Goochland County Real Estate and Livability Trends
In Goochland County, Virginia, average taxable incomes have climbed to $185,783.67 by 2021, potentially driving property values up and drawing in investors. Real estate prices have surged from $318,400 in 2015 to $433,600 in 2022, outstripping state and national averages, hinting at strong local economic conditions. Concurrently, the rise in residential energy tax credits points to a trend in... Read more
Goochland County Market Trends
Median home values in Goochland County, Virginia have risen sharply from $318,400 in 2015 to $433,600 in 2022, outpacing both state and national averages, hinting at strong local economic growth and rising desirability. Residential energy tax credits have also spiked, suggesting a boom in energy-efficient home improvements, potentially leading to higher property values. Meanwhile, real estate... Read more
Median Value of Occupied Housing Units in Goochland County, Virginia Over the Last 8 Years
Over the past eight years, median home values in Goochland County, Virginia have shown a general upward trend, rising from $318,400 in 2015 to $433,600 in 2022. Compared to Virginia's statewide increase from $245,000 to $339,800 and the national uptick from $125,500 to $179,400 over the same period, Goochland County's housing market appears robust, suggesting a potentially lucrative investment opportunity. The significant growth in home values indicates a strengthening local economy and heightened desirability for potential buyers and investors alike.
Residential Energy Tax Credit Per Tax Return in Goochland County, VA Over the Last 9 Years
Over the last nine years in Goochland County, Virginia, residential energy tax credits per tax return have shown considerable variation, with a sharp increase in recent years. Notable spikes occurred in 2018 and 2019, with average credits hitting $2,350.00 and $1,952.63 respectively. This upward trend could signal growing investments in energy-efficient home improvements, appealing to potential investors, real estate agents, and homeowners. Observing these patterns may be particularly useful for appraisers and insurance agents assessing the value and risk associated with modernized, energy-efficient properties in this locality.
Average Real Estate Taxes Per Tax Return in Goochland County, VA Over the Last 10 Years
Goochland County, Virginia has seen a noticeable rise in real estate taxes over the past decade, jumping from an average of around $3,421.97 per tax return in 2012 to approximately $5,421.52 in 2021. This uptick may suggest increasing property values and potential shifts in local economic conditions. For prospective investors, property developers, and real estate agents, this trend towards higher property taxes could indicate a growing market. However, it might also mean increased costs for homeowners, affecting affordability considerations.
Percentage of Farm Returns in Goochland County, VA Over the Last 10 Years
Over the last decade, Goochland County, Virginia, has experienced a slight but consistent decline in the percentage of farm tax returns, dropping from about 2.23% in 2012 to roughly 1.57% in 2021. Farm tax returns reflect the proportion of agricultural enterprises that file taxes, serving as an indicator of the farming sector's economic health and activity. For potential investors, property developers, or new residents, this trend could imply a shifting economic landscape leaning away from agriculture, possibly affecting land use, property values, and local economic planning. As farming becomes less prevalent, there may be opportunities or challenges in repurposing land and resources, influencing decisions on property investments or development projects in the area.
Number of Mortgages by Occupancy Type in Goochland County, VA Over the Last 5 Years in Goochland County
In Goochland County, Virginia, a noticeable trend is the significant dominance of mortgages for principal residences compared to investment and second residences between 2018 and 2022. Although there's some fluctuation in the number of principal residence mortgages, they consistently outnumber the other types by a wide margin, peaking in 2021. Changes in occupancy types can affect property values and market stability. For investors and real estate professionals, an increase in principal residence mortgages might indicate a stable or growing local population, making it a potentially safer investment. Conversely, a rise in investment properties could signal increased rental demand or opportunities for development. Insurance agents and appraisers may also find these trends useful for understanding risk factors and property valuations.
Economic Outlook
In Goochland County, Virginia, average taxable income per tax return has shown an upward trend over the past nine years, culminating at $185,783.67 in 2021. This could indicate rising property values, attracting investors and real estate agents. Meanwhile, state and local income taxes per tax return have escalated from $12,466.95 in 2012 to $27,544.20 in 2021, possibly pointing to a wealthier demographic. Additionally, the average total tax liability per tax return reached a high of $41,863.54... Read more
Average Taxable Income per Tax Return in Goochland County, VA over the last 9 years
Over the past 9 years, Goochland County, Virginia has seen a fluctuating yet upward trend in average taxable income per tax return, peaking significantly at $185,783.67 in 2021. This upward trajectory suggests potential for higher property values, making it attractive to both investors and real estate agents. Appraisers and insurance agents might find this data indicative of evolving market dynamics, while prospective residents could perceive Goochland County as a thriving community with promising economic opportunities.
Average State and Local Income Taxes Per Tax Return in Goochland County, VA Over the Last 10 Years
Goochland County, Virginia has experienced a notable rise in state and local income taxes per tax return over the past decade, with values increasing from approximately $12,466.95 in 2012 to an estimated $27,544.20 in 2021. This upward trend, particularly the spike in recent years, could reflect growing incomes or changes in tax regulations. Such increases are significant for potential investors, real estate agents, and appraisers, suggesting a possibly affluent demographic with higher disposable incomes. For those considering moving to Goochland, understanding this tax trajectory might influence financial planning and cost-of-living expectations.
Average Total Tax Liability Per Tax Return in Goochland County, VA Over the Last 10 Years
Over the last decade, Goochland County, Virginia has seen fluctuations in its average total tax liability per tax return. It almost peaked at $31,000 in 2012 and then varied significantly before hitting a new high at $41,863.54 in 2021. These changes may suggest economic growth or shifts in the local tax base, making it potentially engaging for investors, appraisers, and real estate agents to explore the underlying causes or opportunities.
Cost of Living in Goochland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,840 | $1,524 | $1,575 | $1,902 | $1,907 |
| 1 adult 4 children | $1,840 | $1,245 | $1,202 | $1,902 | $2,085 |
| 2 adults 3 children | $1,840 | $1,245 | $1,368 | $1,902 | $1,652 |
| 1 adult 3 children | $1,840 | $1,017 | $994 | $1,902 | $1,812 |
| 2 adults 2 children | $1,424 | $1,019 | $1,161 | $1,666 | $1,278 |
| 1 adult 2 children | $1,424 | $761 | $787 | $1,666 | $1,386 |
| 2 adults 1 child | $1,424 | $806 | $954 | $897 | $1,103 |
| 1 adult 1 child | $1,424 | $520 | $580 | $897 | $1,056 |
| 2 adults | $1,261 | $647 | $747 | $0 | $879 |
| 1 adult | $1,233 | $353 | $373 | $0 | $806 |
Safety trends & Data
Property crime trends in Goochland County, Virginia, reveal varying incidents over the past five years, with Larceny-Theft peaking at 16 cases in 2018 and declining to 4 by 2022. Motor Vehicle Theft had minor fluctuations, hitting a high of 4 in 2020. Sporadic increases in Burglary and Vandalism, such as 3 Vandalism incidents in both 2018 and 2022, may affect real estate and investment choices, emphasizing places where improved security is... Read more
Property Crime Trends in Goochland County, VA Over the Last 5 Years
Property crime trends in Goochland County, Virginia, show fluctuating incidents over the past five years. Most notably, Larceny-Theft has remained the highest reported crime, peaking at 16 cases in 2018 and declining to 4 by 2022. Motor Vehicle Theft saw minor variance but reached a high of 4 in 2020. Burglary and Vandalism have shown less consistency, with occasional increases like 3 Vandalism incidents in both 2018 and 2022. Such data could influence real estate and investment decisions, highlighting areas needing enhanced security measures.
Demographics
Goochland County, Virginia, displays a relatively balanced gender distribution, with a slight female majority. Educational attainment suggests a well-educated population, with a significant proportion holding bachelor's and graduate degrees. The age distribution could indicate an aging population, as the bulk of residents fall within the 35 to 74 age brackets. The racial makeup is predominantly White, with smaller but potentially notable Black or African American communities and minimal... Read more
Race Distribution in Goochland County, Virginia (2022)
Educational Attainment in Goochland County, Virginia (2022)
Age Distribution in Goochland County, Virginia
Citizen Population in Goochland County, Virginia (2022)
Political Trends & Data
In Goochland County, Virginia, the 2020 U.S. Presidential Election highlighted a significant Republican presence, with the party potentially maintaining political influence given their approximate 59% of the vote. Democrats, with around 39%, showed a smaller yet substantial base, while Libertarians and other parties had minimal impact, collectively capturing less than 2%. This voting trend possibly mirrors broader regional patterns, suggesting a stable partisan... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Goochland County, Virginia, the 2020 U.S. Presidential Election saw Republicans with a notable edge, capturing approximately 59% of the vote. Democrats trailed, securing close to 39%. Libertarians held a minor presence, garnering around 1.4%, and other parties barely registered with less than 0.5%. These figures reflect broader patterns in similar regions and could imply persisting political leanings.
58.79% of voters voted for the Republican party in the 2020 Presidential Election
39.43% 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
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Goochland County, Virginia's student-to-teacher ratio hovers around 12 to 13, notably below the national average of 14. This could signal more personalized classroom attention, making the area attractive to families and potentially boosting property values. Real estate stakeholders might find this a compelling point when marketing or appraising properties, as strong educational metrics often correlate with higher market... Read more
Student-to-teacher ratio in Goochland County, Virginia over the last 10 years
Goochland County, Virginia has consistently maintained a student-to-teacher ratio that is below the national average of 14 over the last decade, with values ranging from approximately 12 to 13 students per teacher. This relatively low ratio might encourage more personalized attention in the classroom, potentially benefiting student performance and satisfaction. Real estate investors and families considering a move to the area could see this as a positive indicator of the local education system's quality. Appraisers and insurance agents might consider this a factor in evaluating property values, as areas with strong educational metrics can often command higher market prices. Builders and real estate agents may also find this appealing when promoting new developments or properties in the region.
