Augusta County Real Estate and Livability Trends
Augusta County, Virginia's real estate market has seen a notable increase in median home values, reaching $267,100 in 2022, outpacing the national median but still below the state average. This indicates strong local appreciation potential, making it appealing for buyers and investors. Additionally, significant residential energy tax credits suggest a trend toward energy-efficient home... Read more
Augusta County Market Trends
The median home value in Augusta County, Virginia has climbed to $267,100 in 2022, showcasing steady growth and outpacing the $179,400 national median, though it remains below the $339,800 state median. This suggests a strong local market with considerable appreciation potential. Residential energy tax credits per tax return have seen significant fluctuations, rising dramatically to peak at... Read more
Median Value of Occupied Housing Units in Augusta County, Virginia Over the Last 8 Years
The median home value in Augusta County, Virginia has risen steadily to $267,100 in 2022, reflecting a robust growth over the past eight years, especially when compared to the $179,400 national median and even the $339,800 state median for the same year. This data suggests a strong local market that might appeal to investors and home buyers looking for significant appreciation. Despite being lower than the Virginia state median, Augusta County's home values are trending upwards, indicating potential for continued growth and making it a compelling consideration for real estate investments.
Residential Energy Tax Credit Per Tax Return in Augusta County, VA Over the Last 9 Years
Augusta County, Virginia has seen a notable fluctuation in residential energy tax credits per tax return over the past nine years. Starting from approximately $367.47 in 2013, the average credit jumped significantly to $586.76 in 2014 and continued to rise, peaking at $4754.55 in 2018. While the credit amount decreased slightly in subsequent years, amounts have remained well above the initial 2013 levels, reaching $1943.55 in 2021. This trend may indicate rising investments in energy-efficient home improvements, which could be of interest to potential investors, real estate agents, and insurance professionals considering the county's evolving market.
Average Real Estate Taxes Per Tax Return in Augusta County, VA Over the Last 10 Years
Over the last decade, Augusta County, Virginia, saw a noticeable increase in real estate taxes per tax return, peaking at $2,512.05 in 2019. This upward trend suggests a growing investment in the local infrastructure and possibly a rise in property values. For potential investors and real estate professionals, this could be indicative of a more attractive housing market but also points to higher costs for homeowners and builders. The steady rise, despite a slight dip in 2021 to $2,482.59, may reflect economic changes impacting property taxes.
Percentage of Farm Returns in Augusta County, VA Over the Last 10 Years
Augusta County's farm tax return percentages over the last decade indicate a slight, gradual decline, with figures hovering around 4.38% in 2012 and tapering to around 3.75% by 2021. These farm tax returns essentially reflect the income generated from agricultural activities, offering key insights into the area's economic vitality and potential for growth. Investors, developers, and those interested in property opportunities might find this trend significant, as it hints at changing agricultural productivity or shifts in economic focus within Augusta County, Virginia. The consistent, though modest, decrease could influence decisions related to land use, investment in agribusiness, or even residential development in the region.
Number of Mortgages by Occupancy Type in Augusta County, VA Over the Last 5 Years in Augusta County
Over the last five years in Augusta County, Virginia, the number of mortgages for principal residences significantly outnumbers those for second residences and investment properties. Interestingly, there's been a spike in principal residence mortgages from 2018 to 2021, peaking in 2021, likely reflecting a strong housing demand or favorable loan conditions during this period. Second residences and investment properties have remained fairly stable, with minor fluctuations. Changes in occupancy type are pivotal for investors and real estate agents as they highlight shifts in housing market dynamics—strong principal residence growth can indicate a thriving, stable community, whereas consistent investment property numbers may signal solid rental market opportunities. For insurance agents and appraisers, the types of occupancy inform risk assessments and property valuations accurately.
Economic Outlook
Augusta County, Virginia has seen a consistent upward trend in average taxable income per tax return over the past nine years, growing nearly 42% from $50,482.46 in 2013 to $71,389.25 in 2021. This growth reflects potential economic development, making the area attractive for investors and those considering moving or building property. Concurrently, a steady increase in average state and local income taxes, especially a notable jump since 2018, could impact financial planning and property... Read more
Average Taxable Income per Tax Return in Augusta County, VA over the last 9 years
Augusta County, Virginia has seen a consistent upward trend in average taxable income per tax return over the past nine years. Starting from $50,482.46 in 2013 and rising steadily to $71,389.25 in 2021, this growth reflects a nearly 42% increase. These rising income levels could be indicative of economic development in the area, making it potentially attractive for investors, real estate agents, and those looking to move or build property. For appraisers and insurance agents, this trend likely means higher property values and potentially different risk profiles.
Average State and Local Income Taxes Per Tax Return in Augusta County, VA Over the Last 10 Years
Over the last decade, Augusta County, Virginia has seen a steady increase in average state and local income taxes per tax return, escalating from approximately $4,311.37 in 2012 to around $11,073.21 in 2021. Notably, there was a sharp uptick beginning in 2018, with taxes jumping to $7,218.53 and peaking further in subsequent years. This trend may prove critical for potential investors, property builders, and residents who should consider its potential impact on financial planning and property appraisals.
Average Total Tax Liability Per Tax Return in Augusta County, VA Over the Last 10 Years
Over the last decade, average total tax liability per tax return in Augusta County, Virginia has generally been on an upward trajectory, peaking sharply at $10,280.16 in 2021. This growing trend, especially the notable jump in recent years, might suggest an expanding local economy or changes in tax policies affecting residents. For potential investors or real estate professionals, this rise could signal both the increasing prosperity and potential costs associated with owning property in this area.
Cost of Living in Augusta County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,437 | $1,440 | $1,549 | $1,648 | $1,474 |
| 1 adult 4 children | $1,437 | $1,176 | $1,182 | $1,648 | $1,642 |
| 2 adults 3 children | $1,437 | $1,176 | $1,346 | $1,648 | $1,248 |
| 1 adult 3 children | $1,437 | $960 | $978 | $1,648 | $1,413 |
| 2 adults 2 children | $1,030 | $963 | $1,142 | $1,435 | $990 |
| 1 adult 2 children | $1,030 | $719 | $775 | $1,435 | $1,025 |
| 2 adults 1 child | $1,030 | $761 | $939 | $743 | $884 |
| 1 adult 1 child | $1,030 | $492 | $571 | $743 | $777 |
| 2 adults | $863 | $611 | $735 | $0 | $692 |
| 1 adult | $858 | $333 | $368 | $0 | $630 |
Safety trends & Data
Augusta County, Virginia has seen fluctuating property crime rates, with larceny-theft as the most frequent crime, peaking at 142 cases in 2018 before generally declining. Burglary incidents decreased and stabilized in the low twenties by 2020. Motor vehicle thefts remained low but experienced a slight increase to 13 cases in 2021. Fraud cases reached a high of 51 in 2019 but then decreased. Notably, vandalism spiked in 2021 but dropped significantly in 2022. These trends might hint at evolving... Read more
Property Crime Trends in Augusta County, VA Over the Last 5 Years
Augusta County, Virginia has experienced fluctuating property crime rates over the past five years. Larceny-theft consistently remained the highest reported crime, peaking at 142 cases in 2018 but then showing a general decline. Burglary incidents decreased from 2018 to 2020, before stabilizing around the low twenties. Motor vehicle thefts were relatively low throughout, though there was a slight spike in 2021 with 13 cases. Fraud cases varied, reaching a high of 51 in 2019 and then tapering off. Interestingly, vandalism saw a notable increase in 2021 before plummeting in 2022. For investors and professionals, these trends could signal shifts in community safety measures or economic conditions that might affect property values and insurance rates.
Demographics
Augusta County, Virginia, shows a slight male majority among adults. Educational attainment varies widely, with the largest group being high school graduates, while those with advanced degrees represent a more modest segment. Age distribution leans towards middle-aged and older adults, particularly those between 55 and 64 years. The racial composition is predominantly White, making up a significant majority of the... Read more
Race Distribution in Augusta County, Virginia (2022)
Educational Attainment in Augusta County, Virginia (2022)
Age Distribution in Augusta County, Virginia
Citizen Population in Augusta County, Virginia (2022)
Political Trends & Data
Augusta County, Virginia, saw a strong Republican presence in the 2020 U.S. Presidential Election, with roughly 73% of the votes. Democrats gathered around 26%, and Libertarians managed a bit over 1%. This conservative tendency might shape future elections and policy directions, indicating the area's political climate could play a role in local governance and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Augusta County, Virginia, the 2020 U.S. Presidential Election leaned heavily Republican, with approximately 73% of the vote. Democrats garnered around 26%, while Libertarians captured just over 1%. No significant support was shown for Green or other minor parties. This trend suggests Augusta County tends to favor conservative candidates, reflecting broader political preferences that could influence future elections and policy decisions in the area.
72.65% of voters voted for the Republican party in the 2020 Presidential Election
25.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Augusta County, Virginia's student-to-teacher ratio has stayed relatively stable, ranging from 13 in 2022 to 14 in 2019, which is just below the national average of 14 students per teacher. This could appeal to families looking for more personalized education for their children and may draw homebuyers, thereby influencing property values. Real estate agents, investors, insurance agents, and appraisers might find this information useful in assessing the area's... Read more
Student-to-teacher ratio in Augusta County, Virginia over the last 10 years
Augusta County, Virginia has seen a relatively stable student-to-teacher ratio over the past decade, fluctuating from a low of 13 in 2022 to a high of 14 in 2019. This suggests a balanced classroom environment slightly better than the current national average of 14 students per teacher. For families considering a move, this could indicate a more personalized education experience for their children. Investors and real estate agents might view this as a potential draw for prospective homebuyers. For insurance agents and appraisers, understanding these educational trends can help in assessing the area’s appeal and the accompanying property values.
