Wilson County Real Estate and Livability Trends
Wilson County, North Carolina's real estate market portrays a nuanced economic landscape. Median home values have seen a consistent rise from $116,300 in 2015 to $153,800 in 2022, although still below the state average, hinting at untapped potential. Taxable income and state and local income taxes have been on an upward trend, while a surge in residential energy tax credits from $473.68 in 2013... Read more
Wilson County Market Trends
Wilson County, North Carolina's median home value has climbed steadily from $116,300 in 2015 to $153,800 in 2022, though it remains below the state average. Residential energy tax credits have surged from $473.68 in 2013 to $2464.62 in 2021, signaling a growing interest in energy-efficient home improvements. Real estate taxes have spiked from $2,231.19 in 2012 to $3,386.16 in 2021, implying... Read more
Median Value of Occupied Housing Units in Wilson County, North Carolina Over the Last 8 Years
Wilson County, North Carolina's median home value has seen a consistent upward trend over the past eight years, culminating in a significant increase from $116,300 in 2015 to $153,800 in 2022. While this growth reflects a stable rise, the county's median values still lag behind the state average, which surged from $154,900 in 2015 to $234,900 in 2022. Furthermore, on a national scale, home values also experienced a steady incline, with the median jumping from $125,500 in 2015 to $179,400 in 2022. Investors and potential homeowners might find Wilson County appealing due to its relatively lower median values compared to state and national figures, suggesting potential for growth and affordability.
Residential Energy Tax Credit Per Tax Return in Wilson County, NC Over the Last 9 Years
Wilson County, North Carolina, has seen a substantial rise in the average residential energy tax credit per tax return over the last nine years. Starting at just $473.68 in 2013, the figure has fluctuated but ultimately climbed to $2464.62 by 2021. Notable spikes occurred in 2017 and 2018, reaching $1565.31 and $2494.29, respectively, suggesting increased investments in energy-efficient home improvements. This trend could be attractive to prospective homeowners, real estate agents, and property appraisers as it indicates a growing homeowner interest in sustainable living, potentially increasing property values and market demand. For insurance agents, this might signal reduced risk profiles for properties making energy-efficient enhancements.
Average Real Estate Taxes Per Tax Return in Wilson County, NC Over the Last 10 Years
Over the past decade, Wilson County, North Carolina has seen a notable increase in average real estate taxes per tax return, trending from $2,231.19 in 2012 to $3,386.16 in 2021. The most significant jump occurred between 2017 and 2018, where taxes surged from $2,468.51 to $3,266.67. Such a pattern could indicate growing property values and potentially expanding public services. For real estate agents, appraisers, and insurers, this trend suggests a dynamic market with evolving fiscal demands. Prospective investors and residents might view this as a signal of a robust regional economy, meriting further consideration.
Percentage of Farm Returns in Wilson County, NC Over the Last 10 Years
In Wilson County, North Carolina, the percentage of farm tax returns has shown a fluctuating yet overall declining trend over the last decade. Starting at approximately 0.79% in 2012, it slightly decreased almost every year to around 0.53% by 2021. Farm tax returns offer insight into the agricultural sector's financial health and viability, indicating potential challenges or shifts away from farming activities. For investors or those looking to build property here, this trend might signal a change in land use patterns or economic shifts impacting the farming community. Those interested in the county should consider how these factors could influence future property values and development opportunities.
Number of Mortgages by Occupancy Type in Wilson County, NC Over the Last 5 Years in Wilson County
Wilson County, North Carolina has seen a notable fluctuation in mortgage activity over the past five years, particularly in the investment property and principal residence segments. Investment properties have oscillated between 143 and 276 annual mortgages, reflecting a perhaps cautious yet growing interest among investors. Principal residences, the dominant category, spiked to a high of 4292 mortgages in 2021 before seeing a decrease to 3263 in 2022. Meanwhile, second residences have remained consistently low, peaking at 54 in 2021. These shifts in occupancy types can influence housing market dynamics, impacting everything from property valuations to insurance rates. For potential investors and real estate professionals, these trends hint at varying demand and economic conditions that could inform future decisions in the region.
Economic Outlook
Wilson County, North Carolina's average taxable income per tax return has been on an upward trajectory, climbing from $43,776.80 in 2013 to $57,146.18 in 2021, with a notable spike in 2018 and a small dip in 2020. State and local income taxes have also risen, reaching $8,972.02 by 2021 from $5,577.41 in 2012. The total tax liability followed suit, increasing to $8,521.00 in 2021. The fluctuating poverty rate, peaking at 21.9% in 2014 and falling to 14.2% in 2017, adds another layer of... Read more
Average Taxable Income per Tax Return in Wilson County, NC over the last 9 years
The average taxable income per tax return in Wilson County, North Carolina has shown a generally increasing trend over the past nine years, moving from $43,776.80 in 2013 to $57,146.18 in 2021. The period saw steady growth with a notable spike in 2018 and a slight dip in 2020, potentially indicating economic fluctuations or external influences affecting income levels. This upward trend in average income could be attractive for potential investors, real estate agents, and those considering relocation, as it might suggest a relatively stable and growing economic environment in Wilson County.
Average State and Local Income Taxes Per Tax Return in Wilson County, NC Over the Last 10 Years
In Wilson County, North Carolina, average state and local income taxes per tax return have shown a steady upward trend over the past decade, with notable spikes in recent years. From 2012, where averages hovered around $5,577.41, there's been a significant increase, reaching approximately $8,972.02 by 2021. This rise could suggest increasing incomes and possibly changes in tax policies or living costs in the area. For investors, appraisers, insurance agents, and real estate professionals, this climb in taxes might indicate shifting economic conditions, impacting property values and the overall cost of living in Wilson County.
Average Total Tax Liability Per Tax Return in Wilson County, NC Over the Last 10 Years
Over the past decade in Wilson County, North Carolina, the average total tax liability per tax return has shown a general upward trend. Starting at $6,725.43 in 2012, it peaked at $8,521.00 in 2021. This persistent increase could indicate rising incomes, property values, or changes in tax regulations, making this an important consideration for potential investors, real estate agents, and those looking to relocate. Such trends might also impact appraisers and insurance agents who need to account for these escalating values in their assessments and policies.
Cost of Living in Wilson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,045 | $1,412 | $1,843 | $1,537 | $1,242 |
| 1 adult 4 children | $1,045 | $1,153 | $1,410 | $1,537 | $1,345 |
| 2 adults 3 children | $1,045 | $1,153 | $1,599 | $1,537 | $1,010 |
| 1 adult 3 children | $1,045 | $941 | $1,166 | $1,537 | $1,069 |
| 2 adults 2 children | $829 | $944 | $1,355 | $1,332 | $858 |
| 1 adult 2 children | $829 | $705 | $921 | $1,332 | $805 |
| 2 adults 1 child | $829 | $746 | $1,111 | $666 | $746 |
| 1 adult 1 child | $829 | $482 | $677 | $666 | $625 |
| 2 adults | $669 | $599 | $866 | $0 | $590 |
| 1 adult | $554 | $327 | $433 | $0 | $494 |
Safety trends & Data
Wilson County, North Carolina, has experienced fluctuating property crime trends over the past five years, with larceny-theft peaking at 421 incidents in 2018 and consistently high yearly levels. Burglary and vandalism show significant yet varying counts, while motor vehicle thefts and fraud often display an upward trend. Although arson is rare with single-digit occurrences, these crime dynamics are crucial for investors, real estate agents, and potential residents, as they can influence... Read more
Property Crime Trends in Wilson County, NC Over the Last 5 Years
Wilson County, North Carolina has shown fluctuating trends in property crimes over the past five years. Larceny-theft tends to dominate the crime statistics, with counts peaking at 421 in 2018 and generally maintaining high levels annually. Burglary and vandalism also present significant but varied counts, while motor vehicle thefts and fraud have seen some volatility but oftentimes show an increasing trend. Arson remains relatively rare with single-digit occurrences. These dynamics are crucial for investors, real estate agents, and potential residents to understand, as a declining or spiking trend in property crimes can impact property values, insurance premiums, and overall community safety perceptions.
Demographics
Wilson County, North Carolina, tends to have a slightly larger female population compared to males. While educational attainment varies, a significant portion of adults have at least a high school diploma, though fewer hold graduate or professional degrees. The age distribution shows a diverse range with a notable population of older adults aged 55 and above. Racially, the county appears quite diverse with substantial White and Black or African American communities, and a smaller presence of... Read more
Race Distribution in Wilson County, North Carolina (2022)
Educational Attainment in Wilson County, North Carolina (2022)
Age Distribution in Wilson County, North Carolina
Citizen Population in Wilson County, North Carolina (2022)
Political Trends & Data
Wilson County, North Carolina's political landscape in the 2020 U.S. Presidential Election indicates a close competition between Democrats and Republicans, with Democrats slightly ahead at approximately 51% of the vote versus Republicans' 48%. Minor parties, such as the Libertarians and Greens, had minimal impact, highlighting the county's strong two-party presence. This competitive edge might reflect broader political dynamics in similar... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wilson County in North Carolina saw a slight edge for Democrats over Republicans in the 2020 U.S. Presidential Election, with Democrats potentially capturing around 51% of the vote compared to Republicans' 48%. Minor parties like the Libertarians and Greens barely made a dent, suggesting a two-party dominance. This division underscores the competitive political landscape within this county.
48.07% of voters voted for the Republican party in the 2020 Presidential Election
50.95% 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
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wilson County, North Carolina has seen a gradual increase in the student-to-teacher ratio, peaking at 18 students per teacher in 2022. Consistently sitting above the national average of 14, this higher ratio suggests larger class sizes, potentially affecting educational quality—a key consideration for families and real estate investors. This trend may also influence property values and risk assessments, reflecting broader community investment in local... Read more
Student-to-teacher ratio in Wilson County, North Carolina over the last 10 years
Wilson County, North Carolina has seen a gradual increase in the student-to-teacher ratio over the last decade, with notable peaks like 18 students per teacher in 2022. Despite fluctuating values, this area has consistently maintained a ratio slightly above the national average of 14 students per teacher. For potential homeowners, investors, and real estate agents, a higher teacher-to-student ratio may imply larger class sizes and potentially less individualized attention for students, which could be a consideration for families prioritizing education quality. This trend might also impact appraisers and insurance agents as it could reflect broader community investment in local schools, influencing property values and risk assessments.
