Stokes County Real Estate and Livability Trends
Stokes County, North Carolina, is showing promising signs for real estate growth. Median home values jumped from $117,400 in 2015 to $168,600 in 2022, suggesting a robust market while still trailing state and national averages. A noticeable spike in residential energy tax credits in 2018 hints at increased investments in energy-efficient upgrades. Property crimes have significantly decreased,... Read more
Stokes County Market Trends
Stokes County, North Carolina is seeing robust market growth, with median home values rising from $117,400 in 2015 to $168,600 in 2022, although they still trail behind state and national figures. Significant fluctuations in residential energy tax credits, particularly a spike in 2018 to $2,366.67, point to growing investments in energy-efficient home upgrades. Real estate taxes have seen a... Read more
Median Value of Occupied Housing Units in Stokes County, North Carolina Over the Last 8 Years
Stokes County, North Carolina has seen a steady increase in median home values over the past eight years, from $117,400 in 2015 to $168,600 in 2022, which could indicate robust market growth. While these numbers show a clear upward trend, they still lag behind state and national figures, with North Carolina reaching $234,900 and the United States hitting $179,400 by 2022. This discrepancy might signal a more affordable entry point for potential homebuyers or investors looking to capitalize on future growth in the county.
Residential Energy Tax Credit Per Tax Return in Stokes County, NC Over the Last 9 Years
The residential energy tax credit trends in Stokes County, North Carolina, show significant variability, with an overall upward trajectory over the past nine years. Notably, there was a dramatic spike in 2018 to $2,366.67 on average per tax return, suggesting a possible surge in energy-efficient home improvements or incentives. Despite some fluctuations, the sustained higher values from 2017 onwards could indicate growing homeowner investment in energy-efficient upgrades, which might appeal to potential investors, real estate agents, and homebuilders aiming to capitalize on sustainable living trends. For insurance agents and appraisers, these figures could imply increased home valuations tied to energy efficiency retrofits.
Average Real Estate Taxes Per Tax Return in Stokes County, NC Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Stokes County, North Carolina, have shown a gradual increase, starting around $1,632.67 in 2012 and reaching approximately $2,843.08 by 2021. Noticeably, there is a significant jump between 2017 and 2018, where the taxes rose from $1,950.00 to $2,487.06. This upward trend suggests a steady rise in property values or tax rates, making it pertinent for potential investors, homeowners, and real estate agents to consider these climbing costs when evaluating property in Stokes County. Additionally, for insurance agents and appraisers, these figures could signal an increase in property appraisals and insurance premiums over the years.
Percentage of Farm Returns in Stokes County, NC Over the Last 10 Years
Over the last decade in Stokes County, North Carolina, the percentage of farm tax returns has seen a gradual decline from 4.26% in 2012 to approximately 3.16% in 2021. Farm tax returns are financial filings that indicate the number of agricultural operations reporting income, which can serve as a measure of agricultural activity and economic health in the area. For those interested in agriculture, real estate, or investment, these numbers might hint that farming, while still present, could be slowly decreasing or stabilizing, potentially affecting land values and economic opportunities connected to agriculture.
Number of Mortgages by Occupancy Type in Stokes County, NC Over the Last 5 Years in Stokes County
Stokes County, North Carolina has seen a significant skew towards principal residence mortgages over the last five years, with numbers peaking at 2,816 in 2021 and showing a noticeable dip to 2,015 in 2022. Investment property and second residence mortgages maintain relatively low but somewhat stable figures by comparison, indicating a primary market focus on family homes. These trends could suggest a steady population growth boosting demand for primary residences, likely due to the area's livability factors. For investors, the consistent albeit lower investment property figures hint at niche opportunities. Real estate agents, appraisers, and builders might find the subdued activity in second homes an area for targeted growth. Insurance agents, on the other hand, should tailor their market strategies towards a predominantly principal residence-focused clientele.
Economic Outlook
In Stokes County, North Carolina, the average taxable income per tax return has steadily climbed over the past nine years, reaching around $60,405.88 in 2021 from approximately $43,940.99 in 2013. This may point to economic growth, making it more appealing for investors and real estate professionals. Meanwhile, average state and local income taxes have also seen a notable increase, particularly from 2018 onward, hitting $9,274.24 by 2021. The average total tax liability reflects a similar... Read more
Average Taxable Income per Tax Return in Stokes County, NC over the last 9 years
Stokes County, North Carolina has seen a steady increase in the average taxable income per tax return over the past nine years, climbing from approximately $43,940.99 in 2013 to around $60,405.88 in 2021. This upward trend could signal economic growth and potentially make it a more attractive area for investors, real estate developers, and those considering relocating for better opportunities. While property values and living costs may also be on the rise, the consistent income growth may reflect an improving local economy.
Average State and Local Income Taxes Per Tax Return in Stokes County, NC Over the Last 10 Years
Over the last decade, there has been a noticeable increase in the average state and local income taxes per tax return in Stokes County, North Carolina, with a significant jump starting in 2018. From a range of approximately $4,766.87 in 2012 to $5,155.96 in 2016, it surged to $7,674.39 in 2018 and reached $9,274.24 by 2021. This trend might be relevant for those considering investing, moving, or building property in the area, indicating an upward trajectory in tax obligations. Those living in or interested in the location should be mindful of these escalating tax figures as they could impact financial planning and real estate decisions.
Average Total Tax Liability Per Tax Return in Stokes County, NC Over the Last 10 Years
Stokes County, North Carolina has exhibited a generally upward trend in average total tax liability per tax return over the past decade, rising from $5,388.70 in 2012 to $7,896.27 in 2021. Notable jumps can be observed in 2015 and 2017, suggesting periods of increased income or changes in tax policy impacting taxpayers in the area. This upward trajectory may indicate growing economic activity, making Stokes County potentially attractive for investors, property developers, and real estate professionals looking for areas with positive financial momentum. However, those moving to the area or involved in home appraisals and insurance assessments should account for the escalating tax burden.
Cost of Living in Stokes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,080 | $1,383 | $1,625 | $1,184 | $1,104 |
| 1 adult 4 children | $1,080 | $1,130 | $1,240 | $1,184 | $1,210 |
| 2 adults 3 children | $1,080 | $1,130 | $1,411 | $1,184 | $898 |
| 1 adult 3 children | $1,080 | $923 | $1,026 | $1,184 | $968 |
| 2 adults 2 children | $818 | $925 | $1,197 | $1,044 | $788 |
| 1 adult 2 children | $818 | $691 | $813 | $1,044 | $706 |
| 2 adults 1 child | $818 | $731 | $983 | $589 | $722 |
| 1 adult 1 child | $818 | $472 | $599 | $589 | $611 |
| 2 adults | $679 | $587 | $770 | $0 | $597 |
| 1 adult | $653 | $320 | $385 | $0 | $536 |
Safety trends & Data
Stokes County, North Carolina, has experienced a significant decline in property crimes over the past five years, enhancing its appeal for investors and potential homeowners. From 2018 to 2022, larceny-theft cases dropped from 285.00 to 44.00, while burglary and vandalism incidents decreased to 0.00 and 1.00 cases, respectively. This trend suggests a lower-risk environment, making it potentially more attractive for real estate investments and lowering insurance... Read more
Property Crime Trends in Stokes County, NC Over the Last 5 Years
Stokes County, North Carolina has seen a noticeable decline in property crimes over the last five years. In 2018, the county experienced higher incidents of larceny-theft totaling 285.00 cases, with burglary at 75.00 and vandalism at 41.00. However, by 2022, larceny-theft had decreased significantly to 44.00 cases and vandalism plummeted to just 1.00 case. This steady decline in property crime rates could make Stokes County a more attractive prospect for investors, potential homeowners, real estate agents, and insurance agents looking for lower-risk areas.
Demographics
Stokes County, North Carolina exhibits a near balance between male and female residents, with females slightly outnumbering males. The educational landscape shows that the majority of adults have at least a high school diploma, yet there's a notable segment without a diploma. Age-wise, there's a significant portion of the population aged between 45 to 64 years, implying a mature workforce and possibly indicating upcoming shifts in community needs as this group ages. The race demographics reveal... Read more
Race Distribution in Stokes County, North Carolina (2022)
Educational Attainment in Stokes County, North Carolina (2022)
Age Distribution in Stokes County, North Carolina
Citizen Population in Stokes County, North Carolina (2022)
Political Trends & Data
Stokes County, North Carolina shows a strong conservative tilt with nearly 78% of the 2020 U.S. Presidential votes favoring the Republican party. Democrats captured around 20%, and third-party candidates barely reached just over 1%. This data is useful for gauging the area's political climate, which could influence local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Stokes County, North Carolina, the 2020 U.S. Presidential Election results indicate a strong leaning towards the Republican party, accounting for close to 78% of the vote. Democrats garnered around 20%, while the Libertarian, Green, and other parties collectively made up just over 1% of the remaining votes. This suggests a predominantly conservative voter base with very limited support for third-party candidates.
78.37% of voters voted for the Republican party in the 2020 Presidential Election
20.57% of voters voted for the Democrat party in the 2020 Presidential Election
0.70% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Stokes County, North Carolina, has mostly stayed around the national average of 14 students per teacher over the last decade, with a slight dip to 13 students per teacher recently. This subtle improvement could be a compelling point for real estate agents and families considering relocation, as it might indicate better educational outcomes. For builders and appraisers, stable or improving ratios could signal a population that upholds education, potentially... Read more
Student-to-teacher ratio in Stokes County, North Carolina over the last 10 years
The student-to-teacher ratio in Stokes County, North Carolina has generally hovered around the national average of 14 students per teacher over the past decade, though there have been slight fluctuations. From 2014 to 2023, the ratio ranged from a low of roughly 14 students in 2019 and 2020 to a more favorable 13 students per teacher in recent years. These changes could be significant for prospective investors, real estate agents, and families looking to move into the area as a lower student-to-teacher ratio often suggests more individualized attention for students, potentially leading to better educational outcomes. For builders and appraisers, consistent or improving ratios might indicate a stable or growing population base that values education, influencing school funding and property values. Similarly, insurance agents might find such trends relevant when considering the demand for insurance services linked to population growth and property investments linked to school quality.
