Buena Vista city Real Estate and Livability Trends
Property values in Buena Vista city, Virginia have shown notable growth, with median home values rising to $148,800 in 2022. This uptick could indicate increasing demand or improved local amenities. Economic improvements are suggested by a rise in average taxable income, growing from $35,527.80 in 2013 to $45,045.35 by 2021. However, growing state and local income taxes, which more than doubled... Read more
Buena Vista city Market Trends
Median home values in Buena Vista city, Virginia have notably surged to $148,800 in 2022 despite historically lagging behind state and national averages. This uptick could signal increasing demand or improvements in local amenities, making it worth watching for investors. Homeowners have also seen variable residential energy tax credits, which might impact decisions on energy-efficient upgrades,... Read more
Median Value of Occupied Housing Units in Buena Vista city, Virginia Over the Last 8 Years
Median home values in Buena Vista city, Virginia over the last eight years have experienced fluctuations but recently saw a considerable increase, reaching $148,800 in 2022. Although historically lower than both state and national averages—Virginia's median was $339,800 and the U.S. median was $179,400 in 2022—this surge could turn heads among potential investors and homebuyers drawn to emerging markets. This rise might suggest growing demand or improving local amenities, indicating a potential upswing in the area's attractiveness.
Residential Energy Tax Credit Per Tax Return in Buena Vista city, VA Over the Last 4 Years
Homeowners in Buena Vista City, Virginia have observed fluctuations in the average residential energy tax credit per tax return over the past four years. In 2013, the average tax credit was $200.00, rising to approximately $233.33 in 2014. After a dip to around $166.67 in 2015, the credit increased again to $225.00 in 2016. These variations might influence decisions on investing in energy-efficient home improvements, impacting the local housing market and related sectors.
Average Real Estate Taxes Per Tax Return in Buena Vista city, VA Over the Last 10 Years
From 2012 to 2021, Buena Vista city in Virginia saw fluctuating real estate taxes per tax return. Tax values generally increased over the decade, notably jumping in 2018 to $2,866.67, then stabilizing around $2,670. This shift potentially indicates rising property values or changes in tax policy. For those considering investment or real estate activities in Buena Vista city, these trends suggest a possibly growing, albeit variable, market that could affect future costs and returns. Appraisers and insurance agents may need to adjust valuations and premiums accordingly.
Number of Mortgages by Occupancy Type in Buena Vista city, VA Over the Last 5 Years in Buena Vista city
Buena Vista city, Virginia shows a notable preference for primary residence mortgages over the last five years, with investment properties and second residences trailing significantly. The peak of principal residence mortgages in 2021, hitting 307, underscores an intensified interest or necessity in home ownership. This trend is invaluable for investors and developers as it suggests a stable, resident-focused market. For insurance agents and appraisers, the data hints at a community less prone to the transient nature of investment properties, potentially affecting risk calculations and valuation models. For real estate agents, highlighting the prevalent home-buying activity could appeal to clients looking to settle in this relatively stable market.
Economic Outlook
The average taxable income per tax return in Buena Vista city, Virginia has been on a steady climb, growing from $35,527.80 in 2013 to $45,045.35 by 2021. This gradual increase hints at improving economic conditions, which could be attractive to investors and real estate agents. Concurrently, average state and local income taxes per tax return have risen significantly from $3,104.17 in 2012 to $6,583.33 by 2021, particularly spiking between 2018 and 2021. This suggests rising incomes or... Read more
Average Taxable Income per Tax Return in Buena Vista city, VA over the last 9 years
Over the past nine years, the average taxable income per tax return in Buena Vista city, Virginia has shown a steady increase. Starting at approximately $35,527.80 in 2013, it has climbed consistently each year to reach about $45,045.35 by 2021. This growth, though gradual, suggests a positive trend in economic factors that could be beneficial for investors, real estate agents, and anyone considering building or moving to the area. The noticeable uptick in 2021 might indicate new economic drivers or demographic changes worth exploring further.
Average State and Local Income Taxes Per Tax Return in Buena Vista city, VA Over the Last 10 Years
Over the last decade, Buena Vista city, Virginia has witnessed a notable upward trend in average state and local income taxes per tax return, rising from approximately $3,104.17 in 2012 to an estimated $6,583.33 by 2021. This growth, particularly sharp between 2018 and 2021, when taxes surged from $4,277.78 to $6,583.33, might suggest increasing incomes or changes in tax policy. For potential investors and real estate professionals, this trend may indicate underlying economic growth and rising affluence in the area, impacting property values and investment returns. Aspiring homeowners and current residents should also be mindful of these shifts, as they may influence the cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Buena Vista city, VA Over the Last 10 Years
Over the last decade in Buena Vista city, Virginia, the average total tax liability per tax return has seen a steady rise with notable fluctuations. From $3,720.65 in 2012, the liability peaked at $4,774.76 by 2021. Especially noteworthy spikes occurred in 2017 and 2021, suggesting key economic or policy changes during these years that impacted residents’ tax obligations. This trend could imply increasing economic activity or higher earning potential in the region, making it an essential consideration for potential investors, real estate professionals, or anyone looking to relocate to the area.
Cost of Living in Buena Vista city
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,132 | $1,383 | $1,512 | $1,478 | $1,128 |
| 1 adult 4 children | $1,132 | $1,130 | $1,154 | $1,478 | $1,259 |
| 2 adults 3 children | $1,132 | $1,130 | $1,313 | $1,478 | $929 |
| 1 adult 3 children | $1,132 | $923 | $955 | $1,478 | $1,038 |
| 2 adults 2 children | $802 | $925 | $1,114 | $1,281 | $781 |
| 1 adult 2 children | $802 | $691 | $756 | $1,281 | $728 |
| 2 adults 1 child | $802 | $731 | $915 | $641 | $682 |
| 1 adult 1 child | $802 | $472 | $557 | $641 | $605 |
| 2 adults | $710 | $587 | $716 | $0 | $577 |
| 1 adult | $594 | $320 | $358 | $0 | $494 |
Safety trends & Data
In Buena Vista, Virginia, property crime trends over the past five years reveal notable fluctuations. Larceny-theft cases peaked in 2021 with 7.0 reported incidents, and burglary incidents have shown a pattern of oscillation, peaking in both 2018 and 2021. Although reports of fraud, forgery, and embezzlement are sporadic, understanding these crime patterns is crucial for potential investors and residents, as they can impact property values and insurance... Read more
Property Crime Trends in Buena Vista city, VA Over the Last 5 Years
Over the last five years, property crime trends in Buena Vista, Virginia show notable fluctuations in burglary, larceny, motor vehicle theft, and other offenses. The most significant increases are observed in larceny-theft cases, particularly in 2021 with 7.0 reported instances, while burglary incidents have oscillated, peaking again in both 2018 and 2021. There have been occasional reports of fraud, forgery, and embezzlement, but these remain sporadic. For potential investors and residents, understanding these crime patterns is crucial as it offers a gauge on neighborhood safety and potential risk factors which can impact property values and insurance premiums.
Demographics
Buena Vista, Virginia showcases a slightly higher female population with 2,758 women compared to 2,445 men. Educational attainment varies widely, with the majority being high school graduates or holding some college experience, but interestingly, only a smaller segment has a graduate or professional degree. Age distribution is relatively spread out with noticeable concentrations in young adults aged 20-24 and older adults aged 55-64. The racial makeup is predominantly White, accounting for the... Read more
Race Distribution in Buena Vista city, Virginia (2022)
Educational Attainment in Buena Vista city, Virginia (2022)
Age Distribution in Buena Vista city, Virginia
Citizen Population in Buena Vista city, Virginia (2022)
Political Trends & Data
Buena Vista City, Virginia, leaned heavily towards Republican candidates in the 2020 U.S. Presidential Election, with Republicans apparently receiving about 67% of the vote. Democrats seemed to trail considerably, capturing just under 30%, while Libertarians appeared to hold a small yet notable share at around 2.6%. Other parties made a minimal impact, hinting at a predominantly two-party system with sporadic third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Buena Vista City, Virginia, showed a significant preference for Republican candidates in the 2020 U.S. Presidential Election, with Republicans potentially receiving around 67% of the vote. Democrats appeared to trail with just under 30%, while Libertarians likely garnered close to 2.6%. Other parties made a minimal impact, suggesting a largely two-party system with occasional third-party interest.
67.11% of voters voted for the Republican party in the 2020 Presidential Election
29.72% of voters voted for the Democrat party in the 2020 Presidential Election
2.59% of voters voted for the Livertarian party in the 2020 Presidential Election
0.58% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Buena Vista City, Virginia, the student-to-teacher ratio has seen noteworthy shifts, usually aligning with the national average of fourteen students per teacher. Peaks in 2017 and 2021, where ratios climbed to around fifteen and sixteen, could hint at increased classroom density, potentially influencing educational outcomes and property values. For those eyeing investments or considering relocation, these fluctuations underline the importance of closely watching how local schools manage... Read more
Student-to-teacher ratio in Buena Vista City, Virginia over the last 10 years
Buena Vista City, Virginia's student-to-teacher ratio has shown notable fluctuations over the past decade, with ratios generally hovering close to the national average of fourteen students per teacher. In years like 2017 and 2021, where the ratios peaked at approximately fifteen and sixteen, respectively, classroom density might have impacted both educational outcomes and the overall learning environment. For prospective investors, homebuyers, real estate agents, and those planning to build property or enroll their children, these shifts could influence decisions, emphasizing the importance of monitoring how the local school district adapts to changing demands. Elevated ratios might suggest potential strains on resources, possibly affecting property values and educational quality in the area.
