Monroe County Real Estate and Livability Trends
Monroe County, West Virginia, has experienced a rise in median home values from $101,600 in 2015 to $138,400 in 2022, making it relatively affordable compared to the national average of $179,400 in 2022. The average residential energy tax credit per return jumped from $262.50 in 2013 to $1,550.00 in 2021, pointing to a strong push for energy-efficient upgrades. Real estate taxes rose to $1,950.00... Read more
Monroe County Market Trends
Monroe County, West Virginia, has witnessed a rise in median home values from $101,600 in 2015 to $138,400 in 2022, nearly bridging the gap with the state average. This upward trend, when compared to the national average of $179,400 in 2022, suggests Monroe County remains relatively affordable. The average residential energy tax credit per return in Monroe County increased from $262.50 in 2013 to... Read more
Median Value of Occupied Housing Units in Monroe County, West Virginia Over the Last 8 Years
Monroe County, West Virginia has seen its median home values rise from $101,600 in 2015 to $138,400 in 2022, reflecting a steady upward trend. When compared to the state of West Virginia, Monroe County's values are initially lower but close the gap by 2022. Nationally, housing values in the U.S. progressed from $125,500 in 2015 to $179,400 in 2022, suggesting Monroe County may still present relatively affordable opportunities for buyers, especially those looking to invest in a market with consistent growth.
Residential Energy Tax Credit Per Tax Return in Monroe County, WV Over the Last 8 Years
Investing in Monroe County, West Virginia could be more appealing due to a notable trend in rising residential energy tax credits over the past eight years. Between 2013 and 2021, the average tax credit per return increased from $262.50 to a significant $1,550.00. This suggests enhanced incentives for implementing energy-efficient improvements, potentially reducing long-term property costs and increasing property value. This upward trend could be of particular interest to real estate agents, investors, and those considering building property in the area, indicating an active pursuit of green initiatives and financial benefits for energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Monroe County, WV Over the Last 10 Years
Over the past decade, Monroe County, West Virginia has seen a general upward trend in average real estate taxes per tax return, rising from approximately $871.19 in 2012 to around $1,950.00 in 2021. This increase, though not entirely steady, peaked sharply in years like 2019, likely reflecting rising property values or changes in tax rates. For potential real estate investors, appraisers, and insurance agents, these figures may indicate growing property desirability and potential yield in the region, while also highlighting the importance of accounting for increasing tax expenses in financial planning.
Percentage of Farm Returns in Monroe County, WV Over the Last 10 Years
Over the last decade, Monroe County, West Virginia, has seen farm returns consistently hover around 9.1% to 10.4% of total income tax returns. These figures might suggest a relatively stable agricultural sector. For prospective investors, this constancy can imply a continued reliance on agriculture, offering a measure of economic stability. For those looking to move or build property, the steady agricultural presence might translate into a more tranquil, rural lifestyle with the potential for community-oriented living. The figures provide a snapshot of local economic activities, potentially guiding decisions on investments and relocations in Monroe County.
Number of Mortgages by Occupancy Type in Monroe County, WV Over the Last 5 Years in Monroe County
In Monroe County, West Virginia, mortgage trends over the last five years reveal that principal residences make up the majority of mortgage counts, with fluctuations observed moderately in the numbers. Investment property mortgages have remained relatively steady but low, while second residence mortgages show a small but notable variety. These changes in occupancy types could influence the real estate market dynamics by affecting property values and demand. For investors, the consistent low volume of investment property mortgages may point to a market with potential growth opportunities. Homebuyers and real estate agents might find the steady demand for principal residences an indicator of a stable housing market, while appraisers and insurance agents could see varying levels of risk and value assessment based on the occupancy trends.
Economic Outlook
Monroe County, West Virginia, has seen a notable rise in average taxable income per tax return, growing from $39,532.97 in 2013 to $51,329.93 in 2021, indicating a potentially strengthening local economy. However, the substantial increase in state and local income taxes, jumping from $4,784.13 in 2012 to $10,550.00 in 2021, highlights significant economic shifts or policy changes that could impact property investment calculations. Additionally, the upward trend in total tax liability per tax... Read more
Average Taxable Income per Tax Return in Monroe County, WV over the last 9 years
Monroe County, West Virginia, has shown a generally upward trend in average taxable income per tax return over the past nine years, with a notable jump from $39,532.97 in 2013 to $51,329.93 in 2021. The consistent increase might indicate a growing local economy or higher wages, making it potentially appealing for investors, property developers, and individuals considering relocating. However, the fluctuations in recent years hint at possible economic volatility that stakeholders should keep in mind.
Average State and Local Income Taxes Per Tax Return in Monroe County, WV Over the Last 10 Years
Over the past decade, Monroe County, West Virginia has experienced a notable upward trend in state and local income taxes per tax return. Starting at approximately $4,784.13 in 2012, there's been a substantial rise to $10,550.00 by 2021. This increase can be indicative of broader economic shifts or changes in tax policies. For investors, builders, and real estate agents, understanding these tax trends is potentially critical for forecasting property values and assessing the overall economic health of the county.
Average Total Tax Liability Per Tax Return in Monroe County, WV Over the Last 10 Years
Monroe County, West Virginia has seen a noticeable upward trend in average total tax liability per tax return over the past decade. Starting at just over $4,662.92 in 2012, the tax liability has generally increased, peaking significantly at $6,590.37 in 2021. Despite some fluctuations, such as a decrease to $4,802.78 in 2018, the overall trend suggests rising financial obligations for residents. This could be a crucial factor for potential investors and homebuyers to consider, as higher tax liabilities might impact the overall cost of living and investment returns in the area.
Cost of Living in Monroe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $898 | $1,331 | $3,100 | $1,009 | $1,564 |
| 1 adult 4 children | $898 | $1,087 | $2,380 | $1,009 | $1,518 |
| 2 adults 3 children | $898 | $1,087 | $2,684 | $1,009 | $1,233 |
| 1 adult 3 children | $898 | $888 | $1,965 | $1,009 | $1,195 |
| 2 adults 2 children | $738 | $890 | $2,269 | $880 | $1,049 |
| 1 adult 2 children | $738 | $665 | $1,550 | $880 | $910 |
| 2 adults 1 child | $738 | $704 | $1,854 | $461 | $942 |
| 1 adult 1 child | $738 | $454 | $1,134 | $461 | $717 |
| 2 adults | $616 | $565 | $1,438 | $0 | $786 |
| 1 adult | $614 | $308 | $719 | $0 | $603 |
Safety trends & Data
Monroe County, West Virginia's property crime trends have fluctuated over the past five years. Vehicle theft spiked in 2019 with 5 incidents before stabilizing. Burglary peaked in 2021 with 6 cases, and larceny-theft surged to its highest point in 2022 with 7 incidents. Vandalism has seen a decline, while fraud saw a brief increase in 2020. These trends may suggest varying risk levels for property safety, making it essential for investors and insurance agents to stay... Read more
Property Crime Trends in Monroe County, WV Over the Last 5 Years
Monroe County, West Virginia has shown fluctuating trends in property crime over the past five years. Notably, there was a significant spike in vehicle thefts in 2019 with 5 incidents, up from 2 in 2018 and dropping back to 1 in 2020 and 2022. Burglary incidents reached a peak in 2021 with 6 reported cases before decreasing to 5 in 2022. Larceny-theft increased to 7 incidents in 2022, marking its highest point in the observed period. Vandalism saw a drop from 3 cases in 2018 to 2 cases in 2022, while fraud cases had a brief surge in 2020 with 4 incidents. For stakeholders such as investors and insurance agents, these insights might signal varying risk levels and inform decisions regarding property safety and economic opportunities in the county.
Demographics
The adult population in Monroe County, West Virginia shows a slight gender balance with males just edging out females. Educational attainment reveals a community where a significant portion has either high school diplomas or some college education, yet there remains a notable fraction without any high school completion. The age distribution indicates a substantial proportion of residents aged 55 and older, suggesting an older demographic. Meanwhile, the racial makeup is overwhelmingly White,... Read more
Race Distribution in Monroe County, West Virginia (2022)
Educational Attainment in Monroe County, West Virginia (2022)
Age Distribution in Monroe County, West Virginia
Citizen Population in Monroe County, West Virginia (2022)
Political Trends & Data
Monroe County, West Virginia, displayed a strong Republican preference in the 2020 U.S. Presidential Election, with the GOP potentially securing nearly 78% of the votes. Democrats fell far behind, capturing around 21%. Third parties like the Libertarians and Greens had minimal impact, securing about 1% and less than 1%, respectively. This overwhelming leaning toward conservative candidates could signal a stable Republican base with limited third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Monroe County, West Virginia, leaned significantly Republican in the 2020 U.S. Presidential Election, with nearly 78% potentially favoring the GOP. Democrats received about 21% of the votes, indicating a clear preference for conservative policies in the area. Smaller parties like the Libertarian and Green parties may have had minimal impact, garnering around 1% and less than 1% respectively. This voting pattern could suggest a solidified conservative base with relatively little influence from third parties.
78.09% of voters voted for the Republican party in the 2020 Presidential Election
20.72% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
School Data
Monroe County, West Virginia, has seen its student-to-teacher ratio peak at around 16 students per teacher in 2021, fluctuating in recent years. With the national average standing at 14, this higher ratio may suggest changing demands on educational resources. Real estate agents and appraisers could find these trends significant for property valuations and marketability, highlighting the local education system's capacity and attractiveness. Builders might also consider these ratios when planning... Read more
Student-to-teacher ratio in Monroe County, West Virginia over the last 10 years
Monroe County, West Virginia, has seen fluctuations in its student-to-teacher ratio over the past decade, peaking at roughly 16 students per teacher in 2021 and notably fluctuating in recent years. With a national average of 14 students per teacher, potential investors, residents, and stakeholders may find Monroe County's higher ratios indicative of changing demands on educational resources. For real estate agents and appraisers, these trends might influence property valuations and marketability, reflecting the local education system's capacity and attractiveness. Insurance agents might see this as a factor in assessing community risks and benefits, while builders could consider these ratios in planning family-oriented developments. Understanding these dynamics provides crucial insights for informed decision-making in Monroe County.
