Transylvania County Real Estate and Livability Trends
Transylvania County, North Carolina has shown a compelling rise in average taxable income and state and local income taxes, signaling economic growth that could draw investors and new residents. Median home values have also surged from $192,000 in 2015 to $298,600 in 2022, suggesting a strong real estate market. This, combined with a consistent student-to-teacher ratio below the national average,... Read more
Transylvania County Market Trends
Transylvania County, North Carolina, has seen its median home values jump from $192,000 in 2015 to $298,600 in 2022, outpacing state and national increases. This trend could signal a hot spot for real estate investment. Meanwhile, residential energy tax credits show variability, peaking in 2015 and 2018, suggesting surges in energy-efficient upgrades. Real estate taxes have more than doubled over... Read more
Median Value of Occupied Housing Units in Transylvania County, North Carolina Over the Last 8 Years
Transylvania County, North Carolina has seen a significant spike in median home values over the last eight years, outpacing both state and national trends. From $192,000 in 2015, the median value soared to $298,600 in 2022, reflecting a substantial increase in desirability and demand in the area. By comparison, the median value in North Carolina rose from $154,900 to $234,900, and nationally, from $125,500 to $179,400 during the same period. These dynamics suggest an attractive investment opportunity and heightened interest for potential buyers and developers focusing on this unique location.
Residential Energy Tax Credit Per Tax Return in Transylvania County, NC Over the Last 9 Years
In Transylvania County, North Carolina, the average residential energy tax credit per tax return has shown significant variability over the past nine years, indicating shifting trends in energy-efficient investments. Peak values were seen in 2015 and 2018, reaching $1,150.00 and $2,266.67 respectively, suggesting spurts of substantial energy-saving initiatives during these years. Post-2015, there's a noticeable increase in the average credit amount, implying a potential rise in energy-efficient property enhancements. These fluctuations can be critical for investors, real estate agents, and insurers to gauge the community's engagement with sustainability programs and possibly predict future property values and insurance claims related to these improvements.
Average Real Estate Taxes Per Tax Return in Transylvania County, NC Over the Last 10 Years
Over the past decade, Transylvania County, North Carolina has experienced a notable increase in average real estate taxes per tax return. In 2012, the average was about $2,078.23, but by 2021 it had risen to roughly $4,701.00. Significant jumps in 2018 and 2019 contributed to this upward trend, suggesting rapidly increasing property values or adjustments in tax rates. This could impact potential homebuyers, investors, real estate agents, and appraisers, as it reflects the financial commitment required for property ownership in the area.
Percentage of Farm Returns in Transylvania County, NC Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Transylvania County, North Carolina, has displayed a subtle downward trend. Starting at approximately 1.23% in 2012, it sees fluctuations with occasional minor increases, peaking again around 1.23% in 2016 before tapering off to around 0.91% in 2021. Farm tax returns often reflect economic activity related to agriculture, which could provide insights into land use trends, investment opportunities, or potential for agricultural development within the county. Falling percentages may suggest shifts in economic priorities, reductions in farming activities, or reallocation of land for other uses. Understanding these trends can be crucial for anyone looking to invest, build, or move to the area, as it indicates the changing landscape of local agriculture and potential impacts on property values and local economy.
Number of Mortgages by Occupancy Type in Transylvania County, NC Over the Last 5 Years in Transylvania County
Over the last five years in Transylvania County, North Carolina, mortgages for principal residences have consistently been the highest, peaking in 2021 with 2,304 and dipping to 1,445 in 2022. Investment properties and second residences saw lower and more stable numbers, with investment properties rising to 144 in 2021 and 2022, and second residences fluctuating slightly but generally around the 270-480 range. Variations in occupancy type matter significantly; a higher number of principal residence mortgages could suggest a stable, possibly growing community with long-term residents, which is appealing for investors, real estate agents, and those considering moving to the area. Conversely, a rise in second residences and investment properties might indicate a thriving market for vacation homes or rental properties, which could influence property values, insurance costs, and infrastructure development. These trends offer valuable insights for anyone involved in real estate, whether they are looking to buy, invest, appraise, or insure property in this region.
Economic Outlook
Transylvania County, North Carolina has seen a significant uptick in average taxable income per tax return, rising from roughly $47,454.95 in 2013 to about $78,863.09 in 2021. Alongside this, state and local income taxes have nearly doubled, climbing from around $5,707.82 in 2012 to approximately $10,714.89 in 2021. These changes suggest growing economic prosperity, which could attract investors and new residents. Real estate agents might note higher property values and increased demand, while... Read more
Average Taxable Income per Tax Return in Transylvania County, NC over the last 9 years
Over the past nine years, Transylvania County, North Carolina has seen a notable increase in the average taxable income per tax return, climbing from around $47,454.95 in 2013 to approximately $78,863.09 in 2021. This upward trend, albeit with some fluctuations, suggests a growing economic prosperity in the area, potentially making it a more attractive destination for investors, property developers, and new residents. As income levels rise, appraisers and insurance agents may find higher property values and premiums, while real estate agents might see increased demand and possibly higher transaction prices.
Average State and Local Income Taxes Per Tax Return in Transylvania County, NC Over the Last 10 Years
Transylvania County, North Carolina has experienced noticeable fluctuations in state and local income taxes per tax return over the past decade. Starting at around $5,707.82 in 2012, there's a general upward trend peaking significantly in recent years, with 2021 seeing an average of $10,714.89. Such an increase could be indicative of rising incomes or changes in tax policy, making it potentially interesting for investors, property developers, and anyone considering a move to the area. This trend might affect property values, insurance premiums, and appraisals, reflecting the economic dynamics and viability of the area.
Average Total Tax Liability Per Tax Return in Transylvania County, NC Over the Last 10 Years
Transylvania County, North Carolina has seen a notable upward trend in average total tax liability per tax return over the last decade. Starting at $6,839.70 in 2012, the figure climbed steadily to $12,674.23 by 2021, with particularly sharp increases observed in 2019 and 2021. This may point to rising incomes or changes in tax policy impacting residents. For those considering investment, real estate development, or relocation, understanding these tax dynamics is crucial, as they affect both the cost of living and potential returns on investment.
Cost of Living in Transylvania County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,211 | $1,492 | $2,023 | $1,301 | $1,380 |
| 1 adult 4 children | $1,211 | $1,218 | $1,549 | $1,301 | $1,478 |
| 2 adults 3 children | $1,211 | $1,219 | $1,754 | $1,301 | $1,123 |
| 1 adult 3 children | $1,211 | $995 | $1,280 | $1,301 | $1,176 |
| 2 adults 2 children | $995 | $998 | $1,485 | $1,127 | $938 |
| 1 adult 2 children | $995 | $745 | $1,011 | $1,127 | $890 |
| 2 adults 1 child | $995 | $789 | $1,217 | $564 | $838 |
| 1 adult 1 child | $995 | $509 | $743 | $564 | $697 |
| 2 adults | $756 | $633 | $948 | $0 | $664 |
| 1 adult | $751 | $346 | $474 | $0 | $583 |
Safety trends & Data
Transylvania County, North Carolina has experienced notable changes in property crime rates, particularly with larceny-theft peaking at 121 incidents in 2019 before decreasing substantially to 53 by 2021. Burglary cases dropped from 51 in 2018 to 26 in 2022. While motor vehicle thefts, fraud cases, and vandalism incidents have stayed consistent but lower. This shift might hint at improved security measures affecting property values and insurance rates, which could be crucial for prospective... Read more
Property Crime Trends in Transylvania County, NC Over the Last 5 Years
Transylvania County, North Carolina has seen fluctuating property crime rates over the past five years. While larceny-theft remains a dominant concern, peaking at 121 incidents in 2019, it dipped significantly in 2021 with only 53 reported cases. Burglary incidences also saw a significant drop, from 51 in 2018 to 26 by 2022. Motor vehicle thefts, fraud cases, and instances of vandalism have generally remained lower but consistent. This trend may suggest a shift in criminal activities or improved local security measures and could impact property values and insurance rates for prospective buyers and investors.
Demographics
Transylvania County, North Carolina, shows a gender balance with slightly more females than males. The educational landscape suggests a reasonable distribution, with a significant portion holding high school diplomas and some college experience, while those with bachelor's or advanced degrees also represent a noteworthy segment. Age-wise, there’s a noticeable presence of older adults, particularly those aged 55 and over, which could suggest an aging population. The racial composition... Read more
Race Distribution in Transylvania County, North Carolina (2022)
Educational Attainment in Transylvania County, North Carolina (2022)
Age Distribution in Transylvania County, North Carolina
Citizen Population in Transylvania County, North Carolina (2022)
Political Trends & Data
Transylvania County, North Carolina, leans predominantly Republican with about 57% of the vote in the latest U.S. presidential elections, yet the Democratic party managed to secure around 41%. This notable Democratic presence may suggest potential shifts in voter sentiment or influence under certain conditions. Minor parties like Libertarians and Greens barely registered, with under 1% each, indicating limited support for alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Transylvania County, North Carolina, appears to show a leaning towards the Republican party, with approximately 57% of the vote. The Democratic party garnered around 41%, which is somewhat notable for the region. Minor parties such as the Libertarians and Greens barely scratched the surface with under 1% each. This distribution suggests a county that, while predominantly Republican, has a significant Democratic presence that could be influential under certain conditions.
57.03% of voters voted for the Republican party in the 2020 Presidential Election
41.38% of voters voted for the Democrat party in the 2020 Presidential Election
0.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.46% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Transylvania County, North Carolina, has been consistently below the national average, dropping to just 12 students per teacher in 2023. This trend might attract families prioritizing personalized education, which could influence local real estate markets. Lower student-to-teacher ratios can be an appealing feature, potentially driving demand and affecting property values, making this data crucial for appraisers and real estate... Read more
Student-to-teacher ratio in Transylvania County, North Carolina over the last 10 years
The student-to-teacher ratio in Transylvania County, North Carolina, has generally trended below the national average of 14 students per teacher over the past decade. The ratio fluctuated from about 13 students per teacher in 2014 to a low of 12 in 2023, making it an appealing location for families prioritizing personalized attention in education. This may attract families seeking smaller class sizes, potentially impacting local real estate markets and shaping investment strategies in the area. Appraisers and real estate agents might find this data particularly relevant when assessing property values, as lower student-to-teacher ratios can be a key selling point.
