Ohio County Real Estate and Livability Trends
Ohio County, West Virginia has seen average taxable income rise substantially, hitting $79,402.80 in 2021, alongside increasing state and local income taxes at $20,335.62. Median home values climbed from $107,500 in 2015 to $153,000 in 2022, with real estate taxes doubling to $3,680.00 in the same period, and residential energy tax credits peaking at $734.62 in 2021. The student-to-teacher ratio... Read more
Ohio County Market Trends
In Ohio County, West Virginia, median home values have steadily risen from $107,500 in 2015 to $153,000 in 2022, outpacing the state’s growth but trailing behind national increases. Average real estate taxes have more than doubled from $1,734.38 in 2012 to $3,680.00 in 2021, particularly spiking between 2017 and 2018. Residential energy tax credits peaked sharply at $734.62 in 2021, hinting at... Read more
Median Value of Occupied Housing Units in Ohio County, West Virginia Over the Last 8 Years
In Ohio County, West Virginia, median home values have shown a steady increase over the last eight years, rising from $107,500 in 2015 to $153,000 in 2022. This sustained growth outpaces statewide trends, where median values increased from $103,800 to $145,800, and also lags behind the national market, which saw values climb from $125,500 to $179,400. Investors, developers, and homebuyers eyeing the area may find this growth indicative of a stable market, presenting opportunities for investment and development in a region showing consistent appreciation in property values.
Residential Energy Tax Credit Per Tax Return in Ohio County, WV Over the Last 8 Years
Ohio County, West Virginia has seen notable fluctuations in the residential energy tax credit per tax return over the last eight years. Starting with $279.03 in 2013 and peaking sharply at $734.62 in 2021, there are substantial variances that could position the county as an attractive frontier for energy-efficient investments. For real estate professionals and property developers, this trend may hint at a growing local commitment to sustainable housing. Insurance agents and appraisers might also infer a possible increase in property values, as higher tax credits suggest residents' investing in energy efficiency improvements.
Average Real Estate Taxes Per Tax Return in Ohio County, WV Over the Last 10 Years
Ohio County, West Virginia has seen a consistent increase in average real estate taxes per tax return over the last decade. Starting at $1,734.38 in 2012, the average has more than doubled, reaching $3,680.00 in 2021. The most notable spike occurred between 2017 and 2018, where the average jumped from $2,264.40 to $3,213.92. This trend could signal a rising property market or adjustments in tax policies, which might impact property investments, housing affordability, and insurance premiums. Potential homebuyers, real estate agents, and investors might find this data crucial for financial planning and market analysis in the county.
Percentage of Farm Returns in Ohio County, WV Over the Last 10 Years
Over the past decade, Ohio County, West Virginia has seen a slightly fluctuating but fairly stable percentage of farm tax returns, hovering around 0.69% to 0.80% of total returns. The peaks in 2018 (about 0.80%) and 2019 (roughly 0.74%) suggest a potential uptick in farm activity, though the overall trend remains steady. Farm tax returns serve as a barometer for assessing agricultural presence and productivity, which is crucial for investors, potential residents, and property developers analyzing the region's economic health and opportunities.
Number of Mortgages by Occupancy Type in Ohio County, WV Over the Last 5 Years in Ohio County
In Ohio County, West Virginia, mortgage counts for principal residences have shown a notable increase over the past five years, peaking at 1,579 in 2021, which suggests rising demand for primary homes. Investment properties have seen less variation, generally staying around 80 to 110 mortgages annually, indicating stable but modest interest. Second residences remain a minor component of the market, rarely exceeding 20 mortgages a year. Changes in occupancy type are vital for understanding market dynamics. For investors, a steady investment property market might mean reliable rental demand, while rising principal residence numbers could signal a strengthening local economy and population growth. For appraisers and insurance agents, these trends help gauge property value shifts and risk profiles, respectively.
Economic Outlook
Ohio County, West Virginia has experienced a significant rise in average taxable income per tax return over the past nine years, peaking notably in 2021 at $79,402.80. With state and local income taxes also on the rise, hitting $20,335.62 in 2021, this indicates a potentially evolving economic landscape. These trends suggest a growing tax burden which might influence real estate decisions, reflecting higher incomes or shifts in tax policies. The fluctuating total tax liabilities, with a high of... Read more
Average Taxable Income per Tax Return in Ohio County, WV over the last 9 years
Over the past nine years, Ohio County, West Virginia has experienced growth in average taxable income per tax return, with noticeable peaks. The average has seen significant rises, such as in 2014 ($62,325.10) and 2021 ($79,402.80). There were some fluctuations, but the general trend indicates an upward trajectory, particularly in the last few years. This potentially signals a developing economic environment, which may be appealing for those considering investments, property development, or moves to the area.
Average State and Local Income Taxes Per Tax Return in Ohio County, WV Over the Last 10 Years
In Ohio County, West Virginia, the average state and local income taxes per tax return have generally increased over the last decade, starting from approximately $9,572.95 in 2012 to about $20,335.62 in 2021. Notable spikes were observed in 2018 and 2019, reaching $18,648.35 and $23,339.53 respectively. Such trends could signal a growing tax burden, possibly due to higher incomes or changes in tax policies, which could impact decisions around real estate investments, property evaluations, and the desirability of relocation to the area. Appraisers, insurance agents, and real estate professionals might consider these figures when advising clients or assessing the market.
Average Total Tax Liability Per Tax Return in Ohio County, WV Over the Last 10 Years
Ohio County, West Virginia has seen fluctuating average total tax liabilities per tax return over the last decade, with notable peaks in 2014 at $12,806.99 and a significant rise in 2021 to $14,455.26. The lowest point came in 2012 at $9,926.10. This variation could reflect economic changes, policy adjustments, or demographic shifts, making it an area of interest for investors, real estate agents, and appraisers looking to understand financial trends and their potential impacts on property values and market conditions.
Cost of Living in Ohio County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,114 | $1,428 | $2,965 | $1,571 | $1,793 |
| 1 adult 4 children | $1,114 | $1,166 | $2,276 | $1,571 | $1,785 |
| 2 adults 3 children | $1,114 | $1,166 | $2,569 | $1,571 | $1,482 |
| 1 adult 3 children | $1,114 | $952 | $1,879 | $1,571 | $1,478 |
| 2 adults 2 children | $858 | $955 | $2,173 | $1,365 | $1,175 |
| 1 adult 2 children | $858 | $713 | $1,483 | $1,365 | $1,070 |
| 2 adults 1 child | $858 | $755 | $1,776 | $696 | $989 |
| 1 adult 1 child | $858 | $487 | $1,086 | $696 | $769 |
| 2 adults | $671 | $606 | $1,380 | $0 | $755 |
| 1 adult | $584 | $331 | $690 | $0 | $554 |
Safety trends & Data
Ohio County, West Virginia's property crime rates have seen notable fluctuations over the past five years, with larceny-theft dropping from 141.00 cases in 2018 to 59.00 in 2022. Burglary incidents peaked at 45.00 in 2022 despite dipping to 25.00 in 2021. Meanwhile, vandalism and fraud cases have stayed relatively stable, and motor vehicle theft and embezzlement saw minor changes. These crime trends provide valuable insights for investors, property developers, and insurance agents evaluating... Read more
Property Crime Trends in Ohio County, WV Over the Last 5 Years
Ohio County, West Virginia has shown fluctuating trends in property crime over the past five years. Larceny-theft remains the most prevalent crime, though its numbers have dropped significantly from 2018's 141.0 cases to 2022's 59.0. Burglary incidents also exhibit variance, peaking at 45.0 in 2022 after a notable dip to 25.0 in 2021. Vandalism and fraud cases have remained relatively constant but with minor variances, while crimes like motor vehicle theft and embezzlement saw slight increases or remained steady through the years. These patterns can serve as crucial indicators for potential investors, property developers, insurance agents, and those assessing the living conditions in the region.
Demographics
Ohio County, West Virginia exhibits an almost balanced gender distribution, with a slight female majority. Educational attainment reveals a broad spectrum, with the majority holding high school diplomas and significant portions achieving higher education degrees. The age distribution showcases a substantial older adult population, notably within the 55 to 74-year range, likely indicating a trend towards an aging demographic. Racial makeup is predominantly White, with minimal representation from... Read more
Race Distribution in Ohio County, West Virginia (2022)
Educational Attainment in Ohio County, West Virginia (2022)
Age Distribution in Ohio County, West Virginia
Citizen Population in Ohio County, West Virginia (2022)
Political Trends & Data
Ohio County, West Virginia's 2020 U.S. Presidential Election results suggest a strong Republican leaning, with about 62% of votes for Republican candidates compared to 36% for Democratic candidates. Minimal support was noted for Libertarian and Green parties at 1.3% and 0.3%. Such voting patterns may indicate a prevailing Republican preference, though the local political scene can be intricate and subject to various... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Ohio County, West Virginia during the 2020 U.S. Presidential Election, it appears that Republican candidates garnered significantly more support, with approximately 62% of the vote, compared to about 36% for Democratic candidates. The Libertarian and Green parties saw minimal backing, at roughly 1.3% and 0.3%, respectively. This data might suggest Ohio County leans predominantly Republican, yet it is important to consider that political landscapes can be complex and influenced by myriad factors.
62.09% of voters voted for the Republican party in the 2020 Presidential Election
36.30% of voters voted for the Democrat party in the 2020 Presidential Election
1.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
School Data
Ohio County, West Virginia has seen the student-to-teacher ratio drop from 13 in 2014 to just under 12 in 2023, below the national average of 14. This indicates potentially smaller class sizes, appealing to families who value personalized education. For investors and real estate agents, this trend suggests a community that prioritizes education, which might hint at a stable or improving local economy. Appraisers and insurance agents could view this as a positive indicator of better student... Read more
Student-to-teacher ratio in Ohio County, West Virginia over the last 10 years
The student-to-teacher ratio in Ohio County, West Virginia has been on a downward trend over the last decade, decreasing from 13 students per teacher in 2014 to just under 12 students per teacher in 2023. This is notably lower than the current national average of 14 students per teacher, potentially indicating smaller class sizes which might appeal to families prioritizing personalized education. For investors or real estate agents, this trend could be a compelling selling point, implying a community that values education highly. Appraisers and insurance agents might also find this shift relevant, as it could signal a stable or improving local economy that supports better student outcomes.
