Grayson County Real Estate and Livability Trends
Grayson County, Virginia's tax and real estate trends show a rising economic profile with average taxable income per tax return reaching $47,254.40 in 2021. Property values have climbed from $91,500 in 2015 to $129,100 in 2022, though still trailing state and national medians. Residential energy tax credits peaking at $1,260.00 in 2021 hint at growing interest in energy-efficient home upgrades.... Read more
Grayson County Market Trends
Grayson County, Virginia has seen its median home values rise from $91,500 in 2015 to $129,100 in 2022, though still lagging far behind the state and national medians. Residential energy tax credits have fluctuated, peaking at $1,260.00 in 2021, suggesting active investment in energy-efficient upgrades. Real estate taxes also doubled from $1,527.06 in 2012 to $2,946.15 in 2020, likely reflecting... Read more
Median Value of Occupied Housing Units in Grayson County, Virginia Over the Last 8 Years
Over the past eight years, Grayson County, Virginia has seen its median home values rise from $91,500 in 2015 to $129,100 in 2022. While this steady increase might seem favorable, it is still significantly lower compared to the state-wide median value in Virginia which surged from $245,000 in 2015 to $339,800 in 2022. Furthermore, the national median value has also climbed from $125,500 to $179,400 during the same time period. This disparity presents an interesting opportunity for investors and potential homebuyers who are looking for more affordable housing in a market that appears to be on a consistent upward trend.
Residential Energy Tax Credit Per Tax Return in Grayson County, VA Over the Last 8 Years
Grayson County, Virginia has seen significant fluctuations in residential energy tax credits over the past eight years, with notable highs in 2017 at $650.00 and a remarkable increase to $1260.00 in 2021. This trend may indicate varying investment in energy-efficient home improvements among residents. For those considering property investments, understanding these trends could provide insights into potential savings and incentives related to energy efficiency in the area. Real estate agents and appraisers might find this data useful for highlighting energy-saving initiatives, while insurance agents could see a correlation with reduced risk exposures due to modernized building standards.
Average Real Estate Taxes Per Tax Return in Grayson County, VA Over the Last 10 Years
Grayson County, Virginia has seen a notable increase in average real estate taxes per tax return over the last decade, nearly doubling from $1,527.06 in 2012 to a peak of $2,946.15 in 2020. This surge, especially from 2017 to 2020, may indicate rising property values or adjustments in tax rates. For potential investors and real estate agents, understanding these trends could offer insights into the county's economic health and real estate market dynamics. For current residents and those considering moving to Grayson, it’s crucial to factor in these tax changes when planning long-term finances or property investments.
Percentage of Farm Returns in Grayson County, VA Over the Last 10 Years
Grayson County, Virginia has seen a general decline in farm tax returns over the past decade, starting at approximately 10.26% in 2012 and dipping to around 7.19% in 2020 before a slight rise to 7.49% in 2021. For potential investors or those interested in building property in the area, this downward trend may indicate shifts in the local agricultural landscape, possibly affecting land use and economic opportunities. For anyone living in or moving to the county, the reduction in farm tax returns might also reflect broader economic or demographic trends that could influence local services and community dynamics.
Number of Mortgages by Occupancy Type in Grayson County, VA Over the Last 5 Years in Grayson County
In Grayson County, Virginia, from 2018 to 2022, there's notable growth in principal residence mortgages, rising from 367 to 449. Investment property mortgages have remained relatively flat, fluctuating only slightly from 19 to 26, while second residence mortgages showed an uptick from 37 to 80 before settling back to 37. Changes in occupancy type can significantly impact local market dynamics; a rise in principal residence mortgages usually signals increasing population and residential stability, which can influence everything from local business growth to school funding. Steady investment property numbers might suggest stable rental markets, whereas fluctuations in second residence mortgages could indicate shifts in vacation or seasonal property demand, impacting tourism revenue and associated services. This data can be critical for investors, real estate agents, and even insurance agents adjusting risk assessments in the region.
Economic Outlook
Grayson County, Virginia has seen a steady rise in average taxable income per tax return, peaking at $47,254.40 in 2021 from $36,328.76 in 2013, suggesting a stabilizing local economy. The average state and local income taxes increased significantly, reaching $6,669.23 in 2021, possibly reflecting higher incomes or growing local revenues, which could affect property values and investment opportunities. Fluctuations in total tax liability, with notable spikes in 2015 and 2021, might indicate... Read more
Average Taxable Income per Tax Return in Grayson County, VA over the last 9 years
Grayson County, Virginia has seen a general upward trend in average taxable income per tax return over the past nine years, peaking in 2021 at $47,254.40. This gradual increase, especially noticeable from 2013’s $36,328.76, could indicate a stabilizing local economy, potentially making the area more attractive for property investments and new residents. However, the slight dip in 2020 to $42,292.42 suggests the impacts of broader economic disruptions, yet the swift recovery in 2021 may point to resilient economic conditions. For local real estate agents, appraisers, and insurance agents, these trends could signal a strengthening market, albeit with some volatility that merits cautious optimism.
Average State and Local Income Taxes Per Tax Return in Grayson County, VA Over the Last 10 Years
Grayson County, Virginia has seen a noticeable increase in average state and local income taxes per tax return over the past decade, with a significant spike beginning in 2015 when the value jumped to $5453.95 from $4213.16 the previous year. The upward trend continued, peaking at $6669.23 in 2021, which suggests a growing tax burden for residents. This trend potentially reflects increased local revenues or higher incomes, impacting decisions for potential investors, homebuyers, and other stakeholders considering the financial landscape in the region. Higher taxes can influence property values, cost of living, and investment opportunities, making these figures particularly relevant for real estate agents, appraisers, and anyone assessing the financial health of Grayson County.
Average Total Tax Liability Per Tax Return in Grayson County, VA Over the Last 10 Years
Grayson County, Virginia has seen some fluctuation in average total tax liability per tax return over the past decade. Notably, there was a significant jump in 2015 reaching $5,360.27 and a comparable spike in 2021 at $5,845.53, possibly indicating economic or policy shifts. These changes suggest periods of higher taxable income or adjustments in tax regulations, relevant for investors, real estate agents, and anyone interested in the economic patterns of the area.
Cost of Living in Grayson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,116 | $1,367 | $1,512 | $997 | $1,035 |
| 1 adult 4 children | $1,116 | $1,117 | $1,154 | $997 | $1,156 |
| 2 adults 3 children | $1,116 | $1,117 | $1,313 | $997 | $855 |
| 1 adult 3 children | $1,116 | $912 | $955 | $997 | $897 |
| 2 adults 2 children | $793 | $914 | $1,114 | $871 | $705 |
| 1 adult 2 children | $793 | $683 | $756 | $871 | $653 |
| 2 adults 1 child | $793 | $723 | $915 | $461 | $683 |
| 1 adult 1 child | $793 | $467 | $557 | $461 | $602 |
| 2 adults | $636 | $581 | $716 | $0 | $595 |
| 1 adult | $588 | $317 | $358 | $0 | $528 |
Safety trends & Data
Grayson County, Virginia, has seen notable shifts in property crime over the last five years, with larceny-theft consistently leading, peaking at 21.00 arrests in 2018 and then stabilizing around 15.00. Motor vehicle thefts dropped from 14.00 in 2018 to 7.00 in 2019 and have remained steady since. Burglary incidents significantly reduced from 15.00 arrests in 2018 to just 1.00 in 2020, with slight increases after. Vandalism cases have fluctuated between 3.00 and 12.00 arrests annually. Arson... Read more
Property Crime Trends in Grayson County, VA Over the Last 5 Years
Grayson County, Virginia, has seen notable shifts in property crime over the last five years, with larceny-theft consistently leading the charge, peaking at 21.00 arrests in 2018 and stabilizing around 15.00 arrests in subsequent years. Motor vehicle thefts also showed fluctuations, dropping from 14.00 in 2018 to as low as 7.00 arrests in 2019 and then remaining fairly steady. Burglary incidents initially higher, saw a significant reduction from 15.00 in 2018 to just 1.00 arrest in 2020, with slight increases thereafter. Vandalism cases demonstrate more fluctuation but tended to hover at lower levels around 3.00 to 12.00 arrests annually. Other crimes, like arson (introduced in 2021) and embezzlement (2019), maintained minimal occurrence. These trends suggest an overall reduction in property crimes, highlighting a critical context for stakeholders evaluating risk, property value, and community safety in Grayson County.
Demographics
Grayson County, Virginia, presents a predominantly White community, with nearly 92% of its adult population identifying as White and notable underrepresentation of other racial groups. The age distribution leans towards an older demographic, particularly in the 55–64 and 65–74-year ranges, which accounts for a sizeable portion of the population, potentially indicating the county as a popular area for retirees. Gender distribution is relatively balanced with a slight male majority.... Read more
Race Distribution in Grayson County, Virginia (2022)
Educational Attainment in Grayson County, Virginia (2022)
Age Distribution in Grayson County, Virginia
Citizen Population in Grayson County, Virginia (2022)
Political Trends & Data
In Grayson County, Virginia, the 2020 U.S. Presidential Election saw a predominant Republican leaning with around 80.3% of the vote, while Democrats captured about 18.9%. Libertarians and other minor parties hardly made an impact, together comprising just under 1% of the total vote. This might suggest a strong conservative presence and potentially limited political diversity, which could influence community engagement and local policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grayson County, Virginia, the 2020 U.S. Presidential Election results suggest a strong leaning towards the Republican Party, with nearly 80.3% of the votes. Democrats garnered about 18.9% of the vote, indicating weaker support in comparison. Libertarians and other minor parties received minimal traction, with Libertarian votes at roughly 0.7% and other parties combined barely making up 0.1%. This could imply a significant conservative presence and potentially limited political diversity in the county.
80.30% of voters voted for the Republican party in the 2020 Presidential Election
18.88% of voters voted for the Democrat party in the 2020 Presidential Election
0.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grayson County, Virginia has seen its student-to-teacher ratio fluctuate over the past decade, peaking at nearly 15 students per teacher in 2016 and recently decreasing to about 11 in 2023, below the national average of 14. Lower ratios can imply smaller class sizes, making the county an attractive option for families and possibly hinting at a strengthening educational environment. This trend could serve as a persuasive selling point for real estate agents and developers, while also suggesting... Read more
Student-to-teacher ratio in Grayson County, Virginia over the last 10 years
Grayson County, Virginia has shown a fluctuating student-to-teacher ratio over the past decade. Starting at approximately 12 students per teacher in 2014, it peaked at nearly 15 in 2016. Most recently, the ratio has decreased to about 11 students per teacher in 2023, which is below the national average of 14. Lower ratios imply smaller class sizes, which could be attractive to parents considering a move to Grayson County and might signal a strengthening education environment. For real estate agents and developers, these figures can be a selling point highlighting the county's commitment to quality education. Conversely, appraisers and insurance agents could see these ratios as indicative of stable or potentially increasing property values.
