Greene County Real Estate and Livability Trends
Greene County, Virginia, has shown a growth in average taxable income, rising notably from $54,714.68 in 2013 to $71,331.75 in 2021, which may reflect a robust economy and wealthier residents. Similarly, median home values have increased from $241,800 in 2015 to $287,800 in 2022, trailing the state median but outpacing the national average, highlighting potential investment appeal. Real estate... Read more
Greene County Market Trends
Over the past eight years, Greene County, Virginia's median home values have seen a rise from $241,800 in 2015 to $287,800 in 2022, trailing behind the state median but consistently outpacing the national average. Homebuyers and investors might find the area's balance between affordability and growth appealing. The average residential energy tax credit per return spiked dramatically in 2018 to... Read more
Median Value of Occupied Housing Units in Greene County, Virginia Over the Last 8 Years
Over the past eight years, Greene County, Virginia's median home values have shown fluctuations with an overall upward trend, jumping from $241,800 in 2015 to $287,800 in 2022. Although these figures trailed behind Virginia's state-wide median home values, which soared to $339,800 in 2022, Greene County has experienced significant price increases in recent years. In comparison to the national median, Greene County's property values have consistently remained higher, presenting it as a potentially attractive area for investors and homebuyers seeking a balance between affordability and market growth.
Residential Energy Tax Credit Per Tax Return in Greene County, VA Over the Last 9 Years
Over the last nine years, Greene County, Virginia, has seen significant fluctuations in the average residential energy tax credit per tax return. While the credit averaged around $387.50 in 2013, it dramatically spiked to $4,175.00 in 2018, suggesting increased adoption of energy-efficient home improvements or installations. This trend makes Greene County an interesting location for investors in green technology and energy-efficient home systems, as well as for real estate agents and appraisers who could highlight these improvements to potential buyers. Insurance agents might also see this as an indicator of reduced risk for energy-related claims. Anyone looking to build property in the area could consider incorporating energy-saving features to take advantage of possible tax benefits.
Average Real Estate Taxes Per Tax Return in Greene County, VA Over the Last 10 Years
Greene County, Virginia has seen a notable increase in average real estate taxes per tax return over the past decade, with the amount rising from approximately $2,039.65 in 2012 to around $3,326.09 by 2021. This upward trend could be indicative of rising property values or escalating tax rates which might impact decisions for potential investors, homeowners, and real estate professionals. The most significant jumps seem to occur between 2016 and 2019, illustrating a potential shift in the local real estate market or tax policies during that period. Understanding these changes can help appraisers and insurance agents better assess property values and risk, while homebuyers and investors might need to consider the increasing tax obligations when planning their finances.
Percentage of Farm Returns in Greene County, VA Over the Last 10 Years
The percentage of farm tax returns in Greene County, Virginia has shown a gradual decrease over the past decade, dropping from roughly 2.20% in 2012 to about 1.49% in 2021. Farm tax returns are indicative of the number of farm-related income filings within the county, reflecting trends in agricultural activity and economic viability. For potential investors, builders, or new residents, this trend could suggest a shift in the local economy away from agriculture, which might affect land use, property values, and community resources. Keeping an eye on these indicators can help stakeholders make informed decisions about the region's economic health and future opportunities.
Number of Mortgages by Occupancy Type in Greene County, VA Over the Last 5 Years in Greene County
The number of mortgages for principal residences in Greene County, Virginia saw an increase from 2018 to 2021, peaking at 1812 in 2021 before dropping sharply to 1077 in 2022. Investment property mortgages remained relatively stable, with slight fluctuations around the 50 mark. Second residences exhibited consistently low numbers throughout the period, never exceeding 49 in any given year. Variations in occupancy type mortgage trends could reflect changes in housing market dynamics, economic conditions, or shifts in local population demographics. Understanding these trends is crucial for investors, real estate agents, and appraisers when making informed decisions, as they directly impact property values, rental markets, and insurance assessments.
Economic Outlook
Greene County, Virginia, has seen a steady rise in average taxable income, from $54,714.68 in 2013 to $71,331.75 in 2021, hinting at a robust local economy and potentially higher earning residents. Correspondingly, state and local income taxes have increased from $4,500.00 in 2012 to $6,990.14 in 2021, with a notable jump between 2017 and 2018, possibly indicating economic growth or tax policy changes. Interestingly, the average total tax liability per tax return also spiked significantly in... Read more
Average Taxable Income per Tax Return in Greene County, VA over the last 9 years
The average taxable income per tax return in Greene County, Virginia has seen a consistent upward trend over the last nine years, growing from $54,714.68 in 2013 to $71,331.75 in 2021. This gradual increase suggests a strengthening local economy, potentially making it an attractive area for real estate investment and development. This rise in taxable income could also indicate higher earning potential for residents, which may be of interest to those considering moving to the area or professionals assessing market viability for various services.
Average State and Local Income Taxes Per Tax Return in Greene County, VA Over the Last 10 Years
Over the last decade, Greene County, Virginia, has experienced a notable rise in average state and local income taxes per tax return. Starting at $4,500.00 in 2012 and climbing to $6,990.14 in 2021, the trend reveals a steady upward trajectory, especially marked between 2017 and 2018 where it spiked significantly. This increase in taxes could signal economic growth or changes in tax policy, making it a consideration for potential investors, property developers, and anyone assessing the financial landscape of the county. The higher tax amounts could indicate better-funded public services, and might influence the attractiveness of the area for new residents and businesses.
Average Total Tax Liability Per Tax Return in Greene County, VA Over the Last 10 Years
Greene County, Virginia has experienced a general upward trend in average total tax liability per tax return over the last decade, with a notable spike occurring in 2021, reaching $9,749.09. Between 2012 and 2020, tax liabilities showed a relatively steady climb from $7,149.17 in 2012 to $8,039.00 in 2015, peaking slightly at $8,399.73 in 2017 before dropping back to $8,001.85 by 2020. However, the substantial increase in 2021 suggests possible changes in income patterns, tax policy adjustments, or economic factors impacting the area, offering potential investors, real estate agents, and property developers an interesting variable to watch.
Cost of Living in Greene County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,676 | $1,383 | $1,626 | $1,555 | $1,630 |
| 1 adult 4 children | $1,676 | $1,130 | $1,241 | $1,555 | $1,812 |
| 2 adults 3 children | $1,676 | $1,130 | $1,412 | $1,555 | $1,399 |
| 1 adult 3 children | $1,676 | $923 | $1,027 | $1,555 | $1,584 |
| 2 adults 2 children | $1,348 | $925 | $1,198 | $1,358 | $1,133 |
| 1 adult 2 children | $1,348 | $691 | $813 | $1,358 | $1,203 |
| 2 adults 1 child | $1,348 | $731 | $984 | $717 | $1,015 |
| 1 adult 1 child | $1,348 | $472 | $599 | $717 | $942 |
| 2 adults | $1,128 | $587 | $770 | $0 | $822 |
| 1 adult | $1,121 | $320 | $385 | $0 | $743 |
Safety trends & Data
Property crime trends in Greene County, Virginia show noticeable fluctuations, particularly in Larceny-Theft, which peaked at 91.00 incidents in 2019 and dropped to 40.00 in 2021. Motor Vehicle Theft has slightly increased, reaching 7.00 in 2021. While Vandalism and Burglary remain relatively low with minor variations, Embezzlement and Fraud display sporadic yet consistent presence. Understanding these trends is crucial for potential investors and residents as they could influence property... Read more
Property Crime Trends in Greene County, VA Over the Last 5 Years
Property crime trends in Greene County, Virginia suggest a noticeable fluctuation in key categories over the past five years. Larceny-Theft remains the most frequent offense, varying from a high of 91.0 in 2019 to a low of 40.0 in 2021. Motor Vehicle Theft shows a slight uptick in recent years, peaking at 7.0 in 2021. Vandalism and Burglary rates hover relatively low but show minor rises and dips. Embezzlement and Fraud remain somewhat sporadic but consistent. These trends are crucial for potential investors and residents to understand the evolving local crime landscape and may also impact property valuations and insurance rates.
Demographics
Greene County, Virginia, shows a slightly higher female adult population compared to males. Educational attainment reveals a strong focus on high school and some college education, with bachelor’s degrees and graduate-level achievements trailing closely behind. The age distribution is quite balanced, although there's a noticeable concentration in the 25 to 54 age bracket. Racially, the population is predominantly White, with smaller representations from Black or African American, Asian, and... Read more
Race Distribution in Greene County, Virginia (2022)
Educational Attainment in Greene County, Virginia (2022)
Age Distribution in Greene County, Virginia
Citizen Population in Greene County, Virginia (2022)
Political Trends & Data
Greene County, Virginia, exhibited a notable Republican inclination in the 2020 U.S. Presidential Election, emphasizing the conservative sway in local voter tendencies. The Democratic vote, although substantial, lags behind, signaling a less pronounced influence. The Libertarian vote, while marginal, suggests an openness to alternative political views beyond the predominant... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
With Greene County in Virginia showing a significant Republican lean in the 2020 U.S. Presidential Election, it's clear that conservative values might play a key role in local voter behavior. While the Democratic share of the vote still represents a sizable portion, it's considerably less dominant. The presence of Libertarian voters, albeit small, hints at some demand for alternative political perspectives beyond the two major parties.
60.69% of voters voted for the Republican party in the 2020 Presidential Election
36.80% of voters voted for the Democrat party in the 2020 Presidential Election
2.13% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Greene County, Virginia, the student-to-teacher ratio has notably varied over the past decade, ranging between 14 to 17 students per teacher and falling sharply to 13 in 2023. This lower ratio, which falls below the national average, could influence property values and desirability. Families often seek areas with better education quality, which might heighten demand for housing and impact the local real estate market. This trend could also be relevant for appraisers, real estate and... Read more
Student-to-teacher ratio in Greene County, Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Greene County, Virginia, has fluctuated notably. From 2014 to 2022, ratios generally ranged from 14 to 17 students per teacher, peaking at 17 in 2021 before dropping sharply to 13 in 2023. This recent decrease brings the county's ratio below the national average of 14 students per teacher. Such ratios can be critical for investors, appraisers, and real estate agents as they can influence property values and desirability. Lower student-to-teacher ratios are often seen as indicators of better education quality, which might attract families looking to relocate, thereby possibly driving up demand for housing and impacting local real estate markets. Additionally, insurance agents might consider these trends when assessing the overall risk and valuation of properties in the area.
