Bath County Real Estate and Livability Trends
Bath County, Virginia's median home values have gradually climbed, hitting $184,900 in 2022—significantly lower than the state's median of $339,800, offering an attractive entry point for homebuyers. Fluctuating real estate taxes, which peaked at $5,300.00 in 2020, may reflect local policy changes or shifts in property values, affecting financial planning for homeowners. The county's adoption... Read more
Bath County Market Trends
Over the past eight years, Bath County, Virginia has seen its median home values rise, peaking at $184,900 in 2022, offering a more affordable entry point compared to the state's $339,800 median. Residential energy tax credits have jumped, indicating a growing adoption of energy-efficient upgrades that could boost property values and lower long-term costs. Real estate taxes have fluctuated... Read more
Median Value of Occupied Housing Units in Bath County, Virginia Over the Last 8 Years
Over the past eight years, Bath County, Virginia has experienced fluctuating but generally upward trends in median home values, peaking at $184,900 in 2022. While this county's values remain lower than the overall state median, which reached $339,800 in 2022, its growth rate seems to follow the national trend more closely, which also saw a significant uptick to $179,400 in the same year. Investors and homebuyers eyeing Bath County might find it appealing because of its more affordable entry point compared to the wider Virginia market, all while still experiencing steady appreciation.
Residential Energy Tax Credit Per Tax Return in Bath County, VA Over the Last 4 Years
In Bath County, Virginia, the residential energy tax credit per tax return has seen significant fluctuations over the last few years, with notable increases observed. The average credit experienced a jump from $233.33 in 2013 to $1,000.00 by 2021. This trend suggests a growing adoption of energy-efficient improvements, potentially translating into higher property values and lower long-term energy costs, which can be a key consideration for potential investors, homeowners, and real estate agents. The variability highlights a responsive local market that may encourage further investment in sustainable technologies.
Average Real Estate Taxes Per Tax Return in Bath County, VA Over the Last 10 Years
Over the last decade, Bath County, Virginia has experienced notable fluctuation in real estate taxes per tax return. After a gradual decline in the early years from $2,311.76 in 2012 to $2,076.47 in 2016, there was a significant increase in subsequent years, peaking at $5,300.00 in 2020 before adjusting to $3,557.14 in 2021. This volatility could signal changes in local government policies, property values, or both, likely impacting investment appeal and residential decision-making. For real estate professionals, investors, and residents, understanding these shifts may be crucial for future financial planning and market analysis.
Percentage of Farm Returns in Bath County, VA Over the Last 10 Years
Farm tax returns in Bath County, Virginia have hovered between 2.68% and 3.60% over the past decade. This spectrum of percentage points hints at some fluctuations, but largely a consistent level of farming activity, influenced perhaps by slight year-to-year economic or environmental changes. For potential investors, homebuyers, or those curious about the area, these figures suggest a stable agricultural presence. This stability can be seen as both a contributor to the local economy and an indicator of resilience in the farming sector, underpinning Bath County's rural character and the region's steady economic footprint.
Number of Mortgages by Occupancy Type in Bath County, VA Over the Last 5 Years in Bath County
Mortgages for principal residences in Bath County, Virginia remain consistently high, peaking in 2021, while investment properties show minimal variation over the past five years. Second residence mortgages also relatively stable, showing a moderate peak in 2021. For potential investors and real estate agents, the steady demand for primary residences indicates a stable living population, which can impact property values and rental demand. Appraisers and insurance agents might note that the low turnover in investment property mortgages could suggest long-term holds in the area. Builders and developers should consider the consistent interest in primary and secondary homes for future projects. Understanding these dynamics is crucial for all stakeholders in the real estate market in Bath County.
Economic Outlook
Bath County, Virginia has seen a steady rise in average taxable income over the past nine years, reaching a peak of $60,452.88 in 2021. This trend may indicate a strengthening local economy, making it potentially attractive for investors and developers. Meanwhile, average state and local income taxes have varied significantly, peaking at about $10,175.00 in 2020, with notable dips in certain years. These changes suggest economic variability that could impact financial planning for homeowners... Read more
Average Taxable Income per Tax Return in Bath County, VA over the last 9 years
Bath County, Virginia has experienced a steady increase in average taxable income per tax return over the past nine years, culminating in a peak value of $60,452.88 in 2021. This upward trend, despite minor fluctuations, suggests a strengthening local economy that might attract potential investors and developers. Real estate agents and appraisers may find the growing incomes indicative of a more lucrative market, while insurance agents might need to adjust premiums accordingly. For anyone considering building property or moving to Bath County, the financial health of residents appears to be improving, signaling potentially flourishing communities.
Average State and Local Income Taxes Per Tax Return in Bath County, VA Over the Last 10 Years
In Bath County, Virginia, average state and local income taxes per tax return have shown a significant upward trend over the past decade, with notable fluctuations. In 2012, the average was around $6,064.71, but by 2020, it had peaked at approximately $10,175.00. The period from 2017 to 2021 saw particularly stark changes, with a dip to $5,830.30 in 2017 followed by a sharp rise to over $10,000 just two years later. This variability likely reflects broader economic conditions and policy changes, making it crucial for prospective investors, homeowners, and local businesses to consider these dynamics when planning their financial strategies.
Average Total Tax Liability Per Tax Return in Bath County, VA Over the Last 10 Years
Over the last decade, Bath County, Virginia has seen some fluctuation in the average total tax liability per tax return, ranging from $6,136.53 in 2012 to $8,283.54 in 2021. Notable peaks occurred in 2014 and 2021, with dips in 2017 and 2018. This trend suggests variability in economic factors affecting taxpayers in the area, which could be of interest to investors and real estate professionals as they assess the financial climate. These shifts might also hint at evolving property valuations and income patterns, relevant for appraisers and insurance agents.
Cost of Living in Bath County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,052 | $1,383 | $1,681 | $1,478 | $1,263 |
| 1 adult 4 children | $1,052 | $1,130 | $1,284 | $1,478 | $1,406 |
| 2 adults 3 children | $1,052 | $1,130 | $1,459 | $1,478 | $1,042 |
| 1 adult 3 children | $1,052 | $923 | $1,062 | $1,478 | $1,164 |
| 2 adults 2 children | $795 | $925 | $1,237 | $1,281 | $890 |
| 1 adult 2 children | $795 | $691 | $840 | $1,281 | $853 |
| 2 adults 1 child | $795 | $731 | $1,015 | $641 | $775 |
| 1 adult 1 child | $795 | $472 | $618 | $641 | $682 |
| 2 adults | $637 | $587 | $793 | $0 | $629 |
| 1 adult | $590 | $320 | $396 | $0 | $549 |
Safety trends & Data
Bath County, Virginia has seen fluctuations in property crime over the past five years. Larceny-theft incidents spiked in 2020 with 6 arrests but later decreased to 5 arrests in 2021, while motor vehicle theft peaked in 2020 with 3 arrests, dropping to just 1 in 2021. Burglary cases were low, with only one arrest in 2021 and a slight increase to 2 in 2022. Vandalism arrests also rose marginally from 1 in 2019 to 2 in 2022. These trends indicate varying risks for property investors and... Read more
Property Crime Trends in Bath County, VA Over the Last 5 Years
Bath County, Virginia has experienced noticeable fluctuations in property crime over the past five years. Larceny-theft incidents spiked in 2020 with 6 arrests but saw a decrease to 5 arrests in 2021. Motor vehicle theft also peaked in 2020 with 3 arrests, lowering significantly to 1 arrest in 2021. Burglary reports were sparse, with only one arrest in 2021, increasing slightly to 2 in 2022. Vandalism arrests have been minimal but recorded a slight uptick from 1 in 2019 to 2 in 2022. The county reported diverse crime types, indicating varying risks for property investors and residents.
Demographics
Bath County, Virginia, shows a fairly balanced gender distribution with a slight majority of females. The area's educational attainment levels reveal a significant portion of adults with a high school diploma, while a smaller percentage hold graduate or professional degrees. The age distribution skews older, with notable peaks in the 55 to 64 and 65 to 74 age brackets, indicating a possibly aging population. Racially, the county is predominantly white, with minimal representation from other... Read more
Race Distribution in Bath County, Virginia (2022)
Educational Attainment in Bath County, Virginia (2022)
Age Distribution in Bath County, Virginia
Citizen Population in Bath County, Virginia (2022)
Political Trends & Data
Bath County, Virginia leans heavily Republican based on the 2020 U.S. Presidential Election results, where the GOP amassed around 73% of the vote. Democrats garnered approximately 26%, and third-party candidates had minimal impact. This could indicate a strongly conservative voter base in the area, which may influence local policy and, potentially, real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Bath County, Virginia, the 2020 U.S. Presidential Election results suggest a significant Republican preference, with the GOP capturing about 73% of the vote. Democrats trailed considerably, earning roughly 26%, while third-party candidates, including Libertarians and others, barely registered a presence. This trend might hint at a predominantly conservative electorate in the area.
73.33% of voters voted for the Republican party in the 2020 Presidential Election
25.83% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bath County, Virginia has consistently maintained a student-to-teacher ratio well below the national average, averaging around ten and dipping to nine in some years. This trend suggests a strong focus on education, which could be a selling point for prospective homebuyers and investors. It might also enhance property values and be seen as a positive attribute by real estate agents and appraisers. Lower ratios could hint at a stable, supportive community environment, potentially influencing... Read more
Student-to-teacher ratio in Bath County, Virginia over the last 9 years
Over the past nine years, Bath County, Virginia has consistently maintained a student-to-teacher ratio well below the national average of 14 students per teacher. The ratio has hovered around ten, reaching as low as nine in some years. Changes in the ratio could influence class size, potentially allowing for more individualized attention for each student. For prospective homebuyers or investors, this trend might be indicative of a community focused on education, potentially enhancing property values. Real estate agents and appraisers might also consider this a positive attribute when discussing the area's benefits, while lower ratios might impact insurance underwriting by suggesting a stable, supportive community environment.
