Nicholas County Real Estate and Livability Trends
Nicholas County, West Virginia, has experienced a steady rise in median home values from $83,100 in 2015 to $110,600 in 2022, suggesting an appealing market for buyers seeking affordability with growth potential. The increase in local confidence is reflected in primary residence mortgage counts, peaking at 752 in 2020, indicating robust demand for stable homeownership. Real estate taxes have... Read more
Nicholas County Market Trends
Nicholas County, West Virginia, has seen median home values jump to $110,600 in 2022 from $83,100 in 2015, making it an appealing market for buyers seeking affordability in a trending upward market. Residential energy tax credits have fluctuated over the last eight years, pointing towards periodic investments in energy efficiency that could be attractive to eco-conscious buyers. Real estate taxes... Read more
Median Value of Occupied Housing Units in Nicholas County, West Virginia Over the Last 8 Years
Over the last eight years, median home values in Nicholas County, West Virginia, have seen a generally upward trend, surging to $110,600 in 2022 from $83,100 in 2015. Comparatively, West Virginia's median home values increased to $145,800 in 2022 from $103,800 in 2015, while national values reached $179,400 from $125,500 over the same period. This relatively lower price point in Nicholas County could make it an attractive market for potential buyers or investors looking for affordability within West Virginia, especially as it shows significant recent growth.
Residential Energy Tax Credit Per Tax Return in Nicholas County, WV Over the Last 8 Years
Nicholas County, West Virginia, has seen fluctuating averages in residential energy tax credits per tax return over the past eight years, with notable peaks in 2014 at $606.67 and again in 2021 at $470.00. This pattern suggests periodic increases in home energy improvements or changes in tax credit claims that might entice potential investors or homeowners interested in energy-efficient upgrades. Real estate agents and appraisers could find these trends useful to highlight potential cost savings for prospective buyers, while insurance agents might consider this data when assessing property insurability and risk regarding energy efficiency. This could indicate a community with a growing focus on sustainable living options, contributing to the overall appeal of investing or moving to the area.
Average Real Estate Taxes Per Tax Return in Nicholas County, WV Over the Last 10 Years
The trend in Nicholas County, West Virginia's real estate taxes per tax return over the past decade shows a significant increase, particularly from 2017 onwards. Notably, there's an uptick from $1,484.44 in 2017 to $2,378.95 in 2018, maintaining a higher value around $2,400.00 in 2020 and 2021. This increase could reflect rising property valuations or changing tax policies, which potential investors, homeowners, and real estate professionals might find relevant when evaluating financial commitments and opportunities in this area.
Percentage of Farm Returns in Nicholas County, WV Over the Last 10 Years
Over the past decade, Nicholas County, West Virginia has seen farm tax returns varying slightly, hovering around an average of 2.5%. These modest changes suggest consistency in the local agricultural sector's tax filings, potentially signaling stability for those interested in investing in or building property in the area. This is relevant for prospective investors or residents as it hints at a steady agricultural base, which can be a cornerstone of economic and community stability.
Number of Mortgages by Occupancy Type in Nicholas County, WV Over the Last 5 Years in Nicholas County
The data for Nicholas County, West Virginia, indicates a fluctuating yet dominant trend in mortgages for principal residences, peaking in 2020 with 752 counts. Investment properties and second residences have maintained relatively low and stable numbers throughout the years. The notable increase in principal residence mortgages from 2018 to 2021 could signal rising local confidence in primary residence investment, which might appeal to real estate agents and homebuilders. For investors and insurance agents, the steady demand for investment properties suggests a possibly stable rental or resale market, despite lower volumes relative to primary homes. This dynamic likely underscores a community primarily geared towards homeowners rather than transient or speculative investment activity.
Economic Outlook
Nicholas County, West Virginia, has experienced an upward trend in average taxable income per tax return over the past nine years, from $44,399.22 in 2013 to $53,587.06 in 2021, despite some fluctuations. This suggests a gradually growing local economy, potentially impacting property values and investment prospects. The volatility in state and local income taxes, with a jump to $18,615.79 in 2021, and a substantial increase in average total tax liability per tax return to $7,896.35 could... Read more
Average Taxable Income per Tax Return in Nicholas County, WV over the last 9 years
Over the last nine years, Nicholas County, West Virginia has seen a gradual increase in average taxable income per tax return, starting at $44,399.22 in 2013 and reaching $53,587.06 in 2021. This upward trend is noticeable but not without fluctuations, indicating a potentially growing local economy despite occasional setbacks. For investors, real estate agents, and insurance agents, this data may suggest a moderately stable and improving income landscape, which could inform decisions on property values, investment potential, and insurance needs.
Average State and Local Income Taxes Per Tax Return in Nicholas County, WV Over the Last 10 Years
In Nicholas County, West Virginia, average state and local income taxes per tax return have shown significant fluctuations over the past decade. Notably, there was a marked increase from $8,400.98 in 2014 to $13,300.00 in 2018, followed by a leap to $18,615.79 in 2021. Such volatility could indicate shifts in income levels or property values, potentially affecting investment opportunities and property valuations. For real estate agents and investors, these trends might suggest variable financial obligations for future residents. Insurance agents might view this data as reflective of economic changes influencing demand and coverage strategies.
Average Total Tax Liability Per Tax Return in Nicholas County, WV Over the Last 10 Years
Over the past decade, Nicholas County, West Virginia has seen fluctuations in average total tax liability per tax return, with notable peaks and troughs. The tax liability surged to $7,896.35 in 2021, indicating a substantial increase compared to previous years, suggesting economic changes or shifts in the local tax base or income levels. For investors, real estate agents, and residents, this variability may influence financial planning, property appraisals, and insurance underwriting in the region. Understanding these trends could be crucial for making informed decisions regarding investments and long-term financial commitments in Nicholas County.
Cost of Living in Nicholas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,048 | $1,303 | $3,162 | $998 | $1,635 |
| 1 adult 4 children | $1,048 | $1,064 | $2,428 | $998 | $1,595 |
| 2 adults 3 children | $1,048 | $1,064 | $2,738 | $998 | $1,302 |
| 1 adult 3 children | $1,048 | $869 | $2,005 | $998 | $1,270 |
| 2 adults 2 children | $738 | $871 | $2,314 | $870 | $1,043 |
| 1 adult 2 children | $738 | $651 | $1,581 | $870 | $901 |
| 2 adults 1 child | $738 | $689 | $1,890 | $456 | $939 |
| 1 adult 1 child | $738 | $445 | $1,157 | $456 | $714 |
| 2 adults | $570 | $553 | $1,467 | $0 | $768 |
| 1 adult | $566 | $302 | $733 | $0 | $587 |
Safety trends & Data
Nicholas County, West Virginia has seen notable fluctuations in property crimes over the past five years. Larceny-theft consistently leads, ranging from 43.00 to 106.00 incidents annually, with a noticeable drop in 2021. Burglary incidents peaked at 12.00 in 2022 after a relative decline, while motor vehicle theft has remained consistently low. Fraud and vandalism arrests show modest changes, reflecting potential impacts from community vigilance or law enforcement efforts. Investors and... Read more
Property Crime Trends in Nicholas County, WV Over the Last 5 Years
Nicholas County, West Virginia has seen notable fluctuations in property crimes over the past five years. Larceny-theft consistently leads in numbers, ranging from 43.0 to 106.0 incidents annually, with a noticeable drop in 2021. Burglary incidents peaked at 12.0 in 2022 after a relative decline, while motor vehicle theft has remained consistently low. Fraud and vandalism arrests show modest changes, reflecting potential impacts from community vigilance or law enforcement efforts. For crime trends, investors and residents may want to consider these variations as they could influence property values, insurance premiums, and overall safety perceptions in the area.
Demographics
Nicholas County, West Virginia, reveals a slightly greater female population than male, alongside a predominantly White racial demographic. Educationally, a significant portion possesses at least a high school diploma, although fewer continue to achieve higher education degrees. There's a noticeable clustering of residents within the 45 to 64 age bracket, possibly pointing to an aging... Read more
Race Distribution in Nicholas County, West Virginia (2022)
Educational Attainment in Nicholas County, West Virginia (2022)
Age Distribution in Nicholas County, West Virginia
Citizen Population in Nicholas County, West Virginia (2022)
Political Trends & Data
The real estate market in Nicholas County, West Virginia, could be influenced by its strong conservative political leanings, as evidenced by nearly 78% of the 2020 U.S. Presidential Election votes going to the Republican candidate. This political climate might shape the local market preferences, potentially attracting more conservative buyers and investors who feel aligned with the community's values. Such a dynamic could affect property demand, school district selections, and overall community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Nicholas County, West Virginia, exhibited a dominant lean towards the Republican candidate, with nearly 78% of the vote. The Democratic candidate garnered around 21%, indicating a significant gap between the two major parties. Third-party candidates, including the Libertarian and Green parties, barely made a dent, collectively achieving less than 2% of the vote. This distribution suggests a strong conservative inclination in the county's political landscape during the 2020 U.S. Presidential Election.
77.88% of voters voted for the Republican party in the 2020 Presidential Election
20.94% 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
0.19% of voters voted for the Green party in the 2020 Presidential Election
School Data
Over the past decade, Nicholas County, West Virginia has maintained a student-to-teacher ratio of around 13 students per teacher, slightly below the national average of 14. A notable spike occurred in 2018, pushing the ratio to 14.14, briefly exceeding the national average. Such variations in student-to-teacher ratios may influence property values and community planning decisions, as educational quality strongly impacts homebuyer preferences and property assessments. Lower ratios often suggest... Read more
Student-to-teacher ratio in Nicholas County, West Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Nicholas County, West Virginia has generally hovered around 13 students per teacher, slightly below the national average of 14. Notably, there was a spike in 2018, where the ratio briefly exceeded the national average, hitting a peak of 14.14. This fluctuation in student-to-teacher ratios may be crucial for potential investors, residents, and real estate agents to consider, as lower ratios often indicate more individualized attention for students and possibly stronger educational outcomes. For appraisers and insurance agents, these trends can affect property values and risk assessments, as educational quality is a significant factor for many homebuyers. Understanding these ratios provides a fuller picture of the educational environment in Nicholas County, impacting decisions related to property development and community planning.
