Brooke County Real Estate and Livability Trends
Brooke County, West Virginia, has experienced a boost in average taxable income per tax return, growing from approximately $46,040.13 in 2013 to $58,902.96 in 2021, suggesting economic growth that may attract both homebuyers and investors. Home values have also risen, with median prices jumping from $93,500 in 2021 to $115,000 in 2022, offering relatively affordable real estate options.... Read more
Brooke County Market Trends
Brooke County, West Virginia, has seen a notable jump in median home values from $93,500 in 2021 to $115,000 in 2022, offering a more affordable entry point compared to state and national medians. Residential energy tax credits have increased from $234.62 in 2013 to $392.31 in 2021, reflecting a rise in energy-efficient home upgrades, potentially attracting energy-conscious buyers. Average real... Read more
Median Value of Occupied Housing Units in Brooke County, West Virginia Over the Last 8 Years
Brooke County, West Virginia, has generally shown a positive trend in median home values over the past 8 years, with a notable jump from $93,500 in 2021 to $115,000 in 2022. This uptick mirrors broader trends but remains more affordable compared to the state median of $145,800 and the national median of $179,400 in 2022. Prospective buyers and investors might find Brooke County appealing due to its potentially lower entry point and rising value trend.
Residential Energy Tax Credit Per Tax Return in Brooke County, WV Over the Last 8 Years
Interest in residential energy tax credits in Brooke County, West Virginia has shown notable growth over the past eight years. The average tax credit per return saw a steady increase from $234.62 in 2013 to $392.31 by 2021, with a significant jump particularly noticeable between 2017 and 2019. This trend may suggest a rising adoption of energy-efficient home improvements, potentially making Brooke County an appealing market for energy-conscious homebuyers and investors. Real estate agents, appraisers, and property developers could find this data useful when discussing value-added home upgrades and future market potential.
Average Real Estate Taxes Per Tax Return in Brooke County, WV Over the Last 10 Years
Brooke County has seen a notable increase in average real estate taxes per tax return over the past decade, starting from $1,216.41 in 2012 to approximately $2,485.71 in 2021. This upward trend might hint at rising property values or changes in tax policy, which could impact potential investors and homeowners. For appraisers, insurance agents, and real estate professionals, understanding these shifts could be crucial in advising clients and pricing properties accurately.
Percentage of Farm Returns in Brooke County, WV Over the Last 10 Years
In Brooke County, West Virginia, the percentage of farm tax returns filed has seen slight fluctuations over the past decade. Beginning at approximately 0.56% in 2012, a peak occurred in 2019 at around 0.75% before settling to about 0.68% in 2021. Farm tax returns signify the economic activity and presence of agriculture, potentially offering insights to investors and property developers about rural development, land value trends, and local agricultural viability. Considering the relatively stable rates, the county's agricultural sector likely witnessed some consistency with a modest increase in farming operations.
Number of Mortgages by Occupancy Type in Brooke County, WV Over the Last 5 Years in Brooke County
Over the last five years in Brooke County, West Virginia, mortgage activity has primarily been driven by principal residences, which consistently hold the highest number of mortgages, peaking in 2021 with 855. There has been a slight fluctuation in investment property and second residence mortgages, with investment properties holding relatively steady but lower volumes. The notable downturn in the number of principal residence mortgages from 2020 to 2022, coupled with the constant lower numbers in investment and second residences, might reflect broader economic factors such as changing interest rates or housing market conditions. These shifts in occupancy types could indicate varying economic stability or population shifts within the county—critical information for investors, real estate agents, appraisers, builders, and insurance agents assessing the market's health and dynamics.
Economic Outlook
Brooke County, West Virginia has seen its average taxable income per tax return rise from approximately $46,040.13 in 2013 to about $58,902.96 in 2021, hinting at economic growth that could attract real estate investors and homebuyers. Meanwhile, the increase in average state and local income taxes from around $8,073.28 in 2017 to a peak of $13,888.24 in 2020 could influence financial planning for prospective residents and businesses. Additionally, the general upward trend in average total tax... Read more
Average Taxable Income per Tax Return in Brooke County, WV over the last 9 years
Over the past nine years, Brooke County, West Virginia's average taxable income per tax return has shown a general upward trend. Starting from approximately $46,040.13 in 2013, it reached about $58,902.96 in 2021. While there were minor fluctuations, the general increase is notable, particularly for those assessing the economic vitality of the area. This may signal a healthier local economy, which potentially makes Brooke County more attractive for real estate investors, prospective homeowners, and insurance agents looking at risk profiles. Investors and developers might find the progressive increase in average incomes promising for property development and market feasibility studies.
Average State and Local Income Taxes Per Tax Return in Brooke County, WV Over the Last 10 Years
Average state and local income taxes per tax return in Brooke County, West Virginia, have shown a significant upward trend over the past decade. Noteworthy jumps, particularly from 2017 to 2018 and further into 2020, almost doubled annual tax burdens from roughly $8,073.28 in 2017 to a peak of $13,888.24 in 2020. Such increases might influence decisions for prospective investors, homebuyers, and businesses considering taxation implications within the county. Evaluating these figures is crucial for appraisers and insurance agents as they reflect on economic conditions and potential financial obligations for residents and property owners.
Average Total Tax Liability Per Tax Return in Brooke County, WV Over the Last 10 Years
The average total tax liability per tax return in Brooke County, West Virginia, has seen a general upward trend over the past decade. Starting at around $6,502.06 in 2012, there have been fluctuations, but overall, there has been an increase to approximately $8,237.96 by 2021. This suggests a potential rise in income levels or changes in tax structures, which might be appealing for real estate investors and appraisers evaluating the economic health and growth potential of the area. For those considering building property or moving here, this trend might indicate a generally improving financial landscape. Insurance agents might see this as a signal of a possibly more affluent client base, which could affect coverage decisions and offerings.
Cost of Living in Brooke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $880 | $1,359 | $2,965 | $1,312 | $1,575 |
| 1 adult 4 children | $880 | $1,110 | $2,276 | $1,312 | $1,569 |
| 2 adults 3 children | $880 | $1,110 | $2,569 | $1,312 | $1,278 |
| 1 adult 3 children | $880 | $907 | $1,879 | $1,312 | $1,254 |
| 2 adults 2 children | $652 | $909 | $2,173 | $1,140 | $1,050 |
| 1 adult 2 children | $652 | $679 | $1,483 | $1,140 | $919 |
| 2 adults 1 child | $652 | $718 | $1,776 | $581 | $911 |
| 1 adult 1 child | $652 | $464 | $1,086 | $581 | $676 |
| 2 adults | $511 | $577 | $1,380 | $0 | $708 |
| 1 adult | $508 | $315 | $690 | $0 | $534 |
Safety trends & Data
Brooke County, West Virginia, has seen varied property crime rates over the past five years, with high larceny-theft incidents in 2018 at 21 cases dropping sharply to just 2 by 2022. Burglary hit a peak with 6 cases in 2020 but stayed low otherwise, and motor vehicle thefts were rare, reaching up to 4 incidents in 2019. Vandalism never exceeded 5 annual cases. These shifting yet typically low crime figures might imply a relatively secure environment for real estate investments and residential... Read more
Property Crime Trends in Brooke County, WV Over the Last 5 Years
Brooke County, West Virginia, has observed fluctuating property crime rates over the past five years. Larceny-theft incidents appeared highest in 2018 with 21 cases but showed a decrease to just 2 cases by 2022. Burglary cases peaked in 2020 with 6 occurrences while remaining relatively low in other years. Motor vehicle thefts were sparse, peaking at 4 incidents in 2019. Vandalism remained consistently low, never exceeding 5 reported cases annually. These trends suggest that while specific crime types like larceny-theft and burglary have seen peaks, the overall volume and variety of property crimes have generally stayed low, potentially making it a relatively secure area for investment and residency decisions.
Demographics
In Brooke County, West Virginia, the population seems to skew slightly female. Most adults have at least a high school diploma, with a notable share completing some college. Age-wise, the county leans older, with a significant portion of residents over 55. Racially, Brooke County appears predominantly White, with minimal diversity among other racial groups. This demographic profile hints at potential focuses for public services and local policy, particularly in education and elder... Read more
Race Distribution in Brooke County, West Virginia (2022)
Educational Attainment in Brooke County, West Virginia (2022)
Age Distribution in Brooke County, West Virginia
Citizen Population in Brooke County, West Virginia (2022)
Political Trends & Data
Brooke County in West Virginia leaned heavily Republican in the 2020 U.S. Presidential Election, with around 71% of the vote possibly supporting the GOP candidate. Democrats seemingly captured about 28%, while third-party candidates, like Libertarians and Greens, garnished only marginal support. This trend hints at a strong conservative preference in the area, suggesting potential implications for future policy priorities and political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Brooke County in West Virginia appeared to lean significantly Republican in the 2020 U.S. Presidential Election, with around 71% of the vote possibly supporting the Republican candidate. Democrats seemingly captured about 28% of the vote, while third-party candidates such as Libertarians and Greens garnered only marginal support. This trend suggests a strong conservative preference in this locality, which could have broader implications for policy priorities and political strategies in future elections.
70.81% of voters voted for the Republican party in the 2020 Presidential Election
27.66% of voters voted for the Democrat party in the 2020 Presidential Election
1.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
School Data
Over the past decade, Brooke County, West Virginia, has seen student-to-teacher ratios fluctuate from 11 in 2019 to 14 in 2022, consistently staying below the national average of 14. This trend hints at a strong commitment to smaller class sizes, potentially appealing to families valuing personalized education. For investors, real estate professionals, and developers, such educational metrics could signal a stable demand for family-oriented housing, adding to the area's overall appeal.... Read more
Student-to-teacher ratio in Brooke County, West Virginia over the last 10 years
Over the past decade, Brooke County, West Virginia, has seen fluctuations in its student-to-teacher ratio, from a low of 11 in 2019 to a high of 14 in 2022. Notably, these rates hover below the national average of 14 students per teacher, reflecting a relatively strong commitment to smaller class sizes, which might appeal to families prioritizing personalized education. For investors or real estate professionals, this trend could signal a stable demand for family-oriented housing. Similarly, as appraisers and insurance agents consider property values and risk assessments, these education metrics suggest a potentially attractive feature. Builders and developers may also find this appealing when planning new projects tailored to families, contributing to the overall desirability of the area.
