Fauquier County Real Estate and Livability Trends
Fauquier County, Virginia's real estate landscape has heated up significantly, with median home values soaring from $357,200 in 2015 to $501,200 in 2022, outstripping both national and state averages. This sharp rise in property values, alongside a notable increase in average taxable income and real estate taxes, signals promising opportunities for investors. Simultaneously, trends in... Read more
Fauquier County Market Trends
Fauquier County's median home values have experienced a sharp rise from $357,200 in 2015 to $501,200 in 2022, significantly outpacing both national and Virginia state averages. Residential energy tax credits hit a peak of $5,336.36 in 2018, highlighting a possible surge in energy-efficient home upgrades. Average real estate taxes per tax return jumped from $3,867.15 in 2012 to $5,615.35 in 2021,... Read more
Median Value of Occupied Housing Units in Fauquier County, Virginia Over the Last 8 Years
Fauquier County's median home values have experienced a steep upward trend, reaching $501,200 in 2022 from $357,200 in 2015, which is a significantly faster rate of increase compared to the national and Virginia state averages. This outpaces the U.S. average rising to $179,400 from $125,500, and Virginia’s appreciation to $339,800 from $245,000 during the same period. For investors, developers, or homebuyers, this indicates a robust market with potentially high returns, though it could also signal increased costs and competition in the area.
Residential Energy Tax Credit Per Tax Return in Fauquier County, VA Over the Last 9 Years
Investors and homeowners in Fauquier County, Virginia might find the fluctuating residential energy tax credits over the past nine years intriguing. Credits peaked significantly in 2018 at $5,336.36, indicating a potential spike in energy-efficient home improvements. 2019 and 2021 also saw higher than average credits at $1,556.25 and $1,991.18 respectively, suggesting continued investment in energy efficiency. Monitoring these incentives can be crucial for strategic home improvements, investment opportunities, and appraisals.
Average Real Estate Taxes Per Tax Return in Fauquier County, VA Over the Last 10 Years
Average real estate taxes per tax return in Fauquier County, Virginia, have seen a notable increase from $3,867.15 in 2012 to $5,615.35 in 2021. This upward trend suggests rising property values and potentially higher county services or infrastructure investments. For potential investors and property developers, this could mean an appreciating market, while residents and new movers should plan for higher property taxes in their budgets. Real estate agents and insurance agents might use this data to inform clients about long-term cost developments in the area.
Percentage of Farm Returns in Fauquier County, VA Over the Last 10 Years
Over the last decade, the percentage of farm returns in Fauquier County, Virginia has seen a slight but consistent decline. Starting at approximately 2.75% in 2012, the percentage dropped to around 2.08% by 2021. Farm tax returns, essentially a reflection of the financial health and activity of farming businesses, indicate key economic trends. This gradual decrease could imply fewer active or profitable farms, potentially impacting land value and agricultural investments in the region. For investors or those looking to build property, understanding these trends helps gauge the long-term viability and economic health of the county's agricultural sector.
Number of Mortgages by Occupancy Type in Fauquier County, VA Over the Last 5 Years in Fauquier County
In Fauquier County, Virginia, mortgage activity over the past five years shows a substantial skew towards principal residences, with counts typically surpassing 4,000 and peaking at 9,308 in 2020. Investment properties and second residences remain significantly lower, with investment properties hovering around 100-200 mortgages annually, and second residences around 50-100. This trend could signal a stable primary housing market, with potentially limited opportunities for investment and vacation properties, which might influence decisions around buying, selling, and developing housing in the area. Investors and real estate professionals may want to note the relative stability and demand for primary homes versus other property types, which could impact property value forecasts and market strategies.
Economic Outlook
Over the past nine years, Fauquier County, Virginia, has experienced a significant rise in average taxable income per tax return, climbing from $85,238.98 in 2013 to $122,024.09 in 2021. Simultaneously, the average state and local income taxes per tax return jumped from $7,571.22 in 2012 to $14,638.75 by 2021. This suggests potential economic growth and upward property valuations, making it particularly interesting for investors and real estate professionals. Despite fluctuations in poverty... Read more
Average Taxable Income per Tax Return in Fauquier County, VA over the last 9 years
Fauquier County, Virginia has seen a notable increase in average taxable income per tax return over the past nine years, with a steady climb from around $85,238.98 in 2013 to $122,024.09 in 2021. These upward trends could be of interest to investors and property developers, as rising incomes typically signal economic growth and potentially higher property values. Real estate agents and appraisers might leverage this data to anticipate market trends, informing better decisions for clients looking to buy or sell property. Insurance agents could also see this as a factor for assessing risk and setting premiums. Residents and those considering a move to the area might find these insights indicative of favorable economic conditions and a thriving local economy.
Average State and Local Income Taxes Per Tax Return in Fauquier County, VA Over the Last 10 Years
Over the last decade, Fauquier County, Virginia has seen notable increases in average state and local income taxes per tax return. While maintaining a steady rise from $7,571.22 in 2012 to $8,696.87 in 2016, significant jumps occurred post-2017, soaring to $14,638.75 by 2021. This trend could signal a growing economic prosperity or shifting tax policies within the region, impacting decisions for investors, property developers, and residents. Awareness of these fluctuations is crucial for financial planning and appraisals, potentially affecting the overall cost of living and investment profitability in the county.
Average Total Tax Liability Per Tax Return in Fauquier County, VA Over the Last 10 Years
Over the past decade, Fauquier County, Virginia has seen a notable increase in the average total tax liability per tax return, rising from $14,571.88 in 2012 to $23,251.24 in 2021. This trend may indicate a growing affluence or a shift in economic dynamics within the county. The relatively high tax liabilities could suggest that the area attracts higher-income residents or that property values and incomes are rising, which may be critical for potential investors, real estate agents, and those looking to move to the county. This trend is also relevant for appraisers and insurance agents, hinting that properties in the area may carry higher values and associated costs.
Cost of Living in Fauquier County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,816 | $1,617 | $1,492 | $2,026 | $1,958 |
| 1 adult 4 children | $1,816 | $1,320 | $1,137 | $2,026 | $2,137 |
| 2 adults 3 children | $1,816 | $1,321 | $1,296 | $2,026 | $1,700 |
| 1 adult 3 children | $1,816 | $1,078 | $941 | $2,026 | $1,892 |
| 2 adults 2 children | $1,452 | $1,081 | $1,100 | $1,742 | $1,354 |
| 1 adult 2 children | $1,452 | $808 | $746 | $1,742 | $1,441 |
| 2 adults 1 child | $1,452 | $854 | $904 | $820 | $1,097 |
| 1 adult 1 child | $1,452 | $552 | $550 | $820 | $1,047 |
| 2 adults | $1,276 | $686 | $709 | $0 | $889 |
| 1 adult | $1,255 | $374 | $354 | $0 | $819 |
Safety trends & Data
Property crime trends in Fauquier County, Virginia, have shown some variability over the past five years. While larceny-theft remains the most frequent issue, peaking at 72.0 cases in 2018 and then dropping to 46.0 in 2021 before slightly rebounding to 67.0 in 2022, burglary numbers suggest some improvement in security with a drop from 11.0 cases in 2019 to 3.0 in 2022. Meanwhile, arson incidents, though few, remain a notable concern. Vandalism and fraud also present significant numbers,... Read more
Property Crime Trends in Fauquier County, VA Over the Last 5 Years
Property crime in Fauquier County, Virginia, has shown variable trends over the past five years. Larceny-theft consistently leads in incidents, fluctuating from a high of 72.0 cases in 2018 to 46.0 in 2021, and rebounding to 67.0 in 2022. Burglary cases peaked at 11.0 in 2019, with a low of 3.0 in 2022, suggesting improved security measures or reduced criminal activity in recent times. Arson incidents were minimal but notable in the context of overall safety awareness, spiking at 3.0 in 2019. Vandalism and fraud saw significant numbers, hinting at pockets of concern for property owners and investors. These evolving trends underscore the importance of vigilance and preventive strategies for those involved in real estate, investing, or managing properties in the county.
Demographics
Fauquier County, Virginia shows a nearly equal split between its adult male and female populations, signaling balanced gender demographics. The county's educational attainment levels suggest a strong emphasis on higher education, with a substantial portion holding at least a Bachelor's degree. Age-wise, the most significant segments are middle-aged adults (35 to 54 years), highlighting a stable working-age population. The racial composition leans predominantly White, with modest representation... Read more
Race Distribution in Fauquier County, Virginia (2022)
Educational Attainment in Fauquier County, Virginia (2022)
Age Distribution in Fauquier County, Virginia
Citizen Population in Fauquier County, Virginia (2022)
Political Trends & Data
Fauquier County in Virginia seems to lean Republican based on the 2020 U.S. Presidential Election data, with around 57.00% possibly voting for the Republican candidate. Close to 40.00% might have supported the Democratic candidate, indicating a noticeable but smaller Democratic base. Libertarians potentially secured about 2.00% of the vote, while other parties collectively garnered roughly half a... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fauquier County in Virginia appears to have leaned Republican in the 2020 U.S. Presidential Election, with nearly 57% potentially casting their votes for the Republican candidate. Approximately 40% of voters may have supported the Democrat candidate, showing a significant but lesser Democratic presence. Libertarians might have garnered nearly 2% of the vote, while other parties combined drew around half a percent.
57.49% of voters voted for the Republican party in the 2020 Presidential Election
40.22% of voters voted for the Democrat party in the 2020 Presidential Election
1.78% of voters voted for the Livertarian party in the 2020 Presidential Election
0.51% of voters voted for the Other party in the 2020 Presidential Election
School Data
Fauquier County, Virginia's student-to-teacher ratio has seen shifts from about 15 students per teacher in 2015 to holding close to the national average of 14 since 2016. This lower ratio might appeal to families prioritizing quality education, possibly influencing real estate demand and property values locally. Such trends could make the area more attractive for investors and homebuyers looking for favorable school... Read more
Student-to-teacher ratio in Fauquier County, Virginia over the last 10 years
The student-to-teacher ratio in Fauquier County, Virginia has shown notable fluctuations over the last 10 years. Starting at roughly 15 students per teacher in 2015, it dropped to 13 in 2016 and has remained fairly close to the national average of 14 students per teacher since then. Lower ratios can imply more personalized attention for students, which might attract families seeking quality education for their children. This trend could be influential for people investing in real estate, appraising property values, or those generally interested in evaluating the school system’s quality. Real estate agents and potential homebuyers might see this as an indicator of a favorable educational environment, potentially driving demand and impacting property values in the area.
