Marion County Real Estate and Livability Trends
Marion County, West Virginia is seeing a transformative rise in its real estate market, with median home values jumping from $99,800 in 2015 to $147,600 in 2022. Such a robust climb outpaces state growth and positions the county as a prime investment territory. The average residential energy tax credits increased to $463.16 by 2021, hinting at a trend towards energy-efficient homes. Property... Read more
Marion County Market Trends
Marion County, West Virginia has seen its median home values grow from $99,800 in 2015 to $147,600 in 2022, notably outpacing the state's growth and positioning it as an intriguing spot for real estate investments. The average residential energy tax credit per tax return in the county increased from $258.18 in 2013 to $463.16 in 2021, suggesting rising investments in energy-efficient home... Read more
Median Value of Occupied Housing Units in Marion County, West Virginia Over the Last 8 Years
The median home values in Marion County, West Virginia have seen an increase from $99,800 in 2015 to $147,600 in 2022, reflecting a significant upward trend. This growth is somewhat mirrored at the state level, with West Virginia’s median home values rising from $103,800 to $145,800 during the same period. However, Marion County's recent surge outpaces the state's growth, making it an interesting spot for potential real estate investments. Nationally, the median value also increased but at a higher starting point and a greater overall end value, moving from $125,500 in 2015 to $179,400 in 2022. This positions Marion County as a relatively more affordable option while still experiencing substantial value growth.
Residential Energy Tax Credit Per Tax Return in Marion County, WV Over the Last 8 Years
Over the past eight years in Marion County, West Virginia, the average residential energy tax credit per tax return has shown a notable upward trend. Starting at $258.18 in 2013, the credit rose steadily, peaking at $463.16 by 2021. This increase suggests growing investments in energy-efficient home improvements, possibly driven by higher energy costs or more attractive incentives. For potential investors, appraisers, and real estate agents, this trend might indicate a community increasingly motivated to upgrade properties with energy-efficient features. Such improvements could impact property values and future market dynamics.
Average Real Estate Taxes Per Tax Return in Marion County, WV Over the Last 10 Years
Investors and potential homebuyers may notice that real estate taxes in Marion County, West Virginia have shown a notable increase over the last decade. In 2012, taxes averaged about $1,510.80 per return, climbing to approximately $2,292.16 by 2021. A sharp jump occurred between 2017 and 2018, peaking at around $2,315.94. Understanding this upward trend in property taxes might be crucial for budgeting future expenses, appraising properties, setting insurance premiums, or evaluating the long-term cost of living in this area.
Percentage of Farm Returns in Marion County, WV Over the Last 10 Years
The percentage of farm tax returns in Marion County, West Virginia has hovered close to 1.05% over the last decade but dropped to around 0.94% in 2019 and 2020. Farm tax returns often reflect the number of individuals filing as farm entities, impacting local agricultural business climates and potential tax incentives. These fluctuations might indicate varying levels of agricultural activity, potentially affecting investment decisions, property development or lifestyle considerations for those interested in the rural economy of the county.
Number of Mortgages by Occupancy Type in Marion County, WV Over the Last 5 Years in Marion County
Over the last five years, Marion County, West Virginia has generally seen the highest number of mortgages for principal residences, peaking at 2,559 in 2021. In comparison, investment properties and second residences account for a smaller portion, with investment property mortgages slightly declining and second residences showing a more erratic trend. Such changes in occupancy type could offer insights for investors and real estate professionals; for instance, a stable or increasing number of principal residences can signal a healthy demand for long-term housing. Conversely, fluctuations in investment property and second residence figures may denote shifts in market dynamics or economic conditions that could affect property valuations and insurance risk assessments. Understanding these trends helps developers and real estate agents align their strategies with local demands, potentially leading to more informed decisions on where to build or which areas might appreciate in value.
Economic Outlook
Marion County, West Virginia has shown a rising trend in average taxable income per tax return, growing from $48,124.90 in 2013 to $59,832.09 in 2021, signaling potentially improving economic conditions and increased spending power among residents. The average state and local income taxes have also climbed, from about $6,259.79 in 2012 to approximately $9,958.06 by 2021, suggesting economic shifts or policy changes. Additionally, the average tax liability per return has fluctuated but generally... Read more
Average Taxable Income per Tax Return in Marion County, WV over the last 9 years
Marion County, West Virginia has seen a general upward trend in average taxable income per tax return over the past nine years, growing from $48,124.90 in 2013 to $59,832.09 in 2021. Notable increases occurred in 2017 and 2018, with figures around $52,510.42 and $54,721.26 respectively. This is likely of interest to investors and real estate agents as it could indicate improving economic conditions and higher spending power among residents. Appraisers and insurance agents might also find these trends useful when evaluating property values and risk.
Average State and Local Income Taxes Per Tax Return in Marion County, WV Over the Last 10 Years
Marion County, West Virginia has experienced a notable upward trend in average state and local income taxes per tax return over the past decade, with figures increasing from around $6,259.79 in 2012 to approximately $9,958.06 by 2021. This consistent growth may reflect economic changes, evolving tax policies, or demographic shifts that could be valuable for potential investors, residents, and professionals involved in real estate, insurance, and property development. Observing these changes might offer insights into the financial landscape and potential long-term impacts on disposable income and cost of living in the area.
Average Total Tax Liability Per Tax Return in Marion County, WV Over the Last 10 Years
Over the last decade, Marion County, West Virginia has experienced fluctuations in average tax liability per return, with values generally increasing from $6,826.80 in 2012 to $8,293.81 in 2021. Notable spikes, such as the jump to $7,779.82 in 2017 and the peak in 2021, are points of interest for potential investors and real estate professionals as they might indicate economic shifts or policy changes impacting residents' financial responsibilities. This trend could be particularly relevant for appraisers and insurance agents evaluating market conditions and underwriting risks.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,119 | $1,404 | $3,087 | $1,279 | $1,761 |
| 1 adult 4 children | $1,119 | $1,146 | $2,370 | $1,279 | $1,744 |
| 2 adults 3 children | $1,119 | $1,147 | $2,673 | $1,279 | $1,446 |
| 1 adult 3 children | $1,119 | $936 | $1,957 | $1,279 | $1,429 |
| 2 adults 2 children | $902 | $939 | $2,260 | $1,115 | $1,171 |
| 1 adult 2 children | $902 | $701 | $1,543 | $1,115 | $1,054 |
| 2 adults 1 child | $902 | $742 | $1,846 | $584 | $1,016 |
| 1 adult 1 child | $902 | $479 | $1,130 | $584 | $790 |
| 2 adults | $721 | $596 | $1,432 | $0 | $807 |
| 1 adult | $717 | $325 | $716 | $0 | $624 |
Safety trends & Data
Marion County, West Virginia, has experienced a mostly increasing trend in property crimes over the past five years. Larceny-theft, the most common crime, peaked at 139 instances in 2022, up from 71 in 2018. While burglary surged to 35 incidents in 2021 before slightly declining, motor vehicle thefts and arson remained relatively consistent. Fluctuations in fraud, embezzlement, and vandalism may reflect changes in local economic conditions or law enforcement. These crime trends are essential... Read more
Property Crime Trends in Marion County, WV Over the Last 5 Years
Marion County, West Virginia has seen a fluctuating but mostly increasing trend in property crimes over the past five years. Larceny-theft stands out as the most prevalent crime, peaking at 139 instances in 2022, up from 71 in 2018. Burglary also surged significantly, reaching 35 incidents in 2021 before dropping slightly in 2022. Motor vehicle thefts and cases of arson were relatively consistent but saw occasional spikes. The varying trends in fraud, embezzlement, and vandalism could indicate shifts in local economic conditions or law enforcement effectiveness. These crime patterns are vital for real estate investors, insurance agents, and prospective residents analyzing neighborhood safety and property values.
Demographics
Marion County, West Virginia, in 2022 showed a noticeable gender balance, with a slightly higher female population. Educationally, a significant portion of the population, around 15,398 individuals, graduated high school, with a meaningful number also reaching higher education levels. Age-wise, the county has a relatively balanced distribution across different age groups, but there might be a slight concentration in the 55 to 64 years bracket. The racial makeup is predominantly White, with... Read more
Race Distribution in Marion County, West Virginia (2022)
Educational Attainment in Marion County, West Virginia (2022)
Age Distribution in Marion County, West Virginia
Citizen Population in Marion County, West Virginia (2022)
Political Trends & Data
In Marion County, West Virginia, the political landscape skews significantly Republican, with around 63% of the electorate supporting the Republican candidate in the 2020 U.S. Presidential Election. The Democratic candidate saw roughly 35% of the votes, and minimal support went to Libertarian and Green parties. This political leaning could influence local priorities and decision-making, potentially impacting aspects like zoning laws and community investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marion County, West Virginia appears to lean heavily Republican, with around 63% of the votes in the 2020 U.S. Presidential Election going to the Republican candidate. The Democratic candidate garnered approximately 35%, while Libertarian and Green parties received about 1.9% and 0.4% respectively. This could suggest a strong conservative presence in the county, with limited support for third parties.
63.19% of voters voted for the Republican party in the 2020 Presidential Election
34.51% of voters voted for the Democrat party in the 2020 Presidential Election
1.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% of voters voted for the Green party in the 2020 Presidential Election
School Data
Marion County, West Virginia's student-to-teacher ratio has swung between 12 and 14 over the past decade, typically hovering around the national average. This subtle trend towards more individualized student attention could attract families who prioritize education, potentially affecting real estate investments. For real estate agents and appraisers, these ratios could serve as a selling point, indicating higher property values and appealing marketing strategies focused on smaller class sizes... Read more
Student-to-teacher ratio in Marion County, West Virginia over the last 10 years
Marion County, West Virginia has experienced fluctuations in its student-to-teacher ratio over the last decade, ranging from a low of about 12 in 2017 to a high of 14 in both 2018 and 2021. Generally sitting close to or below the U.S. national average of 14 students per teacher, Marion County's ratios might suggest comparatively more individualized attention for students. These trends could impact decisions regarding real estate investments, suggesting a potentially stronger appeal for families prioritizing education. For real estate agents and appraisers, such ratios might influence property values and marketing strategies, highlighting the potential for improved educational outcomes due to smaller class sizes.
