Yancey County Real Estate and Livability Trends
Yancey County, North Carolina's real estate market is showing intriguing signs of growth and dynamism. Median home values reached $206,100 in 2022, outpacing the national median but sitting below the state median, hinting at rising demand and potential for appreciation. Interestingly, while mortgage counts for principal residences have dropped from a peak of 1061 in 2021 to 705 in 2022,... Read more
Yancey County Market Trends
Yancey County, North Carolina's real estate market has seen notable median home value growth, climbing to $206,100 in 2022, which outpaces the national median of $179,400 but is below the state median of $234,900. This surge could indicate rising demand and attract investors looking for appreciation potential. Residential energy tax credits per return have fluctuated significantly, hitting... Read more
Median Value of Occupied Housing Units in Yancey County, North Carolina Over the Last 8 Years
Yancey County, North Carolina has seen its median home values climb steadily over the past eight years, reaching $206,100 in 2022, up from $140,500 in 2015. This upward trajectory is somewhat paralleled by state and national trends; however, Yancey County's 2022 median home value lags behind the state’s $234,900 but still outpaces the national median of $179,400. The rapid growth observed in Yancey County could be indicative of increased demand in the area, making it an intriguing locale for potential investors and homebuyers seeking appreciation potential.
Residential Energy Tax Credit Per Tax Return in Yancey County, NC Over the Last 8 Years
Yancey County, North Carolina, has displayed significant fluctuations in average residential energy tax credits per tax return over the past eight years. Notable peaks occurred in 2014 at $580.00 and 2021 at $912.50, likely driven by increasing homeowner investments in energy-efficient upgrades. A considerable dip to $366.67 in 2017 suggests variability, possibly influenced by changing tax incentives or economic conditions. These trends could be appealing for real estate agents and property investors targeting energy-conscious buyers, while potentially impacting appraisals and insurance evaluations.
Average Real Estate Taxes Per Tax Return in Yancey County, NC Over the Last 10 Years
Real estate taxes in Yancey County, North Carolina have shown a general upward trend over the past decade, with a noticeable jump from $1,976.79 in 2014 to $3,084.00 in 2020. This increase could imply rising property values, making it a potentially attractive area for real estate investment. However, for current residents or potential homebuyers, these rising costs might affect affordability. Property developers and insurance agents might also find this data relevant to assess risk and set premiums. Real estate agents could leverage this trend to highlight market growth or caution against escalating costs.
Percentage of Farm Returns in Yancey County, NC Over the Last 10 Years
In Yancey County, North Carolina, farm tax returns have seen a significant decline over the last decade. Ten years ago, around 5.75% of tax returns were related to farm activities, but this number has gradually dropped to around 3.58% by 2021. Farm tax returns categorize income from agricultural activities and can indicate the vitality of farming in an area. This decrease might suggest a shift away from farming, possibly reflecting broader economic changes or shifts in land use. Investors, prospective property builders, and new residents may find this trend indicative of evolving economic opportunities or potential changes in the local lifestyle.
Number of Mortgages by Occupancy Type in Yancey County, NC Over the Last 5 Years in Yancey County
Yancey County, North Carolina, has seen fluctuating mortgage counts, especially for principal residences which peaked at 1061 in 2021, then dropped sharply to 705 by 2022. Investment properties generally trended upward, with a significant leap from 32 in 2018 to 66 in 2022. Second residences showed volatility, with numbers peaking at 236 in 2021 before falling to 112 in 2022. Shifts in occupancy types could impact market dynamics—investors might interpret the rise in investment properties as a signal of growing rental demand or potential property appreciation, while the decline in principal residences might indicate reduced buyer confidence or affordability issues. These trends matter for those considering real estate moves, appraisers, and insurance agents as they reflect changing housing priorities and economic conditions.
Economic Outlook
Over the past nine years, Yancey County, North Carolina has seen a notable increase in average taxable income per tax return, jumping from $40,179.13 in 2013 to $58,906.37 in 2021. This trend could be appealing for potential investors and real estate developers. Meanwhile, local income taxes have surged, with average state and local income taxes per tax return rising from $4,698.31 in 2012 to $12,504.55 in 2021, possibly indicating changes in tax policies or income levels. Additionally, the... Read more
Average Taxable Income per Tax Return in Yancey County, NC over the last 9 years
Over the past 9 years, Yancey County, North Carolina has seen a notable increase in average taxable income per tax return, jumping from around $40,179.13 in 2013 to approximately $58,906.37 in 2021. This trend suggests a steady growth in economic prosperity, which could be appealing for potential investors and real estate developers. Appraisers and insurance agents might also interpret the rising incomes as a sign of increasing property values and a more affluent population, setting a favorable climate for various industries in the region.
Average State and Local Income Taxes Per Tax Return in Yancey County, NC Over the Last 10 Years
Over the past decade in Yancey County, North Carolina, there has been a substantial increase in average state and local income taxes per tax return. Starting from roughly $4,698.31 in 2012, the average rose steadily, peaking dramatically at $12,504.55 in 2021. Noticeable jumps occurred post-2017, indicating possible changes in tax policies or income levels. For those considering investments or relocations, this significant tax increase might impact financial planning and the overall appeal of Yancey County.
Average Total Tax Liability Per Tax Return in Yancey County, NC Over the Last 10 Years
Yancey County, North Carolina, has experienced a notable increase in average total tax liability per tax return over the past decade. From $4,407.16 in 2012 to $7,874.41 in 2021, this upward trend may reflect a range of factors, such as rising local incomes, property values, or changes in tax policy. For potential investors, real estate agents, or those considering relocation, these figures suggest a growing economic base but also higher financial commitments. Use this data to gauge the county's fiscal health and weigh it in investment or relocation decisions.
Cost of Living in Yancey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,055 | $1,436 | $2,023 | $1,363 | $1,326 |
| 1 adult 4 children | $1,055 | $1,172 | $1,549 | $1,363 | $1,424 |
| 2 adults 3 children | $1,055 | $1,173 | $1,754 | $1,363 | $1,076 |
| 1 adult 3 children | $1,055 | $958 | $1,280 | $1,363 | $1,127 |
| 2 adults 2 children | $771 | $960 | $1,485 | $1,173 | $875 |
| 1 adult 2 children | $771 | $717 | $1,011 | $1,173 | $810 |
| 2 adults 1 child | $771 | $759 | $1,217 | $559 | $765 |
| 1 adult 1 child | $771 | $490 | $743 | $559 | $628 |
| 2 adults | $593 | $610 | $948 | $0 | $618 |
| 1 adult | $555 | $332 | $474 | $0 | $529 |
Safety trends & Data
Yancey County, North Carolina has experienced notable volatility in property crime over the past five years. A stark increase in larceny-theft cases was seen in 2020 with 153 reports, compared to just 8 in both 2021 and 2022. Burglary incidents also peaked in 2018 with 21 cases but have since remained relatively consistent at lower levels. These fluctuating trends highlight an area of concern that potential investors and residents should monitor closely, especially regarding upcoming safety... Read more
Property Crime Trends in Yancey County, NC Over the Last 5 Years
Yancey County, North Carolina has seen significant fluctuations in property crime over the last five years. Notably, 2020 witnessed a sharp spike in larceny-theft cases with 153 reports, contrasting sharply with the more modest numbers in other years, such as 8 in both 2021 and 2022. Burglary incidents have also varied, peaking in 2018 with 21 cases and remaining lower but relatively consistent in subsequent years. These trends suggest potential instability in property crime rates, indicating a need for potential investors and residents to stay informed about ongoing safety measures and community initiatives aimed at crime reduction.
Demographics
Yancey County, North Carolina exhibits a near-even split between male and female adults, reflecting a balanced gender ratio. In terms of educational attainment, a significant portion of the population holds at least a high school diploma, with a smaller yet notable percentage achieving bachelor's degrees or higher. The age distribution shows a higher concentration of residents in the older age brackets, particularly those aged 55 to 64 and 65 to 74. The racial composition is predominantly... Read more
Race Distribution in Yancey County, North Carolina (2022)
Educational Attainment in Yancey County, North Carolina (2022)
Age Distribution in Yancey County, North Carolina
Citizen Population in Yancey County, North Carolina (2022)
Political Trends & Data
Yancey County, North Carolina, shows a pronounced Republican favor, based on 2020 U.S. Presidential Election data where Republicans captured about 66% of the vote. Democrats followed with around 32%, and other parties collectively managed less than 2%, indicating their minimal influence. This data might suggest a strong two-party system in the county, making it challenging for third-party candidates to make significant... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Yancey County, North Carolina, the 2020 U.S. Presidential Election data suggests a strong Republican lean, with approximately 66% of the vote. Democrats garnered roughly 32%, which trails significantly behind. Smaller parties, including Libertarians, Greens, and others, together amassed less than 2% of the vote, indicating minimal impact. This trend highlights a predominant two-party dynamic, with third-party candidates struggling to gain a foothold.
66.21% of voters voted for the Republican party in the 2020 Presidential Election
32.49% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Yancey County, North Carolina, has seen student-to-teacher ratios ranging from 12 in 2017 and 2022 to 14 in both 2019 and 2023. This tends to suggest the area offers more personalized attention compared to the national average of 14, possibly making it attractive to families prioritizing education. The variability could indicate ongoing changes in local school funding or population trends, offering key insights for investors, appraisers, and real estate agents assessing community stability and... Read more
Student-to-teacher ratio in Yancey County, North Carolina over the last 10 years
Yancey County, North Carolina, has seen fluctuations in the student-to-teacher ratio over the last decade, with figures ranging from a low of 12 students per teacher in 2017 and 2022 to a high of 14 in both 2019 and 2023. This suggests more personalized attention than the national average of 14 students per teacher, potentially making the area attractive to families prioritizing education. Variability in these ratios might indicate ongoing changes in local school funding or population trends, important insights for investors, appraisers, and real estate agents assessing long-term community stability and growth.
