Loudoun County Real Estate and Livability Trends
Loudoun County, Virginia's dramatic increase in median home values from $452,300 in 2015 to $657,000 in 2022 far outpaces state and national growth rates, potentially signaling lucrative investment opportunities while raising affordability concerns. The jump in average taxable income from $134,066.15 in 2020 to $154,267.76 in 2021, along with rising local and state income taxes, suggests a... Read more
Loudoun County Market Trends
Loudoun County, Virginia has experienced a dramatic rise in median home values from $452,300 in 2015 to $657,000 in 2022, outpacing the state and national growth rates. This rapid appreciation could signal lucrative investment opportunities but may also raise affordability concerns. Energy tax credits have fluctuated significantly, peaking at $3,156.67 per return in 2018, hinting at variable... Read more
Median Value of Occupied Housing Units in Loudoun County, Virginia Over the Last 8 Years
Loudoun County, Virginia has seen a significant increase in median home values over the past eight years, rising from $452,300 in 2015 to $657,000 in 2022. This growth rate appears much steeper compared to Virginia’s increase from $245,000 to $339,800 and the national increase from $125,500 to $179,400 over the same period. For those considering investing, moving, or building in Loudoun County, this trend suggests rapidly appreciating property values, which could signify both a lucrative investment opportunity and potential affordability concerns.
Residential Energy Tax Credit Per Tax Return in Loudoun County, VA Over the Last 9 Years
Loudoun County, Virginia has seen significant fluctuations in residential energy tax credits over the last nine years, with a notable peak in 2018 at $3,156.67 per tax return. Although the credits dropped to $1,529.68 in 2019, there's a general upward trend that could imply growing investment in energy-efficient home improvements. These swings, particularly the spike in 2018, could indicate sporadic incentives or shifts in homeowner participation in energy programs. This data is crucial for potential investors, builders, and real estate agents planning to capitalize on energy-efficient properties or for appraisers and insurance agents assessing property values with sustainable features.
Average Real Estate Taxes Per Tax Return in Loudoun County, VA Over the Last 10 Years
Loudoun County, Virginia has seen a consistent rise in average real estate taxes per tax return over the past decade, starting from $5,454.50 in 2012 and reaching up to $6,809.92 by 2021. Notably, there was a significant jump from $5,997.95 in 2017 to $6,381.89 in 2018. This upward trend suggests increasing property values and possibly higher demand in the region, which may be of particular interest to investors, real estate agents, and property developers. These figures are also pertinent for appraisers and insurance agents who need to factor in rising property taxes when evaluating properties.
Percentage of Farm Returns in Loudoun County, VA Over the Last 10 Years
Over the last 10 years, the percentage of farm tax returns in Loudoun County, Virginia has generally shown a slight downward trend. Starting at about 0.70% in 2012 and dropping to approximately 0.47% by 2021, these figures suggest a gradual decrease in the number of actively farming households filing tax returns. This information could be crucial for those looking to invest in agricultural projects, build property, or move to the area, as it hints at broader shifts in the county’s economic landscape and land use patterns. Understanding these trends can help prospective buyers and investors make informed decisions.
Number of Mortgages by Occupancy Type in Loudoun County, VA Over the Last 5 Years in Loudoun County
Loudoun County, Virginia has seen significant fluctuations in mortgage counts across different occupancy types over the past five years. Mortgages for principal residences peaked in 2020 but dropped noticeably by 2022, suggesting a potential cooling in demand or perhaps reflective of broader economic conditions. Meanwhile, investment property mortgages saw a surge in 2019, indicating a brief period of heightened investor interest, which waned by 2022. Second residences have consistently remained the least common mortgage type, showing minimal variation. For those considering investments, these trends might imply varying degrees of market saturation or opportunities. Real estate agents and appraisers could leverage this data to better understand market dynamics. Insurance agents and those planning new builds might also find the shifting demand for different property types insightful for risk assessments and project planning.
Economic Outlook
Loudoun County, Virginia has experienced a consistent rise in average taxable income per tax return, jumping from $134,066.15 in 2020 to $154,267.76 in 2021. The increase in local and state income taxes, which climbed from $8,745.33 in 2012 to $14,907.87 by 2021, suggests growing income levels or policy changes. A notable uptick in the total tax liability, reaching $31,372.13 in 2021, indicates rising property values and income levels, potentially attracting investors and real estate agents.... Read more
Average Taxable Income per Tax Return in Loudoun County, VA over the last 9 years
Loudoun County, Virginia has seen a steady rise in average taxable income per tax return over the past nine years, with a notable jump from $134,066.15 in 2020 to $154,267.76 in 2021. This upward trend may indicate a robust economic environment and could be a significant factor for those invested in the local real estate market, as higher incomes might correlate with property value appreciation. These figures could also be vital for appraisers and insurance agents looking to adjust valuations and premiums respectively. For potential residents or investors, this income growth possibly hints at a thriving job market and an increasing standard of living in the region.
Average State and Local Income Taxes Per Tax Return in Loudoun County, VA Over the Last 10 Years
Over the last decade, Loudoun County, Virginia has seen a notable increase in state and local income taxes per tax return. Beginning in 2012 at around $8,745.33, the taxes have steadily climbed each year, hitting approximately $14,907.87 by 2021. This steady rise may suggest an overall increase in income levels or changes in tax policy, making it an important consideration for those financially planning to invest, build, or move to the area. For real estate agents and appraisers, understanding these trends could help assess property values and potential homebuyer demand.
Average Total Tax Liability Per Tax Return in Loudoun County, VA Over the Last 10 Years
Loudoun County, Virginia has seen a fairly consistent rise in the average total tax liability per tax return over the past decade. Starting from approximately $20,020.54 in 2012, there have been bumps, most notably from 2017 onwards, including a significant leap in 2021, reaching $31,372.13. This trend could suggest increasing property values and income levels in the area, making it potentially attractive for investors and real estate agents, though it might signal higher costs for prospective homeowners and higher risk for insurers.
Cost of Living in Loudoun County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,615 | $1,786 | $1,492 | $3,349 | $2,883 |
| 1 adult 4 children | $2,615 | $1,458 | $1,137 | $3,349 | $2,934 |
| 2 adults 3 children | $2,615 | $1,459 | $1,296 | $3,349 | $2,642 |
| 1 adult 3 children | $2,615 | $1,191 | $941 | $3,349 | $2,736 |
| 2 adults 2 children | $2,091 | $1,194 | $1,100 | $2,947 | $2,140 |
| 1 adult 2 children | $2,091 | $892 | $746 | $2,947 | $2,262 |
| 2 adults 1 child | $2,091 | $944 | $904 | $1,640 | $1,611 |
| 1 adult 1 child | $2,091 | $610 | $550 | $1,640 | $1,672 |
| 2 adults | $1,837 | $758 | $709 | $0 | $1,080 |
| 1 adult | $1,807 | $414 | $354 | $0 | $1,081 |
Safety trends & Data
Loudoun County, Virginia has seen some interesting shifts in property crime over the past five years. Larceny-theft remained consistently high, but there was a sharp drop from 2020 to 2021. Burglaries spiked in 2020 but then declined, while vandalism incidents have made a comeback in 2022. Fraud cases have increased slightly, and embezzlement rates have been unpredictable. These trends could be key for investors and developers, as they reflect changes in local safety and security... Read more
Property Crime Trends in Loudoun County, VA Over the Last 5 Years
Loudoun County, Virginia has witnessed some notable shifts in property crime trends over the past five years. Larceny-theft remains consistently high but showed a sharp drop from 2020 to 2021. Interestingly, burglary and vandalism rates have fluctuated significantly, with burglaries peaking in 2020 but declining thereafter. Vandalism incidents have seen a resurgence in 2022. Meanwhile, fraud cases have shown a slight increase and embezzlement incidents fluctuated with no consistent pattern. These trends could be crucial for potential investors and property developers, as they highlight shifts in local safety and security dynamics.
Demographics
Loudoun County, Virginia, showcases a fairly balanced gender distribution with roughly equal numbers of adult males and females. The educational attainment data reveals a highly educated populace, with a significant portion holding bachelor's or graduate degrees, hinting at a skilled workforce. The age distribution skews towards a younger demographic, yet there is a notable presence of middle-aged and older adults, indicating a stable community with diverse age groups. Racially, the county... Read more
Race Distribution in Loudoun County, Virginia (2022)
Educational Attainment in Loudoun County, Virginia (2022)
Age Distribution in Loudoun County, Virginia
Citizen Population in Loudoun County, Virginia (2022)
Political Trends & Data
Loudoun County, Virginia trends Democratic, with around 61% of voters favoring the Democratic party in the 2020 U.S. Presidential Election, compared to 36% for Republicans. Minor parties, including the Libertarians, gained less than 2% of the vote. This Democratic preference could subtly influence community initiatives and developmental projects, hinting at potential support for progressive housing policies and infrastructure... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Loudoun County, Virginia, leans toward Democratic preferences, with approximately 61% of votes going to the Democratic party in the 2020 U.S. Presidential Election. Compared to about 36% for Republicans, this suggests a significant tilt towards Democratic candidates. Minor parties, such as the Libertarian party, attracted minimal support, capturing less than 2% of the vote.
36.49% of voters voted for the Republican party in the 2020 Presidential Election
61.51% of voters voted for the Democrat party in the 2020 Presidential Election
1.40% of voters voted for the Livertarian party in the 2020 Presidential Election
0.61% of voters voted for the Other party in the 2020 Presidential Election
School Data
Loudoun County, Virginia, has seen a notable drop in the student-to-teacher ratio, decreasing from 18 students per teacher in 2014 to under 13 students per teacher in 2023, outpacing the national average of 14 students per teacher. This trend suggests improved, individualized attention for students, which could enhance educational outcomes and bolster the area's appeal for families prioritizing education. For real estate professionals, such advancements may elevate Loudoun County’s... Read more
Student-to-teacher ratio in Loudoun County, Virginia over the last 10 years
Over the last decade, Loudoun County, Virginia, has seen a steady decrease in the student-to-teacher ratio, dropping from 18 students per teacher in 2014 to under 13 students per teacher in 2023. This trend is notable given that the current national average stands at 14 students per teacher. For those investing in or relocating to the area, such improvements in student-to-teacher ratios could imply better, more individualized attention for students, potentially enhancing overall educational outcomes. For real estate agents, appraisers, and developers, this shift may enhance the attractiveness of Loudoun County as a desirable locale for families prioritizing education. Additionally, insurance agents might consider the lower ratios a factor in assessing overall community wellbeing, as improved educational infrastructure often correlates with lower community risks.
