Land Market Insights and Pricing in North Carolina

North Carolina's diverse landscape spans from the Appalachian Mountains in the west to the Atlantic coastal plain in the east, featuring Mount Mitchell, the highest peak east of the Black Hills at 6,684 feet. The state's 17 major river basins and protected areas like the North Carolina State Park System offer abundant natural beauty and outdoor recreation opportunities. With a flat income tax rate of 4.25%, lower than neighboring states like South Carolina (6.20%) and Virginia (5.75%), North Carolina provides a favorable tax environment for residents. Property taxes are also competitive at 0.70%, ranking 36th nationally and below many neighboring states. As the nation's leading producer of tobacco and sweet potatoes, North Carolina generates over $469 million and $254 million in value respectively from these crops. Wake County stands out for residential properties and homes, with median worker earnings of $54,712 and a strong labor force participation rate of 69.9%. The county's median household price of $422,800 offers great value below the national average. For those interested in farm properties, Robeson County, the largest in North Carolina by land area, presents affordable options with a median household price of just $88,600. North Carolina's agricultural prowess, diverse geography, and favorable tax structure position the state for continued economic growth and development.