Carroll County Real Estate and Livability Trends
In Carroll County, Virginia, average taxable income has risen from approximately $38,166.39 in 2013 to about $52,113.48 in 2021, indicating potentially improved economic conditions that could attract investors and drive up property values. Median home values surged from $117,400 in 2021 to $139,200 in 2022, outpacing state and national growth trends. Incentives for energy-efficient homes have... Read more
Carroll County Market Trends
Carroll County, Virginia's median home values jumped from $117,400 in 2021 to $139,200 in 2022, outpacing the broader yet steadier growth trends in Virginia and across the U.S. The county's energy tax credit per return also spiked dramatically, peaking at $1,583.33 in 2021, indicating enhanced incentives for energy-efficient homes. Real estate taxes have climbed notably since 2018, reflecting... Read more
Median Value of Occupied Housing Units in Carroll County, Virginia Over the Last 8 Years
Carroll County, Virginia has seen a significant leap in median home values over the past eight years, particularly with a steep rise from $117,400 in 2021 to $139,200 in 2022. This increase is stark compared to the stable yet gradual growth in Virginia as a whole, which saw a jump to $339,800 in 2022, and the national trend rising to $179,400 in the same year. For potential investors and homebuyers, Carroll County represents a dynamic shift that could indicate emerging opportunities in the local real estate market, especially when considering its affordability relative to the state average and national prices.
Residential Energy Tax Credit Per Tax Return in Carroll County, VA Over the Last 8 Years
In Carroll County, Virginia, the average residential energy tax credit per tax return has shown significant fluctuations over the past eight years. Starting at approximately $438.10 in 2013, there was a notable dip to around $373.33 in 2014 and further to $325.00 in 2015. However, the average surged to $475.00 in 2016, stabilizing around $400.00 in 2017. A remarkable uptrend began in 2019, reaching $500.00, and saw a substantial leap to around $933.33 in 2020, eventually peaking at $1583.33 in 2021. These shifts suggest growing incentives or shifts in policy promoting energy-efficient home investments, which could be of interest to those involved in property development, real estate, and residential energy improvements.
Average Real Estate Taxes Per Tax Return in Carroll County, VA Over the Last 10 Years
Carroll County, Virginia has seen a gradual increase in average real estate taxes over the past decade, with a noticeable spike starting in 2018 where values jumped from approximately $1,798.05 in 2017 to $2,553.13 in 2018. This rise has somewhat stabilized but remains significantly higher, peaking at $2,626.92 in 2021. Such an upward trend could indicate growing property values or changing tax policies. Investors, property developers, and real estate agents should consider these trends as they could impact property affordability and long-term financial planning.
Percentage of Farm Returns in Carroll County, VA Over the Last 10 Years
Over the past decade, Carroll County, Virginia has seen slight fluctuations in the percentage of farm tax returns, peaking at approximately 6.46% in 2012 and hitting a low of around 5.40% in 2020 before a minor uptick to 5.69% in 2021. Farm tax returns typically reflect the number of farms that are required to report their income, expenses, and operations for tax purposes. For potential investors, builders, or residents, these percentages may indicate the region's agricultural activity levels and economic reliance on farming, providing insight into land use trends and potential opportunities in the local rural economy.
Number of Mortgages by Occupancy Type in Carroll County, VA Over the Last 5 Years in Carroll County
Over the last five years in Carroll County, Virginia, there's been a notable decline in the number of mortgages for Principal Residences, from a high of 1342 in 2021 to 1088 in 2022. Investment Properties have seen mild fluctuations but remained relatively stable, while Second Residences have experienced a sharp decrease from 139 in 2021 to just 69 in 2022. These shifts in occupancy type can signal changing demographics and economic conditions, which may affect real estate values and market strategies. Investors, appraisers, and real estate agents should be aware of these dynamics to better predict market trends and make informed decisions.
Economic Outlook
In Carroll County, Virginia, the average taxable income per tax return has climbed from roughly $38,166.39 in 2013 to about $52,113.48 in 2021, hinting at potentially improved economic conditions. This could attract investors and push property values higher. Similarly, the average state and local income taxes per tax return have jumped significantly, from around $4,001.73 in 2012 to approximately $9,457.14 in 2021, suggesting economic growth or tax policy changes. Such financial dynamics may... Read more
Average Taxable Income per Tax Return in Carroll County, VA over the last 9 years
The average taxable income per tax return in Carroll County, Virginia has shown a steady increase over the past nine years, rising from approximately $38,166.39 in 2013 to about $52,113.48 in 2021. This upward trend suggests potentially improving economic conditions in the county, which could be attractive for investors, developers, and real estate agents. Such financial indicators could also influence property appraisals and insurance considerations, reflecting heightened economic activity and possibly increasing property values in the area.
Average State and Local Income Taxes Per Tax Return in Carroll County, VA Over the Last 10 Years
Over the past decade, Carroll County, Virginia has seen a notable increase in the average state and local income taxes per tax return, escalating from around $4,001.73 in 2012 to approximately $9,457.14 in 2021. This consistent rise could be a reflection of economic growth, higher income brackets, or changes in tax policies. Notably, there was a significant jump between 2017 and 2018, where taxes per return surged from $4,797.44 to $6,436.36, marking a substantial shift. For investors, home buyers, and real estate professionals, these trends might suggest changing economic conditions and potential cost of living considerations in Carroll County.
Average Total Tax Liability Per Tax Return in Carroll County, VA Over the Last 10 Years
Over the past decade, Carroll County, Virginia has seen a general upward trend in the average total tax liability per tax return, increasing from $4,318.83 in 2012 to $6,578.06 in 2021. This increase suggests a rising fiscal responsibility among residents, which could indicate economic growth and a potential increase in property values. For those looking to invest, move, appraise, insure, build, or engage in real estate activities in the area, this trend might hint at a robust local economy and stable property market conditions.
Cost of Living in Carroll County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,127 | $1,408 | $1,512 | $997 | $1,051 |
| 1 adult 4 children | $1,127 | $1,149 | $1,154 | $997 | $1,172 |
| 2 adults 3 children | $1,127 | $1,150 | $1,313 | $997 | $866 |
| 1 adult 3 children | $1,127 | $939 | $955 | $997 | $911 |
| 2 adults 2 children | $798 | $941 | $1,114 | $871 | $713 |
| 1 adult 2 children | $798 | $703 | $756 | $871 | $662 |
| 2 adults 1 child | $798 | $744 | $915 | $461 | $691 |
| 1 adult 1 child | $798 | $481 | $557 | $461 | $608 |
| 2 adults | $647 | $598 | $716 | $0 | $605 |
| 1 adult | $591 | $326 | $358 | $0 | $536 |
Safety trends & Data
Property crime trends in Carroll County, Virginia, have shown fluctuating levels over the past five years, particularly with larceny-theft peaking at 21 incidents in 2020. Although fraud hit 20 incidents in 2019 and vandalism increased to 9 incidents by 2022, lower-frequency offenses like embezzlement and forgery usually stayed in the low single digits. This suggests investors and real estate agents might prioritize robust security measures and insurance plans when considering property... Read more
Property Crime Trends in Carroll County, VA Over the Last 5 Years
Property crime trends in Carroll County, Virginia, over the past five years show fluctuating levels of various offenses. Larceny - Theft consistently registered as the most common crime, peaking at 21 incidents in 2020. In contrast, there are occasional spikes in other crimes like Fraud hitting 20 incidents in 2019 and Vandalism increasing to 9 incidents by 2022. The presence of lower-frequency offenses such as Embezzlement and Forgery and Counterfeiting varied slightly, generally hovering at low single digits. This pattern suggests investors and real estate agents might want to focus on comprehensive security measures and insurance options when dealing with property in this region.
Demographics
Carroll County, Virginia, shows a slight female majority in its adult population. The educational landscape presents a significant portion of residents holding at least a high school diploma, though there’s a noteworthy segment without a high school degree. The age distribution illustrates a mature population, with the 55 to 64 age group being the largest. The racial composition is predominantly white, with very minimal representation from other races. This demographic intricacy could impact... Read more
Race Distribution in Carroll County, Virginia (2022)
Educational Attainment in Carroll County, Virginia (2022)
Age Distribution in Carroll County, Virginia
Citizen Population in Carroll County, Virginia (2022)
Political Trends & Data
Carroll County, Virginia, leans heavily Republican, as demonstrated by the approximately 81% of votes favoring the GOP in the 2020 Presidential Election. This strong conservative base may influence local policy-making and community values, shaping the county's development and priorities. While Democrats secured around 18%, other parties garnered minimal support, potentially limiting their impact on the local political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Carroll County, Virginia, leans heavily Republican, with approximately 81% of votes in the 2020 Presidential Election favoring the GOP. Democrats secured around 18%, while other parties, including Libertarian and Green, gathered minimal support. This trend likely reflects the county's political landscape and hints at a strong conservative base. Such voting patterns can influence local policy-making and community values.
80.85% of voters voted for the Republican party in the 2020 Presidential Election
18.15% of voters voted for the Democrat party in the 2020 Presidential Election
0.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Carroll County, Virginia, has experienced student-to-teacher ratios that typically fall below the national average of 14 students per teacher, with notably low ratios of around 11 in 2019 and 2020. This trend could pique the interest of families prioritizing personalized education, possibly enhancing the county’s appeal in the real estate market. Smaller class sizes are often seen as indicators of quality education, potentially impacting property values and long-term desirability for home... Read more
Student-to-teacher ratio in Carroll County, Virginia over the last 10 years
Over the past 10 years, Carroll County, Virginia has seen fluctuations in its student-to-teacher ratio, generally hovering around the national average of 14 students per teacher, but often staying below it. Years like 2019 and 2020 had notably low ratios at around 11 students per teacher, suggesting smaller class sizes that might appeal to those prioritizing personalized education. This trend could be influential for families considering relocation, real estate agents promoting the area, and even appraisers assessing property values, as smaller class sizes are frequently viewed as a quality indicator in education. Insurance agents and property builders might also note these trends when evaluating the long-term desirability and stability of the area.
