Warren County Real Estate and Livability Trends
Warren County, North Carolina, is showing promising real estate trends with median home values jumping from $89,500 in 2020 to $121,300 in 2022, although still below the state's median of $234,900. Rising taxable incomes and taxes hint at a robust local economy potentially driving up property values. The number of investment properties is up from 19 in 2018 to 44 in 2022, pointing to strong... Read more
Warren County Market Trends
Warren County, North Carolina has seen a noteworthy rise in median home values from $89,500 in 2020 to $121,300 in 2022, hinting at enhanced investment potential despite remaining below the state median of $234,900. The average residential energy tax credit surged to $1,711.36 by 2021, indicating significant homeowner interest in energy-efficient improvements. Real estate taxes also climbed, with... Read more
Median Value of Occupied Housing Units in Warren County, North Carolina Over the Last 8 Years
Warren County, North Carolina saw a significant jump in median home values from $89,500 in 2020 to $121,300 in 2022, reflecting increased interest and investment potential. Although historically lower than state and national medians, with North Carolina at $234,900 and the U.S. at $179,400 in 2022, this recent rise in Warren County could indicate evolving market dynamics making it an intriguing option for buyers. This trend highlights the possible emergence of Warren County as a desirable location with room for growth, making it worth watching for those considering real estate investments or relocation.
Residential Energy Tax Credit Per Tax Return in Warren County, NC Over the Last 9 Years
Over the past nine years, Warren County, North Carolina has seen a notable upward trend in the average residential energy tax credit per tax return, starting at around $513.64 in 2013 and reaching approximately $1711.36 by 2021. This steady rise suggests increased homeowner investment in energy-efficient improvements, possibly driven by greater awareness and financial incentives for such upgrades. This trend could be significant for investors, real estate agents, and property developers looking to capitalize on the growing demand for energy-efficient homes. Additionally, insurance agents and appraisers may want to consider the impact of energy-efficient enhancements on property valuations and insurance premiums in this region, reflecting changing market behaviors and priorities.
Average Real Estate Taxes Per Tax Return in Warren County, NC Over the Last 10 Years
Warren County, North Carolina has seen a notable upward trend in average real estate taxes per tax return over the past decade. Starting at approximately $2,267.07 in 2012, the average taxes have gradually risen to around $3,708.57 by 2021. Particularly between 2017 and 2019, there was a sharp increase, with the average jumping from about $2,787.32 to $3,581.25. This trend is indicative of either rising property values or increasing tax rates, making it a potentially attractive area for investment but also a consideration for potential homeowners concerned about long-term tax expenses. The noticeable spike from 2017 onward might suggest changing economic conditions or policy adjustments worth scrutinizing for real estate professionals and appraisers.
Percentage of Farm Returns in Warren County, NC Over the Last 10 Years
In Warren County, North Carolina, the percentage of farm tax returns has seen a fluctuating downward trend over the last decade, starting at 2.91% in 2012 and dropping to 1.93% in 2021. Farm tax returns generally represent the proportion of tax filings from individuals or entities engaged in agricultural business. This decline may hint at either a reduction in active farming operations or possible changes in how local agriculture is structured or reported. Investors and those looking to live or build in the area might want to explore what's driving these changes, as they could impact the local economy and land use significantly.
Number of Mortgages by Occupancy Type in Warren County, NC Over the Last 5 Years in Warren County
Interest in investment properties in Warren County, North Carolina has shown a gradual increase over the past five years, rising from 19 in 2018 to 44 in 2022. This could indicate a growing recognition of the area's potential for rental income or future resale value. On the other hand, the number of mortgages for principal residences peaked in 2021 at 835 before dropping to 725 in 2022, which may reflect market stabilization or shifts in population movement trends. Mortgages for second residences initially increased significantly, suggesting a booming interest in vacation or seasonal homes, but saw a decrease in 2022. These shifts in occupancy types are crucial for investors, developers, and real estate professionals as they signal broader real estate market health, potential insurance risk profiles, and varying community resource needs.
Economic Outlook
Warren County, North Carolina has experienced steady growth in average taxable income and state and local income taxes over the past decade, with average taxable income rising from $36,137.81 in 2013 to $53,016.60 in 2021. The upward trend in state and local income taxes, from around $3,736.02 in 2012 to $6,742.11 in 2021, suggests a robust local economy that could lead to higher property values. The consistent increase in total tax liability, rising from nearly $4,646.94 in 2012 to... Read more
Average Taxable Income per Tax Return in Warren County, NC over the last 9 years
Over the past nine years, Warren County, North Carolina has seen a steady increase in average taxable income per tax return, rising from $36,137.81 in 2013 to $53,016.60 in 2021. This trend might suggest a growing economic base or increased earnings among residents, which could be appealing for potential investors, real estate agents, and those looking to build property in the area. For insurance agents and appraisers, the continuous income growth could indicate a stable economic environment with potential for higher property values.
Average State and Local Income Taxes Per Tax Return in Warren County, NC Over the Last 10 Years
Warren County, North Carolina has seen a notable upward trend in state and local income taxes per tax return over the last decade. Starting from around $3,736.02 in 2012, there's a clear rise, peaking at $6,742.11 in 2021. This gradual increase is likely to affect prospective homebuyers, investors, and insurers by suggesting an overall growth in income and potentially higher property values in the county. Real estate professionals and appraisers might find this data useful in assessing the economic climate and predicting future market conditions. The steady tax increase could correlate with infrastructural developments, better public services, or a thriving local economy, which collectively paint a promising picture for those looking to invest or build in the area.
Average Total Tax Liability Per Tax Return in Warren County, NC Over the Last 10 Years
Warren County, North Carolina has seen a steady increase in the average total tax liability per tax return over the past decade, reflecting a rise from approximately $4,646.94 in 2012 to around $7,247.58 in 2021. This trend may indicate economic growth and potential appreciation in property values, making it an area worth watching for investors, real estate agents, and those intending to move to the region. Though the rising tax liabilities could imply higher costs for current residents, it also suggests strengthening local economies, which could benefit appraisers, builders, and insurance agents.
Cost of Living in Warren County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $987 | $1,335 | $2,083 | $1,092 | $1,162 |
| 1 adult 4 children | $987 | $1,090 | $1,595 | $1,092 | $1,239 |
| 2 adults 3 children | $987 | $1,091 | $1,806 | $1,092 | $928 |
| 1 adult 3 children | $987 | $890 | $1,318 | $1,092 | $943 |
| 2 adults 2 children | $771 | $893 | $1,529 | $945 | $798 |
| 1 adult 2 children | $771 | $667 | $1,041 | $945 | $710 |
| 2 adults 1 child | $771 | $706 | $1,252 | $466 | $728 |
| 1 adult 1 child | $771 | $456 | $765 | $466 | $594 |
| 2 adults | $588 | $567 | $975 | $0 | $605 |
| 1 adult | $584 | $309 | $488 | $0 | $530 |
Safety trends & Data
Property crime trends in Warren County, North Carolina, have been somewhat volatile over the last five years. Burglaries peaked in 2021 with 16 reported cases but dropped to 9 cases in 2022. Larceny-theft also fluctuated, peaking at 20 cases in 2019 and stabilizing at 11 cases by 2022. Motor vehicle thefts and fraud have shown minor year-over-year changes. These patterns suggest an environment where due diligence and enhanced security measures might be crucial for property... Read more
Property Crime Trends in Warren County, NC Over the Last 5 Years
Over the last five years, Warren County, North Carolina, has seen fluctuating property crime trends. While incidents of burglaries peaked significantly in 2021 with 16 reported cases, they dropped to 9 cases in 2022. Larceny-theft incidents also showed volatility, hitting a high of 20 cases in 2019 and stabilizing to 11 cases by 2022. Notably, motor vehicle thefts and fraud remained relatively steady, with minor fluctuations year over year. For potential investors, homeowners, appraisers, and insurers, these trends suggest an unstable yet critical environment, emphasizing the importance of due diligence and possibly more robust security measures for properties in the area.
Demographics
Warren County, North Carolina, is evenly split between male and female adults. Most adults have only high school education or some college experience without a degree. Younger populations, especially those under 34, appear to be smaller in comparison to older age groups. The racial composition leans heavily towards Black or African American and White communities. This educational attainment and age distribution may hint at future social services or educational focus areas needed in the county.... Read more
Race Distribution in Warren County, North Carolina (2022)
Educational Attainment in Warren County, North Carolina (2022)
Age Distribution in Warren County, North Carolina
Citizen Population in Warren County, North Carolina (2022)
Political Trends & Data
Warren County, North Carolina, might be considered a Democratic stronghold given the 2020 U.S. Presidential Election results, where Democrats secured roughly 62% of the vote. Republicans trailed significantly with about 36%, highlighting a distinct partisan divide. The minimal support for smaller parties like the Libertarians and Greens, barely exceeding 0.5%, suggests limited influence from third parties in local political dynamics. This electoral trend could be indicative of broader political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Warren County, North Carolina, the 2020 U.S. Presidential Election saw Democrats likely securing a significant lead, with around 62% of the vote. Republicans followed with nearly 36%, suggesting a notable partisan divide. Support for smaller parties such as the Libertarians and Greens barely surpassed the 0.5% mark, indicating limited impact. This voting pattern might reflect broader political dynamics in the region, pointing to a predominantly Democratic stronghold with relatively uniform minor party presence.
36.45% of voters voted for the Republican party in the 2020 Presidential Election
62.18% of voters voted for the Democrat party in the 2020 Presidential Election
0.61% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Green party in the 2020 Presidential Election
0.48% of voters voted for the Other party in the 2020 Presidential Election
School Data
Warren County, North Carolina, has seen student-to-teacher ratios oscillate between 13 to 18 students per teacher over the past decade. Despite dipping below the national average in 2018-2019, ratios climbed above 18 by 2023. This volatility could hint at shifts in educational funding, district policies, or population growth, influencing long-term planning for investors, educators, and families. Real estate professionals might find this data valuable for assessing community and school... Read more
Student-to-teacher ratio in Warren County, North Carolina over the last 10 years
Warren County, North Carolina, has seen a notable fluctuation in student-to-teacher ratios over the past decade, with values ranging from roughly 13 to 18 students per teacher. The ratio dropped below the national average of 14 between 2018 and 2019 but surged to over 18 by 2023. For prospective investors, educators, and families, this changing dynamic may indicate shifts in educational funding, district policies, or population growth—each a crucial factor in long-term planning and decision-making. Real estate agents and developers can glean insights into community and school desirability, while insurance agents might consider these trends when assessing risk and issuing policies.
