Southampton County Real Estate and Livability Trends
Southampton County, Virginia, has seen a notable rise in average taxable income, climbing from $46,951.51 in 2013 to $61,657.48 in 2021, alongside higher state and local income taxes reaching $5,914.04, suggesting economic growth that might influence property appraisals and insurance rates. Median home values have steadily increased from $159,700 in 2015 to $199,700 in 2022, remaining more... Read more
Southampton County Market Trends
Over the past eight years, Southampton County, Virginia, has seen steady growth in median home values, climbing from $159,700 in 2015 to $199,700 in 2022. Despite this increase, values still remain more affordable than both the national median ($179,400) and the Virginia state average ($339,800). Average real estate taxes per tax return in the county have also risen significantly, up from... Read more
Median Value of Occupied Housing Units in Southampton County, Virginia Over the Last 8 Years
Over the past eight years, median home values in Southampton County, Virginia, have generally trended upward, rising from $159,700 in 2015 to $199,700 in 2022. This increase is significant when compared to the national median values, which grew from $125,500 to $179,400 during the same period. Interestingly, despite the growth in Southampton County, these values still lag behind the Virginia state average, which jumped from $245,000 to $339,800. For potential investors and homebuyers, this indicates that while Southampton offers increasing value and growth potential, it remains more affordable than other parts of Virginia. This could make it an attractive option for those looking to get more value for their property investment in a rising market.
Residential Energy Tax Credit Per Tax Return in Southampton County, VA Over the Last 9 Years
Southampton County, Virginia, has seen fluctuating average residential energy tax credits per tax return over the last nine years, with a notable spike in 2018 at $1,950.00. This surge might indicate a temporary boost in energy-efficient home investments or installations during that year. Although there was a drop in 2019, the credits stabilized between $1,100.00 and $1,300.00 in the following years. These patterns could suggest evolving incentives and homeowner interest in energy efficiency that might affect property values, home insurance rates, and overall investment appeal in the area.
Average Real Estate Taxes Per Tax Return in Southampton County, VA Over the Last 10 Years
Southampton County, Virginia has seen a substantial and steady rise in average real estate taxes per tax return over the past decade, increasing from $1,730.18 in 2012 to $2,619.61 by 2021. This pronounced increase, particularly the spike in 2018, may indicate rising property values or changes in tax rates. Potential investors, appraisers, and real estate agents should consider this trend when assessing the long-term costs and benefits of property transactions in the area.
Percentage of Farm Returns in Southampton County, VA Over the Last 10 Years
Farm tax returns in Southampton County, Virginia, have fluctuated over the past decade, starting at approximately 2.89% in 2012 and peaking at around 3.30% in 2014. However, there has been a general decline to about 2.16% in 2021. This suggests some variability in the agricultural sector's economic contribution. For investors and potential residents, understanding these trends can be crucial as they indicate potential shifts in the local economy and agricultural viability.
Number of Mortgages by Occupancy Type in Southampton County, VA Over the Last 5 Years in Southampton County
Mortgages for principal residences in Southampton County, Virginia have shown fluctuations over the past five years, with a notable peak in 2021 at 1,126, which then dropped to 735 by 2022. Investment property mortgages have remained relatively stable, around the low 20s annually, while second residences have seen low activity, peaking at just 14 in 2020 and 2021. Such shifts in occupancy type matter as they can influence neighborhood dynamics, future housing demand, and property value stability, valuable insights for investors and stakeholders.
Economic Outlook
Southampton County, Virginia, has witnessed a notable rise in average taxable income per tax return, moving from $46,951.51 in 2013 to $61,657.48 in 2021. Alongside, there's been a steady climb in average state and local income taxes, reaching $5,914.04 in 2021. This could signal economic growth and may influence property appraisals and insurance rates. Additionally, the average total tax liability increased from $5,863.44 in 2012 to $7,814.05 in 2021, possibly hinting at a stronger economic... Read more
Average Taxable Income per Tax Return in Southampton County, VA over the last 9 years
Over the past nine years, Southampton County, Virginia has seen a steady increase in average taxable income per tax return, rising from $46,951.51 in 2013 to $61,657.48 in 2021. Despite minor fluctuations, this trend could indicate economic growth and an improving standard of living, potentially signaling a favorable environment for investors, real estate agents, or those considering a move. This positive trajectory might also influence property appraisals and insurance rates, underlining the importance of closely watching these financial metrics in this county.
Average State and Local Income Taxes Per Tax Return in Southampton County, VA Over the Last 10 Years
Over the last decade, Southampton County, Virginia has seen a consistent upward trend in average state and local income taxes per tax return, peaking at $5,914.04 in 2021. The steady increase, with a significant jump in the last year, might suggest growing economic activity or changes in tax policies. For potential investors and real estate agents, this could indicate a strengthening market and evolving financial dynamics that might impact future property valuations and investment decisions. Insurance agents and appraisers could also see this as a vital factor when assessing risk and property values in the area.
Average Total Tax Liability Per Tax Return in Southampton County, VA Over the Last 10 Years
Over the past decade, Southampton County, Virginia has seen a noticeable increase in the average total tax liability per tax return, rising from approximately $5,863.44 in 2012 to around $7,814.05 in 2021. This upward trend may suggest a growing economic base or shifts in income levels within the county. Investors, builders, and real estate agents might find this trend indicative of an area with increasing property values and potential for higher returns. Appraisers and insurance agents would also find this data valuable for market assessments and risk evaluation.
Cost of Living in Southampton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,218 | $1,331 | $1,718 | $1,581 | $1,356 |
| 1 adult 4 children | $1,218 | $1,087 | $1,312 | $1,581 | $1,514 |
| 2 adults 3 children | $1,218 | $1,087 | $1,491 | $1,581 | $1,135 |
| 1 adult 3 children | $1,218 | $888 | $1,085 | $1,581 | $1,273 |
| 2 adults 2 children | $933 | $890 | $1,265 | $1,384 | $953 |
| 1 adult 2 children | $933 | $665 | $859 | $1,384 | $943 |
| 2 adults 1 child | $933 | $704 | $1,038 | $743 | $842 |
| 1 adult 1 child | $933 | $454 | $632 | $743 | $750 |
| 2 adults | $800 | $565 | $812 | $0 | $678 |
| 1 adult | $787 | $308 | $406 | $0 | $613 |
Safety trends & Data
Southampton County, Virginia has experienced fluctuating property crime trends over the past five years, with larceny-theft consistently being the most common, peaking at 13 cases annually in 2019 and 2020. A noticeable spike occurred in burglary arrests in 2022, reaching 8 incidents. Fraud cases surged to 12 in 2020 before declining again. While vandalism and motor vehicle theft have shown variable trends, their numbers are generally lower. These crime dynamics are essential for investors,... Read more
Property Crime Trends in Southampton County, VA Over the Last 5 Years
Southampton County, Virginia has seen fluctuating trends in property crimes over the past five years. Larceny-theft consistently stands out as the most frequent crime, peaking at 13 cases in both 2019 and 2020. Notably, there was a significant spike in burglary arrests in 2022 with 8 incidents, compared to prior years. Fraud incidents witnessed a sharp rise in 2020, reaching 12 cases, before dropping off again. Vandalism and motor vehicle theft have shown variable patterns, but generally lower numbers compared to other crimes. Investors, real estate professionals, and residents should consider these dynamics as they reflect the security environment and could influence property values and insurance rates.
Demographics
Southampton County, Virginia shows a near balanced gender distribution with slightly more males than females among its adult population. When it comes to education, a significant number of residents have completed high school, though fewer have pursued college degrees. The age distribution suggests a robust number of individuals in the 45-64 age range, indicating a mature population that may highlight future needs in healthcare and retirement services. Racially, the county is predominantly... Read more
Race Distribution in Southampton County, Virginia (2022)
Educational Attainment in Southampton County, Virginia (2022)
Age Distribution in Southampton County, Virginia
Citizen Population in Southampton County, Virginia (2022)
Political Trends & Data
Southampton County, Virginia, showcased a distinct political leaning in the 2020 U.S. Presidential Election, with over 58 percent of votes swinging towards the Republicans and about 40 percent backing the Democrats. The minimal yet noticeable support for third-party candidates like the Libertarians points to small but existing alternative political perspectives. This partisan divide may influence local policy decisions and community priorities in terms of development and services, which could... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Southampton County, Virginia, voting patterns in the 2020 U.S. Presidential Election hinted at a notable preference for the Republican party, potentially reflecting the county's broader political landscape. With over 58 percent of votes leaning towards the Republicans while Democrats captured about 40 percent, there's an apparent partisan divide. Despite minimal support for third-party candidates like the Libertarians, their presence, albeit small, indicates slight pockets of alternative political perspectives.
58.55% of voters voted for the Republican party in the 2020 Presidential Election
40.56% of voters voted for the Democrat party in the 2020 Presidential Election
0.89% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Southampton County, Virginia has experienced a fluctuating student-to-teacher ratio over the past decade, with peaks above sixteen in 2014 and 2016, and a dip below the national average of fourteen in 2021. This trend could signal evolving educational resources and have implications for community quality. A lower ratio often indicates more personalized education, which might be attractive to families and could positively impact property... Read more
Student-to-teacher ratio in Southampton County, Virginia over the last 10 years
Over the last decade, Southampton County, Virginia has seen a fluctuating student-to-teacher ratio, with values peaking at over sixteen in 2014 and 2016, and dipping below the national average of fourteen students per teacher in 2021. Most recently, the ratio has hovered close to the national average. For those considering investment, relocation, or real estate ventures in the area, such shifts could indicate evolving educational resources and potential impacts on community quality. A lower ratio often suggests more personalized education, which can be a strong selling point for families and could influence property values positively.
