Essex County Real Estate and Livability Trends
Essex County, Vermont has seen its average taxable income per tax return rise from $35,920.56 in 2013 to $50,716.16 in 2021, pointing to potentially improved economic stability and better investment prospects. Median home values have grown from $122,800 in 2015 to $151,200 in 2022, indicating consistent, yet more accessible growth compared to the state's averages. Residential energy tax credits... Read more
Essex County Market Trends
In Essex County, Vermont, median home values increased from $122,800 in 2015 to $151,200 in 2022, reflecting steady growth that remains more accessible compared to Vermont's overall rise from $217,500 to $272,400. Residential energy tax credits per tax return showcased significant volatility, peaking at $2,000.00 in 2017 but showing an upward trend, hitting $1,500.00 in 2021, which may attract... Read more
Median Value of Occupied Housing Units in Essex County, Vermont Over the Last 8 Years
The median home values in Essex County, Vermont exhibited a relatively steady increase over the past eight years, jumping from $122,800 in 2015 to $151,200 in 2022. This growth trend is even more compelling when compared to the overall state of Vermont, where median home values surged from $217,500 to $272,400 over the same period. Nationally, median home values rose from $125,500 to $179,400. For potential investors, movers, or current residents, Essex County's more modest increase may indicate a more accessible entry point for homeownership compared to the broader state and national levels. This consistency in value appreciation could suggest stable, yet promising, future investment potential in this particular segment of Vermont.
Residential Energy Tax Credit Per Tax Return in Essex County, VT Over the Last 8 Years
Essex County, Vermont has experienced notable fluctuations in residential energy tax credits per tax return over the past eight years. After starting at $337.50 in 2013, the average saw sharp increases and decreases, with a significant peak at $2,000.00 in 2017. Recently, the values have shown a general upward trend, reaching $1,500.00 in 2021. This variability highlights the county's dynamic approach to incentivizing energy-efficient residential investments, creating potential opportunities for stakeholders like real estate agents, property developers, and prospective homeowners interested in sustainable living options.
Average Real Estate Taxes Per Tax Return in Essex County, VT Over the Last 10 Years
In the past decade, Essex County, Vermont has seen its average real estate taxes per tax return fluctuate significantly. Starting at $3764.10 in 2012, taxes peaked dramatically at $7125.00 in 2018, being the most notable spike. While they have since decreased to $4780.00 in 2021, the overall trend reveals an uptick, suggesting rising property values or increased tax rates over time. For investors, real estate agents, or anyone interested in property, these variables could indicate a maturing market with potential yield but also a likelihood of higher carrying costs.
Percentage of Farm Returns in Essex County, VT Over the Last 10 Years
The percentage of farm tax returns in Essex County, Vermont has shown some variability over the last decade, fluctuating between approximately 1.52% and 2.44%. Despite a slight peak in 2016 at around 2.44%, there is a gradual downward trend, reaching its lowest point in 2021 at roughly 1.52%. For investors or those considering moving to Essex County, understanding these farm tax return trends could provide insight into the agricultural activity and economic landscape of the area. Farm tax returns are essentially annual filings by farmers to report income, expenses, and often qualify for agricultural tax reliefs; consistent data can suggest stability or volatility in the agricultural sector.
Number of Mortgages by Occupancy Type in Essex County, VT Over the Last 5 Years in Essex County
The number of mortgages in Essex County, Vermont, shows notable shifts, particularly for principal residences and second homes. From 2018 to 2022, mortgages for principal residences jumped from 174 to 251, indicating a growing preference for making this county a primary living area. On the other hand, second residences saw a mixed trend, peaking in 2021 but dropping again by 2022. Investment properties remained relatively stable but low in count, suggesting limited interest in speculative real estate buying. For potential investors or those looking to move, this pattern could signify a thriving local community with increasingly solid long-term residency commitments, while sporadic changes in second home mortgages might reflect evolving seasonal demand or market fluidity. These nuances are key for building property, evaluating investments, or understanding neighborhood dynamics.
Economic Outlook
Essex County, Vermont has seen its average taxable income per tax return rise from $35,920.56 in 2013 to $50,716.16 in 2021, hinting at improving economic stability and investment potential. Average state and local income taxes per return have also surged, reaching approximately $9,000.00 in 2020, with a notable spike between 2017 and 2018 possibly due to changes in tax regulations or economic conditions. Additionally, the average total tax liability per tax return increased from $4,266.84 in... Read more
Average Taxable Income per Tax Return in Essex County, VT over the last 9 years
Over the past nine years, Essex County, Vermont has seen a consistent rise in average taxable income per tax return, increasing from $35,920.56 in 2013 to $50,716.16 in 2021. This trend could suggest growing economic stability and potentially enhanced investment opportunities. Real estate agents and property developers might infer a growing market potential, whereas insurance agents could anticipate a corresponding rise in premium base values. For those considering a move, higher taxable incomes might suggest better job opportunities and a healthier local economy.
Average State and Local Income Taxes Per Tax Return in Essex County, VT Over the Last 10 Years
Over the past decade, Essex County, Vermont has seen an upward trend in average state and local income taxes per tax return, starting from approximately $3,357.14 in 2012 and peaking at around $9,000.00 in 2020. Notably, there's a significant increase between 2017 and 2018, with a spike from $4,364.71 to $6,725.00, possibly indicating changes in tax regulations or economic conditions. This trend may be crucial for investors, appraisers, insurance agents, and real estate agents, as it could influence property values, insurance costs, and the overall attractiveness of the area for new residents or businesses.
Average Total Tax Liability Per Tax Return in Essex County, VT Over the Last 10 Years
Over the past decade, Essex County, Vermont has experienced a steady rise in average total tax liability per tax return, starting from $4,266.84 in 2012 and climbing up to $6,312.83 by 2021. This upward trend could suggest increasing income levels or changes in tax legislation affecting the area. Such trends are essential for investors, real estate agents, and those planning to move to or build property in the county, as they might indicate the evolving economic landscape and potential future financial commitments. For appraisers and insurance agents, this data may also influence property valuations and insurance rates, highlighting the overall economic growth or tax burden shifts within the locality.
Cost of Living in Essex County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,143 | $1,568 | $2,107 | $1,439 | $1,358 |
| 2 adults 3 children | $1,143 | $1,281 | $2,074 | $1,439 | $1,197 |
| 1 adult 4 children | $1,143 | $1,281 | $1,456 | $1,439 | $1,445 |
| 1 adult 3 children | $1,143 | $1,046 | $1,423 | $1,439 | $1,274 |
| 2 adults 2 children | $843 | $1,049 | $2,040 | $1,248 | $1,031 |
| 1 adult 2 children | $843 | $783 | $1,390 | $1,248 | $1,009 |
| 2 adults 1 child | $843 | $829 | $2,007 | $629 | $983 |
| 1 adult 1 child | $843 | $535 | $1,357 | $629 | $836 |
| 2 adults | $746 | $666 | $1,455 | $0 | $806 |
| 1 adult | $730 | $363 | $728 | $0 | $633 |
Safety trends & Data
Property crime trends in Essex County, Vermont reveal a low yet varied range of offenses over the last two years. In 2020, larceny-theft and embezzlement each had just one incident. Fast forward to 2021, and while still minimal, the diversity of crimes increased, including burglary, larceny-theft, forgery, counterfeiting, vandalism (each at 1.00), and stolen property offenses at 2.00. This nuanced crime data might prompt appraisers, insurance agents, and real estate stakeholders to be more... Read more
Property Crime Trends in Essex County, VT Over the Last 2 Years
Property crime trends in Essex County, Vermont show a low but diverse range of offenses over the last two years. In 2020, incidents of larceny-theft and embezzlement were reported, each with a count of 1.00. Moving to 2021, the data indicates a slight increase in variety, with occurrences of burglary, larceny-theft, forgery and counterfeiting, vandalism (each logging 1.00), and stolen property offenses at 2.00. These figures suggest that while property crime remains relatively minimal, potential investors and residents should be mindful of its various forms. This detailed crime breakdown might also influence appraisors, insurance agents, and those in real estate to consider preventive measures when evaluating opportunities in the county.
Demographics
In Essex County, Vermont, the demographic composition shows a nearly equal split between male and female adults. The educational attainment indicates that a significant portion of the population are high school graduates, with a smaller segment holding bachelor's or higher degrees. The age distribution skews older, with a noticeable concentration in the 55 to 64-year age group. The racial makeup is overwhelmingly white, with very limited representation from other racial groups. These... Read more
Race Distribution in Essex County, Vermont (2022)
Educational Attainment in Essex County, Vermont (2022)
Age Distribution in Essex County, Vermont
Citizen Population in Essex County, Vermont (2022)
Political Trends & Data
In Essex County, Vermont, the 2020 U.S. Presidential Election showed a slight Republican lean with just over 51% of the vote, while Democrats trailed at 44.6%. The region displays a predominantly two-party preference, but the nearly 3% "Other" vote suggests a nuanced electorate not fully aligned with major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Essex County, Vermont, the 2020 U.S. Presidential Election results suggest a slight lean towards the Republican party with just over 51% of the vote. Democrats followed closely, securing about 44.6%. Minor parties like the Libertarian and Green parties made up a small fraction of the electorate's choice, hinting at a predominantly two-party preference in this region. It’s interesting that the "Other" category captured nearly 3%, potentially indicating a nuanced voter base that doesn’t fully align with the major party platforms.
51.07% of voters voted for the Republican party in the 2020 Presidential Election
44.61% of voters voted for the Democrat party in the 2020 Presidential Election
1.13% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Green party in the 2020 Presidential Election
2.90% of voters voted for the Other party in the 2020 Presidential Election
School Data
Essex County, Vermont's student-to-teacher ratio, which has ranged between 7 and 11 over the past decade, underscores a potentially more personalized educational environment compared to the national average of 14 students per teacher. Peaking at nearly 11 in 2020, this ratio indicates a possible selling point for families prioritizing individualized attention in schools. Investors and real estate professionals might find this appealing, as it could attract buyers looking for quality education,... Read more
Student-to-teacher ratio in Essex County, Vermont over the last 10 years
Over the last decade, Essex County, Vermont has seen its student-to-teacher ratio fluctuate between 7 and 11, peaking at nearly 11 in 2020 before slightly declining. Compared to the national average of 14 students per teacher, Essex County's ratios suggest it offers a more intimate educational environment, potentially appealing to parents seeking individualized attention for their children. For investors and real estate agents, this could be a selling point for families considering moving to the area. Appraisers and insurance agents might also take note of these trends as they can impact property valuations and risk assessments in the education-focused community dynamics of Essex County.
