Northampton County Real Estate and Livability Trends
Northampton County, Virginia boasts a median home value of $246,300 in 2022, potentially providing an attractive option for investors since it sits well below the Virginia state average of $339,800. Economic indicators like the jump in average taxable income from $45,382.43 in 2013 to $73,998.81 by 2021 suggest rising wages and economic growth. Real estate taxes per tax return rose from $2,798.48... Read more
Northampton County Market Trends
Northampton County, Virginia's median home values reached $246,300 in 2022, noticeably below the Virginia state average of $339,800 but above the national median of $179,400. This potential undervaluation might attract investors. The residential energy tax credit per tax return hit a high of $1,667.67 in 2021, reflecting bursts in energy-efficient home improvements. Real estate taxes per tax... Read more
Median Value of Occupied Housing Units in Northampton County, Virginia Over the Last 8 Years
Northampton County, Virginia's median home values have shown a varied trend over the past 8 years, culminating in a substantial increase to $246,300 in 2022. Comparatively, the state average in Virginia reached $339,800 in 2022, while the national median was $179,400. This differential may present opportunities for investors seeking a potentially undervalued market within the state. The sharp rise in 2022 could indicate new growth and development potential, enticing for those considering property investment or relocation to this region.
Residential Energy Tax Credit Per Tax Return in Northampton County, VA Over the Last 9 Years
Over the last nine years, the residential energy tax credit per tax return in Northampton County, Virginia has fluctuated significantly, with highs reaching approximately $1,667.67 in 2021 and lows around $400.00 in 2015. Notably, there were sharp increases in 2018 and 2021, suggesting possible spikes in energy-efficient home improvements or policy changes during those years. This volatility could impact property valuations and investment decisions, as homes with energy-efficient upgrades may command better resale values and appeal to environmentally conscious buyers. Such data is also relevant for insurance agents considering homeowner risk profiles and for appraisers assessing property enhancements.
Average Real Estate Taxes Per Tax Return in Northampton County, VA Over the Last 10 Years
Northampton County, Virginia has experienced a noticeable increase in average real estate taxes per tax return over the last decade. Starting at $2,798.48 in 2012, the amount has climbed to $4,323.26 by 2021, with a significant jump observed after 2015. The most notable spikes happened in 2018 and 2019, suggesting potential changes in property valuations or tax rates during this period. This trend might indicate a rising property market, which could be of particular interest to investors and appraisers, though it can also imply higher costs for prospective homebuyers and insurance agents assessing risk in the area.
Percentage of Farm Returns in Northampton County, VA Over the Last 10 Years
Farm tax returns in Northampton County, Virginia have shown a modest increase over the last decade, hovering around 1.91% to 2.30%. This trend may suggest a slowly growing agricultural sector, potentially offering opportunities for new investments in farming and agribusiness. For property developers and residents, this could imply sustained or increased value in farmland areas. Such steady growth in farm returns might reflect a stable local economy, making it a potentially attractive spot for long-term investments in the agricultural market.
Number of Mortgages by Occupancy Type in Northampton County, VA Over the Last 5 Years in Northampton County
Over the past five years, Northampton County in Virginia has seen fluctuating trends in its mortgage landscape, with principal residences consistently accounting for the lion's share of mortgages. Investment properties and second residences hold smaller percentages, but notable shifts have occurred, particularly in recent years. For instance, there was a significant jump in investment property mortgages between 2019 and 2021, suggesting a possible emerging interest in rental or commercial opportunities. Similarly, the steady rise in second residence mortgages might indicate increasing appeal for vacation homes or seasonal living. Observing these changes can guide investors in identifying lucrative areas, assist realtors in targeting markets, and enable appraisers and insurers to better assess property values and risks. Understanding occupancy trends offers critical insights for anyone interested in the local real estate market.
Economic Outlook
In Northampton County, Virginia, the average taxable income per tax return climbed from around $45,382.43 in 2013 to $73,998.81 by 2021, with a notable jump of approximately $14,781.00 between 2020 and 2021. Simultaneously, state and local income taxes jumped from $5,538.76 in 2012 to $10,479.07 in 2021. Total tax liability per tax return also saw an increase from $8,505.35 in 2012 to $13,119.04 in 2021. These upward trends could indicate economic growth and rising wages in the area, which are... Read more
Average Taxable Income per Tax Return in Northampton County, VA over the last 9 years
In Northampton County, Virginia, the average taxable income per tax return has shown a general upward trend over the last nine years. Starting from around $45,382.43 in 2013, there have been incremental increases each year, hitting $73,998.81 by 2021. Notably, there was a significant jump between 2020 and 2021, where the average taxable income rose by approximately $14,781.00. This consistent increase might indicate economic growth or rising wages in the area, which could be relevant for potential investors, real estate agents, or anyone looking into property developments in Northampton County.
Average State and Local Income Taxes Per Tax Return in Northampton County, VA Over the Last 10 Years
In Northampton County, Virginia, average state and local income taxes per tax return have significantly increased over the past decade. From $5,538.76 in 2012 to $10,479.07 in 2021, there has been a notable upward trajectory, peaking over the last few years. This trend could be indicative of rising incomes or tax rate adjustments, making it a critical factor for potential investors, real estate agents, and those considering making a move to evaluate the financial landscape. For appraisers and insurance agents, the increasing tax burden may reflect broader economic growth, impacting property values and policy assessments.
Average Total Tax Liability Per Tax Return in Northampton County, VA Over the Last 10 Years
Over the past decade, average total tax liability per tax return in Northampton County, Virginia has shown a generally increasing trend. Starting from $8,505.35 in 2012, the tax liability dipped slightly in early years but began to rise significantly with a sharp increase after 2016, reaching $13,119.04 in 2021. This rise in tax liability could reflect increased incomes, property values, or economic activities in the county. For those considering investments or relocations, this suggests a potentially robust and growing financial environment. However, appraisers and insurance agents might see this as a signal of evolving market dynamics, necessitating updated risk assessments and property valuations.
Cost of Living in Northampton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,178 | $1,363 | $1,512 | $1,183 | $1,080 |
| 1 adult 4 children | $1,178 | $1,113 | $1,154 | $1,183 | $1,208 |
| 2 adults 3 children | $1,178 | $1,114 | $1,313 | $1,183 | $891 |
| 1 adult 3 children | $1,178 | $909 | $955 | $1,183 | $955 |
| 2 adults 2 children | $857 | $912 | $1,114 | $1,025 | $737 |
| 1 adult 2 children | $857 | $681 | $756 | $1,025 | $695 |
| 2 adults 1 child | $857 | $721 | $915 | $512 | $689 |
| 1 adult 1 child | $857 | $465 | $557 | $512 | $610 |
| 2 adults | $660 | $579 | $716 | $0 | $576 |
| 1 adult | $636 | $316 | $358 | $0 | $522 |
Safety trends & Data
Northampton County, Virginia has seen steady property crime trends over the past five years, with burglary incidents fluctuating between 1.0 to 4.0 cases annually and larceny-theft peaking at 14.0 in 2018. Embezzlement and forgery-counterfeiting showed fewer fluctuations, posing concerns for businesses. Vandalism saw moderate changes, hitting a high of 9.0 in 2019, and fraud notably spiked to 10.0 cases in 2021. This generally stable yet varied landscape of property crimes is critical for real... Read more
Property Crime Trends in Northampton County, VA Over the Last 5 Years
Northampton County, Virginia has seen relatively steady property crime trends over the past five years. Burglary incidents fluctuated slightly, ranging from 1.0 to 4.0 cases annually, while larceny-theft consistently topped the charts, peaking at 14.0 in 2018 and showing some declines and rebounds. Interestingly, embezzlement and forgery-counterfeiting saw fewer fluctuations, suggesting potential areas of concern for businesses and financial institutions. Vandalism arrests experienced moderate changes, peaking at 9.0 in 2019 and dropping to as low as 3.0. Fraud saw a notable rise in 2021 with 10.0 cases before dropping slightly again. This data indicates a generally stable but varied landscape of property crimes, essential for real estate agents, investors, and those considering relocation or conducting appraisals in the area.
Demographics
In Northampton County, Virginia, the adult population is fairly balanced but leans towards more females. Educational attainment shows a significant portion of residents holding at least a high school diploma, with a notable amount achieving higher education degrees. The age distribution reveals a large segment of the population aged 55 and over, indicating potential implications for healthcare and services for seniors. Racial demographics indicate a majority White population, but a substantial... Read more
Race Distribution in Northampton County, Virginia (2022)
Educational Attainment in Northampton County, Virginia (2022)
Age Distribution in Northampton County, Virginia
Citizen Population in Northampton County, Virginia (2022)
Political Trends & Data
In Northampton County, Virginia, the 2020 presidential election results possibly reflect a slight Democratic preference, with an estimated 54.47% of the vote compared to Republicans' 43.89%. This political leaning might signal broader regional trends that could subtly influence the local real estate market, as certain demographic profiles often align with specific residential preferences and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Northampton County, Virginia, Democrats ostensibly led the 2020 presidential election with an estimated 54.47% of the vote, while Republicans might have garnered around 43.89%. Libertarians collected a marginal 1.49%, with other minor parties contributing insignificantly. This suggests a potentially firm leaning towards Democratic preferences, hinting at broader regional political trends.
43.89% of voters voted for the Republican party in the 2020 Presidential Election
54.47% 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
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Northampton County, Virginia maintains a consistent student-to-teacher ratio below the national average of fourteen students per teacher, potentially enhancing property appeal to families seeking personalized education and better teacher-student interaction. This trend may influence the marketability of homes, property values, and the attractiveness of the area for developers due to the long-term socioeconomic stability associated with good education... Read more
Student-to-teacher ratio in Northampton County, Virginia over the last 10 years
Over the past decade, Northampton County, Virginia has generally maintained student-to-teacher ratios below the national average of fourteen students per teacher. This trend could potentially signify smaller class sizes, which might appeal to families prioritizing personalized education and better teacher-student interaction. For real estate agents and investors, these lower ratios could enhance the marketability of properties to prospective buyers with school-aged children. Appraisers and insurance agents might also take this into account when evaluating property and demographic trends, as communities with appealing education metrics tend to have stable or rising property values. For developers and those looking to build, these ratios may denote an educated labor force and engaged community, factors that contribute to long-term socioeconomic stability.
