Poquoson city Real Estate and Livability Trends
Poquoson City, Virginia has witnessed a substantial rise in median home values from $307,800 in 2015 to $406,700 in 2022, outstripping both national and state figures and highlighting robust property appreciation. Increasing residential energy tax credits, peaking at about $1,742.86 in 2021, suggest a growing trend toward energy-efficient homes. Real estate taxes have also climbed steadily,... Read more
Poquoson city Market Trends
Poquoson City, Virginia has seen impressive growth in median home values, jumping from $307,800 in 2015 to $406,700 in 2022, significantly outpacing both national and state averages. Residential energy tax credits per tax return have also fluctuated, peaking at approximately $1,742.86 in 2021, indicating increased investment in energy-efficient homes. Real estate taxes have risen steadily, from... Read more
Median Value of Occupied Housing Units in Poquoson city, Virginia Over the Last 8 Years
Over the past eight years, Poquoson City, Virginia has experienced a steady climb in median home values, jumping from $307,800 in 2015 to $406,700 in 2022. This trajectory outpaces both the national median, which rose from $125,500 to $179,400, and the Virginia state median, which increased from $245,000 to $339,800 during the same period. This marked appreciation suggests a robust housing market, making Poquoson intriguing for potential investors and homebuyers seeking growth compared to broader benchmarks.
Residential Energy Tax Credit Per Tax Return in Poquoson city, VA Over the Last 8 Years
In Poquoson city, Virginia, there's been quite a fluctuation in residential energy tax credits per tax return over the past eight years. From a low of around $238.46 in 2014 to a notable high of approximately $1,742.86 in 2021, the trend generally indicates a growing incentive for energy-efficient investments in residential properties. For potential investors or real estate agents, this potentially signifies increasing homeowner interest in sustainable living improvements, which could be a draw for eco-conscious buyers. Appraisers and insurance agents may also want to note these trends as they could impact property values and insurance premiums related to energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Poquoson city, VA Over the Last 10 Years
Over the past decade, Poquoson city, Virginia, has seen a steady increase in average real estate taxes per tax return, jumping from about $3,579.15 in 2012 to roughly $6,132.53 by 2021. This upward trend might signal a growing property market and possibly rising property values. For investors, this could suggest an opportunity for property appreciation, while those looking to move may want to consider the impact of higher taxes. Appraisers and insurance agents should note the trend as it could influence property valuations and premiums. Real estate agents might leverage this data to illustrate market growth, and current residents should anticipate the potential for escalating property-related expenses.
Number of Mortgages by Occupancy Type in Poquoson city, VA Over the Last 5 Years in Poquoson city
Over the past five years, Poquoson city, Virginia has seen a notable fluctuation in mortgage counts, particularly in principal residences which surged in 2020 with 1,434 mortgages, likely influenced by unique economic conditions of the time. Investment properties and second residences, although much lower in volume, also exhibit slight variances, hinting at changing investment strategies and market demands. These shifts matter because they can influence property values, insurance rates, and availability for new developments, providing critical insights for investors, real estate agents, and individuals considering a move to the area. Consistent dominance of principal residences suggests a stable, resident-focused community, but rising interest in investment properties could signal growing economic opportunities.
Economic Outlook
In Poquoson City, Virginia, average taxable income per tax return has steadily climbed from roughly $78,560.50 in 2013 to about $105,309.38 in 2021, hinting at a strong local economy and potentially lucrative investment opportunities. Meanwhile, state and local income taxes have risen from around $6,463.86 in 2012 to approximately $10,419.75 in 2021, reflecting broader economic growth but also signaling higher living costs. Additionally, the average total tax liability per tax return surged... Read more
Average Taxable Income per Tax Return in Poquoson city, VA over the last 9 years
Over the past nine years, Poquoson city, Virginia, has shown a steady increase in average taxable income per tax return, climbing from approximately $78,560.50 in 2013 to around $105,309.38 in 2021. This upward trend could be indicative of a burgeoning local economy and potentially more lucrative investment opportunities. The consistent growth in taxable income might attract real estate investors and property developers, while also suggesting a stable financial outlook for new residents considering moving to the area. For appraisers and insurance agents, this trend may hint at increasing property values and a stronger market.
Average State and Local Income Taxes Per Tax Return in Poquoson city, VA Over the Last 10 Years
Over the past decade, Poquoson City, Virginia has seen a noticeable upward trend in average state and local income taxes per tax return, increasing from around $6,463.86 in 2012 to approximately $10,419.75 in 2021. This steady rise may reflect broader economic growth and increased incomes in the area, making it a potentially attractive spot for investors and real estate developers. However, higher tax burdens might also be a consideration for potential movers and current residents when evaluating overall living costs.
Average Total Tax Liability Per Tax Return in Poquoson city, VA Over the Last 10 Years
In Poquoson city, Virginia, the average total tax liability per tax return has seen a significant increase over the last decade, jumping from approximately $12,923.01 in 2012 to around $17,131.05 in 2021. This upward trend could suggest rising incomes or property values, making the area potentially attractive for real estate investors and developers. However, the increasing tax liability may also be a factor that insurance agents and appraisers need to consider when evaluating the financial landscape for potential clients. The relatively steady growth in tax burden highlights both economic opportunities and considerations for those thinking about moving to or doing business in Poquoson city.
Cost of Living in Poquoson city
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,196 | $1,464 | $1,664 | $1,943 | $2,070 |
| 1 adult 4 children | $2,196 | $1,195 | $1,270 | $1,943 | $2,202 |
| 2 adults 3 children | $2,196 | $1,196 | $1,445 | $1,943 | $1,791 |
| 1 adult 3 children | $2,196 | $976 | $1,051 | $1,943 | $1,982 |
| 2 adults 2 children | $1,572 | $979 | $1,225 | $1,691 | $1,323 |
| 1 adult 2 children | $1,572 | $731 | $832 | $1,691 | $1,433 |
| 2 adults 1 child | $1,572 | $774 | $1,006 | $871 | $1,124 |
| 1 adult 1 child | $1,572 | $500 | $613 | $871 | $1,086 |
| 2 adults | $1,345 | $622 | $787 | $0 | $886 |
| 1 adult | $1,320 | $339 | $394 | $0 | $805 |
Safety trends & Data
Poquoson, Virginia has seen significant shifts in property crime trends over the past five years. While burglary and larceny-theft incidents seem to be on the decline, fraud and vandalism remain consistent issues. Motor vehicle thefts are dropping, pointing to potentially better security, even as occasional spikes in arson and embezzlement emerge. These trends might catch the eye of investors, real estate agents, and residents looking for a safer, more stable... Read more
Property Crime Trends in Poquoson city, VA Over the Last 5 Years
Poquoson, Virginia has experienced noteworthy fluctuations in property crime over the past five years. While there has been a general decrease in burglary and larceny-theft incidents, fraud and vandalism incidents show consistent occurrences. The overall reduction in motor vehicle thefts reflects a potentially improving security landscape, though sporadic rises in specific categories like arson and embezzlement still warrant attention. This trend could appeal to potential investors, real estate agents, and residents interested in a relatively stable and improving safety environment.
Demographics
Poquoson city, Virginia, has a relatively balanced adult population with males slightly outnumbering females. The city's residents illustrate a strong commitment to education, with a significant number of high school graduates and individuals holding bachelor's and graduate degrees. Age distribution suggests a mature population, with the majority falling between 35 and 64 years. The racial composition is predominantly White, with minimal representation from other racial... Read more
Race Distribution in Poquoson city, Virginia (2022)
Educational Attainment in Poquoson city, Virginia (2022)
Age Distribution in Poquoson city, Virginia
Citizen Population in Poquoson city, Virginia (2022)
Political Trends & Data
Poquoson City in Virginia showed a strong Republican preference in the 2020 U.S. Presidential Election, as about 71.3% of voters chose the Republican candidate. About 26.1% voted for the Democratic candidate, and roughly 2% backed the Libertarian contender. This heavy conservative lean might point toward a community that favors traditional policies, yet elections can be swayed by various... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Poquoson City in Virginia leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 71.3% of voters casting their ballots for the Republican candidate. The Democratic candidate garnered around 26.1% of the vote, while the Libertarian candidate received about 2%. The remaining votes were negligible, potentially indicating minimal support for smaller parties or independent candidates. Such voting patterns could suggest that Poquoson City tends to favor conservative policies, although it's worth noting that elections can be influenced by multiple factors.
71.34% of voters voted for the Republican party in the 2020 Presidential Election
26.14% of voters voted for the Democrat party in the 2020 Presidential Election
2.04% of voters voted for the Livertarian party in the 2020 Presidential Election
0.48% of voters voted for the Other party in the 2020 Presidential Election
School Data
Poquoson City, Virginia's student-to-teacher ratio has recently jumped to nearly eighteen students per teacher in 2023, a notable rise from the national average of around fourteen. This uptick might signal a need for expanded educational infrastructure, which could impact resource allocation and classroom quality. For potential residents and real estate investors, these educational metrics are worth considering when evaluating property values and neighborhood... Read more
Student-to-teacher ratio in Poquoson City, Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Poquoson City, Virginia has generally fluctuated around the national average of fourteen students per teacher, but a notable increase to nearly eighteen students per teacher in 2023 may draw attention. Changes in occupancy type, such as this increase, can significantly impact resource allocation in schools, the quality of individual student attention, and overall educational outcomes. For investors, this trend could indicate a shifting demand for educational infrastructure. Potential residents might weigh this metric when considering the potential for crowded classrooms and its effects on education quality. Real estate agents and appraisers should factor in these educational statistics to more accurately assess property values and neighborhood desirability.
