Amelia County Real Estate and Livability Trends
Recent trends in Amelia County, Virginia, point to significant economic growth and evolving residential dynamics. Average taxable income per tax return surged from $47,723.53 in 2013 to $65,725.28 by 2021, and corresponding increases in state and local income taxes suggest rising living costs. Median home values climbed from $170,800 in 2015 to $233,700 in 2022, raising the area's investment... Read more
Amelia County Market Trends
Median home values in Amelia County, Virginia have risen from $170,800 in 2015 to $233,700 in 2022, presenting growth potential for buyers or investors. With the average residential energy tax credit per tax return peaking at $2,600.00 in 2021, there's been increased interest in energy-efficient properties. The rise in average real estate taxes from $1,294.74 in 2012 to $2,135.00 in 2021 could... Read more
Median Value of Occupied Housing Units in Amelia County, Virginia Over the Last 8 Years
Median home values in Amelia County, Virginia over the past eight years show a generally increasing trend, with a bump from $170,800 in 2015 to $233,700 in 2022. Despite some fluctuations, values tended to rise, making it an interesting prospect for potential buyers or investors looking at long-term appreciation. When compared to the broader state of Virginia, where the median value moved from $245,000 to $339,800, Amelia County's homes appear more affordable while still offering growth potential. Relative to the national market, where median values grew from $125,500 to $179,400, Amelia County presents a middle-ground opportunity with higher-than-average appreciation.
Residential Energy Tax Credit Per Tax Return in Amelia County, VA Over the Last 9 Years
In Amelia County, Virginia, the average residential energy tax credit per tax return has seen notable fluctuations over the past nine years. From relatively modest figures, such as $385.71 in 2013, there has been a steep increase, peaking at $2,600.00 in 2021. The sharp rise beginning in 2018 indicates a significant shift in energy-related investments or incentives, potentially attracting attention from investors, homeowners considering upgrades, and real estate agents marketing energy-efficient properties.
Average Real Estate Taxes Per Tax Return in Amelia County, VA Over the Last 10 Years
Over the past decade, Amelia County, Virginia has seen a considerable rise in average real estate taxes per tax return, jumping from $1,294.74 in 2012 to $2,135.00 in 2021. This trend could suggest increasing property values or potentially higher tax rates, which might be a double-edged sword for potential investors and homeowners. While higher assessed values could signal a robust real estate market, they could also mean higher annual costs for residents and property investors. This steady upward trajectory might be noteworthy for appraisers, insurance agents, and real estate agents evaluating the overall viability and attractiveness of the area.
Percentage of Farm Returns in Amelia County, VA Over the Last 10 Years
Over the past decade, Amelia County, Virginia has seen a decline in the percentage of farm tax returns, slipping from 5.78% in 2012 to 3.76% in 2021. This trend might hint at economic shifts, land use changes, or evolving demographics impacting agricultural business. For potential investors or property developers, it's a signal that agricultural activity might no longer be the stronghold it once was, perhaps paving the way for more residential or commercial opportunities. Concurrently, those looking to engage in farming should consider the possible hurdles in a region showing decreasing agricultural returns.
Number of Mortgages by Occupancy Type in Amelia County, VA Over the Last 5 Years in Amelia County
Over the past five years in Amelia County, Virginia, the volume of mortgages for principal residences witnessed a notable rise, peaking at 1,162 in 2021 before slightly reducing to 730 in 2022. Concurrently, investment properties saw a modest increase, largely staying around the 16 to 22 mortgage count range, while second residences remained relatively static with minimal fluctuations. These shifts in occupancy types indicate potential varying demands, influencing real estate market trends, property values, and insurance requirements. Investors and developers will likely be interested in the steady interest in principal residences, suggesting continued growth in residential real estate. Appraisers and insurance agents need to account for these trends as they reflect changing risk and value assessments in the county.
Economic Outlook
Amelia County, Virginia, has experienced a gradual increase in average taxable income per tax return, growing from $47,723.53 in 2013 to $65,725.28 by 2021. Concurrently, average state and local income taxes per tax return have risen, starting at $3,809.41 in 2012 and reaching $5,548.78 by 2021. These trends suggest economic growth but also higher living costs and potential tax implications, making it an area of interest for investors and real estate... Read more
Average Taxable Income per Tax Return in Amelia County, VA over the last 9 years
Over the past 9 years, Amelia County, Virginia, has seen a steady growth in average taxable income per tax return. In 2013, the average income was around $47,723.53, which gradually increased to approximately $65,725.28 by 2021. This upward trend could potentially indicate a healthier local economy, making it an attractive location for investors, real estate agents, and those considering relocation. However, potential tax implications should also be considered as they may impact property values and living costs.
Average State and Local Income Taxes Per Tax Return in Amelia County, VA Over the Last 10 Years
Average state and local income taxes per tax return in Amelia County, Virginia have shown a notable upward trend over the past decade. Starting at $3,809.41 in 2012, the average tax per return increased to $5,548.78 by 2021, with a peak at $5,879.07 in 2020. This steady rise could indicate economic growth or changing tax policies, making it a relevant consideration for potential residents, investors, and real estate agents evaluating the local economic landscape.
Average Total Tax Liability Per Tax Return in Amelia County, VA Over the Last 10 Years
Over the last ten years, Amelia County, Virginia has seen a noticeable upward trend in the average total tax liability per tax return. Starting at $5,610.00 in 2012, the liability has generally increased every year, reaching $8,866.03 in 2021. This pattern suggests a gradual rise in taxable income or property values, potentially indicating economic growth or inflationary pressures. For those considering investment or relocation, this could imply a strengthening local economy but also higher costs of living and property taxes. Professionals in real estate, appraisal, and insurance should take note of these trends as they may affect property valuations and client advisories.
Cost of Living in Amelia County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,438 | $1,412 | $1,575 | $1,183 | $1,382 |
| 1 adult 4 children | $1,438 | $1,153 | $1,202 | $1,183 | $1,551 |
| 2 adults 3 children | $1,438 | $1,153 | $1,368 | $1,183 | $1,159 |
| 1 adult 3 children | $1,438 | $941 | $994 | $1,183 | $1,279 |
| 2 adults 2 children | $1,113 | $944 | $1,161 | $1,025 | $947 |
| 1 adult 2 children | $1,113 | $705 | $787 | $1,025 | $968 |
| 2 adults 1 child | $1,113 | $746 | $954 | $512 | $889 |
| 1 adult 1 child | $1,113 | $482 | $580 | $512 | $798 |
| 2 adults | $985 | $599 | $747 | $0 | $785 |
| 1 adult | $964 | $327 | $373 | $0 | $704 |
Safety trends & Data
Amelia County, Virginia's property crime trends highlight fluctuating yet notably declining Motor Vehicle Theft incidents, dropping from 9.0 in 2020 to 1.0 in 2021. Larceny-Theft remains an issue despite peaking at 13.0 incidents in 2019, with 10.0 incidents persisting in recent years. Burglary incidents have decreased since their peak in 2019. Vandalism spiked in 2022 with 6.0 incidents. Understanding these trends is crucial for anyone considering investing, moving, or conducting business in... Read more
Property Crime Trends in Amelia County, VA Over the Last 5 Years
Amelia County, Virginia has seen fluctuating trends in property crime over the past five years, with notable decreases in certain areas like Motor Vehicle Theft, which plummeted from 9.0 incidents in 2020 to just 1.0 in 2021. Meanwhile, Larceny-Theft has remained a more persistent issue, peaking at 13.0 incidents in 2019 but still significant at 10.0 in subsequent years. Instances of Burglary experienced a peak in 2019 with 8.0 incidents but have since decreased. On the other hand, fraud has seen lower yet relatively consistent figures. Vandalism incidents appeared more variable but notably increased in 2022 to 6.0 incidents. Investing, moving to, or conducting business in Amelia County should consider these trends as they reflect the evolving landscape of property crime in the area.
Demographics
Amelia County, Virginia's adult population displays a near-equal gender distribution, with roughly 5,153 males and 5,288 females. The educational landscape shows a significant proportion of high school graduates, although fewer individuals possess graduate or professional degrees. Age distribution indicates a relatively mature population, with a notable number in the 55-64 age bracket. Racial demographics are predominantly White, with a smaller representation of Black or African American... Read more
Race Distribution in Amelia County, Virginia (2022)
Educational Attainment in Amelia County, Virginia (2022)
Age Distribution in Amelia County, Virginia
Citizen Population in Amelia County, Virginia (2022)
Political Trends & Data
Amelia County, Virginia, tends to lean strongly Republican, with nearly 68.3% of the vote in the recent presidential election, compared to roughly 30.5% for Democrats. Libertarians and minor parties together captured just over 1%, pointing to a largely conservative electorate. This political climate may influence local real estate trends by attracting buyers who prioritize stable, conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Amelia County, Virginia, exhibits a notable lean towards the Republican party, having captured nearly 68.3% of the vote. Democrats, while significantly trailing, secured roughly 30.5%, indicating a strong but not overwhelming Republican preference. Libertarians and other minor parties garnered a nominal portion, collectively amounting to just over 1%. This voting pattern could suggest a deeply rooted conservative inclination within the county's electorate.
68.28% of voters voted for the Republican party in the 2020 Presidential Election
30.54% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Amelia County, Virginia, the student-to-teacher ratio has fluctuated from a high of 16.91 in 2016 to a low of 14.30 in 2021, trending toward smaller class sizes in recent years. This shift potentially hints at changes in school funding, population growth, or policy adjustments. For those looking to invest or move, a lower student-to-teacher ratio could signal a more personalized educational experience, making the area more appealing to... Read more
Student-to-teacher ratio in Amelia County, Virginia over the last 10 years
Over the past decade, Amelia County, Virginia has seen a fluctuating student-to-teacher ratio, ranging from a high of 16.91 in 2016 to a low of 14.3 in 2021. While the ratio has varied, recent years show a trend toward smaller class sizes, dropping below the national average of fourteen students per teacher. Shifts in this ratio could be indicative of changes in school funding, population growth, or policy adjustments, all of which might impact the quality of education and community appeal. For investors, real estate agents, and those considering a move to the county, a lower student-to-teacher ratio may suggest a potentially more personalized educational environment, which can be a significant draw for families.
