economic growth and rising living standards. With average state and local income taxes per return jumping to $10,226.98 by 2021 and total tax liability per return reaching $9,161.03, this upward trend may indicate increasing property values and could impact affordability and investment strategies. Real estate agents and investors... Read more
Average Taxable Income per Tax Return in Stanly County, NC over the last 9 years
Over the last nine years, Stanly County, North Carolina has seen a steady and significant increase in average taxable income per tax return, growing from $44,838.96 in 2013 to $64,056.11 in 2021. This upward trend suggests economic growth and potentially rising standards of living, which might appeal to investors, real estate agents, and those considering moving to the area. However, this could also imply that property values and associated costs, such as insurance and taxes, may continue to escalate, impacting affordability and investment strategies.
Average State and Local Income Taxes Per Tax Return in Stanly County, NC Over the Last 10 Years
Over the last decade, Stanly County, North Carolina has experienced a notable increase in average state and local income taxes per tax return, especially with a sharp rise starting around 2018. This uptick, climbing to $10,226.98 by 2021, may indicate growing economic activity or adjustments in tax policies. For real estate agents and investors, this trend could suggest a changing financial landscape, potentially affecting property values and investment profitability. For those looking to move or build in the area, keeping an eye on these tax trends is crucial for financial planning and forecasting.
Average Total Tax Liability Per Tax Return in Stanly County, NC Over the Last 10 Years
Over the last decade, Stanly County, North Carolina has seen a generally upward trend in average total tax liability per tax return, starting at $6,073.52 in 2012 and reaching $9,161.03 in 2021. This significant increase could be indicative of rising incomes, property values, or changes in tax policies. This trend might influence decisions for potential investors, appraisers, insurance agents, and real estate professionals considering the economic landscape of Stanly County.
Cost of Living in Stanly County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,097 | $1,367 | $1,772 | $1,325 | $1,202 |
| 1 adult 4 children | $1,097 | $1,117 | $1,355 | $1,325 | $1,313 |
| 2 adults 3 children | $1,097 | $1,117 | $1,538 | $1,325 | $978 |
| 1 adult 3 children | $1,097 | $912 | $1,121 | $1,325 | $1,041 |
| 2 adults 2 children | $815 | $914 | $1,303 | $1,170 | $824 |
| 1 adult 2 children | $815 | $683 | $886 | $1,170 | $770 |
| 2 adults 1 child | $815 | $723 | $1,069 | $666 | $759 |
| 1 adult 1 child | $815 | $467 | $652 | $666 | $644 |
| 2 adults | $674 | $581 | $834 | $0 | $610 |
| 1 adult | $560 | $317 | $417 | $0 | $517 |
Safety trends & Data
Stanly County, North Carolina has seen fluctuating property crime trends over the last five years. Larceny-theft, the most common crime, dropped significantly from 420 cases in 2020 to 243 in 2022, possibly due to better security or economic changes. While fraud cases peaked at 76 in 2018, they fell to 21 by 2022. Burglary also saw a decline from 71 in 2018 to 42 in 2022, which could affect insurance risk assessments and real estate investments. However, forgery and counterfeiting rose to 15 in... Read more
Property Crime Trends in Stanly County, NC Over the Last 5 Years
Stanly County, North Carolina has shown fluctuating trends in property crimes over the last five years, with notable peaks and troughs. Larceny-theft consistently dominates the statistics but saw a significant drop from 420 cases in 2020 to 243 in 2022, potentially signaling improved security measures or economic factors at play. Fraud cases were at their highest in 2018 (76 cases) but have since decreased, reaching 21 by 2022. The substantial variance in burglary cases, peaking at 71 in 2018 and falling to 42 in 2022, could be of interest to insurance agents assessing risk and real estate investors evaluating neighborhood safety. Similarly, the rise in forgery and counterfeiting to 15 cases in 2022 from a low point over prior years could impact businesses and financial institutions in their planning and fraud prevention strategies. Observing trends in specific crime categories like these can offer valuable insights for those looking to invest in or move to the area.
Demographics
Stanly County, North Carolina shows a roughly even gender distribution among its adult population. Educational attainment appears diverse, with a significant portion holding high school diplomas or some college education, while fewer have achieved bachelor's or graduate degrees. Age distribution indicates a balanced spread across various age groups, albeit slightly higher numbers in the 45 to 64 year range. Racial demographics are predominantly White, with Black or African American residents... Read more
Race Distribution in Stanly County, North Carolina (2022)
Educational Attainment in Stanly County, North Carolina (2022)
Age Distribution in Stanly County, North Carolina
Citizen Population in Stanly County, North Carolina (2022)
Political Trends & Data
Stanly County, North Carolina displayed a notable Republican preference in the 2020 U.S. Presidential Election, capturing roughly 75% of the vote. The Democratic party lagged significantly with nearly 24%, while minor parties like the Libertarian and Green collectively obtained around 0.75%. This dominant Republican leaning could potentially shape local and state political dynamics, influencing policy decisions and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Stanly County, North Carolina saw a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, with roughly 75% of the vote. The Democratic party trailed substantially at nearly 24%, while minor parties like the Libertarian and Green garnered around 0.66% and 0.09% respectively. Other parties collectively made up just under 0.3% of the vote. This suggests a strong Republican preference in this region, potentially influencing local and state politics.
75.01% of voters voted for the Republican party in the 2020 Presidential Election
23.95% of voters voted for the Democrat party in the 2020 Presidential Election
0.66% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% of voters voted for the Green party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Stanly County, North Carolina, the student-to-teacher ratio has generally been higher than the national average, climbing from around 15 students per teacher to over 16 by 2023. For families, this may indicate larger class sizes and less individual attention for students. Investors and real estate agents might find this trend insightful for understanding long-term property values and community growth. Appraisers and developers could see this as a signal of shifting educational quality and... Read more
Student-to-teacher ratio in Stanly County, North Carolina over the last 10 years
The student-to-teacher ratio in Stanly County, North Carolina over the past decade has generally been higher than the national average, starting at around 15 students per teacher and climbing to over 16 by 2023. This could be a crucial factor for families considering moving to the area, as higher ratios often imply larger class sizes and potentially less individual attention for students. For investors and real estate agents, understanding these trends may offer insights into long-term property value and community development, while insurance agents might factor this demographic data into their risk assessments. Appraisers and property developers could also find the increasing ratios pertinent, as shifts in educational quality and school capacity often correlate with broader urban and suburban developmental trends.
