Swain County Real Estate and Livability Trends
Swain County, North Carolina has experienced a notable rise in median home values from $126,700 in 2015 to $178,900 by 2022, potentially hinting at lucrative investment opportunities. Real estate taxes nearly doubled from $1,220.55 in 2012 to $2,500.00 in 2021, likely reflecting overall property value growth, which could impact future returns. Mortgage originations for principal residences peaked... Read more
Swain County Market Trends
Swain County, North Carolina has witnessed a notable rise in median home values from $126,700 in 2015 to $178,900 by 2022, outpacing the national trend and possibly hinting at lucrative investment opportunities. Average residential energy tax credits saw a peak at $2,500.00 in 2018, suggesting a local focus on energy-efficient improvements, which could appeal to investors and developers. Real... Read more
Median Value of Occupied Housing Units in Swain County, North Carolina Over the Last 8 Years
Over the past 8 years, Swain County, North Carolina has seen a significant increase in median home values, starting at $126,700 in 2015 and reaching $178,900 by 2022. This trend trailed the state level, where North Carolina's median home values surged from $154,900 to $234,900 over the same period. While Swain County's growth might not match the state's pace, it's noteworthy how it outperformed the national trend, which saw a more modest climb from $125,500 to $179,400. These market dynamics suggest that Swain County may present a compelling opportunity for real estate investors or prospective homeowners looking for appreciating property values without the intense competition found in other parts of the state.
Residential Energy Tax Credit Per Tax Return in Swain County, NC Over the Last 9 Years
Swain County, North Carolina has seen a notable increase in average residential energy tax credits over the last nine years, peaking at $2,500.00 in 2018. This trend suggests a growing investment in energy-efficient home improvements, which could be appealing for potential investors, property developers, and insurance agents interested in the area. The fluctuating amounts, particularly the significant increases from 2017 to 2019, might indicate strategic incentives that residents are leveraging, potentially impacting home values and insurance premiums.
Average Real Estate Taxes Per Tax Return in Swain County, NC Over the Last 10 Years
Swain County, North Carolina has experienced a notable rise in average real estate taxes per tax return over the last decade, starting from $1,220.55 in 2012 to $2,500.00 in 2021. This trend demonstrates a significant increase that may reflect broader property value growth and corresponding tax assessments in the area. These changes are essential for potential investors, real estate agents, appraisers, and insurance agents to consider, as they could impact property valuations, investment returns, and cost of living calculations.
Percentage of Farm Returns in Swain County, NC Over the Last 10 Years
Over the past decade, Swain County, North Carolina has seen its percentage of farm tax returns fluctuating. Starting at 0.88% in 2012, the figures reached a peak at about 1.13% in 2017, then dropped back to approximately 0.85% in 2021. This indicates a variable but ultimately low engagement in farm tax filings, which can suggest limited agricultural activity or possibly a changing economic focus in the county. For prospective investors or potential new residents, this data could imply that Swain County's economic strength might lie outside of traditional farming, so it may be worth exploring other local economic drivers.
Number of Mortgages by Occupancy Type in Swain County, NC Over the Last 5 Years in Swain County
Swain County, North Carolina, has seen noticeable fluctuations in mortgage originations by occupancy type over the past five years. The most significant movement appears to be in mortgages for principal residences, which peaked in 2021 at 643 and saw a downtrend to 467 in 2022. Investment properties and second residences exhibit more variability but generally follow the principal residence trend, with a high point in 2021 for both categories and a subsequent decrease in 2022. These shifts in mortgage trends may provide insights into changing borrower priorities and market influences, potentially aiding investors, real estate agents, and appraisers in making more informed decisions. For builders and insurance agents, understanding these trends could reveal evolving demand patterns, influencing risk assessments and development planning.
Economic Outlook
Over the past decade, Swain County, North Carolina has experienced a steady increase in average taxable income per tax return, rising from approximately $37,556.03 in 2013 to around $51,876.19 in 2021. Meanwhile, average state and local income taxes per tax return have surged from roughly $4,394.20 in 2012 to $10,366.67 by 2021, with a noteworthy jump between 2019 and 2021. Additionally, average total tax liability per tax return has shown a general upward trend, peaking at around $6,183.43 in... Read more
Average Taxable Income per Tax Return in Swain County, NC over the last 9 years
Over the past nine years, Swain County, North Carolina has seen a notable increase in average taxable income per tax return, growing from approximately $37,556.03 in 2013 to around $51,876.19 in 2021. The income trend generally slopes upward with a few minor dips, such as in 2018. This sustained growth suggests potential economic improvement, which might be appealing for investors, real estate agents, and others interested in the region's financial health.
Average State and Local Income Taxes Per Tax Return in Swain County, NC Over the Last 10 Years
Over the last decade in Swain County, North Carolina, there has been a noticeable increase in average state and local income taxes per tax return. Starting at approximately $4,394.20 in 2012, the taxes have surged to a substantial $10,366.67 by 2021. This rise reflects broader economic trends and possibly shifts in local fiscal policies that could affect decisions for potential investors, property developers, and real estate professionals. Notably, the significant jump between 2019 and 2021, aligning with the aftermath of the COVID-19 pandemic, suggests heightened financial pressures or changes in tax structures during that period.
Average Total Tax Liability Per Tax Return in Swain County, NC Over the Last 10 Years
Average total tax liability per tax return in Swain County, North Carolina has shown a generally upward trend over the last decade, starting at approximately $4,593.70 in 2012 and peaking at around $6,183.43 in 2021. Notably, there are fluctuations, such as a decline in 2018 to about $4,684.88, which can indicate varying economic conditions or policy changes influencing tax responsibilities. This upward trend might suggest increasing incomes or changing tax regulations, elements crucial for potential investors, movers, appraisers, and real estate agents aiming to understand the economic environment.
Cost of Living in Swain County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,082 | $1,375 | $2,023 | $1,428 | $1,309 |
| 1 adult 4 children | $1,082 | $1,123 | $1,549 | $1,428 | $1,411 |
| 2 adults 3 children | $1,082 | $1,124 | $1,754 | $1,428 | $1,067 |
| 1 adult 3 children | $1,082 | $917 | $1,280 | $1,428 | $1,123 |
| 2 adults 2 children | $771 | $920 | $1,485 | $1,244 | $865 |
| 1 adult 2 children | $771 | $687 | $1,011 | $1,244 | $802 |
| 2 adults 1 child | $771 | $727 | $1,217 | $645 | $763 |
| 1 adult 1 child | $771 | $470 | $743 | $645 | $633 |
| 2 adults | $621 | $584 | $948 | $0 | $608 |
| 1 adult | $617 | $319 | $474 | $0 | $539 |
Safety trends & Data
Property crime in Swain County, North Carolina has seen some interesting fluctuations, especially in areas like larceny-theft, which spiked at 40.00 arrests in 2021 then dropped to 29.00 in 2022. Notably, fraud arrests surged to 11.00 in 2021, only to fall back to 1.00 in 2022. The steady rise in vandalism by the end of the period could indicate changing crime trends, potentially affecting property values, insurance premiums, and investment choices in the... Read more
Property Crime Trends in Swain County, NC Over the Last 5 Years
Property crime in Swain County, North Carolina has shown significant fluctuations over the past five years, particularly in categories like larceny-theft, which peaked at 40.0 arrests in 2021 before dropping to 29.0 in 2022. Instances of burglary also varied, ranging from 9.0 to 15.0 arrests annually. Notably, fraud saw a spike in 2021 with 11.0 arrests compared to just 1.0 in 2022. Although motor vehicle theft remained relatively stable, vandalism arrests increased steadily towards the end of the analyzed period. These patterns could indicate shifting crime dynamics that may impact property values, insurance premiums, and investment decisions in the county.
Demographics
Swain County, North Carolina exhibits a balanced gender distribution with slightly more females than males in the adult population. Educational attainment data suggests a significant portion of the population are high school graduates or have attended some college, though a smaller but noteworthy segment holds advanced degrees. In terms of age, the county displays an aging trend with notable populations in age brackets over 45 years, hinting at potential needs for senior services and... Read more
Race Distribution in Swain County, North Carolina (2022)
Educational Attainment in Swain County, North Carolina (2022)
Age Distribution in Swain County, North Carolina
Citizen Population in Swain County, North Carolina (2022)
Political Trends & Data
Swain County, North Carolina, demonstrated a significant Republican preference in the 2020 Presidential Election, with roughly 59% of voters favoring the GOP candidate. Approximately 39% of votes went to the Democratic candidate, indicating a notable conservative leaning. Minor parties like the Libertarian and Green parties had minimal influence, together accounting for less than 2% of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Swain County, North Carolina, exhibited a notable leaning towards Republican preference in the 2020 Presidential Election, with approximately 59% of votes cast for the GOP candidate. This trend might suggest a stronger conservative presence within this area compared to Democratic representation, which garnered close to 39%. Minority parties such as the Libertarian and Green parties collectively received less than 2% of the vote, hinting at their relatively minimal impact in this county's electoral outcomes.
58.87% of voters voted for the Republican party in the 2020 Presidential Election
39.33% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
0.51% of voters voted for the Other party in the 2020 Presidential Election
School Data
Swain County, North Carolina has seen its student-to-teacher ratio climb dramatically over the past decade, hitting a high of 34 in 2022, compared to the national average of 14. This spike from the relatively stable 16 seen between 2014 and 2017 could indicate upcoming challenges in education quality and resource distribution. Such trends might influence family relocation decisions, investor confidence, property appraisal, and insurance assessments, while also suggesting a potential need for... Read more
Student-to-teacher ratio in Swain County, North Carolina over the last 10 years
Over the past decade, Swain County, North Carolina has experienced a significant increase in its student-to-teacher ratio, peaking at 34 in 2022, well above the national average of 14 students per teacher. Initially hovering around 16 from 2014 to 2017, the ratio sharply escalated after 2018, reaching 32 in 2021 and maintaining high levels. This trend may signal challenges for educational quality and resource allocation, impacting decisions for families considering relocation, investors evaluating community viability, appraisers assessing property values, and insurance agents determining risk factors. Real estate agents and developers might see this as an indicator of potential demand for more educational infrastructure.
