Monongalia County Real Estate and Livability Trends
Monongalia County, West Virginia, has seen median home values shoot up from $167,600 in 2015 to $242,100 in 2022, outpacing both state and national trends. This rapidly increasing property value might make the area highly appealing for investors and homebuyers looking for strong appreciation. The average residential energy tax credit fluctuated significantly, peaking at $1,100.00 in 2018,... Read more
Monongalia County Market Trends
Monongalia County, West Virginia's median home value has climbed from $167,600 in 2015 to $242,100 in 2022, far outpacing both state and national growth rates. This upward trend could make the county appealing for investors and buyers seeking strong property value appreciation. The average residential energy tax credit per tax return has seen significant fluctuations, peaking at $1,100.00 in 2018... Read more
Median Value of Occupied Housing Units in Monongalia County, West Virginia Over the Last 8 Years
Monongalia County, West Virginia's median home value has consistently increased over the past eight years, rising from $167,600 in 2015 to $242,100 in 2022. This sharp rise substantially outpaces both state and national growth rates, with West Virginia's median home value increasing from $103,800 to $145,800 and the national median rising from $125,500 to $179,400 over the same period. This trend suggests Monongalia County could be an attractive option for investors and buyers looking at robust property value appreciation, setting it apart as a potentially lucrative market within both the state and the country.
Residential Energy Tax Credit Per Tax Return in Monongalia County, WV Over the Last 9 Years
Monongalia County, West Virginia has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. A notable peak occurred in 2018 with an average of $1,100.00, demonstrating a strong incentive for energy-efficient home improvements that year. The general upward trend towards 2021, reaching $853.13, indicates increasing awareness and adoption of energy-saving measures. For potential investors, builders, real estate agents, and current residents, this trend suggests a growing focus on sustainable living which could influence property valuations and market dynamics in the region.
Average Real Estate Taxes Per Tax Return in Monongalia County, WV Over the Last 10 Years
Over the past decade, Monongalia County, West Virginia has seen a noticeable upward trend in average real estate taxes per tax return, which may be indicative of rising property values or changing tax policies. In 2012, residents were paying an average of roughly $1,623.26, but by 2021, this figure had nearly doubled to around $3,322.27. The most significant jump occurred between 2017 and 2018, suggesting a marked shift during that period. This could be pivotal for potential investors, property developers, or those considering moving to the area, as it may reflect broader economic changes and impact long-term affordability and returns.
Percentage of Farm Returns in Monongalia County, WV Over the Last 10 Years
Farm tax returns in Monongalia County, West Virginia, have shown only slight variations over the past decade, hovering between 0.81% and 0.90%. In 2014, there was a minor peak at 0.90%, while the lowest rate appeared in 2019 at around 0.81%. This relative stability might indicate consistent agricultural activity without major spikes or declines. For those eyeing Monongalia County for investment, residential development, or relocation, this could suggest a stable agricultural sector, potentially offering reliable opportunities in farm-related ventures or community integration with a historically farming-friendly environment.
Number of Mortgages by Occupancy Type in Monongalia County, WV Over the Last 5 Years in Monongalia County
Monongalia County, West Virginia shows a significant preference for principal residence mortgages, peaking in 2021 before declining in 2022. Investment property loans also saw fluctuations, with a dip in 2022. Second residences remain a small but consistent portion. Shifts in occupancy type can signal changing demand patterns, impacting property values and influencing development strategies. For investors and real estate agents, rising principal residences may suggest a family-friendly allure, while steady investment figures might hint at stable rental prospects. Builders and appraisors should note variations as they affect market dynamics and project feasibility. Insurance agents might find trends useful in assessing regional risk profiles.
Economic Outlook
Monongalia County, West Virginia, has experienced notable economic shifts over the past decade, with average taxable incomes rising from $61,953.35 in 2013 to $83,442.17 in 2021, despite some fluctuations. State and local income taxes have also climbed, peaking at $18,433.75 in 2021, signaling possible changes in tax policies or economic conditions. The average total tax liability per return rose to $15,135.62 in 2021, reflecting broader economic impacts. Meanwhile, the poverty rate showed... Read more
Average Taxable Income per Tax Return in Monongalia County, WV over the last 9 years
Monongalia County's average taxable income per tax return has seen fluctuations over the last nine years, but the overall trend appears upward. This income rose from $61,953.35 in 2013, peaking at $83,442.17 in 2021. Notable increases occurred between 2017 and 2018, and 2020 to 2021. This could suggest economic growth or changes in the job market, possibly driven by new industries or demographic shifts. For those looking to invest, move, or build property here, this can imply a robust and potentially growing economic base, impacting property values and the local economy.
Average State and Local Income Taxes Per Tax Return in Monongalia County, WV Over the Last 10 Years
Average state and local income taxes per tax return in Monongalia County, West Virginia have shown a noticeable climb over the past decade. Starting at $9,202.64 in 2012, amounts have risen to a peak of $18,433.75 in 2021. A significant hike is seen between 2017 and 2019, with a jump from $10,217.75 to $16,768.68, suggesting potential changes in tax policy or economic factors. This trend might be noteworthy for potential investors and real estate agents, as it implies shifts in the county's economic landscape. Higher taxes could also affect property values, insurance premiums, and overall cost of living.
Average Total Tax Liability Per Tax Return in Monongalia County, WV Over the Last 10 Years
Over the past decade, Monongalia County, West Virginia has displayed a fluctuating yet generally upward trend in average total tax liability per tax return, notably peaking at $15,135.62 in 2021. This variability, including a spike in 2015 at $13,747.84 and a dip in 2016 to $12,145.82, suggests potential economic shifts affecting taxpayers. Observing these changes can be crucial for investment decisions, property development, and real estate activities in the area as tax liabilities can influence disposable incomes and economic stability.
Cost of Living in Monongalia County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,326 | $1,488 | $3,124 | $1,782 | $2,083 |
| 1 adult 4 children | $1,326 | $1,215 | $2,398 | $1,782 | $2,082 |
| 2 adults 3 children | $1,326 | $1,216 | $2,706 | $1,782 | $1,767 |
| 1 adult 3 children | $1,326 | $992 | $1,980 | $1,782 | $1,758 |
| 2 adults 2 children | $1,012 | $995 | $2,288 | $1,549 | $1,384 |
| 1 adult 2 children | $1,012 | $743 | $1,562 | $1,549 | $1,311 |
| 2 adults 1 child | $1,012 | $786 | $1,870 | $790 | $1,127 |
| 1 adult 1 child | $1,012 | $508 | $1,144 | $790 | $905 |
| 2 adults | $808 | $632 | $1,452 | $0 | $849 |
| 1 adult | $803 | $345 | $726 | $0 | $644 |
Safety trends & Data
In Monongalia County, West Virginia, property crime rates have shown some interesting fluctuations over the last five years. Larceny-theft surged to 395 incidents in 2021 but fell to 210 by 2022. Burglary incidents spiked to 43 in 2020, then dropped to 20 by 2022. Stable trends in fraud and motor vehicle theft, along with minimal but present cases of embezzlement and arson, highlight key dynamics for investors, homebuyers, and real estate agents to consider. These crime patterns can offer... Read more
Property Crime Trends in Monongalia County, WV Over the Last 5 Years
Monongalia County, West Virginia has experienced fluctuating property crime rates over the last five years, with some notable trends. Larceny-theft consistently tops the charts, hitting a peak of 395 incidents in 2021 before dropping to 210 in 2022. Burglary and vandalism show a varied pattern, with spikes such as 43 burglaries in 2020 but reducing to 20 by 2022. Cases of fraud and motor vehicle theft remain relatively stable, while embezzlement and arson are minimal but present. These dynamics are crucial for potential investors, homebuyers, real estate agents, and residents to consider as they reflect both the economic and social factors influencing the area's safety and property values.
Demographics
Monongalia County, West Virginia's adult population is relatively balanced between males and females. The county appears to host a highly educated populace, with a significant proportion holding bachelor's and advanced degrees, which could attract businesses seeking a skilled workforce. The age distribution hints at a youthful, yet diverse, community with a substantial segment in the late teens to early adulthood range, likely influenced by the local university. The racial composition is... Read more
Race Distribution in Monongalia County, West Virginia (2022)
Educational Attainment in Monongalia County, West Virginia (2022)
Age Distribution in Monongalia County, West Virginia
Citizen Population in Monongalia County, West Virginia (2022)
Political Trends & Data
Monongalia County, West Virginia experienced a tight political race in the 2020 U.S. Presidential Election, indicating a potentially competitive local environment. Republicans potentially secured around 49.4% of the vote, while Democrats may have garnered close to 48.2%, with third parties collectively capturing roughly 2.35%. This close split could suggest a dynamic and possibly shifting political landscape which might impact real estate trends and neighborhood dynamics in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Monongalia County in West Virginia exhibited a close split between Republican and Democratic votes, with Republicans possibly securing around 49.4% and Democrats around 48.2%. The Libertarian party might have garnered approximately 1.9% of the vote, while the Green party likely captured about 0.45%. This tight race suggests a politically competitive environment.
49.45% of voters voted for the Republican party in the 2020 Presidential Election
48.21% of voters voted for the Democrat party in the 2020 Presidential Election
1.89% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Green party in the 2020 Presidential Election
School Data
Monongalia County, West Virginia has experienced student-to-teacher ratios fluctuating between 13 and 16 over the past decade, close to the national average of 14. These figures might indicate classroom size and potential teaching effectiveness, which can influence property values. Smaller ratios often attract families focused on education, potentially affecting demand in the real estate market. Understanding these dynamics can be crucial for investors, real estate agents, and... Read more
Student-to-teacher ratio in Monongalia County, West Virginia over the last 10 years
Monongalia County, West Virginia has seen some fluctuations in its student-to-teacher ratio over the past decade, oscillating between a low of around 13 in 2020 and a high of 16 in 2018. Generally hovering close to the national average of 14 students per teacher, these ratios provide insights into classroom size and potential teaching effectiveness. Shifts in these figures could affect property valuations, as smaller ratios often appeal to families prioritizing education. For investors, real estate agents, and appraisers, understanding these dynamics is crucial as they might suggest community priorities and influence demand within the housing market.
