Campbell County Real Estate and Livability Trends
Campbell County, Virginia has experienced an increase in the average taxable income per tax return, climbing from $45,666.52 in 2013 to $59,247.62 in 2021, potentially highlighting an improving local economy. Median home values have also risen, up from $151,500 in 2015 to $183,100 in 2022, making the area an attractive, affordable real estate option within the state. Property crimes like... Read more
Campbell County Market Trends
Campbell County, Virginia has seen median home values rise from $151,500 in 2015 to $183,100 in 2022, yet it's still trailing behind the statewide median, making it an appealing option for affordable real estate within Virginia. The residential energy tax credit has shown notable spikes, particularly peaking at $2,250 in 2018, which could indicate growing interest in energy-efficient home... Read more
Median Value of Occupied Housing Units in Campbell County, Virginia Over the Last 8 Years
Over the last eight years, median home values in Campbell County, Virginia have shown a steady increase from $151,500 in 2015 to $183,100 in 2022. While this might seem significant, it’s worth noting that Campbell County’s growth is still outpaced by the statewide median, which surged from $245,000 to $339,800 in the same period. This makes Campbell County potentially more attractive to homebuyers and investors searching for relatively affordable options within Virginia. Nationally, home values rose from $125,500 in 2015 to $179,400 in 2022, underscoring a broader trend of rising housing costs. However, Campbell County’s market remains comparatively accessible, which could appeal to those looking to capitalize on lower entry points while still enjoying regional property value appreciation.
Residential Energy Tax Credit Per Tax Return in Campbell County, VA Over the Last 9 Years
The average residential energy tax credit per tax return in Campbell County, Virginia has typically increased over the past nine years, with significant spikes in certain years. After gradual climbs from $315.79 in 2013 to $393.02 in 2016, there was a notable increase to $659.09 in 2017, peaking dramatically at $2,250 in 2018. The credits saw a dip and fluctuated between 2019 and 2020, before rising again to $1,788.23 in 2021. This trend may attract those interested in the advantages of sustainable investments, possibly indicating a growing importance of energy efficiency in residential properties. Potential investors, homeowners, and real estate professionals might see this as a motivation to explore energy-efficient renovations or new builds in the region.
Average Real Estate Taxes Per Tax Return in Campbell County, VA Over the Last 10 Years
Over the past decade, Campbell County, Virginia has shown a steady increase in average real estate taxes per tax return, climbing from roughly $1,227.73 in 2012 to about $2,082.80 in 2021. This upward trend could indicate rising property values, potentially driven by development or improving local infrastructure. It's worth noting the significant leap between 2017 and 2018, where taxes jumped from approximately $1,469.88 to $1,844.96. For investors, real estate agents, and appraisers, these insights suggest a possibly appreciating market, but also highlight the importance of accounting for higher property tax liabilities in financial planning.
Percentage of Farm Returns in Campbell County, VA Over the Last 10 Years
Over the last decade, Campbell County, Virginia has seen a slight decline in the percentage of farm tax returns. Farm tax returns fluctuated from 2.51% in 2012 to 2.22% in 2021. This trend might indicate a gradual decrease in farming activities or a shift towards other economic sectors in the county. For investors, developers, and those considering a move, this could suggest evolving opportunities and a changing economic landscape.
Number of Mortgages by Occupancy Type in Campbell County, VA Over the Last 5 Years in Campbell County
Campbell County, Virginia has seen a notable decrease in the number of principal residence mortgages over the last five years, peaking at 3,306 in 2021 before dropping to 2,197 in 2022. Investment property mortgages have generally trended upward, with a significant rise from 94 in 2018 to 197 in 2021. Meanwhile, second residence mortgages have fluctuated slightly but remain relatively low. These shifts in occupancy types might signal changing local real estate dynamics and can impact property values, rental market strength, and local economic strategies. Investors and real estate agents may find the rise in investment property interest and the potential cooling of principal residence demand critical for future planning and opportunities.
Economic Outlook
Over the past nine years, Campbell County, Virginia has generally seen an upward trend in average taxable income per tax return, rising from $45,666.52 in 2013 to $59,247.62 in 2021. This could suggest an improving local economy, which might attract potential investors, property developers, and real estate agents. Additionally, the average state and local income taxes per tax return have shown a substantial increase, going from approximately $4,188.35 in 2012 to $7,874.51 in 2021. Buyers and... Read more
Average Taxable Income per Tax Return in Campbell County, VA over the last 9 years
Over the past 9 years, Campbell County, Virginia has generally experienced an upward trend in average taxable income per tax return. From $45,666.52 in 2013 to $59,247.62 in 2021, there have been fluctuations but the overall growth is noteworthy. This can signal an improving local economy, which could be attractive for potential investors, property developers, and real estate agents. Additionally, such trends might pique the interest of appraisers and insurance agents looking to gauge the region’s financial progression.
Average State and Local Income Taxes Per Tax Return in Campbell County, VA Over the Last 10 Years
Over the past decade, the average state and local income taxes per tax return in Campbell County, Virginia have shown a substantial increase. Starting at about $4,188.35 in 2012, a steady rise peaked notably in 2018 at $6,974.44 and continued upward to around $7,874.51 in 2021. This marked growth may suggest a rising local economic output and higher personal incomes, potentially making Campbell County attractive for investors, property developers, and real estate professionals seeking dynamic market opportunities. Buyers and appraisers might also consider these trends when assessing property values and fiscal health carefully.
Average Total Tax Liability Per Tax Return in Campbell County, VA Over the Last 10 Years
In the past decade, Campbell County, Virginia has seen a variable but overall increasing trend in average total tax liability per tax return. Starting around $6,123.58 in 2012, there's a notable dip in 2013 to $5,841.73, followed by periods of gradual increases and occasional stabilizations. By 2021, the average tax liability jumps to $7,531.94. This increase suggests potential rising incomes or property values in the area, making it particularly relevant for real estate investors and appraisers assessing long-term growth. This data could also be crucial for insurance agents and those looking to relocate, as it reflects economic health and potential future financial obligations.
Cost of Living in Campbell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,102 | $1,355 | $1,628 | $1,301 | $1,141 |
| 1 adult 4 children | $1,102 | $1,107 | $1,242 | $1,301 | $1,267 |
| 2 adults 3 children | $1,102 | $1,107 | $1,413 | $1,301 | $935 |
| 1 adult 3 children | $1,102 | $904 | $1,028 | $1,301 | $1,039 |
| 2 adults 2 children | $811 | $906 | $1,199 | $1,127 | $803 |
| 1 adult 2 children | $811 | $677 | $814 | $1,127 | $770 |
| 2 adults 1 child | $811 | $716 | $985 | $564 | $736 |
| 1 adult 1 child | $811 | $463 | $600 | $564 | $631 |
| 2 adults | $714 | $575 | $771 | $0 | $622 |
| 1 adult | $702 | $314 | $385 | $0 | $561 |
Safety trends & Data
Campbell County, Virginia's property crime trends over the last five years show some notable fluctuations. Larceny-Theft consistently tops the list, peaking at 113 incidents in 2020, raising concern for residents and authorities. Vandalism saw a spike the same year with 38 instances, which could impact property values and insurance rates. While Burglary dropped sharply by 2022 after being initially high in 2018, less frequent crimes like Arson and Embezzlement have stayed relatively stable.... Read more
Property Crime Trends in Campbell County, VA Over the Last 5 Years
Campbell County, Virginia has seen varied trends in property crimes over the last five years, with notable fluctuations across different categories. Larceny-Theft consistently leads in number, peaking at 113 incidents in 2020, suggesting a particular area of concern for residents and local authorities. Vandalism showed a significant spike in 2020 with 38 instances, potentially impacting property values and insurance rates. Burglary, while initially high in 2018, dropped sharply by 2022. Although less frequent, Arson and Embezzlement incidents reveal isolated concerns but have remained relatively stable. These trends matter for anyone assessing the area's safety and economic stability, including investors, homebuyers, and real estate professionals.
Demographics
Campbell County, Virginia, exhibits a balanced gender ratio with a slight female majority. The educational attainment data hints at a significant portion of the adult population being high school graduates, though a substantial number have pursued higher education. The age distribution shows a relatively even spread across age brackets, with notable groupings in the younger demographics and middle-aged adults. The county's racial composition is predominantly White, with a considerable African... Read more
Race Distribution in Campbell County, Virginia (2022)
Educational Attainment in Campbell County, Virginia (2022)
Age Distribution in Campbell County, Virginia
Citizen Population in Campbell County, Virginia (2022)
Political Trends & Data
In Campbell County, Virginia, the 2020 U.S. Presidential Election saw over 71% of votes favoring Republican candidates, while Democrats captured around 27%. Libertarian and other minor party votes barely registered, together comprising less than 2%. This indicates a notable Republican stronghold in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Campbell County, Virginia, voting patterns in the 2020 U.S. Presidential Election appeared to heavily favor Republican candidates, with over 71% of the vote. The Democratic candidates garnered roughly 27%, demonstrating a significant gap. Libertarian and other minor party votes were almost negligible, collectively making up less than 2% of the total. This suggests a strong Republican leaning in this locality.
71.05% of voters voted for the Republican party in the 2020 Presidential Election
26.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Campbell County, Virginia, the student-to-teacher ratio has decreased from a peak of 17 in 2017 to nearly 14 in 2023. This improvement in classroom sizes brings the county in line with the national average, a possible draw for families with school-aged children. Such educational advancements could positively influence property values and overall market demand, making Campbell County more appealing to both residents and... Read more
Student-to-teacher ratio in Campbell County, Virginia over the last 10 years
Over the past decade, Campbell County, Virginia has seen its student-to-teacher ratio fluctuate, peaking at 17 in 2017 and dropping to nearly 14 in 2023. This trend suggests a recent improvement in classroom sizes, aligning closer to the national average of 14 students per teacher. This is a positive indicator for potential residents with school-aged children and could potentially raise property values. For investors, real estate agents, and appraisers, such educational improvements could make Campbell County more attractive for families, enhancing overall market demand.
