Scott County Real Estate and Livability Trends
Scott County, Virginia has seen a rise in average taxable income from $40,637.18 in 2013 to $51,502.24 in 2021, and median home values increasing from $106,900 in 2020 to $122,300 in 2022, which could make the area more attractive to investors. Total tax liabilities increased, possibly reflecting rising incomes or changing tax rates. Energy tax credits spiked in 2020, hinting at a trend towards... Read more
Scott County Market Trends
Median home values in Scott County, Virginia, have steadily increased over the last eight years, jumping from $106,900 in 2020 to $122,300 in 2022. Despite still lagging behind state and national averages, this upward trend could point to growing demand and investment potential. Meanwhile, residential energy tax credits saw major peaks, especially in 2020, suggesting residents may be ramping up... Read more
Median Value of Occupied Housing Units in Scott County, Virginia Over the Last 8 Years
Over the last eight years, median home values in Scott County, Virginia have shown a steady climb, particularly notable from 2020 onward, jumping from $106,900 to $122,300 in 2022. While still significantly lower than both the state ($339,800 in 2022) and national averages ($179,400 in 2022), the increasing values may suggest evolving demand and potential growth opportunities. For investors or those considering a move, Scott County offers relatively affordable housing compared to broader averages but with signs of upward momentum.
Residential Energy Tax Credit Per Tax Return in Scott County, VA Over the Last 8 Years
Scott County, Virginia has seen significant fluctuations in the average residential energy tax credit per tax return over the past eight years. The average credit started at $304.00 in 2013 and saw a notable peak in 2020 at $925.00, before slightly dropping to $872.73 in 2021. These fluctuations hint at varying levels of investment in energy-efficient upgrades by residents, which could be linked to changing federal and state incentives, economic conditions, or local initiatives to promote sustainable living. This trend may be particularly relevant for investors, builders, and real estate professionals evaluating the energy efficiency market in the area.
Average Real Estate Taxes Per Tax Return in Scott County, VA Over the Last 10 Years
Scott County, Virginia has experienced a notable increase in average real estate taxes per tax return over the past decade. From $1,477.23 in 2012, there has been a steady upward trend, peaking at $2,750.00 in 2020. This rise could indicate an appreciating real estate market, which may attract investors, potential homeowners, appraisers, and real estate agents interested in the area’s growth. However, for insurance agents and property builders, these escalating taxes may signify higher costs to factor into their business models.
Percentage of Farm Returns in Scott County, VA Over the Last 10 Years
In Scott County, Virginia, the percentage of farm tax returns over the past decade has seen small fluctuations generally trending downward. Starting at around 12.50% in 2012, it gently dipped to approximately 10.82% by 2021. Farm tax returns are essentially the percentage of tax filings that are classified as being from farming operations, and these numbers offer insight into the county’s agricultural footprint. This trend might indicate a slight decrease in farming activities or profitability, potentially signaling shifts in local agricultural business opportunities or challenges. Investors and residents concerned with agricultural sectors should consider these subtle changes when making decisions.
Number of Mortgages by Occupancy Type in Scott County, VA Over the Last 5 Years in Scott County
In Scott County, Virginia, over the last five years, principal residences have consistently dominated the mortgage market, peaking at 661 in 2021. Investment property mortgages have remained relatively stable, with slight fluctuations, while second residence mortgages have shown a modest but variable trend. Shifts in occupancy type matter as they can signal changing demand and economic conditions, potentially influencing property values, investment opportunities, and insurance considerations. Real estate agents, investors, and everyone interested in the area should pay attention to these trends for a nuanced understanding of market dynamics.
Economic Outlook
Scott County, Virginia has seen a noticeable increase in average taxable income per tax return, rising from $40,637.18 in 2013 to $51,502.24 in 2021, suggesting a potentially strengthening local economy. This might make the area appealing to investors and those looking to move. Average state and local income taxes per tax return have also risen, from $4,570.30 in 2012 to $6,771.43 in 2021, with significant jumps in 2018 and 2019, possibly indicating shifts in economic conditions or policy... Read more
Average Taxable Income per Tax Return in Scott County, VA over the last 9 years
Scott County, Virginia has witnessed some fluctuation in average taxable income per tax return over the past nine years. Starting at $40,637.18 in 2013, it dipped slightly in 2014 before gradually increasing, reaching $51,502.24 by 2021. Notable jumps occurred in 2015 and more steadily from 2017 onward, with 2021 marking a significant uptick. This upward trend could suggest a strengthening local economy, potentially making Scott County an attractive spot for investors, real estate agents, or anyone looking to move to the area.
Average State and Local Income Taxes Per Tax Return in Scott County, VA Over the Last 10 Years
Over the past decade, Scott County, Virginia has seen a general increase in average state and local income taxes per tax return, rising from $4,570.30 in 2012 to $6,771.43 in 2021. Notably, there were significant jumps in 2018 and 2019, reaching $6,125.00 and $7,433.33 respectively. These fluctuations could attract attention from potential investors, real estate agents, and those considering moving to Scott County, possibly indicating shifts in economic conditions or policy changes impacting disposable income and financial planning within the region.
Average Total Tax Liability Per Tax Return in Scott County, VA Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Scott County, Virginia has seen some fluctuations, with notable highs and lows. In recent years, there's been a marked increase, especially in 2021, where it reached $6,264.76. This trend could indicate growing incomes or changes in tax rates, which might be significant for potential investors, real estate agents, and those considering moving to the area. Evaluating these financial trends can provide unique insights into the economic health and growth potential of Scott County.
Cost of Living in Scott County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $849 | $1,351 | $1,545 | $1,149 | $943 |
| 1 adult 4 children | $849 | $1,103 | $1,178 | $1,149 | $1,043 |
| 2 adults 3 children | $849 | $1,104 | $1,342 | $1,149 | $782 |
| 1 adult 3 children | $849 | $901 | $975 | $1,149 | $795 |
| 2 adults 2 children | $647 | $904 | $1,139 | $999 | $672 |
| 1 adult 2 children | $647 | $675 | $772 | $999 | $614 |
| 2 adults 1 child | $647 | $714 | $936 | $512 | $631 |
| 1 adult 1 child | $647 | $461 | $569 | $512 | $550 |
| 2 adults | $511 | $574 | $733 | $0 | $541 |
| 1 adult | $475 | $313 | $367 | $0 | $480 |
Safety trends & Data
Scott County, Virginia has seen considerable variability in property crime rates over the last five years. Larceny-theft has fluctuated, peaking at 76 cases in 2018, dipping to 27 in 2021, and then rising to 42 in 2022. Burglaries have remained fairly steady with a minor decline from 27 cases in 2018 to 22 in 2022. Fraud witnessed some notable spikes, particularly in 2020 with 27 cases. Motor vehicle theft, however, has shown a noticeable increase, doubling from 7 cases in 2019 to 14 in 2022.... Read more
Property Crime Trends in Scott County, VA Over the Last 5 Years
Over the past five years, Scott County, Virginia has experienced fluctuations in property crime rates with notable variability in specific categories. Larceny-theft consistently shows the highest incidence each year, with 76 cases in 2018 dropping to 27 in 2021 and rising again to 42 in 2022. Burglaries also reflect a steady presence, peaking at 27 cases in 2018 and seeing a slight decrease to 22 by 2022. Fraud incidents observed some spikes, particularly in 2020 with 27 cases, but generally hovered around lower double digits. Motor vehicle theft saw a noticeable increase in 2022, reaching 14 cases up from a low of 7 in 2019. The presence of arson remains minimal, with only one incident reported each year in 2018 and 2019 before seemingly disappearing from the records. These trends may be pertinent for investors, real estate agents, and residents, indicating both challenges and areas of potential focus for safety improvements.
Demographics
Scott County, Virginia exhibits a slightly larger male than female adult population in 2022, contributing to its unique community dynamic. A considerable segment of the population has completed high school or some college, suggesting possible labor market implications and the need for more advanced educational opportunities. The age distribution leans heavily towards older age groups, implying potential demands for health services and senior amenities. The racial makeup is predominantly White,... Read more
Race Distribution in Scott County, Virginia (2022)
Educational Attainment in Scott County, Virginia (2022)
Age Distribution in Scott County, Virginia
Citizen Population in Scott County, Virginia (2022)
Political Trends & Data
Scott County, Virginia has shown a strong conservative trend, with the Republican party possibly receiving around 83% of the vote in the 2020 U.S. Presidential Election. Democratic support seems limited, potentially at about 16%, while other parties like the Libertarians had minimal impact. This significant tilt towards conservative politics might influence the county's real estate market and overall community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Scott County, Virginia, the Republican party seems to have garnered significant support, securing around 83% of the vote in the 2020 U.S. Presidential Election. Democratic support appears considerably lower, possibly around 16%. Other parties like the Libertarians and minor candidates barely impacted the overall vote share. This might point to a strong conservative trend in the area.
83.38% of voters voted for the Republican party in the 2020 Presidential Election
15.57% of voters voted for the Democrat party in the 2020 Presidential Election
0.83% 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
Scott County, Virginia's student-to-teacher ratios have shifted from a peak of 16 in 2016 to around 13 in 2022, generally hovering between 14-15 over the past decade. These fluctuations might offer clues to investors about population dynamics and education quality. Prospective residents could weigh this when considering family moves, while appraisers and insurance agents might view it as a marker of community stability. Builders and real estate agents could leverage these ratio changes in their... Read more
Student-to-teacher ratio in Scott County, Virginia over the last 10 years
Scott County, Virginia has seen fluctuations in its student-to-teacher ratio over the past decade, with numbers peaking at 16 in 2016 and dropping to nearly 13 in 2022, but generally staying around 14-15. These shifts in occupancy type might be important for various stakeholders. Investors could find this indicative of population dynamics and the quality of education; prospective residents might consider it a factor when moving for family needs. Appraisers and insurance agents might use this data to gauge community stability and predict risk; builders and real estate agents could highlight the ratio changes in marketing strategies. While Scott County's ratios are quite close to the US national average of 14, assessing these figures regularly can inform strategic decisions and provide insight into community priorities.
