Orange County Real Estate and Livability Trends
Orange County, Vermont has seen a steady increase in average taxable income per tax return from roughly $48,023.47 in 2013 to around $68,774.54 in 2021, hinting at sustained economic growth. Median home values have risen from $189,400 in 2015 to $231,000 in 2022, falling below Vermont's median but above the national median. Real estate taxes have increased from about $4,796.95 in 2012 to roughly... Read more
Orange County Market Trends
Orange County, Vermont's median home values have risen from $189,400 in 2015 to $231,000 in 2022, staying somewhat below the state's median of $272,400 but notably above the national median of $179,400. The average residential energy tax credit per tax return in the county spiked to $3,884.21 in 2018 before stabilizing at $2,238.64 in 2021, reflecting volatile yet growing investments in... Read more
Median Value of Occupied Housing Units in Orange County, Vermont Over the Last 8 Years
Orange County, Vermont's median home values have risen from $189,400 in 2015 to $231,000 in 2022, reflecting a steady increase with a slight dip in 2017. While Orange County's growth in property values mirrors the overall trend in Vermont, it's still somewhat below the state's median of $272,400 in 2022. Interestingly, Orange County's housing market remains notably higher than the national median value, which was $179,400 in 2022. These dynamics suggest that while the county may offer more affordability compared to the broader state, it remains a pricier alternative on a national scale, potentially attracting those looking for relatively accessible markets within Vermont's competitive landscape.
Residential Energy Tax Credit Per Tax Return in Orange County, VT Over the Last 9 Years
Over the last nine years, Orange County, Vermont has seen significant fluctuation in the average residential energy tax credit per tax return. From a starting value of $788.68 in 2013, the credits peaked at a notable $3,884.21 in 2018 before settling at $2,238.64 in 2021. This trend suggests a growing but volatile investment in energy-efficient home improvements, potentially driven by varying incentives or economic conditions. This volatility can be of particular interest for investors and homeowners intending to leverage energy credits, as well as real estate agents assessing the added value energy-efficient upgrades might bring to properties.
Average Real Estate Taxes Per Tax Return in Orange County, VT Over the Last 10 Years
Over the past decade, Orange County, Vermont has seen a marked increase in average real estate taxes per tax return, starting at approximately $4,796.95 in 2012 and peaking at about $7,369.74 in 2019. This upward trend is significant for investors, builders, and real estate agents as it reflects rising property values and potential returns on investment. For those moving to or currently living in the area, it underscores the importance of budgeting for higher property taxes, which can impact overall housing affordability. Appraisers and insurance agents should take note of these trends as they provide context for property valuations and risk assessments.
Percentage of Farm Returns in Orange County, VT Over the Last 10 Years
Orange County, Vermont has seen a fluctuating yet generally declining trend in the percentage of farm tax returns over the last decade, starting at around 2.69% in 2012 and dropping to approximately 2.14% by 2021. Farm tax returns are indirect indicators of the agricultural sector's health and activity, reflecting how many farming operations are generating taxable income. This metric can guide potential investors or residents by showcasing the area's agricultural stability or decline. A lower percentage of farm returns might indicate fewer active farms, which could impact local economies, property values, and community dynamics especially for those looking to invest in property or businesses tied to agricultural outputs.
Number of Mortgages by Occupancy Type in Orange County, VT Over the Last 5 Years in Orange County
Investment property mortgages in Orange County, Vermont have seen a fluctuating yet overall upward trend from 15 in 2018 to 40 in 2022, suggesting increasing interest in investment opportunities. Mortgages on principal residences peaked in 2021 at 1,388 but dropped to 982 in 2022, possibly pointing to changing market dynamics or economic factors. Second residence mortgages varied with a high of 93 in 2021 and a notable drop to 43 in 2022, which could indicate shifting preferences or economic pressures. These changes suggest a dynamic real estate market that could impact investment decisions, pricing strategies for real estate professionals, and insurance evaluations. Investors might want to delve into the underlying causes to better strategize, while appraisers and realtors could adjust their approaches based on occupancy type trends.
Economic Outlook
Orange County, Vermont has observed a steady rise in average taxable income per tax return, moving from approximately $48,023.47 in 2013 to about $68,774.54 by 2021, possibly indicating sustained economic growth. Coupled with this, the average state and local income taxes have jumped from $4,285.80 in 2012 to $10,973.85 in 2021, with a notable spike between 2017 and 2018. Additionally, the region's total tax liability per tax return surged from $6,506.29 in 2012 to $10,248.07 in 2021. These... Read more
Average Taxable Income per Tax Return in Orange County, VT over the last 9 years
Over the past nine years, Orange County, Vermont has seen a notable upward trend in average taxable income per tax return, increasing from approximately $48,023.47 in 2013 to about $68,774.54 in 2021. This rise could indicate consistent economic growth, making the area potentially appealing for investors and real estate developers. Additionally, higher average incomes may justify higher property valuations and insurance premiums, which can be pertinent for appraisers and insurance agents. For those considering moving to or already living in the county, this trend may reflect an improving economic environment.
Average State and Local Income Taxes Per Tax Return in Orange County, VT Over the Last 10 Years
The average state and local income taxes per tax return in Orange County, Vermont have shown a general upward trend over the past decade, starting from around $4,285.80 in 2012 and rising to $10,973.85 by 2021. Notably, there was a significant increase between 2017 and 2018, with the average tax jumping from $5,675.74 to $7,597.30. Such trends could be reflective of increasing incomes or possibly adjustments in tax policies within the state. This data could be crucial for investors, real estate agents, and those considering moving to Orange County, as it suggests a potentially higher tax burden over time. Appraisers and insurance agents might also find these trends relevant for understanding shifts in local economic conditions.
Average Total Tax Liability Per Tax Return in Orange County, VT Over the Last 10 Years
Over the last decade, Orange County, Vermont has seen a noticeable rise in average total tax liability per tax return. Starting at $6,506.29 in 2012, the tax liability has steadily climbed to $10,248.07 by 2021, reflecting a potential increase in income levels or changes in tax policies. This trend could be pertinent for investors, real estate agents, appraisers, and individuals considering moving to the area, as the upward shift suggests a growing economic base albeit with potentially higher tax implications.
Cost of Living in Orange County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,427 | $1,749 | $2,107 | $1,678 | $1,680 |
| 2 adults 3 children | $1,427 | $1,429 | $2,074 | $1,678 | $1,482 |
| 1 adult 4 children | $1,427 | $1,429 | $1,456 | $1,678 | $1,768 |
| 1 adult 3 children | $1,427 | $1,167 | $1,423 | $1,678 | $1,588 |
| 2 adults 2 children | $1,125 | $1,170 | $2,040 | $1,455 | $1,271 |
| 1 adult 2 children | $1,125 | $874 | $1,390 | $1,455 | $1,279 |
| 2 adults 1 child | $1,125 | $925 | $2,007 | $731 | $1,121 |
| 1 adult 1 child | $1,125 | $597 | $1,357 | $731 | $1,029 |
| 2 adults | $857 | $743 | $1,455 | $0 | $856 |
| 1 adult | $852 | $405 | $728 | $0 | $682 |
Safety trends & Data
Property crime trends in Orange County, Vermont have been variable over the past five years, with notable surges in 2022. Larceny-theft and vandalism reached 9.0 and 8.0 reported incidents, while burglary saw a sharp rise to 5.0 incidents from a previous steady rate of 1.0. The diverse range of property crimes, including motor vehicle theft and fraud, suggests shifting safety dynamics that may impact real estate values and insurance considerations for investors and property... Read more
Property Crime Trends in Orange County, VT Over the Last 5 Years
Orange County, Vermont has shown variable property crime trends over the last five years, with notable spikes in 2022. Larceny-theft and vandalism have fluctuated but surged significantly in 2022, reaching 9.0 and 8.0 reported incidents respectively. Burglary experienced a sharp rise in 2022 with 5.0 incidents compared to consistent 1.0 incident rates in previous years. The presence of motor vehicle theft, fraud, and stolen property offenses suggest a diverse range of property crimes, though their occurrences remain relatively low compared to larceny and vandalism. Potential investors, property developers, and local residents should be aware of these trends as they reflect changing safety dynamics and could impact real estate values and insurance considerations.
Demographics
With a nearly even split between male and female populations, Orange County, Vermont shows balanced gender demographics, which might suggest equal gender representation in community activities and local governance. The county sees a significant portion of the population aged 55 to 64, pointing to a potentially large group entering retirement soon and impacting local healthcare and retirement services. Educational attainment is quite varied, but the high percentage of residents with a high... Read more
Race Distribution in Orange County, Vermont (2022)
Educational Attainment in Orange County, Vermont (2022)
Age Distribution in Orange County, Vermont
Citizen Population in Orange County, Vermont (2022)
Political Trends & Data
In Orange County, Vermont, the 2020 U.S. Presidential Election potentially pointed to a Democratic-leaning voter base, with Democrats securing approximately 56% of the vote compared to 39% for Republicans. Minor parties like the Libertarian and Green parties saw minimal support, around 1% and 0.3% respectively. This political landscape might suggest that local real estate trends could be influenced by policies and priorities often associated with Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Orange County, Vermont, the 2020 U.S. Presidential Election saw Democrats potentially securing a strong lead with around 56% of the vote, compared to Republicans at nearly 39%. Third parties like the Libertarian and Green parties garnered minimal support, each attracting just over 1% and 0.3% respectively, with other parties cumulatively receiving about 3.6%. This distribution could indicate a predominantly Democratic-leaning voter base in the area.
38.87% of voters voted for the Republican party in the 2020 Presidential Election
56.14% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
3.62% of voters voted for the Other party in the 2020 Presidential Election
School Data
Orange County, Vermont's student-to-teacher ratio has fluctuated over the past decade, peaking at 12 in 2020 and dipping to nearly 10 in 2018 and 2023, consistently below the national average of 14. Smaller class sizes may suggest more personalized student attention, potentially making the area more attractive to families. This commitment to education could influence real estate values and demand, signaling to investors and developers the county's prioritization of quality schooling. Realtors,... Read more
Student-to-teacher ratio in Orange County, Vermont over the last 10 years
Over the past decade, Orange County, Vermont has seen its student-to-teacher ratio fluctuate, peaking at 12 in 2020 and dipping to a low of nearly 10 in 2018 and 2023. This trend is consistently below the national average of 14 students per teacher, potentially indicating smaller class sizes. Smaller ratios might suggest more personalized attention for students, which could be a selling point for families considering a move to the area. For investors and developers, these statistics might hint at the county's commitment to education, influencing real estate values and demands. Realtors, appraisers, and insurance agents might interpret these data points as indicators of the area's overall appeal regarding educational quality.
