Lamoille County Real Estate and Livability Trends
Lamoille County, Vermont's real estate market shows signs of economic growth alongside rising costs. Median home values jumped from $243,800 in 2021 to $270,700 in 2022, significantly outpacing broader trends. Concurrently, average taxable income per tax return rose from about $58,340.84 in 2013 to $91,575.22 in 2021, while state and local income taxes escalated from $6,730 in 2012 to nearly... Read more
Lamoille County Market Trends
Lamoille County, Vermont, has experienced a sharp increase in median home values, surging from $243,800 in 2021 to $270,700 in 2022, outpacing both state and national trends. Meanwhile, residential energy tax credits per tax return spiked dramatically in 2018 to $4,363.64 before stabilizing between $1,704.00 and $2,088.46, hinting at shifts in energy-efficient investments or tax policy changes.... Read more
Median Value of Occupied Housing Units in Lamoille County, Vermont Over the Last 8 Years
Lamoille County, Vermont, has seen a steady rise in median home values over the past eight years, with a particularly sharp increase from $243,800 in 2021 to $270,700 in 2022. This jump outpaces state and national trends, where Vermont's median values grew from $240,600 to $272,400 and national figures increased from $157,100 to $179,400 in the same period. This makes Lamoille County an increasingly attractive market for potential investors and homebuyers seeking growth opportunities within Vermont.
Residential Energy Tax Credit Per Tax Return in Lamoille County, VT Over the Last 9 Years
Over the past nine years in Lamoille County, Vermont, there's been a noticeable fluctuation in residential energy tax credit claims per tax return. Starting with $563.89 in 2013, the credits experienced a significant spike, peaking at $4,363.64 in 2018, before returning to a more stable range between $1,704.00 and $2,088.46 in subsequent years. This variability could suggest shifts in energy-efficient investments or changes in related tax policies, a factor of interest for investors, homebuilders, real estate agents, and local residents aiming to optimize their energy efficiency-related financial benefits.
Average Real Estate Taxes Per Tax Return in Lamoille County, VT Over the Last 10 Years
Over the last decade, Lamoille County, Vermont has seen a notable rise in average real estate taxes per tax return, climbing from approximately $5,596.44 in 2012 to around $10,636.84 in 2021. This surge could suggest increased property valuations or changes in local tax policies and impacts both property investors and homeowners. Real estate agents may find this information crucial for setting client expectations and insurance agents might consider these trends when calculating premiums. The steepest jumps occurred between 2017 and 2018, and again from 2019 to 2020, possibly indicative of significant shifts in the local market or infrastructure investments affecting property values.
Percentage of Farm Returns in Lamoille County, VT Over the Last 10 Years
The percentage of farm tax returns in Lamoille County, Vermont has generally hovered around 1.5% to 1.3% over the last decade. Despite some minor fluctuations, like a peak of approximately 1.68% in 2017, the rate has seen a slight overall decline, hitting around 1.32% in 2021. Farm tax returns indicate the percentage of tax filings coming from farm operations and provide insight into the agricultural sector's presence. For investors, builders, and residents, these trends may suggest a slight decrease in farm-based economic activity, possibly hinting at shifts towards other sectors or changes in farm viability within the county.
Number of Mortgages by Occupancy Type in Lamoille County, VT Over the Last 5 Years in Lamoille County
Over the past five years, Lamoille County, Vermont has seen fluctuating trends in mortgage counts, particularly for investment and second residences, which suggests varying levels of interest in property types beyond principal residences. In 2021, principal residences led with 1,489 mortgages, whereas investment properties and second residences held at 154 and 292, respectively. This contrasts with a noticeable dip in 2022, where principal residence mortgages dropped to 1,003 and investment property mortgages to 128, possibly reflecting broader economic or market conditions. Such shifts in occupancy types are crucial for real estate agents, investors, and builders to strategize and respond to demand changes. Insurance agents and appraisers might also need to adjust their models and risk assessments based on fluctuating property utilization types. These trends hint at potential opportunities for growth or caution areas for those interested in the county's real estate market.
Economic Outlook
Lamoille County, Vermont has seen average taxable income per tax return jump from about $58,340.84 in 2013 to around $91,575.22 in 2021, hinting at growing local affluence. Average state and local income taxes have also soared, going from $6,730 in 2012 to nearly $28,800 in 2021, which could influence the cost of living and real estate values. Meanwhile, the average total tax liability per tax return has more than doubled from $8,921.05 in 2012 to around $16,709.69 in 2021. These upward trends... Read more
Average Taxable Income per Tax Return in Lamoille County, VT over the last 9 years
Lamoille County, Vermont has experienced a notable increase in average taxable income per tax return over the past nine years, with a significant jump from approximately $58,340.84 in 2013 to around $91,575.22 in 2021. This rising trend suggests a potentially growing affluence in the area, which could make it an attractive opportunity for real estate investors and developers. Those moving to or currently residing in Lamoille County might see this as a sign of a robust local economy, while appraisers and insurance agents could consider these income levels when assessing property values and risk profiles.
Average State and Local Income Taxes Per Tax Return in Lamoille County, VT Over the Last 10 Years
In Lamoille County, Vermont, average state and local income taxes per tax return have seen a significant increase over the past decade, doubling from around $6,730 in 2012 to nearly $28,800 in 2021. This steep rise particularly since 2018 could reflect broader economic shifts, changes in tax laws, or increasing incomes driving higher tax liabilities. These figures might matter for those investing or moving to Lamoille County, as higher tax commitments could influence overall cost of living assessments, property values, and investment potential. Appraisers and real estate agents may find these trends useful when providing advice or services, while insurance agents might consider these changes when evaluating risk and coverage needs.
Average Total Tax Liability Per Tax Return in Lamoille County, VT Over the Last 10 Years
The average total tax liability per tax return in Lamoille County, Vermont has seen a notable upward trend over the past decade. Starting at around $8,921.05 in 2012, it has gradually increased, peaking at approximately $16,709.69 in 2021. This steady rise in tax liability indicates potential growth in incomes or property values, making the area attractive for investors. However, it may also suggest rising costs, which could affect decisions for those considering moving or building properties in the region. Understanding these changes could be crucial for real estate agents and insurance agents evaluating market dynamics.
Cost of Living in Lamoille County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,544 | $1,802 | $2,107 | $1,704 | $1,774 |
| 2 adults 3 children | $1,544 | $1,472 | $2,074 | $1,704 | $1,573 |
| 1 adult 4 children | $1,544 | $1,471 | $1,456 | $1,704 | $1,847 |
| 1 adult 3 children | $1,544 | $1,202 | $1,423 | $1,704 | $1,680 |
| 2 adults 2 children | $1,158 | $1,205 | $2,040 | $1,475 | $1,301 |
| 1 adult 2 children | $1,158 | $900 | $1,390 | $1,475 | $1,312 |
| 2 adults 1 child | $1,158 | $952 | $2,007 | $731 | $1,136 |
| 1 adult 1 child | $1,158 | $615 | $1,357 | $731 | $1,049 |
| 2 adults | $880 | $765 | $1,455 | $0 | $866 |
| 1 adult | $874 | $417 | $728 | $0 | $693 |
Safety trends & Data
Lamoille County, Vermont has seen notable fluctuations in property crimes over the past five years. Larceny-theft incidents surged, peaking at 48 cases in 2022 from 17 in 2018, while burglaries increased to 11 incidents from 3 over the same period. Vandalism spiked to 26 cases in 2019 before slightly declining in subsequent years. On the other hand, fraud and forgery cases showed inconsistent trends without a clear upward or downward pattern. These shifting crime statistics may impact property... Read more
Property Crime Trends in Lamoille County, VT Over the Last 5 Years
Lamoille County, Vermont has experienced notable fluctuations in property crimes over the past five years. Larceny-theft incidents have surged, peaking at 48 cases in 2022 from 17 in 2018. Burglary rates also fluctuated, with a notable increase to 11 incidents in 2022 from just 3 in 2018. Vandalism incidents saw a sharp rise to 26 in 2019, with a slight decline in the subsequent years. Interestingly, fraud and forgery cases have shown inconsistent patterns but do not seem to show a strong upward or downward trend overall. These changing trends highlight the need for appraisers, real estate agents, and potential investors to stay current with local crime statistics, as they can impact property values and insurance rates.
Demographics
Lamoille County, Vermont presents a balanced gender ratio with only a slight majority of females. The area shows an interesting educational landscape where a notable portion of residents have attained a bachelor's degree or higher. The population skews towards middle age, with significant numbers in the 25 to 64 age range. The racial makeup is predominantly White, with minimal representation from other racial groups. This demographic setup influences the local culture, workforce composition,... Read more
Race Distribution in Lamoille County, Vermont (2022)
Educational Attainment in Lamoille County, Vermont (2022)
Age Distribution in Lamoille County, Vermont
Citizen Population in Lamoille County, Vermont (2022)
Political Trends & Data
Lamoille County, Vermont, has shown a marked preference for Democratic candidates, with an estimated 69% of the vote potentially going to the party. In contrast, Republicans are likely to receive only around 27%. Minor parties such as the Libertarian and Green seem to have minimal sway, collectively holding less than 4% of the vote. This suggests a significant partisan divide, with limited traction for third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
The data on Lamoille County, Vermont suggests a significant leaning towards the Democratic party, with nearly 69% of the votes potentially going their way. Republicans appear to have garnered roughly 27%, a notable gap when compared to the Democrats. Minor parties like the Libertarian and Green parties, along with other smaller groups, collectively represent a modest sliver of the vote, each staying below 4%. This could imply a strong partisan divide in the area, while indicating limited influence from third parties.
26.60% of voters voted for the Republican party in the 2020 Presidential Election
68.71% 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
0.32% of voters voted for the Green party in the 2020 Presidential Election
3.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Lamoille County, Vermont, has often remained below the national average of 14 students per teacher over the past decade. With a notable low of 9 in 2018, suggesting smaller class sizes, this trend may indicate better individual student attention and potentially improved educational outcomes. These dynamics could be particularly compelling for prospective homebuyers, investors, and real estate agents, as lower ratios often correlate with more personalized... Read more
Student-to-teacher ratio in Lamoille County, Vermont over the last 10 years
The student-to-teacher ratio in Lamoille County, Vermont, has varied over the past decade, generally remaining below the national average of 14 students per teacher. Notably, the ratio hit a low of 9 in 2018, suggesting smaller class sizes compared to other periods, which could indicate advantages in individual student attention and potentially improved educational outcomes. These fluctuations might be valuable for prospective homebuyers, investors, and real estate agents as they reflect on educational resources available in the area. Lower ratios can also be significant for families considering moving to the county, as they often correlate with more personalized instruction.
