Fluvanna County Real Estate and Livability Trends
Fluvanna County, Virginia's real estate market potentially benefits from rising average taxable incomes, which increased from $57,843.63 in 2013 to $75,983.76 in 2021. Home values also jumped from $215,600 in 2015 to about $270,900 in 2022, signaling attractive investment possibilities despite trailing the state average of $339,800. The decline in the student-to-teacher ratio to 13.8 could make... Read more
Fluvanna County Market Trends
Home values in Fluvanna County, Virginia jumped from $215,600 in 2015 to around $270,900 in 2022, but still trail behind the state average, which hit $339,800. Compared to national trends, Fluvanna County provides a balanced cost-locality equation appealing for potential investors. Residential energy tax credits experienced wild swings, hitting $3,200.00 in 2018 before stabilizing around... Read more
Median Value of Occupied Housing Units in Fluvanna County, Virginia Over the Last 8 Years
Over the last eight years, Fluvanna County, Virginia, has seen its median home values rise from $215,600 in 2015 to $270,900 in 2022. Although this growth is impressive, it generally lags behind the state of Virginia, where median values soared from $245,000 in 2015 to $339,800 in 2022. Compared to the national trend, where values increased from $125,500 to $179,400 during the same period, Fluvanna County's housing market presents a more appealing opportunity for investors and prospective homeowners looking for a balance between cost and locality within the state.
Residential Energy Tax Credit Per Tax Return in Fluvanna County, VA Over the Last 9 Years
In Fluvanna County, Virginia, the average residential energy tax credit per tax return has seen significant fluctuations over the past nine years. Notably, there was a sharp increase from $790.91 in 2017 to $3,200.00 in 2018, followed by a decline to $1,694.44 in 2019 and stabilizing to around $1,572.73 in 2021. This likely indicates periods of heightened investment in energy-efficient improvements and possible changes in energy policies or credits offered. Such trends may interest investors and real estate agents aiming to understand the viability and ROI of energy-efficient home projects.
Average Real Estate Taxes Per Tax Return in Fluvanna County, VA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Fluvanna County, Virginia have generally increased from around $2,086.62 in 2012 to about $3,506.80 in 2021. Notably, 2018 saw a significant jump with average taxes reaching around $3,422.05, continuing an upward trend from earlier years and indicating potentially rising property values or tax rates. Investors, homebuyers, and real estate professionals may find this information crucial for understanding the area's financial landscape and making informed decisions.
Percentage of Farm Returns in Fluvanna County, VA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Fluvanna County, Virginia has generally hovered around 1.5% to 1.8%, reflecting a relatively stable agricultural economy. Notable fluctuations include peaks near 1.88% in 2013 and dips down to 1.41% in 2020, possibly indicating external factors affecting farming businesses. These percentages suggest a modest but consistent presence of farming activity which could appeal to those considering agricultural investments or appreciating a rural lifestyle.
Number of Mortgages by Occupancy Type in Fluvanna County, VA Over the Last 5 Years in Fluvanna County
In Fluvanna County, Virginia, the number of mortgages for principal residences has significantly outstripped those for investment and second properties over the last five years. Notably, 2021 saw a peak with 2,886 principal residence mortgages. This substantial rise in primary home loans might suggest a growing trend towards long-term habitation and community growth, potentially signaling stable investment opportunities for real estate investors and developers. Conversely, mortgages for second residences and investment properties remain relatively low, which may indicate limited market pressure in these sectors, affecting demand dynamics for appraisers and insurance agents. These shifts in occupancy types can further influence lending risks, property values, and insurance assessments.
Economic Outlook
Fluvanna County, Virginia's real estate market may be buoyed by a marked rise in average taxable incomes from $57,843.63 in 2013 to $75,983.76 in 2021, signaling potential economic growth. This trend, alongside increased average state and local income taxes, growing from $4,316.11 in 2012 to about $7,457.43 in 2021, could reflect both rising earnings and policy shifts, factors vital for assessing investment prospects. Additionally, the climb in average total tax liabilities from $7,304.00 in... Read more
Average Taxable Income per Tax Return in Fluvanna County, VA over the last 9 years
Over the past nine years, Fluvanna County, Virginia has seen a fairly steady increase in its average taxable income per tax return. Starting from $57,843.63 in 2013, there's been a noticeable upward trend, peaking in 2021 at $75,983.76. This growth trajectory might indicate economic vitality and could be promising for investors, real estate agents, and those considering moving to the area. However, it's also essential to keep in mind potential fluctuations, such as the dip seen in 2020, likely tied to broader economic factors.
Average State and Local Income Taxes Per Tax Return in Fluvanna County, VA Over the Last 10 Years
Over the past decade, Fluvanna County, Virginia has experienced a noticeable increase in average state and local income taxes per tax return, rising from around $4,316.11 in 2012 to approximately $7,457.43 in 2021. This escalating trend could be a reflection of growing incomes or adjustments in tax policies, and it's something prospective investors, property builders, and real estate agents should be mindful of when evaluating the region's financial landscape. Given the rise in tax responsibilities, insurance agents and appraisers might also find updated assessments and coverage considerations necessary for accurate appraisals and policy formulations.
Average Total Tax Liability Per Tax Return in Fluvanna County, VA Over the Last 10 Years
Fluvanna County, Virginia has seen a general upward trend in the average total tax liability per tax return over the last decade. From $7,304.00 in 2012, the figure has climbed to an estimated $10,473.81 by 2021, with notable jumps potentially driven by changes in local economic conditions or policy shifts. This increase might suggest a growing economic base and rising property values, which could be crucial for prospective investors, appraisers, and real estate agents evaluating the area's market potential. The fluctuating but generally rising tax liability also provides useful insights for residents and insurance agents when assessing financial plans and coverage.
Cost of Living in Fluvanna County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,575 | $1,544 | $1,626 | $1,555 | $1,657 |
| 1 adult 4 children | $1,575 | $1,261 | $1,241 | $1,555 | $1,820 |
| 2 adults 3 children | $1,575 | $1,262 | $1,412 | $1,555 | $1,408 |
| 1 adult 3 children | $1,575 | $1,030 | $1,027 | $1,555 | $1,579 |
| 2 adults 2 children | $1,267 | $1,033 | $1,198 | $1,358 | $1,141 |
| 1 adult 2 children | $1,267 | $771 | $813 | $1,358 | $1,196 |
| 2 adults 1 child | $1,267 | $816 | $984 | $717 | $1,014 |
| 1 adult 1 child | $1,267 | $527 | $599 | $717 | $926 |
| 2 adults | $1,060 | $656 | $770 | $0 | $820 |
| 1 adult | $1,054 | $358 | $385 | $0 | $731 |
Safety trends & Data
Fluvanna County, Virginia, has seen varied property crime trends over the past five years. Larceny-theft peaked in 2018 with six cases but has mostly declined since. Burglary and vandalism have stayed fairly constant, while fraud has shown slight increases and then leveled off. The occasional arson case, like one in 2022, suggests rare spikes in less common crimes. This overall stable yet varied crime landscape underscores the need for thorough due diligence for investors, real estate... Read more
Property Crime Trends in Fluvanna County, VA Over the Last 5 Years
Fluvanna County, Virginia, has experienced varying trends in property crimes over the past five years. Notably, incidents of larceny-theft peaked in 2018 with six reported cases before seeing a general decline. Burglary and vandalism have remained relatively constant with minimal fluctuations, while cases of fraud showed a slight increase and then stabilization. Unique entries like arson appeared in 2022, suggesting occasional spikes in less common crimes. For investors, real estate professionals, and prospective residents, the data indicates an overall stable yet varied crime landscape, highlighting the importance of due diligence when considering property investments or relocations.
Demographics
Fluvanna County, Virginia shows intriguing demographic trends. The adult population skews slightly towards females. Educational attainment reveals a broad spread, with notable portions having either a high school diploma or some college education, while a significant number have achieved bachelor's and graduate degrees. Age distribution is balanced but shows a concentration in the 25-64 range, suggesting a stable working-age population. Racially, the county is predominantly White, though it... Read more
Race Distribution in Fluvanna County, Virginia (2022)
Educational Attainment in Fluvanna County, Virginia (2022)
Age Distribution in Fluvanna County, Virginia
Citizen Population in Fluvanna County, Virginia (2022)
Political Trends & Data
Fluvanna County, Virginia, exhibited a slight Republican tilt in the 2020 U.S. Presidential Election, gathering about 51.5% of the vote. Democrats were not far behind with around 47.7%, which points to a competitive political setting. The close race and minimal impact from other parties hint at a potentially fluid voter base, with periodic shifts towards conservative preferences. This balanced political climate might subtly influence local policies and development strategies, making the real... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fluvanna County, Virginia, showed a slight preference for Republican candidates in the 2020 U.S. Presidential Election, with approximately 51.5% of the votes. Democrats followed closely with around 47.7%, signaling a competitive political landscape. Libertarians garnered a small share, roughly 1.4%, while other parties barely made an impact. This pattern may suggest a relatively balanced political environment with occasional leanings towards conservative policies.
51.46% of voters voted for the Republican party in the 2020 Presidential Election
46.79% of voters voted for the Democrat party in the 2020 Presidential Election
1.43% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Fluvanna County, Virginia has seen its student-to-teacher ratio decline from a peak of nearly 16 in 2014 to around 13.8 recently, now below the national average. This trend might indicate smaller class sizes, offering a more personalized education experience, possibly attracting families to the area. Real estate agents may find this appealing for potential buyers, while investors could view it as a sign of the community's commitment to educational infrastructure. Those in the insurance and... Read more
Student-to-teacher ratio in Fluvanna County, Virginia over the last 10 years
Over the past decade, Fluvanna County, Virginia has seen its student-to-teacher ratio fluctuate, peaking at just under 16 in 2014 before trending down to roughly 13.8 in recent years. The drop from 2020 to 2021 brought it below the current national average of 14 students per teacher. This shift could suggest smaller class sizes, potentially leading to a more personalized education experience, which might be a draw for families considering a move to the area. Real estate agents and appraisers could see this trend as a positive selling point, while investors may find it indicative of a community investing in its educational infrastructure. For those in the insurance and construction industries, these fluctuations may signal broader demographic or policy shifts worth monitoring.
