Dinwiddie County Real Estate and Livability Trends
Dinwiddie County, Virginia has seen a significant rise in median home values, climbing from $155,300 in 2015 to $223,800 in 2022. This suggests robust market growth while staying more affordable than the state average. Average taxable incomes have also grown consistently, pointing to a potentially strong local economy that could drive property values higher. Meanwhile, the student-to-teacher... Read more
Dinwiddie County Market Trends
Dinwiddie County, Virginia has shown notable growth in median home values from $155,300 in 2015 to $223,800 in 2022, outpacing the national average but remaining more affordable than the state level. Residential energy tax credits peaked at $2,509.09 in 2018, indicating strong incentives for energy-efficient upgrades, despite a dip to $1,314.29 in 2021. Real estate taxes have increased from... Read more
Median Value of Occupied Housing Units in Dinwiddie County, Virginia Over the Last 8 Years
Over the last eight years, the median home values in Dinwiddie County, Virginia, have seen an upward trajectory starting at $155,300 in 2015 and reaching $223,800 in 2022. When compared to the state of Virginia, where home values moved from $245,000 to $339,800, Dinwiddie County appears to offer more affordable housing options while still experiencing significant growth. Nationally, home values went from $125,500 in 2015 to $179,400 in 2022, which places Dinwiddie County above the national average but below the state average. This trend suggests that Dinwiddie County might appeal to individuals looking for a balance between affordability and rising property values, making it an intriguing option for both investors and potential residents.
Residential Energy Tax Credit Per Tax Return in Dinwiddie County, VA Over the Last 9 Years
Homeowners in Dinwiddie County, Virginia may find the residential energy tax credits quite compelling, especially with a noticeable uptrend over the years. The average credit per tax return peaked in 2018 at $2,509.09, reflecting significant investment in energy-efficient upgrades. Although there was a minor drop to $1,314.29 in 2021, the figures still suggest a strong incentive to invest in energy savings. These fluctuations might indicate varying levels of awareness or financing opportunities for energy-efficient projects among residents. For potential investors and real estate agents, this could signal a growing market for properties with green upgrades. Appraisers and insurance agents might also see value in considering these credits when evaluating homes.
Average Real Estate Taxes Per Tax Return in Dinwiddie County, VA Over the Last 10 Years
Real estate taxes in Dinwiddie County, Virginia have shown a noticeable upward trend over the past decade. From 2012 to 2021, the average tax per return increased from approximately $1,766.15 to about $2,189.16. This rise might reflect growing property values, which can be a signal of economic development and increasing desirability in the county. The sharpest uptick occurred between 2017 and 2019, suggesting a potential boost in property market activity. This data could be particularly relevant for prospective investors, real estate agents assessing market evolution, or insurance agents adjusting to higher property values.
Percentage of Farm Returns in Dinwiddie County, VA Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Dinwiddie County, Virginia has seen slight fluctuations, ranging from approximately 1.83% to 2.26%. This modest variability suggests that agricultural businesses in the area maintain a relatively consistent presence. Farm tax returns generally pertain to the income reported by those engaged in farming activities, which might include crop production, livestock, or other agricultural endeavors. For potential investors, understanding these trends is crucial as they provide insight into the stability and potential growth of the local agricultural industry. Those looking to move to, build property in, or invest in Dinwiddie County might find the steady farm return percentages indicative of a resilient agricultural sector that could offer opportunities for rural development, agri-business investments, or a stable living environment supported by local farming activities.
Number of Mortgages by Occupancy Type in Dinwiddie County, VA Over the Last 5 Years in Dinwiddie County
Dinwiddie County, Virginia has seen a noticeable rise in the number of mortgages for principal residences from 2018 to 2021, peaking at 2,276 in 2021 before a slight decline in 2022. Investment properties also increased, reaching 85 in 2021, while second residence mortgages have remained relatively stable yet low. Shifts in occupancy type can influence local market stability and urban development; higher rates of principal residence mortgages might suggest a growing, more permanent population, attracting amenities and services. Real estate investors, appraisers, and developers may want to consider these dynamics when planning new projects or assessing property values in Dinwiddie County.
Economic Outlook
Dinwiddie County, Virginia has experienced consistent growth in average taxable income per tax return over the past nine years, climbing from $48,634.78 in 2013 to $60,423.82 in 2021. This upward trend indicates a potentially robust local economy, which could be appealing for investors and real estate agents aiming for higher property values. Additionally, state and local income taxes per tax return have also risen, from $3,817.16 in 2012 to $5,036.63 in 2021, reflecting potential economic or... Read more
Average Taxable Income per Tax Return in Dinwiddie County, VA over the last 9 years
Over the past nine years, Dinwiddie County, Virginia has seen a notable, steady increase in the average taxable income per tax return, growing from $48,634.78 in 2013 to $60,423.82 in 2021. This upward trend could be attractive to investors and real estate agents as it may suggest a strengthening local economy and potentially higher property values. For those considering moving to or building in the area, the rising incomes might indicate healthier economic opportunities and better financial stability. Insurance agents and appraisers could find this data useful for evaluating risk and setting appropriate premiums based on the county's positive economic trajectory.
Average State and Local Income Taxes Per Tax Return in Dinwiddie County, VA Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Dinwiddie County, Virginia have shown a general increase, starting from $3,817.16 in 2012 and reaching $5,036.63 in 2021. Noticeable jumps occurred in 2015 and again in 2019, hinting at potential economic or policy changes impacting tax liabilities. These upward trends could be significant for investors, property developers, and residents as they reflect shifting financial commitments and possibly an evolving economic landscape in the county.
Average Total Tax Liability Per Tax Return in Dinwiddie County, VA Over the Last 10 Years
Over the past decade, Dinwiddie County, Virginia, has seen a gradual increase in the average total tax liability per tax return, with figures rising from $6,186.58 in 2012 to $7,565.74 in 2021. This trend suggests a steady economic development and possibly higher income levels in the region, which could be of interest to real estate investors, appraisers, and insurance agents looking to assess the area's financial health. For potential movers or current residents, this upward trend might reflect improving local amenities and services, though it could indicate a higher cost of living as well.
Cost of Living in Dinwiddie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,557 | $1,416 | $1,603 | $1,470 | $1,533 |
| 1 adult 4 children | $1,557 | $1,156 | $1,223 | $1,470 | $1,705 |
| 2 adults 3 children | $1,557 | $1,156 | $1,392 | $1,470 | $1,304 |
| 1 adult 3 children | $1,557 | $944 | $1,012 | $1,470 | $1,444 |
| 2 adults 2 children | $1,204 | $947 | $1,181 | $1,281 | $1,036 |
| 1 adult 2 children | $1,204 | $707 | $801 | $1,281 | $1,090 |
| 2 adults 1 child | $1,204 | $748 | $970 | $666 | $949 |
| 1 adult 1 child | $1,204 | $483 | $591 | $666 | $855 |
| 2 adults | $1,067 | $601 | $759 | $0 | $800 |
| 1 adult | $1,043 | $328 | $380 | $0 | $719 |
Safety trends & Data
Property crime trends in Dinwiddie County, Virginia, show varying patterns over the last five years. Larceny-theft significantly declined from 36 cases in 2018 to 6 in 2022, suggesting improvements in theft prevention or reporting. Burglary levels have been relatively stable, with brief spikes. Fraud and vandalism cases remain erratic, and although embezzlement is generally low, it peaked slightly in 2018 and 2021. Motor vehicle theft, initially rare, increased to 5 cases in 2022. These crime... Read more
Property Crime Trends in Dinwiddie County, VA Over the Last 5 Years
Property crime trends in Dinwiddie County, Virginia, reveal fluctuating instances across various categories over the past five years. Notably, larceny-theft showed a significant decrease from 36 cases in 2018 to just 6 in 2022, indicating a potential improvement in theft prevention or reporting. Burglary rates have remained relatively stable, with occasional spikes, such as 8 cases in 2018 and 4 in 2022. Cases of fraud and vandalism have been sporadic, whereas embezzlement, despite being generally low, peaked slightly in 2018 and 2021. Motor vehicle theft, scarce initially, rose to 5 cases in 2022. These variations suggest localized efforts in tackling specific crimes may be yielding positive results, which could be of interest to potential movers, investors, and those involved in property insurance and real estate within the county.
Demographics
Dinwiddie County, Virginia sees a slight female majority with a nearly even split between males and females. A significant portion of residents has completed high school, though there's a noticeable drop-off in higher education degrees. The age distribution indicates a balanced mix across various age groups, with a larger proportion skewed towards the 45-64 years range. The county's racial composition is predominantly White, followed by a substantial Black or African American... Read more
Race Distribution in Dinwiddie County, Virginia (2022)
Educational Attainment in Dinwiddie County, Virginia (2022)
Age Distribution in Dinwiddie County, Virginia
Citizen Population in Dinwiddie County, Virginia (2022)
Political Trends & Data
In Dinwiddie County, Virginia, the 2020 U.S. Presidential Election results subtly indicate a Republican-leaning population with Republicans potentially securing around 57.6% of the vote. Democrats, on the other hand, gathered approximately 41.2%, and Libertarian support sat at about 1%. This voting pattern hints at prevailing conservative sentiments that may influence local policies and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dinwiddie County, Virginia, Republicans potentially secured a majority with approximately 57.6% of the vote, while Democrats garnered around 41.2%. Libertarians had a minimal share at about 1%, and other parties received even less. This distribution suggests a significant lean towards the Republican Party in the 2020 U.S. Presidential Election, which could indicate prevailing conservative sentiments in this region.
57.61% of voters voted for the Republican party in the 2020 Presidential Election
41.24% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
Dinwiddie County, Virginia has seen its student-to-teacher ratio drop from around 16 students per teacher in the mid-2010s to just over 13 in 2023, below the national average of 14. This shift could enhance educational quality and attract families prioritizing smaller class sizes. For real estate agents and investors, these trends hint at a growing appeal of the area for new residents seeking educational advantages. Additionally, favorable educational statistics might influence property... Read more
Student-to-teacher ratio in Dinwiddie County, Virginia over the last 10 years
Dinwiddie County, Virginia has seen a gradual decline in its student-to-teacher ratio over the past decade, dropping from roughly 16 students per teacher in the mid-2010s to just over 13 in 2023. This improvement places the county below the national average of 14 students per teacher, potentially enhancing the quality of education and attracting families who prioritize smaller class sizes. For potential investors and real estate agents, these trends suggest a strengthening appeal of the area for new residents seeking educational advantages for their children. Such metrics could also influence appraisals and insurance assessments, as properties in regions with favorable educational statistics may hold more value and present lower risk.
