Grant County Real Estate and Livability Trends
In Grant County, West Virginia, the average taxable income per tax return rose from $40,751.50 in 2013 to $53,022.65 in 2021, with a notable spike in state and local income taxes from $5,218.42 in 2012 to $15,890.00 by 2021. Median home prices climbed from $124,900 in 2015 to $150,000 in 2022, outpacing the state median but still trailing the national average. Real estate taxes doubled in the... Read more
Grant County Market Trends
Grant County, West Virginia, has seen significant fluctuations in housing values, with median home prices increasing from $124,900 in 2015 to $150,000 in 2022, surpassing the state median but remaining below the national average. Real estate taxes have more than doubled over the past decade, potentially pointing to shifts in property valuations or tax policies. Notably, residential energy tax... Read more
Median Value of Occupied Housing Units in Grant County, West Virginia Over the Last 8 Years
Grant County, West Virginia's housing market has shown significant fluctuations over the past eight years, with median values rising from $124,900 in 2015 to $150,000 in 2022. Interestingly, Grant County's current median value sits comfortably above the state’s median of $145,800 but lower than the national median of $179,400. This could suggest that while Grant County offers more affordable options compared to the U.S. average, it is becoming a more valuable asset within West Virginia. Investors and potential homebuyers looking for a balance between affordability and appreciating value might find Grant County an appealing option.
Residential Energy Tax Credit Per Tax Return in Grant County, WV Over the Last 7 Years
Grant County, West Virginia has experienced notable fluctuations in its average residential energy tax credit per tax return over the past seven years. While the credit saw a significant dip in 2017 to $166.67, recent data reveals a remarkable rise, peaking at $600.00 in 2021. This variance might indicate rising adoption of energy-efficient measures and increased government incentives. Those considering real estate investments or new builds in Grant County might find this trend indicative of a community leaning towards sustainability, which could influence property values and future development plans.
Average Real Estate Taxes Per Tax Return in Grant County, WV Over the Last 10 Years
Grant County, West Virginia has seen a noticeable upward trend in real estate taxes per tax return over the last decade, with values increasing from $831.88 in 2012 to $1,742.86 in 2021. Particularly sharp increments can be observed around 2018 and 2020, suggesting potential shifts in property valuations or changes in tax policies. This data could be crucial for potential investors and real estate professionals, offering insights into the evolving fiscal landscape and helping gauge future property tax obligations.
Percentage of Farm Returns in Grant County, WV Over the Last 10 Years
Over the last decade, farm tax returns in Grant County, West Virginia have shown minor fluctuations, staying mostly around 7.3% to 7.6%. These figures might suggest stability in the agricultural sector, possibly reflecting the county's reliance on farm incomes. For investors or new residents, understanding the steady percentage of farm returns could be essential, indicating a balanced local economy where agriculture continues to play a significant role.
Number of Mortgages by Occupancy Type in Grant County, WV Over the Last 5 Years in Grant County
In Grant County, West Virginia, there's been a noticeable variation in mortgage trends by occupancy type over the past five years. Principal residences dominate the market, but the number of these mortgages has generally declined. This potentially signals a shift in local housing demand or changes in economic conditions. Investment properties and second residences, while significantly fewer, highlight potential areas for opportunistic buys, especially if current pricing trends hold steady. For investors and developers, understanding these shifts can inform strategic decisions on property acquisition and development. Real estate agents and appraisers may find these changes indicative of broader economic patterns in the county, which could impact property values and market stability.
Economic Outlook
In Grant County, West Virginia, average taxable income per tax return has steadily risen from $40,751.50 in 2013 to $53,022.65 by 2021, pointing to potential economic growth and increasing property values. Average state and local income taxes show a marked rise as well, from $5,218.42 in 2012 to $15,890.00 by 2021, with a significant jump between 2017 and 2018, suggesting economic or policy shifts. The average total tax liability per return fluctuated notably, increasing post-2016 to $7,119.24... Read more
Average Taxable Income per Tax Return in Grant County, WV over the last 9 years
Over the past nine years, the average taxable income per tax return in Grant County, West Virginia, has shown a steady increase, starting from $40,751.50 in 2013 and reaching $53,022.65 by 2021. This upward trend potentially indicates economic growth in the area, making it an appealing prospect for investors and those considering moving to the county. The rising incomes might also impact property values, insurance premiums, and real estate market dynamics, suggesting an overall positive economic environment.
Average State and Local Income Taxes Per Tax Return in Grant County, WV Over the Last 10 Years
Grant County, West Virginia has seen a significant rise in average state and local income taxes per tax return over the past decade. Starting from $5,218.42 in 2012, there's a marked increase peaking at $15,890.00 by 2021. Particularly noteworthy is the sharp jump between 2017 and 2018, from $5,993.42 to $9,307.14, indicating potential economic shifts or policy changes. This trend could be of interest to potential investors, real estate agents, and residents, hinting at evolving economic conditions and possibly affecting financial planning, property values, and overall cost of living in the area.
Average Total Tax Liability Per Tax Return in Grant County, WV Over the Last 10 Years
Over the past decade, the average total tax liability per return in Grant County, West Virginia has seen significant fluctuations, with a notable rise towards the latter years. While figures hovered around $5,200.00 to $5,500.00 from 2012 to 2016, a sharp increase was observed post-2016, reaching up to $7,119.24 in 2021. These changes could reflect alterations in policy, economic growth, or shifts in the demographic composition, offering a diverse set of factors for consideration in investment and property valuation within the region. For insurance agents and real estate professionals, these trends could imply shifting financial dynamics that may affect property values and investment attractiveness.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $925 | $1,311 | $2,771 | $981 | $1,396 |
| 1 adult 4 children | $925 | $1,071 | $2,127 | $981 | $1,367 |
| 2 adults 3 children | $925 | $1,071 | $2,401 | $981 | $1,098 |
| 1 adult 3 children | $925 | $874 | $1,756 | $981 | $1,076 |
| 2 adults 2 children | $738 | $877 | $2,030 | $855 | $955 |
| 1 adult 2 children | $738 | $655 | $1,386 | $855 | $818 |
| 2 adults 1 child | $738 | $693 | $1,660 | $448 | $872 |
| 1 adult 1 child | $738 | $448 | $1,015 | $448 | $676 |
| 2 adults | $561 | $557 | $1,289 | $0 | $720 |
| 1 adult | $557 | $304 | $644 | $0 | $573 |
Safety trends & Data
Grant County, West Virginia has seen fluctuating property crime rates over the past five years. Notable incidents include larceny-theft peaking in 2019 at 5.0 cases and significant vandalism in 2018 and 2021 with 4.0 cases each year. Emerging trends in 2021 revealed a rise in burglary and motor vehicle theft, potentially impacting how real estate investors, appraisers, insurance agents, and new residents evaluate the safety and investment potential of the... Read more
Property Crime Trends in Grant County, WV Over the Last 5 Years
Grant County, West Virginia has experienced fluctuating property crime rates over the past five years, with notable incidents of larceny-theft peaking in 2019 at 5.0 cases and significant occurrences of vandalism in 2018 and 2021 with 4.0 cases each year. Emerging trends in 2021 showed a rise in burglary and motor vehicle theft incidents, highlighting a shift in property crime dynamics. These trends could be crucial for real estate investors, appraisers, insurance agents, and new residents to consider when evaluating the safety and investment potential of the area.
Demographics
Grant County, West Virginia presents a nearly even split between the adult male and female populations. High school graduates and those with some college education form a significant portion of the educational landscape, suggesting perhaps a workforce with foundational skills but limited advanced degrees. The county tends to be older, with large segments of the population over 45 years of age, which might imply certain economic and healthcare considerations. The racial composition shows a... Read more
Race Distribution in Grant County, West Virginia (2022)
Educational Attainment in Grant County, West Virginia (2022)
Age Distribution in Grant County, West Virginia
Citizen Population in Grant County, West Virginia (2022)
Political Trends & Data
Grant County, West Virginia, displayed a strong Republican preference in the 2020 U.S. Presidential Election, with GOP votes possibly making up nearly 90% of the total. The Democratic support hovered around 11%, indicating a less competitive political landscape. Third-party candidates had minimal impact, garnering under 1% of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grant County, West Virginia, showcased a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with nearly 90 percent of the vote possibly indicating a significant conservative presence. The Democratic vote share was notably lower at around 11 percent, suggesting a less competitive two-party environment. Libertarian and Green party candidates combined received less than 1 percent of the vote, reflecting limited third-party influence in the area.
88.42% of voters voted for the Republican party in the 2020 Presidential Election
11.02% of voters voted for the Democrat party in the 2020 Presidential Election
0.36% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
School Data
Grant County, West Virginia's student-to-teacher ratio has varied from six students per teacher in 2014 to around twelve in recent years, consistently staying below the national average of fourteen. Such appealing ratios might attract families and educators looking for smaller class sizes, potentially influencing real estate values. These educational trends could become a significant selling point for real estate agents and a key factor for appraisers and insurance agents when assessing... Read more
Student-to-teacher ratio in Grant County, West Virginia over the last 10 years
Grant County, West Virginia's student-to-teacher ratio has fluctuated significantly over the last decade, with ratios starting as low as six students per teacher in 2014 to highs around twelve students per teacher in recent years like 2021 and 2022. When compared to the national average of fourteen students per teacher, Grant County consistently offers a more favorable, lower ratio. These changes could potentially attract families and educators seeking smaller class sizes, influence real estate values, and affect decisions for those investing in the local education sector. Lower ratios can be a selling point for real estate agents and an essential factor for appraisers and insurance agents when assessing property values and risks.
