Amherst County Real Estate and Livability Trends
Amherst County, Virginia is experiencing steady growth in average taxable income, reaching $57,621.58 in 2021, indicating a potentially strong local economy and rising demand for real estate. Median home values have climbed moderately from $150,100 in 2015 to $181,600 in 2022, signaling stable investment opportunities. Property taxes have increased, possibly reflecting higher demand or... Read more
Amherst County Market Trends
Amherst County, Virginia has seen a fairly moderate rise in median home values from $150,100 in 2015 to $181,600 in 2022, distinguishing itself as a more stable investment area compared to the state and nation. Real estate taxes have also been trending upward, from $1,255.29 in 2012 to $2,038.60 in 2021, potentially pointing to higher demand or increased property values. Residential energy tax... Read more
Median Value of Occupied Housing Units in Amherst County, Virginia Over the Last 8 Years
Amherst County, Virginia has experienced a relatively moderate increase in median home values over the past eight years, with a rise from $150,100 in 2015 to $181,600 in 2022. This trajectory, though gradual, contrasts sharply with the statewide surge from $245,000 to $339,800 and even outpaces the national trend, which saw median values climb from $125,500 to $179,400 during the same period. This steady growth in Amherst County could signify a more stable investment environment compared to the highly fluctuating housing markets in other parts of Virginia and the broader U.S. Buyers and investors might see Amherst County as an appealing option for stable housing market performance.
Residential Energy Tax Credit Per Tax Return in Amherst County, VA Over the Last 9 Years
Amherst County, Virginia has seen significant fluctuation in average residential energy tax credits per tax return over the past nine years. From a low of $344.83 in 2013 to a high of $2,050.00 in 2018, the trend seems to indicate growing investment in energy-efficient home improvements. This volatility suggests that incentives or energy costs could be influencing homeowner decisions, posing both opportunities and risks for potential investors and property developers. Appraisers and real estate agents may find this trend indicative of an increasing valuation for energy-efficient properties in the area.
Average Real Estate Taxes Per Tax Return in Amherst County, VA Over the Last 10 Years
Real estate taxes per tax return in Amherst County, Virginia, have steadily increased over the past decade, moving from approximately $1,255.29 in 2012 to around $2,038.60 in 2021. This upward trend could indicate a growing demand or increasing property values, factors which might interest potential investors and real estate agents. For those considering moving to or developing property in the county, the rise in taxes could reflect broader economic or infrastructural developments. It’s a key factor that appraisers and insurance agents might want to consider when assessing property values or coverage requirements.
Percentage of Farm Returns in Amherst County, VA Over the Last 10 Years
Over the past decade, Amherst County, Virginia has seen a relatively stable percentage of farm tax returns, hovering mostly between 2.3% and 2.7%. Farm tax returns indicate the portion of tax filings representing agricultural income, reflecting the economic health of farming activity in the area. For potential investors and residents, this consistency suggests a dependable agricultural sector, albeit not one experiencing significant growth. This stability could be appealing for those looking to build or invest in agricultural ventures, ensuring a steady economic foundation in farming.
Number of Mortgages by Occupancy Type in Amherst County, VA Over the Last 5 Years in Amherst County
Over the past five years, the majority of mortgage transactions in Amherst County, Virginia, have been for principal residences, indicating a strong local demand for primary housing. By contrast, investment properties and second residences have accounted for a smaller, relatively stable portion of the mortgage market. This trend could hint at limited interest in the county for secondary homes and investment opportunities, factors worth considering for potential investors and real estate developers. For appraisers and insurance agents, understanding these occupancy patterns can help assess property values and risks more accurately. The evident and steady decline in principal residence mortgages between 2021 and 2022 might also signal shifts in the local housing market, economic conditions, or demographic changes that could impact future property developments and insurance premiums.
Economic Outlook
Amherst County, Virginia, has seen a steady increase in average taxable income per tax return, hitting $57,621.58 in 2021. This upward trend suggests a growing local economy, potentially boosting demand for real estate investments. The average state and local income taxes have also risen, from $3,956.57 in 2012 to $6,391.38 in 2021, marking a notable increase in residents' tax burden. Additionally, average total tax liabilities per return climbed from $5,571.46 in 2012 to $6,980.94 in 2021,... Read more
Average Taxable Income per Tax Return in Amherst County, VA over the last 9 years
Over the past nine years, Amherst County, Virginia has shown a steady increase in average taxable income per tax return, culminating in an amount of $57,621.58 in 2021. This upward trend is likely of interest to potential investors and real estate agents, as the growing taxable income might indicate a flourishing local economy and an evolving housing market. Developers and builders might see this as a signal that there could be a rising demand for residential or commercial properties. Additionally, appraisers and insurance agents could find this data useful for assessing property values and premiums more accurately.
Average State and Local Income Taxes Per Tax Return in Amherst County, VA Over the Last 10 Years
Over the last decade, Amherst County, Virginia has seen a steady increase in average state and local income taxes per tax return. In 2012, the average was approximately $3,956.57, but by 2021, it had climbed to around $6,391.38. This trend suggests a notable rise in the tax burden for residents, which could be of interest to potential homebuyers, real estate agents, and financial planners. The significant spike starting from 2018, when taxes surged to $5,090.00 and beyond, could indicate broader economic factors at play, potentially influencing appraisals, property investments, and insurance considerations in the area.
Average Total Tax Liability Per Tax Return in Amherst County, VA Over the Last 10 Years
Amherst County, Virginia has experienced a steady increase in average total tax liability per tax return over the last decade, rising from $5,571.46 in 2012 to $6,980.94 in 2021. Notably, years 2018 and 2019 showed slight dips, but the trend quickly rebounded, with a significant jump from 2020 to 2021. This upward trend could suggest a rise in incomes or property values in the area, making it an enticing point of interest for potential investors, real estate professionals, appraisers, and insurance agents.
Cost of Living in Amherst County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,107 | $1,359 | $1,628 | $1,283 | $1,145 |
| 1 adult 4 children | $1,107 | $1,110 | $1,242 | $1,283 | $1,273 |
| 2 adults 3 children | $1,107 | $1,110 | $1,413 | $1,283 | $938 |
| 1 adult 3 children | $1,107 | $907 | $1,028 | $1,283 | $1,045 |
| 2 adults 2 children | $814 | $909 | $1,199 | $1,102 | $804 |
| 1 adult 2 children | $814 | $679 | $814 | $1,102 | $773 |
| 2 adults 1 child | $814 | $718 | $985 | $512 | $731 |
| 1 adult 1 child | $814 | $464 | $600 | $512 | $627 |
| 2 adults | $717 | $577 | $771 | $0 | $631 |
| 1 adult | $705 | $315 | $385 | $0 | $572 |
Safety trends & Data
Amherst County, Virginia has had fluctuating property crime rates, particularly in larceny-theft, which peaked at 82 cases in 2021 before dropping to 55 in 2022. Burglary rates have been stable but did see a spike to 8 cases in 2020. Fraud cases notably rose to 17 in 2022 from just 4 in 2020, and vandalism incidents increased to 12 in 2022. These crime trends might be areas of concern for investors, property developers, and real estate professionals assessing the safety and security dynamics... Read more
Property Crime Trends in Amherst County, VA Over the Last 5 Years
Amherst County, Virginia has seen fluctuating property crime rates over the past five years, with larceny-theft consistently being the most common offense, peaking at 82 occurrences in 2021 before dropping to 55 in 2022. The incidence of burglary has been relatively stable, although there was a noticeable increase to 8 cases in 2020. Notably, fraud cases saw a significant rise to 17 in 2022 from a low of 4 in 2020. Vandalism incidents have also trended upwards, reaching 12 in 2022. These trends suggest potential areas of concern for investors, property developers, and real estate professionals considering the safety and security dynamics within the county.
Demographics
Amherst County, Virginia, shows a diverse demographic landscape with a slight female majority. Most adults have at least a high school diploma, though almost a tenth still lack a high school education. In terms of age, the population skews slightly older, with a significant number of residents over age 55. Racially, the county is predominantly White, but there is notable representation from Black or African American communities. These trends may reflect broader shifts in aging populations and... Read more
Race Distribution in Amherst County, Virginia (2022)
Educational Attainment in Amherst County, Virginia (2022)
Age Distribution in Amherst County, Virginia
Citizen Population in Amherst County, Virginia (2022)
Political Trends & Data
Amherst County, Virginia has shown a clear Republican preference in the 2020 U.S. Presidential Election, suggesting a conservative leaning. Democrats held a smaller but notable portion of the vote, indicating some presence, while third-party candidates barely made a dent. This pattern points to a strong two-party system with limited support for alternatives, reflecting local political priorities and possibly influencing other community decisions, like real estate trends and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Amherst County, Virginia, the 2020 U.S. Presidential Election results show a clear inclination towards the Republican party, which may suggest a conservative leaning in this region. Democrats captured a smaller, yet significant portion of the vote, indicating a presence but less dominance. Third-party candidates received minimal support, highlighting a typical two-party preference with limited traction for alternative options. This voting pattern could reflect the broader political landscape and voter priorities in Amherst County.
64.93% of voters voted for the Republican party in the 2020 Presidential Election
33.35% of voters voted for the Democrat party in the 2020 Presidential Election
1.48% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Amherst County, Virginia, has seen varying student-to-teacher ratios over the past decade, peaking at nearly 17 students per teacher in 2021 and dropping to about 12 in 2023. The county's recent trend toward smaller class sizes, compared to the national average of around 14, could be compelling for families prioritizing educational quality and for investors eyeing areas with robust educational support. This shift may also attract appraisers and real estate agents as they assess the county's... Read more
Student-to-teacher ratio in Amherst County, Virginia over the last 10 years
Over the past decade, Amherst County, Virginia has experienced varying student-to-teacher ratios, ranging from a high of nearly 17 students per teacher in 2021 to a low of roughly 12 in 2023. While the fluctuations may influence decisions for educators and school planners, the overall trend suggests a focus on smaller class sizes that often translates to more personalized instruction, which is particularly compelling since the current national average hovers around 14. This could be appealing for families considering relocating for better educational opportunities or for investors looking to build in regions with strong educational support systems. Repairs in teacher-to-student ratios might also interest appraisers and real estate agents as they gauge the attractiveness of the county for potential homebuyers.
