Mecklenburg County Real Estate and Livability Trends
Mecklenburg County, Virginia's real estate market shows intriguing trends. Average taxable income per tax return has steadily climbed from $43,721.68 in 2013 to $60,161.81 by 2021, with state and local income taxes nearly doubling, hinting at rising incomes or modified tax rates. Median home values increased from $125,400 in 2015 to $157,800 in 2022, providing potentially attractive opportunities... Read more
Mecklenburg County Market Trends
Mecklenburg County, Virginia's median home values have lagged behind state and national trends, increasing from $125,400 in 2015 to $157,800 in 2022. Despite growth, Virginia's values surged much higher, possibly making Mecklenburg more attractive to budget-conscious buyers. Real estate taxes also saw a consistent rise, from $1,514.29 in 2012 to $2,598.41 by 2021, possibly indicating higher... Read more
Median Value of Occupied Housing Units in Mecklenburg County, Virginia Over the Last 8 Years
Mecklenburg County, Virginia's median home values have been lagging significantly behind both state and national trends over the past eight years. From 2015 to 2022, the county saw an increase from $125,400 to $157,800. While this reflects some growth, Virginia's median home values surged from $245,000 to $339,800, and nationally, values jumped from $125,500 to $179,400 in the same period. This discrepancy might suggest more affordable opportunities for potential homebuyers who find state and national prices prohibitive. Investors might see untapped potential in a market that hasn't experienced equivalent spikes.
Residential Energy Tax Credit Per Tax Return in Mecklenburg County, VA Over the Last 9 Years
The trend in the Residential Energy Tax Credit per tax return in Mecklenburg County, Virginia over the past nine years shows a considerable fluctuation, peaking at $1,775.00 in 2018. Despite this spike, credits have generally hovered around the $900-$1,000 range in recent years. This variability may interest potential investors or real estate agents, as it reflects changing incentives for energy-efficient home improvements. Builders and property owners in the area could find these trends useful for planning future projects to maximize tax benefits. Additionally, the data might be valuable for appraisers and insurance agents when assessing property values and risk related to energy efficiency investments.
Average Real Estate Taxes Per Tax Return in Mecklenburg County, VA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Mecklenburg County, Virginia have generally trended upward, starting at $1,514.29 in 2012 and reaching $2,598.41 by 2021. Notable spikes occurred between 2017 and 2018, when the average rose significantly from $1,783.81 to $2,295.24, indicating possible changes in tax policy or property value assessments. This consistent rise can be an important indicator for potential investors, property developers, and residents to consider as it may reflect increasing property values and a growing demand in the area. Real estate agents and appraisers might also interpret this as a sign of economic growth, which could influence market strategies and property evaluations.
Percentage of Farm Returns in Mecklenburg County, VA Over the Last 10 Years
Over the past decade, Mecklenburg County, Virginia has seen farm tax returns fluctuate, staying within the range of 2.65% to 3.74%. A peak occurred in 2013 at around 3.74%, whereas the lowest point appeared in 2020 with approximately 2.65%. These figures give potential investors, property developers, and residents insights into the agricultural economy's performance, hinting at how dependent the local economy is on farming activities. This trend might suggest the need for careful consideration of the agricultural sector's future when planning investments or moves to the county.
Number of Mortgages by Occupancy Type in Mecklenburg County, VA Over the Last 5 Years in Mecklenburg County
Mecklenburg County, Virginia sees fluctuations in mortgage counts, with principal residences consistently dominating the landscape. The shift in mortgage distribution, particularly the rise in principal residences in 2021 and the noticeable dip in second residences in 2022, points to changing preferences potentially driven by market conditions and lifestyle shifts. For investors, appraisers, and real estate agents, these trends suggest that while demand for primary living spaces remains strong, the investment and secondary market segments show variability, possibly indicating economic influences or evolving buyer priorities. Understanding these dynamics is key for tailoring strategies and managing expectations within the county's real estate market.
Economic Outlook
Mecklenburg County, Virginia has witnessed a steady increase in average taxable income per tax return, with figures climbing from $43,721.68 in 2013 to $60,161.81 by 2021. The state and local income taxes per tax return have also grown, from $4,314.44 in 2012 to around $9,500.00 in 2021, particularly spiking in 2018 and 2019. This trend hints at rising incomes or altered tax rates. Total tax liability per tax return has increased from $5,939.96 in 2012 to $9,026.47 in 2021, potentially... Read more
Average Taxable Income per Tax Return in Mecklenburg County, VA over the last 9 years
Mecklenburg County, Virginia has shown a general upward trend in average taxable income per tax return over the past nine years. Starting at approximately $43,721.68 in 2013, the figures stayed relatively stable until a noticeable increase kicked off around 2017, reaching $60,161.81 by 2021. This consistent rise, especially the standout leap in 2021, could indicate robust economic growth, making it a potentially attractive location for investors, real estate agents, and anyone considering property development or relocation. Appraisers and insurance agents may also find this data useful in assessing property values and risk profiles.
Average State and Local Income Taxes Per Tax Return in Mecklenburg County, VA Over the Last 10 Years
Over the last decade in Mecklenburg County, Virginia, state and local income taxes per tax return have shown a clear upward trend, starting from approximately $4,314.44 in 2012 and reaching nearly $9,500.00 by 2021. Notable spikes occurred in 2018 and 2019, when the values jumped to $6,482.76 and $8,265.85 respectively. This rise in tax liability may suggest increasing incomes or changes in tax rates and could be relevant for anyone considering financial planning or investment in the area.
Average Total Tax Liability Per Tax Return in Mecklenburg County, VA Over the Last 10 Years
Mecklenburg County, Virginia has seen notable fluctuations in average total tax liability per tax return over the past decade. A general upward trend appears to show tax liabilities growing from $5,939.96 in 2012 to $9,026.47 in 2021. Such an increase could suggest economic growth, rising incomes, or changes in tax policy, and might be a factor to consider for those looking into local real estate or investment opportunities.
Cost of Living in Mecklenburg County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,088 | $1,355 | $1,681 | $938 | $1,022 |
| 1 adult 4 children | $1,088 | $1,107 | $1,284 | $938 | $1,126 |
| 2 adults 3 children | $1,088 | $1,107 | $1,459 | $938 | $840 |
| 1 adult 3 children | $1,088 | $904 | $1,062 | $938 | $864 |
| 2 adults 2 children | $817 | $906 | $1,237 | $820 | $709 |
| 1 adult 2 children | $817 | $677 | $840 | $820 | $646 |
| 2 adults 1 child | $817 | $716 | $1,015 | $436 | $690 |
| 1 adult 1 child | $817 | $463 | $618 | $436 | $600 |
| 2 adults | $662 | $575 | $793 | $0 | $605 |
| 1 adult | $606 | $314 | $396 | $0 | $529 |
Safety trends & Data
Mecklenburg County, Virginia's property crime trends over the past five years reveal fluctuating larceny-theft rates, peaking at 110 incidents in 2019 and dropping to 53 by 2022. Burglary incidents have seen a sharp decline, from 17 in 2018 to just 1 in 2022. On the other hand, fraud and vandalism rates have remained relatively steady, suggesting potential areas that might need targeted community interventions. These insights could be crucial for guiding investment decisions and policy-making... Read more
Property Crime Trends in Mecklenburg County, VA Over the Last 5 Years
Mecklenburg County, Virginia has shown varying trends in property crime over the last five years. Larceny-theft has consistently been the most prevalent type of property crime, although it has fluctuated significantly, peaking in 2019 at 110 incidents and dropping to 53 by 2022. Burglary incidents have sharply declined from 17 in 2018 to just 1 in 2022. Notably, fraud and vandalism rates have remained relatively steady, indicating potential underlying issues that might require targeted community interventions. Understanding these trends could guide investment decisions and policy-making to enhance property security and community welfare.
Demographics
Mecklenburg County in Virginia shows a balanced gender distribution among adults, with a slight female majority. Educational attainment trends suggest a significant high school graduate populace, but higher education degrees are less common. Age distribution highlights a substantial older population, particularly those over 55 years, which could indicate a growing need for senior services and infrastructure. The racial composition is predominantly White, with Black or African American residents... Read more
Race Distribution in Mecklenburg County, Virginia (2022)
Educational Attainment in Mecklenburg County, Virginia (2022)
Age Distribution in Mecklenburg County, Virginia
Citizen Population in Mecklenburg County, Virginia (2022)
Political Trends & Data
Mecklenburg County, Virginia, exhibited a modest Republican tilt in the 2020 presidential election, where Republicans might have secured slightly more than 57% of the vote, and Democrats possibly around 42%. Third-party candidates had negligible impact, with the Libertarian party attracting approximately 0.7% and others barely registering. This suggests a dominant two-party voting behavior, with minimal sway from smaller... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mecklenburg County in Virginia showed a slight Republican lean in the 2020 U.S. Presidential Election, with Republicans potentially securing just over 57% of the vote while Democrats may have garnered close to 42%. Third-party candidates seem to have received minimal support, with the Libertarian party attracting roughly 0.7% and other parties barely making a mark. This trend could indicate a predominantly two-party preference among the county’s voters, with limited influence from smaller parties.
57.17% of voters voted for the Republican party in the 2020 Presidential Election
41.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.70% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Mecklenburg County, Virginia, the student-to-teacher ratio showed a significant spike in 2023, nearing 17, up from a steady range of high 12s to low 14s from 2014 to 2022. This rise exceeds the current national average of 14 students per teacher and could impact the quality of education, possibly influencing decisions for investors, home buyers, and educational stakeholders. Changes in this ratio may also affect property values, school funding, and the community's overall... Read more
Student-to-teacher ratio in Mecklenburg County, Virginia over the last 10 years
In Mecklenburg County, Virginia, the student-to-teacher ratio has fluctuated over the past decade. While it typically hovered around the high 12s to low 14s from 2014 to 2022, there was a notable spike in 2023, reaching nearly 17. This ratio increase could imply larger class sizes, potentially affecting the quality of education and individualized attention students receive. Compared to the current national average of 14 students per teacher, Mecklenburg County's recent jump is significant and might influence decisions for potential investors, home buyers, and educational stakeholders who prioritize education quality. Adjustments in this ratio are critical as they may impact property values, school funding, and overall community growth.
