Hampshire County Real Estate and Livability Trends
Hampshire County, West Virginia has seen an increase in median home values from $121,400.00 in 2015 to $184,800.00 in 2022, suggesting potentially higher returns for homebuyers. At the same time, average taxable income per tax return rose to about $55,420.26 by 2021, indicating expanding economic opportunities. However, a rise in real estate taxes and average total tax liability might affect... Read more
Hampshire County Market Trends
Hampshire County, West Virginia has seen a compelling increase in median home values, spiking from $121,400.00 in 2015 to $184,800.00 in 2022, outpacing both state and national averages. This uptick may suggest higher returns on investment for homebuyers. Interestingly, residential energy tax credits per tax return experienced notable spikes, like the jump to $1,093.33 in 2021, indicating... Read more
Median Value of Occupied Housing Units in Hampshire County, West Virginia Over the Last 8 Years
Hampshire County, West Virginia has seen an intriguing rise in median home values over the past 8 years, jumping from $121,400.00 in 2015 to $184,800.00 in 2022. This ascent is particularly striking when compared to both the state and national median values. While West Virginia's overall housing values have grown steadily from $103,800.00 to $145,800.00, Hampshire County has outpaced this growth, indicating potential for higher returns on investment. Nationally, housing values increased from $125,500.00 to $179,400.00, presenting Hampshire County as an appealing market for those looking for competitive increases in property value within an emerging locale in West Virginia.
Residential Energy Tax Credit Per Tax Return in Hampshire County, WV Over the Last 8 Years
Hampshire County, West Virginia has seen significant fluctuations in residential energy tax credits per tax return over the past eight years, which can potentially signal varying levels of investment in energy-efficient home improvements by residents. Notably, 2015 and 2021 stand out with average credits of $664.29 and $1,093.33 respectively, suggesting spikes in energy-saving upgrades during these years. This trend may be of particular interest to real estate agents and property investors seeking to identify high-energy-efficiency areas, as well as insurance agents evaluating risk and property value appraisals. The varying dollar amounts also imply evolving county or state incentives that builders and contractors might want to leverage when marketing energy-efficient home options.
Average Real Estate Taxes Per Tax Return in Hampshire County, WV Over the Last 10 Years
Hampshire County, West Virginia has seen a fluctuating trend in average real estate taxes per tax return over the past decade. While there were moderate decreases in the early 2010s, the most striking shift occurred post-2017, where taxes spiked from around $1,284.21 in 2017 to $1,848.72 in 2018, and peaked at $1,973.68 in 2020. This surge may be indicative of rising property values or shifts in municipal fiscal policy, both of which could impact property investors and potential homeowners. This elevated tax burden could be a critical consideration for anyone looking to invest in or relocate to the area.
Percentage of Farm Returns in Hampshire County, WV Over the Last 10 Years
Over the past decade, farm tax returns in Hampshire County, West Virginia have steadily fluctuated around 5.5% to 5.9%. Farm tax returns indicate the percentage of taxable income derived from farm-related activities, such as agriculture and livestock. This trend suggests a relatively stable agricultural sector, which could be reassuring for potential investors or those interested in rural properties, as it implies a consistent local farming economy.
Number of Mortgages by Occupancy Type in Hampshire County, WV Over the Last 5 Years in Hampshire County
In Hampshire County, West Virginia, there’s been noticeable fluctuation in the number of mortgages for principal residences and second homes, while investment properties have generally seen more stability. Principal residences peaked in 2021 with 1,245 mortgages, compared to a notable drop to 864 in 2022. Second residences, though less in number, also saw fluctuations, reaching their high in 2020 with 151. Investment properties remained relatively steady, with a slight increase from 30 in 2019 to 43 in 2022. These shifts can significantly influence market dynamics, as a higher number of mortgages for principal residences might suggest growing local demand, whereas stability in investment property mortgages indicates sustained interest from investors. For those involved in real estate, understanding these trends aids in assessing market health, future investment opportunities, and potential shifts in housing demand.
Economic Outlook
Over the past decade, Hampshire County, West Virginia, has seen a steady increase in average taxable income per tax return, growing from around $40,929.84 in 2013 to approximately $55,420.26 by 2021. This uptick hints at expanding economic opportunities that might benefit investors, real estate developers, and new residents. Additionally, there has been a rise in average state and local income taxes per tax return, moving from $4,345.20 in 2012 to $8,351.52 in 2021, which could affect... Read more
Average Taxable Income per Tax Return in Hampshire County, WV over the last 9 years
Average taxable income per tax return in Hampshire County, West Virginia, has shown a consistent upward trend over the past nine years. Starting at approximately $40,929.84 in 2013, it has steadily increased to around $55,420.26 by 2021. This gradual rise suggests potential growth in economic opportunities and could be a positive indicator for those considering investments, appraisals, real estate development, or relocations in the area.
Average State and Local Income Taxes Per Tax Return in Hampshire County, WV Over the Last 10 Years
Over the past decade, Hampshire County, West Virginia, has experienced a notable rise in average state and local income taxes per tax return, increasing from $4,345.20 in 2012 to $8,351.52 in 2021. This upward trend is particularly significant for potential investors, movers, and real estate professionals as it highlights a shift in the economic landscape that could impact disposable income and cost-of-living calculations. Such changes might also influence property appraisals, insurance premiums, and overall market conditions in Hampshire County.
Average Total Tax Liability Per Tax Return in Hampshire County, WV Over the Last 10 Years
Hampshire County, West Virginia has experienced a steady upward trend in average total tax liability per tax return over the past decade, culminating in a notable increase to $7,371.63 in 2021. This growing tax burden suggests a rise in either income levels or effective tax rates and could indicate a more prosperous or otherwise changing economic landscape. For investors, real estate agents, and those considering a move, this trend could be indicative of an improving economy or rising living costs, making it a point of interest for potential property investments or assessing long-term financial commitments.
Cost of Living in Hampshire County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $981 | $1,355 | $2,809 | $1,248 | $1,607 |
| 1 adult 4 children | $981 | $1,107 | $2,154 | $1,248 | $1,614 |
| 2 adults 3 children | $981 | $1,107 | $2,433 | $1,248 | $1,317 |
| 1 adult 3 children | $981 | $904 | $1,779 | $1,248 | $1,314 |
| 2 adults 2 children | $778 | $906 | $2,058 | $1,084 | $1,095 |
| 1 adult 2 children | $778 | $677 | $1,404 | $1,084 | $997 |
| 2 adults 1 child | $778 | $716 | $1,683 | $553 | $968 |
| 1 adult 1 child | $778 | $463 | $1,029 | $553 | $739 |
| 2 adults | $610 | $575 | $1,308 | $0 | $761 |
| 1 adult | $558 | $314 | $654 | $0 | $570 |
Safety trends & Data
Hampshire County, West Virginia has experienced fluctuating property crime trends over the last five years, with 2018 and 2020 showing more burglary and larceny-theft cases. Motor vehicle theft increased in 2019, whereas arson and stolen property-related crimes stayed relatively low. The highest recorded larceny-theft cases hit 19 in 2020, with significant burglary peaks in both 2018 and 2020. These variations are crucial for investors and residents evaluating the area's security, insurance... Read more
Property Crime Trends in Hampshire County, WV Over the Last 5 Years
Hampshire County, West Virginia has seen fluctuating trends in property crimes over the last five years, with noticeable spikes and drops in various categories. 2018 and 2020 witnessed a higher concentration of burglary and larceny-theft cases, while instances of motor vehicle theft saw an increase in 2019. Types like arson and stolen property-related crimes remained relatively low. The highest value for larceny-theft recorded was in 2020 with 19 reported cases, while burglary peaks were in 2018 and 2020. These variations are crucial for investors, real estate agents, and residents to consider when evaluating the area for security, insurance, or property development purposes.
Demographics
Hampshire County, West Virginia shows a slightly higher male population compared to females, hinting at potential gender-related social dynamics. The educational attainment reveals a strong preference for high school education, with a significant portion having only completed some college or less. Age distribution indicates a more mature population, especially with a notable number in the 55-64 age bracket, which could influence local services and community planning. Racial demographics are... Read more
Race Distribution in Hampshire County, West Virginia (2022)
Educational Attainment in Hampshire County, West Virginia (2022)
Age Distribution in Hampshire County, West Virginia
Citizen Population in Hampshire County, West Virginia (2022)
Political Trends & Data
In Hampshire County, West Virginia, there seems to be a strong lean towards Republican candidates, with nearly 80% of the 2020 Presidential Election vote. Democrats captured around 19%, and the presence of Libertarian and Green Party voters is minimal. These results might highlight wider political patterns influencing local real estate decisions and investment trends, potentially reflecting the community's values and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hampshire County, West Virginia, the 2020 U.S. Presidential Election results suggest a significant preference for Republican candidates, who garnered nearly 80% of the vote, compared to roughly 19% for Democrats. Libertarians and Green Party candidates, though present, captured only small fractions, indicating limited influence. This distribution may reflect broader political trends in the region.
79.65% of voters voted for the Republican party in the 2020 Presidential Election
19.22% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
School Data
Hampshire County, West Virginia, has experienced notable changes in student-to-teacher ratios, with fluctuations from 9 in 2014 to a peak of 14 in 2017, before stabilizing around 12 in 2023. These shifts could hint at modifications in school budget allocations, staffing policies, and demographic trends, impacting classroom sizes and educational quality. For real estate investors and agents, this data underscores the local education system's evolving landscape and growth potential, offering key... Read more
Student-to-teacher ratio in Hampshire County, West Virginia over the last 10 years
Hampshire County, West Virginia, has seen fluctuations in its student-to-teacher ratio over the last decade, starting at 9 in 2014 and reaching a peak of 14 in 2017. The ratio has stabilized closer to the national average of 14 students per teacher, settling around 12 by 2023. These changes might indicate shifts in school budget allocations, staffing policies, and demographic trends, which could affect classroom sizes and educational quality. For prospective investors, real estate agents, and others interested in the area, these ratios provide a glimpse into the local education system's priorities and potential growth areas.
