Morgan County Real Estate and Livability Trends
Morgan County, West Virginia's real estate market is heating up with median home values skyrocketing from $165,000 in 2015 to $212,500 in 2022, outstripping both state and national trends. Average total tax liability per tax return rose from $5,504.20 in 2012 to $7,907.46 by 2021, hinting at a robust local economy. The volume of loans for principal residences has surged, hitting 1,204 in 2021,... Read more
Morgan County Market Trends
In Morgan County, West Virginia, median home values have ramped up from $165,000 in 2015 to $212,500 in 2022, outpacing state and national growth rates. Average residential energy tax credits have fluctuated, peaking at $1,290.00 in 2021, suggesting increased investments in energy-efficient improvements. Real estate taxes per return have climbed from approximately $1,732.37 in 2012 to $2,731.25... Read more
Median Value of Occupied Housing Units in Morgan County, West Virginia Over the Last 8 Years
In Morgan County, West Virginia, median home values have shown a steady increase over the past eight years, climbing from $165,000 in 2015 to $212,500 in 2022. This growth significantly outpaces both the state and national trends. For context, West Virginia's median home values rose from $103,800 in 2015 to $145,800 in 2022, while national figures grew from $125,500 to $179,400 over the same period. This discrepancy may suggest Morgan County offers a unique appeal or substantial market potential compared to broader benchmarks, potentially making it a compelling option for investors or new residents.
Residential Energy Tax Credit Per Tax Return in Morgan County, WV Over the Last 8 Years
Morgan County, West Virginia has seen significant fluctuations in average residential energy tax credits over the past eight years. Notably, there was a sharp rise in 2017 to $940.00, followed by varied levels, culminating in a peak of $1,290.00 in 2021. This volatility hints at residents' growing investment in energy-efficient home improvements or renewable energy installations, which could make the area attractive to eco-conscious homebuyers and investors considering sustainable properties. For appraisers and insurance agents, this trend suggests a potential increase in property values and changing risk profiles due to modernized energy systems. Real estate agents might also find this appealing when marketing properties as energy-efficient to prospective buyers.
Average Real Estate Taxes Per Tax Return in Morgan County, WV Over the Last 10 Years
Real estate taxes per tax return in Morgan County, West Virginia have shown a steady increase over the past decade, with values starting at approximately $1,732.37 in 2012 and climbing to around $2,731.25 by 2021. Notable spikes occurred post-2017, particularly in 2018 with a jump to $2,291.89, hinting at rising property valuations or tax rate adjustments. This could impact investment opportunities, property appraisals, and insurance rates as higher taxes often correlate with improved infrastructure or increased property values, enticing both newcomers and investors.
Percentage of Farm Returns in Morgan County, WV Over the Last 10 Years
Over the last decade, Morgan County, West Virginia, has seen its percentage of farm tax returns fluctuate within a narrow band, generally hovering around 1.5% to 1.7%. Farm tax returns indicate the portion of tax filings specifically from farming activities, which can provide insight into the county's agricultural sector. Such figures might suggest a modest but relatively stable farming community, which could be of interest to those considering investing in agricultural ventures, moving for rural lifestyle opportunities, building property, or simply understanding the local economy better.
Number of Mortgages by Occupancy Type in Morgan County, WV Over the Last 5 Years in Morgan County
Over the last five years in Morgan County, West Virginia, the number of mortgages for principal residences generally increased, peaking in 2021 with 1,204 loans. This trend suggests a growing population or a shift in housing preferences. Investment property and second residence mortgages also saw an uptick, although at a slower pace. For investors, changes in occupancy types might hint at a robust local rental market and tourism potential. For real estate agents, this data suggests a diverse buyer profile, aiding in targeted marketing strategies. Insurance agents need to consider these variations as they can influence risk assessments and premium settings. Aspiring homeowners and builders might find this information valuable for identifying emerging opportunities and understanding market dynamics in Morgan County.
Economic Outlook
Morgan County, West Virginia, has seen an upward swing in average taxable income per tax return, from around $42,539.92 in 2013 to roughly $58,923.66 by 2021. This steady rise hints at potential economic growth, presenting interesting prospects for real estate investment and development. The county has also observed increasing average state and local income taxes per tax return, jumping from about $4,455.88 in 2012 to over $8,318.18 in 2021, which might reflect rising incomes or tax... Read more
Average Taxable Income per Tax Return in Morgan County, WV over the last 9 years
Morgan County, West Virginia has seen a noticeable increase in average taxable income per tax return over the past nine years. From 2013 to 2021, income levels rose from approximately $42,539.92 to around $58,923.66. This steady upward trend suggests potential economic growth and increasing prosperity, making the county an appealing area for investment opportunities and real estate development. Whether you're a potential homebuyer, appraiser, or insurance agent, the growing incomes could signal a robust local economy and promising returns on investment.
Average State and Local Income Taxes Per Tax Return in Morgan County, WV Over the Last 10 Years
Morgan County, West Virginia has experienced a general upward trend in average state and local income taxes per tax return over the last decade. In 2012, the average was around $4,455.88, edging up each year to over $8,318.18 by 2021. Notably, there was a significant increase between 2017 and 2018, where averages jumped from approximately $5,254.90 to $7,062.16. Such trends might suggest rising incomes or tax rate changes, which could be relevant for potential investors assessing cost of living, real estate agents gauging client budgets, or appraisers and insurance agents understanding the local economic climate.
Average Total Tax Liability Per Tax Return in Morgan County, WV Over the Last 10 Years
Over the past decade, Morgan County, West Virginia has seen a noticeable increase in the average total tax liability per tax return. Starting from $5,504.20 in 2012, there have been steady increments most years, culminating in $7,907.46 by 2021. This trend might suggest rising incomes or improved tax enforcement, which could be compelling for potential investors or those considering moving into the area. Real estate agents and appraisers may find these figures indicative of a strengthening local economy. However, such trends could also mean higher costs for homeowners and could impact insurance premiums.
Cost of Living in Morgan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,239 | $1,432 | $2,809 | $1,447 | $1,872 |
| 1 adult 4 children | $1,239 | $1,169 | $2,154 | $1,447 | $1,886 |
| 2 adults 3 children | $1,239 | $1,170 | $2,433 | $1,447 | $1,561 |
| 1 adult 3 children | $1,239 | $955 | $1,779 | $1,447 | $1,585 |
| 2 adults 2 children | $872 | $957 | $2,058 | $1,258 | $1,199 |
| 1 adult 2 children | $872 | $715 | $1,404 | $1,258 | $1,109 |
| 2 adults 1 child | $872 | $757 | $1,683 | $641 | $1,021 |
| 1 adult 1 child | $872 | $489 | $1,029 | $641 | $808 |
| 2 adults | $772 | $608 | $1,308 | $0 | $831 |
| 1 adult | $583 | $332 | $654 | $0 | $591 |
Safety trends & Data
Morgan County, West Virginia has displayed notable fluctuations in property crimes over the past five years. Larceny - Theft spiked sharply in 2019 with 16.00 arrests but saw a decline afterward. Motor Vehicle Theft held steady with arrests ranging from 1.00 to 3.00 annually, while Forgery and Counterfeiting peaked at 3.00 arrests in 2019 and 2020 before dropping to 1.00 in 2022. Burglary reached a minor high in 2019 with 3.00 arrests and fell by 2021. These variations may point to occasional... Read more
Property Crime Trends in Morgan County, WV Over the Last 5 Years
Morgan County, West Virginia has seen some fluctuating trends in property crimes over the last five years. Notably, Larceny - Theft experienced a significant spike in 2019 with 16.00 arrests but gradually decreased in the following years. Motor Vehicle Theft remained fairly consistent, ranging from 1.00 to 3.00 arrests annually. Interestingly, the occurrence of Forgery and Counterfeiting showed some variation, peaking in 2019 and 2020 at 3.00 arrests each year before dropping to 1.00 in 2022. Instances of Burglary started low, peaked slightly in 2019 with 3.00 arrests, and then declined by 2021. Property crime categories such as Stolen Property offenses and Vandalism also showed varied activity across the years but did not indicate major shifts. These trends might suggest periodic enforcement spikes or changes in criminal activity patterns which is important for stakeholders such as real estate investors, insurance agents, and potential residents to consider.
Demographics
Morgan County, West Virginia, appears to have a relatively balanced gender population with slightly more males than females. Education levels vary, with a significant portion having achieved only a high school diploma or some college experience without completing a degree, but also a modest representation of those holding bachelor’s or graduate degrees. The age distribution shows a sizeable older population, particularly in the 55 to 74 age ranges, which might imply a growing demand for... Read more
Race Distribution in Morgan County, West Virginia (2022)
Educational Attainment in Morgan County, West Virginia (2022)
Age Distribution in Morgan County, West Virginia
Citizen Population in Morgan County, West Virginia (2022)
Political Trends & Data
Morgan County, West Virginia, shows a strong Republican inclination, with roughly 75% of the 2020 presidential election votes favoring the GOP, while Democratic support was around 23%. Third-party influence was minimal, with Libertarians gaining just over 1% and Greens seeing less than 0.50% of the vote. This pattern hints at a predominantly conservative political culture that could shape local policies and community attitudes, potentially impacting property values and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Morgan County, West Virginia, typically leans heavily Republican, with approximately 75% of the 2020 presidential election votes cast in favor of the GOP. Democratic support appears significantly lower, coming in at around 23%. Minor party influence seems minimal, as Libertarian and Green parties secured just over 1% and less than half a percent of the votes, respectively. This voting pattern could indicate strong conservative preferences in local political culture.
75.18% of voters voted for the Republican party in the 2020 Presidential Election
22.98% of voters voted for the Democrat party in the 2020 Presidential Election
1.39% 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
Morgan County, West Virginia, has seen its student-to-teacher ratio stay close to the national average of 14 students per teacher over the past decade, peaking at 15 in 2018 and dipping to around 14 in 2020 and 2021. This stability in the educational environment could signal a community that prioritizes education, potentially enhancing property values and neighborhood appeal. These trends might be particularly relevant for real estate agents, appraisers, and insurance agents assessing the... Read more
Student-to-teacher ratio in Morgan County, West Virginia over the last 10 years
Over the past decade, Morgan County, West Virginia has seen its student-to-teacher ratio largely hover around the national average of 14 students per teacher. Although there have been minor fluctuations, the ratio peaked at 15 in 2018 and dipped to approximately 14 in 2020 and 2021. For potential investors or those looking to move, understanding this ratio can signal the quality of educational resources; smaller ratios often suggest more individualized attention and potentially better educational outcomes. Real estate agents, appraisers, and insurance agents might find these trends indicative of community priorities, possibly influencing property values and neighborhood desirability.
