Dickenson County Real Estate and Livability Trends
Dickenson County, Virginia has exhibited a steady rise in average taxable income per tax return, from $40,564.36 in 2013 to $47,554.60 in 2021, possibly reflecting a strengthening local economy or increasing individual earnings. With median home values at $89,200 in 2022, the county offers a compelling case for affordable housing, significantly lower than both the state and national medians. The... Read more
Dickenson County Market Trends
Dickenson County, Virginia offers a compelling case for affordable housing, with median home values significantly lower than state and national medians—$89,200 in 2022 versus Virginia's $339,800 and the national $179,400. Real estate taxes have shown volatility, peaking at $2,250.00 in 2020, indicating potential unpredictability for investors. Energy tax credits have also fluctuated, hinting at... Read more
Median Value of Occupied Housing Units in Dickenson County, Virginia Over the Last 8 Years
Dickenson County, Virginia, has seen a varied trend in median home values over the last eight years. Starting from $74,100 in 2015, values dipped slightly and then peaked at $89,200 in 2022. Despite this increase, the median home value in Dickenson County remains substantially lower than both the state median, which reached $339,800 in 2022, and the national median of $179,400 the same year. This makes Dickenson County particularly attractive for those seeking more affordable housing options in Virginia, especially compared to rapidly climbing state and national averages.
Residential Energy Tax Credit Per Tax Return in Dickenson County, VA Over the Last 6 Years
Dickenson County, Virginia has seen a fluctuating trend in average residential energy tax credits per tax return over the last six years. The numbers peaked twice in 2014 and 2020 at around $433.33 and hit a low in 2019 at $250.00. For investors and property builders, this variation could indicate periods of increased adoption of energy-efficient solutions, which might align with local or federal incentives. Real estate agents and appraisers might find these trends useful in evaluating property values and their attractiveness to environmentally-conscious buyers.
Average Real Estate Taxes Per Tax Return in Dickenson County, VA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Dickenson County, Virginia, have shown considerable fluctuations, peaking at $2,250.00 in 2020 and dipping to $971.79 in 2012. These shifts could impact decisions regarding property investment, construction, and appraisals in the county. Notably, the rise to $1,575.00 in 2018 and subsequent sharp increase to $2,250.00 in 2020 suggest a volatility that might interest real estate agents, insurance agents, and potential homebuyers looking to understand their future tax liabilities. This variability is crucial for anyone involved in real estate or finance looking to predict trends and plan accordingly.
Percentage of Farm Returns in Dickenson County, VA Over the Last 10 Years
Over the last decade, Dickenson County, Virginia has seen slight fluctuations in the percentage of farm tax returns, ranging from 1.58% to 1.82%. Farm tax returns serve as a financial snapshot of the agricultural sector's economic activity within the county, reflecting how many local residents are involved in farming and reporting related income. The data implies a relatively stable agricultural presence, with a slight uptick in recent years. This steady trend could suggest a resilient farming community, making Dickenson County a potentially stable place for agricultural investments or new farming ventures.
Number of Mortgages by Occupancy Type in Dickenson County, VA Over the Last 5 Years in Dickenson County
Trends in the number of mortgages in Dickenson County, Virginia, highlight a significant focus on principal residences, with a consistent lead over investment and second properties. This preference indicates potential stability if you're considering investing in the area for long-term returns or establishing a primary home. Notably, 2021 saw a peak with 342 principal residence mortgages, while investment properties had a noticeable but lower presence, peaking in 2020 with 95 mortgages. Changes in occupancy types can reflect economic shifts, such as job availability or housing market conditions, thus aiding appraisers, insurers, and those in real estate to better understand local demand and tailor their strategies accordingly.
Economic Outlook
Dickenson County, Virginia has exhibited a steady rise in average taxable income per tax return, climbing from $40,564.36 in 2013 to $47,554.60 in 2021, possibly indicating a strengthening local economy or rising individual earnings. Accompanying this, average state and local income taxes have also fluctuated, hitting $6,600.00 in 2021. Notably, total tax liability saw a dip to $4,681.79 in 2020 before spiking to $5,490.14 in 2021, signaling potential economic or policy changes. These trends... Read more
Average Taxable Income per Tax Return in Dickenson County, VA over the last 9 years
Dickenson County, Virginia has seen a general upward trend in average taxable income per tax return over the past nine years. Starting at $40,564.36 in 2013, it saw a modest increase, fluctuating slightly year on year until a notable rise beginning in 2018, peaking at $47,554.60 in 2021. This trend may suggest a slowly improving local economy, heightened individual earnings, or potentially both factors at play, offering a compelling consideration for investors and real estate agents eyeing growth regions. Insurance agents might also find it noteworthy when assessing risk and policy pricing related to income levels.
Average State and Local Income Taxes Per Tax Return in Dickenson County, VA Over the Last 10 Years
Over the past decade, Dickenson County, Virginia has seen fluctuations in average state and local income taxes per tax return, starting from around $5,061.36 in 2012, dipping slightly in 2013, and peaking to $6,600.00 in 2021. Such variability could hint at shifts in economic conditions or policy adjustments, making it essential for investors, real estate agents, and those moving to the area to consider how these taxes may impact financial planning and property values. Notably, the peak in 2020 and 2021 might reflect reactive policy changes or economic pressures, urging potential stakeholders to investigate underlying causes.
Average Total Tax Liability Per Tax Return in Dickenson County, VA Over the Last 10 Years
In Dickenson County, Virginia, the average total tax liability per tax return has fluctuated over the past decade. Starting at $5,291.67 in 2012, it dipped to $4,681.79 by 2020 but saw a significant rise to $5,490.14 in 2021. These variations could impact financial planning for potential investors and residents, indicating the importance of keeping a close watch on local tax trends. Real estate agents and appraisers should consider these shifts when advising clients, as they can influence overall cost of living and property values in the county.
Cost of Living in Dickenson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $965 | $1,424 | $1,512 | $997 | $972 |
| 1 adult 4 children | $965 | $1,163 | $1,154 | $997 | $1,075 |
| 2 adults 3 children | $965 | $1,163 | $1,313 | $997 | $800 |
| 1 adult 3 children | $965 | $949 | $955 | $997 | $819 |
| 2 adults 2 children | $793 | $952 | $1,114 | $871 | $705 |
| 1 adult 2 children | $793 | $711 | $756 | $871 | $648 |
| 2 adults 1 child | $793 | $752 | $915 | $461 | $679 |
| 1 adult 1 child | $793 | $486 | $557 | $461 | $594 |
| 2 adults | $636 | $604 | $716 | $0 | $589 |
| 1 adult | $588 | $330 | $358 | $0 | $518 |
Safety trends & Data
Dickenson County, Virginia's property crime landscape shows fluctuating trends over the past five years, with larceny-theft peaking significantly in 2019 at 19.00 arrests. Burglary incidents surged in 2020 to 9.00, indicating a potential security concern. Stable yet sporadic spikes in fraud, particularly in 2018 and 2022 with 9.00 and 7.00 arrests respectively, add another layer to the county's safety profile. Notable occasional increases in motor vehicle theft and vandalism suggest that... Read more
Property Crime Trends in Dickenson County, VA Over the Last 5 Years
Property crime trends in Dickenson County, Virginia exhibit notable fluctuations over the past five years. Larceny-theft consistently tops the charts, peaking at 19.0 arrests in 2019. Burglary incidents spiked in 2020 with 9.0 occurrences, highlighting a potential area of concern for security. Fraud arrests were relatively stable, with a noticeable increase in years 2018 and 2022 at 9.0 and 7.0 respectively. The presence of motor vehicle theft and vandalism shows occasional upticks, suggesting periodic spikes in specific types of property crimes. These trends are essential for investors, residents, and professionals to understand the evolving safety landscape in the county.
Demographics
In Dickenson County, Virginia, the near-equal gender distribution reflects a balanced adult population, with males slightly outnumbering females. While high school graduates form the backbone of educational attainment, those with bachelor's and graduate degrees remain a smaller cohort, hinting at limited higher education pursuits. The age distribution leans towards a growing senior population, suggesting potential future challenges in services for older residents. The overwhelming majority of... Read more
Race Distribution in Dickenson County, Virginia (2022)
Educational Attainment in Dickenson County, Virginia (2022)
Age Distribution in Dickenson County, Virginia
Citizen Population in Dickenson County, Virginia (2022)
Political Trends & Data
In Dickenson County, Virginia, the 2020 U.S. Presidential Election results showcased a notable Republican dominance with about 79% of the vote. Democrats attracted roughly 21%, with minor parties barely making an impact. This pronounced Republican leaning may inform future political campaign strategies and outreach efforts in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dickenson County, Virginia, data from the 2020 U.S. Presidential Election reveals a significant lean toward the Republican party, capturing around 79% of the vote, while Democrats received approximately 21%. Minor parties like the Libertarian and others barely made a dent, collectively gathering less than 1% of the vote. This suggests a strong Republican preference in local voting behavior, which could influence future campaign strategies and political outreach in the area.
78.66% of voters voted for the Republican party in the 2020 Presidential Election
20.57% of voters voted for the Democrat party in the 2020 Presidential Election
0.60% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Dickenson County, Virginia, has shifted over the past decade, starting with a rise from 14 to nearly 16 between 2014 and 2018 before dropping significantly to about 11 in recent years. This lower ratio, now well below the national average of 14, could attract parents and educators due to the benefit of smaller class sizes, which often means more personalized attention for students. For real estate agents and potential homeowners, this trend could make the area... Read more
Student-to-teacher ratio in Dickenson County, Virginia over the last 10 years
The student-to-teacher ratio in Dickenson County, Virginia has experienced notable fluctuations over the past decade. From 2014 to 2018, the ratio steadily increased from about 14 to nearly 16, indicating classrooms were getting slightly more crowded. However, since 2019, there has been a significant decrease, with the ratio dropping to roughly 11 in recent years, well below the national average of 14. This lower ratio might appeal to parents and educators since smaller class sizes can often lead to more personalized attention for students. For real estate agents and potential homeowners, this trend could signal a point of interest, as communities with better student-to-teacher ratios might be more desirable. Similarly, appraisers and insurance agents might consider these educational metrics when evaluating property values and risks.
