Cabell County Real Estate and Livability Trends
Cabell County, West Virginia's real estate market is experiencing significant changes with potential opportunities and risks for investors. Home values have risen from $112,800 in 2015 to $144,200 in 2022, while the average taxable income has increased from $50,053.30 in 2013 to $62,307.01 in 2021, suggesting economic strengthening. However, rising state and local taxes coupled with fluctuating... Read more
Cabell County Market Trends
Cabell County, West Virginia's real estate market reveals a notable appreciation in home values, climbing from $112,800 in 2015 to $144,200 in 2022, while offering a more affordable option compared to the national median of $179,400. Residential energy tax credits per tax return have surged from $274.39 in 2013 to $1,675.76 in 2021, suggesting a growing focus on energy efficiency among residents.... Read more
Median Value of Occupied Housing Units in Cabell County, West Virginia Over the Last 8 Years
Cabell County, West Virginia, has experienced a gradual increase in median home values over the past eight years, growing from $112,800 in 2015 to $144,200 in 2022. This local trend mirrors state-wide growth, with West Virginia's median values rising from $103,800 to $145,800 in the same span. Compared to national trends, though, Cabell County's median home values remain below the U.S. average, which surged from $125,500 in 2015 to $179,400 in 2022. For investors, potential homeowners, or those considering relocation to Cabell County, this data suggests a relatively affordable yet appreciating market in a steadily rising state economy.
Residential Energy Tax Credit Per Tax Return in Cabell County, WV Over the Last 9 Years
Residential energy tax credits per tax return in Cabell County, West Virginia have seen a significant upward trajectory over the past nine years, increasing from $274.39 in 2013 to an impressive $1,675.76 in 2021. Particularly notable, the average credit saw dramatic jumps in 2017 and 2020, reflecting a growing investment in energy-efficient home improvements. This trend could imply that residents are increasingly prioritizing sustainable living and taking advantage of available tax incentives, which can be an attractive draw for potential property investors, builders, and homeowners considering the area.
Average Real Estate Taxes Per Tax Return in Cabell County, WV Over the Last 10 Years
Real estate taxes in Cabell County, West Virginia have seen a noticeable increase over the past decade, reaching $3,311.93 per tax return in 2021, up from $1,806.60 in 2012. This consistent rise hints at growing property values and could be a factor for potential investors and real estate professionals to consider. Homeowners and prospective buyers might also see this trend impacting future budgets and affordability. The market seems to reflect an increasing demand, possibly signaling a robust economic environment within the county.
Percentage of Farm Returns in Cabell County, WV Over the Last 10 Years
Cabell County, West Virginia has seen a slight decline in the percentage of farm tax returns over the past decade, beginning at approximately 0.68% in 2012 and decreasing to around 0.56% by 2021. Farm tax returns reflect the number of households or entities involved in agricultural activities that file taxes specifically for farm income. This subtle drop might suggest changes in the agricultural landscape, challenging economic conditions for farmers, or shifts in land use. Investors and potential residents should consider these trends as they might signify evolving property values, availability of farmland, or economic diversification in the region.
Number of Mortgages by Occupancy Type in Cabell County, WV Over the Last 5 Years in Cabell County
In Cabell County, West Virginia, mortgage counts for principal residences have seen notable fluctuations over the past five years, peaking in 2021 with 3,815 before slightly declining to 2,847 in 2022. Investment property mortgages have remained relatively steady, with minimal change from 282 in 2018 to 287 in 2022. Meanwhile, second residence mortgages have consistently remained low, with a slight increase to 60 in 2021 but generally hovering around the 30-mark. Changes in occupancy type are telling; increases in principal residence mortgages might indicate local economic confidence or demographic shifts, while steady investment property figures suggest a stable interest from investors. These trends offer valuable insights for potential investors, real estate agents, and insurance agents assessing market stability and demand.
Economic Outlook
Cabell County, West Virginia's real estate market is showing potential signs of economic growth with the average taxable income per tax return climbing from $50,053.30 in 2013 to $62,307.01 in 2021. This suggests a strengthening local economy, possibly making the area attractive for investment and real estate development. However, with average state and local income taxes nearly doubling from $8,082.44 in 2012 to $17,806.25 by 2021, potential investors and movers should expect higher tax... Read more
Average Taxable Income per Tax Return in Cabell County, WV over the last 9 years
Over the past nine years, the average taxable income per tax return in Cabell County, West Virginia, has generally trended upward, indicating potential economic growth in the area. Starting from $50,053.30 in 2013, it has incrementally increased to $62,307.01 in 2021, despite minor fluctuations. This upward trend might suggest a strengthening local economy, making it a potentially attractive area for investment, home buying, and real estate development. This could also impact appraisals and insurance assessments positively, providing a favorable outlook for stakeholders involved in the housing market.
Average State and Local Income Taxes Per Tax Return in Cabell County, WV Over the Last 10 Years
Cabell County, West Virginia, has experienced a notable rise in average state and local income taxes per tax return over the past decade. Starting at around $8,082.44 in 2012, there's been a steady climb, with a significant spike post-2017, reaching $17,806.25 by 2021. This upward trend is likely reflecting broader economic changes, increased state and local tax rates, or a higher average income among residents. For those looking to invest, move, or conduct business here, this data signals potentially higher tax obligations, impacting the overall cost of living and investment returns.
Average Total Tax Liability Per Tax Return in Cabell County, WV Over the Last 10 Years
Over the last decade, Cabell County, West Virginia has experienced an upward trend in average total tax liability per tax return. Starting at $8,722.33 in 2012, the tax liability gradually increased, reaching $10,406.48 by 2021. Notably, 2014 and 2020 stood out, showing sharp rises to $9,421.46 and $9,791.37, respectively, before peaking in 2021. For investors, real estate agents, and those considering moving to the area, these figures suggest a growing economic base, albeit with higher associated tax implications. Appraisers and insurance agents might also find this data relevant for its potential impact on property values and insurance premiums.
Cost of Living in Cabell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,123 | $1,395 | $3,409 | $1,597 | $1,944 |
| 1 adult 4 children | $1,123 | $1,140 | $2,618 | $1,597 | $1,899 |
| 2 adults 3 children | $1,123 | $1,140 | $2,952 | $1,597 | $1,604 |
| 1 adult 3 children | $1,123 | $931 | $2,161 | $1,597 | $1,546 |
| 2 adults 2 children | $845 | $933 | $2,495 | $1,388 | $1,232 |
| 1 adult 2 children | $845 | $697 | $1,705 | $1,388 | $1,122 |
| 2 adults 1 child | $845 | $738 | $2,038 | $708 | $1,032 |
| 1 adult 1 child | $845 | $476 | $1,248 | $708 | $788 |
| 2 adults | $720 | $593 | $1,582 | $0 | $802 |
| 1 adult | $660 | $323 | $791 | $0 | $588 |
Safety trends & Data
Cabell County, West Virginia, has seen significant fluctuations in property crimes over the last five years. Larceny-theft stood out, peaking at 403 incidents in 2018 and dropping to 119 by 2022. Burglaries have had an inconsistent pattern, decreasing from 49 in 2018, briefly rising to 54 in 2021, and then falling to 46 in 2022. Motor vehicle thefts and arson remain low and stable. Vandalism and stolen property offenses vary widely, lacking a clear trend. For real estate and insurance... Read more
Property Crime Trends in Cabell County, WV Over the Last 5 Years
Over the last five years in Cabell County, West Virginia, property crimes have shown notable fluctuations. Larceny-theft consistently dominates as the most frequent crime, peaking in 2018 with 403 incidents but gradually decreasing to 119 in 2022. Burglary also presents a mixed trend with a decrease from 49 incidents in 2018 to a slight rise again in 2021 with 54 and then tapering off to 46 in 2022. An interesting observation is that motor vehicle thefts and arson remain comparatively low, with minor variances over the years. Meanwhile, incidents of vandalism and stolen property offenses display significant variances but no clear upward or downward trajectory. This information can be crucial for potential investors and real estate agents to estimate risk and property values, and for insurance agents to adjust premiums accordingly.
Demographics
In Cabell County, West Virginia, the population's gender split shows a slight majority of females over males. Educational attainment varies widely, with noticeable portions of the population having some college education or higher degrees, but also a significant number still lacking a high school diploma. The age distribution is fairly evenly spread, though younger cohorts, particularly those aged 20-34, form substantial segments. Racially, the county is predominantly White, with minor... Read more
Race Distribution in Cabell County, West Virginia (2022)
Educational Attainment in Cabell County, West Virginia (2022)
Age Distribution in Cabell County, West Virginia
Citizen Population in Cabell County, West Virginia (2022)
Political Trends & Data
Cabell County, West Virginia, likely shows a strong Republican preference, with about 58% of votes going that way in the 2020 U.S. Presidential Election. Meanwhile, Democrats secured around 40%, and minor parties like Libertarians and Greens made up just 1.4% and 0.3%, respectively. This suggests a notable political consistency that could impact local policy and community choices, potentially influencing real estate market trends and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cabell County, West Virginia, showed a significant preference for Republican candidates in the 2020 U.S. Presidential Election, with approximately 58% of votes. Democrats garnered around 40%, while Libertarians and Green Party candidates received roughly 1.4% and 0.3% of the vote, respectively. This data suggests a strong Republican leaning in this region, though it's possible the minor parties barely made a dent in the overall political landscape.
58.14% of voters voted for the Republican party in the 2020 Presidential Election
40.13% of voters voted for the Democrat party in the 2020 Presidential Election
1.41% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Cabell County, West Virginia has been declining, reaching 12 students per teacher in 2023, notably lower than the national average of 14. This could be a key consideration for families looking to relocate, as it hints at more personalized attention for students. For investors and real estate agents, the improving educational metrics could suggest a rising property value and increased desirability in the area. Appraisers and insurance agents might also find this... Read more
Student-to-teacher ratio in Cabell County, West Virginia over the last 10 years
The student-to-teacher ratio in Cabell County, West Virginia has fluctuated over the past decade but generally shows a declining trend, reaching 12 students per teacher in 2023, lower than the national average of 14. A lower student-to-teacher ratio could indicate more personalized attention for students, which may be appealing for families considering relocating to the area. For investors and real estate agents, this trend might suggest a strengthening educational system, potentially increasing property values and desirability. Appraisers and insurance agents could also find these metrics useful in evaluating the overall community well-being and future market trends in Cabell County.
