Grand Isle County Real Estate and Livability Trends
Grand Isle County, Vermont has seen a significant increase in average taxable income, jumping from roughly $60,471.65 in 2013 to about $99,794.93 by 2021, hinting at a stronger local economy and potential for real estate appreciation. Median home values have also risen sharply from $261,300 in 2015 to $339,600 in 2022, outpacing broader markets. Real estate taxes have increased in tandem, peaking... Read more
Grand Isle County Market Trends
Grand Isle County, Vermont has experienced substantial growth in median home values, rising from $261,300 in 2015 to $339,600 in 2022, outpacing state and national averages. This trend may indicate strong appreciation potential relative to broader markets. Over the same period, real estate taxes per tax return have also climbed, peaking at $10,860.61 in 2020 before a slight drop in 2021, hinting... Read more
Median Value of Occupied Housing Units in Grand Isle County, Vermont Over the Last 8 Years
Grand Isle County, Vermont, has experienced a marked increase in median home values over the past eight years, rising from $261,300 in 2015 to $339,600 in 2022. This growth outpaces both the state average in Vermont – which saw an increase from $217,500 to $272,400 over the same period – and the national median, which moved from $125,500 to $179,400. For those considering investment or relocation, this trend suggests that Grand Isle County may offer a strong appreciation potential relative to broader market trends in both Vermont and the United States.
Residential Energy Tax Credit Per Tax Return in Grand Isle County, VT Over the Last 9 Years
Over the past nine years, Grand Isle County, Vermont has seen notable fluctuations in residential energy tax credits per tax return. Starting at $1,522.22 in 2013, the average credit dropped, reaching a low of $1,080.00 in 2015. However, a remarkable spike occurred in 2018 with credits soaring to $4,500.00. Understanding the volatile trend, with peaks and valleys, could be valuable for prospective property investors and homeowners as they navigate the costs associated with energy-efficient upgrades. This pattern might also be useful for appraisers and insurance agents assessing the evolving value and risk in residential properties.
Average Real Estate Taxes Per Tax Return in Grand Isle County, VT Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Grand Isle County, Vermont have seen a notable upward trend. Starting at approximately $6,074.19 in 2012, the figures have increased steadily, peaking at $10,860.61 in 2020 before a slight decline to about $10,180.65 in 2021. This suggests a surge in property values or possibly tax rate adjustments, making it crucial for potential investors, homebuyers, and financial professionals to consider these cost implications.
Percentage of Farm Returns in Grand Isle County, VT Over the Last 10 Years
Over the past decade, Grand Isle County, Vermont has seen a fluctuating trend in farm tax returns, generally hovering between 1.65% and 2.31%. A peak was observed in 2013 at roughly 2.31%, while the lowest point came in 2021 at about 1.66%. Farm tax returns, which indicate the portion of income derived from agricultural activities reported for tax purposes, can offer insights into the local agriculture economy's health. Investors, potential residents, and developers may find these values useful for understanding the region's economic stability and the viability of agricultural ventures.
Number of Mortgages by Occupancy Type in Grand Isle County, VT Over the Last 5 Years in Grand Isle County
Mortgages for Principal Residences in Grand Isle County, Vermont have generally remained higher compared to those for Investment and Second Residences over the last five years. Despite a slight dip in 2022, principal residence mortgages show a stable trend, suggesting steady demand for long-term housing. In contrast, Second Residences saw a significant drop in recent years, indicating potential waning interest in vacation or secondary homes. Investment Property mortgages have consistently been the lowest, possibly reflecting cautious investor activity or a smaller rental market. Such shifts in occupancy type are crucial for investors assessing market stability, insurance agents calculating risk, and potential buyers gauging community dynamics. Real estate agents and property developers can leverage these trends to make data-driven decisions about future projects in the area.
Economic Outlook
In Grand Isle County, Vermont, average taxable income per tax return has grown impressively, from approximately $60,471.65 in 2013 to around $99,794.93 by 2021. This trend signals a stronger local economy and potential for real estate appreciation. Concurrently, average state and local income taxes per tax return have also surged, reaching about $23,260.71 by 2021, possibly reflecting higher incomes and/or changing tax policies. This increase underscores economic shifts, suggesting that... Read more
Average Taxable Income per Tax Return in Grand Isle County, VT over the last 9 years
In Grand Isle County, Vermont, the average taxable income per tax return has seen a notable increase over the last nine years. Starting from approximately $60,471.65 in 2013, it has gradually risen to around $99,794.93 by 2021. This upward trend might interest investors and real estate agents as it reflects the region's growing economic strength and potential for higher household incomes. This could imply a stronger market for property value appreciation and potential for higher returns on real estate investments. For appraisers and insurance agents, this increment can suggest recalibrating valuations and policy adjustments to align with the rising income levels and their impact on property evaluations.
Average State and Local Income Taxes Per Tax Return in Grand Isle County, VT Over the Last 10 Years
Over the past decade, Grand Isle County, Vermont has seen a significant rise in average state and local income taxes per tax return, starting at around $5,840.17 in 2012 and accelerating to approximately $23,260.71 by 2021. This marked increase could be indicative of higher incomes, changing tax policies, or both, and may affect decisions on moving, investing, or real estate transactions in the area. Worth noting for potential investors and residents, this trend might reflect broader economic growth or shifting financial burdens that warrant careful consideration.
Average Total Tax Liability Per Tax Return in Grand Isle County, VT Over the Last 10 Years
Over the past decade, Grand Isle County, Vermont has seen a fluctuating trend in average total tax liability per tax return, surging from $9,472.04 in 2012 to a peak of $21,044.83 in 2021. The data indicates notable increases around 2014 and 2019-2021, pointing to economic factors or policy changes that might impact taxes. Prospective investors, real estate agents, and local businesses should consider these potential fluctuations in tax liabilities when planning financial strategies. This historical insight could be key for appraisers and insurance agents, as it might reflect broader economic conditions affecting property values and risk assessments.
Cost of Living in Grand Isle County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,614 | $1,544 | $2,098 | $2,134 | $1,936 |
| 2 adults 3 children | $1,614 | $1,262 | $2,061 | $2,134 | $1,760 |
| 1 adult 4 children | $1,614 | $1,261 | $1,459 | $2,134 | $2,048 |
| 1 adult 3 children | $1,614 | $1,030 | $1,422 | $2,134 | $1,884 |
| 2 adults 2 children | $1,315 | $1,033 | $2,024 | $1,887 | $1,521 |
| 1 adult 2 children | $1,315 | $771 | $1,385 | $1,887 | $1,560 |
| 2 adults 1 child | $1,315 | $816 | $1,988 | $1,084 | $1,282 |
| 1 adult 1 child | $1,315 | $527 | $1,349 | $1,084 | $1,258 |
| 2 adults | $1,008 | $656 | $1,432 | $0 | $886 |
| 1 adult | $927 | $358 | $716 | $0 | $706 |
Safety trends & Data
Grand Isle County, Vermont has experienced a low property crime rate over the past five years, with a notable peak in larceny-theft at 8.0 cases in 2019 before a sharp decline. Burglary and vandalism have been minimal and sporadic, while embezzlement and fraud show minimal activity. This low crime environment could be appealing to investors, real estate developers, and prospective residents eying the... Read more
Property Crime Trends in Grand Isle County, VT Over the Last 5 Years
Grand Isle County, Vermont has experienced relatively low property crime rates over the last five years. The most notable incidents are related to larceny-theft, which peaked in 2019 with a possibly higher-than-usual 8.0 cases, but then dropped significantly in the following years. Burglary and vandalism incidents have been minimal and sporadic. It's also worth noting that embezzlement and fraud have shown minimal activity, suggesting that while property crime exists, it does not appear to be a significant or growing concern in this area, making it potentially attractive for investors, real estate developers, and those considering moving to the region.
Demographics
Grand Isle County, Vermont, in 2022, presents a balanced adult male and female population, with a slight male majority. Educationally, a significant portion of the population has completed high school, and many have pursued higher education, with notable numbers holding bachelor's or graduate degrees. Age distribution data points to a relatively older population, with a large segment between the ages of 55 and 64 years. Racially, the county is predominantly White, featuring minimal diversity... Read more
Race Distribution in Grand Isle County, Vermont (2022)
Educational Attainment in Grand Isle County, Vermont (2022)
Age Distribution in Grand Isle County, Vermont
Citizen Population in Grand Isle County, Vermont (2022)
Political Trends & Data
In Grand Isle County, Vermont, the 2020 U.S. Presidential Election results suggest a clear Democratic preference, as approximately 57.9% of votes went to Democrats, while Republicans garnered about 37.9%. Minor parties, including Libertarians and the Green Party, collectively accounted for just 4.1% of the vote, signaling limited third-party impact. This trend underscores a predominantly two-party political landscape in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grand Isle County, Vermont, the 2020 U.S. Presidential Election leaned more Democratic, with approximately 57.9% of the vote compared to about 37.9% for Republicans. Minor parties collectively accounted for a modest 4.1%, with Libertarians capturing around 0.8% and the Green Party at roughly 0.2%. This distribution highlights a predominantly two-party system, with third-party influences remaining minimal.
37.95% of voters voted for the Republican party in the 2020 Presidential Election
57.87% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
3.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grand Isle County, Vermont has maintained a student-to-teacher ratio between 8 and 11 over the past decade, consistently below the national average of 14. This suggests more individualized attention for students, potentially appealing to families and enhancing local real estate allure. However, higher education costs associated with this lower ratio could impact property appraisals and insurance rates in the... Read more
Student-to-teacher ratio in Grand Isle County, Vermont over the last 10 years
The student-to-teacher ratio in Grand Isle County, Vermont has fluctuated over the past decade, hovering between 8 and 11 students per teacher. Notably, this is consistently below the national average of 14 students per teacher. This lower ratio might imply more individualized attention for students, which can be attractive for parents considering moving to the area. Real estate agents and investors might see this as a positive feature that enhances the appeal of local schools. However, it could also indicate higher education costs, which might influence appraisals and insurance for properties within the county.
