Louisa County Real Estate and Livability Trends
In Louisa County, Virginia, the average taxable income per tax return jumped from $55,301.32 in 2013 to $76,737.02 in 2021, possibly indicating a thriving local economy or changing income profiles. Median home values surged from $193,700 in 2015 to $266,700 in 2022, outpacing national trends and signaling robust growth potential for investors. Real estate taxes rose from $1,963.58 in 2012 to... Read more
Louisa County Market Trends
The median home values in Louisa County, Virginia, have robustly grown from $193,700 in 2015 to $266,700 in 2022, outpacing national trends and presenting an attractive growth potential for investors and prospective homeowners relative to state averages. Significant increases in average residential energy tax credits, which peaked at $2,500.00 in 2018 and remained above $1,500.00 from 2019... Read more
Median Value of Occupied Housing Units in Louisa County, Virginia Over the Last 8 Years
The median home values in Louisa County, Virginia, have seen consistent growth over the last eight years, climbing from $193,700 in 2015 to $266,700 in 2022. While still below the state's median value, which reached $339,800 in 2022, the county's growth trajectory outpaces the national median, which was $179,400 in the same year. This steady increase might make Louisa County an attractive option for investors and prospective homeowners who are looking for growth potential within Virginia, but at a relatively lower entry point compared to state averages.
Residential Energy Tax Credit Per Tax Return in Louisa County, VA Over the Last 9 Years
Louisa County, Virginia, has seen a notable rise in average residential energy tax credits per tax return over the past nine years. Starting at $345.95 in 2013, the credit has surged significantly, peaking at $2500.00 in 2018, and maintaining high values above $1500.00 from 2019 onward. This trend suggests increased investment in energy-efficient home improvements, beneficial for homebuyers, real estate developers, and insurers focusing on sustainable living incentives. For investors and builders, this may indicate a growing market for green construction and retrofitting projects.
Average Real Estate Taxes Per Tax Return in Louisa County, VA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Louisa County, Virginia have shown a steady upward trend, rising from $1,963.58 in 2012 to $3,805.26 in 2021. The most notable increases occurred in the latter years, particularly between 2018 and 2021, where yearly taxes jumped significantly. This could signal a stronger property market or changes in tax policy, potentially affecting decisions for investors, potential movers, appraisers, and insurance agents alike. Understanding this trend can help in making informed decisions about real estate investments and property developments in the area.
Percentage of Farm Returns in Louisa County, VA Over the Last 10 Years
Louisa County, Virginia has seen a subtle decline in the percentage of farm tax returns over the past decade, from approximately 2.20% in 2012 to around 1.75% in 2021. Farm tax returns here reflect the economic activity tied to agriculture, which can offer valuable insights for potential investors, property developers, and residents to gauge the health and shifts in the local farming sector. A decrease may suggest various factors, such as changes in agricultural productivity, land use, or demographic shifts influencing a significant portion of the local economy.
Number of Mortgages by Occupancy Type in Louisa County, VA Over the Last 5 Years in Louisa County
Louisa County, Virginia has seen fluctuations in mortgage counts across different occupancy types over the last five years. In 2021, principal residences led significantly with 4,295 mortgages, reflecting a strong demand for primary homes. Investment properties, while markedly lower, peaked in 2021 at 132 but dropped to 108 in 2022, suggesting a potential cooling in property investments. Changes in occupancy type can impact property values and neighborhood stability; a rise in principal residences may enhance community cohesion and long-term occupancy, while shifts toward more investment properties could signal speculative buying and less permanence. Understanding these dynamics is crucial for investors, appraisers, real estate agents, and potential residents, as they influence market stability, pricing trends, and development opportunities.
Economic Outlook
In Louisa County, Virginia, the average taxable income per tax return has grown substantially over the past nine years, transitioning from $55,301.32 in 2013 to $76,737.02 in 2021, hinting at a possibly thriving local economy or changing income profiles. Concurrently, average state and local income taxes per tax return almost doubled, from $4,619.09 in 2012 to $8,852.29 in 2021, indicating a rising tax burden likely due to increased public spending or economic growth. The total tax liability... Read more
Average Taxable Income per Tax Return in Louisa County, VA over the last 9 years
In Louisa County, Virginia, the average taxable income per tax return has shown a steady increase over the past nine years, starting at $55,301.32 in 2013 and rising to $76,737.02 in 2021. This upward trend, particularly notable with a significant jump in the last recorded year, could be indicative of a growing local economy or shifts in the income profiles of residents. For investors, appraisers, real estate agents, and potential homebuyers, this trend might signal robust economic health and increasing property values, making Louisa County an intriguing prospect for investment and development.
Average State and Local Income Taxes Per Tax Return in Louisa County, VA Over the Last 10 Years
Over the past decade, Louisa County, Virginia has seen a steady increase in average state and local income taxes per tax return, nearly doubling from $4,619.09 in 2012 to $8,852.29 in 2021. This trend suggests a rising tax burden which may reflect increased local public spending or economic growth. While homeowners, appraisers, and real estate agents might view it as a sign of an expanding area with potentially higher property values, potential investors and those looking to move might find the increased taxes a significant factor in their decision-making process.
Average Total Tax Liability Per Tax Return in Louisa County, VA Over the Last 10 Years
Over the last decade, Louisa County, Virginia has seen a noticeable upward trend in the average total tax liability per tax return, starting from $7,552.38 in 2012 and peaking at $11,158.01 in 2021. This climb, particularly the significant jump between 2020 and 2021, might suggest increasing economic activity or rising property values within the county. Such trends are potentially valuable for investors, real estate developers, and insurance agents who are keeping an eye on economic growth and its likely impacts on property and investment opportunities.
Cost of Living in Louisa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,367 | $1,432 | $1,550 | $1,478 | $1,385 |
| 1 adult 4 children | $1,367 | $1,169 | $1,184 | $1,478 | $1,554 |
| 2 adults 3 children | $1,367 | $1,170 | $1,346 | $1,478 | $1,162 |
| 1 adult 3 children | $1,367 | $955 | $979 | $1,478 | $1,313 |
| 2 adults 2 children | $970 | $957 | $1,142 | $1,281 | $933 |
| 1 adult 2 children | $970 | $715 | $775 | $1,281 | $947 |
| 2 adults 1 child | $970 | $757 | $937 | $641 | $841 |
| 1 adult 1 child | $970 | $489 | $571 | $641 | $733 |
| 2 adults | $859 | $608 | $733 | $0 | $695 |
| 1 adult | $840 | $332 | $367 | $0 | $625 |
Safety trends & Data
In Louisa County, Virginia, property crime trends have shown fluctuations over the past five years, particularly with larceny-theft peaking at 40.0 cases in 2018 and decreasing to 11.0 cases by 2022. Vandalism has remained stable, averaging 6.6 incidents annually, while fraud consistently hovers between three and six cases each year. Motor vehicle theft and burglary have occasional spikes but generally stay low. These nuanced data points suggest that investors, real estate professionals, and... Read more
Property Crime Trends in Louisa County, VA Over the Last 5 Years
Over the past five years in Louisa County, Virginia, property crime trends show fluctuating patterns, notably a consistent presence of larceny-theft, which peaked at 40.0 cases in 2018 before decreasing to 11.0 cases by 2022. Vandalism incidents have remained relatively stable, averaging 6.6 occurrences annually. Notably, fraud cases seem to hover around three to six incidents yearly, indicating a recurring issue. Other crimes such as motor vehicle theft and burglary show occasional spikes but remain relatively low. This nuanced crime data can help investors, real estate professionals, and insurance agents tailor their strategies to address local safety concerns effectively.
Demographics
Louisa County, Virginia, shows a fairly balanced gender population and a significant percentage of residents who have completed high school or further. The age distribution skews towards an older demographic, potentially indicative of a mature community. The racial makeup is predominantly White, with African American residents making up a smaller percentage of the population. This demographic composition can influence local policies, services, and community planning, especially in areas like... Read more
Race Distribution in Louisa County, Virginia (2022)
Educational Attainment in Louisa County, Virginia (2022)
Age Distribution in Louisa County, Virginia
Citizen Population in Louisa County, Virginia (2022)
Political Trends & Data
Louisa County in Virginia leaned heavily Republican during the 2020 U.S. Presidential Election, with about 60.7% of votes for the GOP candidate, while the Democratic candidate received around 37.7%. The minimal votes for Libertarian and other minor parties, at just over 1.5%, primarily point to a strong conservative presence, though the significant Democratic turnout hints at notable ideological... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Louisa County in Virginia leaned heavily Republican during the 2020 U.S. Presidential Election, with approximately 60.7% of votes cast for the Republican candidate. The Democratic candidate garnered around 37.7% of the votes, suggesting a significant yet not overwhelming preference for the GOP. Votes for the Libertarian and other minor parties were minimal, collectively making up just over 1.5% of the total. This voting pattern possibly indicates a strong conservative base in Louisa County, although the Democratic support is substantial enough to suggest some ideological diversity.
60.66% of voters voted for the Republican party in the 2020 Presidential Election
37.73% of voters voted for the Democrat party in the 2020 Presidential Election
1.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Louisa County, Virginia, the student-to-teacher ratio has consistently stayed just below the national average at around 13 to 14 students per teacher over the past nine years. This balanced ratio hints at a potentially higher quality of education, making the county more attractive to families considering relocation. Real estate agents and investors might interpret this trend as a signal of higher housing interest in the area, potentially driving up property values. Appraisers and insurance... Read more
Student-to-teacher ratio in Louisa County, Virginia over the last 9 years
Over the past nine years, the student-to-teacher ratio in Louisa County, Virginia has hovered just below the national average of 14 students per teacher, fluctuating between 13 and 14. This balanced ratio suggests a potentially higher quality of education, making the area appealing for families considering relocation. For real estate agents and investors, a favorable student-to-teacher ratio might signal higher interest in housing within the county, possibly leading to increased property values. Appraisers and insurance agents might consider this trend when evaluating properties, as better educational resources can enhance community appeal and stability.
