Alleghany County Real Estate and Livability Trends
Alleghany County, Virginia’s real estate market is subtly transforming with modest rises in median home values from $112,000 in 2015 to $123,600 in 2022, unlike the steeper jumps seen statewide and nationally. This gradual appreciation, coupled with a substantial average residential energy tax credit claimed per tax return hitting $740.00 by 2021, suggests growing interest in energy-efficient... Read more
Alleghany County Market Trends
Over the past eight years, Alleghany County, Virginia has seen relatively stable growth in median home values, starting at $112,000 in 2015 and reaching $123,600 in 2022. This modest increase stands in stark contrast to the broader trends in Virginia and nationally, where values have surged more dramatically. Meanwhile, the county's average residential energy tax credit claimed per tax return has... Read more
Median Value of Occupied Housing Units in Alleghany County, Virginia Over the Last 8 Years
In the past eight years, Alleghany County, Virginia has seen modest fluctuations in median home values, starting at $112,000 in 2015 and peaking at $123,600 in 2022. This relatively stable growth contrasts with Virginia more broadly, where median home values surged from $245,000 in 2015 to $339,800 in 2022, and the national trend, which saw an increase from $125,500 to $179,400 over the same period. For investors or potential homeowners, this indicates that while Alleghany County properties might offer more stable and affordable entry points, they may not appreciate as rapidly as those in other parts of the state or the country.
Residential Energy Tax Credit Per Tax Return in Alleghany County, VA Over the Last 8 Years
Over the past eight years, residents in Alleghany County, Virginia tend to see an increase in the average residential energy tax credit claimed per tax return. Starting at $362.50 in 2013, there was a notable dip back to $366.67 in subsequent years, only for the average to dramatically rise to $614.29 in 2019, reaching $740.00 by 2021. This steady climb in tax credits suggests a possible growing investment in energy-efficient upgrades among property owners, making the area potentially attractive for eco-conscious investors and developers. It also indicates a possibly increasing awareness of and participation in energy-saving initiatives, which could be a point of interest for real estate agents and insurers considering property value and risk.
Average Real Estate Taxes Per Tax Return in Alleghany County, VA Over the Last 10 Years
Over the past decade, Alleghany County, Virginia has seen a noticeable increase in average real estate taxes per tax return, climbing from approximately $1417.50 in 2012 to around $2241.18 in 2021. These rising tax obligations could indicate growing property values, potentially attractive returns for investors, or conversely, higher living costs for residents. Notably, a sharp rise between 2017 and 2018 could be a key point of interest for appraisers and real estate agents trying to understand market dynamics. For those in the insurance or construction sectors, these trends might suggest a robust and possibly expanding market landscape.
Percentage of Farm Returns in Alleghany County, VA Over the Last 10 Years
Farm tax returns in Alleghany County, Virginia, have hovered around 2.0% to 2.3% over the last decade. This stability might indicate a relatively stable farming community, potentially signaling less volatility for those considering agricultural investments. The slight fluctuations over the years don't show any extreme peaks or troughs, which can suggest a resilient sector. Understanding these trends could be useful for those looking to move to or invest in the area, as they present a picture of consistent agricultural activity and potential continuous support for local farming initiatives.
Number of Mortgages by Occupancy Type in Alleghany County, VA Over the Last 5 Years in Alleghany County
Alleghany County, Virginia shows a clear predominance of mortgages taken out for principal residences, with numbers peaking at 663 in 2021. Investment properties and second residences remain relatively low but stable, suggesting a cautious but present interest in non-primary residences. Changes in occupancy type might matter as they can indicate shifts in economic stability and investment confidence. For instance, a strong uptrend in principal residences can hint at a growing or stable community attractive to families, while fluctuations in investment properties could signal changing perceptions of the area's potential for rental income or property value appreciation. This nuanced understanding is crucial for investors, real estate agents, appraisers, and anyone considering moving to or developing in the area.
Economic Outlook
Alleghany County, Virginia has seen a notable upward trend in average taxable income per tax return, rising from $47,009.72 in 2013 to $56,024.96 in 2021. This increase may indicate improving economic conditions and could attract investors, real estate developers, and those evaluating the area's economic potential. Meanwhile, average state and local income taxes have also increased, climbing from $4,671.79 in 2012 to $7,577.78 in 2021, potentially suggesting rising incomes or policy shifts.... Read more
Average Taxable Income per Tax Return in Alleghany County, VA over the last 9 years
Alleghany County, Virginia has seen a general upward trend in average taxable income per tax return over the last nine years. Starting from $47,009.72 in 2013, this figure has risen to $56,024.96 by 2021. This steady increase suggests the economic conditions have possibly improved, making it an attractive consideration for potential investors, real estate developers, and insurance agents evaluating risk and market potential. The consistent rise in taxable income might also indicate growing employment opportunities and a robust business environment, making it a promising area for those considering relocation or property investment.
Average State and Local Income Taxes Per Tax Return in Alleghany County, VA Over the Last 10 Years
The average state and local income taxes per tax return in Alleghany County, Virginia, have seen a notable increase over the past decade, climbing from approximately $4,671.79 in 2012 to roughly $7,577.78 in 2021. This trend may suggest rising incomes or changes in tax policy impacting residents. For potential investors, homeowners, and real estate agents, understanding these tax trends is crucial as they could affect both the cost of living and the attractiveness of the area for new businesses and residents.
Average Total Tax Liability Per Tax Return in Alleghany County, VA Over the Last 10 Years
Over the last decade, Alleghany County, Virginia, has experienced fluctuations in average total tax liability per tax return, with values peaking in 2021 at approximately $6,891.87. Noteworthy shifts occurred in 2015 and 2018, highlighting possible economic or policy changes influencing residents' tax burdens. This evolving tax landscape may impact decisions for potential investors, property developers, and real estate agents, emphasizing the need for keen financial assessment when considering transactions in the area.
Cost of Living in Alleghany County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $928 | $1,488 | $1,681 | $980 | $1,008 |
| 1 adult 4 children | $928 | $1,215 | $1,284 | $980 | $1,095 |
| 2 adults 3 children | $928 | $1,216 | $1,459 | $980 | $820 |
| 1 adult 3 children | $928 | $992 | $1,062 | $980 | $853 |
| 2 adults 2 children | $733 | $995 | $1,237 | $846 | $726 |
| 1 adult 2 children | $733 | $743 | $840 | $846 | $634 |
| 2 adults 1 child | $733 | $786 | $1,015 | $410 | $669 |
| 1 adult 1 child | $733 | $508 | $618 | $410 | $571 |
| 2 adults | $587 | $632 | $793 | $0 | $592 |
| 1 adult | $584 | $345 | $396 | $0 | $526 |
Safety trends & Data
Over the past five years in Alleghany County, Virginia, there's been a noticeable decline in burglary arrests, dropping from 5.00 in 2018 to 1.00 in subsequent years. Larceny-theft incidents also saw a significant drop from 10.00 in 2018 to 4.00 by 2022, which could imply a safer community or more effective law enforcement. However, fraud cases have stayed relatively consistent, averaging 4.00 to 5.00 annually. Such trends might be crucial for real estate agents, investors, or residents looking... Read more
Property Crime Trends in Alleghany County, VA Over the Last 5 Years
Over the past five years in Alleghany County, Virginia, property crime trends reveal a noticeable decline in burglary arrests, from 5.00 in 2018 to just 1.00 in subsequent years. Larceny-theft incidents show a significant drop from 10.00 in 2018 to just 4.00 by 2022, reflecting a potential improvement in community safety or law enforcement efficacy. However, fraud cases have remained relatively consistent, fluctuating slightly but averaging around 4.00 to 5.00 annually. These trends can be vital for real estate agents, investors, and residents, signaling a generally safer environment but highlighting areas like fraud prevention that may need more focus.
Demographics
Alleghany County, Virginia's demographics showcase a predominantly white population with minor representation from other racial groups. The educational profile suggests a focus on high school completion, with a smaller segment pursuing higher education. Age distribution hints at an aging population, particularly among those aged 55 to 74. The balance of genders and varied educational levels could influence service demands, economic conditions, and community planning... Read more
Race Distribution in Alleghany County, Virginia (2022)
Educational Attainment in Alleghany County, Virginia (2022)
Age Distribution in Alleghany County, Virginia
Citizen Population in Alleghany County, Virginia (2022)
Political Trends & Data
In Alleghany County, Virginia, the 2020 U.S. Presidential Election highlighted a strong preference for the Republican party, which secured about 71% of the votes. This dominant support could indicate a predominantly conservative voter base, given that the Democratic party only attracted around 27% of the vote. Minor parties, including Libertarians, saw minimal traction, each pulling in less than... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Alleghany County, Virginia, the 2020 U.S. Presidential Election saw a significant leaning towards the Republican party, with approximately 71% of the votes. The Democratic party followed with around 27%, while the Libertarian party and other minor parties garnered minimal support, each receiving less than 2%. These trends could suggest a predominantly conservative voter base in this county.
71.43% of voters voted for the Republican party in the 2020 Presidential Election
27.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Alleghany County, Virginia's student-to-teacher ratio has shown notable variation, fluctuating around the national average of fourteen students per teacher. In 2022, the ratio jumped to sixteen students per teacher but decreased to around 13.67 in 2023. These shifts may indicate changes in school funding, class sizes, or educational resources, which are crucial for families prioritizing educational quality. This metric could also influence real estate values and insurance rates, making it... Read more
Student-to-teacher ratio in Alleghany County, Virginia over the last 10 years
Alleghany County, Virginia has seen its student-to-teacher ratio fluctuating around the national average of fourteen students per teacher, with notable variations over the last decade. For instance, the ratio increased prominently in 2022 to sixteen students per teacher, but it dropped back to around 13.67 in 2023. These changes could be significant for investors, real estate agents, and those considering relocating to the area, as they may reflect adjustments in school funding, class sizes, or educational resources—factors often crucial to families prioritizing educational quality. Real estate values and insurance rates can also be influenced by perceived educational quality, making these ratios particularly relevant for appraisers and insurance agents.
