Waynesboro city Real Estate and Livability Trends
In Waynesboro, Virginia, median home values jumped from $156,200 in 2015 to $226,700 in 2022, making it attractive for investors chasing higher returns. Residential energy tax credits soared to $4,900 in 2018, possibly indicating an uptick in energy-efficient investments. Average real estate taxes increased from $1,689.45 in 2012 to $2,936.73 in 2021, suggesting rising property values or... Read more
Waynesboro city Market Trends
In Waynesboro city, Virginia, median home values have surged from $156,200 in 2015 to $226,700 in 2022, outpacing national trends though still trailing the state average. This increase could make Waynesboro appealing for investors seeking affordable, fast-appreciating properties. Residential energy tax credits saw a dramatic spike to $4,900 in 2018, indicating potential growth in energy-efficient... Read more
Median Value of Occupied Housing Units in Waynesboro city, Virginia Over the Last 8 Years
Waynesboro city, Virginia has seen a substantial increase in median home values over the past eight years, rising from $156,200 in 2015 to $226,700 in 2022. This growth is particularly interesting when compared to state and national trends. While Waynesboro’s home values trailed behind Virginia's average, which surged from $245,000 to $339,800, it still performed better than the national median, which climbed from $125,500 to $179,400 during the same period. This implies strong local market dynamics and could make Waynesboro an attractive option for potential investors or individuals looking to move to a relatively affordable yet fast-appreciating area.
Residential Energy Tax Credit Per Tax Return in Waynesboro city, VA Over the Last 9 Years
Over the past nine years, Waynesboro, Virginia has seen notable fluctuations in residential energy tax credits per tax return. Initially, the average hovered around $250.00 to $306.25 from 2013 to 2015, but by 2017 there was a significant spike to $850.00. The most remarkable jump occurred in 2018, where the average surged to $4900.00, indicating a potential increase in energy-efficient home investments or incentives. Although it dipped back to $1676.92 in 2019, and slightly further to $1426.67 in 2020, another rise to $2153.33 was seen in 2021. These trends could suggest a growing emphasis on sustainable living and significant opportunities for investors and realtors focusing on energy-efficient properties in the area.
Average Real Estate Taxes Per Tax Return in Waynesboro city, VA Over the Last 10 Years
Waynesboro city, Virginia has seen a notable increase in average real estate taxes per tax return over the last decade, starting at approximately $1,689.45 in 2012 and rising to about $2,936.73 in 2021. The most significant jumps occurred between 2017 and 2019, where taxes surged from roughly $2,020.45 to $3,034.48. This trend suggests a growing tax burden, which might be indicative of rising property values or increased municipal funding needs. For those interested in the real estate market, such trends could impact affordability and investment potential. Apprisors, insurance agents, and real estate professionals should take these fluctuations into account when evaluating property and advising clients.
Percentage of Farm Returns in Waynesboro city, VA Over the Last 10 Years
In Waynesboro city, Virginia, the percentage of farm tax returns has shown slight fluctuations over the last decade, ranging approximately from 0.22% to 0.39%. Notably, the highest percentage was observed in 2013 at about 0.39%, while a lower point was seen in 2020 at roughly 0.22%. Farm tax returns, which help indicate agricultural activity in the area, might reflect underlying economic and environmental factors impacting farming livelihoods. For potential investors, prospective property buyers, or current residents, these trends might suggest a relatively minimal but consistent agricultural presence within the city, possibly impacting land use and local economic support for farming.
Number of Mortgages by Occupancy Type in Waynesboro city, VA Over the Last 5 Years in Waynesboro city
There has been a noticeable fluctuation in the types of mortgages in Waynesboro city, Virginia over the past five years. Principal residences consistently dominate the market, with 2021 seeing a peak of 1,702 mortgages, suggesting a strong demand for primary homes. Investment properties have had a steady, albeit lower, number of mortgages, peaking at 116 in 2020, which may indicate varying interest from investors possibly influenced by market conditions or rental demand. Second residence mortgages have remained relatively minimal, underscoring a lesser focus on vacation or secondary homes in this area. Understanding these trends offers key insights for investors gauging rental markets, real estate agents targeting homeowner clients, and builders aligning projects with market demand. Shifts in occupancy type might be vital for appraisers and insurance agents to adjust valuations and risk assessments accordingly.
Economic Outlook
Waynesboro, Virginia, has shown a steady climb in average taxable income per tax return from $44,015.67 in 2013 to $57,790.19 in 2021, suggesting a rise in affluence that could impact property values positively. Average state and local income taxes also rose significantly, especially between 2017 and 2018, hinting at either higher incomes or increased tax rates. The total tax liability fluctuated but peaked at $7,716.28 in 2021, signaling possible economic growth or shifts in legislation. These... Read more
Average Taxable Income per Tax Return in Waynesboro city, VA over the last 9 years
Waynesboro, Virginia has seen a notable upward trend in average taxable income per tax return over the past nine years. From $44,015.67 in 2013 to $57,790.19 in 2021, this steady increase suggests a potentially growing affluence in the area. Such data could be pivotal for investors, real estate agents, and potential home buyers, indicating a possibly improving economic environment and progressive local market. Higher average incomes often correlate with increased property values, making this locale intriguing for both current residents and those considering relocation.
Average State and Local Income Taxes Per Tax Return in Waynesboro city, VA Over the Last 10 Years
Average state and local income taxes per tax return in Waynesboro city, Virginia, have experienced significant growth over the last decade, starting from $4,110.21 in 2012 and reaching $7,464.15 in 2021. A notable spike occurred between 2017 and 2018, jumping from $4,827.39 to $6,134.92, and the trend continued upward, peaking further in 2021. This data might suggest increasing incomes or higher tax rates, likely making it crucial for prospective residents, real estate investors, and professionals in the property market to consider the ramifications on affordability and fiscal planning.
Average Total Tax Liability Per Tax Return in Waynesboro city, VA Over the Last 10 Years
Waynesboro city, Virginia has seen notable fluctuations in tax liability over the last decade, with figures ranging from a low of $6,076.54 in 2013 to a high of $7,716.28 in 2021. This trend may indicate a growing economy, shifts in local income levels, or changes in tax legislation. Such data can be crucial for real estate agents, appraisers, and insurance agents, as it affects property assessments and investment decisions. Potential movers and current residents might find these trends significant for financial planning and evaluating the overall economic health of the area.
Cost of Living in Waynesboro city
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,301 | $1,440 | $1,549 | $1,648 | $1,290 |
| 1 adult 4 children | $1,301 | $1,176 | $1,182 | $1,648 | $1,438 |
| 2 adults 3 children | $1,301 | $1,176 | $1,346 | $1,648 | $1,075 |
| 1 adult 3 children | $1,301 | $960 | $978 | $1,648 | $1,208 |
| 2 adults 2 children | $932 | $963 | $1,142 | $1,435 | $877 |
| 1 adult 2 children | $932 | $719 | $775 | $1,435 | $869 |
| 2 adults 1 child | $932 | $761 | $939 | $743 | $777 |
| 1 adult 1 child | $932 | $492 | $571 | $743 | $676 |
| 2 adults | $781 | $611 | $735 | $0 | $603 |
| 1 adult | $777 | $333 | $368 | $0 | $551 |
Safety trends & Data
In Waynesboro, Virginia, property crimes like larceny-theft and burglary have shown a fluctuating yet generally downward trend over the past five years, with 2022 marking the lowest larceny-theft incidents at 38 compared to 73 in 2018. Motor vehicle thefts have seen slight inconsistencies with a minor increase in 2022, while embezzlement and forgery incidents significantly dropped. Vandalism has remained relatively stable but ticked up last year, which might indicate shifting socio-economic... Read more
Property Crime Trends in Waynesboro city, VA Over the Last 5 Years
In Waynesboro, Virginia, property crime trends over the last five years indicate fluctuating but generally declining figures in larceny-theft and burglary, with 2022 seeing the lowest reported larceny-theft at 38 incidents compared to 73 in 2018. Motor vehicle thefts show inconsistency with a slight rise in 2022. Interestingly, embezzlement and forgery incidents experienced a notable reduction, suggesting potentially effective local law enforcement or economic shifts. Vandalism cases have appeared relatively stable but saw a minor increase last year, which may reflect changing socio-economic dynamics in the region. Such trends are vital for real estate investors, insurance agents, and policymakers to gauge the local climate for investment, risk assessment, and community safety measures.
Demographics
Waynesboro, Virginia, has a majority-white population with over 85% identifying as White, while the African American community makes up a little over 11%. There's a fairly balanced gender distribution with slightly more females than males. The age demographic is skewed younger, with a notable portion under 35, hinting at a workforce ready populace. Educational attainment shows a considerable percentage have only a high school diploma or some college experience, which could inform potential... Read more
Race Distribution in Waynesboro city, Virginia (2022)
Educational Attainment in Waynesboro city, Virginia (2022)
Age Distribution in Waynesboro city, Virginia
Citizen Population in Waynesboro city, Virginia (2022)
Political Trends & Data
In Waynesboro City, Virginia, the 2020 U.S. Presidential Election results indicate a narrow margin between Republicans and Democrats, with Republicans possibly holding a slight edge at just over 51% and Democrats around 46%. The minimal influence of third-party candidates, evidenced by the Libertarian's less than 2% of the vote, underscores a predominantly two-party system. This political tightrope could suggest that even small voter swings might significantly impact future local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Waynesboro City, Virginia, the 2020 U.S. Presidential Election results suggest a close competition between the Republican and Democratic parties, with Republicans potentially leading slightly above 51% and Democrats around 46%. Third-party presence was minimal, with the Libertarian candidate attracting just under 2% of the vote. These dynamics may highlight a somewhat competitive political landscape, where major parties dominate but small percentages could sway future elections.
51.39% of voters voted for the Republican party in the 2020 Presidential Election
46.29% of voters voted for the Democrat party in the 2020 Presidential Election
1.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Waynesboro City, Virginia has varied from 12 in 2023 to nearly 18 in 2016. Recent downward trends in this ratio might make the area more attractive to parents wanting more individualized attention for their kids. For investors and real estate agents, this could hint at improving educational resources, potentially driving property values. This trend may also catch the eye of insurance agents and appraisers as it could reflect shifts in local... Read more
Student-to-teacher ratio in Waynesboro City, Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Waynesboro City, Virginia has fluctuated, with values ranging from 12 in 2023 to nearly 18 in 2016. While this ratio has generally been above the national average of 14 students per teacher, recent years have shown a downward trend, possibly making Waynesboro City more appealing to parents seeking more individualized attention for their children. For investors, real estate agents, and those looking to move, a lower student-to-teacher ratio might suggest improving educational resources, which could drive property values. This data may also interest insurance agents and appraisers as it could signify shifts in local demographics and community investments in education.
