Wilkes County Real Estate and Livability Trends
Over the last nine years, Wilkes County, North Carolina, has seen average taxable income rise from $42,226.23 in 2013 to $61,491.77 in 2021, while property values climbed from $114,800 in 2015 to $146,200 in 2022. State and local income taxes jumped significantly, particularly from $10,986.14 in 2018 to $15,758.43 by 2021, reflecting potential increases in incomes or property valuations. The... Read more
Wilkes County Market Trends
Wilkes County, North Carolina has seen a gradual rise in median home values, from $114,800 in 2015 to $146,200 in 2022, though this growth still lags behind state and national averages. The county’s notable fluctuation in residential energy tax credits, particularly the 2018 spike, suggests a growing investment in energy-efficient home improvements. Real estate taxes have shown considerable... Read more
Median Value of Occupied Housing Units in Wilkes County, North Carolina Over the Last 8 Years
Wilkes County, North Carolina, has seen a gradual rise in median home values over the past 8 years, growing from $114,800 in 2015 to $146,200 in 2022. This growth trend in Wilkes County is noticeable but still lags behind both state and national averages, with North Carolina jumping from $154,900 to $234,900, and the United States rising from $125,500 to $179,400 over the same period. For potential investors or prospective homeowners considering Wilkes County, this data could reflect the county's relative affordability and the potential for future appreciation in home values, especially when benchmarked against state and national trends.
Residential Energy Tax Credit Per Tax Return in Wilkes County, NC Over the Last 9 Years
Residential energy tax credits in Wilkes County, North Carolina have demonstrated notable fluctuations over the past nine years. From more gradual increases in the 2013-2017 period, peaking at $527.78 in 2017, a sharp spike happened in 2018 with an average of $2,625.00 per tax return. Subsequently, values normalized but remained higher than pre-2018 levels, ranging between $1,010.71 and $1,147.62 from 2019 to 2021. This trend reflects a growing investment in energy-efficient home improvements, potentially driven by evolving state incentives or increased local awareness around sustainable living. This could indicate a robust opportunity for those looking to invest in energy-efficient technologies or properties in the region.
Average Real Estate Taxes Per Tax Return in Wilkes County, NC Over the Last 10 Years
Over the last decade, Wilkes County, North Carolina has seen considerable variability in average real estate taxes per tax return. Starting from $1,980.84 in 2012 and gradually increasing to $2,226.68 by 2017, a substantial jump was observed in 2018 to $3,288.07. Although peaking at $3,753.61 in 2020, a slight decline followed with figures falling to $3,475.28 by 2021. This rising trend, especially the spike post-2017, may indicate changing economic conditions or shifting property valuations, which are crucial insights for potential investors, real estate stakeholders, and local residents monitoring property-related financial commitments.
Percentage of Farm Returns in Wilkes County, NC Over the Last 10 Years
In Wilkes County, North Carolina, the percentage of farm tax returns has generally seen a subtle decline over the past decade, starting from roughly 3.22% in 2012 and tapering to around 2.60% by 2021. Though slight, this trend might hint at a gradual shift away from agricultural enterprises or a consolidation of farm operations. For potential investors or property developers, this data might suggest a move towards diverse economic activities or a transition in land use, impacting future development opportunities and community planning.
Number of Mortgages by Occupancy Type in Wilkes County, NC Over the Last 5 Years in Wilkes County
Wilkes County, North Carolina has witnessed a steady climb in mortgages for principal residences over the past five years, peaking in 2021 with 3,004 mortgages. This trend implies a growing demand for homes as primary living spaces, a key indicator for developers and real estate agents. Investment property mortgages remain relatively low but stable, suggesting a cautious interest from investors, possibly due to the area's economic stability and rental income potential. Meanwhile, second residence mortgages have seen a slight fluctuation, showing a modest interest in vacation or secondary homes, a crucial datapoint for insurers assessing risk in multiple-occupancy properties. These shifts matter for investors, insurers, and residents alike, as they reflect changing housing needs and market strategies in the county.
Economic Outlook
Over the last nine years, Wilkes County in North Carolina has seen an upward trend in average taxable income, going from around $42,226.23 in 2013 to about $61,491.77 in 2021. State and local income taxes here have shown notable volatility, particularly skyrocketing from $10,986.14 in 2018 to $15,758.43 by 2021. The average total tax liability per tax return also jumped from $6,347.22 in 2012 to $9,394.24 in 2021, pointing to potential increases in incomes or property values. Poverty rates have... Read more
Average Taxable Income per Tax Return in Wilkes County, NC over the last 9 years
Over the last nine years, Wilkes County in North Carolina has seen a steady increase in average taxable income per tax return. Starting at around $42,226.23 in 2013, the figure has gradually risen to approximately $61,491.77 in 2021. This upward trend could be a sign of economic growth and improved wage conditions, making it an appealing prospect for investors, property developers, and real estate agents alike. It's also worth noting for insurance agents and appraisers who might need to account for these shifts in economic activity.
Average State and Local Income Taxes Per Tax Return in Wilkes County, NC Over the Last 10 Years
Over the past decade, state and local income taxes in Wilkes County, North Carolina have experienced notable fluctuations, with a significant uptick beginning in 2018. From $6,081.12 in 2012, taxes spiked to $10,986.14 in 2018 and surged to $15,758.43 by 2021. These increases might suggest an evolving economic landscape or changing tax policies, which could be relevant for potential investors, homeowners, and real estate professionals considering the local market dynamics and long-term financial planning. Understanding these trends can help assess the financial climate and future tax liabilities in Wilkes County.
Average Total Tax Liability Per Tax Return in Wilkes County, NC Over the Last 10 Years
Wilkes County, North Carolina has experienced a noticeable increase in average total tax liability per tax return over the last decade, with a significant jump from $6,347.22 in 2012 to $9,394.24 in 2021. This upward trend might be indicative of rising incomes or property values, which could be appealing to investors and those considering relocating. It’s also crucial for appraisers and insurance agents to take note of these changes when valuing properties or setting premiums. The sharp rise in recent years, particularly from $7,678.16 in 2020 to $9,394.24 in 2021, could signal accelerating economic growth or policy changes impacting taxpayers in Wilkes County.
Cost of Living in Wilkes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,033 | $1,367 | $1,739 | $1,115 | $1,075 |
| 1 adult 4 children | $1,033 | $1,117 | $1,329 | $1,115 | $1,169 |
| 2 adults 3 children | $1,033 | $1,117 | $1,509 | $1,115 | $873 |
| 1 adult 3 children | $1,033 | $912 | $1,099 | $1,115 | $890 |
| 2 adults 2 children | $771 | $914 | $1,279 | $974 | $741 |
| 1 adult 2 children | $771 | $683 | $869 | $974 | $663 |
| 2 adults 1 child | $771 | $723 | $1,049 | $512 | $689 |
| 1 adult 1 child | $771 | $467 | $639 | $512 | $575 |
| 2 adults | $662 | $581 | $819 | $0 | $594 |
| 1 adult | $635 | $317 | $410 | $0 | $533 |
Safety trends & Data
Wilkes County, North Carolina, has experienced varied property crime trends over the past five years, impacting investor and real estate professional assessments of safety and future growth. Burglary and larceny-theft peaked in 2021, reflecting changes in community vigilance and economic factors, while motor vehicle theft spiked in 2020 but has since declined, possibly due to increased law enforcement. A stable vandalism rate and a decline in fraud since 2018 suggest improved security measures,... Read more
Property Crime Trends in Wilkes County, NC Over the Last 5 Years
Wilkes County, North Carolina, has seen varied trends in property crime over the past five years, which might interest investors and real estate professionals assessing the area's safety and future growth. Burglary and larceny-theft have fluctuated, peaking in 2021 and reflecting changes in community vigilance and economic factors. Notably, motor vehicle theft spiked in 2020 but has since declined, potentially indicating increased law enforcement efforts. Vandalism incidents have been relatively stable, but the decline in fraud cases from 2018 suggests improved security measures. These trends provide critical insights for anyone looking to assess property values or insurance needs in the county.
Demographics
Wilkes County, North Carolina shows a slightly higher number of women compared to men in its adult population. Educational attainment appears varied, with a significant portion of the population having completed high school, while fewer people have bachelor's or graduate degrees. Age distribution leans towards middle-aged residents, with substantial numbers in the 45 to 64 years bracket, which might suggest a mature workforce and possibly upcoming retirements. The racial composition indicates a... Read more
Race Distribution in Wilkes County, North Carolina (2022)
Educational Attainment in Wilkes County, North Carolina (2022)
Age Distribution in Wilkes County, North Carolina
Citizen Population in Wilkes County, North Carolina (2022)
Political Trends & Data
In Wilkes County, North Carolina, Republicans appear to have a substantial influence, as evidenced by their strong lead in the 2020 presidential election. Democrats seem to have garnered less than 25% of the vote share, suggesting challenges in gaining traction. Minor parties, such as Libertarians and Greens, made minimal impact, indicating a limited appetite for alternative voting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Republicans likely maintained strong influence in Wilkes County, North Carolina, with a significant lead in the 2020 presidential election. Democrats, while present, appeared to struggle with less than a quarter of the vote share. Smaller parties like the Libertarians, Greens, and others made only minor impacts, suggesting limited diversification in voting preferences.
77.80% of voters voted for the Republican party in the 2020 Presidential Election
21.18% of voters voted for the Democrat party in the 2020 Presidential Election
0.60% 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
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wilkes County, North Carolina has seen a gradual decrease in the student-to-teacher ratio over the past decade, moving from 17 students per teacher in 2014 down to about 15 by 2021. This effort to improve classroom sizes could be appealing for parents looking to enroll their children in a district that values education. For investors and real estate agents, this ongoing enhancement in education quality may increase the area's attractiveness to families, despite still being slightly above the... Read more
Student-to-teacher ratio in Wilkes County, North Carolina over the last 10 years
The student-to-teacher ratio in Wilkes County, North Carolina has generally trended downward over the past decade, starting at 17 students per teacher in 2014 and decreasing to around 16 students per teacher in recent years, eventually dipping to 15 in 2021 before rising slightly. This trend shows that Wilkes County is consistently striving to improve classroom sizes, which could be a notable factor for parents considering where to enroll their children. For investors and real estate agents, this data suggests that Wilkes County values education quality, potentially making the area more attractive to families. Compared to the national average of 14, Wilkes County still has slightly larger class sizes, but the narrowing gap indicates ongoing improvement.
