Shenandoah County Real Estate and Livability Trends
In Shenandoah County, Virginia, rising incomes and increasing property values are marked by the jump in average taxable income from about $48,321.92 in 2013 to $76,524.29 in 2021. Median home values have gone from $198,900 in 2015 to $247,600 in 2022, making the area a compelling option for affordable yet promising local growth. The decreasing student-to-teacher ratio, now roughly 11, compared to... Read more
Shenandoah County Market Trends
Shenandoah County, Virginia has seen its median home values rise from $198,900 in 2015 to $247,600 in 2022, staying below the state average but above national figures, suggesting affordability and promising local growth. The average residential energy tax credits per tax return have fluctuated sharply, peaking at $2,266.67 in 2018 and settling around $1,333.33 in 2021, pointing to shifts in... Read more
Median Value of Occupied Housing Units in Shenandoah County, Virginia Over the Last 8 Years
Shenandoah County, Virginia has seen its median home values increase from $198,900 in 2015 to $247,600 in 2022. While this growth is impressive, it's interesting to note that Shenandoah County's median home values have generally remained lower than the state average, which has risen from $245,000 in 2015 to $339,800 in 2022. However, the county consistently outpaces the national median, which has grown from $125,500 to $179,400 over the same period. For those considering investment or relocation, the county offers relative affordability compared to the state while promising growth potential that outstrips national trends.
Residential Energy Tax Credit Per Tax Return in Shenandoah County, VA Over the Last 9 Years
Over the past nine years, Shenandoah County, Virginia has seen significant fluctuations in average residential energy tax credits per tax return. Notably, there was a sharp increase from $650.00 in 2015 to nearly $2,266.67 in 2018. While there was a subsequent drop in 2019, the values have been on an upward trend again, reaching around $1,333.33 in 2021. These variations suggest a dynamic market for energy-efficient investments, potentially indicative of broader economic conditions or policy changes influencing homeowner decisions. This information is particularly relevant for investors, property developers, and real estate professionals looking to understand local incentives and trends in energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Shenandoah County, VA Over the Last 10 Years
Over the past decade in Shenandoah County, Virginia, the average real estate taxes per tax return have generally trended upward. Notices a significant jump from $1,934.02 in 2017 to $2,572.51 in 2018, suggesting possible changes in assessment practices or property values during that period. This trend may indicate rising property values, potentially making the area more attractive for investors and developers. However, higher taxes could be a consideration for potential homeowners and insurance agents when evaluating the cost of living and coverage premiums.
Percentage of Farm Returns in Shenandoah County, VA Over the Last 10 Years
The percentage of farm tax returns in Shenandoah County, Virginia has been showing a slight but steady decline over the past decade, dropping from approximately 4.30% in 2012 to around 3.72% in 2021. Farm tax returns represent the proportion of tax filings from agricultural businesses, indicating the health and prevalence of farming activities in the region. This downward trend might suggest a gradual shift away from farming or a consolidation of farms, which could impact local investment opportunities, land value, and the economic landscape for those considering moving to or developing property in Shenandoah County.
Number of Mortgages by Occupancy Type in Shenandoah County, VA Over the Last 5 Years in Shenandoah County
Analyzing mortgage trends in Shenandoah County, Virginia, for the past five years suggests that principal residences dominate the market, with consistent increases peaking in 2021 before a slight drop in 2022. Meanwhile, investment property mortgages show more variability, ultimately declining, and second residences hold relatively stable numbers with subtle fluctuations. For investors and appraisers, the rising interest in principal residences potentially indicates a robust residential market, while the dip in investment mortgages might suggest a cautious investor sentiment. Real estate agents and builders could benefit from understanding these shifts to tailor their strategies, and insurance agents might see a shift in demand based on changing property uses. These trends signify shifts in living patterns, which may influence broader socioeconomic factors in Shenandoah County.
Economic Outlook
In Shenandoah County, Virginia, the average taxable income per tax return has risen from about $48,321.92 in 2013 to $76,524.29 in 2021, suggesting potential economic growth. This could interest investors and developers eyeing high-value properties. Income taxes per return have also trended upwards, from $4,363.70 in 2012 to $11,297.79 in 2021, with a steep rise between 2017 and 2019. Real estate agents and appraisers might view this as indicative of shifting financial planning needs and... Read more
Average Taxable Income per Tax Return in Shenandoah County, VA over the last 9 years
Over the last nine years, Shenandoah County, Virginia has seen a notable increase in average taxable income per tax return, rising from approximately $48,321.92 in 2013 to around $76,524.29 in 2021. This upward trend could suggest a growing economic vitality in the area, which may interest potential investors and developers, as well as those considering moving to the region. Real estate agents and insurance agents might find this income growth indicative of upward mobility and market potential for high-value properties and policies. However, prospective stakeholders should consider this data with other economic factors to make well-rounded decisions.
Average State and Local Income Taxes Per Tax Return in Shenandoah County, VA Over the Last 10 Years
Income taxes in Shenandoah County, Virginia have generally trended upwards over the past decade. From $4,363.70 per tax return in 2012, there’s a notable increase, hitting $11,297.79 by 2021. Interestingly, there was a steep rise between 2017 and 2019, with taxes almost doubling in those two years. This growth might signal economic changes in the county, potentially impacting the attractiveness for prospective investors and residents. For those in occupations like appraisers, insurance agents, or real estate professionals, these trends could suggest shifts in financial planning needs, property valuations, and risk assessments.
Average Total Tax Liability Per Tax Return in Shenandoah County, VA Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Shenandoah County, Virginia, has seen a noticeable upward trend. In 2012, the liability was around $6,454.19, and it climbed steadily each year. By 2021, this figure soared to $11,421.41, experiencing a significant jump from 2020's $8,571.73. This increase may signal an overall rise in income or property values in the region, potentially making Shenandoah County appealing for investors or those considering property development. However, it could also be a point of concern for current residents and new movers, as higher tax liabilities often accompany rising living costs.
Cost of Living in Shenandoah County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,368 | $1,420 | $1,569 | $1,116 | $1,219 |
| 1 adult 4 children | $1,368 | $1,159 | $1,198 | $1,116 | $1,360 |
| 2 adults 3 children | $1,368 | $1,160 | $1,362 | $1,116 | $1,004 |
| 1 adult 3 children | $1,368 | $947 | $991 | $1,116 | $1,128 |
| 2 adults 2 children | $972 | $949 | $1,155 | $974 | $828 |
| 1 adult 2 children | $972 | $709 | $784 | $974 | $780 |
| 2 adults 1 child | $972 | $750 | $948 | $512 | $769 |
| 1 adult 1 child | $972 | $485 | $578 | $512 | $683 |
| 2 adults | $747 | $603 | $742 | $0 | $640 |
| 1 adult | $650 | $329 | $371 | $0 | $551 |
Safety trends & Data
Shenandoah County, Virginia has seen notable changes in property crime trends over the past five years. Larceny-theft cases have dropped from 107 in 2019 to 50 in 2022, while vandalism incidents peaked at 46 in 2019 before reducing to 24 in 2022. Burglary rates showed fluctuations, increasing from 5 cases in 2018 to 12 in 2019, then settling at 8 in 2022. Fraud cases spiked at 26 in 2020 but dramatically fell to 7 by 2022. These shifting crime patterns could be key for those assessing... Read more
Property Crime Trends in Shenandoah County, VA Over the Last 5 Years
Shenandoah County, Virginia has seen fluctuating trends in property crimes over the past five years. From a high of 107 larceny-theft cases in 2019, numbers have decreased to 50 in 2022, suggesting a potential decline in this particular crime. However, there has been a noticeable surge in vandalism incidents peaking at 46 in 2019 but reducing to 24 by 2022. Burglary rates saw an increase from 5 cases in 2018 to 12 in 2019 before declining and moderately rising again to 8 in 2022. Interestingly, fraud cases spiked at 26 in 2020 but significantly dropped to 7 by 2022. These trends could provide valuable insight for those considering investments, property developments, or evaluating risk factors in Shenandoah County.
Demographics
Shenandoah County, Virginia, reflects slight gender balance with females marginally outnumbering males. The educational landscape indicates a significant portion of residents have completed high school or some college, though relatively fewer hold advanced degrees. The population is notably skewed towards older age brackets, with substantial numbers in the 55 to 74-year range. The racial composition shows a predominantly White demographic, with very small representations from other racial... Read more
Race Distribution in Shenandoah County, Virginia (2022)
Educational Attainment in Shenandoah County, Virginia (2022)
Age Distribution in Shenandoah County, Virginia
Citizen Population in Shenandoah County, Virginia (2022)
Political Trends & Data
Shenandoah County, Virginia, appears to have a solid conservative base, as evidenced by nearly 70% of votes possibly going to the Republican candidate in the 2020 Presidential election. Democrats received close to 29%, highlighting a sizable gap between the two parties. The Libertarian Party and other third parties had minimal impact, collectively making up only around 1.5% of the vote. This trend might imply that the county's real estate market could attract buyers who prefer areas with strong... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Shenandoah County, Virginia, leaned heavily Republican in the 2020 Presidential election, with nearly 70% of votes potentially going to the Republican candidate. Democrats garnered close to 29%, indicating a significant gap between the two major parties. The Libertarian Party made a minimal impact with around 1.5%, and other third parties barely registered on the radar. This trend might suggest a strong conservative base in the county.
69.51% of voters voted for the Republican party in the 2020 Presidential Election
28.86% of voters voted for the Democrat party in the 2020 Presidential Election
1.46% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Shenandoah County, Virginia's student-to-teacher ratio has seen a favorable decline over the past decade, dropping from 14 in 2014 to roughly 11 in 2022. This trend suggests smaller class sizes, which can be attractive to parents and may hint at improving educational quality. For real estate investors and agents, this could potentially make properties more appealing, while insurance agents and appraisers might consider these educational metrics when evaluating homes. With the current national... Read more
Student-to-teacher ratio in Shenandoah County, Virginia over the last 10 years
Over a span of ten years, the student-to-teacher ratio in Shenandoah County, Virginia has generally shown a downward trend, notably dropping from 14 in 2014 to approximately 13 in recent years, and even reaching as low as 11 in 2022. This trend may indicate smaller class sizes which can be appealing for parents looking to move to the area, signaling a potential improvement in educational quality. For real estate agents and those investing in property, these changes could enhance the attractiveness of the county. Insurance agents and appraisers might also view the evolving educational metrics as a factor in property valuations, potentially becoming a part of their considerations when assessing or insuring homes. People generally interested in Shenandoah County should recognize that its student-to-teacher ratio is often more favorable than the current national average of 14 students per teacher, which may contribute positively to community life.
