Boone County Real Estate and Livability Trends
Boone County, West Virginia's average taxable income per tax return recovered from a low of $43,311.29 in 2016 to $50,316.02 by 2021, hinting at a potentially revitalizing economy. Median home values showed an erratic trend, jumping from $75,700 in 2015 to $87,300 in 2022 but still trailing the state median of $145,800. The average real estate taxes increased from $1,290.32 in 2012 to $2,516.67... Read more
Boone County Market Trends
Boone County, West Virginia's median home values have shown an erratic trend, jumping from $75,700 in 2015 to $87,300 in 2022, yet they still trail behind the state median of $145,800. Residential energy tax credits reveal notable fluctuations, peaking at $500.00 in 2021, hinting at spurts in local energy-efficient upgrades. The upward trajectory in average real estate taxes from $1,290.32 in... Read more
Median Value of Occupied Housing Units in Boone County, West Virginia Over the Last 8 Years
The median home values in Boone County, West Virginia, have shown an erratic trend over the past eight years, moving from $75,700 in 2015 to $87,300 in 2022. While Boone County's property values appear to be catching up somewhat, they still lag behind the state median, which reached $145,800 in 2022. Nationally, home values saw a steadier rise, going from $125,500 in 2015 to $179,400 in 2022. This gap might suggest that Boone County offers more affordable housing options, which could be appealing for potential investors or those looking to move to a less expensive area.
Residential Energy Tax Credit Per Tax Return in Boone County, WV Over the Last 8 Years
Residential energy tax credits in Boone County, West Virginia have exhibited notable fluctuations over the last eight years, ranging from a low of approximately $300.00 in 2016 to a high of $500.00 in 2021. Significant upticks observed in 2015 and especially in 2017 and 2021 suggest spurts in local energy-efficient improvements or retrofits. This variability can serve as an indicator for investors or property developers to gauge evolving local incentives and potential homeowner interest in sustainable upgrades. These figures are also useful for appraisers and insurance agents when assessing property values and potential risks tied to property sustainability enhancements.
Average Real Estate Taxes Per Tax Return in Boone County, WV Over the Last 10 Years
Over the past decade, Boone County, West Virginia has seen a significant upward trend in average real estate taxes per tax return, escalating from $1,290.32 in 2012 to $2,516.67 in 2021. This steady climb could signal various systemic shifts such as increasing property values or adjustments in local tax policies. This is particularly relevant for potential investors or residents considering Boone County, suggesting a rise in property-related costs and potentially indicating a robust real estate market. For appraisers and real estate agents, understanding these trends is crucial for setting accurate property values and advising clients. Insurers might also find this trend significant as it may influence risk assessments and policy pricing.
Percentage of Farm Returns in Boone County, WV Over the Last 7 Years
Boone County, West Virginia has seen some fluctuations in the percentage of farm tax returns over the past seven years, with a peak of roughly 0.38% in 2018. Despite this peak, there's been a general decline, dropping to about 0.27% by 2021. Farm tax returns indicate the number of tax filings from farming operations, providing insights into the local agricultural economy. This trend, although modest in percentage, could be significant for those interested in the viability and support systems for agriculture within the county. Understanding these trends can be crucial for potential investors, developers, and residents who are evaluating the agricultural landscape and its economic impact.
Number of Mortgages by Occupancy Type in Boone County, WV Over the Last 5 Years in Boone County
In Boone County, West Virginia, there's a clear dominance of mortgages for principal residences over the past five years, consistently surpassing 400 annually. Investment property mortgages have remained relatively steady with minor fluctuations, staying in the teens. Meanwhile, second residences have shown minimal activity, with only a handful annually. This distribution might suggest a community driven primarily by local homeowners rather than investors or vacationers, impacting market stability, neighborhood cohesion, and local economic health. Potential investors or developers should take note, as the stable principal residence trends could imply a lower risk for lending and higher stability in property values. For insurance agents and appraisers, these trends impact risk assessment and valuation, respectively, while real estate agents and home seekers should understand this as a potentially less competitive or speculated market.
Economic Outlook
Boone County, West Virginia's average taxable income per tax return bounced back from a low of $43,311.29 in 2016 to reach $50,316.02 by 2021, suggesting a potentially revitalizing local economy. Meanwhile, fluctuations in average state and local income taxes—with a jump to nearly $9,930.00 by 2019—imply shifts in tax policies or economic conditions that merit consideration for investment decisions. The average total tax liability per tax return dropped to around $5,600 in 2020 but rose... Read more
Average Taxable Income per Tax Return in Boone County, WV over the last 9 years
Boone County, West Virginia has seen fluctuations in its average taxable income per tax return over the past nine years. The figures started at $47,210.49 in 2013, experienced a dip to $43,311.29 in 2016, but have generally trended upwards since then, landing at a peak of $50,316.02 in 2021. For those looking to invest or engage in real estate, this consistent recovery hints at a potentially revitalizing local economy. However, the volatility in earlier years suggests caution for insurance agents and appraisers who need to factor in the area's economic resilience and potential risks.
Average State and Local Income Taxes Per Tax Return in Boone County, WV Over the Last 10 Years
Over the past decade, Boone County, West Virginia, has seen marked fluctuations in average state and local income taxes per tax return, particularly with significant jumps starting in 2018. From relatively stable figures around $6,908.91 in 2012 to $6,480.82 in 2016, the values surged towards $9,930.00 by 2019 and hovered near there in subsequent years. This could suggest changes in tax policies, economic conditions, or shifts in income levels, providing key insights for investors, real estate professionals, and current or potential residents considering financial commitments in the area.
Average Total Tax Liability Per Tax Return in Boone County, WV Over the Last 10 Years
The average total tax liability per tax return in Boone County, West Virginia has generally decreased over the past decade, starting at $7,000 in 2012 and dipping to a low of around $5,600 in 2020. However, a significant uptick is observed in 2021, reaching approximately $6,482. Investors and real estate agents should note this potential indicator of economic fluctuations which may impact the local real estate market and investment opportunities. Appraisers and insurance agents might also find these trends useful to contextualize changes in property values and risk assessments over time.
Cost of Living in Boone County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,066 | $1,243 | $3,199 | $1,274 | $1,699 |
| 1 adult 4 children | $1,066 | $1,015 | $2,456 | $1,274 | $1,657 |
| 2 adults 3 children | $1,066 | $1,015 | $2,771 | $1,274 | $1,367 |
| 1 adult 3 children | $1,066 | $829 | $2,028 | $1,274 | $1,344 |
| 2 adults 2 children | $753 | $831 | $2,342 | $1,107 | $1,081 |
| 1 adult 2 children | $753 | $621 | $1,599 | $1,107 | $955 |
| 2 adults 1 child | $753 | $657 | $1,914 | $564 | $944 |
| 1 adult 1 child | $753 | $424 | $1,171 | $564 | $721 |
| 2 adults | $667 | $528 | $1,486 | $0 | $775 |
| 1 adult | $555 | $288 | $743 | $0 | $561 |
Safety trends & Data
Boone County, West Virginia has seen noticeable fluctuations in property crime over the last five years, with burglary incidents peaking in 2020 at 12.0 but dropping to just 2.0 in 2022. Similarly, larceny-theft saw a decline from 10.0 incidents in 2020 to 3.0 in 2022. This downward trend might indicate improving crime prevention measures or shifting socio-economic conditions, suggesting an intriguing time for potential investors, real estate agents, and residents to reconsider their strategies... Read more
Property Crime Trends in Boone County, WV Over the Last 5 Years
Boone County, West Virginia has shown noticeable fluctuations in property crime over the last five years. The most common offenses, including burglary and larceny-theft, peaked in 2020 with 12.0 and 10.0 incidents respectively, but have since significantly declined, with only 2.0 burglaries and 3.0 larceny-theft reports in 2022. Vandalism and incidents involving stolen property have also shown variability but generally follow the same downward trend. These shifts could imply improving crime prevention measures or changing socio-economic conditions, making it an interesting time for potential investors, real estate agents, and residents to reconsider their strategies and expectations.
Demographics
Boone County, West Virginia, showcases a balanced gender demographic, with an equal number of male and female adults. Educational attainment varies widely, with the majority possessing at least a high school diploma, though fewer have advanced degrees. Age distribution suggests a significant proportion of the population is older, with noticeable chunks of residents in the 55-64 and 65-74 age brackets. The racial makeup is predominantly White, with minimal representation from other racial... Read more
Race Distribution in Boone County, West Virginia (2022)
Educational Attainment in Boone County, West Virginia (2022)
Age Distribution in Boone County, West Virginia
Citizen Population in Boone County, West Virginia (2022)
Political Trends & Data
Boone County, West Virginia, exhibited a pronounced Republican preference in the 2020 U.S. Presidential Election, with Republicans possibly capturing around 75.6% of the vote. This notable GOP dominance could suggest broader political inclinations and influence on local policy decisions, potentially impacting community development and real estate dynamics by favoring conservative economic strategies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Boone County, West Virginia, saw a strong leaning toward Republican candidates in the 2020 U.S. Presidential Election, with Republicans potentially capturing around 75.6% of the vote. Democrats may have secured roughly 22.6%, while Libertarians and Green Party candidates likely received smaller shares, approximately 1.4% and 0.4%, respectively. This trend might reflect broader political sentiments in the region, indicating a significant Republican preference among Boone County voters.
75.63% of voters voted for the Republican party in the 2020 Presidential Election
22.65% of voters voted for the Democrat party in the 2020 Presidential Election
1.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Green party in the 2020 Presidential Election
School Data
Boone County, West Virginia, has experienced fluctuations in its student-to-teacher ratio over the past decade, peaking at fourteen in 2018 and now just over twelve. This is lower than the national average of fourteen, hinting at potentially more individualized attention for students, which could be attractive to families. Investors, real estate agents, and even insurance agents might find this appealing, as it suggests a higher quality education environment than many other... Read more
Student-to-teacher ratio in Boone County, West Virginia over the last 10 years
Over the past decade, Boone County, West Virginia has seen fluctuations in its student-to-teacher ratio. Starting at nearly eleven students per teacher in 2014 and peaking at fourteen students per teacher in 2018, the ratio currently sits at a bit over twelve. This is generally lower than the national average of fourteen students per teacher, which could suggest potentially more individualized attention for students compared to other areas. This trend might be quite appealing to families considering moving to the area, as well as investors and real estate agents, as it hints at potentially higher quality education environments. Insurance agents and appraisers might also find this data useful in assessing the attractiveness of the locale.
