Warren County Real Estate and Livability Trends
Warren County, Virginia showcases compelling real estate trends, including a steady rise in average taxable income and a substantial increase in median home values from $213,500 in 2015 to $293,400 in 2022. This economic upswing, accompanied by surging property tax averages and a drop in the student-to-teacher ratio from 17 in 2014 to 15 in 2023, indicates evolving community standards that may... Read more
Warren County Market Trends
Warren County, Virginia, has shown robust growth in median home values, rising from $213,500 in 2015 to $293,400 in 2022, though still trailing the state's average. Energy tax credits in the county have fluctuated, peaking at $2,660.00 in 2018, pointing to a local interest in energy-efficient home improvements. Property tax averages surged significantly, with a leap from $1,852.84 in 2012 to... Read more
Median Value of Occupied Housing Units in Warren County, Virginia Over the Last 8 Years
Warren County, Virginia, has experienced a steady rise in median home values over the past eight years, starting from $213,500 in 2015 to $293,400 in 2022. While these figures show significant growth within the county, they are still below the state's average, which rose from $245,000 to $339,800 during the same period. However, Warren County's home value growth has outpaced the national median, which only reached $179,400 in 2022. These trends could point to more accessible investment opportunities within Warren County compared to the broader Virginia market, while still reflecting a solid upward value trajectory.
Residential Energy Tax Credit Per Tax Return in Warren County, VA Over the Last 9 Years
Warren County, Virginia has seen significant fluctuations in average residential energy tax credits over the last nine years, reflecting local interest in energy efficiency upgrades. With a noticeable spike in 2018, when the average credit reached $2,660.00, the data suggests a surge in energy-efficient investments during that period. Since then, the amounts have moderated, staying over $900.00, peaking again at $1,659.09 in 2020, and slightly dipping to $1,611.11 in 2021. These trends could indicate a growing commitment to energy-efficient home improvements, making the county potentially attractive for green technology investors, real estate developers focusing on sustainable projects, and homeowners interested in long-term energy savings.
Average Real Estate Taxes Per Tax Return in Warren County, VA Over the Last 10 Years
Over the past decade, Warren County, Virginia has seen a steady increase in average real estate taxes per tax return. Starting from $1,852.84 in 2012, the average tax surged to $3,026.78 by 2021. Notably, there was a significant jump between 2017 and 2018, where values leaped from $2,235.14 to $2,748.00. This noticeable rise could indicate evolving property values and local fiscal policies, providing important insights for investors, homeowners, real estate agents, and appraisers.
Percentage of Farm Returns in Warren County, VA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Warren County, Virginia, appears relatively steady with minor fluctuations. Starting at approximately 1.57% in 2012, it slightly decreased to 1.49% in 2021, with small peaks around 2015 and 2017. Farm tax returns reflect the proportion of taxpayers whose primary income derives from farming, often hinting at the county's agricultural stability and its importance to the local economy. For potential investors or those considering moving to Warren County, this data may suggest a consistent rural and farming community which could influence decisions regarding agricultural investments or property development catered to this lifestyle.
Number of Mortgages by Occupancy Type in Warren County, VA Over the Last 5 Years in Warren County
The number of mortgages for principal residences in Warren County, Virginia, peaked in 2021 with a significant rise to 4806, up from the consistent figures in previous years. Investment property mortgages show a gradual increase, with noticeable jumps in both 2020 and 2021 but slightly less in 2022. Second residence mortgages are relatively lower in comparison, indicating they hold a minor share of total property investments. These trends might underscore shifting priorities among homebuyers and investors, possibly driven by market conditions, lending rates, or regional economic factors. For investors, insurance agents, appraisers, and real estate agents, understanding the shifting nature of property type demand can offer insight into market stability, investment potential, and risk assessment.
Economic Outlook
Warren County, Virginia has seen a consistent rise in average taxable income per tax return, climbing from $54,847.86 in 2013 to $74,332.07 by 2021. This economic growth could make the area attractive to investors and newcomers, suggesting higher standards of living. Concurrently, state and local income taxes per return increased significantly, from about $4,742 in 2012 to nearly $8,060 in 2021, potentially reflecting heightened economic activity or tax rate changes. Total tax liability also... Read more
Average Taxable Income per Tax Return in Warren County, VA over the last 9 years
Over the past nine years, Warren County, Virginia has shown a noticeable increase in the average taxable income per tax return. In 2013, the average taxable income was around $54,847.86, gradually rising each year to reach $74,332.07 in 2021. This trend could potentially attract investors and those looking to move to the area, as it suggests consistent economic growth and possibly higher standards of living. For appraisers, insurance agents, and real estate agents, this upward trend is a critical indicator of property value appreciation and market robustness.
Average State and Local Income Taxes Per Tax Return in Warren County, VA Over the Last 10 Years
State and local income taxes per return in Warren County, Virginia have seen a notable increase over the past decade, rising from around $4,742 in 2012 to approximately $8,060 in 2021. This upward trend could imply heightened economic activity or increased tax rates, which might be a consideration for prospective residents and investors. For real estate agents, this data might indicate shifting economic conditions, while insurance agents and appraisers might take note of the economic health and its potential impacts on home values and insurance premiums. The steepest rise between 2017 and 2018 might warrant particular attention.
Average Total Tax Liability Per Tax Return in Warren County, VA Over the Last 10 Years
In the past decade, Warren County, Virginia has experienced a notable upward trend in average total tax liability per tax return. Starting at $7,761.02 in 2012, the liability edged steadily upward, peaking at $10,913.88 in 2021. This growth reflects rising income levels or possible tax rate adjustments, offering a critical insight for investors and stakeholders. The sharp increase in recent years may hint at economic growth or shifts in the county's fiscal policies, which could affect property values and investment potential.
Cost of Living in Warren County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,412 | $1,540 | $1,492 | $1,470 | $1,415 |
| 1 adult 4 children | $1,412 | $1,258 | $1,137 | $1,470 | $1,580 |
| 2 adults 3 children | $1,412 | $1,258 | $1,296 | $1,470 | $1,185 |
| 1 adult 3 children | $1,412 | $1,027 | $941 | $1,470 | $1,336 |
| 2 adults 2 children | $1,067 | $1,030 | $1,100 | $1,281 | $970 |
| 1 adult 2 children | $1,067 | $769 | $746 | $1,281 | $993 |
| 2 adults 1 child | $1,067 | $814 | $904 | $666 | $882 |
| 1 adult 1 child | $1,067 | $526 | $550 | $666 | $788 |
| 2 adults | $811 | $654 | $709 | $0 | $694 |
| 1 adult | $805 | $357 | $354 | $0 | $611 |
Safety trends & Data
Warren County, Virginia, has experienced fluctuating property crime trends over the past five years, with larceny-theft being the most common issue, peaking at 201 incidents in 2020 and dropping to 131 in 2022. While burglary and vehicle theft remain relatively low but steady, forgery and counterfeiting incidents doubled from 7 in 2019 to 16 in 2022. Additionally, fraud incidents increased from 18 in 2019 to 33 in 2022. Understanding these crime trends is crucial for potential investors and... Read more
Property Crime Trends in Warren County, VA Over the Last 5 Years
Warren County, Virginia, has shown fluctuating property crime trends over the past five years, with larceny-theft consistently being the most prevalent issue, peaking at 201 incidents in 2020 before moderating to 131 in 2022. Burglary and motor vehicle theft have remained relatively low but persistent, with some variability each year. Interestingly, the numbers for forgery and counterfeiting saw a notable increase, doubling from 7 incidents in 2019 to 16 in 2022. Fraud incidents have also seen a noticeable rise, from 18 in 2019 to 33 in 2022. These data points could be critical for potential investors and real estate professionals, as they underscore the importance of understanding local crime trends for property valuation and risk assessment.
Demographics
In 2022, Warren County, Virginia showcased a fairly balanced gender distribution with nearly equal numbers of males and females among adults. The educational landscape reveals a significant portion of the population holding at least a high school diploma, but fewer residents have achieved a graduate or professional degree. Age demographics indicate a trend towards an aging population, with a notable cluster of individuals in the 55 to 64 age bracket. The racial composition is predominantly... Read more
Race Distribution in Warren County, Virginia (2022)
Educational Attainment in Warren County, Virginia (2022)
Age Distribution in Warren County, Virginia
Citizen Population in Warren County, Virginia (2022)
Political Trends & Data
Warren County, Virginia's real estate market is likely influenced by its predominantly conservative voter base, as indicated by the 2020 U.S. Presidential Election results. This demographic trend could shape community values and priorities, potentially affecting factors such as property development, investment opportunities, and local policy-making. With nearly two-thirds of votes favoring the Republican party, local regulations and amenities may reflect a preference for traditional,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Warren County, Virginia, the 2020 U.S. Presidential Election results indicate a strong leaning towards the Republican party, with nearly two-thirds of the votes. The Democratic party garnered approximately one-third, while third-party candidates, like Libertarians, barely made a dent at just over 1%, with the Green party appearing absent from the ballots. This trend suggests that Warren County's voter base may skew heavily conservative, with limited traction for other parties.
66.53% of voters voted for the Republican party in the 2020 Presidential Election
31.22% 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
0.52% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Warren County, Virginia has declined from 17 in 2014 to 15 in 2023, approaching the U.S. national average of 14. This trend could attract families prioritizing education and affect real estate prices, making properties in the area more appealing. Investors and real estate agents may leverage this data to highlight higher perceived community value, potentially influencing property prices and insurance... Read more
Student-to-teacher ratio in Warren County, Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Warren County, Virginia has generally declined from 17 in 2014 to 15 in 2023, bringing it closer to the U.S national average of 14 students per teacher. This trend may reflect efforts to improve classroom engagement and individualized instruction, appealing to families considering relocation and educators entering the job market. For investors and real estate agents, lower ratios could indicate an attractive feature when marketing properties to families prioritizing education. Lower student-to-teacher ratios might also influence appraisals, as they could correlate with higher perceived community value, impacting property prices and insurance implications.
