King William County Real Estate and Livability Trends
King William County, Virginia, has experienced a steady climb in average taxable income per tax return, jumping from $54,189.80 in 2013 to $69,099.12 by 2021, potentially making the area attractive to real estate investors and those considering relocation. Median home values have risen from $198,500 in 2015 to $252,200 in 2022, aligning more closely with national trends than state figures.... Read more
King William County Market Trends
King William County, Virginia has seen a steady rise in median home values, jumping from $198,500 in 2015 to $252,200 in 2022, aligning more closely with national trends than broader Virginia figures. Residential energy tax credits per tax return exhibited significant spikes and dips, peaking at $2,328.57 in 2021, suggesting appealing opportunities for green energy investments. Real estate taxes... Read more
Median Value of Occupied Housing Units in King William County, Virginia Over the Last 8 Years
King William County, Virginia has shown a steady increase in median home values over the past eight years, surging from $198,500 in 2015 to $252,200 in 2022. While this upward trend mirrors the general movement in national and state-level data, the county's growth rate appears to align more closely with national figures, which rose from $125,500 to $179,400 over the same period. This trajectory suggests that King William County might be an appealing option for investors and homebuyers, as its value growth remains strong but comparatively more accessible than the broader Virginia market, where median values jumped from $245,000 to $339,800.
Residential Energy Tax Credit Per Tax Return in King William County, VA Over the Last 9 Years
King William County, Virginia has shown significant fluctuations in residential energy tax credits per tax return over the past nine years. Notably, there was a dramatic spike from $575.00 in 2017 to $2,100.00 in 2018, followed by a dip to $700.00 in 2019. The average credit surged again to $2,328.57 by 2021. These trends suggest varying adoption rates of energy-efficient improvements or shifts in available credits, making it an attractive aspect for investors, builders, and real estate professionals focusing on energy-efficient housing. This could potentially indicate a favorable market for green energy investments and appeal to those looking to capitalize on tax incentives.
Average Real Estate Taxes Per Tax Return in King William County, VA Over the Last 10 Years
King William County, Virginia, has seen moderate fluctuations in average real estate taxes over the past decade, rising from $2,157.09 in 2012 to $2,596.61 in 2021. Notable peaks include 2018 and 2020 with values of $2,615.00 and $2,710.29, respectively, reflecting potential increases in property values or changes in tax policy. These changes provide useful insights for investors, homeowners, and real estate professionals aiming to understand local tax trends and their possible impact on property costs and valuations.
Percentage of Farm Returns in King William County, VA Over the Last 10 Years
King William County, Virginia has seen fairly consistent percentages of farm returns hovering around 1.23% to 1.53% over the past decade. Although these farm returns show slight fluctuations, the overall trend indicates stability in the region's agricultural sector. This stability could suggest that while farming isn't a booming industry here, it retains a reliable presence. For potential investors or those looking to build property, this steady agricultural activity may point toward a balanced local economy with room for potential growth in the farming sector.
Number of Mortgages by Occupancy Type in King William County, VA Over the Last 5 Years in King William County
King William County, Virginia has seen a noticeable fluctuations in the number of mortgages for principal residences over the last five years, peaking in 2021 with 2,108 mortgages and reducing significantly to 1,285 in 2022. Investment properties have remained relatively stable, with slight increases from 29 in 2018 to 44 in 2022. Second residences show minimal activity, averaging around 13 mortgages per year. Variations in occupancy types can provide insights into market demand and housing stability, impacting everything from property values to insurance premiums. Investors, real estate agents, and builders should closely monitor these trends to tailor strategies that align with the county’s dynamic housing landscape.
Economic Outlook
King William County, Virginia, has experienced a steady climb in average taxable income per tax return, jumping from $54,189.80 in 2013 to $69,099.12 by 2021. This rise could imply growing local wages and economic development, making the area attractive to real estate investors and those contemplating relocation. State and local income taxes have also increased, from $3,931.63 in 2012 to $6,659.02 in 2021, suggesting potential impacts on the cost of living. Meanwhile, the average total tax... Read more
Average Taxable Income per Tax Return in King William County, VA over the last 9 years
Over the past nine years, King William County, Virginia, has seen a steady increase in the average taxable income per tax return. Starting at around $54,189.80 in 2013, the figure has climbed to approximately $69,099.12 by 2021. This trend could suggest rising local wages and economic development, which might be of interest to real estate investors, insurance agents, and those considering relocating to the area. With the consistent year-on-year growth, appraisers and financial planners may find valuable opportunities in tracking these income trends.
Average State and Local Income Taxes Per Tax Return in King William County, VA Over the Last 10 Years
Over the past decade, King William County, Virginia has seen a steady increase in average state and local income taxes per tax return, rising from approximately $3,931.63 in 2012 to around $6,659.02 in 2021. This upward trend could signal stronger economic growth or changes in local tax policies, potentially impacting the cost of living. Individuals contemplating a move or investment in the area might need to budget accordingly, while appraisers and real estate agents may find these figures relevant when assessing property values and market conditions.
Average Total Tax Liability Per Tax Return in King William County, VA Over the Last 10 Years
King William County, Virginia has seen a notably erratic trend in average total tax liability per tax return over the last decade, peaking significantly at $8,945.94 in 2021 after a steady climb from $6,781.74 in 2012. These shifts might interest potential investors and real estate agents assessing property values, as well as appraisers and insurance agents calculating tax impacts on investments and coverage. The fluctuations hint at economic changes or policy shifts that could be relevant for anyone considering relocating or investing in the area.
Cost of Living in King William County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,451 | $1,520 | $1,628 | $1,470 | $1,568 |
| 1 adult 4 children | $1,451 | $1,241 | $1,242 | $1,470 | $1,731 |
| 2 adults 3 children | $1,451 | $1,242 | $1,413 | $1,470 | $1,326 |
| 1 adult 3 children | $1,451 | $1,014 | $1,028 | $1,470 | $1,458 |
| 2 adults 2 children | $1,123 | $1,017 | $1,199 | $1,281 | $1,054 |
| 1 adult 2 children | $1,123 | $759 | $814 | $1,281 | $1,104 |
| 2 adults 1 child | $1,123 | $803 | $985 | $666 | $959 |
| 1 adult 1 child | $1,123 | $519 | $600 | $666 | $857 |
| 2 adults | $994 | $645 | $771 | $0 | $808 |
| 1 adult | $972 | $352 | $385 | $0 | $717 |
Safety trends & Data
King William County, Virginia, has experienced fluctuating property crime trends over the past five years, with vandalism and larceny-theft appearing to be the most prevalent. Burglary incidents peaked in 2018 but saw a significant drop afterward, while motor vehicle thefts spiked in 2020. Fraud cases showed a marked increase in 2019. This variability could influence security investments, risk assessments by appraisers, and considerations for insurance agents and real estate professionals... Read more
Property Crime Trends in King William County, VA Over the Last 5 Years
King William County, Virginia, has seen fluctuating property crime trends over the past five years, with notable variability in different crime categories. Vandalism and larceny-theft appear to be the most common types of property crimes, showing relatively high numbers annually. Burglary incidents peaked in 2018 but then saw a significant decrease. Motor vehicle thefts spiked notably in 2020. Fraud cases also varied, with a noticeable increase in 2019. Such data may suggest potential focal points for security investments, risk assessment by appraisers, and relevant considerations for insurance agents and real estate professionals evaluating the area's crime risk.
Demographics
King William County, Virginia's adult population shows a slightly higher number of females compared to males. Educational attainment reveals a substantial portion of adults hold a high school diploma or some college education, but fewer individuals have earned higher degrees. Age distribution indicates a balanced mix across various age groups, though those aged 55-64 years appear to be slightly more prevalent. The racial composition predominantly consists of White residents, with Black or... Read more
Race Distribution in King William County, Virginia (2022)
Educational Attainment in King William County, Virginia (2022)
Age Distribution in King William County, Virginia
Citizen Population in King William County, Virginia (2022)
Political Trends & Data
King William County, Virginia, leaned heavily Republican in the 2020 presidential election, with the GOP capturing approximately 68.20% of the vote. Democrats managed around 30.40%, while Libertarians pulled in just over 1.30%. Minimal or no significant support was observed for the Green party and other minor or independent parties, indicating a conservative-leaning electorate in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
King William County in Virginia exhibited a strong leaning towards the Republican party, which garnered a significant majority with nearly 68.2% of the votes. Democrats trailed with around 30.4%, while Libertarians captured just over 1.3%. No notable support was recorded for the Green party, and other independent or minor parties combined received less than 0.2%. This distribution might suggest a predominantly conservative voter base in the county during the 2020 presidential election.
68.18% of voters voted for the Republican party in the 2020 Presidential Election
30.36% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% 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
Over the last decade, King William County in Virginia has seen its student-to-teacher ratio fluctuate between thirteen and fourteen students per teacher, with a peak at fourteen in 2014 and 2020 and a low of thirteen in 2021. These ratios, slightly better than the national average of fourteen, hint at more personalized attention for students. Lower ratios often attract families, potentially boosting real estate interest in areas with favorable educational statistics. This suggests the... Read more
Student-to-teacher ratio in King William County, Virginia over the last 10 years
Over the last decade, King William County in Virginia has seen its student-to-teacher ratio fluctuate, with a peak at 14 students per teacher in 2014 and 2020, and a low of thirteen in 2021. These numbers suggest that this area usually offers a slightly better student-to-teacher ratio compared to the national average of fourteen, potentially indicating more personalized attention and interaction for students, which could be an appealing factor for families considering a move here. Lower ratios can also influence real estate markets, as properties in districts with favorable educational statistics sometimes attract more interest. However, the occasional ups and downs highlight the importance of ongoing efforts to maintain or reduce class sizes to stay competitive and enhance the appeal of King William County as an educational hub.
