Lincoln County Real Estate and Livability Trends
Lincoln County, West Virginia has seen economic fluctuations with average taxable income swinging from $42,463.74 in 2017 to $49,247.78 in 2019, impacting real estate investments. Median home values rose to $94,500 in 2022, making the county relatively affordable. Another key factor is the increased state and local income taxes, rising from $5,782.43 in 2012 to $8,316.67 in 2021. Real estate... Read more
Lincoln County Market Trends
Lincoln County, West Virginia's median home values have been rising recently, reaching $94,500 in 2022, making it a more affordable option compared to state and national medians. The average residential energy tax credit per tax return saw notable peaks and dips, hinting at fluctuating investments in energy efficiency, which could be key for investors and property developers. Real estate taxes... Read more
Median Value of Occupied Housing Units in Lincoln County, West Virginia Over the Last 8 Years
Lincoln County, West Virginia's median home values have seen moderate fluctuations over the past eight years but recently trended upward, reaching $94,500 in 2022. This is lower compared to the state's median at $145,800 and the national median at $179,400 in 2022, suggesting Lincoln County could offer more affordable home investment opportunities. For those considering building or moving to Lincoln County, it contrasts sharply with broader market trends, possibly indicating untapped potential in a less competitive market.
Residential Energy Tax Credit Per Tax Return in Lincoln County, WV Over the Last 8 Years
Lincoln County, West Virginia, has seen notable fluctuations in the average residential energy tax credit per tax return over the past eight years, suggesting varying levels of investment in energy-efficient upgrades. Peaks were observed in 2014, 2019, and 2021 with values hitting $330.00, $550.00, and $425.00 respectively, while dips occurred in 2017 with a lower point of $200.00. These variations might be indicative of economic conditions, policy changes, or shifts in homeowner priorities, offering potential insights into the local market's energy efficiency trends. For investors, property developers, and real estate agents, understanding these patterns could provide a competitive edge in decision-making.
Average Real Estate Taxes Per Tax Return in Lincoln County, WV Over the Last 10 Years
In Lincoln County, West Virginia, real estate taxes per tax return have seen a notable increase over the last decade. Starting at around $791.80 in 2012, taxes consistently rose, peaking at approximately $1,757.14 in 2018, though they've slightly plateaued around the $1,740.00 mark in the most recent years. This upward trend may indicate rising property values or other socio-economic changes impacting tax rates, an important consideration for investors, homeowners, and real estate professionals scrutinizing the area's market dynamics.
Percentage of Farm Returns in Lincoln County, WV Over the Last 10 Years
In Lincoln County, West Virginia, the percentage of farm tax returns has shown a slight upward trend over the past decade. This means that an increasing number of residents are possibly engaging in agricultural activities or reporting agricultural income. In 2012, approximately 1.17% of tax returns were from farms, rising to around 1.42% by 2021. Although the numbers appear small, such incremental growth could signal potential opportunities for agribusiness investments or rural development projects. For those looking to invest in or move to Lincoln County, this trend might suggest a modest but growing agricultural sector that could influence property values and economic activity in the area.
Number of Mortgages by Occupancy Type in Lincoln County, WV Over the Last 5 Years in Lincoln County
Over the last five years in Lincoln County, West Virginia, there's been a noticeable stability in mortgages for principal residences, with slight variations in the numbers, notably peaking at 521 in 2020. Investment property mortgages have remained fairly low and consistent, hovering around the low teens, while second residences show sporadic changes, seeing a notable increase to 13 in 2021. Shifts in occupancy type can influence market dynamics; for investors, high principal residency rates might indicate stable demand and lower vacancy risks. Additionally, second home trends could highlight emerging vacation markets or wealth patterns in the area. For real estate agents and potential homeowners, understanding these shifts could guide decisions on property investments and community growth potential. For appraisers and insurance agents, these variations might affect property valuations and risk assessments.
Economic Outlook
Lincoln County, West Virginia has experienced fluctuations in average taxable income over the last nine years, with a notable jump from $42,463.74 in 2017 to $49,247.78 in 2019, followed by a slight dip in 2020 and a rebound in 2021. This economic variability could impact decisions around investments and property developments. Additionally, the average state and local income taxes per tax return have significantly increased from $5,782.43 in 2012 to $8,316.67 in 2021, indicating either economic... Read more
Average Taxable Income per Tax Return in Lincoln County, WV over the last 9 years
Lincoln County, West Virginia has seen fluctuations in average taxable income over the last nine years, with amounts teetering between $41,792.92 and $49,247.78. Notably, there was a significant rise from $42,463.74 in 2017 to $49,247.78 in 2019, before dipping slightly to $45,067.43 in 2020 and rebounding to $48,499.72 in 2021. The fluctuations highlight economic variability which could be influential for those considering investments, property developments, or real estate opportunities in the region.
Average State and Local Income Taxes Per Tax Return in Lincoln County, WV Over the Last 10 Years
Lincoln County, West Virginia has seen a noteworthy rise in average state and local income taxes per tax return over the last decade, jumping from $5,782.43 in 2012 to $8,316.67 in 2021. This elevated tax trend might signal economic growth or an increased tax burden, impacting decisions for potential investors, real estate developers, and new residents considering the area. The steady increase, particularly from 2018 onward, could reflect broader fiscal changes or shifts in income levels within the community, necessitating a closer look for anyone financially invested in the region.
Average Total Tax Liability Per Tax Return in Lincoln County, WV Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Lincoln County, West Virginia has shown fluctuations, generally trending upwards. Notably, there was a peak in 2019 at $6502.80, followed by a dip in 2020 to $5093.79, and then an increase again in 2021 to $5880.11. These variations could influence potential investment decisions, cost-of-living considerations, and property valuations in the area.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $974 | $1,448 | $3,199 | $1,188 | $1,737 |
| 1 adult 4 children | $974 | $1,182 | $2,456 | $1,188 | $1,674 |
| 2 adults 3 children | $974 | $1,183 | $2,771 | $1,188 | $1,383 |
| 1 adult 3 children | $974 | $966 | $2,028 | $1,188 | $1,344 |
| 2 adults 2 children | $800 | $968 | $2,342 | $1,032 | $1,137 |
| 1 adult 2 children | $800 | $723 | $1,599 | $1,032 | $1,016 |
| 2 adults 1 child | $800 | $765 | $1,914 | $526 | $998 |
| 1 adult 1 child | $800 | $494 | $1,171 | $526 | $762 |
| 2 adults | $649 | $615 | $1,486 | $0 | $808 |
| 1 adult | $590 | $335 | $743 | $0 | $597 |
Safety trends & Data
In Lincoln County, West Virginia, declining property crime rates over the past five years suggest a trend towards increasing safety and security. Burglary rates fell drastically from 21.0 incidents in 2020 to just 5.0 in 2022, while motor vehicle thefts dropped from a peak of 14.0 incidents in 2020 to 2.0 in 2022. Larceny-theft also decreased significantly from 27.0 incidents in 2018 to 3.0 in 2022. These trends may make the area more appealing for real estate investment, highlighting improved... Read more
Property Crime Trends in Lincoln County, WV Over the Last 5 Years
In Lincoln County, West Virginia, property crime trends over the past five years reveal notable fluctuations in different categories. Burglary rates significantly dropped from 21.0 incidents in 2020 to just 5.0 in 2022, while motor vehicle thefts peaked at 14.0 incidents in 2020 before decreasing to 2.0 in 2022. Larceny-theft incidents have also seen a drastic decline, from 27.0 in 2018 to 3.0 in 2022. Interestingly, vandalism showed a more stable pattern, with ups and downs but no extreme variation. For real estate agents and investors, this trend could indicate improving security and safety in the area, potentially making it a more attractive investment locale.
Demographics
Lincoln County, West Virginia, has a slightly higher female adult population compared to males. A significant portion of residents has attained only a high school diploma or less, with college degrees being less common. The age distribution shows a substantial number of residents in the middle to older age brackets, suggesting an aging population. The racial composition is predominantly White, with minimal representation from other racial groups, indicating low racial diversity in the... Read more
Race Distribution in Lincoln County, West Virginia (2022)
Educational Attainment in Lincoln County, West Virginia (2022)
Age Distribution in Lincoln County, West Virginia
Citizen Population in Lincoln County, West Virginia (2022)
Political Trends & Data
In Lincoln County, West Virginia, the 2020 U.S. Presidential Election showed Republicans capturing almost 77% of the vote, while Democrats managed just over 21%. This suggests a significantly conservative voter base, potentially affecting local policies and development projects, which in turn, could influence real estate trends by shaping what types of properties and amenities are in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lincoln County, West Virginia, the 2020 U.S. Presidential Election saw a significant skew towards the Republican Party, accounting for nearly 77% of votes. Meanwhile, the Democratic Party garnered just over 21%, with minor parties like the Libertarians and Greens capturing minimal support. These trends might suggest a highly conservative voter base in this region.
76.78% of voters voted for the Republican party in the 2020 Presidential Election
21.85% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% 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
Lincoln County, West Virginia's decreasing student-to-teacher ratio, falling from nearly 14 in 2014 to just below 12 recently, might signal smaller class sizes, appealing to families and educators focused on individualized attention. Consistently staying below the national average of 14 students per teacher, this trend could make the county more attractive for new residents and educational investments. Lower ratios are often associated with better student performance and higher teacher... Read more
Student-to-teacher ratio in Lincoln County, West Virginia over the last 10 years
Lincoln County, West Virginia has generally seen a trend of decreasing student-to-teacher ratios over the last decade, dropping from nearly 14 in 2014 to just below 12 in recent years. This decline suggests smaller class sizes, which could be appealing to families and educators prioritizing individualized attention for students. Notably, the ratio has consistently remained below the national average of 14 students per teacher, potentially adding to the county's attractiveness for new residents and educational investments. Lower ratios are often linked to improved student performance and teacher satisfaction, making this an interesting data point for appraisers, real estate agents, and anyone considering investing in or moving to the area.
