Gilmer County Real Estate and Livability Trends
Gilmer County, West Virginia, experienced noticeable fluctuations in median home values and real estate taxes. Home values peaked at $93,300 in 2019, dropped to $79,900 in 2020, and rebounded to $89,800 in 2022, providing potential buy-low opportunities for investors. Real estate taxes spiked significantly in 2019 ($2,166.67) and 2020 ($2,450.00). The student-to-teacher ratio declined from 13 in... Read more
Gilmer County Market Trends
Gilmer County, West Virginia, has experienced notable fluctuations in median home values and real estate taxes, which diverge from the steadier increases seen at the state and national levels. The county’s median home values peaked at $93,300 in 2019, dropped to $79,900 in 2020, and then rebounded to $89,800 in 2022. This variability might attract investors looking to buy properties during... Read more
Median Value of Occupied Housing Units in Gilmer County, West Virginia Over the Last 8 Years
Gilmer County, West Virginia, saw its median home values fluctuate over the last eight years, hitting a peak at $93,300 in 2019 and dipping to $79,900 in 2020 before recovering to $89,800 in 2022. This is a stark contrast to the national and state trends, as both saw a steady increase; West Virginia hit $145,800 and the national median reached $179,400 in 2022. For investors and prospective residents, this variability in Gilmer County could signal potential opportunities for buying low in a market that's experiencing more pronounced fluctuations compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Gilmer County, WV Over the Last 4 Years
Over the last four years, Gilmer County, West Virginia, saw fluctuations in the average residential energy tax credit per tax return. Although there was a notable peak in 2015 at $366.67, values dipped again in 2016 to $233.33. This variability hints at an inconsistent investment in energy-efficient home improvements or shifting participation in claiming tax credits. Such trends could indicate changing homeowner behaviors or varying incentives, which may affect decisions for potential property investors, appraisers, and insurance agents assessing property value and risk.
Average Real Estate Taxes Per Tax Return in Gilmer County, WV Over the Last 10 Years
Real estate taxes in Gilmer County, West Virginia show considerable fluctuation over the last decade, with notable spikes in 2019 ($2,166.67) and 2020 ($2,450.00) compared to the earlier steady range around $1,150.00 to $1,377.78. This volatility could suggest underlying changes in property valuations, tax policies, or economic conditions impacting the area. For investors, appraisers, and real estate agents, understanding these trends could help in predicting future tax liabilities and assessing property-related expenses. Buyers and insurance agents may need to account for potential variability when planning long-term commitments in the county.
Percentage of Farm Returns in Gilmer County, WV Over the Last 10 Years
In Gilmer County, West Virginia, the percentage of farm returns has shown fluctuations over the past decade. Starting at 6.64% in 2012, the numbers saw a slight dip and subsequent rise, peaking at around 7.50% in 2017. Recent years, however, demonstrate a mixed trend, ending at 6.99% in 2021. These farm returns can offer insights into the agricultural economic health of the region and might be a significant factor for anyone looking to invest in farmland, considering building property, or are generally interested in the local farming economy. Farm returns are essentially tax returns filed by farms, indicating their financial activities, and a higher percentage suggests a potentially stable or growing farming community.
Number of Mortgages by Occupancy Type in Gilmer County, WV Over the Last 5 Years in Gilmer County
The mortgage trends in Gilmer County, West Virginia over the past five years show a significant increase in loans for principal residences, peaking at 116 in 2022 compared to 63 in 2018. Investment property mortgages have been relatively low but steady, seeing a slight uptick in 2022. Second residence loans peaked at 9 in 2021, slightly fluctuating otherwise. These shifts in occupancy types could imply changing resident demographics and housing demands, crucial for investors, real estate agents, and property developers aiming to understand the market and target their offerings appropriately. For appraisers and insurance agents, recognizing these trends can lead to more precise property valuations and risk assessments.
Economic Outlook
Gilmer County, West Virginia, shows an upward trend in taxable income per tax return, peaking at $49,635.42 in 2018, suggesting economic growth and a potentially stronger local economy. State and local income taxes, while variable, hit a high of $26,875.00 in 2019, potentially impacting investment decisions. Total tax liabilities have also fluctuated, with significant peaks and a notable dip in 2020 to $5,004.40, indicating possible economic shifts. These trends are useful for investors, real... Read more
Average Taxable Income per Tax Return in Gilmer County, WV over the last 9 years
The average taxable income per tax return in Gilmer County, West Virginia, has shown variability over the past nine years, with figures ranging from around $41,271.54 in 2013 to a peak of $49,635.42 in 2018. Despite fluctuations, there's an observable upward trend, suggesting potential economic growth or increasing earning capacity in the area. This could have implications for investors, real estate agents, and those looking to build property, indicating a possibly strengthening local economy and a stable tax base. Insurance agents and appraisers might also note these trends, as they can affect property values and insurance assessments.
Average State and Local Income Taxes Per Tax Return in Gilmer County, WV Over the Last 10 Years
Over the last decade, Gilmer County, West Virginia has seen fluctuating average state and local income taxes per tax return. While there was a notable spike in 2019, reaching $26,875.00, the values in other years showed significant variability, such as in 2018 at $16,333.33 and dropping back to approximately $8,433.33 in 2020. This variability could impact decisions for potential investors or new residents considering the reliability of tax environment projections.
Average Total Tax Liability Per Tax Return in Gilmer County, WV Over the Last 10 Years
Over the past decade, Gilmer County, West Virginia, has seen fluctuating average total tax liabilities per tax return. Notable peaks occurred in 2014 and 2018, with liabilities reaching approximately $7,160.00 and $7,375.80, respectively. However, 2020 marked a significant dip to around $5,004.40, likely reflecting broader economic impacts. This variability could suggest economic shifts or changes in income levels, valuable for potential investors, real estate agents, appraisers, and insurance agents assessing financial trends in the region.
Cost of Living in Gilmer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $898 | $1,259 | $3,087 | $950 | $1,475 |
| 1 adult 4 children | $898 | $1,028 | $2,370 | $950 | $1,430 |
| 2 adults 3 children | $898 | $1,028 | $2,673 | $950 | $1,159 |
| 1 adult 3 children | $898 | $839 | $1,957 | $950 | $1,119 |
| 2 adults 2 children | $738 | $842 | $2,260 | $828 | $1,001 |
| 1 adult 2 children | $738 | $629 | $1,543 | $828 | $853 |
| 2 adults 1 child | $738 | $665 | $1,846 | $434 | $908 |
| 1 adult 1 child | $738 | $430 | $1,130 | $434 | $691 |
| 2 adults | $561 | $534 | $1,432 | $0 | $745 |
| 1 adult | $557 | $292 | $716 | $0 | $573 |
Safety trends & Data
Property crime trends in Gilmer County, West Virginia have shown some variability over the past five years, with notable fluctuations in categories like fraud and vandalism. Fraud incidents appear to have peaked in 2021 with five cases, up from three or fewer in other years, suggesting a possible increased vulnerability to financial crimes. Larceny-theft also saw a spike in 2021 with four cases, but tends to be less fluctuated overall. Vandalism incidents were highest in 2019 with four cases,... Read more
Property Crime Trends in Gilmer County, WV Over the Last 5 Years
Property crime trends in Gilmer County, West Virginia have shown some variability over the past five years, with notable fluctuations in categories like fraud and vandalism. Fraud incidents appear to have peaked in 2021 with five cases, up from three or fewer in other years, suggesting a possible increased vulnerability to financial crimes. Larceny-theft also saw a spike in 2021 with four cases, but tends to be less fluctuated overall. Meanwhile, vandalism incidents were highest in 2019 with four cases, potentially indicating concerns for property damage in specific years. Understanding these trends can aid investors, appraisers, insurance agents, and real estate professionals in making informed decisions about property values and risk assessments.
Demographics
Gilmer County, West Virginia exhibits a striking gender imbalance with a notably higher male population. Educational attainment levels suggest a community where high school graduates form the largest segment, but there's a comparatively low percentage of individuals with advanced degrees. Age distribution reveals a relatively balanced spread across age groups, though there’s a slight concentration in the 35 to 44 years bracket. The racial composition is predominantly White, with very small... Read more
Race Distribution in Gilmer County, West Virginia (2022)
Educational Attainment in Gilmer County, West Virginia (2022)
Age Distribution in Gilmer County, West Virginia
Citizen Population in Gilmer County, West Virginia (2022)
Political Trends & Data
Gilmer County in West Virginia likely leans heavily Republican, with the 2020 Presidential Election results showing the GOP capturing roughly 76% of the vote. In contrast, Democrats perhaps secured around 23%, and minor parties like the Libertarians and Greens combined for approximately 2% of the vote. This voting pattern could signify a strong Republican presence, in line with broader trends seen across the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gilmer County in West Virginia saw a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, capturing roughly 76% of the vote. The Democrats possibly lagged behind with around 23%, while minor parties like the Libertarians and Greens garnered notably less support, potentially around 1.5% and 0.5% respectively. This trend might indicate a strong Republican presence in the county, reflecting broader state trends.
75.58% of voters voted for the Republican party in the 2020 Presidential Election
22.50% of voters voted for the Democrat party in the 2020 Presidential Election
1.47% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Gilmer County, West Virginia, the student-to-teacher ratio has declined from 13 students per teacher in 2015 to about 12 in 2023, consistently staying below the national average of 14. This trend suggests potentially smaller class sizes and could indicate higher educational standards, which might attract families looking for quality education. For real estate investors and agents, this demographic appeal could boost the housing market and community investments. Maintaining or further... Read more
Student-to-teacher ratio in Gilmer County, West Virginia over the last 10 years
In Gilmer County, West Virginia, the student-to-teacher ratio has shown a modest decline over the past decade, dropping from 13 students per teacher in 2015 to about 12 in 2023. Consistently hovering below the national average of 14 students per teacher, this trend could imply smaller class sizes, potentially leading to more individualized attention for students. For investors, real estate agents, and families considering a move, this is likely indicative of potentially higher educational standards in the area. Lower ratios can attract families seeking quality education, possibly boosting the housing market and community investments. For educators and policymakers, maintaining or further reducing this ratio could be a strategic focal point to enhance educational outcomes and community appeal.
