Barbour County Real Estate and Livability Trends
Barbour County, West Virginia has experienced a noticeable rise in median home values, from $92,600 in 2015 to $119,000 in 2022, presenting a compelling opportunity for cost-conscious buyers despite being lower than state and national averages. Real estate taxes have nearly doubled over the last decade, from $592.73 in 2012 to $1,225.00 in 2021, reflecting either increasing property values or... Read more
Barbour County Market Trends
Barbour County, West Virginia, has seen an uptick in median home values from $92,600 in 2015 to $119,000 in 2022, although it's still lower than the state and national averages, making it an appealing option for cost-conscious buyers. Real estate taxes have almost doubled over the past decade, moving from $592.73 in 2012 to $1,225.00 in 2021, hinting at rising property values or local tax... Read more
Median Value of Occupied Housing Units in Barbour County, West Virginia Over the Last 8 Years
Barbour County, West Virginia, has experienced a steady increase in median home values over the past eight years, though it remains significantly more affordable than national figures. From $92,600 in 2015 to $119,000 in 2022, Barbour County's growth, while consistent, lags behind state and national trends. In comparison, the median home value in West Virginia rose from $103,800 to $145,800 during the same period, and nationally, from $125,500 to $179,400. This makes Barbour County an appealing option for prospective homeowners or investors looking for lower entry points in the housing market.
Residential Energy Tax Credit Per Tax Return in Barbour County, WV Over the Last 8 Years
Energy tax credits in Barbour County, West Virginia, exhibit considerable fluctuations over the past eight years. Most notably, there was a peak in 2021 with an average of $750.00 per tax return, a substantial increase from the preceding years. This spike could suggest increased adoption of energy-efficient improvements or availability of better incentives. Consistent yet lower averages around the $200.00-$300.00 range in earlier years may indicate either lower investment in energy efficiency or less appealing tax incentives. These trends can be potentially attractive for investors looking to tap into growing green energy initiatives or homeowners aiming to benefit from higher tax credits for energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Barbour County, WV Over the Last 10 Years
Over the past decade in Barbour County, West Virginia, real estate taxes per tax return nearly doubled, starting at around $592.73 in 2012 and reaching approximately $1,225.00 by 2021. The gradual increase saw some stabilization around $1,400.00 in 2019 and 2020 before dipping slightly. This trend could imply rising property values or changes in local tax assessments, which might impact decisions for potential investors, homebuyers, and real estate professionals targeting this area.
Percentage of Farm Returns in Barbour County, WV Over the Last 10 Years
Over the past decade, Barbour County, West Virginia has witnessed a slight fluctuation in the percentage of farm tax returns, ranging from approximately 5.31% in 2012 to around 5.86% in 2021. The highest point was close to 6.24% in 2016. Farm tax returns, which represent the financial summaries filed by agricultural establishments, indicate trends in farming operations' economic activity. This steady, though slightly variable, trend may suggest a stable agricultural presence in the region. Investors, builders, and potential residents might infer from these data a consistent, albeit modest, agricultural foundation to the local economy, which could influence decisions regarding land use, property development, and business ventures in the area.
Number of Mortgages by Occupancy Type in Barbour County, WV Over the Last 5 Years in Barbour County
Principal residence mortgages in Barbour County, West Virginia, exhibit a rising trend over the past five years, peaking at 369 in 2021 before slightly dropping to 275 in 2022. Investment and second residence mortgages remain relatively steady but low in comparison. Changes in occupancy type can reveal shifts in the local real estate market dynamics and demand. For potential investors, an increase in principal residence activity suggests a stable or growing population favoring long-term living arrangements, which might support consistent rental demand. Appraisers and insurance agents may see changes in property values and risk profiles, while developers and real estate agents might find opportunities to cater to burgeoning residential needs. Analyzing these trends provides nuanced insights essential for decision-making in real estate investments and market strategies.
Economic Outlook
In Barbour County, West Virginia, the average taxable income per tax return has generally increased over the past nine years, climbing from about $41,047.60 in 2013 to around $50,833.02 in 2021. Alongside this, state and local income taxes have nearly doubled, reaching roughly $9,160.00 in 2021, suggesting possible changes in tax policies or rising income levels. The average total tax liability has also risen, from approximately $5,117.55 in 2016 to $6,659.83 in 2021. These trends indicate... Read more
Average Taxable Income per Tax Return in Barbour County, WV over the last 9 years
In Barbour County, West Virginia, the average taxable income per tax return has generally increased over the past nine years, showing a rise from approximately $41,047.60 in 2013 to about $50,833.02 in 2021. Notably, there were fluctuations with slight declines in some years, like in 2016 when the income decreased to roughly $40,962.98, but overall, the trend suggests a positive trajectory. This is likely relevant for those considering investments, property development, or moving to the area, as rising incomes can be indicative of economic growth and stability. Real estate agents, appraisers, and insurance agents may find this valuable when assessing the market's potential and residents' financial health.
Average State and Local Income Taxes Per Tax Return in Barbour County, WV Over the Last 10 Years
Over the last decade, Barbour County, West Virginia has seen fluctuations in average state and local income taxes per tax return, moving from around $5,750.75 in 2012 to approximately $9,160.00 in 2021. Notable shifts occurred in recent years with a sharp increase starting in 2018, peaking in 2021. This upward trend may suggest changes in tax policies, economic conditions, or income levels. Potential investors or those looking to move here might want to consider how these shifts could impact overall cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Barbour County, WV Over the Last 10 Years
Barbour County, West Virginia has seen fluctuations in the average total tax liability per tax return over the last decade. From a low of approximately $5,117.55 in 2016, there was a notable surge to around $6,659.83 in 2021. This variable tax landscape suggests shifts in either income levels or tax policy, and implies a dynamic economic environment. Those considering investments or relocations should be aware of these trends as they may impact financial planning, property valuations, and tax strategies.
Cost of Living in Barbour County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $972 | $1,259 | $3,087 | $995 | $1,518 |
| 1 adult 4 children | $972 | $1,028 | $2,370 | $995 | $1,479 |
| 2 adults 3 children | $972 | $1,028 | $2,673 | $995 | $1,201 |
| 1 adult 3 children | $972 | $839 | $1,957 | $995 | $1,168 |
| 2 adults 2 children | $738 | $842 | $2,260 | $868 | $1,004 |
| 1 adult 2 children | $738 | $629 | $1,543 | $868 | $860 |
| 2 adults 1 child | $738 | $665 | $1,846 | $455 | $908 |
| 1 adult 1 child | $738 | $430 | $1,130 | $455 | $693 |
| 2 adults | $651 | $534 | $1,432 | $0 | $775 |
| 1 adult | $614 | $292 | $716 | $0 | $593 |
Safety trends & Data
Barbour County, West Virginia, offers an intriguing case for property crime trends affecting the real estate market. Burglary rates dramatically fell from 9 recorded cases in 2021 to 1 in 2022, while larceny-theft numbers showed variability, hitting a high of 14 in 2019 but moderating to 8 in 2022. Motor vehicle thefts stayed consistently low, and arson incidents were rare. These fluctuations in property crime could potentially impact property values and insurance premiums, making it essential... Read more
Property Crime Trends in Barbour County, WV Over the Last 5 Years
Over the past five years, Barbour County, West Virginia, has shown varied property crime trends. Notably, burglary incidents peaked in 2021 with 9 recorded cases but saw a decline to just 1 in 2022. Larceny-theft incidents fluctuated, with a high of 14 in 2019 and a moderate 8 in 2022. Motor vehicle thefts remained consistently low, and arson incidents were relatively rare, maintaining a low occurrence. For real estate agents and investors, understanding these trends is crucial as they reflect not only on safety concerns but also influence property values and insurance premiums.
Demographics
Barbour County, West Virginia sees a nearly equal split between male and female adults, indicating a balanced gender dynamic. The majority of residents have at least a high school diploma, but higher educational attainment, such as bachelor's and graduate degrees, remains relatively low. The age distribution is skewed towards an older population, which could hint at a dwindling younger demographic over time. Racially, the area is predominantly White, with minimal representation from other... Read more
Race Distribution in Barbour County, West Virginia (2022)
Educational Attainment in Barbour County, West Virginia (2022)
Age Distribution in Barbour County, West Virginia
Citizen Population in Barbour County, West Virginia (2022)
Political Trends & Data
In Barbour County, West Virginia, the 2020 U.S. Presidential Election demonstrated a marked Republican preference, as they received about 77% of the votes. Democrats collected around 22%, and minor parties like the Libertarians and Greens had scant support, hovering near 1% and 0.3% respectively. This dominant Republican tilt might indicate underlying regional or demographic factors influencing local voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Barbour County, West Virginia, trends from the 2020 U.S. Presidential Election reveal a notable lean towards the Republican party, with approximately 77% of the votes. Democrats secured around 22%, while Libertarians and the Green party garnered minimal support, roughly 1% and 0.3% respectively. This distribution suggests a strong Republican preference, which could imply broader regional or demographic influences at play.
76.62% of voters voted for the Republican party in the 2020 Presidential Election
21.82% of voters voted for the Democrat party in the 2020 Presidential Election
1.21% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Barbour County, West Virginia, the student-to-teacher ratio has consistently been close to the national average of 14 students per teacher, recently dipping to 13 in 2022. This trend of smaller class sizes suggests a relatively favorable learning environment, potentially making the area more attractive to families prioritizing education. For real estate professionals, this could mean a stable demand for housing in regions with strong school systems. Appraisers and insurance agents might see... Read more
Student-to-teacher ratio in Barbour County, West Virginia over the last 10 years
The student-to-teacher ratio in Barbour County, West Virginia has varied slightly over the past decade, with figures generally hovering around the national average of 14 students per teacher. Notably, the ratio dipped below the national average from 2016 to 2023, reaching its lowest at 13 students per teacher in 2022. This trend may suggest a relatively favorable learning environment due to smaller class sizes, which could make Barbour County more appealing to families seeking quality education. For investors, developers, and real estate agents, this dynamic might indicate a stable demand for housing in areas with good school systems. Appraisers and insurance agents might also find this information relevant when evaluating property values and risk profiles in the region.
