Mineral County Real Estate and Livability Trends
Mineral County, West Virginia has shown promising indicators for real estate appreciation, with median home values rising from $118,800 in 2015 to $162,400 in 2022, generally surpassing state averages. The increase in average taxable income per tax return from $44,127.72 in 2013 to $56,760.85 in 2021 also signals a potentially stronger local economy, potentially impacting property values and... Read more
Mineral County Market Trends
Mineral County, West Virginia, has seen median home values increase from $118,800 in 2015 to $162,400 in 2022, generally outperforming state averages. This suggests potential for appreciation for investors and homebuyers looking for relatively affordable opportunities. Residential energy tax credit variations, peaking at $513.33 in 2021, might indicate a growing trend in energy efficiency... Read more
Median Value of Occupied Housing Units in Mineral County, West Virginia Over the Last 8 Years
Mineral County has seen a steady increase in median home values over the past 8 years, rising from $118,800 in 2015 to $162,400 in 2022. This growth seems consistent with broader state trends, but it's important to note that Mineral County's median home values have generally been higher than the state average, which was $145,800 in 2022. However, the median home value in Mineral County still lags behind the national figure, which surged to $179,400 in 2022. This trend suggests Mineral County could be a relatively affordable yet appreciating market for potential investors, home buyers, and developers.
Residential Energy Tax Credit Per Tax Return in Mineral County, WV Over the Last 8 Years
In Mineral County, West Virginia, the average residential energy tax credit per tax return has shown noticeable fluctuations over the past eight years. While the average credit was $365.71 in 2013, it dipped to $241.38 by 2016 before seeing significant highs of $475.00 in 2019 and peaking at $513.33 in 2021. These variations could suggest shifting investment in energy-efficient home improvements, possibly influenced by changing policies or market conditions. For investors, real estate agents, and property developers, these figures might indicate growing interest in energy-efficient upgrades that could enhance property value and reduce future energy costs.
Average Real Estate Taxes Per Tax Return in Mineral County, WV Over the Last 10 Years
Over the past decade, real estate taxes in Mineral County, West Virginia, have seen a noticeable upward trend. Starting at $1381.94 in 2012, there was a gradual increase until a significant jump occurred in 2018, reaching $2202.50. This peak was followed by minor fluctuations, maintaining an average around $2200. This trend may signal rising property values or changes in tax regulations, aspects that those investing, building, or working in real estate should keep an eye on.
Percentage of Farm Returns in Mineral County, WV Over the Last 10 Years
Farm tax returns in Mineral County, West Virginia have hovered around 2.5% over the last decade, showing slight year-to-year fluctuations. In 2021, the percentage was approximately 2.53%, not much different from the 2.48% noted in 2012. These returns are a measure of the number of farm operations that are profitable enough to file taxes, reflecting economic stability in the county's agricultural sector. Given the stable percentages, potential investors and land developers might see Mineral County as a reliable location for agricultural ventures, which could also be appealing for those considering building property or moving to the area.
Number of Mortgages by Occupancy Type in Mineral County, WV Over the Last 5 Years in Mineral County
In Mineral County, West Virginia, principal residence mortgages far outnumber those for investment or second homes over the past five years. The substantial annual fluctuations in principal residence loans, peaking in 2021 at 1,230, could signify changing market dynamics or economic factors influencing primary home purchases. Investment property mortgages remain relatively steady, which might indicate a stable but small investor market. Small variations in second residence loans suggest minimal shifts in this niche sector. Understanding these occupancy trends can offer valuable insights for investors, real estate agents, and builders aiming to align with market demands. Changes in occupancy types can affect everything from property values and rental market potentials to the risk assessment parameters used by insurance agents and appraisers.
Economic Outlook
Average taxable income per tax return in Mineral County, West Virginia has risen from $44,127.72 in 2013 to $56,760.85 in 2021, hinting at a potentially stronger local economy, possibly impacting property values and insurance rates. State and local income taxes have fluctuated significantly, peaking at $11,073.68 in 2019, which could complicate financial planning for potential investors and residents. Average total tax liability also shows a noteworthy increase, from $5,628.93 in 2012 to... Read more
Average Taxable Income per Tax Return in Mineral County, WV over the last 9 years
Mineral County, West Virginia has seen a general upward trend in average taxable income per tax return over the past nine years, starting from $44,127.72 in 2013 and reaching $56,760.85 in 2021. This growth suggests a potentially improving local economy which could be of interest to investors, prospective residents, real estate agents, and property appraisers. Upward trends like these might also affect property values and insurance rates, indicating increasing financial stability and opportunities in the area.
Average State and Local Income Taxes Per Tax Return in Mineral County, WV Over the Last 10 Years
Over the past decade, Mineral County, West Virginia has seen significant fluctuations in average state and local income taxes per tax return. From a relatively modest $5,095.50 in 2012, taxes increased steadily to $6,246.15 in 2016, followed by a dramatic spike to $11,073.68 in 2019. These shifts suggest varying economic conditions and policy changes affecting income levels and tax rates. Such volatility is crucial for potential investors and residents to consider, as it can impact financial planning, property values, and overall economic stability in the region.
Average Total Tax Liability Per Tax Return in Mineral County, WV Over the Last 10 Years
Mineral County, West Virginia has seen a general upward trend in average total tax liability per tax return over the past decade, with notable jumps particularly in 2014 and 2019. The most recent figures from 2021 show an average liability of $7,737.27, a significant increase from $5,628.93 in 2012. This gradual increase might suggest a growing local economy or changing income brackets, potentially appealing to investors and real estate agents eyeing growth opportunities. For current residents and those considering a move, it’s useful to be aware of these shifts, as they may impact cost-of-living considerations and financial planning.
Cost of Living in Mineral County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,030 | $1,311 | $2,809 | $1,267 | $1,586 |
| 1 adult 4 children | $1,030 | $1,071 | $2,154 | $1,267 | $1,596 |
| 2 adults 3 children | $1,030 | $1,071 | $2,433 | $1,267 | $1,302 |
| 1 adult 3 children | $1,030 | $874 | $1,779 | $1,267 | $1,302 |
| 2 adults 2 children | $804 | $877 | $2,058 | $1,101 | $1,079 |
| 1 adult 2 children | $804 | $655 | $1,404 | $1,101 | $980 |
| 2 adults 1 child | $804 | $693 | $1,683 | $561 | $953 |
| 1 adult 1 child | $804 | $448 | $1,029 | $561 | $731 |
| 2 adults | $641 | $557 | $1,308 | $0 | $752 |
| 1 adult | $537 | $304 | $654 | $0 | $554 |
Safety trends & Data
Property crime trends in Mineral County, West Virginia, reveal some notable fluctuations over the past five years. Larceny-theft consistently tops the charts, peaking at 74.00 incidents in 2020, indicating it's a recurring concern. Burglary incidents have been relatively stable but dipped to just 4.00 in 2020, while motor vehicle theft stays consistently low. Embezzlement and fraud are rare, rarely surpassing 1.00 incident per year. These trends might prompt a focus on theft prevention,... Read more
Property Crime Trends in Mineral County, WV Over the Last 5 Years
Over the last five years, property crime trends in Mineral County, West Virginia, show some notable fluctuations. Larceny-theft consistently has the highest number of incidents, peaking at 74.00 in 2020, suggesting it's a recurring concern. Burglary numbers seem relatively stable but saw a low in 2020 with just 4.00 incidents, while motor vehicle theft numbers remain consistently low across the years. Interestingly, crimes like embezzlement and fraud have shown minimal presence, with embezzlement rarely surpassing 1.00 incident per year. For potential investors or residents, these trends might suggest a focus on theft prevention could be beneficial. Real estate agents and appraisers might find the varying crime rates influential for property evaluations and insurance purposes.
Demographics
Mineral County, West Virginia, shows intriguing demographic patterns. The adult population is nearly balanced between males and females, a slight dominance of female residents. Educational attainment reveals a substantial proportion with a high school diploma but a considerable segment reaching higher education levels, including 4,470 individuals with associate or bachelor’s degrees. Age distribution suggests a growing number of older adults, notably those between 55 to 75 years, hinting at... Read more
Race Distribution in Mineral County, West Virginia (2022)
Educational Attainment in Mineral County, West Virginia (2022)
Age Distribution in Mineral County, West Virginia
Citizen Population in Mineral County, West Virginia (2022)
Political Trends & Data
In Mineral County, West Virginia, the political landscape leans strongly Republican, with close to 78% of the 2020 U.S. Presidential Election votes favoring the GOP. Democrats captured about 21% of the vote, and minor parties like Libertarians and Greens secured minimal support, just over 1% and below 2%, respectively. This majority could reflect voter priorities that might shape local policies and, indirectly, influence the real estate market by steering community development and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mineral County, West Virginia, the 2020 U.S. Presidential Election results potentially indicate a strong Republican preference with nearly 78% of the vote, while Democrats garnered roughly 21%. Libertarians and Greens appeared to capture minimal support, each securing just over 1% and below 2%, respectively. These figures might suggest a significant political leaning in the region, highlighting the potential influence of party loyalty and voter priorities in shaping local electoral outcomes.
78.00% of voters voted for the Republican party in the 2020 Presidential Election
20.67% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
School Data
Mineral County, West Virginia has fluctuated below the U.S. national average student-to-teacher ratio of 14 students per teacher, peaking at 13.03 in 2018 but mostly staying in the 11 to 12 range. This lower ratio might indicate smaller class sizes, often linked to more individualized student attention. For real estate professionals, this educational environment could significantly impact housing demand, making the area potentially more attractive for... Read more
Student-to-teacher ratio in Mineral County, West Virginia over the last 10 years
Mineral County, West Virginia has seen fluctuations in its student-to-teacher ratio over the last decade, with numbers generally hovering slightly below the U.S. national average of 14 students per teacher. The ratio peaked at around 13.03 in 2018 but has mostly stayed in the range of 11 to 12. For potential investors, real estate agents, and those considering relocating to the county, a lower student-to-teacher ratio might suggest smaller class sizes, which can often translate to more individualized attention for students and potentially better educational outcomes. For insurance agents and property builders, the educational environment could be a pivotal factor influencing demand for housing and community services.
