Brunswick County Real Estate and Livability Trends
In Brunswick County, Virginia, home values have steadily risen from $105,200 in 2015 to $127,000 in 2022, positioning it as a more budget-friendly market compared to state and national averages. This uptick, coupled with increased real estate taxes from $1,376.03 in 2012 to $2,031.03 in 2021, suggests growing property demand and rising valuations, potentially attracting investors and homebuyers... Read more
Brunswick County Market Trends
Brunswick County, Virginia has experienced a steady rise in home values over eight years, growing from $105,200 in 2015 to $127,000 in 2022, offering a more budget-friendly market compared to state and national averages. The average residential energy tax credit has fluctuated, peaking at $1,100.00 in 2018, hinting at possible policy influences and homeowner interest in energy efficiency. Real... Read more
Median Value of Occupied Housing Units in Brunswick County, Virginia Over the Last 8 Years
Brunswick County, Virginia has seen a steady increase in median home values over the last eight years, rising from $105,200 in 2015 to $127,000 in 2022. Despite this growth, Brunswick County remains significantly more affordable than both the state of Virginia and the national averages, which reached $339,800 and $179,400 respectively in 2022. This affordability might appeal to investors and new residents looking for lower entry points in the real estate market while still being part of a state with robust growth trends.
Residential Energy Tax Credit Per Tax Return in Brunswick County, VA Over the Last 9 Years
Over the last nine years, Brunswick County, Virginia has seen a notable variance in the average residential energy tax credit per tax return. Starting at $363.16 in 2013, there was a steady increase with peaks at $600.00 in 2017 and a significant $1,100.00 in 2018. This surge could suggest investment-friendly policies and a rising interest in energy-efficient home improvements among residents. The fluctuations, including a slight decline to $1,047.06 in 2021, might also reflect changes in federal and local incentive structures or shifts in homeowner priorities. Potential investors or builders looking to align with these trends may want to consider incorporating energy-efficient solutions to capitalize on possible tax benefits and market interest.
Average Real Estate Taxes Per Tax Return in Brunswick County, VA Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Brunswick County, Virginia, have shown a noticeable upward trend. Starting in 2012 at approximately $1,376.03, taxes have steadily increased, reaching about $2,031.03 in 2021. Significant jumps are visible around 2018, where taxes leapt from $1,565.45 in 2017 to $1,900.00, and this upward trajectory continued into 2021. This trend suggests a growing valuation and potential increase in property demand, making Brunswick County an intriguing area for real estate investors and developers seeking growth opportunities.
Percentage of Farm Returns in Brunswick County, VA Over the Last 10 Years
Over the past decade, Brunswick County, Virginia has seen a modest yet noticeable decline in the percentage of farm tax returns. Beginning at approximately 3.71% in 2012, this figure has gradually decreased each year, dipping to around 2.51% by 2021. Farm tax returns, which essentially quantify the number of tax declarations filed by farm operators, offer a lens into the agricultural activity within the county. This downward trend could imply a shift away from farming or consolidation of smaller farms into larger operations. For investors, developers, or potential residents, these changes might signal evolving economic opportunities or shifts in land use within the county.
Number of Mortgages by Occupancy Type in Brunswick County, VA Over the Last 5 Years in Brunswick County
In Brunswick County, Virginia, mortgage trends over the past five years reveal shifts in the types of properties people are financing. Principal residences consistently make up the majority of mortgages, peaking at 555 in 2021, while investment property and second residence mortgages exhibit more modest, though somewhat stable, figures. Occupancy type shifts matter because they indicate changing demands—principal residences suggest a growing local population and community investment, while investment properties and second residences point to the county's appeal as a location for future income generation and recreation. These trends could influence property values, local services demand, insurance rates, and attractiveness for new developments, making it essential for investors, appraisers, insurance agents, and real estate professionals to closely monitor these dynamics.
Economic Outlook
In Brunswick County, Virginia, the average taxable income per tax return has risen from $39,369.20 in 2013 to $52,084.87 in 2021, hinting at a strengthening local economy. The general uptick in state and local income taxes, from $3,327.13 in 2012 to $4,600.00 in 2021, suggests a correlated growth in local revenue. This could be essential for investors and real estate professionals, potentially reflecting or enabling community developments. Additionally, the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Brunswick County, VA over the last 9 years
Brunswick County, Virginia has seen a consistent rise in average taxable income per tax return over the last nine years, climbing from approximately $39,369.20 in 2013 to around $52,084.87 in 2021. This trend suggests a strengthening local economy, which could make Brunswick County more attractive to investors, builders, and those considering moving to the area. Increased taxable incomes often reflect improving job markets and robust economic growth, factors that might interest appraisers, insurance agents, and real estate professionals alike.
Average State and Local Income Taxes Per Tax Return in Brunswick County, VA Over the Last 10 Years
Over the past decade, Brunswick County, Virginia, has seen a general uptick in state and local income taxes per tax return, increasing from around $3,327.13 in 2012 to $4,600.00 in 2021. This steady rise, with noticeable peaks in 2018 and 2020 at $4,541.30 and $4,913.51 respectively, indicates higher tax burdens that could impact cost of living. For investors and real estate agents, this trend might suggest a correlated growth in local revenue, potentially reflecting or enabling community developments. Insurance agents and appraisers would also find these dynamics relevant, as changing tax rates could imply economic shifts affecting property values and insurance premiums.
Average Total Tax Liability Per Tax Return in Brunswick County, VA Over the Last 10 Years
Over the past decade in Brunswick County, Virginia, there's been a notable upward trend in the average total tax liability per tax return, starting from around $4,758.43 in 2012 and reaching approximately $6,660.12 in 2021. The most significant increase appears to have occurred between 2019 and 2021, where tax liabilities grew by over $1,100. This could suggest changes in income levels, tax rates, or even shifts in the economic landscape of the county, potentially impacting decisions for investors, real estate agents, and property developers.
Cost of Living in Brunswick County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,104 | $1,355 | $1,681 | $938 | $1,044 |
| 1 adult 4 children | $1,104 | $1,107 | $1,284 | $938 | $1,153 |
| 2 adults 3 children | $1,104 | $1,107 | $1,459 | $938 | $857 |
| 1 adult 3 children | $1,104 | $904 | $1,062 | $938 | $889 |
| 2 adults 2 children | $793 | $906 | $1,237 | $820 | $711 |
| 1 adult 2 children | $793 | $677 | $840 | $820 | $650 |
| 2 adults 1 child | $793 | $716 | $1,015 | $436 | $691 |
| 1 adult 1 child | $793 | $463 | $618 | $436 | $603 |
| 2 adults | $602 | $575 | $793 | $0 | $594 |
| 1 adult | $588 | $314 | $396 | $0 | $533 |
Safety trends & Data
Property crime trends in Brunswick County, Virginia, reveal fluctuating patterns over the past five years. The peak of burglary incidents was at 6.00 in 2021, despite a notable drop to 1.00 in both 2019 and 2022. Larceny-theft cases spiked to 9.00 in 2020 before decreasing, while fraud cases gradually increased, reaching 4.00 in 2022. Vandalism incidents have generally decreased, highlighting the need for ongoing crime monitoring and adaptive security for investors, builders, and... Read more
Property Crime Trends in Brunswick County, VA Over the Last 5 Years
Property crime trends in Brunswick County, Virginia, over the last five years show varying patterns. From 2018 to 2022, burglary incidents fluctuated, peaking at 6.0 in 2021 after dropping to 1.0 in 2019 and 2022. Larceny-theft cases spiked in 2020 with 9.0 incidents and subsequently decreased. Fraud cases saw a gradual increase, hitting 4.0 in 2022. Meanwhile, vandalism incidents have generally decreased over the years. For potential investors, builders, and residents, these trends suggest periodic shifts in property crime rates, emphasizing the importance of continual monitoring and adaptive security measures.
Demographics
Brunswick County, Virginia reveals an interesting gender disparity, with a higher male population compared to females. Educational attainment shows a significant portion of residents have at least a high school diploma, but fewer hold higher education degrees. The age distribution is weighted towards older age groups, suggesting an aging population that could impact future community planning. Racially, the county has a larger Black or African American population compared to Whites, which may... Read more
Race Distribution in Brunswick County, Virginia (2022)
Educational Attainment in Brunswick County, Virginia (2022)
Age Distribution in Brunswick County, Virginia
Citizen Population in Brunswick County, Virginia (2022)
Political Trends & Data
In Brunswick County, Virginia, recent elections leaned significantly toward the Democratic side, with around 57% of the vote compared to the Republican’s 42%. The minuscule support for Libertarian and other minor parties points to a strong two-party system in voter preferences, hinting at a relatively stable Democratic inclination in the current political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Brunswick County, Virginia, the Democratic candidate appeared to capture a significant portion of the vote with around 57%, while the Republican contender seemed to gather approximately 42%. Libertarians and other minor parties collectively garnered less than 1% of the vote, indicating an overwhelmingly two-party system in local preferences. This trend could suggest a fairly stable Democratic leaning for the county in this election cycle.
42.24% of voters voted for the Republican party in the 2020 Presidential Election
57.27% of voters voted for the Democrat party in the 2020 Presidential Election
0.43% of voters voted for the Livertarian party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Brunswick County, Virginia, has experienced varying student-to-teacher ratios between 12 and 15 over the past decade, consistently below the U.S. national average of 14. This suggests smaller class sizes and potentially more individualized attention for students, making it an attractive factor for families considering relocation. Real estate agents can leverage this to highlight potential educational benefits, possibly indicating sustainable community... Read more
Student-to-teacher ratio in Brunswick County, Virginia over the last 10 years
Brunswick County, Virginia has seen fluctuations in its student-to-teacher ratio over the past decade, with values ranging from 12 to around 15 students per teacher. This ratio has generally remained below the U.S. national average of 14 students per teacher, which suggests smaller class sizes in Brunswick County compared to many other areas. For those considering moving to or investing in Brunswick County, this potentially means more individualized attention for students, possibly leading to better educational outcomes. Real estate agents and appraisers might view this as a positive selling point for families, while insurance agents and property developers may interpret stable educational metrics as indicators of a community poised for sustainable growth.
