Lewis County Real Estate and Livability Trends
Lewis County, West Virginia has witnessed a sharp rise in median home values from $95,500 in 2015 to $134,100 in 2022, aligned with state trends and hinting at growing opportunities for property investors and new residents. Real estate taxes have followed this trend, suggesting potential property valuation increases crucial for prospective buyers concerned about tax implications. Additionally,... Read more
Lewis County Market Trends
Over the past eight years, Lewis County, West Virginia, has seen a sharp rise in median home values from $95,500 in 2015 to $134,100 in 2022. Though still trailing the national median, the county’s uptick closely mirrors state trends, suggesting burgeoning opportunities for both property investors and new residents. Real estate taxes have also trended upward, reflecting potential property... Read more
Median Value of Occupied Housing Units in Lewis County, West Virginia Over the Last 8 Years
Lewis County, West Virginia, has witnessed a sharp increase in its median home values over the last eight years, rising from $95,500 in 2015 to $134,100 in 2022. While the county's home values lagged behind the national median, which surged to $179,400 in 2022, they've largely kept pace with state trends, where values hit $145,800 the same year. This rapid growth could mean increased opportunities for property investors and those considering relocating to the area. For current residents, the value surge hints at appreciating investments and the potential for higher property taxes.
Residential Energy Tax Credit Per Tax Return in Lewis County, WV Over the Last 8 Years
Over the past eight years, Lewis County, West Virginia has seen fluctuating trends in the average residential energy tax credit per tax return, with noticeable peaks in 2019 and 2020 at approximately $366.67 and $466.67 respectively. The data suggests a general upward trend after 2017, indicating a possible increase in energy-efficient home investments or available tax benefits. This trend may appeal to investors and homebuilders, indicating an environment that values energy efficiency. Real estate agents and appraisers might note the potential for higher property values linked to energy-efficient improvements, while insurance agents could consider the implications for premiums.
Average Real Estate Taxes Per Tax Return in Lewis County, WV Over the Last 10 Years
Real estate taxes in Lewis County, West Virginia, have seen a steady increase over the past decade. Starting at approximately $936.67 in 2012, the average tax per return climbed to a high of about $1553.33 in 2019 before slightly decreasing to around $1458.33 in 2021. This trend could suggest a growing valuation of properties, making it a pivotal detail for anyone considering investments or real estate activities in the area. Such data may indicate a broader trend in property market dynamics and potential shifts in municipal funding and resource allocation.
Percentage of Farm Returns in Lewis County, WV Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Lewis County, West Virginia, has hovered around 4% consistently, indicating a stable agricultural presence. Notably, minor fluctuations occurred, peaking around 2017 at approximately 4.39% and dipping slightly lower in other years, such as 2012 at roughly 4.17%. For those considering investments or property development in the region, this steady participation in agriculture could suggest a reliable, albeit modest, sector that contributes to the local economy. Farm tax returns here reflect potential in a community that values its agricultural roots, even as more urbanized-focused investments might also be on the rise.
Number of Mortgages by Occupancy Type in Lewis County, WV Over the Last 5 Years in Lewis County
Lewis County, West Virginia has seen a notable increase in mortgage activity for principal residences over the last five years, peaking at 547 in 2021 from 356 in 2018. Investment properties have generally remained low and relatively steady, while second residence mortgages have fluctuated less predictably. For investors and developers, the consistent demand for principal residences may indicate a stable market for single-family homes. Conversely, appraisers and insurance agents might find the lower yet steady interest in investment properties significant in risk assessment and valuation models. Real estate agents could leverage this data to advise clients on the predominant property types, while those considering a move can be assured of a community-centric County with heavy emphasis on primary living spaces.
Economic Outlook
Lewis County, West Virginia has exhibited a notable upward trend in average taxable income per tax return, reaching around $55,161.65 by 2021, which may indicate a healthier economic outlook. Although average state and local income taxes saw a spike in 2018 at $11,922.22, they slightly stabilized to $9,320.00 by 2021, reflecting periodic economic shifts that could influence investment strategies. The average total tax liability per tax return also displays variability, with figures around... Read more
Average Taxable Income per Tax Return in Lewis County, WV over the last 9 years
Lewis County, West Virginia has seen a roughly upward trend in average taxable income per tax return from 2013 to 2021, with a dip in 2016 and a more significant rise starting from 2018. By 2021, the average taxable income per tax return reached approximately $55,161.65. This could suggest a positive economic movement that may be of interest to those considering investment opportunities, real estate developments, or insurance appraisals in the area. The gradual increase in taxable income generally aligns with healthier fiscal conditions, potentially making Lewis County an attractive location for new residents and businesses.
Average State and Local Income Taxes Per Tax Return in Lewis County, WV Over the Last 10 Years
Lewis County, West Virginia has seen notable fluctuations in average state and local income taxes per tax return over the past decade. Despite a significant jump in 2018 to $11,922.22, taxes appear to stabilize slightly in subsequent years, ending at $9,320.00 in 2021. This trend may suggest periodic economic shifts influencing tax burdens, which is essential for potential investors, property builders, and real estate agents to consider when assessing financial commitments and economic stability in the area.
Average Total Tax Liability Per Tax Return in Lewis County, WV Over the Last 10 Years
Over the last decade, Lewis County, West Virginia has seen fluctuations in the average total tax liability per tax return, with amounts ranging from approximately $6,567.27 in 2013 to $7,796.40 in 2015. This variability suggests an oscillating economic environment, potentially impacting decisions for investors and property developers. Notably, there are periods of increase that might indicate stronger fiscal conditions, with recent figures around $7,460.04 in 2021 hinting at a possible stabilizing trend. These insights could be key for real estate agents and insurance professionals who need to gauge the financial landscape for prospective clients and property appraisals.
Cost of Living in Lewis County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $974 | $1,259 | $3,087 | $1,050 | $1,530 |
| 1 adult 4 children | $974 | $1,028 | $2,370 | $1,050 | $1,491 |
| 2 adults 3 children | $974 | $1,028 | $2,673 | $1,050 | $1,212 |
| 1 adult 3 children | $974 | $839 | $1,957 | $1,050 | $1,180 |
| 2 adults 2 children | $738 | $842 | $2,260 | $916 | $1,009 |
| 1 adult 2 children | $738 | $629 | $1,543 | $916 | $865 |
| 2 adults 1 child | $738 | $665 | $1,846 | $480 | $906 |
| 1 adult 1 child | $738 | $430 | $1,130 | $480 | $690 |
| 2 adults | $635 | $534 | $1,432 | $0 | $760 |
| 1 adult | $614 | $292 | $716 | $0 | $582 |
Safety trends & Data
Lewis County, West Virginia has seen a dynamic trend in property crimes over the past five years. Larceny-theft, the most reported crime, peaked in 2019 at 36.00 incidents but has since declined to 11.00 by 2022. Burglary arrests showed variability, with notable increases in 2019 and 2021, yet returned to lower figures in other years. Sporadic forgery and counterfeiting incidents also peaked in 2019 with 10.00 incidents. These crime patterns might suggest areas of both stability and concern for... Read more
Property Crime Trends in Lewis County, WV Over the Last 5 Years
Lewis County, West Virginia has experienced a notable shift in property crimes over the past five years. Larceny-Theft consistently remained the highest reported crime, peaking in 2019 with 36.00 incidents, but showed a decreasing trend overall to 11.00 incidents by 2022. Burglary arrests fluctuated, with significant increases in 2019 and 2021 but a return to lower numbers in other years. Forgery and Counterfeiting had sporadic occurrences, with the highest in 2019 at 10.00 incidents. This data indicates potential areas of stability and concern for investors, real estate agents, and those considering moving to or living in Lewis County.
Demographics
Lewis County, nestled in West Virginia, reveals intriguing demographic trends. The adult population is almost evenly split between males and females. Educational attainment reflects a strong high school graduation rate, but a noticeable gap in higher education degrees. Age distribution shows a balanced spread across age groups, though the elderly population is fairly significant. Racial demographics indicate a predominantly White community with minimal diversity, which could impact cultural... Read more
Race Distribution in Lewis County, West Virginia (2022)
Educational Attainment in Lewis County, West Virginia (2022)
Age Distribution in Lewis County, West Virginia
Citizen Population in Lewis County, West Virginia (2022)
Political Trends & Data
Lewis County, West Virginia, leaned significantly Republican in the 2020 U.S. Presidential Election, with the GOP capturing nearly 78% of the vote. Democrats managed just over 20%, and minor parties like the Libertarians and Greens had minimal impact. This predominant conservative stance could potentially shape local policies and priorities, possibly influencing real estate market dynamics and community planning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lewis County in West Virginia leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 78% of the vote, while Democrats garnered just over 20%. The Libertarian and Green parties had minimal impact, each receiving around 1.5% and 0.3% respectively. These trends might suggest the county's political landscape is fairly conservative, potentially influencing local policies and voter priorities.
77.54% of voters voted for the Republican party in the 2020 Presidential Election
20.62% of voters voted for the Democrat party in the 2020 Presidential Election
1.56% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Green party in the 2020 Presidential Election
School Data
Lewis County, West Virginia has experienced its student-to-teacher ratio hover around the national average of 14 students per teacher over the last ten years. Variations in this ratio, dipping to as low as 13 students per teacher in certain years and peaking at 15 in others, might impact both the educational quality and the locale's desirability for families considering relocation. Investors and real estate agents might view lower ratios as indicative of more personalized student attention,... Read more
Student-to-teacher ratio in Lewis County, West Virginia over the last 10 years
Lewis County, West Virginia has seen its student-to-teacher ratio fluctuate around the national average of 14 students per teacher over the past decade. Ratios dipped as low as 13 students per teacher in 2016 and 2022 and peaked at 15 students per teacher in 2018. These slight changes in class size could influence both the educational experience and the appeal of the local schooling system for prospective families. For investors, real estate agents, and those interested in relocating, lower ratios might hint at more personalized attention for students, potentially enhancing the area's attractiveness. Conversely, ratios closer to the national average might reflect a stable and balanced educational environment.
