Union County Real Estate and Livability Trends
Union County, North Carolina has witnessed a remarkable rise in median home values, soaring from $197,400 in 2015 to $336,600 in 2022, surpassing state and national trends. This spike suggests a burgeoning demand for upscale properties, mirrored by increasing average taxable incomes, which climbed from around $70,117.65 in 2013 to $112,594.29 in 2021. At the same time, escalating residential... Read more
Union County Market Trends
Union County, North Carolina has seen a striking rise in median home values, jumping from $197,400 in 2015 to $336,600 in 2022, outpacing both state and national averages. Residential energy tax credits per tax return in the county spiked in 2018 to an average of $2,547.83, possibly indicating a boom in energy-efficient upgrades. Real estate taxes have also steadily increased, from $2,795.65 in... Read more
Median Value of Occupied Housing Units in Union County, North Carolina Over the Last 8 Years
Union County, North Carolina has seen a significant appreciation in median home values over the past eight years, rising from $197,400 in 2015 to $336,600 in 2022. This increase outpaces both the state of North Carolina, which went from $154,900 to $234,900, and the national average, which climbed from $125,500 to $179,400 during the same period. This trend suggests that Union County could be an attractive location for real estate investors and those looking to buy property, as the area may continue to appreciate at a faster rate compared to broader market benchmarks.
Residential Energy Tax Credit Per Tax Return in Union County, NC Over the Last 9 Years
Over the past nine years, Union County, North Carolina has experienced significant fluctuations in average residential energy tax credits per tax return. Notably, there was a sharp increase in 2018, with an average credit of $2,547.83, which might indicate a surge in energy-efficient home improvements or installations. Though the amount dipped subsequently, it still remained higher than in the earlier years, reflecting a broader trend towards investing in energy efficiency. Such variations can impact home appraisal values, insurance considerations, and overall real estate market dynamics, making it a key factor for stakeholders like investors, home builders, and real estate agents to monitor.
Average Real Estate Taxes Per Tax Return in Union County, NC Over the Last 10 Years
Over the past decade in Union County, North Carolina, average real estate taxes per tax return have shown a general upward trend, rising from approximately $2,795.65 in 2012 to about $4,684.80 in 2021. Notably, significant increases occurred around 2014 and again in 2018, suggesting possible reassessments or changes in tax policy. Investors and real estate professionals might find this data relevant as it could influence market demand and property valuations. This trend may also be of interest to potential homeowners and appraisers considering long-term costs and property tax implications.
Percentage of Farm Returns in Union County, NC Over the Last 10 Years
Union County, North Carolina has seen a steady decline in the percentage of farm tax returns over the last decade. Starting at around 1.13% in 2012, the percentage has dipped to approximately 0.79% by 2021. This downward trend might suggest a shift away from agricultural activity or possibly a consolidation of smaller farms. For potential investors or those considering moving to Union County, this could indicate a growing opportunity in other sectors or a need for revitalization in traditional farming. Understanding these shifts is crucial for making informed decisions about property investment, development potential, and economic trends in Union County.
Number of Mortgages by Occupancy Type in Union County, NC Over the Last 5 Years in Union County
Union County, North Carolina has seen variable trends in mortgage counts over the last five years, with "Principal Residence" consistently dominating the market, peaking at 28,177 in 2021 but experiencing a noteworthy drop to 17,493 by 2022. Investment properties and second residences have shown smaller, yet still meaningful shifts; investment properties peaked at 999 in 2021 but fell to 919 in 2022, while second residences remained relatively steady but lower in volume. These changes in occupancy type can illuminate economic shifts, evolving demand patterns, and can impact property values, investment opportunities, and community development. For real estate agents, investors, or anyone considering a move, understanding these trends can provide critical insights into market dynamics and future growth potential in Union County.
Economic Outlook
Union County, North Carolina has seen an ongoing rise in average taxable income per tax return, jumping from around $70,117.65 in 2013 to $112,594.29 by 2021. This upward trend, especially the marked increase between 2020 and 2021, might hint at escalating demand for upscale properties and services in the area. Coupled with an increase in average state and local income taxes per tax return, growing from $7,970.40 in 2012 to $16,146.52 by 2021, investors and real estate agents could find... Read more
Average Taxable Income per Tax Return in Union County, NC over the last 9 years
Union County, North Carolina has seen a notable upward trend in average taxable income per tax return over the past nine years. Starting at approximately $70,117.65 in 2013, it rose to $112,594.29 by 2021. This consistent increase, particularly the sharp rise between 2020 and 2021, suggests a growing affluence in the area. For real estate agents, investors, and builders, this might indicate a surging demand for higher-end properties and services. Appraisers and insurance agents might also expect more high-value transactions, reflecting the county's increasing economic prosperity.
Average State and Local Income Taxes Per Tax Return in Union County, NC Over the Last 10 Years
Union County, North Carolina has seen a noticeable upward trend in average state and local income taxes per tax return over the past decade. From $7,970.40 in 2012, taxes have increased incrementally each year, with significant jumps observed in 2018 and onwards reaching $16,146.52 by 2021. This could signal rising incomes and living costs in the area, trends particularly relevant for investors, real estate agents, and those considering moving to Union County.
Average Total Tax Liability Per Tax Return in Union County, NC Over the Last 10 Years
The average total tax liability per tax return in Union County, North Carolina has seen a significant upward trend over the past decade, increasing from around $12,548.08 in 2012 to about $22,037.89 in 2021. This steady increase, particularly the notable jump in 2021, could suggest growing incomes or property values, making it potentially appealing for investors and real estate agents anticipating further economic growth in the area. However, higher tax liabilities might also reflect increased costs of living or rising property taxes, which could be a point of consideration for those moving to or already residing in the county.
Cost of Living in Union County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,624 | $1,552 | $1,810 | $1,210 | $1,603 |
| 1 adult 4 children | $1,624 | $1,268 | $1,383 | $1,210 | $1,693 |
| 2 adults 3 children | $1,624 | $1,268 | $1,571 | $1,210 | $1,311 |
| 1 adult 3 children | $1,624 | $1,035 | $1,144 | $1,210 | $1,438 |
| 2 adults 2 children | $1,280 | $1,038 | $1,332 | $1,067 | $1,062 |
| 1 adult 2 children | $1,280 | $775 | $905 | $1,067 | $1,081 |
| 2 adults 1 child | $1,280 | $820 | $1,093 | $602 | $991 |
| 1 adult 1 child | $1,280 | $530 | $666 | $602 | $869 |
| 2 adults | $1,133 | $659 | $854 | $0 | $840 |
| 1 adult | $1,108 | $360 | $427 | $0 | $733 |
Safety trends & Data
Union County, North Carolina has shown a potential improvement in property crime rates over the past five years. Larceny-theft cases decreased significantly from 444 in 2018 to 261 in 2022, and burglary rates saw a drop from 131 to 103 during the same period. Even motor vehicle theft incidents fell dramatically from 28 in 2020 to just 9 in 2022. While stolen property possession spiked in 2020, it eventually decreased to 92 cases by 2022. This general decline in property crimes might interest... Read more
Property Crime Trends in Union County, NC Over the Last 5 Years
Union County, North Carolina has experienced fluctuating property crime rates over the past five years. Larceny-theft has been the most prevalent crime but shows a decline from 2018's 444 cases to 261 cases in 2022. Burglary rates also display a downtrend, from 131 cases in 2018 to 103 cases in 2022. Conversely, crimes like stolen property possession saw a spike in 2020 with 123 cases, though it settled to 92 cases by 2022. Motor vehicle theft showed a significant drop from 28 incidents in 2020 to just 9 in 2022. The frequency of fraud and embezzlement generally declined, which could be attributed to improved preventive measures. These dynamics in property crimes hold potential implications for real estate agents, investors, and insurance agents looking to assess risk and value in the area.
Demographics
The gender balance in Union County, North Carolina, appears fairly evenly split, suggesting no significant skew in the adult population. Education-wise, a majority seem to have at least a high school diploma, with a substantial number holding bachelor's and graduate degrees, which could signal a reasonably educated workforce. The age distribution shows a large proportion of residents in the 45 to 54 age range, followed by those in the 35 to 44 range, indicating a solid presence of mid-career... Read more
Race Distribution in Union County, North Carolina (2022)
Educational Attainment in Union County, North Carolina (2022)
Age Distribution in Union County, North Carolina
Citizen Population in Union County, North Carolina (2022)
Political Trends & Data
Union County in North Carolina showed a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with Republicans presumably garnering over 61.00% of the votes. Democrats trailed significantly behind, capturing around 37.00% of the vote share. Minor parties, including the Libertarian and Green parties, collectively received less than 2.00% of the total votes, suggesting that the county's political landscape may be predominantly bipartisan and traditional... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Union County in North Carolina showed a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with Republicans presumably garnering over 61% of the votes. Democrats trailed significantly behind, capturing around 37% of the vote share. Minor parties, including the Libertarian and Green parties, collectively received less than 2% of the total votes, indicating that the county's political landscape may be predominantly bipartisan. This distribution could suggest that voter sentiment in Union County tends to favor traditional party lines.
61.36% of voters voted for the Republican party in the 2020 Presidential Election
37.19% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
Union County in North Carolina has seen a student-to-teacher ratio consistently between 15.9 and 16.5 over the past decade, slightly above the national average of 14. This trend suggests moderate class sizes that may appeal to families who value individual educational attention. For investors and real estate agents, this stability could signal a steady or growing population, impacting property values and demand for resources. Developers and community planners might find this data useful for... Read more
Student-to-teacher ratio in Union County, North Carolina over the last 10 years
Union County in North Carolina consistently shows a student-to-teacher ratio ranging from approximately 15.9 to 16.5 over the past decade. These figures are slightly above the current national average of 14 students per teacher. For potential investors and real estate agents, this trend suggests a moderate class size that could appeal to families prioritizing educational attention without overwhelming class sizes. Appraisers and insurance agents might interpret stability in these ratios as indicative of a steadily growing or maintained population, impacting property values and demand for educational resources. This information is also valuable for developers and those looking to understand the community's educational environment.
