Braxton County Real Estate and Livability Trends
In Braxton County, West Virginia, the upward trend in average taxable income—from $42,822.86 in 2013 to $50,007.48 in 2021—could highlight a robust local economy impacting property values positively. The median home value peaking at $95,100 in 2022, while still below state and national medians, indicates an affordable yet appreciating market. Energy-efficient home upgrades and permanent... Read more
Braxton County Market Trends
Braxton County's median home values have generally trended upward, peaking at $95,100 in 2022, but remain much more affordable compared to West Virginia’s $145,800 and the national median of $179,400. Noteworthy trends include fluctuations in residential energy tax credits, peaking at $350.00 in 2016 and 2021, which may signal increasing interest in energy-efficient home improvements. Real... Read more
Median Value of Occupied Housing Units in Braxton County, West Virginia Over the Last 8 Years
Braxton County's median home values have seen some fluctuations over the past eight years, peaking at $95,100 in 2022, showing a general upward trend despite some dips. When compared to West Virginia's overall median home values, which reached $145,800 in 2022, Braxton County remains more affordable but also saw less dramatic increases. Nationally, housing values soared to $179,400, indicating that Braxton County and West Virginia generally offer more budget-friendly options for those considering relocation or investment. These trends could hint at potential growth opportunities in Braxton County, particularly for first-time homebuyers or investors looking for markets that are still developing.
Residential Energy Tax Credit Per Tax Return in Braxton County, WV Over the Last 5 Years
Braxton County, West Virginia has seen fluctuations in residential energy tax credits over the past five years, ranging from a low of $216.67 in 2014 to a peak of $350.00 in both 2016 and 2021. This suggests a periodic interest in energy-efficient home improvements, which could be an attractive consideration for investors and homebuilders focused on sustainable development. Moreover, this trend may indicate a growing awareness and possible incentives for energy efficiency, which could be beneficial for real estate agents and insurance professionals when advising potential clients about property values and future cost savings.
Average Real Estate Taxes Per Tax Return in Braxton County, WV Over the Last 10 Years
Over the past decade, Braxton County, West Virginia, has seen a noticeable fluctuation in average real estate taxes per tax return. Starting at $868.00 in 2012, there was a steady increase reaching a peak of $1,700.00 in 2020. The most significant jump occurred between 2017 and 2018, when the average jumped by more than $590. This data might suggest changes in property valuations, differing county tax rates, or shifts in the economic landscape. For potential investors, residents, or professionals in the real estate market, understanding these trends underscore the importance of staying informed on local taxation policies and market conditions that could influence future expenses.
Percentage of Farm Returns in Braxton County, WV Over the Last 10 Years
Over the last 10 years, the percentage of farm tax returns in Braxton County, West Virginia has hovered around 4.00% to 4.70%. The highest point was in 2017 at approximately 4.68%, while the lowest was in 2020 at about 4.02%. Farm tax returns primarily indicate the number of individuals or entities filing income derived from agricultural activities. This data is essential for potential investors and developers as it reflects the agricultural commitment and economic stability in Braxton County, suggesting modest but sustained agricultural presence. For residents and those considering moving to the area, it highlights a steady, albeit minor, farming community which could impact local economy and lifestyle choices.
Number of Mortgages by Occupancy Type in Braxton County, WV Over the Last 5 Years in Braxton County
Over the last five years in Braxton County, West Virginia, the number of mortgages for principal residences has seen a notable increase, rising from 217 in 2018 to 342 in 2020 and further to 362 by 2021. In contrast, investment properties and second residences have experienced relatively stable but much lower counts. Changes in occupancy type may be indicative of shifting economic conditions or demographic trends—key insights for anyone looking to invest, build, or appraise properties in the area. Real estate agents and insurance agents might find the surge in principal residence mortgages particularly significant, as it suggests growing stability and permanent settlement, which could impact market values and risk assessments.
Economic Outlook
In Braxton County, West Virginia, the average taxable income per tax return has generally risen from $42,822.86 in 2013 to $50,007.48 in 2021, despite minor dips. This upward trend, particularly post-2017, could be indicative of a strengthening local economy and suggest better property values and investment opportunities. Moreover, state and local income taxes showed notable fluctuations, peaking at $15,537.50 in 2019 before dropping and stabilizing around $12,975.00 in 2021, which might impact... Read more
Average Taxable Income per Tax Return in Braxton County, WV over the last 9 years
Over the last nine years, Braxton County, West Virginia has witnessed a varying but generally upward trend in average taxable income per tax return, rising from $42,822.86 in 2013 to $50,007.48 in 2021. While there were minor dips such as in 2016 and 2020, the overall increases especially post-2017 could indicate a potential positive shift in local economic conditions. For investors, appraisers, and real estate agents, this trend might suggest a strengthening local economy which could translate into better property values and investment opportunities. Potential homebuyers and residents might find this beneficial for long-term financial planning in the area.
Average State and Local Income Taxes Per Tax Return in Braxton County, WV Over the Last 10 Years
Over the last decade, Braxton County, West Virginia, has seen notable fluctuations in average state and local income taxes per tax return. Specifically, there was a sharp increase between 2017 and 2019, peaking at $15,537.50 in 2019 before dropping to $11,050.00 in 2020 and rising again to $12,975.00 in 2021. This variability likely impacts financial planning for potential investors, real estate agents, and appraisers who must consider tax burdens when evaluating property values and investment opportunities in the area.
Average Total Tax Liability Per Tax Return in Braxton County, WV Over the Last 10 Years
Over the past decade, Braxton County, West Virginia has seen fluctuating average total tax liabilities per tax return, ranging from a low of $5,822.49 in 2018 to a high of $6,754.62 in 2021. While there have been periods of decline, such as from 2017 to 2018, there has been an overall upward trend in recent years. This volatility in tax liabilities may be a critical factor for potential investors, real estate agents, and homeowners when evaluating economic stability and fiscal planning in the area.
Cost of Living in Braxton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $928 | $1,303 | $3,162 | $988 | $1,563 |
| 1 adult 4 children | $928 | $1,064 | $2,428 | $988 | $1,516 |
| 2 adults 3 children | $928 | $1,064 | $2,738 | $988 | $1,233 |
| 1 adult 3 children | $928 | $869 | $2,005 | $988 | $1,193 |
| 2 adults 2 children | $738 | $871 | $2,314 | $862 | $1,038 |
| 1 adult 2 children | $738 | $651 | $1,581 | $862 | $894 |
| 2 adults 1 child | $738 | $689 | $1,890 | $451 | $935 |
| 1 adult 1 child | $738 | $445 | $1,157 | $451 | $710 |
| 2 adults | $596 | $553 | $1,467 | $0 | $775 |
| 1 adult | $592 | $302 | $733 | $0 | $593 |
Safety trends & Data
Braxton County, West Virginia has exhibited fluctuating trends in property crime over the past five years. Larceny-theft has been the most reported crime, peaking at 14 instances in 2020, while burglary incidents have stabilized at an average of 2-4 occurrences annually. Vandalism cases have shown a gradual uptick, reaching 6 reports by 2021. Meanwhile, fraud and forgery have maintained minimal, steady activity, and motor vehicle thefts have decreased, suggesting either a shift in criminal... Read more
Property Crime Trends in Braxton County, WV Over the Last 5 Years
Braxton County, West Virginia has exhibited varying trends in property crime over the past five years, with larceny-theft consistently being the most reported crime, peaking at 14 instances in 2020. Burglary incidents have remained fairly stable, averaging around 2-4 occurrences annually. Notably, there has been a gradual increase in vandalism cases, escalating to 6 reports by 2021. Fraud and forgery have seen minimal yet steady activity, while motor vehicle thefts have declined, suggesting a shift in criminal behavior or improved security measures. These patterns are crucial for potential investors, homeowners, and real estate professionals to understand localized risks and the effectiveness of law enforcement measures.
Demographics
Braxton County, West Virginia seems to have a slightly higher male adult population compared to female and the majority of residents might generally complete high school but many do not pursue higher education extensively. The age distribution could indicate an aging population, with significant numbers in the 55 years and older brackets. Racially, the county appears predominantly White, with very minor representation from other racial groups. This demographic insight could suggest challenges... Read more
Race Distribution in Braxton County, West Virginia (2022)
Educational Attainment in Braxton County, West Virginia (2022)
Age Distribution in Braxton County, West Virginia
Citizen Population in Braxton County, West Virginia (2022)
Political Trends & Data
In Braxton County, West Virginia, the real estate market may be influenced by the county's strong political leanings, as 73% of voters supported the GOP in the 2020 U.S. Presidential Election. With roughly 26% voting Democrat and minimal backing for third parties, the stability of Republican dominance could shape local policies and investment priorities. This trend might reflect community values that prioritize certain types of development or business opportunities, potentially making it an... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Braxton County, West Virginia, the 2020 U.S. Presidential Election showcased a strong leaning towards the Republican Party, with approximately 73% of voters supporting the GOP. Democrats garnered around 26%, while third parties like the Libertarians and Greens received minimal backing at about 1% and 0.4%, respectively. This distribution may suggest a stable Republican dominance in local political preferences, although the low support for alternative parties indicates limited political diversity.
72.74% of voters voted for the Republican party in the 2020 Presidential Election
25.72% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
0.44% of voters voted for the Green party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Braxton County, West Virginia, has hovered near or just under the national average of 14 students per teacher, with a noted dip to 13 in 2021 before rising back to around 14 in 2023. This could suggest a relatively advantageous educational environment, potentially attracting families who prioritize personalized educational attention for their children. Consequently, these factors might subtly influence the local real estate market, making properties more... Read more
Student-to-teacher ratio in Braxton County, West Virginia over the last 10 years
The student-to-teacher ratio in Braxton County, West Virginia has fluctuated over the past decade, with a general trend of staying near or just under the national average of 14 students per teacher. In recent years, the ratio dropped as low as 13 in 2021 before slightly increasing to approximately 14 in 2023. For investors, real estate agents, and families considering a move, these numbers may imply a relatively advantageous educational environment with smaller class sizes compared to many areas in the nation. This aspect could potentially attract those prioritizing personalized educational attention for their children, thereby subtly influencing local real estate and market dynamics.
