Giles County Real Estate and Livability Trends
Giles County, Virginia has shown upward economic trends with an average taxable income rising from around $45,521.50 in 2013 to approximately $58,567.73 in 2021. This increase in spending power is complemented by a consistent rise in state and local income taxes, which hit $8,475.00 by 2021. Real estate investors might find the area's median home value growth from $104,700 in 2015 to $141,900 in... Read more
Giles County Market Trends
Giles County, Virginia, has seen median home values rise from $104,700 in 2015 to $141,900 in 2022, although this growth lags behind the broader state and national trends. This aspect could appeal to investors seeking lower entry points or affordable housing options within Virginia. Residential energy tax credit claims have fluctuated, peaking at $833.33 in 2021, hinting at varying levels of... Read more
Median Value of Occupied Housing Units in Giles County, Virginia Over the Last 8 Years
Housing market trends in Giles County, Virginia, indicate a steady increase in median home values over the last eight years, rising from $104,700 in 2015 to $141,900 in 2022. This localized growth, while significant, remains lower compared to the state of Virginia’s increase from $245,000 to $339,800 in the same period and the national median's jump from $125,500 to $179,400. The slower pace of appreciation in Giles County might attract investors looking for lower entry points, or those seeking more affordable housing options within Virginia. This upward trend in median home values suggests a growing confidence in the real estate market here, despite its relatively modest growth compared to state and national levels.
Residential Energy Tax Credit Per Tax Return in Giles County, VA Over the Last 8 Years
Giles County, Virginia exhibits a fluctuating trend in residential energy tax credit claims per tax return over the last eight years. After a notable peak of $661.54 in 2014, the average credit dipped but experienced another surge reaching $700.00 in 2019 and ultimately hitting $833.33 in 2021. This variability suggests a changing focus on energy-efficient investments potentially driven by evolving governmental incentives and local adoption rates, an interesting factor for those considering real estate opportunities in the area.
Average Real Estate Taxes Per Tax Return in Giles County, VA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Giles County, Virginia have shown a consistent upward trend. Starting at $1,461.36 in 2012, the figures have gradually increased, reaching $2,500.00 by 2021. Notable spikes are seen in 2017 ($1,999.14) and 2018 ($2,206.90), indicating potential periods of increased property valuation or tax rate adjustments. This pattern is essential for potential investors, appraisers, and real estate agents to consider when evaluating long-term property costs and financial planning in the area.
Percentage of Farm Returns in Giles County, VA Over the Last 10 Years
In Giles County, Virginia, the percentage of farm tax returns over the last decade has shown slight fluctuations but has generally remained around 4%. Farm tax returns, which involve the reporting of income and expenses related to agricultural activities, provide insight into the economic health and sustainability of farming in the area. While the percentage peaked at roughly 4.32% in 2014, it has otherwise hovered close to 4.08%, indicating consistent yet modest engagement in agricultural enterprises. For those considering investing in, moving to, or developing property in Giles County, this trend suggests a stable but matured agricultural sector.
Number of Mortgages by Occupancy Type in Giles County, VA Over the Last 5 Years in Giles County
Over the last five years in Giles County, Virginia, the number of mortgages for principal residences has shown a substantial increase, particularly peaking in 2021 with 823 mortgages. However, there has been a recent dip in 2022 to 629 mortgages. Investment property mortgages have gradually declined from 44 in 2019 to 26 in 2022, suggesting a potential shift in investment strategies or market conditions. Meanwhile, second residence mortgages have remained relatively stable, though quite low overall. These shifts in occupancy type matter because they can indicate broader economic conditions and investor confidence, which are critical for anyone involved in real estate transactions, from buyers and investors to appraisers and insurance agents, in Giles County.
Economic Outlook
Over the past decade, Giles County, Virginia has seen an upward trend in average taxable income per tax return, rising from approximately $45,521.50 in 2013 to about $58,567.73 in 2021. This suggests potential economic growth and increased spending power. Meanwhile, average state and local income taxes have surged, particularly after 2018, reaching $8,475.00 by 2021. Combined with a steady increase in total tax liability, peaking at $7,410.70 in 2021, these trends hint at a growing and... Read more
Average Taxable Income per Tax Return in Giles County, VA over the last 9 years
Over the last nine years, average taxable income per tax return in Giles County, Virginia has shown a general upward trend. Between 2013 and 2021, residents experienced an increment from approximately $45,521.50 to a notable $58,567.73. Although there were minor fluctuations, the steady increase suggests ongoing economic growth and potential for higher spending power among residents. This trend can be enticing for real estate investors, appraisers, and insurance agents, indicating a stable and progressively thriving market.
Average State and Local Income Taxes Per Tax Return in Giles County, VA Over the Last 10 Years
Average state and local income taxes per tax return in Giles County, Virginia have seen a notable rise over the past decade. Starting at approximately $4,430.23 in 2012, there was a consistent increase with significant jumps, particularly from 2018 onwards where amounts surged past the $6,000 mark, reaching $8,475.00 in 2021. This trend could suggest a growing economic activity or changes in tax policies impacting the local taxpayers. For investors, real estate agents, and those interested in the county's fiscal dynamics, this upward trajectory might be an indicator of increasing economic development or alterations in the tax framework that could affect cost of living and investment returns.
Average Total Tax Liability Per Tax Return in Giles County, VA Over the Last 10 Years
Giles County, Virginia has exhibited a steady increase in average total tax liability per tax return over the past decade, with a notable jump in 2021 to $7,410.70. This upward trend may indicate a growing economic base or increased income levels, making it worth a closer look for potential investors, those considering relocation, or professionals in real estate and insurance. For property builders and real estate agents, these tax trends could suggest a more affluent and financially stable community, potentially influencing property values and market demand.
Cost of Living in Giles County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,069 | $1,343 | $1,702 | $1,326 | $1,167 |
| 1 adult 4 children | $1,069 | $1,097 | $1,300 | $1,326 | $1,293 |
| 2 adults 3 children | $1,069 | $1,097 | $1,478 | $1,326 | $954 |
| 1 adult 3 children | $1,069 | $896 | $1,076 | $1,326 | $1,032 |
| 2 adults 2 children | $793 | $898 | $1,254 | $1,153 | $804 |
| 1 adult 2 children | $793 | $671 | $851 | $1,153 | $769 |
| 2 adults 1 child | $793 | $710 | $1,029 | $589 | $735 |
| 1 adult 1 child | $793 | $459 | $627 | $589 | $646 |
| 2 adults | $702 | $570 | $805 | $0 | $632 |
| 1 adult | $665 | $311 | $402 | $0 | $563 |
Safety trends & Data
In Giles County, Virginia, property crime statistics over the past five years highlight some trends that could impact real estate decisions. Larceny-theft peaked in 2019 with 71 cases, then declined to 19 in 2021, before increasing to 34 in 2022. Burglary incidents also saw a high in 2019 with 25 cases but have since decreased. Motor vehicle thefts have remained relatively low, with a slight rise to 11 cases in 2022. While vandalism and fraud are consistent concerns, these trends could reflect... Read more
Property Crime Trends in Giles County, VA Over the Last 5 Years
In Giles County, Virginia, property crime statistics over the past five years reveal some interesting patterns. The highest number of larceny-theft incidents occurred in 2019 with 71 reported cases, which then saw a notable decline to 19 in 2021, although it slightly rose again in 2022 to 34. Burglary incidents spiked in 2019 with 25 cases, then significantly decreased in the following years. Motor vehicle thefts have remained relatively low but saw an uptick with 11 cases in 2022. Vandalism and fraud have shown less dramatic fluctuations but remain consistent concerns. These trends possibly reflect shifting enforcement strategies or economic conditions, essential information for investors, real estate agents, and residents strategizing for property security and insurance considerations.
Demographics
Giles County, Virginia shows a relatively balanced male-to-female ratio with a slight skew towards females. The educational attainment data reveals that the majority of adults are high school graduates, though a sizable portion has attended some college without earning a degree. Age distribution suggests a concentration of the population in the 45 to 64 age range, indicative of an aging population. Racially, the county is predominantly White, with very small representations of other racial... Read more
Race Distribution in Giles County, Virginia (2022)
Educational Attainment in Giles County, Virginia (2022)
Age Distribution in Giles County, Virginia
Citizen Population in Giles County, Virginia (2022)
Political Trends & Data
Giles County in Virginia appeared to lean strongly Republican in the 2020 U.S. Presidential Election, with potentially around 75% of the vote favoring the Republican candidate. Democrats might have secured about 23% of the votes, whereas third parties such as the Libertarian Party likely garnered minimal support, potentially around 1%. This voting trend could suggest a strong preference for conservative policies among the local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Giles County in Virginia appeared to lean heavily Republican in the 2020 U.S. Presidential Election, with possibly around 75% of the vote going to the Republican candidate. Democrats garnered approximately 23% of the votes, while third parties like the Libertarian Party saw minimal support, potentially around 1%. Other parties collectively received less than 1% of the vote. This distribution might highlight a strong preference for conservative policies among the voters in this area.
74.92% of voters voted for the Republican party in the 2020 Presidential Election
23.49% of voters voted for the Democrat party in the 2020 Presidential Election
1.36% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Giles County, Virginia, has experienced significant variations in its student-to-teacher ratio over the past decade, with a decrease from about 14 in 2014 to around 12 in 2022, followed by a sharp increase to 19 in 2023. For potential investors and families, these lower ratios often suggest more personalized education, a compelling selling point for real estate agents. The recent spike to 19, however, may indicate resource strains that could affect long-term property values and require... Read more
Student-to-teacher ratio in Giles County, Virginia over the last 10 years
Giles County, Virginia has seen fluctuating student-to-teacher ratios over the past decade, with a notable conservative decline from about 14 in 2014 to a low of approximately 12 in 2022, before a sharp spike to 19 in 2023. This variation matters significantly for potential investors and those looking to move to the area as lower ratios typically suggest more individualized attention for students, potentially enhancing educational outcomes. For real estate agents, a lower student-to-teacher ratio can be a strong selling point for families prioritizing education. Meanwhile, appraisers and insurance agents might consider these trends when assessing long-term property values and risks, respectively. The current spike in the ratio indicates a potential strain on resources that residents and stakeholders should be prepared to address. Compared to the national average of 14 students per teacher, Giles County's 2023 ratio of 19 suggests a need for additional educational support and resources to maintain quality education.
