Marshall County Real Estate and Livability Trends
In Marshall County, West Virginia, taxable income and home values have seen notable increases, with average taxable income rising from around $48,668.19 in 2013 to $61,043.54 in 2021, and median home values climbing from $94,600 in 2015 to $130,500 in 2022. Average total tax liabilities and real estate taxes have also increased, suggesting evolving economic conditions that could impact investment... Read more
Marshall County Market Trends
Marshall County, West Virginia's median home values have risen sharply from $94,600 in 2015 to $130,500 in 2022, hinting at growing demand and affordable investment opportunities compared to broader state and national trends. The average residential energy tax credit in the county has seen notable fluctuations, peaking at $560.00 in 2017 and dropping to $353.33 in 2020, potentially reflecting... Read more
Median Value of Occupied Housing Units in Marshall County, West Virginia Over the Last 8 Years
Marshall County, West Virginia's median home values have experienced a significant upward trend over the past eight years, jumping from $94,600 in 2015 to $130,500 in 2022. This increase is quite pronounced compared to both state and national levels. While West Virginia's median value rose from $103,800 to $145,800 in the same period, the national figure surged more dramatically from $125,500 to $179,400. This context suggests Marshall County could offer more affordable opportunities for investment or relocation compared to broader trends, though the rising prices indicate growing demand and potentially increasing property values in the future.
Residential Energy Tax Credit Per Tax Return in Marshall County, WV Over the Last 8 Years
Marshall County, West Virginia has seen a generally upward trend in the average residential energy tax credit per tax return over the past eight years, peaking at $560.00 in 2017. Notably, there's been significant fluctuation, with a considerable dip in 2016 to $280.00 and another drop in 2020 to $353.33. These variations might suggest changing energy policies or shifts in homeowner investments in energy-efficient improvements. For potential investors and property builders, understanding these trends could signal opportunities for energy-efficient developments, while insurance agents might see this as a factor in assessing risk and coverage options. Real estate agents can pitch the potential for tax savings through energy upgrades to prospective homebuyers.
Average Real Estate Taxes Per Tax Return in Marshall County, WV Over the Last 10 Years
Marshall County, West Virginia has experienced a steady increase in average real estate taxes per tax return over the last decade. Starting at approximately $1,019.61 in 2012, there has been a notable rise, peaking at roughly $1,889.47 by 2021. The most significant jumps occurred between 2017 and 2018, suggesting potential shifts in property values or tax rates during this period. These trends may be particularly relevant for potential investors, property builders, real estate agents, and insurance professionals, indicating a growing tax burden that could influence property costs and valuations in the region.
Percentage of Farm Returns in Marshall County, WV Over the Last 10 Years
Over the past decade, Marshall County in West Virginia has seen a fairly stable trend in the percentage of farm tax returns, fluctuating between approximately 2.45% and 2.76%. Farm tax returns, which are filed by farm owners and operators to report income and expenses, provide a useful indicator of agricultural activity and economic health in the area. This degree of stability might imply a steady agricultural presence in the county. For those looking to invest in, move to, or build property in Marshall County, this could indicate that the local agricultural sector is relatively consistent and potentially resilient to economic shifts.
Number of Mortgages by Occupancy Type in Marshall County, WV Over the Last 5 Years in Marshall County
In Marshall County, West Virginia, over the past five years, the number of mortgages for principal residences has consistently been the highest, with peaks in 2020 and 2021. Investment properties have seen a slight decline since 2019, while second residences have fluctuated but generally remained a small fraction of the market. Shifts in occupancy types can impact property values, demand for rentals, and insurance risk assessments, which are crucial for investors, homebuyers, appraisers, insurance agents, builders, and real estate professionals. This information suggests a stable but potentially cooling market in non-primary residential properties.
Economic Outlook
In Marshall County, West Virginia, the average taxable income per tax return has steadily increased from around $48,668.19 in 2013 to approximately $61,043.54 in 2021, suggesting potential economic health that's likely drawing the attention of investors and real estate professionals. Parallelly, the average state and local income taxes per tax return have surged from $6,649.71 in 2012 to $11,417.39 in 2021, possibly indicating changing economic conditions or evolving tax policies that could... Read more
Average Taxable Income per Tax Return in Marshall County, WV over the last 9 years
In Marshall County, West Virginia, there has been a noticeable upward trend in the average taxable income per tax return over the past nine years, despite some fluctuations. While 2013 started at an average taxable income of around $48,668.19, it saw a significant increase by 2021, reaching approximately $61,043.54. Peaks were seen in years such as 2017 and 2019, with minor dips following years of increase. This steady rise may indicate growing economic health and could be a positive sign for investors, appraisers, real estate agents, and potential residents looking at long-term financial stability in the area.
Average State and Local Income Taxes Per Tax Return in Marshall County, WV Over the Last 10 Years
In Marshall County, West Virginia, the average state and local income taxes per tax return have shown a notable upward trend over the last decade, with a marked increase from $6,649.71 in 2012 to $11,417.39 in 2021. The most significant jumps occurred between 2014 and 2015, and again between 2020 and 2021. These trends could suggest evolving economic conditions or changes in tax policies, relevant for those considering financial or property investments, as well as for insurance agents and real estate professionals analyzing cost-of-living adjustments and potential market shifts in the area.
Average Total Tax Liability Per Tax Return in Marshall County, WV Over the Last 10 Years
Marshall County, West Virginia has seen fluctuating average total tax liabilities per tax return over the last decade. Between 2012 and 2021, the highest tax liability was recorded in 2015 at $9,266.76, followed by 2021 at $9,142.41. However, 2016 experienced a notable drop to $6,982.38, raising questions about economic activities or tax policies affecting residents during that year. These variations can be crucial for investors and real estate agents when assessing the economic stability and potential growth, while appraisers and insurance agents might find this data useful for risk assessment and pricing strategies. For residents or those considering a move, understanding these tax trends could be essential for financial planning.
Cost of Living in Marshall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,022 | $1,303 | $2,965 | $1,324 | $1,634 |
| 1 adult 4 children | $1,022 | $1,064 | $2,276 | $1,324 | $1,633 |
| 2 adults 3 children | $1,022 | $1,064 | $2,569 | $1,324 | $1,341 |
| 1 adult 3 children | $1,022 | $869 | $1,879 | $1,324 | $1,330 |
| 2 adults 2 children | $787 | $871 | $2,173 | $1,150 | $1,097 |
| 1 adult 2 children | $787 | $651 | $1,483 | $1,150 | $965 |
| 2 adults 1 child | $787 | $689 | $1,776 | $586 | $942 |
| 1 adult 1 child | $787 | $445 | $1,086 | $586 | $728 |
| 2 adults | $615 | $553 | $1,380 | $0 | $744 |
| 1 adult | $536 | $302 | $690 | $0 | $548 |
Safety trends & Data
Marshall County, West Virginia has seen significant shifts in property crime, with larceny-theft incidents hitting a high of 131.00 in 2018 before dropping to 39.00 by 2022. Other crimes like motor vehicle theft, fraud, and burglary exhibit more consistent and lower numbers. These trends might be a key factor for investors, property developers, insurers, and prospective residents weighing risks and opportunities in the... Read more
Property Crime Trends in Marshall County, WV Over the Last 5 Years
Marshall County, West Virginia showcases noticeable fluctuations in property crimes over the last five years, particularly with larceny-theft peaking at 131.00 incidents in 2018 and then dipping to 39.00 in 2022. Arson, motor vehicle theft, fraud, and other categories like burglary and embezzlement generally show lower and more consistent values, reflecting more isolated occurrences. Despite these variances, the overall trend may inform risk assessments for potential investors, property developers, insurers, and residents evaluating this area.
Demographics
Marshall County, West Virginia, appears to have a fairly balanced gender distribution and a predominantly white population. Age-wise, it looks like there's a significant portion of older residents, especially those aged 55 to 74, compared to younger demographics. When looking at educational attainment, the majority of adults have at least a high school diploma, though fewer have advanced degrees. This blend of demographic factors could possibly impact local services, healthcare needs, and... Read more
Race Distribution in Marshall County, West Virginia (2022)
Educational Attainment in Marshall County, West Virginia (2022)
Age Distribution in Marshall County, West Virginia
Citizen Population in Marshall County, West Virginia (2022)
Political Trends & Data
In Marshall County, West Virginia, political leanings in the 2020 presidential election significantly favored Republican candidates, with around 74% of the vote. This strong Republican presence suggests possible influences on local policies and real estate market dynamics. For investors and potential homebuyers, understanding these political influences may provide insights into community values and potential shifts in property demands or... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marshall County, West Virginia, the 2020 election results leaned heavily Republican, attracting roughly 74% of the vote, while Democrats captured about 25%. Libertarians and Greens garnered minimal support, with just around 1% and 0.3% respectively. This skew towards Republican preference could indicate longstanding political inclinations or responses to local and national issues prevalent during the election period.
74.11% of voters voted for the Republican party in the 2020 Presidential Election
24.54% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Green party in the 2020 Presidential Election
School Data
Marshall County, West Virginia has been trending toward smaller class sizes over the past decade, going from nearly fourteen students per teacher in 2014 to just above ten in 2023. This could suggest a more personalized education experience, which is appealing to families considering relocation. This shift might indicate a community that values quality education, potentially drawing interest from real estate investors and agents. Appraisers and insurance agents might also see this as a sign of... Read more
Student-to-teacher ratio in Marshall County, West Virginia over the last 10 years
Over the last decade, Marshall County, West Virginia has seen a decrease in student-to-teacher ratios, moving from a peak of nearly fourteen students per teacher in 2014 to slightly above ten in 2023. This continuing trend towards smaller class sizes could potentially indicate a more personalized education experience compared to the national average of fourteen students per teacher. Prospective investors and real estate agents might find this appealing as it suggests a community prioritizing quality education, which is often a key factor for families considering relocation. Appraisers and insurance agents could also view this as a marker for stable, community-focused development in the county.
