Bennington County Real Estate and Livability Trends
Bennington County, Vermont's real estate market has shown a notable upward trajectory in economic indicators over the past decade, potentially making it a hotspot for investment. The average taxable income rose to $81,107.66 by 2021, suggesting stronger local opportunities and a more robust economy, which could affect property valuations. Median home values hit $243,000 in 2022, outpacing... Read more
Bennington County Market Trends
Bennington County's median home values have shown steady growth, reaching $243,000 in 2022—a sign of strong local market compared to Vermont’s state average. Fluctuating residential energy tax credits, peaking at $4,520.00 in 2018, suggest dynamic incentives for energy-efficient investments, impacting home appraisals and insurance. Real estate taxes have more than doubled in the last decade,... Read more
Median Value of Occupied Housing Units in Bennington County, Vermont Over the Last 8 Years
Bennington County has seen a relatively stable trend in median home values over the last eight years, with a notable increase to $243,000 in 2022 after steady growth from 2020 onwards. Compared to the overall state of Vermont, which saw median values rise from $217,500 in 2015 to $272,400 in 2022, Bennington County trails slightly but still reflects a significant investment opportunity. On a national scale, while the U.S. median home value increased from $125,500 in 2015 to $179,400 in 2022, Bennington County’s higher values suggest a more robust local market. This steady rise may pique interest for investors and potential homeowners looking for strong property value growth in Vermont.
Residential Energy Tax Credit Per Tax Return in Bennington County, VT Over the Last 9 Years
Bennington County, Vermont has experienced a notably fluctuating trend in average residential energy tax credits per tax return over the past nine years. Starting at $506.12 in 2013, credit amounts spiked, reaching a high of $4,520.00 in 2018 before settling down to a more modest $1,745.95 by 2021. Such volatility suggests a variable state or federal incentive landscape, major investment in energy-efficient home upgrades, or both. This provides potential insight for investors and homeowners about prevailing energy policies and the purchasing power for eco-friendly upgrades, potentially impacting appraisals, insurance, and property development strategies.
Average Real Estate Taxes Per Tax Return in Bennington County, VT Over the Last 10 Years
In Bennington County, Vermont, real estate taxes per tax return have shown a marked upward trend over the past decade. Starting at $5412.61 in 2012, the average tax amount has more than doubled, reaching $9702.88 by 2021. The most notable increases occurred between 2016 and 2018, where the average jumped significantly from $6146.55 to $8338.02. This steady rise could be of particular interest to potential investors, real estate agents, and homeowners, as it suggests an escalating valuation of properties, potentially increasing costs for new buyers and higher appraisals. This trend may also be a factor for insurance agents due to the fluctuating risk profiles associated with property taxes.
Percentage of Farm Returns in Bennington County, VT Over the Last 10 Years
Over the last decade, farm tax returns in Bennington County, Vermont, have shown a gently fluctuating trend, starting at 0.70% in 2012 and dipping to a low of about 0.54% in 2014. This metric marginally rebounded to around 0.66% by 2021. Farm tax returns, essentially, are financial declarations made by farms to the IRS, detailing income, expenses, and other pivotal economic activities. These returns offer a glimpse into the agricultural backbone of the county, affecting local economies and potential real estate investments due to their indication of farming prosperity.
Number of Mortgages by Occupancy Type in Bennington County, VT Over the Last 5 Years in Bennington County
Over the last 5 years in Bennington County, Vermont, trends show the number of mortgages for principal residences peaking in 2021 but then decreasing significantly in 2022. Mortgages for second residences and investment properties have remained relatively steady but don't follow the same fluctuations as primary residences. The variations in mortgage counts by occupancy type might suggest shifts in living preferences, investment opportunities, and even changes in the housing market dynamics within the county. For those interested in investment, lower mortgage counts and stable investment property figures could imply a less competitive market, whereas fluctuations in principal residency mortgage counts might indicate broader economic or policy-driven influences. This could affect property valuation, insurance premiums, and the overall attractiveness of the area for both prospective residents and real estate professionals.
Economic Outlook
Bennington County, Vermont has experienced significant upward trends in economic indicators over the past decade, making it an increasingly attractive locale for investors and new residents. The average taxable income per tax return surged from $53,724.95 in 2013 to $81,107.66 in 2021, suggesting stronger local opportunities and a more robust economy. Alongside this, state and local income taxes per return escalated dramatically, peaking at $22,517.50 in 2019 before slightly easing to... Read more
Average Taxable Income per Tax Return in Bennington County, VT over the last 9 years
Bennington County, Vermont has seen notable fluctuations in average taxable income per tax return over the last nine years. Starting at $53,724.95 in 2013, there's been a general upward trend, peaking at $81,107.66 in 2021. This trend suggests increasing economic vitality and rising incomes, appealing to potential investors and those considering relocation. The sharp rise between 2019 and 2021, with average taxable incomes jumping from $68,727.44 to $81,107.66, may indicate improving local opportunities and a stronger economy. For real estate agents, appraisers, and insurance agents, these income trends could signal a growing market with higher disposable incomes likely affecting property values and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Bennington County, VT Over the Last 10 Years
Over the past decade, Bennington County, Vermont has seen a significant increase in average state and local income taxes per tax return. Starting at $7,153.76 in 2012, the average taxes saw a consistent rise, peaking dramatically at $22,517.50 in 2019. Although there's a slight decrease post-2019, the latest figures still hover around $21,303.81 in 2021. This trend might indicate a rising economic profile of higher-income earners or potential adjustments in tax policies, noteworthy for investors, newcomers, and industry professionals tracking regional fiscal dynamics.
Average Total Tax Liability Per Tax Return in Bennington County, VT Over the Last 10 Years
Bennington County, Vermont, has seen a notable increase in the average total tax liability per tax return over the past decade, rising from approximately $8,741.80 in 2012 to around $14,867.29 in 2021. This trend matters for potential investors, homebuyers, insurance agents, builders, and real estate professionals, as the escalating tax burden could impact property values, investment returns, and overall cost of living. Additionally, understanding these changes is crucial for appraisers and residents seeking insight into financial and economic dynamics within the county.
Cost of Living in Bennington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,455 | $1,673 | $2,107 | $1,894 | $1,684 |
| 2 adults 3 children | $1,455 | $1,367 | $2,074 | $1,894 | $1,496 |
| 1 adult 4 children | $1,455 | $1,366 | $1,456 | $1,894 | $1,763 |
| 1 adult 3 children | $1,455 | $1,116 | $1,423 | $1,894 | $1,606 |
| 2 adults 2 children | $1,120 | $1,119 | $2,040 | $1,639 | $1,261 |
| 1 adult 2 children | $1,120 | $836 | $1,390 | $1,639 | $1,273 |
| 2 adults 1 child | $1,120 | $884 | $2,007 | $814 | $1,092 |
| 1 adult 1 child | $1,120 | $571 | $1,357 | $814 | $994 |
| 2 adults | $886 | $710 | $1,455 | $0 | $826 |
| 1 adult | $849 | $387 | $728 | $0 | $650 |
Safety trends & Data
Property crime in Bennington County, Vermont has seen fluctuating rates over the past five years. In 2019, burglary and larceny-theft both saw notable peaks at 37.0 and 195.0 incidents respectively, hinting at a temporary surge. Vandalism incidents spiked significantly to 176.0 cases in 2021, highlighting a potential risk for property damage. Interestingly, fraud has shown an erratic trajectory, with cases plummeting from a high of 53.0 in 2018 to just 11.0 in 2022. These trends may be... Read more
Property Crime Trends in Bennington County, VT Over the Last 5 Years
Property crime trends in Bennington County, Vermont reveal fluctuating but persistent activity over the past five years. Notably, burglary cases spiked in 2019 at 37.0 incidents, while larceny-theft peaked the same year at 195.0 cases, indicating a temporary surge. The significant jump in vandalism incidents to 176.0 cases in 2021 could signal a particular risk area for property damage. Fraud trends show an erratic pattern, with the highest number recorded in 2018 at 53.0 cases but dropping to 11.0 by 2022. Those looking to invest or move to this county should consider these fluctuations for informed decision-making.
Demographics
Bennington County, Vermont shows a slightly higher female than male population, reflecting a broader trend seen in many regions. Educational attainment levels reveal a significant portion of the adult population with at least a high school diploma, with nearly 10,573 holding at least an associate's degree, indicating a relatively well-educated community. The age distribution suggests a mature demographic, with the largest groups being those aged 55 to 64 and 65 to 74. Racial makeup is... Read more
Race Distribution in Bennington County, Vermont (2022)
Educational Attainment in Bennington County, Vermont (2022)
Age Distribution in Bennington County, Vermont
Citizen Population in Bennington County, Vermont (2022)
Political Trends & Data
Bennington County, Vermont showed a strong Democratic preference in the 2020 U.S. Presidential Election, with Democrats capturing about 61.3% of the vote. Meanwhile, Republicans secured around 34.7%, which, despite the Democratic lean, represents a significant part of the electorate. Minor parties like Libertarian, Green, and Others accounted for a minimal share, underscoring the two-party dominance in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bennington County, Vermont displayed a significant leaning towards Democratic preferences in the 2020 U.S. Presidential Election, with Democrats garnering approximately 61.3% of the vote. Republicans secured around 34.7%, a notable contrast but still a substantial portion of the electorate. The remaining votes were distributed among Libertarian, Green, and Other parties, although these groups collectively represented a minor fraction, highlighting the strong two-party dominance in the region.
34.74% of voters voted for the Republican party in the 2020 Presidential Election
61.26% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
2.65% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bennington County, Vermont's student-to-teacher ratio has increased from about 11 in 2014 to over 13 in 2023, yet remains lower than the national average of 14. This could signal smaller class sizes that may provide more individual attention, a consideration critical for investors, real estate agents, and relocating families. Lower ratios often reflect higher education quality, impacting property values and neighborhood allure, and fostering stable community... Read more
Student-to-teacher ratio in Bennington County, Vermont over the last 10 years
Bennington County, Vermont has seen a gradual increase in the student-to-teacher ratio over the last decade, climbing from around 11 in 2014 to over 13 in 2023. This ratio still bodes well when compared to the national average of 14 students per teacher, suggesting smaller class sizes that may offer more individual attention. Changes in this ratio are crucial for investors, real estate agents, and families considering relocation, as it often reflects the quality of the educational system—one of the key factors influencing property values and neighborhood desirability. Lower student-to-teacher ratios typically indicate better learning environments, potentially impacting long-term developmental outcomes for students and stabilizing community growth.
