Berkeley County Real Estate and Livability Trends
Berkeley County, West Virginia's real estate market is experiencing noteworthy trends that could pique the interest of investors and property owners alike. The median value of occupied housing units surged from $162,500 in 2015 to $231,600 in 2022, outpacing both state and national rates. Meanwhile, real estate taxes have climbed from around $1,518.76 in 2012 to $2,298.53 in 2021, hinting at... Read more
Berkeley County Market Trends
Berkeley County, West Virginia has witnessed a dramatic hike in the median value of occupied housing units from $162,500 in 2015 to $231,600 in 2022, outpacing both state and national trends. This surge could appeal to prospective investors and current homeowners who might see robust equity gains. Meanwhile, residential energy tax credits per tax return have seen substantial year-to-year... Read more
Median Value of Occupied Housing Units in Berkeley County, West Virginia Over the Last 8 Years
Berkeley County, West Virginia has seen a significant increase in the median value of occupied housing units over the last 8 years, jumping from $162,500 in 2015 to $231,600 in 2022. This local surge is notably higher when compared to the state’s increase from $103,800 to $145,800 and the national upward trend from $125,500 to $179,400 during the same period. Prospective investors and those looking to move here may find the high appreciation rates compelling, while current residents might see strong equity growth in their properties.
Residential Energy Tax Credit Per Tax Return in Berkeley County, WV Over the Last 9 Years
In Berkeley County, West Virginia, the average residential energy tax credit per tax return has fluctuated widely in the past nine years. Starting at around $376.58 in 2013, the amount saw significant jumps, peaking notably at $1,950.00 in 2018. Notable increases also occurred in 2015 and 2017, and while 2019 and 2020 saw reductions, the average bounced back to $1,125.37 in 2021. This volatility may indicate varying levels of investment in energy-efficient home improvements and could reflect regional or federal policy changes impacting homeowner incentives. These trends could be crucial for investors, appraisers, and real estate agents as they consider the economic and ecological drivers influencing property values and homeowner decisions in Berkeley County.
Average Real Estate Taxes Per Tax Return in Berkeley County, WV Over the Last 10 Years
Over the past decade, Berkeley County, West Virginia has experienced a noticeable increase in average real estate taxes per tax return, jumping from approximately $1,518.76 in 2012 to about $2,298.53 in 2021. The most substantial leap occurred between 2017 and 2018, suggesting a spike in property values or changes in tax rates. This trend may interest investors and real estate agents, indicating rising property values and a potentially growing market. Additionally, for insurance agents and appraisers, this upward trajectory could mean higher property assessments, which might impact insurance premiums and property valuations. Future residents and builders should consider these trends when planning long-term investments in the region.
Percentage of Farm Returns in Berkeley County, WV Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Berkeley County, West Virginia has seen a slight decline, moving from about 1.05% in 2012 to around 0.84% in 2021. This might indicate a gradual decrease in the number of farms or farming activity in the area. For those looking to invest in, move to, or build property in Berkeley County, it could suggest shifting economic dynamics with possibly fewer active agricultural ventures. Analyzing this trend could be vital for strategic planning, understanding local economic health, and forecasting future opportunities or risks in the agricultural sector.
Number of Mortgages by Occupancy Type in Berkeley County, WV Over the Last 5 Years in Berkeley County
Over the last five years in Berkeley County, West Virginia, there's been a noticeable fluctuation in mortgage numbers across different occupancy types. Principal residences have primarily driven mortgage counts, peaking in 2021 with over 13,000 but dipping significantly in 2022. Investment properties showed a modest rise until 2021 but slightly decreased afterward. Second residences consistently held the lowest numbers but displayed minor year-to-year fluctuations. Such trends matter because they may hint at shifts in the local housing market climate, potentially influencing property values, investment opportunities, and insurance risk assessments. Understanding these patterns provides valuable context for making informed decisions in real estate, investments, and urban planning.
Economic Outlook
Berkeley County, West Virginia has shown a steady increase in average taxable income over the past nine years, moving from $49,644.84 in 2013 to $64,097.85 by 2021. This could signal a strengthening local economy, potentially boosting the area's attractiveness to new residents, investors, and real estate developers. Concurrently, average state and local income taxes have climbed, from $4,858.51 in 2012 to $7,927.52 in 2021, possibly reflecting rising incomes or tax changes. Additionally, the... Read more
Average Taxable Income per Tax Return in Berkeley County, WV over the last 9 years
Berkeley County, West Virginia has experienced a notable upward trend in average taxable income across tax returns over the last nine years. Starting at $49,644.84 in 2013, the average taxable income has steadily increased each subsequent year, reaching $64,097.85 by 2021. This persistent growth could indicate a strengthening local economy, potentially making the county more attractive to new residents, investors, and real estate developers. For appraisers, insurance agents, and those involved in property building, this trend may suggest a rise in property values and insurance needs. Real estate agents might find this data useful for marketing the area to prospective buyers.
Average State and Local Income Taxes Per Tax Return in Berkeley County, WV Over the Last 10 Years
Berkeley County, West Virginia has seen a general increase in average state and local income taxes per tax return over the past decade. From $4,858.51 in 2012 to $7,927.52 in 2021, the upward trend could indicate rising incomes or changes in tax policy. Notably, there was a significant jump between 2017 and 2018, suggesting a potential shift in economic conditions or tax regulations. This data is valuable for potential investors, property developers, real estate professionals, and those considering relocating to the area as it reflects the evolving economic landscape and could impact cost of living and investment returns.
Average Total Tax Liability Per Tax Return in Berkeley County, WV Over the Last 10 Years
Over the past decade, Berkeley County in West Virginia has experienced a notable rise in the average total tax liability per tax return, with figures starting at $6,542.67 in 2012 and climbing to $8,511.70 by 2021. This consistent upward trend suggests a potentially increasing income level and economic growth in the area, which could be an important factor for those looking to invest, move, or engage in any real estate-related activities. Noteworthy peaks in 2017 and 2021, with values breaking the $7,457.94 and $8,511.70 marks respectively, might indicate particular years of economic acceleration or policy changes affecting tax liabilities.
Cost of Living in Berkeley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,511 | $1,432 | $2,809 | $1,826 | $2,129 |
| 1 adult 4 children | $1,511 | $1,169 | $2,154 | $1,826 | $2,154 |
| 2 adults 3 children | $1,511 | $1,170 | $2,433 | $1,826 | $1,835 |
| 1 adult 3 children | $1,511 | $955 | $1,779 | $1,826 | $1,866 |
| 2 adults 2 children | $1,122 | $957 | $2,058 | $1,587 | $1,423 |
| 1 adult 2 children | $1,122 | $715 | $1,404 | $1,587 | $1,388 |
| 2 adults 1 child | $1,122 | $757 | $1,683 | $809 | $1,162 |
| 1 adult 1 child | $1,122 | $489 | $1,029 | $809 | $981 |
| 2 adults | $899 | $608 | $1,308 | $0 | $879 |
| 1 adult | $894 | $332 | $654 | $0 | $686 |
Safety trends & Data
In Berkeley County, West Virginia, property crime trends have fluctuated significantly over the past five years, impacting real estate dynamics. Larceny-theft incidents dropped dramatically from 473 in 2018 to just 65 in 2022, while burglary fell from 31 cases in 2018 to only 3 by 2021. Vandalism similarly decreased from 52 incidents in 2018 to 6 in 2022. Although motor vehicle theft and arson are less common, the shifting crime landscape could influence investor decisions and property values,... Read more
Property Crime Trends in Berkeley County, WV Over the Last 5 Years
Berkeley County, West Virginia has seen fluctuating trends in property crime over the last five years. Larceny-theft consistently dominates the numbers, peaking at 473 incidents in 2018 and dropping to 65 incidents in 2022. Burglary and vandalism also show notable fluctuations, with burglary peaking at 31 incidents in 2018 and hitting a low of 3 in 2021. Vandalism had a high of 52 cases in 2018 and declined to 6 cases in 2022. Motor vehicle theft and arson remain relatively less frequent but present. This dynamic crime landscape poses risks and opportunities for investors, real estate agents, and residents.
Demographics
Berkeley County, West Virginia showcases a balanced adult population with males and females almost equal in number. Educational attainment draws attention, as high school graduates and those with some college but no degree form the largest segments, while those holding graduate or professional degrees make up a smaller percentage. Age distribution subtly emphasizes a youthful tilt, with significant populations under the age of 35. Racial demographics reveal a predominantly White community, with... Read more
Race Distribution in Berkeley County, West Virginia (2022)
Educational Attainment in Berkeley County, West Virginia (2022)
Age Distribution in Berkeley County, West Virginia
Citizen Population in Berkeley County, West Virginia (2022)
Political Trends & Data
In Berkeley County, West Virginia, the 2020 U.S. Presidential Election results imply a strong Republican preference, with the party securing around 64.6% of the vote. The Democratic party trailed with about 33.3%. Minor parties, such as the Libertarians and Greens, together received just over 2% of the total vote, indicating minimal impact from third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Berkeley County, West Virginia, displayed a notable leaning towards the Republican party, with approximately 64.6% of the vote. The Democratic party garnered around 33.3%, while minor parties like the Libertarians and Greens received notably smaller shares, about 1.7% and 0.4% respectively. The data highlights a strong Republican presence in the county, with little significant competition from third parties.
64.58% of voters voted for the Republican party in the 2020 Presidential Election
33.35% of voters voted for the Democrat party in the 2020 Presidential Election
1.73% 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
School Data
In Berkeley County, West Virginia, the student-to-teacher ratio has steadily decreased from its 2018 peak of 16 to around 14.64 in 2023. This decline could signify more manageable class sizes, an appealing factor for families prioritizing quality education. Real estate agents might find this trend boosts the attractiveness and value of properties in the area, while insurance agents might consider it in local risk assessments tied to educational... Read more
Student-to-teacher ratio in Berkeley County, West Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Berkeley County, West Virginia has fluctuated, peaking at 16 in 2018 before gradually decreasing to around 14.64 in 2023. This trend is particularly relevant for potential investors and those considering moving to the area as it indicates a potential shift towards more manageable class sizes, potentially enhancing the quality of education. With the current ratio near the national average of 14 students per teacher, the county’s educational landscape might be more appealing for families prioritizing smaller class sizes. Real estate agents and appraisers might also find this trend significant when determining the attractiveness and value of properties, while insurance agents could see implications for local risk assessments based on educational standards.
