Clay County Real Estate and Livability Trends
Clay County, West Virginia's real estate market exhibits some intriguing trends. Median home values have climbed from $78,000 in 2015 to $100,800 in 2022, outperforming state growth and positioning the county as a compelling option for affordable housing. Fluctuations in real estate taxes and a decline in energy tax credits might signal tax policy changes affecting ownership costs. A spike in... Read more
Clay County Market Trends
Clay County, West Virginia has seen its median home values rise from $78,000 in 2015 to $100,800 in 2022, outpacing the state’s growth and potentially drawing interest for its affordable housing. Despite this, average residential energy tax credits have trended downwards, suggesting changes in energy-efficient investments or tax policies. Real estate taxes spiked sharply in recent years,... Read more
Median Value of Occupied Housing Units in Clay County, West Virginia Over the Last 8 Years
Clay County, West Virginia has experienced a interesting rise in median home values over the past eight years, climbing from $78,000 in 2015 to $100,800 in 2022. This upward trend is somewhat more pronounced compared to the statewide figures, which went from $103,800 to $145,800 in the same period. Although still trailing the national median, which surged from $125,500 to $179,400, Clay County’s growth trajectory might attract investors looking for emerging markets or those interested in more affordable housing options. The steady increase in home values could indicate a growing demand or improvement in local amenities, making it worth considering for anyone looking to move to or invest in the area.
Residential Energy Tax Credit Per Tax Return in Clay County, WV Over the Last 4 Years
There has been a slight downward trend in the average residential energy tax credit per tax return in Clay County, West Virginia from 2013 to 2016. Starting at $266.67 in 2013, it dropped to $200.00 by 2016, with some fluctuations. This is probably indicative of either decreasing investments in energy-efficient home improvements or possible changes in tax credit policies. For investors, appraisers, real estate agents, or those considering relocations, these figures could imply a broader economic context or shifts in property value dynamics, hence worth keeping an eye on.
Average Real Estate Taxes Per Tax Return in Clay County, WV Over the Last 8 Years
Over the last eight years, Clay County, West Virginia, has exhibited notable fluctuations in average real estate taxes per tax return, with a significant spike in recent years. In 2012, the average real estate tax was $678.26, climbing to $795.45 by 2016. However, what stands out is the dramatic surge in 2018 to $1,700.00, followed by a slight decrease to $1,550.00 in 2019. This sudden increase in tax burden could be of interest to potential investors, property builders, appraisers, insurance agents, and real estate professionals as it reflects underlying changes in the local property market or fiscal policies, impacting the overall attractiveness and cost of owning property in the area.
Percentage of Farm Returns in Clay County, WV Over the Last 10 Years
Over the last decade, Clay County, West Virginia has experienced a modest but noticeable increase in the percentage of farm tax returns, starting at around 2.08% in 2012 and rising to approximately 3.18% by 2021. For potential investors and residents, this trend may indicate a slowly strengthening agricultural sector. Farm tax returns are filed by property owners who derive income from agricultural activities, so observing an uptick suggests incremental growth in farming profitability and perhaps an increase in the viability of agricultural investments or lifestyle in the area.
Number of Mortgages by Occupancy Type in Clay County, WV Over the Last 5 Years in Clay County
Clay County, West Virginia has seen varied trends in mortgage counts across different occupancy types over the last five years. Principal residences consistently dominate, with values peaking at 211 mortgages in 2021. Investment properties and second residences show more modest numbers, though interestingly, investment property mortgages dropped markedly from 23 in 2020 to just 11 in 2022. These shifts matter for investors, real estate agents, and appraisers since a strong market for principal residences signifies stable demand and community growth, while fluctuations in investment and second property mortgages can indicate changing economic conditions or investment climates. For insurers and those considering moving to or building in the area, understanding these trends can help gauge market stability and future risk.
Economic Outlook
Clay County, West Virginia has witnessed a noteworthy rise in average taxable income per tax return, from approximately $38,953.87 in 2013 to around $45,228.71 in 2021, hinting at potential economic growth or changing demographics. The county also shows substantial fluctuations in average state and local income taxes, peaking sharply at $14,000.00 in 2019 before easing to $10,600.00 in 2020, suggesting a variable economic landscape possibly influenced by policy adjustments. Additionally,... Read more
Average Taxable Income per Tax Return in Clay County, WV over the last 9 years
Clay County, West Virginia has seen a general upward trend in average taxable income per tax return over the past nine years, starting at approximately $38,953.87 in 2013 and rising to around $45,228.71 in 2021. Notable spikes occurred post-2017, which could suggest improving economic conditions or shifting demographics that might interest those looking to invest, move, or engage in property-related activities. With household incomes ticking upward, it’s a signal that Clay County could be becoming economically vibrant, warranting attention from real estate agents, potential homebuyers, and investors assessing long-term prosperity.
Average State and Local Income Taxes Per Tax Return in Clay County, WV Over the Last 9 Years
Clay County, West Virginia has experienced substantial fluctuations in average state and local income taxes per tax return over the past nine years. In 2012, the average was around $4,928.13, peaking sharply at $14,000.00 in 2019, before easing down to $10,600.00 in 2020. This volatility could be indicative of economic changes or policy adjustments affecting the area, making it a considerable factor for prospective investors, movers, property builders, and real estate agents to take into account. Such trends might suggest a variable economic landscape, potentially impacting property values and overall market stability.
Average Total Tax Liability Per Tax Return in Clay County, WV Over the Last 10 Years
Over the past decade, Clay County, West Virginia, has seen fluctuations in average total tax liability per tax return, ranging from a low of around $4,782.21 in 2015 to a high of approximately $5,409.26 in 2021. Investors and potential homeowners might find these figures indicative of the economic conditions and financial responsibilities in the area. For real estate agents, this data could suggest the tax burden that clients might expect. The trend generally hints at a slight upward movement, which could be a sign of a slowly improving local economy or changes in tax policy impacting residents.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $803 | $1,303 | $3,199 | $1,057 | $1,571 |
| 1 adult 4 children | $803 | $1,064 | $2,456 | $1,057 | $1,551 |
| 2 adults 3 children | $803 | $1,064 | $2,771 | $1,057 | $1,264 |
| 1 adult 3 children | $803 | $869 | $2,028 | $1,057 | $1,220 |
| 2 adults 2 children | $611 | $871 | $2,342 | $918 | $1,053 |
| 1 adult 2 children | $611 | $651 | $1,599 | $918 | $879 |
| 2 adults 1 child | $611 | $689 | $1,914 | $468 | $915 |
| 1 adult 1 child | $611 | $445 | $1,171 | $468 | $681 |
| 2 adults | $508 | $553 | $1,486 | $0 | $758 |
| 1 adult | $438 | $302 | $743 | $0 | $541 |
Safety trends & Data
Property crime trends in Clay County, West Virginia reveal some fluctuating but notable patterns over the last five years. Burglary incidents peaked in 2020 with 9 reported cases, whereas larceny and theft spiked in 2022 at 8 cases, suggesting year-to-year variability. Motor vehicle thefts and vandalism are relatively sporadic, with only a couple of cases annually. While overall counts aren't extremely high, these fluctuations indicate occasional surges in specific property crimes, useful... Read more
Property Crime Trends in Clay County, WV Over the Last 5 Years
Property crime trends in Clay County, West Virginia reveal some fluctuating but notable patterns over the last five years. Burglary incidents peaked in 2020 with 9 reported cases, whereas larceny and theft saw a significant spike in 2022 at 8 cases, suggesting year-to-year variability. Motor vehicle thefts and vandalism seem relatively sporadic, with only a couple of cases annually. The data is particularly insightful for investors, real estate agents, and insurance professionals as property crimes can influence decisions related to property valuation, insurance premiums, and investment strategies. While the overall counts aren't extremely high, the fluctuations indicate a community that may be experiencing occasional surges in specific property crimes, which is useful for anyone looking to understand the local landscape better.
Demographics
Clay County, West Virginia's demographic landscape reveals a slight male majority among adults and a predominantly White population. Educational attainment levels show a significant portion of residents are high school graduates, although fewer hold bachelor’s or higher degrees. The age distribution spans across a varied range, with the 55 to 64-year-old group being the most populous, hinting at a potentially aging... Read more
Race Distribution in Clay County, West Virginia (2022)
Educational Attainment in Clay County, West Virginia (2022)
Age Distribution in Clay County, West Virginia
Citizen Population in Clay County, West Virginia (2022)
Political Trends & Data
Clay County, West Virginia, shows a strong conservative lean, with Republicans capturing nearly 80% of votes in the last presidential election. Democrats trailed significantly at under 20%, while Libertarians and the Green Party attracted marginal support. This suggests potential stability in conservative zoning and development policies, which could impact local real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clay County, West Virginia, appears to lean heavily Republican with close to 80% of the votes, whereas Democrats garnered just under 20%. Libertarians barely made a dent with around 1% of the vote, and support for the Green Party was almost negligible. This suggests a strong conservative tendency in the region's political landscape.
79.61% of voters voted for the Republican party in the 2020 Presidential Election
19.05% of voters voted for the Democrat party in the 2020 Presidential Election
1.10% 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
Clay County, West Virginia has experienced a notable shift in its student-to-teacher ratio over the past decade. In 2014, the ratio was slightly above average at 14 students per teacher, but by 2023 it had dropped to as low as 11 students per teacher. This shift suggests smaller class sizes, which could be attractive to families prioritizing education. Lower student-to-teacher ratios are often associated with more individualized attention, potentially influencing educational outcomes and school... Read more
Student-to-teacher ratio in Clay County, West Virginia over the last 10 years
Clay County, West Virginia has seen notable shifts in its student-to-teacher ratio over the past decade. Starting from a slightly above-average ratio of 14 students per teacher in 2014, the ratio has varied, dipping significantly below the national average in recent years, reaching as low as 11 in 2023. This trend could indicate smaller class sizes, potentially affecting everything from educational outcomes to school funding. For real estate agents, appraisers, or those considering a move to the area, this may be an appealing factor, as lower student-to-teacher ratios are often associated with more individualized attention for students, which can be a draw for families prioritizing education.
