Accomack County Real Estate and Livability Trends
Accomack County, Virginia has seen average taxable income rise from $41,980.75 in 2013 to $56,502.46 in 2021, which might suggest increased economic strength and potential impacts on property values and investment opportunities. The county's median home values peaked at $184,500 in 2022, offering affordable alternatives to state and national averages while notable increases in real estate taxes... Read more
Accomack County Market Trends
Accomack County, Virginia's median home values peaked at $184,500 in 2022, presenting affordable alternatives to the state's average of $339,800 and the national average of $179,400. Residential energy tax credits have varied significantly, with a peak of $1,468.42 in 2019, hinting at a growing interest in energy-efficient home improvements. Real estate taxes have surged notably, from $1,799.67... Read more
Median Value of Occupied Housing Units in Accomack County, Virginia Over the Last 8 Years
The median home values in Accomack County, Virginia, have experienced a steady increase over the past eight years, peaking at $184,500 in 2022. This local trend is especially intriguing when compared to Virginia's state average of $339,800 and the national average of $179,400 in the same year. Given the more modest growth rates and median values in Accomack County, the area might present more affordable opportunities for potential investors or homebuyers looking for alternatives to pricier locations within Virginia or the broader United States.
Residential Energy Tax Credit Per Tax Return in Accomack County, VA Over the Last 9 Years
Accomack County, Virginia has seen significant fluctuations in the average residential energy tax credit per tax return over the last nine years, peaking at $1,468.42 in 2019 and dipping as low as $335.48 in 2013. The notable increase in 2018 and 2019 may suggest a growing investment in energy-efficient home improvements, which can be attractive for investors and homebuyers looking to reduce long-term energy costs. For appraisers and insurance agents, the trend indicates potential adjustments in property valuations and insurance premiums. This evolving landscape presents opportunities for builders and real estate agents to market energy-efficient properties more effectively.
Average Real Estate Taxes Per Tax Return in Accomack County, VA Over the Last 10 Years
Over the past decade, Accomack County, Virginia has experienced a substantial rise in real estate taxes per tax return, climbing from approximately $1,799.67 in 2012 to around $2,862.16 in 2021. The most notable jump was between 2017 and 2018, where taxes surged from roughly $2,104.36 to $2,583.52. These trends could indicate growing property values or increased fiscal requirements by local government, making it an important factor for potential investors, appraisers, and home buyers to consider.
Percentage of Farm Returns in Accomack County, VA Over the Last 10 Years
Accomack County, Virginia has seen relatively stable percentages of farm tax returns over the past decade, fluctuating between roughly 1.05% and 1.38%. While there's a slight decline in recent years, hovering around 1.06% in 2021, the percentage generally doesn't stray far from the early-2010s levels. Farm tax returns are often a proxy for agricultural activity and health in the region, indicating sustained farming presence without major spikes or drops. This consistency might suggest a reliable, albeit modest, agricultural sector, important for potential investors and residents interested in farming opportunities or rural viability.
Number of Mortgages by Occupancy Type in Accomack County, VA Over the Last 5 Years in Accomack County
The trends in mortgage counts for Accomack County, Virginia, reveal that principal residences dominate the market, suggesting a stable and potentially family-oriented community preferred by long-term residents. Investment properties, while increasing slightly over time, still represent a smaller share, indicating cautious investor interest. Second residences show fluctuations, possibly driven by economic factors or changing consumer preferences towards vacation homes. These patterns can influence property values, insurance costs, and demand for local amenities, making it crucial data for investors, real estate professionals, and potential homeowners to gauge the area's market dynamics accurately.
Economic Outlook
Over the past nine years, Accomack County, Virginia has experienced a notable upward trend in average taxable income per tax return, rising from approximately $41,980.75 in 2013 to around $56,502.46 in 2021. Parallel to this, state and local income taxes have also increased, climbing from $4,150.31 in 2012 to $6,470.37 by 2021, with the most significant spike between 2018 and 2020. These economic shifts, including fluctuations in total tax liability, suggest a strengthening local economy and... Read more
Average Taxable Income per Tax Return in Accomack County, VA over the last 9 years
Over the past nine years, Accomack County, Virginia has seen a notable upward trend in average taxable income per tax return, increasing from approximately $41,980.75 in 2013 to around $56,502.46 in 2021. This consistent growth suggests a strengthening local economy, potentially making the area more attractive for real estate investors, developers, and prospective homeowners. The rise in average income could also lead to shifts in property values and influence local insurance premiums and appraisals.
Average State and Local Income Taxes Per Tax Return in Accomack County, VA Over the Last 10 Years
Over the past decade, Accomack County, Virginia has seen a notable increase in average state and local income taxes per tax return. Starting from $4150.31 in 2012, the average taxes escalated to $6470.37 by 2021. The most significant jump occurred between 2018 and 2020, peaking at $7251.76, which could suggest rising incomes or changes in tax regulations. This trend may be of interest to potential investors and residents considering the evolving economic landscape and financial commitments in the county.
Average Total Tax Liability Per Tax Return in Accomack County, VA Over the Last 10 Years
Accomack County, Virginia has seen fluctuations in the average total tax liability per tax return over the last decade, with values ranging from around $5,917.52 in 2012 to $7,574.48 in 2021. Notably, there was a significant increase of approximately $1,076.54 just between 2020 and 2021. This trend could suggest a variety of factors at play, such as changes in income levels, property values, or even policy adjustments. Such information is potentially valuable for investors, real estate agents, and those considering real estate in the area, as it could reflect broader economic conditions and living costs in Accomack County.
Cost of Living in Accomack County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,123 | $1,363 | $1,512 | $1,005 | $988 |
| 1 adult 4 children | $1,123 | $1,113 | $1,154 | $1,005 | $1,101 |
| 2 adults 3 children | $1,123 | $1,114 | $1,313 | $1,005 | $820 |
| 1 adult 3 children | $1,123 | $909 | $955 | $1,005 | $853 |
| 2 adults 2 children | $793 | $912 | $1,114 | $871 | $670 |
| 1 adult 2 children | $793 | $681 | $756 | $871 | $615 |
| 2 adults 1 child | $793 | $721 | $915 | $436 | $645 |
| 1 adult 1 child | $793 | $465 | $557 | $436 | $569 |
| 2 adults | $702 | $579 | $716 | $0 | $594 |
| 1 adult | $588 | $316 | $358 | $0 | $512 |
Safety trends & Data
Accomack County, Virginia, has experienced notable fluctuations in property crime trends over the past five years, with larceny-theft dropping sharply from 59 cases in 2019 to 15 in 2022. Burglary cases have increased, peaking at 16 in 2022. Meanwhile, vandalism and fraud have shown moderate but varying levels, indicating changing security challenges. Though less common, arson and stolen property offenses remain relevant. These shifting crime patterns provide valuable insights for investors,... Read more
Property Crime Trends in Accomack County, VA Over the Last 5 Years
Over the past five years, Accomack County, Virginia, has shown varying property crime trends. Larceny-theft consistently topped other offenses but saw a sharp drop from 59 cases in 2019 to 15 in 2022. Burglary rates gradually climbed, peaking at 16 cases in 2022. Vandalism and fraud displayed moderate but fluctuating occurrences, hinting at evolving security challenges. The consistency in lower numbers for arson and stolen property-related offenses suggests these are less prevalent but still relevant concerns. For investors, residents, and real estate professionals, these patterns offer insight into the area's shifting crime landscape and are key to informed decision-making.
Demographics
Accomack County, Virginia exhibits noteworthy demographic patterns. Reflecting a slightly higher female population, educational attainment is varied, with a significant portion holding only a high school diploma and fewer advancing to graduate degrees. Age distribution shows a larger aging population, particularly those between 55 to 74 years, potentially impacting community services and healthcare demand. The racial demographic is predominantly White, with Black or African Americans also... Read more
Race Distribution in Accomack County, Virginia (2022)
Educational Attainment in Accomack County, Virginia (2022)
Age Distribution in Accomack County, Virginia
Citizen Population in Accomack County, Virginia (2022)
Political Trends & Data
Accomack County in Virginia shows a political landscape that leans Republican, with an estimated 54% of voters possibly supporting the GOP candidate in the 2020 Presidential Election. Democratic support might be significant but still slightly less at around 45%. Third parties seem to have minimal influence here, with Libertarian votes potentially just over 1% and other parties even less. This indicates a notable polarization between the two major parties with scant interest in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Accomack County in Virginia saw a majority lean towards the Republican party, with approximately 54% of voters possibly supporting the GOP candidate in the 2020 Presidential Election. The Democratic candidate might have garnered around 45% of the votes, showing significant support though still less than their Republican counterpart. Third parties appear to have had a minimal impact, with Libertarian votes potentially making up just over 1%, and other parties contributing even less. This suggests that the political landscape in Accomack County could be notably polarized between the two major parties, with only slight interest in alternative party choices.
54.07% of voters voted for the Republican party in the 2020 Presidential Election
44.68% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Accomack County, Virginia, has seen a noteworthy decrease in the student-to-teacher ratio, dropping from over 17 students per teacher in 2014 to under 12 in 2023, significantly better than the national average of 14 students per teacher. This trend could attract families looking for quality education, making it appealing for investors and real estate agents. Appraisers and insurance agents might view this positively, signaling a stable or improving community, which could impact property values... Read more
Student-to-teacher ratio in Accomack County, Virginia over the last 10 years
Over the last decade, Accomack County, Virginia, has seen a noticeable decline in the student-to-teacher ratio, dropping from over 17 students per teacher in 2014 to below 12 in 2023. This is significantly lower than the current national average of 14 students per teacher. For investors or real estate agents, this trend might be appealing as it could signal an improving quality of education, making the area attractive to families. Appraisers and insurance agents might interpret this as a sign of a stable or even improving community, potentially impacting property values positively. For those interested in moving to or already living in the area, this shift could suggest better individualized attention for students, contributing to a more favorable living environment.
