Prince George County Real Estate and Livability Trends
Prince George County, Virginia has witnessed a significant rise in average taxable income, jumping from $56,192.90 in 2013 to $67,930.45 in 2021, perhaps indicating a stronger local economy. Interestingly, median home values have climbed steadily from $207,500 in 2015 to $252,300 in 2022, yet they're still trailing state and national averages. Notably, an increase in the residential energy tax... Read more
Prince George County Market Trends
Median home values in Prince George County, Virginia have seen a steady climb from $207,500 in 2015 to $252,300 in 2022, still lagging behind the state and national averages. The area’s growing investment in energy-efficient homes, reflected in the average residential energy tax credit which spiked from $733.33 in 2017 to $2638.46 in 2018, suggests a market leaning towards sustainability. Real... Read more
Median Value of Occupied Housing Units in Prince George County, Virginia Over the Last 8 Years
Over the past 8 years, the median home values in Prince George County, Virginia have increased from $207,500 in 2015 to $252,300 in 2022. This growth trend, while steady, lags behind the state of Virginia, where median values climbed from $245,000 to $339,800 during the same period, and contrasts the national median which rose from $125,500 to $179,400. Investors and potential homeowners might find Prince George County appealing due to its more moderate pricing, especially when compared to statewide and national averages.
Residential Energy Tax Credit Per Tax Return in Prince George County, VA Over the Last 9 Years
In Prince George County, Virginia, the average residential energy tax credit per tax return has exhibited substantial fluctuations over the last nine years. The tax credit saw a sharp increase from $733.33 in 2017 to a peak of $2638.46 in 2018, likely due to enhanced energy efficiency incentives or upgrades. Despite some variations, the average credit has generally stayed above $1300.00 in recent years, such as $1959.38 in 2020. These trends potentially signal a robust investment in energy-efficient home improvements, making this region attractive for those looking into sustainable living, property development, and real estate investments.
Average Real Estate Taxes Per Tax Return in Prince George County, VA Over the Last 10 Years
In Prince George County, Virginia, the average real estate taxes per tax return have shown a general upward trend over the past decade. Starting at approximately $2,051.43 in 2012, these taxes have consistently increased, reaching about $2,903.33 in 2021. Noteworthy is the jump observed between 2017 and 2018, where the average tax surged from $2,354.99 to $2,710.71, potentially indicating a re-assessment period or significant changes in property values. This steady rise in real estate taxes might be indicative of growing property values or escalating county expenditures, something potential investors, homebuyers, appraisers, and real estate professionals should closely examine when considering properties in this area.
Percentage of Farm Returns in Prince George County, VA Over the Last 10 Years
Over the past decade in Prince George County, Virginia, the percentage of farm tax returns has shown a slight downward trend. In 2012, the figures hovered around 0.80%, peaking to approximately 0.85% in 2014 before gradually decreasing to about 0.67% by 2021. Farm tax returns provide crucial insights into the scale and performance of the agricultural sector in the county. This data could indicate shifts in local farming activities or changes in economic conditions affecting agriculture, vital for investors, property developers, and residents evaluating the area's growth potential and economic health.
Number of Mortgages by Occupancy Type in Prince George County, VA Over the Last 5 Years in Prince George County
Mortgages in Prince George County, Virginia show a dominant prevalence of loans for principal residences, with noticeable peaks in 2021. Investment properties have seen a steady but smaller share, and second residences are minimal. For investors, the consistent yet lower number of investment property mortgages suggests cautious optimism for rental market opportunities. Appraisers and insurance agents might find the stable primary residence figures indicative of a robust, family-oriented community that can influence property values and risk assessments. Builders and real estate agents could leverage the demand trends to tailor their offerings, aligning with the region’s occupancy patterns.
Economic Outlook
Prince George County, Virginia has experienced a notable increase in average taxable income per tax return, rising from $56,192.90 in 2013 to $67,930.45 in 2021. This upward trend, especially marked from 2017 onwards, might hint at a strengthening local economy. Additionally, average state and local income taxes have similarly climbed from $4,467.42 in 2012 to $6,674.02 by 2021, signaling a changing fiscal environment that could impact budgeting for both residents and investors. Moreover, the... Read more
Average Taxable Income per Tax Return in Prince George County, VA over the last 9 years
Prince George County, Virginia has seen a generally upward trend in average taxable income per tax return over the past nine years, climbing from $56,192.90 in 2013 to $67,930.45 in 2021. The increases, particularly significant from 2017 onwards, suggest a strengthening local economy which may interest potential investors and real estate agents looking for market opportunities. Additionally, this economic upturn could be a factor for individuals considering relocation, appraisers evaluating property value trends, and insurance agents assessing risk and premium adjustments.
Average State and Local Income Taxes Per Tax Return in Prince George County, VA Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Prince George County, Virginia, show a steady upward trend. Starting at around $4,467.42 in 2012, this figure has progressively climbed to $6,674.02 by 2021, indicating an evolving fiscal landscape that might affect budgeting for new residents and investors alike. This rising tax burden could be a key consideration for real estate agents, insurance agents, appraisers, and those looking to build or buy property in this area.
Average Total Tax Liability Per Tax Return in Prince George County, VA Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Prince George County, Virginia has shown a steady upward trend, rising from approximately $7,287.67 in 2012 to around $8,663.73 by 2021. Notably, there was a slight dip in 2018, but the overall trajectory suggests increased tax liabilities, possibly reflecting economic growth or rising property values in the area. For potential investors, property developers, or real estate agents, this trend could signal a flourishing local economy, while insurance agents and appraisers might see it as an indicator of increased wealth and property values.
Cost of Living in Prince George County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,995 | $1,488 | $1,603 | $1,470 | $1,777 |
| 1 adult 4 children | $1,995 | $1,215 | $1,223 | $1,470 | $1,953 |
| 2 adults 3 children | $1,995 | $1,216 | $1,392 | $1,470 | $1,530 |
| 1 adult 3 children | $1,995 | $992 | $1,012 | $1,470 | $1,684 |
| 2 adults 2 children | $1,543 | $995 | $1,181 | $1,281 | $1,170 |
| 1 adult 2 children | $1,543 | $743 | $801 | $1,281 | $1,270 |
| 2 adults 1 child | $1,543 | $786 | $970 | $666 | $1,068 |
| 1 adult 1 child | $1,543 | $508 | $591 | $666 | $1,012 |
| 2 adults | $1,367 | $632 | $759 | $0 | $904 |
| 1 adult | $1,336 | $345 | $380 | $0 | $848 |
Safety trends & Data
Property crime in Prince George County, Virginia shows mixed trends over the past five years, with larceny-theft peaking at 84.00 cases in 2022 and staying between 50.00 and 60.00 cases in other years. Vandalism and fraud have variable rates, with rises in 2020 and 2022. Motor vehicle theft became a more significant issue starting in 2020, hitting 12.00 incidents in 2021. Arson, while less frequent, increased slightly from 1.00 case in 2019 to 3.00 in 2022. Potential investors, residents, real... Read more
Property Crime Trends in Prince George County, VA Over the Last 5 Years
Property crime in Prince George County, Virginia has experienced fluctuations over the past five years, pointing to a mixed trend in safety and security. Larceny-theft remains the most cited incident, peaking at 84.00 cases in 2022 while seeing a steady presence with 50.00 to 60.00 cases in previous years. Vandalism and fraud also show some variability, with notable increases in 2020 and 2022. Motor vehicle theft, which emerged as a significant concern starting 2020, spiked at 12.00 incidents in 2021. Arson, though less frequent, saw a slight rise from 1.00 incident in 2019 to 3.00 in 2022. This data matters for potential investors, residents, real estate professionals, and insurance agents evaluating the evolving risk and safety landscape of the area.
Demographics
Prince George County, Virginia, shows a noticeable gender imbalance with a higher male population. The educational attainment suggests a significant portion has completed high school or attended college, though there's a smaller representation of residents with advanced degrees. Age distribution highlights a larger demographic in the 25 to 34 age range, potentially indicating a young workforce presence. The racial composition is predominantly White, with Black or African American residents also... Read more
Race Distribution in Prince George County, Virginia (2022)
Educational Attainment in Prince George County, Virginia (2022)
Age Distribution in Prince George County, Virginia
Citizen Population in Prince George County, Virginia (2022)
Political Trends & Data
Prince George County, Virginia, saw Republicans gaining roughly 58% of the recent presidential election votes, with Democrats likely around 41%. Libertarians appeared to hold about 1%, and other parties showed minimal influence. This Republican leaning might shape the local political landscape and affect future real estate market trends by potentially driving policy decisions related to development and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Prince George County, Virginia, Republicans appeared to garner a majority with around 58% of the vote, while Democrats likely secured roughly 41%. Libertarians seemed to trail with about 1%, and other parties barely registered any presence. These trends suggest a predominantly Republican leaning in recent elections, potentially influencing future local and state political dynamics.
57.93% of voters voted for the Republican party in the 2020 Presidential Election
40.73% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% 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 Prince George County, Virginia, the student-to-teacher ratio has decreased from 17 in 2014 to 14 in 2023. This could signal better educational outcomes and more individualized attention for students. Such a trend might make the county more appealing for families considering a move or investors looking at property desirability, especially since it reaches the national average ratio, potentially indicating an improving quality of... Read more
Student-to-teacher ratio in Prince George County, Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Prince George County, Virginia has seen a gradual decrease, dropping from 17 students per teacher in 2014 to 14 in 2023. This trend is noteworthy for potential investors, parents, and educators because it often correlates with more individualized attention for students and potentially better educational outcomes. For those considering moving to the area or investing in property, such a shift might suggest an improving quality of life and educational environment, making the county more appealing compared to areas where ratios are higher than the national average of 14 students per teacher. Real estate agents and insurance agents might also find this information useful when assessing the desirability of the region.
