Middlesex County Real Estate and Livability Trends
Middlesex County, Virginia's rising average taxable income, climbing from $64,319.00 in 2018 to $80,192.70 in 2021, hints at a resilient local economy and could lure potential real estate investors by increasing housing demand. Home values have similarly increased from $245,800 in 2015 to $288,900 in 2022, though they still lag behind the state's median. The uptick in mortgages for principal... Read more
Middlesex County Market Trends
Middlesex County, Virginia, housing market trends showcase interesting patterns over the past eight years with home values rising from $245,800 in 2015 to $288,900 in 2022, though still trailing behind the state’s median. Residential energy tax credits in the county have surged, from $257.14 in 2013 to $1,475.00 by 2021, indicating heightened investment in energy efficiency. Meanwhile, real... Read more
Median Value of Occupied Housing Units in Middlesex County, Virginia Over the Last 8 Years
Middlesex County, Virginia, has seen a steady increase in median home values over the past eight years, moving from $245,800 in 2015 to $288,900 in 2022. Interestingly, while the county's growth rate mirrors that of the state, its 2022 median value falls significantly below Virginia's statewide figure of $339,800. When compared nationally, where home values climbed from $125,500 in 2015 to $179,400 in 2022, Middlesex County remains well above the country's average. This suggests that Middlesex County may offer more resilient real estate opportunities, appealing to those looking to invest or settle in an area with stable growth patterns.
Residential Energy Tax Credit Per Tax Return in Middlesex County, VA Over the Last 8 Years
Over the past eight years, the average residential energy tax credit per tax return in Middlesex County, Virginia has shown a notable increase, starting from around $257.14 in 2013 and jumping to $1,475.00 by 2021. The spike in recent years, especially from 2019 to 2021, might imply growing investment in energy-efficient home improvements. This trend could attract investors, appraisers, and real estate agents by highlighting a market that values sustainable living. Potential homebuyers and property builders may see this as an opportunity to tap into a community progressively focusing on energy efficiency, while insurance agents might get a hint at the evolving nature of property risk profiles in the area.
Average Real Estate Taxes Per Tax Return in Middlesex County, VA Over the Last 10 Years
Middlesex County, Virginia, has seen a marked increase in average real estate taxes per tax return over the past decade, rising from $2,185.90 in 2012 to around $3,864.29 in 2021. This trend may reflect a combination of rising property values and increased municipal funding needs. For investors and potential homeowners, this data suggests considering the progressive tax landscape for budgeting and financial planning. Real estate agents and appraisers might find this trend useful for forecasting client expenses and understanding market dynamics.
Percentage of Farm Returns in Middlesex County, VA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Middlesex County, Virginia has shown minor fluctuations, starting around 1.15% in 2012 and closing at roughly 0.98% in 2021. The trend suggests a generally stable but slightly declining agricultural economic presence, peaking in 2013 at 1.34% and dipping notably in 2014 to about 0.78%. For potential investors or new residents, this indicates modest agricultural activity which could mean limited but consistent rural investment opportunities. For those interested in property development, the steadiness of these percentages might suggest a stable rural economy with niche opportunities in the agri-sector.
Number of Mortgages by Occupancy Type in Middlesex County, VA Over the Last 5 Years in Middlesex County
In Middlesex County, Virginia, mortgage counts reflect fluctuating priorities between principal, second, and investment properties. A prominent rise in principal residence mortgages from 2018 to 2021 suggests increased stability and perhaps a growing population looking to establish long-term roots. Conversely, second residence and investment property loans, although smaller in number, indicate a nuanced real estate market appeal for both seasonal living and investment potential. Understanding these shifts can be crucial for investors strategizing market entry, appraisers assessing property values, and real estate agents tailoring their services. Additionally, these occupancy patterns could influence insurance premiums and construction planning, aligning developments to meet the specific demands of a diversifying demographic.
Economic Outlook
In Middlesex County, Virginia, an upward trend in average taxable income per tax return over the past nine years suggests a growing local economy with increasing individual earnings. Noteworthy fluctuations, such as rising from $64,319.00 in 2018 to $75,082.39 in 2019, followed by a dip and subsequent recovery to $80,192.70 in 2021, highlight a resilient economic environment. This might attract real estate investors and agents due to potential increases in purchasing power and housing demand.... Read more
Average Taxable Income per Tax Return in Middlesex County, VA over the last 9 years
Over the past nine years, Middlesex County, Virginia has seen a general upward trend in average taxable income per tax return, indicating potential growth in local economic conditions and individual earnings. Noteworthy increases, such as the jump from $64,319.00 in 2018 to $75,082.39 in 2019, followed by a dip in 2020 and a subsequent rise to $80,192.70 in 2021, suggest a resilient economy capable of quick recovery. Investors and real estate agents may find these trends intriguing as they reflect a community with potentially increasing purchasing power and demand for housing, while property appraisers and insurance agents might see a correlated impact on property values and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Middlesex County, VA Over the Last 10 Years
Average state and local income taxes per tax return in Middlesex County, Virginia have seen a steady increase over the past decade, with notable jumps in more recent years. Starting at $4,851.65 in 2012, the amount rose to $5,746.48 by 2015, and then surged dramatically to a peak of $12,134.88 in 2020 before settling at $10,311.90 in 2021. This trend might indicate a growing economic stress or a shift in tax policy, which could be critical for investors, real estate agents, insurance agents, and residents evaluating future financial commitments in Middlesex County.
Average Total Tax Liability Per Tax Return in Middlesex County, VA Over the Last 10 Years
Over the past decade, Middlesex County, Virginia has shown a notable increase in the average total tax liability per tax return, rising from $8,321.50 in 2012 to $12,978.98 in 2021. The jump in 2019 to $12,754.38 suggests a growing economic base, potentially making this an attractive area for investment. Property developers and real estate agents might see opportunities in this upward trend, as it indicates increasing property values and a potentially more affluent population. For insurance agents and appraisers, this trend could mean higher insurance premiums and property appraisals, reflecting the overall growth and economic dynamics of Middlesex County.
Cost of Living in Middlesex County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,275 | $1,440 | $1,681 | $1,259 | $1,268 |
| 1 adult 4 children | $1,275 | $1,176 | $1,284 | $1,259 | $1,403 |
| 2 adults 3 children | $1,275 | $1,176 | $1,459 | $1,259 | $1,042 |
| 1 adult 3 children | $1,275 | $960 | $1,062 | $1,259 | $1,158 |
| 2 adults 2 children | $1,048 | $963 | $1,237 | $1,102 | $909 |
| 1 adult 2 children | $1,048 | $719 | $840 | $1,102 | $876 |
| 2 adults 1 child | $1,048 | $761 | $1,015 | $589 | $829 |
| 1 adult 1 child | $1,048 | $492 | $618 | $589 | $731 |
| 2 adults | $796 | $611 | $793 | $0 | $661 |
| 1 adult | $777 | $333 | $396 | $0 | $588 |
Safety trends & Data
Property crime in Middlesex County, Virginia, shows fluctuating trends over the last five years. Larceny-theft remains the most common, peaking at 21 incidents in 2019 before dropping to 7 by 2022. Burglary cases have increased from 1 in 2018 to 6 in 2022, while motor vehicle thefts also ticked up from 2 in 2020 to 5 in 2022. Vandalism incidents peaked at 8 in 2018 but have since declined. These dynamics may influence real estate decisions, affecting both perceived safety for residents and risk... Read more
Property Crime Trends in Middlesex County, VA Over the Last 5 Years
Property crime trends in Middlesex County, Virginia over the last five years reveal fluctuating patterns. Larceny-theft consistently registers the highest number of incidents, with notable peaks in 2019 (21 incidents) and a gradual reduction to 7 in 2022. Burglary cases appear to be somewhat variable, increasing from 1 incident in 2018 to 6 in 2022. Motor vehicle thefts remain low but showed a slight uptick from 2 incidents in 2020 to 5 in 2022. Vandalism peaked in 2018 with 8 incidents, then sharply decreased in subsequent years. These shifting numbers suggest potential areas of focus for community safety efforts and could influence decisions for real estate investors, insurance agents, and prospective residents considering the stability and safety of the area.
Demographics
Middlesex County, Virginia shows a relatively balanced gender distribution with slightly more females than males. A significant portion of the adult population has completed at least a high school education, with notable numbers pursuing higher education degrees. The age distribution suggests a larger older population, with a substantial number of residents over the age of 55. The racial composition is predominantly White, with small representations from other racial... Read more
Race Distribution in Middlesex County, Virginia (2022)
Educational Attainment in Middlesex County, Virginia (2022)
Age Distribution in Middlesex County, Virginia
Citizen Population in Middlesex County, Virginia (2022)
Political Trends & Data
Middlesex County, Virginia, displayed a strong, though not absolute, Republican preference in the 2020 U.S. Presidential Election, with the GOP possibly earning about 61.8% of votes. Meanwhile, Democrats secured around 36.7%, leaving Libertarian and other minor parties with combined support barely surpassing 1.5%. This political landscape could tilt the housing market dynamics, as buyer and seller motivations might align more with conservative values and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Middlesex County, Virginia, the 2020 U.S. Presidential Election saw a notable lean towards the Republican party, securing potentially around 61.8% of the vote. Democrats possibly garnered approximately 36.7%, while support for the Libertarian party hovered just above 1%. Other parties, including Green, made marginal impacts, with combined support likely under 0.5%. This data might suggest a significant but not overwhelming Republican dominance in voter preference.
61.84% of voters voted for the Republican party in the 2020 Presidential Election
36.71% of voters voted for the Democrat party in the 2020 Presidential Election
1.13% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Middlesex County, Virginia boasts a relatively low student-to-teacher ratio, fluctuating between approximately 11 and 14 students per teacher over the last decade, with the 2023 ratio at 12. This is lower than the U.S. national average of 14 and could appeal to parents seeking more individualized attention for their children. For real estate investors and builders, a stable or improving education system may enhance property appeal. Appraisers and insurance agents might also see higher market... Read more
Student-to-teacher ratio in Middlesex County, Virginia over the last 10 years
Middlesex County, Virginia has seen its student-to-teacher ratio fluctuate over the last decade, ranging between approximately 11 and 14 students per teacher, with the latest ratio for 2023 at 12. This generally lower ratio compared to the U.S. national average of 14 may appeal to parents seeking more individualized attention for their children and could be a selling point for real estate agents. For investors and those looking to build property, a stable or improving education system can be an attractive feature. Appraisers and insurance agents might also find this data useful for assessing property values, as better school ratios can correlate with higher market demand.
