King George County Real Estate and Livability Trends
King George County, Virginia's real estate market shows intriguing upward trends in home values, which hit $372,300 in 2022, surpassing both national and statewide medians. The hefty rise in the average taxable income, from $67,684.43 in 2013 to $90,651.26 in 2021, coupled with increasing state and local income taxes, signals growing affluence and possibly shifting tax policies. Meanwhile, a... Read more
King George County Market Trends
King George County, Virginia has seen a steady increase in median home values, reaching $372,300 in 2022, surpassing both the national and statewide medians. The residential energy tax credit per tax return surged dramatically from $500.00 in 2013 to $3,407.14 in 2021, highlighting a significant push towards sustainability and energy efficiency. Real estate taxes have also climbed from $1,809.11... Read more
Median Value of Occupied Housing Units in King George County, Virginia Over the Last 8 Years
King George County, Virginia has seen a steady rise in median home values over the last eight years, culminating in $372,300 for 2022. This growth far exceeds the national median of $179,400 for the same year. Compared to the statewide average of $339,800, King George County homes continue to hold a higher value, potentially indicating a robust local real estate market. This market behavior may appeal to investors looking for appreciating assets or individuals aiming for premium living situations within Virginia.
Residential Energy Tax Credit Per Tax Return in King George County, VA Over the Last 9 Years
Over the last nine years, King George County, Virginia, has seen a significant rise in the average residential energy tax credit per tax return. This trend indicates growing investment in energy-efficient upgrades and renewable energy sources. The average amount increased dramatically from $500.00 in 2013 to $3,407.14 in 2021, with noticeable spikes, especially in 2018 and 2021. This suggests that homeowners and investors are increasingly committed to sustainability, potentially driving up property values and interest in green building options. Such data might catch the eye of real estate agents, appraisers, and potential residents looking to capitalize on or at least be aware of environmentally conscious communities.
Average Real Estate Taxes Per Tax Return in King George County, VA Over the Last 10 Years
Average real estate taxes per tax return in King George County, Virginia have trended upwards over the past decade, reflecting a general increase in property values and local tax revenue needs. In 2012, the average was around $1,809.11, steadily climbing to approximately $2,862.29 in 2021. This uptrend could mean higher property values and, consequently, higher potential returns for real estate investments. However, prospective homeowners and investors should consider the rising tax burden as part of their long-term financial planning.
Percentage of Farm Returns in King George County, VA Over the Last 10 Years
Over the past decade, the percentage of farm returns in King George County, Virginia has displayed a gradual decline from a notable 1.45% in 2012 to a low of 0.95% in 2021 with fluctuations along the way. Farm tax returns, which represent the economic health and viability of agricultural operations, suggest potential challenges in sustaining agricultural investments in this region. For potential investors, builders, or those planning to relocate, these figures might indicate a pivot away from farming activities or the need to scrutinize the local agricultural sector's evolving dynamics.
Number of Mortgages by Occupancy Type in King George County, VA Over the Last 5 Years in King George County
In King George County, Virginia, there has been a noticeable fluctuation in mortgage counts across different occupancy types over the past five years. Principal residences consistently dominate the market, with numbers peaking in 2021 and tapering off in subsequent years. Investment properties saw a spike in 2021 but overall present relatively smaller figures compared to primary homes. The second residence category remained low and fairly steady throughout the period. These trends are critical for investors and real estate agents to understand market dynamics and potential opportunities. Changes in occupancy types can signal shifts in local demand, impacting property values and long-term investment strategies. For appraisers and insurance agents, occupancy type variations are key in risk assessment and policy pricing.
Economic Outlook
King George County, Virginia, has seen consistent growth in average taxable income per tax return, climbing from $67,684.43 in 2013 to $90,651.26 in 2021. Simultaneously, average state and local income taxes have risen from $5,485.38 in 2012 to $8,029.61 in 2021, potentially signaling shifts in tax policies and increasing affluence in the area. The total tax liability also saw a jump from $9,600.23 in 2012 to $13,428.68 in 2021. These trends could be crucial for real estate investors,... Read more
Average Taxable Income per Tax Return in King George County, VA over the last 9 years
King George County, Virginia has seen a steady increase in average taxable income per tax return over the past nine years. Starting at $67,684.43 in 2013, there has been consistent year-over-year growth, peaking at $90,651.26 in 2021. This upward trend could suggest economic growth and rising prosperity in the area, which might be relevant for potential investors, real estate developers, and others evaluating the financial health and opportunities in the region.
Average State and Local Income Taxes Per Tax Return in King George County, VA Over the Last 10 Years
King George County, Virginia, has seen a gradual increase in average state and local income taxes per tax return over the last decade, with the amount rising from $5,485.38 in 2012 to $8,029.61 in 2021. This steady rise suggests a growing affluence or changes in tax policies which could impact both potential real estate investors and those considering moving to the area. The jump in taxes particularly after 2017 may reflect broader economic trends in Virginia, indicating a potential shift in the socio-economic fabric of the county. This data could be crucial for appraisers and insurance agents evaluating properties, as well as real estate agents and developers planning new projects.
Average Total Tax Liability Per Tax Return in King George County, VA Over the Last 10 Years
Over the past decade, King George County in Virginia has seen a notable rise in average total tax liability per tax return, jumping from just under $9,600.23 in 2012 to around $13,428.68 in 2021. This upward trend might suggest increased income levels or changing tax structures affecting residents. Potential investors and real estate professionals should keep an eye on these tax trends, as they could impact property values and the overall affordability of living in the area. Insurers and appraisers might also find this data useful for gauging risk and property appraisal adjustments over time.
Cost of Living in King George County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,718 | $1,464 | $1,550 | $1,614 | $1,696 |
| 1 adult 4 children | $1,718 | $1,195 | $1,184 | $1,614 | $1,879 |
| 2 adults 3 children | $1,718 | $1,196 | $1,346 | $1,614 | $1,457 |
| 1 adult 3 children | $1,718 | $976 | $979 | $1,614 | $1,641 |
| 2 adults 2 children | $1,209 | $979 | $1,142 | $1,409 | $1,103 |
| 1 adult 2 children | $1,209 | $731 | $775 | $1,409 | $1,161 |
| 2 adults 1 child | $1,209 | $774 | $937 | $743 | $981 |
| 1 adult 1 child | $1,209 | $500 | $571 | $743 | $895 |
| 2 adults | $983 | $622 | $733 | $0 | $779 |
| 1 adult | $897 | $339 | $367 | $0 | $674 |
Safety trends & Data
King George County, Virginia's property crime landscape has experienced dynamic changes over the past five years. Larceny-theft surged to 58 incidents in 2022, up from 25 in 2021, while burglary saw a spike to 9 cases in 2021 but otherwise stayed low. Fraud peaked with 16 cases in 2020, and vandalism hit 15 incidents in 2022. Motor vehicle theft also showed a minor uptick, reaching 7 instances in 2022. These patterns could signal shifting public safety priorities that may influence property... Read more
Property Crime Trends in King George County, VA Over the Last 5 Years
King George County, Virginia, has seen fluctuations in property crime over the past five years, with larceny-theft consistently being the most common offense, spiking to 58 incidents in 2022 from 25 in 2021. Burglary cases saw a notable increase in 2021 to 9 incidents but remained relatively low in other years. Fraud and vandalism have shown some variability, with fraud hitting a peak of 16 cases in 2020 and vandalism reaching 15 incidents in 2022. Motor vehicle theft incidents slightly increased to 7 in 2022. For investors, homeowners, and real estate professionals, these trends potentially suggest a focal shift in the county's public safety concerns, which could impact property values and insurance premiums.
Demographics
King George County, Virginia, shows a relatively balanced gender distribution with slightly more males (10,161) than females (9,817). The educational attainment is diverse, with a significant chunk having only a high school diploma or some college experience, indicative of a workforce that may lean towards trade and technical jobs. Most residents fall within the 35 to 54 age range, which could suggest a stable working-age population. The racial makeup is predominantly White, although there's a... Read more
Race Distribution in King George County, Virginia (2022)
Educational Attainment in King George County, Virginia (2022)
Age Distribution in King George County, Virginia
Citizen Population in King George County, Virginia (2022)
Political Trends & Data
In King George County, Virginia, the real estate market might be influenced by its political landscape, where nearly 60% of voters leaned Republican in the 2020 U.S. Presidential Election, suggesting a strong conservative base. Interestingly, with Democrats close to 38%, there is still a notable liberal presence. Third-party candidates had minimal impact with roughly 2% of the vote, indicating limited support for alternative political views. This could suggest that buyers will find a community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
King George County in Virginia showed a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with nearly 60% of the votes, which suggests a strong conservative voter base. The Democrat party, while considerably behind, still garnered close to 38% of the votes, hinting at a notable presence of liberal constituents. Minor parties like the Libertarian and others had very minimal impact, accumulating roughly 2% or less, which could indicate limited support for third-party candidates in this area.
59.37% of voters voted for the Republican party in the 2020 Presidential Election
37.98% of voters voted for the Democrat party in the 2020 Presidential Election
2.21% of voters voted for the Livertarian party in the 2020 Presidential Election
0.44% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in King George County, Virginia has notably improved, dropping from about seventeen in 2014 to just below fifteen recently, aligning with the national average of fourteen students per teacher in 2021. This may indicate better resource allocation or hiring practices, suggesting a more favorable learning environment. For investors, movers, or builders, these trends could signal a commitment to educational quality, potentially making the area more attractive. Real... Read more
Student-to-teacher ratio in King George County, Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in King George County, Virginia has seen a notable decrease, particularly from a high of approximately seventeen in 2014 to slightly below fifteen in recent years. Notably, the ratio reached the current national average of fourteen students per teacher in 2021. These shifts may suggest improvements in resource allocation or hiring practices, potentially indicating a more favorable learning environment. For those considering investing, moving, or building in the area, these trends may hint at a commitment to education quality. Real estate agents and appraisers might find these ratios appealing to clients prioritizing educational opportunities. Similarly, insurance agents could use these insights when assessing community risk and education-related claims.
