Staunton city Real Estate and Livability Trends
Staunton City, Virginia has experienced notable economic growth with average taxable income rising from $46,788.56 in 2013 to $64,990.96 by 2021, potentially increasing property values. Median home values saw an upward trend from $165,400 in 2015 to $219,500 in 2022, indicating a solid real estate market still below state averages. Surge in real estate taxes by about 81% from 2012 to 2021 and... Read more
Staunton city Market Trends
In Staunton city, Virginia, median home values increased from $165,400 in 2015 to $219,500 in 2022, pointing to a broader market trend yet remaining more affordable than state averages. Residential energy tax credits, peaking at $1,407.69 in 2019, suggest rising investments in energy-efficient home improvements. Real estate taxes surged by approximately 81% from 2012 to 2021, indicating possible... Read more
Median Value of Occupied Housing Units in Staunton city, Virginia Over the Last 8 Years
In Staunton city, Virginia, median home values showed a moderate increase from $165,400 in 2015 to $179,900 in 2021, but experienced a significant jump to $219,500 by 2022, possibly reflecting a broader market trend. This city still remains more affordable compared to the state level, where Virginia's median home values soared from $245,000 in 2015 to $339,800 in 2022. When compared to national figures, where the median value climbed from $125,500 to $179,400 over the same period, Staunton offers a middle ground, making it an interesting option for potential buyers looking for a balance between cost and rising property value.
Residential Energy Tax Credit Per Tax Return in Staunton city, VA Over the Last 8 Years
In Staunton, Virginia, residential energy tax credits have shown significant fluctuations over the past eight years, peaking at $1,407.69 per tax return in 2019. Notably, there's been a substantial rise from 2017 onwards, suggesting growing investment in energy-efficient improvements. This trend might indicate a shift towards more sustainable living by residents, potentially making the area more attractive to eco-conscious investors and homeowners. Appraisers and insurance agents could also find these changes relevant as they may impact property values and risk assessments.
Average Real Estate Taxes Per Tax Return in Staunton city, VA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Staunton city, Virginia, have shown a consistent upward trend. From $2,061.30 in 2012 to $3,744.07 in 2021, there has been approximately an 81% increase. Significant jumps, particularly noticeable around 2017 and 2018, could be indicative of revaluations or changes in tax policies. This data is crucial for potential investors, appraisers, insurance agents, and real estate developers looking to understand the fiscal landscape and anticipate future costs.
Percentage of Farm Returns in Staunton city, VA Over the Last 10 Years
The percentage of farm tax returns in Staunton city, Virginia has seen slight fluctuations over the last decade, generally ranging between 0.41% and 0.59%. Peaks occurred around 2015 and 2017, while there was a notable dip in 2018. Farm tax returns are typically filed by those engaged in agricultural activities, reflecting the economic contribution of farms in the area. For investors, builders, and potential residents, these numbers might suggest a relatively stable, though not dominant, farming presence in Staunton, impacting decisions related to agricultural land use and local market dynamics.
Number of Mortgages by Occupancy Type in Staunton city, VA Over the Last 5 Years in Staunton city
In Staunton city, Virginia, the data over the last five years suggests modest but noticeable trends. Mortgages for principal residences have steadily increased, peaking in 2021 with 1,824, reflecting potential growth in homeownership demand. Investment properties stayed relatively stable, hovering around the 115-128 range, indicating consistent interest amongst investors. Second residences have remained marginal, suggesting limited demand for vacation or secondary homes. This shift in occupancy type trends is significant for real estate agents, investors, and developers, indicating a burgeoning market for primary homes, essential for shaping future investments, property valuations, and insurance rates in Staunton city.
Economic Outlook
Staunton City, Virginia has seen average taxable income per tax return rise from roughly $46,788.56 in 2013 to about $64,990.96 in 2021, hinting at growing economic opportunities and possibly higher property values. The city's average state and local income taxes have also increased, from $4,316.55 in 2012 to $10,201.67 in 2021, potentially impacting residents' living costs and investor interest. Additionally, the average total tax liability per tax return has surged, particularly from 2016,... Read more
Average Taxable Income per Tax Return in Staunton city, VA over the last 9 years
Average taxable income per tax return in Staunton city, Virginia has shown a steady increase over the last nine years, climbing from approximately $46,788.56 in 2013 to around $64,990.96 in 2021. This upward trend might suggest growing economic opportunities, potentially making Staunton an attractive location for real estate investment and property development. For those interested in moving to the area, the rising incomes could indicate a community that is financially stable and growing. Meanwhile, appraisers and insurance agents may find the positive income growth indicative of potentially higher property values and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Staunton city, VA Over the Last 10 Years
Over the past decade, Staunton city, Virginia, has experienced a notable rise in average state and local income taxes per tax return, increasing from $4,316.55 in 2012 to $10,201.67 in 2021. This upward trend suggests a growing fiscal burden for residents, which may influence decisions for potential investors, homebuyers, and real estate professionals considering the area. The marked jump between 2017 and 2018, where taxes leaped from $5,442.47 to $7,382.67, could be particularly pertinent for financial planning and policy analysis. Evaluating these trends can provide valuable insights into the economic landscape and living costs in Staunton, impacting future growth and development in the region.
Average Total Tax Liability Per Tax Return in Staunton city, VA Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Staunton City, Virginia has shown a general upward trend. Data suggests a significant increase from around 2016, culminating in a notable spike to $9,192.91 in 2021. This surge might hint at rising incomes or policy changes affecting taxpayers. Such insights are crucial for potential investors, property developers, real estate agents, and anyone interested in understanding the fiscal dynamics of the area.
Cost of Living in Staunton city
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,357 | $1,476 | $1,549 | $1,648 | $1,339 |
| 1 adult 4 children | $1,357 | $1,205 | $1,182 | $1,648 | $1,491 |
| 2 adults 3 children | $1,357 | $1,206 | $1,346 | $1,648 | $1,118 |
| 1 adult 3 children | $1,357 | $984 | $978 | $1,648 | $1,255 |
| 2 adults 2 children | $972 | $987 | $1,142 | $1,435 | $902 |
| 1 adult 2 children | $972 | $737 | $775 | $1,435 | $900 |
| 2 adults 1 child | $972 | $780 | $939 | $743 | $799 |
| 1 adult 1 child | $972 | $504 | $571 | $743 | $696 |
| 2 adults | $815 | $627 | $735 | $0 | $621 |
| 1 adult | $810 | $342 | $368 | $0 | $567 |
Safety trends & Data
In Staunton city, Virginia, property crime trends show a significant decline in larceny-theft, dropping from 233 instances in 2018 to 138 in 2022. Burglary and fraud also see reductions, whereas vandalism spiked to 59 incidents in 2020. Embezzlement and counterfeiting remain low and stable. These shifts could influence property values and development opportunities, offering valuable insights for investors, builders, and real estate professionals regarding the area's... Read more
Property Crime Trends in Staunton city, VA Over the Last 5 Years
Property crime trends in Staunton city, Virginia, reveal some notable shifts over the past five years. Larceny-theft consistently leads with significant numbers, but there's been a general decline from 233.0 instances in 2018 to 138.0 in 2022. Burglary and fraud have similarly seen reductions, while vandalism showed spikes, particularly peaking at 59.0 incidents in 2020. Embezzlement and counterfeiting cases maintain relatively low, steady counts, contributing minorly to overall crime statistics. These trends provide an insightful snapshot for potential investors, builders, real estate professionals, and residents, highlighting changes in safety and the potential impact on property values and development opportunities.
Demographics
Staunton city, Virginia, likely has a predominantly female adult population, reflecting a possible trend toward higher life expectancy or migration patterns among women. Educational attainment reveals that over half of the adults may not hold a college degree, which could indicate a local job market with a strong emphasis on high school-level skills. Age distribution suggests a relatively balanced population across most age groups, but the significant numbers of residents aged 25-34 and 35-44... Read more
Race Distribution in Staunton city, Virginia (2022)
Educational Attainment in Staunton city, Virginia (2022)
Age Distribution in Staunton city, Virginia
Citizen Population in Staunton city, Virginia (2022)
Political Trends & Data
Staunton City, Virginia's real estate market may be subtly influenced by its political climate. With Democrats potentially securing 53.7% of the vote in 2020, and Republicans capturing about 43.8%, a progressive tilt could be present, but with significant conservative undertones. This political landscape might drive diverse property demands reflecting both liberal and conservative lifestyle... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Staunton City, Virginia, the 2020 U.S. Presidential Election saw Democrats possibly leading with 53.7% of the vote, followed by Republicans at roughly 43.8%. Libertarians managed about 1.9%, while other parties barely made an impact with around 0.5%. These numbers could suggest a leaning towards more progressive policies in this locality, but conservative influences remain significant.
43.83% of voters voted for the Republican party in the 2020 Presidential Election
53.73% of voters voted for the Democrat party in the 2020 Presidential Election
1.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.52% of voters voted for the Other party in the 2020 Presidential Election
School Data
Staunton City, Virginia’s student-to-teacher ratio had historically stayed well below the national average of 14 students per teacher, fluctuating around 11 from 2014 to 2021 and hitting a low of 10.79 in 2019. However, 2022 saw a spike to 16.28, which could alter classroom dynamics and individual student attention. This change may concern potential movers and investors prioritizing educational quality, potentially influencing property values and appeal in the... Read more
Student-to-teacher ratio in Staunton City, Virginia over the last 10 years
Staunton City, Virginia has typically enjoyed a favorable student-to-teacher ratio, generally staying well below the national average of 14 students per teacher. From 2014 to 2021, the ratio hovered around 11, hitting a low of 10.79 in 2019. However, 2022 marked a significant spike to 16.28, which likely impacted classroom dynamics and individual student attention. This recent uptick in students per teacher may be a concern for potential movers and investors focused on educational quality. For real estate agents and appraisers, such shifts could affect property values and appeal, while insurance agents might consider it when assessing community risk factors. Understanding these fluctuations is crucial for anyone with a stake in the local educational environment.
