Mercer County Real Estate and Livability Trends
Mercer County, West Virginia is showing potential for investors and prospective residents with a rise in average taxable income, jumping from $42,158.73 in 2013 to $50,730.94 in 2021. The median home value reached $115,100 in 2022, below the state median but positioned for growth. Average real estate taxes surged from $1,318.25 in 2012 to $2,448.57 in 2021, possibly reflecting economic... Read more
Mercer County Market Trends
Median home values in Mercer County, West Virginia, hit $115,100 in 2022, still below the state median of $145,800 but positioned for potential growth, making it possibly attractive for investment. Fluctuations in residential energy tax credits, peaking at $1,300.00 in 2018, indicate shifts in energy efficiency investments, spotlighting opportunities for savings and environmental benefits.... Read more
Median Value of Occupied Housing Units in Mercer County, West Virginia Over the Last 8 Years
Median home values in Mercer County, West Virginia, have been rising steadily over the past eight years, hitting $115,100 in 2022. Compared to the national median value of $179,400, properties in Mercer County remain considerably more affordable. When stacked against West Virginia’s state median of $145,800, Mercer County still trails behind but shows promising appreciation. This trend could suggest potential for future growth, making it a possibly attractive option for investment or relocation within the state.
Residential Energy Tax Credit Per Tax Return in Mercer County, WV Over the Last 9 Years
Over the last nine years in Mercer County, West Virginia, the average residential energy tax credit per tax return has displayed significant variability. Notably, a sharp increase is observed from $310.20 in 2013 to a peak of $1,300.00 in 2018, followed by another considerable boost in 2021 at $1,155.56. This fluctuation could signal shifts in energy efficiency initiatives and/or changing homeowner investments in energy-saving technologies, which might be of interest to real estate agents, investors, and property developers aiming to capitalize on potential savings and environmental benefits in the area.
Average Real Estate Taxes Per Tax Return in Mercer County, WV Over the Last 10 Years
Mercer County, West Virginia has seen a consistent rise in average real estate taxes per tax return over the past decade, with notable spikes in recent years. Starting from $1,318.25 in 2012 and reaching $2,448.57 in 2021, the trend suggests a significant increase in property values or local tax rates. This could indicate growing economic development and may affect investment decisions, home valuations, and insurance costs. More recent sharp increases post-2017 might hint at changes in municipal budgets or real estate market dynamics, making it an interesting area for both new residents and real estate professionals.
Percentage of Farm Returns in Mercer County, WV Over the Last 10 Years
Farm tax returns in Mercer County, West Virginia, have shown slight fluctuations over the last decade, ranging around 1.04% to 1.26%. This percentage measures the portion of total tax returns that are filed by farm owners, hinting at the economic weight of agriculture in the county. Understanding these numbers can provide insight into the stability and growth potential for agricultural investments. It reveals a relatively stable agricultural sector, which may be indicative of consistent land use and farming activity, potentially making it a viable area for further agribusiness investments or related real estate development.
Number of Mortgages by Occupancy Type in Mercer County, WV Over the Last 5 Years in Mercer County
Over the past five years, Mercer County, West Virginia, has seen a notable increase in the number of mortgages for principal residences, while both investment properties and second residences have remained relatively stable. Investors should pay attention to the higher demand for principal residences, as it suggests a growing population and potential stability in property values. For appraisers and insurance agents, the steady number of investment properties indicates ongoing interest from investors, which could impact property assessments and insurance policies. Real estate agents and builders might focus on the upward trend in principal residences to cater to the increasing demand for primary homes, potentially leading to enhanced community development and local economy boosts.
Economic Outlook
Mercer County, West Virginia has experienced an upward trend in average taxable income per tax return, jumping from $42,158.73 in 2013 to $50,730.94 in 2021, with significant spikes in 2018 and 2021—a potential draw for investors and prospective residents. Additionally, the county saw a marked increase in average state and local income taxes, rising from around $6,631.39 in 2012 to $16,261.36 by 2021, suggesting shifts in income levels or tax rates. The fluctuations in average total tax... Read more
Average Taxable Income per Tax Return in Mercer County, WV over the last 9 years
Mercer County, West Virginia has seen a general upward trend in average taxable income per tax return over the past nine years, starting at $42,158.73 in 2013 and reaching $50,730.94 in 2021. Notable spikes occurred in 2018 and 2021, indicating periodic boosts in local economic conditions. These fluctuations could suggest a growing economic potential, making the county potentially attractive for investors, real estate agents, and prospective residents looking for stable or improving income levels. This upward trend might influence property values, insurance premiums, and investment decisions in the area.
Average State and Local Income Taxes Per Tax Return in Mercer County, WV Over the Last 10 Years
Mercer County, West Virginia has experienced a significant uptick in average state and local income taxes per tax return over the past decade. Starting at around $6,631.39 in 2012, the figure climbed steadily to $16,261.36 by 2021. Particularly notable are the sharp increases from $7,140.38 in 2017 to $10,325.00 in 2018, and then more dramatically to $12,641.07 in 2019. This trend may indicate that income levels, tax rates or both have risen, which could impact decisions related to investment, property valuation, and personal finances in Mercer County.
Average Total Tax Liability Per Tax Return in Mercer County, WV Over the Last 10 Years
Over the past decade, Mercer County, West Virginia has seen fluctuations in average total tax liability per tax return, with amounts generally oscillating between approximately $6,055.14 and $6,934.86. Notable peaks occurred in 2017 and 2021, potentially indicative of broader economic conditions or policy changes during those years. This variability may interest potential investors and real estate agents by highlighting the importance of tax planning and forecasts in financial decision-making. For appraisers and insurance agents, understanding these tax trends can provide deeper insights into the local economy and housing market trends.
Cost of Living in Mercer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,026 | $1,303 | $3,100 | $1,133 | $1,568 |
| 1 adult 4 children | $1,026 | $1,064 | $2,380 | $1,133 | $1,526 |
| 2 adults 3 children | $1,026 | $1,064 | $2,684 | $1,133 | $1,247 |
| 1 adult 3 children | $1,026 | $869 | $1,965 | $1,133 | $1,211 |
| 2 adults 2 children | $738 | $871 | $2,269 | $988 | $1,011 |
| 1 adult 2 children | $738 | $651 | $1,550 | $988 | $862 |
| 2 adults 1 child | $738 | $689 | $1,854 | $518 | $897 |
| 1 adult 1 child | $738 | $445 | $1,134 | $518 | $678 |
| 2 adults | $606 | $553 | $1,438 | $0 | $731 |
| 1 adult | $493 | $302 | $719 | $0 | $525 |
Safety trends & Data
Property crime trends in Mercer County, West Virginia, reveal notable fluctuations over the past five years in larceny-theft, burglary, and vandalism. Larceny-theft, which peaked at 117.00 incidents in 2018, leveled out to 69.00 by 2022. Burglary saw a peak of 28.00 incidents in 2020, while vandalism spiked to 32.00 incidents that same year before declining. These trends could be vital for real estate agents, appraisers, and insurance agents, as they impact property values and community risk... Read more
Property Crime Trends in Mercer County, WV Over the Last 5 Years
Property crime trends in Mercer County, West Virginia highlight fluctuations over the past five years, especially in categories like larceny-theft and burglary. Larceny-theft consistently sees the highest incidents, with 117.00 in 2018 and leveling out to 69.00 by 2022. Burglary numbers also oscillate, peaking at 28.00 in 2020. Notably, vandalism increased to 32.00 incidents in 2020 before declining again. These trends may be crucial for real estate agents, appraisers, and insurance agents to consider when evaluating property value and risk, affecting both investment decisions and community safety dynamics.
Demographics
Mercer County, West Virginia, displays notable demographic diversity, with a slight majority of the adult population being female. Educationally, a significant portion has completed high school, while college completion rates are relatively modest. Age distribution suggests a balanced population across various age groups, with a notable presence of residents aged 55 to 74 years. The racial makeup is predominantly White, with smaller percentages of Black or African American, and minimal... Read more
Race Distribution in Mercer County, West Virginia (2022)
Educational Attainment in Mercer County, West Virginia (2022)
Age Distribution in Mercer County, West Virginia
Citizen Population in Mercer County, West Virginia (2022)
Political Trends & Data
Mercer County, West Virginia, exhibited a heavy Republican preference in the 2020 U.S. Presidential Election, with around 76.5% of votes. The Democratic party lagged significantly at 22.1%. Minimal support for Libertarians and Greens, with just 1.1% and 0.3% respectively, underscores a dominant conservative lean and a challenging environment for third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mercer County, West Virginia, showed a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, accounting for roughly 76.5% of the vote. The Democrat party garnered about 22.1%, indicating a significant partisan gap. The Libertarian and Green parties received minor support, at approximately 1.1% and 0.3%, respectively. These results may suggest a predominantly conservative voter base with limited traction for third-party candidates.
76.54% of voters voted for the Republican party in the 2020 Presidential Election
22.11% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
School Data
Mercer County, West Virginia has observed a steady rise in its student-to-teacher ratio over the past decade, climbing from 14 students per teacher in 2014 to 15.56 in 2023. This exceeds the national average of 14 students per teacher, hinting at larger class sizes and possibly strained educational resources. Insights into such trends can be crucial for investors, potential movers, appraisers, and real estate agents, as they may reflect shifts in community growth and resource allocation.... Read more
Student-to-teacher ratio in Mercer County, West Virginia over the last 10 years
Mercer County, West Virginia has seen its student-to-teacher ratio fluctuate over the last decade, experiencing a subtle yet observable upward trend. Starting from a balanced 14 students per teacher in 2014, the ratio surged to over 15 by 2018 and remained relatively high, peaking at 15.56 in 2023. This trend could imply increasing class sizes and potentially strained resources compared to the national average of 14 students per teacher. Such changes may be significant for investors, potential movers, appraisers, insurance agents, builders, and real estate agents by indicating possible shifts in educational resource allocation and community growth dynamics. Understanding these nuances might help in making informed decisions regarding property investment and development in the county.
