King and Queen County Real Estate and Livability Trends
King and Queen County, Virginia's real estate market showcases intriguing trends like median home values rising from $155,800 in 2015 to $212,500 in 2022, still below the state median of $339,800. The notable increase in residential energy tax credits, peaking at $1,500.00 in 2021, suggests a growing market for energy-efficient homes. While real estate taxes have climbed, possibly reflecting... Read more
King and Queen County Market Trends
King and Queen County, Virginia has seen its median home values rise from $155,800 in 2015 to $212,500 in 2022, although still trailing behind the state's median of $339,800 in the same period. Notably, energy-efficient homes are becoming more prevalent, as evidenced by the increase in residential energy tax credits, peaking at $1,500.00 in 2021. Real estate taxes have grown, indicating rising... Read more
Median Value of Occupied Housing Units in King and Queen County, Virginia Over the Last 8 Years
Over the past eight years, King and Queen County, Virginia has seen a fluctuating increase in median home values, starting from $155,800 in 2015 and rising to $212,500 in 2022. This local trend is especially interesting when compared to the national median, which modestly climbed from $125,500 to $179,400 in the same period. Despite the steady rise, King and Queen County's median home values still lag behind the Virginia state median, which saw a significant jump from $245,000 to $339,800. For investors and potential homeowners, this disparity might suggest untapped potential for growth in King and Queen County, particularly as it converges with broader national and state trends.
Residential Energy Tax Credit Per Tax Return in King and Queen County, VA Over the Last 8 Years
King and Queen County, Virginia has seen fluctuating but generally increasing residential energy tax credits over the past eight years, suggesting a growing interest in energy-efficient home improvements. Average credits per tax return spiked in 2019 to $1,225.00 and reached $1,500.00 in 2021. This upward trend could point to more households adopting sustainable practices, potentially influenced by rising energy costs or greater awareness of environmental benefits. For investors and real estate agents, this implies a potentially higher market value for energy-efficient homes. Appraisors and insurance agents might also consider the influence of these enhancements on property valuations and risk assessments.
Average Real Estate Taxes Per Tax Return in King and Queen County, VA Over the Last 10 Years
King and Queen County, Virginia has seen notable fluctuations in real estate taxes over the last decade, with a sharp increase beginning around 2018. The average real estate taxes per tax return show consistent growth, moving from $1632.14 in 2012 to $2405.88 by 2021. This rising trend could signal increasing property values or changes in taxation policies, making it a critical point for prospective investors, real estate agents, and current residents to consider when evaluating property market dynamics in the area.
Percentage of Farm Returns in King and Queen County, VA Over the Last 10 Years
Over the last decade in King and Queen County, Virginia, the percentage of farm tax returns has shown some fluctuation. Starting at 2.56% in 2012, it saw a peak of 3.07% in 2017, only to decrease to around 2.05% by 2021. Farm tax returns typically represent the financial filings of agricultural operations, often inversely reflecting the economic pressures farmers face. For prospective investors or those considering moving to the area, this decline might indicate shifts in the agricultural viability or changes in farming practices within the county. Understanding these trends could be crucial for future planning, whether for investment, property development, or overall economic assessment.
Number of Mortgages by Occupancy Type in King and Queen County, VA Over the Last 5 Years in King and Queen County
King and Queen County, Virginia has seen a noticeable fluctuation in mortgage counts for different occupancy types over the past five years. Principal residences have consistently dominated, peaking in 2021 at 492 mortgages, potentially reflecting a growing population or rising homeownership in the area. Investment properties and second residences have remained relatively stable, with slight variations that could point to steady, yet cautious interest from investors and seasonal homeowners. These trends might suggest those looking to invest or build should consider the robust demand for primary homes, while appraisers and insurance agents might focus on the implications of this demand on property values and insurance policies. For real estate agents and those moving to the area, understanding these dynamics can help tailor strategies and decisions to the county's evolving housing market.
Economic Outlook
In King and Queen County, Virginia, average taxable income per tax return increased from around $46,164.67 in 2013 to approximately $60,265.84 by 2021, possibly reflecting economic stability and higher earning potential. Alongside this, average state and local income taxes rose from roughly $4,101.23 in 2012 to $5,721.05 in 2021, which might indicate higher incomes or tax rates. The total tax liability per tax return also saw a rise from $5,818 in 2012 to approximately $7,699 in 2021. These... Read more
Average Taxable Income per Tax Return in King and Queen County, VA over the last 9 years
Over the past nine years in King and Queen County, Virginia, there has been a gradual increase in average taxable income per tax return, with the figure rising from around $46,164.67 in 2013 to approximately $60,265.84 in 2021. This suggests a trend that might reflect a growing economic stability or higher earning potential in the area, which could be a positive indicator for potential investors, new residents, and real estate professionals. The significant bump, particularly noted between 2019 and 2021, may be worth investigating further for those interested in understanding the underlying causes and long-term implications.
Average State and Local Income Taxes Per Tax Return in King and Queen County, VA Over the Last 10 Years
Over the past decade, King and Queen County, Virginia has seen a notable increase in average state and local income taxes per tax return, rising from approximately $4,101.23 in 2012 to around $5,721.05 by 2021. This trend could hint at increasing incomes or potentially higher tax rates in the area, factors important for potential investors, property developers, and real estate agents. Keeping an eye on these numbers might help insurance agents and appraisers better evaluate financial burdens and opportunities within the county.
Average Total Tax Liability Per Tax Return in King and Queen County, VA Over the Last 10 Years
King and Queen County, Virginia, has seen a gradual increase in the average total tax liability per tax return over the last decade. Starting at roughly $5,818 in 2012, there's been a notable upward trend, reaching approximately $7,699 by 2021. This data could suggest rising incomes or changing tax policies, both of which might influence investment and real estate opportunities. For those considering a move or investment in this area, it's crucial to factor in these tax trends when evaluating long-term financial expectations. Real estate agents and appraisers should be aware of these shifts, as they can impact property valuations and purchasing decisions.
Cost of Living in King and Queen County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,282 | $1,520 | $1,628 | $1,470 | $1,420 |
| 1 adult 4 children | $1,282 | $1,241 | $1,242 | $1,470 | $1,575 |
| 2 adults 3 children | $1,282 | $1,242 | $1,413 | $1,470 | $1,184 |
| 1 adult 3 children | $1,282 | $1,014 | $1,028 | $1,470 | $1,322 |
| 2 adults 2 children | $902 | $1,017 | $1,199 | $1,281 | $950 |
| 1 adult 2 children | $902 | $759 | $814 | $1,281 | $928 |
| 2 adults 1 child | $902 | $803 | $985 | $666 | $838 |
| 1 adult 1 child | $902 | $519 | $600 | $666 | $739 |
| 2 adults | $799 | $645 | $771 | $0 | $701 |
| 1 adult | $781 | $352 | $385 | $0 | $626 |
Safety trends & Data
King and Queen County, Virginia's property crime dynamics have been notably fluctuating, especially with larceny-theft incidents dropping from a consistent 4.0 in 2018-2019 to just 1.0 in 2022. Vandalism also saw a surprising peak at 3.0 in 2019 before stabilizing and declining. Interestingly, fraud cases showed some inconsistency, peaking in 2020, hinting at varying local risk factors. Despite a mixed bag of trends, crimes like motor vehicle theft and burglary have stayed relatively low. Such... Read more
Property Crime Trends in King and Queen County, VA Over the Last 5 Years
King and Queen County, Virginia has experienced a noticeable fluctuation in property crime over the past five years. Larceny-theft incidents, which were consistent at 4.0 reports in both 2018 and 2019, dropped to 3.0 in 2021 and sharply declined to 1.0 in 2022. Vandalism incidents peaked at 3.0 in 2019 before stabilizing to 2.0 in 2020, and decreasing to 1.0 in 2021. Fraud cases saw an increase, with a peak of 3.0 in 2020 and displaying variability across the years. Motor vehicle theft and burglary have remained relatively lower in comparison. Generally, these trends suggest that while certain property crimes like larceny-theft may be decreasing, the county still faces variability in other property-related crimes, making it an area worth monitoring for trends in property crime rates.
Demographics
King and Queen County, Virginia, shows a roughly balanced adult population with males marginally outnumbering females. Educational attainment is diverse, with a significant portion having at least a high school diploma and a notable number advancing to higher education. The age distribution indicates a broader older demographic, particularly those over 55 years, suggesting potential demands for senior services and healthcare. Dominated by White and African American residents, the racial makeup... Read more
Race Distribution in King and Queen County, Virginia (2022)
Educational Attainment in King and Queen County, Virginia (2022)
Age Distribution in King and Queen County, Virginia
Citizen Population in King and Queen County, Virginia (2022)
Political Trends & Data
In King and Queen County, Virginia, the real estate market's interplay with political trends becomes evident. The 2020 election results showed a Republican stronghold, which might affect local policies and development incentives. Democrats garnered a decent portion of votes, hinting at underlying partisan dynamics that could influence community planning and resource allocation. The modest Libertarian presence and minimal support for other parties indicate a predominantly two-party dynamic,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In King And Queen County, Virginia, the 2020 election results suggest Republicans held a significant lead, potentially influencing the political landscape in the area. Democrats, while trailing, still managed a notable share of the vote, indicating some degree of partisan competition. The presence of Libertarian votes, although modest, alongside the minimal support for other parties, may suggest a limited but existent appetite for alternative political perspectives.
59.54% of voters voted for the Republican party in the 2020 Presidential Election
38.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.56% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
King and Queen County, Virginia, has seen its student-to-teacher ratio fluctuate notably, starting at 15 students per teacher in 2014, peaking at 18 in 2020, and dropping to 13 in 2022 before stabilizing at roughly 16 in 2023. With the national average at 14, these higher ratios could impact educational quality, making it a key consideration for real estate appraisers and agents. Families and investors might be particularly interested, as larger class sizes could influence both property values... Read more
Student-to-teacher ratio in King And Queen County, Virginia over the last 10 years
King and Queen County, Virginia, has experienced notable fluctuations in its student-to-teacher ratios over the last decade. Starting at 15 students per teacher in 2014, the ratio saw a rising trend, peaking at 18 in 2020. Interestingly, it dropped significantly to 13 in 2022, before leveling out at roughly 16 in 2023. This matters for potential investors and families because a higher student-to-teacher ratio might indicate larger class sizes, which can affect the quality of education and individual attention students receive. Compared to the national average of 14 students per teacher, King and Queen County often has higher ratios, suggesting a potential area for educational improvement or investment. This metric could also influence appraisors and real estate agents, as educational quality is a major factor for families when choosing a place to live.
