Rockbridge County Real Estate and Livability Trends
Rockbridge County, Virginia, has seen a significant rise in average taxable income per tax return, from about $50,587.04 in 2013 to roughly $72,669.44 by 2021, suggesting robust economic growth that's possibly attracting investors and real estate developers. Median home values have also climbed, reaching $232,100 in 2022, which is more affordable than Virginia's median but above the national... Read more
Rockbridge County Market Trends
Rockbridge County's median home values have climbed steadily, peaking at $232,100 in 2022, remaining well below Virginia's median but above the national average, suggesting more affordable entry points for investors compared to other areas in the state. Notable fluctuations in residential energy tax credits, peaking at $2,700.00 in 2021, indicate growing investments in energy-efficient home... Read more
Median Value of Occupied Housing Units in Rockbridge County, Virginia Over the Last 8 Years
Rockbridge County's median home values have experienced a steady climb over the past eight years, peaking at $232,100 in 2022. This rate of increase still lags behind the statewide figures for Virginia, where the median value hit $339,800 the same year, but remains comfortably above the national median of $179,400. For prospective buyers or investors, this suggests that while Rockbridge County homes are appreciating, they may offer a more affordable entry point compared to other parts of Virginia, especially with the rapid statewide increases.
Residential Energy Tax Credit Per Tax Return in Rockbridge County, VA Over the Last 9 Years
Rockbridge County, Virginia has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. Starting at around $378.95 in 2013, the average credit amount saw notable increases, peaking dramatically in 2016 at $1,472.22 and continuing to rise, reaching $2,700.00 in 2021. This trend suggests growing investments in energy-efficient home improvements, which could be a positive indicator for real estate developers, potential homebuyers, and local insurers, signaling an increase in property value and energy cost savings. Real estate agents may want to highlight these trends when marketing properties in the area.
Average Real Estate Taxes Per Tax Return in Rockbridge County, VA Over the Last 10 Years
Rockbridge County, Virginia has seen a notable rise in average real estate taxes per tax return over the past decade, almost doubling from $2,110.55 in 2012 to $3,673.77 in 2021. This steady increase, especially the sharp uptick between 2016 and 2019, suggests rising property values or tax rates, which could impact homeowners and potential buyers. For investors and real estate agents, it's crucial to consider this upward trend as it can affect property appraisals and investment returns. Similarly, insurance agents might want to adjust policies to reflect the changing valuations in the area.
Percentage of Farm Returns in Rockbridge County, VA Over the Last 10 Years
Farm tax returns in Rockbridge County, Virginia, have shown a modest yet somewhat fluctuating trend over the past decade. The percentage of farm returns has typically hovered around 6%, with slight declines observed in certain years. For instance, 2019 and 2020 saw a bit of a dip with values around 5.34% and 5.45%, respectively, before stabilizing at approximately 5.36% in 2021. This stability in the percentage of farm returns could imply a consistent engagement in agricultural activities in the region, which may be a critical factor for those looking to invest in agricultural ventures, move to rural areas, or build properties that support farm-related endeavors.
Number of Mortgages by Occupancy Type in Rockbridge County, VA Over the Last 5 Years in Rockbridge County
Recent data on number of mortgages in Rockbridge County, Virginia reveals varying trends by occupancy type over the past five years. An uptick in principal residence mortgages in 2021, peaking at 1268, indicates a possible shift towards homeownership, while investment properties had relatively stable but minor fluctuations, with a peak in 2021 at 43. Second residences saw modest activity throughout, though the dip in 2022 to 36 suggests changing buyer preferences. For investors or homeowners, such trends may imply evolving opportunities or challenges in property value and demand, while appraisers and insurance agents should consider these fluctuations for accurate property assessments and risk analysis.
Economic Outlook
Rockbridge County, Virginia, has experienced a noteworthy rise in average taxable income per tax return, climbing from around $50,587.04 in 2013 to approximately $72,669.44 by 2021. This upward trajectory may indicate a robust local economy, potentially attracting investors and real estate developers. Simultaneously, average state and local income taxes per tax return have more than doubled, suggesting rising incomes or economic growth. The total tax liability per tax return increased from... Read more
Average Taxable Income per Tax Return in Rockbridge County, VA over the last 9 years
Rockbridge County, Virginia, has seen a steady rise in average taxable income per tax return over the last nine years, increasing from approximately $50,587.04 in 2013 to around $72,669.44 by 2021. For potential investors and real estate agents, this upward trend might signal a growing and economically prosperous community. For appraisers and insurance agents, these figures might suggest increasing property values and a customer base with higher disposable incomes. If you're considering building property or moving to the area, this trend potentially indicates a robust and expanding local economy.
Average State and Local Income Taxes Per Tax Return in Rockbridge County, VA Over the Last 10 Years
Rockbridge County, Virginia has seen a significant upward trend in average state and local income taxes per tax return over the last decade. Starting at approximately $5,112.24 in 2012, the amount has climbed sharply, hitting $13,343.94 by 2021. This could potentially reflect rising incomes, economic growth, or changes in local tax rates, all of which are crucial considerations for investors, property developers, and real estate professionals looking to understand the financial landscape of the county. This growth also may impact home valuations, insurance premiums, and the overall cost of living for current and prospective residents.
Average Total Tax Liability Per Tax Return in Rockbridge County, VA Over the Last 10 Years
Over the last decade, Rockbridge County, Virginia has seen a notable rise in the average total tax liability per tax return. The liability has increased from approximately $7,335.39 in 2012 to roughly $11,051.71 in 2021. This upward trend could be significant for potential investors or property developers, signaling possible economic growth and increased earning potential in the area. Appraisers and insurance agents might find this data useful for market assessments, while real estate agents can leverage this information to target buyers or renters looking for thriving communities.
Cost of Living in Rockbridge County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,110 | $1,383 | $1,512 | $1,478 | $1,192 |
| 1 adult 4 children | $1,110 | $1,130 | $1,154 | $1,478 | $1,337 |
| 2 adults 3 children | $1,110 | $1,130 | $1,313 | $1,478 | $983 |
| 1 adult 3 children | $1,110 | $923 | $955 | $1,478 | $1,111 |
| 2 adults 2 children | $786 | $925 | $1,114 | $1,281 | $827 |
| 1 adult 2 children | $786 | $691 | $756 | $1,281 | $785 |
| 2 adults 1 child | $786 | $731 | $915 | $641 | $722 |
| 1 adult 1 child | $786 | $472 | $557 | $641 | $642 |
| 2 adults | $696 | $587 | $716 | $0 | $612 |
| 1 adult | $583 | $320 | $358 | $0 | $524 |
Safety trends & Data
Property crime trends in Rockbridge County, Virginia, reveal some interesting dynamics. Larceny-theft, although peaking at 87 arrests in 2019, has been on a general decline, hitting 72 arrests in 2022. Meanwhile, fraud arrests have climbed significantly, reaching 34 in 2022. Motor vehicle thefts spiked in 2021 with 11 arrests but slightly dropped to 9 in 2022. Vandalism has remained relatively consistent, though it saw a noticeable uptick in 2021 with 24 arrests. This detailed crime data... Read more
Property Crime Trends in Rockbridge County, VA Over the Last 5 Years
Rockbridge County, Virginia has seen varying trends in property crimes over the past five years. Notably, larceny-theft peaked in 2019 with 87 arrests but has shown a general decline, reaching 72 arrests by 2022. Fraud, however, increased steadily, with a significant jump to 34 arrests in 2022. Motor vehicle thefts were relatively low until 2021, where they spiked to 11, before slightly dropping to 9 in 2022. Vandalism appears consistent but exhibited a marked increase in 2021 with 24 arrests. This nuanced crime data is essential for potential investors, insurers, appraisers, and residents to understand the evolving safety landscape in Rockbridge County.
Demographics
In Rockbridge County, Virginia, the gender distribution is fairly balanced, with males and females each comprising around half of the adult population. Educational attainment varies, with a significant number having completed high school, though fewer residents hold a bachelor's or graduate degree. Age-wise, the county has a considerable number of residents in the older age brackets, particularly those aged 55 to 64 years. Racially, the population is predominantly White, with minority groups... Read more
Race Distribution in Rockbridge County, Virginia (2022)
Educational Attainment in Rockbridge County, Virginia (2022)
Age Distribution in Rockbridge County, Virginia
Citizen Population in Rockbridge County, Virginia (2022)
Political Trends & Data
Rockbridge County, Virginia, exhibited a pronounced preference for the Republican Party in the 2020 U.S. Presidential Election, with Republicans securing about 65% of the vote. The Democrats, while significant, only captured around 33%, highlighting a considerably smaller voter base. Minor parties, including Libertarians, contributed minimally to the overall vote percentage. Such political leanings could offer insights into the county’s broader political trends and potential election... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rockbridge County, Virginia, the 2020 U.S. Presidential Election results suggest a strong leaning towards the Republican Party, capturing approximately 65% of the vote. The Democratic Party garnered about 33%, indicating a significant, though markedly smaller, voter base. Other parties like the Libertarians and lesser-known groups combined to make up a minor fraction of the votes. These trends might reflect the county’s broader political inclinations and could influence future local and national elections.
65.35% of voters voted for the Republican party in the 2020 Presidential Election
33.01% of voters voted for the Democrat party in the 2020 Presidential Election
1.33% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Rockbridge County, Virginia has consistently kept a student-to-teacher ratio below the national average of 14 students per teacher over the past decade, fluctuating from a peak of 12.79 in 2014 to a low of 11.23 in 2023. This potentially more personalized educational experience could make the area more attractive to families. Such educational metrics might drive demand for residential properties, something investors, real estate agents, and appraisers should... Read more
Student-to-teacher ratio in Rockbridge County, Virginia over the last 10 years
Rockbridge County, Virginia has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher over the last decade. The ratio fluctuated slightly, peaking at 12.79 in 2014 and hitting a low of 11.23 in 2023. This lower ratio might suggest a more personalized educational experience, potentially making the area more appealing for families considering moving here. Investors, real estate agents, and appraisers should note that such educational metrics could be a significant factor driving demand for residential properties in the county.
