Frederick County Real Estate and Livability Trends
Frederick County, Virginia's real estate market has been dynamic with median home values soaring from $225,300 in 2015 to $333,600 in 2022, outpacing both national and state trends. Property tax increases, rising from $1,698.18 in 2012 to $2,919.55 by 2021, indicate growing property values and potential public service enhancements. A decline in farm tax returns points to a shift towards urban... Read more
Frederick County Market Trends
Frederick County, Virginia's median home values have surged from $225,300 in 2015 to $333,600 in 2022, outpacing both national and state growth rates. This upward trend highlights a potentially lucrative market for investors but also indicates rising entry barriers for new buyers. Significant fluctuations in residential energy tax credits, peaking at $2,711.11 in 2018, suggest shifting incentives... Read more
Median Value of Occupied Housing Units in Frederick County, Virginia Over the Last 8 Years
Frederick County, Virginia has experienced a substantial increase in median home values over the past eight years, rising from $225,300 in 2015 to $333,600 in 2022. This growth trajectory outpaces not only the national median, which increased from $125,500 to $179,400 during the same period, but also the state median for Virginia, which went from $245,000 to $339,800. For prospective investors, this pattern suggests a strong and steadily appreciating real estate market in Frederick County, which might make the area an attractive option. For current homeowners and potential buyers, it implies a thriving housing market, though it also could mean higher barriers to entry moving forward.
Residential Energy Tax Credit Per Tax Return in Frederick County, VA Over the Last 9 Years
Frederick County, Virginia has seen significant fluctuations in average residential energy tax credits over the past nine years, peaking at $2,711.11 per return in 2018 before varying between roughly $817.50 and $1,496.77 in subsequent years. Such volatility might indicate changing incentives or adoption rates for energy-efficient home improvements, presenting both opportunities and potential risks for investors, homeowners, and real estate professionals evaluating property value and energy efficiency.
Average Real Estate Taxes Per Tax Return in Frederick County, VA Over the Last 10 Years
Over the past decade, Frederick County, Virginia has seen a notable increase in average real estate taxes per tax return, starting from $1,698.18 in 2012 and reaching around $2,919.55 by 2021. This trend suggests a steady rise in property tax burden, peaking significantly in 2018 at $2,674.86 before hovering around $2,645.64 in 2019 and $2,697.76 in 2020. These escalating taxes might hint at growing property values and possibly enhanced public services, presenting important considerations for potential investors, real estate agents, and residents planning to enter the market or re-evaluate their current assets in the area.
Percentage of Farm Returns in Frederick County, VA Over the Last 10 Years
Farm tax returns in Frederick County, Virginia have seen a gradual decline over the past 10 years, from a high of 1.51% in 2012 to 1.20% in 2021. This trend may suggest a shift away from agricultural activities, possibly due to urban development or economic shifts. For potential investors or those considering a move to the county, this could point to evolving land use and possibly increasing property development opportunities. If you're interested in Frederick County, keeping an eye on these trends can provide valuable insights into local economic conditions and real estate dynamics.
Number of Mortgages by Occupancy Type in Frederick County, VA Over the Last 5 Years in Frederick County
Over the past five years, Frederick County, Virginia has seen fluctuations in mortgage counts with notable dominance in principal residence loans. Investment properties slightly increased until 2021 but showed a sharp decline by 2022. Second residences have remained more stable but dwarf in comparison to primary homes. This shift in occupancy types matters because greater loan activity in principal residences could signal robust local demand for family homes, impacting market stability and property valuation. For investors and real estate agents, the decreasing trend in investment property loans might suggest a more cautious approach or shifting market conditions. Appraisers and insurance agents might also find these trends crucial as they directly relate to risk assessment and valuation considerations.
Economic Outlook
Frederick County, Virginia has experienced a significant rise in average taxable income per tax return, climbing from roughly $59,625.26 in 2013 to around $84,260.12 in 2021. Meanwhile, state and local income taxes have also seen an increase, with the most substantial hike occurring between 2017 and 2018, suggesting both economic growth and possible changes in tax policies. The average total tax liability per return has similarly trended upward, particularly from 2020 to 2021, making it... Read more
Average Taxable Income per Tax Return in Frederick County, VA over the last 9 years
Frederick County, Virginia has seen a notable increase in average taxable income per tax return over the past nine years, rising from approximately $59,625.26 in 2013 to about $84,260.12 in 2021. This consistent upward trend suggests a growing economic vitality, potentially making the area more appealing to investors and real estate agents. For appraisers and insurance agents, understanding this financial progression could be key in property valuation and risk assessment. Those looking to build property or move to Frederick County may find this increasing prosperity indicative of a stable and potentially lucrative market.
Average State and Local Income Taxes Per Tax Return in Frederick County, VA Over the Last 10 Years
Frederick County, Virginia has seen a notable increase in average state and local income taxes per tax return over the past decade. From $5,442.10 in 2012, the average has consistently risen, peaking at $8,756.22 in 2021. The steepest jump occurred between 2017 and 2018, with taxes going from $6,036.35 to $7,484.21. These figures might suggest growing economic activity or changes in tax policies that potential investors and new residents should factor into their financial planning.
Average Total Tax Liability Per Tax Return in Frederick County, VA Over the Last 10 Years
In Frederick County, Virginia, the average total tax liability per tax return has shown an upward trajectory over the past decade, starting from approximately $8,976.83 in 2012 to around $12,999.05 in 2021. The data reveals a notable spike between 2020 and 2021, coinciding with economic shifts that might interest potential investors, real estate agents, and insurance agents assessing the financial landscape. This trend may also be crucial for those considering property development or relocation to understand the evolving tax implications in the area.
Cost of Living in Frederick County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,650 | $1,548 | $1,587 | $1,606 | $1,628 |
| 1 adult 4 children | $1,650 | $1,264 | $1,211 | $1,606 | $1,795 |
| 2 adults 3 children | $1,650 | $1,265 | $1,378 | $1,606 | $1,386 |
| 1 adult 3 children | $1,650 | $1,033 | $1,002 | $1,606 | $1,558 |
| 2 adults 2 children | $1,309 | $1,035 | $1,169 | $1,409 | $1,111 |
| 1 adult 2 children | $1,309 | $773 | $793 | $1,409 | $1,193 |
| 2 adults 1 child | $1,309 | $818 | $961 | $769 | $1,012 |
| 1 adult 1 child | $1,309 | $529 | $585 | $769 | $908 |
| 2 adults | $1,026 | $657 | $752 | $0 | $767 |
| 1 adult | $937 | $359 | $376 | $0 | $666 |
Safety trends & Data
Frederick County, Virginia has witnessed a notable drop in larceny-theft cases, plunging from 20 in 2018 to just 2 in 2022, hinting at better theft-related crime management. However, fraud cases surged, peaking at 15 in 2020 and staying high, possibly indicating more sophisticated fraudulent activities. Vandalism incidents have stayed low with minor fluctuations. These shifts could provide valuable insights into the county's changing security environment and influence decisions for investors,... Read more
Property Crime Trends in Frederick County, VA Over the Last 5 Years
Frederick County, Virginia has seen varied trends in property crime over the last five years. Larceny - Theft saw a significant drop from 20 cases in 2018 to just 2 cases in 2022, indicating a potential improvement in theft-related crime control. Conversely, Fraud cases spiked, peaking at 15 cases in 2020 and maintaining a high level, which could suggest an increasing sophistication in fraudulent activities. Notably, Vandalism incidents remained low and relatively stable, with minor fluctuations. For investors, appraisors, insurance agents, and potential residents, these trends may offer insights into the county's evolving security landscape and risk factors.
Demographics
Frederick County, Virginia showcases an adult population with a slight female majority. Educational attainment varies widely, with a notable portion of residents holding a high school diploma and significant groups achieving higher education degrees. The age distribution highlights a balanced mix across different age brackets, pointing to a diverse age demographic. Racial diversity is present but limited, as the majority of the population identifies as White, with smaller representations of... Read more
Race Distribution in Frederick County, Virginia (2022)
Educational Attainment in Frederick County, Virginia (2022)
Age Distribution in Frederick County, Virginia
Citizen Population in Frederick County, Virginia (2022)
Political Trends & Data
Frederick County, Virginia, exhibited a strong Republican inclination in the 2020 U.S. Presidential Election, with Republicans likely capturing around 63% of the vote. Democrats seemed to be the primary opposition but potentially secured only about 35%. Third parties, including Libertarians, made almost no impact on the overall vote count, suggesting a predominantly two-party system with a significant Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Frederick County in Virginia saw a significant lean toward the Republican party in the 2020 U.S. Presidential Election, with Republicans potentially securing around 63% of the votes. Democrats possibly garnered about 35%, indicating they were the primary opposition but far from closing the gap. Third parties, including Libertarian candidates, barely made a dent collectively, capturing only a tiny fraction of the vote share. This suggests a strongly bipartisan voter base with a dominant Republican inclination.
62.72% of voters voted for the Republican party in the 2020 Presidential Election
35.32% of voters voted for the Democrat party in the 2020 Presidential Election
1.60% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Frederick County, Virginia has seen student-to-teacher ratios fluctuate over the last decade, averaging around 15 students per teacher. It peaked at over 16 in 2014 but has more recently mirrored the national average of 14, hitting a low of approximately 14 in both 2019 and 2022. These changes could imply better education quality, a factor likely to influence property values, real estate trends, and community... Read more
Student-to-teacher ratio in Frederick County, Virginia over the last 10 years
Frederick County, Virginia has seen fluctuating student-to-teacher ratios over the last decade, averaging around 15 students per teacher. Despite peaking at just over 16 in 2014, the ratio has generally trended closer to the national average of 14 in more recent years, hitting a low of approximately 14 in 2019 and 2022. This variability might matter for those considering investments in the area, as lower ratios could imply better quality of education—a potential draw for families. Smaller class sizes can also impact property values, influence real estate trends, and affect school funding, insurance premiums, and overall community development.
