Charlotte County Real Estate and Livability Trends
Charlotte County, Virginia is seeing a mix of economic vitality and evolving tax dynamics. Average taxable income per tax return hit $52,878.05 in 2021, a promising sign for property value appreciation. Home values have grown significantly but still sit well below the state median, which could signal investment opportunities. Real estate taxes have more than doubled over the past decade, and... Read more
Charlotte County Market Trends
Charlotte County, Virginia's median home values have grown from $94,300 in 2015 to $137,000 in 2022, yet they remain considerably lower than the state's median values, which rose from $245,000 to $339,800 over the same period. Average residential energy tax credits per tax return peaked dramatically at $3,250.00 in 2018, following a consistent increase, though more recent years show a decrease to... Read more
Median Value of Occupied Housing Units in Charlotte County, Virginia Over the Last 8 Years
Over the past eight years, Charlotte County, Virginia has seen its median home values grow from $94,300 in 2015 to $137,000 in 2022. While these values are rising steadily, they pale in comparison to the state of Virginia's median values, which surged from $245,000 to $339,800 in the same period. Nationally, the median home values also climbed from $125,500 to $179,400. This disparity indicates that Charlotte County might still present relatively affordable options for those looking to invest in real estate compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Charlotte County, VA Over the Last 9 Years
Over the past nine years, Charlotte County, Virginia has seen significant fluctuations in the average residential energy tax credit per tax return. From a moderate $309.09 in 2013, it peaked dramatically at $3,250.00 in 2018, suggesting possible local incentives or a surge in energy-efficient home improvements. More recent years show a decrease but still relatively high values, with $883.33 in 2019 and $671.43 in 2020, indicating ongoing efforts toward residential energy efficiency. Individuals interested in investing, building, or moving to the area might find opportunities in energy-efficient housing trends and potential tax benefits.
Average Real Estate Taxes Per Tax Return in Charlotte County, VA Over the Last 10 Years
Charlotte County, Virginia has seen a notable upward trend in average real estate taxes per tax return over the last decade. Starting at $1,268.75 in 2012, the average tax has steadily climbed, reaching $3,014.29 by 2021. This significant increase might indicate rising property values and possibly higher county expenditures. For potential investors, property developers, and real estate agents, this trend could suggest a growing market with potentially higher returns. Meanwhile, appraisers and insurance agents may find these insights critical for accurately assessing property values and insurance premiums. For current residents, understanding this tax trajectory may be crucial for future financial planning.
Percentage of Farm Returns in Charlotte County, VA Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Charlotte County, Virginia, has hovered around 8.2% to 9.2%, with a slight dip to about 7.8% in 2020. Farm tax returns, representing the proportion of total tax filings from agricultural operations, offer insights into the economic footprint of farming in the area. Trends show some fluctuations, possibly hinting at changing economic conditions, agricultural policies, or shifts in the local farming industry. This data can be crucial for investors, developers, and new residents who are keen on understanding the agricultural engagement and its resultant economic influence within the county.
Number of Mortgages by Occupancy Type in Charlotte County, VA Over the Last 5 Years in Charlotte County
Charlotte County, Virginia has experienced varied mortgage activity over the past five years, with a significant focus on principal residences. A noticeable surge in mortgages for principal residences occurred in 2021, while investment properties and second residences remained relatively stable or saw slight declines. For investors, this might imply a community more inclined towards long-term stays rather than transient or secondary homeownership. Real estate agents may find a robust market for primary homebuyers, whereas those in appraisal and insurance might adjust risk assessments accordingly. Builders and developers could prioritize residential projects catering to permanent residents over vacation or rental properties.
Economic Outlook
Charlotte County, Virginia has experienced a notable rise in average taxable income per tax return, culminating in $52,878.05 in 2021, indicating growing economic stability and potential for increasing property values. This trend could be a strong signal for investors and prospective homeowners. Additionally, the average state and local income taxes per tax return in the county have generally increased over the past decade, peaking at $6,975.00 in 2019 before slightly declining to $6,268.75 in... Read more
Average Taxable Income per Tax Return in Charlotte County, VA over the last 9 years
Charlotte County, Virginia has seen a steady rise in average taxable income per tax return over the last nine years, culminating in a significant jump to $52,878.05 in 2021. This upward trend suggests growing economic stability and potentially increasing property values, making it a point of interest for investors and those seeking to move to the area. This consistent increase in income could also be a signal for appraisers and insurance agents to adjust their risk assessments and property valuations accordingly.
Average State and Local Income Taxes Per Tax Return in Charlotte County, VA Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Charlotte County, Virginia have generally increased, starting from $3,720.99 in 2012 and reaching as high as $6,975.00 in 2019 before settling at $6,268.75 in 2021. These fluctuations suggest a dynamic local economy and could influence the financial planning strategies of those looking to move to or invest in the area. Understanding these trends is essential for appraisers, insurance agents, and real estate professionals when advising clients or evaluating property values in Charlotte County.
Average Total Tax Liability Per Tax Return in Charlotte County, VA Over the Last 10 Years
In Charlotte County, Virginia, the average total tax liability per tax return has experienced a notable upward trend over the past decade, with amounts increasing from approximately $4,402.05 in 2012 to $6,809.28 in 2021. This significant rise points to evolving financial dynamics within the county, possibly influenced by changes in income levels, property values, and local economic factors. For those considering investments or property developments in the area, understanding these tax liability trends could be crucial for financial planning and decision-making. Real estate agents, appraisers, insurance agents, and prospective homeowners should factor these fluctuations into their assessments and strategies.
Cost of Living in Charlotte County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,009 | $1,367 | $1,681 | $938 | $1,011 |
| 1 adult 4 children | $1,009 | $1,117 | $1,284 | $938 | $1,112 |
| 2 adults 3 children | $1,009 | $1,117 | $1,459 | $938 | $830 |
| 1 adult 3 children | $1,009 | $912 | $1,062 | $938 | $849 |
| 2 adults 2 children | $793 | $914 | $1,237 | $820 | $718 |
| 1 adult 2 children | $793 | $683 | $840 | $820 | $657 |
| 2 adults 1 child | $793 | $723 | $1,015 | $436 | $697 |
| 1 adult 1 child | $793 | $467 | $618 | $436 | $607 |
| 2 adults | $602 | $581 | $793 | $0 | $599 |
| 1 adult | $588 | $317 | $396 | $0 | $536 |
Safety trends & Data
Charlotte County, Virginia has shown erratic property crime trends over the past five years. Larceny-theft spiked to 26 incidents in 2019 but typically hovered around 10 per year, raising questions for potential investors. Burglary rates peaked modestly at 8 in 2021 and have otherwise remained low. Notably, fraud incidents plummeted from 23 in 2018 to merely 1 in 2022, hinting at better fraud prevention. Vandalism has stayed stable with no significant fluctuations, suggesting consistent... Read more
Property Crime Trends in Charlotte County, VA Over the Last 5 Years
Charlotte County, Virginia has seen fluctuations in property crimes over the past five years. Notably, the instances of larceny-theft surged to 26 in 2019 but generally hovered around 10 per year, reflecting inconsistencies that could concern or intrigue potential investors. Burglary rates appear subdued, peaking at 8 in 2021 but mostly remaining low elsewhere. Fraud incidents saw a significant drop from 23 in 2018 to just 1 in 2022, which could suggest improving fraud prevention measures. Vandalism numbers have remained relatively stable, without dramatic spikes, indicating consistent low-level property vandalism. These trends may hold implications for those considering property investments, shaping decisions around security and property value projections.
Demographics
Charlotte County, Virginia, exhibits a fairly even gender distribution, with females slightly outnumbering males. The educational attainment suggests that most residents finish high school, but fewer pursue higher education, with relatively small percentages holding bachelor's or graduate degrees. The age distribution is varied, but there's a noticeable concentration of adults aged 55-64 years. Racially, the population is predominantly White, with Black or African American residents making up a... Read more
Race Distribution in Charlotte County, Virginia (2022)
Educational Attainment in Charlotte County, Virginia (2022)
Age Distribution in Charlotte County, Virginia
Citizen Population in Charlotte County, Virginia (2022)
Political Trends & Data
Charlotte County, Virginia, leaned heavily Republican in the 2020 U.S. Presidential Election, with the Republican candidate possibly receiving around 61.6% of the vote. The Democratic candidate likely followed with about 37.4%, highlighting the county's conservative tilt. Third parties appeared to have minimal influence, securing less than 1% each, which might indicate a slight but growing curiosity in alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Charlotte County, Virginia, appeared to lean significantly Republican in the 2020 U.S. Presidential Election with an estimated 61.6% of the vote going to the Republican candidate. The Democratic candidate may have captured roughly 37.4% of the vote, making it a distant second. Libertarians and other parties seemed to have minimal impact, drawing in less than 1% each. This distribution may suggest a strong Republican presence but also points to a potentially increasing interest in third parties, albeit still quite small.
61.62% of voters voted for the Republican party in the 2020 Presidential Election
37.43% of voters voted for the Democrat party in the 2020 Presidential Election
0.78% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
Charlotte County, Virginia has experienced a significant drop in its student-to-teacher ratio from 16:1 in 2014 to just over 12:1 in 2023. This trend could be appealing to prospective homebuyers and families, as it's often linked to more personalized education. For real estate agents, this might serve as a strong selling point, indicating better education quality. This may also catch the eye of investors and developers, who might view it as a sign of community growth and educational investment,... Read more
Student-to-teacher ratio in Charlotte County, Virginia over the last 9 years
Charlotte County, Virginia has seen a notable decline in its student-to-teacher ratio over the past nine years, starting from 16 students per teacher in 2014 to just over 12 students per teacher in 2023. This trend may be favorable for prospective homebuyers and families considering relocation, as a lower ratio often indicates more personalized attention and potentially higher quality of education compared to the national average of 14 students per teacher. For real estate agents, this could be a selling point, highlighting the advantage of smaller class sizes. Investors and developers might also view this as a positive indicator of community growth and investment in education, which could enhance property values over time. Appraisers and insurance agents could consider these improved educational conditions as a factor when evaluating property and risk in the area.
