Wayne County Real Estate and Livability Trends
In Wayne County, North Carolina, rising average taxable incomes from $42,897.93 in 2013 to $55,527.74 in 2021 may indicate a resilient economy and improving employment conditions. Median home values have also climbed from $110,400 in 2015 to $152,300 in 2022, suggesting appreciating real estate, while the number of investment property mortgages more than doubled from 155 in 2018 to 347 in 2021,... Read more
Wayne County Market Trends
In Wayne County, North Carolina, median home values grew from $110,400 in 2015 to $152,300 in 2022, trailing behind state and national medians—this gap might offer investment opportunities due to lower entry points in an appreciating market. Residential energy tax credits per tax return spiked dramatically from $404.95 in 2013 to $1,848.48 in 2018, indicating increased investments in... Read more
Median Value of Occupied Housing Units in Wayne County, North Carolina Over the Last 8 Years
In Wayne County, North Carolina, median home values have surged from $110,400 in 2015 to $152,300 in 2022. While this represents a robust local market growth, Wayne County's home values remain below both the state median, which climbed from $154,900 to $234,900 during the same period, and the national median, which increased from $125,500 to $179,400. This differential may present investment opportunities for those looking to capitalize on lower entry points within a rapidly appreciating market, particularly as Wayne County demonstrates consistent year-over-year growth.
Residential Energy Tax Credit Per Tax Return in Wayne County, NC Over the Last 9 Years
Over the past nine years, Wayne County, North Carolina has seen noticeable fluctuations in residential energy tax credits per tax return. Starting at $404.95 in 2013, the credit steadily increased to significant peaks like $1,848.48 in 2018. The trend indicates potentially growing investments in energy-efficient home improvements. This could signal positive market conditions for those concerned about property values, energy-efficient construction, or sustainable living investments in the area.
Average Real Estate Taxes Per Tax Return in Wayne County, NC Over the Last 10 Years
Average real estate taxes per tax return in Wayne County, North Carolina have shown a general upward trend over the past decade, jumping from $1,977.83 in 2012 to $3,080.34 in 2021. Notably, there were significant increases in 2018 and 2019, peaking the annual averages close to $3,200. This trend may suggest a range of factors at play including property value appreciation and potential changes in local tax policies, all of which are crucial for investors, real estate agents, appraisers, and those considering moving to or currently residing in the area.
Percentage of Farm Returns in Wayne County, NC Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Wayne County, North Carolina has generally trended downward, dropping from about 1.13% in 2012 to approximately 0.79% by 2021. These figures may imply a shrinking agricultural sector or changes in reporting practices within the county. For potential investors, builders, or new residents, this could signal shifts in local economic focus possibly impacting land values and community resources. Farm tax returns typically mark the income generated from farming activities, and their decrease could mean less revenue from agriculture, suggesting more reliance on other industries.
Number of Mortgages by Occupancy Type in Wayne County, NC Over the Last 5 Years in Wayne County
Investment property mortgages in Wayne County, North Carolina have shown a gradual increase from 155 in 2018 to 347 in 2021, highlighting a growing interest in income-producing real estate. Meanwhile, principal residence mortgages peaked in 2021 at 6496, with noticeable dips following that year, possibly reflecting changing housing market conditions or buyer priorities. Second residences remained consistently low throughout, not exceeding 93 annually. Shifts in occupancy type can signal evolving market dynamics and priorities among buyers, essential info for investors, realtors, and professionals assessing market value and risks.
Economic Outlook
In Wayne County, North Carolina, average taxable income per tax return has generally risen from $42,897.93 in 2013 to $55,527.74 in 2021, hinting at possible economic resilience and improving employment conditions. Concurrently, average state and local income taxes surged from $5,698.77 in 2012 to $10,937.43 in 2021, pointing to higher incomes or tax policy shifts. Meanwhile, total tax liability per tax return showed fluctuations, peaking at $7,873.13 in 2016 and lowering to $6,755.21 in 2020,... Read more
Average Taxable Income per Tax Return in Wayne County, NC over the last 9 years
Wayne County, North Carolina has seen a fluctuating but overall upward trend in average taxable income per tax return over the last nine years, starting from $42,897.93 in 2013 and rising to $55,527.74 in 2021. This consistent increase, despite some years of minor dips, could signal a growing economic resilience and increasing affluence in the area. Higher taxable incomes may imply improved employment opportunities and wages, making the county increasingly attractive for investors, new residents, and real estate development. For appraisers, insurance agents, and real estate agents, understanding these nuanced trends could be essential for pricing properties, underwriting risks, and advising clients effectively.
Average State and Local Income Taxes Per Tax Return in Wayne County, NC Over the Last 10 Years
Over the last decade, Wayne County, North Carolina has seen a notable upward trend in average state and local income taxes per tax return, with a substantial increase from $5,698.77 in 2012 to $10,937.43 in 2021. This surge might hint at growing incomes or changes in tax policy, both of which could be important for potential investors, newcomers, and real estate professionals. The peak values in recent years above $9,000 signify a possible shift in the economic landscape, impacting appraisals, insurance rates, and property investments.
Average Total Tax Liability Per Tax Return in Wayne County, NC Over the Last 10 Years
Wayne County, North Carolina's average total tax liability per tax return has shown notable fluctuations over the past decade, with figures peaking at approximately $7,873.13 in 2016 and dipping to around $6,755.21 in 2020. There's a discernible upward trend, particularly notable in years like 2021 where values approached $7,770.78. These trends could indicate varying economic conditions, potentially impacting investment decisions, property values, and cost of living considerations for prospective residents and stakeholders. Understanding these shifts is crucial for real estate agents, insurance agents, and appraisers when assessing property values and market readiness.
Cost of Living in Wayne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,148 | $1,371 | $1,880 | $1,184 | $1,178 |
| 1 adult 4 children | $1,148 | $1,120 | $1,437 | $1,184 | $1,271 |
| 2 adults 3 children | $1,148 | $1,120 | $1,631 | $1,184 | $951 |
| 1 adult 3 children | $1,148 | $915 | $1,189 | $1,184 | $997 |
| 2 adults 2 children | $918 | $917 | $1,383 | $1,044 | $824 |
| 1 adult 2 children | $918 | $685 | $940 | $1,044 | $759 |
| 2 adults 1 child | $918 | $725 | $1,134 | $589 | $769 |
| 1 adult 1 child | $918 | $468 | $691 | $589 | $647 |
| 2 adults | $697 | $582 | $886 | $0 | $609 |
| 1 adult | $693 | $318 | $443 | $0 | $548 |
Safety trends & Data
Wayne County, North Carolina, has experienced significant reductions in key property crimes over the past five years, with burglaries dropping from 93 in 2018 to 62 in 2022, and larceny-theft incidents plummeting from 257 to 88. Though motor vehicle thefts and embezzlement numbers have varied, they remain relatively low, indicating more isolated issues. Vandalism incidents, which peaked at 48 in 2018, have dropped to just 18 in 2022. These trends suggest efforts to enhance safety and stability,... Read more
Property Crime Trends in Wayne County, NC Over the Last 5 Years
Over the last five years, Wayne County, North Carolina, has seen a general decline in burglaries and larcenies, with burglary numbers dropping from 93 in 2018 to 62 in 2022, and larceny-theft incidents decreasing from 257 to 88 in the same period. Conversely, motor vehicle thefts and embezzlement figures have fluctuated but remained relatively low, suggesting a more targeted issue rather than a widespread trend. Interestingly, cases of vandalism peaked in 2018 with 48 incidents but have since reduced considerably to 18 in 2022. Potential investors and residents might find the decreasing trends in key property crimes encouraging, showcasing efforts to increase safety and stability in the region.
Demographics
Wayne County, North Carolina, shows a fairly balanced gender distribution, with females slightly outnumbering males. The educational landscape highlights a considerable portion of the population having some college education, yet a notable number halt at high school graduation or below. Age-wise, the county seems to have a significant young population under 35, suggesting potential growth in workforce and community engagement. Racial analysis indicates a majority White populace, with Black or... Read more
Race Distribution in Wayne County, North Carolina (2022)
Educational Attainment in Wayne County, North Carolina (2022)
Age Distribution in Wayne County, North Carolina
Citizen Population in Wayne County, North Carolina (2022)
Political Trends & Data
Wayne County, North Carolina showcases a somewhat Republican leaning, with around 55% of votes cast for the GOP in the last presidential election, while Democrats secured about 44%. Third-party candidates collectively received just over 1% of votes, indicating a minor presence. The nearly 10-point gap between the two main parties hints at a degree of political diversity, though the county tends to favor Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wayne County in North Carolina saw a slight majority of votes go to the Republican party, with around 55%, while Democrats garnered approximately 44%. Third-party candidates and others made up a minor portion of the votes, with Libertarians, Greens, and other parties combined scarcely eclipsing 1%. This distribution might suggest a predominantly Republican leaning in the county, though the relatively close margin between the two major parties could imply some level of political diversity.
55.29% of voters voted for the Republican party in the 2020 Presidential Election
43.60% of voters voted for the Democrat party in the 2020 Presidential Election
0.68% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Wayne County, North Carolina, the student-to-teacher ratio has typically been around 15 students per teacher, slightly above the national average of 14. An extreme anomaly spiked this number to over 183 in 2019, which has since stabilized but shows a more recent increase to 17 in 2023. This trend towards larger class sizes might influence the real estate market, as education quality and student attention are key considerations for families and... Read more
Student-to-teacher ratio in Wayne County, North Carolina over the last 10 years
Over the last decade, the student-to-teacher ratio in Wayne County, North Carolina has generally hovered around 15 students per teacher, with a notable anomaly in 2019 where it spiked to over 183. Excluding this outlier, the trend signifies a somewhat stable environment, slightly higher than the national average of 14 students per teacher. This slight fluctuation may imply that schools in the county are close to maintaining manageable class sizes, which could be appealing for parents and educators. However, the recent increase to 17 in 2023 may signal a trend toward larger classes, potentially impacting education quality and individual student attention, which are crucial factors for prospective homebuyers, real estate investors, and those considering building in the area.
