Mathews County Real Estate and Livability Trends
Mathews County, Virginia, has experienced notable economic and real estate shifts, with average taxable incomes climbing from $55,901.92 in 2013 to $80,993.53 in 2021, and housing values soaring from $224,800 in 2018 to $355,900 in 2022. This financial uptick, accompanied by a rise in state and local income taxes and a near doubling of real estate taxes, points to an economically dynamic... Read more
Mathews County Market Trends
Mathews County, Virginia, has seen housing values surge to $355,900 in 2022 from $224,800 in 2018, outpacing the state's peak of $339,800. This sharp increase suggests unique investment opportunities. Residential energy tax credits peaking in 2020 at $928.57 per return highlight a growing trend in energy-efficient home upgrades, which could be enticing for buyers and influential for insurance... Read more
Median Value of Occupied Housing Units in Mathews County, Virginia Over the Last 8 Years
Over the past eight years, Mathews County, Virginia, has seen a dynamic shift in housing values, peaking significantly at $355,900 in 2022 after a low of $224,800 in 2018. This contrasts with Virginia's overall upward trend, which hit $339,800 in 2022, indicating a recent surge in Mathews County that outpaced state growth. National values have also risen but more steadily, reaching $179,400 in 2022. This suggests Mathews County may offer unique investment opportunities given its sharper value increase compared to state and national trends.
Residential Energy Tax Credit Per Tax Return in Mathews County, VA Over the Last 8 Years
Residential energy tax credits in Mathews County, Virginia have seen notable fluctuations over the past eight years, peaking significantly in 2020 at approximately $928.57 per return. This suggests a growing investment in energy-efficient upgrades by homeowners. Such investment trends could be appealing to real estate agents and property developers, as energy-efficient homes often attract buyers looking for long-term savings. Insurance agents might also want to consider these enhancements when evaluating property risks and potential premium adjustments. Investors and appraisers may find this focus on energy efficiency indicative of both increasing property values and potential for economic growth in the area.
Average Real Estate Taxes Per Tax Return in Mathews County, VA Over the Last 10 Years
Over the last decade, Mathews County, Virginia, has experienced a notable increase in average real estate taxes per tax return, rising from approximately $2,167.14 in 2012 to around $4,016.22 in 2021. This upward trend might suggest appreciating property values, which could be of interest to investors and real estate agents. Insurance agents might also want to consider these trends when evaluating risk and premium rates. For potential movers and current residents, it’s an indicator of higher costs associated with property ownership but can reflect positive economic development in the county.
Percentage of Farm Returns in Mathews County, VA Over the Last 10 Years
Mathews County, Virginia has seen fluctuating yet generally low percentages of farm tax returns over the last decade, peaking at around 0.96% in 2013 and dipping to nearly 0.67% in 2020. Farm tax returns represent an essential indicator of agricultural activity, pivotal for anyone considering investments or property development in rural zones. Although there has been some variability, the percentages suggest a marginal but sustained agricultural presence. This data might hint at economic stability or challenges within Mathews County's farming sector, useful for gauging the area's economic health and the viability of future agricultural investments.
Number of Mortgages by Occupancy Type in Mathews County, VA Over the Last 5 Years in Mathews County
Over the last five years in Mathews County, Virginia, the number of mortgages for principal residences consistently dwarfed those for investment and second residences, though with notable fluctuations. For instance, 2021 saw a sharp increase in principal residence mortgages to 722, a substantial jump from 340 in 2018. Investment property mortgages remained relatively low and stable, while second residence mortgages were somewhat more variable. These trends can signal shifts in local market demands, potentially impacting property values, insurance premiums, and overall neighborhood character. For real estate agents, appraisers, and potential residents, understanding these occupancy dynamics could aid in making informed decisions tailored to the changing landscape.
Economic Outlook
Mathews County, Virginia, has witnessed a consistent rise in average taxable income per tax return, jumping from $55,901.92 in 2013 to $80,993.53 in 2021. This trend, paired with the increase in state and local income taxes ($5,203.17 in 2012 to $9,285.29 in 2021), paints a picture of economic growth but also hints at higher costs for residents and businesses. The fluctuating yet generally ascending total tax liability, moving from $8,955.38 to $12,054.87 over the same period, further... Read more
Average Taxable Income per Tax Return in Mathews County, VA over the last 9 years
Mathews County, Virginia, has seen a trend of increasing average taxable income per tax return over the last nine years, beginning at $55,901.92 in 2013 and rising to a notable $80,993.53 by 2021. This generally upward movement suggests economic growth in the area, which could appeal to potential investors, property developers, and real estate agents. Such income trends might also influence appraisals and insurance rates, making it a relevant aspect for professionals in these fields to monitor.
Average State and Local Income Taxes Per Tax Return in Mathews County, VA Over the Last 10 Years
Mathews County, Virginia has experienced a noticeable increase in average state and local income taxes per tax return over the past decade. Starting at roughly $5,203.17 in 2012, these amounts have steadily risen, peaking at $9,285.29 in 2021. Such trends may suggest higher incomes or changes in tax policy, which are pivotal for investors, real estate agents, and potential movers to consider when evaluating the economic health and cost of living in the area. This rise could potentially signal a stronger local economy but also means higher tax outflows for residents and businesses.
Average Total Tax Liability Per Tax Return in Mathews County, VA Over the Last 10 Years
Mathews County, Virginia has seen a fluctuating but generally upward trend in average total tax liability per tax return over the past decade, with figures rising from around $8,955.38 in 2012 to approximately $12,054.87 by 2021. A notable increase occurred between 2018 and 2019, where liability jumped from about $9,898.49 to $11,135.52. This trend may indicate evolving economic conditions, shifts in income levels, or changes in tax legislation impacting residents. Such information is potentially valuable to investors, real estate agents, and others evaluating the financial landscape of the county.
Cost of Living in Mathews County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,583 | $1,440 | $1,579 | $1,470 | $1,535 |
| 1 adult 4 children | $1,583 | $1,176 | $1,205 | $1,470 | $1,674 |
| 2 adults 3 children | $1,583 | $1,176 | $1,372 | $1,470 | $1,275 |
| 1 adult 3 children | $1,583 | $960 | $997 | $1,470 | $1,439 |
| 2 adults 2 children | $1,133 | $963 | $1,164 | $1,281 | $997 |
| 1 adult 2 children | $1,133 | $719 | $790 | $1,281 | $1,028 |
| 2 adults 1 child | $1,133 | $761 | $956 | $666 | $907 |
| 1 adult 1 child | $1,133 | $492 | $582 | $666 | $809 |
| 2 adults | $969 | $611 | $749 | $0 | $746 |
| 1 adult | $951 | $333 | $374 | $0 | $650 |
Safety trends & Data
Over the past five years, Mathews County, Virginia, has seen a promising decline in property crimes such as burglary and larceny-theft, with burglary cases dropping to only 2.00 in 2022 from 6.00 in 2018, and larceny-theft plummeting from 10.00 to 2.00. Despite these improvements, occasional spikes in crimes like fraud and motor vehicle theft indicate there are still areas to watch. For real estate investors and agents, this overall trend in decreasing property crimes could signal a safer and... Read more
Property Crime Trends in Mathews County, VA Over the Last 5 Years
Over the past five years in Mathews County, Virginia, property crime trends reveal fluctuations but largely depict a decline, especially in burglary and larceny-theft. Burglary cases dropped from 6.00 in 2018 to 2.00 by 2022, while larceny-theft saw a significant fall from a high of 10.00 in 2018 to only 2.00 in 2022. Vandalism incidents, though fluctuating, remained relatively low. These trends could signal improving security measures or effective law enforcement, which might interest potential investors and real estate agents. However, the occasional spikes in certain crimes like fraud and motor vehicle theft suggest areas that may still require attention.
Demographics
Mathews County, Virginia, presents intriguing demographic trends. The population leans slightly female with a sizable proportion of the community being aged 55 and over, reflecting an aging populace. Educational attainment is varied, with a notable segment holding high school diplomas, some college education, and bachelor's degrees. The racial makeup shows a dominant White population, trailed by Black or African American residents, while other races are minimally represented. Understanding... Read more
Race Distribution in Mathews County, Virginia (2022)
Educational Attainment in Mathews County, Virginia (2022)
Age Distribution in Mathews County, Virginia
Citizen Population in Mathews County, Virginia (2022)
Political Trends & Data
Mathews County, Virginia, exhibited a notable conservative tilt in the 2020 U.S. Presidential Election, with roughly 67% of votes going to the Republican party and just around 31% to the Democratic party. This political landscape could shape local policies and community values, reflecting a significant conservative presence that might impact real estate trends and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mathews County, Virginia, the 2020 U.S. Presidential Election showed a significant lean towards the Republican party, which garnered approximately 67% of the vote. The Democratic party trailed behind with around 31%, while Libertarian and other parties received minimal support, each capturing less than 2%. This distribution suggests a strong conservative presence in the area, potentially influencing local policies and community priorities.
66.92% of voters voted for the Republican party in the 2020 Presidential Election
31.31% of voters voted for the Democrat party in the 2020 Presidential Election
1.49% 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
In Mathews County, Virginia, the student-to-teacher ratio has consistently stayed below the national average over the past decade, typically around 11 students per teacher. This lower ratio potentially points to smaller class sizes and more personalized attention for students, suggesting a stable and appealing educational environment. For investors and prospective residents, this factor could be significant in evaluating the area's quality of education, potentially impacting property values and... Read more
Student-to-teacher ratio in Mathews County, Virginia over the last 10 years
The student-to-teacher ratio in Mathews County, Virginia has generally remained below the national average of fourteen students per teacher over the past decade. From 2014 to 2023, the ratio has fluctuated slightly but remained relatively steady, hovering around the 11-students-per-teacher mark. Notably, the ratio even dipped to around eleven students per teacher from 2020 to 2022, potentially suggesting smaller class sizes and possibly more individualized attention for students during those years. For investors, real estate agents, and prospective residents, this consistent and relatively low student-to-teacher ratio may indicate a stable and potentially more appealing educational environment. This is a key factor in assessing the area's quality of education, which could influence property values and the desirability of moving to or investing in Mathews County.
