Mingo County Real Estate and Livability Trends
Mingo County, West Virginia has experienced notable fluctuations in average taxable income and real estate trends over the past decade. After hitting a low in 2016, average taxable incomes rebounded to around $44,590.74 by 2021, showing signs of economic resilience. Median home values grew steadily from $73,200 in 2015 to $89,700 in 2022, appealing to cost-sensitive buyers. Real estate tax... Read more
Mingo County Market Trends
Mingo County, West Virginia has witnessed a steady growth in median home values, rising from $73,200 in 2015 to $89,700 in 2022—still below state and national averages but potentially appealing for cost-sensitive buyers. Residential energy tax credits have shown significant volatility, with a peak of $463.64 in 2015 and a dip to $300.00 in 2017, reflecting shifts in energy efficiency... Read more
Median Value of Occupied Housing Units in Mingo County, West Virginia Over the Last 8 Years
Over the last eight years, the median home value in Mingo County, West Virginia has shown a moderate upward trend, achieving an increase from $73,200 in 2015 to $89,700 in 2022. Although these values lag behind the state average, which rose from $103,800 to $145,800 in the same period, Mingo County's more accessible property prices might appeal to those looking to invest or relocate without the burden of higher costs. In contrast, the national median value surged from $125,500 to $179,400, highlighting Mingo County as a potentially attractive option for buyers who find national average housing prices prohibitive.
Residential Energy Tax Credit Per Tax Return in Mingo County, WV Over the Last 8 Years
Residential energy tax credits in Mingo County, West Virginia have fluctuated over the past eight years, with averages per tax return ranging from $300.00 to $463.64. Notably, there was a peak in 2015 at $463.64, followed by a significant dip in 2017 to $300.00, suggesting variability in energy credit uptake or related regulations. This volatility is worth considering for investors, real estate agents, and those looking to build property, as it may reflect changing incentives or energy efficiency trends in the county.
Average Real Estate Taxes Per Tax Return in Mingo County, WV Over the Last 10 Years
Over the last decade, Mingo County, West Virginia, has experienced notable fluctuations in average real estate taxes per tax return. From a relatively stable range between $1,114.06 and $1,306.52 from 2012 to 2017, there was a sharp increase in 2018 reaching $1,922.22 and peaking at $2,200.00 in 2019. Subsequently, a drop was observed, with averages falling to $1,375.00 in 2020 and $1,160.00 in 2021. These variations could signal changing property valuations, alterations in tax policies, or shifts in the real estate market, offering both opportunities and risks for potential investors and stakeholders in the region.
Number of Mortgages by Occupancy Type in Mingo County, WV Over the Last 5 Years in Mingo County
Mingo County, West Virginia has seen a notable increase in the number of principal residence mortgages over the past five years, peaking at 386 in 2021, compared to 304 in 2019 and dropping slightly to 360 in 2022. Investment property mortgages have been relatively low but show a slight upward trend with 12 in 2022, up from 7 in 2019. Second residence mortgages remain minimal. Changes in occupancy types suggest evolving community dynamics and potential shifts in housing demand. Understanding these trends could help investors identify emerging opportunities, while appraisers and insurance agents could better assess risk factors linked to occupancy variations. For prospective buyers and real estate professionals, grasping these fluctuations is essential for making informed decisions about purchasing or developing property in the area.
Economic Outlook
Mingo County, West Virginia has experienced notable fluctuations in average taxable income, tax liabilities, and state and local income taxes over the past decade. After a low in 2016, average taxable incomes rebounded to around $44,590.74 by 2021, reflecting potential economic resilience. However, average total tax liabilities dropped from a peak of $7,217.78 in 2012 to $5,017.79 in 2020, indicating variable fiscal conditions. Peaks in state and local income taxes in 2012 and 2018 also point... Read more
Average Taxable Income per Tax Return in Mingo County, WV over the last 9 years
Over the last nine years, the average taxable income per tax return in Mingo County, West Virginia has exhibited some fluctuations, often aligning with broader economic trends. Despite hitting a low in 2016 at around $39,338.58, taxable income has generally rebounded, peaking in 2021 at approximately $44,590.74. This variability suggests a potential for economic resilience, which is relevant for those considering investments, property development, or other financial ventures in this area. Understanding these trends can provide insights into the fiscal health and economic opportunities within Mingo County.
Average State and Local Income Taxes Per Tax Return in Mingo County, WV Over the Last 10 Years
Over the past decade, Mingo County, West Virginia has shown significant variability in average state and local income taxes per tax return, which could influence financial planning for potential investors and residents. The peaks in 2012 ($8,337.04) and a notable increase in 2018 ($7,583.33) suggest occasional economic changes or tax policy shifts. The downward trend to $5,781.97 in 2017 and subsequent fluctuations may indicate inconsistent local economic conditions. This financial trend could be crucial for appraisers, insurance agents, and real estate professionals when evaluating property values and investment potential in the county.
Average Total Tax Liability Per Tax Return in Mingo County, WV Over the Last 10 Years
Over the past decade, Mingo County, West Virginia has seen a fluctuating trend in average total tax liability per tax return. Starting from a peak of $7217.78 in 2012, there has been a general downward trend with a notable dip to $5017.79 in 2020. However, there's a slight uptick in 2021 to around $5541.98. This variable tax liability could be indicative of broader economic shifts and may offer insightful data for potential investors, real estate agents, and insurance actuaries considering the region.
Cost of Living in Mingo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $980 | $1,331 | $3,162 | $1,006 | $1,593 |
| 1 adult 4 children | $980 | $1,087 | $2,428 | $1,006 | $1,544 |
| 2 adults 3 children | $980 | $1,087 | $2,738 | $1,006 | $1,258 |
| 1 adult 3 children | $980 | $888 | $2,005 | $1,006 | $1,215 |
| 2 adults 2 children | $738 | $890 | $2,314 | $877 | $1,033 |
| 1 adult 2 children | $738 | $665 | $1,581 | $877 | $880 |
| 2 adults 1 child | $738 | $704 | $1,890 | $459 | $924 |
| 1 adult 1 child | $738 | $454 | $1,157 | $459 | $693 |
| 2 adults | $561 | $565 | $1,467 | $0 | $746 |
| 1 adult | $557 | $308 | $733 | $0 | $559 |
Safety trends & Data
Mingo County, West Virginia has seen some fluctuation in property crime over the past five years. Burglary incidents peaked in 2021 with 18 reported cases, while larceny-theft has generally declined, reaching eight occurrences in 2022. Vandalism has stayed stable at about 9 incidents annually, and motor vehicle thefts have varied between 4 and 6 cases per year. Understanding these crime patterns is essential for stakeholders as it can influence property valuations and insurance premiums,... Read more
Property Crime Trends in Mingo County, WV Over the Last 5 Years
Mingo County, West Virginia has experienced varying property crime trends over the past five years. While burglary incidents peaked in 2021 with 18 reported cases, larceny-theft figures show a general decline, reaching only eight occurrences in 2022. Vandalism has remained relatively stable, averaging around 9 incidents annually. Motor vehicle thefts showed no marked trend, fluctuating between 4 and 6 cases per year. Investment in property security could be seen as increasingly pertinent, considering these crime patterns. This data may also impact property valuations and insurance premiums, making it critical for stakeholders to stay informed.
Demographics
Mingo County, West Virginia, shows a nearly even split between male and female adults, slightly more females at 9,440 versus 8,782 males. The educational landscape is dominated by high school graduates, comprising a substantial portion, while degrees beyond high school remain relatively few, indicating potential areas for educational development. Age-wise, the population skews older, with significant numbers aged 55 and above, suggesting a higher demand for services catering to an aging... Read more
Race Distribution in Mingo County, West Virginia (2022)
Educational Attainment in Mingo County, West Virginia (2022)
Age Distribution in Mingo County, West Virginia
Citizen Population in Mingo County, West Virginia (2022)
Political Trends & Data
Mingo County, in West Virginia, leaned heavily Republican in the 2020 U.S. Presidential Election, with an estimated 85% of votes. The Democratic party captured roughly 14%, while Libertarian and Green parties combined for just 1%. This conservative tilt could reflect underlying cultural or economic factors in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mingo County, nestled in West Virginia, displayed a strong inclination towards the Republican party in the 2020 U.S. Presidential Election, with an estimated 85% of the vote. In contrast, support for the Democratic party was significantly lower, around 14%, while Libertarian and Green parties collectively garnered just about 1% of the vote. This trend potentially underscores a solid conservative leaning in the region, possibly reflecting broader cultural or economic influences at play.
85.25% of voters voted for the Republican party in the 2020 Presidential Election
13.94% of voters voted for the Democrat party in the 2020 Presidential Election
0.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
School Data
Mingo County, West Virginia has seen its student-to-teacher ratio hover between roughly 13 and 14.5 over the past decade, peaking notably in 2018 and 2020. Such fluctuations might affect the quality of education and individual student attention, factors that can influence property values and local desirability. Investors, families, real estate agents, and others should consider these dynamics when evaluating the region's real estate market. Lower ratios often suggest a more personalized... Read more
Student-to-teacher ratio in Mingo County, West Virginia over the last 10 years
Over the past decade, Mingo County, West Virginia has seen its student-to-teacher ratio fluctuate between approximately 13 students per teacher and just over 14 students per teacher. The ratio peaked in 2018 and 2020 at about 14.5, aligning closely with the current national average of 14 students per teacher. Changes in this ratio can impact the quality of education, classroom dynamics, and individual student attention, making it an important consideration for investors, families moving to the area, real estate agents, appraisers, insurers, and builders. Lower ratios tend to suggest a more personalized education experience, potentially enhancing property values and local appeal.
