Page County Real Estate and Livability Trends
Page County, Virginia has seen steady economic growth with average taxable incomes rising from $41,820.19 in 2013 to $57,958.16 by 2021, suggesting increased affluence and potential property value appreciation. Median housing values climbed to $198,000 in 2022, overtaking the national median but falling short of the state average, hinting at opportunities for real estate investors.... Read more
Page County Market Trends
Page County, Virginia has seen a remarkable jump in median housing values, reaching $198,000 in 2022—outpacing the national median of $179,400 but lagging behind the statewide figure of $339,800. This sharp increase suggests potential growth opportunities for investors and builders. Residential Energy Tax Credits in the county also surged, peaking at $1,130.77 in 2021, indicating a rise in... Read more
Median Value of Occupied Housing Units in Page County, Virginia Over the Last 8 Years
Page County, Virginia has experienced fluctuating housing values over the past eight years, with a steep increase in 2022 reaching $198,000. This marks a striking divergence from the more moderate climb seen both statewide in Virginia and nationally, where the 2022 figures were $339,800 and $179,400, respectively. While the county's values trailed significantly behind statewide trends, it has outpaced the national median. For investors, builders, and prospective residents, Page County's market can be particularly intriguing due to its recent sharp rise, suggesting potential growth opportunities.
Residential Energy Tax Credit Per Tax Return in Page County, VA Over the Last 8 Years
Page County, Virginia has demonstrated a significant rise in Residential Energy Tax Credits per tax return over the last eight years. Starting at $287.50 in 2013, credits steadily increased, peaking dramatically in 2021 at $1,130.77. Notably, 2019 saw a substantial jump to $912.50, suggesting increased local investment in energy-efficient home improvements. This trend may signify growing homeowner engagement in sustainability efforts, which could appeal to potential real estate investors, builders, and insurance agents looking at energy-efficient properties. For residents and potential movers, these increases could mean potential future savings on energy costs and tax credits.
Average Real Estate Taxes Per Tax Return in Page County, VA Over the Last 10 Years
Over the past decade, average real estate taxes in Page County, Virginia have shown a consistent upward trend, nearly doubling from $1,813.90 in 2012 to $3,002.50 in 2021. This increase likely reflects a combination of rising property values and possibly higher tax rates, making it important for potential investors, homebuyers, and real estate agents to budget accordingly. For appraisers and insurance agents, understanding this trend is crucial for accurate valuations and premium calculations. The sharpest jumps occurred between 2016 and 2019, suggesting a notable shift in the local economic landscape during that period.
Percentage of Farm Returns in Page County, VA Over the Last 10 Years
Farm tax returns in Page County, Virginia, have seen a modest decline over the past decade, falling from approximately 4.55% to about 3.96%. This trend could imply shifts in the local agricultural economy, possibly due to factors like land use changes, crop profitability, and farmer demographics. For those considering investments, building properties, or moving to Page County, these figures might suggest a move away from agriculture as a predominant economic activity in favor of other sectors.
Number of Mortgages by Occupancy Type in Page County, VA Over the Last 5 Years in Page County
Page County, Virginia has seen significant fluctuations in mortgage types over the last five years, with principal residences consistently leading the market. Investment properties showed a notable increase from 38 in 2018 to 136 in 2022, while second residences remained relatively stable, peaking slightly in 2021. These shifts can influence property values and the local rental market. For investors, the rising interest in investment properties might suggest increasing rental demand, potentially driving up rents and making rental properties a lucrative investment. For those considering moving to the area, the robust numbers for principal residences could imply a stable, family-friendly environment. Appraisers and insurance agents may find the data useful for understanding market dynamics and risk assessment. Realtors and builders might want to focus on opportunities in developing rental units or new homes, catering to the growing interest in investment properties and principal residences.
Economic Outlook
Page County, Virginia has enjoyed a steady climb in average taxable income per tax return and state and local income taxes over the past decade, hinting at improving economic conditions and rising affluence among residents—from $41,820.19 in 2013 to $57,958.16 by 2021. This trend suggests potentially higher property values and could be attractive to real estate investors. Simultaneously, the average total tax liability has also grown, peaking at $7,582.65 in 2021, which underscores a broader... Read more
Average Taxable Income per Tax Return in Page County, VA over the last 9 years
Page County, Virginia has experienced a steady increase in average taxable income per tax return over the past nine years, rising from around $41,820.19 in 2013 to approximately $57,958.16 by 2021. This upward trend suggests a gradual improvement in the economic conditions of the residents, which could be appealing for potential investors or real estate stakeholders. It also indicates a possibly increasing affluence, which might impact property values and insurance premiums in the area.
Average State and Local Income Taxes Per Tax Return in Page County, VA Over the Last 10 Years
Page County, Virginia has witnessed a notable upward trend in average state and local income taxes per tax return over the last decade. Starting from approximately $3,953.27 in 2012, it gradually rose each year, peaking at $6,806.82 in 2021. This consistent rise suggests an increase in taxable income and possibly property value, which could have multiple implications for potential residents, investors, and professionals involved in real estate and finance. The significant jump between 2017 and 2018, from $4,968.10 to $6,079.31, is particularly striking and could indicate substantial economic changes within the county during that period.
Average Total Tax Liability Per Tax Return in Page County, VA Over the Last 10 Years
Page County, Virginia has seen a notable increase in average total tax liability per tax return over the past decade. From 2012's average of approximately $5,104.49, the amount has continually risen with minor fluctuations. Noteworthy spikes include 2015 and 2021, with 2021 reaching a significant $7,582.65. This upward trend could indicate economic growth or changes in tax policies, making it an essential factor for potential investors, property developers, and real estate agents to consider when evaluating the financial landscape of the area.
Cost of Living in Page County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,039 | $1,355 | $1,569 | $1,478 | $1,151 |
| 1 adult 4 children | $1,039 | $1,107 | $1,198 | $1,478 | $1,286 |
| 2 adults 3 children | $1,039 | $1,107 | $1,362 | $1,478 | $945 |
| 1 adult 3 children | $1,039 | $904 | $991 | $1,478 | $1,032 |
| 2 adults 2 children | $800 | $906 | $1,155 | $1,281 | $809 |
| 1 adult 2 children | $800 | $677 | $784 | $1,281 | $786 |
| 2 adults 1 child | $800 | $716 | $948 | $641 | $724 |
| 1 adult 1 child | $800 | $463 | $578 | $641 | $644 |
| 2 adults | $708 | $575 | $742 | $0 | $614 |
| 1 adult | $593 | $314 | $371 | $0 | $527 |
Safety trends & Data
Page County, Virginia has experienced changing property crime trends over the past five years. Although burglary and larceny-theft were high in 2018, with values at 2.00 and 63.00 respectively, larceny-theft dropped to 25.00 by 2020, then rose slightly to 35.00 in 2022. Fraud has steadily increased, peaking at 17.00 in 2022, and vandalism spiked to 16.00 in 2021 before decreasing significantly. These evolving patterns could be crucial for investors, property developers, appraisers, and... Read more
Property Crime Trends in Page County, VA Over the Last 5 Years
Page County, Virginia has seen notable fluctuations in property crime trends over the past five years. While instances of burglary and larceny-theft were relatively high in 2018, with values at 2.00 and 63.00 respectively, there was a noticeable drop in larceny-theft to 25.00 by 2020, before increasing again to 35.00 in 2022. Fraud has shown a gradual increase, reaching a peak value of 17.00 in 2022. Vandalism, too, saw a surge in 2021 with a value of 16.00 but decreased significantly by 2022. These trends may indicate evolving crime patterns, potentially relevant for potential investors, property developers, appraisers, and insurance agents who seek to understand the risk landscape in Page County.
Demographics
Page County, Virginia presents a near-equal gender distribution with slightly more females than males, suggesting balanced community dynamics. Educational attainment skews heavily towards high school graduates, with significantly fewer residents holding college degrees, hinting at possible areas for educational development. The age distribution suggests a relatively older population, particularly those aged 55 to 64 years, which could influence local healthcare and retirement services. The... Read more
Race Distribution in Page County, Virginia (2022)
Educational Attainment in Page County, Virginia (2022)
Age Distribution in Page County, Virginia
Citizen Population in Page County, Virginia (2022)
Political Trends & Data
The strong Republican leaning in Page County, Virginia, as reflected in the 2020 U.S. Presidential Election, suggests underlying socio-political dynamics that may influence the real estate market. Approximately 75% of voters supported the Republican candidate, while the Democratic candidate captured around 24%, with minor parties drawing less than 2%. This significant partisan divide indicates a community with potentially conservative values, which could impact everything from property demand... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Page County, Virginia, the 2020 U.S. Presidential Election results potentially reveal a strong Republican leaning, with approximately 75% of the voters supporting the Republican candidate. The Democratic candidate might have garnered around 24% of the votes, indicating a significant gap between the two major parties. Minor parties, including the Libertarian and Other categories, seemed to attract minimal support, collectively accounting for less than 2% of the vote. This distribution could suggest a fairly entrenched partisan preference within the county.
74.68% of voters voted for the Republican party in the 2020 Presidential Election
24.03% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Page County, Virginia has consistently decreased from a peak of about 16 in 2017 to around 12 in 2023, suggesting increased investment in educational infrastructure. This ratio, lower than the national average of 14 students per teacher, could make the area more appealing to families prioritizing education. For investors, this trend may signal a commitment to community development, potentially boosting property values and making the county more attractive for... Read more
Student-to-teacher ratio in Page County, Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Page County, Virginia has fluctuated, peaking at approximately 16 in 2017 before trending downward to around 12 in 2023. This suggests the county has been investing more in its educational infrastructure, potentially making it a more attractive option for families. The current ratio stands well below the national average of 14 students per teacher, which might appeal to parents seeking more individualized attention for their children. For investors, this trend could indicate a growing commitment to community development, which might enhance property values. Real estate agents, appraisers, and insurance agents could leverage these insights when assessing the county's future prospects and attractiveness.
