Rutland County Real Estate and Livability Trends
Rutland County, Vermont's economic stability has seen average taxable income per tax return rise from $47,547.67 in 2013 to $67,398.44 in 2021, but state and local income taxes have also more than doubled, reaching $13,563.89. Median home values peaked at $203,500 in 2022, staying below Vermont's median but above the national average. Residential energy tax credits spiked in 2018, indicating... Read more
Rutland County Market Trends
Rutland County, Vermont's median home values peaked at $203,500 in 2022, below the state median of $272,400 but well above the national $179,400. Residential energy tax credits spiked in 2018 to $3,935, suggesting strong energy efficiency efforts among homeowners. Real estate taxes increased notably over the decade, reaching $7,086.79 in 2021, likely influencing property values and investment... Read more
Median Value of Occupied Housing Units in Rutland County, Vermont Over the Last 8 Years
Rutland County, Vermont has seen fluctuating median home values over the past eight years, with a notable increase to $203,500 in 2022. Though this figure is lower than the state’s median of $272,400, it's considerably higher than the national median of $179,400 for the same year. Investors and potential homeowners might find Rutland County appealing given its recent upward trend and more affordable housing compared to the broader Vermont market, suggesting potential for steady investment returns.
Residential Energy Tax Credit Per Tax Return in Rutland County, VT Over the Last 9 Years
Rutland County, Vermont has seen fluctuating but generally increasing average residential energy tax credits per tax return over the past nine years. Notably, there was a dramatic spike in 2018, with the average credit reaching $3935.00, and another peak in 2017 at $2132.50. This suggests an intensified focus on energy efficiency upgrades among homeowners during these years. Such trends could signal strong community engagement with sustainable practices, which might be appealing for investors, homeowners considering energy-efficient renovations, and insurance agents assessing property values. Potential homebuyers and real estate professionals should take note of this county's commitment to energy efficiency as it could influence long-term costs and property desirability.
Average Real Estate Taxes Per Tax Return in Rutland County, VT Over the Last 10 Years
Over the past decade, real estate taxes in Rutland County, Vermont have seen a noticeable upward trajectory, rising from $4,413.12 in 2012 to $7,086.79 in 2021. Significant jumps occurred between 2017 and 2019, suggesting potential increases in property values or tax rates. These trends likely influence decisions for investors, homebuyers, and professionals related to property markets, warranting close attention to fiscal policies and economic conditions in the area.
Percentage of Farm Returns in Rutland County, VT Over the Last 10 Years
Rutland County, Vermont has seen its percentage of farm returns fluctuate around the 1.02% to 1.21% range over the last decade. Farm tax returns, indicating the proportion of total tax filers who report farm income, reflect the health and presence of agricultural activities in the county. From a peak of 1.21% in 2014 to a low of 1.02% in 2020, there's a subtle downward trend suggesting a possible consolidation or diversification in the local agricultural economy. Investors, potential residents, and property developers could find these insights valuable as they navigate economic opportunities and lifestyle choices in the region. Understanding such trends helps in assessing the viability and support of agriculture within the community.
Number of Mortgages by Occupancy Type in Rutland County, VT Over the Last 5 Years in Rutland County
In Rutland County, Vermont, the number of mortgages for principal residences has generally stayed high, reflecting a stable demand for primary homes. Meanwhile, second residence mortgages saw a spike in 2020 and 2021, possibly indicating a trend towards vacation properties, which could influence local tourism and seasonal business opportunities. Investment property mortgages have also gradually increased, albeit at a slower rate, hinting at a cautious yet growing interest in real estate investment. These shifting patterns are critical for potential investors, real estate agents, and appraisers as they reveal the evolving dynamics of local housing demand, which could impact property values, rental markets, and insurance rates.
Economic Outlook
Rutland County, Vermont has experienced a consistent rise in average taxable income per tax return, climbing from around $47,547.67 in 2013 to about $67,398.44 in 2021, suggesting increased economic stability. Simultaneously, average state and local income taxes per tax return have more than doubled, reaching approximately $13,563.89 by 2021, which may indicate higher fiscal burdens for residents. The total tax liability per tax return has also grown, peaking at $10,377.02 in 2021, translating... Read more
Average Taxable Income per Tax Return in Rutland County, VT over the last 9 years
Over the past nine years, Rutland County, Vermont has seen a consistent rise in average taxable income per tax return, with figures increasing from approximately $47,547.67 in 2013 to around $67,398.44 in 2021. This upward trend suggests a growing economic stability and potentially increasing disposable incomes in the area, which could be attractive to real estate investors and developers. With the steady rise in income, insurance agents may also find opportunities for higher coverage policies, while appraisers might see higher property values, reflecting the area's economic health.
Average State and Local Income Taxes Per Tax Return in Rutland County, VT Over the Last 10 Years
Over the past decade, Rutland County, Vermont has seen a significant increase in average state and local income taxes per tax return. Starting from approximately $4,806.36 in 2012, the amount has more than doubled to about $13,563.89 by 2021. Notably, there was a substantial jump between 2017 and 2018 from $6,331.00 to $8,710.07, and another sharp increase from $8,710.07 in 2018 to $12,044.93 in 2019. For those considering investing, building, or moving to Rutland County, this trend could imply rising fiscal obligations which may affect long-term financial planning and property values.
Average Total Tax Liability Per Tax Return in Rutland County, VT Over the Last 10 Years
Rutland County, Vermont, has seen a gradually increasing trend in average total tax liability per tax return over the past decade, moving from $6,698.08 in 2012 to $10,377.02 in 2021. This financial data could imply rising income levels, increased property values, or changes in tax policy, all of which can significantly impact investment decisions and property valuations. The sharp rise in the last three years, especially from $8,464.62 in 2019 to $10,377.02 in 2021, might be of particular interest for stakeholders evaluating market conditions or considering new projects.
Cost of Living in Rutland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,440 | $1,693 | $2,107 | $1,862 | $1,671 |
| 2 adults 3 children | $1,440 | $1,383 | $2,074 | $1,862 | $1,481 |
| 1 adult 4 children | $1,440 | $1,383 | $1,456 | $1,862 | $1,761 |
| 1 adult 3 children | $1,440 | $1,129 | $1,423 | $1,862 | $1,588 |
| 2 adults 2 children | $1,088 | $1,132 | $2,040 | $1,622 | $1,244 |
| 1 adult 2 children | $1,088 | $846 | $1,390 | $1,622 | $1,251 |
| 2 adults 1 child | $1,088 | $895 | $2,007 | $844 | $1,091 |
| 1 adult 1 child | $1,088 | $578 | $1,357 | $844 | $991 |
| 2 adults | $911 | $719 | $1,455 | $0 | $836 |
| 1 adult | $904 | $392 | $728 | $0 | $667 |
Safety trends & Data
Property crime trends in Rutland County, Vermont have seen notable fluctuations over the past five years, particularly in larceny-theft cases which spiked from 86 in 2020 to 233 in 2022. This surge might be concerning for potential investors and property buyers. Meanwhile, vandalism and burglary figures have stayed relatively stable, with vandalism averaging around 20 cases per year. These trends could suggest underlying economic or social issues affecting crime rates, making it an important... Read more
Property Crime Trends in Rutland County, VT Over the Last 5 Years
Property crime trends in Rutland County, Vermont over the last five years show notable fluctuations, particularly in larceny-theft cases. Larceny-theft incidents significantly spiked from 86 in 2020 to 233 in 2022, suggesting that this might be an area of concern for potential investors and property buyers. Conversely, vandalism and burglary figures have remained relatively stable, with vandalism cases averaging around 20 per year. The data could imply underlying economic or social issues impacting crime rates and might be a crucial consideration for those involved in real estate or insurance.
Demographics
Rutland County, Vermont, leans heavily towards an older demographic with a significant portion aged 55 and over. The gender distribution is almost balanced, showing minimal variance between male and female populations. Educationally, a high school diploma or equivalent remains the most common attainment, but nearly equal portions of the adult population hold bachelor's and graduate degrees, hinting at a somewhat educated workforce. Concerning racial makeup, the county is predominantly White,... Read more
Race Distribution in Rutland County, Vermont (2022)
Educational Attainment in Rutland County, Vermont (2022)
Age Distribution in Rutland County, Vermont
Citizen Population in Rutland County, Vermont (2022)
Political Trends & Data
Rutland County, Vermont, leaned somewhat Democratic in the 2020 Presidential Election, with Democratic candidates potentially capturing about 54% of the vote, while Republicans may have garnered around 42%. Minor parties, including Libertarian and Green, combined for under 2%, and voters who chose "Other" possibly totaled less than 3%. This reflects a notable, but not overwhelming, partisan split in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Rutland County in Vermont showed a possible leaning towards Democratic preferences in the 2020 Presidential Election, with candidates from the Democratic party potentially securing around 54% of the vote. Republican candidates may have received approximately 42%, suggesting a notable, though not overwhelming, partisan divide. Minor parties like the Libertarian and Green parties seemed to have only a minimal presence, together not exceeding 2% of the votes. Voters identifying with "Other" also had a modest impact, potentially capturing less than 3%.
42.06% of voters voted for the Republican party in the 2020 Presidential Election
53.91% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
2.78% of voters voted for the Other party in the 2020 Presidential Election
School Data
Rutland County, Vermont has seen a gradual increase in its student-to-teacher ratio from 10 in 2014 to nearly 12 in 2023. This figure remains comfortably below the national average of 14, suggesting an environment conducive to individualized student attention. This trend could make the local real estate market more attractive to families prioritizing education, possibly driving demand for family-oriented housing. For investors and appraisers, the stability provided by strong educational assets... Read more
Student-to-teacher ratio in Rutland County, Vermont over the last 10 years
Over the past decade, the student-to-teacher ratio in Rutland County, Vermont has generally risen from 10 in 2014 to nearly 12 in 2023. Despite this increase, the county's ratio remains comfortably below the current national average of 14 students per teacher. This relatively low classroom density could appeal to families valuing more individualized attention for their children, potentially benefiting local real estate markets by attracting buyers who prioritize education. For investors and builders, this trend might indicate a stable demand for family-oriented housing, while appraisers and insurance agents might find value stability in the community’s educational assets. Living in an area with a lower student-to-teacher ratio could also enhance overall community appeal, further influencing occupancy types and local economic potential.
