Rockingham County Real Estate and Livability Trends
In Rockingham County, Virginia, median home values surged from $197,300 in 2015 to $266,900 in 2022, highlighting an attractive yet affordable market for investors. The rise in average taxable income from $53,249.08 in 2013 to $74,735.71 in 2021, coupled with increasing state and local income taxes, points to robust economic activity. Real estate taxes have also risen significantly, from... Read more
Rockingham County Market Trends
Median home values in Rockingham County, Virginia, have increased from $197,300 in 2015 to $266,900 in 2022, showing strong, steady growth despite being below the state average. This points to Rockingham as a potentially lucrative and relatively affordable area for real estate investment within Virginia. Additionally, residential energy tax credits peaked significantly in 2018 at $4,245.45 per... Read more
Median Value of Occupied Housing Units in Rockingham County, Virginia Over the Last 8 Years
Median home values in Rockingham County, Virginia have seen steady growth, increasing from $197,300 in 2015 to $266,900 in 2022. While Rockingham County's values are below the Virginia state average, which jumped from $245,000 in 2015 to $339,800 in 2022, they significantly outperform national figures, which rose from $125,500 to $179,400 over the same period. This makes Rockingham County an intriguing spot for future property developments and investments, offering a promising blend of growth potential and relative affordability within Virginia.
Residential Energy Tax Credit Per Tax Return in Rockingham County, VA Over the Last 9 Years
Rockingham County, Virginia has seen notable fluctuations in residential energy tax credits over the last nine years, with a significant peak in 2018 at $4,245.45 per tax return. This spike is markedly higher compared to other years, suggesting a potential rise in energy-efficient home improvements or available incentives. Despite a subsequent drop, recent years still demonstrate relatively high values, hovering around $1,500-$1,700. This trend may indicate that homeowners are increasingly investing in energy-efficient solutions. For investors, appraisers, and real estate agents, these figures imply a growing emphasis on sustainable living, which could impact property values and market dynamics.
Average Real Estate Taxes Per Tax Return in Rockingham County, VA Over the Last 10 Years
Real estate taxes per tax return in Rockingham County, Virginia have shown a steady upward trend over the past decade, with figures rising from $1,754.72 in 2012 to $2,998.78 in 2021. Investors and potential homeowners should note the marked increase, especially post-2017, where taxes surged from $2,152.89 to nearly $2,800. This trend could signal increasing property values, growing public expenditures, or changes in tax policy. For real estate agents and appraisers, these rising costs might reflect enhanced market demand or improved local amenities, which could factor into property evaluations and sales strategies.
Percentage of Farm Returns in Rockingham County, VA Over the Last 10 Years
Rockingham County, Virginia has seen a general decline in the percentage of farm tax returns over the past decade, starting from 4.86% in 2012 to about 4.45% in 2021. Farm tax returns represent the portion of overall tax submissions from agricultural incomes, indicating shifts in the agricultural economy and perhaps farm profitability. Lower percentages might suggest a decreasing number of active farms or farm-related profitability, which could be crucial for investors, potential property developers, and residents interested in the local agribusiness landscape.
Number of Mortgages by Occupancy Type in Rockingham County, VA Over the Last 5 Years in Rockingham County
In Rockingham County, Virginia, the number of mortgages for principal residences consistently outnumber those for investment and second residences over the past five years. Notably, principal residence mortgages peaked in 2020 and 2021, which might suggest heightened home-buying activity during these years. Investment property mortgages also saw modest increases, indicating potential interest in rental markets. The relatively low count for second residences could point to limited demand for vacation homes. Shifts in occupancy type impact property values, insurance premiums, and real estate market stability, essential considerations for investors, appraisers, and insurance agents alike.
Economic Outlook
Rockingham County, Virginia has seen an increase in average taxable income per tax return from $53,249.08 in 2013 to $74,735.71 in 2021. This near 40% jump hints at lucrative opportunities for investors and property developers keen on rising income levels. The notable rise in state and local income taxes, from $4,716.70 in 2012 to $12,954.62 in 2021, suggests increasing economic activity. A steady growth in total tax liability, starting at $7,295.53 in 2012 and reaching $10,963.12 by 2021,... Read more
Average Taxable Income per Tax Return in Rockingham County, VA over the last 9 years
Rockingham County, Virginia has shown a consistent upward trend in average taxable income per tax return over the past nine years, starting from $53,249.08 in 2013 and climbing to $74,735.71 in 2021. This nearly 40% increase suggests potentially lucrative opportunities for investors, real estate agents, and property developers looking to capitalize on rising income levels. For those considering moving to or working in Rockingham County, the growth in taxable income might reflect a strengthening local economy. Appraisers and insurance agents would do well to note these figures when evaluating economic stability and property values in the area.
Average State and Local Income Taxes Per Tax Return in Rockingham County, VA Over the Last 10 Years
The average state and local income taxes per tax return in Rockingham County, Virginia have demonstrated a steady upward trend over the past decade. Starting at $4716.70 in 2012, the amount increased annually, with a significant jump observed in recent years, peaking at $12954.62 in 2021. This notable rise suggests growing economic activity and possibly increasing incomes within the county, making it a point of interest for investors, real estate agents, and insurance professionals assessing financial health and potential growth.
Average Total Tax Liability Per Tax Return in Rockingham County, VA Over the Last 10 Years
Over the last decade, Rockingham County, Virginia has seen a steady increase in the average total tax liability per tax return, starting at approximately $7,295.53 in 2012 and reaching around $10,963.12 by 2021. This consistent upward trend suggests a growing economic environment which could be indicative of higher incomes or increased property values in the area. For investors, appraisers, insurance agents, and anyone looking to build or buy property here, these figures may imply a robust and expanding local economy. Real estate agents and residents can also infer that the area might be seeing rising demand and potentially higher costs of living alongside the higher tax liabilities.
Cost of Living in Rockingham County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,382 | $1,327 | $1,718 | $1,455 | $1,367 |
| 1 adult 4 children | $1,382 | $1,084 | $1,312 | $1,455 | $1,527 |
| 2 adults 3 children | $1,382 | $1,084 | $1,491 | $1,455 | $1,148 |
| 1 adult 3 children | $1,382 | $885 | $1,085 | $1,455 | $1,288 |
| 2 adults 2 children | $1,039 | $887 | $1,265 | $1,281 | $950 |
| 1 adult 2 children | $1,039 | $663 | $859 | $1,281 | $965 |
| 2 adults 1 child | $1,039 | $701 | $1,038 | $717 | $879 |
| 1 adult 1 child | $1,039 | $453 | $632 | $717 | $770 |
| 2 adults | $789 | $563 | $812 | $0 | $664 |
| 1 adult | $784 | $307 | $406 | $0 | $603 |
Safety trends & Data
In Rockingham County, Virginia, property crime data reveals erratic trends over the past five years, with larceny-theft significantly dropping from 94 incidents in 2018 to 20 in 2022. While arson and motor vehicle theft incidents stayed low, vandalism and fraud have shown minor fluctuations. Burglaries and embezzlement have also seen low numbers recently. These shifts may influence property values, insurance premiums, and overall appeal for investors and real estate professionals, reflecting... Read more
Property Crime Trends in Rockingham County, VA Over the Last 5 Years
Over the past five years, property crime in Rockingham County, Virginia shows a fluctuating trend, with notable spikes and drops in specific categories. Larceny-theft consistently leads in numbers but has sharply declined from 2018's high of 94 incidents to just 12 in 2021, before ticking up slightly to 20 in 2022. Arson and motor vehicle theft cases remain relatively low, typically in the single digits. Outliers include a spike in arson in 2019 with six incidents, contrasting with other years of minimal activity. Vandalism and fraud hold steady with minor oscillations, suggesting targeted vigilance might be paying off. Burglaries and embezzlement cases have varied but experienced low incidences in recent years. This variability might appeal to investors, real estate agents, and appraisers for its potential signals of community and law enforcement dynamics, affecting property values and insurance premiums.
Demographics
Rockingham County's adult population is relatively balanced between males and females, though females slightly outnumber males. Educational attainment shows a broad spectrum, with the majority having at least a high school diploma and a notable proportion holding bachelor's or graduate degrees. The age distribution suggests a mature demographic, with significant numbers in the 55 to 64 age bracket. When it comes to race, the county is predominantly White, with other racial groups making up a... Read more
Race Distribution in Rockingham County, Virginia (2022)
Educational Attainment in Rockingham County, Virginia (2022)
Age Distribution in Rockingham County, Virginia
Citizen Population in Rockingham County, Virginia (2022)
Political Trends & Data
Rockingham County, Virginia, shows a clear Republican dominance with nearly 70% of votes in recent elections, while Democrats trail at just under 30%. Libertarian and other parties hardly register, making the political landscape strongly GOP-leaning. This partisan skew could shape local policy decisions and influence community priorities in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Rockingham County in Virginia likely has a strong leaning towards the Republican Party, with nearly 70% of votes. Democratic support appears significantly lower, hovering just under 30%, while Libertarian and other parties barely make a dent. This suggests a heavily Republican voter base, which could impact local policy and political dynamics.
69.26% of voters voted for the Republican party in the 2020 Presidential Election
28.85% of voters voted for the Democrat party in the 2020 Presidential Election
1.49% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
Rockingham County, Virginia has seen fluctuating student-to-teacher ratios over the last decade, peaking at 15 in 2016 and dipping to around 13.5 in 2021. In 2023, the ratio is approximately 13.8, which is slightly below the national average of 14. This matters for investors, real estate agents, and families because lower ratios might suggest a more personalized education experience, potentially enhancing the area's appeal. Appraisers and insurance agents might also find this trend relevant as... Read more
Student-to-teacher ratio in Rockingham County, Virginia over the last 10 years
Over the last decade, Rockingham County, Virginia has seen its student-to-teacher ratio fluctuate, reaching a peak of 15 students per teacher in 2016 and dipping to its lowest at approximately 13.5 in 2021. The latest data from 2023 shows this ratio at about 13.8, which is slightly below the current national average of 14 students per teacher. These changes could be significant for potential investors, real estate agents, and families looking to move, as lower student-to-teacher ratios often indicate a more personalized education experience. For appraisers and insurance agents, the trends may affect property values and risk assessments, considering that local schools' attractiveness could influence neighborhood desirability.
