Surry County Real Estate and Livability Trends
Surry County, North Carolina, has experienced a significant increase in median home values, rising from $115,500 in 2015 to $153,700 in 2022, making it an appealing yet still affordable market. The notable peaks in residential energy tax credits, particularly $3,750.00 in 2018, may reflect a growing interest in sustainable home improvements. Real estate taxes have also increased, from $1,815.50... Read more
Surry County Market Trends
Surry County, North Carolina, has seen an upward trajectory in median home values, rising from $115,500 in 2015 to $153,700 in 2022, indicating potential growth within a relatively affordable market compared to state and national medians. The residential energy tax credit per tax return showcased significant peaks, most notably at $3,750.00 in 2018, possibly driven by increased interest in... Read more
Median Value of Occupied Housing Units in Surry County, North Carolina Over the Last 8 Years
Surry County, North Carolina has experienced a steady rise in median home values over the past eight years, jumping from $115,500 in 2015 to $153,700 in 2022. This county's housing market appears to be catching up, albeit still trailing compared to state and national values. In North Carolina, the median home value soared to $234,900 in 2022, while the national median hit $179,400. For prospective buyers or investors, this relatively affordable region could offer growth potential within the state’s dynamic real estate landscape.
Residential Energy Tax Credit Per Tax Return in Surry County, NC Over the Last 9 Years
Over the last nine years, Surry County, North Carolina has generally seen significant fluctuations in the average residential energy tax credit per tax return, with a noticeable peak in 2018 at $3,750.00. These variations might reflect a growing interest in sustainable home improvements or changes in state or federal incentives. For those considering investing in energy-efficient upgrades, building properties, or engaging in real estate within the county, understanding these trends could be valuable for making informed decisions about potential cost savings and future marketability. These trends could also be relevant to insurance agents and appraisers in evaluating the impact of energy-efficient installations on property values.
Average Real Estate Taxes Per Tax Return in Surry County, NC Over the Last 10 Years
Over the last decade, Surry County, North Carolina has seen a notable upward trend in average real estate taxes per tax return. Starting in 2012 at $1,815.50, there was a steady increase, peaking at $3,310.00 in 2020. This suggests a rising financial burden on property owners, which could impact decisions for prospective homeowners and investors in the area. Notably, the significant jumps between 2018 and 2020 might indicate shifts in local economic policies or property valuations. For real estate agents and insurance professionals, this data implies the necessity to consider evolving tax rates when advising clients or assessing property value risks.
Percentage of Farm Returns in Surry County, NC Over the Last 10 Years
Over the last decade, Surry County, North Carolina has seen a gradual decline in the percentage of farm tax returns filed, dropping from 3.81% in 2012 to 2.93% in 2021. Farm tax returns, which are filed by owners of agricultural businesses to report income, expenses, and profits from farming activities, provide crucial insights into the vitality and economic health of the local agricultural sector. For potential investors, builders, and residents, this trend might suggest a shift away from traditional farming, possibly opening opportunities for diversified development and new industry investments in the region.
Number of Mortgages by Occupancy Type in Surry County, NC Over the Last 5 Years in Surry County
Principal residence mortgages have consistently dominated the market in Surry County, North Carolina over the past five years, with numbers peaking in 2021 at 3,527 before a slight dip in 2022. Investment property loans have shown minimal fluctuation, staying roughly around 60-99 per year, while second residences have remained the least common, hitting a high of just 75 in 2021. These trends are crucial for investors and developers, as stable or rising principal residence mortgages often reflect strong local demand and a potentially vibrant housing market. In contrast, the steady but limited investment property activities may suggest opportunities for diversification but also hint at cautious investor sentiment. Appraisers and insurance agents can draw insights about property valuation dynamics and risk profiles based on occupancy types and their shifts.
Economic Outlook
Surry County, North Carolina, has seen a notable increase in average taxable income per tax return from $42,607.10 in 2013 to $60,376.18 in 2021, suggesting a potentially growing economic base that could be of interest to investors and real estate professionals. The dramatic rise in average state and local income taxes from $5,848.78 in 2012 to $16,557.89 in 2021 further indicates significant economic or policy changes that might affect the cost of living and financial planning. The average... Read more
Average Taxable Income per Tax Return in Surry County, NC over the last 9 years
Over the past nine years, Surry County, North Carolina has experienced a notable increase in average taxable income per tax return, jumping from $42,607.10 in 2013 to $60,376.18 in 2021. This upward trend suggests a potentially growing and diversifying economic base, which could be attractive for investors, real estate agents, and those considering moving to or doing business in the area. Understanding this trajectory is critical for appraisers and insurance agents as it may reflect an increase in property values and insurable interests.
Average State and Local Income Taxes Per Tax Return in Surry County, NC Over the Last 10 Years
Over the last decade, Surry County, North Carolina has seen a dramatic rise in average state and local income taxes per tax return. Starting at $5,848.78 in 2012, there's a notable jump to $16,557.89 by 2021. This sharp increase might be of particular interest to potential investors, real estate agents, and those considering relocating, as it indicates rising tax obligations that could impact overall cost of living and financial planning. Surging tax averages likely reflect economic or policy changes, and could have significant implications for long-term financial decisions.
Average Total Tax Liability Per Tax Return in Surry County, NC Over the Last 10 Years
The average total tax liability per tax return in Surry County, North Carolina has generally increased over the last decade, transitioning from $6,230.76 in 2012 to $8,867.76 in 2021, with notable peaks and dips around 2017 and 2018. This upward trend might suggest rising incomes or property values, impacting decisions for potential investors, new residents, appraisers, insurance agents, and real estate professionals. Keeping an eye on these figures could help in understanding economic health and forecasting future financial planning.
Cost of Living in Surry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $981 | $1,343 | $1,588 | $1,182 | $995 |
| 1 adult 4 children | $981 | $1,097 | $1,213 | $1,182 | $1,091 |
| 2 adults 3 children | $981 | $1,097 | $1,379 | $1,182 | $818 |
| 1 adult 3 children | $981 | $896 | $1,003 | $1,182 | $827 |
| 2 adults 2 children | $771 | $898 | $1,169 | $1,025 | $709 |
| 1 adult 2 children | $771 | $671 | $794 | $1,025 | $638 |
| 2 adults 1 child | $771 | $710 | $960 | $512 | $653 |
| 1 adult 1 child | $771 | $459 | $585 | $512 | $551 |
| 2 adults | $618 | $570 | $750 | $0 | $552 |
| 1 adult | $614 | $311 | $375 | $0 | $512 |
Safety trends & Data
In Surry County, North Carolina, property crime trends have shown notable fluctuation over the past five years. Burglary incidents dropped from 46 cases in 2018 to 22 in 2019 but climbed back to 32 by 2022. Larceny-theft followed a similar pattern, decreasing and then surging to 128 cases in 2022. Motor vehicle theft and vandalism displayed moderate variability, while arson incidents remained low, with just one case in 2021. These trends could provide valuable insights for potential investors,... Read more
Property Crime Trends in Surry County, NC Over the Last 5 Years
Surry County, North Carolina has experienced fluctuating property crime rates over the past five years. Notably, burglary incidents decreased significantly from 46 cases in 2018 to 22 in 2019 but have since risen to 32 in 2022. Larceny-theft also saw a sharp decline in 2019, followed by a substantial increase in subsequent years, reaching 128 cases in 2022. Motor vehicle theft and vandalism rates have shown moderate variability, while arson remains rare, with only one case reported in 2021 after three in 2018. These trends can offer valuable insights to potential investors, real estate agents, and insurance professionals when considering the area's safety and economic vitality.
Demographics
Surry County, North Carolina reveals intriguing demographic trends. With a slightly higher female population, the figures suggest a fairly balanced gender distribution. The education level skews toward high school graduates and those with some college experience, hinting at a community focused on completing at least secondary education. Age-wise, there's a noticeable concentration in the brackets of 45 to 64 years, suggesting a predominantly middle-aged population. Racially, the county is... Read more
Race Distribution in Surry County, North Carolina (2022)
Educational Attainment in Surry County, North Carolina (2022)
Age Distribution in Surry County, North Carolina
Citizen Population in Surry County, North Carolina (2022)
Political Trends & Data
Surry County, North Carolina, showed a strong Republican preference in the 2020 U.S. Presidential Election, with nearly 75% of the votes. This heavy leaning contrasts sharply with the 24% votes for the Democrat candidate, hinting at the county's conservative orientation. Minimal support for third parties underscores the predominantly two-party system among voters... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Surry County, North Carolina, the 2020 U.S. Presidential Election saw a strong leaning towards the Republican party, capturing nearly 75% of the votes. By contrast, the Democrat candidate received around 24%, which may suggest a significant political divide or conservative inclination in the region. The combined support for third parties, including Libertarian and Green, remained minimal, indicating a predominantly two-party preference amongst voters in this county.
75.16% of voters voted for the Republican party in the 2020 Presidential Election
23.80% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% 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
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Surry County, North Carolina, has seen a gradual decline in the student-to-teacher ratio over the last decade, dropping from around sixteen in 2016 to just below fifteen in 2023. This trend suggests improving education resources, potentially attracting families to the area. It provides useful insights for appraisers and real estate agents in assessing property values and indicates a positive sign of educational quality for prospective movers. Insurance agents might anticipate lower risks, and... Read more
Student-to-teacher ratio in Surry County, North Carolina over the last 10 years
Over the last decade, Surry County, North Carolina, has seen a gradual decline in the student-to-teacher ratio, dropping from around sixteen in 2016 to just below fifteen in 2023. This puts the current ratio slightly above the national average of fourteen students per teacher. For potential investors, this trend may hint at improving education resources which could, in turn, attract families to the area. Appraisers and real estate agents might find this data useful in assessing property values, while those looking to move might see this as a positive sign of educational quality. Similarly, insurance agents might anticipate lower risks associated with improved community services, and builders could note potential demand for family-friendly housing.
