Stafford County Real Estate and Livability Trends
Stafford County, Virginia’s real estate market shows intriguing trends with a steady rise in median home values from $305,300 in 2015 to $431,900 in 2022, suggesting robust market growth. Despite significant fluctuations in residential energy tax credits, peaking dramatically in 2021, there seems to be an increased focus on energy-efficient investments. Real estate taxes indicate rising... Read more
Stafford County Market Trends
In Stafford County, Virginia, the median home value has steadily increased from $305,300 in 2015 to $431,900 in 2022, outpacing both state and national trends. Residential energy tax credits have experienced significant volatility, with a dramatic surge from $306.37 in 2013 to a peak of $3467.42 in 2021, highlighting a potential rise in energy efficiency investments. Real estate taxes have also... Read more
Median Value of Occupied Housing Units in Stafford County, Virginia Over the Last 8 Years
In Stafford County, Virginia, the median home value has seen a steady increase over the last eight years, from $305,300 in 2015 to $431,900 in 2022. This stands out considering Virginia’s statewide median, which rose from $245,000 in 2015 to $339,800 in 2022, and the national median, which climbed from $125,500 to $179,400 in the same period. For investors or potential homebuyers, this signals a robust local market, outpacing both state and national averages, potentially indicating higher demand and stronger economic conditions in Stafford County.
Residential Energy Tax Credit Per Tax Return in Stafford County, VA Over the Last 9 Years
Stafford County, Virginia has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. Starting modestly at around $306.37 in 2013, there was gradual growth until 2017, witnessing a marked jump to $659. By 2018, the average surged dramatically to $2851.52 and continued to experience considerable volatility, peaking at $3467.42 in 2021. This trend suggests a rising emphasis on energy efficiency investments, possibly driven by increasing energy costs or enhanced incentives, providing a compelling angle for investors, builders, and residents focusing on sustainable living and cost-effective home improvements.
Average Real Estate Taxes Per Tax Return in Stafford County, VA Over the Last 10 Years
Over the past decade, real estate taxes in Stafford County, Virginia, have shown a steady increase, with rises from $3122.20 in 2012 to a peak of $4049.71 in 2020, suggesting ongoing developments and potential increases in property values. Understanding these trends could be essential for investors and potential homeowners when budgeting for property in the area. This upward trend might also inform insurance agents and appraisers about the evolving market, potentially leading to reassessments in property valuations. Real estate agents may also find this data valuable when advising clients on long-term financial commitments in Stafford County.
Percentage of Farm Returns in Stafford County, VA Over the Last 10 Years
Over the past decade, Stafford County, Virginia, has seen a slight but steady decline in the percentage of farm tax returns, dropping from approximately 0.35% in 2012 to around 0.27% in 2021. This trend could indicate a possible reduction in the number of active farms or shifts in how farmland is utilized. For potential investors or those considering relocation, this decline might suggest changing dynamics in agricultural activities which could impact property values, investment opportunities, and local economic growth. Understanding these trends is crucial for anyone involved in property development or interested in the long-term economic outlook of the county.
Number of Mortgages by Occupancy Type in Stafford County, VA Over the Last 5 Years in Stafford County
Stafford County, Virginia has seen fluctuations in mortgage counts across different occupancy types over the past five years. Notably, there has been a general decline in the number of mortgages for investment properties, dropping from 930 in 2021 to 425 in 2022. In contrast, the number of mortgages for principal residences saw a significant peak in 2020 at 22,605, before falling sharply to 11,633 in 2022. Mortgages for second residences have remained relatively low but stable, with a slight increase in 2021. The shifts in occupancy types matter for investors and real estate professionals as they can indicate changing market conditions, buyer preferences, and potential risks associated with property investment and development. These trends may also affect appraisals, insurance premiums, and overall market health in Stafford County.
Economic Outlook
Over the past decade, Stafford County, Virginia, has experienced a significant rise in average taxable income per tax return, moving from roughly $75,024.76 in 2013 to $93,439.75 in 2021, suggesting increasing affluence which might attract investors and property developers. State and local income taxes per tax return have similarly climbed from $6,112.95 in 2012 to $8,213.62 in 2021, indicating potential impacts on living costs. The total tax liability per tax return has also increased... Read more
Average Taxable Income per Tax Return in Stafford County, VA over the last 9 years
Over the past nine years, Stafford County, Virginia has seen a notable rise in average taxable income per tax return, increasing from approximately $75,024.76 in 2013 to about $93,439.75 in 2021. This upward trend suggests a growing affluence in the area, which could be attractive to potential investors, property developers, and real estate agents. As the locality becomes more financially robust, it could likely influence higher property appraisals and potentially shift insurance premiums.
Average State and Local Income Taxes Per Tax Return in Stafford County, VA Over the Last 10 Years
In Stafford County, Virginia, the average state and local income taxes per tax return have shown a consistent increase over the last decade, rising from $6,112.95 in 2012 to $8,213.62 by 2021. This upward trend may reflect broader economic changes, income growth, and potentially higher tax rates. Those interested in investing, moving, or working in the area should consider this steady rise in tax burdens, as it could impact overall living costs and financial planning.
Average Total Tax Liability Per Tax Return in Stafford County, VA Over the Last 10 Years
Over the last decade, Stafford County, Virginia, has seen a steady increase in the average total tax liability per tax return. Notably, the average moved from around $11,340.86 in 2012 to approximately $14,252.79 by 2021. Such trends could hint at rising incomes or changes in tax policies and underscore the area's economic growth. This upward trajectory in tax liabilities may be an essential indicator for investors, real estate agents, and potential residents when considering the financial landscape of the county.
Cost of Living in Stafford County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,119 | $1,597 | $1,492 | $2,190 | $2,120 |
| 1 adult 4 children | $2,119 | $1,304 | $1,137 | $2,190 | $2,287 |
| 2 adults 3 children | $2,119 | $1,304 | $1,296 | $2,190 | $1,885 |
| 1 adult 3 children | $2,119 | $1,065 | $941 | $2,190 | $2,087 |
| 2 adults 2 children | $1,694 | $1,068 | $1,100 | $1,922 | $1,506 |
| 1 adult 2 children | $1,694 | $798 | $746 | $1,922 | $1,610 |
| 2 adults 1 child | $1,694 | $844 | $904 | $1,051 | $1,222 |
| 1 adult 1 child | $1,694 | $545 | $550 | $1,051 | $1,234 |
| 2 adults | $1,488 | $678 | $709 | $0 | $948 |
| 1 adult | $1,464 | $370 | $354 | $0 | $913 |
Safety trends & Data
In Stafford County, Virginia, property crime trends over the last five years show considerable fluctuations. Larceny-theft has significantly decreased from 415.00 in 2018 to 209.00 in 2022, while arson incidents remain minimal with a slight peak in 2021. Burglary, vandalism, and motor vehicle theft figures vary, suggesting changes in criminal patterns or law enforcement efficiency. Notably, fraud surged from 65.00 in 2021 to 161.00 in 2022, potentially highlighting rising cybersecurity threats.... Read more
Property Crime Trends in Stafford County, VA Over the Last 5 Years
Over the last five years in Stafford County, Virginia, property crime has shown notable fluctuations across different categories. Larceny-theft consistently remains the highest, though it has decreased from 415.00 in 2018 to 209.00 in 2022, possibly indicating improved prevention or reporting efforts. Arson incidents have stayed relatively minimal, with a slight peak in 2021. Burglary, vandalism, and motor vehicle theft figures also reflect varying trends, hinting at shifting criminal patterns or enforcement efficiencies. Interestingly, fraud saw a significant jump from 65.00 in 2021 to 161.00 in 2022, potentially pointing towards increasing cybersecurity threats or financial crimes. These data trends may be essential for property investors, law enforcement, and community planners when considering future safety measures and investment strategies.
Demographics
Stafford County, Virginia shows a fairly balanced gender distribution among its adult population. The educational attainment data suggests a significant portion of residents have at least some college education, with sizable numbers holding Bachelor's or higher degrees. This can have impacts on local workforce qualifications and job market dynamics. The age distribution leans towards younger and middle-aged adults, potentially indicating a family-friendly environment and challenges in catering... Read more
Race Distribution in Stafford County, Virginia (2022)
Educational Attainment in Stafford County, Virginia (2022)
Age Distribution in Stafford County, Virginia
Citizen Population in Stafford County, Virginia (2022)
Political Trends & Data
Stafford County, Virginia, experienced a highly competitive political landscape in the 2020 U.S. Presidential Election. Democrats captured approximately 50.5% of the vote, while Republicans secured around 47.3%. The small margin and the 1.7% garnered by the Libertarian party hint at a dynamic political environment that could reflect wider trends in the state or even at the national... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Stafford County, Virginia saw a nearly even split in the 2020 U.S. Presidential Election, with Democrats slightly edging out Republicans at about 50.5% to 47.3%. The Libertarian party captured a modest 1.7% of the vote, while other parties accounted for less than 1%. This narrow margin might suggest a highly competitive political landscape in the county, potentially indicative of broader state or national trends.
47.26% of voters voted for the Republican party in the 2020 Presidential Election
50.54% of voters voted for the Democrat party in the 2020 Presidential Election
1.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
Stafford County, Virginia has experienced notable shifts in its student-to-teacher ratio, starting at 17 students per teacher in 2014 and aligning with the national average of 14 in 2023. The mid-decade peak of 18 may indicate classroom management challenges, while the recent decline suggests an improved educational environment. These trends could hint at changing demands in educational infrastructure and shifts in demographics, valuable insights for investors and real estate agents... Read more
Student-to-teacher ratio in Stafford County, Virginia over the last 10 years
Over the past decade, Stafford County, Virginia has seen fluctuations in its student-to-teacher ratio, beginning at 17 students per teacher in 2014 and eventually aligning with the national average of 14 in 2023. The ratio peaked around 18 in mid-decade, reflecting potential challenges in classroom management and individualized attention. Recent declines to 14 suggest improvements in the educational environment, beneficial for families considering moves based on schooling quality. For investors and real estate agents, these trends could signal changing demands in educational infrastructure and potential shifts in local demographics, proving key to making informed decisions regarding investments and property development in the county.
