Emporia city Real Estate and Livability Trends
In Emporia City, Virginia, the average taxable income per tax return has generally risen from around $35,085.94 in 2013 to roughly $40,434.55 by 2021, suggesting incremental economic improvement. Despite fluctuating tax burdens, the average total tax liability per tax return decreased to approximately $4,902.98 by 2021, which could signal broader economic shifts appealing to new residents and... Read more
Emporia city Market Trends
Emporia city, Virginia's median home values have fluctuated, peaking at $129,400 in 2022 after dipping to $104,500 in 2021, presenting more affordable options compared to Virginia's $339,800 statewide median and the national $179,400. Residential energy tax credits in Emporia spiked to $1,250.00 in 2020, indicating growing investments in energy-efficient improvements, a trend that could appeal to... Read more
Median Value of Occupied Housing Units in Emporia city, Virginia Over the Last 8 Years
Emporia city, Virginia's median home values have shown some fluctuations over the past eight years, peaking at $129,400 in 2022, after a dip to $104,500 in 2021. In comparison, Virginia's statewide median has consistently climbed, reaching $339,800 in 2022. National values have similarly been on an upward trajectory, hitting $179,400 in 2022. Emporia's housing market appears to offer more affordable options relative to broader state and national trends, which might be an advantage for those looking to invest or buy homes within the city.
Residential Energy Tax Credit Per Tax Return in Emporia city, VA Over the Last 7 Years
Emporia city, Virginia has seen significant fluctuations in residential energy tax credits over the past seven years. While the average credit per tax return was around $300.00 in 2013 and 2016, it spiked to an impressive $1,250.00 in 2020 before slightly dropping to $1,066.67 in 2021. This upward trend, especially in recent years, may suggest a growing investment in energy-efficient home improvements, appealing to potential investors, appraisers, and real estate agents monitoring market dynamics and sustainability trends.
Average Real Estate Taxes Per Tax Return in Emporia city, VA Over the Last 10 Years
Average real estate taxes per tax return in Emporia city, Virginia, have shown a notable increase over the past decade, rising from approximately $1,668.29 in 2012 to $2,442.86 in 2021. This steady climb, particularly since 2018, might indicate the area's evolving property valuations and potential development. For investors and real estate professionals, this growth could suggest a robust property market. However, for current residents or future movers, the heightened tax burden might require careful financial consideration.
Number of Mortgages by Occupancy Type in Emporia city, VA Over the Last 5 Years in Emporia city
Emporia city, Virginia has seen distinct fluctuations in mortgage counts by occupancy type over the last five years. Notably, mortgages for principal residences typically dominate the market, peaking at 150 in 2021, suggesting steady demand for primary homes. Meanwhile, investment properties have shown a more volatile trend, with notable increases in some years, which may imply rising interest among investors who perhaps see potential for rental or resale opportunities. Second residences, although minimal compared to other types, still indicate a niche market presence. Changes in occupancy type could impact local economic dynamics, property values, and insurance rates, making it essential for potential buyers, investors, real estate agents, and appraisers to stay informed on these trends.
Economic Outlook
Over the past nine years, average taxable income per tax return in Emporia city, Virginia, has shown a general upward trend, rising from approximately $35,085.94 in 2013 to about $40,434.55 by 2021. This gradual increase might signal growing economic opportunities, potentially attracting investors, real estate agents, and new residents. Average state and local income taxes have fluctuated, with a significant decrease to around $3,060.00 in 2021, compared to peaks just under $4,000.00 in... Read more
Average Taxable Income per Tax Return in Emporia city, VA over the last 9 years
Over the past nine years, the average taxable income per tax return in Emporia city, Virginia has shown a general upward trend. Starting at approximately $35,085.94 in 2013, it dipped slightly but steadily increased to about $40,434.55 by 2021. This gradual rise could indicate burgeoning economic opportunities and potentially make the city a more attractive prospect for investors, real estate agents, and those considering relocation. The trend is particularly relevant for appraisers and insurance agents as increasing incomes may affect property values and insurance premiums. It's a promising sign for developers and business owners looking to capitalize on a growing financial base in the area.
Average State and Local Income Taxes Per Tax Return in Emporia city, VA Over the Last 10 Years
Over the last decade in Emporia, Virginia, average state and local income taxes per tax return have had notable fluctuations. In 2021, taxpayers saw a significant decline to approximately $3,060.00, contrasting with peaks seen around 2017 and 2019 where amounts were just under $4,000.00. This volatility could affect financial planning for potential investors, residents, and policy makers, making it essential to consider these variations when evaluating the long-term economic stability of the area.
Average Total Tax Liability Per Tax Return in Emporia city, VA Over the Last 10 Years
Over the last decade, Emporia city in Virginia has seen its average total tax liability per tax return decrease from around $5,413.04 in 2012 to approximately $4,902.98 in 2021. This downward trend in tax liability might suggest a shift in the economic landscape, potentially affecting those interested in investment opportunities and real estate markets. Reduced tax burdens may be appealing to new residents and businesses, while appraisers and insurance agents might observe shifts in property values and risk assessments accordingly. This data could be an indicator of broader economic changes, making it useful for strategic planning in various sectors.
Cost of Living in Emporia city
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,073 | $1,335 | $1,681 | $1,259 | $1,019 |
| 1 adult 4 children | $1,073 | $1,090 | $1,284 | $1,259 | $1,121 |
| 2 adults 3 children | $1,073 | $1,091 | $1,459 | $1,259 | $841 |
| 1 adult 3 children | $1,073 | $890 | $1,062 | $1,259 | $869 |
| 2 adults 2 children | $802 | $893 | $1,237 | $1,102 | $706 |
| 1 adult 2 children | $802 | $667 | $840 | $1,102 | $644 |
| 2 adults 1 child | $802 | $706 | $1,015 | $589 | $657 |
| 1 adult 1 child | $802 | $456 | $618 | $589 | $570 |
| 2 adults | $609 | $567 | $793 | $0 | $527 |
| 1 adult | $595 | $309 | $396 | $0 | $472 |
Safety trends & Data
Property crime trends in Emporia City, Virginia appear to show fluctuating patterns over the past five years, with larceny-theft consistently leading arrest numbers. There was a notable dip from 66 incidents in 2018 to 27 in 2019, peaking again at 36 in 2022. Sporadic spikes in vandalism and burglary were noted, especially with vandalism rising to 11 cases in 2021 and burglary surging to 7 cases in 2020. Embezzlement, fraud, and motor vehicle theft remained relatively stable but low in... Read more
Property Crime Trends in Emporia city, VA Over the Last 5 Years
Property crime trends in Emporia City, Virginia reveal fluctuating yet notable patterns over the past five years. Larceny-theft consistently dominates total arrest numbers, with a significant drop from 66 incidents in 2018 to 27 in 2019, before wavering in subsequent years, peaking again at 36 in 2022. Vandalism and burglary numbers present sporadic spikes, particularly a rise to 11 cases of vandalism in 2021 and burglary surging to 7 cases in 2020. An emerging trend shows embezzlement, fraud, and motor vehicle theft maintaining relatively stable, low frequencies with occasional variations, signaling potential areas for targeted interventions. These insights could be crucial for real estate investors, insurance agents, and community planners in assessing risk and formulating strategies within this locality.
Demographics
Emporia city, Virginia exhibits a noticeable gender imbalance with a higher number of females compared to males. Educational attainment levels reveal a significant portion of the population holding a high school diploma, while fewer pursue higher education degrees. The age distribution is fairly even across different age groups, with a slight peak among the under-10 and 35-44 age ranges. Racially, the city has a predominant Black or African American population, which constitutes a considerable... Read more
Race Distribution in Emporia city, Virginia (2022)
Educational Attainment in Emporia city, Virginia (2022)
Age Distribution in Emporia city, Virginia
Citizen Population in Emporia city, Virginia (2022)
Political Trends & Data
Emporia City in Virginia is a stronghold for the Democratic party, with Democrats possibly capturing around 68% of the vote in the 2020 U.S. Presidential Election. Republicans appeared to secure roughly 32%, with minor parties receiving minimal backing. This dynamic suggests a primarily two-party competition and could reflect either a steadfast Democratic base or evolving political sentiments, which may shape future campaign strategies and grassroots initiatives in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Emporia City in Virginia leaned heavily towards the Democratic party in the 2020 U.S. Presidential Election, with Democrats possibly capturing around 68% of the vote, while Republicans seemed to secure approximately 32%. Minor parties like the Libertarian and others, though present, garnered minimal support, suggesting a primarily two-party dynamic in the voting trends. This skew could indicate a solid Democratic stronghold or shifting political landscapes, warranting attention to future electoral strategies and grassroots mobilization efforts.
31.63% of voters voted for the Republican party in the 2020 Presidential Election
67.62% of voters voted for the Democrat party in the 2020 Presidential Election
0.55% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Emporia City, Virginia's student-to-teacher ratio has dropped from 14 in 2014 to nearly 11 in 2023, indicating smaller class sizes. This trend, more favorable than the national average of 14, may appeal to families prioritizing education quality, potentially impacting local real estate markets and school funding decisions. For investors, appraisers, insurance agents, and real estate agents, these shifts might signal changes in community priorities, potentially boosting housing demand and... Read more
Student-to-teacher ratio in Emporia City, Virginia over the last 10 years
The student-to-teacher ratio in Emporia City, Virginia has shown a consistent downward trend over the past decade, decreasing from 14 in 2014 to nearly 11 in 2023. This decline suggests smaller class sizes, potentially enhancing individual student attention and educational outcomes. Compared to the current national average of 14 students per teacher, Emporia City exhibits a more favorable ratio, which could be attractive to families prioritizing education quality and possibly influencing local real estate markets and school funding decisions. For investors, appraisers, insurance agents, and real estate agents, these changing ratios could indicate shifts in community priorities and potential growth in housing demand, impacting property values and insurance needs.
