Culpeper County Real Estate and Livability Trends
Culpeper County, Virginia has experienced a notable rise in average taxable income and median home values, with taxable income increasing from $57,895.06 in 2013 to $77,765.53 in 2021 and median home values surging from $251,600 in 2015 to $369,600 in 2022. This growing affluence, along with higher state and local income taxes, signals robust economic activity and could lead to higher property... Read more
Culpeper County Market Trends
Median home values in Culpeper County, Virginia surged from $251,600 in 2015 to $369,600 in 2022, growing faster than state and national averages. Residential energy tax credits spiked to $2,400.00 in 2018, staying high at $1,631.71 by 2021, suggesting rising investments in energy-efficient upgrades. Average real estate taxes jumped from $2,290.22 in 2012 to about $2,950.98 in 2021, indicative of... Read more
Median Value of Occupied Housing Units in Culpeper County, Virginia Over the Last 8 Years
Median home values in Culpeper County, Virginia have seen considerable growth over the past 8 years, climbing from $251,600 in 2015 to $369,600 in 2022. This local increase has outpaced both state and national averages. For perspective, Virginia's median home values rose from $245,000 to $339,800 in the same timeframe, while nationally, home values went from $125,500 to $179,400. These figures suggest that Culpeper County may offer a dynamic investment opportunity, attracting prospective homeowners and developers looking for rapid value appreciation.
Residential Energy Tax Credit Per Tax Return in Culpeper County, VA Over the Last 9 Years
Residential energy tax credits in Culpeper County, Virginia have shown notable fluctuations over the past nine years. The average tax credit per return saw a significant spike in 2018, hitting $2,400.00, and although it decreased slightly in subsequent years, it remained relatively high, reaching $1,631.71 in 2021. This trend indicates an increasing interest and investment in energy-efficient home improvements. For investors, appraisers, and real estate agents, this suggests a growing market for properties with sustainable features, possibly leading to higher appraised values and better insurance rates. For residents and those considering a move to Culpeper County, the steady rise in energy tax credits might signify both a community valuing sustainability and potential cost savings through energy-efficient investments.
Average Real Estate Taxes Per Tax Return in Culpeper County, VA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Culpeper County, Virginia have generally seen an upward trend. In 2012, the average real estate tax per return was approximately $2,290.22, but it has moved up to roughly $2,950.98 by 2021. The most notable jumps seem to occur between 2016 and 2018, and again from 2020 to 2021, reflecting possible shifts in property values or tax rates. Investors, real estate agents, and anyone looking to move to the area should keep these changes in mind, as increasing taxes can impact overall costs and property valuations.
Percentage of Farm Returns in Culpeper County, VA Over the Last 10 Years
Culpeper County, Virginia has seen a somewhat gradual decline in the percentage of farm tax returns over the last decade, decreasing from approximately 2.75% in 2012 to around 2.13% in 2021. This shift could suggest changing land use patterns, economic pressures on farming, or an evolving local economy. For potential investors or folks interested in building property, this trend might hint at opportunities for development as agricultural land potentially becomes available for other uses. However, it's also worth considering that a diminished farming community could impact local culture and economies if agriculture plays a significant role in the area.
Number of Mortgages by Occupancy Type in Culpeper County, VA Over the Last 5 Years in Culpeper County
Changes in the number of mortgages by occupancy type in Culpeper County, Virginia over the past five years reveal a consistent preference for primary residences, with investment properties and second residences accounting for a smaller share. This trend could imply steadier returns for those investing in primary residential properties, making them a potentially safer bet for investors and real estate developers. For insurance agents, understanding the prevalence of owner-occupied homes might affect policy structuring, while appraisers can leverage this data to more accurately assess property values. Builders and those considering a move to the area can benefit by tailoring their efforts to meet the demand for primary residences, aligning with where the market is growing. These occupancy trends offer valuable insights for anyone involved or interested in Culpeper County’s real estate landscape.
Economic Outlook
Culpeper County, Virginia has seen a notable rise in average taxable income per tax return, increasing from $57,895.06 in 2013 to $77,765.53 in 2021, despite minor fluctuations. Investors and real estate agents might find the persistent upward trend appealing as it points to potential growing affluence and, consequently, higher property values. Coupled with an increase in state and local income taxes, which spiked from $5,023.27 in 2012 to $8,947.55 in 2021, the data suggests robust economic... Read more
Average Taxable Income per Tax Return in Culpeper County, VA over the last 9 years
Over the past nine years, Culpeper County, Virginia, has seen a steady growth in average taxable income per tax return, climbing from approximately $57,895.06 in 2013 to $77,765.53 in 2021. Notably, there was a consistent upward trend despite a slight dip in 2015 and a plateau in 2020, suggesting overall economic resilience. This positive trajectory might catch the eye of investors and real estate agents, indicating potential growing affluence in the area, which could translate to higher property values and a stronger market for both residential and commercial projects. For appraisers and insurance agents, the increasing incomes could also imply higher premiums and valuations.
Average State and Local Income Taxes Per Tax Return in Culpeper County, VA Over the Last 10 Years
Culpeper County, Virginia has shown a notable increase in state and local income taxes per tax return over the last decade. Beginning in 2012 at roughly $5,023.27 and rising to about $8,947.55 in 2021, the trend indicates a steady climb with significant jumps in 2018 and 2021. This upward trend could be a signal of increased economic activity or changes in tax policies, making it a key consideration for potential investors, developers, and current residents assessing the financial landscape.
Average Total Tax Liability Per Tax Return in Culpeper County, VA Over the Last 10 Years
Over the past decade, Culpeper County, Virginia has seen a general uptick in the average total tax liability per tax return, jumping from $8,424.91 in 2012 to $11,727.26 in 2021. This indicates a trend of rising incomes or increased local tax rates, which could be an attractive signal for potential investors and real estate agents. For those considering moving to the area, it's worth noting that higher tax liabilities could imply a stronger local economy but also higher living costs. Insurance agents and property appraisers should keep this trend in mind as it could impact property values and insurance premiums.
Cost of Living in Culpeper County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,485 | $1,516 | $1,549 | $1,725 | $1,600 |
| 1 adult 4 children | $1,485 | $1,238 | $1,182 | $1,725 | $1,742 |
| 2 adults 3 children | $1,485 | $1,239 | $1,346 | $1,725 | $1,335 |
| 1 adult 3 children | $1,485 | $1,011 | $978 | $1,725 | $1,509 |
| 2 adults 2 children | $1,144 | $1,014 | $1,142 | $1,512 | $1,074 |
| 1 adult 2 children | $1,144 | $757 | $775 | $1,512 | $1,144 |
| 2 adults 1 child | $1,144 | $801 | $939 | $820 | $964 |
| 1 adult 1 child | $1,144 | $518 | $571 | $820 | $871 |
| 2 adults | $869 | $644 | $735 | $0 | $727 |
| 1 adult | $863 | $351 | $368 | $0 | $640 |
Safety trends & Data
Culpeper County, Virginia, has seen notable fluctuations in property-related crimes over the past five years, with larceny-theft consistently being the most prevalent, peaking at 137.00 arrests in 2022. Fraud-related offenses have also increased significantly to 55.00 cases in 2022, raising potential concerns for financial security. Vandalism and motor vehicle theft have remained relatively steady with lower arrest numbers. These trends are crucial for prospective property investors, residents,... Read more
Property Crime Trends in Culpeper County, VA Over the Last 5 Years
Over the past five years, Culpeper County, Virginia, has shown notable fluctuations in property-related crimes. Larceny-theft consistently outpaces other categories, peaking at 137.00 arrests in 2022. Fraud-related offenses saw a significant increase to 55.00 cases in 2022, highlighting potential concerns for businesses and residents regarding financial security. While most crime categories have varied, vandalism and motor vehicle theft have maintained relatively steady, albeit lower, arrest numbers. Understanding these trends is crucial for anyone looking to invest in property, move to the county, or engage in real estate and insurance services, as they inform risk assessments and community safety perceptions.
Demographics
Culpeper County, Virginia displays a nearly even split between its male and female adult population, hinting at a balanced community dynamic. Education-wise, high school graduates form the majority, but there's also a substantial segment with some college education or higher degrees, indicating a well-educated populace which might correlate with employment opportunities. The age distribution reveals a significant proportion of residents in the 35 to 64-year range, which could suggest a stable,... Read more
Race Distribution in Culpeper County, Virginia (2022)
Educational Attainment in Culpeper County, Virginia (2022)
Age Distribution in Culpeper County, Virginia
Citizen Population in Culpeper County, Virginia (2022)
Political Trends & Data
Culpeper County, Virginia's real estate market could be subtly influenced by its political landscape, where the 2020 U.S. Presidential Election saw 59% Republican support, 39% Democratic preference, and around 2% for Libertarian and other parties. This conservative-leaning voter base might shape community dynamics and potentially impact market demand for properties, with families possibly favoring stability and traditional values associated with Republican-majority... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Culpeper County, Virginia, the 2020 U.S. Presidential Election results leaned Republican with approximately 59% of the votes, while Democrats secured close to 39%. Libertarian supporters made up a small fraction at nearly 1.5%, and other parties collectively accounted for just under 0.3%. These figures suggest that Culpeper remains a predominantly Republican area, with Democratic and third-party influences being relatively minimal but still present.
59.05% of voters voted for the Republican party in the 2020 Presidential Election
39.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Culpeper County, Virginia's student-to-teacher ratio has varied over the past decade, often aligning with the national average of fourteen students per teacher. A significant spike to twenty-three in 2021 and a subsequent dip to thirteen in 2022 could reflect the pandemic's influence on educational resources and class sizes. These fluctuations might affect property values and community appeal, factors crucial for real estate agents, appraisers, and insurance agents when assessing property... Read more
Student-to-teacher ratio in Culpeper County, Virginia over the last 10 years
Culpeper County, Virginia has seen fluctuating student-to-teacher ratios over the past decade, with most years hovering around the national average of fourteen students per teacher. Notably, 2021 saw a dramatic spike to twenty-three, likely reflecting disruptions caused by the pandemic. In 2022, the ratio dipped down to thirteen before stabilizing closer to the national norm in 2023. For potential investors or residents, these changes in the student-to-teacher ratio could suggest varying levels of educational resource allocation and class size, which might impact property values and community appeal. Furthermore, real estate agents, appraisers, and insurance agents might consider these trends when assessing property desirability or insurance premiums.
