Clarke County Real Estate and Livability Trends
Clarke County, Virginia is seeing an uptick in taxable income, with the average rising to $110,016.49 in 2021 from $87,338.02 in 2020, hinting at possible economic growth or demographic shifts driving real estate appeal. Median home values have surged, climbing from $329,500 in 2015 to $496,600 in 2022, outperforming state and national figures. This is complemented by a notable investment in... Read more
Clarke County Market Trends
Clarke County, Virginia has seen impressive growth in median home values, jumping from $329,500 in 2015 to $496,600 in 2022, well ahead of both state and national trends. The rising residential energy tax credits, leaping from an average of $773.33 in 2016 to $1,675.00 in 2021, indicate a significant investment in energy-efficient home improvements. The average real estate taxes per tax return... Read more
Median Value of Occupied Housing Units in Clarke County, Virginia Over the Last 8 Years
Clarke County, Virginia has shown a remarkable growth in median home values over the past eight years, soaring from $329,500 in 2015 to $496,600 in 2022. This growth outpaces both the state and national trends, where Virginia saw an increase from $245,000 to $339,800, and the national median rose from $125,500 to $179,400. This sharp rise suggests a robust demand in Clarke County, making it potentially attractive for investors and homebuyers seeking substantial appreciation. Comparing these values highlights Clarke County as a market with significantly higher median home values than both the state average and the national average, indicating premium property dynamics in the area.
Residential Energy Tax Credit Per Tax Return in Clarke County, VA Over the Last 8 Years
Clarke County, Virginia has seen a consistent rise in residential energy tax credits per tax return over the past eight years, with a notable jump from approximately $773.33 in 2016 to $1,675.00 in 2021. This trend could indicate a growing investment in energy-efficient home improvements, making it an appealing consideration for investors and those looking to reduce long-term energy costs. Real estate agents and property developers might find this data useful in highlighting the increasing value of energy-efficient homes in the area. Appraisers and insurance agents could also take note, as the trend may influence property values and insurance premiums.
Average Real Estate Taxes Per Tax Return in Clarke County, VA Over the Last 10 Years
Over the last decade, Clarke County, Virginia has experienced a steady increase in average real estate taxes per tax return, climbing from around $2,907.58 in 2012 to approximately $3,898.17 in 2021. Particularly notable are the jumps observed from 2017 to 2018 and again in 2018 to 2019, with increases of about $475.31 and $44.93, respectively. This upward trend in property taxes may suggest increasing property values or changes in tax rates, which could impact planning for potential homeowners, real estate investors, and appraisers.
Percentage of Farm Returns in Clarke County, VA Over the Last 10 Years
Over the past decade, Clarke County, Virginia, has seen a slight but consistent decline in the percentage of farm tax returns. Starting at 5% in 2012, the percentage dipped to approximately 4.18% by 2021, with minor fluctuations in between. This trend might suggest a gradual shift away from agricultural businesses or a change in the economic landscape. For investors, builders, and potential residents, this could hint at evolving opportunities and challenges in the county's agricultural sector and property market. Understanding the dynamics behind farm tax returns can be key to making informed decisions about investments or relocations within the region.
Number of Mortgages by Occupancy Type in Clarke County, VA Over the Last 5 Years in Clarke County
The number of principal residence mortgages in Clarke County, Virginia has shown variability over the past five years, peaking in 2021 with 1,609 and dropping to 835 in 2022. Investment property mortgages have remained relatively steady but lower in volume compared to principal residences. Second residence mortgages saw minimal activity, indicating a limited interest in secondary homes. This shift in mortgage types can influence housing market dynamics and investment opportunities. For real estate agents, investors, and other stakeholders, understanding these trends can provide insights into buyer behavior, property demand, and potential areas for growth or caution.
Economic Outlook
Clarke County, Virginia is seeing a notable rise in taxable income, with the average hitting $110,016.49 in 2021, up from $87,338.02 in 2020. This rising income trend may suggest economic growth or demographic shifts that could make the area increasingly attractive for real estate investment. State and local income taxes have also seen a substantial increase, reaching $14,906.42 in 2021 from $6,569.71 in 2012, potentially influencing decisions for investors and new residents. Additionally, the... Read more
Average Taxable Income per Tax Return in Clarke County, VA over the last 9 years
Average taxable income per tax return in Clarke County, Virginia shows a general upward trend over the past nine years, with significant increases between 2016 and 2021. Notably, 2021 saw a substantial jump to $110,016.49 from a slightly lower figure of $87,338.02 in 2020. This spike may suggest economic growth or changing demographics, making Clarke County potentially attractive for real estate investment and new residents. The steady rise in income could also influence property valuations and insurance assessments in the region.
Average State and Local Income Taxes Per Tax Return in Clarke County, VA Over the Last 10 Years
Clarke County, Virginia has seen a notable rise in state and local income taxes per tax return over the past decade, with figures growing from $6,569.71 in 2012 to $14,906.42 in 2021. This upward trend may indicate increasing economic prosperity or rising tax rates, which could affect decisions for potential investors, property developers, and those considering relocation to the area. Real estate agents and insurance agents might find this data useful for assessing market conditions and advising clients appropriately.
Average Total Tax Liability Per Tax Return in Clarke County, VA Over the Last 10 Years
Over the last decade, Clarke County, Virginia has seen a steady increase in average total tax liability per tax return. From $12,135.57 in 2012, the liability climbed to $20,303.06 by 2021, with notable upticks around 2015 and 2017. This trend might indicate rising incomes and economic growth, offering a potentially lucrative environment for property developers and real estate agents. However, it also suggests higher taxes for residents, which could be a consideration for those looking to relocate.
Cost of Living in Clarke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,526 | $1,492 | $1,492 | $1,774 | $1,635 |
| 1 adult 4 children | $1,526 | $1,218 | $1,137 | $1,774 | $1,816 |
| 2 adults 3 children | $1,526 | $1,219 | $1,296 | $1,774 | $1,400 |
| 1 adult 3 children | $1,526 | $995 | $941 | $1,774 | $1,586 |
| 2 adults 2 children | $1,220 | $998 | $1,100 | $1,537 | $1,130 |
| 1 adult 2 children | $1,220 | $745 | $746 | $1,537 | $1,198 |
| 2 adults 1 child | $1,220 | $789 | $904 | $769 | $978 |
| 1 adult 1 child | $1,220 | $509 | $550 | $769 | $888 |
| 2 adults | $1,072 | $633 | $709 | $0 | $796 |
| 1 adult | $1,054 | $346 | $354 | $0 | $710 |
Safety trends & Data
In Clarke County, Virginia, property crime trends over the past five years show occasional spikes, with larceny-theft peaking in 2019 at 13.00 incidents and vandalism seeing a notable increase in 2020 at 17.00 incidents before declining. Meanwhile, fraud and burglary rates have stayed relatively stable. This fluctuating yet manageable property crime rate could be crucial for evaluating community safety and investment... Read more
Property Crime Trends in Clarke County, VA Over the Last 5 Years
Over the last five years in Clarke County, Virginia, property crime trends reveal some interesting patterns that could be important for prospective buyers, investors, and real estate professionals. Larceny-theft has shown occasional spikes, with the highest number in 2019 (13.00). Vandalism saw a significant increase in 2020 (17.00) but then subsided. Fraud and burglary numbers have remained relatively stable. These trends may suggest a fluctuating yet manageable property crime rate, which is relevant for assessing community safety and property investment risk.
Demographics
Clarke County, Virginia, shows a balanced gender distribution with slight female predominance among adults. Educational attainment appears varied, though a significant portion holds high school diplomas, some college experience, or higher degrees. Age-wise, the population skews towards those aged 45 and above, hinting at a possibly aging demographic. The racial composition is predominantly White, with smaller communities of Black or African American, Asian, and other... Read more
Race Distribution in Clarke County, Virginia (2022)
Educational Attainment in Clarke County, Virginia (2022)
Age Distribution in Clarke County, Virginia
Citizen Population in Clarke County, Virginia (2022)
Political Trends & Data
Clarke County, Virginia tends to lean Republican, with about 55.6% of votes favoring GOP candidates in recent presidential elections. Democrats hold around 41.9% of the vote share, while Libertarians and other third parties showcase minimal influence, capturing roughly 1.9% and even less, respectively. This political tendency highlights a consistently two-party dominant environment with only slight third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clarke County, Virginia shows a stronger inclination toward Republican candidates, with approximately 55.6% of votes, compared to about 41.9% for Democrats. Libertarians seem to have a modest presence, possibly capturing around 1.9% of the vote. Other parties, including Green, appear to have minimal influence, suggesting a political landscape primarily dominated by the two major parties with slight third-party engagement.
55.61% of voters voted for the Republican party in the 2020 Presidential Election
41.98% of voters voted for the Democrat party in the 2020 Presidential Election
1.91% of voters voted for the Livertarian party in the 2020 Presidential Election
0.50% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Clarke County, Virginia, the student-to-teacher ratio has shown a promising decline over the past decade, particularly after peaking in 2015 at fifteen students per teacher. The ratio dropped to twelve students per teacher in 2021, suggesting improvements in education quality. For investors and potential residents, this trend may be indicative of a stronger local education system, potentially boosting property values and the area's overall desirability. Appraisers and insurance agents might... Read more
Student-to-teacher ratio in Clarke County, Virginia over the last 10 years
Over the past decade, Clarke County, Virginia has generally trended towards a lower student-to-teacher ratio, particularly after peaking in 2015 with fifteen students per teacher. Since then, the numbers have consistently remained closer to, or below, the national average of fourteen. Notably, the ratio dipped to twelve students per teacher in 2021, indicating potential improvements in education quality and attention per student. For investors, real estate agents, and those considering relocating, this shift could signify a stronger local education system, which often correlates with rising property values and community desirability. Appraisers and insurance agents might need to consider these trends as they affect the risk assessments and valuations of properties within the county.
