Tyrrell County Real Estate and Livability Trends
Tyrrell County, North Carolina has seen notable real estate market dynamics. Median home values jumped from $99,400 in 2021 to $140,500 in 2022, suggesting rapid appreciation potential that might attract investors and homebuyers seeking affordable options. Real estate taxes peaked at $2,260.00 in 2019, reflecting an evolving fiscal landscape. Demand for principal residences surged from 2020 to... Read more
Tyrrell County Market Trends
Tyrrell County, North Carolina, has seen some intriguing dynamics in its real estate market. Median home values have displayed volatility, with a noteworthy increase from $99,400 in 2021 to $140,500 in 2022, despite being lower than state and national averages. This spike suggests potential for rapid appreciation, attracting investors and homebuyers seeking affordable entry points. The... Read more
Median Value of Occupied Housing Units in Tyrrell County, North Carolina Over the Last 8 Years
Tyrrell County, North Carolina has experienced some volatility in median home values over the past eight years, peaking most recently at $140,500 in 2022. While this is lower than both the state median of $234,900 and the national median of $179,400 for the same year, the county saw a significant jump from $99,400 in 2021, indicating potential for rapid appreciation. This could appeal to investors and homebuyers looking for more affordable entry points with the possibility of value growth. The lower relative costs might also attract those interested in building new properties in the area.
Average Real Estate Taxes Per Tax Return in Tyrrell County, NC Over the Last 10 Years
Over the past decade, Tyrrell County, North Carolina has seen variability in average real estate taxes per tax return. Although the average tax started at $1781.48 in 2012 and peaked at $2260.00 in 2019, there were notable fluctuations with a significant dip to $1895.24 in 2017 and another drop to $1900.00 in 2020. Those evaluating investment potential or property development here may find this inconsistency important when considering the fiscal landscape. Real estate agents and appraisers might see these shifts influencing market dynamics.
Percentage of Farm Returns in Tyrrell County, NC Over the Last 10 Years
Over the past decade, Tyrrell County, North Carolina has experienced modest fluctuations in the percentage of farm tax returns, peaking at 3.01% in 2014 and dipping to a low of 2.15% in 2020. Farm tax returns, which are filed by agricultural business owners to report income derived from farming activities, can offer insights into the economic health and agricultural activity within a region. For potential investors or property buyers, these trends might hint at underlying shifts in the local economy or changes in farming viability, influencing decisions on property investment or relocation.
Number of Mortgages by Occupancy Type in Tyrrell County, NC Over the Last 5 Years in Tyrrell County
Over the last five years, Tyrrell County, North Carolina, has seen varying trends in mortgage counts across different occupancy types. Principal residences dominate the mortgage market, showing a marked increase, especially between 2020 and 2022. Second residences have experienced a gradual rise, peaking in 2021, while investment properties have seen a decline. These trends could be significant for investors and real estate agents as they indicate a stronger demand for primary homes, which might impact property values, insurance premiums, and development plans. Changing occupancy types also matter for appraisers as they affect property assessments and future market dynamics.
Economic Outlook
Tyrrell County, North Carolina has experienced a consistent rise in average taxable income per tax return over the last nine years, from about $32,797.55 in 2013 to approximately $42,732.12 in 2021. This upward trend suggests potential economic growth, making it appealing for investors and real estate developers. However, average state and local income taxes have seen significant fluctuations, with a peak in 2014 at $5,252.38 and a low in 2019 at $3,740.00, hinting at possible economic shifts... Read more
Average Taxable Income per Tax Return in Tyrrell County, NC over the last 9 years
Over the last 9 years, Tyrrell County, North Carolina has seen a gradual increase in average taxable income per tax return, rising from approximately $32,797.55 in 2013 to around $42,732.12 in 2021. This trend suggests a potential economic upswing in the region, which might be particularly attractive for investors, real estate developers, and insurance agents seeking growth opportunities. The steady increase may also indicate improved local employment opportunities or higher wages, factors that could entice new residents and bolster the housing market.
Average State and Local Income Taxes Per Tax Return in Tyrrell County, NC Over the Last 10 Years
Average state and local income taxes per tax return in Tyrrell County, North Carolina over the past 10 years have fluctuated significantly. After starting at $4,400.00 in 2012, the amount dropped slightly to $4,300.00 in 2013 before spiking to $5,252.38 in 2014. However, it has since seen a general downward and then fluctuating trend, hitting a low of $3,740.00 in 2019 and rising again to $4,466.67 in 2021. This variability might indicate economic shifts and tax policy changes, critical for investors, real estate agents, and anyone planning to move to or conduct financial appraisals in the area.
Average Total Tax Liability Per Tax Return in Tyrrell County, NC Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Tyrrell County, North Carolina has showcased some variability, with a peak around 2012 at approximately $5,591.75 and a low in 2019 near $4,229.13. Notably, there's been a general downward trend until a slight recovery in recent years, making this a crucial consideration for potential investors and real estate agents assessing the financial climate. Understanding these fluctuations could also inform appraisers and insurance agents about the economic health and fiscal responsibility of residents, impacting overall risk assessments and property valuations in the area.
Cost of Living in Tyrrell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,157 | $1,399 | $2,466 | $1,153 | $1,447 |
| 1 adult 4 children | $1,157 | $1,143 | $1,891 | $1,153 | $1,523 |
| 2 adults 3 children | $1,157 | $1,143 | $2,137 | $1,153 | $1,172 |
| 1 adult 3 children | $1,157 | $933 | $1,562 | $1,153 | $1,199 |
| 2 adults 2 children | $844 | $936 | $1,808 | $1,002 | $933 |
| 1 adult 2 children | $844 | $699 | $1,233 | $1,002 | $853 |
| 2 adults 1 child | $844 | $740 | $1,479 | $512 | $839 |
| 1 adult 1 child | $844 | $478 | $904 | $512 | $678 |
| 2 adults | $747 | $594 | $1,150 | $0 | $714 |
| 1 adult | $695 | $324 | $575 | $0 | $595 |
Safety trends & Data
Tyrrell County, North Carolina's property crime rates have shown notable trends over the past five years. Burglary incidents have mostly declined from 3.0 in 2018 to 1.0 in 2021. Similarly, fraud dropped sharply from 6.0 in 2018 to 1.0 by 2021. Larceny-theft has remained relatively stable with slight increases towards 2022, and vandalism showed peaks in 2019 and 2022. These patterns could indicate a growing stability in some crime categories, though the fluctuations suggest ongoing vigilance... Read more
Property Crime Trends in Tyrrell County, NC Over the Last 5 Years
Tyrrell County, North Carolina has experienced fluctuating property crime rates over the past five years. Notably, burglary incidents have mostly declined, showing a decrease from 3.0 in 2018 to 1.0 in 2021. Conversely, fraud saw a sharp drop from 6.0 in 2018 to 1.0 by 2021. Larceny-theft has remained relatively consistent, with slight increases towards 2022. Instances of vandalism have varied, with peaks in 2019 and 2022. For those investing or living in the area, the stabilization in certain crime categories could signal emerging stability, while fluctuations in others suggest ongoing vigilance might be necessary.
Demographics
Tyrrell County, North Carolina, showcases a somewhat imbalanced gender distribution with males slightly outnumbering females. The educational attainment indicates a substantial portion of the adult population holds a high school diploma or less, potentially impacting economic opportunities. The age distribution highlights a relatively diverse spread, though there are fewer young adults and higher numbers in the middle-aged and older demographics. Racial diversity is modest, with the majority of... Read more
Race Distribution in Tyrrell County, North Carolina (2022)
Educational Attainment in Tyrrell County, North Carolina (2022)
Age Distribution in Tyrrell County, North Carolina
Citizen Population in Tyrrell County, North Carolina (2022)
Political Trends & Data
Tyrrell County, North Carolina, displayed a clear conservative lean in the 2020 U.S. Presidential Election, with Republican candidates receiving about 57.5% of the vote compared to around 41.7% for Democrats. This indicates a strong, though not unchallenged, partisan divide. The minor parties, like Libertarian and Green, captured only a negligible portion of the vote, perhaps suggesting limited local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tyrrell County, North Carolina, the 2020 U.S. Presidential Election results showed a notable preference towards Republican candidates, who garnered approximately 57.5% of the vote. Democrats trailed with around 41.7%, suggesting a strong but not overwhelming partisan divide. Minor parties, such as Libertarian and Green, captured a very small fraction of the overall vote, underscoring a potential lack of traction for these parties in the county. This data may hint at a predominantly conservative leaning among voters, though the significant Democratic presence indicates some level of electoral competition.
57.46% of voters voted for the Republican party in the 2020 Presidential Election
41.72% of voters voted for the Democrat party in the 2020 Presidential Election
0.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% 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
Tyrrell County, North Carolina's student-to-teacher ratio has fluctuated between 10 and 15 students per teacher over the past ten years, dipping significantly to around 11 in 2021 and 2022. Compared to the national average of 14, this could hint at a higher quality of education and more individualized attention for students. This may be a key selling point for families prioritizing educational opportunities, drawing the interest of real estate agents and appraisers. The trend also signals... Read more
Student-to-teacher ratio in Tyrrell County, North Carolina over the last 10 years
The student-to-teacher ratio in Tyrrell County, North Carolina has experienced fluctuations over the past decade, generally ranging between 10 and 15 students per teacher. Notably, the ratio dipped significantly to approximately 11 in 2021 and 2022, suggesting potential improvements in student attention and educational quality, when compared to the national average of 14 students per teacher. For investors and those considering a move to Tyrrell County, this lower ratio might indicate a more favorable learning environment. Real estate agents and appraisers could view this as a point of interest for families prioritizing education. Insurance agents and builders should also note these trends, as they indirectly reflect the county's commitment to infrastructure and community wellbeing.
