Roanoke County Real Estate and Livability Trends
Over the past nine years, Roanoke County, Virginia has seen a notable increase in average taxable income per tax return, climbing from $63,435.47 in 2013 to $87,466.58 in 2021. Median home values appreciated from $189,200 in 2015 to $245,800 in 2022, although still below the state average. The rise in residential energy tax credits, albeit inconsistent, suggests intermittent investments in... Read more
Roanoke County Market Trends
Roanoke County, Virginia has seen substantial growth in median home values, appreciating from $189,200 in 2015 to $245,800 in 2022, yet it still trails the state average. Residential energy tax credits have varied considerably, spiking in 2018 but averaging below $1,000 recently, hinting at inconsistent energy-efficient home investments. Real estate taxes have surged from roughly $2,670.77 in... Read more
Median Value of Occupied Housing Units in Roanoke County, Virginia Over the Last 8 Years
Over the past eight years, Roanoke County, Virginia, has seen a marked increase in median home values, rising from $189,200 in 2015 to $245,800 in 2022. This increase, while significant, remains more modest compared to Virginia's overall state trend, which surged from $245,000 to $339,800 in the same period. Nationally, the trend was more subdued, with median home values climbing from $125,500 to $179,400. For potential investors, this suggests that while Roanoke County offers growth, it may present a lower entry point compared to the state average, making it a potentially attractive market with less initial capital outlay.
Residential Energy Tax Credit Per Tax Return in Roanoke County, VA Over the Last 9 Years
The residential energy tax credit per tax return in Roanoke County, Virginia, has shown significant fluctuations over the last nine years. Notable spikes occurred in 2017, 2018, and 2021, with 2018 reaching a remarkable average of $2487.50. This suggests occasional but intense investment in energy-efficient upgrades by homeowners. Despite the peaks, the general trend appears to fluctuate, with recent years averaging below $1000. Anyone involved in real estate, property appraisal, or insurance in the area should be aware of these shifts, as they may indicate varying levels of investment in home energy efficiency, potentially affecting property values and market attractiveness.
Average Real Estate Taxes Per Tax Return in Roanoke County, VA Over the Last 10 Years
Roanoke County, Virginia, has seen a notable increase in average real estate taxes per tax return over the last decade, rising from approximately $2,670.77 in 2012 to roughly $4,055.33 in 2021. The most significant surge occurred between 2017 and 2018, jumping from $2,927.35 to about $3,676.31. This upward trend could impact future property valuations, influencing decisions for those looking to invest, appraise, insure, build, or sell real estate in the area. Potential homebuyers and real estate agents may want to consider these rising tax obligations when evaluating affordability and long-term costs.
Percentage of Farm Returns in Roanoke County, VA Over the Last 10 Years
Roanoke County, Virginia, has seen a slight but persistent decline in the percentage of farm tax returns over the past decade. Back in 2012, farm returns accounted for approximately 0.68% of the total returns, but by 2021, that figure had dipped to around 0.54%. This trend may suggest a gradual shift away from agricultural activities in the area. For potential investors or those considering building property, this could mean a move towards more diverse land use and possibly less reliance on farming as a primary income source.
Number of Mortgages by Occupancy Type in Roanoke County, VA Over the Last 5 Years in Roanoke County
Roanoke County, Virginia has seen fluctuating mortgage numbers by occupancy type over the last five years. The majority of mortgages were for principal residences, peaking in 2021. Investment property mortgages have shown less dramatic variation but generally increased until 2021, then slightly decreased. Mortgages for second residences remained relatively low throughout the period. These shifts in occupancy types can provide key insights for various stakeholders. For investors, a higher number of principal residences suggest a stable, robust market, while modest gains in investment property mortgages may indicate growth potential in rental and resale sectors. For appraisers and insurance agents, understanding these trends is critical for accurate property valuation and risk assessment. Similarly, builders and real estate agents might gauge demand for different property types, targeting development and sales strategies accordingly.
Economic Outlook
Over the past nine years, Roanoke County, Virginia has seen a rise in average taxable income per tax return, climbing from $63,435.47 in 2013 to $87,466.58 in 2021. This increase could hint at local economic growth, making it potentially attractive for investors and real estate professionals. The county also recorded a consistent hike in state and local income taxes per return, reflecting possible changes in financial conditions or tax policies. In tandem, the area's total tax liability... Read more
Average Taxable Income per Tax Return in Roanoke County, VA over the last 9 years
Roanoke County, Virginia saw a steady increase in average taxable income per tax return over the past nine years, with figures rising from $63,435.47 in 2013 to an impressive $87,466.58 in 2021. The notable spike in 2021 could suggest local economic growth or changes in the financial landscape, potentially making it an attractive spot for investors and real estate professionals. This trend might also impact property appraisals and insurance premiums, signaling a shift in the area's economic vitality.
Average State and Local Income Taxes Per Tax Return in Roanoke County, VA Over the Last 10 Years
Over the past decade, Roanoke County, Virginia has seen a consistent increase in the average state and local income taxes per tax return, from approximately $5,859.68 in 2012 to around $12,511.18 in 2021. Notably, there were significant jumps in 2018 and subsequent years, with 2019 and 2021 showing marked increases. These trends might suggest evolving economic conditions or changes in tax policies impacting residents. For potential investors, property developers, and real estate agents, this upward trend in income taxes could indicate a changing economic landscape, potentially reflecting growing incomes or shifts in local fiscal policies.
Average Total Tax Liability Per Tax Return in Roanoke County, VA Over the Last 10 Years
Roanoke County, Virginia, has seen a noticeable fluctuation in the average total tax liability per tax return over the past decade, with amounts generally rising but dipping occasionally. Particularly, 2021 exhibited a significant spike to $14,228.58. For those interested in property investments or providing financial services, this trend may signal an underlying economic shift, suggesting growing incomes or changes in tax regulations. Such insights could impact financial planning, property valuations, and even insurance premiums in the area.
Cost of Living in Roanoke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,549 | $1,464 | $1,609 | $1,707 | $1,531 |
| 1 adult 4 children | $1,549 | $1,195 | $1,228 | $1,707 | $1,692 |
| 2 adults 3 children | $1,549 | $1,196 | $1,397 | $1,707 | $1,299 |
| 1 adult 3 children | $1,549 | $976 | $1,016 | $1,707 | $1,461 |
| 2 adults 2 children | $1,129 | $979 | $1,185 | $1,486 | $1,018 |
| 1 adult 2 children | $1,129 | $731 | $804 | $1,486 | $1,056 |
| 2 adults 1 child | $1,129 | $774 | $974 | $769 | $903 |
| 1 adult 1 child | $1,129 | $500 | $593 | $769 | $792 |
| 2 adults | $916 | $622 | $762 | $0 | $688 |
| 1 adult | $825 | $339 | $381 | $0 | $595 |
Safety trends & Data
Roanoke County, Virginia, has experienced a notable decrease in Larceny-Theft, dropping from 548.00 cases in 2018 to 196.00 in 2022, signaling a potential boost in safety. The consistency in categories like Motor Vehicle Theft and Vandalism, along with a marked reduction in Embezzlement cases from 18.00 to 9.00, suggests a more secure environment for residents and business owners. These trends could make Roanoke County increasingly appealing for real estate investments and new business... Read more
Property Crime Trends in Roanoke County, VA Over the Last 5 Years
Roanoke County, Virginia, has seen a significant fluctuation in property crimes over the last five years. Key insights reveal that Larceny-Theft, while the most prevalent, has seen a decline from 548.00 cases in 2018 to 196.00 cases in 2022. Conversely, some other categories like Motor Vehicle Theft and Vandalism have shown more stability. The reduction in Embezzlement cases from 18.00 in 2018 to 9.00 by 2022 could be of interest to both business investors and insurance agents. Generally, the crime trends may hint toward improving overall safety, potentially making Roanoke County a more attractive area for real estate investments and new businesses.
Demographics
Roanoke County, Virginia shows a fairly balanced gender distribution, with a slight female majority. When it comes to educational attainment, the majority of residents have at least a high school diploma, with a significant portion holding a bachelor's degree or higher. The age distribution suggests a population with a substantial number of middle-aged adults, and a notable senior demographic. Racially, the county is predominantly White, though there is some diversity with smaller populations... Read more
Race Distribution in Roanoke County, Virginia (2022)
Educational Attainment in Roanoke County, Virginia (2022)
Age Distribution in Roanoke County, Virginia
Citizen Population in Roanoke County, Virginia (2022)
Political Trends & Data
Roanoke County, Virginia voting patterns in the 2020 U.S. Presidential Election leaned predominantly Republican, with the party capturing nearly 60% of the vote. Democrats secured around 38%, while Libertarians, Greens, and other parties collectively accounted for under 5%. These trends might hint at a broader conservative inclination among the county's... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Roanoke County, Virginia, voting patterns in the 2020 U.S. Presidential Election appeared to lean predominantly Republican, with this party securing nearly 60% of the vote. Democrats garnered around 38%, indicating a notable but distinct minority. Libertarians, Greens, and other parties collectively accounted for under 5%, suggesting a limited but present interest in alternative candidates. These trends could reflect a broader inclination towards conservative values among the county's electorate.
59.88% of voters voted for the Republican party in the 2020 Presidential Election
38.10% of voters voted for the Democrat party in the 2020 Presidential Election
1.59% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
Roanoke County, Virginia has experienced a gradual drop in its student-to-teacher ratio, decreasing from 14.57 to 13.98 over the past decade. With a current ratio slightly below the national average of 14, this trend suggests increased educational quality and makes the county more appealing to families considering relocation. Real estate agents and developers should leverage this data point, as it likely enhances the desirability and value of homes in Roanoke... Read more
Student-to-teacher ratio in Roanoke County, Virginia over the last 10 years
Roanoke County, Virginia has seen a gradual decline in its student-to-teacher ratio over the last decade, with a notable drop from 14.57 to 13.98 between 2014 and 2023. This trend suggests a possible increase in educational quality due to smaller class sizes, which can be more appealing for families considering relocation. With the current ratio slightly below the national average of 14 students per teacher, the county might attract both homebuyers and investors interested in areas with strong educational support. Real estate agents and property developers should take note of this trend when promoting the area, as it can significantly influence the desirability and value of homes in Roanoke County.
