Orange County Real Estate and Livability Trends
Orange County, Virginia has seen a significant rise in average taxable income, jumping from $55,915.15 in 2013 to $75,510.79 in 2021, which suggests growing affluence and an attractive landscape for real estate investment. Median home values reached $316,000 by 2022, below the state median but well above the national average, hinting at a strong local real estate market despite higher real estate... Read more
Orange County Market Trends
Orange County, Virginia has seen a notable rise in median home values, hitting $316,000 by 2022 compared to the state median of $339,800 and a national average of $179,400. A substantial increase in residential energy tax credits, peaking at $2,933.33 in 2018, hints at a growing investment in energy-efficient improvements. Real estate taxes have also climbed, from $2,161.30 in 2012 to $3,289.63... Read more
Median Value of Occupied Housing Units in Orange County, Virginia Over the Last 8 Years
Over the past eight years, the median home values in Orange County, Virginia have shown a gradual increase, particularly significant starting from 2019. By 2022, median values in Orange County soared to $316,000. In comparison, Virginia's state-wide median hit $339,800 while the national average was $179,400. This trend suggests that Orange County may offer a relatively more affordable yet appreciable market, making it an intriguing option for investors, new residents, and developers seeking growth potential without the higher price tags seen state-wide.
Residential Energy Tax Credit Per Tax Return in Orange County, VA Over the Last 9 Years
Orange County, Virginia, has seen a substantial rise in the average residential energy tax credit per tax return over the last nine years, with a notable peak in 2018 at $2,933.33. This significant increase could hint at a growing local investment in energy-efficient home improvements, making it a potentially attractive area for eco-conscious homebuyers and real estate investors. The noticeable jump from $277.14 in 2013 to $2,196.97 in 2021 suggests a trend towards greater emphasis on sustainability and energy savings in residential properties, which might influence property values and insurance considerations in the region. Builders and developers may find appealing opportunities in incorporating energy-efficient designs to attract this market segment.
Average Real Estate Taxes Per Tax Return in Orange County, VA Over the Last 10 Years
Real estate taxes in Orange County, Virginia have seen a steady increase over the past decade, rising from $2,161.30 in 2012 to $3,289.63 in 2021. Particularly notable is the significant jump between 2017 and 2018, where the average taxes per return escalated from $2,670.38 to $3,179.62. This trend might suggest a growing demand for real estate in the area or potentially increasing property values, which could be relevant for investors, potential homeowners, and real estate professionals looking to understand market dynamics in Orange County.
Percentage of Farm Returns in Orange County, VA Over the Last 10 Years
The percentage of farm tax returns in Orange County, Virginia has seen a steady decline over the last decade, dropping from approximately 2.40% in 2012 to around 1.76% in 2021. Farm tax returns represent the proportion of tax filings from agricultural businesses, indicating trends in the local agricultural sector's participation in the economy. This data could suggest a decreasing number of operational farms or a shift in the economic landscape, which may be crucial for those considering investment, relocation, or development projects in the area.
Number of Mortgages by Occupancy Type in Orange County, VA Over the Last 5 Years in Orange County
Over the past five years in Orange County, Virginia, principal residences consistently dominate mortgage counts, yet a noticeable drop occurred from 2021 to 2022. Investment properties and second residences show much lower volumes, with a minor decline observed in investment property mortgages in 2022. Changes in occupancy type offer insights into shifting property utilization, potentially signaling economic shifts, market demand variances, or evolving buyer preferences. For investors, builders, real estate agents, and insurers, understanding these trends could guide strategies, adjustments in offerings, and risk assessments.
Economic Outlook
Over the past nine years, Orange County, Virginia has seen a marked increase in average taxable income per tax return, rising dramatically from $55,915.15 in 2013 to $75,510.79 in 2021. This trend may point to a growing economic base and increasing affluence, potentially making the area attractive for real estate development and investment. Coupled with steadily climbing state and local income taxes, which have nearly doubled from $4,720.15 in 2012 to $9,769.88 in 2021, these changes could... Read more
Average Taxable Income per Tax Return in Orange County, VA over the last 9 years
Over the past nine years, Orange County, Virginia has seen a marked increase in average taxable income per tax return, with a notable jump from $55,915.15 in 2013 to $75,510.79 in 2021. This upward trend may suggest a growing economic base and increasing affluence, potentially making Orange County an appealing area for real estate development and investments. For insurance agents and appraisers, the rise in income levels could indicate evolving customer needs and property values in the region.
Average State and Local Income Taxes Per Tax Return in Orange County, VA Over the Last 10 Years
Average state and local income taxes per tax return in Orange County, Virginia have been climbing steadily over the past decade, starting from $4,720.15 in 2012 to $9,769.88 in 2021. This increase might suggest rising incomes and potentially higher costs of living, which could impact financial planning for prospective homebuyers and investors. It’s essential for appraisers and insurance agents to consider these trends for accurate assessments and tailoring of services. Real estate agents might use this data to advise clients on the economic environment of the area, and anyone interested in moving to or investing in Orange County, VA should weigh these fluctuating tax amounts in their decision-making process.
Average Total Tax Liability Per Tax Return in Orange County, VA Over the Last 10 Years
Orange County, Virginia has seen considerable fluctuation in its average total tax liability per tax return over the past decade, with peaks in 2017 ($9,744.87) and 2021 ($10,864.55). These upticks might indicate periods of higher earnings or changes in tax policies affecting residents. Investors and potential homeowners should consider these trends as they may impact disposable income and overall cost of living. Notably, the jump in average tax liability from $7,994.02 in 2012 to over $10,000 in recent years suggests an economic shift that could reflect growth or increased valuations in the area.
Cost of Living in Orange County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,394 | $1,440 | $1,512 | $1,496 | $1,429 |
| 1 adult 4 children | $1,394 | $1,176 | $1,154 | $1,496 | $1,574 |
| 2 adults 3 children | $1,394 | $1,176 | $1,313 | $1,496 | $1,178 |
| 1 adult 3 children | $1,394 | $960 | $955 | $1,496 | $1,335 |
| 2 adults 2 children | $1,054 | $963 | $1,114 | $1,307 | $969 |
| 1 adult 2 children | $1,054 | $719 | $756 | $1,307 | $999 |
| 2 adults 1 child | $1,054 | $761 | $915 | $692 | $884 |
| 1 adult 1 child | $1,054 | $492 | $557 | $692 | $794 |
| 2 adults | $830 | $611 | $716 | $0 | $700 |
| 1 adult | $782 | $333 | $358 | $0 | $604 |
Safety trends & Data
In Orange County, Virginia, property crime trends over the past five years have shown some intriguing patterns. Burglary incidents peaked in 2020 with 13 cases but sharply declined afterward. Larceny-theft saw a high of 24 incidents in 2020, though its numbers varied yearly. Vandalism reports fluctuated but remained stable with a slight rise in 2019. Motor vehicle theft and embezzlement cases have been notably low, while fraud incidents increased slightly in 2021 and 2022. These shifts may... Read more
Property Crime Trends in Orange County, VA Over the Last 5 Years
Orange County, Virginia has seen notable shifts in property crime trends over the past five years. Burglary incidents peaked in 2020 with 13 cases but dropped significantly in subsequent years. Larceny-theft consistently had higher numbers, with a spike at 24 incidents in 2020, though it varied annually. Vandalism reports indicated fluctuation but remained relatively stable with a slight rise in 2019. Motor vehicle thefts and cases of embezzlement have been consistently low. Interestingly, fraud cases saw a slight increase in 2021 and 2022. These trends may influence property investment insights, risk assessment for insurance, and focus areas for real estate development.
Demographics
Orange County, Virginia, shows a nearly even split in its adult population between males and females, with females slightly ahead. The majority of residents achieve at least a high school diploma, but only about a quarter proceed to attain a bachelor's degree or higher. Age distribution suggests a significant portion of the population is in the 55 to 64 years range, reflecting a potentially aging community. Racially, the county remains predominantly White, with Black or African American... Read more
Race Distribution in Orange County, Virginia (2022)
Educational Attainment in Orange County, Virginia (2022)
Age Distribution in Orange County, Virginia
Citizen Population in Orange County, Virginia (2022)
Political Trends & Data
Orange County, Virginia saw approximately 60% of voters leaning toward the Republican party in the 2020 Presidential Election, hinting at a robust Republican presence. Democrats garnered around 39%, while Libertarians and other parties captured only a small portion. This political climate might influence local real estate trends, potentially attracting buyers favoring Republican-leaning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Orange County, Virginia saw a significant lean toward the Republican party in the 2020 Presidential Election, with approximately 60% of the vote. Democrats captured around 39%, while Libertarians and other parties collectively accounted for a minor share. This distribution suggests a stronger Republican presence compared to other political affiliations within the county.
59.87% of voters voted for the Republican party in the 2020 Presidential Election
38.52% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Orange County, Virginia, has varied over the past decade, reaching a high of almost 17 in 2015 and a low of about 14 in 2019. Currently at roughly 15 students per teacher, this ratio is slightly above the national average of 14. These fluctuations may shape classroom dynamics, educational quality, and resource allocation, which can be pivotal for potential homebuyers, real estate agents, and investors concerned with local education... Read more
Student-to-teacher ratio in Orange County, Virginia over the last 10 years
The student-to-teacher ratio in Orange County, Virginia has fluctuated over the past decade, peaking at nearly 17 students per teacher in 2015 and dropping to its lowest at about 14 in 2019. Currently, the ratio stands at approximately 15, slightly above the national average of 14 students per teacher. These variations in student-to-teacher ratios could influence classroom dynamics, educational quality, and resource allocation, which are critical considerations for potential investors, homebuyers, real estate agents, and those vested in the local education system.
