Bland County Real Estate and Livability Trends
Bland County, Virginia, is seeing intriguing economic indicators that could entice investors and new residents. Median home values here peaked at a modest $132,500, significantly lower than the state median of $339,800, making the area a cost-effective market. Economic growth is suggested by a rise in average taxable income from $44,499.62 in 2013 to $58,404.03 in 2021, alongside an increase in... Read more
Bland County Market Trends
Median home values in Bland County, Virginia have seen a mixed yet encouraging trend over the past eight years, peaking at $132,500. Bland County homes remain significantly more affordable compared to Virginia's median value of $339,800 in 2022, indicating a cost-effective market worth considering. Residential energy tax credits have surged, reaching $950.00 in 2021, hinting at rising investments... Read more
Median Value of Occupied Housing Units in Bland County, Virginia Over the Last 8 Years
Median home values in Bland County, Virginia have shown a mixed yet promising trend over the past eight years, peaking at $132,500 in 2022. Compared to the national median value which hit $179,400 the same year, Bland County homes remain significantly more affordable. However, the most compelling comparison is with the state of Virginia, where the median value soared to $339,800 in 2022, emphasizing Bland County's position as an attractive market for affordable housing within the state. For investors, builders, and potential homebuyers, Bland County offers a cost-effective yet appreciating property market worth considering, especially given its steadier growth compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Bland County, VA Over the Last 5 Years
Residential energy tax credits in Bland County, Virginia have shown substantial fluctuations over the past five years, suggesting a potentially increasing investment in energy-efficient home improvements. In 2013, the average credit per tax return was about $233.33 and saw a gradual rise, peaking at approximately $333.33 in 2015. Although there was a slight dip to $300.00 in 2016, a significant surge occurred by 2021, with the credit rocketing to $950.00. For potential investors, homeowners, and professionals in the real estate or home insurance sectors, this spike might indicate heightened local initiatives towards sustainability or changes in tax incentives, which could impact property values and insurance premiums.
Average Real Estate Taxes Per Tax Return in Bland County, VA Over the Last 10 Years
Average real estate taxes per tax return in Bland County, Virginia have shown a notable upward trend over the past decade. Starting at $1,324.32 in 2012, the value fluctuated but generally increased, peaking at $2,128.57 in 2019. This rise could be consequential for those considering investing in or moving to Bland County, as higher taxes may reflect increased property values or changes in local tax policies. The significant jump between 2016 and 2019 suggests potential underlying economic or policy shifts that might be important for stakeholders to investigate further.
Percentage of Farm Returns in Bland County, VA Over the Last 10 Years
Bland County, Virginia has shown a fairly stable percentage of farm tax returns over the past ten years, averaging around 11.00%. In recent years, there's been a slight decline, with 2020 hitting around 9.46%, but it rebounded to 10.04% in 2021. Farm tax returns generally provide an indicator of agricultural activity and economic health in rural areas, and these metrics could suggest Bland County remains largely consistent in farming pursuits despite minor fluctuations, making it potentially appealing for those interested in agricultural investments or rural living.
Number of Mortgages by Occupancy Type in Bland County, VA Over the Last 5 Years in Bland County
Over the last five years in Bland County, Virginia, there has been a noticeable steadiness in investment property mortgages, while principal residence mortgages saw a small fluctuation with an apparent peak in 2020. Second residence mortgages also presented slight variability but remained generally low. Shifts in occupancy types could influence local market dynamics, with steady investment property interest suggesting stable rental opportunities. Understanding these trends is crucial for investors, potential homebuyers, insurers, developers, and real estate professionals as it informs risk assessments, market potential, and strategic planning in Bland County.
Economic Outlook
Bland County, Virginia, has seen a steady rise in average taxable income per tax return, jumping from $44,499.62 in 2013 to $58,404.03 in 2021. This upward trend hints at a growing economic base, which can be enticing to investors and new residents. Coupled with an increase in state and local income taxes from $6,166.67 in 2018 to $8,942.86 in 2021, these metrics suggest underlying economic shifts and potential growth opportunities. Fluctuations in total tax liability, particularly the rise to... Read more
Average Taxable Income per Tax Return in Bland County, VA over the last 9 years
Bland County, Virginia has experienced a steady increase in average taxable income per tax return over the past nine years. From $44,499.62 in 2013 to $58,404.03 in 2021, the upward trend suggests a potentially growing economic base which might attract investors and new residents. For appraisers and insurance agents, this steady rise in taxable income could imply increased home values and potentially higher demand for services. Real estate agents and property developers might see this as a positive indicator for market growth and stability.
Average State and Local Income Taxes Per Tax Return in Bland County, VA Over the Last 10 Years
Over the past decade, Bland County, Virginia has experienced a notable increase in average state and local income taxes per tax return, particularly from 2015 onwards. The surge, especially from 2018 to 2021 where amounts jumped from $6,166.67 to $8,942.86, seems indicative of underlying economic shifts. This is crucial information for potential investors, real estate agents, and local planners who may use these insights to gauge financial health, resident income levels, or planning tax-based projects. The data can also assist insurance agents in assessing the economic stability and risk factors for policyholders in the area.
Average Total Tax Liability Per Tax Return in Bland County, VA Over the Last 10 Years
Bland County, Virginia, has seen fluctuations in the average total tax liability per tax return over the past decade. Notable is the upward trend from 2018, with a sharp increase to $7,337.69 in 2021, suggesting economic growth or shifts in taxable income. This upward trajectory might be of interest to potential investors and real estate professionals as it indicates a possible rise in affluence or changes in tax policy impacting disposable incomes.
Cost of Living in Bland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,127 | $1,339 | $1,512 | $997 | $1,045 |
| 1 adult 4 children | $1,127 | $1,094 | $1,154 | $997 | $1,171 |
| 2 adults 3 children | $1,127 | $1,094 | $1,313 | $997 | $864 |
| 1 adult 3 children | $1,127 | $893 | $955 | $997 | $943 |
| 2 adults 2 children | $793 | $896 | $1,114 | $871 | $731 |
| 1 adult 2 children | $793 | $669 | $756 | $871 | $662 |
| 2 adults 1 child | $793 | $708 | $915 | $461 | $689 |
| 1 adult 1 child | $793 | $457 | $557 | $461 | $607 |
| 2 adults | $636 | $569 | $716 | $0 | $599 |
| 1 adult | $588 | $310 | $358 | $0 | $527 |
Safety trends & Data
Larceny-theft in Bland County, Virginia, spiked from 3.0 cases in 2018 to 10.0 in 2020 but leveled off to 6.0 by 2022. Burglary incidents saw a rise, reaching 3.0 each year in 2021 and 2022. Additionally, 2020 saw the introduction of forgery, counterfeiting, and fraud with steady, albeit low, occurrences. These crime rate trends could influence property appraisals, insurance premiums, and overall market... Read more
Property Crime Trends in Bland County, VA Over the Last 5 Years
Over the last five years, Bland County, Virginia has seen varied trends in property crime. Notably, larceny-theft has increased significantly from 3.0 cases in 2018 to a peak of 10.0 in 2020, though it somewhat leveled off to 6.0 by 2022. Burglary incidents also showed a notable rise in 2021 and 2022, reaching 3.0 each year. Additionally, 2020 marked the introduction of forgery, counterfeiting, and fraud into the crime mix with steady, albeit low, occurrences. Those interested in the property market should consider these fluctuating crime rates, as they potentially impact appraisals, insurance premiums, and overall desirability.
Demographics
Bland County, Virginia shows a notable gender imbalance, with a male population outnumbering females significantly. Educational attainment levels feature a high school education as most common, although substantial portions have pursued some college or attained an associate's degree. Younger individuals under 35, particularly those between 25 to 44 years, form a meaningful demographic group, indicating potential workforce readiness and economic contribution. The racial composition leans heavily... Read more
Race Distribution in Bland County, Virginia (2022)
Educational Attainment in Bland County, Virginia (2022)
Age Distribution in Bland County, Virginia
Citizen Population in Bland County, Virginia (2022)
Political Trends & Data
Bland County, Virginia, displayed a robust Republican preference in the 2020 U.S. Presidential Election, with about 83% of voters supporting the Republican candidate. The Democratic candidate garnered just over 15% of the vote, while minor parties collectively received less than 2%. This notable gap may offer insights into the county's political inclinations and voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bland County, Virginia, exhibited a strong Republican lean in the 2020 U.S. Presidential Election, with approximately 83% of the vote going to the Republican candidate. In contrast, the Democratic candidate received just over 15% of the vote, while other parties, including the Libertarian party, captured less than 2% collectively. This significant disparity may reflect the county’s political landscape and voter preferences.
83.44% of voters voted for the Republican party in the 2020 Presidential Election
15.29% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bland County, Virginia's student-to-teacher ratio has varied significantly over the past decade, peaking above the national average of 14, with recent highs just over 16 students per teacher. In 2022, the ratio dropped to approximately 8 students per teacher, indicating potential anomalies like staffing changes or enrollment shifts. These fluctuations might influence investment decisions, reflecting resource strain or community development trends. Real estate agents and prospective residents... Read more
Student-to-teacher ratio in Bland County, Virginia over the last 10 years
Over the past decade, Bland County, Virginia's student-to-teacher ratio has fluctuated, peaking at just over 16 students per teacher in recent years, which surpasses the national average of 14. Notably, 2022 saw an unusually low ratio of approximately 8 students per teacher, suggesting potential anomalies such as staffing changes or enrollment shifts. These variations could affect investment decisions, with higher ratios potentially indicating resource strain. Real estate agents and those looking to move might also find the data useful to understand local school crowding trends, which can influence property values and desirability. For appraisers and insurance agents, these dynamics might hint at community development and associated risks.
