Northumberland County Real Estate and Livability Trends
Northumberland County, Virginia, has seen median home values rise from $242,000 in 2015 to $303,700 in 2022, outpacing national trends but growing slower than state figures. The significant rise in average taxable income and higher total tax liabilities suggest possible regional economic stability and wealth growth, engaging real estate professionals and investors. Educational improvements are... Read more
Northumberland County Market Trends
Northumberland County, Virginia's median home values have outperformed the national average, rising from $242,000 in 2015 to $303,700 in 2022, while also showing slower growth compared to the state figures. Residential energy tax credits in the county have seen fluctuations, with notable spikes indicating increased investments in energy-efficient home improvements, potentially affecting property... Read more
Median Value of Occupied Housing Units in Northumberland County, Virginia Over the Last 8 Years
Comparing Northumberland County, Virginia to state and national trends, median home values have generally outperformed the national average over the last eight years. While the national median increased from $125,500 in 2015 to $179,400 in 2022, Northumberland County saw a rise from $242,000 to $303,700 within the same period. Although slightly less dynamic than the state of Virginia, where values jumped from $245,000 to $339,800, Northumberland still presents a compelling option for investors and those looking to relocate, given its relatively steady and substantial growth trajectory.
Residential Energy Tax Credit Per Tax Return in Northumberland County, VA Over the Last 9 Years
Northumberland County, Virginia has seen notable fluctuations in residential energy tax credits per tax return over the past nine years. After a significant spike to $833.33 in 2014, the credits dipped and remained relatively steady until another major increase in 2018, peaking at $1,468.75 in 2021. This upward trend could signal rising investments in energy-efficient home improvements, potentially impacting property values and insurance premiums. For investors, builders, and real estate agents, understanding these changes might inform strategies for maximizing returns in this locale.
Average Real Estate Taxes Per Tax Return in Northumberland County, VA Over the Last 10 Years
Over the past decade, Northumberland County, Virginia, has experienced notable shifts in average real estate taxes per tax return. Starting around $2,457.14 in 2012, there was a gradual increase with a significant leap in 2018 at $3,703.66, peaking in 2020 at $4,204.23 before a slight decline in 2021 to $3,896.92. These trends might be valuable for potential investors or property developers evaluating the area's economic climate and tax implications. A consistently upward trajectory suggests rising property values or tax rates, insights critical for appraisers and insurance agents assessing risk and property worth. For residents and real estate agents, understanding these fluctuations can inform more accurate financial planning and property pricing strategies.
Percentage of Farm Returns in Northumberland County, VA Over the Last 10 Years
The percentage of farm tax returns in Northumberland County, Virginia, has shown a slight decline over the last decade, starting at approximately 1.52% in 2012 and dipping to around 1.32% by 2021. Farm tax returns offer insights into the agricultural activity and economic health of a county, reflecting trends in land use, agricultural output, and profitability. Investors and those considering building property or moving to Northumberland might find this trend indicative of shifting agricultural dynamics in the area, with potential implications for land value and local economic opportunities.
Number of Mortgages by Occupancy Type in Northumberland County, VA Over the Last 5 Years in Northumberland County
An interesting trend in Northumberland County, Virginia over the past five years highlights significant fluctuations in the number of mortgages across different occupancy types. Investment property mortgages have generally remained low but relatively consistent, whereas principal residences saw a notable peak in 2021, reaching 1020 before a sharp decline to 692 the following year. Second residences experienced volatility, spiking in 2020 before dropping drastically by 2022. These shifts may imply varying levels of market confidence and differing investment strategies, with potential implications for property values and local economic conditions. Such trends can influence decisions for investors, homebuyers, real estate agents, appraisers, and insurance agents as they navigate the changing landscape in Northumberland County.
Economic Outlook
In Northumberland County, Virginia, the average taxable income per tax return has substantially increased from $56,088.76 in 2013 to $87,673.94 by 2021, suggesting possible economic stability and wealth growth that could appeal to investors and real estate professionals. Similarly, the county has experienced a rise in average state and local income taxes, peaking at $11,976.47 in 2020 before settling at $10,219.05 in 2021, which might reflect rising incomes, tax policy changes, or economic... Read more
Average Taxable Income per Tax Return in Northumberland County, VA over the last 9 years
In the past nine years, Northumberland County, Virginia has seen a notable rise in average taxable income per tax return. Starting at $56,088.76 in 2013, the figure gradually climbed to $87,673.94 by 2021. This upward trend might interest investors and real estate professionals, signaling potential wealth growth and economic stability in the area. For insurance agents and appraisers, these increasing incomes could point to an evolving risk landscape and asset valuation. Those considering moving or building property here might see this as an indicator of prosperity, suggesting robust local economic health.
Average State and Local Income Taxes Per Tax Return in Northumberland County, VA Over the Last 10 Years
Northumberland County, Virginia has seen a noticeable increase in the average state and local income taxes per tax return over the past decade, climbing from $4,838.37 in 2012 to a significant peak of $11,976.47 in 2020 before settling at $10,219.05 in 2021. This upward trend could suggest a variety of factors at play, such as rising incomes, changes in tax policies, or broader economic conditions impacting the area. Potential investors, property developers, and real estate agents might find these figures indicative of the county's evolving financial landscape, possibly reflecting broader growth or socio-economic shifts.
Average Total Tax Liability Per Tax Return in Northumberland County, VA Over the Last 10 Years
Over the past decade, Northumberland County, Virginia has seen a notable increase in average total tax liability per tax return, jumping from $9,146.48 in 2012 to $14,914.26 in 2021. This steady rise might indicate economic growth or changes in tax rates and policies, impacting decisions for potential investors, homeowners, and real estate agents. For insurance agents and appraisers, these figures could influence assessments and risk calculations, while those looking to build or move into the area may find the upward trend significant when considering long-term financial planning.
Cost of Living in Northumberland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,291 | $1,593 | $1,681 | $1,259 | $1,379 |
| 1 adult 4 children | $1,291 | $1,301 | $1,284 | $1,259 | $1,514 |
| 2 adults 3 children | $1,291 | $1,301 | $1,459 | $1,259 | $1,133 |
| 1 adult 3 children | $1,291 | $1,062 | $1,062 | $1,259 | $1,250 |
| 2 adults 2 children | $1,015 | $1,065 | $1,237 | $1,102 | $951 |
| 1 adult 2 children | $1,015 | $796 | $840 | $1,102 | $943 |
| 2 adults 1 child | $1,015 | $842 | $1,015 | $589 | $878 |
| 1 adult 1 child | $1,015 | $544 | $618 | $589 | $749 |
| 2 adults | $814 | $676 | $793 | $0 | $700 |
| 1 adult | $753 | $369 | $396 | $0 | $596 |
Safety trends & Data
Northumberland County, Virginia's property crime trends have seen notable fluctuations. Larceny-theft saw a peak of 11.0 incidents in 2018 and 2019, dropping significantly to 2.0 by 2021, indicating a positive trend for home safety. Vandalism and fraud have shown spikes, notably fraud peaking at 7.0 incidents in 2021, while motor vehicle thefts have remained consistently low. These crime patterns could inform real estate decisions, investment risk assessments, and insurance evaluations,... Read more
Property Crime Trends in Northumberland County, VA Over the Last 5 Years
Over recent years, Northumberland County, Virginia has shown fluctuations in property-related crimes. Larceny-theft generally appears as the most common crime, peaking at 11.0 incidents in both 2018 and 2019 but significantly dropping to 2.0 incidents by 2021. Interestingly, instances of vandalism and fraud have varied, with notable spikes observed in specific years—vandalism reached 8.0 incidents in 2018 and 7.0 in 2021, while fraud peaked at 7.0 incidents in 2021. Remarkably, motor vehicle thefts have remained low and relatively stable. This data might offer useful insights for real estate agents, investors, and insurance providers, revealing potential risk areas and shifts in the local crime landscape.
Demographics
Northumberland County, Virginia exhibits a fairly balanced male-to-female ratio among its adult population, potentially reflecting stable community dynamics. A significant portion of residents aged 65 and over hints at the possibility of the area being attractive for retirees, influencing local services and housing markets. Educational attainment is varied, with a notable number of high school graduates and individuals with some college education, which may suggest a moderate yet stable... Read more
Race Distribution in Northumberland County, Virginia (2022)
Educational Attainment in Northumberland County, Virginia (2022)
Age Distribution in Northumberland County, Virginia
Citizen Population in Northumberland County, Virginia (2022)
Political Trends & Data
Northumberland County, Virginia, leaned Republican with about 57.4% of votes in the 2020 Presidential Election, while Democrats garnered roughly 41.6%. It's intriguing to see a conservative inclination, but the small percentages for third parties might signal a desire for alternatives to the traditional two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Northumberland County in Virginia showed a preference for Republican candidates with around 57.4% of the vote, while Democrats secured approximately 41.6% during the 2020 U.S. Presidential Election. The remaining votes were distributed among Libertarians and other minor parties, though these numbers were significantly lower. This might indicate a leaning towards conservative values, but it's interesting to consider how the small percentages for third parties could reflect a fragment of the electorate seeking alternatives to the two-party system.
57.39% of voters voted for the Republican party in the 2020 Presidential Election
41.61% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Northumberland County, Virginia, the student-to-teacher ratio has fallen from 13 students per teacher in 2014 to around 10 in 2023, well below the national average of 14. This could mean more personalized attention for students, making the area more appealing to families, investors, and real estate agents. Lower ratios can also positively impact property appraisals and influence decisions on local education-focused infrastructure investments. Insurance agents might also find this trend... Read more
Student-to-teacher ratio in Northumberland County, Virginia over the last 10 years
In Northumberland County, Virginia, the student-to-teacher ratio has been consistently below the national average of 14 students per teacher over the past decade. With a gradual decrease from 13 students per teacher in 2014 to just around 10 in 2023, it suggests smaller class sizes, which could potentially lead to more personalized attention for students. This trend might be appealing for families considering relocation, as well as for investors and real estate agents marketing properties in the area. Lower ratios can also influence property appraisals positively and affect decisions by those looking to build or invest in local education-focused infrastructure. Insurance agents might also consider this trend when assessing risks and policy structures for educational institutions here.
