McDowell County Real Estate and Livability Trends
Investors might find McDowell County, West Virginia, interesting due to the lower median home values, which have risen from $35,500 in 2015 to $47,500 in 2022. The county's fluctuating real estate and energy tax credits, combined with the variation in property crimes, underscore the need for thoughtful investment strategies. Additionally, the relatively low student-to-teacher ratio could enhance... Read more
McDowell County Market Trends
The median home values in McDowell County, West Virginia, have generally climbed from $35,500 in 2015 to $47,500 in 2022, although still well below West Virginia’s and national medians. Investors might find these lower prices appealing against the backdrop of a rising trend. Fluctuations in the Residential Energy Tax Credit, peaking at $600.00 in 2017 and seeing renewed interest in 2020 with... Read more
Median Value of Occupied Housing Units in McDowell County, West Virginia Over the Last 8 Years
The median home values in McDowell County, West Virginia, have shown a mixed trend with a general upward trajectory in the past 8 years, rising from $35,500 in 2015 to $47,500 in 2022. This is significantly lower compared to West Virginia's median value, which increased from $103,800 to $145,800 in the same period, and the national median, which surged from $125,500 to $179,400. For investors and homebuyers, this could imply McDowell County might offer more affordable opportunities while also tracking broader upward movements in home value trends.
Residential Energy Tax Credit Per Tax Return in McDowell County, WV Over the Last 8 Years
The Residential Energy Tax Credit in McDowell County, West Virginia, has shown considerable fluctuation over the past eight years. Seeing a peak at $600.00 in 2017 indicates potential spikes in energy-efficient investments, while other years like 2015 and 2021 saw lower averages at around $311.11 and $333.33, respectively. Notably, the credit jumped again in 2020 to $533.33, suggesting renewed interest or investment in residential energy efficiency. These variations can be insightful for investors and real estate professionals as they reflect changing local commitments to energy-saving measures, which may impact property values and insurance considerations.
Average Real Estate Taxes Per Tax Return in McDowell County, WV Over the Last 9 Years
Over the past nine years, McDowell County, West Virginia, has experienced notable fluctuations in average real estate taxes per tax return, ranging from a high of $1,093.75 in 2015 to a low of $466.67 in 2020. These changes might reflect shifts in property values, county tax rates, or economic conditions in the area. Such variability could be crucial for investors, real estate agents, and prospective homeowners to consider, as it may impact long-term financial planning and property desirability. Appraisers and insurance agents might also need to take these trends into account when assessing property values and setting premiums.
Number of Mortgages by Occupancy Type in McDowell County, WV Over the Last 5 Years in McDowell County
The mortgage trends in McDowell County, West Virginia show an overwhelming preference for principal residences, consistently dominating the market over the last five years. This preference is followed distantly by investment properties and second residences. Fluctuations in principal residence mortgages may indicate shifting local economic conditions or population dynamics, potentially affecting property values and market stability. Investors and real estate agents should note this dominance, as it could influence property pricing and demand. Meanwhile, changes in second home purchases, though minor, might signal a budding interest in the county's appeal as a vacation or retirement spot. These patterns hold value particularly for appraisers, insurance agents, and those considering building or investing in the area, as they offer insights into buyer behavior and future market trends.
Economic Outlook
In McDowell County, West Virginia, the average taxable income per tax return has oscillated between $34,000.00 and nearly $40,000.00 over the past nine years, rebounding notably to approximately $39,918.99 in 2021 after hitting lows like $35,147.49 in 2016. Significant variations in state and local income taxes, including a plunge to $4,020.00 in 2020 and a spike to $10,850.00 in 2021, suggest shifting economic conditions or tax policies. The overall downward trend in average total tax... Read more
Average Taxable Income per Tax Return in McDowell County, WV over the last 9 years
Average taxable income per tax return in McDowell County, West Virginia has shown both declines and recoveries over the last nine years, fluctuating between $34,000.00 to nearly $40,000.00. Most notably, it dipped to about $35,147.49 in 2016 but later rebounded to approximately $39,918.99 in 2021. This variability might be critical for investors, real estate professionals, and insurance agents to consider, as it reflects both economic challenges and potential growth in the area.
Average State and Local Income Taxes Per Tax Return in McDowell County, WV Over the Last 10 Years
Over the past decade, McDowell County, West Virginia, has seen significant fluctuations in average state and local income taxes per tax return. Noteworthy is the sharp drop from $6,579.17 in 2012 to a low of $4,020.00 in 2020, before a substantial spike to $10,850.00 in 2021. These variations could indicate changing economic conditions, tax policies, or demographic shifts, crucial for investors, real estate agents, and appraisers to consider when evaluating financial stability and potential growth in the area.
Average Total Tax Liability Per Tax Return in McDowell County, WV Over the Last 10 Years
Over the past decade, McDowell County, West Virginia has witnessed fluctuating average total tax liabilities per tax return, peaking at $5,232.03 in 2012 before generally declining to $4,298.26 in 2021. While there have been brief upticks, the overall trend suggests a downward pattern, potentially indicating shifts in economic conditions or taxpayer earnings. This trend may provide valuable insights for investors, real estate professionals, and residents evaluating the economic landscape and fiscal health of the area.
Cost of Living in McDowell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $973 | $1,343 | $3,162 | $924 | $1,578 |
| 1 adult 4 children | $973 | $1,097 | $2,428 | $924 | $1,525 |
| 2 adults 3 children | $973 | $1,097 | $2,738 | $924 | $1,240 |
| 1 adult 3 children | $973 | $896 | $2,005 | $924 | $1,193 |
| 2 adults 2 children | $738 | $898 | $2,314 | $806 | $1,023 |
| 1 adult 2 children | $738 | $671 | $1,581 | $806 | $863 |
| 2 adults 1 child | $738 | $710 | $1,890 | $422 | $921 |
| 1 adult 1 child | $738 | $459 | $1,157 | $422 | $686 |
| 2 adults | $653 | $570 | $1,467 | $0 | $782 |
| 1 adult | $614 | $311 | $733 | $0 | $576 |
Safety trends & Data
Property crimes in McDowell County, West Virginia, have shown a mixed pattern over the past five years. Burglaries peaked in 2019 with nine incidents but dropped significantly by 2022. Larceny-theft cases have remained steady with slight fluctuations, while vandalism has seen an uptick. Incidence of stolen property has grown, possibly indicating deeper issues. These trends are crucial for real estate professionals and potential investors, as they could affect property values and community... Read more
Property Crime Trends in McDowell County, WV Over the Last 5 Years
Property crimes in McDowell County, West Virginia have shown a mixed but notable pattern over the past five years. The number of burglaries peaked in 2019 with nine incidents but dropped significantly by 2022. Larceny-theft cases have remained relatively steady, with slight fluctuations, and vandalism has seen an uptick in recent years. Interestingly, incidents of around stolen property have grown, hinting at potential underlying issues. These trends are critical for real estate agents, appraisers, and potential investors to consider, given their implications on property values and community safety.
Demographics
In McDowell County, West Virginia, the adult population is nearly balanced between males and females, with a slight edge to females. When it comes to education, a significant portion has only completed high school, with smaller numbers moving on to higher education. The age distribution leans towards an older demographic, particularly in the 55 to 74 years bracket, which may suggest an aging population. Racially, the county is predominantly White, with African Americans constituting the largest... Read more
Race Distribution in McDowell County, West Virginia (2022)
Educational Attainment in McDowell County, West Virginia (2022)
Age Distribution in McDowell County, West Virginia
Citizen Population in McDowell County, West Virginia (2022)
Political Trends & Data
McDowell County, West Virginia, exhibited a strong partisan alignment in the 2020 U.S. Presidential Election, with approximately 79% of voters favoring the Republican candidate. The Democratic candidate lagged, capturing just over 20% of the vote. Minor parties, such as the Libertarian and Green parties, had a negligible impact, each securing less than 1%. This lean towards the GOP in McDowell County might play a significant role in shaping local and state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
McDowell County, West Virginia, saw a significant Republican preference in the 2020 U.S. Presidential Election, with nearly 79% of the votes likely cast for the GOP. The Democratic Party lagged far behind, potentially garnering just over 20% of the vote. Minor parties, including the Libertarian and Green parties, appeared to have minimal influence, securing less than 1% each. This trend could suggest a strong partisan alignment within the county, potentially influencing local and state political dynamics.
78.87% of voters voted for the Republican party in the 2020 Presidential Election
20.42% of voters voted for the Democrat party in the 2020 Presidential Election
0.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Mcdowell County, West Virginia, has ranged from 11 to 13 students per teacher over the last decade, often staying below the national average of 14 students per teacher. This trend might appeal to investors, real estate agents, and potential residents looking for smaller classes and more personalized attention in schools. It could also signal a stable or improving educational infrastructure, possibly influencing property valuations and insurance... Read more
Student-to-teacher ratio in Mcdowell County, West Virginia over the last 10 years
The student-to-teacher ratio in Mcdowell County, West Virginia has shown a dynamic range over the last decade, peaking at around 13 students per teacher in recent years and dropping as low as 11 students per teacher in earlier years. Compared to the national average of approximately 14 students per teacher, Mcdowell County's ratios often fall below, potentially indicating smaller classes and more personalized attention in schools. For investors, real estate agents, and potential residents, this trend might suggest a potentially appealing feature of the county's education system. Appraisers and insurance agents might also see these figures as a sign of stable or improving educational infrastructure, which could impact property valuations and insurance considerations.
