Pittsylvania County Real Estate and Livability Trends
In Pittsylvania County, Virginia, average taxable incomes rose from $43,383.00 in 2013 to $58,195.53 in 2021, hinting at a stable economy. State and local income taxes nearly doubled, which might increase living and business costs. Median home values jumped to $144,100 in 2021, indicating investment potential even though it's below state and national averages. Notably, residential energy tax... Read more
Pittsylvania County Market Trends
Pittsylvania County, Virginia has experienced a notable increase in median home values, currently at $144,100, up from $129,000 in 2021, suggesting potential investment opportunities despite being significantly lower than the state and national medians. Residential energy tax credits saw a significant spike in 2018 at $1,871.43, pointing to changes in policy or increasing energy-efficient... Read more
Median Value of Occupied Housing Units in Pittsylvania County, Virginia Over the Last 8 Years
Pittsylvania County, Virginia has seen a steady rise in median home values over the past eight years, with current figures at $144,100. This upward trend, particularly notable in the recent jump from $129,000 in 2021, presents potential opportunities for investors. However, it's worth noting that these values are significantly lower than both the Virginia state median of $339,800 and the national median of $179,400. This disparity may indicate more affordable real estate options for buyers while hinting at growth potential if the market follows broader trends.
Residential Energy Tax Credit Per Tax Return in Pittsylvania County, VA Over the Last 9 Years
Pittsylvania County, Virginia has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. Notably, 2018 had a substantial spike with an average of $1,871.43, which was much higher than other years, suggesting possibly a change in tax credit policies or increased usage of energy-efficient improvements. Following that peak, there's a visible effort to maintain higher than earlier years, with 2021 showing an average of $1,134.54. This trend highlights an increased interest in energy efficiency that could be appealing for potential investors or homeowners interested in properties with better energy-saving features. For real estate agents and appraisers, factoring in these credits might provide a clearer picture of property values and buyer incentives.
Average Real Estate Taxes Per Tax Return in Pittsylvania County, VA Over the Last 10 Years
Over the last decade in Pittsylvania County, Virginia, the average real estate taxes per tax return have experienced a notable upward trend. From $1,247.05 in 2012 to a peak of $2,116.03 in 2019, it’s clear that homeowners here are seeing a steady rise in their tax burdens. Although there's a slight dip after 2019, the rates remain significantly higher than a decade ago. This upward trajectory could signal increasing property values and could be of interest to potential investors, real estate agents, and insurance agents when evaluating the market. For those living in or moving to the area, the heightened taxes are something to factor into long-term financial planning.
Percentage of Farm Returns in Pittsylvania County, VA Over the Last 10 Years
Farm tax returns in Pittsylvania County, Virginia have shown a slight but notable decline over the past decade. Specifically, the percentage of farm returns decreased from approximately 4.22% in 2012 to around 3.45% in 2021, with some fluctuations in between. This trend might imply a gradual reduction in farm-related activities or profitability. For those considering investment or property development, it’s useful to understand these dynamics, considering agriculture's potential impact on the local economy and land use planning. For current or prospective residents, recognizing shifts in agricultural presence can inform community involvement and local policy advocacy.
Number of Mortgages by Occupancy Type in Pittsylvania County, VA Over the Last 5 Years in Pittsylvania County
The data for Pittsylvania County, Virginia, over the last five years indicates fluctuations in mortgage numbers across different occupancy types. Investment property mortgages have remained relatively stable but low in volume, suggesting limited activity in property investment. Principal residence mortgages peaked in 2021 with a sharp drop in 2022, potentially reflecting shifts in housing market dynamics or economic conditions. Second residence mortgages show variability but are consistently the smallest segment, indicating that secondary home purchases may be less common. These trends are crucial for investors, appraisers, insurance agents, builders, and real estate professionals to understand, as they reflect underlying market health and consumer priorities, directly influencing property values, insurance assessments, and investment opportunities.
Economic Outlook
Average taxable incomes in Pittsylvania County, Virginia, have risen from $43,383.00 in 2013 to around $58,195.53 in 2021, suggesting a stable local economy. Concurrently, state and local income taxes have climbed from $4,288.67 in 2012 to $8,972.95 in 2021, indicating a higher tax burden that might affect living and business costs. Total tax liability per tax return also increased from $5,457.74 in 2012 to $7,655.82 in 2021, which could reflect higher earnings or an escalating cost of living.... Read more
Average Taxable Income per Tax Return in Pittsylvania County, VA over the last 9 years
Average taxable incomes in Pittsylvania County, Virginia, have shown a steady increase over the last nine years, rising from around $43,383.00 in 2013 to approximately $58,195.53 in 2021. This gradual upward trend may suggest a strengthening local economy, potentially impacting decisions for investors, real estate professionals, and prospective residents looking for economic stability. Notably, the jump in 2021 could be indicative of broader economic factors or local developments that have bolstered income levels in the area. This trend is crucial for understanding the area's economic health and planning future investments or relocations.
Average State and Local Income Taxes Per Tax Return in Pittsylvania County, VA Over the Last 10 Years
Pittsylvania County, Virginia has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at $4,288.67 in 2012, the taxes grew relatively steadily until a sharp jump in 2018, reaching $7,536.49 and continuing to climb up to $8,972.95 in 2021. This trend suggests that those looking to invest, move, or do business in the area should be aware of the rising tax burden, which could impact the overall cost of living and operational expenses. Real estate agents, appraisers, and insurance agents might find this trend particularly relevant for assessing market conditions and advising clients.
Average Total Tax Liability Per Tax Return in Pittsylvania County, VA Over the Last 10 Years
Pittsylvania County, Virginia has seen a noticeable upward trend in average total tax liability per tax return over the past decade, with amounts increasing from around $5,457.74 in 2012 to approximately $7,655.82 in 2021. This steady rise, peaking significantly in 2021, may indicate economic growth or changes in taxable income within the county. For investors, real estate agents, or those considering moving here, this could reflect a potentially higher earning demographic or increased cost of living. Appraisers and insurance agents should consider this trend when evaluating property values and risk assessments.
Cost of Living in Pittsylvania County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,091 | $1,416 | $1,503 | $954 | $1,000 |
| 1 adult 4 children | $1,091 | $1,156 | $1,148 | $954 | $1,109 |
| 2 adults 3 children | $1,091 | $1,156 | $1,306 | $954 | $825 |
| 1 adult 3 children | $1,091 | $944 | $950 | $954 | $854 |
| 2 adults 2 children | $816 | $947 | $1,108 | $820 | $692 |
| 1 adult 2 children | $816 | $707 | $752 | $820 | $634 |
| 2 adults 1 child | $816 | $748 | $910 | $384 | $663 |
| 1 adult 1 child | $816 | $483 | $554 | $384 | $581 |
| 2 adults | $643 | $601 | $712 | $0 | $592 |
| 1 adult | $545 | $328 | $356 | $0 | $508 |
Safety trends & Data
In Pittsylvania County, Virginia, property crime rates have fluctuated over the past five years, with burglary incidents declining from 2018 to 2020 but rebounding in 2022. Larceny-theft cases dropped dramatically between 2018 and 2021, only to slightly increase in 2022. Motor vehicle thefts have been gradually rising, while vandalism incidents saw a notable increase recently. These trends could potentially influence property values, insurance rates, and community safety perceptions, impacting... Read more
Property Crime Trends in Pittsylvania County, VA Over the Last 5 Years
In Pittsylvania County, Virginia, property crime rates have fluctuated significantly over the past five years. Noteworthy trends include a marked decline in burglary incidents from 2018 to 2020, followed by a rebound in 2022. Larceny-theft cases dropped dramatically between 2018 and 2021 but saw a slight uptick in 2022. Motor vehicle thefts showed a gradual increase, while vandalism incidents varied but saw a notable rise in recent years. These patterns could impact property values, insurance rates, and overall perceptions of community safety for potential investors and residents.
Demographics
The population of Pittsylvania County, Virginia, skews slightly female, with a nearly equal gender distribution. Educational attainment reveals a significant portion of the population holds a high school diploma or equivalent, with fewer residents reaching bachelor or graduate level degrees. Age distribution data indicates a substantial number of seniors, particularly those aged 55 to 64, suggesting possible future demands on healthcare and retirement services. Racial demographics show a... Read more
Race Distribution in Pittsylvania County, Virginia (2022)
Educational Attainment in Pittsylvania County, Virginia (2022)
Age Distribution in Pittsylvania County, Virginia
Citizen Population in Pittsylvania County, Virginia (2022)
Political Trends & Data
In Pittsylvania County, Virginia, the 2020 U.S. Presidential Election results seemingly indicate a strong Republican preference, with Republicans possibly capturing around 69% of the vote and Democrats close to 30%. This political leaning could inform local policy decisions and election strategies, suggesting a predominantly conservative voter base that may impact the area's legislative focus and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pittsylvania County, Virginia, the 2020 U.S. Presidential Election results may suggest a strong leaning towards the Republican party, capturing around 69% of the votes. Democrats potentially garnered close to 30%, while Libertarians and other parties collectively held a small fraction. This distribution could point to a predominantly conservative voter base in the area. Such trends might influence local policy-making and election strategies for future candidates aiming to represent this county.
69.39% of voters voted for the Republican party in the 2020 Presidential Election
29.55% of voters voted for the Democrat party in the 2020 Presidential Election
0.83% 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
In Pittsylvania County, Virginia, the student-to-teacher ratio has gradually decreased from nearly 15 students per teacher in 2014 to about 12 by 2023, which is below the current US national average of 14 students per teacher. This shift could appeal to families seeking quality education, hinting at potentially enhanced educational funding and policies. For real estate investors and developers, these trends are worth noting as they assess the area's long-term growth and stability. Real estate... Read more
Student-to-teacher ratio in Pittsylvania County, Virginia over the last 10 years
Pittsylvania County, Virginia has seen a gradual decrease in the student-to-teacher ratio over the past decade. Starting at nearly 15 students per teacher in 2014, the ratio has dipped to about 12 by 2023. This trend is noteworthy since it has brought the ratio well below the current US national average of 14 students per teacher. A lower student-to-teacher ratio can imply more personalized attention for students, which might attract families looking for quality education. It also signals potential changes in educational funding and policy, relevant for real estate investors and developers assessing the area's long-term growth and stability. Real estate agents could emphasize this trend when advocating for the county as a favorable location for young families.
