James City County Real Estate and Livability Trends
James City County, Virginia is experiencing noticeable economic and real estate shifts. With average taxable incomes climbing from $82,848.91 in 2013 to $116,569.46 in 2021, the area may be becoming more affluent, contributing to rising property values; median home values surged from $319,100 in 2015 to $396,800 in 2022. Enhanced local investments in energy-efficient home improvements and a... Read more
James City County Market Trends
James City County, Virginia's housing market shows a consistent rise in median home values from $319,100 in 2015 to $396,800 in 2022, outpacing broader state and national trends. The sharp increase in residential energy tax credits since 2018, hitting $2,545.45 per return, hints at growing investments in energy-efficient home improvements. Real estate taxes also climbed from $3,368.99 in 2012 to... Read more
Median Value of Occupied Housing Units in James City County, Virginia Over the Last 8 Years
Over the last eight years, the median home value in James City County, Virginia increased from $319,100 in 2015 to $396,800 in 2022. This growth rate consistently outpaces both the state of Virginia, where values rose from $245,000 to $339,800, and national trends, which saw an increase from $125,500 to $179,400 in the same timeframe. These trends suggest James City County is an increasingly desirable area, reflecting potentially robust local economic factors and a strong housing market that could attract investors, builders, and new residents seeking confluence between luxury and community offerings.
Residential Energy Tax Credit Per Tax Return in James City County, VA Over the Last 9 Years
James City County, Virginia has seen a notable increase in average residential energy tax credits over the past nine years, particularly since 2018 when credits spiked to $2545.45 per tax return, almost six times higher than previous years. While the credit amounts fluctuated from 2013 to 2017, averaging between $361.11 and $475.56, post-2018 data shows a marked upward trend with 2021 peaking at $1571.25. This could imply enhanced investment in energy-efficient home improvements, suggesting a positive correlation between energy efficiency initiatives and potential long-term energy cost savings for residents. Investors and real estate professionals might view this trend as indicative of increasing property values and heightened buyer interest in energy-efficient homes.
Average Real Estate Taxes Per Tax Return in James City County, VA Over the Last 10 Years
Real estate taxes in James City County, Virginia have generally trended upwards over the last decade. From $3,368.99 in 2012, there's been a notable increase, reaching $4,520.08 by 2021. This surge may interest those in real estate and investment fields, signaling a possible appreciation in property values. Potential homeowners and insurance agents could also take heed, as higher taxes often accompany improvements in local amenities and infrastructure. Such financial trends provide critical insight for anyone involved in appraising, insuring, or developing property in the area.
Percentage of Farm Returns in James City County, VA Over the Last 10 Years
In the past decade, James City County, Virginia, has seen a generally declining trend in the percentage of farm tax returns from 0.29% in 2012 to a low of 0.19% in 2021. Farm tax returns indicate the proportion of local income derived from agricultural activities, reflecting shifts in economic focus. Investors, developers, and new residents might interpret this as a signal that the county's agricultural sector is contracting, possibly shifting towards residential or commercial development. Understanding these trends can help in making informed decisions about property investments and recognizing shifts in local economic activities.
Number of Mortgages by Occupancy Type in James City County, VA Over the Last 5 Years in James City County
Tracking mortgage data in James City County, Virginia reveals that principal residences consistently dominate the mortgage market, though there's notable fluctuation. For instance, mortgage counts for principal residences soared from 4,089 in 2018 to a peak of 8,710 in 2021, before dropping sharply to 4,561 in 2022. Investment properties and second residences also saw varied activity, with highest investment mortgage counts in 2021 at 425 and second residences peaking the same year at 223. Understanding these shifts can impact decision-making for investors, insurers, and property developers by highlighting housing demand trends. Appraisers and real estate agents might see such data indicative of market health or shifts in local economic conditions.
Economic Outlook
James City County, Virginia has been on an economic upswing, with the average taxable income per tax return climbing from approximately $82,848.91 in 2013 to $116,569.46 in 2021, hinting at rising incomes and possibly increasing property values. Alongside, state and local income taxes per tax return have grown from about $6,786.72 to $11,465.53 over the past decade, suggesting higher incomes or tax rate adjustments. Additionally, the average total tax liability per tax return rose from... Read more
Average Taxable Income per Tax Return in James City County, VA over the last 9 years
James City County, Virginia has experienced a notable upward trend in average taxable income per tax return over the past nine years. The figures started at approximately $82,848.91 in 2013 and saw a consistent rise, with the most significant leap occurring between 2020 and 2021, reaching approximately $116,569.46. This upward trend suggests a rising economic prosperity, making it a potentially attractive area for investors, prospective residents, and real estate professionals. For appraisers and insurance agents, it indicates a growing market value and possibly increased property insurance rates.
Average State and Local Income Taxes Per Tax Return in James City County, VA Over the Last 10 Years
Over the last decade, James City County, Virginia, has seen an upward trend in average state and local income taxes per tax return, rising from approximately $6,786.72 in 2012 to about $11,465.53 in 2021. This steady increase might be indicative of a growing economy, higher average incomes, or changing tax rates. For potential investors and real estate professionals, this could signal a prosperous and evolving community with increasing tax revenues. Meanwhile, appraisers and insurance agents might find this trend useful in assessing property values and risk, respectively.
Average Total Tax Liability Per Tax Return in James City County, VA Over the Last 10 Years
Average total tax liability per tax return in James City County, Virginia has generally shown an upward trajectory over the past decade. For instance, from 2012 to 2021, there was an increase from approximately $14,925.87 to about $20,604.41. Steeper spikes were seen in years like 2017 and 2021, suggesting substantial economic or policy changes. This trend could be a crucial consideration for potential investors and residents evaluating the area's economic environment, as well as for appraisers and insurance agents assessing long-term financial implications.
Cost of Living in James City County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,858 | $1,725 | $1,579 | $1,894 | $1,936 |
| 1 adult 4 children | $1,858 | $1,409 | $1,205 | $1,894 | $2,064 |
| 2 adults 3 children | $1,858 | $1,409 | $1,372 | $1,894 | $1,635 |
| 1 adult 3 children | $1,858 | $1,151 | $997 | $1,894 | $1,808 |
| 2 adults 2 children | $1,330 | $1,154 | $1,164 | $1,666 | $1,226 |
| 1 adult 2 children | $1,330 | $862 | $790 | $1,666 | $1,311 |
| 2 adults 1 child | $1,330 | $912 | $956 | $922 | $1,065 |
| 1 adult 1 child | $1,330 | $589 | $582 | $922 | $989 |
| 2 adults | $1,138 | $733 | $749 | $0 | $823 |
| 1 adult | $1,117 | $400 | $374 | $0 | $719 |
Safety trends & Data
Property crime in James City County, Virginia, has seen notable fluctuations over the past five years. Larceny-theft plummeted from 232.00 instances in 2018 to around 71.00 in 2020, before climbing back to 87.00 by 2022. Vandalism incidents were relatively stable, peaking at 41.00 in 2020 and dropping to 17.00 in 2022. Arson and burglary also showed spikes, with arson hitting 3.00 instances in 2022 and burglary reaching 18.00 in 2018. These trends suggest changing risks that could influence... Read more
Property Crime Trends in James City County, VA Over the Last 5 Years
Property crime in James City County, Virginia, shows a significant fluctuation over the past five years, especially with larceny-theft, which saw a marked decrease from 232.0 instances in 2018 to just around 71.0 in 2020, before climbing again to 87.0 by 2022. Vandalism incidents varied but remained somewhat consistent, with a peak at 41.0 in 2020 and a drop to 17.0 in 2022. Interestingly, both arson and burglary incidents reveal spikes, with arson peaking at 3.0 instances in 2022 and burglary at 18.0 instances in 2018, decreasing substantially in other years. For investors, real estate agents, and insurance agents, these shifts imply a changing risk landscape that could impact property values and insurance premiums.
Demographics
James City County, Virginia's population shows a slightly higher number of females compared to males while maintaining a balanced gender ratio. Educational attainment levels indicate a healthy spread, with a significant portion holding at least a bachelor's degree. The age distribution skews towards the older adults, particularly those aged 55 and above. Racially, the county is predominantly White, though it houses a relatively smaller but diverse mix of other races. These trends suggest... Read more
Race Distribution in James City County, Virginia (2022)
Educational Attainment in James City County, Virginia (2022)
Age Distribution in James City County, Virginia
Citizen Population in James City County, Virginia (2022)
Political Trends & Data
James City County in Virginia experienced a close contest in the 2020 U.S. Presidential Election, with Democrats possibly securing a narrow lead over Republicans. The Libertarian party managed to attract a small but noticeable voter base, hinting at a modest interest in third-party alternatives. These voting patterns suggest a trend towards political diversification, which may influence community dynamics and local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
James City County in Virginia saw a tight race in the 2020 U.S. Presidential Election, with Democrats potentially securing a slight edge over Republicans. The Libertarian party, while not a significant player, still garnered a small portion of the votes, suggesting a modest interest in third-party options. Despite minimal impact from other parties, these nuances could reflect growing political diversification in local voter sentiment.
46.64% of voters voted for the Republican party in the 2020 Presidential Election
51.48% 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
0.45% of voters voted for the Other party in the 2020 Presidential Election
School Data
James City County, Virginia has seen its student-to-teacher ratio drop from nearly 17:1 in 2014 to just under 14:1 in 2023, dipping below the national average. This trend may indicate rising investment in the local education system, potentially contributing to higher property values and a more attractive living environment. For real estate professionals and homebuyers, this reduction in class sizes suggests a community prioritizing education, which could translate to enhanced neighborhood... Read more
Student-to-teacher ratio in James City County, Virginia over the last 10 years
James City County, Virginia has seen a gradual decline in the student-to-teacher ratio over the last decade, starting from nearly 17 students per teacher in 2014 to just under 14 students per teacher in 2023. This trend brings the ratio below the current national average of 14 students per teacher, potentially indicating an increasing investment in education. For investors, real estate agents, and potential homebuyers, this shift could signal a more favorable educational environment, enhancing property values and livability. Appraisers and insurance agents might also view this as a marker of improving community resources and stability.
