Prince William County Real Estate and Livability Trends
Prince William County, Virginia, has seen a robust rise in median home values from $333,100.00 in 2015 to $472,000.00 in 2022, suggesting strong potential for property appreciation. The gradual rise in average taxable income per tax return from $73,643.16 in 2013 to $90,733.22 in 2021 hints at a strengthening local economy, while increasing real estate taxes reflect broader economic shifts... Read more
Prince William County Market Trends
Prince William County, Virginia, has experienced a robust rise in median home values from $333,100 in 2015 to $472,000 in 2022, outpacing both state and national trends. This suggests strong potential for property appreciation. Residential Energy Tax Credits per tax return have fluctuated, peaking at $2,452.88 in 2018 before stabilizing, indicating varied investment in energy-efficient home... Read more
Median Value of Occupied Housing Units in Prince William County, Virginia Over the Last 8 Years
Prices in Prince William County, Virginia have seen a steady increase over the past eight years, with median home values jumping from $333,100 in 2015 to $472,000 in 2022. This growth rate seems to outpace both the state-level trends in Virginia, where the median rose from $245,000 to $339,800, and national figures, which climbed from $125,500 to $179,400 over the same period. For investors and homebuyers, these diverging trends suggest that Prince William County may offer a stronger potential for property appreciation compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Prince William County, VA Over the Last 9 Years
Over the past nine years, the average Residential Energy Tax Credit per tax return in Prince William County, Virginia, has shown notable fluctuations. Starting at approximately $334.66 in 2013, the credit saw a steady increase until 2017, peaking dramatically in 2018 at $2,452.88 before stabilizing in more recent years around the $1,029.90 to $1,378.75 range. This trend suggests a growing but variable investment in energy-efficient home improvements, potentially driven by changes in local incentives or resident awareness. Such fluctuations could be important for investors, real estate agents, and developers when considering the appeal of energy-efficient properties in the area.
Average Real Estate Taxes Per Tax Return in Prince William County, VA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Prince William County, Virginia, have shown a general upward trajectory. Beginning at approximately $4,000.41 in 2012, the average tax amount has seen consistent increases, culminating at around $5,802.63 in 2021. Significant jumps are noticeable in years like 2018 and 2021. This trend is important for investors, homeowners, appraisers, insurance agents, builders, and real estate agents, as rising real estate taxes often reflect broader economic changes, shifts in property values, and potential impacts on insurance premiums and investment returns in the area.
Percentage of Farm Returns in Prince William County, VA Over the Last 10 Years
The trends in Prince William County, Virginia, over the last decade show fluctuations in the percentage of farm tax returns, with a slight overall decline from 0.19% in 2012 to 0.14% in 2021. Farm tax returns represent the filings from agricultural entities, indicating the health and activity of the farming sector. For potential investors, this gradual reduction could suggest shifting economic priorities or developmental pressures in the county. Aspiring property developers, homebuyers, or residents may see these numbers as indicative of a transition from agricultural land use to more residential or commercial applications, which could impact land value and future zoning considerations.
Number of Mortgages by Occupancy Type in Prince William County, VA Over the Last 5 Years in Prince William County
Occupancy type distribution of mortgages in Prince William County, Virginia indicates a strong prevalence of principal residence mortgages, with numbers peaking in 2020 and showing a notable decline by 2022. Investment property mortgages have fluctuated significantly, with an interesting surge in 2021, while second residence mortgages remain modest in comparison but have consistently low counts. These shifts are critical for investors, real estate agents, and builders as they suggest changes in housing demand and investment behaviors over time, potentially influencing property values, rental markets, and insurance considerations.
Economic Outlook
Prince William County, Virginia, has seen a steady rise in average taxable income per tax return from $73,643.16 in 2013 to $90,733.22 in 2021, hinting at a strengthening local economy. The gradual increase in average state and local income taxes, from $5,849.82 in 2012 to $8,436.17 in 2021, suggests an expanding economic base. Average total tax liability has also climbed, from $11,255.94 in 2012 to $14,418.45 in 2021, potentially signaling rising property values. The county's poverty rate has... Read more
Average Taxable Income per Tax Return in Prince William County, VA over the last 9 years
Prince William County, Virginia, has seen a steady increase in average taxable income per tax return over the past nine years, rising from approximately $73,643.16 in 2013 to roughly $90,733.22 in 2021. This trend may indicate a growing local economy and could be attractive for potential investors and real estate agents considering the area. For those building property or appraising homes, this upward trajectory can suggest increased property values and demand over the long term. The consistent improvement also offers appealing prospects for insurance agents assessing risk and coverage levels.
Average State and Local Income Taxes Per Tax Return in Prince William County, VA Over the Last 10 Years
Average state and local income taxes per tax return in Prince William County, Virginia have shown a gradual increase over the past decade, starting at $5,849.82 in 2012 and reaching $8,436.17 in 2021. This consistent rise might suggest an expanding economic base or demographic shifts influencing tax policies. Those considering investments, property developments, or relocation to the area should be aware that the region is potentially seeing a higher-than-average tax burden. This trend can also impact real estate market valuations and insurance considerations, where higher taxes might correlate with higher demand for public services or infrastructure.
Average Total Tax Liability Per Tax Return in Prince William County, VA Over the Last 10 Years
Prince William County, Virginia, has seen a noticeable upward trend in its average total tax liability per tax return over the last decade. Starting at approximately $11,255.94 in 2012, it climbed steadily to about $12,498.24 by 2017, with a significant jump to $14,418.45 in 2021. This consistent increase may highlight economic growth and potentially rising property values, making it an area of interest for investors, appraisers, and real estate agents. However, the escalating tax liability should be considered by prospective homeowners and builders when planning their financial commitments.
Cost of Living in Prince William County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,323 | $1,645 | $1,492 | $2,681 | $2,410 |
| 1 adult 4 children | $2,323 | $1,343 | $1,137 | $2,681 | $2,530 |
| 2 adults 3 children | $2,323 | $1,344 | $1,296 | $2,681 | $2,161 |
| 1 adult 3 children | $2,323 | $1,097 | $941 | $2,681 | $2,337 |
| 2 adults 2 children | $1,857 | $1,100 | $1,100 | $2,357 | $1,743 |
| 1 adult 2 children | $1,857 | $822 | $746 | $2,357 | $1,862 |
| 2 adults 1 child | $1,857 | $869 | $904 | $1,307 | $1,336 |
| 1 adult 1 child | $1,857 | $562 | $550 | $1,307 | $1,397 |
| 2 adults | $1,632 | $698 | $709 | $0 | $988 |
| 1 adult | $1,606 | $381 | $354 | $0 | $973 |
Safety trends & Data
Prince William County, Virginia, has experienced varying property crime trends over the past five years. Larceny-Theft peaked at 895.00 cases in 2019, decreased, and then rose again to 880.00 in 2022. Fraud saw a significant increase in 2021, with 349.00 cases compared to 233.00 in 2019. Burglary numbers remained stable, while Motor Vehicle Theft dropped from 66.00 in 2018 to 28.00 in 2022. Slight variations were noted in Vandalism and Arson. These trends are important for those evaluating... Read more
Property Crime Trends in Prince William County, VA Over the Last 5 Years
Prince William County, Virginia has seen fluctuating trends in property crimes over the past five years. Notably, Larceny - Theft consistently reported high numbers, peaking at 895.00 in 2019 before dipping and then rising again in 2022 to 880.00. Fraud experienced a significant jump in 2021 with 349.00 compared to 233.00 in 2019. While burglary numbers remained relatively stable, the county saw a decrease in Motor Vehicle Theft, falling from 66.00 in 2018 to 28.00 in 2022. Vandalism and Arson showed slight variations year on year without any drastic changes. These metrics provide valuable context for those assessing investment risks, property insurance, and real estate market dynamics in the region.
Demographics
Prince William County, Virginia, exhibits a nearly even gender split among its adult population. The age distribution suggests a substantial proportion of residents are either under 10 years old or between 35 and 44 years old. Educational attainment shows a considerable number possess a bachelor's degree, while high school graduates also form a significant segment. Racially, the county is predominantly White, but includes notable Black or African American and Asian populations. The trend... Read more
Race Distribution in Prince William County, Virginia (2022)
Educational Attainment in Prince William County, Virginia (2022)
Age Distribution in Prince William County, Virginia
Citizen Population in Prince William County, Virginia (2022)
Political Trends & Data
Prince William County, Virginia, leaned considerably Democratic in the 2020 U.S. Presidential Election, with Democrats possibly securing about 62.6% of the vote. Republicans may have received roughly 35.6%, and minor parties likely had marginal impact. This trend suggests Prince William could be a crucial area for Democratic campaigns in future elections, given their significant edge over... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Prince William County in Virginia seemed to exhibit a strong Democratic leaning during the 2020 U.S. Presidential Election, with Democrats potentially securing around 62.6% of the vote. Republicans may have garnered approximately 35.6%, while other parties like the Libertarians and smaller fringe parties possibly received only minor support. This indicates a trend where Prince William County could be a key area of focus for Democratic campaigns in future elections, considering the significant edge over their Republican counterparts.
35.58% of voters voted for the Republican party in the 2020 Presidential Election
62.59% of voters voted for the Democrat party in the 2020 Presidential Election
1.42% of voters voted for the Livertarian party in the 2020 Presidential Election
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Prince William County, Virginia, has seen its student-to-teacher ratio decline from 17 students per teacher in 2014 to just over 15 in 2023. While still higher than the national average of 14, this trend may indicate improving classroom dynamics and student attention. Such changes might make the area more appealing for families, educators, and investors, potentially influencing property values and community... Read more
Student-to-teacher ratio in Prince William County, Virginia over the last 10 years
Over the last decade, Prince William County, Virginia has seen a steady decline in its student-to-teacher ratio, dropping from 17 students per teacher in 2014 to just over 15 in 2023. While still higher than the national average of 14 students per teacher, this trend might suggest a gradual improvement in classroom dynamics and student attention. Investors, educators, and families may find these shifts indicative of the county’s commitment to enhancing educational outcomes, potentially making it a more attractive area for both living and working. Moreover, real estate agents and appraisers might consider this an appealing factor when evaluating property values and community growth.
